China Advanced Construction Materials Group Awarded 2 New Contracts Totaling Approximately $4.2 Million for Hangzhou-Ningbo Railway

NEW YORK and BEIJING, Nov. 2 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (Nasdaq: CADC), a leading provider of ready-mix concrete in China, today announced that it has been awarded two new contracts totaling approximately $4.2 million to provide concrete manufacturing services for the Hangzhou-Ningbo railway construction project. Under the agreement, China ACM will supply approximately 550,000 cubic meters of concrete.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, "These latest contract awards follow similar projects along the Hangzhou-Ningbo Railway we were awarded earlier this year. These contract awards were a direct result of our ability to meet the general contractor's technical requirements according to schedule. We have now been awarded 13 of these high margin railway contracts since the beginning of fiscal 2009. With China's government planning to spend more than 5 trillion Yuan, or USD $730 billion, on the national rail network through 2020, our pipeline of new contracts is extremely robust."

Upon completion, the Hangzhou-Ningbo railway will cover approximately 150 kilometers, or approximately 93 miles. Train speed on this line will approach 188 miles per hour and will reduce travel time between Hangzhou City and Ningbo City to less than one hour.

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.

China ACM provides materials and services through its eight ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases three plants and has technical services and preferred procurement agreements with four other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at www.china-acm.com.

This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10K and in the Company's recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

Contact:

    Crescendo Communications, LLC
    David Waldman or Klea Theoharis
    Tel: (212) 671-1020
    Email: cadc@crescendo-ir.com
    Web: http://www.china-acm.com

SOURCE China Advanced Construction Materials Group, Inc.