September 3, 2008
China Advanced Construction Materials Group Announces Completion of Portable Plant to Support Beijing to Shanghai Express Railway
NEW YORK and BEIJING, Sept. 3 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (BULLETIN BOARD: CADC) today announced that it has completed the construction of a portable plant to support the Company's involvement in the building of the Beijing to Shanghai Express Railway. The portable plant has capacity to support the production of 400,000 cubic meters of ready-mix concrete per year.
At completion, the Beijing to Shanghai Express Railway will be the longest single phase high-speed railway ever built at 819 miles long. Its top speed will be 220 mph and it will cut travel time between Beijing and Shanghai from nine hours to five hours. The construction of the Beijing-Shanghai Express Railway began on April 18, 2008.Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, "We are extremely excited about the completion of the portable plant and our involvement with the Beijing to Shanghai Express Railway. This project is recognized worldwide and signifies a major landmark in both technology and transportation, as it will be the fastest train in the world once it reaches completion in 2010. In accordance with our overall business plan, we plan to remain aggressive in pursuing equally prestigious contracts and remain on-track developing our new fixed plant to cover the Tianjin and Bohai Bay area."
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 seven ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases two 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 http://www.china-acm.com/.
Safe Harbor Statement
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: [email protected] Web: http://www.china-acm.com/
China Advanced Construction Materials Group, Inc.
CONTACT: David Waldman or Klea Theoharis, both of CrescendoCommunications, LLC, +1-212-671-1020, [email protected], both for ChinaAdvanced Construction Materials Group, Inc.
Web site: http://www.china-acm.com/