China Advanced Construction Materials Group Wins Contract to Supply Concrete for France's New Embassy in Beijing
October 22 2009 - 6:30AM
PR Newswire (US)
Expected to be France's Largest Embassy Worldwide Upon Completion
NEW YORK and BEIJING, Oct. 22 /PRNewswire-FirstCall/ -- China
Advanced Construction Materials Group, Inc. ("China ACM")
(OTC:CADC) (BULLETIN BOARD: CADC) , a leading provider of ready-mix
concrete in China, today announced that it will be the major
provider of concrete for the French embassy being built in the new
diplomatic zone in the Chaoyang District of Beijing. The complex
will house the largest French embassy in the world and is expected
to open in 2011. Mr. Xianfu Han, Chairman and Chief Executive
Officer, stated, "Our involvement in this prestigious and important
project is very gratifying and we are proud of this achievement.
The architecturally unique design created by Alain Sarfati, one of
France's most renowned architects, is just the type of structure
where China ACM can excel in demonstrating the versatility of our
various concrete formulations. The embassy will be part of a new
compound that will house all French diplomatic services in a single
location." Mr. Han concluded, "When we look out over the Beijing
skyline, the number of high profile projects we have helped create
continues to grow and each building has its own distinct character
with specific concrete requirements and services that China ACM is
able to provide. Some of these projects include the Bird's Nest
Stadium, the National Swimming Center Water Cube, China Central
Television Headquarters, the U.S. Embassy and the Beijing
International Airport, among others. We look forward to playing a
significant role in other such projects in the months and years
ahead." 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 http://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: Web:
http://www.china-acm.com/ DATASOURCE: China Advanced Construction
Materials Group, Inc. CONTACT: David Waldman or Klea Theoharis,
both of Crescendo Communications, LLC, +1-212-671-1020, Web Site:
http://www.china-acm.com/
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