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Equity Analysts to Provide Their Top China Stocks for 2009 at CCG IR's China Rising Investment Conference

Thu, 16 Apr 2009 18:46:00 GMT

Dedicated to U.S.-listed Chinese companies, the investment conference will host senior management of a wide range of sectors including consumer staples, agriculture, pharmaceuticals, infrastructure, information technology, advanced materials, and alternative energy.
"This conference will offer investors a look at opportunities to invest in outstanding companies at historically unprecedented valuations in what continues to be the fastest growing major economy in the world," said Crocker Coulson, President of CCG Investor Relations.
The China Rising conference will also feature a special lunch panel session on May 18 from 12:00 pm - 1:30 pm titled, "Four leading equity analysts provide their top China Stocks for 2009 (and a few shorts for dessert)."

China Advanced Construction Materials Group Appoints Three Independent Board Members

Mon, 17 Aug 2009 11:26:00 GMT

China Advanced Construction Materials Group, Inc. , a leading provider of ready-mix concrete and related services in China, today announced that it has appointed Denis Slavich, Sean Wang and Larry Goldman to the Board of Directors, bringing the number of independent directors to four, with the total board now comprised of 7 members. As a result, the company believes it now substantially qualifies for listing on a U.S. national exchange and plans to commence the application process.[More...]

China ACM Pays Off Short Term Loan and Reduces Receivables

Mon, 03 Aug 2009 11:46:00 GMT

NEW YORK and BEIJING, Aug. 3 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (BULLETIN BOARD: CADC) , a leading provider of ready-mix concrete and related services in China, today announced that it has paid off its $4.4 million short-term loan, which carried an interest rate of 15%.
Additionally, the company has significantly reduced its long-term receivables as of June 30, 2009.
The company transferred approximately $5.7 million of its receivables as a method of payment for equipment and other asset purchases, transferred $3.5 million of receivables for future lease payments, and factored approximately $4.1 million of additional receivables.

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China ACM Adds 5 New Portable Plants

Tue, 28 Jul 2009 13:21:00 GMT

China Advanced Construction Materials Group, Inc. , a leading provider of ready-mix concrete and related services in China, today announced that it has added five new portable, ready-mix concrete plants. As a result, the company now has 9 portable plants supporting the build-out of China's national railway network. The new plants are located between railway stations near Qinhuangdao, Yongfu, Hangzhou, Liuzhou and Guilin.[More...]

China Advanced Construction Materials Group Awarded New Contracts Totaling $4.1 Million for Hangzhou-Ningbo Railway

Thu, 16 Jul 2009 15:43:00 GMT

China Advanced Construction Materials Group, Inc. , a leading provider of ready-mix concrete and related services in China, today announced that it has been awarded two new contracts to provide concrete manufacturing services for the Hangzhou-Ningbo railway construction project. Under the agreement, China ACM will supply 500,000 cubic meters of concrete and expects to complete the project by mid-2011.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. Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, 'We continue to gain traction in providing our manufacturing services for China's growing network of railway systems. We are in a unique position to win these railway projects as one of only a select group of companies authorized to supply ready-mix concrete for government infrastructure projects. Our competitive advantages also include our advanced technologies, lengthy warranty period and superior pricing. The high profile projects we have been involved with in and around the Beijing area serve as testimonials to the quality of our work and the reputation we have established.'Mr. Han continued, 'High speed railways are an important element in the continued modernization of China. In total, we have been awarded 9 of these railway projects since the fiscal first quarter of 2009, which alone will generate more than $25 million of revenue in the next two years. We expect to announce similar contract awards in the coming weeks and months.'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 , ISO 14001 , and ISO 18001 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:[More...]

China ACM Announces Reduction in Corporate Tax Rate to 15% From 25% and Receives Two-Year Extension on 6% Value Added Tax Credit

Tue, 14 Jul 2009 11:52:00 GMT

NEW YORK and BEIJING, July 14 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (BULLETIN BOARD: CADC) , a leading provider of ready-mix concrete and related services in China, today announced that it has been issued the Enterprise High-Tech Certificate within the People's Republic of China (PRC).
The issuing parties include the Beijing City Committee of Science and Technology, the Beijing City Department of Finance, the Beijing City Department of Taxation, and the Beijing City Department of Land.
The company also announced that it has been approved for a 6% value added tax (VAT) credit by the State Administration of Taxation, extending its prior credit for an additional two years.

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CCG Investor Relations' China Rising Investment Conference to Feature More Than 30 U.S.-Listed China-Based Growth Companies

Sat, 16 May 2009 00:47:00 GMT

Event Culminates with Nasdaq Closing Bell Ceremony for 20 Companies
NEW YORK, May 15 /PRNewswire/ -- CCG Investor Relations, a leading investor relations and strategic communications agency, announced the final schedule for the first annual China Rising Investment Conference to be held at the Yale Club in New York on May 18.
The China Rising Investment Conference features growth companies representing a full spectrum of industries, many of which are positioned to benefit from China's recently announced stimulus package, and China's medical reform, among other dynamic industry drivers.

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China ACM Reports 116% Increase in Gross Profit and 120% Increase in Operating Income for the Third Quarter of Fiscal 2009

Fri, 15 May 2009 13:20:00 GMT

NEW YORK and BEIJING, May 15 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (BULLETIN BOARD: CADC) , a leading provider of ready-mix concrete in China, today announced financial results for the three months ended March 31, 2009.
We remain on track to achieve net income of at least $9 million for fiscal 2009."
Mr. Han continued, "The Chinese government announced its $586 billion stimulus package in November of 2008, with much of the money allocated toward infrastructure projects, a key focus of China ACM.

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Equity Analysts to Provide Their Top China Stocks for 2009 at CCG IR's China Rising Investment Conference ; Conference to Showcase U.S.-Listed Chinese Stocks & Private Chinese Companies

Thu, 16 Apr 2009 18:46:00 GMT

Dedicated to U.S.-listed Chinese companies, the investment conference will host senior management of a wide range of sectors including consumer staples, agriculture, pharmaceuticals, infrastructure, information technology, advanced materials, and alternative energy.
"This conference will offer investors a look at opportunities to invest in outstanding companies at historically unprecedented valuations in what continues to be the fastest growing major economy in the world," said Crocker Coulson, President of CCG Investor Relations.
The China Rising conference will also feature a special lunch panel session on May 18 from 12:00 pm - 1:30 pm titled, "Four leading equity analysts provide their top China Stocks for 2009 (and a few shorts for dessert)."

[More...]

CCG IR to Host Panels on Investing in Chinese Growth Stocks at Las Vegas Money Show

Tue, 14 Apr 2009 11:58:00 GMT

CCG Investor Relations, a leading global investor relations and strategic communications agency, today announced a series of panels on investing in Chinese growth stocks at the Las Vegas Money Show, May 11 to 14, 2009, at The Mandalay Bay Resort & Casino to explore the current investment opportunities in U.S.-listed Chinese Equities. http://www.ccgirasia.com .[More...]

China Advanced Construction Materials Group Awarded $2 Million Contract for Guizhou-Guangzhou Railway

Thu, 12 Mar 2009 12:56:00 GMT

China Advanced Construction Materials Group, Inc. , a leading provider of ready-mix concrete and related services in China, today announced that it was awarded a $2 million contract to provide concrete manufacturing services for a major section of the Guizhou-Guangzhou railway construction project. China ACM's concrete manufacturing services are a growing and high margin segment of the business, whereby the general contractors supply the raw materials and China ACM produces the ready-mix concrete.[More...]