SOURCE: Cavico Corporation

August 21, 2006 09:00 ET

Cavico Corporation Interviewed by Vietnam Investment Review and VTV1

LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- August 21, 2006 -- Mr. Bui Quang Ha, CEO and Mr. Tran Thanh Hai, Vice President, of Cavico Corporation (PINKSHEETS: CVCP), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, were recently interviewed by the Vietnam Investment Review, which operates under the Ministry of Planning and Investment. The program is circulated nationwide and in 36 countries throughout Europe, Asia and the Americas; and VTV1, Vietnam's largest television station broadcast nationwide http://www.ktdt.com.vn, and http://www.vir.com.vn/CLIENT/DautuChungkhoan/default.asp.

Both Mr. Bui and Mr. Tran discussed the company's history, the industries in which it operates, Cavico's growth and acquisition strategy and the company's objectives. They also spoke of their experiences with the process of listing the company's shares in the US, the reasons for choosing to list the company in the US over Vietnam and other countries stock exchanges and the pride of becoming the first Vietnam-based US public company.

"Being listed on the Pink Sheets is only a starting point for Cavico, where we can gain some exposure and experiences prior to achieving our goal of listing on a senior exchange like NYSE-Arca or Nasdaq," stated Mr. Bui. "As one of the largest construction companies in Vietnam, Cavico would like to raise capital through the US equity markets to enable it to purchase and develop projects of its own, including hydropower and mining operations," stated Mr. Tran.

To view the interview in its entirety, visit http://www.cavicovn.com/CVC/Pages/NewDetail.asp?IdNew=1164 More information about Cavico is available on the company's website at: http://www.cavicocorp.com and http://www.cavicovn.com.

About Vietnam Investment Review

Under the Ministry of Planning and Investment was established on June 12th, 1991. The organization includes the weekly English "Vietnam Investment Review," "Timeout" and the bi-weekly "Dau tu" and the weekly "Dau Tu Chung Khoan" in Vietnamese.

Vietnam Investment Review is published with the following aims:

--  To provide information on government law and policies related to
    international cooperation and foreign investment;
--  To introduce foreign countries' laws and policies relevant to
    cooperation with, and investment in, Vietnam;
--  To Provide information on Vietnam to the world and to help investors
    discover investment opportunities in Vietnam;
--  To report co-operative investment achievements while highlighting
    successful businesses and potential;
--  To expose violations of law and negative factors of doing business in
    Vietnam to foster change.
    
Vietnam Investment Review has a broad-based readership which includes Vietnamese and international economic organizations, foreign and domestic investors, governmental administrative agencies, cadres at different levels and myriad others interested in business, trade, import-exports, banking and finance issues relevant to Vietnam.

Our newspapers are circulated nationwide and in 36 countries throughout Europe, Asia and the Americas.

About Cavico Corporation

Cavico (www.cavicocorp.com), founded in 2000, is a major infrastructure construction, infrastructure investment, and natural resources conglomerate headquartered in Hanoi, Vietnam. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, and urban community developments. One of the company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management, and facility maintenance services. Cavico's project partners often include top multi-national corporations as well as government organizations. The company currently employs more than 3,000 people.

Vietnam's transition to a market economy has generated rapid economic growth. The country's impending ascension to the World Trade Organization is likely to provide an additional boost to economic growth and a further acceleration in the country's current infrastructure construction boom. The aggressive development of Vietnam's energy, transportation, and urban infrastructure is absolutely essential to the country's ability to compete internationally, and this aggressive build-out is creating huge growth opportunities for infrastructure construction companies such as Cavico.

"Safe-Harbor" Statement

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Cavico Corporation to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Cavico Corporation assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.

Contact Information

  • Contacts:

    Cavico Corporation Investor Relations:

    Cinapsys, Inc.
    Mark Moline
    Phone: 760-458-4899
    Email: Email Contact

    For Cavico Corporation:

    Timothy Pham
    Phone: 714-843-5456
    Email: Email Contact