SOURCE: China ACM

China ACM

February 28, 2011 14:38 ET

China ACM to Present at Canaccord Genuity 4th Annual Sustainability Forum

BEIJING--(Marketwire - February 28, 2011) - China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) ("China ACM"), a leading provider of eco-friendly ready-mix concrete and related technical services in China, today announced that Jeremy Goodwin, President and Chief Financial Officer, will be presenting at the Canaccord Genuity 4th Annual Sustainability Forum on Wednesday, March 2, 2011, at the St. Regis Deer Crest Resort in Park City, Utah.

A copy of the presentation that will be used at the Forum may be accessed via the Investor Relations section of the China ACM website at www.china-acm.com on Wednesday, March 2, 2011.

On the timely subject of sustainable economic growth, energy efficiency and environmental protection, the Company noted that a Bloomberg News article about China quoting its Premier Wen Jiabao, datelined February 27, reports: The government set an economic growth target of 7 percent for the so-called 12th five-year plan period, which covers 2011 through 2015, Wen said in response to online questions today on the website of the official Xinhua News Agency. China's target was 7.5 percent for the period from 2006 through last year, with actual growth exceeding that each year.

"We want to put the emphasis of our work on the quality and the benefits of economic growth," Wen said. "We want the fruits of development to benefit the people."

China has introduced initiatives to increase domestic consumption, make growth more energy efficient and encourage investment in poorer inland provinces after the economy more than doubled in the past five years as the wealth divide widened, pollution increased and gains in food and home prices accelerated. China can't "blindly" pursue economic growth that is unsustainable, Wen said today.

The lower growth target is a signal "the government will probably be more aggressive towards controlling inflation," said Dariusz Kowalczyk, a Hong Kong-based economist at Credit Agricole CIB. "China is also increasingly serious about protecting the environment."

About China ACM
China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.

Founded in 2002, Beijing-based China ACM provides its materials and services through its network of fixed ready-mix concrete plants covering the Beijing metropolitan area. It also has technical consulting services and preferred procurement agreements with other independently-owned plants across China. Additionally, the Company owns numerous portable plants deployed in various provinces across China primarily to major high speed rail projects. More information about the Company is available at www.china-acm.com.

Forward-Looking Statements
This press release contains statements that are forward-looking in nature, including statements regarding the Company's competitive position and product and service offerings. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; and the Company's ability to manage its business effectively in a rapidly evolving market. Certain of these and other risks are set forth in more detail in "Item 1A. Risk Factors" in China ACM's Annual Report on Form 10-K for the fiscal year ended June 30, 2010. China ACM does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.

Contact Information