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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




China Advanced Construction Materials Group Inc. (CADC.OB) Posts Strong Q4 and FY Results Built on Project Increases and Tax Incentives

QualityStocks (September 25th, 2009) Writes:

Beijing-based China Advanced Construction Materials Group Inc. (China ACM) is a leading producer of advanced construction materials for large scale commercial, residential and infrastructure developments. The company today announced its fourth-quarter and fiscal results for the three months ended June 30, 2009, posting a quarter of proven growth and profitability.

The company posted revenue for the quarter at $14.5 million, as compared to $7.7 million for the three months ended June 30, 2008. Net income for the three months ended June 30 2009, was $5.7 million, or $0.40 per diluted share, compared to net income of $1.4 million, or $0.12 per diluted share, for the same quarter last year.

Xianfu Han, chairman and CEO of China ACM, said the results reflect the company’s efforts to secure and execute additional contracts.

“We are pleased to report that careful strategic planning and aggressive bidding for new projects has resulted in another quarter

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China Advanced Construction Materials Group, Inc. (CADC.OB) Lands $3.3 Million Railway Contract

QualityStocks (June 2nd, 2009) Writes:

China Advanced Construction Materials Group, Inc., a leading provider of ready-mix concrete and related services in China, announced that it has been given a new contract to provide ready-mix concrete for a major railway construction project in China. According to the press release, the company will provide the concrete under its new manufacturing services business line, whereby China ACM produces the ready-mix concrete and the general contractor supplies the raw materials. It is anticipated that the contract will generate approximately $3.3 million over a two year period.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, “We are pleased to have been selected to provide concrete for this major railway project. This single project will require in excess of 400,000 cubic meters of ready-mix concrete, which we will supply through our portable plants. The advantage to these plants is that they can be moved from location to location along the railway

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