China ACM Appointed Jeremy Goodwin To Be Chief Financial Officer

BEIJING, March 22 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. (Nasdaq: CADC), ("China ACM" or the "Company") a leading provider of ready-mix concrete in China, announced that Mr. Jeremy Goodwin, has been appointed as the Company's Chief Financial Officer.  

Mr. Goodwin has been a member of China ACM's Board of Directors since October 2008, and recently assumed the position as acting President of the Company on January 25, 2010. As the President and Chief Financial Officer, he now oversees the public company activities, financial reporting, internal controls, as well as assisting the CEO in procuring and deploying domestic contracts, and expanding the Company's involvement in international projects, and strategic and financial partnerships going forward.

Jeremy Goodwin has extensive experience in advising multi-national and Asian companies on key corporate initiatives such as business expansion, project management, strategic partnership, mergers & acquisitions, and financial management and reporting. Mr. Goodwin has experience working with Chinese building material companies, Chinese government agencies and various financial institutions.

Mr. Goodwin received his Bachelor of Science from Cornell University and completed advanced degree studies both in International Finance at the Graduate Institute of International Studies in Geneva Switzerland as well as in Chinese affairs from Princeton University and the Johns Hopkins School of Advanced International Studies in Nanjing, China. He is fluent in Mandarin Chinese and French.  

Mr. Xianfu Han, Chairman and Chief Executive Officer of China ACM, commented, "Jeremy Goodwin quickly assumed the responsibilities as our new President and CFO as well as his other ongoing duties as a Director.  He spearheaded our recent financing which in a few short weeks, provided the capital for our further growth.  This financing has brought our first significant institutional shareholders and coverage while broadening our shareholder base.  We look forward to additional contributions from Jeremy as China ACM continues to address the growing need for technically advanced concrete to meet the demands of building out key landmark Chinese infrastructure projects and to build long-term value for our shareholders. "

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale infrastructure, commercial and residential 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 energy efficient and environmentally conscious construction materials.

China ACM provides materials and services through its five ready-mix concrete plant network covering the Beijing metropolitan area. China ACM owns one plant and leases four plants in Beijing and has technical services and preferred procurement agreements with five other independently-owned plants across China.  The company presently owns 12 portable plants deployed in 10 provinces across China. 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 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:      

Kevin Theiss      

Grayling      

646-284-9409      

[email protected]

SOURCE China Advanced Construction Materials Group, Inc.

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