China ACM Retains Financial Profiles for Investor Relations
BEIJING, May 20 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. (Nasdaq: CADC) ("China ACM" or the "Company"), a leading provider of eco-friendly ready-mix concrete in China, today announced that it has retained Financial Profiles, Inc. to direct a comprehensive investor relations program.
"China ACM's growth outlook and transition to a higher-margin business mix is creating new opportunities for the Company to build its following on Wall Street," said Jeremy Goodwin, President and Chief Financial Officer, China ACM. "Accordingly, the Company has recently appointed a new CFO, added a Director of Corporate Communications and today retained Financial Profiles as investor relations counsel. We have significantly reinforced our capital markets team to effectively manage a higher level of interaction with Wall Street following our recently completed underwritten common stock offering."
Financial Profiles is well regarded for its senior level, hands-on expertise and track record in implementing successful IR programs that include institutional investor targeting and outreach, analyst and investor relations, managing Street expectations and positioning dynamic high-growth companies. The firm will launch a series of initiatives to broaden China ACM's following on Wall Street, including investor conference presentations, company sponsored meetings and quarterly conference calls including Q&A.
"Led by a world class management team and Board, China ACM addresses one of the world's most favorable marketplaces and industry sectors," said Moira Conlon, Principal, Financial Profiles. "China's concrete industry is experiencing tremendous growth fueled by the country's massive infrastructure build out plan. Analysts anticipate long-term infrastructure and national high-speed rail network build-out and resultant urbanization of rural areas will drive industry growth for many years to come. China ACM is clearly distinguished by its eco-friendly, premium products and services, intellectual property, significant investment in capacity and access to expansion capital. The Company is well-positioned for growth and offers a compelling and undiscovered investment story that we look forward to communicating more broadly to Wall Street."
About Financial Profiles, Inc.
Financial Profiles is a communications consulting firm with expertise in investor relations and corporate, transaction and crisis communications. Our foundation in business and communications enables us to create effective communications programs that help clients meet business objectives. Our investor relations practice helps companies address valuation issues, communicate growth strategies to investors, and build Wall Street support. For more information, please visit www.finprofiles.com.
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 16 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.
Forward Looking Statements
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 |
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Financial Profiles |
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Tricia Ross |
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(916) 939-7285 |
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Financial Profiles |
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Moira Conlon |
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Tel: (310) 478-2700 x11 |
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SOURCE China Advanced Construction Materials Group, Inc.
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