China Architectural Engineering Expects Year End Completion of Its $6.4 Million Contract for the Construction of Wall and Roofin
10 Dicembre 2007 - 3:46PM
Business Wire
China Architectural Engineering, Inc. (Amex:RCH), which specializes
in the design, engineering, fabrication and installation of
high-end curtain wall systems, today announced that the Company
expects to complete its $6.4 million contract for the construction
of the wall and roofing systems of the new Concert Hall in Wuhan,
China this month. The Company expects the remaining percentage of
revenues relating to this project will be recognized in the current
fiscal quarter. The contract includes the design, engineering,
manufacture and installation of wall and roofing systems on the
facade of the concert hall and in several lobbies and other
interior spaces. The systems incorporated a number of different
materials and structures, including steel frame and point-support
low emission laminated glass, as well as plain concrete panels and
bronze panels. �We are pleased once again to play a major part in
the construction of a major performing-arts center in China,� said
Ken Yi Luo, China Architectural Engineering's Chairman and Chief
Executive Officer. �The company is well known for its creative work
on major cultural theater projects, including the National Grand
Theater in Beijing, the Hangzhou Grand Theater and, most recently,
the Guangzhou Opera House. The completion of this contract
testifies to our reputation for creating durable beauty in wall and
roofing systems that grace some of China�s most striking and
monumental new construction.� It will include a four-story (partial
six-story) structure with symphony hall and music hall as well
exhibition hall, lobby lounge, administration area and undercover
parking spaces. To be added to China Architectural Engineering's
investor lists, please contact Haris Tajyar at htajyar@irintl.com
or at 818-382-9702. About China Architectural Engineering, Inc.
China Architectural Engineering (AMEX:RCH), which began operations
in 1992, specializes in the design, engineering and installation of
high-end specialty curtain wall systems, including glass curtain
walls, stone curtain walls, metal curtain walls, roofing systems,
and related products, for public works projects and commercial real
estate. CAE has designed and installed and completed over one
hundred major size projects throughout China, including the
National Grand Theater, Exhibition Conservatory of Beijing
Botanical Garden, The COSCO Tower at Chang�an Avenue Beijing, and
the Wumen Exhibition Hall in Beijing�s Forbidden City, and a number
of commercial structures in Southeast Asia. For further information
on China Architectural Engineering please visit
www.caebuilding.com. Forward Looking Statements In addition to
historical information, the statements set forth above include
forward-looking statements that may involve risk and uncertainties
that could cause actual results to differ materially from those in
the forward-looking statements. The forward-looking statements are
also identified through use of the words "believe," "expect,"
"enable," "may," "will," "could," "intends," "estimate,"
"anticipate," "plan," "predict," "probable," "potential,"
"possible," "should," "continue," and other words of similar
meaning. Actual results could differ materially from the
expectations contained in forward-looking statements as a result of
several factors, including regulatory approval requirements, any
customer or supplier delays, any customer payment delays or
defaults, and competitive conditions. These and other factors that
may result in differences are discussed in greater detail in the
Company's reports and other filings with the Securities and
Exchange Commission.
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