China ACM Announces Pricing of Common Stock Public Offering

BEIJING, Feb. 24  /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. (NASDAQ:CADC) ("China ACM" or the "Company"), a leading provider of ready-mix concrete in China, today announced the pricing of its public offering of 2 million registered shares of common stock ("shares") at a price of $4.60 per share.  In addition, the Company has granted the underwriter a 30 day option to purchase an additional 300,000 shares at the public offering price of $4.60 per share to cover over-allotments. The shares are being sold under the Company's previously filed shelf registration statement, which was declared effective by the U.S. Securities and Exchange Commission ("SEC") on January 11, 2010. The offering is expected to settle and close on March 1, 2010. The Company intends to use the net proceeds to purchase 2 additional portable concrete mixing plants with the balance allocated for working capital purposes. Roth Capital Partners was the sole underwriter for this transaction.

Jeremy Goodwin, President, CFO and Director, commented, "We are proud of our growth and accomplishments to date. Our team of technically savvy and innovative concrete operators in China has a clear growth strategy and a strong proven track record. We believe infrastructure construction in China will continue for the foreseeable future. In particular, the initial high-speed passenger railways that have already gone into operation, such as the Beijing-Tianjin and Wuhan-Guangzhou high-speed passenger lines, have won wide acclaim and confirm the merits of such projects as well as the ongoing demand for reliable high grade concrete mixtures like ours. The successful completion of this public offering will serve to bolster our roster of shareholders and will allow us to further reinforce our leading position in the market."

Roth Capital Partners, LLC ("Roth") is acting as sole manager for the offering. The offering will be made solely by means of prospectus and accompanying prospectus supplement, copies of which may be obtained from Roth. Roth's headquarters is located at 24 Corporate Plaza Drive, Newport Beach, CA 92660, and can be reached by calling 800-678-9147 or . An electronic copy of such prospectus is also available on the web site of the SEC at http://www.sec.gov/.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 http://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
  

DATASOURCE: China ACM



CONTACT:  Kevin Theiss, Grayling, [phone],





Web Site:  http://www.china-acm.com/ 

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