Cavico Corp (fka CAVO)

[Renee]

CAVO revoked:

http://www.sec.gov/litigation/admin/2013/34-70156.pdf

[mtrue]

The companies web site is http://cmvietnam.vn They are traded on the Hanoi stock exchange symbol CMS. It trades aroung .50 to .60 cents $US. There financials are on the web site in Vietnamese.
The rest of the site can be viewed in english. They seem to have abandoned their US stock when they issued stock in Hanoi. I am sure they thought they were treated badly in the US. They have been profitable the last 4 years and still only have a PE of 2.5 on the Hanoi exchange. I imagine the US courts will deregister their stock and they will get that value back for free. Then they can issue more stock in Hanoi.We punish foreign companies by giving their value back for free and taking the value from investors. I understand that the SEC doesn,t want shell companies trading, but this is a large company and far from a shell.Seems we are very foolish in this country.

[Renee]

CAVO SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-70023.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-70023-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-70022.pdf

[kranthikumar]

CAVO is ready for the run.Attention goes larger.

[prokopton]

And the plot thickens...

-------------------------------
amattal1000 • Sep 5, 2012 11:15 PM

Providential Holdings (PHI) specializes in mergers and acquisitions (M&A) advisory services and invests in selective businesses with potential for high growth. The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by:

1. Acquiring and consolidating undervalued opportunities in selective high-growth industries to create value for our shareholders and target partners by combining expertise in both the product and capital markets.

2. Acting as an incubator for emerging companies whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs.

3. Taking minority interest in client-partner companies to align with their long-term interest and help build enduring value.

Minority Interests

Bio-Warm Corp.
Bio-Warm Corp., a Nevada corporation currently traded on the Pink Sheets (BOWC.PK), was originally engaged in the development of rapid bio tests and subsequently in the manufacturing and marketing of a patented electrically-induced heating technology used for humans and agriculture. This company is considering a restructuring to acquire a new business operation.

Cavico Corp.
Cavico, founded in 2000, is a major infrastructure construction, infrastructure investment, and natural resources conglomerate headquartered in Hanoi, Vietnam. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, and urban community developments. One of the company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management, and facility maintenance services. Cavico's project partners often include top multi-national corporations as well as government organizations. The company currently employs more than 3,000 people. Vietnam's transition to a market economy has generated rapid economic growth. The country's impending ascension to the World Trade Organization is likely to provide an additional boost to economic growth and a further acceleration in the country's current infrastructure construction boom. The aggressive development of Vietnam's energy, transportation, and urban infrastructure is absolutely essential to the country's ability to compete internationally, and this aggressive build-out is creating huge growth opportunities for infrastructure construction companies such as Cavico. Providential has successfully advised and assisted Cavico to become the first Vietnam-based company that trades in the US stock market.

Cavico-PHI Cement Corp.
Cavico-PHI Cement Corp. is a joint venture company between Cavico Vietnam Ltd., and Providential Holdings, Inc. to establish and operate a cement plant in Ha Nam Province, North Vietnam. The US-based holding company for Cavico-PHI Cement Corp. is Cavico-PHI Industries, Inc., a Nevada corporation.

Eastbridge Investment Group
Formerly known as ATC Technology, Eastbridge Investment Group concentrates on the IPO, Joint Venture and Merchant Banking services in China and India. The company focuses its attention on the small-to-medium-size companies in these countries and looks for the companies that have demonstrated either a steady income stream or are ready to launch commercially disruptive products that potentially offer double digit growths in market share for the next five years.

Jeantex Group
Jeantex Group, Inc. is engaged in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide.

[prokopton]

When I bought CAVO I considered it a lottery stock. After doing further due diligence and the recent price movement, I'm upgrading it to a highly speculative play. Cavico Corp. wholly or partly owns subsidiaries that have hard assets and recurring revenues that are substantially higher than its market value. However, it's hard to tell what its overall debt is or if it still owns some or all of those assets.

I bought some at $0.006 (had to wait two days to get filled) and now it's at $.15 with no news. CAVO's market cap. today is $601,000. If the company decides to file its 10Q and 10K with favourable numbers, CAVO could see a precipitous pop, IMO.

However, there are rumours that CAVO has sold some or all of its assets. But there hasn't been any SEC filing to indicate it has or hasn't. So, the assets listed below may not be of any value.

If anyone has links to "factual" evidence that Cavico has sold any or all of its assets, please provide them. I have no way of finding out from the SEC filings. Thanks.

CAVO Corp's subsidiaries:

--Cavico Construction Manpower and Services
--Cavico Hydropower Construction
--Cavico Mining & Construction
--Cavico Bridge and Tunnel Construction

Construction Manpower and Services

This is a joint stock company currently trading on the Hanoi exchange. It's profitable and pays a dividend. 2.2 P/E, market cap. USD 2.4 million, up 29% 1 year. http://www.bloomberg.com/quote/CMS:VN

Cavico Hydropower Construction

--Cavico Hydropower has successfully completed all construction activities at the Dong Nai 3 Hydropower Plant. http://www.marketwire.com/press-release/cavico-completes-construction-at-dong-nai-3-hydropower-plant-nasdaq-cavo-1334935.htm

--Cavico Hydropower Construction, has signed a tunnel construction contract with Song Giang Hydropower Joint Stock Company for the Song Giang 1 hydropower plant in Vietnam's Khanh Hoa Province.

http://www.hydroworld.com/articles/2011/01/cavico-secures-song.html

--Cavico Bridge and Tunnel, has signed a construction contract with Electricity of Vietnam, a state-owned electricity company, for the Song Bung 2 hydropower project.

http://www.hydroworld.com/articles/2010/12/cavico-awarded-construction.html

Cavico Mining & Construction

As of Sep. 14, 2011, this sub. was profitable and trading on the Ho Chi Minh Stock Exchange. "Cavico Vietnam Mining & Construction Joint-Stock Co. (MCV VN), which provides mining and construction services, rose 4.3 percent to 7,300 dong. The company said first-half net profit more than doubled to 2.5 billion dong ($120,000), according to a statement on the exchange’s website."

http://www.bloomberg.com/news/2011-09-15/vietnam-equity-movers-cavico-development-investment-infonet.html

It was eventually delisted from the exchange. MCV:VN

http://www.bloomberg.com/quote/MCV:VN/profile

Cavico Bridge and Tunnel Construction

--Cavico Bridge and Tunnel JSC signed a transport tunnel construction agreement with Korea-based Doosan Heavy Industries & Construction Co., Ltd. for the Noi Bai - Lao Cai Highway. The expected revenue value for this new contract is $5.8 million.

http://vnre.blogspot.ca/2010/06/cavico-signs-transport-tunnel.html


--Cavico Bridge and Tunnel Construction Co. has won a US$6.2 million contract for tunnel construction at the 280-MW Theun-Hinboun Expansion project on Laos' Nam Theun River.

http://www.hydroworld.com/articles/2009/02/cavico-to-build-tunnel-for-laos-280-mw-theun-hinboun-expansion.html

--On Jan. 21, 2009, Cavico Bridge and Tunnel construction reported revenue of 284 billion dong (VND), or USD 13,598,289.

TunnCavico Tunnel Bridge Construction Joint Stock Co (under Cavico Vietnam) last year earned 284 billion dong in revenue, achieving 118% of that year’s plan, 20.1 billion dong in pre-tax profit, reported deputy general director Kim Ngoc Nhan. - See more at: http://www.intellasia.net/cavico-bridge-and-tunnel-construction-firm-reports-284b-dong-revenue-in-2008-91071#sthash.97Fm8sVX.dpuf

[prokopton]

Cavico has a one subsidiary called "Cavico Construction Manpower and Services JSC" trading on the Hanoi stock exchange. This subsidiary is profitable and pays a dividend according to Bloomberg. Its current market cap is VND 50,000,000,000 million (USD 2.4 million). The stock is up 29% in 1 year. The value of this subsidiary alone (if Cavico Corp. owns 100% of it) is worth 4x more than its parent company, CAVO ($0.15).

Other Cavico Corp. subsidiaries:

Cavico Hydropower Construction
Cavico Mining & Construction
Cavico Bridge and Tunnel Construction

Cavico Construction Manpower and Services JSC (mentioned above)

Looks like an interesting play here, ending up as a 30-100 bagger or bust. But if the company ever does file its 10Q and 10K, the stock could see a precipitous spike. Keeping my fingers crossed.


-------------------------------------------

Cavico Construction Manpower and Services JSC

Current P/E Ratio (ttm) 2.2556
Estimated P/E(-) -
Relative P/E vs. VNINDEX 0.1731
Earnings Per Share (ttm) 4,433.5000
Est. EPS -
Est. PEG Ratio -
Market Cap (M VND) 50,000.00
Shares Outstanding (M) 5.00
30 Day Average Volume 32,327
Price/Book (mrq) 0.7458
Price/Sale (ttm) 0.2692
Dividend Indicated Gross Yield 20.00%
Cash Dividend (VND) 2,000.0000
Last Dividend 01/21/2013


http://www.bloomberg.com/quote/CMS:VN

[prokopton]

More info. on CAVO. Hope my lottery stock hits big.



----------------------------------------------------
michsingles • Oct 1, 2012 11:25 AM

The company's aim is to increase its current backlog of projects within Vietnam and to cement its presence in the country's infrastructure sector. BMI believes that Cavico is well-placed in its operations in Vietnam. Its presence in the country has set a precedent and it has a history of partnerships with local state-owned contractors. Vietnam's planned infrastructure investments in the power and transport sectors present significant opportunities that could allow Cavico to achieve its aim of increasing its order backlog. This rose by 33.8% y-o-y to reach US$304.6mn as of June 30 2010.The firm also saw a loss of US$1.8mn in the second quarter of 2010. According to the company, this was due to the fact many of the company's hydropower construction projects were in the early stages, and not generating sufficient revenue to offset their initial construction costs. Once these projects progress further into completion, net income will increase as more revenues are generated.

Activity and ProjectsIn April 2011, Cavico Corporation announced that its subsidiary, Cavico Mining, had received an investment licence for the Tan My Hydropower Plant. The licence grants Cavico the right to build own and operate (B) a hydropower plant downstream from the Tan My Irrigation Reservoir. The plant will be built in the Phuoc Tan Village, Ninh Thuan Province. The plant has a designed capacity of 6MW and is estimated to cost US$6.7mn.In March 2011, Cavico Corporation announced that its subsidiary, Cavico Construction Manpower & Services, has signed a contract to construct the tunnel roof and grout the arch consolidation of a 1.4-mile-long rock transport tunnel at the Nghi Son cement plant, Thanh Hoa Province. The contract is valued at approximately US$1.3mn. Cavico expects to complete the project within seven months from the start of construction.In January 2011, Cavico Corporation announced that its subsidiary, Cavico Hydropower Construction, had signed a US$7.75mn tunnel construction contract with Song Giang Hydropower Joint Stock Company for the Song Giang 1 hydropower plant in Khanh Vinh District, in central Vietnam's Khanh Hoa Province. The twin-unit plant, which is located 31 miles from Nha Trang city, will have a 24MW annual capacity once it becomes operational. Song Giang Hydropower Joint Stock Company expects to invest a total of US$23.2mn in the plant.In December 2010, Cavico Corporation announced that its subsidiary, Cavico Bridge and Tunnel, had signed a US$6mn construction contract with Vietnam's state-owned electricity company, EVN, for the100MW Song Bung 2 hydropower plant project. Under the contract, Cavico will be responsible for the construction of three tunnels, a surge tank, and a power house. Cavico expects to complete construction by 2014.In October 2010, Cavico Corporation announced that its wholly-owned subsidiary, Cavico Hydropower, had successfully completed all construction activities at the Dong Nai 3 Hydropower Plant. The company has started the handover process to the project owner, EVN.In June 2010, Cavico Corporation announced that its majority-owned subsidiary, Cavico Bridge, and Tunnel JSC had signed a transport tunnel construction agreement with Korea-based Doosan Heavy Industries & Construction Co., Ltd. for the Noi Bai-Lao Cai Highway. The expected revenue value for this new contract is US$5.8mn, excluding VAT.In March 2010, Cavico announced it has won a contract for a US$2.1mn road construction contract related to this project. Cavico expects to complete its portion of the project in 20 months.In June 2010, Cavico Corporation announced that its majority-owned subsidiary, Cavico Mining, had signed a construction contract for construction of Portal No. 2 at Ngan Truoi reservoir of the Ngan Truoi Irrigation Dam located in Ha Tinh province.The expected revenue value of this contract is US$3.3mn; however, the contract also has cost escalation clauses, which may increase the revenues associated with the project. In May 2009, Cavico signed a contract for US$8.5mn to construct Portal No. 1 on the same site. Cavico will be responsible for the construction of a diversion dam, water intake gates and a groin dam distributor.Ngan Truoi reservoir's Portal No. 2 will be 2.5m in diameter and 464m in length.

* While we appreciate that mining activities are at the heart of the company's operations, for the purpose of this report we will only focus on the company's infrastructure operations.
LOAD-DATE: September 27, 2012 Less

http://finance.yahoo.com/mbview/threadview/;_ylt=AjMxR8bJzqCckS4avcSlycXeAohG;_ylu=X3oDMTB2cDYyY2RsBHBvcwMxNARzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=58bd39fe-dbbb-3653-8888-77d477f10e21&tid=1349105152603-b706170b-0074-4a7a-954a-3097dce95dde&tls=la%2Cd%2C2%2C12

[prokopton]

Anyone here?

I found two contrasting views on CAVO below. It'll be interesting to see which one unfolds.

I bought at $0.006 when the market cap. was about $25,000, thinking the company would fold and someone would buy it as a shell company and pay $100K-200K for a reverse merger.


----------------------------------
Dec. 17, 2012

"Management had substantial insider holdings in 2010 (see Annual Report) and they probably increased their holdings in August 2011 by conversion of a 200K Cavico loan at very favorable terms ( see topic of July 1, 2011, message of July 5, 2011).

If Cavico should decide to submit last years quarterly and annual reports to the SEC the share price could easily jump to $ 1 or even $ 5+. To my knowledge Cavico had positive earnings in the recent quarters."

-----------------------------

"They will never do anything there is no company at all.
I called there number its been changed, there website is no longer up, the address listed for headquarters belongs to a bank. This was all smoke and mirrors the scammed me as well to the tune of 20k , If anyone buys one share of this scam company they are as sharp as a bowling ball."


http://finance.yahoo.com/mbview/threadview/?&bn=58bd39fe-dbbb-3653-8888-77d477f10e21&tid=1355183305636-816cf2f5-14fc-4f8a-afb0-64717644c1b3&tls=la%2Cd%2C0%2C3

[prokopton]

What's going on here? I bought this one at $0.006 and tucked in in my "lottery" stock category. It's now at $0.078. An 11 bagger so far.


Vol / Avg. 90,982.00/3,761.00

Up 117% today.

[stockrookiehere]

Awesome day nothing i like more than over quadruapling my money, cool...

[stockrookiehere]

Awesome day today but i went ahead and sold half so now i can let it ride, very nice movement with just a lil volume...

[stockrookiehere]

Stuck my toe back in @ .016

[stockrookiehere]

Cool, It's slowly trending up, Anybody else in this one besides me...

[stockrookiehere]

Time for a pump soon, Maybe a starter position...

[redchipir]

RedChip Virtual Conference! Cavico Corp will be presenting in the RedChip Virtual Conference on February 16, 2011. Tim Pham will be presenting Cavico in the presentation. Here is a quick link to get signed up early for the Virtual Conference.

www.redchip.com/visibility/conferencePages/virtualconferences/virtualmainConference.asp

Do Not Miss Out!

[stockresearcher45]

CAVO is a low-float stock with a foreign contract win that is being driven by daytraders, see commentary:

http://www.timothysykes.com/news/16567-11-penny-stocks-to-care-about-today/

[Crusader]

nshi2: I think your question is essentially,

off topic. I would recommend that you look at PDMI's share structure (it is diluted), and follow the PDMI board for thoughts.

[nshi2]

Question to RECONRANGER: I bought cavo today at $1.98c. I think it will go higher in the coming days. My question to you is about the stock PDMI-- Paradhime medical. What is your opinion on this? Thanks.

[Crusader]

recon: thanks for the charts,

the ADX and STO on the weekly charts are quite promising.

[reconranger]

CAVO - Daily-reconranger

[reconranger]

CAVO - Weekly-reconranger

[reconranger]

News-reconranger

Cavico Awarded $6 Million Construction Contract for Song Bung 2 Hydropower Plant
Date : 12/28/2010 @ 6:55AM
Source : GlobeNewswire Inc.
Stock : Cavico Corp. (CAVO)
Quote : 2.23 0.5901 (35.98%) @ 7:22AM


Cavico Awarded $6 Million Construction Contract for Song Bung 2 Hydropower Plant

Cavico (MM) (NASDAQ:CAVO)
Intraday Stock Chart
Today : Tuesday 28 December 2010

Cavico Corp. (Nasdaq:CAVO) ("Cavico" or the "Company"), a major infrastructure construction, infrastructure investment, and natural resources conglomerate based in Vietnam, today announced that its subsidiary, Cavico Bridge and Tunnel, has signed a construction contract with Electricity of Vietnam ("EVN"), a state-owned electricity company, for the Song Bung 2 Hydropower project.

The contract is valued at $6 million and includes cost escalation clauses that may increase the revenues associated with the project. Under the terms of the contract, Cavico will be responsible for the construction of three tunnels, a surge tank, and a power house. Cavico expects to complete construction by 2014.

The Song Bung 2 Hydropower project, which is included in Vietnam's national power development plan approved by the prime minister's office, is located on the Vu Gia-Thu Bon River in Lae village, Quang Nam Province. With a total planned capital investment of $183 million, the Song Bung 2 hydropower plant will have a 100-megawatt capacity, providing 426 million kilowatt-hours of energy annually upon completion.

"Cavico is delighted to be awarded this construction contract for the Song Bung 2 Hydropower project," commented Mr. Hai Thanh Tran, vice president of Cavico. "Our team and equipment are ready to be deployed to the site, and we anticipate a smooth transition into the construction process, which we expect to complete within the agreed time frame."



The Company also wishes to correct a statement made in its press release issued Monday, December 27, 2010. The corrected statement should read as follows: "The headrace tunnel is 7 miles long and 16 feet wide and is considered the longest and most sophisticated tunnel to be constructed in Vietnam."

About Cavico Corp.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants, mineral exploration and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia. The Company now has three subsidiaries, Cavico Mining (HSX:MCV), Cavico Industry & Mineral (HNX:CMI), and Cavico Construction Manpower & Services (HNX:CMS), which are listed in Vietnam on the Ho Chi Minh and Hanoi Stock Exchanges.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico's project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company's ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company's planned expansions, and predictions and guidance relating to the Company's future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Cavico Corp.
Timothy Pham, Vice President and Director
[phone]
[e-mail]

RedChip Companies, Inc.
Investor Relations Contact:
Dave Gentry
800-733-2447, Ext. 104
407-644-4256, Ext. 104
[e-mail]

[reconranger]

Yes, nice strong move today.-reconranger

[Crusader]

Volume 361k shares today, normally 15k shares,

keeping a close eye on this one.

Up 35%

[Crusader]

Yes, Looking, and are you

still interested?

[Crusader]

Why7 up 36% today?/emo

[Crusader]

72.3 million dollars in debt,

but the annual revenue is almost that much.

Sorry to reply to your old post, but I just noticed this stock.

[Crusader]

ANYONE FOLLOWING THIS STOCK?

I notice it is promising.

[jwbstock]

CAVO interest

I've owned this stock off-and-on over the last 4 years (I'm currently out). It seems to have so much promise: an infrastructure play in one of the world's most rapidly developing countries. But the company has never lived up to the promise. Hopefully some kind of catalyst will come along to jump-start this stock. However, until that catalyst becomes visible, I think the share price will slowing grind lower.

[Looking2Retire]

Does anyone have any interest in this stock besides me?

[B7$4]

"CAVO News" Cavico Signs $12 Million Construction Contract for Nui Tao Stone Mines

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100601005620&newsLang=en

HANOI, Vietnam--(BUSINESS WIRE)--Cavico Corp. (NASDAQ: CAVO - News), a leading infrastructure development company based in Vietnam, today announced that its majority-owned subsidiary, Cavico Construction and Infrastructure JSC (Cavico Infrastructure) has signed a contract with Binh Thuan Minerals and Building Materials JSC for construction work at the Nui Tao Stone Mine. The expected revenue value of contract is $12 million.

Cavico Infrastructure will extract and process the stone from the Nui Tao Stone Mine, and then market the stones to customers in Vietnam. The mine is located in Phuoc The village, in the Binh Thuan province in southern central Vietnam. According to the terms of the eight and a half year agreement, Cavico will extract and process approximately 1.5 million cubic meters of block stone, widely used in construction, in an area located on 30,000 square meters of land.

Nui Tao Stone Mine is owned by Binh Thuan Minerals and Building Materials JSC. The mine is located on 76,852 square meters of land and has 3.7 million cubic meters of stone reserve. Binh Thuan Minerals is licensed to extract 133,334 cubic meters of stone per year.

“There is a great deal of demand for construction stones in this province,” stated Mr. Hai Thanh Tran, vice president of Cavico Corp. “In particular, there are several critical projects that have been approved by Vietnam’s Prime Minister within this region that require construction stones, such as projects for Vietnam’s largest thermoelectricity generating company, worth $6.1 billion. In addition, this region has ports which will transport general products throughout the country. Cavico’s ability to apply its knowledge of the region and identify growth opportunities as well as leverage its highly skilled labor force, will allow it to build its portfolio of projects in the Binh Thuan province in the future. We plan to continue our dialogue with developers in the region on additional construction contracts and opportunities to help further develop this growing and promising area.”

[B7$4]

"CAVO News" Cavico Signs $4.3 Million Contract to Construct Diversion Canal at Ban Mong Reservoir

http://www.marketwatch.com/story/cavico-signs-43-million-contract-to-construct-diversion-canal-at-ban-mong-reservoir-2010-05-12?reflink=MW_news_stmp

HANOI, Vietnam, May 12, 2010 (BUSINESS WIRE) -- Cavico Corp. /quotes/comstock/15*!cavo/quotes/nls/cavo (CAVO 3.58, -0.05, -1.38%) , a leading infrastructure development company based in Vietnam, today announced that its majority-owned subsidiary, Cavico Mining, listed on Hochiminh Stock Exchange (HOSE: MCV), signed a construction contract with Investment & Development Management No.4 to construct a diversion canal for Ban Mong Reservoir. The revenue for this contract is estimated to be $4.3 million. Cavico Mining expects to complete this construction contract within ten months.

The Ban Mong Reservoir, owned by the Investment & Development Management No.4 of the Ministry of Agriculture and Rural Development, is located in the Quy Hop district, in the Nghe An province which is southwest from Hanoi. This project is considered to be the largest water reservoir project in the western region of Nghe An province. According to the reservoir's architectural design, the Ban Mong Reservoir will be 671 meters long, be built on 2800 square kilometers of land and have 235.5 million cubic meters of capacity. The main construction work associated with this project includes the primary dam that is 340 meters long, 44 meters high and 11 meters wide; and an auxiliary dam that is 164 meters long and 10-meter wide surface; and a 5-gate overflow spillway.

In addition to minimizing damages caused by flooding, the Ban Mong Reservoir will increase water supply during the dry seasons. The project's owner has plans to build water pump stations on the Dinh and Hieu Rivers to irrigate 30,600 hectares of rice field and fruit trees. A future hydropower plant to be built at the reservoir will have a 42 MW daily capacity to provide an average of 160 million KWH per year.

"There is a tremendous potential and demand for water reservoirs and dams in Vietnam. This sector receives a lot of focus and financial support from the government," stated Mr. Hai Thanh Tran, vice president of Cavico. "Cavico's expertise allows us to leverage our overall skills and diversify into this promising sector, while strengthening our traditional hydropower construction, and is in line with our overall long-term growth strategies. We are confident that our success and experience at Cua Dat, Ta Trach, Ngan Truoi, and Ban Mong projects will enable us to win additional contracts for the Ban Mong Hydropower Plant and contracts in the field of dam and reservoir construction."

[KQforever]

word. they just have way too much debt.

[chisox17]

How on earth is this one trading so ridiculously low?

[redliner]

So, how has that worked out for you?

[deepsuccess]

After waiting over 2 years and through all the crap. Finally I see the light . THe dog is dead !
I'll take my crumbs and get out now .
on to better things

deep

[deepsuccess]

Re news of the highway job... Cavico needs to get the big piece of pie .140 million would be nice ....2 million is chump change and we are waiting for this dog to get a bone for goodness sake.
Why can't this company get moving ? The 140 million goes to a Korean Company!

deep

[PROTON]

will this stock ever go up? LOL

[BlackThought]

JNTX is looking much better.

[Stockpyle]

Keep his track record in mind!!

[BlackThought]

thanks. now he's heading JNTX and PHIE, should i steer clear from them?

[Stockpyle]

Henry found this and the original shell and cavico was a pink stock. He has been doing this now with other copanies in Viet Nam. How ever that is about all good things I can say.

Cavico was not a good clean shell and the stock was delisted for almost a year.

He has had legal troubles as well.

[BlackThought]

what are your thoughts on Henry Fahman? thanks.

[fourkids_9pets]

L2R

Q: How can I get updates on financial news concerning Cavico?

A: If you have further questions, please contact the Company’s US investor relations counsel: Grayling
Phone: [phone]
Managing Director: Truc Nguyen (ext. 418)
Email: [e-mail]
or
Director: Christopher Chu (ext. 426)
Email: [e-mail]
Media Relations: Ivette Almeida (ext. 455)
Managing Director: Ivette Almeida
Email: [e-mail]
www.grayling.com

http://cavicocorp.com/web/cavico/faqmore.aspx

http://www.grayling.com/

---
4kids
all jmo

[Looking2Retire]

Did anyone know there was a new PR firm? I contacted the old one a few days ago and was informed that they were replaced back around August.

[Stockpyle]

If you read the filling a while back the shares that the corp execs have they could sell if the stock was over the price they laid out for a certain number of days.

Looks like they made the mark and the price has now fallen like a stone.

[dDT]

CAVO News / Announcement

Cavico Announces Breakthrough at Tunnels of Ta Trach Dam and Hua Na Hydropower Projects
Date : 12/08/2009 @ 8:00AM
Source : Business Wire
Stock : Cavico Corp. (CAVO)
Quote : 5.9 0.0 (0.00%) @ 7:22AM

Cavico Announces Breakthrough at Tunnels of Ta Trach Dam and Hua Na Hydropower Projects

Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that its subsidiaries Cavico Mining and Cavico Power and Resource Construction have broken-through two major tunnels at the Ta Trach project and the Hua Na project, respectively.

The Ta Trach project, located in the Hue province began in July 2009 and Cavico Mining has completed approximately 152 meters of tunnel work with diameter of 10.5 meters from outlet to the surge shaft tank. For the next phrase of the dam project, Cavico Mining will dig a tunnel from the surge shaft tank to the intake.

Cavico Power and Resource Construction completed 268 meters of tunnel at the Hua Na Hydropower Plant, in the Nghe An province began from June 2009. The tunnel has a diameter of 10 meters and, in the next phase, Cavico Power and Resource Construction will construct a diversion tunnel and a coffer dam for the upper and lower streams.

“We are pleased with the progress of these project sites,” commented Mr. Hai Thanh Tran, vice president of Cavico Corp. “The north central regions of Vietnam have been heavily affected by flood and storms in the recent months. Nonetheless, our employees have continued to demonstrate their ability to provide our clients with superior quality work and the focus and drive to complete these projects in a timely manner, despite these obstacles.”

About Cavico Corp.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company’s primary competitive advantages is its ability to nurture a project “from concept through completion” with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico’s project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company’s Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company’s ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company’s planned expansions, and predictions and guidance relating to the Company’s future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[AliAngel]

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Cavico Awarded Class III Labor Medal Issued by the Government of Vietnam

HANOI, Vietnam, Dec 04, 2009 (BUSINESS WIRE) -- Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that it has been awarded the Class III Labor Medal issued by office of the President of Vietnam.
The Class III Labor Medal is a civilian honor to acknowledge the outstanding contributions of individuals or entities that have contributed towards the building of Vietnam. Cavico was recognized for this prestigious award based on several criteria including sequential revenue growth for the past five consecutive years and community service, in addition to providing a supportive work environment for employees. The Class III Labor Medals are awarded to first time honorees and must be earned prior to receiving Class II and Class I awards.

"Cavico is honored to have been selected to receive this medal by Vietnam's President, Mr. Nguyen Minh Triet," commented Mr. Hai Thanh Tran, vice president of Cavico Corp. "Cavico, as Vietnam's largest engineering and construction contractor, servicing almost exclusively public sector clients, will continue to provide outstanding contributions in the construction and modernization of critical infrastructure projects as Vietnam continues its focus on growth and economy stability."

About Cavico Corp.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico's project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company's ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company's planned expansions, and predictions and guidance relating to the Company's future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Cavico Corp.



CONTACT:
Cavico Corp. Timothy Pham, [phone] Vice President and Director [e-mail] or Grayling [phone] Investor Relations: Truc Nguyen, Managing Director (ext. 418) [e-mail] or Christopher Chu, Director (ext. 426) [e-mail] or Media Relations: Ivette Almeida, Managing Director (ext. 455) [e-mail]
Copyright Business Wire 2009
-0-

KEYWORD: Viet Nam
Asia Pacific
INDUSTRY KEYWORD: Building Systems
Energy
Alternative Energy
Utilities
Architecture
Urban Planning
Construction & Property
Commercial Building & Real Estate
Residential Building & Real Estate
SUBJECT CODE: Award

[Fraktal]

Cavico Vietnam Named One of the Top 500 Vietnamese Enterprises by VietnamNet

December 1, 2009 - 8:00 AM EST
Dec. 1, 2009 (Business Wire) -- Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that its wholly-owned subsidiary, Cavico Vietnam, was ranked 167 of the Top 500 Vietnamese Largest Private (non-state owned) Enterprises, also known as VNR500. The VNR500 report was conducted and composed by VietnamNet and Vietnam Report under the consultancy of Professor John Quelch, a former senior associate dean at Harvard Business School.

VNR500 is the equivalent to the US’s Fortune 500 model, rated and ranked 10,000 Vietnamese enterprises based on revenues ending December 31, 2008. The selected companies are state-owned, foreign, or non-state owned entities with at least 1000bil VND and 450bil VND in revenue, state-owned and non-state owned, respectively.

In this third edition, Vietnam Report collected companies’ information from variety of media sources and independently valuated the companies according to revenues, assets, profits before taxes and number of employees.

Mr. Hai Thanh Tran, chairman of Cavico Vietnam, said, “We are pleased that Cavico Vietnam was recognized in VNR500’s third annual list of Vietnam’s largest non-state owned companies. This recognition is a tribute to our employees and the quality of service provided to our customers.”