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[Wallstreetman]

Cavico Corp Provides Forward Guidance to Investment Community, With Revenues for FY2006 to Exceed $80 Million and $130 Million Projected for FY2007
LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- 08/02/2006 -- Cavico Corporation (PINKSHEETS: CVCP), a company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, today released guidance for its 2006 and 2007 revenue forecasts. Revenues for fiscal year 2006 should be approximately $80 million, with guidance for 2007 projected at $130 million. All numbers are US dollar figures.

The company has recently announced several large contracts, including: Nam Chien Hydropower ($24 million); Ban Ve Tunnel ($20 million); Serepok 3 Hydropower (VINAVICO $54 million) and the Dong Nai 4 Hydropower ($26 million). Cavico continues to pursue infrastructure projects throughout Vietnam and is also building new relationships throughout the region.

"The strength of the Vietnamese economy, coupled with support from the US surrounding Vietnam's inclusion in the WTO are two long-term positives for Cavico," stated Timothy Pham, Executive Vice President and Assistant Secretary for Cavico Corp. "We continue to move forward with our existing projects, which are underway, while seeking out additional opportunities for growth internationally."

For more information about Cavico, please refer to the company's website at: http://www.cavicocorp.com.