Cavico Corp (fka CAVO)

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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
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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