Cavico Corporation (PINKSHEETS: CVCP) has moved technical equipmentthrough the Buon Tua Sharh bridge, as of April 30, 2005. The company will now begin work on the Song Tranh 2 bridge, with a contract value of approximately USD $1.26 million.
The Buon Tua Sharh bridge is 119 meters long, including 3 concrete spans and two 30 meter pillars. Cavico utilized state-of-the-art technology, new to Vietnam, to build the bridge. After approximately one year of construction, Cavico was able to move technical equipment and automobiles over the span.
Concurrent to the Tua Sharh bridge project, the Song Tranh 2 bridge is underway. The bridge will consist of seven concrete spans, 241 meters long,with a base structure pillar one meter in diameter. The pillars are 26 meters tall and the longest stake is 12 meters. Cavico opened the first base pillar on April 5, 2006, and projects it will be completed by December 2006.
Please refer to the company’s website at: http://www.cavicovn.com for additional information on the company.
Source:
ENP NewswireCVCP — Cavico Corp.
17011 Beach Blvd.
Suite 1230
Huntington Beach, CA 92647
Website: http://www.cavicovn.com
Phone: 714-843-5456
Fax: 714-843-5451
“Safe-Harbor” Statement
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements regarding potential sales, the success of the company’s business, as well as statements that include the word “believe” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Cavico Corporation to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Cavico Corporation assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when promised, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
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