Harbinger Research Initiates Coverage of China Advanced Construction Materials Group

NEW YORK and BEIJING, Oct. 30 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (OTC Bulletin Board: CADC.OB), a leading provider of ready-mix concrete in China, today announced that Harbinger Research, LLC, an independent research firm, initiated research coverage on the company.

The coverage initiation report provides a description of China ACM's business, industry, products, strategy, management team, financial statements, and investment opportunities and risks. The report contains an investment rating and 12-month price target, and is available free of charge at Harbinger's website: http://www.harbingerresearch.com/link/16/246/CADC.

Harbinger Research was contracted by the Company to prepare the research report for the purpose of informing both institutional and individual investors of the investment potential of the Company. The price targets, financial projections and other opinions contained in the report are strictly those of the analyst and not of China Advanced Construction Materials Group.

About Harbinger Research, LLC

Harbinger Research (www.harbingerresearch.com) is a New York-based independent equity research firm that provides insightful, in-depth equity research coverage to smaller U.S. traded companies and the individuals and institutions that invest in them.

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure 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 environmentally conscious construction materials.

China ACM provides materials and services through its eight ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases three plants and has technical services and preferred procurement agreements with four other independently-owned plants. 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 www.china-acm.com.

    Contact:
    Crescendo Communications, LLC
    David Waldman or Klea Theoharis
    Tel: (212) 671-1020
    Email: cadc@crescendo-ir.com
    Web: http://www.china-acm.com

SOURCE China Advanced Construction Materials Group, Inc.