China Architectural Engineering, Inc. (CAE) (AMEX:RCH), a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, today reported that its backlog for 2008 currently stands at approximately $106.3 million. The backlog figure consists of 17 separate domestic and international contracts. Of that amount, the Company said it expects to book approximately $80.3 million in new revenue in 2008 based on contracted projects not yet started as of December 31, 2007, with additional revenue of approximately $26 million from projects already underway. Ken Yi Luo, China Architectural Engineering�s Chairman and CEO, commented, �Our current backlog, the highest ever reported by CAE, is one indication that 2008 should be a banner year. It is especially worth noting that the growth in orders is being propelled by a sharp rise in orders from outside China. This shows that the Company�s strategy of seeking growth with aggressive expansion beyond its core market is bearing fruit.� CAE said the increase was due primarily to rapid growth in overseas orders. Of the 2008 backlog, 36% consists of orders for projects outside CAE�s home market of China. This is a substantial increase in such orders from the fourth quarter of 2007, when they comprised about 21% of the expected revenue total. CAE views backlog as an important statistic in evaluating its level of sales activity and short-term sales trends in its business. It also cautions that backlog is only one indicator and not the most effective indicator of the ultimate profitability of its revenues. To be added to China Architectural Engineering's investor lists, please contact Haris Tajyar at htajyar@irintl.com or at 818-382-9702. About China Architectural Engineering, Inc. China Architectural Engineering, Inc. (AMEX:RCH), which began operations in 1992, specializes in the design, engineering and installation of high-end specialty curtain wall systems, including glass curtain walls, stone curtain walls, metal curtain walls, roofing systems, and related products, for public works projects and commercial real estate. CAE has designed and installed nearly one hundred projects throughout China, including the National Grand Theater, Exhibition Conservatory of Beijing Botanical Garden, The COSCO Tower at Changlian Avenue Beijing, and the Wumen Exhibition Hall in Beijing�s Forbidden City, and a number of commercial structures in Southeast Asia. For further information on China Architectural Engineering please visit www.caebuilding.com. Forward Looking Statements: In addition to historical information, the statements set forth above include forward-looking statements that may involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the Company�s dependence on government contracts, changes in the laws of the PRC that affect the Company�s operations, fluctuation and unpredictability of costs related to the Company�s products and services,�the Company�s dependence on the steel and aluminum markets, reduction or reversal of the Company�s recorded revenue or profits due to �percentage of completion" method of accounting and expenses and costs associated with the issuance of convertible bonds. The forward-looking statements are also identified through use of the words �believe,� �enable,� �may,� �will,� �could,� �intends,� �estimate,� �anticipate,� �plan,� �predict,� �probable,� �potential,� �possible,� �should,� �continue,� and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors, including regulatory approval requirements and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company�s reports and other filings with the Securities and Exchange Commission.
China Architectural Engineering, (AMEX:RCH)
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