LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- 09/07/2006 -- Cavico Corporation (PINKSHEETS: CVCP), a Vietnamese 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, announced today that as of July 2006 it had generated US $4.3 million of the US $7 million goal it has set for 2006 from the Nui Beo coal mine project. Cavico has a 15-year contract, which is renewable every 5 years, to provide services for the Nui Beo project. Gross revenues to Cavico from the execution of the project contract are estimated at US $35-$40 million during 2005-2009, after which the contract will be renewed if the company deems that the contract will still yield satisfactory income.

The Nui Beo coal mine project is owned by Vietnam Coal Corporation and is located in Quang Ninh province, just northeast of Hanoi. The project has a total coal reserve of more than 36 million tons with a capacity of 1.2 million tons per year, yielding a life expectancy of 25 years for the project.

The mine has been in operation since 1990, but due to a lack of earth removal equipment between 1990 and the year 2000, only about 3 million tons of coal has been excavated. In 2000, Cavico signed a long-term contract of 15 years to provide mining services supporting coal extraction, with average annual quantities of 60,000 meters (length) of drilling at a diameter of 20 centimeters; 3.5 million cubic meters of earth mucking and 20 million tons of earth hauling removal.

Cavico has placed a professional management staff and skilled operators at the Nui Beo project to oversee its contract operations. Cavico has also been investing in this project through the acquisition and use of the most modern heavy mining equipment, including the Drilltech D245S, Wheel Loaders (CAT 992C), Excavator (CAT 375), Off-high way Dump Truck (CAT773B) and Bulldozer (D10).

In 2000, Cavico received $400,000 from servicing this project, but in 2005 it received $6.5 million. Last year Cavico completed 78,000 meters length of drilling, 4 million cubic meters of earth mucking and 29 million tons of earth hauling. Also, Cavico assisted in increasing last year's production from Nui Beo by up to 3.2 million tons of clean coal, yielding total coal extraction of 13 million tons.

About Cavico Corporation

Cavico (www.cavicocorp.com), founded in 2000, is a major infrastructure construction, infrastructure investment, and natural resources conglomerate headquartered in Hanoi, Vietnam. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, 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 often include top multi-national corporations as well as government organizations. The company currently employs more than 3,000 people.

A profile for investors can be accessed at http://www.hawkassociates.com/cvcpprofile.aspx.

For investor relations questions regarding Cavico, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. Investors can also contact Mark Moline at (760) 458-4899, e-mail: mark@cinapsys.com.

"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 and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.