China Architectural Engineering Appoints New Vice President of Finance

September 29, 2009 8:30 AM EDT

ZHUHAI, China and NEW YORK, Sept. 29 /PRNewswire-Asia/ -- China Architectural Engineering, Inc. ("CAE" or the "Company") (Nasdaq: CAEI), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced that Mr. Gene Michael Bennett has joined the Company as Vice President of Finance. In this role, Mr. Bennett will be helping to strengthen the Company's internal controls and its finance department.

Mr. Bennett has over 30 years of diverse experience in finance, auditing and CFO services. He has lived in China for four years and is fully familiar with both US and China GAAP, International Accounting Standards, internal control issues, SOX404 compliance and numerous other aspects about doing business in China. He was CPA-certified in Colorado and had taught accounting and audit at Chapman University and California State University at Fullerton. Most recently, Mr. Bennett served as CEO of American General Business Association, a Beijing-based company that provides business consulting services such as IPO, funding and cross-border transaction assistance, among others. Prior to that, he was Partner at Nexis Investment Consulting Corporation and ProCFO, helping Chinese companies establish good corporate governance and/or serving as an interim CFO for numerous companies in the US. He is currently the Audit Committee Chair on the Board of Directors of three US-listed Chinese companies: China AgriTech Group, Inc., China Shenzhou Mining & Resources, Inc. and China Pharma Holdings, Inc. Mr. Bennett received his BA in accounting and MBA in finance from Michigan State University and is currently working on a thesis on corporate governance for a Doctorate from the City University of Hong Kong.

Ken Yi Luo, Chairman and Chief Executive Officer of China Architectural Engineering commented, "We are delighted to welcome Gene to our team. His broad capital market experience and deep understanding of GAAP, both in China and the US, will greatly help us to strengthen our finance department. We look forward to his contributions as we continue to fulfill our vision of becoming the leader in China's fast growing real estate and construction industry."

About China Architectural Engineering

China Architectural Engineering, Inc. (NASDAQ: CAEI) is a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, roofing systems, steel construction systems, and eco-energy systems. Founded in 1992, CAEI has maintained its market leadership by providing timely, high-quality, reliable, fully integrated, and cost-effective solutions. Collaborating with world-renowned architects and building engineers, the Company has successfully completed nearly one hundred large, complex and unique projects worldwide, including numerous award-winning landmarks across Asia's major cities.

For further information on China Architectural Engineering, Inc., please visit http://www.caebuilding.com .

Forward-Looking Statements

In addition to historical information, the statements set forth above may 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. Actual results could differ materially from the expectations contained in forward-looking statements as a result of risks and uncertainties, including, but not limited to, conditions being met for the closing of the Securities Purchase Agreement such as shareholder approval, adverse capital and credit market conditions, the vulnerability of the Company's business to a general economic downturn in China and globally; 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 its convertible bonds, 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.

    For more information, please contact:

    Investor Contact:
    ICR:
     Michael Tieu
     Tel:   +86-10-6599-7960
     Email: michael.tieu@icrinc.com

     Bill Zima
     Tel:   +1-203-682-8200
     Email: bill.zima@icrinc.com

SOURCE China Architectural Engineering, Inc.

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