Cavico's CEO to Assume the Role of Interim CFO.

LOS ANGELES & HANOI, VIETNAM -- Cavico Corp. ("Cavico" or "the Company") (OTCBB:CVIC), a leading infrastructure development company in Vietnam, today announced that Mr. Edward K. Chi, the Company's chief financial officer has resigned to devote his full time to his personal real estate development projects, effective October 1, 2008. The Company's CEO and chairman, Mr. Ha Quang Bui, will take over as the interim CFO.

"I would like to thank Mr. Edward K. Chi for his contributions to the Company and wish him success in the future. Cavico has a very capable finance team with extraordinary discipline, process controls, and professional management. I will serve as the interim CFO while we continue our search for a highly qualified CFO with extensive experience in the U.S. capital markets. We feel this will in no way impact our ability to file our third quarter financial results within the statutory timeline," said Mr. Ha Quang Bui, CEO and chairman of Cavico.

"I am very grateful to the entire Cavico team and wish the Company success in attaining new heights in the future," said Mr. Edward K. Chi, former CFO of Cavico.

Cavico has initiated a search for a new CFO with a combination of international management experience as well as U.S. capital markets experience, which will help ensure a rapid and seamless transition. Cavico plans to hire a high profile CFO who will further enhance the Company's communication with the investment community.

"I am proud of our accomplishments over the past two years and am very optimistic about Cavico's future. The Company has accomplished accelerated growth as a result of the dedicated focus of our management team, its drive to complete projects on a timely basis, and exceeding client expectations," said Mr. Hung Manh Tran, executive vice president of Cavico. "Cavico is well-positioned as a growing infrastructure development company in Vietnam and has a strong order backlog and strategic plans to expand into real estate development projects. We are confident about Cavico's growth potential and future prospects," Mr. Tran said.

About Cavico Corp. (OTCBB:CVIC)

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports 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 include top multi-national corporations and government organizations. The Company employs more than 3,000 people. For more information, visit http://www.cavicocorp.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to hire a highly qualified CFO, obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned expansions, and predictions and guidance relating to the Company's future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.