Cavico Corp. Forms New Subsidiary, Cavico Mineral Exploitation JSC.

The Newly Formed Subsidiary Will Focus on Mine Exploration and Exploitation in Southeast Asia, including Vietnam and Laos

LOS ANGELES & HANOI, Vietnam -- Cavico Corp. today announced it has formed a new subsidiary, Cavico Mineral Exploitation JSC. The new subsidiary, which will focus on mine exploration and exploitation in Vietnam, Laos and other countries in Southeast Asia, was formed through a direct investment and is wholly owned by two Cavico subsidiaries, Cavico Bridge and Tunnel and Cavico Hydropower.

Vice President of Cavico Corporation, Hai Thanh Tran, said, "Cavico has clearly benefited from Vietnam's rapid development, as it has become an industry leader in developing energy and hydropower infrastructure. The company has begun to explore other areas of urban infrastructure construction, from the creation of industrial hubs to the leasing of aircrafts for import, export and tourism. Cavico is 'always growing,' and we see the potential of the mineral exploration and exploitation industry, which is in high demand. We believe our newest subsidiary will diversify Cavico Corp. even further, bringing greater returns for our shareholders."

Cavico Mineral Exploitation JSC will begin exploring for Carbonate Canxi, also known as white minerals, on 20 hectares (approximately 49 acres) of land in the Nghe An province of Vietnam. It was issued permit number 1741/GP-BTNMT by the Vietnam Ministry of Natural Resources and Environment on November 5.

Cavico Corporation's stock is not currently traded. The company has submitted its Form 10 containing financials to the United States Securities and Exchange Commission ("SEC"). Once the SEC completes its review process of the Form 10, Cavico will file a Form 15c-211, through an NASD member firm, with the view of having Cavico's common stock listed on the Over-the-Counter Bulletin Board. In order to obtain information about the company and news updates, investors may visit the company website, http://www.cavicocorp.com or its investor relations website at http://www.hawkassociates.com/cvcpprofile.aspx.

About Cavico Corp.

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. The company also joined with other domestic investment partners in forming an aircraft leasing company. 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.

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

For investor relations questions, contact Frank Hawkins or Julie Marshall, Hawk Associates, at 305-451-1888, e-mail: [e-mail], or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To receive free e-mail notification of future releases for this company, sign up at http://www.hawkassociates.com/email.aspx.

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.