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Cavico Announces Audited Financial Results For The Year Ended, December 31, 2009

Cavico Corp. (“Cavico”) (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced its audited financial results for the fiscal year ended December 31, 2009. Total revenue for the year ended December 31, 2009 increased by $9.2 million, or 17.6% to $61.1 million from $51.9 million in the year ended December 31, 2008.

Twelve Months Fiscal 2009 Revenues

Twelve Months Ended
December, 31
        2009       2008       % Change
Civil Construction $52,575,960       $47,501,672 10.7%
Commercial Activities       $8,514,762       $4,435,264       92.0%
Total Revenues $61,090,722 $51,936,936 17.6%

These financial results do not include the consolidation of Cavico Mining and Construction JCS (“Cavico Mining”), which will be consolidated for the first quarter of 2010, as a result of the consummation of the purchase by Cavico of a controlling interest in Cavico Mining. Cavico Mining had $9.0 million in revenues in both 2009 and 2008.

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