Cavico Appoints Philip Bolles as New Independent Director

HANOI, Vietnam--(Business Wire)--
Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based
in Vietnam, announced todaythat its Board of Directors at the Company`s Board
meeting held on November 13, 2009, has appointed Mr. Philip C. Bolles to the
Board of Directors as an Independent Board member. Mr. Bolles will serve on the
Audit and Compensation Committees.

Currently, Mr. Bolles is a Managing Consultant at Global Commercial Strategies
Group, based in San Diego, California. From April 2007 through January 2008, he
also served as Chief Financial Officer of Retail Pro, Inc., a retail software
company based La Jolla, California. From 1989 to 1992, he was Executive Director
and Chief Financial Officer for William R. Kennedy & Associates, a consultant
firm which provided consultant services to international clients. He holds a
Bachelor of Science degree in Accounting, with Honors from the University of San
Diego.

"Philip brings more than forty years of financial experience to his new
appointment to Cavico`s Board. His understanding of accounting and finance, as
well as consultant services to international companies will greatly benefit
Cavico and I believe he will make positive contributions in his new role,"
commented Mr. Ha Quang Bui, chairman and chief executive officer of Cavico Corp.

About Cavico Corp.

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 3,000 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 full-time, part-time, and
seasonal workers. 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 obtain the necessary financing to continue and expand
operations, to market its construction servicesin new markets and to offer
construction services at competitive pricing, the Company`s ability to complete
projects in the time frame specified; anticipated revenue from the projects 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.

Cavico Corp.
Timothy Pham, +1-714-843-5456
Vice President and Director
cavicohq@cavico.us
or
Grayling
+1-646-284-9400
Investor Relations
Trúc Nguyen, Managing Director (ext. 418)
truc.nguyen@us.grayling.com
or
Christopher Chu, Director (ext. 426)
christopher.chu@us.grayling.com
or
Media Relations
Ivette Almeida, Managing Director (ext. 455)
ivette.almeida@us.grayling.com

Copyright Business Wire 2009