China Advanced (NASDAQ:CADC)

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All CFO Trail Comments & Business Outlook Deal Flow Financial Target Agreements GeoSpecial Notes Going Private News Investor Alert Liquidity Requirements

Friday, October 29, 2010

"Securing over $10 million in low-interest debt financing enables China ACM to continue to capitalize on growing opportunities in China infrastructure," said Jeremy Goodwin, China ACM President and Chief Financial Officer. "As is customary practice for corporate loans of this nature in China, we anticipate renewing these loans annually following annual anniversary payback and renewal. Combined with growing cash flow and a strong balance sheet, we are well positioned for accelerated growth and financial performance."

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