China Architectural Engineering Wins New Contract Worth $3.2 Million

China Architectural Engineering, Inc. CAEI today announced it has been awarded a new contract valued at approximately US$3.2 million and provided business updates on previous contract wins announced on August 16, 2010. CAE has been awarded a new contract by the Overseas Chinese Town Group for their Joy Coast project, with a total value of approximately US$3.2 million. The Joy Coast project is the first large-scale, high-end integrated urban ecotourism project in China.