ZHUHAI, China and NEW YORK, Oct.
25 /PRNewswire-Asia-FirstCall/ -- China Architectural
Engineering, Inc. (Nasdaq: CAEI or the Company), a self-developer
of online games and a provider of high-end building envelope
architectural systems, today announced that its subsidiary Shanghai
ConnGame Network Ltd. ("ConnGame"), will conduct the fourth closed
beta testing ("CB4") of its first massively multi-player online
role-playing game ("MMORPG") "Warring States" on November 5, 2010.
"Warring States" is a realistic MMORPG based on China's iconic characters and nostalgic
epochs, which features meticulously accurate recreations of
historically popular heroes and warlords set in dramatic backdrops
and varied according to the four seasons. Packed with attractive
graphics highlighting China's
ancient architecture and cultural elements, the stunning visual
effects of "Warring States" offer an immersive and spectacular game
experience.
Mr. Alan Leung, CEO of China
Architectural Engineering, commented, "With our robust game engines
and innovative development teams, CAE is strategically positioned
to capture significant opportunities in China's large and rapidly growing online game
market. 'Warring States' is the first to launch commercially in the
near future among all three games that we are currently developing,
as we place greater corporate focus on the attractive online gaming
segment."
"Warring States" CB4 incorporates numerous feedback and
suggestions gathered from three previously completed closed beta
testing. The Company estimates that thousands of top players will
participate in the CB4. Before the start of the CB4, the Company
will unveil a new version of the official website for "Warring
States", and after the completion of the CB4, "Warring States" is
expected to be commercially launched to the public.
Mr. Leung continued, "Through the CB4, we aim to collect and
analyze servers and clients' data, in order to stress test load
stability of "Warring States" in a realistic, massive game play
environment. We will also proactively harvest feedback and
suggestions from the top players to further fine tune "Warring
States" game play and content standards, as well as, to prepare for
the upcoming non-restrictive open registration testing and
commercial launch. Based on the success of our three previous
closed beta tests and the players' favorable impressions, CB4 is
another milestone in our methodical march towards the eventual
commercial launch of "Warring States". At this point in its
development cycle, the ConnGame management team is confident that
"Warring States" will become a commercial hit, which will drive
CAE's future revenues and profits, and ultimately create greater
shareholder value."
About China Architectural Engineering
China Architectural Engineering, Inc. is a self-developer of
online games and provider of high-end building envelope
architectural systems. Through its subsidiary, Shanghai ConnGame
Network, the Company leverages its innovative game engines,
scalable development platforms, and accomplished production teams
to develop and operate MMORPGs, focusing on China's historic themes. The Company also
provides design, engineering, fabrication and installation services
of high-end curtain wall systems, roofing systems, steel
construction systems, and eco-energy systems.
For further information on China Architectural Engineering,
Inc., please visit http://www.caebuilding.com.
Forward-Looking Statements
In addition to historical information, the statements set forth
above may include forward-looking statements that may involve risk
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Actual
results could differ materially from the expectations contained in
forward-looking statements as a result of risks and uncertainties,
including, but not limited to, difficulties in moving into the
online gaming market; the Company's ability to integrate the
management, personnel and operations of the Company and ConnGame;
required Company payments under the waiver agreement and ability to
maintain the conditions of the bondholder waiver and dilution from
the potential adjustment to the conversion price of the bonds for
non-compliance with the waiver; the Company's ability to accurately
estimate and control contract costs and timelines; the Company's
ability to timely complete and meet performance standards;
identification and remediation of the Company's deficiencies and
weaknesses in its internal controls over financial reporting,
potential claims or litigation that may result from the occurrence
of restatements, ability to identify and secure debt, equity,
and/or other financing required to continue the operations of the
Company; reduction or reversal of the Company's recorded revenue or
profits due to "percentage of completion" method of accounting and
expenses; increasing provisions for bad debt related to the
Company's accounts receivable; fluctuation and unpredictability of
costs related to our products and services; adverse capital and
credit market conditions; expenses and costs associated with its
convertible bonds, regulatory approval requirements and competitive
conditions; and various other matters, many of which are beyond our
control. These and other factors that may result in differences are
discussed in greater detail in the Company's reports and other
filings with the Securities and Exchange Commission.
For more
information, please contact:
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Investor
Contact:
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ICR:
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Michael
Tieu
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Tel:
+86-10-6599-7960
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Email:
michael.tieu@icrinc.com
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Bill
Zima
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Tel:
+1-203-682-8200
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Email:
bill.zima@icrinc.com
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SOURCE China Architectural Engineering, Inc.
Copyright . 25 PR Newswire