ADDING MULTIMEDIA China Architectural Engineering Names Seasoned Former Banker Bert Grisel as New CFO

Business Wire, Oct 29, 2008

CAEI has worked with world-renowned architects and building engineers from China and other countries and has completed nearly one hundred large, complex and unique projects throughout China, Australia & Southeast Asia, including numerous award-winning landmark buildings in many of Asia's major cities. It is now looking to capitalize on its industry-leading expertise to expand aggressively beyond China into some of the hottest construction markets in the world, such as Middle East, Central Asia and Eastern Europe. It also plans to set up operations in New York to expand in the U.S. and Canadian markets. For further information on China Architectural Engineering, please visit www.caebuilding.com.

Forward-Looking Statements: Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results for reasons described from time to time in the Company's public filings. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events.