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Cavico Corporation Cooperating With SEC to Resolve Trading Halt of the Company's Stock

Company Says SEC Action Unrelated to Cavico's Operations

Cavico Corporation (PINKSHEETS: CVCP), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, said today that they have retained Sichenzia Ross Friedman Ference LLP to work with the Securities and Exchange Commission to resolve the issues surrounding a halt in the trading of the company's common stock.

On June 13th the SEC announced a two-week suspension in the trading of Cavico Corp.'s common stock because the pre-merger company Laminaire Corp. (n/k/a Cavico Corp.) has not filed the required periodic reports with the Commission. In addition, on June 13th, 2007 the SEC issued a public administrative proceeding against Laminaire Corp. (n/k/a Cavico Corp.) to determine whether the registration of each class of securities should be revoked or suspended for up to 12 months.

Tim Pham, Vice President of Cavico Corp., said, "We are actively reaching out to the SEC to resolve this matter as quickly as possible. To this end we have retained Sichenzia Ross Friedman Ference LLP, to work with the SEC on regaining Cavico's trading status." Pham added, "The company also wishes to emphasize that this matter relates to delinquencies committed by Laminaire Corp. almost eight years ago. The Cavico Corp. merger was transacted only within the last twelve months, and during that time the company has been working diligently to complete its audits, create corporate governance committees and comply with fair disclosure regulations." Pham continued, "Furthermore, it is important for investors to realize that this matter in no way reflects negatively on the operations of Cavico in Vietnam. Cavico's business has not been impacted by this trading halt and the company will continue to operate as it did prior to the halt."

Cavico will continue to provide information to its shareholders through press releases as developments occur. Shareholders are encouraged to contact the company's investor relations and communications representatives at the numbers below with questions or concerns.

Sichenzia Ross Friedman Ference LLP

Sichenzia Ross Friedman Ference LLP provides experienced, professional legal representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF has significant experience representing publicly held companies in all aspects of their business, with a special focus on small to medium-sized public companies. For more information about SRFF, visit http://www.srff.com.

About Cavico Corporation

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 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 people. For more information, visit http://www.cavicocorp.com.

A profile for investors can be accessed at http://www.hawkassociates.com/cvcpprofile.aspx.

For investor relations questions, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. Investors can also contact Mark Moline at (760) 458-4899, e-mail: mark@cinapsys.com. In order to receive free e-mail notification of future releases for this company, sign up at http://www.hawkassociates.com/email.aspx.

Safe-Harbor Statement

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Cavico Corporation to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Cavico Corporation assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.

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