China Advanced Construction Materials Group, Inc. Completes Reverse Merger with Xin Ao Construction Materials, Inc.



NEW YORK and BEIJING, May 6 /PRNewswire-FirstCall/—China Advanced
Construction Materials Group, Inc. (formerly TJS Wood Flooring,
Inc.)("China ACM") (OTC Bulletin Board: TJSW) today announced it has
completed a reverse merger with Xin Ao Construction Materials, Inc. ("Xin
Ao") effective April 29, 2008. In connection with the transaction, Xin Ao
shareholders received approximately 11,500,000 newly issued shares of China
ACM, or approximately 90.79% of the issued and outstanding shares of common
stock. Pursuant to the transaction, Xin Ao became a wholly owned subsidiary
of China ACM. Following the transaction there are 12,666,667 shares of
common stock issued and outstanding as of May 2, 2008. On April 30, 2008,
the company filed an amendment to its Certificate of Incorporation changing
its name to China Advanced Construction Materials Group, Inc. The company
will continue to trade on the OTC Bulletin Board and has requested a new
trading symbol to reflect the reverse merger and name change.

Xin Ao, founded in 2002 and based in Beijing, China, is a leading
producer of advanced construction materials for large scale commercial,
residential, and infrastructure developments. The company is primarily
focused on producing and supplying a wide range of advanced ready-mix
concrete materials for highly technical, large scale, and environmental
construction projects. The company also aims to develop and produce new and
innovative environmentally conscious construction materials.

For the fiscal year ended June 30, 2007, Xin Ao generated audited
revenue of approximately $21.1 million USD, an increase of approximately 22
percent compared to $17.3 million USD in fiscal year 2006, with
corresponding net income of approximately $3.9 million USD and $2.6 million
USD, respectively. For the six months ended December 31, 2007, Xin Ao
generated unaudited revenue of approximately $13.1 million USD, an increase
of approximately 29 percent compared to $10.1 million USD for the six
months ended December 31, 2006, with corresponding unaudited net income of
approximately $2.5 million USD and $1.5 million USD, respectively. The
company expects to report unaudited cash and cash equivalents of over $3.5
million and total shareholders’ equity of approximately $12 million as of
March 31, 2008, subject to exchange rate adjustments. Moore Stephens Wurth
Frazer and Torbet, LLP serve as Xin Ao’s auditors.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, “We are
excited to enter the U.S. capital markets by way of a reverse merger, which
we believe will enable us to accelerate our growth strategy and provide
greater transparency for our investors. Since founding the company in 2002,
we have experienced exceptional organic growth, due to strong demand for
our advanced ready-mix concrete materials. We believe this demand will
continue to accelerate given the tremendous growth potential in China’s
construction industry coupled with the government’s determination to ban
onsite concrete production. China is currently the largest consumer of
cement in the world with over 1.3 billion tons of concrete consumed per
year. Moreover, China is projected to account for close to half of the
global cement consumption by 2010.”

“We believe we are well positioned to capture a meaningful share of the
growing market for ready-mix concrete in China for several reasons. First,
we have assembled a top-notch management team with a proven track record in
the material sciences and construction industries, best illustrated by our
five-year track record of consistent growth and sustained profitability.
Second, our concrete technology is at the forefront of the industry due to
our strategic relationship with Beijing Dong Fang Jian Yu Institute of
Concrete Science & Technology, which provides us exclusive access to the
latest material science and technology from the premier concrete research
and development facility in China. We also have strong relationships with
Tsinghua University and Xi’an University of Architecture and Technology.
The resulting technologies and strategic relationships have set us apart
from the competition and have allowed us to participate in a broad range of
projects including large inter-province express railways, bridges, tunnels,
skyscrapers, dams, and nuclear reactor infrastructure projects.”

“Our sales strategy encompasses leveraging our existing relationships
as well as participation in major construction projects through long-term
cooperative relationships with some of China’s top construction companies
as well as leading architectural and engineering firms. Our sales
representatives are actively building relationships within both mainland
China, as well as targeted projects outside the country.” Recent
high-profile projects for the company have included: CCTV (China Central TV
station) new broadcasting site; Beijing-Tianjin Intercity Rail/Beijing
South Railway Station; Beijing Olympic Park Conference Center; Financial
Street F2 Office Building; DongGuan Bridge Project; MaJuQiao Residential
Project; and the new U.S. Embassy Project in Beijing.