SHANGRI-LA CONSTRUCTION WINS PRESTIGIOUS AIRPORTS COUNCIL INTERNATIONAL ? NORTH AMERICA?S (ACI-NA) 2009 ENVIRONMENTAL ACHIEVEMENT AWARD

-Shangri-La Construction Hangar 25 at Bob Hope Airport Receives Nod for World?s First Aviation Facility Certified Platinum by the U.S. Green Building Council?s Leadership in Energy and Environmental Design (LEED®) Program-

LOS ANGELES, August 26, 2009 -- Shangri-La Construction, the leader in cost-conscious sustainable construction, announced today its first project, Hangar 25 located at Bob Hope Airport in Burbank, California, was selected a winner of the Airports Council International ? North America (ACI-NA) 2009 Environmental Achievement Awards.

The ACI-NA recognized Hanger 25 and the Bob Hope Airport in the Environmental Management Award Category because of its distinction as the world?s first LEED (Leadership in Energy and Environmental Design) Platinum certified aviation facility. Hangar 25?s key features that ensured LEED?s highest certification include a solar-powered roof system that supplies at least 110% (and often double) of all necessary power needs, including clean powering of aircraft auxiliary power units (APUs) in use while aircraft are on the ground, electric tow and maintenance vehicles and office operations.

?The ACI-NA Environmental Achievement Awards recognized Hangar 25 as an example for the industry, going above and beyond regulatory compliance standards to protect and preserve the environment,? said Jessica Steinhilber, Senior Director of Environmental Affairs, ACI-NA. ?The 2009 winners demonstrate outstanding qualities that illustrate the mission of this award.?

Shangri-La built the revolutionary hangar in conjunction with Avjet Corporation, a worldwide private aviation company that established Hangar 25 as its headquarters for large aircraft operations. Hangar 25 helps Avjet reduce major costs and carbon challenges related to its ground operations by reducing jet fuel consumption, utilizing electric tow and maintenance vehicles instead of traditional internal combustion-powered versions, and diminishing operational electricity usage.

?Hangar 25 sets a true example for aviation and other industries that sustainable construction can be good for the environment and a company?s bottom line with lower operational costs when implemented correctly,? said Andy Meyers, CEO, Shangri-La Construction. ?Shangri-La Construction will continue to use these innovative green practices as we complete additional projects in aviation and other industries for our clients, all for costs comparable to traditional construction.?

?When Avjet and Shangri-La first approached the Airport Authority about this project, we were very excited at the prospect of having such an innovative facility at Bob Hope Airport,? said Authority President Joyce Streator. ?It exemplifies the Airport?s commitment to sustainability over the long term while adding to the diversity of the business base of the Airport and our community.?

Additional sustainable innovations that helped the facility earn Platinum certification include a HI-FOG water-based fire suppression system, evaporative coolers and fans to manage temperature control, low-emitting materials and furnishings, low water plumbing fixtures and landscaping featuring native desert plants and no-mow, no-water SYNLawnTM grass, and daylight harvesting through strategic design including a diamond-polished concrete floor that reflects light and does not use toxic sealants that require regular reapplication and maintenance.

Winners of the ACI-NA 2009 Environmental Achievement Awards are selected by a three-judge panel based on the project?s environmental benefits, innovation, effective implementation, widespread applicability and cost-effectiveness. Judges for the 2009 Awards Program were Steve Alterman, President of the Cargo Airline Association, Tom Bennett, Environmental Specialist at the Federal Aviation Administration, and Perry Flint, Editorial Director for Air Transport World. Award winners will be recognized at the ACI-NA?s 18th Annual Conference & Exhibition in Austin, Texas, Oct. 14, 2009, during the Chairman?s Honors Luncheon.

Recently Shangri-La Construction and Avjet helped welcome home Euna Lee, Laura Ling, Former President Bill Clinton and staff from North Korea at Hangar 25. Shangri-La Construction and Avjet combined efforts to provide their respective services to help bring Lee and Ling home swiftly and safely through private donations by the two companies.

About Shangri-La Construction
Shangri-La Construction is a design-build general contractor with an emphasis on cost-conscious sustainable construction. Shangri-La Construction is headquartered in Los Angeles with 2 additional California office locations in Duarte and San Jose and brings proven expertise in and dedication to LEED, construction experience and service commitment. Shangri-La?s exposure to cutting edge green building developments has shaped their conviction that sustainable design and construction are achievable at a cost comparable to traditional construction. Shangri-La was built on a simple, yet powerful philosophy??by creating the most sustainable and efficient buildings possible, they add value and maximize returns for partners, clients, investors, and the planet.

About Avjet
Avjet Corporation is a full-service, global aviation company, providing clients with the entire range of aircraft sales, acquisitions, charter and management services, including oversight of completions and refurbishments. Clients of Avjet maximize the many benefits of private aviation while reducing the total cost of operation, experiencing the industry?s highest level of professionalism, safety and comfort. To learn more about the company, visit www.avjet.com.

About ACI-NA
Airports Council International - North America represents local, regional and state governing bodies that own and operate commercial airports in the United States and Canada. ACI-NA member airports enplane more than 95 percent of the domestic and virtually all the international airline passenger and cargo traffic in North America. More than 400 aviation-related businesses are also members of the association, which is the largest of the five worldwide regions of Airports Council International.

Contacts:
Shangri-La Construction
Becca Frucht
(310) 553-7700
bfrucht@shangrila.us

Rogers & Cowan for Shangri-La Construction
Jason Magner/ Sallie Olmsted
(310) 854-8128/ (310) 854-8124
jmagner@rogersandcowan.com