China Architectural Engineering Needs Lessons in Disclosure

China Architectural Engineering Inc (CAE) issued an interesting press release Tuesday morning before market open. The headline reads “China Architectural Engineering Expects Significant Gains in Revenues and Earnings for Second Quarter 2008” They then amplify the headline with this header “CAE Expects to Report Highest Quarterly Revenue and Earnings in Company's History”

Excuse me. This is not leading edge best practice investor relations. Basically this company is coming out and saying load up we have fantastic numbers coming out. They are saying this three weeks before the quarter that they are in is actually over. This is not guidance. The SEC should look at this one.