SAO PAULO, Brazil, Aug. 1 /EMWNews/ -- Company S.A.

(BOVESPA: CPNY3) (COMPANY) announces the following webcast:






    What:     Conference Call of Company S.A.'s Second Quarter 2008 Earnings,

              to be released on August 13, after closing of the Sao Paulo

              Stock Exchange (Bovespa) trading session



    When:     Thursday, August 14, 2008 at 11:00 AM EDT (in English) and 9:00

              AM EDT (in Portuguese)



    Where:    EMWNews.isat.com.br/?palestra_id=375" target="_new">http://EMWNews.isat.com.br/?palestra_id=375 (in English)

              EMWNews.isat.com.br/?palestra_id=374" target="_new">http://EMWNews.isat.com.br/?palestra_id=374 (in Portuguese)



    How:      Live over the Internet -- Simply log on to the links above.



    Conference call dial-in phone numbers:

    Toll-free from the U.S.: (1 888) 700-0802;

    from other countries: (1 786) 924-6977;

    from Brazil: (11) 4688-6301

    For further information, please click on the link below to open

Company's conference call invitation:

http://release.firb.com/company/Call_2Q08.pdf



    Contact: Company S.A.'s Investor Relations Area: +55 11 3704-6516,

[email protected]; or Daniela Ueda from FIRB - Financial Investor Relations

Brasil, + 55 11 3897-6857, [email protected]



    If you are unable to participate during the live webcast, the call will

be archived at http://www.companyri.com.br . To access the replay, click on

Company in the Market / Conference Calls Section.



    Company S.A. (Bovespa: CPNY3) is one of the largest developers and

construction companies of residential and commercial projects in the state

of Sao Paulo. The company builds all of its development projects. The

expertise in the construction process and the integration of the

development and construction activities enable Company to control quality

and deadlines through the process, have improved cost efficiency and better

profit margins -- mostly due to scale economy -- and strengthen its

relationship with suppliers and other developers. Company launched projects

with innovative characteristics and concepts, among which are the

Penthouse, MasterPiece, Family Room, Espaco & Vida and Office Ground.

Company launched in 2007, year in which it celebrated its 25th anniversary,

9,540 units, amount higher than the 8,500 units launched in the previous 24

years of history.