MELBOURNE, Fla., Dec. 20, 2007 (PRIME NEWSWIRE) -- Alternative Construction Technologies Inc. (OTCBB:ACCY), a leader in the production of structural insulated panel systems (SIPs) used in the construction of government, residential, and commercial buildings, today announced that John Wittler, CPA, has been named Interim Chief Financial Officer. Mr. Wittler replaces former Interim CFO Bruce Harmon, who was named as a Director to fill a vacancy and Chairman of the Company's Audit Committee.
Michael W. Hawkins, CEO and Chairman of Alternative Construction Technologies, commented on the recent developments: "Bruce is a Founder of the Company and has been a valuable member of management since 2004. He was a primary member of the team that successfully brought our Company public in 2006."
"With Bruce's knowledge of the Company and his financial expertise, the Company determined that his continued involvement would provide beneficial guidance as we continue our growth," he added.
Mr. Wittler brings over twenty-six years of financial management, audit and consulting experience to the Company. For the past three and a half years, Mr. Wittler was a senior manager with the international consulting firm of Control Solutions International, where he managed and performed engagements for Sarbanes-Oxley 404 compliance, internal audits and Quality Assessment Reviews for medium and large publicly held companies. From 1999 through 2002, Mr. Wittler was a project management consultant for UPS Supply Chain Solutions, where he was responsible for the design and implementation of global, integrated financial systems. Prior to 1999, Mr. Wittler has served as CFO or controller for several manufacturing companies and was Audit Manager with Ernst & Young. He holds a Bachelor of Science Degree in Accounting from Ball State University.
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies, Inc. (ACCY) possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state-of-the-art buildings in commercial, residential, industrial and modular building applications. Generically known as structural insulated panels (SIPs), ACCY's revolutionary and efficient construction solution utilizes an inherently better galvanized steel "skin" SIP system to complete energy-efficient, stronger, safer, faster, and more economical structure than conventional wood- and brick-based building products. The patented ACTech(r) SIP system is environmentally friendly and easier to construct with -- not only saving labor cost and cutting construction time but also reducing recurring monthly heating and cooling energy bills by 30-50% and often more. Most importantly, the ACTech(r) panel system possesses disaster tolerant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech(r) Panel System has proved to meet or surpass the most stringent wind, projectile and uplift codes in the nation levied by the 2006 Florida Building Code. The ACTech(r) Panel System offers builders and consumers many competitive and comparative advantages of use due to its wide range of attributes. As this new construction technology gains awareness or hurricane- and tornado-prone states establish new building codes and rebuild from recent weather disasters, ACCY believes its products will be in greater demand.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.