MELBOURNE, Fla., Jan. 2, 2008 (PRIME NEWSWIRE) -- Alternative Construction Technologies Inc. (OTCBB:ACCY) and Alternative Construction Consulting Services, Inc., a subsidiary of 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 on November 10, 2007, ACCY, and its subsidiary, entered into a Joint Venture Agreement with Atlan International Holdings, Inc. (ATLAN), for the development of a solar panel. Solar 18 ACTech Panel, Inc. was formed on January 2, 2008, to facilitate the future activities of the joint venture. The Company received a $2 million fee for establishing the right of development of a solar panel utilizing the technology of the ACTech(r) Panel System. The Solar 18 ACTech Panel is projected to be delivered in the second or third quarter of 2008.
Michael W. Hawkins, CEO and Chairman of Alternative Construction Technologies, commented on the recent developments: "The ACTech(r) Panel is the most energy efficiency SIP in the market today. With the inclusion of the Solar 18 technology, not only will we be able to conserve energy, but we will be able to produce solar energy to further reduce the economic impact of the housing carbon footprint, the largest use of energy in the world. The resulting product will be more desirable to our customers as we continue our efforts to maximize the 'green' impact for the sake of our environment."
Henry Val, ATLAN CEO, stated, "We are simply following in the footsteps of industrial giants such as GE, ExxonMobil, BP, Shell, Sharp, Siemens, and others who have made significant investments in wind, solar, bio-fuel, and hydrogen alternatives. Escalating energy prices, political instability in the Middle East, concerns about the impacts of global warming, and clear public support for energy alternatives have all contributed to renewable energy becoming one of the most rapidly growing sectors of the global economy. Completing this transaction will allow Atlan to concentrate its efforts on the execution of our business plan."
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.
About Alternative Construction Consulting Services, Inc.
Alternative Construction Consulting Services, Inc. (ACCS) provides guidance, direction, oversight, and assistance to governments, commercial builders, and residential developers of energy efficient and "Green Market" technologies to be utilized in the development of building solutions. ACCS promotes the use of environmentally friendly, energy efficient products to meet the global demand for infrastructure needs and solutions.
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.