MELBOURNE, Fla., Feb. 26, 2008 (PRIME NEWSWIRE) -- Accelerated Building Concepts Corporation (OTCBB:ABCC), a provider in the design, manufacturing and construction services for modular and component building facilities utilizing concrete and steel and structural insulated panels structures, today announced the authorization by Gulfstream Aerospace Corporation, a subsidiary of General Dynamics Corporation (NYSE:GD), for its contract budget of $1.4 million for the building and leasing of modular buildings to house the Engineering Department for the development of Flight Test Equipment and Flight Test Instruments to be used in the newest version of the world renowned Gulfstream jet aircraft.
Joe Sorci, CEO and Chairman, stated: "Gulfstream Aerospace Corporation selected ABCC because they are a quality-driven organization. We intend to grow this opportunity into a long-term beneficial relationship and exceed both entities' goals and values." Under terms of the Agreement, the two facilities are scheduled for delivery in May 2008.
Accelerated Building Concepts Corporation (ABCC) provides design, manufacturing and construction services for modular and component building facilities utilizing concrete and steel and structural insulated panels (SIPs) for use by commercial, educational clients and other government agencies. The Department of Community Affairs (DCA) governs the manufacturing of the Company's products. Additionally, our products meet federal and state regulations for classrooms as well as other government agencies.
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.