MELBOURNE, Fla., March 10, 2008 (PRIME NEWSWIRE) -- Alternative Construction Technologies, Inc. (OTCBB:ACCY) announces the appointments of Jerry Paul and Todd N. Tkachuk to its Board of Directors, increasing the total number of Board Members to six.
Mr. Paul, a nuclear engineer and attorney, formerly served as the elected representative of Florida's 71st district in the Florida House of Representatives where he served as Deputy Majority Whip, chaired the House Subcommittee on Environment Regulation and chaired the House Subcommittee on Environmental Appropriations. He is well-recognized both in Florida and Washington D.C. as a leading voice on energy policy and government's role in energy transformation.
Mr. Paul formerly served as America's Chief Operating Officer and Deputy Administrator of the U.S. National Nuclear Security Administration (NNSA). Appointed by President George W. Bush in February 2004 and confirmed by the U.S. Senate, he was responsible for coordinating all activities of the NNSA at three National Laboratories and five production facilities in the U.S. along with foreign offices in Moscow, Tokyo, Beijing and serving as the senior official at the U.S. Department of Energy mission at the International Atomic Energy Agency (IAEA) United Nations (UN) offices in Vienna, Austria (2004-2006). Mr. Paul holds a Bachelors Degree in Marine Engineering, a Post-Baccalaureate Degree in Nuclear Engineering and a Juris Doctor of Law.
Mr. Tkachuk was a co-founder of Peabody's Coffee, Inc., which owned and operated multiple retail locations and developed a USDA certified product that was distributed to more than 1,000 supermarkets. During his tenure he served as the company's Chief Executive Officer and Chief Financial Officer. Mr. Tkachuk led the company through a share exchange merger and was responsible for all SEC reporting and compliance activities. Recently, Mr. Tkachuk has acted as a private consultant in the areas of public company reorganizations, finance and operations. Mr. Tkachuk holds a B.A. in Business Management from Western Washington University (1984) and will serve as the Audit Committee Chairman.
The Company also announced today that John S. Wittler, CPA, has accepted the position of Chief Financial Officer. Mr. Wittler had been serving as the Company's Interim Chief Financial Officer since December 20, 2007.
Michael W. Hawkins, the Company's Chairman and Chief Executive Officer stated, "The Company continues to attract and appoint well connected and savvy professionals who offer valuable skills and significant contributions to our aggressive growth plans."
Alternative Construction Technologies, Inc. (ACT) possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and erection of state-of-the-art buildings in commercial, residential, industrial and modular building applications, as well as patented safe rooms. Generically known as structural insulated panels (SIPs), ACT'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 structures than conventional wood- and brick-based building products. The patented ACTech(r) Panel 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 consistently by 30-50% and often as much as 70%. Most importantly, the ACTech(r) Panel possesses disaster resistant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech(r) Panel continues to meet the most stringent wind, projectile and uplift codes in the nation levied in Dade County, FL and 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, ACT believes its products will be in greater demand. ACT has recently added complementary services including design, consulting, and construction through its various general contracting subsidiaries.
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.