MELBOURNE, Fla., May 6, 2008 (PRIME NEWSWIRE) -- Alternative Construction Technologies, Inc. (OTCBB:ACCY) announced today that Modular Structure Systems, Inc., Modular Space Systems, LLC and MOD 5, et al (MSS), has entered into a definitive agreement selecting Alternative Construction Technologies, Inc. and the ACTech(r) Panel system as its sole source of structural insulated panel products and the primary source of its building materials. The agreement calls for MSS to use the ACTech(r) Panel as its only product of choice wherever structural insulated panel (SIP) products are used. On a minimum basis, this includes specifying the material for 80% of the work MSS performs.
Modular Space Systems has provided custom solutions for modular construction needs to commercial and governmental enterprise for over 10 years. MSS offers a complete range of scalable temporary, semi-permanent, and permanent building facilities deliverable almost anywhere in the world. MSS products and services include the production and installation of security booths, in-plant wall systems, modular buildings, modular complexes, pre-engineered steel buildings, fabric structures and more. MSS has a wide range of governmental relationships and contract vehicles including the GSA (General Services Administration) schedules and 8(a) set asides. MSS can provide government customers with exactly what they want and make it easy for their contracting offices to procure. MSS has recently developed a new line of products branded as MOD 5. MOD 5 is an innovative new system of sustainable modular construction that can also be outfitted to include renewable energy and novel water generation and conservation technologies further increasing building sustainability.
"The use of the ACTech(r) Panel system is the perfect progression for our Company and customers," stated MSS President and Owner, Tom Idell. "With this building material, we can meet the green building mandates of federal and state governments, qualifying standards of green building certifiers and Clean-Tech protocols and the rapidly growing demands of conscientious consumers while improving every aspect of occupancy. It will make our products even more scalable and versatile."
"We are beginning to see very interesting applications of our SIP technology in innovative combinations to meet growing market opportunities," stated the Company's COO, A.J. Francel. "We think we are just seeing the beginnings of a developing trend."
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 structure 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 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, 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.