MELBOURNE, Fla., May 6, 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 that it has entered into an agreement with Tradesmen International, a local staffing service that specializes in the temporary workforce of skilled labor positions.
Joe Sorci, CEO and Chairman, stated: "During the third quarter of 2007, ABCC reduced its construction staff and the respective overhead to conserve its cash while protecting the Company's bottom line. Now, with ABCC's increased contracts in the educational facility market, it will be utilizing the resources of the specialized staffing company on a temporary basis while continuing to minimize its overhead. ABCC maintains adequate staffing for key positions. Working with a staffing company that specializes in the construction arena is the best strategy to meet our customer demands while not requiring us to add on additional liability and expenses. We continue to see an upturn in work and look forward to a long relationship with our staffing company."
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.