RENO, Nev., March 9, 2007 (PRIME NEWSWIRE) -- eHolding Technologies, Inc. (Pink Sheets:EHDT) reported today that it is in discussions with Cornerstone Energy Efficient Homes (CEEH) to build a 52 home lakeside development in Southern Alabama, utilizing Structural Insulated Panels (SIPs).
The average home in the development will have 2,000 sq. feet of living space, and will retail for approximately $225,000. According to Doug Hamby, CEO of eHolding Technologies, "Assuming a 25% profit margin, for which eHolding Technologies and CEEH would share equally, both companies would realize net income of more than $1,000,000 each."
Hamby noted that SIP technology is attracting increased market interest. While overall real estate construction is down more than 10%, the use of SIPs by builders has realized a 20% gain in the past year. Moreover, damaged homes can be rebuilt using SIPs technology with both time and cost savings, as well as more economical heating and cooling costs.
About eHolding Technologies, Inc.
eHolding Technologies, Inc. (Pink Sheets:EHDT) plans to supply contractors and builders with Structurally Insulated Panels (SIPs) to be used as building components for residential and light commercial applications. SIP structures can withstand hurricane winds of 200 mph, and absorb earthquakes in excess of 5.0 points on the Richter scale. The company is focusing its development efforts in the Gulf region due to the numerous natural disasters that occur year after year.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors, could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.