Sep 11, 2008
Alternative Construction Technologies Signs Exclusive Supplier Agreement
For Immediate Release:
Alternative Construction Technologies Signs Exclusive
Supplier Agreement for its ACTech® Structural Insulated Panels
With Alvarez
Construction Group of Florida
Alvarez Construction to Build Energy Efficient and
Disaster Resistant SHIP Homes, Affordable Housing and Low Cost Communities for
Elderly and Retirees on Fixed Budgets
Melbourne, FL, Thursday, September
11, 2008, Alternative Construction Technologies, Inc. (OTCBB: ACCY)
announced today that it has entered into an exclusive supplier agreement with Alvarez
Construction Group, Inc. of Florida.
Alvarez Construction Group (ACG) is an emerging developer and an “on-site”
builder of SHIP (State Housing
Initiative Partnership) homes, “custom” affordable housing and low cost
communities for elderly and retirees on fixed budgets. ACG is a design
build firm that can also provide custom commercial and/or residential general
contractor services, subcontractor services or developer services. Alvarez
Construction Group has contracted to use the Alternative Construction
Technologies’ (ACT) ACTech® Panel system exclusively as its structural wall and
roof components in all of its non-lumber and non-block construction jobs.
Joint marketing efforts will address
many of the challenges faced by governments and consumers with various types of
“affordable” housing needs in the Northern and Eastern coastal regions of Florida
where potential severe weather phenomena and daily or seasonal vacillations in
temperature exist. The resulting benefits are that those who are forced to live
under difficult budgetary constraints can enjoy confidence in the safety and
security of their dwelling while also realizing significant monthly savings in
utility, maintenance, and insurance expenses. Alvarez Construction Group aims
to provide energy efficient and weather resilient buildings that are Class-1
fire rated and present excellent energy efficiency that often result in up to
70% less in monthly energy expenses. The constructed homes are expected to
receive LEED (Leadership in Energy and Environmental Design), Florida Green
Building Coalition, EnergyStar and/ or Florida BuildSmart certifications and
may also provide eligibility for certain property insurance discounts of
between 12-70% in Florida.
Alvarez Construction Group is a growing
company in the state of Florida
licensed to provide development services, underground work, and general
contracting. Alvarez Construction will also offer its buildings in combination with
solar and other sustainable technology options.
Mike Alvarez, CEO for Alvarez
Construction stated, “In seeking to be compliant with FEMA projectile testing
and provide superior energy efficiency ratings, we believe that Alvarez
Construction’s ambition and expertise together with the ACTech® Structural
Insulated Panel System will offer an unprecedented building solution for the
elderly and those in need of affordable housing. If we go beyond the disaster
and energy efficient capabilities and offer renewable energy and water
technologies, we feel we can provide state-of-the-art occupancy in affordable
and sustainable buildings for the budget minded.”
“Alvarez Construction supports
our belief that the market is moving towards lower cost green building and
sustainable construction solutions,” commented A.J. Francel, Chief Executive
Officer for Alternative Construction Technologies, Mr. Francel further added,
“We expect that this will be the first of many partnerships designed to achieve
that goal.”
Alternative
Construction Technologies, Inc. (ACT) possesses a unique and patented construction
technology called the ACTech® Panel System that is used in the design and
erection of state-of-the-art “green” buildings in commercial, residential,
industrial, military, pre-engineered and modular building applications, as well
as patented safe rooms. Generically known as structural insulated panel (SIP),
ACT’s revolutionary and efficient construction solution utilizes an inherently
better “next generation”, galvanized steel “skin” SIP system to complete energy
efficient, stronger, safer, faster, Class-1 fire rated and more economical
structures than conventional wood and brick based building products or first
generation SIP products. The patented ACTech® 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%. Very
importantly, the ACTech® Panel possesses disaster resistant strength and has
tested stronger than conventional concrete block or wood frame construction. In
combination with FEMA compliant hurricane projectile tests, the ACTech® Panel
continues to meet the most stringent wind, projectile and uplift codes in the
nation levied by the 2006 Florida Building Code. The ACTech® Panel System
offers builders and consumers many competitive and comparative advantages of
use due to its wide range of attributes. As severe weather phenomenon continues
to intensify, needs for more energy efficient buildings amplify, 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 ancillary services,
including design, consulting and construction through its various general
contracting subsidiaries. When specifying the ACTech® Panel System as the
“green” structural building material into any construction application, it is
most probable that a LEED (Leadership in Energy & Environmental Design),
Florida Green Building Coalition, FP&L (NYSE: FPL) BuildSmart and/or Energy
Star rating will be readily achieved.
State
Housing Initiative Program (SHIP): This program is designed to provide financial
assistance to very-low, low and moderate income applicants/households to
acquire their first home that will be used as their principal place of residence.
Financial assistance will be provided in the form of a mortgage which is due
upon sale, transfer or conveyance of the property. If the loan conditions are
not violated at the end of 30 years, the loan is forgiven. The State’s fiscal
year for the SHIP Program begins on July 1, 2008 and it ends June 30, 2009.
SHIP funding makes homeownership affordable for prospective very-low, low and
moderate income first time home buyers. Funds may be used as gap financing to
buy down purchase price, rehabilitate existing property (expending no more
than $5,000) and/or closing costs.
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.
ACT Contact: A.J. Francel
800-859-8813
Email: aj.francel@actechpanel.com
Website: www.actechpanel.com
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