Accelerated Building Concepts Announces Contract for Modular Field House Unit


MELBOURNE, Fla., May 21, 2008 (PRIME NEWSWIRE) -- Accelerated Building Concepts Corporation (OTCBB:ABCC) a provider in the design, manufacturing, and construction services for modular and component building facilities, announced today the contract award of an athletic field house facility for the Hernando County School Board in the amount of $264,000.

Joe Sorci, CEO and Chairman, stated, "Our clients are beginning to see many more uses for our products and the flexibility of our designs." Mr. Sorci further stated, "Our modular products are not limited to a square box, nor are they trailers, but instead they are truly modular segments of high quality construction that are assembled into full functioning facilities." Under terms of the Agreement, the facility is scheduled for accelerated completion in the first part of July 2008, a determining factor and underlying basis for current and future growth.

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.



            

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