ORLANDO, Fla., March 25, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., today announced it has issued a fourth quarter 2007 research update for Alternative Construction Technologies, Inc. (OTCBB:ACCY), a leader in the production of structural insulated panel systems (SIPs) used in the construction of institutional, residential, and commercial buildings.
Matt Kantrowitz, MBA, RedChip Research Analyst, reported:
"Alternative Construction Technologies, Inc. produces energy-efficient building solutions, from design through construction, using the Company's patented building technology -- the ACTech(r) panel system. As governments implement 'green' mandates and corporations seek to reduce their carbon footprint, demand for ACCY's building technology will strengthen. However, a correction in the housing market, a leading indicator of commercial construction, and the tightening of states' fiscal budgets are discouraging vulnerabilities for any construction company, even a profitable and growing 'green' company."
"For the last 2.5 years, ACCY has focused on revenue generation and growth as well as diversifying its markets. By and large the Company has accomplished these goals. The Company's reorganization in 2006 and acquisition plan that was implemented in 2007 have proved fruitful, turning a $2 million loss in 2006 into a $1.6 million profit in 2007," Kantrowitz continued.
"We are revising our investment rating on the stock of Alternative Construction Technologies, Inc. from Buy to Speculative Buy and issuing a 12-month target price of $9.30," he concluded.
To receive a complimentary copy of the RedChip Visibility Third Quarter Research Report for Alternative Construction Technologies Inc., please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=94&from=03252008news
To learn more about Alternative Construction Technologies, visit http://www.visualwebcaster.com/REDCHIP/45650/event.html to view the company's webcast presentation, delivered at RedChip's Small-Cap Investor conference in Scottsdale, Arizona, Feb. 7, 2008.
To hear the RedChip Real Radio broadcast interviews featuring Alternative Construction Technologies, visit http://www.redchip.com/visibility/Radio/radioMain.asp.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. Dedicated to "Discovering Tomorrow's Blue Chips Today"(tm), RedChip delivers concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV(tm) and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
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DISCLOSURE:
Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. None of the profiles issued by RedChip Companies, Inc. constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. RedChip Visibility, a division of RedChip Companies, Inc., was paid $36,000 by Alternative Construction Technologies, Inc. to prepare this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.