Alternative Construction Technologies, Inc. Reports 2007 Financial Results
 
Revenues Up 50 Percent, Net Income $1.6 Million

MELBOURNE, FL, February 27, 2008 -- Alternative Construction Technologies, Inc. (OTC BB: ACCY) announced today its summarized audited financial results for 2007. Revenues increased to $13 million, a 50% increase over the prior year. ACCY has exceeded its projected revenue of $10 million in 2007 by 30% or $3 million. Net income was $1.6 million for 2007 compared to a loss of $2.0 million in 2006. The Company’s Basic EPS for 2007 was $0.22. The effects of the outstanding options and warrants, while increasing cash, would reduce Basic EPS by $0.08 per share.  

   
Year Ended
 
   
December 31,
 
   
2007
 
2006
 
           
Sales
 
$
12,960,008
 
$
8,634,349
 
Net Income
 
$
1,603,261
 
$
(2,039,294
)
EBITDA
 
$
2,419,220
 
$
(1,497,169
)
Earnings Per Share - Basic
 
$
0.22
 
$
(0.43
)
               
Sales increase from prior period
 
$
4,325,659
       
               
Sales increase from prior period as a percent
   
50.1
%
     
               
Net Income increase from prior period
 
$
3,642,555
       
               
Net Income as a percent of Sales
   
12.4
%
     
               
EBITDA increase from prior period
 
$
3,916,389
       
               
EBITDA as a percent of Sales
   
18.7
%
     
               
Earnings Per Share (Basic) increase from prior period
 
$
0.65
       
 
John S. Wittler, Interim Chief Financial Officer, stated, “The increase in revenues is a direct result of the strategic acquisitions and the Company’s diversification from a product supplier to a systems provider in 2007. Additionally, the increase in earnings is reflective of manufacturing process improvement initiatives implemented in late 2006 and the strategic acquisitions completed during 2007.”

Alternative Construction Technologies, Inc. (ACCY) possesses a unique and patented construction technology called the ACTech® Panel System that is used in the design and production of state of the art buildings in commercial, residential, industrial and modular building applications. Generically known as structural insulated panels (SIPs), ACCY’s revolutionary and efficient construction solution utilizes an inherently better galvanized steel “skin” SIP system to complete energy efficient, stronger, safer, faster, and more economical structure than conventional wood and brick based building products. The patented ACTech® SIP system 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 by 30-50% and often more.  Most importantly, the ACTech® Panel System possesses disaster tolerant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech® Panel System has proved to meet or surpass the most stringent wind, projectile and uplift codes in the nation including 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 this new construction technology gains awareness or hurricane- and tornado-prone states establish new building codes and rebuild from recent weather disasters, ACCY believes its’ products will be in greater demand.

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.
 
 
 

The following information was filed by Alternative Construction Technologies, Inc. on Thursday, February 28, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Alternative Construction Technologies, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alternative Construction Technologies, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account