InvestSource, Inc.: Alternative Construction Technologies Enters Supplier Agreement

Sep 12, 2008 (M2 PRESSWIRE via COMTEX) -- STRL | Quote | Chart | News | PowerRating -- Stocks in the News: Alternative Construction Technologies, Inc. (OTCBB: ACCY), EMCOR Group, Inc. (NYSE: EME), Sterling Construction Company, Inc. (NASDAQ: STRL), Cavico Corp. (OTCBB: CVIC)

Sep 11, 2008 -- Alternative Construction Technologies, Inc. (OTCBB: ACCY | Quote | Chart | News | PowerRating) announced today that it has entered into an exclusive supplier agreement with Alvarez Construction Group, Inc. of Florida. Alvarez Construction Group is an emerging developer and an "on-site" builder of 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' ACTech(r) 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(r) 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."

Sep 11, 2008 -- EMCOR Group, Inc. (NYSE: EME), a Fortune 500 leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its EMCOR Government Services (EGS) unit has been awarded a contract by the U.S. Department of Homeland Security to provide facilities maintenance services to the U.S. Coast Guard's Training Center (TRACEN) in Yorktown, Virginia. This base is the largest training center in the U.S. Coast Guard, annually training over 50 percent of all Coast Guard active, reserve, auxiliary and international personnel, as well as other local, state and federal employees. The contract, which is EGS' first one with the U.S. Department of Homeland Security, will begin on October 1, 2008 with a base year and the option of extension for four successive one-year periods. EMCOR Government Services will provide facilities maintenance, custodial, grounds and other services for TRACEN Yorktown. Based on ISO 9000-certified processes, and incorporating EMCOR360 Energy Solutions--a cost-reducing energy management product--the management approach that EGS undertakes will play a critical role in delivering TRACEN Yorktown an enhanced facilities program. EGS and its principal subcontractors will employ approximately 40 individuals to perform this contract. "We are excited to have been chosen to support the U.S. Coast Guard as it continues to rapidly evolve to meet new challenges and play an increasingly vital role in Homeland Security," said Michael Shelton, President, EMCOR Government Services. "We appreciate the confidence that TRACEN Yorktown has shown in EMCOR Government Services; we look forward to implementing our management program that we believe matches the U.S. Coast Guard's vision of excellence."

Sep 11, 2008 -- Sterling Construction Company, Inc. (NASDAQ: STRL | Quote | Chart | News | PowerRating) today announced that its subsidiary, Road and Highway Builders of California, Inc., was the apparent low bidder on a $48.2 million construction project for the California Department of Transportation. The project entails the complete reconstruction, including concrete paving, of a 5.3 mile highway going west from the California/Nevada state line and is on a fast-tracked, double-shift schedule to begin in early spring 2009. Patrick Manning, Chairman and CEO, commented, "This project represents our first win in the State of California, a market we have been targeting since the RHB acquisition late last year and in which we intend to pursue additional opportunities. The size of this job and the anticipated construction schedule should have a favorable impact on our 2009 financial results."

Sep 11, 2008 -- Cavico Corp. (OTCBB: CVIC), a leading infrastructure development company in Vietnam, today announced that Cavico Bridge and Underground Construction JSC, a majority owned subsidiary of Cavico, has signed a Memorandum of Understanding with KoKen Boring Machine Co., Ltd on August 11, 2008 to supply workers to the Nam Bak hydropower plant in Lao People's Democratic Republic. According to the terms of the MOU, from February 2011 Cavico Bridge will supply a total of 164 workers, including four engineers, four foremen, eight grouting recorders, sixteen drilling operators, twenty grouting operators, and 112 general workers. The contract is expected to last for two years. KoKen and Cavico Bridge are working on further details, including the value of the contract and the scope of work. "We are happy to announce our MOU with KoKen. This is Cavico Bridge's second international contract. We have already sent a group of 250 workers including engineers and highly skilled workers to Algeria for the Eastwest Highway project. The main contractor, Consortium Japonais Pour l'Autoroute Algerienne, has communicated its appreciation for our continued dedication and high quality work," commented Mr. Phuc Minh Pham, president of Cavico Bridge. "We are highly impressed with Cavico's reputation in the field of hydropower construction and we have great confidence in their ability to execute and manage projects. We are pleased to work with Cavico as our strategic partner on the Nam Bak hydropower plant and hope to work with them on future projects," commented Mr. Satoshi Ikimori, CEO of KoKen.

Market Wrap for September 11th, 2008

Trading has been marked by uncertainty during recent sessions and Thursday was no exception. The uncertainty prompted the major indices to open sharply lower as jittery traders fretted over financial stocks and a lack of leadership. Financials were down more than 4% in the early going as participants placed heavy selling pressure on investment banks and brokerages (-4.6%). Investors pushed the group aside amid continued concerns regarding the future of Lehman Brothers (LEH 4.22, -3.03). Shares of LEH were downgraded this morning by a few Wall Street firms. However, word from The Wall Street Journal that Bank of America (BAC 33.06, +0.66) is in talks to buy Lehman prompted a last minute upward push in the sector. Though the financial sector spent most of the session facing losses, it was able to close 1.7% higher. Most of the session was marked by a lack of convincing leadership, which led to choppy trading. Still, the stock market turned an early loss of 1.7% into a 1.5% gain. All ten of the economic sectors opened lower, but nine managed to finish with a gain as the late financial rally pulled just about everything higher into the close. Stocks also seemed to move more independently of oil prices during the session. Crude futures spent virtually the entire session in the red, extending their downturn, slipping more than 1.5% to close below $101 per barrel. Crude has not been below the $100 mark in over five months. The decline in oil prices helped oil and gas refiners (+8.3%). Refiners are benefiting from wider crack spreads, effectively the difference between prices paid for crude and the prices charged for consumable fuels, as well as tighter supplies as they take their operations offline amid hurricane threats. Uninspiring economic data gave investors little incentive to move into stocks in the early-going. Initial jobless claims for the week ended Sept. 6 declined 6,000 to 445,000. Claims were slightly ahead of the consensus estimate. Meanwhile, continuing claims rose by more than 100,000 to 3.525 million from the prior week, reflecting a softening labor market. Meanwhile, the July trade deficit widened $62.2 billion from the prior month, surpassing the $58.0 billion deficit that was widely expected. The trade deficit figures received little attention, though the trend in the real (price adjusted) trade deficit continues to suggest they will support third quarter.

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