MELBOURNE, Fla., May 14, 2008 (PRIME NEWSWIRE) -- Accelerated Building Concepts Corporation (OTC BB:ABCC.OB - News) a provider in the design, manufacturing, and construction services for modular and component building facilities utilizing concrete and steel and structural insulated panels structures, today announced the contract between New Century Structures, Inc., a subsidiary of ABCC, for Phase I of The Crenshaw School of Performing Arts, Inc (http://www.crenshawschool.com). The contract includes $5.5M for the first of three buildings with the remainder cost associated with site development.

Joe Sorci, CEO and Chairman, stated, ``Currently the design is considered 85% complete. The Company looks forward to starting this upcoming project.''

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.

          Accelerated Building Concepts Corporation
          Gina Bennett 
          321-421-6597
          gina.bennett@acceleratedbuildingconcepts.com
          www.acceleratedbuildingconcepts.com