Horne Engineering Receives Contract Extension for Iraq Reconstruction Procurement Services; Project Could Gross Up to $10 Million in 2006.FALLS CHURCH Falls Church, independent city (1990 pop. 9,578), NE Va., a residential suburb of Washington, D.C.; inc. as a town 1875, as a city 1948. There is diverse light manufacturing, including telecommunications equipment. , Va. -- Spectrum Sciences & Software Holdings Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SPSC SPSC School of Police Staff and Command SPSC Standard Products and Services Codes SPSC Statistical Project Schedule Control SPSC St. Petersburg Shuffleboard Club (Florida, USA) SPSC Service Problem Solving Conference ) announced today that Horne Engineering Services' subcontract with Bechtel National, Inc., supporting the reconstruction of Iraq's power infrastructure has been extended to June 30, 2006. Horne Engineering is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Spectrum Holdings. This project, under Bechtel's contract with the U.S. Agency for International Development, includes the purchasing of large quantities of engineered equipment, materials, and supplies. Horne Engineering's team handles much of this procurement in response to requirements identified by Bechtel. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Spectrum Holdings' President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Darryl K. Horne, "This subcontract extension with Bechtel could realize as much as $10 million in gross revenue during the first half of 2006." About Spectrum Sciences & Software Holdings Corp. Spectrum Sciences & Software Holdings Corp. is a technology and technical engineering solutions company focused on three primary target markets -- national security, energy & environment, and transportation -- with an emphasis on homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States . The company's business offerings encompass management services, procurement, manufacturing, science and engineering, and information technology. The company's family of subsidiaries includes Horne Engineering Services, Spectrum Sciences & Software, Inc., M&M Engineering, and Coast Engine and Equipment Company. More information can be found at http://www.spectrumholdingscorp.com. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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