Spectrum Sciences & Software, Inc., Selected to be on DESP II Team; SSSI Ready to Provide Engineering and Technical Support Under $1.9 Billion Program.FALLS CHURCH, 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 ) today announced that its 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. Spectrum Sciences & Software, Inc. (SSSI SSSI Site of Special Scientific Interest (British Wildlife and Countryside Act 1981) SSSI Site of Special Scientific Interest (under Antarctic Treaty) SSSI Skin and Skin Structure Infection ) was awarded a subcontract by Manufacturing Technology, Inc. (MTI) to be part of its Design & Engineering Support Program (DESP DESP Despacho (Order, Brazil) DESP Design Engineering Support Program (USAF contract) DESP Data Element Standardization Program DESP Deployment Environmental Surveillance Program ) II team. Under the prime contract issued by Hill Air Force Base, the DESP II team is ready to provide engineering and technical services to the U.S. Air Force, Army, and other federal government agencies in support of the following areas: aircraft/air vehicle systems, ground equipment, munitions and missiles, gas and fuel systems, industrial infrastructure, ground systems, environmental research, and space systems. 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, P.E., stated, "SSSI's past performance and delivery of high-quality products and services to the defense sector was the key to being selected for this effort. Our environmental, safety, field engineering, information management, process modeling, and quality-assurance capabilities are among our unique strengths. This contract is another example of the vehicles that we have in place to achieve strategic growth." The MTI team is one of ten teams awarded DESP II indefinite delivery, indefinite quantity (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) contracts. These ten master contracts are scheduled to extend through June 29, 2012, and have a collective ceiling of $1.9 billion. MTI is a subsidiary of MTC mtc - A Modula-2 to C translator. ftp://rusmv1.rus.uni-stuttgart.de/soft/Unixtools/compilerbau/mtc.tar.Z. Technologies, Inc. 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. 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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