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Press Release Source: Spectrum Sciences & Software Holdings Corp.
M & M Engineering Begins Work on New $700,000 Cdn. Contract for the White Rose Development Project
Wednesday June 1, 7:45 am ET
Add on Contract Awarded for Husky Energy/Petro Canada Off-Shore Platform
FORT WALTON BEACH, Fla.--(BUSINESS WIRE)--June 1, 2005--Spectrum Sciences & Software Holdings Corp. (OTCBB:SPSC - News), announced today that its wholly-owned subsidiary, M & M Engineering, has been begun work on a new contract for the fabrication and transportation of six rigid spools for installation on the White Rose Oil production platform, contract value is in excess of $700,000 (cdn) and all work is expected to be completed within 3 months. Stated John Brake, CEO of M & M Engineering, "We are pleased to receive additional work on the White Rose Oil Project, no doubt our past performance in the development of the Platform directly contributed to this contract win."
Husky Energy is developing the White Rose Project in conjunction with their partner Petro Canada. Technip Offshore Canada Ltd. has been contracted to engineer, procure, construct and install all subsea elements, and has subcontracted this part of the overall scope of work to M & M Engineering.
About Spectrum Sciences & Software Holdings Corp.
Spectrum Sciences & Software Holdings Corp. is a growth-oriented, customer-focused company that provides an integrated suite of manufacturing, technology, and technical engineering services. The company currently has more than 350 employees within its family of subsidiaries which include Horne Engineering, horne.com, Spectrum Sciences & Software, Inc., specsci.com, M&M Engineering, mmeng.net, and Coast Engine and Equipment Company (CEECO).
More information about Spectrum Sciences & Software Holdings Corp. can be found at spectrumholdingscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act 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.
Contact:
Spectrum Sciences & Software Holdings Corp.,
Fort Walton Beach
Investor Relations
Steve Cook, 800-368-5278 ext. 44
steve.cook@specsci.com
Source: Spectrum Sciences & Software Holdings Corp. |
