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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (15514)2/23/2006 9:45:52 AM
From: JoeinIowa  Respond to of 23958
 
SPSC,

News out today driving the price. Maybe averaging down will pay off in the end. For the last two months I was starting to have some doubts.

Horne Engineering Receives Contract Extension for Iraq Reconstruction Procurement Services
Thursday February 23, 8:00 am ET
Project Could Gross Up to $10 Million in 2006

FALLS CHURCH, Va.--(BUSINESS WIRE)--Feb. 23, 2006--Spectrum Sciences & Software Holdings Corp. (OTCBB: SPSC - News) 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 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 Spectrum Holdings' President and CEO Darryl K. Horne, "This subcontract extension with Bechtel could realize as much as $10 million in gross revenue during the first half of 2006."