Message #22 From:
NewsBot Date: November 17, 2005 02:30:00 AM
SPSC News Spectrum Sciences & Software Holdings Corp. Establishes Advisory Board of Industry Leaders
FALLS CHURCH, Va.--(BUSINESS WIRE)--Nov. 17, 2005--Spectrum Sciences & Software Holdings Corp. (OTCBB:SPSC) announced today that it has formed a Corporate Advisory Board of distinguished business leaders with high-level government and industry experience to provide advice and insight on the company's strategic direction.
"The knowledge and experience of this group is truly impressive," said Spectrum Holdings' President and Chief Executive Officer Darryl K. Horne in announcing the formation of the Advisory Board and the appointment of its first three members: Michael J. Bayer, Christopher D. Brady, and Gregory L. Frank.
Michael J. Bayer currently is a consultant engaged in enterprise strategic planning and mergers and acquisitions. His positions in the federal government included Associate Deputy Secretary of Commerce under Malcolm Baldrige, Counselor to President Bush's Commission on Aviation Security and Terrorism, and Federal Inspector for the Alaska Natural Gas Transportation System. He has served on many boards within the Department of Defense, including the Defense Science Board, and was Chairman of the U.S. Army Science Board from 1998 to 2002.
Christopher D. Brady is the founding partner and Chairman of The Chart Group, a merchant banking firm that sponsors alternative investments and provides senior-level advice and capital access to corporate clients. With over 25 years of experience in private equity, corporate finance and capital markets, Mr. Brady focuses on identifying and building portfolio companies through his extensive industry relationships and perspective. Mr. Brady is a director of Bitrage, NWGH, EOTech and several other companies.
Gregory L. Frank is executive vice president of Battelle Science & Technology International (BSTI), the global commercial and government segment of Battelle Memorial Institute. Under his leadership, more than 5,000 scientists, engineers, and supporting staff are developing products and solving problems for federal, state, and local governments and for commercial and international businesses. BSTI generates about $800 million in revenue per year. Mr. Frank has served on the Board of National Defense Industrial Association (NDIA) and on the Defense Science Board.
"Spectrum Holdings is indeed fortunate to have the counsel of such an outstanding group of individuals," Mr. Horne said. "Mike Bayer, Chris Brady, and Greg Frank will help us leverage their relationships so we can identify and better position ourselves to capitalize on opportunities that are aligned with Spectrum Holdings' growth strategy."
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 currently has more than 350 employees within its family of subsidiaries, which include Horne Engineering Services, http://www.horne.com/, Spectrum Sciences & Software, Inc., http://www.specsci.com, M&M Engineering, http://www.mmeng.net, and Coast Engine and Equipment Company (CEECO).
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.
