Message #25 From:
NewsBot Date: December 15, 2005 03:00:00 AM
SPSC News Horne Engineering Asked To Extend Support To Army's Regional Environmental Offices; Award of Option Year Takes Company into Second Decade of Support to Program
FALLS CHURCH, Va.--(BUSINESS WIRE)--Dec. 15, 2005--Spectrum Sciences & Software Holdings Corp. (OTCBB:SPSC) announced today that its wholly owned subsidiary, Horne Engineering Services, LLC, has been awarded the third option year on its contract to provide technical, managerial, and administrative support to the U.S. Army's Northern, Southern, and Western Regional Environmental Offices (REOs). The value of the option year, which extends Horne Engineering's support to December 8, 2006, is approximately $1.5 million.
The REOs serve as a bridge between the Department of Defense and regional, state, local, and tribal agencies, installations and commands by coordinating, communicating, and facilitating regional environmental issues and activities of interest to the Army. All work performed at the REOs reflects the Army's commitment to strike an appropriate balance between military readiness and environmental stewardship.
Horne Engineering has supported the REOs since they were established in 1995. The company's REO support staff track and report on federal and state environmental legislation and regulations of interest to the Army and Department of Defense; analyze potential impacts of proposed state laws, regulations, and other environmental activities; prepare and produce monthly regional reviews and the quarterly REO newsletter; represent their offices on various technical groups, commissions, and regional partnerships; and plan and coordinate meetings and conferences. The three REOs are located in Edgewood, Maryland; Atlanta, Georgia; and Denver, Colorado.
Exercise of the third option year brings the total contract value to date to $6.4 million. One more option year is available under the current contract.
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.
