wildbillcudasbottom fisherclub

[wildbill]

wchg 12/19/06Watercolor Holdings, Inc. f/k/a United Specialties, Inc. Announces New Agreements
Watercolor Holdings, Inc., a publicly held Colorado corporation f/k/a United Specialties, Inc. (PINKSHEETS: WCHG), announced today that it has entered into two agreements to aid in its development of operating businesses at multiple locations for renewable energy sources.

Watercolor has entered into an Agreement with Plasma Arc Consultants, Inc., led by Dr. Louis Circeo, to help in its plasma gasification project. Plasma systems and its off gases are utilized in the production of BioFuels. Dr. Circeo is the Principal Research Scientist in Safety, Health and Environmental Technology Division at the Georgia Tech Research Institute and he established the Plasma Application Research Facility at Georgia Tech in 1990.

Watercolor has also entered into an Agreement with Aristos Partners, LLC for the preparation of a business plan and financial projections (Pro forma) for the project development and construction of plants for the conversion of waste materials into energy products for the commercial market. It is expected that Aristos will complete their work in the next sixty (60) days.

Watercolor expects to be making future announcements about additional alliances along with corporate and management structure.