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Re: Oshemae post# 660

Friday, 04/04/2008 6:45:11 AM

Friday, April 04, 2008 6:45:11 AM

Post# of 1453
Here is more in the company's own words...

April 1, 2008

Horne International Files Form 12b-25 and Provides Updates on Current Initiatives

Horne International, Inc. (OTCBB:HNIN) filed a Form 12b-25 with the U.S. Securities and Exchange Commission on March 31, 2008. As disclosed in the filing, the company was unable to file its Annual Report on Form 10-K for the year ended December 30, 2007, in a timely manner and expects to file the Form 10-K by April 14, 2008. The company is actively seeking additional financing for working capital. This financing may include financing from affiliates of the company, as well as an accounts receivable financing facility from Wells Fargo Bank.

The company’s proposed acquisition of Amata, Inc., is pending satisfaction of closing conditions contained in the acquisition purchase agreement. The Board of Directors has authorized the company to provide up to $71,000 in further working capital for Amata and expects the transaction to close in the second quarter of 2008. If completed, Horne International expects the Amata acquisition will make significant cash flow and profitability contributions to Horne International’s operations in 2008 and beyond.

Horne International continues to make strides in the areas of business development and operating cost controls. Horne International is continuing its development of the “Horne Green Market Strategy,” is currently executing on plans to diversify its contract base by entering the commercial market, and upon a successful completion of the Amata acquisition, expects to pursue an accretive acquisition strategy.

“While our cash position has led management to actively pursue financing to address near-term liquidity concerns, we remain optimistic that our strategy to attain profitability in the near future is on track,” said Darryl K. Horne, Chairman and Chief Executive Officer of Horne International. “I plan to elaborate in an upcoming shareholder communication on our strategy for a burgeoning and exciting ‘Green Market’ business, our focus on high-probability contracts within the Horne Engineering Services unit and our acquisition strategy.”

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