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Press Release Source: Spectrum Sciences & Software Holdings Corp.


Spectrum Sciences Management Comments on Market Activity
Thursday April 29, 7:03 am ET
President Comments on Recent Stock Activity and Price


FORT WALTON BEACH, Fla., April 29 /PRNewswire-FirstCall/ -- Spectrum Sciences & Software Holdings Corp. (OTC Bulletin Board: SPSC - News) today commented, on the recent run-up in price and surge of volume in its stock.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031209/FLTU018LOGO )
William Ham, Spectrum's CEO and President commented, "We are surprised at the large increase in volume of shares traded and the subsequent increase in share price. We are unaware of any specific reason why such a significant increase in the share price or volume would occur at this time."

Mr. Ham concluded, "Finally, as we noted in recent releases, the management and board of directors are committed to not only intrinsic growth, but also growth through strategic acquisitions. Those acquisitions may require significant financing, resulting in potential dilution of the company's stock."

About Spectrum Sciences & Software Holdings Corp.

Spectrum Sciences & Software Holdings Corp. is dedicated to providing innovative, dependable and cost-effective products and services to a broad range of government customers and is headquartered in Fort Walton Beach, Florida. Founded in 1982, the company currently has over 130 employees. Primary markets include engineering services, operation, maintenance, information technology and manufacturing. Spectrum provides and maintains Software Model Development and Safety Footprint Development to the United States Air Force, the United States Army, the United States Navy and many of our allied nations. Spectrum also operates and manages the largest air-to-ground bombing range in the United States, located in Gila Bend, Arizona. The Information Technology Division provides a full range of IT services including web site development and hosting, software development and GIS services. The company's manufacturing division is ISO 9001/2000-qualified and provides a broad array of services for both commercial and Department of Defense customers. The company has, or has had, contracts with the United States Air Force, including the Air Combat Command (ACC), the Air Force Reserve Command (AFRC); the Air Force Special Operations Command (AFSOC); the Air National Guard (ANG); the Department of Navy, including United States Navy (USN); United States Marine Corps (USMC); the Royal Australian Air Force (RAAF); the Royal Air Force (RAF) and the German Air Force (GAF). To find out more about Spectrum, visit our website at www.specsci.com.

Cautionary Statement

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.