RCC Holdings Corp fka RCCH

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RCC Holdings Corp. CEO Announces Projected Revenues

RCC Holdings Corp. CEO Announces Projected Revenues

First quarter results, 2008, for RCC Holdings Corp. show substantial improvements in original sales projections. Total RCC projected revenues for projects obtained in the first quarter are projected at $5,041,000 to $7,041,000 spread across 2008 and 2009. Profit margins are expected to exceed 50%.

RCC's business plan had projected $7,000,000 in sales for calendar year 2008, but has revised this upward to $12,000,000 based on first quarter results. Second year business plan projections were estimated at $14,000,000, and have been upgraded to $22,000,000 since some of the first quarter business is expected to lead to local business expansion in subsequent years.

The company continues to look for acquisitions that will either provide more management strength to the organization or add complementary products and services to its already existing company portfolio. Because of the environmental concerns of commercial developers and emerging economies around the world, consistent double-digit growth is expected from its International Wastewater Systems ("IWS") subsidiary. Its slogan "Wastewater Solutions for the Green Developer" leads the marketing, which will be shown in more detail in the Eye on America segment it will be filming in late April for showing in June. With the ability to handle both small and large developers through new relationships, possibilities for larger systems and larger revenues exist.

Summary: RCC projects first quarter sales of $5,041,000 to $7,041,000, upgrading full year sales estimates to $12,000,000 from $7,000,000 and upgrading 2009 full year projections to $22,000,000 from $14,000,000.

When using financial estimates in press releases, it is RCC policy to use conservative estimates.