InvestorsHub Logo
Followers 18
Posts 1509
Boards Moderated 0
Alias Born 08/11/2004

Re: ghcnj post# 313

Thursday, 04/16/2009 10:35:59 AM

Thursday, April 16, 2009 10:35:59 AM

Post# of 642
Some more news today


RCC HOLDINGS, CORP. ("RCC") (Pink Sheets: RCCH) continues it effort to be totally green.

Referencing its strategic plan, RCC management will be attending meetings this week on technologies including solar power, alternative fuels, and hydrogen fuel cells. These meetings will investigate the state of these technologies and how far particular efforts are from commercialization. As companies and technologies become suitable vis-à-vis the RCC strategic plan, efforts will be made by RCC to pursue relationships with selected companies.

Operationally, senior management will be visiting Idaho and Montana the week of April 20. Marketing and sales setup will occur relative to its green housing ventures, as well as new potential customer visits for its RCC/IWS subsidiary. Two projects in the Caribbean are in the pre-proposal phase, gathering information about the magnitude of the task that RCC/IWS would have in each. Each project is substantial in terms of potential future revenues and takes advantage of the RCC/IWS technology and business contacts in that region. It is expected that an initial project outline letter will be submitted, no later than the week of April 20, to proper officials on one of the projects that RCC/IWS will act as a subsidiary supplier on. That phased project would involve a development in excess of 1,000 new homes and would be part of a public/private business relationship, if accepted.

Discussions have occurred with an agency of the US Government, setting up the possibility of payment guarantees with potential international projects. RCC feels it is important when operating in developing countries, that solid payment structures are in place when business is undertaken. With management experience in international projects and the need for the United States to increase its business thrust overseas, the company feels that this is an ideal time break into new territories, solidified by proper payment guarantees and international banking relationships.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.