Timios National Corporation (fka HOMS)

[GeorgeTheStub]

In reviewing January 20, 2011 press release the first contract will have a ceiling of $25 million and will be made up of numerous designated "tasks" - the project is set up for a five-year timetable. This is a single award contract, SEC does not have to bid against anyone else as the designated tasks are ordered. The second contract referenced appears to me to be poorly worded - but SEC has been APPROVED as one of the twelve eligible companies to bid for cleanup projects whose value can reach an estimated $926 million over the next five years. The fact that SEC has already procured a single-award $25 million dollar contract bodes well for their ability to successfully bid on a reasonable share of the $926 million in anticipated future contracts. GLTA