Press Releases RCC Holdings Corp. (Pink Sheets: RCCH) Signs Letter of Intent to Acquire Power House Energy Solutions, Inc.
RCC Holdings Corp.RCC Holdings Corp. (Pink Sheets: RCCH) Signs Letter of Intent to Acquire Power House Energy Solutions, Inc. RCC Holdings Corp.
Tarpon Springs, Florida, MD Int'l Incubator-MI2 (Washington DC) June 22, 2011 – RCC Holdings Corp. (PINK SHEETS: RCCH)(http://www.RCCHoldings.com) is pleased to announce it has signed a Letter of Intent for the acquisition of Power House Energy Solutions, Inc. Closing is contingent on satisfactory due diligence.
“We look forward to a mutually productive relationship with Power House Energy Solutions, Inc. We will create and share innumerable energy solutions that we trust will become reciprocally foundational with our natural energy source affiliates,” said Gene Newton, Chairman of RCC. “In addition to the existing resource technologies and capabilities of RCCH, the merger will provide a springboard for its commercially viable wind tunnel and solar power technologies with a practical and intellectual basis of proprietary advancements for combustion engines and electrical motors.”
Power House’s primary activities will involve the production of electrical energy via the combustion engine and its operations, maintenance, refurbishment, new equipment sales, power sales, delivery and installation of mobile electrical power plants manufactured byPower House, as well as the development of a dual-fuel stand alone unit(s) with state of the art monitoring and the highest available reliability. The combined technologies of PHES and RCCH are designed to create, conserve and preserve resources in the delivery of electrical power through the basic, most prevalent devices of the combustion engine and electrical motors; bridging the gap into greener technologies and renewable power.
RCC Holdings, Corp. (Pink Sheets: RCCH) through acquisitions offers consulting, financing and overall business structure in the public and private equity sectors. RCC Holdings, Corp. specializes in finding undervalued small cap and microcap companies with exciting products, services or technology that are poised for explosive growth. RCC Holdings Corp. provides these companies with guidance and strategic counseling to help them succeed.
Website URL: http://powerhouseenergy.us/
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Information in this news release may contain statements about future expectations, plans, prospects or performance of RCC Holdings Corp. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. RCC Holdings Corp. cautions you that any forward-looking information provided by or on behalf of RCC Holdings Corp. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. RCC Holdings Corp.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond RCC Holdings Corp.'s control. In addition to those discussed in RCC Holdings Corp.'s press releases, public filings, and statements by RCC Holdings Corp.'s management, including, but not limited to, RCC Holdings Corp.'s estimate of the sufficiency of its existing capital resources, RCC Holdings Corp.'s ability to raise additional capital to fund future operations, RCC Holdings Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match RCC Holdings Corp.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. RCC Holdings Corp. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.