The Board of Directors of RCC Holdings Corp. (Pink Sheets:RCCH) announces that it is gathering information to complete its application to an internationally based exchange. The Board cites management recommendations that the chosen exchange is better suited to future company and shareholder growth, and should give RCC broader acceptance in worldwide capital markets. Further information and estimated cutover dates to the new exchange will be provided no later than third quarter, 2008 after documentation is completed. The Board has directed that the transfer occur as soon as possible.

CEO of RCC Holdings Corp. (www.RCCHoldings.com) will continue to update the investment community through press releases and the company's Web site.