SOURCE: RCC Holdings, Corp.

September 28, 2007 09:30 ET

RCC/IWS Announces New President

ONTARIO, CA--(Marketwire - September 28, 2007) - RCC Holdings, Corp. (PINKSHEETS: RCCH) announces that the Board of Directors has elected Claude Smith, President of International Wastewater Systems, a sole subsidiary of RCC Holdings, Corp., as the newly appointed President of RCC Holdings, Corp.

Because of the much recent growth and achievements of the company, RCC Holdings Corp. has recently acquired additional support and senior executive management to support the business and plan. Gene Newton, CEO of RCC Holdings, Corp., states, "We are extremely pleased that the Board of Directors has agreed with our recommendations and has approved the new plan." The company is looking forward to welcoming the newly appointed President, and to the much anticipated success of the current acquisitions and projects.

Claude Smith-

Mr. Smith's experience traverses many businesses, progressing to his current major effort in wastewater treatment. After earning his B.S. Degree in Math from LeMoyne College, Syracuse, New York, and receiving his MBA from the University of Kentucky, Lexington, Claude began his career in IBM, New York City as a computer programmer and systems analyst in the 1970s. Following this, he moved to computer sales in IBM's New York City financial district, and subsequently accepted employment at Citibank in New York. At Citibank, he held various jobs including Director of International Communications, and ended with a 3-year tour of duty in London as Vice President of Operations for one of Citibank's largest international retail banking facilities.

On his return to the U.S., he found entrepreneurial activities to be attractive and formed his own telecommunications company partnering with staff from the New York Stock Exchange. From there, the company expanded to servicing banks and financial institutions across the country and business grew in both New York and California. Customers included Master Card, First Interstate Bank, Citibank, Chase, and other smaller banks.

When interstate banking replaced many consulting firms in California in 1991, he moved to Las Vegas and began his career in helping high-potential, technology-driven businesses turn around, moving them from losing or break-even positions to significant and profitable operations. In these efforts to date, he became a partner in and helped create the largest graphics firm in the Casino Gaming Industry, was a partner in and helped create the Casino industry's largest website services company, and is now a partner in a wastewater treatment company, headed for national expansion.

Claude is married and has 3 children. He serves on various Boards in business advisory positions.

About International Wastewater Systems:

International Wastewater Systems specializes in community wastewater treatment systems. International Wastewater Systems, Inc. was formed in 1993 in response to the wastewater treatment challenge posed by the enactment of the stricter water quality laws implemented in the 1980s. International Wastewater Systems set as a goal the development of wastewater treatment technologies that would significantly surpass the standards enacted by those laws, thereby not only preserving, but improving water quality. More information may be found be visiting www.iwwsystems.com.

About RCC Holdings, Corp.:

RCC Holdings, Corp., 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. RCC Holdings Corp. is currently in negotiations with several companies which meet these criteria.

This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions, changes in consumer demand, legislative regulatory and competitive developments, and other circumstances effecting anticipated revenues and costs, which may cause actual results to differ materially. The company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • For more information, call or e-mail:

    RCC Holdings, Corp.
    One Lake Shore Center
    Ontario, CA 91761
    Tel.: 1-(909)-456-2800
    Fax: 1-(909)-456-2809
    Email Contact