SOURCE: RCC Holdings, Corp.

August 27, 2007 09:30 ET

RCC Holdings Goes Green

ONTARIO, CA--(Marketwire - August 27, 2007) - RCC Holdings, Corp. (PINKSHEETS: RCCH) has entered into a non-binding letter of intent (LOI) to purchase the assets of International Wastewater 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.

International Wastewater Systems manufactures sequencing batch reactor systems that can handle small to medium-size communities. IWS currently operates 12 systems in Idaho and four systems in Montana, with more currently submitted for state approval.

Gene Newton, CEO of RCC Holdings, Corp., comments, "IWS does the entire job. They not only provide the system, they are also the manufacturer, installer and computer systems developer, and they maintain the systems. We are truly excited about this upcoming venture with IWS. This company is poised for explosive growth."

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