News Release
Horne International Restructures
Executive Team to Focus on Growth
Fairfax, VA — October 30, 2006 — Darryl K. Horne, chairman, president, and CEO of Horne International, Inc. (OTCBB: HNIN.OB), today announced a restructuring of the corporation’s executive management team.
“Value creation for our customers, our employees, and our shareholders is my foremost responsibility,” Mr. Horne stated. “Value creation comes through growth, and that is where I am focusing my energy. Horne International has built a first-class management team, and I have delegated most day-to-day management responsibilities to them.”
Mr. Horne will concentrate on strategic planning and business development efforts. He said that he has put in place “a centralized, growth-oriented business development organization” and that he expects to announce soon a key new hire to lead this effort.
Charles S. Mahan, Jr., has been elevated to the position of Horne International’s chief operating officer. Previously he was president of Horne Engineering Services, LLC, the company’s largest subsidiary. All operating units of Horne International now report to Mr. Mahan.
The company is aggressively pursuing its investor relations program and recently made changes in that regard. Gerry A. Simone completed her investor- and media-relations assignments and is no longer with Horne International.
About Horne International, Inc.
Horne International (OTCBB: HNIN.OB) is a government services company focused on defense & homeland security, environment & energy, and transportation markets. The company’s business offerings include engineering program management for large scale government programs; environmental science, safety & health; technology; acquisition services; business process engineering; manufacturing for aircraft and munitions support; and support services for shipping and U.S. waterways. Horne International currently operates under three subsidiaries: Horne Engineering Services LLC (founded in suburban Washington, DC, in 1990); Spectrum Sciences & Software, Inc.; and Coast Engine and Equipment Company. Horne International changed its name from Spectrum Sciences & Software Holdings Corp. on August 31, 2006. More information can be found at www.SpectrumHoldingsCorp.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Source: Horne International, Inc.
