News Release
Horne Engineering Completes Procurement
of Gas Turbine for Iraqi Power Plant
Fairfax, VA — May 14, 2007 — Horne International, Inc. (OTCBB: HNIN) today announced that Horne Engineering Services, LLC, has successfully completed the procurement of a mission-critical, dual-fuel replacement core gas turbine engine for the Al-Qudas Power Plant in Iraq. This procurement was executed under a subcontract with Wintara-Salihi Group, Inc., and had a contract value of approximately $7 million.
The Al-Qudas Power Plant is located near Baghdad and is part of the Iraqi infrastructure being repaired or rebuilt by the U.S. Army Corps of Engineers and the Iraq Ministry of Electricity.
Horne Engineering Services is a wholly owned subsidiary of Horne International and has been providing procurement services related to the reconstruction of Iraq’s infrastructure since January 2004. This support has included the purchasing of large quantities of engineered equipment, materials, and supplies, as well as contract review and assurance activities, with a combined value in excess of $50 million.
Regarding this latest procurement effort, Horne International President and CEO Darryl K. Horne said, “Not only am I gratified that our business partners continue to seek us out for our global procurement expertise, but I am especially proud of the constructive role our company continues to play in rebuilding Iraq’s infrastructure. Only Horne could accomplish such a highly complex and technically challenging acquisition in less than four weeks. There was no room for excuses.”
Wintara-Salihi Group is a joint venture between Salihi Group International of Kirkuk, Iraq, and Wintara, Inc., of Ft. Washington, Maryland, that provides rapid response engineering and maintenance services for utility systems throughout Iraq.
About Horne International, Inc.
Horne International (OTCBB: HNIN) 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; Spectrum Sciences & Software, Inc.; and Coast Engine and Equipment Company. More information can be found at www.horne.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.
