News Release
Horne International Leverages
Its Environmental Expertise,
Moves Forward With
Green Market Strategy
Fairfax, VA — January 7, 2008 — Horne International, Inc. (OTCBB: HNIN), today announced that two key executives have joined the company to spearhead the growth of its engineering services business.
“For more than 17 years, Horne International’s engineering services business practice has focused on the nexus between strategic environmental management and energy savings,” said Darryl K. Horne, P.E., Horne International’s Chairman, President and CEO. “The evolving regulatory framework in response to climate change, together with volatile energy prices, is creating an important new market. Organizations are under increased pressure to adopt responsible, cost-effective approaches for monitoring and reducing energy use and greenhouse gas emissions. We intend to leverage our rich environmental legacy to help our customers meet those challenges. That’s why we have added two leaders with the vision and know-how to deliver sustainable, ‘green’ solutions for our customers.”
Harold (Hal) A. Rich has been named Horne International’s Chief Growth Officer. His focus will be on monetizing the company’s extensive engineering experience and capabilities, especially in the areas of environmental compliance and energy use. He will be supported by R. Spaulding Showalter, CFP, who has been named Horne International’s Director of Emerging Markets. Before joining Horne International, both held senior management positions at Bridgeton Global Investor Services, an independent futures and commodities trading firm.
Mr. Rich has more than 30 years of experience as a senior executive creating and growing technology-based businesses. He was Chief Executive Officer of FutureSource, a technology innovator in financial and commodity futures services, and strategist and designer for Bloomberg’s Equity Trading System. Previously he was Chief Operating Officer for Reuters’ Instinet division; Instinet was the first Electronic Communication Network (ECN) for trading equity securities worldwide. Under his direction, the firm grew by a factor of ten and became one of the most profitable firms in the industry. Mr. Rich also was Chief Information Officer of Prudential-Bache Securities, Inc., and of Citicorp’s worldwide Investment Banking Group.
Mr. Showalter is a financial manager with expertise in forestry and carbon trading. He has held senior management positions at Wachovia Trust, Colonial Bank and SunTrust Bank. Before joining Horne, he was a managing director at Carbon Farmer, LLC, which developed a pioneering program in reforestation for production of carbon credits on a scalable basis, in partnership with landowners, government programs and investors. Mr. Showalter conceptualized the new carbon credit aggregation business and successfully oversaw its approval on the Chicago Climate Exchange.
Mr. Rich said, “Horne has demonstrated that it has the scientific rigor and discipline to execute complex and sensitive projects in the environmental arena. We intend to solidify Horne’s leadership position by offering an integrated package of environmental engineering expertise and technology, and combining that with skills in the emerging environmental trading markets.”
About Horne International, Inc.
Horne International provides engineering services for a sustainable infrastructure, with an emphasis on security, energy and the environment. Horne provides these services through three business units: Horne Engineering Services, LLC; Spectrum Sciences & Software, Inc.; and Coast Engine and Equipment Company, Inc. With approximately 130 associates located throughout the United States and overseas, the company is a trusted partner for its customers in the defense, environment and energy, homeland security and transportation sectors. For more information, please visit 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.
