Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, December 22, 2008
Fri, December 19, 2008
Thu, December 18, 2008
Wed, December 17, 2008 RCC Holdings Corp. Announces Joint Venture with Summit Builders, Inc., of Idaho
KISSIMMEE, Fla.--([ BUSINESS WIRE ])--RCC Holdings (Pink Sheets: RCCH): RCC International Wastewater Systems, wholly owned subsidiary of RCC Holdings is pleased to announce an agreement to form a joint venture with Summit Builders, Inc., of Idaho. The purpose of the venture is to create a company that participates in the remedial home market, especially as it relates to environmental, energy and health issues. Market potential in Idaho is expected to be in the tens of millions of dollars. Plans are set to complete final paperwork by December 22, 2008, with the venture to begin formal operations in January 2009, in Eagle, Idaho.
Summit Builders, in business in Idaho since 1994, has built hundreds of high-end homes and has been involved in commercial developments, including golf courses and entertainment centers. Mike Kauffman, President of Summit, states, "There is a glut of talent in the Boise area ready to direct itself to the new and emerging green housing market. That market exists in existing housing, and is many times larger than the development market ever could be. We are truly excited about the possibilities of this new relationship."
Gene Newton, CEO of RCC Holdings, and Claude Smith, President, agree, "There has been a paradigm shift in the housing market and companies that have the intellectual property, experience and knowledge to address the market's new needs, should reap substantial rewards."
RCC Holdings board has made major gains in completing the transition to the International Exchange.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
