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RCC Clarifies Previous Release

^{Published on 2009-02-05 08:14:34, Last Modified on 2009-02-05 08:15:12 - Market Wire}
 

KISSIMMEE, Fla.--([ BUSINESS WIRE ])--RCC Holdings, Corp. ("RCC")(Pink Sheets:RCCH) would like to clarify certain information in its press release issued on January 30, 2009 (the "Prior Release"). The reference to "up listing" in the press release is a reference to the intention of RCC to pursue a merger of its wholly-owned subsidiary, RCC International Waste Water Systems Incorporated ("IWS") with a publicly listed shell company with cash assets (the "Proposed Transaction"), which transaction would be subject to applicable stock exchange and regulatory approval. RCC has been in discussions with several possible shell companies in respect of the Proposed Transaction.

The Prior Release also contained an error in that Bill Hess has not been appointed as a director of RCC or IWS at this time and his biography should have referred to the Canadian Venture Exchange and not the Toronto Stock Exchange. Mr. Hess will only become a director of IWS if the Proposed Transaction proceeds and is completed in a manner acceptable to Mr. Hess.

Further announcements will be made in respect of the Proposed Transaction if RCC succeeds in entering into a merger agreement with a shell company.

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.