AUSTIN, Texas, Dec 15, 2009 Spectrum Acquisition Holdings, Inc. (PINK SHEETS: SPAH), specializing in mining and mining equipment operations producing gold, silver and gypsum, releases company update.
Spectrum Acquisition Holdings, Inc. is a growing holding company with interests in established drilling and mining equipment manufacturing through its wholly owned subsidiary, Western American Mining Corporation. Spectrum has recently ventured into the market of "green technologies" that will provide "small footprint" drilling technologies, Bio-mining, remote controlled exploration modules, GPS positioning of drilling, micro drilling, composite drilling components and other technologies that will minimize the traditionally poisonous and toxic environmental threats posed by the mining industry.
Spectrum is aggressively positioning itself to be a model for Green mining equipment. The Company is currently researching bioleaching process technology with the expectation of extending its portfolio existing patents for continuous processing equipment useful with difficult refractory gold ore. This technology will increase the yield of high grade ore with reduced energy inputs compared to traditional roasting or autoclaving and at the same time replace the use of toxic chemicals with eco-friendly microbes.
About Spectrum Acquisition Holdings, Inc. (SPAH.PK)
Spectrum Acquisition Holdings is executing a three-pronged strategy for growth. The Company is acquiring interests in high quality, low-risk gold projects with past production and sizeable
resources. Spectrum is developing technology solutions to enable more sustainable, smaller
footprint mineral exploration, production and processing. Spectrum is also pursuing acquisitions
of mining sector service companies including operators, mine site service providers, equipment
manufacturers, geology firms and technology developers.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SPAH has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect SPAH's current beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the SPAH's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. SPAH undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements. |
