AUSTIN, Texas, Dec 30, 2009 (BUSINESS WIRE) -- Oakwood Research Initiates Coverage on Spectrum Acquisition Holdings, Inc. (PINK SHEETS: SPAH), a company specializing in mining and mining equipment operations. Oakwood sights aggressive growth with Spectrum's upcoming targeted acquisitions in the ever so hot "Gold" sector. Oakwood plans on posting exclusive research and information about Spectrum Holdings on its corporate website in the very near term. Some of these highlights are listed below.

Key Notes:
SPAH, through its principal operator Western American Mining Corp. of Austin, Texas, has entered into a partnership agreement with MundiRoyal SAC of Lima, Peru. In addition to administering the expatriation of revenue from the Pataz region in La Libradad, Peru MundiRoyal will manage the mining contracts with the concession holders on two separate projects with similar terms of 50% of the production going to SPAH.

One concession is a production restart and the second is a low risk exploration project with exposed high grade veins on the surface. The existing mine had produced thousands and thousands 80% fine gold ounces from veins averaging one meter wide with grade between 5 and 8 grams per ton.

The mines are located in the province of Pataz, which is one of the richest gold fields in Peru and home of the biggest gold mine in the world at Cajamarca.

The Company focuses on three target profitable mining businesses: gold, silver, and gypsum. Spectrum's continuing business plan is to expand through targeted acquisition of mining companies with strong revenues and high profit margins actively involved in the mining industry, mining equipment, and industry property management.

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