AUSTIN, Texas, Jan 05, 2010 (BUSINESS WIRE) -- Spectrum Acquisition Holdings, Inc. (PINK SHEETS: SPAH) of Austin, Texas, signs definitive agreements for two targeted Peruvian Gold Production Mining operation acquisitions and prepares to close both operations agreements.

Spectrum has acquired a 50% operating interest in both the Peruvian Gold Production Mining Acquisitions located in the world renowned Pataz "Gold" Region. Spectrum has now gone from negotiating to finalizing terms and agreements with both acquisitions.

CEO Dale Henry stated, "This is exactly what we need in order to expand our global presence into the Latin American markets.

I am thrilled to announce upon closing of these operation acquisitions, Spectrum will have immediate operations and cash flow from these entities thereby adding revenue streams to be funneled into the company and allow us to grow at a better pace than previously anticipated."

We look forward to announcing the closing of these operations agreements in the coming days.