RCC Expands Into Alternative Fuels and Solar Power

KISSIMMEE, Fla.--(BUSINESS WIRE)--RCC HOLDINGS, CORP. (\"RCC\") (Pink Sheets: RCCH) continues it effort to be totally green.

Referencing its strategic plan, RCC management will be attending meetings this week on technologies including solar power, alternative fuels, and hydrogen fuel cells. These meetings will investigate the state of these technologies and how far particular efforts are from commercialization. As companies and technologies become suitable vis-à-vis the RCC strategic plan, efforts will be made by RCC to pursue relationships with selected companies.

Operationally, senior management will be visiting Idaho and Montana the week of April 20. Marketing and sales setup will occur relative to its green housing ventures, as well as new potential customer visits for its RCC/IWS subsidiary. Two projects in the Caribbean are in the pre-proposal phase, gathering information about the magnitude of the task that RCC/IWS would have in each. Each project is substantial in terms of potential future revenues and takes advantage of the RCC/IWS technology and business contacts in that region. It is expected that an initial project outline letter will be submitted, no later than the week of April 20, to proper officials on one of the projects that RCC/IWS will act as a subsidiary supplier on. That phased project would involve a development in excess of 1,000 new homes and would be part of a public/private business relationship, if accepted.

Discussions have occurred with an agency of the US Government, setting up the possibility of payment guarantees with potential international projects. RCC feels it is important when operating in developing countries, that solid payment structures are in place when business is undertaken. With management experience in international projects and the need for the United States to increase its business thrust overseas, the company feels that this is an ideal time break into new territories, solidified by proper payment guarantees and international banking relationships.