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FCCN, GRHU, VRGY, RMTI, DSCI- FCCN MAKES ANNOUNCEMENT ON FINANCING DETAILS ON PENNYGOVERNANCE.COM

Spectral Capital Corporation, (FCCN) is pleased to announce details and progress regarding its planned $167,500,000 financing through the Export-Import Bank of the United States.
‘The Export-Import Bank (’Ex-Im Bank’) is the Official Export Credit Agency of the United States Government. We have been impressed with the way that Ex-Im Bank has assisted US Companies, like Spectral, to develop substantial, capital intensive projects throughout the world. Today, we received the Letter of Interest from the Ex-Im Bank indicating their interest in providing direct loans or loan guarantees totaling $167,500,000 USD toward the development of our Gold and Mineral Property in the Chita Region of Russia, subject to the completion of a satisfactory evaluation by Ex-Im Bank regarding all of the outstanding issues necessary to complete a financing like this one.’ Announced Jenifer Osterwalder, CEO of Spectral. ‘Although we believe that more than $200,000,000 USD will be required to fully develop the project, a loan or guarantee from Ex-Im Bank of $167,500,000 will go a long way toward providing the financing that we need to fully exploit the Chita Property.’
Spectral plans to raise a total of more than $200,000,000 during the first 36 months of development of its Chita Property and has made a minimum commitment of $35,000,000 within the first 24 months.
‘A letter like this is not a binding financing commitment and such a commitment cannot be issued until full and final approval of Spectral’s loan application through the entire body of due diligence issues is conducted by Ex-Im Bank. We are working very hard to complete the Final Commitment process and have made the due diligence and completion of the required Final Commitment process our number one current management priority. We feel very confident that we will secure a Final Commitment and very excited about working with Ex-Im Bank.’ Continued CEO Jenifer Osterwalder.
About Spectral:
Spectral Capital is focused on the acquisition of a significant portfolio of properties for mining activities. In September 2010, the Company purchased an interest in mineral properties in the Chita region of the Russian Federation. The Kadara and Kaltagay license is located in the Mogochinsky district of the Chita Region, which has several gold mines in production, in the Russian Federation. Spectral owns 47% of the License for prospecting, exploration and production of gold and all other metals. The length of the License runs to 31 August 2031. The size of the License is 186 square kilometers or 18,200 hectares. Development and exploration activities are currently being undertaken.
GreenHouse Holdings, Inc. (GRHU.PK)
GreenHouse Holdings, Inc. (OTC.BB:GRHU) has executed a letter of intent with Hinds Community College to construct and manage a $2.9 million Anti-Terrorism Tactical Training Center in Jackson, Mississippi that would provide local law enforcement personnel with a state-of-the-art training and sustainable firing range facility and which would serve as a best practices model for such facilities in small cities and towns across the United States. The project is subject to the execution of a definitive agreement.
The pilot program, including both basic and advanced firearms training would commence with Hinds Community College in Jackson, Mississippi, where Mississippi law enforcement agencies, Department of Homeland Security (DHS) personnel and other local, state and federal agencies expected to receive instruction. The cost of building the Anti-Terrorist Tactical Training Center is estimated at $2.9 million per unit.
These Anti-Terrorist Tactical Training Centers are fully sustainable, indoor facilities. As such, they remove the need for outdoor firing ranges that have detrimental environmental impact due to lead seepage into the ground. GreenHouse plans to design and construct the 11,000 square foot training center on land leased from the college at a cost of $1.00 per year for a 15 year term. The training center will feature a GreenHouse delivered Tactical Training System featuring the company’s sustainable bullet trapping system capable of containing 7.62 caliber rounds at a maximum distance of 30 meters. The range will also have twelve lanes of fire featuring pneumatic turning target systems including two lanes with wheelchair accessibility.
Users of the sustainable training facility are expected to include the United States Marine Corps, National Park Service, Naval Criminal Investigative Service, the Mississippi Highway Patrol, Mississippi Alcohol Law Enforcement, Mississippi Department of Corrections and other fire and rescue departments. The facility will also be used to train U.S. Coast Guard personnel responsible for Maritime Security.
“As public safety enforcement work becomes increasingly dangerous, proper firearms training is more critical than ever to the safety of those men and women who serve and protect American citizens,” remarked John Galt, Executive Chairman and co-founder for GreenHouse Holdings, Inc. “We provide the most sustainable and innovative environment for highly skilled training in an assortment of tools and disciplines in a wide variety of settings.”
Verigy, Ltd. (Nasdaq:VRGY) reported financial results for its first quarter ended January 31, 2011. Revenue for the first quarter was $120 million, a decrease of $39 million, or 25 percent, from the prior quarter and an increase of $14 million, or 13 percent, from the comparable prior year period. Net loss for the first quarter was $5 million, or ($0.08) per share, compared to net income of $10 million, or $0.17 per share last quarter, and net loss of $6 million, or ($0.10) per share, in the prior year period.
Verigy Ltd. provides advanced semiconductor test systems and solutions used by companies worldwide in design validation, characterization, and high-volume manufacturing test.
Rockwell Medical Technologies Inc. (Nasdaq:RMTI) announced that it will hold an investor conference call on Thursday, March 3, 2011 at 8:30 a.m. ET to discuss its fourth quarter and year-end 2010 results. Robert Chioini, Chairman and CEO, and Thomas Klema, CFO, will be hosting the call to review Rockwell’s results. Rockwell will be releasing the earnings results on the same date. Date: March 3, 2011. Time: 8:30 AM ET. When calling in, investors should refer to the Rockwell Medical Investor Conference Call and provide the operator with their name and company affiliation.
Rockwell Medical Technologies, Inc. manufactures and sells hemodialysis concentrate solutions and dialysis kits to hemodialysis providers, targeting end-stage renal disease, chronic kidney disease, and iron deficiency anemia in the United States and internationally.
Derma Sciences Inc. (Nasdaq:DSCI) announced that researchers who invented DSC127 have been awarded a $4.5 million, 16-month grant by the U.S. Department of Health and Human Services’ (HHS) Biomedical Advanced Research and Development Authority (BARDA) to investigate preclinically the use of DSC127 in the treatment of skin injuries associated with acute radiation exposure. This contract, which is part of the HHS radiological and nuclear threats preparedness strategy, could be extended for a total of five years and up to a total of $14 million.
Derma Sciences, Inc. engages in manufacturing, marketing, and selling wound care, wound closure and specialty securement devices, and skin care products.
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