Thursday, January 24, 2008

RealPennies.com: Turning Pennies into dollars: (OTCBB: HNIN), (Pink Sheets: WXCP), (Pink Sheets: GWSO)….

RealPennies.com: Turning Pennies into dollars: (OTCBB: HNIN), (Pink Sheets: WXCP), (Pink Sheets: GWSO)….

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Horne International, Inc. (OTCBB: HNIN)(January 24, 2008) announced that it has entered into a stock purchase agreement to acquire Amata, Inc., a provider of state-of-the-art security systems for critical facilities and infrastructure.

Amata currently holds contracts to provide an integrated electronic security system, electrical distribution and backup power for a major energy infrastructure project. Under those contracts, Amata will install security devices that include intrusion detection, facial recognition and thermal imaging. Amata's electrical distribution solutions include providing uninterrupted power for security systems, pump stations, valve stations, metering stations and tank farms, as well as the installation of transformers and generator backup systems.

Amata's current executed contract backlog is approximately $150 million. This backlog is subject to funding for the underlying projects, commencement of work orders from its customers, and other contingencies.

"The addition of Amata to the Horne family of companies is expected to bolster Horne International's position as a leading provider of engineering services for a sustainable infrastructure," said Darryl K. Horne, P.E., Chairman, President, and Chief Executive Officer of Horne International. "Our mission is to help ensure that critical infrastructure projects are environmentally sound, energy efficient, and secure. We are vigorously pursuing such projects in both the government and private sectors."

Shawn F. Wurtsmith will remain President of the Amata subsidiary, and Robert L. Cheney will remain Vice President of Operations. Upon closing of the transaction, Mr. Wurtsmith will become a member of Horne International's Board of Directors. "In fewer than five years, Shawn and Rob have built an impressive portfolio of capabilities and customers," said Mr. Horne. "We believe that our combined experience and customer base will put us in a league with the top providers of security systems and hold great promise for Horne International's growth in the security arena domestically and globally."

Mr. Wurtsmith added, "Our two companies are a natural fit. We both focus on the growing markets of energy and security. Horne has a great reputation in the government sector, while Amata has been geared toward private-sector projects. By joining forces, we are expanding opportunities for both companies." Horne International also announced that it had signed a definitive agreement to raise $3.0 million through the sale of approximately 2.5 million shares of its common stock and the issuance of $2.0 million in subordinated convertible promissory notes and detached warrants to purchase an additional 500,000 shares of Horne International common stock. The purchasers of these securities are existing shareholders of the company, including Evan Auld-Susott, a member of the company's Board of Directors. The subordinated notes are convertible into Horne International common stock at $0.40 per share, will pay interest at 10 percent per annum and mature seven years from the date of issue. The warrants will expire five years from the date of issue and have an exercise price of $0.40 per share. The closing of this transaction is subject to the closing of the Amata acquisition and other customary conditions.

Following the closing, the Amata shareholders will be entitled to cash earn-out payments equal to 50 percent of Amata's net income (as defined in the stock purchase agreement) on a cash-received basis for the first twelve months after the closing, and 33-1/3 percent of such net income for the subsequent 36-month period. The Amata shareholders will also receive up to 13.0 million shares of Horne International common stock following the closing, to be issued on a pro rata basis with the receipt of revenues from Amata's primary customer. In addition, Horne International will pay certain consultants to Amata up to approximately $6.8 million in consulting contract payments contingent upon Amata's achievement of earn-out payments. The closing of the transaction is subject to Amata's receipt of approximately $2.4 million in outstanding accounts receivable from its primary customer, as well as other customary closing conditions. Pending the closing, Horne International has agreed to loan Amata up to $500,000 for repayment of indebtedness and working capital needs.

Upon the closing of the transactions, Darryl Horne, Evan Auld-Susott and certain of his affiliates, Shawn F. Wurtsmith and Robert Cheney will enter into a voting agreement providing that each of them will vote all shares of Horne International common stock they own to elect one director designated by Mr. Horne (initially Mr. Horne), one director designated by Mr. Auld-Susott (initially Mr. Auld-Susott) and one director designated by Messrs. Wurtsmith and Cheney (initially Mr. Wurtsmith).

Horne International provides engineering services for a sustainable infrastructure, with an emphasis on security, energy, and the environment. Horne International operates through three business units: Horne Engineering Services, LLC; Spectrum Sciences & Software, Inc.; and Coast Engine and Equipment Company, Inc. The company is a trusted partner for its customers in the defense, environment and energy, homeland security and transportation sectors. For more information, please visit www.horne.com.

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WHX Corporation (Pink Sheets: WXCP) (January 24, 2008) announced recently it has named Daniel P. Murphy, Jr., as Senior Vice President of Corporate Development at WHX. In his new position, Murphy, 46, will be responsible for seeking out and/or developing new strategic and synergistic investment opportunities for WHX, a holding company that invests in and manages businesses on a decentralized basis. Murphy is a Director on the WHX Board.

Prior to receiving this promotion, Murphy served as President and Chief Executive Officer of Handy & Harman, a diversified industrial manufacturing subsidiary of WHX. Murphy will continue to serve as CEO of Handy & Harman until a new CEO is appointed.

Murphy's appointment to WHX comes after more than 20 years of service at Handy & Harman. Prior to becoming President and CEO of Handy & Harman in February 2003, Murphy served as Group Executive Vice President of the Handy & Harman Engineered Materials Group. Prior to that, he served as President and CEO of OMG, Inc., a subsidiary of Handy & Harman.

Besides his professional responsibilities, he is currently on the Council of the Western Massachusetts Jimmy Fund and on the Executive Committee of the Habitat for Humanity of Pioneer Valley, Western Massachusetts.

The Company is a holding company that invests in and manages a group of businesses on a decentralized basis. WHX owns Handy & Harman, which is a diversified manufacturing company whose strategic business units encompass three reportable segments: precious metal, tubing and engineered materials. WHX also owns Bairnco Corporation, which was acquired in April 2007 and is a diversified multinational company that operates business units in three reportable segments: Arlon electronic materials, Arlon coated materials and Kasco replacement products and services.

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Yesterday Global Warming Solutions, Inc. (Pink Sheets: GWSO)(January 23, 2008) - a developer of technologies aimed at mitigating the effects of global warming -announced the development of its proprietary PureRay Lighting Technology. PureRay controls microbial contamination, increasing the shelf life of fresh produce.

Longer shelf life can dramatically change the economics of the US $40 billion world fresh produce market, having a major impact on transportation and marketing, with the potential to alter an entire industry.

PureRay Lighting Technology has two powerfully beneficial attributes: PureRay kills or suppresses pathogenic microorganisms such as E. coli, Listeria, Penicillium (blue mold) and yeasts, retarding spoilage as a result.

PureRay stimulates and maintains important physiological processes and biochemical reactions within the living tissues of the produce (water exchange, respiration, photosynthesis, etc.) keeping the produce fresh significantly longer.

PureRay light works not only on the surface of the fresh produce but also penetrates deep inside to provide complete protection.

Safe, Energy-Efficient light The PureRay Light system is a proprietary design comprised of light-emitting diodes (LEDs) assembled in arrays. Since the light itself is safe, PureRay could be deployed in production facilities, transportation and storage systems and display areas in stores.

For example, most transportation and storage equipment, as well as commercial and household refrigeration, could be equipped with the PureRay technology.

In addition, PureRay lighting systems could replace fluorescent tubes in refrigerated or non-refrigerated display cases and shelves. Besides prolonging the shelf life of fresh produce by up to 50%, PureRay offers 15% energy savings over traditional under-shelf lighting solutions. PureRay offers significant improvements in energy efficiency, life-time of the lighting fixture, customer safety, product illumination, scalability and design flexibility, helping grocers meet targets for reducing their carbon footprint

Global Warming Solutions develops and commercializes technologies that help mitigate Global Warming and its effect on our planet. The Company targets three areas that help reduce the extent of Global Warming and fight issues that have arisen as a consequence: Clean Energy, Carbon Control, and Water Purification. Current climate models predict that global temperatures will rise sharply over the next century. The increase in temperatures can be slowed or eliminated by decreasing the amounts of greenhouse gases released into the Earth's atmosphere. Global Warming Solutions seeks to leverage its experience and management to help make a difference in the fight for climate control.

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Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on RealPennies. For more movers: http://www.realpennies.com/wrapup.html

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