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Oakwood Research Initiates Coverage on Spectrum Acquisitions Holdings

^{Published on 2009-12-30 04:05:15 - Market Wire}
 

AUSTIN, Texas--([ 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.

About: Oakwood's Corporate Website is at [ http://www.oakwoodresearch.net/ ]. Oakwood Research has created an exclusive blend of institutional quality research, institutional investor relations and effective investment banking services and reports. Oakwood is a Small cap research firm dedicated to bringing you undiscovered companies with rare promise and provides high-level, institutional superiority sponsored research to tell the story. We then take the time to put that story in front of some of the most sought-after, prominent eyes on Wall Street, one investor at a time.

About Spectrum: Spectrum Acquisition Holdings, Inc. is a growing holding company with interests in established drilling and mining equipment manufacturing through its wholly owned subsidiary, Western American Mining Corporation. Spectrum has recently ventured into the market of "green technologies" that will provide "small footprint" drilling technologies, bio-mining, remote controlled exploration modules, GPS positioning of drilling, micro drilling, composite drilling components and other technologies that will minimize the traditionally poisonous and toxic environmental threats posed by the mining industry.

SPAH's subsidiary, Western American Mining Company, contains four patent-pending invention applications. Western American Mining Patents:

1. Intrinsically Safe System for Mineshaft Illumination – AN/20090284983

2. Laser Guidance System for Diamond Wire Cutting Apparatus - AN/12122427

3. Continuous Refractory Ore Bioprocessing Apparatus - AN/12101968

4. Mixing, Milling and Aeration Apparatus for Digesting Metal Ore with Bacteria - AN/121030053

Spectrum is aggressively positioning itself to be a model for Green mining equipment. The Company is currently researching the technique of bioleaching process technology by creating continuous processing equipment useful for isolating gold ore. This technology will increase the yield of high-grade ore by using eco-friendly microbes, as compared to traditional high energy requirements of roasting and autoclaving or deadly use of toxic chemicals.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SPAH has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the SPAH's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the SPAH's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. SPAH undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

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