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Businessnetwire.us: Focusing On the News(M2 PressWIRE Via Thomson Dialog NewsEdge) RDATE:24012008 New York, NY -- BusinessNetWire's "Investor's Update" Focuses on the Following Companies: Horne International, Inc. (OTCBB: HNIN); WHX Corporation (Pink Sheets: WXCP); Global Warming Solutions, Inc. (Pink Sheets: GWSO); Mobile Ready Entertainment Corp. (PINK SHEETS: MRDY); Mobile TeleSystems (MTS) OJSC (NYSE: MBT); Huttig Building Products, Inc. (NYSE: HBP) BusinessNetWire is an affiliate of Stock Profiler.US. Sign up Today for Your Free Stock and Updated News Subscription at http://www.stockprofiler.us Companies who want to broadcast their progress are welcome to contact Stockprofiler.US, LLC at 603-621-9420. ------------------------------------------- Horne International, Inc. (OTCBB: HNIN) Horne International, Inc. closed at $0.205 Wednesday, trading 210,257 shares. Company News- January 23, 2008: Horne International Agrees to Acquire World-Class Provider of Electronic Security Systems, Announces Related Agreement for Financing Horne International, Inc. (OTCBB: HNIN) announced yesterday 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. "I am excited about the future of Horne International and expect the combination of Horne and Amata to bring new value to our customers, partners and stockholders," said Mr. Auld-Susott. "I also have confidence in the ability of both companies' management teams to execute on our current contract backlogs. This is truly a momentous occasion for the entire Horne International family." Raymond James advised Horne International on the Amata acquisition. Holland & Knight LLP served as the company's legal counsel. The financing transaction was approved by an independent committee of the Horne International Board of Directors, which received a fairness opinion from Reznick Group, P.C. Reznick also provided a fairness opinion to the company's Board of Directors in connection with the Amata stock purchase agreement. Agreement Terms Under the executed stock purchase agreement, Horne International will acquire all of the outstanding capital stock of Amata from its shareholders for initial cash consideration of $2.0 million, and subordinated promissory notes with an aggregate principal amount of approximately $1.75 million, less amounts by which Amata's net worth upon the closing of the transaction is below a target level. The notes will be payable on two payment dates: March 1, 2008, and January 1, 2009. 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). About Amata, Inc. Founded in 2003 and headquartered in Englewood, Colo., Amata has installed security systems at airports, power plants, and military facilities and has performed port security assessments in the Middle East. One of Amata's current customers is Pacific Texas Pipeline Company of Phoenix, Ariz., a major energy infrastructure developer in the Southwestern United States. For more information, please visit www.amatainc.com. About Horne International, Inc. 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. ------------------------------------------- WHX Corporation (Pink Sheets: WXCP) WHX Corporation closed at $3.95 Wednesday, trading 0 shares. Company News- January 23, 2008: WHX Taps Daniel Murphy, CEO of Handy & Harman Subsidiary, for Senior VP of Corporate Development WHX Corporation (Pink Sheets: WXCP) announced yesterday 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. "Dan's extensive experience and capable management at Handy & Harman is of great value to WHX, where we will be looking for him to seek out further opportunities for growth and profit," said Glen Kassan, WHX's Chief Executive Officer. "We're excited to have Dan apply his talents and skills on a broader corporate canvas while we seek to accelerate additional profitable growth at WHX. We also look forward to Dan continuing to work with many of WHX's businesses on the development and execution of their sales and marketing plans as well as enhancing relationships and opportunities with many of our customers." 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. Murphy holds a bachelor's degree in English from Fairfield University and earned a Harvard Executive Finance certificate in 1994. About WHX 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. ------------------------------------------- Global Warming Solutions, Inc. (Pink Sheets: GWSO) Global Warming Solutions, Inc. closed at $0.97 Wednesday, trading 239,482 shares. Company News- January 23, 2008: Global Warming Solutions' PureRay Lighting Technology to Control Microbes and Increase Shelf Life of Fresh Produce Yesterday Global Warming Solutions, Inc. (Pink Sheets: GWSO) - 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 "The PureRay technology has proven to be multifaceted as it efficiently increases shelf life of produce in addition to being a water purification technology," said Dr. Vladimir Vasilenko, CEO of Global Warming Solutions. "We plan on leveraging PureRay and marketing it as the engine for these industries while we also continue our development of the LETG Solar Energy Technology, and our GEM Hybrid Engine." About Global Warming Solutions, Inc. 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. ------------------------------------------- Mobile Ready Entertainment Corp. (PINK SHEETS: MRDY) Mobile Ready Entertainment Corp. closed at $0.0006 Wednesday, trading 1,132,250 shares. Company News- January 23, 2008: Mobile Ready Prepares to Offer Exciting New Product Mobile Ready Entertainment Corp. (PINK SHEETS: MRDY) announced yesterday that it will soon be offering a product that allows small businesses to expand their reach into the mobile channels without incurring the heavy fees associated with mobile marketing. "We have really set out to give the small business access to launching mobile campaigns while alleviating the price barrier preventing them from expanding their business in the mobile arena," reported Craig Mora, CEO. "We want to offer a product that really makes a difference for businesses trying to grow." The product is slated to release within the next 30 days and will have an entry price point of less than $200.00. For updates on this and other investment-related issues, please send an email to the company at [email protected]. About Mobile Ready Mobile Ready Entertainment Corporation specializes in mobile content products and solutions. They offer software and service options that empower businesses by enabling them to reach the mobile user and ultimately increase revenue. Whether your company has retail, marketing or response needs, Mobile Ready has the solution to fit. When it comes to website development and optimization, Mobile Ready has the mobile marketing know-how. For more information, visit the Mobile Ready Website at http://www.gomobileready.com ------------------------------------------- Mobile TeleSystems (NYSE: MBT) Mobile TeleSystems closed at $83.30 Wednesday, trading 3,762,300 shares. Company News- January 23, 2008: Mobile TeleSystems (MTS), Russia's Largest Mobile Operator, Goes Live With Comverse Billing Solution Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, announced yesterday that Mobile TeleSystems (MTS) OJSC (NYSE: MBT), the largest mobile phone operator in Russia and the CIS, went live with the Comverse Real-Time Billing Solution to serve MTS' vast subscriber base. "Upon evaluation of the Comverse Real-Time Billing Solution, it made good business sense to deploy a comprehensive system that fulfills our billing needs while strengthening our marketing strategies," said Mikhail Shamolin, Vice President and Director at MTS Russia. "Now that we completed a smooth migration to the Comverse system, we are ready to meet all requirements for future growth while delivering the highest level of services to our subscribers." The Comverse Real-Time Billing (RTB) Solution serves as a real-time marketing engine for mobile operators by offering advanced personalization capabilities, la carte service plan customization, and usage-driven automated marketing promotions to enable operators to increase revenues, profitability and subscriber loyalty. The solution provides operators with the ability to quickly create and launch service offerings to both broad and targeted market segments while simultaneously providing end-user empowerment through self-directed offers. "Our wealth of expertise and extensive track record position us well for this expansive billing deployment in Russia with MTS, the country's largest mobile operator," said Benny Einhorn, President of Comverse EMEA. "This particular deployment in MTS speaks well to the growing awareness by operators of the advantages of leveraging sophisticated marketing capabilities to realize revenue potential by using the advanced Comverse Real-Time Billing." About Mobile TeleSystems (MTS) Mobile TeleSystems OJSC (MTS) is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services about 82 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at www.mtsgsm.com. About Comverse Comverse is the world's leading provider of software and systems enabling network-based messaging and content value-added services, converged billing and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight Open Services Environment. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com. ------------------------------------------- Huttig Building Products, Inc. (NYSE: HBP) Huttig Building Products, Inc. closed at $3.68 Wednesday, trading 16,000 shares. Company News- January 23, 2008: Huttig Building Products to Host Fourth Quarter 2007 Conference Call on Wednesday, February 6, 2008 at 11 AM Eastern (10 AM Central) Huttig Building Products, Inc. (NYSE: HBP) will host a conference call to discuss fourth quarter 2007 financial results on Wednesday, February 6, 2008, at 11 AM Eastern Time (10 AM Central Time). To access the call, please dial 888-694-4702 and enter pin number 30146590. A replay will be available through February 20, 2008 by dialing 800-642-1687 and entering the same pin number. Huttig will issue a press release announcing its fourth quarter 2007 financial results after the market closes on Tuesday, February 5, 2008. About Huttig Huttig Building Products, Inc., currently in its 123rd year of business, is one of the largest domestic distributors of millwork, building materials and wood products used principally in new residential construction and in home improvement, remodeling and repair work. Huttig distributes its products through 36 distribution centers serving 44 states. The Company's wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes. ------------------------------------------- The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BusinessNetwire.US affiliates has not been compensated for services rendered; BusinessNetwire.US affiliates is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities mentioned herein. 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