SOURCE: Homeland Integrated Security Systems Inc.

April 07, 2006 12:00 ET

/ CORRECTION - Homeland Integrated Security Systems Inc.

ASHEVILLE, NC -- (MARKET WIRE) -- April 7, 2006 -- In the news release, "Homeland Integrated Security Systems Board Approves 20 Million Share Buy Back," issued Thursday, April 6, 2006, by Homeland Integrated Security Systems Inc. (OTC: HISC), we are advised by the company that the first sentence of the second paragraph should read "The Board of Directors has agreed to buy the shares directly from the market." rather than "The Company has agreed to buy the shares directly from the market." as originally issued. Complete corrected text follows.

Homeland Integrated Security Systems Board Approves 20 Million Share Buy Back

ASHEVILLE, NC -- 04/06/06 -- Homeland Integrated Security Systems, Inc. (OTC: HISC) announced today that the Board of Directors has authorized a buy back of up to 20 million shares of common stock between now and the end of the month.

The Board of Directors has agreed to buy the shares directly from the market. The decision was based upon the various events that have already unfolded and what the Company believes will be happening in the near future as they work towards their goal of being listed on the NASDAQ OTC BB.

"The Board agreed unanimously that our shares are undervalued. We have two years of profitability in an exploding industry. We believe we should be trading at higher levels," stated Frank A. Moody, II, CEO of Homeland Integrated Security Systems, Inc.

Homeland Integrated Security Systems recently released its year end financials for period ending December 31, 2003 and 2004, and preliminary financial results for 2005. During 2005, the company increased its revenues by 67% over 2004, along with a 12% increase in profits to $553,595. The balance sheet shows that total assets increased from $1,422,609 on December 31, 2004 to $4,184,067 as of December 31, 2005, an increase of nearly 200%.

About Homeland Integrated Security Systems:

Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. One of the key target markets is the 361 commercial seaports in the U.S. which are vulnerable to criminal penetration. For more information go to http://www.hissusa.com

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

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