SOURCE: Homeland Integrated Security Systems Inc.

November 15, 2006 09:49 ET

Homeland Integrated Security Systems Posts Financials for 3Q and Adjusted Year-to-Date Results for 2006

Explanation Letter to the Share Holders Posted on the HISS Website

ASHEVILLE, NC -- (MARKET WIRE) -- November 15, 2006 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that it has posted its financial results for the third quarter and the nine months ending September 30, 2006. The Company also announced that it had adjusted 2006 financials to reflect changes in data reported in prior period financials.

"The new management team took over leadership of the company on July 1, 2006," stated CEO and President Fredrick Wicks. "Our first task was to review the entire operation from culture, strategy, and operations including financial reporting. The adjustments that were made in our third quarter and year-to-date statements are designed to make our financial data more representative of the company's current situation. The adjustments are explained in the notes to the financial statements."

The company also announced that Mr. Wicks had prepared a new letter to share holders which will be posted on the company's website, www.hissusa.com.

"I urge our shareholders to read this letter," stated Mr. Wicks. "It discusses many of the important issues that our shareholders communicate to us, such as stock value, sales and investor relations. We have many positive opportunities in front of us. I want to be sure our share holders are aware of these prospects."

Homeland Integrated Security Systems' third quarter financial statements will be posted on www.pinksheets.com.

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. Cyber Tracker technology has applications for data and tracking functions across numerous verticals, utilizing IDEN, GSM, and Satellite technologies.

For more information please visit our website 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.

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