SOURCE: Homeland Integrated Security Systems, Inc.

November 30, 2006 08:31 ET

Homeland Integrated Security Systems Announces Share Retirement

ASHEVILLE, NC -- (MARKET WIRE) -- November 30, 2006 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that it has retired more than 30 million shares of stock previously held by Tri State Title and Escrow as collateral in the original agreement to purchase a controlling interest in Evans Systems, Inc. The shares were no longer required as the original agreement was superseded by one that did not require any escrowed shares.

"This retirement of shares reinforces our strategy to reduce the number of shares that are outstanding," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems. "We have in place a long-term strategy to reduce the number of shares outstanding. However, I want to emphasize that it may take considerable time to achieve this goal through our buy-back strategy," Mr. Wicks said. Mr. Wicks also reiterated that there was no immediate plan to recapitalize the company.

In another announcement, the company corrected an earlier press release on October deliveries. "We had announced deliveries of 239 Cyber Trackers in October," stated Mr. Wicks. "This number was reduced when an order for 73 Cyber Trackers in the process of being delivered was placed on hold by the customer. We still anticipate delivering these units in 60 to 90 days."

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 (CDMA version coming mid-year 2006).

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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