SOURCE: Homeland Integrated Security Systems, Inc.

April 17, 2008 10:38 ET

Homeland Integrated Security Systems and Global Tracking Technologies™ Complete Initial Stage of Due Diligence Process

Formal Acquisition Agreement Is Expected in Two Weeks

ARDEN, NC--(Marketwire - April 17, 2008) - Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) announced today that it has completed the initial due diligence process with Global Tracking Technologies™ of Tampa, Florida. Previously, Homeland announced that it had signed a Letter of Intent to acquire Global Tracking Technologies, LLC of Tampa, Florida, a rapid growth wireless GPS location-based services company. With completion of the initial due diligence, a formal contract is expected to be signed within two weeks with a closing anticipated by June.

"At this point we are pretty much on schedule in our acquisition process," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems. "Both companies have placed a high priority on completing this transaction by June."

"We look forward to completing this process as soon as possible," stated Floyd Raynard, CEO of Global Tracking Technologies. "We have very significant opportunities developing for us over the next few months and working together will help us maximize this potential."

About Homeland Integrated Security Systems:

Homeland Integrated Security Systems owns proprietary technology in conjunction with its Cyber Tracker product line. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies. In addition, the use of satellite technology in conjunction with the Cyber Tracker is under development. For more information please visit our website

About Global Tracking Technologies™:

Global Tracking Technologies™ (GTT) is a privately held, pioneering GPS tracking solutions provider. GTT designs total system solutions including hardware and custom software for specific customer requirements. GTT's integrated location and communications technologies enable its customers to obtain higher security, lower operating costs and improvements in their overall logistics management efficiencies. For more information please visit our website

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that assumptions underlying forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

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