SOURCE: Homeland Integrated Security Systems, Inc.

April 03, 2007 08:30 ET

Homeland Integrated Security Systems Posts Annual Financials for 2006

Results Show a 45% Increase in Sales and a 51% Decrease in Costs in Second Half Compared to First Half of 2006

ASHEVILLE, NC -- (MARKET WIRE) -- April 3, 2007 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that it has posted its financial results for the year ending December 31, 2006. Highlights of the 2006 financials include:

--  Sales in the second half of 2006 rose by 45% compared to the first
    half of the year
--  Gross profit increased by more than 300% since the first quarter
--  Selling, General and Administrative (SGA) expenses were reduced by 51%
    in the second half compared to the first half of the year
--  Fourth Quarter 2006 SGA expenses were reduced by 66% from the First
--  The second half net loss was improved by 52% from the first half
--  The Fourth Quarter loss per outstanding share was reduced by 39% from
    the First Quarter
"The new management team took over leadership of the company on July 1, 2006," stated CEO and President Fredrick Wicks. "Since then everyone has worked hard to increase sales and prices while decreasing costs. I am really proud of how hard our entire management team has worked to improve our financial picture."

In its notes to its financials dated December 31, 2006, the company reinforced earlier announcement regarding adjustments to prior period financial statements. As a result of an internal financial review conducted during the third quarter of 2006 (3Q 2006), the company elected to make specific changes to the financial statements. The details of these changes and the complete financials with notes can be viewed at:

About Homeland Integrated Security Systems:

Homeland Integrated Security Systems owns proprietary technology in conjunction with its patent pending Cyber Tracker. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (coming 3Q 2007) technologies, In addition, CDMA and Satellite technologies are under development with release expected some time in 2007. 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 the assumptions underlying the 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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