SOURCE: Homeland Integrated Security Systems Inc.

May 02, 2006 08:20 ET

Homeland Integrated Security Systems Posts Financials, Showing an Increase in Gross Profits of 369% Over First Quarter 2005

ASHEVILLE, NC -- (MARKET WIRE) -- May 2, 2006 -- Homeland Integrated Security Systems, Inc. (OTC: HISC) announced today that its financials for the first quarter ending March 31, 2006 are now complete. The company shows a net profit of $1,632 for the first three months of 2006, as compared to a ($252,928) loss for the first three months of 2005. Gross profit increased by 369% from $120,574 to $565,238; for the same period revenues were up 216% to $625,788 as compared to $197,937.

The balance sheet shows total assets increased from $1,218,758 on March 31, 2005 to $5,212,650 as of March 31, 2006, an increase of 328%.

"Our first quarter has historically been our slowest quarter for generating sales revenue. I am very pleased to announce that we have achieved our goal of remaining profitable, and have substantially increased revenues and gross profits over the first quarter of last year," stated Frank Moody, CEO, Homeland Integrated Security Systems, Inc.

Homeland Integrated Security Systems' first 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. 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 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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