SOURCE: Homeland Integrated Security Systems, Inc.

April 05, 2007 08:30 ET

Homeland Integrated Security Systems Reduces the Number of Outstanding Common Shares of Stock by 16%

ASHEVILLE, NC -- (MARKET WIRE) -- April 5, 2007 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the Company has removed more than 826,000,000 common shares from the float during the first quarter of 2007. This action reduces the number of outstanding shares to 4,207,586,254, which is more than a 16% reduction since December 31, 2006.

The share reduction was accomplished by Homeland's Board of Directors and former Director, Chris Panel removing common shares and converting them to preferred stock.

"This is the second major reduction in shares we have been able to accomplish," stated Brian Riley, Chairman of the Board of Directors and COO. "In 2006 we reported that 30 million common shares had been retired. We were able to increase that amount by another 70 million during the fourth quarter of 2006."

"This reduction in common shares increases the value per share," stated Fred Wicks, CEO and President of Homeland. "Although this reduction is a significant step, we are committed to continuing our efforts to reduce the number of shares outstanding."

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 www.hissusa.com.

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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