SOURCE: Homeland Integrated Security Systems, Inc.

May 20, 2008 09:13 ET

Homeland Integrated Security Systems Releases Financial Statements for Six Month Period Ending March 31, 2008

ARDEN, NC--(Marketwire - May 20, 2008) - Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) has announced that the Company's most recent financial statements have been posted on PinkSheets.com. Over the past 18 months, the Company has been diligent in the development and release of new products, as well as reducing Selling, General and Administrative Expenses from $792,489 in the six month period ending March 31, 2007, to $485,917 in the same time span ending March, 2008.

Homeland has concentrated its focus and investment solely on the development of new products. Included are a two-inch by two-inch personal tracking device, the CT-100, a basic asset tracking product, the CT-150 and the CT-410 which is a tracking device with input/output functions for machine to machine monitoring and control applications. The Company is also developing a "plug and play" energy management module that will help fleet managers reduce energy costs. Homeland will soon release its new mapping software, which will allow it to receive recurring monthly revenue on every hardware and software sale.

The Company has continued the evolution of its centerpiece product, the Cyber Tracker, CT-1000 which now operates on GSM networks such as AT&T and T-Mobile. GSM is the predominate network throughout the world. The company has also added its own wireless data service to enable its customers to receive reduced rates.

"We have several new tracking and monitoring products on the market and are committed to improving our financials, especially the sales line," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems. "Our cost reduction program has put us in a position to where we can become very profitable as we increase our revenues."

To see the unaudited filing statement, visit the following link: www.pinksheets.com/pink/quote/quote.jsp?symbol=hisu.

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 the Company's Web site: www.hissusa.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

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Contact Information

  • Contact:
    Homeland Integrated Security Systems, Inc.
    www.hissusa.com
    or Call
    Investor Relations
    + 1-866-THE-APPL(E)