SOURCE: Homeland Integrated Security Systems, Inc.

March 18, 2008 09:45 ET

Homeland Integrated Security Systems Signs LOI to Acquire Global Tracking Technologies

Closing of the Acquisition Is Targeted for June 1, 2008

ARDEN, NC--(Marketwire - March 18, 2008) - Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) announced today that it has signed a Letter of Intent (LOI) to acquire Global Tracking Technologies, LLC of Tampa, Florida for stock and other considerations. The parties have agreed that initial due diligence will be completed by April 12, 2008, with a formal agreement expected to be signed within two weeks of the completion of the initial due diligence.

GTT, headquartered in Tampa, Florida, is a rapid growth wireless GPS location based services (LBS) company. GTT ( provides proprietary LBS designs which include integrated software and hardware solutions for customers in the selected markets of cargo/container tracking, asset and vehicle tracking and personal security.

"Both companies have completed their development phases and are poised for future growth," stated Fred Wicks, CEO and President of Homeland Integrated. "Our plan is to uplift the new organization to either the OTC Bulletin Board or NASDAQ in the not too distant future."

"GTT is currently close to securing contracts on a number of large opportunities," stated Floyd Raynard, CEO of Global Tracking Technologies. "By bringing HISS products into these negotiations we have the potential of adding considerable value to the new organization."

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

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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