SOURCE: Homeland Safety International, Inc.

March 19, 2008 13:20 ET

Homeland Safety Intl Announces Tentative Agreement to Acquire Financing Group to Support Homeland Sales

IRVING, TX--(Marketwire - March 19, 2008) - Homeland Safety International, Inc. (PINKSHEETS: HSFI), a provider of homeland security products and services worldwide, announced today a tentative agreement to acquire a financing entity to assist its customers with short-term financing for their purchases. The Company stated that this capability is very important in areas where budgets are not immediately available or where there is an urgent need for the products but funds cannot be freed quickly to pay for them.

The Company stated that it has identified two companies that they are pursuing and that they have gained conceptual agreement with both companies on a plan for providing this service.

In an unrelated issue, Homeland further stated that it is continuing its due diligence process to identify other acquisition targets where its international network of agents could add immediate sales value to a firm currently selling only in the U.S.

"These are major undertakings for us and big steps forward for the company," stated Paul Johnson, President of Homeland Safety International. "Both the financing issue and acquiring the right company are our highest priority."

About Homeland Safety International, Inc.

Homeland Safety is a broker for numerous products in the homeland security arena and the war on terror. Its products and services include anti-terror and counter terror security services, explosives, nuclear, biological and chemical detection products, and chemical cleanup products. The Company sells through a group of Representatives around the world that leverage their local contacts, knowledge, business protocol, and the related sales process to effectively cut the selling cycle, getting products to the market more quickly and efficiently.

Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.

Contact Information

  • Contact:
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    Angie Junell
    903-386-9943