SOURCE: Homeland Security Corporation

January 16, 2014 10:00 ET

Homeland Security Corporation Provides Corporate Update and MJ Summary

WRIGHTWOOD, CA--(Marketwired - Jan 16, 2014) -  Homeland Security Corporation (HSC, the Company) (PINKSHEETS: HSCC) is pleased to announce a corporate update and MJ summary.

Fiscal 2013 was a year of significant progress for HSC. We showed a marked increase in sales revenue from security, surveillance and process monitoring systems with our core fortune 500 customers. We continued to make great strides in delivering on our strategic initiatives and building relationships in the rapidly expanding MJ market. Overall, the company's operations, competitive posture and foundation for growth are all stronger today than it has ever been. We are on track to meet and exceed our 2014 projections for a continued profitable core business and explosive growth in the MJ sector.

The legalization of Marijuana in Colorado in early 2013 sparked the Green Rush, arguably it may prove to be one of the most significant events to shape American history during the first half of this century. HSC's primary focus in the past several months has been on the formation of key alliances with the top MJ companies laying the ground work to be on the leading edge of a rapidly advancing MJ industry, while helping our customers achieve their unique vision of success.

Gary Williams, VP HSC, stated, "We are currently working with several MMJ/MJ facilities in CO, CA and WA which will be announced in the coming weeks. We are working closely with Cannabiz Holdings of Spokane WA, a venture capital group, designing and providing complete compliance and security solutions for their new 'Totally Weed' marijuana retail stores." 

Gordon Fagras, Director of Cannabiz Holdings, said, "We are excited to have the experience of HSC and all its alliance companies as we expand into Washington's recreational MJ market. The backing of HSC's extensive network of MJ companies ensures that our initial three MJ retail stores will not only be 100% compliant with all laws and regulations, but offer the best products and services."

We would like to thank our shareholders for their continued support. We are optimistic the evolving strategic initiatives and HSCC's non diluted share structure will drive substantial increases in shareholder value in 2014.

Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, along with statements regarding Homeland's performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those anticipated.

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  • Homeland Security Corporation
    David L. Shade