SOURCE: HS3 Technologies, Inc.

August 16, 2007 06:26 ET

HS3 Technologies, Inc. Completes First Annual General Meeting

Elects Board and Appoints New Auditor

DENVER, CO--(Marketwire - August 16, 2007) - HS3 Technologies, Inc. (OTCBB: HSTH), a national provider of security solutions, held the first annual meeting at the corporate offices. The Company is pleased to announce the results of its annual general meeting held on August 14, 2007. The meeting was held pursuant to a request of certain shareholders of the Company. The requisition lead to a court order, which was not opposed by the Company. At the annual general meeting, the management-nominated slate of directors was voted upon positively by the shareholders of the Company. Two additional outside directors, Charles Ferris and Michael Yinger were added to the board as a result. The votes represented in person or by proxy were cast as follows:

                  For             Withheld
Mark Lana         10,540,748      328,260
Rob Morrison      9,290,998       1,578,010
Charles Ferris    10,540,998      328,010
Michael Yinger    10,540,748      328,260

Certain shareholders of the Company expressed a variety of concerns at the meeting, most specifically in the area of shareholder communication. The Company has undertaken steps to improve in this area. In addition, the Company invited the shareholders present to propose a further candidate for the Company's Board of Directors.

About HS3 Technologies, Inc.

HS3 Technologies, Inc. ("HS3") is a national provider of innovative security solutions, headquartered in Denver, Colorado. HS3 provides technologies and services through a national authorized dealer and distribution program. Utilizing independent sales professionals, national distribution and local dealers, HS3 offers custom security solutions for commercial, residential, government and military applications. These state-of-the-art products include digital video recording technology (DVR), biometric access control (door locks), personal biometric identification units, CCTV, video monitoring centers, cellular networks, wireless mesh networks units and wireless internet-linked satellite surveillance systems. HS3 Technologies is bringing together technologies, services and people to fulfill the increasing global security needs of today and tomorrow.

Forward-Looking Statement Disclaimer

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the completion of product trials with Fortune 500 companies or any government agencies, the successful completion of any product demonstrations that will lead to any installation, or that our sales pipeline will allow us to move into the next phase of our growth plan.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage technology company and its products and the entry into new markets for our products and services. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Investor Contact:
    Redwood Consultants

    Company Contact:
    HS3 Technologies, Inc.
    Mark Lana