Published:
Homeland Integrated Security Systems Anticipating Increased Revenue and Uplisting to the OTCBB in 2006
With Final Testing of the CyberTracker Now Completed, Merger With ActSoft Imminent, and International Strategic Alliances in Place and More Developing, Anticipated Revenues in 2006 Are Expected to Exceed Budgeted Goals of $55 Million
Homeland Integrated Security Systems, Inc.
(OTC: HISC) is pleased to announce that it has completed and submitted its
Form SB-2 for the up list and application to the NASDAQ Bulletin Board.
Included in the Form SB-2 filing is stock registered at $.50 for Homeland
Integrated Security Systems to acquire 100% of ActSoft Inc. for $15 Million
cash or other consideration. ActSoft, a Tampa-based GPS software company,
is profitable with more than $6,000,000 in sales in 2005 and $2,200,000 Net
Profit. ActSoft is projecting its 2006 totals to exceed $12,000,000 in
sales with more than $5,000,000 to its bottom line.
Homeland Integrated Security Systems has also announced that it has a
sizable backlog of purchase orders, totaling nearly $8 Million, from
Pro.Sec Security in Lebanon. The orders both for the CyberTracker and trace
detection units are on schedule to be delivered by July 2006. These orders
are in addition to initial orders received from Garda World, the Royal
Canadian Mounted Police, the Knox County Tennessee School System, and the
Chili House Restaurant chain in Amman, Jordan.
The company has also completed the development of several of its products,
the CyberTracker V.1 and the Cyber Rad Gamma Radiation sensor. Several
strategic marketing and distribution agreements have also been made in 2005
with Implant Sciences, Gizmo Grid, Duke Pro, and Guardian Shield
Protection, Inc.
The company anticipates achieving the budgeted goals of $55 Million in 2006
by finalizing its International strategic marketing relationships,
fulfilling the balance of the outstanding purchase orders, completing the
development of the new GSM and CDMA models which will provide access to
more than 170 wireless networks worldwide, along with the co-marketing of
ActSoft's Comet Tracker software, and residual income derived from service
plans.
Homeland Integrated Security Systems has played a significant role at
several domestic and international trade and security shows in the past
year, including the Maritime Security Expo, the "Made in America" Trade
Show in Lebanon, and the 12th World Congress on Intelligent Transport
Systems. HISC recently announced that it will be featured at the 2006
International Consumer Electronics Show (CES®) to be held in Las Vegas
January 5-8, 2006.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has
the rights to use patents to some of the most innovative and sophisticated
security products. One of the key target markets is the 361 commercial
seaports in the US which are vulnerable to criminal penetration. The
company is now accepting pre orders for the Cyber Tracker at
www.hissusa.com.
For more information please visit our website www.hissusa.com or contact
Investor Relations 1-866 THE APPL(E)
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements
about the Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking statements be
subject to the safe harbors created thereby. Homeland Integrated Security
Systems, Inc. is a development stage company who continues to be dependent
upon outside capital to sustain its existence. Since these statements
(future operational results and sales) involve risks and uncertainties and
are subject to change at any time, the Company's actual results may differ
materially from expected results.
Distributed by Market Wire
Copyright © 2009, MarketWire
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Tags: ,Aerospace and Defense:ElectronicsandCommunications, ComputersandSoftware:Software, Government:Security(lawenforcement,homelandetc), ,INTHPINK,NC,ASHEVILLE, NC
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