posted
Any opinions on this???? My thought is this could be very good for stock holders.......looking for other opinions from people here who might have seen this type thing happen before. Good or bad????
ASHEVILLE, NC--(MARKET WIRE)--Feb 7, 2006 -- Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) announced today it plans to pursue possible merger and acquisition candidates in order to speed up its move to uplist its stock to either the NASDAQ Bulletin Board, the NASDAQ, or AMEX exchange.
Homeland Integrated Security Systems, Inc. has begun to pursue other merger and acquisition opportunities with companies already listed on a larger exchange. The desired result would be for Homeland Integrated Security Systems and ActSoft to be traded on that exchange.
"We believe that it is in the best interest of our shareholders to have found a faster way to reach the goal of placing our stock on a larger and more regulated exchange," said Homeland Integrated Security Systems, Inc. CEO, Frank A. Moody, II. "We believe this move will be better for our company and our shareholders."
The identity of the target company, as well as the exchange on which it is traded, has not yet been released.
Last year, the Homeland Integrated Security Systems, Inc. board of directors decided to uplist the company's stock from the Pink Sheets to The NASDAQ Bulletin Board, and filed an SB-2 with the Securities and Exchange Commission in December 2005 to begin that process, which takes several months to complete. Since then, Homeland Integrated Securities has completed and filed its two years of audited financial statements.
"In plain English, the reason we are doing this is we are in a hurry to get some things accomplished," Moody said. "We're small, we have a chance to grow right now, and we want to seize the opportunity."
"In the past few weeks we have found significant opportunities, both in the United States and in the Middle East, which require us to take some actions that could not be taken if we were restricted under the rules of the 'quiet period' that accompanies our SB-2 filing," Moody said. "One advantage of a small company is that it is nimble, and we need to reclaim that."
Homeland Integrated Security Systems, Inc. has filed notice with the SEC to withdraw the SB-2, effective immediately.
"The reason for the withdrawal is simple," Moody said. "The rules wouldn't allow us to pursue both the SB-2 and the acquisition at the same time, so we had to choose.
"Negotiations for the proposed acquisition should be completed with an offer tendered to the shareholders during the 2nd quarter of this year," said Moody.
That acquisition is in addition to the Homeland Integrated Security Systems, Inc. merger with ActSoft.
Homeland Integrated Security Systems, Inc. is arranging for a nationwide teleconference with its shareholders to discuss this and other issues relating to the business. This teleconference also will include a Web-based demonstration of the company's Cyber Tracker, which is now in full production.
Details of the teleconference and Webcast will be announced within the next couple of weeks.
For more information on Homeland Integrated Security Systems, Inc. or the Cyber Tracker, please see www.hissusa.com.
-------------------- Who's more foolish, the fool or the fool who follows him?
posted
Any opinions please??? Any seasoned investors here, thoughts ??????? I would have thought this to be good news...... or is it just to vague a PR??
Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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posted
What.....no opinions? My feelings are hurt.....no one will talk to me....no responses at all! (I'm beginning to think I may have a big booger hanging from my nose. LOL)
Bob
Going to check the mirror now!
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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posted
LOL....funny guy. At this point I would say it is a good thing. If they have a candidate in mind for acquisition/merger and can vault past the OTCBB straight to the AMEX or Nasdaq, thats great. It would open alot more doors for the company. But, and there's always a but, alot more info is needed before a true determination can be made. The promised SH teleconference to be announced within the next couple weeks should shed alot more light on the situation. Since they have withdrawn their SB-2, they may already be in negotiations with a candidate company, and the upcoming teleconference may just be an announcement of a done deal. Hard to say at this point, but definitely worth watching IMO. GLTA!!
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
This is gonna go big today!!! IMO Good bank today!!!!
Homeland Integrated Security Systems Signs Letter of Intent to Merge With NASDAQ Bulletin Board Company
Homeland to Make Offer to Shareholders of Record by April 14
ASHEVILLE, NC -- (MARKET WIRE) -- 02/21/06 -- Homeland Integrated Security Systems, Inc. (OTC: HISC) is pleased to announce that they have signed a letter of intent to merge with a NASDAQ Bulletin Board company. According to the letter of intent, the due diligence period will be concluded in the next 20 days, with the merger of certain Homeland assets thereafter.
Upon the merger with the NASDAQ Bulletin Board company, Homeland Integrated Security Systems intends to issue a stock dividend of the new Bulletin Board Company to all shareholders of record of Homeland Integrated Security Systems Inc. Based upon the existing timetable, the Company intends to establish a record date for the dividend which will be offered to shareholders by April 14.
Homeland Integrated Security Systems, Inc. will continue to sell to the Homeland security market in the US and internationally. Homeland Integrated Security Systems will maintain all of its current distribution agreements.
The new Bulletin Board Company will complete the merger with ActSoft and will buy other assets from Homeland Integrated Security Systems, Inc. Homeland Integrated Security Systems will unveil the symbol of its merger partner shortly after the completion of the due diligence period.
Homeland Integrated Security Systems, Inc. is arranging for a nationwide teleconference with its shareholders to discuss this and other issues relating to the business. This teleconference also will include a Web-based demonstration of the company's Cyber Tracker, which is now in full production. Details of the teleconference and Webcast will be announced within the next couple of weeks.
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. Cyber Tracker technology has applications for data and tracking functions across numerous verticals, utilizing IDEN, GSM, and Satellite technologies (CDMA version coming mid-year 2006).
For more information please visit our website www.hissusa.com or contact Matt Maguire 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.
XPress Signs Exclusive Agreement to Use Company's Software
ASHEVILLE, NC--(MARKET WIRE)--Mar 3, 2006 -- Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) has received an order for 1,000 of its patent-pending iDEN Cyber Trackers from XPress Telecommunications of Amman, Jordan. XPress was the first Arab company in the Middle East to introduce the iDEN technology, which combines the abilities of ordinary mobile phones with the instantaneous Direct Connect (walkie-talkie) service. As part of the order, Xpress has signed an exclusive agreement on using Homeland Integrated Security System software. Homeland Integrated Security Systems will be fulfilling the order immediately.
"XPress Telecommunications is the Middle East's leader in the Direct Connect field, and the fact that it has chosen to add the Cyber Tracker to its line of products is extremely significant," said Frank A. Moody, II, CEO of Homeland Integrated Security Systems. "We will have the Cyber Trackers available for display in Xpress showrooms right away, so customers can take advantage of all of the features of this revolutionary GPS device."
The Cyber Tracker is a GPS device that features real-time tracking, geo-fencing, and push-to-talk technology along with an extended-life battery. Developed by Homeland Security Systems, the Cyber Tracker is the first of its kind to offer this combination of technology in an tracking device that monitors a vehicle's location, stops, and speed, all at an affordable cost. The Cyber Tracker's convenient rugged design (5" x 5" x 1") makes it applicable in a variety of situations where it is necessary to know the exact location of a person or object.
XPress was granted the exclusivity of deploying iDEN by telecom giant Motorola, who developed the technology in 1994. XPress currently retains over 200 employees, 98% of which are Jordanian. The company's own nationwide network covers 95% of populated areas across the country, and is continuously undergoing optimization.
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. Cyber Tracker technology has applications for data and tracking functions across numerous verticals. For more information please visit our website www.hissusa.com.
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.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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Still seems people are skeptical.....it's still a pink and merger news is still to vague. Still a big gamble until people know whats going to happen and some real financials are given!!!
All my opinion, though I look to the possibilities:
Definitly alot of potential with HISC.... Time will tell.
Just for an example: I've looked at Company's with similar products. This one even seems to me as a possible merger possibility. Trades on Nasdaq BB, (ATTG) trades over $2.00 and there product line does not have as good capabilities. IMO..... Take a look at their website and recent news. They are based out of the U.K. and recently announced moving an office to the US. (Could it be to HISC office????) They also have tracking device contracts in Jordan!
All just things to ponder.....The merger news soon to come will explain all, I can only believe it will be good. IMHO
Bob
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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