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.
For more information: www.hissusa.com Matt Maguire 1-866 THE APPL(E)
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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