Press Release Source: Homeland Security Capital Corp.
Homeland Security Capital Corp. Signs Letter of Intent to Acquire SecurityInc Wednesday March 8, 9:18 am ET New Consolidation Deal Expected to Generate More Than $7M in First 12 Months
ARLINGTON, Va., March 7 /PRNewswire-FirstCall/ -- Homeland Security Capital Corp. (OTC Bulletin Board: HMSC - News), a company focused on acquiring, developing and consolidating homeland security-related businesses, announced today that it has signed a letter of intent to acquire Milwaukee-based SecurityInc, a single-source manufacturer of active radio frequency identification (RFID) enabled security solutions for commercial and government sectors. SecurityInc markets its products through an established network of system integrators. ADVERTISEMENT
The acquisition, which is subject to negotiation and execution of binding definitive documents, satisfaction of certain material conditions precedent and other ordinary and customary closing conditions for a transaction of this type, is anticipated to close before the end of Homeland Security Capital Corp.'s second quarter. Terms of the transaction were not disclosed.
C. Thomas McMillen, Homeland Security Capital chairman and CEO, said, "With its experienced management team, SecurityInc is particularly well positioned to capitalize on the fast-growing RFID solutions sector, which is expected to exceed $4.4 billion in sales by 2008. SecurityInc's three component companies generated approximately $3 million in revenues in 2005 serving a variety of industries. With over 1,000 installed systems, SecurityInc has one of the largest installed bases of active RFID product solutions in the U.S. We believe the company and its subsidiaries will be an outstanding platform to build a significant RFID-enabled security company in a highly fragmented industry. We expect this new consolidation deal will generate more than $7 million in the first 12 months."
About SecurityInc
SecurityInc, LLC, which is primarily focused on RFID-enabled security solutions, is a Milwaukee-based company that boasts a management and engineering team with more than combined 100 years of experience in the RFID, security and access control industries. The company offers full solutions for access control, asset protection and asset tracking for commercial, institutional and government clients. Many of the professionals on the SecurityInc team are originators of the security industry's leading systems and products. For more information, visit http://www.securityinc.com.
About Homeland Security Capital
Homeland Security Capital is a consolidator in the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital intends to operate businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows.
For investor relations information regarding Homeland Security Capital, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-looking statement: This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
Company Contact: Homeland Security Capital Corp. C. Thomas McMillen (703) 528-7073 tmcmillen*hscapcorp.com
Investor Relations: Hawk Associates Inc. Frank Hawkins or Julie Marshall (305) 451-1888 info*hawkassociates.com
-------------------- money for nothing!! Posts: 362 | Registered: Jan 2006
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more than 100mio shares traded - 20% up yesterday - strong closing near HOD yesterday! more acquisitons to come - next one in the intelligence area (according to his interview)...
Posts: 213 | Registered: Oct 2005
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Homeland Security Capital Corp. Signs Letter of Intent to Acquire Viscom Systems Thursday March 9, 9:13 am ET Deal Expected to Generate More Than $9M in 2006 Revenue
ARLINGTON, Va., March 9 /PRNewswire-FirstCall/ -- Homeland Security Capital Corp. (OTC Bulletin Board: HMSC - News), a company focused on acquiring, developing and consolidating homeland security-related businesses, announced today that its subsidiary, Nexus Technologies Group, Inc. (http://www.nexusna.com) has signed a letter of intent to acquire Viscom Systems, Inc. (http://viscomsystems.com), a security integrator based in Cambridge, Massachusetts. ADVERTISEMENT
The acquisition, which is subject to negotiation and execution of binding definitive documents, satisfaction of certain material conditions precedent and other ordinary and customary closing conditions for a transaction of this type, is anticipated to close before the end of Homeland Security Capital Corp.'s second quarter.
Viscom is a New England systems integrator for the corporate and government security markets with revenues in excess of $8.0 million for the fiscal year ending May 31, 2005.
Viscom was established in 1986 and has grown to over 35 employees. The company provides turnkey security systems integration in the greater New England area, with prestigious customer names including Prudential Center, Fidelity Investments, MetLife and General Electric.
C. Thomas McMillen, Homeland Security Capital chairman and CEO said, "This is an important step in our growth strategy. The combination of Viscom, a very successful New England security integrator, with our mid-Atlantic platform company Nexus Technologies, would provide greater geographic reach while enhancing shareholder value. We expect this acquisition will generate more than $9 million in 2006 revenue."
About Nexus Technologies Group
Nexus Technologies Group, headquartered in Hawthorne, N.Y., provides integrated security solutions for the corporate and government security markets. Through its subsidiary, Corporate Security Solutions, Nexus offers its own brand of security integration, leveraging more than 50 years of combined industry experience to provide unique security solutions. Utilizing cutting-edge technologies, Nexus provides innovative, engineered and scaleable solutions to effectively protect people, property and assets. For more information, visit http://www.nexusna.com.
About Homeland Security Capital
Homeland Security Capital is a consolidator in the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital intends to operate businesses that provide homeland security product and service solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues from promising security products and services but face challenges in scaling their businesses to capitalize on homeland security opportunities. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows.
For investor relations information regarding Homeland Security Capital, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-looking statement: This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
Contact Information Hawk Associates, Inc. Frank N. Hawkins, Jr. or Julie Marshall Phone: (305) 451-1888 E-mail: info*hawkassociates.com
-------------------- money for nothing!! Posts: 362 | Registered: Jan 2006
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We are going to pennyland very soon!!!!!!!!!!! No doubt in my mind that HMSC is going to make us all rich. They have acquired 3 companies in less than a month!!! With another 2-3 companies expected to be puchased this year. Add to that, millions of revenue already on the table.
Posts: 1254 | Registered: Aug 2005
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To me HMSC is going to be in Pennyland in the next few weeks. I wanted this stock a few days ago but had to wait for money to clear. This will never be this cheap again. Great swing play
-------------------- I never knew a Nickle was worth so much.... Posts: 470 | From: New Jersey | Registered: Mar 2005
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quote:Originally posted by Mule: To me HMSC is going to be in Pennyland in the next few weeks. I wanted this stock a few days ago but had to wait for money to clear. This will never be this cheap again. Great swing play
I'm calling for more money as I need to get in a few million before it really runs up.
Posts: 1254 | Registered: Aug 2005
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news is not enough... you need to get the word out and get some volume. This stock is just trudging along making steady gains on crap volume. If it had USXP or PCCE volume we would have so much money you couldnt count it all. More volume is the key. Good news only goes so far. If you are long like me, then it is a steady gainer, but I like to see the spikes like everyone else!!
Posts: 2063 | From: Europe | Registered: Feb 2006
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I think this is still a great time to accumulate - once their website is up, once they announce new contracts/revenues by their new subsidiaries, we wont be able to get this under 1. In one year from now, some folks will kick themselves for not getting into this one. I seriously do not want to be appear as a pumper - but this seesm like the best micro-penny in the few years that I've been playing. The last one I did a 10x, was HISC (got in *.005 at the time)...and this one seems to me far, far bigger than HISC...
Posts: 213 | Registered: Oct 2005
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Yeah, this is one of the companies with substance, just like PTSC, and even the struggling CNES. I believe in this one. Would like to see more interest in it from the outside. I agree this thing has alot of room and the charts support that.
Posts: 2063 | From: Europe | Registered: Feb 2006
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I agree its only a matter of time.They will be one of the leaders in this 200 Billion dollar industry. Some good DD at southendstockpickers.com http://www.southendstockpickers.com/
-------------------- I never knew a Nickle was worth so much.... Posts: 470 | From: New Jersey | Registered: Mar 2005
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