posted
Homeland Integrated Security Systems Announces Share Retirement
Nov 30, 2006 08:31:36 (ET)
ASHEVILLE, NC, Nov 30, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that it has retired more than 30 million shares of stock previously held by Tri State Title and Escrow as collateral in the original agreement to purchase a controlling interest in Evans Systems, Inc. The shares were no longer required as the original agreement was superseded by one that did not require any escrowed shares.
"This retirement of shares reinforces our strategy to reduce the number of shares that are outstanding," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems. "We have in place a long-term strategy to reduce the number of shares outstanding. However, I want to emphasize that it may take considerable time to achieve this goal through our buy-back strategy," Mr. Wicks said. Mr. Wicks also reiterated that there was no immediate plan to recapitalize the company.
In another announcement, the company corrected an earlier press release on October deliveries. "We had announced deliveries of 239 Cyber Trackers in October," stated Mr. Wicks. "This number was reduced when an order for 73 Cyber Trackers in the process of being delivered was placed on hold by the customer. We still anticipate delivering these units in 60 to 90 days."
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).
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 please visit our website www.hissusa.com .
Contact: Investor Relations: (828) 681-5152 x114
SOURCE: Homeland Integrated Security Systems, Inc.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
30M shares out of 2.3 BILLION. Like peeing in the ocean.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Member Rated: posted November 30, 2006 10:42 AM -------------------------------------------------------------------------------- 30M shares out of 2.3 BILLION. Like peeing in the ocean.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
It's the float that makes a stock move ...not the A/S or the O/S...Does anyone know the current float? On 11/01/04 the float was 12,434,258...I got that off Pinksheets...Does anyone have the current number?
quote:Originally posted by ed19363: 30M shares out of 2.3 BILLION. Like peeing in the ocean.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Last I heard the float was in the neighborhood of 550 million.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Thanks Ed...This stock is a watch today...If it holds .001 support it could move...Keeping a close eye out for a nice move if they're done with dilution. I've been looking for a Christmas present, maybe this one's it...
quote:Originally posted by ed19363: Last I heard the float was in the neighborhood of 550 million.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
this one will be a big winner as time goes by i am sure of this last time a few years back the samething happened, they diluted the shyt out of it and then announced a buy back and i loaded at 003 and it went all the way to like .15!! i sold alot earlier but yeah this time its down from .15 to about .0009 i loaded at .0009 .001 .0012 and some alot higher as high as .0085 my average right now is about .0040 as i bought alot at higher levels, but i know this one will run in the next few days,weeks and monthes, should be a monster play imo
also check out SEVI another similar play just loading up waiting for the run
HISC will be HUGE
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
I am just about the same boat as you. This is definitely gaining strength though!!!!
Posts: 235 | From: Boston | Registered: Oct 2006
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posted
Needs to hold .0023 resistance on the bid then we move to .0036 the 50 MA...if it passes that level it's wide open...watch for the .0023 resistance first tomorrow......
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
HOMELAND INTEGRATED (U-HISC) - News Release Homeland Integrated Security Systems Uses Cyber Tracker "Smart Box" Functionality on Cannon Pacific Order
2006-12-07 08:31 ET - News Release
ASHEVILLE, NC -- (MARKET WIRE) -- 12/07/06
Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the Company has installed its patent pending Cyber Tracker along with an I/O controller on four street sweeping trucks in San Diego, California. This order with Cannon Pacific is their second implementation of Cyber Trackers, but the first with the increased functionality. Cannon Pacific had previously installed 18 Cyber Trackers on their fleet of street sweepers to track the location of equipment.
The I/O controller allows the Cyber Tracker to not only locate the position of the street sweeper, but can also tell management when the brushes are actually down and in use for precise billing information. "Cannon's use of telemetry devices gives us essential management information that moves us beyond just GPS tracking," according to Steve King of Cannon Pacific.
"The addition of the I/O controller to the Cyber Tracker begins a new phase in our marketing efforts. Our customers can now look beyond the Cyber Tracker as a just a tracking device to a unit that has tracking plus the ability to transmit the data from anything that can be measured or monitored electronically," stated Ian Riley, CTO of Homeland Integrated Security Systems
"This sale represents a huge step forward in the development and demonstration of the complete Cyber Tracker Technology. We are all very excited at the prospect of introducing the Cyber Tracker technology to a variety of new markets as well as expanding on our current ones," according to Fred Wicks, President and CEO of Homeland Integrated Security Systems, Inc.
Posts: 5120 | Registered: Jun 2004
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