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Homeland Integrated Security Systems, Inc. Reports 50 Million Share Buy Back and Retirement - 6/7/2005 8:31:02 AM
ASHEVILLE, N.C., Jun 07, 2005 (BUSINESS WIRE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets: HISC) announced today that the company has concluded negotiations to buy back 50 million free trading shares in exchange for Preferred Restricted stock.
The Homeland Integrated Security Systems, Inc. Board of Directors has agreed to retire the 50 million shares upon receipt, which will reduce the outstanding and float totals significantly. The 50 million share buy back is in addition to the 10 million share buy back that the Board purchased directly from the market. That initial buy back was based upon the various events that have already unfolded, and what the Board believes will be happening in the near future. The Board elected to make this announcement because, as of this date, the company is not yet fully reporting, despite retaining GreenTree Financial Group to make applications to the Nasdaq Bulletin Board or AMEX.
Homeland Integrated Security Systems is in the process of completing its audits which is required by the NASD in order to become fully reporting. Upon completion of these audits, the company will be making its application to the Nasdaq Bulletin Board.
Homeland Integrated Security Systems recently released its year end un-audited financials for period ending December 31, 2004. Homeland Integrated Security Systems reported a Net Profit of over $550,000 for the year end. Sales for the year ended December 31, 2004 were $2,061,856 with Gross Profit for year ended December 31, 2004 of $1,585,051. Expenses for the year were less than $1,000,000 and the company reported a Net Operating Profit of $585,666.
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 Matt Maguire 1-866 THE APPL(E)
SOURCE: Homeland Integrated Security Systems, Inc. Homeland Integrated Security Systems, Inc. Matt Maguire, 1-866 THE APPL(E) www.hissusa.com .
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I've seen buybacks and share retirements over the years, but this one seems to be doing it faster than I've seen before. IMO, the more shares they retire, the more the PPS should firm up. I also agree with the post having to do with the retail sale of Cybertracker. If HISC does half the business it is forcasting, next year's financials should be very pretty. I have a sale in at .05 for enough shares to cover the cost of shares bought, so I will be playing with somebody else's money if it reaches .05 again. Meanwhile, my plan is to load up if it drops below .02 again.
Disclaimer: I am not a professional nor a pumper. All the above is my personal opinion. Please do your own DD before making any monetary decisions.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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Patience is a virtue, guys. Chill for a month or so and watch this baby hit the heights. We never know about PRs in advance, so as long as they are good ones we get a pleasant surprise.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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Just going by the pattern of pr's from them - usually one on Tue and one on Thur and they usually are awsome...keeping my fingers crossed!!!
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Homeland Integrated Security Systems Inc. Signs Exclusive Marketing Agreement for the Cyber Noze - ''The Next Generation in Portable Explosive Detection.'' Thursday June 9, 8:30 am ET
ASHEVILLE, N.C.--(BUSINESS WIRE)--June 9, 2005--Homeland Integrated Security Systems, Inc. (Pink Sheets: HISC - News) is pleased to announce that it has signed an exclusive marketing agreement for the Cyber Noze - "The Next Generation in Portable Explosive Detection" is now available for the Homeland Security market. Homeland Integrated Security Systems has the rights to distribute the Cyber Noze which was developed in conjunction with the US Navy. The device is capable of detecting trace amounts of most commercial and military explosives. The Cyber Noze offers Non Contact, Real Time Explosive trace detection.
As part of the agreement, Homeland Integrated Security Systems will be responsible for the marketing and distribution of The Cyber Noze. Homeland Integrated Security Systems, Inc. has a 30% margin on each unit sold at $29,900 per unit. Homeland Integrated Security Systems anticipates the market for the Cyber Noze to be in excess of $50 Million in the next 3 years.
The Cyber Noze employs a novel technology for the detection of explosive vapors that is more sensitive than existing devices. The advanced technique detects the presence of parts per trillion (ppt) of explosive molecules, without physical contact and in real time. The Cyber Noze has a unique "tornado" sample acquisition system which collects samples, ionizes them, and identifies the sample for an explosive. If the explosive is present, the LCD screen will display and identify the explosive and an alarm will sound.
Homeland Integrated Security Systems anticipates receiving purchase orders for the Cyber Noze in the next few weeks and will announce those orders as they come.
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 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.
-------------------------------------------------------------------------------- Contact: Homeland Integrated Security Systems Matt Maguire, 1-866 THE APPL(E) www.hissusa.com
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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quote:Originally posted by MMMMRICE: Just going by the pattern of pr's from them - usually one on Tue and one on Thur and they usually are awsome...keeping my fingers crossed!!!
Great call
MMMMMRice
Finally I did listen to the right person... on Tuesday. I bought at .022 and we should see a steady climb today with the PR, man you
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THANKS PENS, did you guys see the other big name involved with hisc....I think we have all heard of them (US NAVY)....this is going to be great!!
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You may be correct. I think it will around October, when their CyberTracker goes on sale at the stores.
We may see it rise faster with more DOD contracts and Security of the Ports, apparently the DOD contact is there, do not be caught with your pants down, when they announce BIG Contract to defend our ports.
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Homeland Integrated Security Systems Inc. Signs Exclusive Marketing Agreement for the Cyber Noze - ''The Next Generation in Portable Explosive Detection.'' - 6/9/2005 8:30:05 AM
ASHEVILLE, N.C., Jun 09, 2005 (BUSINESS WIRE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets: HISC) is pleased to announce that it has signed an exclusive marketing agreement for the Cyber Noze - "The Next Generation in Portable Explosive Detection" is now available for the Homeland Security market.
Homeland Integrated Security Systems has the rights to distribute the Cyber Noze which was developed in conjunction with the US Navy. The device is capable of detecting trace amounts of most commercial and military explosives. The Cyber Noze offers Non Contact, Real Time Explosive trace detection.
As part of the agreement, Homeland Integrated Security Systems will be responsible for the marketing and distribution of The Cyber Noze. Homeland Integrated Security Systems, Inc. has a 30% margin on each unit sold at $29,900 per unit. Homeland Integrated Security Systems anticipates the market for the Cyber Noze to be in excess of $50 Million in the next 3 years.
The Cyber Noze employs a novel technology for the detection of explosive vapors that is more sensitive than existing devices. The advanced technique detects the presence of parts per trillion (ppt) of explosive molecules, without physical contact and in real time. The Cyber Noze has a unique "tornado" sample acquisition system which collects samples, ionizes them, and identifies the sample for an explosive. If the explosive is present, the LCD screen will display and identify the explosive and an alarm will sound.
Homeland Integrated Security Systems anticipates receiving purchase orders for the Cyber Noze in the next few weeks and will announce those orders as they come.
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 Matt Maguire 1-866 THE APPL(E)
SOURCE: Homeland Integrated Security Systems Homeland Integrated Security Systems Matt Maguire, 1-866 THE APPL(E) www.hissusa.com
Quantum Sniffer Technology The Quantum Sniffer employs a novel technology for the detection of explosives vapors that is more sensitive than existing detection devices. The advanced technique detects the presence of parts per trillion (ppt) of explosives molecules, without physical contact and in real time. The unique "tornado" sample acquisition system collects the sample, ionizes it with the unique QS™ opto/electrical ionization scheme, identifies the sample via standard ion mobility technology and, if an explosive is present, will produce a visual and audible alarm. The LCD will display the identity of the explosive present and the audible alarm can be switched off if required.
QS-H100 The QS-H100 Portable Explosives Trace Detector was developed in conjunction with the U.S. Navy (NCIS and NAVEODTECHDIV) and PSEAG. The device is capable of detecting trace amounts of most commercial and military explosives, including RDX, PETN, HMX, Black Powder and Ammonium Nitrate at nanogram level concentrations. The detection is “real time” with immediate cleardown which dramatically improves throughput. The instrument is totally non-contact and does not use expensive consumables. The QS-H100 uses a proprietary opto/electrical ionization technique rather than a radioactive source for ionization and hence there is no need to deal with complicated NRC regulatory requirements.
Product Features Unique tornado sample acquisition system Rapid analysis with immediate cleardown Automated self-calibration Detection in parts per trillion (ppt) 4-hour re-chargeable battery
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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The cyber noze and the quantum sniffer sounds like same thing, just different names....by the way - found out that they have a retail site that I was unaware of http://www.cybercynergy.com/ looks pretty cool!!
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