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Homeland integrated security systems will be presenting audited financial at shareholders meeting!
HOMELAND INTEGRATED SECURITY SYSTEMS, INC. One Town Square Boulevard, Suite 347 Asheville, Florida 28803 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held On October 21 2005 To Our Stockholders: The Annual Meeting of Stockholders of Homeland Integrated Security Systems, Inc. (the "Company") will be held Friday, October 21, 2005, at 10:00 a.m. Eastern Standard Time, at the Ritz Carlton – Buckhead located at 3434 Peachtree Boulevard, Atlanta, Georgia 30326. The purposes of the meeting are: 1. To elect a Board of Directors to serve for the ensuing year; 2. To approve the Company’s accounting firm for 2005/2006; 3. To present audited results of operations; 4. To consider and act upon such other matters as may properly come before the meeting or any adjournment thereof. Holders of the Company's Common Stock of record at the close of business on September 28, 2005, is entitled to receive notice of and to vote at the meeting. The accompanying Information Statement is furnished on behalf of the Board of Directors of the Company and provides an additional notice of the Company's Annual Meeting of Stockholders. WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. For the Board of Directors Brian Riley Secretary Asheville, North Carolina September 28, 2005
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I really like this part 1. issued 9,515,000 Series A preferred shares in exchange for 291,350,000 Common Shares 2. Issued 20,654,167 Series B Preferred shares in exchange for 103,270,835 3. Issued 100,000 Series C Preferred shares in exchange for $100,000 4. Issued 995,000 Series C Preferred shares in exchange for conversion of notes payable for which the issuance of the notes originally generated cash proceeds tothe company in the amount of $995,000
note here they sold Preferred C shares for $ 1 for one shares. Thats really goood good sign, someone ready to buy for $1.
-------------------- 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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Brendo, Look the Preferred A and B conversion. They converted 291,350,000 + 103,270,835 Mil shares. It shows strong belief towards company. Its all very good sign
-------------------- 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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With the Nation's continued heightened focus on security I am thinking about topping off Monday with some additional shares. Could be a couple of short runs on this in anticipation of the shareholder's meeting, OTC:BB, Export license, etc. Good luck to you
posted
Reminder on HISC. Unaudited financials did come out last Friday which was discovered by Galaxy today. Please review above. Good luck to everyone.
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Obvious question is, "Why didn't mgt release it in the regular manner?" Quarter income looked OK, but 9 mos. not good. Am remembering earlier projections of huge profits for 2005....am disappointed with 9 mos results. Balance Sheet (Current Assets vs Current Liabilities) looks good.
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quote:Originally posted by Wallace#1: Obvious question is, "Why didn't mgt release it in the regular manner?" Quarter income looked OK, but 9 mos. not good. Am remembering earlier projections of huge profits for 2005....am disappointed with 9 mos results. Balance Sheet (Current Assets vs Current Liabilities) looks good.
Year is not over. Begin shipping Pro.Sec orders in 4Q as per previous PR releases($5.5M and $2.5M). 4Q numbers should be huge. They should hit projections just on existing orders in hand.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Okay guys, here is I’m interpreting the balance sheet into simple way. Why I call company is excellent level.
First Quarter Sales Income => 197,937 Gross Profit => 120,574 Cost for goods sold = (77,363) Administrative expense = (373,502) So total expense = (- 450,865)
So the Loss => 197,937 + (-450,860) = (-252,928) So Net Loss $-252,928
Company don’t have any Cash = 0 Deposit = 17,378 Total Asset 1,218,758
This (-88,162) loss carry from last year. Total Deficit = (-88,162) + (-252,928) = (-341,090)
Common shares => 828,700,188 Company don’t have any well planned share structure, exactly same like pinksheet company.
2nd Quarter Sales Income 237,133 ( Sales increased to $39,196 compare to 1st quarter, that is 19.8% increased sales)
Cost for goods sold = (82,848) Administrative expense = (136,366) Other expense = (11,508) So total expense = (82,848 + 136,366 + 11,508) = (-976,722)
Gross Profit = 154,285 ( Gross profit increased to $33,711 compare to 1st quarter, that is 28% increased gross profit) Net Profit => 6,411
Deficit = (-341,090) + 6,411 = (-334,679) ( Deficit decreased by $ 6,411, that is 2 %)
Common Shares => 731,857,658 Preferred Shares => 4,500,000
3rd Quarter Sales Income => 880,670 ( Sales increased to $643,537 compare to 2nd quarter, that is 262.4% increased sales)
cost for goods sold = (321,401) ( This is good sign, because they are spending add and shows, that brings revenue) Administrative expense = (539,854) (Another good sign paying good salary to employ and good environment and good place)
So total expense = (321,401 + 539,854) = (-861,255) ( Total expense is reduced to $115, 467, that is 12% reduced expense compare to 2nd quarter)
Gross Profit = 559,269 ( Gross profit increased to $404,984 compare to 2nd quarter, that is 262.4% increased gross profit)
Net Profit = 19,415 ( Net profit increased to $13,004 compare to 2nd quarter, that is 203% increased Net profit)
Cash = 648,535 ( Cash increased to $99,868 compare to 2nd quarter, that is 18.2%) Inventory = 559,847 (Inventory increased to $301,977 compare to 2nd quarter, that is 117%) Software = 995,752 ( Software investment increased to $708,419 compare to 2nd quarter, that is 247%, This is very good, because CyberTracker need good working application and it will return more money to company, monthly fee) Deposit = 17,378
Total Asset => 3,307,632
Deficit = (-334,679) + 19,415 = (-315,264) ( Deficit is decreased by $ 19,415, that is 6% compare to 2nd quarter, lots of people say, look the deficit, Though compare to sales and total expense, this deficit is nothing, no need to compare or think about this deficit, because total expense is $861,255 and sales income is 880,670.)
Common Shares => 756,139,998 Class A =>14,015,000 Class B => 20,654,167 Class C => 2,773,864 ( This is very good value, sold for $1)
The share structure is very well defined and well handled. Some people say, look class A, B and C shares, they can convert anytime, but HISC has cash on hand and also, Class C shares sold for $1, that means huge future and potential for this stock)
So from this, 4th quarter can pay off the Deficit and very profit and value will increase more and more.
Now the company really going forward to corporate culture. I love that.
-------------------- 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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Wallace... I never thought or meant to imply you were bashing. Was just pointing out the larger numbers that will be in play for 4Q. Also, I would think the last 9 months would have alot of R&D costs for Cyber Tracker, new hires(ie. Barry Bennett and others), and store overhead, as well as operating expenses incurred that would account for the deficit for the previous 9 month period. But as you pointed out, they turned a profit in the 3Q.
So my extrapolation of that is that the 4Q numbers should be huge, matching or surpassing earlier projections by the company.
As far as why they haven't PR'ed the 3Q numbers, I'm not certain. If the numbers came out AH on Friday, maybe there will be a PR Monday? Your guess is as good as mine on that point.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Director of Georgia Maritime Logistics Innovation Center to Speak at Homeland Integrated Security Systems Shareholders Meeting
ATLANTA, GA, Oct 10, 2005 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems (OTC: HISC) announced today that Page Siplon, the director of Georgia's Maritime Logistic Innovation Center (MLIC), will be a speaker at the company's annual shareholders' meeting to be held in Atlanta, October 20-21, 2005. Mr. Siplon will be speaking on the topic of seaport security and how the MLIC is working with Homeland Integrated Security Systems to test the company's new Cyber Tracker device. The MLIC is one of the country's few organizations able to develop maritime-related solutions by testing university research and privately developed technologies in an active port environment. Mr. Siplon will outline the pilot project at the Port of Savannah and discuss the recently completed white paper on the Cyber Tracker project. The Port of Savannah's Garden City Terminal is the largest single terminal container operation in the U.S. with over 1,200 acres of property. There are up to 8,000 trucks entering the Port everyday. The challenge of tracking and pinpointing the location of each vehicle real-time is daunting in its complexity. To help address this massive security issue, the Savannah Port asked Homeland Integrated Security Systems to pilot-test the Cyber Tracker.
"Seaport security is an integral part of the Cyber Tracker and the project at the Port of Savannah has played a major role in its development," said Frank Moody, CEO of Homeland Integrated Security Systems, Inc. "Mr. Siplon's remarks should be of major interest to our shareholders, as well as anyone who is interested in the security of the world's ports."
About the Maritime Logistics Innovation Center
The Maritime Logistics Innovation Center (MLIC) is a partnership between private industry, academia, and government authorities working together to cultivate and promote economic development within the State of Georgia. Through open communication and shared resources, the MLIC works to identify, create, and implement technological advancements in maritime logistics.
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 http://www.hissusa.com.
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-------------------- 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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posted
Okay guys, I did some Ratio Analysis for HISC. HISC is very STRONG
Performance Analysis:
1. Cash Flow to Assets:
For 3rd quarter is 27% and For 9 months 40%. It is very good and positive. If Cash Flow ratio is above 25% always good. And company shouldn’t run into any problems generating cash. When the ratio declines below 10% then there is real problem to pay bills and cash. So HISC is really well good level.
2. Gross Profit Margin Analysis ( Gross profit margin analysis is not an exact estimate of the company’s pricing strategy but it does give a good indication of financial health.)
For 3rd quarter is 64% and For 9 months 63.3%. HISC has gross margin of 64% and also stable. Therefore HISC mark-up is over 100% of the cost.
3. Profit Margin
For 3rd quarter are around 1% that means, for each dollar of sales that HISC generates it is contributing less than one cent to its bottom line (net income). This ties in with gross profit margin, HISC has a very healthy pricing strategy which is evident in Gross Profit Margin Analysis. HISC is new startup company, so they are spending money for add, shows and research. That’s good for company future growth.
Activity Analysis:
1. Asset Turnover ( This ratio is useful to determine the amount of sales that are generated from each dollar of assets)
For 3rd quarter is 27% and for 9 months 40%. This ratio is more useful for growth companies to check if in fact they are growing revenue in proportion to sales.
2. Collection Ratio Analysis
For 3rd quarter are 301.6. Collection ratio is not look good. Though HISC is new to market, they will be alright in future. Most of case 37 days for customers to clear their invoices.
3. Inventory Turnover
For 3rd quarter is 1.7. Though HISC need inventory to meet demand.
Financing Analysis:
1. Debt-Asset Ratio analysis
For 3rd quarter is 24.3%. Not a particularly exciting ratio, but a useful one. HISC debt/asset ratio is fairly low, meaning that its assets are financed more through equity rather than debt. And if you notice HISC has zero long term debt and shouldn’t have worry about creditors getting nervous. Companies with high ratios are placing themselves at risk, especially in an increasing interest rate market. Creditors are bound to get worried if the company is exposed to a larger amount of debt and may demand that the company pay some of it back. So HISC is STRONG.
2. Debt-Equity Ratio Analysis ( If the ratio is high ( financed more with debt) then the company is in a risky position- especially if interest rates are on the rise)
For 3rd quarter is 0.32. For the most part a rise in share capital is better than a rise a debt. 0.32 means that HISC is exposing itself to a large amount of equity. This is certainly better than a high ratio of 2 or more since this would expose HISC to risk such as interest rate increase and creditor nervousness. This will improve when issue debt or use revenue and use the cash to buyback some of outstanding shares. HISC is great position.
Liquidity Warning Analysis:
1. Acid Test A stringent test that indicates if a firm has enough short-term assets (without selling inventory) to cover its immediate liabilities. It is similar but a more strenuous version of the “working capital” ratio, indicating whether liabilities could be paid without selling inventory.
For 3rd quarter is 5.71. HISC ratio of 5.71 means that HISC have enough liquid assets to cover a unexpected drawdown of liabilities. This ratio shows STRENGTH of HISC.
2. Working capital ration ( Current Ratio) (If the ratio is less than one then they have negative working capital)
For 3rd quarter are 12.1. That means, HISC is very comfortable. This ratio indicates something, HISC holding inventory and working capital to fill the orders in 4th quarter. That’s very STRONG
-------------------- 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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i think i like my investment here. when will we see a little green again though is the question i have to ask.maybe for the new year? patience patience patience i guess.
-------------------- gotta know when to hold em and when to ..........
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Corndo, Class A, Class B and Class C share structure good for company. It help company for major voting power, and take over issue.
And also see, Class C shares sold for $1 that means, one dollar value. Investment community believe HISC is worth. and also consider Class A share value is $7 and class B share value is $.70 as per today market value.
and also see HISC Working capital ratio it is almost 12.1. It is huge and too much. just between 1 to 2 is enough for good operation. So they re-invest the money or buy back
Conversion, they will not do just like or sell like common shares. Most of times company will buy the class A,B,C stocks from officers and give them common shares.
-------------------- 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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posted
Homeland Integrated Security Systems Completes Audited Financials and Posts a Net Profit for the Third Quarter Tuesday October 11, 8:20 am ET
Homeland to Submit Application to the NASDAQ Bulletin Board
ASHEVILLE, NC--(MARKET WIRE)--Oct 11, 2005 -- Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) announced today that its Audit is now complete, and the Company will now submit its application to the NASD for its up list to the Bulletin Board. Homeland Integrated Security Systems' audit was completed for 2003 and 2004, while posting a Net Profit for the second consecutive quarter.
Homeland Integrated Security Systems' financial statements, for the Company and its consolidated subsidiaries, were prepared by Traci J. Anderson, CPA, who has served as the independent auditor for the Company for the fiscal years ended December 31, 2004 and 2003. Representatives of Ms. Anderson's firm are expected to be present at the Annual Shareholder's Meeting, and will have the opportunity to make a statement. She is also expected to be available to respond to appropriate questions.
Homeland Integrated Security Systems' audited financial statements will be included in the SB-2 filing and application to the NASDAQ Bulletin Board. The Company's sales for period ending September 30, 2005 were $880,670. The Company posted a Gross Profit of $559,269 and a Net Income of $19,415.
The Third Quarter sales do not include the back-log of orders received from Pro Sec for the Cyber Tracker and the Quantum Sniffer. This back-log constitutes more than $8,000,000 in sales.
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. For more information go to 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.
-------------------------------------------------------------------------------- Source: Homeland Integrated Security Systems, Inc.
-------------------- 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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Galaxy you are a blood hound when it comes to finding news. Good job again! Love this part.
"The Third Quarter sales do not include the back-log of orders received from Pro Sec for the Cyber Tracker and the Quantum Sniffer. This back-log constitutes more than $8,000,000 in sales."
Fasten your seatbelts ladies and gentlemen We will be taking off soon.
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wow folks is this for real could we now begin lift off? i sure hope so this to me is very positive news i am excited this morning about this news.any early morning action.level 2's if anyone has them please.
posted
so far so good is all i got to say wait for the westcoasters to catch this news .this stock could easily double on this news.that is my wishful opinion anyhow.best of luck to you all.
-------------------- gotta know when to hold em and when to ..........
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if we are able to break .085 in my opinion the sky is the limit.anyone still interested in entering this stock it really isnt too late .we have lots of upside im not pumping but i would love for my allstocks freinds to make a few bucks in this.
-------------------- gotta know when to hold em and when to ..........
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