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Do your own DD and have a HAPPY NEW YEAR all!
Celerity Systems Announces Name Change to Homeland Security Capital Corporation
By PR Newswire Last Update: 12/30/2005 11:17:16 AM Data provided by
ARLINGTON, Va., Dec 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- Celerity Systems, Inc. (CESY) announced today that its shareholders elected new directors and voted to change the name of the company to Homeland Security Capital Corporation. At a special meeting, stockholders elected C. Thomas McMillen, Zev Kaplan, Phil McNeil and Rick Rickertsen to the board of directors.
The company's name change was effective immediately. A new ticker symbol for the company will be announced once an effective date has been confirmed.
In other actions, shareholders withdrew the company's election as a business development company under Section 54 of the Investment Company Act of 1940, approved the company's 2005 Stock Option Plan and voted to increase the number of authorized shares of the company's common stock to 20 billion.
C. Thomas McMillen, CEO of Homeland Security Capital Corporation, said, "These shareholder actions enable us to move forward with our new business strategy. The name change is important because it will help investors better understand our strategic direction. The new board members bring tremendous financial savvy, operational expertise and key contacts to the company. There are outstanding opportunities in the homeland security market where we have valuable expertise and knowledge that will help us create an exciting new company for the benefit of our shareholders."
McMillen has served as the company's chairman, CEO and president since August 2005. He currently serves as chairman of Fortress America Acquisition Corp., a special-purpose acquisition corporation focused on the homeland security industry and traded over the counter under ticker symbol FAAC. Previously, McMillen co-founded and served as CEO of Global Secure Corp., a homeland security company providing integrated products and services for critical-incident responders. He was appointed by President Clinton to co- chair the President's Council on Physical Fitness and Sports from 1993 to 1997. From 1987 through 1993, McMillen served three consecutive terms in the United States House of Representatives from the 4th Congressional District.
Carl J. Rickertsen is managing partner of Pine Creek Partners, a private equity investment firm. He was formerly COO and partner at Thayer Capital Partners, a private equity firm managing three investment funds totaling over $1.4 billion. Rickertsen is also a member of the board of MicroStrategy, Inc., Convera Corporation and United Agri Products. He received a B.S. from Stanford University and an M.B.A. from Harvard Business School.
Zev Kaplan is the founder of a law firm concentrating its practice in the areas of transportation, infrastructure, government relations, business and administrative law. Kaplan has also had a key role in the planning and financing of numerous major public infrastructure projects in Las Vegas. Prior to starting his law firm, Kaplan spent 15 years in government service. Kaplan received his J.D. from Southwestern University School of Law and attended Georgetown University for post-graduate legal studies, received an M.B.A. from the University of Nevada, Las Vegas, and received a B.S. from the Smith School of Business at the University of Maryland.
Philip A. McNeill is a managing partner and the chief investment officer of SPP Mezzanine Partners. He previously served as managing director of Allied Capital Corporation, where he was co-head of its Private Finance and Mezzanine activities and a member of its investment committee. McNeill joined Allied Capital directly from M&T Capital, where he was a vice president and an investment professional from 1988 to 1993. McNeill graduated from Syracuse University in 1981 with a B.S. in business administration with concentrations in accounting, finance and law and public policy. He earned an M.B.A. from Harvard Business School in 1985.
About Homeland Security Capital Corporation
Homeland Security Capital Corporation is an operating company focused on creating long-term value by taking controlling interest and developing its companies through superior operations and management. The company intends to operate businesses that provide homeland security product and service solutions.
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 Corporation 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.
SOURCE Celerity Systems, Inc.
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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They also voted to increase the number of authorized shares of the company's common stock to 20 billion. ----------------------------------------------- That is not good news as far as I am concerned. But who knows for sure. But 20 BILLION as an A/S is a lot. IMO they would not have increased the A/S if they were not planning on increasing in the near future the O/S.
Posts: 675 | Registered: Dec 2005
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quote:Originally posted by Tape worm: They also voted to increase the number of authorized shares of the company's common stock to 20 billion. ----------------------------------------------- That is not good news as far as I am concerned. But who knows for sure. But 20 BILLION as an A/S is a lot. IMO they would not have increased the A/S if they were not planning on increasing in the near future the O/S.
I fully agree - seems like they are getting ready to acquire other companies jumping on the 'homeland in/security bandwagon' in a series of stock exchange deals...might work out to be similar to INSQ - same bizz strategy?
Posts: 213 | Registered: Oct 2005
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LtM, hey buddy, how you doing? I'm gonna check this one out. Been bouncing between .001 /.0017 for awhile, hasn't broke .002 since Oct. sometime. Had some big volume today.
Good luck!
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I think McMillen is the Key to this company. Should run nice when new symbol is announced!
This was a GREAT pick to play 2 years ago by RickPic and shall be again!
This is Super News - even though they added 15 billion shares. First time I've seen a stock shoot up when the shares are quadrupled - but I think McMillen is "Right On"!
Hope my million shares at .0013 go to a DIME in 2006!! Doubtful - but I still had one Christmas wish left!
Hey - we've seen lesser stocks do it!
Steve
Peace, Steve
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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I am so big on this company and the new direction and leadership that it my pick for this coming year! I am very happy the shareholders understood the need to increase the shares so that the company can start acquiring products and companies.
Posts: 1254 | Registered: Aug 2005
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Good Luck, LtM ! Happy New Year to you too.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Somebody was buying HUGE - like over 15,000,000 share late today into closing....at .0017 !!
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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quote:Originally posted by sprenkld: why is the ask at 99,900 why are they holding this back here?
The MM's were struggling to keep this stock in check as they were needing shares to stablize the strong upward momentum. I think CESY is going to have that January effect and be one of those stocks that run up heavy on little to no news. The company is making a transition and the CEO is a powerhouse. I have zero plans to sell any shares this year!
Posts: 1254 | Registered: Aug 2005
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With McMillen at the helm, I think we'll see LOTS of run ups on LOTS of news!
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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I just wish I had the money to buy several million shares as this company is solid under his leadership and connections. Now the stock is on the move up in a nice steady progression leaving me to have to buy higher as the money comes in to buy more. In a way this sucks but I also know I have enough of the stock to be set for the future growth.
Posts: 1254 | Registered: Aug 2005
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Any idea when CESY is going to change their symbol and move fully into the Homeland Security Division? Just curious as we are sure to get an instant move up before and during the time period.
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