posted
Homeland Integrated Security Systems Tests Solar Powered ChargingSystem for Cyber Tracker
Jan 8, 2007 08:31:35 (ET)
ASHEVILLE, NC, Jan 08, 2007 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the Company has installed its patent pending Cyber Tracker along with a solar charging system on a vehicle for initial testing and evaluation. The company reports increasing demand for its product on vehicles and other assets that have no independent power source.
The addition of a solar powered charging system allows the Cyber Tracker to be installed on applications, such as trailers, recreational vehicles and other assets that do not have a permanent power source to recharge the system. According to the US Bureau of Transportation Statistics, there were 5,092,232 commercial trailers registered in United States in 2004. In addition, the website Truckinfo.net reports that 280,000 new trailers are sold each year.
"The addition of the solar powered charging system to the Cyber Tracker opens a multitude of verticals for our product that have not been available to us in the past. Our initial testing of the solar charging system is very positive. Our hope is to have a beta version ready for trial in 2nd quarter of this year with production shortly thereafter," stated Ian Riley, CTO of Homeland Integrated Security Systems
"This development of the solar powered charging system for the Cyber Tracker represents another advance in the evolution of Cyber Tracker Technology. Introducing the solar powered Cyber Tracker technology will continue our strategy of expanding the applications available to us," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
About Homeland Integrated Security Systems, Inc.:
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.
Safe Harbor: 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. The Company 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 Investor Relations 828-681-5152 ext. 114
posted
Not a bad idea, considering cigarette lighters are becoming dinosaurs. But it begs the question, "How are the PRESENT units powered?" Batteries??
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
| IP: Logged |
posted
I just recently got into the world of penny stocks, but from what I have learned in a short period of time tells me that HISC has all the makings of a solid mid range/long range play.
HISC was my first buy avg cost 0.002 just waiting for 0.05 to roll around... Keep it Green!!
Posts: 22 | From: Maine | Registered: Jan 2007
| IP: Logged |
posted
2 yrs ago this puppy was .0015 then taht late spring/summer it shot up to .14 - I missed the boat then but know several friends who made a bundle!! Hope we can cash in this time around!!
GLTA!
-------------------- I want to see nothing but GREEN! Posts: 434 | From: NJ | Registered: Sep 2005
| IP: Logged |
quote:Originally posted by sev278: 2 yrs ago this puppy was .0015 then taht late spring/summer it shot up to .14 - I missed the boat then but know several friends who made a bundle!! Hope we can cash in this time around!!
GLTA!
Only problem is theres a lot more shares now.
Posts: 218 | From: MD Baltimore | Registered: Jan 2005
| IP: Logged |
They had better find the cure for cancer, find a way to travel in time or something hard like reduce the share structure or go to the bb pretty soon or this wont go anywhere soon. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
| IP: Logged |
posted
I do believe that HISC has no plans to go to the boards. That was the purpose of the EVSY dividend. Now EVSY reports no income for the last year or so, and is appears to be rapidly becoming nothing more than an empty shell. How it maintains .50 PPS is beyond me. Bottom line for me? If holding long, you have a long wait. Patience is a virtue.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
| IP: Logged |
posted
HISC's Cyber Tracker -- from it's subsidiary ActSoft -- will be a big winner. ***** Repost -- from Ihub: ******
Posted by: Sanswired In reply to: None Date:1/6/2006 5:25:11 AM Post #of 52503
Hey everyone,
Sorry it’s a little late, but I just got back from CES, had a Great Time! Enjoyed a wonderful dinner with the wife afterwards too…mostly to celebrate my confirmation of what I truly believe is going to be a very successful company and investment.
First off, I would like to thank the staff for taking some time out of their busy schedule in order to give us a more in-depth look at the Cyber tracker. They were excited to see me there as an investor and were glad to hear about the IHUB board. I gave them the link, so they'll know where to find some quick DD about their company.
The booth was about average size compared to the majority of the booths at the convention. It is about 10 x 20 ft and is located in the Sands complex by the Venetian. As you walk in the main entrance on the 2nd floor, it’s straight in and to the left. It wasn’t too difficult to find. The booth itself is very professional in appearance and there is plenty of foot traffic that goes by.
I could tell right off the bat that the people representing our company were courteous, professional, and very knowledgeable. Their presentations were detailed and to the point. But mostly, I was very impressed with the presentation given by Bryan Vest. He flawlessly gave me every detail I needed without hesitation. I found out later that he comes to HISS as a sales manager from Actsoft. This guy is a software genius!
I was also happy to hear that there is a live demonstration at the show. It is a live feed from the Cybertracker located at the booth, viewed on a very large flat screen Sony monitor. The Cybertracker is connected to a camera via its Ethernet port and updates continuously as you have seen on their website. If you haven’t seen it, here is the link. http://www.hissusa.com/ces.html
The picture at the bottom of their site is a Cybertracker located at the office in North Carolina, hence the time zone at that location. There is an option to view the most recent 50 images if you choose. If you watched it earlier today, you may have seen me taking some notes and asking several questions. I was wearing a black polo shirt with the Sanswire logo on it. There is my GTE plug for today…sorry. hehehe.
As you have read in the product reports, the Cybertracker is just that. It is a combination of several devices. GPS tracking with push to talk 2-way communications, data retrieval, now add video feed. The device is truly amazing and they continue to research new options to constantly stay on the cutting edge and improve its capabilities. I was given a demonstration of the software and also a demo copy to take home with me. The software is customizable to your specific needs and is about $1.00 a day. (That is revenue folks…) Alarms and data can be sent to any wireless device and detailed specifics can be sent to Laptops, desktops, wireless and blackberry/ smart phones.
To give you an example of the constant research, I was glad to see that the team had already been searching the show for anything that may come close to competing with the Cybertracker. By the time I showed up today, they had already collected brochures from other companies at the show. The info gathered so far is nothing more than GPS devices, and specific GPS chips. I have yet to see anything that has the combination of features that our Cybertracker has. On-star is specific to emergencies and pre-installed in automobiles. If anyone can think of a competitor at the show, let me know, and I will personally go there to investigate. Not only that, I will share it with the employees of the company.
I heard Frank Moody is in Las Vegas, but I didn’t get the chance to meet him. I did, however, meet Adam Clough who is the VP of Corporate Development and Troy Van Dyke, VP of Product Development. Both of these individuals bring much quality and are very valuable members of the company.
Also at the booth are representatives from Big Apple. Look for up-listing off the PINK to happen shortly, as the SB-2 has been filed and we are currently awaiting the up-list. The plan calls for up-list to the NASDAQ small cap market. As with everything else… it does take a little time, but it will happen IMO. “This company does not belong on the pink sheets”. They know as well as I do, as well as all of you should realize, that we want off the PINKS! The company is beyond real, and will be doing very well in the near future. IMO, we are very much undervalued at .05 cents, what a joke when you consider what’s in store.
Anyway, I am including some of the pictures that were taken at the convention. I didn’t see any signs that didn’t allow cameras, but that wasn’t going to stop me anyway. LOL. http://sanswired.myphotoalbum.com/albums.php
Also, one more thing before I put this report to rest, The rep from Kyocera is pictured talking to our reps. Just as several other company reps have visited our booth to see how their devices could become compatible with ours. From anything wireless to the possibility of solar batteries, these people come to us. Just something to think about… Here is something else to think about… Counting your cash.
posted
Saw the Vegas post before. Talk to me when the PPS tops .01. Til then, I'm holding and expecting nothing in the near future.
-------------------- 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
| IP: Logged |
posted
Evans Systems, Inc. Appoints Frank Moody as CEO
Mar 7, 2007 08:00:44 (ET)
ASHEVILLE, NC, Mar 07, 2007 (MARKET WIRE via COMTEX) -- Evans Systems, Inc. (EVSY, Trade ) is announcing that it has appointed Frank Moody as its new CEO. The Company recently filed an 8K which disclosed the settlement between the former Board of Directors and Big Apple Consulting USA, Inc. As part of the settlement, control of Evans Systems, Inc. was transferred to Frank Moody, former CEO of Homeland Integrated Security Systems Inc.
"We are particularly optimistic about the future direction of this company. Evans Systems is recovering from a difficult past, but is currently in the process of developing a strong management team. The new focus of this company will include mergers and acquisitions for significant and stable growth," stated Frank Moody, CEO, Evans Systems, Inc.
Evans Systems, Inc. is fully reporting and upon the timely filing of the next 3 Quarterly Financial Statements, the company will uplift to the NASDAQ Bulletin Board.
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, earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Evans Systems continues to be dependent upon outside capital to sustain its existence. Since these statements 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 contact: 1-866 THE APPL(E)
SOURCE: Evans Systems, Inc.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
| IP: Logged |
posted
I haven't done any DD of late but I suspect MM accumulation and/or dilution. I bought into this at .001 and will average down if it drops a few points lower. I think this will bounce in the end.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
| IP: Logged |
posted
Homeland Integrated Security Systems, Inc. Clarifies Evans Systems,Inc. Changes in Letter to Shareholders
Mar 19, 2007 08:30:50 (ET)
ASHEVILLE, NC, Mar 19, 2007 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the Company has provided clarification to a recent filing made by Evans Systems, Inc.'s new management team.
"I want to set the record straight about the recent activities regarding Evans Systems, Inc.," stated Fred Wicks, CEO and President of Homeland. "Our Board of Director's wants to clarify a Report on Form 8K recently filed by Evans Systems, Inc. which could be easily misinterpreted."
In a letter to the shareholders, posted on its website, www.hissusa.com , Mr. Wicks addresses the events following the settlement of its recent law suit with Big Apple Consulting, USA, Inc. As previously reported, Evans Systems Inc., and Homeland Integrated Security Systems were named as defendants in a law suit in which Big Apple Consulting, USA, Inc. was the plaintiff. At the time, Homeland's Board members were also Officers and Directors of Evans Systems and managed the company.
"We decided to negotiate an amicable settlement so that Homeland's management could concentrate on running our core business, selling Cyber Tracker solutions," stated Mr. Wicks. "We also thought it best for our shareholders not to spend additional monies in legal fees."
The letter clarifies how Big Apple Consulting transferred a controlling stock interest in Evans Systems to Frank Moody III, former CEO of Homeland, and appointed him an Officer and Board Member. Homeland's Officers and Directors were not consulted nor had any prior knowledge of this transfer to Moody.
Currently there exists a lawsuit between Homeland, its Directors individually, and Mr. Moody. Homeland has counterclaimed against Moody, and the case is pending in North Carolina Court.
"Pending the outcome of the lawsuit with Moody, we could not in good conscience concur with the appointment of Frank Moody to any position in Evans, especially as an Officer and/or Director," stated Mr. Wicks.
The letter also explains that Homeland's management had no idea, nor had any part in the private agreement between Big Apple, Moody, and other parties, as reported in the 8K, nor of any of the terms, including issuance of $4,000,000 in preferred shares to two parties to the private agreement. The CEO shareholder letter in its entirety is available on the Company's website at www.hissusa.com .
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology in conjunction with its patent pending Cyber Tracker. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (coming 3Q 2007) technologies, In addition, CDMA and Satellite technologies are under development with release expected some time in 2007. For more information please visit our website www.hissusa.com .
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
Contact: Homeland Integrated Security Systems Investor Relations 828-681-5152 ext. 114
posted
Homeland Integrated Security Systems to Deliver an Additional 400Cyber Trackers to Atlanta Trucking Company
Mar 21, 2007 08:31:46 (ET)
ASHEVILLE, NC, Mar 21, 2007 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that McCrary Trucking has requested delivery of an additional 200 units of the company's patent-pending Cyber Tracker. McCrary Trucking, a trucking logistics company, currently has 100 Cyber Trackers installed and in use in dump trucks in the Atlanta area. McCrary Trucking uses the Cyber Tracker to manage private dump truck operators on contract.
One hundred of the additional 200 units will be delivered in the next several weeks, with the remainder of the order shipping immediately thereafter. McCrary Trucking's initial purchase order for was for 500 units. Once this portion of the order is completed, the final 200 units will be scheduled for delivery. The total value of the order for Homeland Integrated Security Systems is expected to be in excess of $350,000.00, including residual income, commissions and software.
"Imagine a room full of large computer screens tracking the whereabouts of dump trucks all over the Atlanta area. The company has the ability to manage its business from one room. Using the Cyber Tracker's 'Geo fence' feature, McCrary trucking can track loads carried and extrapolate that data into an automated billing system," stated Brian Riley, Chairman of the Board and COO of Homeland.
Currently Homeland is working with McCrary to develop a proprietary software program that will enhance the company's ability to extract the location-based data and seamlessly turn it into billings for the company. According to McCrary executive, Fred Mclauchlin, "Once all aspects of this project are in place, we will be able to manage an almost endless number of dump trucks in the Atlanta area. We are hopeful that the project will be replicated in other construction intensive areas around the country."
"We have really enjoyed our close working relationship with the team at McCrary Trucking," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems. "The potential for expanding this application with McCrary Trucking to other geographic areas is extremely promising."
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology in conjunction with its patent-pending Cyber Tracker. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (expected 3Q 2007) technologies, In addition, CDMA and Satellite technologies are under development with release expected some time in 2007. For more information please visit our website www.hissusa.com .
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
posted
Homeland Integrated Security Systems Announces Expanded Sales Activities in the Middle East Monday March 26, 8:30 am ET
ASHEVILLE, NC--(MARKET WIRE)--Mar 26, 2007 -- Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) announced today that sales efforts in the Middle East and other regions continue to increase. The company is projecting that it could be available to customers in more than nine countries and regions by the end 2007. Currently, the company has active sales agreements with three individual carriers: Express in Jordan, Bravo in Saudi Arabia and DNA in Singapore. In addition, Homeland is in active discussions with companies in Chile, Germany, Kuwait, India, Italy, Pakistan, UAE, UK and Yemen.
ADVERTISEMENT "We have had an excellent response to our product in the Middle East. Currently, two of the carriers are on their second and third repeat orders. The numbers have not been very large, but they continue to increase in size as the carriers test and approve the Cyber Tracker for their network," according to Brian Riley, Chairman of the Board and COO.
"I believe that the orders that we are receiving from the Middle East are demonstrating the worldwide potential of the Cyber Tracker. Our customers in the region are using not only the exceptional tracking abilities of the Cyber Tracker, but are using it in the integration of other peripheral devices such as video cameras and I/O controllers," stated Ian Riley, CTO of Homeland Integrated Security Systems.
"Since beginning our major sales efforts with the Cyber Tracker in May of 2006, Homeland Integrated Security Systems has seen an increasing trend in its sales volume both here and abroad. If we are able to close the numerous sales opportunities in our prospect pipeline, the management team will be extremely pleased with our performance," according to Fred Wicks, CEO and President of Homeland Integrated Security Systems.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology in conjunction with its patent pending Cyber Tracker. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (coming 3Q 2007) technologies, In addition, CDMA and Satellite technologies are under development with release expected some time in 2007. For more information please visit our website www.hissusa.com.
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
-------------------- I want to see nothing but GREEN! Posts: 434 | From: NJ | Registered: Sep 2005
| IP: Logged |
posted
I hope so. It is finally movie upward but for how long... Lots of money to be made. This stock is kinda simlar to ETIM.
Posts: 235 | From: Boston | Registered: Oct 2006
| IP: Logged |
posted
Homeland Integrated Security Systems, Inc.'s January Sales of theCyber Tracker Is Second Highest Month on Record
Mar 29, 2007 08:30:58 (ET)
ASHEVILLE, NC, Mar 29, 2007 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that January sales of its patent pending Cyber Tracker were the second highest on record. January sales topped all other months with the exception of October 2006.
In addition, the company reported that February sales were the third highest on record next to June and October 2006. According to the company, the January and February combined sales rate, if sustained, would increase 2007 sales by more than 49% over 2006.
"Our sales momentum is beginning to take hold. The size of our orders is beginning to increase as well as the consistency of our sales levels," stated Mike Roy, Executive VP of Sales for Homeland Integrated Security Systems. "As we increase the number of sales channels for the Cyber Tracker, we expect the sales rate to increase even more."
"Sales in the Middle East are continuing to climb. Bravo Communications of Saudi Arabia has submitted another release against its purchase order for 1000 of the patent pending Cyber Trackers," stated Brian Riley, Chairman of the Board and COO of Homeland. "Sales outside the United States are beginning to be a major source of revenue potential."
"It has taken a lot of time and effort to establish our sales resources," stated Fred Wicks, CEO and President of Homeland. "Increasing the number of 'feet-in-the street' to sell our product is starting to pay off. We also have sales resources poised and ready to sell the GSM version when it is completed. I am very encouraged about our prospects for this year."
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology in conjunction with its patent pending Cyber Tracker. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (coming 3Q 2007) technologies. In addition, CDMA and Satellite technologies are under development with release expected some time in 2007. For more information please visit our website www.hissusa.com .
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
Contact: Homeland Integrated Security Systems Investor Relations 828-681-5152 ext. 114
posted
Homeland Integrated Security Systems Reduces the Number of Outstanding Common Shares of Stock by 16% Thursday April 5, 8:30 am ET
ASHEVILLE, NC--(MARKET WIRE)--Apr 5, 2007 -- Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) announced today that the Company has removed more than 826,000,000 common shares from the float during the first quarter of 2007. This action reduces the number of outstanding shares to 4,207,586,254, which is more than a 16% reduction since December 31, 2006. ADVERTISEMENT
The share reduction was accomplished by Homeland's Board of Directors and former Director, Chris Panel removing common shares and converting them to preferred stock.
"This is the second major reduction in shares we have been able to accomplish," stated Brian Riley, Chairman of the Board of Directors and COO. "In 2006 we reported that 30 million common shares had been retired. We were able to increase that amount by another 70 million during the fourth quarter of 2006."
"This reduction in common shares increases the value per share," stated Fred Wicks, CEO and President of Homeland. "Although this reduction is a significant step, we are committed to continuing our efforts to reduce the number of shares outstanding."
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology in conjunction with its patent pending Cyber Tracker. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (coming 3Q 2007) technologies, In addition, CDMA and Satellite technologies are under development with release expected some time in 2007. For more information please visit our website www.hissusa.com.
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Eek!]](eek.gif)
