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Homeland Security Capital Corporation Announces $8.7M in Revenues for FY '06
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Last Update: 9:31 AM ET Apr 3, 2007
ARLINGTON, Va., April 3, 2007 /PRNewswire via COMTEX/ -- ARLINGTON, Va., April 3 /PRNewswire-FirstCall/-- Homeland Security Capital Corporation (HMSC : homeland sec cap corp com News , chart , profile , more Last: 0.00+0.00+9.09%
7:56am 04/03/2007
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: HMSC0.00, +0.00, +9.1%) , a company focused on acquiring, developing and consolidating homeland security-related businesses, announced today its annual results for the year ended December 31, 2006. The company reported revenues of $8.7 million and operating losses of $3.7 million, which excludes the effect of minority interests. The increase in revenue was due to the improved operating results in the company's two subsidiaries, Nexus Technologies Group and Security Holdings Corp. Nexus Technologies Group reported $7 million revenue for fiscal year 2006 and Security Holding Corp. reported $1.7 million in revenue for the same period. The net loss for fiscal year 2006 was $5.8 million. The net loss included approximately $2.1 million of expenses and valuation adjustments. These expenses included interest expense, amortization of debt discount and offering costs, and the effect of the change in valuation of the company's derivative liability associated with the company's debenture financing. C. Thomas McMillen, Homeland Security Capital chairman and CEO, commented, "We continue to show improved operating results in our subsidiaries, both of which have been under our ownership for only a portion of 2006. Both companies reported revenue growth in fiscal year 2006 and Nexus in particular reduced expenses by approximately $1 million. "We were pleased to achieve a revenue run rate of nearly $14 million in the fourth quarter. We look forward to 2007 as we continue to move toward operational profitability." The company measures its operating results by subsidiary. The tables included in this release reflect those results, for the fourth quarter and full year, on a segment basis. All results reported in millions. C. Thomas McMillen will hold a conference call on Wednesday, April 4 at 4 p.m. Eastern. The call will cover the company's year-end and fourth quarter results. McMillen will open the call, and a question-and-answer session will follow. To participate, call (877) 407-0782 any time after 3:55 p.m. Eastern on April 4. International and local callers should dial (201) 689-8567. While in conference, if callers should experience any difficulty or require operator assistance, they can press the (*) followed by the (0) button. This will call an operator to the line. To hear a replay, call (877) 660-6853 (toll free) or (201) 612-7415 (international). The replay will be available until Friday, May 4. For a live webcast of the call, visit http://www.vcall.com/IC/CEPage.asp?ID=115675. A downloadable podcast and archived webcast will also be available for 90 days.
Three Months Ended December 31, 2006
Homeland Nexus Security Security 4th Qtr. Technologies Holding Capital Total Group Corp. Corp. Company
* Includes approximately $1.6 million and $2.1 million of expenses and valuation adjustments associated with the derivative liability resulting from our debenture financing for the three and twelve month periods, respectively. About Homeland Security Capital Corp. Homeland Security Capital is a consolidator in the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital intends to operate businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows. About Nexus Technologies Group Nexus Technologies Group, headquartered in Hawthorne, N.Y., provides integrated security solutions for the corporate and government security markets. A subsidiary of Homeland Security Capital Corp., Nexus Technologies Group offers its own brand of security integration, which leverages more than a combined 50 years of industry experience while providing a unique solutions perspective. Ultimately, with cutting-edge technologies, Nexus provides innovative, engineered and scaleable solutions to effectively protect people, property and assets. For more information, visit http://www.nexusna.com. About Security Holding Corp. Security Holding Corp., through its subsidiaries, is a single-source manufacturer of RFID enabled integrated electronic access control solutions and security management products. The systems are designed for Homeland Security applications, commercial and institutional markets. The company markets its products through an established network of system integrators and authorized distributors. For more information, visit: http://www.securityinc.com. About Polimatrix, Inc. Polimatrix, Inc. is a system integrator and total solutions provider delivering radiation and nuclear protection and detection. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information, visit www.polimatrix.com. About Polimaster, Inc. Headquartered in Arlington, Va., Polimaster, Inc. provides a complete line of solutions for radiation control equipment including its world-class radiation detection portal monitors, unique dosimeters, portable radiation detectors, pocket instruments, hand-held and built-in detectors and radionuclide identifiers. For more information, visit http://www.polimaster.us. An investment profile about Homeland Security Capital may be found at http://www.hawkassociates.com/hmscprofile.aspx. For investor relations information regarding Homeland Security Capital, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To receive free e-mail notification of future press releases for this company, sign up at http://www.hawkassociates.com/email.aspx. 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 Corp. 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. Company Contact: Homeland Security Capital Corp. C. Thomas McMillen (703) 528-7073 tmcmillen*hscapcorp.com
Investor Relations: Hawk Associates Inc. Frank Hawkins or Julie Marshall (305) 451-1888 info*hawkassociates.com
SOURCE Homeland Security Capital Corporation C. Thomas McMillen of Homeland Security Capital Corp., +1-703-528-7073, or tmcmillen*hscapcorp.com; or Investor Relations, Frank Hawkins and Julie Marshall, both of Hawk Associates, Inc., +1-305-451-1888, or info*hawkassociates.com http://www.hawkassociates.com/hmscprofile.aspx Copyright (C) 2007 PR Newswire. All rights reserved
Posts: 2063 | From: Europe | Registered: Feb 2006
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Nice chart..seeing a cross today with great news..should start moving rapidly as the news spreads.
Posts: 2063 | From: Europe | Registered: Feb 2006
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
Should get some as the news gets around. This is a solid play and per the chart is ready to go... the news has lit the fire, lets see how long it takes to catch ablaze.
Posts: 2063 | From: Europe | Registered: Feb 2006
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posted
Looks like it will hold its gains for today and should show more upward movement tomorrow as it comes onto a lot of peoples radar.
Posts: 2063 | From: Europe | Registered: Feb 2006
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posted
C. Thomas McMillen will hold a conference call on Wednesday, April 4 at 4 p.m. Eastern. The call will cover the company's year-end and fourth quarter results. McMillen will open the call, and a question-and-answer session will follow.
posted
Up another 15% today. This is going to gap and run tomorrow as the conference call comes after the bell. I expect it to gain going all the way into the end of week.
Posts: 2063 | From: Europe | Registered: Feb 2006
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-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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posted
Appears to be running. Wonder if news is on the way
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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posted
I believe it's starting to move up because there is an acquisition pending that is to be finalized by the end of this month. They also reported a pretty strong Q4 and looking at a strong start to this year.
Posts: 2063 | From: Europe | Registered: Feb 2006
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-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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posted
I am impressed with this company, hope to hold at least half my shares long term. They keep shareholders informed, give financials, and almost always what they say will happen, happens. It is quite refreshing.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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posted
Yes, Tom is pretty good at that. I am on free shares of this from over a year. I did well when it hit .0049 which I actually believe was the high last year.
Posts: 2063 | From: Europe | Registered: Feb 2006
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Homeland Security Capital Appoints The Honorable Brian C. Griffin to Board of Directors
May 14, 2007 09:03:00 (ET)
ARLINGTON, Va., May 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Homeland Security Capital Corporation (HMSC, Trade ), a company focused on acquiring, developing and consolidating homeland security-related businesses, announced today the appointment of The Honorable Brian C. Griffin to its board of directors.
Griffin has held numerous senior-level positions in both the public and private sectors. His distinguished public service career includes serving as a senior government official under three Presidents and two Governors. In the private sector, he has served as both the Executive Vice President and General Counsel of a New York Stock Exchange listed oil and gas exploration company and currently serves as Chairman of the Board of Clean Energy Systems, Inc.
Griffin is also a renowned energy and environmental expert. He has lectured around the globe on topics including conventional and alternative energy technologies, energy utilization and its environmental impacts, and energy security.
After many years in Washington, Griffin returned to Oklahoma where he served two terms as Oklahoma's Secretary of Environment. During that time, he chaired and was a member of several committees sponsored by the U.S. EPA, the U.S. Department of Energy and the Southern States Energy Board. He was a member of the Biomass & Bio-Energy Research and Development Federal Advisory Committee, which was sponsored by the U.S. EPA and the U.S. Department of Agriculture.
He was a member of the Coal & Advanced Power Systems Committee sponsored by the U.S. Department of Energy and the Southern States Energy Board. In addition, he served as the national Chairman of the Interstate Technology and Regulatory Council and was a Representative to the Interstate Oil & Gas Compact Commission.
Prior to his years in public service, Griffin was involved in the oil and gas industry and taught energy policy and regulation, as well as energy technology, as an Adjunct Professor in the Graduate School of Business at the University of Oklahoma.
In 2003, President Bush appointed him to serve as the Federal Representative to the Southern States Energy Board.
Griffin received his undergraduate degree from Harvard University in 1974 and was selected as a Rhodes Scholar. As a Rhodes Scholar, he attended Oxford University where he received his British law degree. He also holds an American Juris Doctorate degree.
C. Thomas McMillen, Homeland Security Capital chairman and CEO, said, "We are very pleased to welcome Brian, whose impressive background in energy and related fields will be invaluable as we begin to explore the emerging and fast growing energy security market, which is very much a part of Homeland Security. His guidance will help to shape the growth of our company as we identify, develop and evaluate these exciting new opportunities."
Griffin said, "I look forward to working with Tom and his team as they assess new opportunities. The security industry is constantly shifting as technologies improve and Homeland Security Capital is poised at the forefront, looking towards energy related security issues. I look forward to being a part of Homeland Security Capital's future success."
Griffin replaces Rick Rickertsen, who resigned from the board of directors because of scheduling conflicts.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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Homeland Security Capital Announces First Quarter Results and Conference Call
May 14, 2007 14:56:04 (ET)
ARLINGTON, Va., May 14, 2007 (BUSINESS WIRE) -- Homeland Security Capital Corporation (HMSC, Trade ), a company focused on acquiring, developing and consolidating homeland security-related businesses will file its first quarter 10-QSB on Tuesday, May 15.
C. Thomas McMillen, Homeland Security Capital chairman and CEO, will hold a conference call on Wednesday, May 16 at 4 p.m. Eastern. The call will cover the company's first quarter results. McMillen will open the call and a question-and-answer session will follow.
To participate, dial (877) 407-0782 any time after 3:55 p.m. Eastern on May 16. International and local callers should dial (201) 689-8567. While in conference, if callers should experience any difficulty or require operator assistance, they can press the (*) followed by the (0) button. This will call an operator to the line.
For a live webcast of the call, visit http://www.vcall.com/IC/CEPage.asp?ID=117106 . An audio replay is available by calling (877) 660-6853. International and local callers should dial (201) 612-7415. Replay passcodes required for playback are Account: 286 and Conference ID: 242491. Both the webcast and audio replay will be archived until June 16.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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