Homeland Integrated Security Systems, Inc. Acquired in Order to Improve Product Portfolio and Increase Revenue
Monday October 27, 2:26 pm ET
ARDEN, N.C., Oct. 27 /PRNewswire-FirstCall/ -- Homeland Integrated Security Systems, Inc. (Other OTC: HISU - News) is pleased to announce that the Company has been acquired by Mr. Roger Ralston, a Technology and Finance Industry Executive. Effective today, Mr. Ralston will assume control of the Company as CEO and Chairman of Homeland Integrated Security Systems, Inc. The Company's current Officers and Directors have agreed to resign effective immediately. The terms of the acquisition will be disclosed in the near future.
Homeland Integrated Security Systems, Inc. will continue to operate as a subsidiary of the public entity, continuing its operations in applying applications for data and tracking functions using its current Cyber Tracker product line. Ian Riley, Brian Riley and Fred Wicks have been named officers and board members of the subsidiary. With Mr. Ralston's direction, the Company will actively seek acquisition candidates which will complement the Company's current products and improve their product portfolio to reach various vertical markets and increase the Company's revenue stream.
Mr. Ralston has spent a number of years in the communications and emerging technology sector, helping develop small to mid sized businesses to increase productivity and revenue. He has also raised millions of dollars in capital to help stabilize public companies on the open market, as well as funded several different companies privately.
"The board unanimously believes that the relationship between Mr. Ralston and Homeland Integrated Security Systems is an opportunity to increase shareholder and market value. We are pleased to see the Company take the next step to truly evolve into a leading technology corporation," stated Fred Wicks, former CEO and President of Homeland Integrated Security Systems, Inc.
"I am excited about the opportunity that Homeland Integrated Security System, Inc. offers. I believe the Company can and will succeed in accomplishing its goals through their suite of innovative technology products," stated Roger Ralston, CEO of Homeland Integrated Security Systems. |
