Homeland Integrated Security Systems Board Approves Application to the OTC Bulletin Board
Thursday April 28, 8:30 am ET
ASHEVILLE, N.C., April 28, 2005 (PRIMEZONE) -- Homeland Integrated Security Systems, Inc. (Other OTC:HISC.PK - News) is pleased to announce that the Board has approved the application to the OTC Bulletin Board(R) (OTCBB).
``Our SEC Attorney and Auditors have completed the SB-2 and will be making the application within the next few weeks. We expect this will enhance shareholder value as we become fully reporting and begin to file full disclosure documents with the Securities and Exchange Commission,' stated Frank A Moody, II, CEO of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems recently released its year-end, unaudited financials for the period ended December 31, 2004. Homeland Integrated Security Systems reported a net profit of over $550,000 for the year-end. Sales for the year ended December 31, 2004 were $2,061,856 with gross profit for the year ended December 31, 2004 of $1,585,051. Expenses for the year were less than $1,000,000 and the company reported a net operating profit of $585,666.
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