NEWS - Homeland Integrated Security Systems Inc. Completes $1,000,000 Raise
Wednesday June 22, 8:30 am ET
WASHINGTON--(BUSINESS WIRE)--June 22, 2005--Homeland Integrated Security Systems, Inc. (Pink Sheets: HISC - News) is pleased to announce that it has received proceeds and has completed the $1,000,000 504 Raise. The completion of the $1,000,000 financing will give Homeland Integrated Security Systems Inc. the resources to market and fulfill any purchase orders it may receive for its Homeland Security products including the Cyber Tracker and the Cyber Noze.
Homeland Integrated Security Systems recently announced that it has retained former presidential appointee Barry Bennett to head up its government and international sales. Homeland Integrated Security Systems has opened an office in Washington, D.C. to concentrate on sales to the federal government. Bennett is a former senior U. S. State Department official, and served as Communication Director for President George W. Bush while he served a Chairman of the Group of Eight, commonly referred to as the G8. Bennett will not only direct government marketing efforts domestically, but internationally as well.
"Homeland Integrated Security Systems is now the in position to move to the next level. We have assembled a great management team. We are pleased to have secured the financing we need to market and produce our Cyber products which will not only keep America safe, but will bring profits to our shareholders," stated Frank Moody, CEO of Homeland Integrated Security Systems Inc.
Homeland Integrated Security Systems is currently working to provide commercial-quality GPS applications to the retail market. The Cyber Tracker will provide both web-based and client-based GPS software applications for HISC's patent pending Cyber Tracker.
Homeland Integrated Security Systems management expects sales to exceed $125 million over the next three years. Homeland Integrated Security Systems will be providing the first "Push-To-Talk," tamper-proof unit available on a mass-distribution basis at an affordable cost. Cyber Tracker will be available for government sales and through retail outlets, with plans for deployment in North America by 4th Quarter 2005.
Homeland Integrated Security Systems, Inc. will immediately begin to market its products overseas by signing agency agreements with foreign security firms. Bennett will also immediately begin formulating the marketing efforts to sell HISC products to federal and state governments.
The Limited Edition Cyber Tracker is available online for $499, and will be ready for shipment this fall. Please visit www.hissusa.com.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems, Inc. owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. One of the key target markets is the 361 commercial seaports in the US which are vulnerable to criminal penetration. The company is now accepting pre-orders for the Cyber Tracker, the first affordable real-time GPS tracking device, at www.hissusa.com.
For more information please visit our website www.hissusa.com or contact Matt Maguire 1-866 THE APPL(E)
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. Homeland Integrated Security Systems, Inc. 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.
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Contact:
Homeland Integrated Security Systems, Inc.
Matt Maguire, 1-866 THE APPL(E)
www.hissusa.com |
