HISC - .086 + .021 - coming back to a recovery high after move back from .145 to .06 area. Going OTC BB and fully audited filings.
Homeland Integrated Security Systems Completes Audited Financials and Posts a Net Profit for the Third Quarter
Homeland to Submit Application to the NASDAQ Bulletin Board
Oct 11, 2005 8:20:00 AM
ASHEVILLE, NC -- (MARKET WIRE) -- 10/11/05 -- Homeland Integrated Security Systems, Inc. (OTC: HISC) announced today that its Audit is now complete, and the Company will now submit its application to the NASD for its up list to the Bulletin Board. Homeland Integrated Security Systems' audit was completed for 2003 and 2004, while posting a Net Profit for the second consecutive quarter.
Homeland Integrated Security Systems' financial statements, for the Company and its consolidated subsidiaries, were prepared by Traci J. Anderson, CPA, who has served as the independent auditor for the Company for the fiscal years ended December 31, 2004 and 2003. Representatives of Ms. Anderson's firm are expected to be present at the Annual Shareholder's Meeting, and will have the opportunity to make a statement. She is also expected to be available to respond to appropriate questions.
Homeland Integrated Security Systems' audited financial statements will be included in the SB-2 filing and application to the NASDAQ Bulletin Board. The Company's sales for period ending September 30, 2005 were $880,670. The Company posted a Gross Profit of $559,269 and a Net Income of $19,415.
The Third Quarter sales do not include the back-log of orders received from Pro Sec for the Cyber Tracker and the Quantum Sniffer. This back-log constitutes more than $8,000,000 in sales.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems 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. For more information go to 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.
Contact:
Matt Maguire
1-866 THE APPL(E)
www.hissusa.com |
