HISC .044 - moving up
Homeland Integrated Security Systems Completes Financials for FY 2005 by Posting Second Consecutive Profitable Year
Apr 3, 2006 8:20:00 AM
ASHEVILLE, NC -- (MARKET WIRE) -- 04/03/06 -- Homeland Integrated Security Systems, Inc. (OTC: HISC) announced today that its financials for the fiscal year ending December 31, 2005 are now complete, with the company showing two consecutive years of profitability. During 2005, the company increased its revenues by 67% over 2004, along with a 12% increase in profits to $553,595. The balance sheet shows that total assets increased from $1,422,609 on December 31, 2004 to $4,184,067 as of December 31, 2005, an increase of nearly 200%.
"Our first goal has been to create a profitable company, and I am very pleased to announce that we have achieved that with our second consecutive year of profitability,'' stated Frank Moody, CEO, Homeland Integrated Security Systems, Inc. "Homeland Integrated Security Systems enters 2006 in a very strong position financially."
Homeland Integrated Security Systems' audited financial statements will be posted on www.pinksheets.com
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
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.
Investor Relations Contact:
Big Apple Consulting USA, Inc.
1-866-THE-APPLE
Media Contact:
Graham Wilson
PRStreet
1-888-736-3787 |
