HMSG, ruffff This may be part of the reason that buying shares over the past week even at the ask has been tough.
Homeland Security Group International Re-Energizes Ballistics Division Announces New Contracts
Monday January 29, 6:00 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jan 29, 2007 -- Colonel Jeffrey A. Powers, CEO of Homeland Security Group International, Inc. (Other OTC:HMSG.PK - News) announced today that the company has placed new emphasis on lightweight ballistic armor and has received testing certification for its lightweight composite level IV armor.
Source: Homeland Security Group International
The company announced that concurrent with its receipt of level IV certification from HP White testing laboratories, it has been awarded a contract to supply Navy Units with level IV lightweight ballistic armor and vest systems.
"We received word last week from our joint venture partner Protective Solutions LLC of the certifications arriving. At the same time we were in final phases of contract negotiation with Navy units to supply them with ballistic vest systems," commented Colonel Powers. "It all seemed to come together at the same time. The day we received word that our armor had passed testing, we also received word that we had been issued 5 separate National Stock Numbers by the Marine Corps for armoring kits for Light Armored Vehicles. That same day we secured the Navy contract for personnel equipment including ballistic vest systems."
HMSG's Ballistic Division's focus has been to find a lighter armor solution that will protect personnel from high velocity rounds without sacrificing efficiency caused by the increased weight of the currently fielded systems. HMSG and their partner Protective Solutions LLC have been conducting concurrent testing with other materials to increase survivability of wheeled and tracked vehicles.
The company feels this is the beginning of many new ballistic contracts and equipment purchases by the Navy and Marine Corps. "We now have eleven different armoring options available to the military for their vehicles. We have worked hard this past year to ensure our data was sound and our products would stop the bullets we said they would. We now see the fruits of our labor in the form of orders for equipment," concluded Powers.
Testing data, NSN and certifications will be posted on the HMSG website at www.hstinc.us.
ABOUT HOMELAND SECURITY GROUP INTERNATIONAL
Homeland Security Group International (Other OTC:HMSG.PK - News) is a technology-based corporation based in north county San Diego. HMSG's mission is the development and commercialization of technology focused on providing increased security for both civilian and military personnel throughout the world. Under the leadership of Colonel Jeffrey A. Powers, USMC (Retired), HMSG has assembled a portfolio of technology and services through alliances with established defense-related companies and through internal development that is being brought to market in a cost-efficient and timely manner. The Company also has an alliance with Recon Mountaineer, LLC (an Oceanside, Calif.-based designer and manufacturer of military combat gear for the United States Armed Forces). The company has partnered with leading security firms to design and market homeland defense security applications.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. HMSG's common stock currently trades on the over-the-counter "Pink Sheets" under the symbol "HMSG." This press release in no way constitutes any recommendation regarding the securities of HMSG or its affiliates. Any person reading this press release is advised that this release should be considered in light of all facts and circumstances regarding the business and financial condition and prospects of HMSG, and no inference is made that this release contains all such information. |
