Homeland Integrated Security Systems Selects KORE Telematics to Provide Private Label Wireless Services
Market Wire
Posted: 2008-02-19 09:58:26
ASHEVILLE, NC -- (MARKET WIRE) -- 02/19/08 -- Homeland Integrated Security Systems Inc. (PINKSHEETS: HISU) announced today that the company has selected KORE Telematics to provide wireless service for HISS's Machine-to-Machine (M2M) applications utilizing its revolutionary "Smart Box," the CT-1000. According to KORE, it manages more all-digital end-point connections than any other independent service provider. By partnering with KORE, HISS can offer its own private-label wireless network as part of the Cyber Tracker service package. KORE's press release can be viewed at www.koretelematics.com .
"Having the ability to utilize an independent network for the delivery of data transmission gives us an additional source of reoccurring revenue," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems. "With this contract in place, every unit that is appropriate for activation on KORE's network will generate a monthly revenue stream."
"We are obviously very pleased with the opportunities this relationship presents for Homeland Integrated Security Systems," stated Brian Riley, Chairman and COO of Homeland Integrated Security Systems. "This relationship will allow us to activate CT technology on all the major networks in the United States."
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology in conjunction with its Cyber Tracker product line. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies. In addition, the use of satellite technology in conjunction with the Cyber Tracker is under development. For more information please visit our website www.hissusa.com .
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that assumptions underlying forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
Contact:
Homeland Integrated Security Systems
Investor Relations
828-681-5152 ext. 114
hissusa.com |
