HOMS is exploring "strategic alternatives":
Homeland Security Capital Corporation Exploring Strategic Options including Sale, Merger, Acquisitions, or Recapitalization
* Retains SunTrust Robinson Humphrey and Curtis Securities LLC as Financial Advisors
Press Release Source: Homeland Security Capital Corporation On Wednesday June 9, 2010, 9:00 am
ARLINGTON, Va.--(BUSINESS WIRE)--Homeland Security Capital Corporation (OTCBB: HOMS - News), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that it was exploring its strategic alternatives, including the potential sale of its two subsidiaries, Safety and Ecology Corp (SEC) and Nexus Technologies Group, or a merger, recapitalization, additional acquisitions or other strategic options for the company.
The company said it has retained SunTrust Robinson Humphrey Inc., as its financial adviser for Safety and Ecology and Curtis Securities LLC., for Nexus Technologies Group.
C. Thomas McMillen, CEO of HOMS, said, “We are beginning the process of exploring all options for the Company. Our goal is to unlock shareholder value which has been created by our strong performance in fiscal 2010, our continued investment in growth initiatives and the growing backlog of business."
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