Homeland Security Corporation Announces 75% Reduction of Authorized Shares
Homeland Security Corporation (PINKSHEETS: HSCC), a leading innovator of surveillance driven technologies, announces that on March 31, 2011, the Company, pursuant to a Board Meeting, filed a corporate resolution with the State of Nevada in order to reduce its authorized share amount by 750 million, from one billion (1,000,000,000) to two hundred fifty million (250,000,000). The total reduction is complete and has become effective. This action along with the NOBO/OBO Shareholder Report (11/05/10) is in keeping with management's pledge to increase transparency and build long term value for the company's shareholders.
David L. Shade, Chairman and CEO, Homeland Security Corporation, said, "The company believes that the overall value of Homeland Security Corporation has a tremendous upside and we will strive to reflect that value in HSCC's stock price. This significantly reduced number of authorized shares is more closely reflective of our shares outstanding and float, putting HSCC in a more favorable position to attract new investors." For a detailed description of the NOBO/OBO shareholder composition, homelandsecuritycorporation.com
Homeland Security Corporation, based in Newport Beach, CA, is an emerging leader in bringing technology and engineering together to create innovative solutions for customers through surveillance technologies, process management, and industrial automation. For the latest HSCC updates Twitter @homelandseccorp
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