Homeland Integrated Security Systems Releases Financial Statements for Six Month Period Ending March 31, 2008
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ARDEN, NC, May 20 (MARKET WIRE) --
Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) has announced
that the Company's most recent financial statements have been posted on
PinkSheets.com. Over the past 18 months, the Company has been diligent in the
development and release of new products, as well as reducing Selling, General
and
Administrative Expenses from $792,489 in the six month period ending March 31,
2007, to $485,917 in the same time span ending March, 2008.
Homeland has concentrated its focus and investment solely on the development
of new products. Included are a two-inch by two-inch personal tracking device,
the
CT-100, a basic asset tracking product, the CT-150 and the CT-410 which is a
tracking device with input/output functions for machine to machine monitoring
and control applications. The Company is also developing a "plug and play"
energy management module that will help fleet managers reduce energy costs.
Homeland will soon release its new mapping software, which will allow it to
receive recurring monthly revenue on every hardware and software sale.
The Company has continued the evolution of its centerpiece product, the
Cyber
Tracker, CT-1000 which now operates on GSM networks such as AT&T and
T-Mobile. GSM is the predominate network throughout the world. The company has
also added its own wireless data service to enable its customers to receive
reduced rates.
"We have several new tracking and monitoring products on the market and
arecommitted to improving our financials, especially the sales line," stated
Fred
Wicks, CEO and President of Homeland Integrated Security Systems. "Our cost
reduction program has put us in a position to where we can become very
profitable as we increase our revenues."
To see the unaudited filing statement, visit the following link:
www.pinksheets.com/pink/quote/quote.jsp?symbol=hisu.
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 the Company's Web site: www.hissusa.com.
Statements contained in this news release, other than those identifying
historical
facts, constitute "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as
contained in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future expectations,
including
but not limited to revenues and earnings, technology efficacy, strategies and
plans, are subject to safe harbors protection. Actual Company results and
performance may be materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied by any
such forward-looking statements. The Company disclaims any obligation to update
or revise
anyforward-looking statements.
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Contact:
Homeland Integrated Security Systems, Inc.
www.hissusa.com
or Call
Investor Relations
+ 1-866-THE-APPL(E)
Copyright 2008, Market Wire, All rights reserved.
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