Homeland Security Capital Corporation's Advanced Radiation, Nuclear Protection and...

Homeland Security Capital Corporation's Advanced Radiation, Nuclear Protection and Detection Division to Participate in Operation Golden Phoenix Simulated Terrorism Training Event

Company Teams Up With Local, State and Federal Agencies To
Demonstrate Comprehensive Multi-Agency Emergency Response To Natural
And Terrorism Disaster

Operation Golden Phoenix Training Event To Be Held On July 21-24,
2008
ARLINGTON, Va.--(Business Wire)--
Homeland Security Capital Corporation (OTCBB: HOMS), an
international provider of specialized technology-based radiological,
nuclear, environmental, disaster relief and security solutions to
government and commercial customers, announced today that its
subsidiary, Polimatrix, a solutions provider and systems integrator of
radiation & nuclear detection and identification systems , has joined
this year's Operation Golden Phoenix, a four-day training event that
will allow local, state, and federal agencies to join other partners
in a simulated response to a mock terrorism attack.

The team is compiled of a group of strategically aligned
manufacturers and solution providers is seeking to demonstrate a wide
range of technologies that offer leading edge capabilities. These
vendors currently serve DHS, DOD, DOE, state, local, and federal
public safety elements as well as the international market. The goal
of the event is to allow participating agencies to cooperatively
practice command, communication and logistical skills used in the
response to natural disasters and other emergencies.

The objectives of Polimatrix include: demonstrating effective
radiological detection and communication response to terrorist or
border crossing threats; and mitigation of threats by using technology
supporting emergency response teams deployed in the field.

"We are excited and honored to be one of the companies chosen to
participate in this premier event," said former Maryland Congressman
C. Thomas McMillen, Homeland Security Capital Corporation's Chairman
and CEO. "These training events are critical in establishing a
coordinated response to both natural and terrorism disasters and we
are pleased to have this opportunity to demonstrate our radiation and
nuclear detection technologies."

About Golden Phoenix

Golden Phoenix is a multi-agency collaborative training event
designed to assist local, state, tribal and federal agencies such as
the San Diego Police, S.W.A.T. Team, Border Patrol, and the Marine
Corps in preparing for large and often-complex incident response
scenarios. To further this goal, CivMil.org is proud to help sponsor
Golden Phoenix '08 by providing a social networking outlet for all
those interested in the training.

About Polimatrix, Inc.

Polimatrix, Inc., a system integrator and total solutions provider
delivering advanced radiation and nuclear protection and detection
services. The company has been operating since September 2006 as a
joint venture between Homeland Security Capital Corporation and
Polimaster, Inc. For more information about Polimatrix, visit
www.polimatrix.com.

About Homeland Security Capital Corporation

Homeland Security Capital Corporation is a company engaged in the
strategic acquisition, development, and consolidation of homeland
security-related businesses, within the fragmented homeland security
industry. The company is focused on creating long-term value by taking
controlling interest and developing its subsidiary companies through
superior operations and management. The company is headed by former
Congressman C. Thomas McMillen, who served three consecutive terms in
the U.S. House of Representatives from the 4th Congressional District
of Maryland. Homeland Security Capital Corporation operates businesses
that provide homeland security products and services solutions,
growing organically and by acquisitions. The company is targeting
emerging companies that are generating revenues but face challenges in
scaling their businesses to capitalize on homeland security
opportunities.

Homeland Security Capital Corporation's portfolio of companies, in
addition to Polimatrix, Inc., include:

Nexus Technologies Group, a mid-Atlantic security integrator for
the corporate and governmental security markets that specializes in
non-proprietary integrated security solutions including access
control, alarm, video, communication, perimeter protection and bomb
and metal detection security systems. Nexus provides integrated
security solutions for the corporate and government security markets.
For more information about Nexus, visit www.nexusna.com.

Safety and Ecology Corporation is a rapidly growing environmental
services companies in the U.S., providing services nationally, in
Europe and the Caribbean. The Company specializes in the removal and
remediation of hazardous nuclear materials for the U.S. Department of
Energy, U.S. Department of Defense, and other federal agencies. S & E
Corp also provides advanced environmental services for private
industry across the country and internationally. Since its founding in
1991, S & E Corp has grown approximately 30 percent per year, and has
emerged as a technology innovator with more than 420 personnel
worldwide and with annual revenues of more than U.S. $50 million. For
more information on S & E Corp, visit www.sec-tn.com.

For more information about Homeland Security Capital Corporation,
or to be added to our e-mail distribution list, please visit
www.hscapcorp.com.

Forward-Looking Statement

This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts, that address
future activities, performance, events or developments, are
forward-looking statements. Although Homeland Security Capital
Corporation believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance, and actual
results or developments may differ materially from those in the
forward-looking statements.

Homeland Security Capital Corporation, Arlington, VA
Marianne Ricci, 703-528-7073 Ext. 100
IR@hscapcorp.com
or
SEC Public Relations
Anne Smith, 865-342-7668
asmith@sec-tn.com
or
The Investor Relations Group
212-825-3210
Investor Relations:
Conrad F. Mir
conrad@investorrelationsgroup.com
or
Christine A. Berni
christine@investorrelationsgroup.com
or
Public Relations:
Susan Morgenbesser
smorgenbesser@investorrelationsgroup.com

Copyright Business Wire 2008