ASHEVILLE, N.C., April 28, 2005 (PRIMEZONE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets:HISC) is pleased to announce that the Board has approved the application to the OTC Bulletin Board(R) (OTCBB).
"Our SEC Attorney and Auditors have completed the SB-2 and will be making the application within the next few weeks. We expect this will enhance shareholder value as we become fully reporting and begin to file full disclosure documents with the Securities and Exchange Commission," stated Frank A Moody, II, CEO of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems recently released its year-end, unaudited financials for the period ended December 31, 2004. Homeland Integrated Security Systems reported a net profit of over $550,000 for the year-end. Sales for the year ended December 31, 2004 were $2,061,856 with gross profit for the year ended December 31, 2004 of $1,585,051. Expenses for the year were less than $1,000,000 and the company reported a net operating profit of $585,666.
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About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. One of the key target markets is the 361 commercial seaports in the U.S. which are vulnerable to criminal penetration. For more information go to www.hissusa.com
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.