ASHEVILLE, N.C., May 10, 2005 (PRIMEZONE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets:HISC) announced today that it has completed Phase II of the Savannah Port Project and that it will be delivering the results to over 350 major ocean ports and more than 175 major commercial river ports as well as major airports and other secured facilities this summer.
Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. The project at the Savannah Port is being conducted in conjunction with Georgia Tech and the Maritime Logistics Innovation Center (MLIC). Phase III will consist of GIS mapping and software finalizations. It will incorporate tracking devices deployed both on the port and in the immediate area surrounding the port. Phase II has exceeded all expectations.
According to the New York Times, the U.S. spent more than $4.5 billion on screening devices to monitor the nation's ports, borders, airports, mail and air, the federal government is moving to replace or alter much of the antiterrorism equipment, concluding that it is ineffective, unreliable or too expensive to operate. The federal government will likely need to spend as much as $7 billion more on screening equipment in coming years, according to government estimates.
Homeland Integrated Security Inc. will be featured in today's Investor's Business Daily, and will be featured on www.investors.com for two weeks.
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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.