ARLINGTON, Va., Aug. 15 /PRNewswire-FirstCall/ -- Homeland Security Capital Corporation (OTC Bulletin Board: HOMS), a company focused on acquiring, developing and consolidating homeland security-related businesses, today announced its financial results for the second quarter and six months ended June 30, 2007 . During the quarter, Homeland Security announced the sale of its subsidiary Security Holding Corp, which is expected to close in late August. Financial results measure the operational performance of continuing operations unless otherwise noted.
The company reported revenue of
Homeland Security reported a net operating loss of
The company measures its operating results by subsidiary. The following table reflects these results from continuing operations, for the second quarter and six months, on a segment basis.
C. Thomas McMillen, Homeland Security Capital chairman and CEO, said, "We
continue to focus efforts on building value for our shareholders. The sale of
Security Holding Corp resulted in approximately 22.5% return on our investment
a year ago. Nexus revenues are up approximately 54.2% from the
McMillen and key members of the management team will hold a conference call on August 16 at 4 p.m. Eastern Daylight Time . The call will cover the company's second quarter results. McMillen will open the call and a question- and-answer session will follow.
To participate, dial (877) 407-0782 after 3:50 p.m. EDT today. International and local callers should dial (201) 689-8567. While in conference, if callers should experience any difficulty or require operator assistance, they can press the (*) followed by the (0) button. This will call an operator to the line.
About Homeland Security Capital Corporation
Homeland Security Capital is a consolidator in 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 intends to operate 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. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows. For more information, visit www.hscapcorp.com.