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.
About Nexus Technologies Group
Nexus Technologies Group, headquartered in Hawthorne, N.Y., provides integrated security solutions for the corporate and government security markets. A subsidiary of Homeland Security Capital Corp., Nexus Technologies Group offers its own brand of security integration, which leverages more than a combined 50 years of industry experience while providing a unique solutions perspective. Ultimately, with cutting-edge technologies, Nexus provides innovative, engineered and scaleable solutions to effectively protect people, property and assets. For more information, visit http://www.nexusna.com.
About Security Holding Corporation
Security Holding Corp., through its subsidiaries, is a single-source manufacturer of RFID enabled integrated electronic access control solutions and security management products. The systems are designed for Homeland Security applications, commercial and institutional markets. The company markets its products through an established network of system integrators and authorized distributors. For more information, visit: http://www.securityinc.com.
About Polimatrix, Inc.
Polimatrix, Inc. is a system integrator and total solutions provider delivering radiation and nuclear protection and detection. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information, visit www.polimatrix.com.
An investment profile about Homeland Security Capital may be found at http://www.hawkassociates.com/hmscprofile.aspx.
For investor relations information regarding Homeland Security Capital, contact Frank Hawkins or Julie Marshall , Hawk Associates, at (305) 451-1888, e-mail: firstname.lastname@example.org. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/email.aspx.
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 Corp. 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.
SOURCE Homeland Security Capital Corporation