Polimatrix Nuclear and Radiological Detection Company Appoints Martin Erim as CEO

ARLINGTON, Va., July 24 /PRNewswire-FirstCall/-- Polimatrix, Inc., a solutions provider and systems integrator of radiation & nuclear detection and identification systems and a joint venture between Homeland Security Capital Corp. (OTC Bulletin Board: HMSC - News), a company focused on acquiring, developing and consolidating homeland security-related businesses, and Polimaster, Inc., announced today the appointment of Martin Erim as CEO of Polimatrix, Inc.

Erim's 25-year long career spanned businesses and project activities worldwide, specializing in the technology and defense contracting sectors. Before his appointment at Polimatrix, Erim served as president of AfterGlow Technologies, a subsidiary of Defense Holdings, Inc., which provides safety systems to commercial buildings in New York City . Prior to this, Erim was president, CEO & founder of First Renaissance Ventures (FRV). FRV provides M&A, finance and advisory services to clients and projects in the defense and commercial technology sectors.

Before Erim's work at FRV, he was a senior vice president at CACI, a publicly-traded defense IT and network solutions firm, with over 6,000 employees, based in Arlington, Va. Prior to CACI, Erim was president, CEO, & co-founder of American Legal Systems (ALS), a legal computer systems firm which was eventually sold to CACI. ALS provided high-end database services to Fortune 100 corporate and law firm clients nationwide and to the U.S. Government through its network of eight offices.

Erim serves on boards and advisory groups of various businesses. He is also a member of the National Military Intelligence Association.

Erim is chairman of Americans for Strong National Security, a nonpartisan, political networking and fundraising nonprofit. He also is a member of the Myers Society of the American University Washington College of Law, as well as having served as a member of the Dean's Advisory Council and on various other steering and planning groups. He is a member of the Political Science Board of Visitors at the Pennsylvania State University. He also endowed the Erim Fund for Political Science at Penn State. He is an active volunteer with Habitat for Humanity International and a member of their International Advisory Group.

C. Thomas McMillen, Homeland Security Capital chairman and CEO, said, "We are pleased to bring Martin on board, with his distinguished career in technology and defense contracting sectors we believe he will be an integral part of Polimatrix's future growth."

Martin Erim, Polimatrix Inc. CEO, said, "Polimatrix is an innovative company and I look forward to working with the team there to continue developing comprehensive systems to protect against radioactive and nuclear threats."

Erim is a licensed attorney and received his Juris Doctor from the American University Washington College of Law and his Bachelor's Degree from Pennsylvania State University. He has been recognized by International Who's Who.

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.

About Polimaster, Inc.

Headquartered in Arlington, Va., Polimaster, Inc. provides a complete line of solutions for radiation control equipment including its world-class radiation detection portal monitors, unique dosimeters, portable radiation detectors, pocket instruments, hand-held and built-in detectors and radionuclide identifiers. For more information, visit http://www.polimaster.us.

About Homeland Security Capital Corp.

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.

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: info@hawkassociates.com. 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.hawkassocaites.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 Polimatrix, Inc.