Homeland Integrated Security Acquired for $8.3 Million

BOCA RATON, Fla. , Oct. 28 /PRNewswire-FirstCall/ -- Homeland Integrated Security Systems, Inc. (OTCPK: HISU) is pleased to announce that the Company has been acquired for approximately $8.3 Million. The acquisition price will be paid over time in a combination of partially cash, and primarily preferred and restricted stock. As part of the agreement, the former directors agreed to retire 100% of their Series A preferred stock, which had "super voting" rights. In addition, Mr. Ralston was able to discharge the liabilities accrued under and secure the release of the Public Company from the employment agreements of former management, which were executed in September of 2005.

Homeland Integrated Security Systems, Inc. will continue to operate as a subsidiary of the public entity, continuing its operations in applying applications for data and tracking functions using its current Cyber Tracker product line. The Company's subsidiary will be working diligently to finalize a number of purchase orders as well as generate new customers through their GSA listing. Homeland Integrated Security Systems has also become an approved vendor on the Department of Homeland Security's vendor list.

Mr. Ralston will immediately be looking to increase shareholder value through key acquisitions. The Company is currently evaluating acquisition candidates which will complement the Company's current products and improve their product portfolio to reach various vertical markets and increase the Company's revenue streams.

"I believe there is a large potential for the growth of Homeland Integrated Security Systems. Our subsidiary has a robust product line-up with massive potential to increase their growing customer base through their GSA listing. Our long term strategy is to complete strategic acquisitions and increase sales and recurring revenue while reducing costs in order to bring increased shareholder value," stated Roger Ralston , CEO of Homeland Integrated Security Systems.

About Homeland Integrated Security Systems, Inc.:

Homeland Integrated Security Systems is a technology based company, which through its subsidiary owns proprietary technology in conjunction with its Cyber Tracker product line. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies. In addition, the use of satellite technology in conjunction with the Cyber Tracker is under development.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

SOURCE Homeland Integrated Security Systems, Inc.



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