DEL MAR, Calif., Sept. 17, 2004 (PRIMEZONE) -- Homeland Security Technology, Inc. (Pink Sheets:HSTJ) is a developmental stage company in the $570 billion Homeland Defense Sector based in San Diego, California, trading under the ticker symbol HSTJ. HST Inc.'s mission is to develop and commercialize technology focused on providing increased security for both civilian and military personnel throughout the world.
Under the leadership of Colonel Jeffrey A. Powers, USMC (Ret.), a 26-year veteran of the U.S. Marine Corps, HST seeks to assemble a portfolio of technology and services through alliances with established defense-related companies and through internal development that can be brought to market in a cost-efficient and timely manner.
HST, Inc. has assembled a top-notch Advisory Board consisting of a retired Marine Corps General, a former FBI Sniper and a retired Navy Combat Pilot. HST Inc.'s first business initiatives were to form joint ventures and business relationships with established manufacturers of military gear and disaster and emergency preparedness products. Additionally, HST's management team is involved in high-level negotiations with industry leaders involving Surveillance Systems for Site Security, Advanced Weapons Systems and Special Operations Training for Urban Warfare. More developments are expected in these areas in the near future.
CORPORATE OVERVIEW www.HomelandSecurityTechnologyInc.com
MANAGEMENT
HST, Inc. Founder Colonel Jeffrey A. Powers (USMC Retired)
Colonel Jeffrey Powers USMC (retired) has recently retired from the US Marine Corps achieving the rank of Colonel. He is veteran of Operation Desert Shield/Storm where he commanded a 1,200-man Task Force into Saudi Arabia as part of the lead Marine Corps contingent in Desert Shield. Colonel Powers was decorated for valor while serving as Operations Officer for the lead Task Force into Kuwait. Additionally, Colonel Powers held command assignments in Marine reconnaissance, light armor reconnaissance, a Dutch Marine rifle company, a U.S. Army Special Forces (Green Beret) training company, as well as officer in charge of Special Operations Training Group for the Marines on the west coast. He commanded two Light Armor Reconnaissance Battalions.
Following retirement from the Marine Corps, Colonel Powers worked as an analyst for the U.S. Army's Future Combat Systems at Boeing. Colonel Powers has over 26 years' experience in training, motivating and directing multinational, civilian and military personnel. He developed combat proven techniques utilized to build cohesive teams capable of rapid planning and response in any high-stress environment. Experienced in leading and teaching several thousand personnel to include military, law enforcement and corporate groups. Highly regarded as a charismatic leader and instructor. Continuously sought for leadership and motivational speaking engagements, in addition to numerous course work and continuing education throughout his military career, Colonel Powers is a graduate of Villanova University with a B.A. in Criminal Justice, an M.S. in Urban and Environmental Studies from Rensselaer Polytechnic Institute and an M.A. in National Security and Strategic Studies, Naval Warfare College, Newport, RI.
JOINT VENTURE AND BUSINESS PARTNERS
RECON MOUNTAINEER, LLC
The company has entered into a Joint Venture Agreement with Recon Mountaineer, LLC a designer and manufacturer of advanced military combat gear for the United States Armed Forces. D.A. "Mack" Mlynek is the Founder and President of Recon Mountaineer, LLC. HST, Inc is currently manufacturing and distributing a ruggedized load-bearing carry case called the Combat Trauma Bag (CTB) or the Combat Utility Bag (CUB). The Bag is currently in use by U.S. Navy Medical Corpsman operating side by side in support of the U.S. Marine Corps in current combat operations in the Middle East.
The Joint Venture Agreement between HST, Inc. and Recon Mountaineer entails several key components designed to enable growth and increased distribution of Recon Mountaineer, LLC's new and existing product line.
ABOUT RECON MOUNTAINEER, LLC and the COMBAT TRAUMA BAG (CTB)/COMBAT UTILITY BAG (CUB)
Recon Mountaineer, LLC is an Oceanside, Ca.-based designer and manufacturer of military combat gear for the United States Armed Forces. The President and Chief Designer, D.A. "Mack" Mlynek's experience with modification of existing/past load bearing equipment and design and fabrication of new concepts reaches back 18 years.
The company's lead product is the Combat Trauma Bag, or CTB. The CTB is a Highly Durable Ruggedized carrying case currently used by medical personnel involved in current combat operations. The design of the CTB is extremely manageable for use by the Navy's medical corpsman in battlefield situations and provides quick and easy accessibility when time is of the essence. The CTB has been revised twice with the input acquired from the U.S. military.
Field reports for the Combat Trauma Bag are very encouraging. Front line medical personnel have used this product and it appears from discussions with military commanders that demand will be increasing.
Due to flexibility and utility of the bag, the product is also being sold under the Combat Utility Bag (CUB) name. Numerous military personnel have advised management that the bag was being used for more general purposes and have ordered the bag for non-medical utilization. HST, Inc. is currently marketing the CUB as a multi-purpose ruggedized, load bearing carry case for use by all combat personnel.
HST, Inc. has received authorization from Homeland Preparedness.com, a leading U.S. manufacturer and distributor of Emergency and Disaster Preparedness Products, to market and resell its goods to the U.S. Military, U.S. Law Enforcement Entities, Governmental Agencies and U.S. Consumer Markets. HST has incorporated the entire product line from Homeland Preparedness into its marketing program and is in the process of creating a Request for Proposal (RFP) for the U.S. Air Force for Cold Weather Survival Kits.
Homeland Preparedness.com offers a complete selection of items to assist business, governmental agencies and law enforcement in preparing for disasters and emergencies. The disaster kits and emergency supplies are currently used by the American Red Cross and other government agencies. Available for individuals, groups, the home, the car or the workplace. Homeland Preparedness is committed to providing the most dependable, comprehensive emergency kits and supplies available in today's marketplace. Individual items or ready-made kits can be ordered.
MILITARY TECHNICAL ADVISORY BOARD
Homeland Security Technology, Inc. has assembled a stellar team of military veterans with a broad range of experience to advise management on strategic issues.
Emil R. Bedard, Lieutenant General, United States Marine Corps (Ret.), Homeland Security Technology, Inc. Advisory Board Member:
On July 25, 2000, General Bedard was advanced to lieutenant general and assumed the duties as the Deputy Commandant for Plans, Policies and Operations, Headquarters, U.S. Marine Corps, Washington, D.C.
His awards and decorations include the Distinguished Service Medal, Defense Superior Service Medal, Legion of Merit (with gold star in lieu of 2d award), Bronze Star (with Combat V), Defense Meritorious Service Medal, Meritorious Service Medal, Air Medal with 18 Strike/Flight awards, Navy and Marine Corps Commendation Medal (with Combat V and 2 gold stars in lieu of subsequent awards), Army Commendation Medal, Navy and Marine Corps Achievement Medal and the Combat Action Ribbon.
Ronnie J. Frigulti, Homeland Security Technology, Inc. Advisory Board Member:
Frigulti is a United States Marine Corps Combat Veteran having served as an infantry platoon and company commander in Vietnam, 1968-1969.
During his career with the FBI, he served on the Los Angeles FBI Swat Team for 15 years where he was a sniper, sniper team Leader, and Assault Team Leader. He was certified by the FBI as a firearms, defensive tactics and police instructor for 22 years. He was appointed as the Principal Firearms Instructor for the Los Angeles FBI Field Office and served in that capacity for 17 years until his retirement from the FBI.
Mr. Fragulti founded and currently operates Police Training Consultants, LLC., a firearms and tactical training/consulting company. They are dedicated to officer safety by providing fundamental and practical training to officers in law enforcement and the military.
Kit Lavell, Homeland Security Technology, Inc. Advisory Board Member:
Lavell flew 243 combat missions as a Naval Aviator in Vietnam. He has written extensively on military and technology issues for newspapers and magazines. His book, "Flying Black Ponies: the Navy's Close Air Support Squadron in Vietnam," was published by Naval Institute Press. He is completing a book on World War II aviation for the Smithsonian Institution Press.
The San Diego Union-Tribune recently published his six-part freelance feature series, `A Revolution in Warfare: Defending America in the 21st Century' in the Sunday Insight Section.
Lavell is Executive Vice President of Strategic Operations, Inc., a San Diego company that provides tactical training facilities and simulations for the military and law enforcement agencies. Strategic Operations is affiliated with Stu Segall Productions, San Diego's only movie studio, and uses state-of-the-art filmmaking techniques to make tactical training "hyper-realistic."
Mr. Lavell holds Airline Transport Pilot and Civilian Flight Instructor Ratings. His military decorations include the Distinguished Flying Cross, 21 Air Medals, 5 Navy Commendation Medals with combat "V," Navy Achievement Medal with combat "V," and the Combat Action Ribbon.
Industry Analysis and Competitive Analysis
The Defense contractor industry generates revenues in the hundreds of billions of dollars each year. Industry leaders include Northrop Grumman (NYSE "NOC"), Lockheed Martin (NYSE "LMT"), General Dynamics (NYSE "GD") and Boeing (NYSE "BA"), Armor Holdings (NYSE "AH"), Kroll, Inc (NASDAQ "KROL"). Numerous companies have recently entered the Homeland Defense sector and have made national headlines.
Smaller company standouts include Taser International (NASDAQ "TASR"), Ipix, Inc. (NASDAQ "IPIX"), and Mace, Inc. (NASDAQ "MACE"), MDM Group (OTC: "MDDM"), Markland Technologies, Inc (OTCBB: "MRKL"), Aethlon Medical (OTCBB: "AEMD"), Roaming Messenger, Inc (OTCBB: "RMGS"), Digital Recorders, Inc (NASDAQ: "TBUS"), US Global Nanospace (OTCBB: "USGA"), Metal Storm, Inc. (NASDAQ: "MTSX"), Firearm Training Systems, Inc. (OTCBB: "FATS").
2005 Homeland Defense Market
Recent press reports have indicated that President Bush has proposed a 14.4% increase in spending for the Department of Homeland Security to $47.4 billion. The request for total military spending was slated at $402.6 billion. Highlights of the 2005 budget include: $3.2 billion for Future Combat Systems, an Army program developing military gear for soldiers to use in combat situations; $890 million was budgeted for aviation security measures such as bomb detection machines and air marshal training; the Justice Department is to receive a 242% budgetary increase from 2001 levels to $22 billion for counter-terrorism and homeland defense efforts allocating more than 2,600 FBI agents for counter-terrorism efforts. Recent reports peg the total expected expenditures for global homeland defense spending in excess of $570 billion for 2004.
For more information visit www.HomelandSecurityTechnologyInc.com