ASHEVILLE, N.C., July 5, 2005 (PRIMEZONE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets:HISC) announced today the following significant improvements in its liquidity and capital resources as of and for the period through June 30, 2005.
Financial Highlights for Period Ended June 30, 2005:
-- Cash flows from the sale of common stock during the period ended June 30, 2005 were $941,704. This financing will enable the company to market and fulfill any purchase orders for its products including the Cyber Tracker and Cyber Noze.
As previously released, Homeland Integrated Security Systems reported results of its year end un-audited financials for period ending December 31, 2004. Homeland Integrated Security Systems, Inc. reported a Net Profit of over $550,000 for the year end. Sales for the year ended December 31, 2004 were $2,061,856 with Gross Profit for year ended December 31, 2004 of $1,585,051. Expenses for the year were less than $1,000,000 and the company reported a Net Operating Profit of $585,666.
"We are pleased with our June 30, 2005 liquidity and capital resource positioning, and expect to see a significant operational improvement for the remainder of the year," said Mr. Frank Moody, Chief Executive Officer of Homeland Integrated Security Systems, Inc.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. One of the key target markets is the 361 commercial seaports in the U.S. which are vulnerable to criminal penetration. The company is now accepting pre orders for the Cyber Tracker at www.hissusa.com.
For more information please visit our website www.hissusa.com or contact Matt Maguire 1-866 THE APPL(E)
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.