Homeland Integrated Security Systems, Inc. Delivers CyberTracker(TM) to Norfolk Juvenile Detention Center
By Market Wire
Last Update: 7/11/2006 8:31:48 AM Data provided by
ASHEVILLE, NC, Jul 11, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce that the Company has recently delivered and installed CyberTrackers(TM) to the Norfolk Juvenile Detention Center. Homeland Integrated Security Systems won the open bid from the City of Norfolk and has received payment for the initial order.
The State of Virginia reports that each of its locality owned detention facilities currently houses between twenty to one hundred juvenile offenders daily awaiting juvenile adjudication or serving short term sentences. Each one of those juveniles costs the locality and the state an approximately $160.00-$200.00 a day to detain, feed and provide basic medical care costing the State of Virginia and local government almost $33 Million annually. By using Homeland Integrated Security Systems' patent-pending CyberTracker(TM), the monitoring costs for the entire state's juvenile offender population will only cost $2 Million for the first year and $1 Million each subsequent year.
"The solution Homeland Integrated Security Systems has provided to the Norfolk Juvenile Detention Center is an incredible opportunity, in a completely new market, for our state-of-the-art CyberTracker(TM). We are also very excited to begin development of additional technology, which will operate in conjunction with our CyberTracker solution in this new vertical market," stated Fred Wicks, CEO of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems, Inc. recently announced during their teleconference that the Homeland Integrated Security Systems, Inc. shareholder dividend of EVSI shares, which was to be issued to shareholders of record as of June 29th, 2006, was extended to a record date of July 27, 2006. All Homeland Integrated Security shareholders of record as of July 27, 2006 will receive 1 share of Evans System Inc. for every 50 shares of HISC they own as of the record date. The dividend in Evans System is expected to be valued at $.50 per share.
About Homeland Integrated Security Systems, Inc.: Homeland Integrated Security Systems, Inc. owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. CyberTracker technology has applications for data and tracking functions across numerous verticals. For more information please visit our website www.hissusa.com.
Safe Harbor: 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.
SOURCE: Homeland Integrated Security Systems, Inc.
