Homeland Integrated Security Systems, Inc. Shareholders to Be Issued a NASDAQ Bulletin Board (EVSI) Stock Dividend
By Market Wire
Last Update: 7/21/2006 8:31:58 AM Data provided by
ASHEVILLE, NC, Jul 21, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce that their shareholders of record will be receiving a stock dividend in EVSI once they have established a new record date which will be further explained in a letter to the shareholders to be posted on the company website shortly.
Homeland Integrated Security Systems shareholders of record will receive 1 new share of the NASDAQ Bulletin Board Company for every 50 shares of HISC they own as of the record date. Homeland Integrated Security Systems shareholders will maintain their stock ownership of HISC and will receive a dividend in the NASDAQ Bulletin Board Company.
Homeland Integrated Security Systems previously announced that the company will not be merging any of its assets with Evans Systems Inc. and that the Board of Directors has elected to retain 100% of the ownership rights to all their assets, including the Company's flagship product, the Cyber Tracker. Homeland Integrated Security Systems, Inc. will continue to market and sell the Cyber Tracker, in the U.S. and international markets, and will also maintain all of its current distribution agreements.
Evans Systems filed an 8K terminating the merger with Homeland Integrated Security Systems. Despite the termination of the merger agreement with Homeland Integrated Security Systems, shareholders of HISC will still maintain ownership in the New Nasdaq Bulletin Board Company and thus receive their dividend.
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. Cyber Tracker technology has applications for data and tracking functions across numerous verticals, utilizing IDEN, GSM, and Satellite technologies (CDMA version coming mid-year 2006).
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.
SOURCE: Homeland Integrated Security Systems Inc.
