Homeland Integrated Security Systems, Inc. Acquires Forty Million Shares of Evans Systems, Inc.
By Market Wire
Last Update: 9/7/2006 11:25:31 AM Data provided by
ASHEVILLE, NC, Sep 07, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce that the Company has acquired forty million shares of Evans System, Inc. (EVSY), in exchange for $500,000 cash. The Company has also established a record date of October 13, 2006 for the EVSY stock dividend. Homeland Integrated Security Systems announced that the corresponding payment date for the dividend will take place on October 25, 2006.
All Homeland Integrated Security shareholders of record as of October 13, 2006 will receive 1 share of Evans Systems, Inc. for every 50 shares of HISC they own as of the record date. The dividend in Evans Systems is expected to be valued at approximately $0.50 per share based on the recent trading price of the stock.
"We are excited to complete the acquisition of Evans Systems shares and look forward to rewarding our loyal shareholders with this upcoming stock dividend. Based on current prices, we believe this should be an amazing value for any investor in Homeland Integrated Security Systems," stated Fred Wicks, CEO of Homeland Integrated Security Systems, Inc.
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. Cyber Tracker 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. The Company 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.
