Homeland Integrated Security Systems, Inc. Shareholders Have Until October 20, 2006 to Qualify for the Evans Systems Stock Dividend
By Market Wire
Last Update: 10/16/2006 8:31:37 AM Data provided by
ASHEVILLE, NC, Oct 16, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (www.hissusa.com) (PINKSHEETS: HISC) announced today that it has notified the NASD and has given its shareholders until October 20, 2006 to qualify for the stock dividend of Evans Systems Inc. (EVSY), which is trading on the NASDAQ Bulletin Board.
The Homeland Board has extended the record date to October 20, 2006 so more shareholders can benefit from the pending acquisition of TeleCents Communications, Inc. by Evans Systems. As a result, Homeland Integrated Security Systems the payment date will be October 30, 2006. All Homeland Integrated Security shareholders of record as of October 20, 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. Evans Systems has recently been trading in the $0.50 to $0.75 per share range.
"Due to the ongoing negotiations with TeleCents Communications, the Company felt it was in the best interest of our shareholders to modify the dividend record and pay dates. We want to thank our loyal shareholders for their patience and understanding," stated Fred Wicks, President and CEO 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. Cyber Tracker technology has applications for data and tracking functions across numerous verticals. For more information please visit our website www.hissusa.com.
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.
AI
