Homeland Integrated Security Systems Achieves Record Date for Dividend
By Market Wire
Last Update: 10/25/2006 8:31:42 AM Data provided by
ASHEVILLE, NC, Oct 25, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce that their shareholders of record as of October 20, 2006 will be receiving a stock dividend in Evans Systems (EVSY). The pay date, October 30, 2006, that was previously announced remains unchanged.
Homeland Integrated Security Systems shareholders of record will receive 1 new share of the NASDAQ Bulletin Board Company restricted stock 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.
"The dividend in Evans Systems will allow our shareholder base to have ownership in two unique companies. We thank each and every shareholder for their patience," stated Fred Wicks, President and CEO of Homeland Integrated Security Systems.
Evans Systems, Inc. is a bulletin board company with a strategy to acquire private companies with unique products and/or technologies. Some of these companies will be "spun off" as separate public companies with Evans retaining a minority ownership. Other companies will be integrated into Evans as permanent operating divisions.
Evans Systems, Inc. (EVSY) recently announced that the company had signed a Letter of Intent to acquire TeleCents Communications, Inc. (TCI) of Michigan for $13 million in cash and stock considerations. TCI (www.telecents.com) is a privately held telecommunications company that provides Voice over Internet Protocol (VoIP) services, internet based call-on demand, and pre-paid, PIN based calling card services.
The parties have completed due diligence and expect a closing to occur on or before November 30, 2006. TeleCents sales in 2005 were $10,599,000. TCI is projecting 2006 sales to be approximately $11,300,000.
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.
For more information please visit our website www.hissusa.com or contact Matt Maguire at 1-866 THE APPL(E).
