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Friday, February 16, 2007 6:06:23 PM
Homeland Integrated Security Systems and Big Apple Consulting Settle Lawsuit
ASHEVILLE, NC, Feb 16, 2007 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the lawsuit between Big Apple Consulting and Homeland Integrated Security Systems has been amicably settled.
On January 5, 2007, Evans Systems, along with Homeland Integrated Security Systems, was named a defendant in a lawsuit in which Big Apple Consulting, USA, Inc. was the plaintiff. The parties, taking into account the overall effect on the Evans shareholders, resolved their differences, and the final settlement agreement should be executed early next week. Details will be disclosed upon execution of the formal agreements.
About Homeland Integrated Security Systems, Inc.
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.
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.
Contact:
Homeland Integrated Security Systems
Investor Relations
828-681-5152 ext. 114
http://www.hissusa.com
SOURCE: Homeland Integrated Security Systems, Inc.
http://www.hissusa.com
Copyright 2007 Market Wire, All rights reserved.
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