MOMO'S BREAKOUT BOARD

[HDOGTX]

HOMS Over $200,000 of stock traded so far on 291 trades, + 100% on Big Contract awards

ARLINGTON, Va. , Jan 20, 2011 -- Homeland Security Capital Corporation (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced that its subsidiary, Safety and Ecology Corporation ( SEC ), has received notification from the United States Small Business Administration's Office of Hearing and Appeals (OHA), that SEC is not in violation of the small business size qualification and ruled in SEC's favor on the size determination protest. As stated in the OHA official announcement issued on January 12, 2011 , "OHA publishes a redacted version of the decision for public release," and the conclusion states that the company SEC "is a small business."

As previously announced in a HOMS press release dated August 16, 2010 , SEC proactively defended a protest made by the unsuccessful bidders, as they were disputing SEC's business size under the rules of the Small Business Administration (SBA).

"We are extremely pleased with the ruling, as it has been difficult for all companies involved. Communications, business development and strategic planning becomes complicated during litigation, therefore we are continuing to move forward, and are eager to put this behind us," said C. Thomas McMillen , Chairman and CEO of HOMS.

Due to this determination, DOE was able to move forward with two procurements that were upheld pending the SBA ruling. As such, DOE officially awarded SEC two contracts, both of which were published on the federal business opportunities (FBO.gov) website on December 22, 2010 .

SEC was awarded the DOE Office of Environmental Management West Valley Demonstration Project (WVDP) environmental characterization and support services contract. Under this Indefinite Delivery/Indefinite Quantity (IDIQ) single award contract with an estimated contract ceiling of $25M , SEC will perform environmental characterization support services including, but not limited to soil, sediment and groundwater characterization, environmental monitoring, and associated regulatory documentation supporting decommissioning activities at WVDP. This five year project is located within the Western New York Nuclear Service Center owned by the New York State Energy and Development Authority .

The second contract was officially awarded to SEC , from the DOE Office of Environmental Management , for the Nationwide Multiple Award Small Business set-aside IDIQ contract. SEC is one of the twelve companies that are eligible for contract awards for future work to be performed at various DOE sites. The total value of the cleanup projects can reach up to $926 million over five years. Task orders may include environmental remediation services, deactivation, decommissioning, demolition, removal of contaminated facilities services, waste management and regulatory services.

"We are extremely grateful for the decision, and look forward to continuing to perform work to move the DOE missions forward," said Christopher Leichtweis , President of Homeland Security Capital Corporation and CEO of SEC .

About Safety and Ecology Corporation

Safety and Ecology Corporation ( SEC ) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean . The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy , U.S. Department of Defense , and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million . For more information on SEC , visit www.sec-tn.com.