Homeland Security Group International's Security Division Signs Additional Nationwide Contracts; Security Division Projects Monthly Revenues of $50,000.00
DEL MAR, Calif., Nov 15, 2005 (BUSINESS WIRE) -- Homeland Security Group International (Pink Sheets:HMSG), announced today that its security division has signed six new annual contracts for northern California and seven other nationwide contracts for a total of thirteen new nationwide accounts. HMSG projects monthly revenues in excess of $50,000.00 from new accounts by end of year.
Additionally, HMSG announced they will be providing security from California to Virginia for the December third nationwide grand-opening of Marianne and Ashley Stewart stores.
"Our security division is performing far better than we expected as evidenced by continual signing of new contracts across the US. Our guards are performing with military precision and we couldn't be prouder of how this division is performing," commented HMSG's Director of Security, Mark Wilson.
The company's physical security force has been operating under "Wilson Security" due to pre-existing licensing and insurance in the State of California. The company has requested a name change to: "Homeland Security Group International Private Security" from the California Bureau of Security and Investigative Service (BSIS). BSIS is the state regulatory body with authority over Private Patrol agencies.
The company has also announced that the San Francisco office will be managing six annual contracts for Nordstroms, T.J. Maxx, Good Guys, Comp USA, A.J. Wright, and Guess, Inc. stores in the Bay area.
HMSG entered into a national contract with NESCTC after completing security contracts for the company in San Diego, Bakersfield and San Francisco, California. "Our association with NESCTC has proved more beneficial than we could ever have expected. Since realizing our capabilities and potential, NESCTC has become a virtual sales force for HMSG by providing us with new contracts on a daily basis. HMSG has answered by providing the finest in professionally trained security personnel," said Wilson.
Personnel seeking employment as uniformed security guards should contact HMSG for interview appointments. Prospective employees can also send their resumes by fax or email for consideration.
ABOUT HOMELAND SECURITY GROUP INTERNATIONAL
Homeland Security Group International (Pink Sheets:HMSG), is a technology-based corporation based in north county San Diego. HST's mission is the development and commercialization of technology focused on providing increased security for both civilian and military personnel throughout the world. Under the leadership of Colonel Jeffrey A. Powers, USMC (Retired), HMSG has assembled a portfolio of technology and services through alliances with established defense-related companies and through internal development that is being brought to market in a cost-efficient and timely manner. The Company also has an alliance with Recon Mountaineer, LLC, (an Oceanside, Calif.-based designer and manufacturer of military combat gear for the United States Armed Forces). The company has partnered with leading security firms to design and market surveillance systems for homeland defense security applications.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. HMSG's common stock currently trades on the over-the-counter "Pink Sheets" under the symbol "HMSG." This press release in no way constitutes any recommendation regarding the securities of HMSG or its affiliates. Any person reading this press release is advised that this release should be considered in light of all facts and circumstances regarding the business and financial condition and prospects of HMSG, and no inference is made in this release contains all such information.
SOURCE: Homeland Security Group International
CONTACT: Homeland Security Group International
Colonel Jeffrey A. Powers, 858-436-2480
Toll free 800-544-7795
or
PMR and Associates, LLC
Patrick Rost, 858-350-0409 (Investor Relations)
Copyright Business Wire 2005
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