Homeland Integrated Security Systems Signs Strategic Marketing and Sales Agreement With Silicon Valley Software Company, Gizmogrid, Inc.
By Market Wire
Last Update: 12/19/2005 8:20:02 AM
Data provided by
ASHEVILLE, NC, Dec 19, 2005 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (HISC) announced today that it has signed a strategic marketing and sales agreement with Gizmogrid, Inc., a Silicon Valley-based company that develops location-based software for on-demand, real-time wireless applications. Homeland Integrated Security Systems will have the right to sell Gizmogrid's software to North American and European operators such as Vodafone, Orange, Verizon, and Telia Sonera. Homeland Integrated Security Systems estimates the value of this contract to be $6 million over the next three years.
Gizmogrid (gizmogrid.com) develops on-demand, real-time wireless location-based software (LBS) platform and applications that work without the aid of CDs and memory cards. Gizmogrid Just In Time Navigator(TM) software provides turn-by-turn directions using audio and moving maps on demand whether the users are in their hometown or out of the country. Gizmogrid's software can be used on most handheld devices such as cellular phones and smartphones -- Motorola, Nokia, Palm, Treo, Windows Mobile and RIM Blackberry.
"The relationship with Homeland Integrated Security Systems will enable Gizmogrid to establish a strong market in Europe for our products," stated Ashutosh Kapuskar, CEO of Gizmogrid, Inc.
"Gizmogrid's on-demand, real-time location-based software enables Homeland Integrated Security Systems to further strengthen the relationships the company is developing with various European wireless operators," stated Brian Riley, Chief Operating Officer 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 seaport security products. Their target market is the 361 commercial seaports in the US which are vulnerable to criminal penetration. For more information please visit our website at www.hissusa.com
About Gizmogrid, Inc.
Gizmogrid owns innovative and inventive proprietary technology and solutions that enable its business partners, including handset and GPS device manufacturers, wireless carriers and mobile portals, to deliver a new generation of location-based services and applications directly on wireless, handheld devices. For more information, please visit their website at gizmogrid.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. Homeland Integrated Security Systems, Inc. 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.
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