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08/23/06 10:28 PM

#42524 RE: WayneC777 #42521

Here's the ugly facts from last year's SB-2:

We have engaged Big Apple Consulting USA, Inc. for investor relations and public relations services for our Company. Our engagement with them provides that they will profile our Company to the investment community via telephone conference calls and distribution of public news to the brokerage community. We have paid Big Apple Consulting USA, Inc. 8,000,000 shares of our common stock for their services. A copy of our agreement with Big Apple Consulting USA, Inc. is attached as an exhibit to this registration statement.

In July 2005, we entered into an agreement with Big Apple whereby Big Apple will provide consulting services to us. Big Apple will be compensated on a monthly basis in the amount of $75,000. If payment is to be made in stock, Big Apple shall be entitled to receive $75,000 per month worth of our common stock based upon the previous 10 day average closing bid price. The terms of this agreement shall commence on October 1, 2005.

In addition to the services identified in Section 1.01 to 1.06 above, at the direction of and with the consent of the Company, Consultant has agreed to retain Management Solutions International, Inc. to provide the services described in Exhibit “A” and made a part of this Agreement under the terms and conditions set forth herein.

On November 29, 2005, we issued 10,000,000 stock options for shares of our common stock to Management Solutions International, Inc., a Florida corporation, which is owned by Big Apple Consulting USA, Inc.
***NICE!***

The term of this Agreement shall commence on October 1, 2005 (the “Effective Date”) and shall expire one (1) year thereafter. The Company shall have the right to extend this contract an additional six (6) months after the first one (1) year expires.

Compensation: On a monthly basis Consultant shall be entitled to receive Seventy Five Thousand U.S. Dollars ($75,000.00) per month due on or before the 1st of each month. If payment is made in stock Consultant shall be entitled to receive Seventy Five Thousand U.S. Dollars ($75,000.00) per month worth of Homeland Integrated Security Systems, Inc. (HISC) common stock based upon the previous ten (10) day average closing bid price due and payable on or before the 1st of each month.

Company has the right to terminate this agreement with ninety (90) days written notice.





That's ugly! At .01 pps, BA will be receiving 7.5 million shares PER MONTH! I guess HISC can just go pick those shares off the share tree growing in their backyard.

Sure, all of these excerpts from the SB-2 were taken out of context, but anyone who has read it knows this post is not misleading. I couldn't dream this stuff up if I tried!