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Homeland Security Capital Corporation Awarded More Than $650,000 in Bank Branch Work

Homeland Security Capital Corporation “HSCC” (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its subsidiary, Nexus Technologies Group (“Nexus”), a mid-Atlantic security integrator for the corporate and governmental security markets, has received in excess of $650,000 in purchase orders. Nexus is performing security installations for bank branches under construction and renovating security systems at existing branches for a large east coast bank.

Nexus has entered into a Master Purchase Agreement providing a framework of significant expansion for Nexus’ business relationship with the bank. New bank branch security installations have historically been a strong driver of revenue growth for Nexus. This new agreement is in addition to the ongoing service and maintenance work that Nexus provides to the bank’s existing branch network on a daily basis.

“We are pleased that our existing customer relationships continue to provide new opportunities for Nexus. A key component of our business plan is maintaining and expanding these relationships,” said Nexus President, Robert Biscardi.

Included with this set of purchase orders, are multiple branch security upgrades for existing branches of the bank. This work further re-affirms the relationship with Nexus as it indicates that the bank is adopting a uniform security platform that Nexus has helped the bank to standardize. Existing branch renovations present additional opportunities to expand Nexus’ offering to the bank, as well as its mid-Atlantic region service coverage area.

Michael T. Brigante, Nexus’ Chief Executive Officer commented, “Our customer outreach effort has provided many interesting opportunities for Nexus. Using advanced technologies and processes; we are expanding our geographic footprint as well as booking projects in new segments of security design and installation.” Brigante continued, “as a result of the efforts by our entire team our FY 2010 backlog remains very strong.”

Completion of this branch security work is expected by second quarter of fiscal 2010.

About Nexus Technologies Group

Nexus Technologies Group, a mid-Atlantic security integrator for the corporate and governmental security markets that specializes in non-proprietary integrated security solutions including access control, alarm, video, communication, perimeter protection and bomb and metal detection security systems. Utilizing cutting-edge technologies, Nexus provides innovative, engineered and scalable solutions to effectively protect people, property and assets. For more information about Nexus, visit www.nexusna.com.

About Homeland Security Capital Corporation

Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital Corporation operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities.

Homeland Security Capital Corporation’s portfolio of companies, in addition to Nexus Technologies Group, includes:

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.

Polimatrix, Inc., a system integrator and total solutions provider delivering advanced radiation and nuclear protection and detection services. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information about Polimatrix, visit www.polimatrix.com.

For more information about Homeland Security Capital Corporation, visit www.hscapcorp.com.

Forward-Looking Statement

This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.

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