Welcome!

Cloud Security Authors: Zakia Bouachraoui, Pat Romanski, Elizabeth White, Yeshim Deniz, Liz McMillan

Related Topics: Cloud Security

News Feed Item

Homeland Integrated Security Systems, Inc. Updates Shareholders on Its Progress on Delivery of July Purchase Orders for 5,000 Cyber Trackers and 200 Quantum Sniffers for a Total of $7,899,950

Homeland Integrated Security Systems, Inc. Updates Shareholders on Its Progress on Delivery of July Purchase Orders for 5,000 Cy

ASHEVILLE, NC -- (MARKET WIRE) -- 11/22/05 -- Homeland Integrated Security Systems, Inc. (OTC: HISC) announced today several steps that it has taken to guarantee delivery on its July 2005 purchase orders for 5,000 Cyber Trackers and 200 Quantum Sniffers for a total of $7,899,950.

As previously announced, on July 9, 2005, Homeland Integrated Security Systems Inc. received a purchase order from Pro.Sec SARL, a Lebanese security company headed by General Pierre H. Georgiou, for 5,000 Cyber Trackers in the amount of $2,499,950, and for 200 Quantum Sniffers in the amount of $5,400,000 for delivery on or before July 9, 2006. As announced on October 5, 2005, Homeland Integrated Security received a payment from Pro.Sec in the amount of $26,970.20 as a deposit for the purchase of one demonstration unit of a Quantum Sniffer.

Since the date of the purchase orders, Homeland Integrated Security Systems, Inc. has taken the following steps in its effort to deliver the purchase orders on schedule:

-On July 12, 2005, Homeland Integrated Security Systems retained the firm of Capital Resource Funding, Inc., www.capitalresourcefunding.biz, a specialist in commercial finance, to assist with obtaining purchase order and receivables financing in order to enable Homeland to contract the manufacturing and delivery of the Cyber Trackers and Quantum Sniffers for resale with respect to all of its outstanding purchase orders.

-On August 7, 2005, HISC filed an application for an export license with the U.S. Department of Commerce. Upon receipt of the export license, Homeland Integrated Security Systems will be able to begin shipments of Cyber Trackers and Quantum Sniffers to the Middle East.

-Representatives of Homeland Integrated Security Systems have been to the Middle East several times to perform demonstrations of their products on behalf of General Georgiou in order to help him sell units of Cyber Trackers and Quantum Sniffers to potential buyers in Middle East. Pro.Sec, which is operated by General Georgiou, has a Letter of Understanding with HISC to act as its exclusive sales and distribution agent for all HISC products in the Middle East.

-HISC representatives have made several trips to the Middle East including the following dates: August 8-13th , September 25-30th and November 5-21st.

-In the Middle East, representatives of HISS engaged in the following activities:

--  Attended the MADE IN AMERICA show
--  Presented its products to the United Nations
--  Presented it products to the United Nations' mission to Iraq
--  Presented its products to Ford distributors
--  Met with numerous state and government officials
--  Met with numerous private sector groups (banks, hotels and commercial
    groups)
    

"Based upon our actions to date, we believe Homeland will have no problem meeting its delivery deadline of July 9, 2006," stated Frank Moody, Homeland Integrated Security Systems Inc. CEO.

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 security products. Among the key target markets are the 361 commercial seaports in the U.S. which are vulnerable to criminal penetration. The company is now accepting pre-orders for the Cyber Tracker at www.hissusa.com.

For more information please visit our Web site www.hissusa.com or contact Matt Maguire 1-866 THE APPL(E).

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 that 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.

Contact:
Matt McGuire
1-866 THE APPL(E)

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...