Message #1119 From:
NewsBot Date: February 25, 2008 05:09:27 PM
Homeland Integrated Security Systems Selects KORE Telematics to Provide Private Label Wireless Services
Agreement Will Provide Improved Customer Service and Potential for New Revenue Stream
Homeland Integrated Security Systems Inc.
(PINKSHEETS: HISU) announced today that the company has selected KORE
Telematics to provide wireless service for HISS's Machine-to-Machine (M2M)
applications utilizing its revolutionary "Smart Box," the CT-1000.
According to KORE, it manages more all-digital end-point connections than
any other independent service provider. By partnering with KORE, HISS can
offer its own private-label wireless network as part of the Cyber Tracker
service package. KORE's press release can be viewed at
www.koretelematics.com.
"Having the ability to utilize an independent network for the delivery of
data transmission gives us an additional source of reoccurring revenue,"
stated Fred Wicks, CEO and President of Homeland Integrated Security
Systems. "With this contract in place, every unit that is appropriate for
activation on KORE's network will generate a monthly revenue stream."
"We are obviously very pleased with the opportunities this relationship
presents for Homeland Integrated Security Systems," stated Brian Riley,
Chairman and COO of Homeland Integrated Security Systems. "This
relationship will allow us to activate CT technology on all the major
networks in the United States."
Homeland Integrated Security Systems owns proprietary technology in
conjunction with its Cyber Tracker product line. Cyber Tracker technology
has applications for data and tracking functions across a variety of
industries, utilizing CDMA, IDEN, and GSM technologies. In addition, the
use of satellite technology in conjunction with the Cyber Tracker is under
development. For more information please visit our website
www.hissusa.com.
Safe Harbor: This letter contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty, including without limitation, the ability of the Company to
successfully implement its turnaround strategy, changes in costs of raw
materials, labor, and employee benefits, as well as general market
conditions, competition and pricing. Although the Company believes that
assumptions underlying forward-looking statements contained herein are
reasonable, any of the assumptions could be inaccurate, and therefore,
there can be no assurance that the forward-looking statements included in
this letter will prove to be accurate. In light of the significant
uncertainties inherent in the forward-looking statements included herein,
the inclusion of such information should not be regarded as representation
by the Company or any other person that the objectives and plans of the
Company will be achieved. In assessing forward-looking statements included
herein, readers are urged to carefully read those statements. When used in
the Annual Report on Form 10-K, the words "estimate," "anticipate,"
"expect," "believe," and similar expressions are intended to be
forward-looking statements.
