Board of Directors Approves Capital Restructuring to Better Reflect the Company's Overall Business Strategy
BOCA RATON, Fla., Dec. 1 /PRNewswire-FirstCall/ -- Homeland Integrated
Security Systems, Inc. (OTCPK: HISU stock) is pleased to announce that as of today,
December 1, 2008, the Company has changed its name to DirectView Technology
Group, Inc. (OTCPK: DVWG) The Company will commence trading today under the
new symbol DVWG stock. The Company has also changed its CUSIP number to 254576-101.
The Company's Board of Directors approved a reverse split of 10,000 shares
of common stock into one share of the new common stock. The Company has
undertaken a capital restructuring due to key events DirectView Technology
Group has undertaken recently such as the acquisition of 100 percent of the
assets of DirectView Video Technologies, Inc., and the recent acquisition of
Homeland Integrated Security Systems. Homeland Integrated Security Systems
will continue to operate as a wholly owned subsidiary of DirectView Technology
Group, Inc. The Company's new direction better positions DirectView Technology
Group for investments and to open new revenue streams as it expands its
business model to include a variety of industries. Homeland Integrated
Security Systems will remain a wholly-owned subsidiary of DirectView
Technology Group Inc.
DirectView Technology Group is poised for growth with a product line that
includes superior videoconferencing technology solutions and services and
state of the art vehicle and asset recovery and tracking devices and services.
A sampling of DirectView's customers include the Trump Organization, Burger
King, Coca-Cola, BellSouth, AT&T, Travelocity.com, Del Monte, The Central
Intelligence Agency and the New York City Police Department.
'We are very confident that this restructuring will help us enhance our
financial standing and put us into a position where we can grow our portfolio
and compete in several worldwide vertical markets. The coming year will be a
period of vast growth for DirectView where we will add to our diversified
portfolio of products that will benefit a variety of clients,' stated Roger
Ralston, CEO of Homeland Integrated Security Systems.
About DirectView Technology Group, Inc.:
DirectView Technology Group, Inc. is a diversified holding company for a
conglomerate of video communication and technology companies that currently
include two wholly-owned subsidiaries DirectView Video Technologies, Inc. and
Homeland Integrated Security Systems, Inc. DirectView Video Technologies, Inc.
is a full service provider of video, audio, multipoint videoconferencing, data
and IP videoconferencing services to businesses and organizations worldwide.
Homeland Integrated Security Systems is a technology based that provides
solutions for vehicle and asset recovery and tracking. The Cyber Tracker
technology product line has applications for data and tracking functions
across a variety of industries, utilizing CDMA, IDEN, and GSM technologies.
Statements contained in this news release, other than those identifying
historical facts, constitute 'forward-looking statements' within the meaning
of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor
provisions as contained in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings, technology
efficacy, strategies and plans, are subject to safe harbors protection. Actual
Company results and performance may be materially different from any future
results, performance, strategies, plans, or achievements that may be expressed
or implied by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
Contact: DirectView Technology Group, Inc. www.HISSUSA.com or Call Investor Relations + 1-866-THE-APPL(E)
