Homeland Security Corporation Announces Share Repurchase Campaign
May 24 2010 - 8:00AM
Marketwired
Homeland Security Corporation (PINKSHEETS: HSCC) announced today
that its Board of Directors has authorized the repurchase of the
Company's Common Stock. The program was initiated in the fall of
2009 and continues in 2010. Open market repurchases will continue
based on optimum market conditions.
David Shade, Chairman and CEO of HSCC, stated, "The outlook for
strong financial performance of our business, combined with
increasing cash flows, enables us to take this action. We will
continually evaluate all alternatives to increase shareholder
value, including dividends and investments to grow our business. We
find no better investment than our own company." The goals of the
share repurchase program are simple:
1. Reduce the free Shares;
2. Minimize or eliminate market inconsistencies concerning HSCC
share price;
3. Increase Shareholder value
Homeland Security Corporations Commitment to Shareholders:
To create long term shareholder value through superior financial
performance driven by the delivery of a diversified range of
innovative customer focused products, services, and, supported by
an operating culture based on the highest levels of teamwork,
efficiency and integrity. The value behind Homeland Security
Corporation's name lies in its tireless effort to challenge the
ongoing threats facing the great Nation today. Homeland Security
Corporation does not believe in coddling terrorists, nor will it
tolerate "naked" shorting of its stock.
About Homeland Security Corporation
Homeland Security Corporation is a leading innovator and
implementer of security driven technologies that can be deployed in
any environment to meet a client's security needs. Our primary
mission is to protect people, property, infrastructure and our
client's high value assets, by mitigating threats. For more
information visit the Company's website at:
www.homelandsecuritycorporation.com.
Included in this release are certain "Forward-Looking"
statements, involving risks and uncertainties, which are covered by
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including statements regarding Homeland's
performance. Such statements are based on management's current
expectations and are subject to certain factors, risks and
uncertainties that may cause actual results, events and performance
to differ materially from those anticipated.
Contact: Homeland Security Corporation David L. Shade President
949-250-1592 Email: Email Contact
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