Homeland Security Corporation Announces 75% Reduction of Authorized Shares
April 08 2011 - 6:00AM
Marketwired
Homeland Security Corporation (PINKSHEETS: HSCC), a leading
innovator of surveillance driven technologies, announces that on
March 31, 2011, the Company, pursuant to a Board Meeting, filed a
corporate resolution with the State of Nevada in order to reduce
its authorized share amount by 750 million, from one billion
(1,000,000,000) to two hundred fifty million (250,000,000). The
total reduction is complete and has become effective. This action
along with the NOBO/OBO Shareholder Report (11/05/10) is in keeping
with management's pledge to increase transparency and build long
term value for the company's shareholders.
David L. Shade, Chairman and CEO, Homeland Security Corporation,
said, "The company believes that the overall value of Homeland
Security Corporation has a tremendous upside and we will strive to
reflect that value in HSCC's stock price. This significantly
reduced number of authorized shares is more closely reflective of
our shares outstanding and float, putting HSCC in a more favorable
position to attract new investors." For a detailed description of
the NOBO/OBO shareholder composition,
http://www.homelandsecuritycorporation.com/investor.php?investors_id=18
Homeland Security Corporation, based in Newport Beach, CA, is an
emerging leader in bringing technology and engineering together to
create innovative solutions for customers through surveillance
technologies, process management, and industrial automation. For
the latest HSCC updates Twitter @homelandseccorp
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
949-250-1592 Email Contact
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