SEC SECURES FOOTPRINT IN FUTURE

KNOXVILLE, TN   Safety and Ecology Holdings Corporation (SEC) announced today that it has been acquired by Homeland Security Capital Corporation (HSCC), a hybrid strategic investor. HSCC (OTC Bulletin Board: HOMS), a company engaged in the acquisition, development and consolidation of homeland security-related businesses, announced Wednesday, March 19, 2008, that it acquired Knoxville-based SEC as part of HSCC’s strategy to capitalize on significant opportunities within the nuclear, construction, environmental infrastructure and homeland security industry.

This acquisition will allow HSCC and SEC to capitalize on significant opportunities within the global homeland security industry, including the chemical, biological, radiological and nuclear sectors, among others.

SEC will continue to remain a senior player in the small business category under NAICS code 562910, having fewer than 500 employees. The acquisition will not impact the operation of SEC, but will broaden and secure opportunities through its specialized technologies and worldwide reach. SEC will continue to provide the same services and meet all of its obligations under any and all agreements.

As part of this transaction, Christopher Leichtweis, founder and CEO of SEC, has been appointed President of HSCC and will join the HSCC board of directors. The SEC management team will continue to operate substantially in the same manner since Leichtweis will continue serving as CEO of SEC.

Leichtweis, said, “We see this acquisition as an extremely positive move for our clients offering new technology and capability in our world wide network. The synergies between our organizations are significant, allowing client access to true innovative solutions within our industry.”

“With SEC as a platform company, this transformational acquisition establishes HSCC in the nuclear, construction and environmental services space,” said C. Thomas McMillen, Homeland Security Capital Chairman and CEO. “Additionally, the combination of SEC’s deep industry knowledge and experience coupled with our current subsidiary Polimatrix’s proprietary nuclear detection technology should create significant opportunities for growth and expansion.”

Leichtweis said, “We look forward to working with Tom and his team to build the company’s shareholder value. This acquisition positions SEC for numerous federal and private sector opportunities and continued Homeland Security growth in an expanded market environment that will include increased participation in the first response (CBRN), defense and security market place. SEC’s 17 years of experience within the United States and Europe merged with HSCC’s contacts and resources will lead to tremendous shared growth.”

SEC is a provider of global environmental, hazardous and radiological infrastructure remediation, and advanced construction services to the United States federal government, the United Kingdom government and leading commercial corporations in the Engineering & Construction industry. The Company is positioned to continue its rapid growth due to the renewed spending trends in the Department of Defense and Department of Energy, focusing on infrastructure and facility revitalization, environmental remediation, decontamination and decommissioning, security needs in nuclear non-proliferation and emergency response and commercial reinvestment into nuclear energy infrastructure.

About Safety & Ecology Holdings Corporation (SEC)
Founded in 1991, SEC is an international services and technology company with 18 offices extending across the world. SEC operates nuclear licensed facilities in Knoxville, TN; Richland, WA; and maintains a mobile nuclear decommissioning license across the US. We have a comprehensive portfolio of 12 nuclear and environmental proprietary technologies that we own and deploy across the government and commercial sites. SEC is recognized as one of the fastest-growing environmental services companies in the US. SEC’s vision is to enable its clients to effectively remediate, restore and revitalize contaminated properties; and to assist its clients in maintaining compliance with regulatory and safety stewardship obligations to employees, investors, and the general public. SunTrust Robinson Humphrey served as advisor to Safety & Ecology Holdings Corporation on this transaction. For more information on SEC, visit www.sec-tn.com.

About Homeland Security Capital Corporation
Homeland Security Capital is a consolidator in the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital intends to operate businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows. Among Homeland Security Capital’s portfolio of companies is Polimatrix, Inc., a leading system integrator and total solutions provider delivering advanced radiation and nuclear protection and detection services. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information about Polimatrix, visit http://www.polimatrix.com. Also included is Nexus, a mid-Atlantic security integrator for the corporate and governmental security markets that specializes in non-proprietary integrated security solutions including access control, alarm, video, communication, perimeter protection and bomb and metal detection security systems. Nexus provides integrated security solutions for the corporate and government security markets. For more information about Nexus, visit http://www.nexusna.com. For more information about Homeland Security Capital, visit http://www.hscapcorp.com.