SEC Ranked #74 Worldwide and #22 in Tennessee as Top Contractor of 2008 by South Central Construction Magazine
Arlington, VA, April 17, 2008 Homeland Security Capital Corporation (OTCBB: HOMS), focused on acquiring, developing and consolidating homeland security-related businesses announced today that its newly-acquired subsidiary, Safety and Ecology Corporation (SEC), was ranked in the Top Contractors of 2008 by the South Central Construction Magazine, April 2008. The magazine’s top contractors list consists of general contractors with a permanent office in Alabama, Arkansas, Louisiana, Mississippi or Tennessee, and were ranked by their 2007 regional revenue. Break out rankings arrange contractors by state and type of construction.
According to the magazine’s rankings for total construction revenue, SEC ranked 74th worldwide and 22nd in Tennessee.
Chris Leichtweis, CEO of SEC and President of Homeland Security Capital Corporation, said, “This recognition is a reflection of our ability to be ranked among the best in our geographic area based upon past performance, execution, and market positioning. With the distribution of our offices, and our proven track record for safety and efficiency, we’ve been able to establish ourselves as one of the best in the industry.”
About Safety and Ecology Corporation (SEC)
SEC is considered one of the fastest-growing environmental services companies in the US, providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the US Department of Energy, US Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 420 personnel worldwide and with annual revenues of more than US $50 million. For more information on SEC, visit www.sec-tn.com.
About Homeland Security Capital Corporation
Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development and consolidation of homeland security-related businesses, within 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 Corporation operates 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. Homeland Security Capital Corporation’s portfolio of companies includes 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 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 www.nexusna.com.
For more information about Homeland Security Capital Corporation, visit www.hscapcorp.com.
Forward-looking statement: This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
Contact:
Marianne Ricci
Homeland Security Capital Corp.
Phone: 703-528-7073 X100
Email IR@hscapcorp.com
Anne Smith
SEC Public Relations
Phone: 865-342-7668
Email asmith@sec-tn.com
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