SEC, AWARDED MULTIPLE CONTRACTS TOTALING $1 MILLION

ARLINGTON, VA – July 14, 2008 – Homeland Security Capital Corporation (OTCBB: HOMS) subsidiary   Safety and Ecology Corporation, an international, environmental construction and disaster recovery services company, has been awarded nearly $1 million in contracts in support of the US Department of Energy’s (the “DOE”) mission for the modernization of the Oak Ridge Reservation.

Safety and Ecology Corporation has been awarded eight contracts within the last twelve months, from the DOE’s prime contractor, UT-Battelle. UT-Battelle is the management contractor for DOE’s Oak Ridge National Laboratory (the “ORNL”). The company’s scope on these projects includes infrastructure reduction, demolition, facility closure, and infrastructure upgrades for projects at the ORNL.

“Homeland Security Capital Corporation and Safety and Ecology Corporation eagerly anticipate completing these projects safely and on time with UTB for U.S. Department of Energy,” said former Maryland Congressman C. Thomas McMillen, Homeland Security Capital Corporation’s chairman and CEO. “The awarding of these government contracts demonstrates the high level of continued confidence in our environmental services solutions.”

On July 9, the company was awarded a contract worth more than $300K at the ORNL to complete demolition of facilities in support of the modernization programs.

Safety and Ecology Corporation Chairman and CEO Christopher P. Leichtweis added, “UTB remains a central focus of our core competencies. We look forward to a continued long term relationship supporting their mission on behalf of the US Department of Energy.”

About UT Battelle A not-for-profit company, known as UT-Battelle, has been established for the sole purpose of managing and operating the Oak Ridge National Laboratory for the U.S. Department of Energy. Formed as a 50-50 limited liability partnership between the University of Tennessee and Battelle, UT-Battelle is the legal entity responsible for leading ORNL as the Laboratory enters the 21st Century. UT-Battelle's plan for ORNL is guided by the commitment to achieving Simultaneous Excellence in the areas of Science and Technology, Laboratory Operations, and Community Service.

About Safety and Ecology Corporation
Safety and Ecology Corporation is a rapidly growing environmental services companies in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. 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 U.S. $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, in addition to Nexus Technologies Group, include:

Nexus Technologies Group, 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. Utilizing cutting-edge technologies, Nexus provides innovative, engineered and scalable solutions to effectively protect people, property and assets. For more information about Nexus, visit www.nexusna.com.

Polimatrix, Inc., a 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.

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 Corporation 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:

Homeland Security Capital Corporation, Arlington, VA
Marianne Ricci
703-528-7073 Ext. 100
IR@hscapcorp.com
or
SEC Public Relations
Anne Smith, 865-342-7668
asmith@sec-tn.com
or
The Investor Relations Group
212-825-3210
Investor Relations:
Conrad F. Mir
conrad@investorrelationsgroup.com
Christine A. Berni
christine@investorrelationsgroup.com
Public Relations:
Susan Morgenbesser
smorgenbesser@investorrelationsgroup.com