Homeland Integrated Security Systems Signs Distribution Agreement With HACO Payment Systems to Target Credit Card Processing Industry
Posted on: Monday, 26 June 2006, 09:00 CDT
Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce that the Company has signed a distribution agreement with HACO Payment Systems. HACO will be an authorized dealer of the Cyber Tracker, which will target the credit card payment processing industry. HACO is a registered merchant services provider of Visa(R) and MasterCard(R) for NOVA Information Systems, Inc. and US Bank.
HACO Payment Systems (www.hacopaymentsystems.com) has helped identify an additional market for the Cyber Tracker by utilizing the Internet Protocol features of the Cyber Tracker's Ethernet port. By simply connecting the Cyber Tracker using a crossover cable to a VeriFone Omni 3750IP credit card terminal, a merchant can process credit card transactions using wireless communications technology. In this setup, the Cyber Tracker acts as a communications gateway and the terminal's communications software connects to the processor's host computer in the same manner as if it were connected to DSL. This setup competes with existing products in the market place that have wireless data communications built into the terminal, however none of these wireless terminals offer GPS tracking. The other benefits are that the Omni 3750IP has a telephone line backup. This allows a merchant to use the terminal in a traditional retail environment and also in a mobile or trade show environment where telephone lines are not available.
The merchants that would benefit from the Cyber Tracker and Omni 3750IP package are: antique and art dealers that have retail stores and attend shows, building material that deliver to the job site, mechanic tool vendors, landscaping services, plumbing, heating and cooling contractors and any merchant that offers card services at a customer's site. The additional benefit of the Cyber Tracker to larger companies with fleets of vehicles is the ability for the dispatcher to track where their vehicles are in addition to the driver's ability to accept credit cards as a form of payment at the time of delivery.
"This is one of many machine to machine applications that are available to be used with the Cyber Tracker. Homeland Integrated Security Systems and HACO successfully completed an initial test of the Cyber Tracker and the Omni 3750IP with an auction house merchant who needed wireless processing for an off site auction in Belle Mead Tennessee the weekend of May 20th," stated Ian Riley, Chief Technical Officer of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems, Inc. recently announced during their teleconference that the Homeland Integrated Security Systems, Inc. shareholder dividend of EVSI shares, which was to be issued to shareholders of record as of June 29th, 2006, was extended to a record date of July 27, 2006. All Homeland Integrated Security shareholders of record as of July 27, 2006 will receive 1 share of Evans System Inc. for every 50 shares of HISC they own as of the record date. The dividend in Evans System is expected to be valued at $.50 per share.
The teleconference replay will be available for 30 days. Shareholders are encouraged to dial 1-877-213-9653, passcode 14658475.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. One of the key target markets is the 361 commercial seaports in the US which are vulnerable to criminal penetration. For more information go to http://www.hissusa.com.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact: Homeland Integrated Security Systems, Inc. Investor Relations www.hissusa.com 1-866 THE APPL(E)
SOURCE: Homeland Integrated Security Systems, Inc.
Source: MARKET WIRE
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