This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Homeland Security Capital Corporation’s Subsidiary Safety And Ecology Corporation Announces That First ARRA-Funded Demolition Begins At Y-12 National Security Complex In Oak Ridge, TN

Homeland Security Capital Corporation (OTCBB: HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) has begun work at the Y-12 National Security Complex in Oak Ridge, TN., a demolition project award that was previously announced in December 2009, and is funded by the American Recovery and Reinvestment Act (ARRA).

“We’re pleased to start the Y-12 site project which will not only provide employment to workers in Tennessee but also is a good example of how stimulus funds are putting Americans back to work and helping our infrastructure,” said C. Thomas McMillen, Chairman and CEO of Homeland Security Capital Corporation.

As stated in a DOE issued press release:The Y-12 National Security Complex began its first demolition project funded by the American Recovery and Reinvestment Act (ARRA) on February 8, 2010. Building 9735 is the first of the ARRA deactivation and demolition projects at Y-12 to be torn down. Built in 1946 as an engineering laboratory, Building 9735 ceased operations in the mid-1990s. The demolition of Building 9735 is expected to take two to three days.

To complete this work, B&W Y-12 awarded a contract to SEC. The demolition of this 15,043-square-foot facility also completes the razing of an entire row of engineering buildings. The other six buildings on Engineering Row were demolished in 2008. Like other aging buildings on the Y-12 site, the deterioration of Building 9735 has been accelerating and making work in and around it more hazardous.

After the Building 9735 project is complete, the site will be converted into a 21-space parking lot for personnel on the east end of Y-12.

“By removing the contaminated footprint of buildings with radiological and hazardous material, and thus reducing risk to people and the environment, SEC is supporting Y-12’s goal toward eliminating buildings on the disposition list,” said Christopher Leichtweis, President of HOMS and CEO of SEC. “Performing this remediation allows Y-12 not only to reduce risks to workers and the environment but also to accelerate the site’s transformation plans.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HOMS $0.34 -2.86%
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs