This Day On The Street
Continue to site
ADVERTISEMENT
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 Wins Protest

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 that its subsidiary, Safety and Ecology Corporation (SEC), has received notification from the United States Small Business Administration’s Office of Hearing and Appeals (OHA), that SEC is not in violation of the small business size qualification and ruled in SEC’s favor on the size determination protest. As stated in the OHA official announcement issued on January 12, 2011, “OHA publishes a redacted version of the decision for public release,” and the conclusion states that the company SEC “is a small business.”

As previously announced in a HOMS press release dated August 16, 2010, SEC proactively defended a protest made by the unsuccessful bidders, as they were disputing SEC’s business size under the rules of the Small Business Administration (SBA).

“We are extremely pleased with the ruling, as it has been difficult for all companies involved. Communications, business development and strategic planning becomes complicated during litigation, therefore we are continuing to move forward, and are eager to put this behind us,” said C. Thomas McMillen, Chairman and CEO of HOMS.

Due to this determination, DOE was able to move forward with two procurements that were upheld pending the SBA ruling. As such, DOE officially awarded SEC two contracts, both of which were published on the federal business opportunities (FBO.gov) website on December 22, 2010.

SEC was awarded the DOE Office of Environmental Management West Valley Demonstration Project (WVDP) environmental characterization and support services contract. Under this Indefinite Delivery/Indefinite Quantity (IDIQ) single award contract with an estimated contract ceiling of $25M, SEC will perform environmental characterization support services including, but not limited to soil, sediment and groundwater characterization, environmental monitoring, and associated regulatory documentation supporting decommissioning activities at WVDP. This five year project is located within the Western New York Nuclear Service Center owned by the New York State Energy and Development Authority.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs