The Company consolidates the results of the discontinued operations of subsidiaries Safety & Ecology Holdings Corporation, Nexus Technologies Group, Inc. and Polimatrix, Inc., Fiducia Real Estate Solutions, Inc., along with the continuing operations of Homeland Security Capital Corporation, the holding company. The Company measures its operating performance against plan taking into consideration EBITDA adjustments and one time charges.Conference Call The Company will host an earnings conference call at 9:00 a.m. EDT on Friday, October 7, 2011. During the call, C. Thomas McMillen, Chairman and Chief Executive Officer, Chris P. Leichtweis, President and Michael T. Brigante, Chief Financial Officer, will discuss the Company's performance and financial results. The telephone number for the conference call is 877-407-0778 (Toll Free US); and 201-689-8565 (International). A live webcast of the call will also be available on the Company's website, www.hscapcorp.com. The webcast will be archived on the site, and investors will be able to access an encore recording of the conference call for one week by calling 1-877-660-6853. About Homeland Security Capital Corporation Homeland Security Capital Corporation (HOMS) is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses and real estate services businesses. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. Former Maryland Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland, heads the company. HOMS operates businesses that provide homeland security products and services solutions and real estate services, 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 opportunities. HOMS’s portfolio of companies include: Safety and Ecology Corporation is a rapidly growing environmental services company specializing in the removal and remediation of hazardous nuclear materials, and advanced environmental services for federal and commercial clients. For more information, visit www.sec-tn.com. 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. 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 HOMS and Polimaster, Inc. Fiducia Real Estate Services, Inc., a provider of comprehensive title and escrow services for mortgage origination refinance, reverse mortgage, real estate owned, deed-in-lieu transactions, and real estate-owned liquidation services to institutional REO customers. These services are provided by wholly owned subsidiaries Timios, Inc. and Default Services USA, Inc. 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 HOMS 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.
Homeland Security Capital Corporation (OTCBB: HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief, electronic security solutions and real estate services to government and commercial customers, today reported financial results for its year ended June 30, 2011. Including the effect of discontinued operations, revenue for the quarter was $27.2 million compared to $26.8 million for the same period last year. Net loss for the quarter, before giving effect to preferred stock dividends, was $5.2 million or $0.10 per share compared to a net income of $0.3 million or $0.01 per share for the same period last year. Net loss attributable to common stockholders, after excluding preferred stock dividends, was $5.6 million or $0.09 per share compared to a net loss of $0.1 million or $0.00 per share for the same period last year. EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter was a negative $4.9 million compared to $1.4 million for the previous year’s quarter. Including the effect of discontinued operations, revenue for the year was $105.1 million compared to $97.9 million for last year. Net loss for the year before giving effect to preferred stock dividends, was $4.4 million or $0.08 per share compared to a net income of $1.9 million or $0.04 per share for last year. Net loss attributable to common stockholders, after excluding preferred stock dividends, for the year was $6.0 million or $0.10 per share compared to a net income of $0.3 million or $0.01 per share last year. EBITDA for the year was a negative $2.9 million compared to a negative $6.7 million for the previous year. At June 30, 2011 there were 54,194,268 common shares outstanding. C. Thomas McMillen, HOMS Chairman and CEO, stated, “We clearly had a disappointing fourth quarter. As many who follow our company know, we have been actively marketing our homeland security subsidiaries to prospective buyers and the increased expenses from these sale activities as well as unanticipated costs on several projects have had a negative effect on our results.” McMillen continued, “We look forward to more positive results in the future, including growing our recent acquisitions in the real estate services industry.”