Homeland Integrated Security Systems to acquire Global Tracking Technologies

ARDEN, N.C., 23 March 2008.Homeland Integrated Security Systems Inc. has signed a Letter of Intent to acquire Global Tracking Technologies, LLC of Tampa, Fla., for stock and other considerations. The parties have agreed that initial due diligence will be completed by April 12, 2008, with a formal agreement expected to be signed within two weeks of the completion of the initial due diligence.

GTT, headquartered in Tampa, is a rapid growth wireless GPS location-based services (LBS) company. GTT provides proprietary LBS designs which include integrated software and hardware solutions for customers in the selected markets of cargo/container tracking, asset, and vehicle tracking and personal security.

"GTT is currently close to securing contracts on a number of large opportunities," states Floyd Raynard, CEO of Global Tracking Technologies. "By bringing HISS products into these negotiations we have the potential of adding considerable value to the new organization."