[April 05, 2005] Homeland Security Network, Inc. delivers first major shipment of iTrax GPS Tracking Units Tweet FRISCO, Texas --(Business Wire)-- April 5, 2005 -- Nears Completion of Strategic Partnership Agreement with Major International Electronics Manufacturing Company Homeland Security Network, Inc. ("HSNi") (OTC: HSYN) has announced the consumer products division's first major shipment of iTrax GPS tracking devices. HSNi's east coast distributor, Mobile Remedies International, has commitments from auto dealers in the New York metropolitan area for this initial shipment. MRI has placed an immediate second order due to rapid sales and has purchased the next 3 months production of iTrax tracking/auto start model. "We knew we had a product in our tracking/auto start model for which there could be substantial demand, but the short time it took for one distributor to sell the entire order surprised even us," said Charles Norman, President and CEO of HSNi. "Also, MRI's commitment for an even larger second order has caused the company to immediately consider raising the annual sales projections for our consumer products division," further states Norman. In other news, HSNi and its international electronics manufacturing source have agreed on all major business considerations and plan to complete their agreement later this month in New York. The electronics company will help co-develop and manufacture additional iTrax products exclusively for HSNi. "We believe that this strategic partnership will be an excellent business combination that will give our company an enormous advantage in the rapidly expanding GPS tracking industry," states Norman. "Their production capabilities could give us the facilities to become one of the largest producers of this type GPS tracking devices in the world," Norman concludes. For more information about HSNi, please view www.HSNI.us. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "promise," "seeking to," "negotiating to" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. [ Back To TMCnet.com's Homepage ]