Business Services Industry

Homeland Security Technology, Inc. to Enter Contract Negotiations with GSA; HST Renews Recon Mountaineer/Combat Trauma Bag Joint Venture Agreement

Business Wire, May 24, 2005

DEL MAR, Calif. -- Colonel Jeffrey Powers, CEO of Homeland Security Technology, Inc., a division of Amnis, Inc. (Pink Sheets:AMNI), announced today that HST, Inc. has signed a one year extension of its Joint Venture Agreement with Recon Mountaineer LLC.

The extension was signed after completion of meetings with Recon Mountaineer on Friday 21 May, 2005. During these meetings, Homeland Security Technology, Inc. and Recon Mountaineer agreed that the continuation of the relationship is vital for the success of the Combat Trauma Bag program. HST's responsibility under the joint venture agreement includes finance, inventory management and marketing.

Homeland Security Technology, Inc. also announced during the meetings that they will offer the General Services Administration most favored customer status on all products HST currently offers. HST, Inc. has received their digital certificates from Operational Research Consultants and is preparing to enter the next phase of obtaining a GSA Contract number. HST, Inc. anticipates finalizing contract paperwork this week to begin negotiations with GSA on pricing of their products to Federal, State and local government. A GSA contract number significantly expands the ability of HST to offer its product line to the US Government including the military.

"As we finalize negotiations with the General Services Administration (GSA) it is important that our relationship with Recon Mountaineer is continuous and strong," commented Colonel Powers. "With the signing of this extension, both HST and Recon Mountaineer have pledged to each other that we will continue to work in unison bringing much needed equipment to the military on a timely basis."

Under the marketing section of the Joint Venture Agreement, HST is entitled to additional royalty fees for orders derived from the GSA catalog. It is anticipated that after HST products are introduced into the catalog orders will be received from customers including the US Army, Navy, Air Force, in addition to existing US Marine Corps customers.

About Homeland Security Technology, Inc.

Homeland Security Technology Inc. (HST), a division of Amnis, Inc. (Pink Sheets:AMNI), is a technology based company with headquarters in north county San Diego. HST's mission is to develop and commercialize technology focused on providing increased security for both civilian and military personnel throughout the world. Under the leadership of Colonel Jeffrey A. Powers, USMC (Retired), HST has assembled a portfolio of technology and services through alliances with established defense-related companies and through internal development that can be brought to market in a cost-efficient and timely manner. The Company has also entered into an alliance with Recon Mountaineer, LLC, (an Oceanside, CA.-based designer and manufacturer of military combat gear for the United States Armed Forces). The company has also partnered with leading security firms to design and market surveillance systems for homeland defense security applications.

This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. AMNI's common stock currently trades on the over-the-counter "Pink Sheets" under the symbol "AMNI." This press release in no way constitutes any recommendation regarding the securities of AMNI or its affiliates. Any person reading this press release is advised that this release should be considered in light of all facts and circumstances regarding the business and financial condition and prospects of AMNI, and no inference is made in this release contains all such information.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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