Homeland Security Capital Corporation Announces $20 Million Contract Extension Award in Service Subcontract for Department of Energy

Business Wire, April 11, 2008

Company's Newly-Acquired Safety and Ecology Corporation (SEC) Subsidiary to Continue Radiation Control Services for Major US Government Contractor

ARLINGTON, Va. -- Homeland Security Capital Corporation (OTCBB:HOMS), a consolidator of companies in the fast-growing homeland security industry, announced that its newly- acquired Safety and Ecology Corporation (SEC) subsidiary has been awarded a $20 million one-year subcontract modification to provide environmental engineer, nuclear safety and health services on a secured location for a major U.S. Department of Energy contractor.

This contract is consistent with Homeland Security Capital Corporation's mission to generate high-growth revenues in the multi-billion dollar homeland and global security and defense industries. Homeland Security Capital Corporation acquired SEC as a key component of the Company's strategy to acquire a platform company which will enhance the synergies among existing companies, including the area of radiation and nuclear protection and remediation.

"This latest contract modification for SEC, which continues a long relationship with one of the nation's largest government contractors, is the clearest possible demonstration of trust in the quality of SEC's work, and the extent to which it is respected by industry partners," said C. Thomas McMillen, Chairman and Chief Executive Officer of Homeland Security Capital Corporation. "It is validation of our overall strategy to build a high-growth homeland security company on a platform of proven performers such as SEC."

Recognized as one of the fastest-growing environmental services companies in the US, SEC generated more than $50 million in revenue during 2007.

About Homeland Security Capital Corporation

Homeland Security Capital Corporation delivers products and services in the fast-growing $230 billion homeland defense and security industry through its portfolio of companies. Homeland Security Capital Corporation serves private clients as well as the US and international governmental agencies, and is committed to continued growth both organically and through acquisition and consolidation of proven revenue-generating companies in the fragmented homeland security industry.

Led by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland, the Company is focused on creating long-term value by taking a controlling interest and developing its subsidiary companies through superior and efficient operations and management. The Company's subsidiaries include Safety and Ecology Corporation, Polimatrix and Nexus. For more information about Homeland Security Capital Corporation and its subsidiaries, please visit http://www.hscapcorp.com.

Forward Looking Statements

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 Homeland Security Capital Corp. 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.