ARLINGTON, Va.–(Business Wire)–
Homeland Security Capital Corporation (OTCBB: HOMS), an international provider
of specialized technology-based radiological, nuclear, environmental, disaster
relief and security solutions to government and commercial customers, announced
today that C. Thomas McMillen, Chairman and CEO, has been selected for Induction
into the University of Maryland Alumni Association Hall of Fame. The Ceremony
will take place on June 5th at the University of Maryland. Since 1995, the
Maryland Alumni Association has inducted distinguished alumni in a ceremony that
occurs once every five years.

Tom McMillen graduated in 1974 with a major in Chemical and Life Sciences. At
the time of his induction, Tom McMillen was the University of Maryland’s only
Rhodes Scholar and held the all-time career scoring average for Maryland Men’s
Basketball. He was a three-time All-American Athlete and played on the 1972 U.S.
Olympic Basketball Team. McMillen played 11 years in the N.B.A., retiring in
1986 when he was elected to the U.S. House of Representatives (4th District,
Maryland) where he served three terms. After Congress, he was a Presidential
appointee and a successful businessman. Throughout his career, McMillen
continued to serve the University and the State, including terms as a Trustee
and Maryland Regent.

Tom McMillen said, “I am honored to be inducted into the University of Maryland
Alumni Association Hall of Fame. I was able to pursue my academic interests as
well as my passion for sports and politics during my years at the University of
Maryland and I owe a great deal of my subsequent career path to an excellent
education at Maryland.”

About Homeland Security Capital Corporation

Homeland Security Capital Corporation is a company engaged in the strategic
acquisition, development, and consolidation of homeland security-related
businesses, within the fragmented homeland security industry. 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.

Homeland Security Capital Corporation operates businesses that provide homeland
security products and services solutions, 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
homeland security opportunities.

Homeland Security Capital Corporation`s portfolio of companies include:

Safety and Ecology Corporation is a rapidly growing environmental services
company in the U.S., providing services nationally, in Europe and the Caribbean.
The Company specializes in the removal and remediation of hazardous nuclear
materials for the U.S. Department of Energy, U.S. Department of Defense, and
other federal agencies. SEC also provides advanced environmental services for
private industry across the country and internationally. Since its founding in
1991, SEC has grown approximately 30 percent per year, and has emerged as a
technology innovator with more than 450 personnel worldwide and with annual
revenues of more than U.S. $70 million. For more information on SEC, 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. Utilizing
cutting-edge technologies, Nexus provides innovative, engineered and scalable
solutions to effectively protect people, property and assets. 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 Homeland
Security Capital Corporation and Polimaster, Inc. For more information about
Polimatrix, visit www.polimatrix.com.

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
Knoxville, TN office
Anne Smith, 865-342-7668
asmith@sec-tn.com

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