2008-09-18 03:22:06 -

www.hscapcorp.com - Homeland Security Capital Corporation ("HSCC") (OTCBB: HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief, and security solutions to government and commercial customers, has appointed former Tennessee Valley Authority (TVA) Chairman Craven Crowell to a new HSCC Advisory Board.

Crowell brings more than seventeen years of experience with TVA, having served as chairman for eight years under the Clinton Administration, and as vice president and member of the senior management team. Prior to becoming chairman of the TVA, he was chief of staff to U.S. Senator Jim Sasser, who was chairman of the Senate Budget Committee and later served as ambassador to the People's Republic of China.

HSCC President and Security and Ecology

Corp CEO Christopher Leichtweis commented, "The knowledge Craven brings to us from his background with TVA planning, security needs and nuclear decommissioning is invaluable. He will be an important asset in the continued development and progress of our business within the US federal government."

"Craven's joining our Board will be instrumental to the future of our new business acquisition process," said former Maryland Congressman and HSCC Chairman and CEO C. Thomas McMillen.

About The Tennessee Valley Authority (TVA)

TVA is the nation's largest public power provider and is completely self- financing. TVA provides power to large industries and 159 power distributors that serve approximately 8.8 million consumers in seven southeastern states. TVA also manages the Tennessee River and its tributaries to provide multiple benefits, including flood damage reduction, navigation, water quality, and recreation.

About Craven Crowell

Craven Crowell served for eight years as chairman of the Tennessee Valley Authority ("TVA"). He was appointed to the TVA Board of Directors by former US President Clinton, who designated him as TVA's 11th chairman following his confirmation by the U.S. Senate in 1993. Crowell retired from TVA in April 2001 after twenty-five years of federal government service.

In 2002, Crowell was appointed international economic advisor to the People's Government of the Hebei Province, China, by Governor Niu Maosheng. He was named honorary president of Hohai University, Nanjing, China, in 1997, becoming the first non-Chinese citizen to receive such an honor.

During his service at the TVA, Crowell focused primarily on upgrading the organization's operational systems and strengthening its financial position. At the time he retired, TVA's five nuclear units had achieved a reputation of excellence in the industry and were among the top performers in the U.S. All five had received the prestigious INPO 1 rating, the highest possible rating from the Institute of Nuclear Power Operations. Production costs for TVA's combined fossil, nuclear, and hydro units were among the best in the nation.

Crowell promoted TVA's international activities with global bond issues in Europe and Asia and business partnerships in China.

Since leaving TVA, Crowell has been a consultant specializing in energy and water resources.

Crowell is a native of Nashville, Tennessee, and received his bachelor's degree from Lipscomb University. Crowell served in the U.S. Marine Corps and was a commissioned officer in the Naval Reserve.

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 420 personnel worldwide and with annual revenues of more than $55 million. For more information on SEC, please visit us: www.sec-tn.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.

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.

For more information about Homeland Security Capital Corporation, or to be added to our e-mail distribution list, please 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 Homeland Security Capital Corporation 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
Headquarters - Arlington, VA
Anne Smith, 865-342-7668
asmith@sec-tn.com
or
The Investor Relations Group
Investor Relations:
Conrad F. Mir, 212-825-3210
cmir@investorrelationsgroup.com
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Christine A. Berni, 212-825-3210
cberni@investorrelationsgroup.com
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Susan Morgenbesser, 212-825-3210
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