C. Thomas McMillen, Chairman and CEO of Homeland Security Capital Corporation To be Inducted into the University of Maryland Alumni Association Hall of Fame

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 5^th 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.