Homeland Security Capital Corp.
(common stock; par value $0.001)

Company Address                   Company Website              Cusip number
4100 North Fairfax Drive          View Website                         43741Q205
Suite 1150
Arlington, VA 22203

Ticker Symbol                         Exchange                State of Incorporation
HOMS                                        OTC BB                            Delaware 1997


Stock Dividends/Splits
None

Cash Dividends
None

Corporate Actions/Reorganizations
March 10, 1998 - 1:2 1/2 reverse split only. Company name did not change. Cash in Lieu rate is $3.00 per share. This a mandatory exchange of shares. Registered shareholders with certificate(s) stating Celerity Systems, Inc. with an issue date prior to 4/25/02 need to send in their shares for conversion. Shareholders with their shares held in "street name" (with a broker), had their shares converted automatically on the effective date; no action or forms need to be completed.

April 25, 2002 - 1:20 reverse split only. Company name did not change. No Cash in Lieu. This a mandatory exchange of shares. Registered shareholders with certificate(s) stating Celerity Systems, Inc. with an issue date prior to 4/25/02 need to send in their shares for conversion. Shareholders with their shares held in "street name" with a broker, had their shares converted automatically on the effective date; no action or forms need to be completed.

February 2006 - Company name change only; from Celerity Systems, Inc. to current name, homeland Security Capital Corp. No mandatory exchange. Certificates will be exchanged once presented for transfer or at the shareholders request.

August 1, 2007 - 1:100 reverse split only. Company name did not change. The Cash in Lieu rate is $0.10 per share. This a mandatory exchange of shares. Registered shareholders with certificate(s) stating Homeland Security Capital Corporation under CUSIP #43741Q106 need to send in their shares for conversion. Shareholders with their shares held in "street name" (with a broker), had their shares converted automatically on the effective date; no action or forms need to be completed.

Notes
If you plan on changing the registration of your shares, you must complete our generic conversion/letter of transmittal form. Be sure the form is "medallion signature guaranteed" by an approved bank, broker, or other financial institution, such as STAMP, SEMP, or MSP. A PDF of the Generic LT (conversion form) can be downloaded from our website by clicking here. If any of your shares are lost, please contact us for additional forms.

*Inquiries for registered shareholders regarding stock certificates:

By Mail                                    By E-Mail                         By Telephone
Worldwide Stock Transfer        info@wwstr.com              (201) 820-2008
Attention: IR Department
433 Hackensack Ave, Level - L
Hackensack, NJ 07601