|By Marketwire .||
|March 5, 2013 09:32 AM EST|
WRIGHTWOOD, CA -- (Marketwire) -- 03/05/13 -- Homeland Security Corporation (PINKSHEETS: HSCC) announced that it has submitted a comprehensive proposal to the Washington State Liquor Control Board (WSLCB). The categories encompass Product Knowledge, Quality standards and Testing, Usage and consumption, and Product regulation. The projected value could reach $2 Million over a 2 year period. The State of Washington is looking for consultants to help it develop a legal marijuana program as part of the statewide Initiative 502 that was passed by voters last fall. The mandate for the regulatory side of the program will fall under the control of the WA State Liquor Control Board (WSLCB). I-502 calls for the entire legal/regulatory system to be in place by December of 2013. HSC plans to use the legalization model it and a team of consultants developed in Colorado, refine it, expand it and adapt it to each state that plans to go through legalization process.
One of the company's consultants, Gordon Fagras, attended the Washington marijuana legalization meeting held in Tacoma earlier last month. A news video is featured on KIRO 7 News in Seattle and can be viewed on the company's main Website.
Dave Shade said, "HSC is working alongside an accomplished team of industry consultants, producers, laboratories, suppliers and even a marketing and consulting group. These are driven, intensely goal oriented individuals that take 'think outside the box' to a whole new level. We are able to draw upon a network of experts from many different fields beyond our normal scope, broadening the potential and reach of HSC. This integrated and expanded team effort will greatly benefit HSC and its shareholders not only for this initial proposal but for additional States passing this type of legislation."
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, along with statements regarding Homeland's performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those anticipated.
Homeland Security Corporation
David L. Shade