Homeland Resources Ltd. ($HMLA) Planning to Acquire Telesecurity Sciences, Inc.
I believe this ticker is about to explode! Check out this information on who they are possibly merging with:
Outstanding: 71,000,000 a/o November 12, 2015
Float: 53,000,000 a/o November 12, 2015
Authorized: 100,000,000 a/o November 12, 2015
The directors of the Company have entered into an agreement to acquire Telesecurity Sciences, Inc. (TSS). Upon closing of the TSS acquisition, the Company intends to shift its focus for oil and gas to advanced imaging solutions for medical and security imaging devices and systems.
Government Contracts and Grants
2011-2015 company received $3,939,500.
2013-2015 company received $2,742,440.
TSS founders pioneered in the development of Cardiac CT Scanning since the early 1980s. The first generation Electron Beam CT Scanner (EBCT) developed at Imatron dominated the field of cardiac CT for two decades. TSS has been a collaborator with another company on the development of the first EBCT scanner for checked luggage inspection at airports.
Based on new technology developed over the last several years, it is now possible to design a new 2nd generation EBCT scanner for Cardiac Imaging that will be smaller, less costly, and faster than the original Imatron scanners.
*Imatrons EBCT scanners are FDA approved
*Imatron had $74m revenue before it was acquired by GE for $210m.
*Imatron was a Nasdaq company which traded up to $8 before it was acquired.
*Founder and CEO of Imatron, is the ceo of Telesecurity Sciences Inc.
*The first generation of Imatron EBCT scanners is still in use: http://www.prweb.com/releases/2015/08/prweb12888314.htm
Imatron GE EBCT scanners cost between $1,800,000 and