EXHIBIT 99.1

Homeland Security Capital Corp. Ticker Symbol Changes to HMSC

Arlington, VA, February 2, 2006 -- Homeland Security Capital Corp. (OTC Bulletin
Board:  HMSC),  a company  focused on acquiring,  developing  and  consolidating
homeland security-related businesses,  announced that its ticker symbol has been
changed from CESY to HMSC effective today.

C. Thomas McMillen,  chairman and CEO of Homeland Security Capital,  said, "This
symbol change is a natural  progression  resulting from our official name change
from  Celerity  Systems.  This is another step  forward as a public  company and
supports our new strategy.  This should  remove any  confusion  arising from the
previous ticker/company name disparity."

About Homeland Security Capital
Homeland Security Capital is a consolidator in 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. The company is headed by former Congressman C. Thomas
McMillen,   who  served   three   consecutive   terms  in  the  U.S.   House  of
Representatives  from  the 4th  Congressional  District  of  Maryland.  Homeland
Security Capital intends to operate  businesses that provide  homeland  security
product and service  solutions,  growing  organically and by  acquisitions.  The
company is  targeting  emerging  companies  that are  generating  revenues  from
promising  security  products and services but face  challenges in scaling their
businesses to capitalize on homeland  security  opportunities.  The company will
enhance the operations of these companies by helping them generate new business,
grow revenues and improve cash flows.

An  investment   profile  about  Homeland  Security  Capital  may  be  found  at
http://www.hawkassociates.com/Homelandsecurity/profile.htm.

For investor relations information regarding Homeland Security Capital,  contact
Frank Hawkins or Julie Marshall,  Hawk  Associates,  at (305) 451-1888,  e-mail:
info@hawkassociates.com.  An  online  investor  kit  including  press  releases,
current price quotes,  stock charts and other valuable information for investors
may be found at www.hawkassociates.com and www.americanmicrocaps.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 Corp.  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.