HomelandDefenseStocks.com Follows the Money in Homeland Security Spending

PRLog (Press Release) - Oct 17, 2006 -
POINT ROBERTS, Wash., October 17, 2006 – www.HomelandDefenseStocks.com (HDS), a global investor and industry news portal for the homeland defense and security sector, continues its InvestorIdeas.com™ ‘Follow the Money’ series with a look into the growth of government funding for the security and defense industry and its positive impact for homeland security and defense stocks.

With the growing level of defense contracts strengthening the market, the much awaited SAIC IPO made a soaring debut last week up $3.18, on its opening day, a gain of approximately 21% from its $15.00 open.

With the recent signing by President George Bush of the Fiscal Year 2007 Homeland Security Appropriations Bill, the Department of Homeland Security will remain well funded as it continues to focus on key areas such as border security, and improvements within FEMA. The bill includes $34.8 billion in regular and emergency appropriations and an “unprecedented level of funding for critical components of our Secure Border Initiative (SBInet),” according to the Department of Homeland Security. This funding will be directed towards 1,500 border patrol agents, 6,700 detention beds, and $1.2 billion for border fencing, vehicle barriers, technology, and tactical infrastructure.

The Secure Border Initiative has been the focus amongst defense firms due to the amount of funding available. SBInet looks to establish a necessary and effective combination of current as well as next generation technology, infrastructure, response systems and staffing to provide a comprehensive border security solution.

www.HomelandDefenseStocks.com (HDS), a portal within the InvestorIdeas.com content umbrella, does not make recommendations, but offers a unique free information portal to research news, articles, blogs, interviews and a growing list of participating public companies in the security industry.

HomelandDefenseStocks.com Portal Sponsors: (HDS is compensated by Technest as disclosed in disclaimer)

Technest Holdings, Inc. (OTCBB: TCNH) For More Info: http://www.homelanddefensestocks.com/CO/THNS/Default.asp

HDS includes one of the most comprehensive free Homeland Security stock lists in the investment industry: www.HomelandDefenseStocks.com/Companies/HomelandDefense/Stock_List.asp

Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp

For more information contact:

Dawn Van Zant 800.665.0411
Ann-Marie Fleming 866.725.2554
Email: dvanzant@HomelandDefenseStocks.com, or afleming@HomelandDefenseStocks.com

Source: HomelandDefenseStocks.com, Technest Holdings