HMSC.OB was CESY.OB-CESY.OB is no longer valid. It has changed to HOMS.OB

[gmarc66]

Up over 100% with news this morning, volume is at a high...it was on a low and looks likes its uptrending again.

Does anyone have any comments on this stock?

THanks
juilia
Celerity Names Homeland Security Industry Leader C. Thomas McMillen as New CEO
Enters homeland security business with $51 million capital commitment from Cornell Capital Partners; Announces intent to change name to Homeland Security Capital Corporation
KNOXVILLE, Tenn., Aug. 30 /PRNewswire-FirstCall/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY) announced today the appointment of C. Thomas McMillen to serve as President and Chief Executive Officer effective immediately. Rob Legnosky will relinquish his CEO and President positions and remain as President of Celerity's Nevada subsidiary.

McMillen has had a distinguished career in government, business, and sports. He currently serves as a founder, director, chairman and principal shareholder of Fortress America Acquisition Corporation, a homeland security industry-focused blank check company that recently completed its initial public offering of $46.8 million. Previously, McMillen served as a founder, chief executive officer and principal shareholder of Global Secure Corp., a homeland security company providing products and services for critical incident providers worldwide, which has recently filed for an initial public offering for as much as $100 million.

McMillen was appointed by President Clinton to Co-Chair the President's Council on Physical Fitness and Sports from 1993 to 1997. From 1987 through 1993, he served three consecutive terms in the United States House of Representatives from the 4th Congressional District of Maryland. Prior to that, Mr. McMillen played 11 years in the National Basketball Association. McMillen received a Bachelor of Science in chemistry from the University of Maryland, and a Bachelor and Master of Arts from Oxford University as a Rhodes Scholar.

'I look forward to building an expanded management team and leveraging the company's new financial commitment and our homeland security relationships to generate value for our shareholders' said McMillen.

'The homeland defense industry represents an exciting and strategic investment opportunity,' said Michael Rosselli, Director of Mergers and Acquisitions, Corporate Finance at Cornell Capital Partners, L.P. 'We have tremendous respect for Tom McMillen and are very enthusiastic about the long-term potential for the company.'

New Strategic Direction and New Name

The company today announced that it intends to pursue a new strategic direction: to focus on owning and operating small and mid-sized growth businesses that provide homeland security solutions through innovative technologies to both the public and private sector and to drive growth through management, strategic guidance, capital and financial support, and government marketing expertise.

The company also announced today its intention to seek shareholder approval this October to change its name from Celerity Systems, Inc. to Homeland Security Capital Corporation to better reflect the company's new direction and objective to become a major player in the fast-growing homeland security industry. In addition, as part of its reorganization, the company will seek shareholder approval to withdraw its election as a business development company under the Investment Company Act of 1940.

As part of its new strategic direction, the company intends to immediately move its corporate headquarters to the Washington, DC area.

Financing Commitment

In addition, the company announced today that it has entered into term sheets for a $51 million financial commitment from Cornell Capital Partners to finance, in 2 parts, the company's new strategic direction, which shall be subject to execution of definitive documentation. The company expects to close the first part, a $1 million Preferred Stock offering by September 15, 2005. The company expects to close the second part upon the termination of the company's status as a business development company.

About Celerity Systems

Celerity Systems, Inc (OTC Bulletin Board: CESY) is an operating company focused on creating long-term value by taking controlling interest and developing its companies through superior operations and management. Celerity intends to operate businesses that provide homeland security product and service solutions.

About Cornell Capital Partners

Established in January 2001, and managed by U.S.-based Yorkville Advisors LLC, Cornell Capital Partners, LP has structured equity financings in the United States, United Kingdom and Australian financial markets among others. Cornell is a leader in equity financings for small and mid-cap companies and over the last twelve months has commitments in excess of $1.2 billion for approximately 114 publicly quoted corporations. Information regarding Cornell Capital Partners, LP can be found at http://www.cornellcapital.com.

[evgeny05]

Hello !

Celerity Names Homeland Security Industry Leader C. Thomas McMillen as New CEO
Tuesday August 30, 6:30 am ET 
Enters homeland security business with $51 million capital commitment from Cornell Capital Partners; Announces intent to change name to Homeland Security Capital Corporation


KNOXVILLE, Tenn., Aug. 30 /PRNewswire-FirstCall/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY - News) announced today the appointment of C. Thomas McMillen to serve as President and Chief Executive Officer effective immediately. Rob Legnosky will relinquish his CEO and President positions and remain as President of Celerity's Nevada subsidiary.
ADVERTISEMENT




McMillen has had a distinguished career in government, business, and sports. He currently serves as a founder, director, chairman and principal shareholder of Fortress America Acquisition Corporation, a homeland security industry-focused blank check company that recently completed its initial public offering of $46.8 million. Previously, McMillen served as a founder, chief executive officer and principal shareholder of Global Secure Corp., a homeland security company providing products and services for critical incident providers worldwide, which has recently filed for an initial public offering for as much as $100 million.

McMillen was appointed by President Clinton to Co-Chair the President's Council on Physical Fitness and Sports from 1993 to 1997. From 1987 through 1993, he served three consecutive terms in the United States House of Representatives from the 4th Congressional District of Maryland. Prior to that, Mr. McMillen played 11 years in the National Basketball Association. McMillen received a Bachelor of Science in chemistry from the University of Maryland, and a Bachelor and Master of Arts from Oxford University as a Rhodes Scholar.

"I look forward to building an expanded management team and leveraging the company's new financial commitment and our homeland security relationships to generate value for our shareholders" said McMillen.

"The homeland defense industry represents an exciting and strategic investment opportunity," said Michael Rosselli, Director of Mergers and Acquisitions, Corporate Finance at Cornell Capital Partners, L.P. "We have tremendous respect for Tom McMillen and are very enthusiastic about the long-term potential for the company."

New Strategic Direction and New Name

The company today announced that it intends to pursue a new strategic direction: to focus on owning and operating small and mid-sized growth businesses that provide homeland security solutions through innovative technologies to both the public and private sector and to drive growth through management, strategic guidance, capital and financial support, and government marketing expertise.

The company also announced today its intention to seek shareholder approval this October to change its name from Celerity Systems, Inc. to Homeland Security Capital Corporation to better reflect the company's new direction and objective to become a major player in the fast-growing homeland security industry. In addition, as part of its reorganization, the company will seek shareholder approval to withdraw its election as a business development company under the Investment Company Act of 1940.

As part of its new strategic direction, the company intends to immediately move its corporate headquarters to the Washington, DC area.

Financing Commitment

In addition, the company announced today that it has entered into term sheets for a $51 million financial commitment from Cornell Capital Partners to finance, in 2 parts, the company's new strategic direction, which shall be subject to execution of definitive documentation. The company expects to close the first part, a $1 million Preferred Stock offering by September 15, 2005. The company expects to close the second part upon the termination of the company's status as a business development company.

About Celerity Systems

Celerity Systems, Inc (OTC Bulletin Board: CESY - News) is an operating company focused on creating long-term value by taking controlling interest and developing its companies through superior operations and management. Celerity intends to operate businesses that provide homeland security product and service solutions.

About Cornell Capital Partners

Established in January 2001, and managed by U.S.-based Yorkville Advisors LLC, Cornell Capital Partners, LP has structured equity financings in the United States, United Kingdom and Australian financial markets among others. Cornell is a leader in equity financings for small and mid-cap companies and over the last twelve months has commitments in excess of $1.2 billion for approximately 114 publicly quoted corporations. Information regarding Cornell Capital Partners, LP can be found at http://www.cornellcapital.com.

Forward-Looking Statements

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 Celerity Systems, Inc. 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.





Regards.
Evgeny.

[Ouch!!!]

Took a deep breath.

Closed my eyes.

And...

Pulled the trigger!



I'm in.  $0.0020

[Ramsburg]

Applaud for bringing this ticker to the board !

The chart looks great, a powerful breakout with plenty of volume after some accumulation...

Great news today, CESY is moving to a hot sector now, and it has great perspectives with the new CEO. The company will change its name from Celerity Systems to Homeland Security Capital and makes plans to be a player on this huge market.

I believe we have a good speculative opportunity here... This stock was almost dead, and this is great news.

It's important to break the .0020 level on the next sessions, because it represents the only resistance level so far... I believe we'll watch a breakout...

I've bought some shares to my personal penny portfolio @ $0.0018

Best regards,

[setravis]

I don't want you to feel alone here Julia.
I went ahead and bought me some .....
I'm in 0.0019....the best I could get .
May be this will put the move on up spell on it....

Good luck all!!!!!!

[gmarc66]

Thats great Setravis!!

With you and David on board i'm sure it will bring it up to speed and a good dose of luck!
I also ended up getting it at .0019.

Lets hope tomorrow it will break the .002 mark

Thanks for the support


good luck to us

julia

[gmarc66]

Woops....my apologies..i meant to say with Setravis and Ramsburg on board...luck is sure to follow...sorry, Frederick!

good luck

julia

[cumulina]

Count me in, Julia 

Also at 0.0019 

Good scouting, Lady!

[gmarc66]

Hey Cumulina!

Thank you!
Now that there are a few of my pals in on CESY...this stock definitely better go up tomorrow!

Good luck to us!!!

thanks very much,

julia

[Ramsburg]

Woops....my apologies..i meant to say with Setravis and Ramsburg on board...luck is sure to follow...sorry, Frederick!

good luck

julia

No problem Julia

ehhehe... Thanks for bringing this CESY to the board again.... what a nice close
I'm thinking if I should buy it tomorrow for the 3 Pennies Portfolio... I'll see it later on...

regards !

[Ramsburg]

I don't want you to feel alone here Julia.
I went ahead and bought me some .....
I'm in 0.0019....the best I could get .
May be this will put the move on up spell on it....

Good luck all!!!!!!

Well... with you on board I fell much more secure

After your work on BCIT where I sold for just a few bags, I want to be next to you.... heheheh... You are the BAG Master ! 
BTW.... did you watch BCIT today ? xxxxiiiiiii 

[gmarc66]

Wow, great...so u obviously think it has some great potential..would that be short or long term? Are we talking a double, triple ...i'll take either..trying not to be too greedy these days.
Was just wondering if stock should be sold early tomorrow or kept for a few days.

Eduardvs...you posted this stock roughly the same time I did...did u get in?



in regards to BCIT...i had it on watch (as its Setravis pick!) and i found this posted on another site by someone who contacted their broker and this was their response:

BCIT

--------------------------------------------------------------------------------

How does a broker have the right to do this ?

Dear Mr. xxxxxx:

We appreciate your response regarding this matter.

Trading has been restricted for symbol BCIT. We are not allowing any trading in this security because DTC (Depository Trust Corporation) has informed us of an issue with clearing the certificates.

Sincerely,

David Holder
Apex Trade Resolution, Ameritrade
Division of Ameritrade, Inc.

Perhaps once this issue gets cleared up, BCIT will be good for another ride..and at these prices...could be great...ay, Setravis, Rams...? 

[setravis]

Well... with you on board I fell much more secure

After your work on BCIT where I sold for just a few bags, I want to be next to you.... heheheh... You are the BAG Master !
BTW.... did you watch BCIT today ? xxxxiiiiiii

Bag Master......No ,I think lady luck was with me on BCIT.
It was good that I was able to sell Monday morning,and a good thing I did make the
decision to sell. I did watch BCIT today Rams, what was it down -48.72%,Out just in time.
Now Julia shows this news where Ameritrade restricted trading.Not allowing trading..Wow!
I'm with E*Trade myself.But it may be the same way with them now ,I don't know.

But anyway Rams,Julia,Cumulina,Ouch and anyone else that may have bought into CESY.
Like Rams said...It did have a nice close.May be when we members here @ 3SOF get in,They take off to the upside..
Maybe it will fly high tomorrow ,and put us all well into the GREEN.
Good trading to us all!!!

[J.Livermore]

This McMillen guy is good !

I'm not seeing McMillen entering as CEO of a $0.0020/share company just to let it slide again...

This guy has the right connections, he moves on the right political lobbies, for some reason CESY jumped 150% today... A lot more to come I believe...
CESY, should change its name to Homeland Security, and probably will change ticker as well, and very likely it would be trading much much higher in just a few months...
Just read this article, and ignore the predisposed tone of the author, analyse the kind of astute guy McMillen is, and think what he's he doing as CEO on this company ?
http://www.washingtonpost.com/wp-dyn/articles/A5721-2005Mar27.html

Now think about his connections, and take in consideration that for this to be just a pump and dump, they needed to have accumulated much more than the volume is showing up for the last weeks.
I believe this is a genuine move, with a lot of mid term potential; it will be difficult to watch this stock on yesterdays levels again.

Let's think, $51 million capital commitment on an $8M market cap company should make some difference, especially when operating on such a promising sector as the security industry.

This capital will be raised by Cornell Capital Partners, the same guys that raised 50$M to MOBL, by the way MOBL is doing great.

Unfortunately I didn't buy all my position yet......... ARRRGGGG I was only half filled at 20 !
Good luck to all holders!!! I'll join you guys with some more $$ tomorrow if I get the chance to get a good price.

[In_Arrears]

New PR from 5:38pm today indicates 1.25 Billion Shares have been disposed of:

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D %5C2005%5C08%5C30%5CEDGARNews_0001144204-05-0276000001006459.html%26clientid%3D168%26provider%3DEDGARnews&symbol=CESY