Markland Technologies Agrees to Terms on $1.4 Million of Bridge Financing and Provides Update on Business Plan

Markland Technologies, Inc. (MKLD), an integrated homeland security company, (www.marklandtech.com) today announced that it has signed a term sheet with Bay View Capital LLC to obtain a $1.4 million bridge financing loan. The new funding is structured as a loan with no provision that can cause stock dilution. The full amount of the financing is to be received within the next thirty days.

RIDGEFIELD, Conn.,(PRWEB) Sep 4, 2003 - Markland Technologies, Inc. (MKLD), an integrated homeland security company, (www.marklandtech.com) today announced that it has signed a term sheet with Bay View Capital LLC to obtain a $1.4 million bridge financing loan.

The new funding is structured as a loan with no provision that can cause stock dilution. The full amount of the financing is to be received within the next thirty days.

The majority of the funding will be used to complete the previously announced purchase of a Virginia based manufacturer of portable shipboard chemical detectors. The remainder will satisfy certain acquisition related debt from the previous purchases of Ergo Systems and gas plasma antenna patent assets. These acquisitions are part of Markland's ongoing business plan to build a portfolio of integrated security solutions for the global market.

Bay View Capital LLC principals include majority owner Mr. Chad A. Verdi, a financial consultant to the Company and Mr. Robert Tarini, Chairman of Markland's Board of Directors. The company will file a Form 8k with the Securities and Exchange Commission to disclose all details of the transaction when completed.

Markland will file a registration statement with the SEC to facilitate the 10 million dollar Equity line that it received earlier this year. In total, the company will soon have access to over 11 million dollars of new financing.

Markland Chairman Robert Tarini stated, "These funds will greatly enhance our integrated securities portfolio by allowing us to complete this new acquisition. The combined trailing twelve months of historical revenues of our border security, gas plasma and now, shipboard chemical detector business segments will give us an established sales revenue base of approximately $10 million per year and backlog in excess of $20 million. We expect these acquisitions to create positive cash flow and profits. These acquisitions will build a substantial base which we will leverage as we enter into discussions with additional companies that have expressed interest in combining their Homeland Security asset base with ours. It is our goal to acquire additional revenue generating assets in the Homeland Security marketplace that will provide cash flows that will complement and expedite our continued research efforts in the areas of cargo inspection, border security and cryptology."

Ken Ducey stated, "Bay View Capital, LLC has given a great vote of confidence to Markland and our ongoing plan of building profitable integrated solutions for the Homeland Security Marketplace. Markland will utilize the funds to build up our assets and create further awareness of Markland, and our unique solutions, within our customer base as well as with potential investors. We have accomplished much in a short period of time, but we are looking forward to even greater growth over the next year."

Upon completion of these transactions, details will be made available within Markland's filings with the Securities and Exchange Commission.

About Markland Technologies:

Markland Technologies is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets.

The Company is a member of the Homeland Security Industries Association http://www.hsianet.org.

"Forward-Looking Statements"

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").

Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.

Contact:

Markland Technologies

http://www.marklandtech.com

ECON Investor Relations, Inc.,

1-866-730-1151

Dawn Van Zant,

dvanzant@investorideas.com

or

Trevor Ruehs

truehs@investorideas.com

For full details, click here: http://www.investorideas.com/Companies/MarklandTech/NewsReleases.asp


Contact Information
Dawn Van Zant

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