Aerospace - Defense

Robert Tarini, CEO and Chairman stated, "I am extremely pleased by the fact that we have made numerous significant achievements in growing the Markland revenue base and creating strong future growth opportunities in a very short period of time. Our results have occurred so quickly and in such a dynamic fashion that it is important for us to reflect upon our accomplishments and take the time to appreciate the efforts made to date by our entire Markland workforce. To that end we provide this status update and a list of significant accomplishments made since June 2004."

A list of significant accomplishments made since June 2004 and up to date corporate status items is as follows:

- Acquisition of EOIR Technologies Inc in June 2004 providing Markland with a suite of highly innovative remote sensing technologies, established revenue streams in DOD and Homeland Security applications, and a highly skilled workforce.
- Record Six Month Revenues as of December 31, 2004 of $32,814,528 versus prior year six month revenues of $3,563,495; an 821% increase.
- Net cash provided by operating activities for the six months ended December 31, 2004 of positive $194,896 versus prior year six month negative net operating cash flow of $884,314. A significant improvement of over $1M in year over year results.
- Enhanced financial stability; approximately $50M in present funded backlog of goods and services and a cash balance of approximately $5.7M as of December 31, 2004.
- Acquisition of majority ownership of public company Technest Holdings Inc in February 2005 with a present market capitalization of approximately $50M and its subsequent acquisition of Homeland Security company Genex Technologies Inc. (www.genextech.com) with expertise and industry leadership in 3D surveillance and facial recognition technologies.
- Funded high profile research programs in the strategic areas of: explosives detection, suicide bomber detection, disposable sensors, chemical detection and facial recognition.
- Formation of a highly skilled and focused workforce of over 225 employees and a strategic initiatives business plan for 2005 which incorporates the following:

Strategic Initiative 1 -- Continue to solidify Markland as a strong niche player in the DOD/Homeland Security arena via organic growth.

Strategic Initiative 2 -- Continue to pursue focused acquisitions of synergistic, revenue-producing assets:

Strategic Initiative 3 -- Partner with established industry players on key, large-scale government contract programs:

Strategic Initiative 4 -- Incubate and commercialize emerging technologies:

Robert Tarini in closing stated, "We have a fabulous workforce and a focused business plan, dedicated and loyal customers and very attractive market opportunities. We will endeavor to take full advantage of all the opportunities in front of us to grow the company, improve profitability and enhance shareholder value. We have made significant accomplishments in the last 8 months and believe that these trends will continue. I am extremely happy to be a part of this exciting business venture and hope to be able to report on additional strategic achievements in the near future."

About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at: http://www.homelanddefensestocks.com/Companies/MarklandTech.

For more information about the Company and its products, please visit the Markland home page at: http://www.marklandtech.com.

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: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, difficulties integrating our acquisition of EOIR, 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.

Source: Markland Technologies, Inc.
Markland Technologies, Inc is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/NewsReleases.asp

Contact:
Markland Technologies, Inc.
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
or
Trevor Ruehs