-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DH9rgxcExLsSMjRu3MFrxf3PepiEIgK6OK1XHhbG+EUQuT4PIMRdy8tavO/+XfX2
 sbN4ge+Ur9vloccuqsqV2g==

<SEC-DOCUMENT>0001144204-10-026556.txt : 20100512
<SEC-HEADER>0001144204-10-026556.hdr.sgml : 20100512
<ACCEPTANCE-DATETIME>20100512171705
ACCESSION NUMBER:		0001144204-10-026556
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100512
FILED AS OF DATE:		20100512
DATE AS OF CHANGE:		20100512

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ANGELO MARK
		CENTRAL INDEX KEY:			0001271848

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23279
		FILM NUMBER:		10825281

	MAIL ADDRESS:	
		STREET 1:		101 HUDSON STREET
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07302

	FORMER NAME:	
		FORMER CONFORMED NAME:	ANGELO MARC
		DATE OF NAME CHANGE:	20031202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			YORKVILLE ADVISORS LLC
		CENTRAL INDEX KEY:			0001271849

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23279
		FILM NUMBER:		10825279

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		201 985 8300

	MAIL ADDRESS:	
		STREET 1:		101 HUDSON STREET
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07302

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PRETE MARCO
		CENTRAL INDEX KEY:			0001443691

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23279
		FILM NUMBER:		10825277

	MAIL ADDRESS:	
		STREET 1:		PALERMO 16
		CITY:			MILANO
		STATE:			L6
		ZIP:			26121

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Homeland Security Capital CORP
		CENTRAL INDEX KEY:			0001006459
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				522050585
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1005 GLEBE ROAD,
		STREET 2:		SUITE 550
		CITY:			ARLINGTON,
		STATE:			VA
		ZIP:			22201
		BUSINESS PHONE:		(703) 528-7073

	MAIL ADDRESS:	
		STREET 1:		1005 GLEBE ROAD,
		STREET 2:		SUITE 550
		CITY:			ARLINGTON,
		STATE:			VA
		ZIP:			22201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CELERITY SYSTEMS INC
		DATE OF NAME CHANGE:	19970811

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			YA Global Investments
		CENTRAL INDEX KEY:			0001132874

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23279
		FILM NUMBER:		10825280

	BUSINESS ADDRESS:	
		STREET 1:		101 HUDSON STREET
		STREET 2:		SUITE 3606
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07302
		BUSINESS PHONE:		(201) 985-8300

	MAIL ADDRESS:	
		STREET 1:		101 HUDSON STREET
		STREET 2:		SUITE 3606
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07302

	FORMER NAME:	
		FORMER CONFORMED NAME:	CORNELL CAPITAL PARTNERS LP
		DATE OF NAME CHANGE:	20010119

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			YORKVILLE BHN SPA
		CENTRAL INDEX KEY:			0001443690
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23279
		FILM NUMBER:		10825278

	BUSINESS ADDRESS:	
		STREET 1:		PALERMO 16
		CITY:			MILANO
		STATE:			L6
		ZIP:			26121
		BUSINESS PHONE:		34 0245 4905 17

	MAIL ADDRESS:	
		STREET 1:		PALERMO 16
		CITY:			MILANO
		STATE:			L6
		ZIP:			26121
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v184669_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-05-12</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001006459</issuerCik>
        <issuerName>Homeland Security Capital CORP</issuerName>
        <issuerTradingSymbol>HOMS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001132874</rptOwnerCik>
            <rptOwnerName>YA Global Investments</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>101 HUDSON STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3700</rptOwnerStreet2>
            <rptOwnerCity>JERSEY CITY</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07302</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001271849</rptOwnerCik>
            <rptOwnerName>YORKVILLE ADVISORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>101 HUDSON STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3700</rptOwnerStreet2>
            <rptOwnerCity>JERSEY CITY</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07302</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001271848</rptOwnerCik>
            <rptOwnerName>ANGELO MARK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>101 HUDSON STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3700</rptOwnerStreet2>
            <rptOwnerCity>JERSEY CITY</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07302</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001443690</rptOwnerCik>
            <rptOwnerName>YORKVILLE BHN SPA</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>VIA PALERMO 16</rptOwnerStreet1>
            <rptOwnerStreet2>20121</rptOwnerStreet2>
            <rptOwnerCity>MILANO</rptOwnerCity>
            <rptOwnerState>L6</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>ITALY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001443691</rptOwnerCik>
            <rptOwnerName>PRETE MARCO</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>VA PALERMO 16</rptOwnerStreet1>
            <rptOwnerStreet2>20121</rptOwnerStreet2>
            <rptOwnerCity>MILANO</rptOwnerCity>
            <rptOwnerState>L6</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>ITALY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2010-05-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>160000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.04</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3038473</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2010-05-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>292000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.04</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2746473</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2010-05-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>51000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.04</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2695473</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">YA Global Investments, L.P. (&quot;YA Global&quot;) directly own 1,489,223 shares of Common Stock.  As the Investment Manager of YA
 Global, Yorkville Advisors, LLC (&quot;Yorkville&quot;) may be deemed to beneficially own the 1,489,223 shares of Common Stock
 beneficially owned by YA Global.  As the president of Yorkville, the investment manager to YA Global and as the portfolio
 manager to YA Global, Mark Angelo (&quot;Angelo&quot;) may be deemed to beneficially own the 1,489,223 shares of Common Stock
 beneficially owned by YA Global.  Yorkville Bhn S.p.A. (&quot;Yorkville Bhn&quot;), which YA Global is a majority owner and Marco
 Prete, (&quot;Prete&quot;), as the CEO of Yorkville Bhn, who has trading authority for Yorkville Bhn may be deemed to beneficially own
 the 1,489,223 shares of Common Stock beneficially owned by YA Global.</footnote>
        <footnote id="F2">Yorkville Bhn directly owns 1,200,000 shares of Common Stock.  As the CEO of Yorkville Bhn, Prete, who has trading authority
 for Yorkville Bhn may be deemed to beneficially own the 1,200,000 shares of Common Stock beneficially owned by Yorkville
 Bhn.  As the majority owner of Yorkville Bhn, YA Global may be deemed to beneficially own the 1,200,000 shares of Common
 Stock beneficially owned by Yorkville Bhn.  As the Investment Manager of YA Global, Yorkville may be deemed to beneficially
 own the 1,200,000 shares of Common Stock beneficially owned by Yorkville Bhn, which YA Global is the majority owner of
 Yorkville Bhn.  As the president of Yorkville, the investment manager of YA Global, and as the portfolio manager to YA
 Global, Angelo may be deemed to beneficially own the 1,200,000 shares of Common Stock beneficially owned by Yorkville Bhn,
 which is majority owned by YA Global.</footnote>
        <footnote id="F3">Angelo directly owns 6,250 shares of Common Stock.  YA Global may be deemed to beneficially own the 6,250 shares of Common
 Stock beneficially owned by Angelo, as he is the president of Yorkville, the investment manager to YA Global and the
 portfolio manager to YA Global.  Yorkville Advisors may be deemed to beneficially own the 6,250 shares of Common Stock
 beneficially owned by Angelo, as he is the president of Yorkville.  Yorkville Bhn and Prete as the CEO of Yorkville Bhn may
 be deemed to own the 6,250 shares of Common Stock beneficially owned by Angelo, as Yorkville Bhn is majority owned by YA
 Global which Angelo is the portfolio manager of and the president of Yorkville, which is the investment manager to YA
 Global.</footnote>
        <footnote id="F4">Except for the 1,489,223 shares of Common Stock and the Derivative Securities beneficially owned by YA Global, the 1,200,000
 shares of Common Stock beneficially owned by Yorkville Bhn and the 6,250 shares of Common Stock beneficially owned by
 Angelo, the other Reporting Persons disclaim beneficial ownership of these securities except to the extent of his or its
 pecuniary interest, and its report shall not be deemed to be an admission that any Reporting Person is the beneficial owner
 of these securities for the purpose of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Steven S. Goldstein, Esq., By: Steven S. Goldstein, Esq., Yorkville Advisors, LLC, Its: Chief Compliance Officer, As: Investment Manager, To: Yorkville Advisors, L.P.</signatureName>
        <signatureDate>2010-05-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven S. Goldstein, Esq., By: Steven S. Goldstein, Esq., Yorkville Advisors, LLC, Its: Chief Compliance Officer</signatureName>
        <signatureDate>2010-05-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Mark Angelo</signatureName>
        <signatureDate>2010-05-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Marco Prete, By: Marco Prete, Yorkville Bhn, S.p.A., Its: Chief Executive Office</signatureName>
        <signatureDate>2010-05-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Marco Prete</signatureName>
        <signatureDate>2010-05-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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