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GVSS - GVI Security Solutions (GVSS)

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Last Post: 12/11/2009 2:24:04 AM - Followers: 5 - Board type: Free - Posts Today: 0

GVSS is a semi-exclusive distributor of Samsung video surveillance products in North and South America. One area of focus for them has been security for educational institutions. You have to like that niche. It has quite a bit of sex appeal for many investors. The basic story is that we have a new management team that has taken a company that was bleeding cash when they took over back in March 06 and has turned it around into an enterprise that is growing the bottom line consistently and looks poised for some big topline and even bigger bottom line increases going forward. Management has a history of turning around companies and they have lived up to that history so far at GVSS. Here are their earnings from when they first took over in March 06 to the present quarter. Jun 06 (3,746,000) Sep 06 (3,570,000) Dec 06 (6,500,000) Mar 07 160,000 Jun 07 308,000 Sep 07 473,000 This is a pretty impressive turnaround on the bottom line IMO. Earnings improved by 4.2 million a quarter over a 15 month period. There is a nice presentation from management on some of their history and their strategy for the company here. Their early strategy was to fix things, and they did. They cut expenses improved margins and ditched a nasty financing deal with Laurus and replaced it with a new cheaper loan package from Wells Fargo. Now they are focused on growth. They expect the next quarter to again show year over year improvements on the revenue side which means they should also grow earnings again on a sequential basis. In addition there are some tidbits that suggest they will see very substantial growth in 2008. First they mentioned on the last conference call that they added 30 sales reps in the current quarter.As of September they were sitting at 80 reps so a 30 rep increase is a huge increase in the sales force. Most of their sales reps in the US are independent reps so there should be no hit to SGA outside of the expected commission arrangements. In addition they announced today that Samsung will be funding a 1.5 million dollar marketing campaign in 2008 to help them expand sales. Their current sales and marketing expenses combined are roughly 1.4 million a quarter. You have to like it when another company pays for a 30% increase in your sales and marketing budget. It is not dirt cheap on a trailing earnings basis. Diluted EPS was a bit under .015 last quarter and those are untaxed earnings. They do have NOL's to offset taxes going forward however I expect them to pay at least partial taxes in 2008. By my calculations they will likely only be able to utilize about 300k in NOL's a quarter. Still this is a company in a nice recession resistant niche with what appears to be great management and some serious wind at their back to help them ramp up sales in 2008.
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GVSS News: GenNx360 Capital Partners and GVI Security Solutions, Inc. Announce Official Closing of Tender Offer for GVI 12/09/2009 06:59:00 PM
GVSS News: GVI Security Solutions, Inc., GenNx360 GVI Holding, Inc. and GenNx360 GVI Acquisition Corp. Announce Extension and Increase in T 11/24/2009 02:20:00 PM
GVSS News: GVI Security Solutions, Inc., GenNx360 GVI Holding, Inc. and GenNx360 GVI Acquisition Corp. Announce Extension and Increase in T 11/24/2009 02:20:00 PM
GVSS News: GVI Security Solutions, Inc. Reports Eleventh Consecutive Profitable Quarter 11/16/2009 09:15:00 AM
GVSS News: GenNx360 GVI Holding, Inc. and GenNx360 GVI Acquisition Corp. Announce Commencement of Tender Offer for Shares of GVI Security S 11/03/2009 05:51:00 PM
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#50   News!! December 10, 2009 01:00 PM Eastern Time JunBug 12/11/09 02:24:04 AM
#49   Big news today Derekz 09/10/09 10:27:10 AM
#48   GVI Security Solutions Chairman Steven Walin to Present di4 06/05/09 11:45:00 AM
#47   GVI Security Solutions to Provide Complete Video Surveillance di4 06/04/09 01:07:05 PM
#46   GVI Security Solutions Wins School Video Surveillance Project di4 06/01/09 11:12:52 AM
#45   GVI Security Solutions Purchases Shares Under Stock Re-Purchase Plan di4 05/27/09 12:48:47 PM
#44   GVI Security Solutions Announces Acquisition di4 05/21/09 12:38:19 PM
#43   GVI Security Solutions to Provide Video Surveillance Solution di4 05/19/09 12:20:12 PM
#42   GVI Security Solutions, Inc. Reports Ninth Consecutive Profitable Quarter di4 05/14/09 04:03:38 PM
#41   GVI Security Solutions Announces Conference Call to Discuss di4 05/07/09 10:58:07 AM
#40   GVSS.. This confirms my source.. hank 10 bagger 01/29/09 10:34:36 AM
#39   Reply To 'gilead23' on 'GVSS - GVI Security Solutions' 10 bagger 01/21/09 11:18:10 AM
#38   My guess is if they execute that they gilead23 11/10/08 06:57:25 PM
#37   Samsung GVI Security Launches New Website With Enhanced MikeDDKing 11/10/08 03:00:39 PM
#36   maybe we can see that .02 plus in gilead23 11/05/08 09:16:59 PM
#35   GVI Security Solutions, Inc., Announces Conference Call to MikeDDKing 11/05/08 08:28:34 PM
#34   GVI Security Solutions to Introduce New Samsung Premium MikeDDKing 10/27/08 12:09:52 PM
#33   GVI Security Solutions Expands North American Sales Team MikeDDKing 05/20/08 11:33:08 AM
#32   GVI Samsung School Video Security Initiative Announces New MikeDDKing 05/16/08 02:26:20 PM
#31   Got an email back from Steve Walin gilead23 05/14/08 08:56:13 PM
#30   GVI Security Solutions Inc. Partners with Verint Systems MikeDDKing 05/14/08 11:02:06 AM
#29   Listening to CC gilead23 05/13/08 08:21:43 PM
#28   I guess we will see gilead23 05/13/08 02:07:08 PM
#27   Well Gilead23 if they get a 10 PE SSKILLZ1 05/13/08 02:02:56 PM
#26   The growth is the key issue for me gilead23 05/13/08 01:52:53 PM
#25   Gilead23 (GVSS.OB) SSKILLZ1 05/13/08 01:36:42 PM
#24   earnings posted gilead23 05/13/08 10:05:27 AM
#23   I entered GVSS.OB at $0.75 today, glad to SSKILLZ1 05/02/08 12:00:06 PM
#22   GVI Samsung Cameras Help Police Track Down ATM Bandits MikeDDKing 05/02/08 11:18:53 AM
#21   GVI Security Solutions Selected to Provide Samsung DVR MikeDDKing 03/25/08 10:51:45 AM
#20   GVI Security Solutions, Inc./Samsung Electronics IP Camera to MikeDDKing 03/11/08 10:28:27 AM
#19   Link to today's Roth conference gilead23 02/20/08 08:44:41 PM
#18   GVSS contract announcement gilead23 02/20/08 10:37:22 AM
#17   Mike GVSS gilead23 01/12/08 08:35:10 AM
#16   I've picked up a small position in GVSS MikeDDKing 01/12/08 02:35:41 AM
#15   new contract announcement gilead23 01/08/08 11:19:41 AM
#14   Picked up 4000 shares today gilead23 12/27/07 10:44:20 PM
#13   GVSS significant contract announcement gilead23 12/19/07 10:16:38 PM
#12   GVSS CEO interview gilead23 12/13/07 08:27:51 PM
#11   Another GVSS contract award gilead23 12/06/07 05:36:36 PM
#10   Always good to have confirmation from someone I gilead23 12/05/07 01:55:58 PM
#9   GVSS.. I did a quick DD and even got 10 bagger 12/05/07 01:53:58 PM
#8   Hi Hank glad to have you in gilead23 12/05/07 01:45:11 PM
#7   GVSS... New position... 10 bagger 12/05/07 01:41:34 PM
#6   Pretty good day so far today gilead23 12/03/07 01:25:24 PM
#5   250k shares were undoubtedly NOT exchanged by placing gilead23 12/02/07 07:03:45 PM
#4   I DON'T KNOW ABOUT YOU GUYS. arnie70 12/02/07 04:31:37 PM
#3   yes, I like that buy a lot. nsomniyak 12/01/07 05:06:47 PM
#2   Please share for good or ill when you do gilead23 12/01/07 03:27:12 PM
#1   I like this idea--need to do some homework! nsomniyak 12/01/07 02:11:34 PM