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December 10, 2009 01:00 PM Eastern Time
GenNx360 Capital Partners Completes Tender Offer for GVI Security Solutions
NEW YORK--(BUSINESS WIRE)--GenNx360 Capital Partners, a leading global private equity firm focusing on middle market opportunities, announced today that it has successfully completed its tender offer for Texas-based GVI Security Solutions, Inc., a premier provider of video surveillance solutions featuring the complete Samsung product line.
GenNx360 Capital Partners has retained GVI’s senior management and plans to aggressively grow GVI organically. With GVI’s vertical expertise and reputation as the leading provider of video security solutions and GenNx360’s proven operational proficiency and international reach, the newly private company is well poised to capitalize on the growing need for digital security platforms in the public and private sectors.
“GVI Security Solutions has an excellent track record and management team already in place and our partnership with them will help bolster the company’s competitive position,” said Lloyd Trotter, a founder and managing partner at GenNx360. “We already have considerable experience in the security sector and are confident it can achieve considerable revenue growth. GVI is GenNx360’s first investment in our security industry portfolio. We will continue to build by making additional acquisitions in the U.S. and overseas.”
“With GenNx360’s help, GVI will be able to manage our organic growth more effectively and be in the position to seek out the highest quality growth opportunities,” said Steven Walin, GVI’s chairman and chief executive. “As a private company, we will continue providing the same quality security solutions to our customers, and we look forward to working with the GenNx360 team to broaden those relationships, adding talent and generating new opportunities in the global security market.”
Winston & Strawn LLP acted as legal counsel to GenNx360 and Cooley Godward Kronish LLP acted as legal counsel to GVI. Imperial Capital, LLC acted as financial advisor to GVI and MacKenzie Partners, Inc. acted as the Information Agent for the tender offer.
The tender offer described in this press release was made pursuant to a tender offer statement on Schedule TO filed by GenNx360 Capital Partners and its affiliates with the Securities and Exchange Commission (the “SEC”) on November 3, 2009, as subsequently amended. GVI initially filed a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer on November 3, 2009, which has been subsequently amended. Those materials are available to GVI’s stockholders at no expense upon request to MacKenzie Partners, Inc. and are available at no charge on the SEC’s website: www.sec.gov.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung and GVI branded products, software and services to the Homeland Security and Commercial markets. Customers include governments, major retail chains, leading financial institutions and public and private school systems.
www.samsung-security.com
About GenNx360 Capital Partners
New York-based GenNx360 Capital Partners is a private equity investment firm focused on industrial business-to-business companies. Our partners have 100+ years of combined global operating experience with a strong, proven track record in creating true enterprise value through operating excellence and strong leadership. We acquire companies with proven and sustainable business models in expanding industries and implement the required operating efficiencies to accelerate growth and generate strong financial returns.
www.gennx360.com
GVI Security Solutions Chairman Steven Walin to Present at the Noble Financial Fifth Annual Emerging Growth Equity Conference
Jun 5, 2009 10:42:00 AM
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View Additional ProfilesCARROLLTON, Texas, June 5 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, today announced that Chairman and CEO Steven E. Walin, will present at the Noble Financial Equity Fifth Annual Emerging Growth Equity Conference at 12:10 PM EDT on Tuesday, June 9, 2009 at the Seminole Hard Rock Hotel Hollywood, Florida.
Mr. Walin's presentation will include GVI Security Solutions market positioning, financial performance, and strategic direction. The presentation will be webcast live featuring high-definition, streaming video and PowerPoint slides at:
http://hosted.mediasite.com/mediasite/Viewer/?peid=16588f05518f46fb8700df9929224352
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the homeland security and commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investors
Leon Hamerling
Investor Media Group
+1-877-725-2500; or Company Contact
Esra Pope of GVI Security Solutions
+1-972-245-7353
GVI Security Solutions to Provide Complete Video Surveillance Solution for Illinois Shopping Mall
Jun 4, 2009 10:14:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesCARROLLTON, Texas, June 4 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that they had been selected to provide a complete video surveillance solution for an Illinois shopping mall. The security integrator on the project is Quality Integrated Solutions of Mokena Illinois.
The project features GVI Samsung's TurboLowLight(TM) Camera Line models including the 32X Optical Zoom SmartDome(TM) PTZ cameras with Day night and Wide Dynamic Range Functions, as well as the dual codec, user friendly DVRs with POS integration capability that make them ideal for deployment in a retailing environment.
"GVI Samsung was selected for the project based on the superior video performance and superb quality of recorded images," said Ted Kowalczyk of Quality Integrated Solutions. "The TurboLowLight(TM) cameras provide exceptional detail and capture sharp images with superior image quality even in low light conditions."
"This mall project represents a strong middle market surveillance application where complete solutions capability makes our products the clear choice for performance critical installations," said Joseph Restivo, GVI Chief Operating Officer/CFO. "From middle market retail applications to the largest enterprise level surveillance projects, we continue to deliver unmatched service and features to our growing customer base."
Full details on GVI Security's Samsung TurboLowLight(TM) Camera models including a live on-line demo is available at: http://www.gviss.com/demos/turbolowlight.php
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the homeland security and commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investor Contact
Leon Hamerling of Investor Media Group
1-877-725-2500; or Company Contact
Esra Pope of GVI Security Solutions
+1-972-245-7353
GVI Security Solutions Wins School Video Surveillance Project
Jun 1, 2009 10:52:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesCARROLLTON, Texas, June 1 /PRNewswire/ -- GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that their Samsung Electronics cameras have been selected for a security project for a Texas Independent School District.
The project is designed to provide complete campus perimeter video surveillance for the Independent School District's Elementary, Middle and High Schools.
"GVI Samsung cameras were selected for this school project because of our extensive support and brand reputation," said Michael Capulli, GVI Senior Vice President Sales/North America. "The superior construction, performance and reliability of our video security products make them a leading choice in school security."
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the homeland security and commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investors
Leon Hamerling of Investor Media Group for GVI Security Solutions
Inc.
+1-877-725-2500; or Esra Pope of GVI Security Solutions
+1-972-245-7353
GVI Security Solutions Purchases Shares Under Stock Re-Purchase Plan
May 27, 2009 10:17:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesCARROLLTON, Texas, May 27 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc., (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products has repurchased 900,000 shares at $0.25 per share ($225,000 in the aggregate) under the terms of the previously announced $1,000,000 stock re-purchase plan authorized by the Company's board of directors, from Mr. Richard Kall under which he is restricted from selling any of his 1.2 million additional shares for a period of six months followed by additional ongoing volume restrictions.
"We retired a significant block of shares using a portion of our authorized purchase allocation below current market price with additional restrictions on Mr. Kall's remaining 1.3 million shares," said GVI Chairman and CEO Steven E. Walin. "We believe that this removes a potential overhang on our shares as we move forward into a new phase for GVI following our initial acquisition announcement last week. By approving this repurchase the GVI Board of Directors reaffirms its belief that our shares are undervalued."
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; changes in the overall economy; outstanding indebtedness; rapid change in technology; the number and size of competitors in its markets; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the Company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investor Contact
Leon Hamerling
Investor Media Group
+1-877-725-2500; or Company Contact
Esra Pope
GVI Security Solutions
+1-972-245-7353
GVI Security Solutions Announces Acquisition
May 21, 2009 10:21:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesCARROLLTON, Texas, May 21 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc., (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, has acquired a suite of Video Management Systems (VMS) software and related technology from software provider PacketNVR, LLP. The acquisition was effected through GVI's wholly-owned subsidiary, GVI Video Management Solutions.
"We are pleased to announce a major step towards our goal of enhancing shareholder value with the acquisition of a superb VMS product suite, as well as the supporting technology and intellectual property, at far less than the cost of developing comparable technology," said GVI Chairman Steven Walin. "We expect the cost of acquiring the technology to be fully amortized by incremental cash flow, and there is no dilution to existing shareholders. Moreover, we believe that the new VMS offerings will greatly enhance our ability to drive sales growth of our Samsung IP cameras and other companion products."
"With the acquisition of this product suite, GVI will be able to provide proprietary value-added system management solutions that complement Samsung's growing IP video camera line," said GVI Chief Operating Officer Joseph Restivo. "The GVI Video Management Solutions suite of products will significantly enhance our solutions for the growing IP video surveillance markets by providing a platform to support Samsung IP cameras across the full range of applications from small retail chains to larger and more complex projects."
"We believe that we will now be able to provide a VMS solution with features that are easy to use and reduce the complexity of IP video security. These features are particularly well suited to our existing distribution channels and to new channels and customers, which are becoming more important as the video surveillance markets continue to transition from analog to digital and IP," added Mr. Restivo. "This positions GVI to significantly increase our overall market penetration in IP video surveillance."
"GVI also gains the benefit of the extensive experience and expertise of Tom Galvin, who was instrumental in developing the VMS technology for PacketNVR and who will be leading GVI Video Management Solutions," continued Mr. Walin. "Tom brings the skills and knowledge that he developed over a stellar technology career where he has held senior positions at some of the largest technology companies, including General Electric, where he served as Vice President of Engineering and Director of Video Product Management; Verint, where he was Vice President of Product Development; and MCI Telecommunications, where he was Director of Engineering. His joining us in-house at GVI will assist us in developing new VMS offerings to support our current range of Samsung IP products as well as other new products we anticipate introducing in the future."
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; changes in the overall economy; outstanding indebtedness; rapid change in technology; the number and size of competitors in its markets; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the Company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Leon Hamerling
Investor Media Group
+1-877-725-2500
or Company Contact: Esra Pope
GVI Security Solutions
+1-972-245-7353
GVI Security Solutions to Provide Video Surveillance Solution for Network Operation Centers of a Major Telecommunications Provider
May 19, 2009 10:26:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesCARROLLTON, Texas, May 19 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc., (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products is providing a video surveillance solution including Samsung Electronics Cameras and DVRs for the Network Operations Centers (NOC's) of a major telecommunications provider.
"The remote monitoring capabilities of our GVI Samsung video surveillance solution was of critical importance in winning this project," said Joseph Restivo, GVI Chief Operating Officer/CFO. "The facilities being protected contain high value communications equipment that is vital to maintaining network reliability and our remote monitoring solutions enables the full time high security monitoring required for this application."
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTCBB: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; changes in the overall economy; outstanding indebtedness; rapid change in technology; the number and size of competitors in its markets; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the Company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investor Contact
Leon Hamerling
Investor Media Group
+1-877-725-2500; or Company Contact
Esra Pope of GVI Security Solutions
+1-972-245-7353
GVI Security Solutions, Inc. Reports Ninth Consecutive Profitable Quarter
May 14, 2009 10:35:00 AM
Email Story Discuss on ZenoBank
View Additional Profiles
CARROLLTON, Texas, May 14 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS), a leading provider of video security solutions featuring the complete Samsung Electronics line of products, today announced its financial results for the quarter ended March 31, 2009.
For the quarter ended March 31, 2009, net income was approximately $116,000 or one-third of a cent per diluted share, as compared to net income of approximately $330,000, or one cent per diluted share, in the quarter ended March 31, 2008. Net revenues for the quarter ended March 31, 2009 were approximately $10.4 million, a decrease of approximately 8%, as compared to net revenues of approximately $11.3 million in the quarter ended March 31, 2008.
"In the face of a deep worldwide recession, we are reporting our ninth consecutive profitable quarter," said GVI Chief Operating Officer/CFO Joe Restivo. "Net sales were down approximately 8% reflecting the difficult economic conditions. Despite the economy we were able to strategically deploy our sales and marketing efforts to record strong overall sales gains in Latin America and selectively expand market share."
The quarter ended March 31, 2009 saw some significant contract and project wins for the Company, including the announcement of a two-year, $15 million estimated revenue contract renewal from a major retailer, as well as the awarding of a multi-year, multi-million dollar project from a major regional fuel service and convenience store chain.
"During the quarter we focused on preserving profitability while maintaining and enhancing our sales, marketing, service and support efforts," said GVI Chairman/CEO Steven Walin. "We believe that by focusing on our strengths we can use the recession as an opportunity to gain market share and ensure that we will be well positioned to rapidly capitalize on an economic recovery."
For the quarter ended March 31, 2009, selling general and administrative decreased approximately 1% to approximately $2.7 million as compared to the quarter ended March 31, 2008. Sales and marketing expenses increased approximately $68,000, or 3%, in the quarter ended March 31, 2009 as compared to the quarter ended March 31, 2008. The increase in sales and marketing expense was more than offset by a decrease in general and administrative expense of approximately $83,000 or 4% in the quarter ended March 31, 2009 as compared to the quarter ended March 31, 2008.
Net interest expense for the quarter ended March 31, 2009 decreased 42% to approximately $113,000 from approximately $196,000 in the quarter ended March 31, 2008. The decrease was primarily a result of a lower interest rate on the Company's credit facility which stood at prime plus 25 basis points or 3.5% as of March 31, 2009.
Earnings Conference Call
GVI will conduct a conference call on Thursday, May 14, 2009 at 4:15 p.m. Eastern Daylight Savings Time to discuss the Company's financial results for the quarter ended March 31, 2009. Steven E. Walin, Chairman and Chief Executive Officer, and Joseph Restivo, Chief Operating Officer and Chief Financial Officer, will host the call. To participate in the event by telephone, please dial 1.800.434.1335 five to 10 minutes prior to the scheduled start time (to allow time for registration) and use conference code 94472452 followed by the # key on your touchtone phone. International callers can participate in the event by dialing 00.1.404.920.6442 five to 10 minutes prior to the scheduled start time (to allow time for registration) and use conference code 94472452 followed by the # key on your touchtone phone. A digital replay of the call will be available immediately following the completion of the call. Dial 1.800.977.8002 and enter conference code 94472452 followed by the # key on your touchtone phone. International callers can access the digital replay at 00.1.404.920.6650 using conference code 94472452 followed by the # key. The digital replay will be available for one year.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the homeland security and commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; changes in the overall economy; credit limits imposed by primary supplier; outstanding indebtedness; rapid change in technology; the number and size of competitors in its markets; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the Company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
GVI Security Solutions, Inc.
Condensed Consolidated Statements of Operations
(unaudited)
(In thousands, except per share amounts)
Three Months Ended
March 31,
2009 2008
Revenues $10,439 $11,347
Cost of Revenues 7,459 7,916
Gross Profit 2,980 3,431
Selling, General and Administrative Expenses 2,680 2,695
Operating Income 300 736
Interest Expense 113 196
Income before income taxes 187 540
Income Tax Expense 71 210
Net Income $116 $330
Basic Income per common share:
Net income per common share $0.00 $0.01
Weighted average common shares outstanding 28,182,848 28,147,106
Diluted income per common share:
Net income per common share $0.00 $0.01
Weighted average common shares outstanding 28,726,284 33,806,689
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investor Contact
Leon Hamerling
Investor Media Group
1-877-725-2500; or Company Contact
Esra Pope
GVI Security Solutions
+1-972-245-7353
GVI Security Solutions Announces Conference Call to Discuss First Quarter 2009 Earnings
May 7, 2009 10:50:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesCARROLLTON, Texas, May 7 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS), a leading provider of video security solutions featuring the complete Samsung Electronics line of products, will conduct a conference call on Thursday, May 14, 2009 at 4:15 p.m. Eastern Daylight Savings Time to discuss the company's financial results for the first quarter ended March 31, 2009.
Steven E. Walin, Chairman and Chief Executive Officer, and Joseph Restivo, Chief Operating Officer and Chief Financial Officer, will host the call.
To participate in the event by telephone, please dial 1.800.434.1335 five to 10 minutes prior to the scheduled start time (to allow time for registration) and use conference code 94472452 followed by the # key on your touchtone phone.
International callers can participate in the event by dialing 00.1.404.920.6442 five to 10 minutes prior to the scheduled start time (to allow time for registration) and use conference code 94472452 followed by the # key on your touchtone phone. For additional information on international participation contact lh@investormediagroup.com
A digital replay of the call will be available immediately following the completion of the call. Dial 1.800.977.8002 and enter conference code 94472452 followed by the # key on your touchtone phone. International callers can access the digital replay at 00.1.404.920.6650 using conference code 94472452 followed by the # key. The digital replay will be available for one year.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC Bulletin Board: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE GVI Security Solutions, Inc.
----------------------------------------------
Investors
Leon Hamerling
Investor Media Group
+1-877-725-2500; or Esra Pope
GVI Security Solutions
+1-972-245-7353
GVSS.. This confirms my source.. hank
ASSA ABLOY, GVI Security and Lamperd Less Lethal Discuss Security Issues in SecurityStockWatch.com Interviews
Jan 29, 2009 00:01:00 (ET)
RYE BROOK, N.Y., Jan 29, 2009 (BUSINESS WIRE) -- "GVI, effectively, is the Samsung Electronics video security business in the Americas. Samsung is an electronics giant, with annual sales of over $100 billion and their goal is to be a leader in every market they participate in. They've done that in a wide range of product categories including wide screen LCD televisions and mobile phones, and now they are committed to doing the same in security. Samsung does the R&D and production at their facilities in Korea, and GVI markets the products and solutions in the Americas which comprise a significant percentage of the worldwide security market. Our partnership with Samsung has been expanded to the point where they are investing $1.5 million in our sales and marketing plan - and that is producing strong results, with our third quarter net sales up over 13% over the same quarter last year. Expanding our sales and marketing team and programs has opened up new opportunities for us moving forward." These are among the insights discussed by Mr. Steven E. Walin, Chairman/CEO, GVI Security Solutions. Please see the entire interview here: http://www.securitystockwatch.com/Interviews/in_Boardroom_GVI.html .
For more information about GVI: www.samsung-security.com , www.gviss.com .
OTC BB: GVSS.OB.
Mr. Martin Huddart, Vice President, Electronic Access Control, ASSA ABLOY (Stockholm: ASSAB.ST) Door Security Solutions also told us, "The convergence of physical security solutions and network security solutions is a major trend in the security industry today. We seem to be seeing a new era of locking devices in the marketplace and a shift from mechanical locks to electronic locks which can communicate directly to a network." Please see the entire interview here: http://www.securitystockwatch.com/Interviews/in_Boardroom_ASSA.html .
For more information: www.ASSAABLOYdss.com .
Reply To 'gilead23' on 'GVSS - GVI Security Solutions'
I don't think that will happen as Samsung has acording to my source invested/loaned $1,000,000.00 to them.. I don't know if this is public but I believe my source.. Samsung recently has restated it's business plan in this area and the capitol necessary to expand was made avil. GVSS.. hank
My guess is if they execute that they get bought by Samsung eventually.
It could be done with little more than pocket change and these guys have this kind of history with other companies they have run.
Samsung GVI Security Launches New Website With Enhanced Features for Customers and Investors
Monday November 10, 2:30 pm ET
CARROLLTON, TX--(MARKET WIRE)--Nov 10, 2008 -- GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, launched a new website with an extensive suite of interactive tools designed to save time and boost productivity and sales for busy video security industry professionals and provide enhanced access to information for investors.
For Customers, the new Samsung | GVI website provides interactive tools designed to enhance the customer service experience, both before and after sales, for video security industry companies of all sizes. The website provides extensive support for sales and product selection. Industry professionals can quickly and easily navigate the website to find full product feature sets for all products, complete with sales brochures and interactive videos, as well as highly detailed and sophisticated A&E specifications that provide product images and line drawings.
Adding to Samsung | GVI's industry leading 24/7 live technical telephone support lines, the website goes on to take the customer service experience to the next level by providing highly effective on-line support tools such as quick start guides, DVR speed, storage and network bandwidth calculators, product bulletins, online product demonstrations and training materials as well as instant access to RMA and Shipment notifications.
For investors, the new website delivers enhanced access to company information including conference call archives, event information, investor presentations, profiles, financials and share data in an investor friendly format. The new website provides additional options to provide investors with up to the minute information including an email company news alert service.
"We are pleased to announce the launch of our new website," said Esra Pope, GVI Samsung Vice President of Marketing. "Customer service and support continues to be GVI's number one priority. One of our main goals in designing the new website was to build on our industry leading 24/7 live technical support by adding a new level of convenient, easy to use on-line access for our customers. We've also brought together a large range of information resources for investors. We invite our customers and investors to visit the new website frequently for added interactive videos, training materials, monthly product bulletins and featured product sections, as well as upcoming project announcements and events."
Explore the new Samsung | GVI experience at:
http://www.samsung-security.com/ and http://www.gviss.com/
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
Company Contact:
GVI Security Solutions
Esra Pope
972-245-7353
Investor Contact:
Paul Holm
President
Portfolio PR
212-888-4570
Email Contact
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
maybe we can see that .02 plus in eps this quarter. I have been waiting for a breakthrough on the revenue side.
GVI Security Solutions, Inc., Announces Conference Call to Discuss Third Quarter 2008 Earnings
Wednesday November 5, 11:17 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB: GVSS - News), a leading provider of video security solutions featuring the complete Samsung Electronics line of products, will conduct a conference call on Wednesday, November 12, 2008 at 4:15 p.m. Eastern Standard Time to discuss the company's financial results for the third quarter ended September 30, 2008.
Steven E. Walin, Chairman and Chief Executive Officer, and Joseph Restivo, Chief Operating Officer and Chief Financial Officer, will host the call.
To participate in the event by telephone, please dial 1.800.434.1335 five to 10 minutes prior to the scheduled start time (to allow time for registration) and use conference code 77518482 followed by the # key on your touchtone phone.
A digital replay of the call will be available immediately following the completion of the call. Dial 1.800.977.8002 and enter conference code 35362177 followed by the # key on your touchtone phone. The digital replay will be available for one year.
The conference call will also be webcast live over the Internet and can be accessed by all interested parties at:
http://register.webcastgroup.com/event/?wid=0711112084409
To monitor the live webcast, please go to this Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. For your convenience you can also pre-register at any time. An audio replay of the event will be archived at the above Web address for one year.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. (OTCBB: GVSS - News) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
GVI Security Solutions
Esra Pope, 972-245-7353
or
Investor Contact:
Portfolio PR
Paul Holm, President, 212-888-4570
paulh@portfoliopr.biz
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
GVI Security Solutions to Introduce New Samsung Premium Ultra High Resolution LCD Security Monitors at ISC East in New York
Monday October 27, 10:45 am ET
CARROLLTON, TX--(MARKET WIRE)--Oct 27, 2008 -- GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, is introducing their new GVI Samsung Electronics line of Premium Ultra High Resolution LCD security monitors at the ISC East International Security Conference and Exposition at the Javits Convention Center in New York City, October 29 - 30, 2008.
The new GVI Security Samsung Electronics SMT-1722/1922 Premium TFT-LCD Security Monitors being introduced at the show feature 600 TV Lines of Ultra High Resolution and DNIe technology enhances IQ by providing a Motion Optimizer, a Contract Enhancer, a Detail Enhancer and a Color Optimizer. Other outstanding features include 1000:1 high contrast ratio with 5 ms of response time, 300cd/m2 of brightness and durable tempered glass screen, height adjustable and swiveling stand, built in speakers and multiple inputs including Audio with VGA.
GVI Security Samsung Electronics, featured at booth 931 joins Honeywell, Pelco, a division of Schneider Electric, Assa Abloy and Axis Communications as one of the five leading worldwide security providers selected as corporate partners for ISC East where Rudy Giuliani, Former New York City Mayor and former Presidential Candidate will give the keynote address.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments in North, South and Central America.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
Company Contact:
GVI Security Solutions
Esra Pope
972-245-7353
Investor Contact:
Paul Holm
President
Portfolio PR
212-888-4570
Email Contact
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
GVI Security Solutions Expands North American Sales Team as It Accelerates Marketing Plan With Samsung Electronics
Tuesday May 20, 10:40 am ET
CARROLLTON, TX--(MARKET WIRE)--May 20, 2008 -- GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced appointments for two newly created positions in their North American Sales team. Jennifer Kough was named National Accounts Sales Manager for Central and West Region and Peter Prior was named North West Regional Sales Manager.
"We are very excited about expanding our sales team with two such highly respected industry sales professionals as Jennifer Kough and Peter Prior," said Michael D. Capulli, GVI Security Solutions Sr. VP of Sales, North America. "Their highly successful industry track record for producing significant sales growth makes them both great additions as we continue to implement our previously announced marketing and sales expansion plans with our strategic partners at Samsung Electronics."
Jennifer Kough has over 15 years experience as a sales professional in the security industry, most recently as Sales Manager/Senior Business Development at SecureNet Inc. where she led sales teams achieving high growth and spearheaded the implementation of new technologies. Previously, she co-owned a sales representative firm specializing in the security industry.
Peter Prior has over 20 years of experience in the Electronic Security & Surveillance industry working on both the dealer/integrator and distribution segments of the business. Most recently he was a Sales Engineer and Executive with the former Honeywell Security Monitoring group where he specialized in access and video integrated systems. His tenure also includes sales and management roles with ADI, plus a decade of experience as a technician, project manager and service manager for mid-size integration companies specializing in access control, CCTV and fire systems.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
Contact:
GVI Security Solutions
Esra Pope
972-245-7353
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
GVI Samsung School Video Security Initiative Announces New School Video Surveillance Orders
Friday May 16, 10:48 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB:GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced new and expanded projects wins for their GVI Samsung School Video Security Initiative. The projects include a new GVI Samsung video security solution for the Suncoast Polytechnical High School and a new order expanding the project for the Sarasota County School District.
The project for the Sarasota County School District video security program will raise the total number of installed GVI Samsung cameras in the district to over 2500. The new order also heralds the introduction of GVI’s new Samsung 40 inch, high resolution LCD security monitors, which are being installed to provide the Sarasota County School District with one of the most advanced large flat panel wide screen monitoring options in school video security.
The new project at Suncoast Polytechnical High School provides a complete video solution featuring GVI’s Samsung Electronics color dome cameras and Samsung 17 inch flat panel LCD monitors.
“GVI’s partnership with Samsung in the School Video Security Initiative is continuing to move ahead with leading products and a growing presence in this important, rapidly growing, high value market vertical,” said GVI Chairman Steven Walin. “New products, like our 40 inch Samsung LCD flat panel monitors, keep us at the forefront in providing effective, reliable easy to use security systems for schools and universities nationwide.”
The GVI sales rep partner for both projects is Southeast Security Products of Pompano Beach Florida, which represents GVI Samsung throughout the Southeast including Florida, Alabama, South and North Carolina, Georgia, Tennessee and Southern Virginia.
About GVI Security Solutions, Inc.
GVI Security Solutions Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
GVI Security Solutions
Esra Pope, 972-245-7353
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
Got an email back from Steve Walin
Asked me to call him back tomorrow. Will provide an update here. Mostly I was asking him about sales rep rampup and for some color on how they are going to get to their 100 million run rate.
GVI Security Solutions Inc. Partners with Verint Systems Inc. to Enhance Growth in Enterprise Level Video Surveillance Solutions
Wednesday May 14, 10:54 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB: GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced an agreement with Verint Systems Inc., (Pink Sheets: VRNT - News) a leader in IP video solutions, to co-market Verint’s Nextiva™ portfolio of video systems with GVI Samsung Electronics analog, digital, and IP technology to offer enhanced value to its customers in the Americas.
“Verint’s video management software and wireless IP systems perfectly complement our newly introduced IP camera line and enhances our ability to drive growth in very large enterprise level projects particularly in Latin America,” said Steven Walin, Chairman and CEO of GVI Security Solutions. “The software and systems are fully compatible with our analog products and provide us with an important tool to leverage our customer’s investment in analog technology to provide a fully compatible transition to expanded IP installations.”
Jim Clark, General Manager of Verint Video Intelligence Solutions added, “We are excited about the partnership with GVI and the opportunity for expansion in Latin America.” Continued Clark, “Our Nextiva portfolio solution is specifically designed to address demanding enterprise security initiatives such as those served by the GVI team.”
“This co-marketing agreement is especially relevant for us in the Latin American market where we have been winning many enterprise level projects with thousands of cameras spread out over multiple locations,” said Fernando Tomasiello, GVI Senior Vice President for Latin America.
About GVI Security Solutions, Inc.
GVI Security Solutions Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments. On the web at: www.gviss.com
About Verint Video Intelligence Solutions
Verint Video Intelligence Solutions is the leading global provider of networked video solutions that enhance the security of people, property and assets. Verint’s award-winning Nextiva portfolio includes video management software, integrated analytics, encoders and IP cameras and intelligent DVRs for use in a variety of vertical market environments. Open, standards based and IT friendly, Verint solutions enable organizations to leverage their existing video investments and place IP video within the reach of virtually every organization. Visit our website at www.verint.com.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
GVI Security Solutions
Esra Pope, 972-245-7353
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
Listening to CC
They got their first installment from Samsung for marketing in April. Initial amount was 600k. Apparently they haven't seen any of the benefit from that money yet. That much I am pleased with as it implies all the benefits from this deal are yet to be realized.
Would not give specific guidance on sales but said growing sales is their focus. They expect some of the new Samsung products to benefit second half sales.
Not alot of forward looking detail and I was unimpressed with the questions the got. Have a couple outstanding in an email to the CEO myself.
I guess we will see
I would be suprised to see much downside but any stock can go in any direction at any time. That much is understood.
Well Gilead23 if they get a 10 PE going foward. The stock could trade at .40. So yes I believe their is downside left. you can't give them a much higher PE then that considering growth right now. Just my opinion.
The growth is the key issue for me
I expected we would be seeing some already with both the new reps and the samsung program. pre-tax eps was up decently over last Q but I was hoping for about another 1.5 million in revs and about another penny in EPS.
They are making money but the growth sure is floundering. I don't see alot of downside for a profitable company in this price range but until they start showing some real rev. growth its dead money.
Gilead23 (GVSS.OB)
I sold out of my 4k position. Earnings were also affected by income tax expense, which I wrongly didn't calculate into my estimate as well. Plus I was hoping for over 12 million in sales, so growth is not picking up the way we would like. Just my opinion.
earnings posted
Revenue numbers were disappointing. Pre-tax income was up sequentially by about 12%. EPS of .01. There is growth there but its very slow growth. Will be interesting to hear what they say on the CC
I entered GVSS.OB at $0.75 today, glad to see their product is being proven effective. Just my opinion.
GVI Samsung Cameras Help Police Track Down ATM Bandits
Friday May 2, 10:21 am ET
CARROLLTON, TX--(MARKET WIRE)--May 2, 2008 -- GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that surveillance video captured by GVI Samsung cameras was featured in an NBC news broadcast.
NBC WPTV NewsChannel 5 in West Palm Beach, Florida, reported in a story broadcast on the station (the video is available on the web, see link below) that investigators at the Broward County Sheriff's Office are using surveillance video to track down bandits who stole a 20 ton recycling truck from Amerigrow Recycling and then used the truck to snatch a cash machine from a bank in nearby Lauderdale Lakes, FL. Video of the bandits was captured by GVI Samsung cameras when the ATM bandits stole the truck, which was later recovered. "I'm sure they'll catch him, I mean -- it's a pretty good picture," said Amerigrow Recycling manager Chuck Tomlinson.
Network Design & Communication Inc. representative Alan J. Schweizer said that the videos of the bandits were captured by some of the "many GVI Samsung SCC-131b and SCC-2311 cameras" that he had installed at Amerigrow's facilities. Network Design & Communications of Boynton Beach, Florida is a leading contractor specializing in voice and data cabling and CCTV installations like the one that captured the video being used by detectives to track the bandits.
The GVI Samsung cameras that Network Design & Communications installed at Amerigrow were provided by Southeast Security Products of Pompano Beach, FL, which represents GVI Samsung throughout the Southeast including Florida, Alabama, South and North Carolina, Georgia, Tennessee and Southern Virginia. "We are delighted to see the high quality products we represent like GVI Samsung cameras deliver the kind of reliable high performance video that helps detectives recover property and track down culprits," added Southeast Security Products Territory Manager Erik Nilsen.
The video is also available on the web at: http://www.wptv.com/news/local/story.aspx?content_id=51717F6B-6B65-4149-B8E2-5BCA3B8142C0&gsa=true (click play in the video box to the right)
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments. On the web at: www.gviss.com
About Southeast Security Products
Southeast Security Products is a manufacturer's representative for leading Security products manufactures serving Florida, Alabama, South and North Carolina, Georgia, Tennessee and Southern Virginia. Our familiarity and understanding of this unique market -- and all of the special niches contained within it -- is matched by few organizations. Similarly, the knowledge and experience that our staff brings to the job is extraordinary. Family owned and operated since its inception in 1986. Website: www.sesecurityproducts.com
About Network Design & Communication Inc.
Located in Boynton Beach, Network Design & Communications specializes in voice and data cabling. Plus we provide full network installation from PCs to servers and also provide service of telephone systems for new and existing companies and provide CCTV installation for residential and commercial areas. Website: www.ndcincorp.com
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2007 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
Contact:
GVI Security Solutions
Esra Pope
972-245-7353
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
GVI Security Solutions Selected to Provide Samsung DVR Based Video Surveillance for Major Nationwide Book Retailer
Tuesday March 25, 10:14 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB: GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, today announced that it has been selected to provide a complete Samsung Camera and DVR based video surveillance security solution for a Major Nationwide Book Retailer. The integrator for the project is Keiser Communications & Security of Auburn Hills, Michigan.
“GVI Samsung DVR’s and cameras were the ideal choice for the demanding standards of this Major Nationwide Book Retailers,” said Ed Keiser, President of Keiser Communications & Security. “In my twenty-seven years in the security industry, GVI is the best manufacturing partner I’ve worked with, consistently delivering the best customer service and technical support.”
The installation includes GVI Samsung Cameras as well as GVI Samsung DVR’s which deliver the most advanced feature set available combined with outstanding reliability and advanced off-site monitoring capabilities.
“We are happy to be working with Ed Keiser, an experienced industry veteran at the forefront of providing video security products to major multi-location nationwide accounts like this Major Nationwide Book Retailer,” said Michael D. Capulli, GVI Security Solutions Sr. VP of Sales, North America.
“This type of order presents a perfect illustration of the growth in market share we are building with our partners at Samsung and leading nationwide integrators like Keiser Communications,” said GVI Chairman and Chief Executive Officer Steven Walin. “The Retail store security market vertical is the largest single market vertical in the Americas security market and the accelerating transition from analog to Digital and IP Video is rapidly making the DVR segment the largest and most important product category with annual sales growing past $1 Billion.”
About GVI Security Solutions, Inc.
GVI Security Solutions Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2006 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
GVI Security Solutions
Esra Pope, 972-245-7353
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
GVI Security Solutions, Inc./Samsung Electronics IP Camera to Be Introduced at ISC West New Product Showcase
Tuesday March 11, 10:00 am ET
CARROLLTON, TX--(MARKET WIRE)--Mar 11, 2008 -- GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, to introduce their new Samsung Electronics Anti Vandal Outdoor IP Dome Camera in the New Product Showcase at the ISC West Show in Las Vegas on April 1, 2008.
"We are delighted to launch our IP Video line at the ISC West New Products Showcase," said GVI Chairman Steven Walin. "Industry leading IP products like these put us at the forefront of the industry's dynamic shift from analog to digital IP Video."
The new Samsung Electronics Anti Vandal Outdoor IP Dome Camera (SNC-B5395) combines 1/3" Color Super-HAD CCD, 540 TV lines of high resolution, IR cut filter true day night function, MPEG-4 & MJPEG flexible network performance and image transfer of up to 720 x 480 (D1) resolution at 30fps making it one of the highest performing IP cameras available.
Camera performance is further enhanced with built-in video motion detection and an SD memory card slot, which allows local storage of images up to 12GB and their retrieval over the network from compatible Video Management Software (VMS). All of these features are packed into a vandal resistant outdoor rated housing that makes the SNC-B5395 an industry leading choice for versatile high quality IP Video.
"Samsung Electronics and our partners at GVI are very proud to demonstrate the industry leading capabilities of our new IP Video camera line at the security industry's premier new products forum," said Mr. CH Ha, of Samsung Electronics.
The new Samsung Electronics Anti Vandal Outdoor IP Dome Camera as well as the complete line of GVI Security/Samsung Electronics products will be on display at booth 15053 at the ISC West Show taking place April 2 - 4, 2008 at the Sands Expo and Convention Center in Las Vegas.
About GVI Security Solutions, Inc.
GVI Security Solutions, Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2006 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact:
Contact:
GVI Security Solutions
Esra Pope
972-245-7353
--------------------------------------------------------------------------------
Source: GVI Security Solutions, Inc.
Link to today's Roth conference
http://www.wsw.com/webcast/roth16/gvss.ob/
Still talking about a 100 million dollar business in a couple years. Thats alot of growth and I believe would get you to about .40/share fully taxed annually.
GVSS contract announcement
This contract is likely large. I am guessing 1.5 millionish. I still believe this will look like one of my better picks once the BTHB contest is over a year from now.
GVI Security Solutions to Provide over 1300 Samsung Electronics Video Surveillance Cameras for Major Nationwide Pharmacy Retail Chain
Wednesday February 20, 10:00 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB:GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, today announced that it will provide a video surveillance security solution for over eighty locations of a Major Nationwide Pharmacy Retailer. The systems integrator for the project is Bass Security of Cleveland, Ohio, a leading provider of Electronic and Mechanical security products and services.
ADVERTISEMENT
“We chose GVI Samsung Electronics because of their superior products, especially the High Resolution Color cameras and also because of GVI Samsung's excellent service commitment which is critical to us. Making sure that we are able to provide the highest quality, most reliable video surveillance solution for this Major Nationwide Pharmacy chain with thousands of locations around the country, made GVI Samsung Electronics the right choice,” said Joe Mignone, Vice President Sales & Marketing of Bass Security.
“We are pleased to be working with Bass Security, a leader in providing security solutions for retailers nationwide, to provide a reliable, effective video security solution for another major nationwide retailer,” said Michael Capulli, GVI Sr. VP Sales/North America.
“Large retail chains, banks and schools continue to be strong and growing vertical markets for GVI,” said GVI Chairman/CEO Steven Walin. “The strength of the Samsung brand combined with GVI’s reputation for superior customer service and support along with our team of experienced, highly respected integrators like Bass Security makes GVI a top choice for large installations across multiple locations.”
Mike GVSS
I wholeheartedly agree about distributors. Terrible business as a rule. Margins are razor thin. In this case the exclusive nature of their business is keeping margins well above what a typical distributors margins would be. They are more like a retailer than a distributor in terms of margin.
Of course you are right they are going to be soley about operations rather than innovation.
My only complaint is the implied forward PE.
I've picked up a small position in GVSS over the past couple of weeks. I think GVSS has some good prospects but I generally don't like companies that sell products designed and manufactured by others as this tends to limit the GM and innovation. On the other hand, the security segment for educational institutions is a great segment. In any case I think GVSS has some impressive growth possibilities. I'm mainly watching them and may stake a bigger position as they prove themselves.
Nice DD as always, Gilead.
Mike
new contract announcement
1.5 million in Mexico. I like the sector and I like the management in this one.
GVI Security Solutions Wins Major Citywide Public Video Surveillance Project in Mexico
Tuesday January 8, 11:16 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB: GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that they received a Major Citywide Public Video Surveillance Project in Mexico.
“The $1.5 million project, for one of the largest cities in Mexico, is built around GVI’s newest Samsung Smart Dome SCC-C6407 video cameras. They are configured with DSP and digital encoders coupled with hard drive based DVR’s wirelessly connected through Verint Wireless Links to a hybrid wireless and fiber optic IP network. This system will provide an actively controlled low light capable citywide surveillance solution at strategic street locations throughout the City,” said Fernando Tomasiello, Senior Vice President of Sales for GVI Security Solutions, Inc.
This order represents GVI’s second large citywide public security video surveillance project win in Latin America in the less than three months.
“Our strong presence and standing as one of the top two video surveillance brands in Latin America is driving our success in winning a growing number of new large scale enterprise level projects,” said GVI CEO Steven Walin. “With growing economies and well-publicized security concerns, Latin America continues to be a rapidly growing market for our locally based team of over 20 representatives, integrators and three staffed GVI sales offices in the region.”
Picked up 4000 shares today
I think I will take a few more if they become available in the .80's.
GVSS significant contract announcement
Will provide security systems for over 200 bank locations in Peru. That should be a pretty decent chunk of revenue.
GVI Security Solutions, Inc. Wins Major Peruvian 200+ Branch Bank Video Surveillance Contract
Wednesday December 19, 10:42 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB: GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, has been selected to provide the video surveillance security solution at 200+ branches for one of the largest banking institution in Peru.
"GVI is providing a complete video surveillance solutions to meet the needs of this Major Peruvian Bank with over 200 branches in 26 cities throughout Peru,” said Fernando Tomasiello, Senior Vice President of Sales for GVI Security Solutions, Inc. “The project features our Day / Night cameras, as well as digital video recorders and Video Management Systems, which makes remote video searching, archiving and management both convenient and practical for deployment across large bank branch networks.”
"This award, from a Major Peruvian Bank, is another in a growing list of bank and financial institutions contracts for GVI throughout the Americas," said GVI Chief Executive Officer Steven Walin. "Bank and financial institution branches, schools and retail chains are key market verticals where our reliable video security surveillance solutions are driving growth."
The project is scheduled for completion in 2008.
http://biz.yahoo.com/bw/071219/20071219005677.html?.v=1
GVSS CEO interview
http://www.wallst.net/audio/audio.asp?ticker=GVSS&id=4273
Not much there but a couple of notes
Market is growing at double digits they expect to exceed the market.
Considering acquisitions
Competitive advantages:
From a product perspective they offer comparable or better functionality generally at prices 10-15% lower.
Brand
Customer service (who doesn't say that?)
Another GVSS contract award
Wish they would attach dollar amounts to these but this one sounds like it would be a decent size order.
GVI Security Solutions, Inc. Chosen to Provide Video Surveillance Solution for the Largest New Convention Center in Latin America
Thursday December 6, 10:15 am ET
CARROLLTON, TX--(MARKET WIRE)--Dec 6, 2007 -- GVI Security Solutions, Inc. (OTC BB:GVSS.OB - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that GVI has been selected to provide the video surveillance solution for the new Valle del Pacifico Convention Center, the biggest Convention Center on Colombian Pacific Zone, located in the city of Cali, in the Colombian Western Valley.
"GVI IR cameras have been selected to provide the video surveillance solution at the Valle del Pacifico Convention Center because of their excellent 540/580 lines resolution, powerful IR LEDs, autoiris varifocal lens and True Day / Night capabilities," said Fernando Tomasiello, GVI Senior Vice President of Sales, Latin America. "We are pleased to be providing the video surveillance solution for the largest convention center in Latin America."
The video security surveillance solution at the Valle del Pacifico Convention Center is built around GVI dome and bullet cameras. The installation provides protection for the interior and exterior of the 40,000 square meter convention center buildings as well as the 20,000 square meter parking lot.
"Latin America is a strong growth market for GVI," stated GVI CEO Steven Walin. "We continue to win some of the highest profile projects in the region with our complete line of GVI Samsung Electronics video surveillance solutions."
Always good to have confirmation from someone I respect thanks
GVSS..
I did a quick DD and even got my wife involved.. The contracts that they have established and all the You-Tube fights are good enough for me.. I actually swapped an equal $dollar position in DGLY for GVSS.. If you google the industry there is enough alarms out there to have GVSS equipment that it makes it a me too product among schools.. Payments might be slow and thier $15,000,000.00 line might be strained quickly but that is the only downside i see.. As to if I pay $0.80 or $0.90 it doesn't really matter.. I've bought all that I intend to own and will not buy any more unless we see explosive earnings sooner rather than later.. thanks for the idea... Also the CEO is a man with some expertise in the industry... I will check further as I have a relative within the industry.. hank
Steven Walin
Director and CEO
Steven Walin joined GVI from GE Security Enterprise Solutions, where he has been president since April 2003. Under Walin's leadership, GE Security Enterprise Solutions integrated several acquisitions and expanded product and service offerings while increasing revenues by 20 percent and operating margin by 33 percent.
From 2001 to 2003, Walin was a senior vice president with the security systems division of Siemens Building Technologies, Inc. where he was responsible for field sales and installation and service operations. From 1997 until 2001, Walin was president and chief operating officer for Security Technologies Group (STG), the largest independent security system integrator in North America, a company that he grew both organically and through acquisitions from $10 million in revenues to more than $115 million. STG was acquired by Siemens in 2001. He began his career in the security industry with CASI-RUSCO, Inc. a developer, manufacturer and marketer of electronic security products, now owned by GE. Walin is a 23-year veteran of the security industry.
Walin received a bachelor of science in business administration from Northeastern University in Boston.
Hi Hank glad to have you in
I would like to buy a bit more but I am still going to insist that it be at .80/share.
So did you do DD and like this or is it a trade?
GVSS...
New position...
Bought 1888 @$0.9205
Bought 3888 @$0.9160
Bought 2888 @$0.8935
Bought 2888 @$0.8900
Total 11,552 @$0.9015 $10,414.00 hank
Pretty good day so far today
38 k shares bid/ask at .93/.96
Moving up nicely.
250k shares were undoubtedly NOT exchanged by placing an order with ameritrade. Undoubtedly this was a pre-arranged transaction otherwise the stock obviously would have moved one way or another. The point however is you have an insider willing to pay up to .93.
Not sure what has changed since you put in your order @ .98 except insiders have shown their confidence with a large purchase. How you could think its a buy @ .98 and decide almost hours later the company cannot be trusted is beyond me.
As I said in my original post I thought .70 was a good entry point. With the show of insider confidence I think I would pay .80 and might on monday. I would not have paid .98 not because there is anything that looks fishy to me but rather because its not that great a bargain there.
I would suggest rethinking your approach. Sounds like you chased up on emotion based on the share price and are now suddenly bitter and suggesting the company is untrustworthy also based an emotional reaction to share price movement. That is a recipe to lose alot of money.
I DON'T KNOW ABOUT YOU GUYS.
But I don't trust this company
250.000 shares should have moved the stock way over a buck.
When I put in a bid at the ask the stock would move up,
Happened 3 times,Like a fool I chased it to 98.
I decided to cancel, hit the button,immediatly I owned it.
Not too happy,
Arnie
yes, I like that buy a lot.
Please share for good or ill when you do
That 250k share buy at up to .93 by the chairman increased my confidence considerably.
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