CARROLLTON,
Texas, Nov 18, 2008 -- GVI Security Solutions, Inc., (OTCBB: GVSS), a leading
provider of video security surveillance solutions featuring the complete Samsung
Electronics line of products has won a contract to provide a comprehensive video
surveillance system for the prison system of one of the largest Nations in Latin
America.
The project,
commencing this week, includes a broad range of GVI Samsung Electronics video
surveillance solutions encompassing a wide selection of high performance GVI
Samsung anti-vandal cameras selected to meet location and environmental specific
needs in the prison system, including indoor and outdoor applications and accessories.
The project also includes GVI Samsung PC Based Dual Codec Stand Alone DVRs and
an extensive array of GVI switchers, controllers, hubs and transceivers.
"We appreciate
the confidence that this key Latin American Nation placed in GVI Samsung Electronics'
ability to help rapidly secure these critical facilities," said Joseph
Restivo, GVI Chief Operating Officer/CFO. "Our long presence in Latin America
and established reputation for quality and reliability is helping us significantly
expand our ongoing growth in winning large enterprise-level security projects
in the region."
Designed to
enhance the security of the Nation's prison facilities to meet more rigorous
requirements found necessary due to rising crime and the threat of narco-terrorism;
the initial installation in five of the correctional system's prison facilities
is scheduled for rapid completion before the close of 2008.
"The prison
system of one of the largest countries in Latin America faced a critical need
to upgrade the security in their facilities," said Fernando Tomasiello,
GVI Senior Vice President Int'l Operations and Sales. "Their decision to
select GVI Samsung Electronics for rapid deployment in five of their prisons
was due both to the superior quality of our products as well as the high value
placed on GVI's extensive service and support networks in the region."
This is the
tenth major Latin American Region announcement for GVI in 2008 including:
-- Banking:
a 155-branch bank video security project, as well as the largest public bank
in Latin America
-- Public safety:
a multi-city Colombian government Wireless IP security video surveillance project,
and a major citywide public video surveillance project in Mexico
-- Retail chains:
the Mexico operations of a leading multi-national retail chain, and a major
Mexican furniture chain
-- Recreation:
South America's second largest soccer stadium
Full text of
these releases is available at:
http://phx.corporate-ir.net/phoenix.zhtml?c=191877&p=irol-news
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; 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.
GVI Security
Solutions
Esra Pope, 972-245-7353
or
Investor Contact:
Portfolio PR
Paul Holm, President, 212-888-4570
paulh@portfoliopr.biz