GenNx360 Holding, GVI Security Solutions welcomes new board members

CARROLLTON, Texas - January 26, 2010 – GenNx360 Holding, Inc., and GVI Security Solutions, a leading provider of video security surveillance solutions featuring the complete range of SAMSUNG products, welcomes Lloyd Trotter, Ken Boyda, Rena Clark and David Schuldt to the Board of Directors of GenNx360 GVI Holding, Inc. Mr. Trotter, who has been appointed Chairman, Mr. Boyda, Ms. Clark and Mr. Schuldt join Steven Walin, CEO and Joseph Restivo COO/CFO on the board.

“We are very pleased to welcome Lloyd, Ken, Rena, and David to the Board,” said Steven Walin. “The wealth of experience they bring to the table in building and running highly successful businesses through acquisitions and organic growth will provide invaluable guidance as we move forward to aggressively expand our presence in the security industry.”

“Video security surveillance is increasingly becoming the nexus of modern security systems, providing a core structure around which a host of security technologies including access control and other complementary technologies can be grouped to create a fully integrated security solution. As we move forward to build a fully integrated security business, our new board members’ knowledge and experience will help us focus on the most promising acquisitions and growth opportunities.”

Lloyd G. Trotter became Managing Partner of GenNx360 Capital Partners after a nearly 40-year career with General Electric (NYSE: GE) capped by his being appointed a vice chairman of the company in August 2006.

As a vice chairman of GE and president and chief executive officer of GE Industrial, Trotter was responsible for a $28 billion business with nearly 80,000 employees worldwide. GE Industrial, comprised of GE Consumer & Industrial and GE Enterprise Solutions, provides a broad range of products and services throughout the world, including appliances, lighting and industrial products, factory automation systems, security and sensor technology, along with equipment financing, management, and operating services.

Prior to this role, Mr. Trotter was executive vice president of Operations where he led efforts to improve operational excellence across GE's businesses. From 2004 to 2006 he served as president and chief executive officer of GE Consumer & Industrial, a role he assumed following the 2004 merger of GE's Consumer Products, Industrial Systems, and Supply businesses.

Mr. Trotter was a founding member of GE's African-American Forum and is actively involved in professional and community organizations. He represented GE for America's Promise, an organization aiming to increase volunteerism in support of youth. He has served on the boards of the National Association of Manufacturers (NAM), the National Action Council for Minorities in Engineering (NACME), the National Electrical Manufacturers Association (NEMA), and the GE Foundation. He is currently on the board of Pepsico.

Mr. Trotter graduated from Cleveland State University with a bachelor's degree in Business Administration, and in 2001 the school awarded him an honorary doctorate degree. He has also been awarded an honorary doctorate degree from the school of business at North Carolina A&T.

Most recently, Mr. Boyda held the position of president and CEO of GE Security, a $2 billion global business focused on communication and information technologies for security, safety and lifestyle enhancements. GE Security was initially formed through General Electric’s acquisition in 2002 of Interlogix, Inc., where Boyda served as president, CEO, and director.

While at Interlogix, Inc. and predecessor company SLC Technologies, Inc., Boyda defined and led the formation of today's GE Security business by engineering the merger and acquisition of more than 40 companies over a period of 15 years. This tremendous undertaking created what is now a multi-billion dollar wholly owned subsidiary of the General Electric Company (NYSE:GE).

In 2006, Boyda was inducted into the SSI (Security Solutions International) Security Industry Hall of Fame, a lifetime achievement award that recognizes individuals whose distinguished careers have helped shape the security industry.

Mr. Boyda received an A.B. degree in Government from Harvard College and an MBA from the Harvard Graduate School of Business.

Rena Clark is a Partner at GenNx360 Capital Partners and joined the firm in 2007. She brings over 20 years of general management and entrepreneurial experience to GenNx360 GVI Holding, Inc.

Prior to joining GenNx, Rena led a distressed middle market manufacturing company’s turnaround as CEO and President; the firm was eventually successfully divested to a strategic acquirer. In addition, she was responsible for creating a profitable standalone operating company carved out from a large international corporation in the specialty chemicals industry partnering with a private equity sponsor.

Clark has also served as vice president for the Kraft Sports Group (the New England Patriots) where she oversaw all corporate giving and strategic partnerships and initiatives with the organization’s top corporate sponsors. She has also served as the director and chief operating officer for Harvard Business School’s MBA Program with responsibility for admissions, financial aid and all student services. Earlier in her career, she gained management consulting experience while working at Bain & Co. and held positions in manufacturing operations at GE.

Clark volunteers with a number of non-profit organizations and was recently honored by the Johnson Publishing Co. for her excellences in the community. She was also recently recognized by the African American students and alumni of Harvard Business School with the alumni award for community service.

Clark earned a B.S. in mechanical engineering with honors from Lamar University and an M.B.A. from Harvard Business School.

David Schuldt has most recently served as a Member of the Board of Directors, and management advisor to Deister Electronics, GmbH, Barsinghausen, Germany, a leading world wide supplier of advanced RFID and security products. Over the past five years, he has also acted as an advisor to several Venture Capital firms as they pursued investments in the security and personal identification markets.

Previously, Mr. Schuldt was the Senior V.P. of SLC Technologies, Inc., a company focused on providing sophisticated electronic security solutions to a worldwide market through its eight operating companies. Mr. Schuldt joined SLC as a result of their purchase of Casi-Rusco, Inc. SLC was subsequently acquired by General Electric in 2002.

From 1990 to 1997, Mr. Schuldt was the President and CEO of Casi-Rusco, Inc., with headquarters in Boca Raton, FL, and 20 field sales and support offices around the world. Casi-Rusco was a leading developer and manufacturer of electronic access control, RF identification and security information systems. Mr. Schuldt, company management and Venture Capital investors purchased this company from Figgie International in 1994 and, after four years of continued rapid sales and profit growth, successfully sold it to SLC Technologies where he continued with the company in the senior corporate role described above.

Prior to his term at Casi-Rusco, Schuldt served as President and principal founder of DTI Security, Inc., a Silicon Valley based manufacturer of residential and commercial security, fire and access control equipment. In 1988 he sold the company to Cerberus A.G. of Mannendorf, Switzerland.

Mr. Schuldt has an undergraduate Electronic Engineering degree, as well as an M.B.A. from Florida State University, and has been a member of numerous professional associations including the Electronics Association of California, American Electronics Association and the Security Industry Association

Steven Walin has been Chief Executive Officer of GVI Security Solutions since 2006. Walin has over 20 years of experience in the security industry. Most recently, from April 2003 until his appointment as GVI CEO, Walin served as the President of GE Security Enterprise Solutions, a division of the General Electric Company that provides security solutions, including video monitoring, intrusion and access control systems. Prior to his employment with GE, from July 2001, Mr. Walin served as the Senior Vice President – North America Security for the Security Systems Division of Siemens Building Technologies. Prior to that, Mr. Walin had been the President and Chief Operating Officer of Securities Technology Group, Inc. until it was acquired by Siemens in July 2001. Mr. Walin is currently a director of Trestle Holdings, Inc.

Joseph Restivo became Chief Financial Officer of GVI Security Solutions in 2006 and was named Chief Operating Officer in 2007. Before coming to GVI, Mr. Restivo was an independent business consultant providing services in the areas of financial and business planning, turnaround assistance and operational management support. Prior to that time, from January 2000 until January 2002, Mr. Restivo served as the Vice President, North American Services and Business Development, for the Security Systems Division of Siemens Building Technologies. In addition, from 1990 until 1999, Mr. Restivo held numerous positions with Casi-Rusco (subsequently acquired by General Electric), a developer and manufacturer of large-scale access control systems, including Chief Financial Officer and Chief Operating Officer.

 

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