Business Editors/Security Writers/Banking Writers
CARROLLTON, Texas--(BUSINESS WIRE)--July 16, 2008--GVI Security Solutions, Inc. (OTCBB: GVSS), 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 for over 50 branches of the Banco de Guayaquil, one of the largest private banking institutions in Ecuador.
Ã¢â‚¬Å›Our selection by this major Ecuadorian financial institution for its branch network emphasizes our growing success in winning large bank and financial institutions contracts,Ã¢â‚¬Å¥ said GVI Chief Operating Officer Joseph Restivo. Ã¢â‚¬Å›Banks, schools, and retailing continue to be market verticals where our unique combination of outstanding before and after sales service combined with industry leading Samsung products are driving growing contract wins. It is also a reflection of our continuing growth in the Latin American market where our marketing success has made us one of the top three video security brands.Ã¢â‚¬Å¥
Ã¢â‚¬Å›GVI is providing a complete Samsung video surveillance solutions to meet the needs of the Banco de Guayaquil,Ã¢â‚¬Å¥ said Fernando Tomasiello, GVI Senior Vice President Int'l Operations and Sales. Ã¢â‚¬Å›The project features our Samsung SCC-2311 Electronic Day / Night cameras and digital video recorders which makes remote video searching, archiving and management both convenient and practical for deployment across large bank branch networks.Ã¢â‚¬Å¥
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.
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.