CARROLLTON, Texas - GVI Security Solutions, Inc. (OTCBB: GVIS), a provider of integrated security solutions incorporating access control, detection and surveillance systems, today announced that it has appointed Steven E. Walin as its new chief executive officer effective March 6.
Walin, 50, will join 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.
"We are very excited that Steve has agreed to join us," said Howard Safir, Chairman of GVI. "His vision for GVI is to grow the company into the gold standard of both professional and enterprise solutions in the security industry. His track record is one of complete success in both growing shareholder value and company stability, and he is recognized as one of the leaders in the security industry. His experience at General Electric will serve him well at GVI."
"GVI is one of the industry's leading companies providing dependable products and services in the areas of video surveillance and other integrated security systems. The company is well positioned to capitalize on the growing market for solutions that reduce client's operating expenses while improving their security programs. I look forward to expanding the GVI offering to meet the ever increasing security requirements of our clients," said Walin.
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.
GVI Security Solutions Inc. is a provider of complete video surveillance and security solutions incorporating a complete line of video surveillance, access control and detection systems to the homeland security, professional, business-to-business and retail market segments. GVI provides a strong combination of CCTV, Digital Video Recording, Access Control, Rapid Access Portals, Video IT-Based Networking and Perimeter Control systems that enhance life safety for both government agencies and the private sector. Combined with the new line of Video Threat Detection and PTZ Tracking software, GVI's full service Enterprise Solutions Group provides turnkey solutions and integrated systems for various government, homeland security and Fortune 500 applications. GVI's board and senior management have decades of high-level experience in the security, law enforcement and investment banking communities. The Chairman of the Board is Howard Safir, former New York City Police Commissioner.