2006 (BUSINESS WIRE) -- GVI(R) Security Solutions, Inc. (GVIS) , a leading provider of video security solutions featuring the complete Samsung Electronics line of products and PSA Security Network(R) of Denver, have renewed their relationship which was originally initiated in 2005. The signed joint agreement continues to make the complete line of GVI(R) Professional Security Solutions available to PSA(R) member companies. Also available to PSA members is the new line of Samsung Digital Video Recorders and Samsung Wide Dynamic Video Cameras, effective immediately.
Under the terms of the distribution agreement, the members of PSA Security Network, a group of leading installers, systems integrators and resellers, are able to sell, install and support the full range of GVI Video Security Solutions, Digital Video Recording, and Video IT Based Networking products. PSA Security Network is the world's largest electronic security cooperative with annual sales of over $1.4 billion.
"PSA is pleased to be working with a world class organization like GVI(R) Security. We look forward to teaming our group of leading integrators with them to pursue new opportunities. GVI's Digital, Analog and IP based solutions will provide end users with best-of-class capability and functionality," said Dave Homet, business development officer for PSA.
"PSA Security Network gives us access to some of the most highly respected systems integrators and installers in the country, adding considerable reach to our distribution," said Mike Capulli, vice president of sales for GVI Security, the wholly owned subsidiary of GVI Security Solutions, Inc. He continued, "PSA's standard of excellence in selecting its members insures that our state-of-the-art security solutions will be delivered by the highest quality network of professionals available. This relationship should provide GVI a multimillion dollar new sales channel over the next 12 months."
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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I'm not sure about this one Hustla, it may go a lil longer being such big news. PSA Security Network is the world's largest electronic security business.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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chart bottom and this volume for some days will send it above .10-15 (like july) easily
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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quote:Originally posted by MoneyMoneyMoney: WOW!!!!! Working with PSA which has annual sales of over $1.4 BILLION!!!!!!
Wait till tomorrow and the rest of the week as people find out about this baby!!!
Nice call JimSC.
Thanks, MoneyMM. The insiders bought a lot in the past 4 weeks. GVIS is on her way to the new 52-week high - if you can wait.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
I see how the MM's dropped it right back down without sells coming in. They played a nice head fake today but I will hold and have the patience it takes to win with the MM's.
I flipped and made a few thousand free shares to play with.
Again thanks for the heads up and I look forward to the ride up!!!
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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posted
GVIS: Float - 29 M shares. Due to the low float, GVIS will not run soon because the MMs need to collect shares at bottom for another 6 weeks, many small fake runs expected. Don't bother with Hustla comments.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
bouncing between bb and macd heading to cross 0 - next real test is .09 50dma
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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The accompanying unaudited condensed consolidated financial statements have been presented in accordance with U.S. GAAP, which assumes our continuity as a going concern. However, during the six months ended June 30, 2006 and in the prior fiscal years, we experienced, and we continue to experience, negative cash flow and operating losses, as well as losses from discontinued operations, which have resulted in a significant reduction in our cash balances. These factors raise substantial doubt about our ability to continue as a going concern. Management believes that the Company will need to raise additional capital in the third quarter ending September 30, 2006 to finance operations and sustain our business model. The failure to timely raise adequate funding will most likely result in the cessation of our operations. We may not be able to obtain additional financing on acceptable terms, or at all. If we are successful in securing additional capital, which may be in the form of debt, equity, or some combination thereof, the Company may experience further negative impact on its future profitability and cash flow, due to the costs of obtaining and servicing such capital. Furthermore, any capital transaction may result in substantial dilution to the Company's current shareholders, depending on the nature and terms of the capital raised. "
i really doubt that GVIS is able to run in long term, unless their profitability will change.
Posts: 287 | From: prague | Registered: Jan 2006
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