Press Release Source: GVI Security Solutions, Inc.
GVI Security Solutions Secures Casino Project In Puerto Rico Tuesday November 7, 8:00 am ET
CARROLLTON, Texas--(BUSINESS WIRE)--GVI Security Solutions, Inc. (OTCBB:GVIS - News), a leading provider of video security solutions featuring the complete Samsung Electronics line of products, today announced that it has been selected to provide security solutions for the largest casino in Caguas, Puerto Rico, expected to be completed in December 2006. ADVERTISEMENT
Under the terms of the contract, GVI will provide the Airport Shops and Hotels Corporation of Casino Real in Caguas, Puerto Rico with GVI's finest video surveillance products, integrated with its access control and matrix systems. The features of the system will include smart dome cameras with high zoom ratios, ultra high-resolution day-night series CCD cameras, high impact dome cameras, digital video recorders and matrixes that allow multiple signals to be transmitted simultaneously across a single video channel.
The first phase of the project is expected to generate $400,000 in sales for GVI and be completed in December 2006. Future additions to the project are to include security solutions for a 500 car garage and 12,000 square feet of gaming floor.
GVI has provided video surveillance solutions for a variety of environments in Latin America including ports, jails, banks, loss prevention applications, mass transportation (Metro Stations), government facilities and casinos.
"GVI is fortunate to have partnered with some of the most successful distributors and system integrators in Latin America and the Caribbean," said Fernando Tomasiello, senior vice president of sales for GVI Security Solutions, Inc. "These relationships have allowed us to win some of the most important projects in the international market as continues to expand its market reach."
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.
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; 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; 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-KSB for the year ended December 31, 2005 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Contact: For GVI Security Solutions Esra Kahraman, 972-245-7353
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