Business Services Industry
GVI Security Solutions, Inc. Gives Positive Financial Guidance
Business Wire, April 2, 2007
CARROLLTON, Texas -- GVI Security Solutions, Inc., (OTCBB:GVSS) a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, gives financial guidance for the first quarter of 2007.
"For the first quarter of 2007 we expect to report an operating profit in the range of $400,000 to $500,000 and a net profit in the range of $50,000 to $150,000 after deducting non operating expenses," said GVI Chief Financial Officer Joe Restivo. "During 2006 we developed and began implementing a turnaround plan that called for combining financial restructuring, careful cost controls and discontinuation of non-core business segments with a renewal and strengthening of our agreements with Samsung Electronics to enable restoration of full inventory levels to support sales growth. The ongoing implementation of these initiatives is directly responsible for the profit we expect to report for the first quarter of 2007."
"The profit we expect to report for the first quarter of 2007 is a significant milestone for the company," said GVI Chief Executive Officer Steven Walin. "It demonstrates that the turnaround plan that we put in place during 2006 is beginning to deliver the kind or results that GVI is capable of as we continue to expand our distribution partnership agreements and restore inventory to optimal levels."
About GVI Security Solutions, Inc.
With sales and service representation throughout North and South America, GVI is a leading provider of Samsung Electronics and GVI video surveillance and security solutions. GVI provides equipment, software and services to distributors, security dealers and systems integrators for the Homeland Security and Commercial markets.
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; 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-KSB for the year ended December 31, 2006 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions



