|
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
From the Wires
GVI Security Solutions Board of Directors Authorizes $1,000,000 Stock Repurchase Plan
By: Business Wire
Dec. 3, 2008 11:18 AM
GVI Security Solutions, Inc., (OTCBB: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, today announced that its Board of Directors has approved the repurchase of up to $1,000,000 of its common stock reflecting the company’s commitment to enhancing shareholder value. All actual purchases of common stock to be made under the Plan will be made as deemed appropriate by the Company and in accordance with rules imposed or consents required by external regulatory or other organizations. “Recent market uncertainty has created opportunities where buying back the company’s shares is an attractive use of capital,” said Steven Walin, GVI Chairman and CEO. “We feel that the company’s shares are undervalued, and establishing a stock repurchase plan at this time is in the interest of maximizing shareholder value.” About GVI Security Solutions, Inc. GVI Security Solutions, Inc. (OTCBB: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems. 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; 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.
Latest Cloud Developer Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week Breaking Cloud Computing News
|
|||||||||||||||||||||||||||||||||||||||||||||||||||