SOURCE: GVI Security Solutions, Inc.

May 30, 2007 09:30 ET

GVI Security Solutions, Inc. Appoints Chris Young Vice President of Finance

CARROLLTON, TX--(Marketwire - May 30, 2007) - GVI Security Solutions, Inc. (OTCBB: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, appointed Chris Young as Vice President of Finance.

"Now that we have successfully turned around the company and achieved profitability in the most recent quarter, we have brought in Chris Young to manage the day-to-day operations of our finance and IT departments so that I can devote more time to growing the core business and driving our plans to take GVI's success to the next level," stated GVI CFO Joe Restivo. "Chris has a great background at i-2 Technologies and GE Capital and we are pleased to welcome him to GVI."

Prior to his appointment as Vice President of Finance at GVI, where he will be responsible for managing the daily operations of the Finance and IT/IS departments, Chris Young served as the Director of Corporate Finance and Accounting for i-2 Technologies. He was responsible for performing financial controller duties for corporate groups including Research and Development, Marketing, HR, an India Resource Group, Legal, IT and F&A. Previously, Mr. Young worked for GE Capital as the Finance Operations Manager. At GE, he was responsible for financial oversight, which included income forecasting, expense management, accounts payable and accounts receivable.

Chris Young has a Masters of Business Administration Degree from the University of Illinois and a Bachelor of Arts Degree in Finance from the University of Kentucky. He is also a Certified Public Accountant.

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: ability to continue as a going concern; uncertainty of profitability; reliance on primary supplier; 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, 2006 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.

Contact Information

  • Contact:
    GVI Security Solutions
    Esra Kahraman-Pope