GVI Reports Record 1st-Quarter Earnings


GVI Security Solutions Inc. attributed record first-quarter
earnings to the introduction of new products and customer-
base growth. At an all-time high of $15 million, GVI’s
first quarter ended March 31 earnings increased 50 percent
from the same time period last year.

The company also generated an operating loss of $300,000,
compared with last year’s $400,000 million during the same
quarter. The loss is attributed to increased selling,
general and administrative expenses.

GVI provides video surveillance and security solutions to
the commercial and government markets and is the exclusive
North American distributor of Samsung CCTV products.

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