GVI Security and Samsung Electronics Announce North American Expansion Plan
GVI Security Solutions Inc., a provider of video security solutions featuring the complete Samsung Electronics line of products, has announced a new marketing plan to facilitate a major expansion of North American sales during the next three years.
Samsung Electronics will provide $1.5 million in marketing funding for the plan between January 2008 and January 2009 to expand the new GVI Samsung Electronics IP Video Security Surveillance line. The plan calls for a joint GVI Samsung nationwide road show to feature new products and target 2010 sales in excess of $100 million, according to the company.
“With the accelerating video security surveillance market and the transition to video over IP the development and marketing resources of a dominant electronics leader like Samsung Electronics becomes more and more of an advantage,” says GVI CEO Steven Walin. “Samsung’s commitment to devote their resources to drive our expansion in the North American market means that we have not only the products we need to grow, but also the corporate support and marketing strength to help increase our market share over the next three years.”
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