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GVI (GVSS) Shares Trade up 43.6% on Huge Volume Following Announcement
NEW YORK, November 29, 2007 - Shares of GVI Security Solutions Inc. (OTCBB: GVSS) closed yesterday up 43.6% percent at $0.79 on volume of 808,000 shares - over 50 times average daily volume. The volume and price jump followed the joint announcement, earlier in the day, by GVI and Samsung Electronics of a marketing plan to facilitate North American expansion with sales a target of over $100 million by 2010.
The stage for the rally in GVI shares was set Tuesday when the company announced a $15 million financing from Wells Fargo, the nation’s fifth largest bank, at a very favorable prime plus .75% with no convertible features, no warrants, and no resets.
GVI is an undiscovered value and growth opportunity moving forward on a remarkable financial turnaround which has seen their new management team take them from a loss of over $16 million in 2006 to three straight quarters of rising profit now totaling nearly $1 million net income in the first nine months of 2007.