GenNx360 Capital Partners and GVI Security (OTCBB: GVSS) Close Tender Offer

GenNx360 Capital Partners, a leading global private equity firm focusing on middle market opportunities, and GVI Security Solutions, Inc., (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung line of products, recently shared the official closing of the tender offer by GenNx360's acquisition vehicle, GenNx360 GVI Holding,  and its wholly-owned subsidiary, GenNx360 GVI Acquisition Corp. for all of the outstanding shares of common stock of GVI.

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Continental Stock Transfer & Trust Company, the Depositary for the tender offer, has advised GenNx360 that, as of the expiration of the offering period at midnight, New York City Time, at the end of the day on Tuesday, December 8, 2009, a total of approximately 26,472,492 shares representing approximately 97.02% of the currently outstanding shares had been validly tendered and not withdrawn. All validly tendered shares have been accepted for payment and Purchaser either has already paid or will pay for all such shares promptly.GenNx360 and GVI also announced today that Parent has acquired all of the remaining outstanding shares of common stock of GVI by means of a short-form merger under Delaware law. As a result of the merger, any shares of common stock of GVI not tendered have been cancelled and (except for shares held by Parent or its subsidiaries, or shares for which appraisal rights are properly demanded) converted into the right to receive the same $0.3875 per share, net to the seller in cash, without interest and less any required withholding taxes, that was paid in the tender offer. Following the merger, the shares of common stock of GVI will cease to be traded on the OTC Bulletin Board."

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