GenNx360 GVI Holding, Inc. and GenNx360 GVI Acquisition Corp. Announce Commencement of Tender Offer for Shares of GVI Security S
04 November 2009 - 9:51AM
PR Newswire (US)
NEW YORK, Nov. 3 /PRNewswire/ -- GenNx360 GVI Acquisition Corp.
today announced that it has commenced a tender offer for all of the
common stock of GVI Security Solutions, Inc. (OTC:GVSS) (BULLETIN
BOARD: GVSS) , at a purchase price of $0.38 per share, net to the
seller, in cash. The tender offer is being made pursuant to an
agreement and plan of merger, dated October 21, 2009, among GVI
Security Solutions, Inc., GenNx360 GVI Holding, Inc. and its
wholly-owned subsidiary, GenNx360 GVI Acquisition Corp. The tender
offer is scheduled to expire at 12:00 midnight, New York City time
at the end of Thursday, December 3, 2009, unless extended. Winston
& Strawn LLP is acting as legal counsel to GenNx360 in
connection with the tender offer. MacKenzie Partners, Inc. is the
Information Agent for the tender offer. Continental Stock Transfer
& Trust Company is the Depositary for the tender offer. For
further information, please contact MacKenzie Partners, Inc. at
(800) 322-2885. GenNx360 GVI Acquisition Corp. is an indirect
wholly-owned subsidiary of GenNx360 Capital Partners. Each of
GenNx360 GVI Holding, Inc. and GenNx360 GVI Acquisition Corp. was
formed for the purpose of entering into a business combination
transaction with GVI Security Solutions, Inc. and has not carried
on any business activities other than in connection with the tender
offer and proposed merger. The description contained in this press
release is neither an offer to purchase nor a solicitation of an
offer to sell securities. GenNx360 GVI Acquisition Corp. and
GenNx360 GVI Holding, Inc. have filed a Tender Offer Statement with
the U.S. Securities and Exchange Commission. THE TENDER OFFER
STATEMENT (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF
TRANSMITTAL AND OTHER OFFER DOCUMENTS) AND THE
SOLICITATION/RECOMMENDATION STATEMENT CONTAIN IMPORTANT INFORMATION
WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH
RESPECT TO THE OFFER. The Offer to Purchase, related Letter of
Transmittal and certain other offer documents, as well as the
Solicitation/Recommendation Statement, are being mailed to all
stockholders of GVI Security Solutions, Inc. at no expense to the
stockholders. The Tender Offer Statement (including the Offer to
Purchase, the related Letter of Transmittal and all other offer
documents filed with the Commission) and the Solicitation/
Recommendation Statement are also available for free at the
Securities and Exchange Commission's Web site at
http://www.sec.gov/. Investors and security holders are strongly
advised to read both the tender offer statement and the
solicitation/recommendation statement regarding the tender offer
referred to in this press release because they contain important
information. DATASOURCE: GenNx360 GVI Acquisition Corp. CONTACT:
Matthew Guenther, GenNx360 GVI Acquisition Corp., +1-212-257-6776;
or Joseph P. Doherty, MacKenzie Partners, Inc., +1-212-929-5500, or
+1-800-322-2885
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