Anv Security Group (OTC BB:ANVS)

SHENZHEN, China, April 1, 2013 /PRNewswire/ -- ANV Security Group (OTCBB: ANVS), a leading developer and global supplier of Internet cloud-based intelligent video and alarm monitoring technology, announces today its year end financial results for 2012.

For the year ended 2012, the Company posted revenues of $185,000, compared with no revenue in 2011, and more than 40,000 subscriber locations registered for its Global Intelligent Eye (GIE) service in China. The Company also announces that 2013 will see significant technological advances for its service offerings, namely affordable intelligent biometric monitoring solutions for its subscribers.

2012 revenues increased YoY from $0 to $185,000. The Company's gross margins improved to 93%. YoY Per share loss increased to $0.12, compared with $0.07 in 2011. Losses can be attributed due to a now-discontinued operation.

"We expect the Company to be profitable by the end of 2013," said Chairman Wilson Wang, adding, "We are currently operating at break even and continue to add new customers every day. Our shareholders will be rewarded with stronger share performance in the coming quarters as we accelerate growth and become profitable while adding new features and services to our product offerings."

By realizing revenues, ANV Security Group is well poised to continue its strong growth in the emerging market of China where it has the first mover advantage. The Company's strong financial performance since it divested of the low margin manufacturing business and focused on its core R&D and service offerings will only continue to improve going forward.

Through the Company's ongoing R&D efforts, in the coming months affordable intelligent biometric monitoring features will be added to the capabilities of the various front end sensors supported on the ANVS system architecture. Those capabilities will include smart recognition of family members for household users and employee confirmation and behavior tracking for businesses. These highly advanced features will no longer be cost prohibitive to the majority of users.

"We achieved several major milestones last year, and are looking for similar success in 2013," commented Mr. Wang. He also added, "Research and Development are the foundation of our business, and it is through these advances that we will continue to attract and retain a larger customer base in both the household and enterprise customer segments."

SHENZHEN, China, March 20, 2013 /PRNewswire/ -- ANV Security Group (OTCBB: ANVS), a leading developer of Internet cloud-based intelligent video and alarm monitoring technology, announces today that its Chinese subsidiary, Global Intelligence Eye (GIE) has signed an agreement to provide its remote monitoring services to international supermarket chain Distribuidora Internacional de Alimentacion, S.A. (Dia) (BAM: DIA, PINK: DIADAF).

With its more than 300 locations in China, Dia now has a powerful management tool to ensure that there is a higher level of organizational awareness and security that should lead to greater profitability for its shareholders.

"Dia is exactly the type of customer we built our platform to service," commented ANVS Chairman, Wilson Wang. Adding that, "With their global presence and hundreds of locations in China, checking in on one, or multiple locations, from anywhere in the world is now a mouse click away."

Since formally launching the GIE service in July 2012, the Company has moved aggressively to sign up large franchise operators in China. Using the service, customers are accessing the highly popular plug & play live video to monitor their businesses on a wide variety of devices, including laptops, tablets, and handhelds. The Company's video compression and delivery method ensure high quality real-time video without delay.

With its tiered management capabilities, the GIE platform allows for the establishment of restricted accesses protocols across a corporate user's organization so that only the most relevant users can remotely view locations directly under their managerial control.

"Our goal is to see more franchise and business owners utilize the GIE platform in China because we put a realistic tool that provides comfort and security into the hands of the key people where it matters the most," said Mr. Wilson Wang.

ANV Security Group's first mover advantage in the China market will continue to ensure that the Company remains the dominant national player in the Internet cloud-based intelligent video and alarm monitoring sector.

On December 10, 2012, ANV Security Group, Inc. (the “Registrant’) dismissed its independent registered public accounting firm, Stan JeongHa Lee, CPA (“Lee”). The reports of Lee on the financial statements of the Registrant for the years ended December 31, 2011 and December 31, 2010 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. The decision to change independent registered public accounting firms was made and approved by the Board of Directors of the Registrant.

During the Registrant’s two most recent fiscal years and the subsequent interim periods through December 10, 2012, there were no disagreements with Lee on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Lee, would have caused it to make reference thereto in its reports on the financial statements for such years.

The Registrant provided Lee with a copy of this Current Report and requested that it furnish the Registrant with a letter addressed to the Securities & Exchange Commission stating whether it agrees with the above statements. A copy of such letter is filed herein as Exhibit 16.1 to this Current Report on Form 8-K.

New Independent Registered Public Accounting Firm.

The Registrant has engaged Canuswa Accounting and Tax Services Inc. as its new independent certified public accounting firm to audit the Registrant’s financial statements effective December 10, 2012. Prior to such engagement, the Registrant did not consult such firm on any of the matters referenced in Regulation S-B Item 304(a)(2).

SHENZHEN, China, August 2, 2012 /PRNewswire-Asia/ -- ANV Security Group Inc. (OTCBB:ANVS) today announced the company's Board of Directors has approved a stock repurchase program. Under the program, ANV Security Group is authorized to repurchase up to 10 million of its outstanding shares of common stock from time to time over the next 12 months in open market or privately negotiated transactions depending on prevailing market conditions and other factors. The repurchase program may be suspended or discontinued at any time. All purchases will be executed in accordance with federal securities regulations.

"At our current market valuation, we feel that the shares of the Company are highly undervalued," said Wilson Wang, Chief Executive Officer and Chairman of ANV Security Group. "We are making excellent progress in rolling out our technology within the China market and expect significant positive financial results in the coming quarters."

As of May 31, 2012, ANV Security Group, Inc. (the “Company”) entered into an Equity and Intellectual Property Rights Transfer Agreement (the “EIPRTA”) to dispose of all of the shares and related intellectual property of its subsidiary ANV Security Technology (China) Co., Ltd. (“ANV Tech”), by transferring the same to a company owned by its former owner and our director, Tingyi Li, for five million RMB (approximately $800,000) payable in three installments; (i) 20% on Closing, and 40% on each of December 31, 2012 and 2013 and (B) the return to the Company of 7,350,000 shares from Tingyi Li and 2,200,000 shares from former owner Zhengwu Pu of the Company’s common stock. At the same time, the Company sold 100% equity interest in ANV Tech’s four subsidiaries back to former owners of these subsidiaries by return to the Company of 8,000,000 common shares from former owners of four subsidiaries.

The Company elected to dispose of ANV Tech and its four subsidiaries, which owns several manufacturing subsidiaries acquired in 2010, because of declining margins in the technology manufacturing business in China and the large amount of capital that had to be dedicated to manufacturing operations. Management believes that the disposal of ANV Tech and its four subsidiaries will free resources to allow the Company to develop its core business of residential, commercial and government security and monitoring systems, primarily in China. Management also believes that the Company will be able to secure the products it needs for its core business from other manufacturers at reasonable prices.

ANV Security Group, Inc.

Consolidated Statements of Operations

(Expressed in US dollars)

(Unaudited)

(The accompanying notes are an integral part of these consolidated financial statements.)

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For the three months ended March 31, 2011, revenue was $4,919,525. Net loss for the period was $367,184. As a result of foreign currency translation adjustment, we benefited by $108,000, therefore our comprehensive loss decreased to $259,184, or $0.01 per basic and diluted shares. There is no comparable period for 2010.

Wilson (Weixing) Wang, ANV Security Group Chief Executive Officer stated, "We are very pleased with first quarter revenues, all of which were driven by the surveillance products and systems. We anticipate the surveillance and security product market in China to continue to expand. We believe the sales force we have, combined with the marketing initiatives we have implemented, will allow us to penetrate new customers."

"As we continue to focus on increasing sales and maintaining a high level of customer satisfaction, we increased inventory levels, all of which will provide our customers with product availability. Throughout the first quarter, my team and I spoke to many customers, including new customers, and I am pleased to announce the initial feedback was extremely positive. We continue to provide current customers with a wide assortment of products and services and penetrate new customers through our sales and marketing initiatives and referrals," concluded Mr. Wang.