FORT LAUDERDALE, Fla., Sept. 15, 2008 (GLOBE NEWSWIRE) -- Aventura Holdings, Inc. (OTCBB:AVNT) through its wholly owned subsidiary Video Stream, Inc. engages the video surveillance market which is one of the nation's fastest growing industry groups.
ABI Research believes that the video surveillance market is poised for explosive growth to a remarkable $46 billion in 2013. Homeland Security Research, a market research company, predicts that homeland security industry spending will grow to $170 billion per year by 2015.
Technology in this sector is evolving at warp speed and Video Stream is positioned to become a leader.
Since Sept. 11, 2001, the U.S. Department of Homeland Security and its agencies have paid private contractors at least $130 billion, an analysis of federal databases shows. The top ten contractors won at least $65 billion, or roughly half, of that. General Electric's InVision heads the list followed by the likes of IBM, L-3 Communications and Honeywell, according to a computer analysis of federal contract awards and based on conservative estimates from the Federal Procurement Data System. The other half or roughly $65 billion was awarded to more than 3,200 firms.
Other government agencies, from the Defense and Justice Departments to county governments across the USA, are also pouring money into the same market. In fact, Homeland Security receives just half of the federal government's spending on such projects, according to US budget documents. Additionally, private companies are also spending big to protect themselves.
To form the basis of future workings with security dealers and integrators, Video Stream products unify video surveillance analog and internet protocol (IP) worlds thereby enabling higher resolutions, convergence onto existing IP cabling infrastructure, eases routing over long distances especially on multi-building sites, reduces space requirements, enables progressive scanning rendering clearer images, supports different streaming media and compression formats to relieve transmission bandwidth and data storage requirements (MJPEG, MPEG4, H.264) and provides a thin transport layer for remote storage. Most important, if the network is unified, it can be managed from one place.
About Aventura Holdings, Inc.
Through its wholly owned subsidiaries, Aventura Holdings provides enterprise video streaming and surveillance products and custom infrastructure solutions. Additional information can be found on the Company's website: www.Aventura-Holdings.com
Safe Harbor
This press release may contain "forward-looking statements." Although Aventura Holdings, Inc. believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Aventura Holdings, Inc. assumes no obligation to update those statements to reflect actual results, changes in assumptions and other factors. The forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those projected. Additional information that could lead to material changes in performance is contained in filings with the Securities and Exchange Commission.