DirectView Security Completes Cannabis Facilities Security and Surveillance Installations
The Company provides update on current and prospective installations as a direct result of DirectView's recent strategic partnership agreements
NEW YORK, Sept. 8, 2014 /PRNewswire/ -- DirectView Holdings, Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it has completed two security installations in the Denver, Colorado area and expects to begin work on a third in September pending permit approval. These three installations are a direct result of the Company's recently announced strategic partnership agreements with several companies including Legacy Construction Company of Colorado, LLC., a privately held Colorado-based construction company who specialize in legal cannabis growing and dispensing construction and remodeling projects.
DirectView has installed an initial comprehensive package of security and surveillance equipment at facilities including the installation of IP megapixel security cameras, NVR's and intrusion alarm systems. DirectView anticipates generating approximately $140,000 in revenue upon completion of the three installations. The Company has additional security and surveillance proposals currently undergoing evaluation totaling in excess of $500,000.
Roger Ralston, CEO and Chairman of DirectView, stated, "We are pleased to have completed these initial installations related to our recent strategic partnerships in the cannabis industry. We believe this is only scratching the surface of the potential benefits of partnering with other professionals serving this industry. We look forward to working closely with our strategic partners as we to continue to expand our security presence in this rapidly expanding business vertical. When coupled with our efforts in the education, transportation and hospitality industries, we continue to expand the number and dollar amount of proposals for new business which we anticipate will lead to strong revenue growth in the future quarters and years to come."
About DirectView: DirectView Holdings, Inc., together with its subsidiaries, provides teleconferencing and services to businesses and organizations. The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites. The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements. This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations. For more information visit our website at www.DirectView.com
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Forward Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in our filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
DirectView Holdings, Inc.
Roger Ralston
+1-212-858-9100 EXT. 111
www.DirectViewInc.com
[email protected]
SOURCE DirectView Holdings, Inc.
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