DirectView Holdings, Inc. (OTC Pink: DIRV) is a provider of video surveillance and teleconferencing products and services to businesses and organizations of various sectors. Shares rallied 32% through early trading on Tuesday, July 10, 2018. Over the past month, DirectView Holdings, Inc. has seen an average daily volume of just under 5.5 million shares. However, through Tuesday morning, already 16.1 million shares have been traded, equating to over $120,000 in dollar volume.
Shares jumped on Tuesday morning after DirectView Holdings, Inc. announced that they have seen a surge in new contracts. This includes a $475,000 contract with a $3.7 billion food production company. These recent contracts have put the company on track for record sales in 2018. In addition, DirectView Holdings, Inc. announced that CEO Roger Ralston will discuss the company’s direction and latest news in an interview with Donald Baillargeon on MoneyTV. The interview is scheduled to air worldwide on Friday, July 13, 2018. Here is the full press release detailing the new contracts and upcoming interview:
DirectView Holdings, Inc. Press Release:
NEW YORK, July 10, 2018 /PRNewswire/ — DirectView Holdings, Inc., (OTC:DIRV) (“DirectView” or the “Company”), a company focused on ownership and management of leading video and security technology companies, is excited to announce that the Company is experiencing a surge in new contracts, including a single major order for approximately $475,000 in new revenues.
In addition, the company’s CEO, Roger Ralston, will be on camera this week as the feature focus of an in-depth interview on MoneyTV with Donald Baillargeon, where Mr. Ralston will provide updates on new business, corporate direction, and current market conditions.
The interview will air on Friday, July 13, 2018, appearing on a worldwide distribution footprint across the cable TV and satellite network universe. The program is expected to be available in more than 80 million US homes, as well as 21 Caribbean territories (on CaribVision), 48 million EU homes (on two different major EU networks), and in parts of Asia, including Thailand (on Familyland TV Network). Details on viewing the interview will be released later this week.
On the Company’s current surge in new business, Mr. Ralston commented, “Momentum has been solid as we head into the back half of the year. One particular new client – a publicly-traded, world-leading company in the food production space – has already signed on for a contract worth nearly a half million in fresh revenues. We are on pace for record sales so far in 2018. That grants us greater strategic optionality as well as the capacity to reward shareholders and invest in new organic growth going forward.”
Management notes that the most significant recent contract involves a $3.7B leader in the global food production space. The contract comprises security management for several large production plants with 24/7 operating schedules. These facilities range from a thousand square feet to a million square feet, cumulatively requiring hundreds of surveillance cameras and a vast infrastructure of network video management servers designed by DirectView.
About DirectView Holdings, Inc.
DirectView Holdings, Inc., (DIRV) together with its subsidiaries, provides video surveillance solutions and teleconferencing products 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 websites at http://www.DirectView.com, http://www.ApexCCTV.com, http://www.VS-US.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
Cautionary Statement Regarding Forward Looking Statements
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.