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DirectView Holdings Inc. (DIRV)

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Last Post: 12/13/2017 7:00:59 PM - Followers: 204 - Board type: Free - Posts Today: 0

  

DirectView Holdings, Inc 


Share Structure

Outstanding Shares: 4,988,971 Million as of May 22, 2017



https://DirectView.com/


Acquired 2 Companies 4/27/17:

http://www.apexcctv.com/


http://vs-us.com/


 
 

DirectView Completes Acquisition of Two Privately Held Texas-Based Security and Surveillance Companies with Combined Fiscal 2016 Revenue of Approximately $5.3 Million

Company assumes full legal ownership of Video Surveillance, LLC and ApexCCTV, LLC

 

NEW YORK, NY -- April 27, 2017 -- InvestorsHub NewsWire --  DirectView Holdings, Inc. (DIRV) ("DirectView" or the "Company"), a company focused on ownership and management of leading video and security technology companies, today announced that it has completed the acquisition of Video Surveillance, LLC and ApexCCTV, LLC (the "Acquisition Companies"), two Texas-based video security and surveillance companies operated and solely owned by Mark D. Harris. Based on the unaudited financial statements for fiscal 2016 the combined revenue of the Acquisition Companies is approximately $5.3 million.

Under the terms of the securities purchase agreement (the"SPA"), Directview acquired all of the issued and outstanding equity interests of each of the Acquisition Companies for a minimum of approximately $1.9 million in cash to be paid approximately six months from the date of acquisition. Upon the successful completion of a two year audit of the Acquisition Companies, in accordance with U.S. GAAP accounting standards for the fiscal years ended 2016 and 2015, DirectView will be obligated to pay an additional amount ranging from $2,000 up to $500,000 based on the positive average annual cash flow achieved in those two years. DirectView has received a non-binding term sheet to finance the payments as well as to fuel future growth of the combined companies. The Company also intends to explore a number of potential financing sources to achieve the best long term results for the Company and its shareholders. For a more detailed description of the SPA, please review our current report on Form 8-K filed with the Securities and Exchange Commission on April 26, 2017.

As part of the transaction, Mark D. Harris has entered into a three year employment agreement with DirectView where he will serve as President of the Acquisition Companies. Mr. Harris is a technology services veteran with over 25 years experience and a proven track record of building profitable revenue growth. He served for 19 years at Intervoice (formerly traded as NASDAQ: INTV), a world leader in delivering natural, intuitive ways for people to interact, transact, and communicate through technology. As Senior Vice President of Americas Operations and Global Services at Intervoice, he led a team which was responsible for pioneering the execution of a new Enterprise Hosted Solutions business to support advanced self service applications and intelligent transactions. Beginning in 2008, upon the acquisition of Intervoice by Convergys Corporation (NYSE: CVG), he served as Senior Vice President of Global Technology Services at Convergys Corporation through 2014. He brings a wealth of experience in M&A integration, business development and strategic planning to the Directview management team.

Roger Ralston, CEO and Chairman of DirectView, stated, "The acquisition of these companies is a very exciting transformational event for DirectvVew as we position for current and future growth. Mr. Harris has built two businesses that in less than three years, are generating substantial revenue and, more importantly, positive cash flow. He also has a wealth of technology management experience that will be invaluable for DirectView as we execute our strategic growth plan. With his expertise in establishing a nationwide market presence through direct and online sales and our ability to tailor customized solutions in the marketplace, I believe we have set the stage to achieve significant organic sales growth in the coming years. Additionally, this acquisition gives us the critical mass to opportunistically roll-up other security and surveillance companies in order to further accelerate the growth of our business and build significant long term value for our shareholders."

Mark D. Harris added, I am excited to now be a part of the DirectView team as we work to become a force in our industry by creating a very attractive roll-up platform. Through this combination, all of our companies will benefit from increased bandwidth, greater expertise and more wide ranging sales opportunities. I look forward to implementing the proper business strategies to build our business, both organically, and through prudent acquisitions in order to provide the best solutions in the market for our growing customer base."

About DirectView Holdings, Inc

 

DirectView Holdings, Inc., 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 website at www.DirectView.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.




DirectView is the leading provider of security solutions for the rapidly expanding


CANNABIS INDUSTRY








We understand the special security requirements facing cannabis businesses. Our experience in this area allows us to provide you with the most up-to-date security solutions available to protect your investment. Our solutions are fully customized to your individual security needs. Specially designed security programs can include conventional alarm monitoring; central station surveillance allowing our monitoring specialists to remotely view your location on a real time basis; temperature and light variation monitoring; full entry/access control; or any combination of our broad range of services to give you peace of mind that your investment and assets are completely safe, secure, and well protected. 



9236 CLIENTS

  -  591 SECURITY PRODUCTS  -

19 YEARS IN BUSINESS 

 
 
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PostSubject
#12533   Send them gift cards first. It's that time jimr1717 12/13/17 07:00:59 PM
#12532   Keep an eye on" DIRV " Wednesday's Play:  DIRV, Decarz 12/13/17 03:11:59 AM
#12531   what is the current float and how many RXMD_RIDER 12/11/17 11:15:44 AM
#12530   Exciting news from DirectView $DIRV http://directview.com/directview-releases-au DIRV 12/11/17 09:15:18 AM
#12529   Next reverse split in January? jimr1717 12/07/17 04:53:31 PM
#12528   We can’t wait to see the stock at TheXFactor 12/01/17 01:44:00 PM
#12527   Yeh you right looks like a joke of TheXFactor 11/30/17 07:02:16 PM
#12526   Buyer Beware! Strong sell on this scam TheXFactor 11/30/17 06:04:11 PM
#12525   CEO Or Scammer? http://www.sptimes.com/News/092601/TampaBay/2_get_lighter_senten TheXFactor 11/30/17 06:03:10 PM
#12524   Anyone see this ? http://investorshub.advfn.com/boards/read_msg.aspx?message_id= TheXFactor 11/30/17 06:02:19 PM
#12523   Yes it’s a pure scam and looks like TheXFactor 11/30/17 06:00:10 PM
#12522   This is a pathetic example of a stock TheXFactor 11/30/17 05:59:40 PM
#12521   DIRV buy 0.02350 stocktrademan 11/22/17 10:42:11 AM
#12520   its a pathetic example in my Fidelity account UnderOath-KY 11/21/17 03:04:52 PM
#12519   and i paid good money for my 200,000 shares UnderOath-KY 11/21/17 02:59:48 PM
#12518   why would you suggest that? DIRV is as UnderOath-KY 11/21/17 02:58:39 PM
#12517   Put on Watchlist! Small float and security will Crytek89 11/21/17 01:06:09 PM
#12516   run away, i had 200,000 shares that have UnderOath-KY 11/21/17 10:53:23 AM
#12515   Cause it's a SCAM jimr1717 11/20/17 08:06:28 PM
#12514   Pump today Cashman17 11/20/17 07:10:35 AM
#12513   If investors were UNLUCKY enough to be elkonig 11/16/17 12:39:31 PM
#12512   Why is it DIRVs responsibility to supply the elkonig 11/16/17 12:13:31 PM
#12511   DIRV buy 0.0286 stocktrademan 11/15/17 12:11:10 PM
#12510   DIRV up up and away!!! pumpnass 11/10/17 10:19:47 AM
#12509   They go OTCQB and it’s a wrap! Look pumpnass 11/09/17 07:25:49 PM
#12508   Nice accumulation today X! doogdilinger 11/09/17 03:27:45 PM
#12507   DIRV+OTCQB+FULLY REPORTING= a 200 BAGGER TheXFactor 11/09/17 11:12:18 AM
#12506   Just called the TA, float is actually 7m. TheXFactor 11/09/17 11:11:36 AM
#12505   People cant talk smack about this baby anymore! TheXFactor 11/09/17 11:10:42 AM
#12504   #DIRV BOOM! TheXFactor 11/09/17 11:10:09 AM
#12503   It’s around a 5 mill float here bud. pumpnass 11/08/17 11:36:58 PM
#12502   Have a pump coming here tomooorow Cashman17 11/08/17 05:02:11 PM
#12501   What is the exact share structure? I probably TheXFactor 11/08/17 10:45:36 AM
#12500   Just recently entered the Mj sector. The share pumpnass 11/08/17 10:32:17 AM
#12499   This stock is starting to show some life TheXFactor 11/08/17 10:17:02 AM
#12498   Holding chart getting ready to break out kingsolomon 11/06/17 12:30:27 PM
#12497   DirectView Holdings Inc. (DIRV);-) DrivenByPain 11/02/17 03:36:29 PM
#12496   Nice volume kingsolomon 11/01/17 09:11:03 PM
#12495   Sadly, Yes It Will (DIRV) DrivenByPain 11/01/17 12:23:59 AM
#12494   The tragic events in nyc today will amplify kingsolomon 10/31/17 07:29:33 PM
#12493   TRUMP Is In DIRVs Website Also;-) Proudly Serving DrivenByPain 10/31/17 03:54:07 PM
#12492   it is one of the 25 tallest buildings DrivenByPain 10/31/17 03:51:44 PM
#12491   TRUMP Tower New York Downtown DrivenByPain 10/31/17 03:50:11 PM
#12490   The PPS Will Catch Up With The Contracts DrivenByPain 10/31/17 12:44:55 PM
#12489   DIRV has put out some great News recently! zigzagman 10/31/17 12:07:59 PM
#12488   the Company was able to trump its competitors DrivenByPain 10/31/17 11:46:43 AM
#12487   Great News Today Would Like To Know The DrivenByPain 10/31/17 11:41:10 AM
#12486   It has a history of R/S, that’s why StockLearner2011 10/31/17 10:35:58 AM
#12485   It has a long way to go to Nampo 10/31/17 10:23:36 AM
#12484   This is huge news. DIRV Robertscott 10/31/17 10:21:55 AM
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