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DirectView Holdings Inc. (DIRV)

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Last Post: 8/17/2017 4:35:38 PM - Followers: 206 - 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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DIRVD News: DirectView Holdings to Present at the 6th Annual SeeThruEquity Microcap Investor Conference 06/01/2017 08:23:56 AM
DIRVD News: DirectView Successfully Completes Reverse Stock Split As Part Of Its Corporate Growth Strategy - Effective May 22, 2017 05/26/2017 09:45:24 AM
PostSubject
#12375   Since the May 22nd reverse merger DIRV has Inorout 08/17/17 04:35:38 PM
#12374   Because the ceo is a known scammer, spending CountryMac1 08/17/17 02:00:03 PM
#12373   DIRV needs alot of help. 2 R/S in b4ucry 08/17/17 01:45:28 PM
#12372   DIRV has underperformed its Security Systems & Services igornatik 08/17/17 10:42:51 AM
#12371   Welcome new bag holders, the next reverse split jimr1717 08/16/17 08:45:35 PM
#12370   Tons of buying on good news, brokerbobl 08/16/17 06:40:33 AM
#12369   Tons of selling on good news. New low. Monroe1 08/15/17 08:27:02 PM
#12368   BIG NEWS FROM DIRECTVIEW -- $DIRV -- https://directview.com/directviews-virtu DIRV 08/15/17 01:12:08 PM
#12367   new Press Release out about a new LOI ZumbaMami 08/15/17 09:56:26 AM
#12366   I just pulled my pants down wash21263 08/14/17 09:52:48 PM
#12365   https://www.facebook.com/DirectViewHoldings/?hc_ref=ARTDIyF815f72X81jiTemXv0_sX0 DIRV 08/11/17 09:36:28 AM
#12364   You guys are con artist POS Cashman17 08/10/17 12:07:19 PM
#12363  Restored Roger Ralston is a scammer is a scum igornatik 08/09/17 10:05:38 PM
#12361   This is a pos Cashman17 08/08/17 12:19:23 PM
#12360   flashing down the toilet igornatik 08/08/17 11:26:53 AM
#12359   Who bought 73 shares....jesus christ! wash21263 08/07/17 12:03:58 PM
#12358   Well poked it with a stick didn't budge Cashman17 08/04/17 02:49:00 PM
#12357   Has the next Reverse~Split been announced yet. Or jimr1717 08/03/17 05:33:37 PM
#12356   This board is a cemetery. The only board Nogabev 08/02/17 12:42:40 PM
#12355   Lots of trades past couple days news coming ??? Cashman17 08/02/17 08:26:12 AM
#12354   What else is going on. For example COYN?? Nampo 07/31/17 06:34:25 PM
#12353   Resistance at 38 after that we jump hard imo Cashman17 06/27/17 01:27:42 PM
#12352   DirectView NEWS IS OUT https://directview.com/directview-completes-installati DIRV 06/27/17 10:34:23 AM
#12351   $DIRV NEWS IS OUT https://directview.com/directview-completes-installation-up DIRV 06/27/17 10:33:46 AM
#12350   Stock headed back to trip zer0s. Short the DaWarsBro 06/26/17 12:07:52 PM
#12349   This company is a SCAM. The company woofed DaWarsBro 06/26/17 12:05:38 PM
#12348   I recommend everyone join Nampo 06/25/17 06:46:21 PM
#12347   $DIRV is a completely new company as of DIRV 06/25/17 04:16:32 PM
#12346   Down 25% yesterday and 26% today. We need Nampo 06/23/17 09:51:33 AM
#12345   Inorout's asking the right questions. I'd imagine that Okronkro 06/22/17 11:31:01 AM
#12344   Bodyscameras jimr1717 06/22/17 11:14:06 AM
#12343   What happened to the bodycameras is there going Logic1 06/21/17 03:57:01 PM
#12342   I was reading about this announced acquisition and Inorout 06/20/17 10:51:56 PM
#12341   News. Timber. New low. klouis 06/20/17 12:19:12 PM
#12340   garbage news - no mention of the reverse zeekhoe 06/20/17 09:17:01 AM
#12339   NEWS IS OUT $DIRV www.prnewswire.com/news-releases/directviews-ceo-issues-mid DIRV 06/20/17 08:54:09 AM
#12338   I cant see trading info ??? Cashman17 06/16/17 01:20:39 PM
#12337   Looks like another reverse split coming. DaWarsBro 06/16/17 01:05:02 PM
#12336   DirectView is now trading as $DIRV DIRV 06/16/17 10:00:52 AM
#12335   No trading today dirvd, why brokerbobl 06/16/17 10:00:41 AM
#12334   DIRV has lost about 99% of its value Inorout 06/13/17 11:47:04 PM
#12332   What's funny is that DIRV presented at the Inorout 06/13/17 05:54:50 PM
#12331   This stock is GARBAGE! Share selling scam! DaWarsBro 06/10/17 10:23:27 AM
#12330   http://www.wptv.com/news/state/gov-scott-i-absolutely-will-sign-medical-marijuan DIRV 06/10/17 10:02:13 AM
#12329   lolllllllllllllll pure toilet paper garbage bullandbearwinner 06/09/17 03:50:30 PM
#12328   Short the stock! Buy at .05 and sell DaWarsBro 06/06/17 01:48:15 PM
#12327   SCAM!! This stock is garbage. And once this DaWarsBro 06/06/17 01:47:30 PM
#12326   Looking for more green next week. Dirv has bigcheeze 06/03/17 09:13:23 AM
#12325   Bingo jimr1717 06/02/17 08:49:46 PM
#12324   And right after a rs...Obvious scam. CEO is doingfine 06/02/17 07:06:55 PM
PostSubject