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DirectView Holdings Inc. (DIRV)

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Last Post: 6/23/2017 9:51:34 AM - Followers: 214 - Board type: Free - Posts Today: 1

  

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 

 
 
DIRV
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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
#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
#12323   I love this green. None of us no bigcheeze 06/02/17 04:11:24 PM
#12322   Or it could be the numerous promotions pumping Stupkat 06/02/17 03:47:55 PM
#12321   R/S is what is taking this higher. bigcheeze 06/02/17 03:01:05 PM
#12320   Share selling scam! Don't trust DIRV. The company DaWarsBro 06/02/17 11:49:49 AM
#12319   .20 is a ripoff! You guys must have DaWarsBro 06/02/17 11:42:52 AM
#12318   Another green start. Love it ! bigcheeze 06/02/17 09:38:04 AM
#12317   .20 would be a great start $$$ bigcheeze 06/02/17 09:16:13 AM
#12316   CORRECTION: I'd be thrilled w/ .20. carusso 06/01/17 10:26:48 PM
#12315   Interesting! Thanks for sharing.... carusso 06/01/17 10:25:55 PM
#12314   I'd be THRILLED with 8 cents. carusso 06/01/17 10:25:00 PM
#12313   Green days are fine with me. bigcheeze 06/01/17 10:20:01 PM
#12312   So idk how many people have or are Cashman17 06/01/17 09:54:47 PM
#12311   .20? Lmfao. RIPOFF!!! Talk about bs. All that DaWarsBro 06/01/17 04:49:41 PM
#12310   I'm still in. WEEEEEEEE. Today is bigcheeze 06/01/17 02:56:47 PM
#12309   Should get back to .20 at least carusso 06/01/17 02:54:19 PM
#12308   Might want to read this on DIRVD. Split lukin4winners 06/01/17 01:08:29 PM
#12307   DIRVD could be a huge sleeper once we lukin4winners 06/01/17 11:47:21 AM
#12306   DIRVD looks very good once we get feedback lukin4winners 06/01/17 11:26:13 AM
#12305   Sell the pump and thank me later. jimr1717 06/01/17 11:16:32 AM
#12304   Looking strong my friends $$$$$$ good luck on Tha Part Time Er 06/01/17 09:54:18 AM
#12303   DIRVD Promoted as a Strong Buy http://egmprofiles.com/phubDIRVD.html Decarz 06/01/17 09:37:12 AM
#12302   DIRECTVIEW NEWS $DIRV $DIRVD https://directview.com/directview-holdings-prese DIRV 06/01/17 09:25:03 AM
#12301   NEWS IS OUT http://www.nasdaq.com/press-release/directview-holdings-to-present-a DIRV 06/01/17 07:22:28 AM
#12300   Understood. Timing is key bigcheeze 06/01/17 02:12:44 AM
#12299   Yep I got t he promotion email too,,Surge Decarz 06/01/17 12:28:07 AM
#12298   I'd expect an early spike in the morning Tha Part Time Er 05/31/17 11:04:08 PM
#12297   I sold pre split...Just hate a thief I doingfine 05/31/17 09:31:33 PM
#12296   Yep.... he stole everyone's money as I said Kubert 05/31/17 09:14:18 PM
PostSubject