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DirectView Holdings Inc. (DIRV)

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DirectView Holdings, Inc 

Share Structure

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

Acquired 2 Companies 4/27/17:


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 and connect with us on Twitter, LinkedIn, Facebook, and Google+.

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


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. 




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PlusOneCoin Top Posts
#14129   DirectView's Virtual Surveillance To Provide Extensive Security Solution jedijazz 03/22/18 09:37:24 PM
#13513   DirectView $DIRV Sign up to receive news and DIRV 03/19/18 08:46:55 PM
#14130   DirectView Inks Deal With Emerging Top-Tier California CBD jedijazz 03/22/18 09:40:26 PM
#14122  Sticky Note All recent news tk2007 03/22/18 08:44:36 PM
#13527  Sticky Note $DIRV together with its subsidiaries, provides video surveillance resx18 03/19/18 10:18:43 PM
#14214   No thank you. You must not do wrf7629 03/24/18 07:23:23 PM
#14213   Sell the open and thank me later jimr1717 03/23/18 11:54:26 PM
#14212   Had to work today.. could watch $DIRV go Rogue Dead Guy 03/23/18 11:05:25 PM
#14211   Not a bad end to the week! $DIRV Rogue Dead Guy 03/23/18 11:04:50 PM
#14210   In the next couple weeks that and more Ricorich 03/23/18 08:34:40 PM
#14209   with low floater it can go higher could GS1 03/23/18 08:20:21 PM
#14208   Hopefully we'll past that. Cheers! $$$ DIRV $$$ Ricorich 03/23/18 08:19:03 PM
#14207   low float .03+ next week possible GS1 03/23/18 08:15:47 PM
#14206   will be adding 2M Monday at open GS1 03/23/18 08:13:25 PM
#14205   I know we have a winner here and DuctHammer 03/23/18 07:19:08 PM
#14204   Hey don't worry, float is locked and I'm Ricorich 03/23/18 06:59:30 PM
#14203   That's a party DuctHammer 03/23/18 06:25:37 PM
#14202   He-she needs it for the beer over the Ricorich 03/23/18 06:24:46 PM
#14201   $.25 Target Computerbux 03/23/18 05:51:35 PM
#14200   Isn't a T trade another way of trading DuctHammer 03/23/18 05:49:21 PM
#14199   I'm an amateur so I don't understand why DuctHammer 03/23/18 05:36:30 PM
#14198   $$$ DIRV $$$ for all the good stuff Ricorich 03/23/18 05:32:11 PM
#14197   Is it from within the company? DuctHammer 03/23/18 05:29:09 PM
#14196   Huge DuctHammer 03/23/18 05:26:02 PM
#14195   Those were form T-trades. No after hours in Theodore Vail 03/23/18 05:25:59 PM
#14194   $$$ DIRV $$$ is the stock to own Ricorich 03/23/18 05:24:23 PM
#14193   Big costly mistake. No Direct vision DuctHammer 03/23/18 05:24:19 PM
#14192   He's going to regret it later when he-she Ricorich 03/23/18 05:22:50 PM
#14191   Someone dumped almost a million shares after closing. DuctHammer 03/23/18 04:51:35 PM
#14190   new support above .015! Love the way she ManBearPig-ish 03/23/18 04:15:46 PM
#14189   Not a bad day, even with a bad Frumunda 03/23/18 04:14:26 PM
#14188   Could see a gap up next week! budfoxhub 03/23/18 03:49:06 PM
#14187   lookin good lunarmarket 03/23/18 03:47:04 PM
#14186   We may see a one month high closing zigzagman 03/23/18 03:44:47 PM
#14185   We wil get there $$$ DIRV $$$ Ricorich 03/23/18 03:23:32 PM
#14184   Need to hit the .0190 Chasgo68 03/23/18 03:19:28 PM
#14183   Could only grab 30,360 today oh well more soon Chasgo68 03/23/18 03:15:22 PM
#14182   nice! budfoxhub 03/23/18 03:08:38 PM
#14181   Just slapped it Chasgo68 03/23/18 03:01:11 PM
#14180   New high of day! +18.46% at .0154 zigzagman 03/23/18 02:50:25 PM
#14179   $$$ DIRV $$$ Weeeeeeeeeeeeeeeeeeeee Ricorich 03/23/18 02:49:12 PM
#14178   If things go the way I know they DuctHammer 03/23/18 02:48:44 PM
#14177   0154 ready for some slaps! budfoxhub 03/23/18 02:45:04 PM
#14176   Wow! so u serious huh, okay $$$ DIRV $$$ Ricorich 03/23/18 02:44:53 PM
#14175   $DIRV ready breakout mode ! GS1 03/23/18 02:43:54 PM
#14174   +15.38% at .015 now! zigzagman 03/23/18 02:43:12 PM
#14173   When i do I will share the pick ;) DuctHammer 03/23/18 02:39:58 PM
#14172   I dare you! C'mon do it do it Ricorich 03/23/18 02:35:02 PM
#14171   Looking good meads2320 03/23/18 02:30:41 PM
#14170   I'm going to tattoo the DIRV symbol on DuctHammer 03/23/18 02:26:05 PM
#14169   Join us, dollar land on the direct Ricorich 03/23/18 02:17:19 PM
#14168   $$$ DIRV $$$ I am staying long here, Ricorich 03/23/18 02:14:48 PM
#14167   Whoa $DIRV swift L2 shift. Looks good here Blockchain 03/23/18 01:58:07 PM
#14166   It would be great to see a strong Let's Roll 03/23/18 01:53:06 PM
#14165   +13.08% looks good for a push budfoxhub 03/23/18 01:44:59 PM