SureTrader Nadex Advertisement Interactive Brokers Advertisement SureTrader
Home > Boards > US OTC > Computers - Hardware >

DirectView Holdings Inc. (DIRV)

DIRV RSS Feed
Add DIRV Price Alert      Hide Sticky   Hide Intro
Moderator: DIRV
Search This Board: 
Last Post: 5/24/2017 1:24:19 AM - Followers: 221 - Board type: Free - Posts Today: 2

  

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 

 
 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
DIRV
Current Price
Volume:
Bid Ask Day's Range
DIRV News: Quarterly Report (10-q) 05/23/2017 10:29:49 AM
DIRV News: DirectView's Newly Acquired ApexCCTV Chosen for Exclusive Marketing of a Select Group of Samsung Surviellance Products Valued... 05/19/2017 09:27:47 AM
DIRV News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/16/2017 04:31:55 PM
DIRV News: Current Report Filing (8-k) 05/15/2017 06:08:42 AM
DIRV News: DirectView CEO Interviewed by CEOLive - Provides Updates On Recent Acquisitions, Vertical Markets Covered and Company Direction 05/11/2017 08:18:25 AM
News News Alert: Quarterly Report (10-q) 05/23/2017 10:29:49 AM
PostSubject
#12249   Did the Mrs give the Mr a million klouis 05/24/17 01:24:18 AM
#12248   Actually it was your DD that pointed out bigcheeze 05/24/17 12:27:14 AM
#12247   You guys couldn't be more obvious in your pump DaWarsBro 05/23/17 10:52:23 PM
#12246   Dirv making moves to create value (cleaning closet) bigcheeze 05/23/17 08:22:12 PM
#12244   Thanks DIRV for the useless post: Company operators tradeya 05/23/17 10:47:31 AM
#12243   There is an ever-growing need for the security DIRV 05/23/17 09:47:33 AM
#12242   DirectView is working hard daily to improve shareholder sick nam vet 05/23/17 08:45:25 AM
#12241   No it's 1:200. It's a ratio that means DaWarsBro 05/22/17 09:56:15 PM
#12240   That would be 60 cents post RS. carusso 05/22/17 09:52:04 PM
#12239   Who cares what they do....rs after news dropped...lousy doingfine 05/22/17 03:23:30 PM
#12238   Waiting for trips again....Will look at it again doingfine 05/22/17 03:15:53 PM
#12236   DaWarsBro, it is actually 200:1. 200 to 1. G33k3r 05/22/17 02:24:55 PM
#12235   yep I do, from tdam and can't trade kirk4 05/22/17 01:52:35 PM
#12234   yep I do, from tdam and can't trade kirk4 05/22/17 01:51:40 PM
#12233   Etrade can take over a week. You're slef 05/22/17 01:15:50 PM
#12232   R/S 200 shares = 1 share , I tamtam84 05/22/17 01:11:43 PM
#12231   https://www.otcmarkets.com/stock/DIRVD/quote Market Spy 05/22/17 12:59:34 PM
#12230   there where a split . emailcheque 05/22/17 11:58:45 AM
#12229   holding .18 up 125%, but shares not split kirk4 05/22/17 11:53:58 AM
#12228   My E*TRADE still hasn't switched over yet Cashman17 05/22/17 11:52:41 AM
#12227   It's not 200:1, it's 1:200. DaWarsBro 05/22/17 11:51:09 AM
#12226   Anyone have a weird ticker symbol on their DaWarsBro 05/22/17 11:49:47 AM
#12225   Thank you Cashman17 05/22/17 11:43:17 AM
#12224   200:1 G33k3r 05/22/17 11:37:39 AM
#12223   Any body know what ratio the r/s was Cashman17 05/22/17 11:23:11 AM
#12222   Why is it not trading? kirk4 05/22/17 11:14:55 AM
#12221   you also forget to add that the company zeekhoe 05/22/17 10:42:56 AM
#12220   DirectView is working hard daily to improve shareholder DIRV 05/22/17 10:32:17 AM
#12219   ANTI DILUTION CLAUSES?? badbadbad 05/22/17 09:29:46 AM
#12218   likewise bro badbadbad 05/22/17 09:20:09 AM
#12217   The only good thing about this years reverse doogdilinger 05/22/17 08:54:08 AM
#12216   The reverse split has already occurred doingfine...new symbol doogdilinger 05/22/17 08:52:48 AM
#12215   DIRVD .02 on bid premarket here doogdilinger 05/22/17 08:51:56 AM
#12214   lmfao gotta call em as we see em doogdilinger 05/22/17 08:50:45 AM
#12213   Check out DirectView's recent news. DirectViews plan DIRV 05/22/17 08:24:10 AM
#12212   RS .... DIRV on $0.08 when the market open. Chingga 05/22/17 06:29:06 AM
#12211   Moderator, please post the latest earnings report here. carusso 05/22/17 03:54:57 AM
#12210   FINRA link verifying it is happening was posted DaWarsBro 05/22/17 02:40:30 AM
#12209   Actually, wheres proof a rs is coming? doingfine 05/21/17 08:33:57 PM
#12208   This stock booms to .003 even with R/S DaWarsBro 05/21/17 08:27:49 PM
#12207   Very true..Maybe he cancels it but likely not doingfine 05/21/17 06:18:17 PM
#12206   Well I never even thought of Apple or angelo2112 05/21/17 06:04:34 PM
#12205   Yes, weren't they due 5/20? carusso 05/21/17 04:09:46 PM
#12204   Yes, weren't they do 5/20? carusso 05/21/17 04:09:06 PM
#12203   yup. btw, am i rubbing (bashing) off on badbadbad 05/21/17 03:17:39 PM
#12202   Check on this scam in the Fall...rs tomorrow doingfine 05/21/17 11:32:46 AM
#12201   where's the fins? kirk4 05/21/17 09:30:21 AM
#12200   "Attention buyers, party of zero, your write offs jimr1717 05/21/17 07:53:20 AM
#12199   Sometimes 20 days carusso 05/20/17 07:58:59 AM
#12198   When these pos-land turds reverse split each and doogdilinger 05/20/17 07:46:38 AM
PostSubject