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$DIRV NEW YORK, December 17, 2018 /PRNewswire/ --

DirectView Holdings, Inc. (DIRV) ("DirectView" "We" or the "Company"), a company focused on ownership and management of leading video and security technology companies, today announced that it has entered into a nonbinding letter of intent (LOI) to acquire 100% of the business assets of a nationwide New York based security, surveillance and low voltage supply company (the "Target Company") for a combination of cash, debt and stock subject to change (the "Acquisition"). DirectView is currently conducting due diligence and has entered into discussions with funding sources to arrange the financing necessary to facilitate the transaction. The Target Company's business has achieved Non-GAAP unaudited revenues of approximately $45 million to date in 2018 and is operationally profitable. Upon satisfaction of the financing requirements and the Company's due diligence and evaluation DirectView plans for the Target Company to become a wholly owned subsidiary of DirectView Holdings, Inc.

https://www.nasdaq.com/press-release/directview-signs-letter-of-intent-to-acquire-a-privately-held-nationwide-new-yorkbased-security-20181217-00441