DirectView Holdings Inc (fka DIRV)

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DirectView Proceeds with Next Phase of Acquisition DirectView Works Diligently On The Next Stages Of The Proposed
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DirectView Proceeds with Next Phase of Acquisition

DirectView Works Diligently On The Next Stages Of The Proposed Acquisition.

NEW YORK, NY -- January 16, 2019 -- 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 management is working diligently on the next stages of the previously announced 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 proposed acquisition is still on schedule and management anticipates closing within the first quarter of 2019.

The acquisition target is a well-established and profitable company, with 2018 unaudited revenues reported in excess of $45 million. The targeted company is anticipated to be the third active wholly-owned subsidiary added to the DirectView Holdings portfolio, joining the ranks of DirectView Security Systems, Inc., Virtual Surveillance and ApexCCTV.

Once added to the portfolio, there are exciting opportunities for DirectView's subsidiaries to work together, develop their products, and exploit operational synergies. DirectView management believes the addition of the targeted company will result in greater buying power, reduced expenses (such as cost of goods sold), grow staff and productivity, and increase revenues and profit.

The targeted company has provided extensive financial documents required and DirectView's CFO, Chris Cutchens, is hard at work, leading the review of the company's financials and related documents provided.


$DIRV