DirectView Technology Group, Inc. Negotiates Major Agreement with National Advertising Agency as Stated During Nationwide TeleconferenceLast update: 12/19/2008 8:12:00 AM
Company Announces Audit Firm with Plans to File for Quotation on OTC Bulletin Board
BOCA RATON, Fla., Dec 19, 2008 /PRNewswire-FirstCall via COMTEX/ -- DirectView Technology Group, Inc. (OTCPK: DVWG) a Company focused on ownership and management of leading technology companies, is pleased to announce that the Company is currently negotiating a major agreement with a leading national advertising agency which deals with over 500 clients nationwide and posts yearly billing of over $100 million per year to be its national marketing partner. DirectView Technology Groups' CEO, Mr. Roger Ralston, announced the potential deal during yesterday's nationwide teleconference to update the Company's shareholders and the financial community.
The Company updated the financial community regarding a number of different topics during the teleconference, including its plans to up list to the Over the Counter Bulletin Board. DirectView Technology Group has already started the process of up listing by hiring the auditing firm of Sherb and Company. The auditing firm has commenced the auditing for DirectView Technology Groups subsidiaries. The Company expects to file their application for the Over the Counter Bulletin Board in 2009. Mr. Jeff Robbins was also introduced as COO of DirectView Technology Group. Mr. Robbins will help expand operations for both of the Company's subsidiaries utilizing his experience in the wireless industry with Cellular One, in which he oversaw the installation of their wireless data communications network.
Mr. Ralston describes the Company's acquisition of DirectView Video Technologies as giving the Company a solid foundation. DirectView Video Technologies generates revenue off their well established customer base while continuing to grow and adapt as the video communications industry becomes a more cost effective and attractive alternative to travel expenses in a struggling economy and a desire for a greener world. DirectView Video Technologies list of clients include top tier corporations such as The Trump Organization, which utilizes the Company's video communication products to hold level one and budget type meetings. The Company's other current and past clients include Tropicana, Burger King Corporation, The New York City Police Department, and the CIA, amongst others. Mr. Ralston announced DirectView Video Technologies would move to "piggy back" on Homeland Integrated Security Systems GSA listing to provide products to the government.
DirectView Technology Group's wholly-owned subsidiary, Homeland Integrated Security Systems, touched on several topics during the teleconference. Mr. Brian Riley, COO of Homeland, stated that the previously announced bids for the State of South Carolina's School System and Transportation Department to purchase Cyber Tracker units are being reworked due to the fact the state's expanding its work orders. Homeland expects to receive the updated bid specifications from the State of South Carolina at a future date. Homeland Integrated Security Systems also addressed the Company's plans to enter the multi-billion dollar "Green Market" through its Cyber Trackers fuel saving qualities, as well as a collaboration in developing a revolutionary alternative energy product with an undisclosed company.
During the teleconference, the Company elaborated on the recently announced plan to enter the stolen vehicle recovery market. Mr. Brian Riley, COO of Homeland Integrated Security Systems addressed the product comparison recently posted on the Company's Website. The product Comparison offers insight into the benefits and key features of the Cyber Tracker as compared to the market leader LoJack. According to officers of DirectView Technology Group, Inc., Homeland integrated Security Systems will look to increase its revenue in 2009 through its product listing on GSA and the use of its sister company's technology, DirectView Video Technologies, Inc. to procure larger government contracts.
"We will look to build shareholder value by continuing to acquire companies that will benefit from our leadership and increase our revenue and profitability. The Company is currently comprised of two exciting company's with competitive products that are less expensive to the consumer, easier to install and can be used worldwide. We look forward to uninhibited growth in 2009 as we continue to expand operations," stated Roger Ralston, CEO of DirectView Technology Group, Inc.
To listen to a replay of the Nationwide Teleconference please visit the Company's website.
: About DirectView Technology Group, Inc.: DirectView Technology Group, Inc. (Pink Sheets: DVWG) is a company whose focus is on ownership and management of leading and emerging technology companies. There are currently two companies in its portfolio. DirectView Video Technologies, Inc., a wholly-owned subsidiary of DirectView Technology Group, Inc., is a full-service provider of video, audio, multipoint videoconferencing, document conferencing, data and IP videoconferencing services to businesses and organizations in the United States. The Company distributes award-winning videoconference products and peripherals to organizations such as professional service firms, investment banks, high tech companies, law firms, state and local government agencies, investor relations firms, and other domestic and multinational companies.
Homeland Integrated Security Systems is a technology-based company that with various technologies, which include GPS vehicle and asset tracking and management. The Cyber Tracker technology product line has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies. In addition, the use of satellite technology in conjunction with the Cyber Tracker is under development.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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DirectView Technology Group, Inc. 888-704-8700 or Call Investor Relations + 1-866-THE-APPL(E)SOURCE DirectView Technology Group, Inc.
