Replies to post #11014 on DirectView Holdings Inc (fka DIRV)

[MRCOVENANT]

This is posted in the OTC Market NEWS:
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 entered into a nonbinding letter of intent (LOI) to potentially acquire 100% of the business assets of a Texas based security and surveillance company (the "Target Company") for a combination of $2 million in cash, debt and stock. DirectView is currently conducting due diligence and has entered into preliminary discussions with several potential funding sources to arrange the financing necessary to facilitate the transaction. The Target Company's business achieved Non-GAAP unaudited revenues of $5.3 million in 2016 and was operationally profitable.


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