DirectView Holdings (OTCMKTS: DIRV) Inks Deal to Provide
Security Solutions for National
Athletic Footwear Apparel Retail Chain.
In an exciting series of events stemming from the Company’s
Roll-up Strategy, DirectView Holdings, Inc. (OTCMKTS: DIRV) is taking the OTC
Markets by storm in the month of March, announcing new, sizable contracts in
2018 through its subsidiary, Virtual Surveillance.
Just last week (OTCMKTS: DIRV) revealed its subsidiary was
selected to provide security infrastructure to a major national athletic
footwear and apparel retail chain.
According to the press release, this new deal includes the
installation of security surveillance equipment at all upcoming locations for
the national retailer. An ongoing service contract for maintenance and
retrofits sweetens the deal, allowing for additional revenue generating duties.
Although the retailer was not named, the press release did, however, reveal
that this specific retailer has approximately 200 newly planned locations. The
retailer has 150 existing locations with surveillance equipment installed, all
of which present opportunities for planned upgrades, additionally.
The press release reveals that the anticipated revenue per
location can range from approximately $7,000 to $18,000 for security equipment
installations. The corporate office and distribution center were quoted at
approximately $70,000 for security equipment installations.
DirectView Holdings, Inc. (OTCMKTS: DIRV), through its
subsidiary, Virtual Surveillance, will be installing its 3mp (1080P) and 4mp
(1520P) fixed dome cameras, bullet cameras, and 360° (fisheye) cameras, and at
some locations, pan-tilt-zoom cameras otherwise known as PTZ cameras. The
comprehensive security bundle was hand-picked by the experienced members to
suite the individual requirements of the retailer.
DirectView Holdings, Inc. (OTCMKTS: DIRV), through its
subsidiary, Virtual Surveillance, will also be installing, programming and
maintaining the “VMS”, otherwise known as "video management systems"
for the company and its locations. The initial maintenance and service
agreement for this prestigious client is for seven years.
According to the press release, the system designed by
DirectView, and provided through its subsidiary, Virtual Surveillance, has the
ability to track Point of Sale (POS) transactions at the check-out counters,
track a number of analytics including counting customers and pointing out the
best placements for displays in-store. It also has the ability to have facial
recognition to track and notify store and loss prevention professionals of
potential threats.
Management feels this opportunity will provide a platform
for its state-of-the-art security and surveillance systems and solutions to be
highlighted at malls and retail locations across the United States. The video
surveillance market, as a whole, is growing at significant speeds and is
expected to reach a substantial level by 2023. Moreover, the (VMS) video
management systems like that which are delivered by DirectView are gaining popularity,
and the sector as a whole is expected to grow at a robust rate in the future.
The Global Video Surveillance Market to Reach $62.62 Billion by 2023, Reports
London based BIS Research.
Roger Ralston, DirectView CEO was quoted as saying: "We
continue to find massive opportunities with current and new clients in the
surveillance camera and VMS space we serve. It is amazing how the market is
evolving and experiencing such rapid growth. There is virtually no vertical
market that cannot use the products and service we sell. DirectView is
currently realizing record sales and increasing profits, and looks to parlay
that into continued growth both organically and through its rollup
strategy."
About DirectView Holdings, Inc.
DirectView Holdings, Inc., (DIRV) 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 websites at http://www.DirectView.com, www.ApexCCTV.com,
www.VS-US.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
Cautionary Statement Regarding Forward Looking Statements
Forward Looking Statements: This press release contains
forward-looking statements that involve a number of risks and uncertainties,
including statements regarding the outlook of the Company's business and
results of operations. By nature, these risks and uncertainties could cause
actual results to differ materially from those indicated. Generally speaking,
any statements using terms such as "will," "expect,"
"anticipate," or "may," or which otherwise predict or
address future results or events, are likely to contain forward-looking
statements. It is important to note that actual results may differ materially
from what is indicated in any forward-looking statement. Readers should
consider any forward-looking statements in light of factors that could cause
actual results to vary. These factors are described in our filings with the
SEC, and readers should refer to those filings, including Risk Factors
described in those filings, in connection with any forward-looking statements.
The Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
Contact:
DirectView Holdings, Inc.
Roger Ralston
+1-212-858-9100 EXT. 111
IR@DirectView.com
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