DirectView Receives Contract to Install a Comprehensive Security
and Surveillance System for Colorado Cannabis Facility at
Approximately $150,000
Company expects to complete installation in the fourth quarter
of 2015
NEW YORK, NY -- October 6, 2015 -- 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 it has received a contract to complete a comprehensive
security and surveillance installation at a Colorado cannabis
facility, including a large grow house, two dispensaries and
management offices valued at approximately $150,000.00. The Company
expects to complete installation in the fourth quarter of 2015.
The full installation is expected to be completed in the fourth
quarter and will include the DirectView IP megapixel security
cameras, DirectView's NVR video and audio storage server as well as
a access controls and a comprehensive intrusion alarm system. The
Company will also receive recurring revenue from an ongoing
services contract to provide 24/7 alarm monitoring of the entire
facility. The contract was derived from the Company's ongoing
strategic partnership agreement with Cannamor, LLC (Cannamor), a
privately held Colorado based consulting company focused on legal
cannabis growing and dispensing projects.
Roger Ralston, CEO and Chairman of DirectView, stated, We are
excited to win another comprehensive cannabis installation as part
of our exclusive security partnership with Cannamor. We continue to
solidify our position as a trusted source for the security needs of
the Cannabis industry enabling us to win larger installation
contracts like this one. We are also beginning to gain traction in
ongoing alarm monitoring services which can provide and important
source of future recurring revenue. The cannabis industry continues
to grow and we intend to work diligently to build on our momentum
in Colorado and other geographic regions in the country.
About Cannamor, Inc.
Cannamor is the go-to specialist for acquiring, building and
growing cannabis businesses. Cannamore has developed both indoor
and outdoor grow facilities with energy consumption and efficiency
in mind. The Company was founded in Denver Colorado by two
construction industry professionals with a mission to become the
trusted resources for design and construction plans to meet the
unique needs of the cannabis industry. With projects across Denver,
Boston and more, Cannamor continues to make its mark in the growing
cannabis industry. For more information visit www.cannamor.com.
About DirectView Holdings, Inc.
DirectView Holdings, Inc., 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
website at www.DirectView.com and connect with us on Twitter,
LinkedIn, Facebook, and Google+.
Contact:
DirectView Holdings, Inc.
Roger Ralston
+1-212-858-9100 EXT. 111
www.DirectView.com
IR@DirectView.com
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.