DirectView Inks Full Servicing Contract for Top-Tier Marijuana Cultivator
October 25 2017 - 8:30AM
InvestorsHub NewsWire
DirectView Inks Full Servicing Contract for
Top-Tier Marijuana Cultivator
Company Finds Major Opportunity in
Tailored Security Solutions for the Marijuana Cultivation Growth
Boom
NEW YORK, NY --
October 25, 2017 -- InvestorsHub NewsWire -- DirectView Holdings,
Inc. (OTC:DIRV)
(“DirectView” or the “Company”), a company focused on ownership and
management of leading video and security technology companies,
announced today that the company’s operations now adjoin with the
$7.8 billion cannabis industry as a premier supplier of security
equipment and infrastructure tailored for cultivators. Sundance
Gardens (“Sundance”), a state-of-the-art marijuana grow facility
located in Denver, Colorado, has ordered DirectView to conduct a
fundamental overhaul and upgrade of all security equipment and
infrastructure, and to continue to service an ongoing contract
securing the 15,000+ square foot Sundance Gardens cultivation
facility.
The move comes in the
wake of a major acceleration in sales growth for Sundance Gardens,
which finds itself in the fold of a major sector-wide growth boom
among marijuana producers. The order represents return business for
DirectView, who was originally awarded equipment installation and
security servicing at the Sundance facility. DirectView management
believes this may be one of many contracts predicated on the theme
of a need for greater security measures at marijuana cultivation
facilities in Colorado and elsewhere across the United
States.
Comments from Jason
Ray, owner and operator of Sundance Gardens, suggest that
DirectView has both future business with Sundance as well as a
strong advocate in the tight-knit Colorado cultivators community.
Mr. Ray states, “I would use DirectView for any new facilities that
Sundance Gardens will build in the future when we expand our brand
into other states. We here at Sundance Gardens couldn't be happier
with their highly advanced security systems and would recommend
them to anyone who is getting into this industry and building out a
grow facility or Dispensary."
According to a recent
report in Forbes, New Frontier Data projects that the legal
cannabis market will grow at a compound annual rate of 17%, making
it one of the fastest growing major industries in North America
over coming years. Medical marijuana sales are projected to grow
from $4.7 billion in 2016 to $13.3 billion in 2020. Adult
recreational sales are estimated to jump from $2.6 billion in 2016
to $11.2 billion by 2020.
Roger Ralston,
DirectView CEO, states, “There is no denying the massive growth
boom going on in the marijuana marketplace. As these small farms
and grow operations turn into big businesses handling millions of
dollars in merchandise and capital, we anticipate many will come to
find that an initial or upgraded security infrastructure is simply
a new necessary cost of doing business. We have made it a primary
objective of this Company to be the leader in attending to that
need for years to come.”
Moreover, the massive
growth boom in the cannabis complex implies dramatic expansion at
cultivation facilities, as well as more valuable goods and capital
on hand at those facilities, all of which in turn implies a boom
for those involved in supplying, installing, and upgrading the
equipment and infrastructure securing those facilities. The
Colorado marketplace is ground zero for this boom, and DirectView
already appears to have a strong foothold on penetration into that
market space.
About Sundance
Gardens
Sundance Gardens is a
premier Recreational Grow facility located in Denver Colorado. The
company was founded on the principles of great plants. Here at
Sundance Gardens, we believe pampered plants make for a better,
more potent product. Our staff is highly trained and experienced in
the marijuana cultivation field. Each staff member was carefully
screened not only for experience, but the quality of experience.
Sundance Gardens strives for the best grown marijuana in the state.
Our clients are saying the same, too. For more information on
Sundance Gardens, please visit us at http://sundancegro.com/
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
www.DirectView.com
IR@DirectView.com
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