DirectView Now Fully Current and Compliant on Financials, Planning Uplist to OTCQB
February 14 2018 - 12:47PM
InvestorsHub NewsWire
DirectView Now Fully Current and Compliant on
Financials, Planning Uplist to OTCQB
Caveat Emptor
Status Removed, Current on All Filings, Seeking OTCQB Uplisting in
March, Reports 1,689% Sales Growth
NEW YORK, NY. -- February 14, 2018
-- InvestorsHub NewsWire -- DirectView Holdings, Inc.
(USOTC:DIRV)
(“DirectView” or the “Company”), a company focused on ownership and
management of leading video and security technology companies, is
excited to announce that the Company is now fully current and
compliant on all filing requirements and financial data. In
addition, the “caveat emptor” designation on OTCmarkets.com has
been removed, and the Company is beginning an imminent process to
seek uplisting onto the OTCQB exchange as early as next
month.
The Company’s 10-Q
filings for the periods ended June 30, 2017 and September 30, 2017
had been delayed due to complexities surrounding the completion of
two key acquisitions that represented the onboarding of entities
accounting for nearly $6 million in sales in fiscal
2016.
However, as of January
25, 2018, those filings have been completed and filed with the SEC,
and the Company is now fully compliant with its filing requirements
and current on all financials. As a result, OTCmarkets.com has
removed its caveat emptor designation.
Roger Ralston,
DirectView CEO, comments, “We have been tying up the loose ends
over the last few months to fully integrate our newest acquisitions
onto the books. But now that’s behind us, and we have so much to
look forward to in the weeks and months ahead. As investors will
see in coming days, we have a number of exciting projects just
concluded, still underway, and set to get started. This is an
extremely exciting time for the company.”
As reported in its
most recent 10-Q filing for the period ended September 30, 2017,
DirectView recorded quarterly year/year sales growth of 1,689%. For
the nine months ended September 30, 2017, the Company recorded
gross profits in excess of $1.2 million, representing over 600%
growth in gross profitability relative to the same period from
2016.
Investors are
encouraged to expect several other key announcements over coming
days outlining important new projects underway for DirectView and
updating new progress for the Company in terms of exceeding sales
growth targets for Q1.
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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