DirectView Inks Deal
With Emerging
Top-Tier California CBD
Processing Facility
Company Enters
$3.7B California Marijuana Growth
Boom with Tailored Security Solutions
Contract
NEW YORK, NY -- February 20, 2018 --
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 it has been selected to provide comprehensive
security solutions for a new multi-level state-of-the-art CBD
processing facility in Northern California, including the
installation of all security equipment and infrastructure, as well
as the servicing of an ongoing security contract at the
facility.
Level 5 Custom Processing, Inc., an emerging CBD
processing hub serving the greater California cannabis marketplace,
is located in Mendocino County, CA. The facility is set on two
floors, with significant space dedicated to manufacturing and
handling product assets. DirectView will be tasked with the
installation of substantial security infrastructure, including a
large number of DirectView IP surveillance cameras, as well as
ongoing deployment of full security services at the
facility.
John Temple, Level 5 Custom Processing, Inc. CEO,
comments, "Security is critical to us. Working with strong stable
companies is important to us as we move forward. We're looking
forward to working with DirectView Holdings."
Management believes this contract will provide the
Company with a foot in the door as a leader in security
infrastructure and services for businesses involved in the booming
$3.7 billion California cannabis marketplace. DirectView has
already established itself as a top-tier provider of tailored
security solutions for cannabis-related businesses, particularly in
Colorado, where the Company has forged a strong reputation with
multiple major clients.
Roger Ralston, DirectView CEO, states, "We
continue to find huge opportunities servicing the massive growth
boom going on in the cannabis marketplace. With its legalization
move this year, California is quickly becoming the most important
market in that boom, and this new contract puts DirectView squarely
on that playing field."
The California cannabis market is expected to hit
nearly $4 billion in 2018 sales, and increase to over $5 billion in
2019, according to a new report from Business Insider citing
research by leading firm BDS Analytics. Management believes this
demand-driven boom will foster enormous new infrastructure,
including many more establishments similar to the Level 5 Custom
Processing facility. With strict regulatory requirements in place
necessitating capital spend on comprehensive security measures in
all such facilities, the boom continues to represent a defining
opportunity for the Company going forward.
Mr. Ralston continues, "We expect more deals like
this to come our way because the space is growing at breakneck
speed and all of these businesses have regulatory requirements to
install and manage fully-secured facilities. We were already
setting new Company sales growth records so far in 2018, and this
should simply add fuel to the fire."
About Level 5 Custom
Processing, Inc.
Level 5 Custom Processing
Inc. ("Level 5") is a manufacturing
lab that processes cannabidiol,
or
CBD, in Mendocino
County, California. Level 5 employs
state-of-the-art supercritical CO2
extraction. The Company's vision is to help people
take back their own health by developing Wellness and Fitness
Centers employing Hyperbaric Oxygen Therapy
(HBOT) and External Counterpulsation
(ECP) therapies to strengthen the
cardiovascular system, and at the same
time, help deliver and
metabolize CBD (cannabidiol) at the
cellular level.
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://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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