DirectView
Receives Purchase Order from Major New York City
Hotel
Company Readies
for Additional NYC Security Infrastructure and Equipment Upgrade
Potential
NEW YORK, NY -- October 19, 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 it has received a purchase order from one of New York City's
largest hotels for security upgrades.
The company will be providing equipment and services to further
augment existing security infrastructure at the site. Due to the
sensitive nature of the precise work involved as well as the
illustrious reputation of the hotel, the company will refrain from
identifying the entity by name or exact location.
Roger Ralston, DirectView Holdings, CEO commented "It is an
honor to be chosen by this prestigious entity for this security
upgrade to help fortify this location. In this highly
security-conscious environment, we are very happy to be this
hotel's choice when it comes to the security of their staff and
guests. This is just one of many NYC locations our team is
currently working on at this time."
Echoing Mr. Ralston's final thought, recent governmental
appropriations suggest that much of the security infrastructure and
equipment put in place in reaction to the World Trade Center
attacks of 9/11 has become outdated, suggesting that a security
equipment product upgrade cycle may be getting traction in the New
York City hospitality sector, with DirectView at the table.
An indication of the need for upgrades to existing security
equipment in New York is news that more than $24 million in federal
funding was recently awarded to New York for safety and security
deployment. Those grants complement a total $54 million included in
the FY 2017 New York State Budget to beef up security and protect
New Yorkers.
Top-tier hotels with deep pockets and large legacy investments
in brand development such as DirectView's newest recent project (a
global luxury player worth nearly $23 billion) may also be
scrambling to reduce legal damages. A Bar Association study found
that the average settlement in suits specifically related to
insufficient security on premises at a hotel was over $1.2 million,
which doesn't even include damages to the brand's reputation or
cultural cache.
Between lawsuit damages, consumer reputations for poor security,
and the specter of heightened geopolitical event risk, management
believes New York City hotels are ripe for a healthy upgrade cycle
that may have material implications for the Company's top-line
performance over coming quarters.
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