DirectView
Signs 10-Year Lease
For New
State-of-the-art Multipurpose
Facility
DirectView
Signs A 10-year Lease To Occupy 7,870 Sq. Ft. In Allen,
Texas.
NEW
YORK, NY -- May 29, 2019 -- InvestorsHub NewsWire
-- DirectView
Holdings, Inc. (DIRV),
a company focused on ownership and management of leading video and
security technology companies, today announced that the Company
has signed a
10-year lease to occupy 7,870 square feet
of space in "The
Tech Center of Greenville," to build out a new, state-of-the-art
mutlipurpose
facility.
Located on Greenville Avenue
in the North Dallas area of Allen, Texas, The Tech Center contains
three high quality office/flex buildings that are well positioned in the
growing Allen business park in North
Dallas.
DirectView is initially occupying 7,870 square feet for offices,
a call
center
for technical support and
sales, a
training center, and warehouse space
for inventory and
shipping,
with plans to
lease more space in the
future. Since each space is built out
per tenant request, DirectView had the opportunity
to
negotiate tenant improvements
consisting of nearly $355,000 to build out the interior
of the location. As part of the agreement, Directview has
received 4 free months of rent under
the 10-year
lease, and DirectView anticipates moving
to the location on or before September 1, 2019.
DirectView's investment in a
new multipurpose facility is
anticipated to streamline its business operations and allow more
room for further growth. The move comes on the heels
of DirectView recording a record year of sales
growth, and ApexCCTV.com, the Company's
wholly-owned subsidiary, recently reporting an increase in
orders and revenue of 172% and
185%, respectively. Future plans for the space
include a state-of-the-art showroom where customers can view and
operate DirectView's security, surveillance, and accesss control
products. DirectView anticipates reserving further
warehouse
space to ensure product availability and order fulfilment space
to ensure
timely delivery of products.
"We have just signed a 10-year
lease for
a new, state-of-the-art multipurpose facility that will
streamline our operations
and
further
our growth
strategy," stated Roger Ralston, CEO and
Chairman of DirectView Holdings. "The layout of the interior
was strategically designed in a way that
allows DirectView to ramp up its
operations. The warehouse and shipping
space will provide DirectView with a larger inventory of
items in
stock and will speed up the order fulfilment
process,
while the office space
will
be utilized in a
way that provides superior sales, service, and technical support.
The new facility
will allow DirectView to reach the next milestone in growth, and I
couldn't be more proud of our team and our
subsidiaries on their accomplishments this year."
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 "should,"
"anticipates," "plans," or similar expressions or the negative of
these terms and similar expressions are intended to identify
forward-looking statements. Such statements are subject to certain
risks and uncertainties, and 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 risks and uncreatainties include, but
are not limited to, those described in our filings with the SEC,
and readers should refer to those filings, including our Risk
Factors described in those filings. 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.