Company Continues to See Strong Growth Ahead in Tailored
Security Solutions for the Highly-Regulated Cannabis Sector
DirectView Holdings, Inc. (OTC: DIRV) ("DirectView" or the
"Company"), a company focused on ownership and management of
leading video and security technology companies, is excited to
announce its most recent major equipment upgrade and servicing
contract in the $7.8 billion cannabis industry as a
premier supplier of security equipment and infrastructure tailored
for cannabis-related businesses
Colorado Medical Processing (dba "Colorado's Best Dabs" or
"CBD"), a top-tier cannabis processing facility located
in Denver, Colorado, recently tasked DirectView with a major
equipment upgrade and expansion of existing security infrastructure
at the company's principal state-of-the-art laboratory. The Company
installed a new DirectView NVR (capacity at least 40 days of high
quality video surveillance recordings), as well a series of
additional cameras, including a Class 1 Division 1 explosion-proof
camera dedicated for special-purpose deployment in a
highly-sensitive area of the lab (as required
by Colorado law).
Management believes that the surveillance-related regulatory
framework for Colorado's Marijuana Enforcement Division
("MED") may become a major driver of revenue growth for
DirectView.
Roger Ralston, DirectView CEO, notes, "We have tailored a package
of resources to assist new and existing cannabis-related businesses
in hitting their MED compliance objectives. Colorado is
truly ground zero for the cannabis boom. Business formation and
expansion of these facilities is through the roof. We may be
looking at a steady and steep acceleration in sales from this
segment alone, with additional potential to scale nationally in the
space."
A recent Forbes article concludes that "Scaling up will be the new
challenge" for the marijuana industry. Retail sales in the U.S.
from 20 jurisdictions were $6.5 billion last year.
Greenwave Advisors has projected that number to swell nearly
five-fold by 2021 to $30 billion.
"Meeting that kind of massive demand growth implies that
cultivators and processors are going to be dramatically scaling up
their operations. That means new expensive equipment, more product
on site, more square footage, and more regulatory oversight. We
believe this process will drive enormous demand for tailored
security solutions," states Mr. Ralston.
DirectView has already been informed by CBD that it has plans for
additional expansion over the near term and will be contracting
DirectView to handle that work as well. Furthermore, the Company is
aggressively pursuing a number of additional contracts in
the Colorado cannabis industry, and will keep investors
updated as future deals are cemented into place.
About Colorado's Best
Dabs
At Colorado's Best Dabs, patients come first. We believe
in supplying Colorado with clean cannabis infused
products and produce quality concentrates. CBD is comprised of and
owned by Colorado natives who have embraced cannabis
legalization from the beginning. Established in 2012, CBD has
extensive knowledge and experience in cannabis extraction, always
striving for medical excellence. At CBD we handcraft each and every
batch of our concentrates to create a personal touch to all of our
products. We provide friendly dedicated service and offer speedy
turnaround times with no delivery fees. Our laboratory consists of
top of the line extraction equipment featuring the ExtractionTek
and Cascade Botanical vacuum oven for maximum terpene preservation.
We have a trained extraction team with combined10 years industry
experience. Our experience with post processing techniques can be
tailored to your patient's preference.
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,
http://www.ApexCCTV.com,
http://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
http://www.DirectView.com
IR@DirectView.com
SOURCE DirectView Holdings, Inc.