DirectView
Retires Debt Agreement and Begins
Restructuring of Corporate
Financing
New
York, NY -- June 19, 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 the Company has reached a settlement agreement
with two creditors,
fully satisfying the convertible Promissory Notes (the "Notes") of the underlying
agreements in
full, saving the company approximately $104,000.00.
This settlement has eliminated any further contractual obligations with the note holders.
The debt satisfied totaled
$262,500.00.
Individually, the note settelments were $79,322.35 and $183,177.65.
Roger Ralston, DirectView's CEO
said, "DirectView is setting new records
in 2018, and we wanted to take things a step further by
restructuring corporate financing. The process involves negotiating with current note holders in regard to debt settlements agreements,
which include reducing balances
and interest
rates. At DirectView, shareholder value is of the utmost
importance."
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