DirectView
Reports Strong
Sales
and Gross Profit For
1st
Half
2019
and Sees
Increasing Demand For Products and Services
DirectView
Reports Highlights For The First Half Of 2019
NEW YORK,
NY -- August 15, 2019 -- InvestorsHub NewsWire
-- DirectView Holdings,
Inc., (OTC:DIRVD)
("DirectView" or the "Company"), a company focused on ownership and
management of leading video and security technology companies,
announced today that the Company maintained
a 44%
gross profit margin, a 5.7% decrease in SG&A, and a 16.1%
decrease in operating expenses during the six months ended June
30, 2019.
First Half
2019 Results
-
44% gross profit
margin
-
5.7% decrease in
SG&A
-
16.1%
decrease in total operating expenses
-
41%
increase in current assets and 16% increase in total
assets
-
$1,618,750
in gross sales and approximately
$387,000. In differed revenue
Sales and
gross profit trends remain steady
during the
first half of 2019, while the Company
positions itself for future growth in product
sales
and
services. SG&A
reflects a stable environment
while the Company continues to investigate growth
opportunities.
Roger
Ralston, DirectView's CEO & Chairman
commented,
"DirectView's first
half 2019 performance
generated
excellent
sales and
a profit
margin in
line with the first half of 2018
when the Company recognized
record sales. As we continue our
technology and acquisition investments, with a primary focus of
transforming our industry and our customer experience, we realize
significant adoption of scale will take
time and
we
remain
laser-focused and bullish on
our strategy. Our new multi-purpose
facility is now under construction and we have a planned move in
date of October 1. We see this new
chapter in the lifecycle of our company to be very exciting and we
see countless opportunities as we grow into the
future."
Some
Recent
Business Highlights Driving
Future
Growth
•
Company
participates in Amazon Prime Day 2019 with Storefront Discounts
- Announced on July 16,
2019, that the Company's
wholly-owned subsidiary,
ApexCCTV, a seasoned provider
of security, surveillance and access control products, is providing
discounted pricing on its
Amazon storefront in participation of Prime Day
2019.
•
New
Contract with Crestpark Condominiums - Announced on May 22,
2018, that the Company and it's wholly-owned subsidiary, Virtual
Surveillance, LLC., has received a new contract with Crestpark
Condominiums of Dallas, Texas, and has been chosen to provide and
install upgraded high definition security
•
New Contract for Security and Surveillance Implementation for
Exclusive New York City Office Tower - Announced on May 8,
2019,
that the company has been chosen to design, plan and install their
state of the art surveillance and access control in a NYC
to
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
IR@DirectView.com
http://www.DirectView.com