Expansions Drive Growth From Security Enhancements for Diversified Businesses - DIRV Reports Increased Consolidated Revenues of 63%
CORAL SPRINGS, Florida, May 21, 2014 /PRNewswire/ --
Security companies make improvements and enhancements to improve security services for driving expansion and company growth:
DirectView Holdings, Inc. (OTC: DIRV), The ADT Corporation (NYSE: ADT), Tyco International Ltd. (NYSE: TYC), The Brink's Company (NYSE: BCO) and Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS)
DirectView Holdings, Inc. (OTCQB:DIRV), a company focused on ownership and management of leading video and security technology companies, today announced the Company's financial results for the first quarter of 2014.
Financial Highlights
Q1 2014 consolidated gross margins increased approximately [63%], up from approximately [40%] in Q1 2013.
Q1 2014 consolidated gross profit increased approximately [160%] to [$90,000], up from [$34,763] in Q1 2013.
To read the full DIRV Financial Results press release, please click here: http://www.fnmprofiles.com/profiles-dirv.html
Roger Ralston, CEO and Chairman of DirectView, commented: "Our performance improved significantly in the first quarter in several key financial measures. Consolidated gross profit and gross margins increased significantly as did overall revenue reflecting our increased marketing efforts. We have made a number of strides in recent months including several capital infusions which we believe will enable us to significantly increase revenues in our targeted business verticals including education, transportation, hotel and hospitality and the cannabis industry. We intend to work diligently to expand our business in these key areas to drive significant growth in the quarters and years to come."
The ADT Corporation (NYSE: ADT) recently announced a partnership with Life360, a leader in location-based services and family networking technology. The partnership will provide a valuable lead generation source for ADT and enable the development of innovative, co-branded mobile security applications to provide greater safety and security services to families. As part of the agreement, ADT is taking a minority ownership stake in the company through a $25 million investment, leading a $50 million Series C financing for Life360. The investment forges a mutually beneficial bond for the two companies to work together to advance personal security solutions available to the more than 33 million families who use Life360. "We've expanded beyond helping protect and connect homes and businesses," said Arthur Orduña, senior vice president and chief innovation officer for ADT. "Today, ADT provides security and monitoring solutions for families wherever they are. This partnership with Life360 fits within our innovation strategy to reinvent the idea of 'security' for our increasingly mobile lifestyles. It's a perfect pairing as ADT and Life360 are both leaders in their categories that share a very similar vision and mission - to provide peace of mind to families."
Tyco International Ltd. (NYSE: TYC) recently announced the appointment of Andrea Greco as Senior Vice President, Global Sourcing & Procurement and Real Estate. Mr. Greco joins Tyco from Unisys Corporation, where he served as Chief Procurement Officer and Vice President, Corporate Real Estate, for the past five years. He reports to George Oliver, Tyco's Chief Executive Officer. In this newly created role, Mr. Greco will have responsibility for Tyco's global sourcing, procurement and real estate functions, and will co-lead the company's logistics and distribution operations with Colleen Repplier, President, Fire Protection Products. "We are pleased to have Andrea join us in this critical role, which will have broad impact on our operating costs globally," said Mr. Oliver.
The Brink's Company (NYSE: BCO), together with its subsidiaries, provides secure transportation, cash management, and other security-related services. The company operates through Latin America; Europe, Middle East, and Africa; North America; and Asia Pacific segments. Its services comprise cash-in-transit services, such as armored vehicle transportation of valuables; automated teller machine (ATM) services, including ATM management, cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance; network infrastructure services; and secure logistics services for valuables, such as diamonds, jewelry, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals. On Tuesday, BCO closed down 2% on over 437,000 shares traded.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) a leading National Security Solutions provider, recently announced that its Kratos Defense and Rocket Support Services Division (KDRSS) recently received a $9 million contract award to support the prototype development of the railgun fire control system and hypervelocity guided projectile. Under the new contract award, KDRSS will design, engineer, manufacture, and deliver prototype projectiles and a fire control system to support at-sea and land demonstrations that are currently scheduled to begin in 2016. Due to customer related and other considerations, no additional information will be provided related to this contract award. Robert Weaver, Kratos' Railgun Program Manager, said, " We are pleased to continue our support of the Railgun Program and look forward to working with the Fire Control and Hypervelocity Projectile Integrated Product Teams to develop and field a railgun weapon system."
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