NEW YORK, December 8, 2015 /PRNewswire/ --
SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage on DirectView Holdings, Inc. (OTC: DIRV) with a Price Target of $0.04.
The report is available here: DIRV Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack's. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
Based in New York, NY, DirectView Holdings, Inc. (OTC: DIRV, "DirectView") provides a full range of security, surveillance, and communications solutions to corporations, organizations, and government agencies in the United States. DirectView is introducing a compelling new lineup of high definition (HD) body worn camera (BWC) products, which are expected to begin field testing with potential law enforcement customers as soon as this December. We see DIRV as well positioned to capitalize on the BWC market as the company has an established business providing custom tailored security and surveillance solutions through a platform that combines proprietary know-how and contract manufactured products to provide high value turnkey solutions to its customers. Under the guidance of co-founder and longstanding CEO Roger Ralston, DirectView has provided comprehensive communications and surveillance solutions since 2006.. During that time the company has amassed an impressive customer base that includes Hilton, Sheraton, the US Postal Service, Trump International and Montessori, among others.
"We see DirectView as positioned to target a dynamic transition in the surveillance industry catalyzed by the transition from analog to digital with applications in the Law Enforcement, Hospitality, Cannabis, Transportation, Education, Homeland Security Private Security and Industrial end markets. The company has several potential growth drivers, including a new product line of HD body worn camera solutions for the law enforcement community as well as a significant opportunity to sell solutions designed to help new legal cannabis industry participants meet rigorous security standards required by state regulations. With new products and an experienced management team, the main swing factor for DirectView in our view is selling execution and access to new capital to allow the company to invest in growth. ," stated Ajay Tandon, CEO of SeeThruEquity. "We are initiating coverage with a 12-month price target of $0.04 per share."
Additional highlights from the report are as follows:
Body Worn Cameras (BWC) presents long term growth opportunity
DirectView is in the process of commercializing body worn cameras (BWC) with potential applications in the Law Enforcement, Homeland Security, Military, Traffic, Environment, and Insurance markets. We see potential especially in the area of law enforcement- where several recent high-profile incidents has brought national attention to the need for body worn cameras (BWCs) by public safety and officers. BWCs offer clear potential benefits for law enforcement, including increased transparency and legitimacy for law enforcement officers' actions, as well as reducing litigation time and expenses, providing evidence for arrest and prosecution, and visual opportunities for police training. Indeed, complaints police against officers dropped by 87.5% in a California study and 74% in a recent Pittsburgh study when using BWCs. BWCs have also become a high profile topic of political debate, with President Barrack Obama recently proposing federal spending of $75mn as part of a broader community policing initiative to help pay for 50,000 BWCs for law enforcement. DirectView is positioned to capitalize on this trend as soon as this quarter as it brings to market a new, real-time high definition, body worn camera purpose built for this cause - the DVXG-1000.
Positioned to target new opportunities in digital security
We see DirectView as positioned to target a dynamic change in the digital video communications and surveillance industry catalyzed by the transition from analog to digital, with applications in the Law Enforcement, Hospitality, Cannabis, Transportation, Education, Homeland Security Private Security and Industrial end markets. The company has several potential growth drivers, including a new product line of Body Worn Camera (BWC) solutions for the law enforcement community as well as a significant opportunity to sell solutions designed to help new legal cannabis industry participants meet rigorous security standards required by state regulations. With new products and an experienced management team, the main swing factor for DirectView in our view is access to new capital to fund operations and allow the company to invest in growth.
Please review important disclosures on SeeThruEquity's website at http://www.seethruequity.com.
About DirectView Holdings, Inc.
DirectView Holdings, Inc., together with its subsidiaries, provides teleconferencing 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 http://www.DirectView.com.
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit http://www.seethruequity.com.