NEW YORK, Apr. 17, 2015 /PRNewswire/ --DirectView Holdings, Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced the following update.
Today, Roger Ralston, Chairman and CEO of DirectView released a letter to shareholders discussing recent developments from the Company's announcement on April 13th discussing the market opportunity it poses for DirectView Holdings, its subsidiaries, and for current and potential shareholders alike:
To all of you who have taken the time to look at DirectView over the last several months and those just becoming familiar with our Company, we have been increasingly active in the security marketplace. Our goal has always been to offer the highest quality hardware and technology to the market while maintaining a forward thinking business model.
With that, we have accomplished several milestones. First, our entry into the growing cannabis space has opened the doors to a brand new industry that has just recently begun to gain notoriety and legitimacy as a viable market for growth. Outside of that, we continue to look for additional first mover opportunities in traditional markets and our recent announcement discussing our entry into the Body Camera and wearable camera & communication market could not be better timed from our standpoint. The current market offers different options for these products but from our research, even the larger companies have yet to offer a solution to address all points of focus for a total package solution.
To elaborate further on our next steps for entry into this marketplace, we've directed our milestones toward developing a "next generation" device that does not only record video and audio but also offers a fully optimized storage solution for previous recordings. The unit will also include the ability to use biosecurity with an imbedded fingerprint reader to access the unit among many other unique features also including Bluetooth, Wi-Fi and LTE. As previously stated, with a very small competitive field of companies offering these products and services, DirectView now becomes one of only a handful of publicly traded companies in this rapidly evolving and exciting space.
With events like those seen in the fallout of Ferguson, MO and more recent issues facing Dallas, TX and South Carolina the growing need for wearable cameras has increased far beyond "another accessory" to "try out" to what is now becoming an outright need. The US Government has also stated that it will invest millions of dollars to ensure that law enforcement agencies will implement a measure to require agents to make these part of the uniform and we believe that our offering will not only meet but exceed the current requirements expected from state and federal departments.
We are anticipating favorable results from developmental trials of this new wearable body camera and will be keeping the public updated with new information throughout the process. The company is aggressively working on securing a large number of sales opportunities that are currently out for bid. We have had great success thus far entering the cannabis space where security is a mandated requirement by law. We look forward to parlaying that industry into a much larger part of what we do especially with the rising need for wearable recording devices and we see a great opportunity to increase sales to this explosive vertical.
Many thanks to our longstanding shareholders and a welcome to the new, we look forward to exciting years ahead for us all.
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 our websites at www.DirectView.com. For more information visit our website at www.DirectView.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
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.
SOURCE DirectView Holdings, Inc.