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Security & Surveillance Industry Targets Everyday Security Concerns & Sector Growth - Company Secures Capital for Expansion & Marketing Efforts


News provided by

FN Media Group, LLC

Apr 30, 2014, 09:05 ET

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CORAL SPRINGS, Florida, April 30, 2014 /PRNewswire/ --

Security industry advancers continue to develop innovative security and surveillance platforms for consumer comfort: DirectView Holdings, Inc. (OTC: DIRV), The ADT Corporation (NYSE: ADT), The Brink's Company (NYSE: BCO), Tyco International Ltd. (NYSE: TYC) 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 it has issued a convertible promissory note (the "Note") to an undisclosed institutional investor (the "Investor") in the principal amount of $338,000.  The Company plans to use the capital to expand its marketing efforts for its security and surveillance services business.

Commenting on the capital raise, Roger Ralston, CEO and Chairman of DirectView stated "This capital will enable us to step up our marketing efforts in several key market categories including the cannabis industry, education, transportation and hotel / property management among others.  There is a growing need for security providers with the technical knowhow to bridge different platforms and products to create customized and cost effective surveillance solutions, and we intend to use this cash infusion to build our sales and service team to target these large market categories.  We are pleased to have secured this institutional investment and look forward to working this Investor in the future to help us opportunistically grow DirectView's business in the years to come for the benefit of our stockholders."

To read the full DIRV press release, please visit http://www.fnmprofiles.com/profiles-dirv.html

The Note bears interest at the rate of eight percent (8%) per annum until paid in full and can convert into shares of the Company's common stock at a price of $0.0175 per share, subject to certain provisions. The note is not convertible into common shares for a period of 6 months.  In a separate transaction, the company retired $35,000.00 of notes convertible at $0.0001 per share on April 7, 2014 for a total of $42,483.00 including interest. Management believes the net effect of the two transactions are favorable for the Company and its stockholders.  

The ADT Corporation (NYSE: ADT)  announced the appointment of Laura Miller to the position of Chief Human Resources Officer. Miller, who most recently served as Chief Human Resources Officer of Coca-Cola Refreshments, will report directly to Naren Gursahaney, ADT's president and CEO. She will join ADT on May 5, 2014 and be based in the Company's headquarters in Boca Raton, Florida. In her new role, Miller will lead ADT's human resources across the Residential, Small Business, and Health business units in North America. She will oversee all HR business partners, compensation and benefits, talent acquisition, talent management, labor and employee relations, and diversity and inclusion. Before joining ADT, Miller served in multiple senior leadership roles within the Coca-Cola Company in Atlanta, Georgia, most recently as Chief Human Resources Officer for Coca-Cola Refreshments. 

The Brink's Company (NYSE: BCO) recently announced that it will no longer use Venezuela's official exchange rate of 6.3 bolivars per U.S. dollar and has adopted the government's SICAD II floating rate of approximately 50 bolivars per U.S. dollar, which took effect on March 24. As a result of the devaluation, Brink's expects to incur a first-quarter remeasurement charge related to the write down of substantially all of its bolivar-denominated net monetary assets.  At December 31, 2013, bolivar-denominated net monetary assets totaled $120 million. Tom Schievelbein, chairman, president and chief executive officer, said: "Brink's has been operating in Venezuela for more than 40 years, through numerous economic cycles.  We remain committed to this business, which is extremely well-managed by our local team and has demonstrated strong operational and financial performance."          

Tyco International Ltd. (NYSE: TYC) recently announced that it has joined the Industrial Internet Consortium (IIC), the nonprofit organization launched last month to catalyze and coordinate the priorities and enabling technologies of the Industrial Internet. "We are excited to be an early member of this visionary group," said George Oliver, Tyco's Chief Executive Officer. "As the leader in the fire protection and security industry, and with technologies and insights that apply well beyond that space, we look forward to contributing to the development of the architectural framework that will help shape and grow the Industrial Internet and drive more comprehensive, integrated solutions for customers." "We are thrilled to have Tyco join the Industrial Internet Consortium," said Dr. Richard Soley, Executive Director of the IIC.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, recently announced that its Electronic Products division has received orders valued at $7.8 million for the production of Integrated Microwave Assemblies (IMA) for two critical U.S. Navy platforms. These awards, from an existing customer, are related to continuing production on long term Electronic Attack (EA) and Intelligence, Surveillance and Reconnaissance (ISR) airborne platforms. No additional details are being provided due to customer and other sensitivities. Richard F. Poirier, President of Kratos' Electronic Products division, commented, "These orders are the latest significant awards received from this prime contractor for complex integrated assemblies. The assemblies will be manufactured at Kratos' Lancaster and CTI facilities and are critical elements of high performance sensor systems. Kratos has participated on these programs for many years and continues to be a valued supplier providing sophisticated subsystems for these U.S. Navy aircraft."

FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/.  Follow us on Facebook:  http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup. 

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated four thousand five hundred dollars for news coverage of the current press release issued by DirectView Holdings, Inc. by the company.

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.  

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FN Media Group, LLC
Contact email:  [email protected]
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC

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