DirectView Sees $500K Jump in Revenues to Bring YTD Sales to $6 Million
Company Continues to Build on Record Revenue Growth Pace in 2018
NEW YORK, February 14, 2018 /PRNewswire/ DirectView Holdings, Inc. (OTC:DIRV) (“DirectView” or the “Company”), a company focused on ownership and management of leading video and security technology companies, is excited to announce continued record-breaking revenue growth so far for the Company in 2018, with year-to-date revenues up another $500k to total $6 million so far this year.
This continues strong revenue growth trends seen in 2017, as recently reported in 10-Q filings showing quarterly year/year sales growth of 1,689% for the three months ended September 30, 2017.
Management believes 2018 will shatter company records from last year as recent acquisitions and expansion into high-growth areas like cannabis production facilities are powering the Company’s core model. The Company is also benefitting from a list of factors that have converged to catalyze improved performance, including:
· Additional experienced sales staff
· Larger national clients
· A strong vertical in large manufacturing and warehouse facilities with locations in the million square foot range
· A new location in Dallas, TX with strong functional differentiation, including a large lab and tech support area, sales bullpen, accounting, shipping, and warehouse
· A revitalized web presence and excellent SEO at multiple websites
· A centralized home base with strong geographic range enabling effective service for clients across the country
Roger Ralston, DirectView CEO, comments, “We are starting to see the fruits of last year’s strategic roadmap come into play and tie in with a number of inherent operational advantages right now. It always comes down to execution in the end, but it helps to put yourself in a good position at the start. We also made a mission of getting traction with clients involved in hemp and cannabis cultivation and processing late last year. Developing long-term relationships with clients attached to strong growth curves is good business as it is a legal requirement at every location, and it’s starting to pay off this year in a big way.”
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 www.DirectView.com, www.ApexCCTV.com and 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.