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DirectView Security Selected by Sundance Gardens to Upgrade Video Surveillance System at its Cannabis Facility in Denver Colorado
NEW YORK, May 12, 2014 /PRNewswire/ --DirectView Holdings, Inc. (OTCQB: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that its wholly owned subsidiary, DirectView Security, has been selected by Sundance Gardens, LLC ("Sundance"), a privately held Colorado based company, to upgrade the security system at its 3,000 square foot cannabis grow facility in Denver Colorado.
DirectView Security will provide a comprehensive assessment and design a custom video surveillance solution plan. The Company anticipates completion of the initial assessment and submission of the design plan to take place by the end of May 2014. Upon approval of the plan by Sundance, DirectView will schedule and complete the agreed upon installation of equipment.
Commenting on the selection, Jason Ray, CEO of Sundance stated "After meeting with DirectView at the Big Industry Show in early April we decided to reevaluate the current security platform at our Colorado facility. We look forward to working with the team at DirectView to help us design an upgraded, state of the art surveillance system, to protect our valuable assets now and in the future."
Commenting on the announcement, Roger Ralston, CEO and Chairman of DirectView, stated, "We are pleased to have been selected by Sundance to evaluate and create a design plan for its facility and look forward to completing an installation plan in the near future. The Big Industry Show generated a substantial number of business leads and we intend to aggressively pursue these potential business opportunities to grow our future revenue in this business vertical."
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 a 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 http://www.DirectView.com
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Forward Looking Statements:
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "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 the Company's 10-K for the fiscal year ended December 31, 2013 and other filings made by the Company with the Securities and Exchange Commission.
SOURCE DirectView Holdings, Inc.
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