DirectView’s online e-commerce site ApexCCTV.com Records Increase In Orders And Revenue of 172% And 185%, Respectively.
NEW YORK, March 11, 2019 (GLOBE NEWSWIRE) -- DirectView Holdings, Inc. (DIRV) (“DirectView” or the “Company”), a company focused on ownership and management of leading video and security technology companies, today announced that it has entered the Smart Home market with Google Home, Nest, and Ring Doorbell products driving record-breaking sales through the Company’s wholly-owned e-retailer website, ApexCCTV.com.
ApexCCTV has noted consistent growth since the redesigned platform went live last year. Total inbound traffic to the e-commerce website has increased by 43%. As a supplier, ApexCCTV has the ability to offer the most competitive pricing on the internet. The addition of Smart Home Products like Google’s (GOOG) “Home”, “Nest”, and Amazon’s (AMZN) “Ring” doorbell products have been strong contributing factors for ApexCCTV’s record-breaking increase in orders and revenue of 172% and 185%, respectively. In an effort to further this growth, ApexCCTV.com will be adding roughly 2,300 new products in the coming weeks, doubling the size of its product catalog.
According to Markets and Markets in the report titled: Smart Home Market by Product - Global Forecast to 2024, the overall smart home market is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.02%. The growth in the smart home market will be driven by the adoption of smart devices and a widespread concern about safety, security, and convenience. DirectView and ApexCCTV (together as leading providers of Security, Surveillance, and Smart Home equipment), and Virtual Surveillance, LLC., (as the seasoned installer), possess the synergies necessary to become a prominent provider and installer of smart home technology.
Roger Ralston, President and CEO of DirectView, said, “We are experiencing an ever-growing demand for DirectView’s products and services, not solely in security and surveillance, but in other market segments like smart home and home automation. Since adding smart home devices at competitive prices, our e-commerce website (ApexCCTV.com) has recorded record-breaking traffic, orders, and revenues. We want to set the bar higher and higher each quarter and I couldn’t be more confident in the abilities of DirectView Holdings’ subsidiaries. In fact, I am so confident in DirectView that I am exploring options to retire my personal debt in the company, which totals approximately $2 million dollars in exchange for additional equity in the company.”
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 http://www.DirectView.com, http://www.ApexCCTV.com, http://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.
DirectView Holdings, Inc.
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