Growth Of DirectView And Subsidiaries Highlight Need For Expansion
NEW YORK, NY- New York, May 01, 2019 (GLOBE NEWSWIRE) -- DirectView Holdings, Inc. (DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it plans to address certain requirements by leasing a new multipurpose facility in the Dallas, Texas area. The new facility is planned to contain a showroom for customers, a training facility for clients and employees, a call center for technical support and sales, a distribution office, warehouse space for inventory and shipping, and additional sales and management offices. The recent growth of DirectView and its subsidiaries is attributed to the need for a larger, more complex facility.
As noted in DirectView’s press release on March 11th, 2018 (DirectView Enters Smart Home Market with Google Home, Nest, & Amazon Ring Products), the Company’s wholly-owned subsidiary, ApexCCTV.com, recorded an increase in orders and revenue of 172% and 185%, respectively. Total traffic to the ecommerce website increased by 43%, and the Company has recently added roughly 1,000 new products, including Google (GOOG) Home, Nest, and Amazon (AMZN) Ring products, further attributing to the need for more warehouse space.
Having concluded a record year of sales growth and customer headcount, DirectView’s investment in a new facility will provide space for training employees and also provide a traning center for clients and office space to provide pre and post installation support. The new facility is anticipated to host a state-of-the-art showroom demonstrating its various security, surveillance, and access control systems to new clients. Warehouse space will be reserved to ensure product availability and space for order fulfilment will ensure timely delivery of products.
“We are in the final stages of leasing a new multipurpose facility that will streamline our operations and further our growth strategy as we continue our pursuit to be the best in the industry,” stated Roger Ralston, CEO and Chairman of DirectView Holdings. “From design to installation, to customer experience and post installation support, investments in our team and our facilities ensures we are generating the best results. We anticipate the new facility will give DirectView the competitive edge to make this year even more productive than the last.”
About DirectView Holdings, Inc.
DirectView Holdings, Inc., 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 website at www.DirectView.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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