NEW YORK, March 14, 2018 /PRNewswire/ -- DirectView Holdings, Inc. (DIRV) ("DirectView" or the "Company"), a company focused on ownership and management of leading video and security technology companies, announced today that it has been selected to provide comprehensive security solution installations of all security surveillance equipment and infrastructure at all upcoming new locations, plus an ongoing service contract for retrofits, for a leader in the athletic footwear and apparel retail space. The retailer has approximately 200 planned locations and 150 locations presently installed, all of which are planned for upgrades. The anticipated revenue per location ranges from approximately $7,000 to $18,000 and $70,000 for the corporate office and distribution center location.
DirectView will be installing its 3mp (1080P) and 4mp (1520P) fixed dome cameras, bullet cameras, and 360° (fisheye) cameras, and at some locations, pan-tilt-zoom cameras otherwise known as PTZ cameras. DirectView will also be installing, programming and maintaining the VMS, otherwise known as "video management systems" for the company and its locations. The initial maintenance and service agreement for this prestigious client is for seven years.
The system designed by DirectView has the ability to track Point of Sale (POS) transactions at the check-out counters, track a number of analytics including counting customers and pointing out the best placements for displays in-store. It also has the ability to have facial recognition to track and notify store and loss prevention professionals of potential threats.
Management feels this business will provide the platform for its state-of-the-art security and surveillance systems and solutions to be highlighted at malls and retail locations across the United States. The video surveillance market, as a whole, is growing at significant speeds and is expected to reach a substantial level by 2023. Moreover, the (VMS) video management systems like that which are delivered by DirectView are gaining popularity, and the sector as a whole is expected to grow at a robust rate in the future. The Global Video Surveillance Market to Reach $62.62 Billion by 2023, Reports London based BIS Research.
Roger Ralston, DirectView CEO, states: "We continue to find massive opportunities with current and new clients in the surveillance camera and VMS space we serve. It is amazing how the market is evolving and experiencing such rapid growth. There is virtually no vertical market that cannot use the products and service we sell. DirectView is currently realizing record sales and increasing profits, and looks to parlay that into continued growth both organically and through its rollup strategy."
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, www.ApexCCTV.com, 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.
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