Company Signs Master Agreement to Service Facilities for $3.7b Industry Leader
NEW YORK, March 20, 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 current and upcoming production plants and distribution locations, including an ongoing service contract, for a $3.7B publicly-traded, world-leading company in the food production space. The client has several production plants, operating 24 hours a day, 7 days a week producing food products. This prestigious company has several distribution locations and subsidiaries across the nation and around the world. The client's locations range anywhere from a few thousand square feet to a million square feet, requiring hundreds of surveillance cameras and numerous network video management servers designed by DirectView. The company is also installing access control, including thousands of feet of required cabling, where necessary, at the client's desired locations. The first production location is in its final stage of completion and is valued at just under $300,000 for that one location. DirectView is also in the process of designing and providing quotes for a number of other locations for the client, across the United States. The company has already completed some distribution locations for the client.
DirectView will be installing 1.3MP, 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 company has also entered into an ongoing maintenance and service agreement for this prestigious client.
The system designed by DirectView will help insure food safety on the production lines and facilities, while insuring quality control. Other benefits of the system include employee safety, loss prevention, asset protection, crime prevention, and more.
Management believes a contract with a company of this magnitude will provide a platform for its state-of-the-art security and surveillance systems and solutions, highlighting its functionality to other food production and distribution centers around the globe. The global 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 and Virtual Surveillance 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. Being selected by a world leading company such as this serves as a testament to our accomplishments in 2018, as we quickly become one of the fastest growing companies in the security industry. 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, 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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