Directview Holdings Inc (OTCMKTS:DIRV) is particularly interesting right now, and traders may benefit from taking a close look. Shares have pulled back sharply to test key support in recent action, but the company is pulling in strong sales and has lined up a number of growth drivers. For example, DIRV recently announced that it has signed a 10-year lease to occupy 7,870 square feet of space in “The Tech Center of Greenville,” to build out a new, state-of-the-art mutli-purpose facility.
According to the release, “Located on Greenville Avenue in the North Dallas area of Allen, Texas, The Tech Center contains three high quality office/flex buildings that are well positioned in the growing Allen business park in North Dallas. DirectView is initially occupying 7,870 square feet for offices, a call center for technical support and sales, a training center, and warehouse space for inventory and shipping, with plans to lease more space in the future. Since each space is built out per tenant request, DirectView had the opportunity to negotiate tenant improvements consisting of nearly $355,000 to build out the interior of the location. As part of the agreement, Directview has received 4 free months of rent under the 10-year lease, and DirectView anticipates moving to the location on or before September 1, 2019.”
DirectView Holdings Inc. (OTCMKTS:DIRV) 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.
Recently, we have seen this company move into close proximity with the multi-billion dollar cannabis space, as well as ink a series of major new contracts with large-scale retailers. Naturally, this puts the company into the big leagues, as the market has started to see.
A New Wave in the Future?
As noted above, share have been pulling back. But, from a technical level, we would also note a very strong bullish divergence on this chart in the MACD indicator, which is settling now at much higher oscillator levels than we saw during the December low, despite a slightly lower low in share price on the chart.
In addition, the company’s new 10-year lease and the plan for a major hub in a high-growth area certainly suggests more exciting announcements may be just ahead.
“We have just signed a 10-year lease for a new, state-of-the-art multipurpose facility that will streamline our operations and further our growth strategy,” stated Roger Ralston, CEO and Chairman of DirectView Holdings. “The layout of the interior was strategically designed in a way that allows DirectView to ramp up its operations. The warehouse and shipping space will provide DirectView with a larger inventory of items in stock and will speed up the order fulfilment process, while the office space will be utilized in a way that provides superior sales, service, and technical support. The new facility will allow DirectView to reach the next milestone in growth, and I couldn’t be more proud of our team and our subsidiaries on their accomplishments this year.”
Directview Holdings Inc (OTCMKTS:DIRV) generated sales of $626K, according to information released in the company’s most recent quarterly financial report, and trailing 12-month revenues of $3.5M.