Directview Holdings Inc (OTCMKTS:DIRV) shares have started to spark some interest among traders. This extremely cheap sub-penny ticker has been on the move, rallying about 10% in the past ten days on steadily increasing volume as the company finds traction on a few strong catalysts. For example, the company recently announced that it has received a new contract with LBU Lighting and have been reselected to provide and install surveillance equipment for the retailer’s multiple new locations in Central Florida.
According to the release, “DirectView and DirectView Security Systems have a strong history of installing and maintaining surveillance systems for LBU Lighting. DirectView and LBU Lighting’s business relationship began in 2016 when DirectView was contracted to provide surveillance systems for the retailer’s many showroom locations. DirectView’s extensive expertise, top notch products, installation, and maintenance were all contributing factors when being reselected to provide and install surveillance equipment for the retailer’s new locations.”
DirectView Holdings Inc. (OTCMKTS:DIRV) provides video surveillance solutions and teleconferencing products and services to businesses and organizations.
The company also just announced that its CEO, Roger Ralston, is attending the 31st Annual ROTH Conference at the Ritz Carlton, Laguna Niguel in Orange County, California.
Roger Ralston, CEO and Chairman of DirectView, stated “I am extremely grateful for the opportunity to be able to attend this incredible conference. So far, I have had several opportunities to discuss DirectView’s security and surveillance offerings with both public and private companies operating in multiple sectors. The ROTH Conference is an excellent platform to discuss offerings and generate new ideas among business owners. DirectView will be attending other conferences this year to meet with potential investors, potential clients and coordinate with other companies.
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.
Locking it In
As we discussed earlier, DIRV recently announced that it has received a new contract with LBU Lighting and have been reselected to provide and install surveillance equipment for the retailer’s multiple new locations in Central Florida.
The context for this announcement is a bit of a bid, with shares acting well over the past ten days, up about 10% in that timeframe.
Roger Ralston, CEO and Chairman of DirectView, stated “We are pleased to report that DirectView has been reselected to install surveillance equipment for LBU Lighting’s new locations. In its more than 30 year history, LBU Lighting has become a premier retailer of lighting products in Flordia, and we are honored to be reselected to install surveillance equipment for its multiple new locations. For DirectView and its subsidiaries, going the extra mile to ensure quality products, installation, and maintenance plays an important role in generating business from return customers. Since DirectView’s beginning, building and maintaining strong business relationships with our customers is a fundamental aspect of our business. Trust and satisfaction play an important role in generating new customers through recommendations.”
Directview Holdings Inc (OTCMKTS:DIRV) managed to rope in revenues totaling $1M in overall sales during the company’s most recently reported quarterly financial. In addition, the company has cash levels of around $180K.