$DIRVD ONLY 23MIL OS 0064 x 0065 READ THIS REPORT TODAY:
NEW YORK, NY / ACCESSWIRE / August 16, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update note on DirectView Holdings, Inc. (OTC: DIRV / OTC: DIRVD).
The report is available here: DIRV August Update Note.
Highlights from the update are as follows:
DIRV advancing BWC initiative with strategic partnership
DIRV has made notable progress advancing its new body-worn camera product lineup in the last year. The company received its first product run of the high definition DV-x1 in March, and has been actively engaging potential law enforcement and private security customers across five states since that time. With recent current events making more urgent the need to protect and hold accountable law enforcement and the people with whom it interacts, the DV-x1 should be hitting the market at an opportune time. Management has also been engaging in strategic co-marketing partnerships with consulting companies targeting law enforcement agencies as it seeks to build initial reference customers for the DV-x1 and accelerate sales. Management has already shown its ability to execute strategic partnerships in the past, such as its deal with XGTI to integrate its "xMax" private mobile broadband technology in to its products and jointly promote the DV-x1.
Reverse split completed August 2, 2016
DIRV CEO Roger Ralston announced that DirectView completed a 1:35 reverse stock split on August 2, 2016. The announcement estimated new basic shares outstanding at 23mn. In our view the reverse split is the prudent course of action given the rise in shares outstanding after capital raising activities by the company over the last year to fund operations and develop / promote the new body worn camera product line caused significant dilution. DirectView shares will trade under the ticker DIRVD temporarily to reflect this action.
Adjusting price target to $0.20
We are updating our price target for DirectView to $0.20 to reflect the reverse split and issuances of new shares and convertible securities that exceeded our initial thinking. We continue to see the company as a speculative investment in the rapidly growing market for body-worn cameras in law enforcement. Recent current events clearly highlight the growing need for BWCs such as DirectView's DV-x1 for both law enforcement officials as well as those with whom they interact. We are hopeful that the company's new product line is hitting the market at the right time and that DIRV can begin to show sales leverage from its BWC development efforts over the next 12-18 months. Mitigating this view are the considerable financial and operational challenges faced by the company due to a weak balance sheet and negative cash flows.
Please review important disclosures at www.seethruequity.com.
About DirectView Holdings, Inc.
DirectView Holdings, Inc., together with its subsidiaries, provides teleconferencing 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 www.DirectView.com.
NEW YORK, NY / ACCESSWIRE / August 16, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update note on DirectView Holdings, Inc. (OTC: DIRV / OTC: DIRVD).
The report is available here: DIRV August Update Note.
Highlights from the update are as follows:
DIRV advancing BWC initiative with strategic partnership
DIRV has made notable progress advancing its new body-worn camera product lineup in the last year. The company received its first product run of the high definition DV-x1 in March, and has been actively engaging potential law enforcement and private security customers across five states since that time. With recent current events making more urgent the need to protect and hold accountable law enforcement and the people with whom it interacts, the DV-x1 should be hitting the market at an opportune time. Management has also been engaging in strategic co-marketing partnerships with consulting companies targeting law enforcement agencies as it seeks to build initial reference customers for the DV-x1 and accelerate sales. Management has already shown its ability to execute strategic partnerships in the past, such as its deal with XGTI to integrate its "xMax" private mobile broadband technology in to its products and jointly promote the DV-x1.
Reverse split completed August 2, 2016
DIRV CEO Roger Ralston announced that DirectView completed a 1:35 reverse stock split on August 2, 2016. The announcement estimated new basic shares outstanding at 23mn. In our view the reverse split is the prudent course of action given the rise in shares outstanding after capital raising activities by the company over the last year to fund operations and develop / promote the new body worn camera product line caused significant dilution. DirectView shares will trade under the ticker DIRVD temporarily to reflect this action.
Adjusting price target to $0.20
We are updating our price target for DirectView to $0.20 to reflect the reverse split and issuances of new shares and convertible securities that exceeded our initial thinking. We continue to see the company as a speculative investment in the rapidly growing market for body-worn cameras in law enforcement. Recent current events clearly highlight the growing need for BWCs such as DirectView's DV-x1 for both law enforcement officials as well as those with whom they interact. We are hopeful that the company's new product line is hitting the market at the right time and that DIRV can begin to show sales leverage from its BWC development efforts over the next 12-18 months. Mitigating this view are the considerable financial and operational challenges faced by the company due to a weak balance sheet and negative cash flows.
Please review important disclosures at www.seethruequity.com.
About DirectView Holdings, Inc.
DirectView Holdings, Inc., together with its subsidiaries, provides teleconferencing 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 www.DirectView.com.
