$DIRV NEW YORK, December 17, 2018 /PRNewswire/ -
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Posted On: 12/17/2018 8:34:53 AM
$DIRV NEW YORK, December 17, 2018 /PRNewswire/ --
DirectView Holdings, Inc. (DIRV) ("DirectView" "We" or the "Company"
, a company focused on ownership and management of leading video and security technology companies, today announced that it has entered into a nonbinding letter of intent (LOI) to acquire 100% of the business assets of a nationwide New York based security, surveillance and low voltage supply company (the "Target Company" for a combination of cash, debt and stock subject to change (the "Acquisition" . DirectView is currently conducting due diligence and has entered into discussions with funding sources to arrange the financing necessary to facilitate the transaction. The Target Company's business has achieved Non-GAAP unaudited revenues of approximately $45 million to date in 2018 and is operationally profitable. Upon satisfaction of the financing requirements and the Company's due diligence and evaluation DirectView plans for the Target Company to become a wholly owned subsidiary of DirectView Holdings, Inc. https://www.nasdaq.com/press-release/directvi...1217-00441
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