$DIRV 0035 expanding to new facility, #cannabis surveillance systems to see bottom line explode in 2019 imo
2018 Results
41% sales growth to a record $4.1 million
39% growth in product sales to a record $3.3 million
51% growth in services sales to a record $0.8 million
27% gross profit growth to a record $1.6 million
46% growth in product gross profit to a record $1.7 million
436 basis point gross profit margin decrease to 39.1%
111% increase in SG&A
Sales and gross profit trends continued to expand during 2018 and reflect strong product and services demand, while SG&A continues to reflect on-going committed investments in technology and additional customer-facing headcount. <- from recent PR
https://ih.advfn.com/stock-market/USOTC/direc...iggers-sec
Major Expansion in the Cannabis Space Triggers Security and Surveillance Demand Increase
New York, NY -- May 2, 2019 -- InvestorsHub NewsWire -- Stock Market Press -- Explosive growth continues in the Cannabis space. This growth rate is only expected to increase as more states in the USA and more countries across the world warm up to cannabis. This includes both marijuana and hemp plant varieties, something that in the USA was previously marked as Schedule 1 by the FDA but has seen some easing of restrictions with the recent passage of the Farm Bill, allowing for Hemp/CBD to be removed from the Schedule 1 classification.
Along with the easing of restrictions, an increase in security and surveillance has been required by the various governing bodies in the USA as well as other countries. As the Cannabis industry grows, companies like DirectView Holdings, Inc. (OTC: DIRV) are seeing a significant increase in business, specifically when related to cannabis cultivation, processing and sales. Providing a turnkey security-surveillance solution for all companies, big and small, in the cannabis industry goes hand in hand with the ability of the industry to flourish. Yesterday they announced plans to expand with a new location, to meet this growing demand, as a central hub for everything from inventory and training to showroom, call center and more.
https://finance.yahoo.com/news/directview-lau...00345.html
DirectView to Launch New Multipurpose Facility in Dallas, Texas
GlobeNewswire•May 1, 2019
Growth Of DirectView And Subsidiaries Highlight Need For Expansion
NEW YORK, NY- New York, May 01, 2019 (GLOBE NEWSWIRE) -- DirectView Holdings, Inc. (DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it plans to address certain requirements by leasing a new multipurpose facility in the Dallas, Texas area. The new facility is planned to contain a showroom for customers, a training facility for clients and employees, a call center for technical support and sales, a distribution office, warehouse space for inventory and shipping, and additional sales and management offices. The recent growth of DirectView and its subsidiaries is attributed to the need for a larger, more complex facility.
As noted in DirectView’s press release on March 11th, 2018 (DirectView Enters Smart Home Market with Google Home, Nest, & Amazon Ring Products), the Company’s wholly-owned subsidiary, ApexCCTV.com, recorded an increase in orders and revenue of 172% and 185%, respectively. Total traffic to the ecommerce website increased by 43%, and the Company has recently added roughly 1,000 new products, including Google (GOOG) Home, Nest, and Amazon (AMZN) Ring products, further attributing to the need for more warehouse space.
Having concluded a record year of sales growth and customer headcount, DirectView’s investment in a new facility will provide space for training employees and also provide a traning center for clients and office space to provide pre and post installation support. The new facility is anticipated to host a state-of-the-art showroom demonstrating its various security, surveillance, and access control systems to new clients. Warehouse space will be reserved to ensure product availability and space for order fulfilment will ensure timely delivery of products.
“We are in the final stages of leasing a new multipurpose facility that will streamline our operations and further our growth strategy as we continue our pursuit to be the best in the industry,” stated Roger Ralston, CEO and Chairman of DirectView Holdings. “From design to installation, to customer experience and post installation support, investments in our team and our facilities ensures we are generating the best results. We anticipate the new facility will give DirectView the competitive edge to make this year even more productive than the last.”
About DirectView Holdings, Inc.
DirectView Holdings, Inc., 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 website at www.DirectView.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
2018 Results
41% sales growth to a record $4.1 million
39% growth in product sales to a record $3.3 million
51% growth in services sales to a record $0.8 million
27% gross profit growth to a record $1.6 million
46% growth in product gross profit to a record $1.7 million
436 basis point gross profit margin decrease to 39.1%
111% increase in SG&A
Sales and gross profit trends continued to expand during 2018 and reflect strong product and services demand, while SG&A continues to reflect on-going committed investments in technology and additional customer-facing headcount. <- from recent PR
https://ih.advfn.com/stock-market/USOTC/direc...iggers-sec
Major Expansion in the Cannabis Space Triggers Security and Surveillance Demand Increase
New York, NY -- May 2, 2019 -- InvestorsHub NewsWire -- Stock Market Press -- Explosive growth continues in the Cannabis space. This growth rate is only expected to increase as more states in the USA and more countries across the world warm up to cannabis. This includes both marijuana and hemp plant varieties, something that in the USA was previously marked as Schedule 1 by the FDA but has seen some easing of restrictions with the recent passage of the Farm Bill, allowing for Hemp/CBD to be removed from the Schedule 1 classification.
Along with the easing of restrictions, an increase in security and surveillance has been required by the various governing bodies in the USA as well as other countries. As the Cannabis industry grows, companies like DirectView Holdings, Inc. (OTC: DIRV) are seeing a significant increase in business, specifically when related to cannabis cultivation, processing and sales. Providing a turnkey security-surveillance solution for all companies, big and small, in the cannabis industry goes hand in hand with the ability of the industry to flourish. Yesterday they announced plans to expand with a new location, to meet this growing demand, as a central hub for everything from inventory and training to showroom, call center and more.
https://finance.yahoo.com/news/directview-lau...00345.html
DirectView to Launch New Multipurpose Facility in Dallas, Texas
GlobeNewswire•May 1, 2019
Growth Of DirectView And Subsidiaries Highlight Need For Expansion
NEW YORK, NY- New York, May 01, 2019 (GLOBE NEWSWIRE) -- DirectView Holdings, Inc. (DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it plans to address certain requirements by leasing a new multipurpose facility in the Dallas, Texas area. The new facility is planned to contain a showroom for customers, a training facility for clients and employees, a call center for technical support and sales, a distribution office, warehouse space for inventory and shipping, and additional sales and management offices. The recent growth of DirectView and its subsidiaries is attributed to the need for a larger, more complex facility.
As noted in DirectView’s press release on March 11th, 2018 (DirectView Enters Smart Home Market with Google Home, Nest, & Amazon Ring Products), the Company’s wholly-owned subsidiary, ApexCCTV.com, recorded an increase in orders and revenue of 172% and 185%, respectively. Total traffic to the ecommerce website increased by 43%, and the Company has recently added roughly 1,000 new products, including Google (GOOG) Home, Nest, and Amazon (AMZN) Ring products, further attributing to the need for more warehouse space.
Having concluded a record year of sales growth and customer headcount, DirectView’s investment in a new facility will provide space for training employees and also provide a traning center for clients and office space to provide pre and post installation support. The new facility is anticipated to host a state-of-the-art showroom demonstrating its various security, surveillance, and access control systems to new clients. Warehouse space will be reserved to ensure product availability and space for order fulfilment will ensure timely delivery of products.
“We are in the final stages of leasing a new multipurpose facility that will streamline our operations and further our growth strategy as we continue our pursuit to be the best in the industry,” stated Roger Ralston, CEO and Chairman of DirectView Holdings. “From design to installation, to customer experience and post installation support, investments in our team and our facilities ensures we are generating the best results. We anticipate the new facility will give DirectView the competitive edge to make this year even more productive than the last.”
About DirectView Holdings, Inc.
DirectView Holdings, Inc., 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 website at www.DirectView.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
