DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV)
DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV)’s newly acquired subsidiary, ApexCCTV LLV, has been selected as an exclusive marketing campaign partner for Samsung surveillance products. The deal, according to the Acquisition chief executive officer, Mark D. Harris, affirms the parent company’s strategy to position ApexCCTV as the go-to internet site for surveillance products.
CEO Mark Harris confirmed the company is pursuing similar partnerships as they look to bolster ApexCCTV platform credibility given its proven web presence that consistently generates millions of dollars.
“This marketing campaign of these high-quality Samsung products is a fantastic opportunity for us to showcase our ability to market special product offers to our growing online customer base in order to create a win-win scenario for both vendors and customers. We are excited to have been chosen for this project and we look forward to working on additional campaigns […],” said Mr. Harris
The signing of the agreement comes barely a month after DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV) completed the acquisition of ApexCCTV in addition to acquiring Video Surveillance LLC. The two Texas-based video security and surveillance boast of a combined revenue of $5.3 million.
Under the terms of the agreement, DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV) acquired all outstanding equity interest in the two companies in a cash transaction valued at $1.9 million. The amount is to be paid six months from the time of acquisition. Once the deal closes Directview will have additional compensation payments based on positive annual average cash flows.
DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV) has already confirmed it has received a non-binding term sheet to finance payments as it moves to accelerate the growth of the two combined companies. In addition, the company plans to pursue new financing sources to generate shareholder value.
Harris is to become the president of the two companies, having entered into a three-year employment Agreement with Directview. He joins the company with 25 years of experience and proven record in revenue growth. DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV) CEO, Roger Ralston, believes Harris’ expertise, complemented by the company’s ability to tailor customized solutions, will go a long way in accelerating organic sales growth going forward.
DIRECTVIEW HOLDING COM USD0.0001 (OTCMKTS:DIRV) ended at $0.00040 in Friday trading session.
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About the author: Jack is originally from Scotland and arrived in the USA 20 years ago to study chemistry. His studies led him to a job with a Fortune 500 company and then to a stint as an analyst for a private equity firm. After the 2008 meltdown Jack returned to Scotland where he works full-time as an analyst and travel writer.