DirectView Targets Cannabis Security Market with New Contract
March 20th, 2014
News, Top Story
The inability to deposit cash into bank accounts has made security a paramount concern for the cannabis industry. Burglars that swipe cannabis products alone could make out with $20,000 or more at a given retail location, while vaults can contain many times that amount in cash. To compound problems, many security companies like ADT have dropped cannabis stores due to concerns that the drug remains illegal on a federal level.
DirectView Holdings Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, recently announced that its subsidiary would be addressing these issues. DirectView Security was selected by a privately-held Colorado cannabis operation to secure a 15,000 square foot facility in Denver. The move could set the stage for similar contracts within the industry moving forward.
Read the full press release discussing the contract here:
DirectView Holdings, Inc. (OTCQB: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that its wholly owned subsidiary DirectView Security has been selected by a privately held Colorado based company to provide a comprehensive video surveillance and alarm monitoring system for a 15,000 square foot cannabis facility in Denver, Colorado.
DirectView Security will provide installation of IP surveillance cameras with NVR recording covering the entire facility. Management of the facility will have full remote monitoring capability of each camera using the DirectView App twenty-four hours a day, seven days a week. The Company will also provide alarm and temperature monitoring equipment to secure the facility and provide instant notifications in the event of any temperature variances. Temperature management is critical to ensuring the highest possible yield at the facility. DirectView Security expects to begin the installation within the month.
Commenting on the announcement, Roger Ralston, CEO and Chairman of DirectView, stated, “We are pleased to have been selected as the security provider for this facility in Denver. This installation represents an important milestone for our company in that it will help to showcase our ability to provide top-notch systems for the cannabis industry. Colorado is at the epicenter of this fast growing industry and we believe the successful implementation of our system here will serve as a springboard for DirectView as we look to become a leading provider in this important business vertical.”
About DirectView: (OTC: DIRV)
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 our websites at http://www.DirectViewSecurity.com / http://www.DirectViewInc.com
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Forward Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company’s business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as “will,” “expect,” “anticipate,” or “may,” or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in our filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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