DirectView Builds Project Pipeline with Strategic Partnerships
Ryan Allway
September 9th, 2014
News, Top News
[stockchart symbol=DIRV]
DirectView Holdings Inc. [stockquote symbol=DIRV], a leading provider of surveillance solutions targeting the cannabis industry, recently announced the completion of two security installations in the Denver area and expects to begin working on a third project in September pending permit approval following its recently announced strategic partnership in the cannabis industry.
“We are pleased to have completed these initial installations related to our strategic partnerships in the cannabis industry,” said DirectView Holdings Inc. Chairman and CEO Roger Ralston. “We believe this is only scratching the surface of the potential benefits of partnering with other professionals serving this industry. We look forward to working closely with our strategic partners as we continue to expand our security presence in this rapidly expanding business vertical.”
Over the past several weeks, the company announced a series of strategic partnerships with companies involved in various parts of the cannabis industry, including Legacy Construction Company of Colorado LLC, which specializes in legal cannabis growing and dispensing construction and remodeling projects. These projects have helped create a growing pipeline of security projects for the firm.
The three recent projects included an initial comprehensive package of security and surveillance equipment at facilities including the installation of IP megapixel security cameras, NVRs, and intrusion alarm systems. As a result of the agreements, the company anticipates generating approximately $140,000 in revenue and has additional proposals under evaluation totaling more than $500,000 in value.
In addition to the cannabis industry, the company provides security solutions to a number of other end markets. For instance, the company announced that it installed a complete video surveillance and security system at RaceLine MotorSports back in June, while it continues to pursue additional contracts across multiple industries in order to diversify its revenue across different industries and clients.
Shares of DirectView Holdings Inc. jumped more than 13% in late trading on Tuesday, September 9, 2014 following the news release.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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