One stock that has recently jumped on our radar for a mix of technical and fundamental reasons is Directview Holdings Inc (OTCMKTS:DIRV). The stock just locked in a possible double bottom at key half-cent support with a major rally underway this week. In addition, the company also recently hit the market with word that the first half of 2018 was a stunner, with 70% sales growth to a record $2.3 million so far this year.
To further push the narrative, we just got the huge news today that Directview has now signed a $150,000 contract for a security and surveillance project for a major NYC hotel, opening the door to further contracts in the hospitality space in New York and across the country. According to the release, “The company has been awarded a contract for DirectView’s surveillance and access control products and services including a multi-year ongoing service and support agreement. DirectView’s equipment was chosen to protect the world-renowned high-rise hotel in Midtown NYC.”
Directview Holdings Inc (OTCMKTS:DIRV) bills itself as a company that, through its subsidiaries, operates as a full-service provider of teleconferencing services to businesses and organizations. The company operates in two divisions, Security and Surveillance, and Video Conferencing Services.
The Security and Surveillance division provides surveillance systems, and digital video recording and services, including DVR recorders and cameras, video intercoms, NVR recorders and IP cameras, laser and video beam perimeter security products, motion detection and thermal imagery products, security design and consulting, remote control device management, equipment maintenance service plans, and access control solutions.
It also develops customized software programs; and DirectView Security App, a mobile application to enable full remote management of deployed surveillance devices, such as positioning cameras, setting recording parameters, and replay of selected video. This division serves transportation, hospitality, industrial, educational, and residential markets. The Video Conferencing Services division provides multipoint video conferencing, network integration, custom room design, staffing, document conferencing, and IP/Web conferencing services that enable its clients to conduct remote meetings by linking participants in geographically dispersed locations. It is also involved in the sale of conferencing services based upon usage, sale and installation of video equipment, and sale of maintenance agreements.
This division provides its services to organizations, such as professional service firms, investment banks, high tech companies, law firms, investor relations firms, and other domestic and multinational companies in commercial, government, medical, and educational sectors. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Website. DirectView Holdings, Inc. was founded in 2006 and is based in Boca Raton, Florida.
The Signals are Adding Up
As noted above, DIRV has become increasingly interesting due to recent data pointing to an accelerating sales growth trend so far in 2018 and some technicals signals starting to appear on the chart that point to a possible major bottom in the making.
Now, we get this new breaking news today to really flesh out the story.
Roger Ralston, CEO of DirectView commented “DirectView is honored to be chosen as the provider and installer for one of New York City’s largest and most prestigious hotels. This contract is a true testament to the superior products and services we offer in NYC and across the country. Many hotel owners in New York City are opting to overhaul their existing and outdated security and surveillance systems. For hotels, the safety and security of staff and guests is of the upmost importance. DirectView is confident that this contract will further our foothold in the NYC hospitality market.”
This is definitely a stock to keep on the radar right now.