Directview Holdings Inc (OTCMKTS:DIRV) has gotten very interesting again in recent action. This is the stock that rallied 800% in a month earlier this year. Shares of DIRV pulled back to re-establish key support at the half-cent level before curling higher to break out back above the penny level and the 200-day moving average this morning, bucking weakness seen across the market. We are now seeing a pullback to test that key zone ($0.01/200-day MA) as support, which could end up being a potentially powerful trigger level for a possible launch back higher.
To help potentially inspire such a move, the company just this morning announced that its wholly-owned subsidiary, Virtual Surveillance, has signed a master agreement to work with world-renowned Texas builder, Rogers-O’Brian.
Directview Holdings Inc (OTCMKTS:DIRV), 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.
On the Launching Pad?
As noted above, DIRV just announced a groundbreaking agreement with world-renowned Texas builder, Rogers-O’Brian.
According to the release, the master agreement grants Virtual Surveillance the ability to bid on any jobs in which Rogers-O’Brian is operating as a general contractor. DirectView’s Virtual Surveillance has started work on its first contract through the premier builder and will be providing their array of cutting-edge security and surveillance products as well as installation and providing multiyear ongoing support.
The company plans on providing further details on this prestigious project in the near future.
Roger Ralston, CEO and Chairman of DirectView, commented “Virtual Surveillance is honored to become an authorized security and surveillance contractor for Texas’ most renowned builder. This offers the company an additional source of business that we feel so proud and privileged to be part of. Rogers-O’Brian has been a builder for over 50 years and has been responsible for some amazing projects such as Pizza Hut’s 433,540 square foot Corporate Headquarters, and the 266,250 square foot Methodist Richardson Medical Center. DirectView is looking forward to providing the best security, surveillance, access control equipment, related products and infrastructure cabling and services to projects of this magnitude.”
DIRV has shown a repeated ability to harness huge momentum in the wake of positive announcements like this, so it bears watching closely.
Directview Holdings Inc (OTCMKTS:DIRV) pulled in sales of $1.1M in its last reported quarterly financials.