Directview Holdings Inc (OTCMKTS:DIRV) continues to sat at the top of many speculators watch lists as it trades just a hair over all-time lows. The stock has a long history of big moves making a spectacular run in early 2014.
DIRV has successfully attracted a loyal shareholder base who has been busy bidding up the price and transforming the stock from thinly traded to one of the top traded stocks on the exchange well into penny land.
Directview Holdings Inc (OTCMKTS:DIRV) operates through its subsidiaries providing security services, video, and teleconferencing technologies primarily to the government, medical, commercial and education industries. The Company’s Security and surveillance divisions provide clients with integrated security management systems.
DIRV recently said it is expanding its product offering to encompass thermal cameras, intelligent security cameras equipped with facial recognition, and other technologies. DIRV also operates a video conferencing division that offers clients services such as document conferencing, data and IP video conferencing technologies as well as video, audio, multipoint and video conferencing.
Recently DIRV announced the planned launch of a Body-Worn Camera called the DVXG-1000 in 3rd Quarter 2015. The planned Camera is loaded with unique features such as Bluetooth, high capacity streaming video, push to talk, GPS, imbedded biometrics as well as WIFI or 4G LTE.
The DVXG-1000 will also be able to be paired with DirectView’s soon to be deployed cloud solution for storage. The cloud storage will be offered on a subscription basis with monthly and annual plans available. The company expects the DirectView body camera to be the most feature rich device available in the rapidly evolving body and wearable camera market.
Back in April DIRV announced an agreement with xG Technology, Inc. a developer of wireless communications and spectrum sharing technologies, to integrate DirectView’s body-worn camera with xG’s xMax private mobile broadband technology.
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The proprietary integrated solution (code named the “DVXG-1000”) is scheduled to be launched in the third quarter of 2015. The DVXG-1000 will consolidate the advanced features and functionality of DirectView’s body-worn camera with the private, secure, high-performance communications capabilities of xG’s xMax. Both companies intend to initially focus joint marketing efforts toward the law enforcement, military, government, education and real estate security markets. The DVXG-1000 will have a number of state of the art features including high capacity streaming video, Bluetooth®, GPS, push to talk, WIFI/4G LTE, and imbedded biometric access.
In May DIRV said its planned body camera integration with xG Technology, Inc. (“xG”) (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, was highlighted during a news segment broadcast by Sarasota, Florida Local ABC News Affiliate WWSB on the May 8, 2015 5:30 PM edition of its news program.
On November 3 DIRV announced it expects to commence live field testing of its HD body-worn-camera solution at several U.S. police departments beginning in December 2015.
The Company is finalizing arrangements with three initial police departments to begin product field tests and work with DirectView to establish standard operating procedures (SOPs) within each respective department.
The parties will also be working together in an effort to establish new industry standards in storage of video and audio from the DirectView body cameras including onsite server and off site DirectView cloud storage as well as proper use of important redaction options. Further discussions will include feedback on different pricing models DirectView intends to offer including recurring revenue models with minimal upfront costs for departments with limited budgets for capital expenditures.
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Currently trading at a $1.1 million market valuation DIRV has minimal assets and rising short term debt with small but growing revenues reporting $510,844 in sales for 2014 up from $249,343 in 2013. DIRV is an exciting story developing in small caps; the Company has developed a number of security applications including the soon to be released DVXG1000 body-worn-camera and the stock boasts a fast growing shareholder base who believes this one goes way higher. We will be updating on DIRV when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DIRV.
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Disclosure: we hold no position in DIRV either long or short and we have not been compensated for this article