BOCA RATON, Fla.--(BUSINESS WIRE)--DRVW-- DirectView, Inc. (OTCBB RVW) announced today they have executed a Letter of Intent to acquire Option Data, Inc. Option Data, Inc., based in Dallas, Texas was founded in 1998. Option Data is a videoconferencing equipment and service provider founded by Mr. Tracy Strunk. Mr. Strunk has over 15 years experience in the voice, data and videoconferencing arena. Mr. Strunk will become DirectView's Central Regional Manager. Mr. Jeff Clem, Option Data's VP of Sales, will become the Vice President of Sales for DirectView, Inc. Mr. Clem has over 12 years of successful senior management experience, specifically in the videoconferencing marketplace. Mr. Clem was the former co-founder and President of NuVision Technologies, Inc. a videoconference equipment and service provider. Mr. Clem led NuVision Technologies to become the nations leading provider of PictureTel videoconferencing equipment realizing over $10,000,000 in revenues in just 4 years before selling the company to Tandberg. Michele Ralston, Chairman of the Board commented, "I am delighted to welcome Option Data to DirectView. The successful management experience Mr. Strunk and Mr. Clem bring to the table will be a great addition to the company. Based on the initial due diligence we expect this acquisition to add significantly to the revenues of DirectView." Tracy Strunk stated, "Jeff and I are happy to be adding our team to the DirectView team. We are very excited to be joining DirectView in building toward becoming the global leader in the videoconferencing marketplace. The addition of the Dallas, Texas office will offer the company new exposure and add to the national footprint of the company."
About DirectView, Inc.
DirectView Inc. (http://www.DirectViewInc.com) is a full-service provider of high-quality, cost efficient videoconferencing technologies and services. DirectView also provides multipoint videoconferencing, network integration services, custom room design, staffing, document conferencing and IP/Webconferencing services to businesses and organizations in the United States and around the world. DirectView conferencing services enable our clients to cost-effectively, instantaneously conduct remote meetings by linking participants in geographically dispersed locations.
About Option Data, Inc.
Option Data, Inc., founded in 1998, is a videoconferencing equipment and service provider founded by Mr. Tracy Strunk based in Dallas, Texas. Option Data has been recognized as one of the nation's leading value added providers of new and refurbished videoconferencing equipment and services.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission.
KEYWORD: TEXAS FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE NETWORKING E-COMMERCE INTERNET MERGERS/ACQ SOURCE: DirectView Inc.
BOCA RATON, Fla.--(BUSINESS WIRE)--DRVW-- DirectView, Inc. (OTCBB RVW) a full-service provider of high-quality, cost efficient videoconferencing technologies and services, reported results for the 2nd quarter 2004 today. Net Sales improved from $70,242. for the 2nd quarter 2003 to $247,787 for the 2nd quarter 2004, representing a 252% increase. Furthermore gross profit improved from $15,572 for the 2nd quarter 2003 to $175,959 for the 2nd quarter 2004, a 222% increase from the same period a year earlier. Sales for the 2nd quarter increased 71.6% from Q1 2004 and the gross profit for the 2nd quarter increased 69.78% from Q1 2004. Michael Perry, CEO of DirectView, Inc., said, "I am very happy to report the improved results for the 2nd quarter 2004. These figures are proof of the increased acceptance of our products and services. This also serves as proof of the positive direction of DirectView. Our focus remains the growth of top line revenues. Our intent is to garner the growing share of the videoconferencing market with unsurpassed service and professional advice." A complete quarterly report is on file and available for review on the Securities and Exchange Commission archive at http://www.sec.gov.
About DirectView, Inc.
DirectView Inc. (http://www.DirectViewInc.com) is a full-service provider of high-quality, cost efficient videoconferencing technologies and services. DirectView provides multipoint videoconferencing, network integration services, custom room design, staffing, document conferencing and IP / Webconferencing services to businesses and organizations in the United States and around the world. DirectView conferencing services enable our clients to cost-effectively, instantaneously conduct remote meetings by linking participants in geographically dispersed locations.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission.
KEYWORD: FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE NETWORKING E-COMMERCE INTERNET EARNINGS SOURCE: DirectView Inc.
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DRVW - DIRECTVIEW (OTCBB) Date Open High Low Last Change Volume % Change 08/03/04 0.0450 0.0610 0.0450 0.0450 -0.0150 286500 -25.00%
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RVW) announced today they have
