DirectView Announces Letter of Intent to Acquire Option Data, Inc.
BOCA RATON, Fla.--(BUSINESS WIRE)--July 27, 2004--DirectView, Inc. (OTCBB:DRVW) 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.
Contacts
DirectView Inc., Boca Raton
Investor Relations: Jeffrey Robbins, 800-300-7781
IR@DirectViewInc.com
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