DirectView Holdings, Inc., (OTC: DIRV) (“DirectView” or the “Company”), a company focused on ownership and management of leading video and security technology companies, announced today that the Company has reached a settlement agreement with two creditors, fully satisfying the convertible Promissory Notes (the “Notes”) of the underlying agreements in full, saving the company approximately $104,000.00.
This settlement has eliminated any further contractual obligations with the note holders. The debt satisfied totalled $262,500.00. Individually, the note settelments were $79,322.35 and $183,177.65.
Roger Ralston, DirectView’s CEO said, “DirectView is setting new records in 2018, and we wanted to take things a step further by restructuring corporate financing. The process involves negotiating with current note holders in regard to debt settlements agreements, which include reducing balances and interest rates. At DirectView, shareholder value is of the utmost importance.”
Cautionary Statement Regarding Forward Looking Statements
Forward Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company’s business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as “will,” “expect,” “anticipate,” or “may,” or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in our filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.