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DirectView Technology Group's Wholly Owned Subsidiary to Compete Against Major Global Brand in the Vehicle Recovery Market
BOCA RATON, Fla., Dec 11, 2008 /PRNewswire-FirstCall via COMTEX/ --
DirectView Technology
Group, Inc. (Pink Sheets: DVWG) a Company focused on ownership and management
of leading technology companies, is pleased to announce that the Company's
wholly owned subsidiary, Homeland Integrated Security Systems, has launched a
campaign to compete with global leader LoJack Corp., which is traded on the
Nasdaq Stock Exchange under the symbol "LOJN", in the stolen vehicle recovery
market. The Company has unveiled new product comparison models to LoJack for
its CT-150 and CT-450 vehicle recovery units. Homeland Integrated Security
Systems will post the comparisons on its website www.hissusa.com as part of
its new marketing and sales campaign in order to gain market share. The
company will also be making a public release with the head to head comparisons
in the near future.
The CT-150 and CT-410 can help recover stolen vehicles using a combination
of GPS and cellular platforms to track the vehicle's location worldwide. The
Cyber Tracker units can also alert the owner if the vehicle is moving and
trigger a variety of alarms including disabling the vehicle when violating an
off-limits zone. Compared to LoJack, the Cyber Tracker units are easier to
install, maintain can be used worldwide and are more affordable. LoJack can
only be used in jurisdictions where police forces have installed LoJack
tracking technology. Cyber Trackers can be tracked from any device that has
internet access including Blackberry devices and PDA's with internet access.
LoJack created the stolen vehicle recovery category more than 20 years ago
and has since earned a 90 percent recovery success rate. Globally, more than
250,000 LoJack-equipped stolen vehicles worth over $5 billion have been
recovered using LoJack technology. According to the most recent FBI Uniform
Crime Report, 1.1 million motor vehicles were reported stolen, resulting in
$7.4 billion in lost assets.
Roger Ralston, CEO of DirectView Technology Group, Inc. stated, "We are
confident that the Cyber Tracker is very competitive to any product on the
market. We are now offering a fresh, updated approach to vehicle recovery and
asset management. Our technology allows for individuals, police and other
agencies to easily locate vehicles and assets by simply using a cell phone,
PC, Blackberry or any internet connected device. We believe that our products
will allow end users to enter the 21st century of vehicle and asset tracking
capability. We are committed to improving shareholder value and opportunity
and we feel this is a great stride in doing just that."
DirectView Technology Group will be hosting a nationwide teleconference
December 18, 2008. There is expected to be a high demand for the call-in lines
for this Nationwide Teleconference and space will be limited. Please call
1-866-THE-APPL(E) or go to www.DirectViewTechnologies.com today to reserve
your place and receive the information that will enable you to participate in
the conference.
About DirectView Technology Group, Inc.:
DirectView Technology Group, Inc. is a company whose focus is on ownership
and management of leading and emerging technology companies. There are
currently two companies in its portfolio.
DirectView Video Technologies, Inc., a wholly-owned subsidiary of
DirectView Technology Group, Inc., is a full-service provider of video, audio,
multipoint videoconferencing, document conferencing, data and IP
videoconferencing services to businesses and organizations in the United
States. The Company distributes award-winning videoconference products and
peripherals to organizations such as professional service firms, investment
banks, high tech companies, law firms, state and local government agencies,
investor relations firms, and other domestic and multinational companies.
Homeland Integrated Security Systems is a technology-based company that
with various technologies, which include GPS vehicle and asset tracking and
management. The Cyber Tracker technology product line has applications for
data and tracking functions across a variety of industries, utilizing CDMA,
IDEN, and GSM technologies. In addition, the use of satellite technology in
conjunction with the Cyber Tracker is under development.
Statements contained in this news release, other than those identifying
historical facts, constitute "forward-looking statements" within the meaning
of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor
provisions as contained in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings, technology
efficacy, strategies and plans, are subject to safe harbors protection. Actual
Company results and performance may be materially different from any future
results, performance, strategies, plans, or achievements that may be expressed
or implied by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
Contact:
DirectView Technology Group, Inc.
888-704-8700
www.DirectViewTechnologies.com
or Call
Investor Relations
+ 1-866-THE-APPL(E)
SOURCE DirectView Technology Group, Inc.
http://www.directviewinc.com
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