DirectView Technology Group's Wholly Owned Subsidiary Shows Greater Benefits in Comparing Tracking Devices to its Competitors
Company Posts Direct Head to Head Comparisons of Cyber Tracker to LoJack
BOCA RATON, Fla., Dec. 15 -- DirectView Technology Group, Inc. (OTCPK: 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, compares its new CT-150 and CT-410 products with global leader LoJack, Corp., publicly traded on the NASDAQ as LOJN, in the stolen vehicle recovery market. Homeland Integrated Security Systems has posted the comparisons on its website as part of its new marketing and sales campaign to help generate more market share. The comparison may be accessed on the www.HISSUSA.com directly at http://www.hissusa.com/downloads/Product_Comparison_CT150-CT410-LoJack.pdf
The CT-150 and CT-410 are low cost solutions that can help recover stolen vehicles using a combination of GPS and cellular platforms to track the vehicle's location. The CT-100 is a personal tracking device, while the CT-150 is used for standard GPS tracking applications, and is an economical device that is available on GSM platforms anywhere that a cellular or GPS signal is available. Both products are equipped to send a message to the owner if a vehicle is moved, providing an early warning notification when a vehicle is being stolen. LoJack's product also has this feature; however, it bears an additional cost of $400 on its customers. Compared to LoJack, the Cyber Tracker units can be used nationwide and worldwide, whereas LoJack can only be used in jurisdictions where police forces have adopted the tracking technology in their vehicles. Cyber Trackers can be tracked from any device that has internet access.
LoJack, publicly traded on the NASDAQ as LOJN, 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.
"We are confident that the benefits of the Cyber Tracker are exponentially superior, compared to any product on the market. Our goal is to market our product to eventually become the leading tracking technology devices nationwide," stated Roger Ralston, CEO of DirectView Technology Group, Inc.
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.hissusa.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 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.
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