DirectView settles $100,000 private placement of $105,263 convertible

10% convertible promissory note sold to lone investor through offering

By Devika Patel

Knoxville, Tenn., April 7 – DirectView Holdings, Inc. sold a $105,263 10% convertible promissory note to a single investor for $100,000 on April 1, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The notes have a 5% original issue discount and mature on March 31, 2017. It is convertible into common stock at a conversion price equal to 70% of the lowest traded price of the stock in the preceding 30 trading days.

The Boca Raton, Fla., company provides security, surveillance, video, and teleconferencing technologies and services.

Issuer:	DirectView Holdings, Inc.
Issue:	Convertible promissory note
Amount:	$105,263
Maturity:	March 31, 2017
Price:	5% original issue discount, $100,000
Coupon:	10%
Conversion price:	70% of the lowest traded price of the stock in the preceding 30 trading days
Warrants:	No
Settlement date:	April 1
Stock symbol:	OTCBB: DIRV
Market capitalization:	$1.07 million

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