DirectView, Inc. Inc. Announces Langley Park Investment Trust Plc Begins Trading on London Stock Exchange.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- DirectView Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DRVW) announced today that Langley Park Langley Park, uninc. town (1990 pop. 17,474), Prince Georges co., W central Md., a suburb of Washington, D.C. The town has grown with the development of the greater Washington, D.C. metropolitan area and has light industries and businesses. Investment Trust Plc was admitted to the Full List of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and that dealings in Langley shares have commenced on Oct. 7, 2004. DirectView, Inc. had previously signed an agreement with Langley to engage in a transaction for the funding of the company. The agreement calls for the purchase, by Langley, of DirectView Inc. restricted common shares, valued at the time of the closing at $2,398,750.00 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , in exchange for shares of the investment company. Langley has been established specifically to invest in U.S. micro cap companies with long-term growth potential. Langley has entered into a "lock-up" agreement with DirectView Inc. pursuant to which it has agreed not to trade DirectView Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of DirectView Inc., Langley has issued to DirectView Inc. $2,398,750.00 USD equivalent of its shares at a price per share valued at One Pound Sterling. Fifty percent of Langley's shares issued to DirectView Inc. will be held in escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. for two years following their issuance and in the event the per share market price of DirectView Inc. common stock at such time is less than the per share value of DirectView Inc. stock at the time of the closing, Langley shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to DirectView Inc. at the time of any such release back to Langley. Jeffrey Robbins, President of DirectView stated, "We are very pleased to be receiving this capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. . This will enable DirectView to aggressively begin new marketing of our current products and services. It will further provide for continued development of our proprietary videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems products." About DirectView, Inc. DirectView Inc. (http://www.DirectViewInc.com) is a full-service provider of high-quality, cost efficient videoconferencing technologies and services. DirectView provides multipoint videoconferencing, network integration services, custom room design, staffing, document conferencing and IP / Webconferencing services to businesses and organizations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world. DirectView conferencing services enable our clients to cost-effectively, instantaneously conduct remote meetings by linking participants in geographically dispersed locations. This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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, full completion with the investment company, 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. |
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