DPW Holdings, Inc. (NYSE American: DPW) today announced that
a proposed reorganization of its corporate structure has been approved by its
board of directors. The reorganization is intended to enable DPW to reach
strategic objectives, including its growth strategy, and assist in clear
distinction of the components and purpose of each subsidiary for investors and
others. Under the restructure, DPW Holdings will acquire, develop and spinoff
companies in two wholly-owned groups, anticipating to begin separate accounting
for each in 2019. The separate divisions will be organized as: DPW Technology
Group, which will focus on advanced technology, design, power solutions and
manufacturing businesses in defense, aerospace, telecom, medical and textiles;
and DPW Financial Group, which will engage in lending, cryptocurrency mining,
hospitality and real estate.
“DPW constantly evaluates options to increase stockholder
value through acquisition, appreciation, and disposition of our companies and
strategic investments,” CEO and Chairman Milton “Todd” Ault, III, stated in the
news release. “We own, fund and grow multiple companies in various sectors with
commonalties in the business models, growth strategies, and needs for financing
and leadership. We believe supporting our assets in these two specific groups
will enhance our ability to help them achieve their objectives and, ultimately,
generate greater value.”
To view the full press release, visit http://ibn.fm/EIn1q
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive technologies with
global impact. Through its wholly owned subsidiaries and strategic investments,
the company provides mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial, telecommunications,
medical, crypto-mining, and textiles. In addition, the company owns a select
portfolio of commercial hospitality properties and extends credit to select
entrepreneurial businesses through a licensed lending subsidiary. For more
information, visit the company’s website at www.DPWHoldings.com
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news
breaks keep you up-to-date with the day’s top movers. MissionIR is primarily
focused on strategic communications. We have executed countless communications
programs to address the needs of companies ranging from start-ups to
established industry leaders, gaining valuable experience and the expertise
necessary to determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
