DPW Holdings (NYSE American: DPW) this morning announced
that the company has completed establishing DPW Financial Group, Inc. and DPW
Technologies Group, Inc., both Delaware corporations. The previously-announced
move will enable DPW to aggregate all reporting by its subsidiaries and
business units through these two new subsidiaries, beginning as early as Q1 of
2019. The company anticipates that the realignment will enable it to more
efficiently leverage its sustainable assets and set the stage for other company
initiatives in 2019 and beyond, including pursuit of additional strategic
investments. Under the new organizational structure, DPW will own 100 percent
of the two groups. DPW Technology Group, Inc. will focus on advanced
technology, design, power solutions and manufacturing businesses throughout
defense, aerospace, telecom, medical, and textiles sectors and will include
Coolisys Technologies, Inc., Digital Power Corporation, Microphase Corporation,
Enertec Systems 2001 Ltd, Digital Power Limited, and Power-Plus Technical
Distributors, LLC. DPW Financial Group, Inc. will focus on lending,
cryptocurrency mining, hospitality, and real estate and includes Digital Power
Lending, LLC, IAM, LLC and Super Crypto Mining, Inc.
To view the full press release, visit http://ibn.fm/RMEwP
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
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