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
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