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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