DPW Holdings Inc. DPW Archives

FridayJan 25, 2019 10:30 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Enters Stock Purchase Agreement with Ault & Company, Inc.

Diversified holding company DPW Holdings (NYSE American: DPW) this morning announced that it has entered a stock purchase agreement with Ault & Company, Inc., a Delaware corporation, with the sale subject to approval by the NYSE American stock exchange. Under the agreement terms, DPW will issue 416,667 common stock shares to Ault & Company, Inc. at a purchase price of $0.12 per share for total consideration of $50,000. Ault & Company, Inc. is a private holding company controlled by Mr. Milton C. Ault, III the company’s chairman and chief executive officer. To view the full press release, visit http://ibn.fm/k1q1e About…

TuesdayJan 15, 2019 10:01 am

QualityStocksNewsBreaks – DPW Holdings, Inc.’s (NYSE American: DPW) Crypto Mining Subsidiary Changes Name, Enters MOU for Real Estate Asset Providing Significant Power Cost Savings

DPW Holdings (NYSE American: DPW) this morning announced that Super Crypto Mining, Inc., its wholly owned indirect subsidiary, is changing its name to Digital Farms Inc. (“DFI”). Concurrent with the name change, DFI intends to enter into a new partnership with Digital Farms Management, LLC, a company with deep experience in the data center development and management sector and real estate markets. According to the update, the partners plan to purchase a Michigan-based data-center and leverage the many positive attributes of the real estate asset. The move represents DFI’s dedication to its long-term strategy to control low electric costs, which…

FridayJan 11, 2019 10:18 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Reports Progress on Corporate Realignment Designed to Set the Stage for Strategic Initiatives

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…

WednesdayJan 02, 2019 9:30 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Subsidiaries Receive Debt Financing to Decrease Defense Sector Order Backlog

Diversified holding company DPW Holdings (NYSE American: DPW) recently announced that two of the company’s subsidiaries secured $700,000 in debt financing, driving its effort to cut the order backlog for the defense sector businesses of Coolisys Technologies, Inc. including its subsidiary, Enertec Systems 2001, Ltd. and Microphase Corporation Inc. The current backlog of these businesses encompasses $17,500,000. $10,500,000 of the backlog is estimated to have a gross profit margin of 28% for fiscal year 2019 and the remaining $7,000,000 has a gross profit margin of roughly 40%. “This funding is strategic as it begins our renewed efforts to reduce the…

TuesdayDec 18, 2018 9:41 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Board of Directors Approves Pursuit of DPW Technology Group IPO

DPW Holdings (NYSE American: DPW) this morning announced that its board of directors has authorized the officers of the company to pursue a separate listing and initial public offering (“IPO”) of its DPW Technology Group, which is comprised of DPW’s defense and aerospace businesses as well as the electronics and power solutions businesses. Completion of the IPO is anticipated to occur in the first half of 2019, at which time DPW is expected to remain a majority shareholder of the new entity. DPW Technology Group plans to hire a chief executive officer to provide leadership during the IPO and to…

MondayDec 03, 2018 9:46 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Subsidiary Secures $1.3M in Repeat Customer Contracts

DPW Holdings, Inc. (NYSE American: DPW) this morning announced that its subsidiary, Coolisys Technologies, Inc., has received two repeat customer contracts valued at $1.3 million. The recent contracts include a $630,000 order for a Power-Plus value-added solution from a leading dental technology company and a $400,000 order for a custom high-grade AC/DC Digital Power Corporation power supply from a tier-1 medical technology company. “The success of Coolisys and its business units is driven by our ability to design, develop and deliver cost effective power solutions to highly discerning customers, especially those in the medical and dental industry,” Coolisys COO Russell…

TuesdayNov 27, 2018 10:35 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Board of Directors Authorizes Spinoff of Super Crypto Mining Subsidiary

DPW Holdings (NYSE American: DPW) this morning announced the November 23, 2018 authorization of its Board of Directors to pursue a spinoff of DPW’s wholly-owned subsidiary Super Crypto Mining, Inc. The move demonstrates the company’s confidence in the long-term viability of crypto-mining and the cryptocurrency marketplace and endeavors to support Super Crypto with the independence and tools to achieve and surpass its goals 2019 and beyond. “As stated during our investor conference call on December 20, 2017, the acquisition of assets that would appreciate under our ownership and the creation of increased shareholder value through our portfolio companies and projects…

WednesdayNov 21, 2018 9:18 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) CEO and Chairman to Present at the LD Micro Main Event

Diversified holding company DPW Holdings (NYSE American: DPW) this morning announced that its CEO and Chairman, Milton "Todd" Ault, III will be presenting at the 11th Annual LD Micro Main Event on December 4, 2018 at 5 PM ET. Joining Ault, DPW Holdings CAO Kenneth S. Cragun and CEO of Digital Power Lending William "Billy" Corbett will be available for one-on-one meetings throughout the day. The event, which is anticipated to be attended by more than 1,200 individuals, will be held in Los Angeles at the Luxe Sunset Bel Air Hotel December 4 – 6, 2018, and is expected to…

MondayNov 19, 2018 11:43 am

QualityStocksNewsBreaks – DPW Holdings, Inc.’s (NYSE American: DPW) Expansion Plan with IAM, Inc. Targets New Locations in 2019, Active Multi-Year Growth

DPW Holdings, Inc. (NYSE American: DPW) this morning announced an agreement with subsidiary IAM, Inc., owner of the Prep Kitchen brand of restaurants, to add up to four San Diego locations in 2019 and initiate an active growth plan over the coming years. The program aims to expand the Prep Kitchen restaurant brand and promote future inclusion of other restaurant concepts. “DPW seeks assets with significant promise,” DPW CEO and Chairman Milton “Todd” Ault III stated in the news release. “With strong hospitality leadership, IAM, Inc. and Prep Kitchen is positioned to capitalize on the exploding San Diego market. This…

FridayNov 16, 2018 11:31 am

QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Reports Financial Results for Q3 2018

DPW Holdings (NYSE American: DPW) reported financial results for its third quarter ended September 30, 2018. According to the update, the company’s revenue increased 159 percent quarter-over-comparative-quarter, with DPW anticipating tripled revenues in 2018 as compared to 2017. “During the third quarter, we continued to build and monetize our diverse business,” DPW CEO and Chairman Milton “Todd” Ault, III stated in the news release. “Our 159 percent revenue increase reflects growth among our acquisitions in defense, power supply and hospitality. We will continue to foster these and other emerging businesses with the goal of increasing our rate of return.” To…

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