NEWS $ISWH ISW Holdings Issues Update on Forward Outlook & Crypto Mining Expansion, & Elimination of Dilution Risk
April 13, 2021 08:00 ET | Source: International Spirits & Wellness Holdings, Inc.
LAS VEGAS, NV, April 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Cryptocurrency Mining, is pleased to issue the following update on upcoming financial performance expectations, cryptocurrency mining expansion, balance sheet improvements, the uplisting process, and additional issues pertinent to creating continued value for ISW Holdings shareholders in the weeks, months, and quarters ahead.
Revenue Projections and Cryptocurrency Expansion. ISW Holdings has demonstrated steady growth on a year-over-year and sequential quarterly basis for nearly two full years, driven primarily by investments in its TeleHealth and Home Healthcare Division. Management believes this upward trend in results is set to continue forward and accelerate as returns on investments in its Cryptocurrency Mining and Mining Equipment Division begin to augment results in 2021.
The Company now believes full-year 2021 revenues will at least triple 2020 topline performance.
The Company’s mining pods in Pennsylvania are entirely set up and on the power skids. The power contracts are intact. The hosting contracts are intact. The pods are being fired up. Additional mining capacity is on the way. The Company is also investing in a presence in a mining project in Georgia as well.
“Results from crypto operations are beginning to enter the picture,” noted Alonzo Pierce, President and Chairman of ISW Holdings. “We have fired up the pods and we are hard at work on expanding our capacity further. We have multiple orders of new miners on the way in the immediate term, and we look forward to firing those up as well. We are also awaiting a batch of miners that will be manufactured and ready to ship our way in August. In addition, we believe we have at least a $500-700k per month opportunity as we scale up operations in Georgia, and we will have more information about that process very soon.”
Short Interest, Debt, and Dilution Risk. For shareholders who have become frustrated with the perception that ISWH shares have become a target for shorts, management believes it is important to understand the importance of the Company’s process of reducing toxic debt over recent months.
Pierce added, “Because we had a lot of convertible debt on the books as of last year, we became a target for shorts because those notes carried the potential to convert at a deep discount and dilute shares, assuring a profit for bearish bets. That’s exactly why we cleaned the issue up. We have now eliminated almost all of that exposure and we believe the value we are creating with our operations will become the driving factor for our stock. These steps will also positively impact our ability to attract top talent and execute on new partnership and acquisition opportunities.”
OTCQB Uplisting Process. Management notes that the Company has been in steady communication with OTC Markets Group (the “OTC”) frequently and productively. Everything is on track for an uplisting of shares to the OTCQB, with several minor milestones remaining in the process. Balance sheet clean-up has been accomplished. Finalizing audit information and filing the Registration Statement are scheduled over the near-term.
Additional Management Commentary. Pierce: “We are at the bottom of the hockey stick as far as growth potential, with a clean bill of health on the balance sheet and major new non-dilutive funding providing us with a strong capital foundation to continue aggressive expansion in cryptocurrency mining and mining equipment. We also continue to expand in our telehealth and home healthcare operations, which provide strong and steady cash flows as our mining segment gets up to full speed. We are focused on staying aggressive and maintaining a shareholder-friendly posture each step of the way.”
About ISW Holdings
ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration, and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.
For more information, visit www.iswholdings.com
Forward Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
info@ISWHoldings.com
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https://www.globenewswire.com/news-release/2021/04/13/2209068/0/en/ISW-Holdings-Issues-Update-on-Forward-Outlook-Crypto-Mining-Expansion-and-Elimination-of-Dilution-Risk.html
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