Jun 15, 2023 6:30 AM
Milton “Todd” Ault, III, the Company’s Founder and Executive Chairman, stated, “Our strategic decision to seek a sale of this property stems from recognizing the impressive market interest and value the property holds. This is a compelling opportunity to generate a profit from this property, from which the Company will repay and reduce outstanding debt. Such a sale would bolster the Company’s balance sheet and support our commitment towards improving profitability and cashflow for the remainder of 2023. We are confident this decision aligns with the best interests of the Company and its stockholders.”
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This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
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