Nov 06, 2018 6:30 AM
“DPW constantly evaluates options to increase stockholder value through acquisition, appreciation, and disposition of our companies and strategic investments,” stated CEO and Chairman Milton “Todd” Ault, III. “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.”
Organizational Structure
DPW will own 100% of these two groups and anticipates beginning accounting for them separately in 2019:
The officers of DPW will remain the same: CEO Milton “Todd” Ault, III, CFO
DPW plans to provide a company update and report third-quarter 2018 financial results in
For more information, it is recommended that stockholders, investors and interested parties read DPW’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.
About
Forward-Looking Statements
The foregoing 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
Contacts:Source:Kirsten Chapman , LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com