– DPW Holdings, Inc. (NYSE American: DPW) ("DPW" or the
"Company"), a diversified holding company, stated today that it has
rescheduled its webcast to Thursday, March 15, 2018 which was
originally set for February 21, 2018. The Company encourages its
shareholders, investors and the public to participate in this event
which will start upon the close of the financial markets that day
(5:00 pm EST or 2:00 pm PST). The focus of the webcast will be on
MTIX, Ltd. (“MTIX”) with topics ranging from the $50M purchase
order and contract that the Company’s subsidiary, Coolisys
Technologies (“Coolisys”), has with MTIX, to the Company’s
investment in Avalanche International Corp. (“AVLP” or “Avalanche
International”), the publicly traded parent of MTIX. The featured
speaker will be Philip E. Mansour, the President and CEO of AVLP.
All individuals interested in participating in the webcast can
register by using this link, DPW Holdings Webcast Registration. The
presentation released during the webcast will be available to the
public through a current report on Form 8-K to be filed with the
SEC prior to the webcast.
As previously announced on March 15, 2017, MTIX, headquartered
in Huddersfield, West Yorkshire, U.K., issued an initial purchase
order totaling $50M to manufacture, install and service textile
treatment systems that utilize MTIX’s proprietary Multiplexed Laser
Surface Enhancement (MLSE®) technology. MTIX has developed a cost
effective and environmentally friendly material synthesis
technology featuring a virtual dry process and breakthrough
technology for textile applications utilizing the MLSE® system that
uses a combination of high voltage, high frequency electrical
discharge plasma and laser energy to imbue textiles with desirable
technical characteristics.
“We are looking forward to once again engaging with our
shareholders, investors and the public. We believe our webcast
format provides a great value to both the Company and its
shareholders. It is our hope that through our webcasts, our
shareholders, investors and the public can learn about each
subsidiary and strategic investment, and begin to appreciate the
intrinsic value they each provide. It is with this spirit, we look
forward to this webcast rescheduled for March 15, 2018,” said
Milton “Todd” Ault, III, the CEO and Chairman of the Company. Ault
added, “We anticipate this webcast focusing on MTIX will be very
interesting and we will be happy to address questions from both the
participants as well as those questions sent to DPW prior to the
webcast. We are very pleased with our progress as we march
forward to our goal of delivering the first finished units this
year to MTIX, Ltd. In March of 2017, we announced the $50M purchase
order from MTIX. Our current investment in Avalanche International,
although made over time, was due to our appreciation of the
sustainable and disruptive add-value proposition of the MLSE®
technology and the impact it will have on the textile industry
worldwide. I suggest those interested in the future of DPW to
participate in the webcast.”
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc.,
www.DPWHoldings.com, is a diversified holding company that, through
its wholly owned subsidiary, Coolisys Technologies, Inc., is
dedicated to providing world-class technology-based solutions where
innovation is the main driver for mission-critical applications and
lifesaving services. Coolisys’ growth strategy targets core markets
that are characterized by “high barriers to entry” and include
specialized products and services not likely to be commoditized.
Coolisys through its portfolio companies develops and manufactures
cutting-edge resonant switching power topologies, specialized
complex high-frequency radio frequency (RF) and microwave
detector-log video amplifiers, very high-frequency filters and
naval power conversion and distribution equipment. Coolisys
services the defense, aerospace, medical and industrial sectors and
manages four entities including Digital Power Corporation,
www.DigiPwr.com, a leading manufacturer based in Northern
California, 1-877-634-0982; Digital Power Limited dba Gresham Power
Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK.;
Microphase Corporation, www.MicroPhase.com with its
headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus
Technical Distributors, www.Power-Plus.com, a wholesale distributor
based in Sonora, CA 1-800-963-0066. Coolisys operates the branded
division, Super Crypto Power, www.SuperCryptoPower.com.
Digital Power Lending, LLC, www.DigitalPowerLending.com, a
wholly owned subsidiary of the Company, is based in Fremont, CA,
and is a California private lending company dedicated to
strategically providing capital to small and middle size businesses
for an equity interest in addition to loan fees and interest. Super
Crypto Mining, Inc. www.SuperCryptoMining.com is a
wholly-owned subsidiary of the Company, is based in Fremont CA that
leverages its engineering expertise and existing locations to
create crypto currency mining facilities across the globe. Excelo,
LLC, www.Excelo.com, a wholly-owned subsidiary of the Company, is a
national search firm specializing in fulfilling strategic
executive, professional and hi-tech placements for businesses
delivering world-class services. DPW Holdings, Inc.’s headquarters
is located at 48430 Lakeview Blvd., Fremont, California, 94538;
1-877-634-0982. For Investor inquiries: IR@DPWHoldings.com or
1-888-753-2235.
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, including statements regarding the
acquisition and the ability to consummate the
acquisition. 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 U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the
Company’s website at www.DPWHoldings.com.
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