DPW Holdings Acquires Rights to the Innovation Labs Blockchain Innovators Index
September 11 2019 - 6:45AM
Business Wire
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding
company (“DPW,” or the “Company”) announced that is
has acquired the rights to be the sponsor of the license to the
index to an exchange-traded fund (the “ETF Index”).
The ETF Index holds a diverse basket of global equities
that are placed into one of four categories based on how they
relate to the theme of blockchain technology.
The four categories that make up the Indices underlying holdings
are defined as follows:
- Cryptocurrency as Payment: Companies that accept
cryptocurrency as payment for goods and services or are developing
blockchain payment solutions.
- Mining Enablers: Companies that either create equipment
and/or tools to enable creation of new blockchains or are mining
blockchains as their main business.
- Solutions Providers: Companies engaged as Blockchain as
Service providers. They assist businesses and organizations in the
creation and implementation of blockchain applications.
- Adopters: Companies that primarily use blockchain
technology to increase operational efficiencies, optimize
settlement processes, enhance the customer experience and/or
increase data security/integrity.
DPW Financial Group’s CEO, Darren Magot said, “We are very
excited to be the sponsor of this pioneering AI-backed ETF
Index focused on blockchain investments. We have been telling
our shareholders over the past 6 months that we would be building
out our Financial Services sector. This is the first in a series of
transactions that are planned for DPW Financial Group.” Mr. Magot
added, “As a company, we have made significant investments in
blockchain and cryptocurrency mining technology and recognize that
investors and traders are looking for sophisticated alternative
investments in this emerging technology to add to their
portfolios.”
The Company recommends that stockholders, investors and any
other interested parties read the Company’s public filings and
press releases available on its website at www.DPWHoldings.com
under the Investor Relations section or available at
www.sec.gov.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly owned
subsidiaries and strategic investments, the Company provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial,
telecommunications, medical, crypto-mining, and textiles. In
addition, the Company owns a select portfolio of commercial
hospitality properties and extends credit to select entrepreneurial
businesses through a licensed lending subsidiary. DPW’s
headquarters are located at 201 Shipyard Way, Suite E, Newport
Beach, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
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 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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