ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch
January 06 2021 - 9:21AM
InvestorsHub NewsWire
LAS VEGAS, NV -- January 6, 2021 -- InvestorsHub NewsWire -- ISW
Holdings, Inc. (OTC:
ISWH) (“ISW Holdings” or the “Company”), a global brand
management holdings company, is pleased to announce that it is in
the process of converting $20,000 of the Company’s cash holdings
into Bitcoin. The Company also announces that it will be regularly
conducting similar transactions on a quarterly basis to convert a
percentage of cash flows into Bitcoin.
Management expects this transaction to be completed this week.
The Company began transitioning cash resources into Bitcoin with an
initial transaction in March 2019 at approximately
$4,000/Bitcoin.
“We believe in the future of Bitcoin and digital payment
systems, and cash represents an unproductive asset given the degree
of monetary expansion, stimulus, and debt dragging down traditional
currency systems,” commented Alonzo Pierce, President and Chairman
of ISW Holdings. “We are also on schedule to launch mining
operations through our S19 Pod5 solution at the Bit5ive renewable
energy project by the end of January.”
The Company formed a joint venture partnership with Bit5ive,
LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful,
and efficient data center pod design. The Proceso S19 Pod5ive
Datacenter is the result. Designed in partnership with Bit5ive, and
geared primarily for the cryptocurrency mining industry, the
Proceso S19 Pod5ive Datacenter offers next-generation dynamic
self-management functionality, plug-and-play operation, virtually
non-existent maintenance needs, and an industry best-in-class 1.06
Power Usage Effectiveness score.
The Company’s first mining pod is set to launch operationally
before the end of January.
In addition, the Company also notes that it ended the year with
its seventh straight quarter of sequential revenue growth, and
continues to project 2021 revenue growth of as much as 500% on a
year-over-year basis this year (from a base exceeding $1 million in
2020) in its Telehealth and Home Healthcare Solutions segment,
which is separate from performance related to its Cryptocurrency
Mining and Mining Equipment segment.
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
Public Relations
EDM Media, LLC
https://edm.media
(800) 301-7883