DPW Holdings Maintains Revenue Guidance for 2018
February 07 2018 - 6:45AM
DPW Holdings, Inc. (NYSE American: DPW) ("
DPW" or
the "
Company"), a diversified holding company,
announced today that it still anticipates the Company’s gross
consolidated revenues for 2018 will range from $44 to $49 million
thus maintaining its original revenue guidance reported on January
4, 2018. The Company highlighted the diversification of its
subsidiaries that span multiple sectors with a wide customer base
of commercial clients and government agencies. DPW’s consolidated
revenues are derived from manufacturing advanced power supplies and
solutions for commercial, medical, military and aerospace
applications as well as from financial and other services provided.
These varied revenue streams have continued to sustain DPW’s
performance projections and planned growth despite the recent
volatility with the top cryptocurrencies that has generated concern
within the crypto-marketplace. DPW noted it has received many
inquiries from investors and shareholders during the past month.
Coolisys Technologies, Inc., the Company’s wholly-owned
subsidiary, remains committed to completing its acquisition of
Enertec Systems 2001 Ltd. (“Enertec”), the Israeli-based
defense/aerospace electronics manufacturer supplying advance power
solutions and systems during the 2018 current quarter. Enertec
remains one of the key factors that supports the current revenue
guidance.
“We remain committed to our holding company business model as
well as our acquisition and organic growth strategies. One of our
corporate strengths is our diversification,” said Milton “Todd”
Ault, III, the Company’s CEO and Chairman. Ault continued, “With
any disruptive new technology there is a healthy vetting process.
We would argue the recent downturn of cryptocurrencies is a
positive step, necessary for its longevity and success. We believe
in the long-term value proposition of cryptocurrency and blockchain
technologies. DPW is dedicated to our crypto-mining efforts and to
our development and manufacturing products and services for the
crypto-marketplace.”
The Company reminds all shareholders, investors and the public
it will be hosting its next webcast on Wednesday, February 21, 2018
after the close of the financial markets. The webcast’s guest
speaker will be Philip Mansour, the President and CEO of Avalanche
International Corp, the parent company of MTIX, Ltd. (“MTIX”). Mr.
Mansour will address the progress of the MTIX $50 million purchase
order and on DPW’s investment in MTIX and their patented,
proprietary Multiplex Laser Surface Enhancement (MLSE®) technology.
The Company encourages everyone 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.
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. Super Crypto Mining
operates the branded division, Super Crypto Power,
www.SuperCryptoPower.com. 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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