DSS, Inc. Chairman Chan Acquires 672,173 shares of DSS In Open Market
January 04 2024 - 8:15AM
DSS, Inc. (NYSE American: DSS, “Company”), a multinational company
operating across four distinct market sectors, announced today
a significant investment by its Chairman of the Board, Heng Fai
Ambrose Chan. In a strategic move to bolster shareholder confidence
and underscore his commitment to the company’s growth. Chairman
Chan acquired an additional 672,173 shares of DS, Inc. in an open
market transaction on December 28, 2023.
Frank Heuszel, CEO of DSS, Inc., expressed his enthusiasm for
Mr. Chan's increased stake, viewing it as a strong vote of
confidence in the company's strategic direction and future
potential. Heuszel said, "Chairman Chan's decision to augment his
investment in DSS reflects his firm belief in our vision and
business plan."
The company’s growth trajectory has been particularly evident in
its wholly-owned subsidiary, DSS Securities, Inc., which
encompasses Sentinel Brokers and DSS Wealth Management. Following a
strategic expansion of its team, DSS Securities has experienced a
notable increase in its Assets Under Management (AUM). This
growth, coupled with the implementation of innovative marketing
strategies and a steadfast commitment to creating shareholder
value, positions DSS for a promising 2024.
Additionally, Heuszel highlighted the remarkable progress of
Premier Packaging, another key subsidiary under the DSS umbrella.
Following a substantial capital expenditure commitment, Premier
Packaging has achieved impressive strides in both client retention
and the acquisition of new business, further solidifying its market
position and growth.
DSS, Inc.'s latest moves, spearheaded by Chairman Chan's
investment and the subsidiaries' robust performance, signal a
strong outlook for the company as it continues to execute its
strategic business plan and explores new avenues for growth and
value creation for its shareholders.
About DSS, Inc.
DSS is a multinational company operating businesses within four
diversified market sectors: Product Packaging, Biotechnology,
Commercial Lending, Securities and Investment Management,
Alternative Trading, Digital Transformation, Secure Living, and
Alternative Energy. DSS strategically acquires and develops assets
to increase shareholder value through periodic IPO spinoffs. Since
2019, under the guidance of new leadership, DSS has built the
necessary foundation for achievable growth through the formation of
a diversified portfolio of companies positioned to drive
profitability in multiple high-growth sectors.
For more information on DSS visit https://www.dssworld.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions 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. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in our SEC filings, including, without limitation, our
reports on Forms 8-K, 10-K and 10-Q, all of which can be obtained
on the SEC website at www.sec.gov. Readers are cautioned not to
place undue reliance on the forward-looking statements, which speak
only as of the date on which they are made and reflect management's
current estimates, projections, expectations, and beliefs. We
expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in our expectations or any
changes in events, conditions, or circumstances on which any such
statement is based, except as required by law.
Contact:DSS Inc. Investor RelationsIR@dssworld.com+1 (585)
565-2422
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