LAS VEGAS, NV, Oct. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce a preliminary qualitative performance update for the three months ended September 30, 2020, as well as an update on the Company’s recent moves to significantly reduce Debt and Authorized Shares, and uplist onto the OTCQB exchange tier.
While precise data is not yet available in a form that may be publicly announced quantitatively, the Company can disclose at this time that it has recorded another breakout quarter, with new record high revenues for the three months ended September 30, 2020, driven primarily by continued growth in its Home Healthcare and Telehealth segment, which also saw strong demand growth leading to an expansion in home healthcare workers now employed by the Company.
“Our Home Healthcare and Telehealth segment continues to expand significantly, and we are getting closer to seeing our Cryptocurrency mining and mining equipment segment ramp up into commercial stage operations, which will drive further growth and performance in the months ahead,” commented Alonzo Pierce, President and Chairman of ISW Holdings. “To complement and augment that growth outlook, we are aggressively removing dilution risk and gearing up to uplist our shares to drive greater shareholder value. We believe we can push our topline run rate up over $1.5 million in annualized terms over coming months as we begin to fire on all cylinders.”
In connection with its expanding operations, ISW Holdings has recently embarked on several pro-growth shareholder-friendly measures to strengthen the Company’s ability to achieve its strategic and operational goals, including the cancellation of $200k in potentially dilutive debt and an 88% reduction in authorized shares, from 480 million to 60 million.
In addition, the Company is now engaged in its second full corporate audit in the past 3 years with a respected PCAOB registered CPA firm specializing in audit and assurance accounting services. The audit represents a big step toward bringing the Company into full compliance with all OTC requirements involved in exchange tier uplisting eligibility.
The Company is also engaged in assembling an advisory board of industry leaders to help accelerate growth and open up new strategic opportunities, including high-impact partnerships. More details on these steps will be released in the near future.
ISW’s goal is to leverage the strong growth trends contextualizing both its Home/Telehealth and Cryptocurrency divisions and to foster expanding growth and shareholder value, establishing a course toward significantly higher revenues and cash flows, and an uplist onto the OTCQB exchange tier followed eventually by a further uplist to a major US exchange.
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.
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).
For more information, visit www.iswholdings.com
Company Contact:
Investor Relations
info@ISWHoldings.com