LAS VEGAS, April 15, 2021 (GLOBE NEWSWIRE) — through InvestorWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a worldwide model administration holdings firm with business operations in telehealth and cryptocurrency mining, is happy to announce the submitting of the Company’s 2020 monetary efficiency information, which options continued top-line progress, total constructive internet profitability on gross sales, and sturdy progress in money.
“While this information is necessary, it references a interval that predates the business launch of our cryptocurrency mining and mining gear phase, however we’re nonetheless proud to have continued our sturdy development of progress in telehealth and dwelling healthcare, and that development is obvious in our 2020 efficiency information,” commented Alonzo Pierce, president and chairman of ISW Holdings.
Financial Highlights for the Year Ended Dec. 31, 2020
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Paradigm Home Health (PHH) gross revenues of $1,061,927, in comparison with $627,498 in 2019, representing year-over-year progress of 69%.*
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PHH acknowledged a two-year internet revenue common of 9.95%. Net earnings for the two-year interval ending Dec. 31, 2020, totaled $147,361.*
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Net money elevated 528% year-over-year to $86,000.
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Total property elevated 276% year-over-year.
*Paradigm Home Health (PHH) is a three way partnership. The Company earns 50% of the online revenue or loss related to PHH.
Operational Highlights for the Year Ended Dec. 31, 2020
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Invested in cryptocurrency mining by way of Bit5ive LLC partnership and design, meeting and set up of first POD5IVE mining pod.
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Invested in TeleCare subsidiary, together with telehealth expertise, creating alternative to materially enhance dwelling healthcare income share.
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Established anti-dilution initiative, sharply decreasing approved and excellent shares and convertible notice liabilities.
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Established inventory possibility compensation plan in anticipation of the institution of an advisory board and the addition of latest high staff members.
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Set in movement course of to uplist onto OTCQB trade tier.
Despite challenges associated to the pandemic well being disaster, 2020 turned out to be a yr of dramatic transformation for ISW Holdings. The yr was marked by a number of main transitions, all of which type the contextual basis supporting a lot greater expectations in 2021.
Foremost amongst these key steps was the crucial mid-year formation of the Company’s partnership with Bit5ive, LLC. That step established the Company’s cryptocurrency mining and mining gear phase at a time when Bitcoin was buying and selling at roughly $10,000. That was adopted by aggressive funding within the design, meeting, delivery and set up of the Company’s first POD5IVE high-PUE mining pod.
The Company’s funding in establishing its TeleCare subsidiary has additionally turned out to be a key step, laying a basis for its latest and useful restructuring of its relationship with its telehealth and dwelling healthcare three way partnership accomplice, Paradigm Home Health. As just lately introduced, that new settlement now stands to extend the Company’s share of revenues from associated operations by as much as 40% in 2021 versus prior years.
The Company additionally continues to make good on its anti-dilution initiative, which was established in 2020. To date, the Company has decreased excellent shares by almost 25%, decreased approved shares by 88% all the way down to 60 million, and eradicated over $3.4 million (or 94%) of excellent convertible debt.
As famous in its latest company replace, the Company anticipates not less than threefold progress in top-line efficiency in 2021 versus 2020.
About ISW Holdings
ISW Holdings, Inc. (ISWH), based mostly in Nevada, is a diversified portfolio firm comprised of important enterprise strains that serve client product calls for. Our experience lies in strategic model growth, early progress facilitation, in addition to model identification by way of our proprietary procurement course of. Together with our companions, we search to supply a construction that meets giant scalability calls for, in addition to anticipated market wants. We are capable of meet these wants by way of quite a lot of strategic modern processes. ISWH is creating and managing manufacturers throughout a spectrum of disruptive industries. It maneuvers its proprietary corporations by way of crucial levels of market growth, which embrace conceptualization, go-to-market methods, engineering, product integration and distribution effectivity. The Company has additionally partnered with a well known software program growth and consulting firm, Bengala Technologies LLC, which is growing vital enhancements within the provide chain administration area, and the partnership has a vitally wanted patent now pending.
For extra info, go to www.iswholdings.com.
Forward-Looking Statements
This press launch might comprise forward-looking statements that contain dangers and uncertainties. These statements relate to future occasions or our future monetary efficiency. In some circumstances, you’ll be able to establish forward-looking statements by terminology together with “might,” “might,” “will,” “ought to,” “count on,” “plan,” “anticipate,” “consider,” “estimate,” “predict,” “potential” and the unfavorable of those phrases or different comparable terminology. While these forward-looking statements, and any assumptions upon which they’re based mostly, are made in good religion and replicate our present judgment concerning the course of our enterprise, precise outcomes will nearly all the time fluctuate, typically materially, from any estimates, predictions, projections, assumptions or different future efficiency recommended on this report. Except as required by relevant regulation, we don’t intend to replace any of the forward-looking statements in order to evolve these statements to precise outcomes. Investors ought to consult with the dangers disclosed within the Company’s reviews filed once in a while with OTC Markets (www.otcmarkets.com).
Company Contact:
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Corporate Communications:
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Los Angeles, California
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310.299.1717 Office
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