World News: 11:30 GMT Friday 11th January 2019. [DPW Holdings, Inc. via Globe Newswire via SPi World News]
Newport Beach, Calif., Jan. 10, 2019 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “”) announced today that it has completed establishing DPW Financial Group, Inc. and DPW Technologies Group, Inc., both Delaware corporations, as previously announced on November 6, 2018. DPW anticipates aggregating all reporting by its subsidiaries and business units through these two new subsidiaries, starting as early as the first quarter of 2019. This realignment will set the stage for other initiatives by the Company in 2019 and beyond.
The officers of DPW will remain the same: CEO Milton “Todd” Ault, III, CFO William B. Horne, and CAO Kenneth S. Cragun. DPW anticipates that the corporate restructuring will enable it to leverage more efficiently its sustainable assets, including making additional strategic investments.
Mary Magnani and Kirsten Chapman, LHA Investor Relations, 415.433.3777, firstname.lastname@example.org
Globe Newswire: 11:30 GMT Friday 11th January 2019
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