DSS, Inc. Issued New CUSIP Number in Conjunction with Previously Announced Name Change

Rhea-AI Summary

DSS, Inc. (NYSE American: DSS) announced its stock trading under a new CUSIP number effective October 1, 2021, following its name change. The company has undergone significant transformation in the past two years, focusing on high-growth markets including digital assets, healthcare, and renewable energy. COO Jason Grady emphasized this milestone as part of DSS's long-term strategy to enhance shareholder value. DSS operates a diversified business model and plans to unlock shareholder value via IPO spin-offs from its subsidiaries.

Positive

• The transition to a new CUSIP number indicates a rebranding effort aimed at enhancing corporate identity.
• DSS has diversified into high-growth sectors, potentially improving market positioning and profitability.

Negative

• None.

ROCHESTER, N.Y., Oct. 05, 2021 (GLOBE NEWSWIRE) -- DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, and securitized digital assets, today announced, in conjunction with its previously announced name change to DSS, Inc., its stock began trading under a new CUSIP number, 26253C 102, effective with the opening of trading on October 1, 2021. The Company’s stock will continue to trade under its current ticker symbol, DSS.

“It has been two years since we embarked on a significant corporate transformation with the goal of positioning DSS for long-term shareholder value improvement,” commented Jason Grady, COO of DSS. “We have added multiple new divisions in exciting, high-growth markets, from digital assets to healthcare, real estate, renewable energy, and more. Our name change is yet another milestone in this evolution and signifies the next chapter for DSS as we focus our efforts on expanding and deepening each of our
business lines.”

About DSS, Inc.

DSS is a multinational company operating business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, and securitized digital assets. Its business model is based on a distribution sharing system in which shareholders receive shares in its subsidiaries as DSS strategically unlocks value through IPO spin offs. Under new leadership since 2019, DSS has built the necessary foundation for sustainable growth through the acquisition and formation of a diversified portfolio of companies positioned to drive profitability in five high-growth sectors. These companies offer innovative, flexible, and real-world solutions that not only meet customer needs, but create sustainable value and opportunity for transformation.

For more information on DSS visit http://www.dsssecure.com.

Investor Contact:

Dave Gentry, CEO
RedChip Companies Inc.
407-491-4498
Dave@redchip.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 the section entitled "Risk Factors" in the prospectus and in our other filings with the SEC, including, without limitation, our reports on Forms 8-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.

 

FAQ

What did DSS, Inc. announce on October 1, 2021?

DSS, Inc. announced that its stock began trading under a new CUSIP number effective from October 1, 2021, following a name change.

What are the new focus areas for DSS, Inc.?

DSS, Inc. is focusing on high-growth markets such as digital assets, healthcare, real estate, and renewable energy.

What is the significance of the name change for DSS, Inc.?

The name change is part of DSS's strategic transformation aimed at enhancing long-term shareholder value.

How does DSS, Inc. plan to create shareholder value?

DSS, Inc. plans to unlock shareholder value through IPO spin-offs of its subsidiaries.