Welcome to our dedicated page for DSS news (Ticker: DSS), a resource for investors and traders seeking the latest updates and insights on DSS stock.
DSS, Inc. (NYSE American: DSS) is a multinational conglomerate with a diversified business portfolio encompassing nine distinct divisions: Product Packaging, Biotechnology, Consumer Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Secure Living, Digital Transformation, and Alternative Energy. Established over 25 years ago, DSS has a long-standing reputation in anti-counterfeit, authentication, and diversion protection technologies, offering custom solutions to safeguard against product diversion, counterfeit, theft, and other costly occurrences. Their innovative technologies, backed by numerous patents, are utilized by corporations, governments, and financial institutions worldwide.
Recently, DSS has focused on expanding its value through strategic acquisitions and periodic IPO spinoffs. Under the leadership of Frank Heuszel, DSS has built a diversified portfolio aimed at driving profitability and growth. Notable subsidiaries include DSS Wealth Management, which advises the AmericaFirst Quantitative Funds, and Premier Packaging, specializing in innovative fiber-based packaging solutions.
In recent developments, DSS appointed Jim Monaghan as Chief Operating Officer and Chief Compliance Officer, and Michael Cheah as Portfolio Manager & Head of Fixed Income at DSS Wealth Management. Both additions bring over 30 years of industry experience and are expected to enhance DSS's investment strategies and compliance standards. Moreover, DSS is preparing for the IPO of its subsidiary, Impact Biomedical, which promises to reinforce the company's growth trajectory.
DSS's recent accomplishments include a successful legal defense of their ‘040 patent in the Federal Circuit Court against Nichia Corp., further solidifying their strong IP portfolio. Additionally, Chairman Heng Fai Ambrose Chan's recent acquisition of 672,173 shares underscores his confidence in DSS's strategic direction and market potential.
For continuous updates and more detailed information, visit the official website at www.dssworld.com and follow their latest news and developments on Twitter at @docsecuritysys and @authentisuite.
DSS, Inc. (NYSE American: DSS) announced that its subsidiary, American Pacific Bancorp (APB), has issued nearly $20 million in new loans since September 2021. CEO Frank D. Heuszel highlighted the diversified loan portfolio, which includes commercial real estate financing and equipment loans. APB targets businesses with annual revenues between $5 million to over $50 million across various sectors. DSS holds over 50% of APB's shares, with plans to expand its lending network and serve clients globally, particularly in underserved markets.
DSS, Inc. (NYSE American: DSS) has opened a new office in Sacramento, California, serving as the headquarters for DSS Wealth Management and DSS AmericaFirst Quantitative Funds. This strategic move is expected to enhance sales and marketing efforts, capitalizing on strong growth potential in the wealth management sector. DSS AmericaFirst offers various mutual funds aiming to outperform benchmarks through quantitative strategies. The firm continues to diversify its portfolio to drive profitability across several high-growth sectors, including blockchain security and renewable energy.
DSS, a multinational company, announced its participation in the Emerging Growth Conference on December 8, 2021, at 2:30 p.m. ET. The event allows for real-time interaction between investors and the company's management team, including CEO Frank D. Heuszel, COO Jason Grady, and CFO Todd Macko. Attendees can ask questions following the presentation. Registration is required in advance, with a recorded version available later for those unable to attend live. DSS operates in sectors such as blockchain security, healthcare, and renewable energy.
On November 30, 2021, DSS announced the launch of DSS AmericaFirst Quantitative Funds, a suite of mutual funds managed by DSS Wealth Management. The funds include four offerings: Income Trends Fund, Defensive Growth Fund, Risk-On Risk-Off Fund, and Large Cap Buyback Fund, each aiming to outperform benchmark indices using a quantitative approach. CEO Frank D. Heuszel emphasized the growth potential and innovative strategies behind the funds. DSS Wealth Management serves as the registered investment advisor to the funds, earning fees based on average daily net assets.
DSS, Inc. (NYSE American: DSS) announced that its subsidiary, American Medical REIT Inc. (AMRE), has acquired three hospitals in Texas and Pennsylvania for $62 million. Currently under an 18-year lease with LifeCare Hospitals, these facilities offer a combined capacity of 195 beds and span approximately 320,000 square feet. The acquisition aims to expand AMRE's portfolio and create sustainable dividends for shareholders. DSS CEO Frank D. Heuszel emphasized the acquisition's strategic importance in enhancing their real estate operations in the resilient medical sector.
DSS, Inc. (NYSE American: DSS) announced that COO Jason Grady will be featured on The RedChip Money Report on Bloomberg TV on Oct. 30 at 7 p.m. ET. In the interview, Grady will highlight DSS's diverse subsidiaries and its strategy for scalable, recurring revenue aimed at achieving positive EBITDA. The company operates in several sectors, including blockchain security and renewable energy, and focuses on unlocking shareholder value through strategic IPOs of its subsidiaries. DSS's emphasis on building a robust portfolio positions it for growth in high-demand markets.
DSS, Inc. (NYSE American: DSS) announced the launch of Liquid Value Asset Management Limited (LVAM), a Hong Kong-based investment management firm, primarily owned by its subsidiary DSS Financial Management, Inc. (DFMI). DFMI has provided a $1 million working capital loan to expedite LVAM's operations, which will commence with $9 million in proprietary trading. LVAM aims for attractive risk-adjusted returns using advanced algorithmic trading strategies. CEO Wilson Lee and his team will manage the firm, which targets scalable trading programs and rapid portfolio liquidation capabilities.
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.
Document Security Systems (DSS) has signed a $40 million subscription agreement with American Pacific Bancorp (APB) to acquire 6,666,700 shares at $6.00 each, making DSS a majority owner of APB. This investment aims to bolster APB's capacity for diversified lending, including mortgages and medical real estate financing. DSS anticipates quick deployment of this capital to generate interest before the end of 2021, highlighting a strong validation of APB's business model.
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