ISW Holdings Completes Successful Audit of 2020 Financial Data, Targets SEC Reporting Status and Uplist of Shares

Rhea-AI Summary

ISW Holdings, Inc. (OTC: ISWH) announced the completion of a full audit for its 2020 financial records, following previous audits for 2018 and 2019. This audit allows ISWH to file Form 10 for becoming a fully-reporting entity with the SEC, aiding in its goal to uplist shares to a major exchange pending revenue growth. The company benefits from reduced competition in cryptocurrency mining, with a significant portion of global hash rate dropping, and has secured a new land lease in Georgia for mining operations.

Positive

• Completion of 2020 full audit enhances transparency.
• Ability to file Form 10 for SEC reporting status.
• Potential uplist to a major exchange contingent on revenue growth.
• Benefits from a 54% drop in global hash rate, improving mining profitability.
• New Georgia land lease positions the company for increased mining activity.

Negative

• None.

LAS VEGAS, July 06, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, is pleased to announce that a third-party auditor has completed and signed off on a full audit of the Company’s 2020 annual financial records.

The Company had its 2018 and 2019 financial records fully audited as well.

“We are proud to present a clean bill of health in terms of our financial data and compliance, and we look forward to continued transparency in delivering shareholder value ahead,” commented ISW Holdings President and Chairman, Alonzo Pierce.

The completion of this latest audit provides for the Company’s filing of Form 10 to become a fully-reporting entity with the U.S. Securities and Exchange Commission (the “SEC”). These steps will help ISWH uplist its shares with the goal being an eventual move onto a major listed exchange, contingent upon the Company meeting its revenue growth projections over coming quarters.

Pierce added, “We are hitting our stride at just the right time. According to recent analysis, China’s move to crack down on cryptocurrency mining nets out to a better world for ISW Holdings: the algorithm has adjusted to 54% of the global hash dropping out of the picture, which makes it 28% easier and more profitable for our own mining operations. With the signing of our new Georgia crypto mining land lease agreement, we are now also positioned to benefit on the hosting side from miners seeking a new home after fleeing China.”

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. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.

The Company’s cryptocurrency mining segment, established in partnership with industry leader, Bit5ive LLC, is driven by a mission to mine cryptocurrency with a zero carbon footprint.

For more information, visit www.iswholdings.com.

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).

Company Contact:
info@ISWHoldings.com

Public Relations
EDM Media, LLC
https://edm.media

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

FAQ

What did ISW Holdings announce regarding its financial audit?

ISW Holdings announced the completion of a full audit for its 2020 financial records.

How does the audit affect ISW Holdings' SEC reporting status?

The audit allows ISW Holdings to file Form 10 and become a fully-reporting entity with the SEC.

What are the future plans for ISW Holdings after the audit?

The company aims to uplist its shares to a major exchange, contingent upon meeting revenue growth projections.

How is ISW Holdings benefiting from the recent changes in cryptocurrency mining?

ISW Holdings benefits from a 54% decrease in global hash rate, making mining operations more profitable.

What new agreement did ISW Holdings sign related to its mining operations?

ISW Holdings signed a new land lease agreement in Georgia to enhance its cryptocurrency mining capabilities.