- Company taking active steps to eliminate debt, ramp up growth, open access to shares
- ISWH signs agreement with GPL Ventures to eliminate over $2.4 million in convertible promissory notes
- Company has started mining and expects to reach larger objectives laid out for mining progress and results in 2021
ISW Holdings (OTC: ISWH), a global brand management holdings company, has released a shareholder update on the status of its convertible debt resolution process, mining operations and upcoming audit results (https://ibn.fm/67Wqm). The company currently has commercial operations in telehealth and renewable energy cryptocurrency mining.
“We continue to work hard every day to drive shareholder value through a combination of growth and transparency,” said ISW Holdings president and chair Alonzo Pierce. “We are eliminating structural financial risk and ramping tangible growth, all while taking active steps to open up access to our shares to a widening audience. Looking ahead, we have a number of exciting steps in front of us that stand to directly expand our operational potential. It’s going to be an exciting second half of the year.”
In the update, the company reviewed its position on convertible debt, crypto mining and uplisting.
“In early April 2021, the company announced that it had signed an agreement with GPL Ventures (‘GPL’) to eliminate over $2.4 million in convertible promissory notes,” the update reported. “That agreement covered all convertible debt held by GPL and represented more than 92% of the Company’s outstanding convertible debt obligations. Now, the company further announces that the settlement agreement, and all of its stipulations, has been satisfied, with its payment wired to GPL. All related notes have been stamped ‘paid.’”
In addition, the company noted that it has begun crypto mining. “Management expects to catch up to the larger objectives laid out for mining progress and results in 2021, with its projects in Pennsylvania and Georgia getting up and running at reputable hash rates, which should drive strong topline growth for ISW Holdings this year,” the report noted. “The company continues to target a carbon-neutral mining paradigm.”
Finally, ISWH noted that it plans to complete an audit of its 2020 performance over the near term. “Once that is complete, management will file Form 10 with the U. S. Securities and Exchange Commission. Management believes the filing of Form 10, and filing future events with the SEC, will help strengthen the case for further uplisting of shares following its establishment on the OTCQB tier.”
ISW Holdings is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development and early growth facilitation, as well as brand identity through its proprietary procurement process. Together with its partners, ISWH seeks to provide a structure that meets large scalability demands and anticipated marketplace needs. The company meets those needs through a variety of strategic innovative processes. ISW Holdings 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.
For more information, visit the company’s website at www.ISWHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ibn.fm/ISWH
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