NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Boa
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Posted On: 05/14/2021 6:40:32 PM
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Board Approves Initiation of Plans for Quarter-Million-Dollar Stock Buyback Program
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and cryptocurrency mining, announced that its board of directors has approved the company’s proposed share buyback program. The program has initially been established at $250,000, but the company noted it could be increased in the future. The board approved immediate activation of the program. The program comes following the company’s focus on strengthening its balance sheet through nontoxic fundraising and cash flows from operations. In the announcement, the company observed that it believe ISWH equity is undervalued relative to growth potential given recent investments in cryptocurrency mining capacity and telehealth operations. “We have substantial cash reserves, strong growth expectations, and expanding productive resources targeting rapidly growing end markets, as well as an absolute commitment to delivering shareholder value over the long term,” said ISW Holdings president and chair Alonzo Pierce in the press release. “We feel our shares no longer properly reflect the prepotency and growth potential inherent in our investments and market positioning. Our commitment is to the utilization of available resources toward the maximization of shareholder value within the purview of the company’s mission. At this point, that implies the deployment of some portion of cash reserves toward the repurchasing of ISWH shares.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and cryptocurrency mining, announced that its board of directors has approved the company’s proposed share buyback program. The program has initially been established at $250,000, but the company noted it could be increased in the future. The board approved immediate activation of the program. The program comes following the company’s focus on strengthening its balance sheet through nontoxic fundraising and cash flows from operations. In the announcement, the company observed that it believe ISWH equity is undervalued relative to growth potential given recent investments in cryptocurrency mining capacity and telehealth operations. “We have substantial cash reserves, strong growth expectations, and expanding productive resources targeting rapidly growing end markets, as well as an absolute commitment to delivering shareholder value over the long term,” said ISW Holdings president and chair Alonzo Pierce in the press release. “We feel our shares no longer properly reflect the prepotency and growth potential inherent in our investments and market positioning. Our commitment is to the utilization of available resources toward the maximization of shareholder value within the purview of the company’s mission. At this point, that implies the deployment of some portion of cash reserves toward the repurchasing of ISWH shares.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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