- In an agreement with GPL Ventures the company has eliminated over $2.4 million in debt
- Has eliminated over $3.4 million (94%) of outstanding convertible debt since announcing an anti-dilution initiative in December of 2020
- The full-year 2021 revenue holds the potential to triple 2020
ISW Holdings (OTC: ISWH), a global brand management company investing in telehealth and cryptocurrency mining, announced on April 7, 2021, entered into an agreement with GPL Ventures to eliminate over $2.4 million in debt (https://ibn.fm/BSEti).
In December of 2020, the company committed to an anti-dilution initiative and announced it had begun negotiations with noteholders to protect the value of its common stock and return more of that value to the shareholders (https://ibn.fm/a2cR0). Since announcing the initiative, ISWH has reduced outstanding shares by approximately 25%, reduced authorized shares by 88%, and with the addition of this new agreement, has eliminated over $3.4 million (94%) of outstanding convertible debt.
The agreement between ISWH and GPL covers all convertible debt held by GPL ($2.4M), representing more than 92% of ISWH’s outstanding convertible debt obligations. This agreement represents a significant step forward in the company’s commitment.
“We are making good on our anti-dilution pledge announced last year and taking strong action to reduce or completely eliminate toxic debt and dilution risk from the equation for our shareholders,” stated President and Chairman of ISWH, Alonzo Pierce.
Pierce credited the agreement to strong operational performance and sees it as a sign of significant improvement ahead.
As a diversified portfolio company that serves consumer product demand in disruptive industries, ISWH has consistently taken the necessary steps to preempt dilution risks since making the commitment. The goal is to keep the share structure attractive to investors while also bringing in solid and growing revenues.
ISWH works to anticipate the future needs of a changing world. Through strategic development and aggressive early growth of brands, the company has established itself in the technology, crypto mining, home health care, and wellness sectors. Steady year-to-year growth has been driven primarily by investments in TeleHealth and Home Health Care over the past two years. However, the results from crypto operations are beginning to take effect, and ISWH now believes that the full-year 2021 revenue will triple 2020 (https://ibn.fm/QZeS0). While the convertible debt, shorts, and dilution risk may have kept shareholders frustrated in the past, the future is looking promising.
“Because we had a lot of convertible debt on the books as of last year,” stated Pierce, “we became a target for shorts because those notes carried the potential to convert at a deep discount and dilute shares, assuring a profit for bearish bets. That’s exactly why we cleaned the issue up. We have now eliminated almost all of that exposure and we believe the value we are creating with our operations will become the driving factor for our stock. These steps will also positively impact our ability to attract top talent and execute on new partnership and acquisition opportunities.”
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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