ISW Holdings Announces Q3 Performance Data, Including 57% Topline Growth, with Telehealth and Cryptocurrency Operations Defining Outlook

LAS VEGAS, NV, Nov. 23, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to report performance data for the three months ended September 30, 2020. ISWH, which is on the  verge of reaching commercial-stage operations in its cryptocurrency mining equipment division in coming months, posted strong year-over-year and quarter-over-quarter growth powered by continued strong expansion in the Company’s Home/Telehealth Care division.

• Consolidated revenues for the Three Months ended September 30, 2020 totaled $284,383, representing 57% growth on a year-over-year basis and 14% on a quarter-over-quarter basis.
• Consolidated revenues for the Nine Months ended September 30, 2020 totaled $769,976, representing 141% growth on a year-over-year basis.
• Gross Profits for the Nine Months ended September 30, 2020 totaled $182,684, representing 82% growth on a year-over-year basis.
• Management notes that the Company provided services for another $90,000 in revenues before September 30, 2020, which was billed just after quarter end, suggesting that the true growth in business during the quarter was significantly greater than the official topline numbers listed above.
• Cash and cash equivalent securities increased 27% on a year-over-year basis for the Three Months ended September 30, 2020.
• The Company has also completed assembly of its industry-leading self-contained cryptocurrency mining pod, designed in partnership with Bit5ive LLC (“Bit5ive”). The pod completion will have a significant impact for ISWH operational performance over coming quarters.

“In terms of overall growth, we provided over $370k in services during the quarter, which represents an annual run rate of approximately $1.5 million on the topline,” commented Alonzo Pierce, President and Chairman of ISW Holdings. “The company continues to benefit from the aggressive growth rate in our Telehealth/home healthcare division. We are extremely excited about the Proceso crypto mining division, given that our investment in the data center/mining pod was made prior to powerful gains in the price of Bitcoin. Our initial pod is already assembled, and we look forward to reaping the rewards over the near and long term.”