Business
ISW Holdings Announces Q2 2020 Financials: Sales Up 79%, on Pace to Double 2019 Revenues
ISW Holdings Announces Q2 2020 Financials: Sales Up 79%, on Pace to Double 2019 Revenues.
About this update from Blockquarry Corp.
[{"type":"text","content":"\n LAS VEGAS, Aug. 18, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to report operational performance data for the three months and six months ended June 30, 2020. Revenues for the three months ended June 30 totaled $248,675 (for the six months ended June 30, $485,593), representing year-over-year growth of 79% (and 244%) compared to comparable periods in 2019.Gross profits for the three months ended June 30 totaled $94,692 (for the six months ended June 30, $134,011), representing year-over-year growth of 72% (and 152%) compared to comparable periods in 2019.Developed new TeleCare telehealth solution for integration into Paradigm Home Healthcare (“PHH”) division services.Growth in PHH during the quarter included new clients and new providers.Signed JV agreement with Bit5ive LLC (“Bit5ive”) to deliver 1 MW cryptocurrency mining turnkey solution to major Pennsylvania mining facility. Management continues to believe additional investments and expansion in the Company’s PHH business have the potential to yield strong returns for shareholders, particularly given recent federal steps to deregulate the telehealth marketplace. As previously announced, the Company has developed a telehealth solution, TeleCare, specifically for integration into its PHH operations, which it believes may yield special additional value. The Company is still working on plans for further geographic expansion in PHH. In addition, TeleCare may allow for more diverse market exploration, including more rural locations for PHH, potentially expanding the total addressable market for PHH services. After signing a partnership agreement with Bit5ive, ISW Holdings also recently completed its new Proceso S19 Pod5ive data center design, which is a turnkey cryptocurrency mining solution capable of powering 1 MW of computing mining power. Initial units will be delivered to the Bit5ive 100-MW mining project in Pennsylvania. “We demonstrated the continued viability of our home healthcare business during a tumultuous quarter beset by tremendous challenges across the country due to the pandemic health crisis,” commented Alonzo Pierce, president and chairman of ISW Holdings. “We also ...