Business
ISW Holdings Set to Post Strong Q2 Revenue Growth Strengthened by Home Healthcare, Telehealth
ISW Holdings Set to Post Strong Q2 Revenue Growth Strengthened by Home Healthcare, Telehealth.
About this update from Blockquarry Corp.
[{"type":"text","content":"\n LAS VEGAS, Aug. 04, 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 that the Company anticipates continued improvement and sequential quarterly revenue growth when performance data for quarter-ended June 30 are disclosed this month, with the bulk of gains driven by continued expansion in its Paradigm Home Healthcare (“PHH”) division. This follows the Company’s announcement last week that it has completed design-stage work on its forthcoming 1MW Proceso S19 Pod5ive Data Center for shipment to the 100-megawatt Pennsylvania cryptocurrency mining project as part of its joint venture with Bit5ive, LLC (“Bit5ive”). “Last week, we announced our new focus on the Pennsylvania project with Bit5ive and our participation in one of the most ambitious crypto mining facilities in the world, but the real breadwinner for the Company at present remains our flourishing home healthcare business,” commented Alonzo Pierce, president and chairman of ISW Holdings. “The strong performance in Q2 from PHH was highlighted by continued growth in new clients and new hires. We are also very excited about our upcoming integration of proprietary telehealth technology into PHH operations.” Management notes that the Company is on track to post a fifth consecutive quarter of sequential revenue growth in its PHH operations (and overall), with performance augmented by unique factors related to the current health crisis as well as longer-term tailwinds with demographic and socioeconomic roots. This strength is also being driven by wider adoption and deregulation around telehealth, more generally, which allows many more potential in-patients to opt for home healthcare through businesses like PHH while maintaining regular contact and consultation with their own healthcare professionals. The Company is also gearing up for a more definitive integration of its home healthcare and telehealth assets and operations to capitalize on the clear synergies involved. Pierce added, “We believe we are still in the early innings of a period of phenomenal growth and performance in our home healthcare business. In addition, as we integrate our TeleCare technology solution int...