FREMONT, Calif., Jan. 31, 2018 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE American: DPW) ("DPW" or the
"Company"), a diversified holding company, announced today it has entered into an agreement to acquire the
operations of Flexisphere, http://www.flexisphere.com/, an IT managed services provider that will work with Super Crypto
Mining, DPW’s wholly owned subsidiary, to leverage its curated blockchain and cloud mining technology and expertise. Flexisphere’s
client base ranges from small to medium businesses (“SMB”) and large firms that seek expertise for desktop, network, and other
distributed services as well as programming, web/online asset development and cloud computing. Flexisphere is expected to be a
majority-controlled subsidiary of DPW and will be available to provide a host of services including supporting Super Crypto
Mining’s development of an online cloud mining platform for consumers interested in purchasing hash-rate for as low as $250.00. The
cloud mining platform will feature a comprehensive dashboard readily providing historical and real-time operational data to its
subscribers. In conjunction with these developments, the Company has prompted Super Crypto Mining to appoint Darren Magot as its
CEO.
Flexisphere is led by its President, CEO and Founder, Thomas Saleh, a leading entrepreneur in the computer industry for more
than three decades. Mr. Saleh has founded seven successful high-technology companies, and influenced the success of several more.
His first company, Applied Logic, an early provider of Managed Hosting Services, was acquired by Raytheon in 1980. He next founded
XNET, which built the first fully automated financial futures and commodities exchange (INTEX) in Bermuda. XNET was acquired by the
International Futures and Commodities Exchange in 1984. From there Mr. Saleh’s accomplishments have varied, but include his tenure
from 2007 to 2009 at the FASB where, at the request of the president of the Financial Accounting Foundation and the Chairman of the
SEC, Mr. Saleh served as the CTO and led the development of the USGAP XBRL “Intelligent Data” project. Mr. Saleh’s research on
Policy Driven Security and Cloud Computing technologies led to the formation of FlexiSphere, a company specifically focused on
delivering highly managed and ultra-secure turnkey computing to selected verticals including financial services, legal and
transportation. Mr. Saleh has served as a strategic consultant and senior adviser to the NASDAQ, the NYSE, the FASB and Safeway
Supermarkets among others. He has served as a director of 6 venture-backed companies and advises several private equity funds.
“We are excited about the appointment of Darren Magot as the CEO of Super Crypto Mining. Mr. Magot brings decades of experience
with identifying consumer tastes and trends to drive many successful marketing plans and programs that maximized client revenues
against stern competition. We believe Mr. Magot has the critical expertise to navigate Super Crypto Mining’s future through the
rapidly evolving crypto space. We expect him to lead Super Crypto Mining in accomplishing multiple goals including the deployment
of over 10,000 crypto miners, the establishment of multiple data centers and mining co-locations that operate efficiently and
effectively to launching our latest initiative, cloud based mining so consumers can readily participate by purchasing hash-rate at
an affordable level,” said Milton “Todd” Ault III, the Company’s CEO and Chairman. Mr. Ault continued, “We are committed to
supporting Super Crypto and all its projects as we execute on our highly profitable long-term strategies. We see the anticipated
acquisition of Flexisphere as in integral part of our long-term strategy. We look forward to having Flexisphere and its very
talented team of experts lead by Mr. Saleh join the DPW family. Mr. Saleh brings a wealth of experience, proficiency and knowledge
that can benefit all DPW. We also look forward to Super Crypto Mining working with Flexisphere and Mr. Saleh in the short-term to
develop an innovative cloud mining platform.”
Mr. Magot has over 30 years of experience in business development, financial management and sales management with both private
and public companies leading teams and projects of various sizes. For the last 5 years, Mr. Magot has been focused on the
innovation of new technology and products with some of the largest Fortune 500 companies in the world. The Company selected Mr.
Magot since he possessed the best skill set to create a team that can support the aggressive growth opportunities within the Super
Crypto family brands. Mr. Magot has a Finance Degree from California State University in Chico. Mr. Magot is the featured guest
speaker who will update attendees along with the Company’s CEO and Chairman on both the current and future activities and
initiatives of Super Crypto Mining during the 1-hour webinar on January 31, 2018 starting at 5:00pm EST. To participate attendees
must individually register prior to the webinar using this link, DPW Webinar.
The Company reminds everyone that the presentation for the webinar will be made public through the filing with the SEC of an 8-K
report prior to the webinar on Wednesday afternoon. Shareholders, investors and the public are encouraged to review the
presentation prior to the webinar as it will be posted at www.DPWHoldings.com. The Company will make available, after the webinar, a video recording for
those who could not attend as well as for anyone else. The video will be posted along the side of the posted presentation in the
coming days with a link sent to all registered participants.
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc., www.DPWHoldings.com, is a diversified holding company that, through its wholly owned subsidiary,
Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions where innovation is the main driver
for mission-critical applications and lifesaving services. Coolisys’ growth strategy targets core markets that are characterized by
“high barriers to entry” and include specialized products and services not likely to be commoditized. Coolisys through its
portfolio companies develops and manufactures cutting-edge resonant switching power topologies, specialized complex high-frequency
radio frequency (RF) and microwave detector-log video amplifiers, very high-frequency filters and naval power conversion and
distribution equipment. Coolisys services the defense, aerospace, medical and industrial sectors and manages four entities
including Digital Power Corporation, www.DigiPwr.com, a leading manufacturer based in Northern California, 1-877-634-0982; Digital
Power Limited dba Gresham Power Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK; Microphase Corporation, www.MicroPhase.com with its headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus
Technical Distributors, www.Power-Plus.com, a wholesale distributor based in Sonora, CA 1-800-963-0066.
Digital Power Lending, LLC, www.DigitalPowerLending.com, a wholly owned subsidiary of the Company, is based in Fremont, CA,
and is a California private lending company dedicated to strategically providing capital to small and middle size businesses for an
equity interest in addition to loan fees and interest. Super Crypto Mining, Inc. www.SuperCryptoMining.com is a wholly-owned subsidiary of the Company, is based in Fremont CA
that leverages its engineering expertise and existing locations to create crypto currency mining facilities across the globe
Super Crypto Mining operates the branded division, Super Crypto Power, www.SuperCryptoPower.com. Excelo, LLC, www.Excelo.com, a wholly-owned subsidiary of the Company, is a national search firm specializing
in fulfilling strategic executive, professional and hi-tech placements for businesses delivering world-class services. DPW
Holdings, Inc.’s headquarters is located at 48430 Lakeview Blvd., Fremont, California, 94538; 1-877-634-0982. For Investor
inquiries: IR@DPWHoldings.com or 1-888-753-2235.
Forward-Looking Statements
The foregoing release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the
acquisition and the ability to consummate the acquisition. These forward-looking statements generally include statements that
are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,”
“anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,”
“could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements.
Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual results could differ materially from those contained in any
forward-looking statement as a result of various factors. More information, including potential risk factors, that could
affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange
Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
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