ISW HOLDINGS INC ANNOUNCES PLACEMENT IN EDITORIAL, REPORTS RECORD REVENUE

KUALA LUMPUR, Dec 21 (Bernama) -- ISW Holdings Inc has announced its placement in an editorial published by NetworkNewsWire (NNW), one of 50+ trusted brands within the InvestorBrandNetwork (IBN), a multifaceted financial news and publishing company for private and public entities.

Developments are translating to revenue and cash flow, resources that will underscore growth in 2022 and beyond with Pod City and other hosting and mining operations, according to a statement.

In the same statement, during Q3, ISW Holdings Inc reported revenue from operations of US$1.075 million (including deferred revenues), up 2,435 per cent on a year-over-year basis. (US$1 = RM4.223)

That didn’t include a full three months of 550 new miners acquired from Minerset, 150 of which came as a result of ISWH meeting stock performance milestones.

Total assets during Q3 increased 5,263 per cent year to date to US$9.56 million, while total liabilities decreased 73 per cent, and total derivative liabilities decreased 98 per cent to under US$340,000.

Looking ahead, revenue at Pod City will comprise hosting service fees, which aren’t contingent upon cryptocurrency pricing.

Once running at full capacity, the company estimates annual revenue in excess of US$7 million per month, a tremendous improvement compared to current capacity with the benefit of being recurring under service contracts.

More details at www.ISWHoldings.com.

-- BERNAMA