Month: July 2021

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Synchronoss Names Christina Gabrys Chief Legal Officer

BRIDGEWATER, N.J., July 27, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital products and platforms, today announced the appointment of Christina “Chrissy” Gabrys as Chief Legal Officer. Gabrys succeeds Ronald Prague who is stepping down after 15 years with the company to pursue other interests. In her new role, Gabrys will oversee all legal affairs for the company.

“Ron has played a significant role in shaping the Synchronoss that we are today. His leadership in negotiating and closing customer agreements, completing acquisitions and the company’s other financial endeavors – including his contribution to the successful recent recapitalization of the company – has been invaluable and he will be greatly missed,” said Jeff Miller, President and CEO of Synchronoss. “I would like to thank Ron for all he’s contributed to the business. We will always consider him part of the Synchronoss family and wish him well in his new endeavors. Ron also has put in place a thorough transition plan that will allow Chrissy to quickly assume her new responsibilities as we welcome her to the senior leadership team.”

Gabrys most recently served as Synchronoss’ Assistant General Counsel and Chief Compliance Officer where she worked with global customers and partners. As the company’s Chief Compliance Officer, she updated its compliance program to ensure best practices for corporate policies and procedures and governance across the organization. Gabrys joined Synchronoss as part of its acquisition of Openwave Messaging where she was legal counsel for the Americas and APAC.

“I am honored to assume the position of Chief Legal Officer and look forward to working with Synchronoss team members across the globe to empower our customers to connect with subscribers in trusted and meaningful ways,” said Gabrys. “I also want to express my sincere appreciation to Ron. His mentorship and diligent planning has paved the way for a seamless transition as I begin this new role.”

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com

Media Contacts

For Synchronoss:
Anais Merlin, CCgroup UK
Diane Rose, CCgroup US
E: synchronoss@ccgrouppr.com

Investor Contact
For Synchronoss: Todd Kehrli/Joo-Hun Kim, MKR Investor Relations, Inc., E: investor@synchronoss.com

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Accelerate Announces Digital Platform Launch

Accelerate is a natural extension of HIMSS’s origins and foundation as a member-driven society

CHICAGO, July 27, 2021 (GLOBE NEWSWIRE) — Today, Accelerate has entered the global health ecosystem as a purpose-built digital platform that drives 365 healthcare transformation by connecting health professionals to insights from peers and thought leaders, professional development tools, networking opportunities and curated content—anytime, anywhere.

Accelerate’s initial development has come from HIMSS, the global advisor and thought leader supporting the transformation of the health ecosystem through information and technology.

Accelerate is a natural extension of HIMSS’s origins and foundation as a member-driven society, and is an innovative solution aimed to support members, partners and the global health ecosystem 365 days a year.

Hal Wolf, the president and CEO of HIMSS, emphasizes: “Global operations, decades of experience, and thousands of members provide HIMSS with the critical scale and expertise required to execute such an ambitious pursuit. With unparalleled relationships among healthcare providers, industry executives, and public entities, Accelerate will be a digital platform that convenes a variety of health stakeholders.”

With Accelerate, professionals from all parts of the healthcare ecosystem have access to a highly personalized platform tailored to their unique needs. Organizations benefit from radically improved ways of managing, supporting, and developing their staff and members. Suppliers enjoy unmatched access to market insights, as well as innovative ways to engage with customers. Additionally, Accelerate will seamlessly integrate with curated 3rd party offerings—thereby empowering industry-leading partners to distribute their digital products and services through the platform 365 days a year.

“HIMSS membership has nearly doubled in the last four years to 110,000, with more than 36,000 living outside of North America. Last year underscored our commitment to respond and support our community and mission in dynamic ways and that we need capabilities to reach and support our members when they need it,” said Wolf. “HIMSS has lead the investment in Accelerate and helped it launch, and the platform will be an asset to not only HIMSS members, but to the global health ecosystem at large.”

Starting today, Accelerate is available to all HIMSS members, individual users, as well as to enterprises, organizations, and associations interested in getting access for their members.

Interested parties are invited to join a strong set of already-committed organizations and become part of the launch. For more information, visit www.youraccelerate.com.

Karen D. Groppe
Senior Director, Strategic Communications
Mobile 312.965.7898 | Twitter @Karen_D_Groppe

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Cameroon Asks People Who Fled Boko Haram to Return

MAROUA – Cameroon’s government has sent ministers to its northern border with Nigeria to convince villagers who fled Boko Haram militants to return. Cameroon invested $10 million on reconstruction efforts after damage caused by the Islamist terrorist group in some villages. But, in northern Cameroon, many villagers are reluctant to go home, and authorities acknowledge the militants are still a threat.

Bulldozers of Cameroon’s Ministry of Public Works fill destroyed portions of the 30-kilometer road linking Cameroon’s northern town of Mora to Banki, a town in northeast Nigeria.

Celestine Ketcha Courtes, Cameroon’s minister of housing and urban development, and Talba Malla Ibrahim, minister of public contracts, traveled to the site this week.

Courtes said they went to find out the effectiveness of reconstruction work on infrastructure damaged during fighting by Cameroonian troops and Boko Haram combatants.

She said Cameroonian President Paul Biya instructed her and the minister of public contracts to visit markets rebuilt to facilitate the purchase and sale of goats, cattle, table birds and food. She said they also saw roads built to ease travel between Cameroon and Nigeria and to facilitate trade between the two neighbors. She said Cameroon’s government is planning to rebuild infrastructure destroyed by the jihadist militant group Boko Haram.

Cameroon said the $10 million was invested this year for reconstruction of schools, hospitals and markets destroyed by Boko Haram. Alamine Ousman Mey is the minister of economy. He said civilians who fled can return and occupy infrastructure that has been reconstructed.

“It started with the reconstruction be it [of] the police as well as custom administrative facilities [buildings]. It has gone further to train those involved in protecting the population and also the community to be part of the stabilization process. It is about bringing back economic life,” he said.

Mey acknowledged Boko Haram is still a threat. He said civilians should return as the military will protect people to help in the development of their towns and villages.

But this week, Cameroon reported two Boko Haram deadly attacks that claimed the lives of 13 troops and civilians in the border villages of Sagme and Zigi. The latest attack was in Zigi on Tuesday. Authorities say five troops and six civilians were killed.

Cameroon said several hundred civilians fled the two villages.

There has been no comment from Nigeria, but a Multinational Joint Task Force (MNJTF), established by Lake Chad Basin countries to combat Boko Haram, consists of troops from Nigeria, Cameroon, Benin, Niger and Chad. The troops, which have a base in Mora, are posted along Cameroon’s border with Nigeria.

Gregory Bonglam is a teacher. He said on Tuesday, he fled Mozogo, a northern administrative unit on the border with Nigeria after yet another Boko Haram attack.

“You never can identify who is Boko Haram and who is not. We were sitting outside and discussing. Little did we know that Boko Haram was around and before we knew it, there were already explosives. Luckily, we were a little far from the incident otherwise we would have been killed. Going back there is really very dangerous,” he said.

Philemon Ndula, conflict resolution specialist with the Cameroon NGO Trauma Center, said Cameroon should ensure there is peace before reconstruction.

“What I will suggest is for the government to talk about recovery. In recovery, there is the physical aspect of building the schools, building the houses, building the hospitals and so on. So that is why I am saying that reconstruction is just a starting point. The psychological aspect is actually the heart of the matter. People can only go out to do their businesses, to go to their farms when they have that minimum security,” said Ndula.

Cameroon says security will improve if civilians collaborate with authorities and report to authorities if they see suspicious activities in towns and villages. The government is also asking for the creation of militias to assist the military fight Boko Haram.

Boko Haram has been fighting for 11 years to create an Islamic caliphate in northeast Nigeria and parts of Cameroon, Chad, Niger and Benin.

The violence has cost the lives of 30,000 people and displaced about 2 million civilians, according to the United Nations.

Source: Voice of America

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South Africa Riots Reveal Political Failures

JOHANNESBURG – This month’s riots across South Africa have underscored concerns about inequality and stability after nearly three decades of democracy. In Soweto, owners of pillaged shops accuse the government of failing them.

Mahamadali Randera watched helplessly from outside his electronics shop at a strip mall in Soweto as determined looters broke through its heavy metal gate.

In a matter of hours, his livelihood of the past seven years disappeared.

Neighboring shops were also emptied before the one-story building was torched.

Nationwide, losses from the unrest that overwhelmed police, destroyed infrastructure and halted local economies are estimated in the billions of dollars.

Small business owners like Mohamadali Randera in Soweto are left asking authorities: why?

“I’m really disappointed in this government,” said Randera. “Why the government can’t open up their hands and do this targeting these people who are do this nonsense because not only my shop, there’s a million people who lost their business.”

Experts say the riots were an eruption of frustrations that have long been simmering among South Africans.

Extreme inequality has persisted since the ruling party — the African National Congress — was first elected in 1994.

Nelson Mandela University’s Hlingwe Ndlovu says although it brought freedom to the nation, the ANC has since failed to deliver for the poorest.

“We’re seeing now post 1994, we have a different governance with a different face, but the conditions pretty much are more or less the same… People are angry, people are hungry and they want to take out this frustration,” Ndvolu said.

President Cyril Ramaphosa announced this week the return of a social grant for those who have lost their jobs during COVID-19 lockdowns.

Uninsured business owners like Randera can also expect funding.

But Johannesburg-based international relations expert Leaza Jernberg says the response has yet to restore public confidence in the state.

“There is some frustration that everything moves too slowly and that we hear lots of wonderful promises but if you’re not actually going to carry them through then what’s the point?,” Jernberg asked.

Divisions within the big-tent party are also festering while allegations of corruption under former President Jacob Zuma’s administration mount.

But voters are left with few alternatives. Jernberg said opposition parties fail to attract broad support by being too radical or appealing to old racial and ethnic ties.

And yet, Jernberg says the unrest may have also revealed the strengths of the country’s democracy.

“The constitutional court held firm, the different people in civil society and the institutions came out in support of the court and despite the unrest, President Zuma remains in prison, which has to be seen as a triumph for the rule of law,” Jernberg said.

The country is now closely watching how the law is being enforced on those involved in the riots.

More than 25-hundred people have been arrested, six of whom face charges for inciting violence. The government has said more arrests are expected.

Source: Voice of America

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Biden Administration Launches Initiative to Build US-Africa Trade

NAIROBI – The administration of U.S. President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the U.S. and Africa.

Dana Banks, U.S. senior director for Africa at the National Security Council, said Wednesday in an online news briefing that the U.S. was ready to do business with the continent.

“The campaign is a targeted effort to elevate and energize the United States commitment to trade and investment with countries across the African continent under the Biden and Harris administration,” Banks said. “And our goal is to substantially increase two-way trade and investment between the United States and Africa by connecting U.S. and African businesses and investors with tangible deal opportunities.”

It’s not the first time the U.S. government has engaged Africa on trade.

— In 2000, President Bill Clinton signed the African Growth and Opportunity Act (AGOA), the deal that provided African countries with unilateral, duty-free exports for 6,500 products to the U.S. AGOA still exists and is extended until 2025.

— According to the Brookings Institution, South Africa got $917 million in 2019 by exporting automobile and agricultural products to the U.S.

— A separate study done by the University of South Africa in 2017 found that the U.S. imported 10 percent of its wine from South Africa, worth $59 million.

— And the U.S. government is now negotiating a free trade agreement with Kenya.

More growth, jobs

Banks said America wants to participate in Africa’s growth.

“Africa’s increasing integration into the global markets, demographic boom and the thriving culture of entrepreneurship present a remarkable opportunity for us to strengthen those economic ties and promote new opportunities for both U.S. and African businesses to fuel economic growth and job creation and greater U.S. participation in Africa’s future,” she said.

Gerrishon Ikiara, an international economic affairs lecturer at the University of Nairobi, said the initiative would help strengthen the relations between the U.S. and Africa.

“The U.S. wants to tap that both for economic reasons, political and international relations reasons, because it is known all over the world that trade links also help to build political and diplomatic links. … This is key for both the U.S. and Africa as of now,” Ikiara said. “The U.S. is also knowing more about African products, African culture, with many migrant workers from Africa working in the U.S.”

However, some critics say the trade and investment plan could undermine the African Continental Free Trade Area, which was established in 2019. That agreement promotes the free movement of goods and people across the continent.

Source: Voice of America

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Acumen Closes $58 Million Impact Fund, the First to Drive Climate Adaptation for Smallholder Farmers

The Acumen Resilient Agriculture Fund (ARAF) seeks to build an ecosystem of agribusinesses that improve farmers’ livelihoods and build their resilience to climate change.

Nairobi, Kenya, July 27, 2021 (GLOBE NEWSWIRE) — The Acumen Resilient Agriculture Fund (ARAF) closed on June 30 at $58 million. This first-of-its-kind equity fund provides critical capital to support African agribusinesses that help smallholder farmers adapt to climate change. Sponsored by Acumen and anchored by Green Climate Fund (GCF), the fund is supported by the Dutch entrepreneurial development bank (FMO), the Soros Economic Development Fund, the French development institution PROPARCO (through FISEA+, the AFD Fund advised by PROPARCO), the Children’s Investment Fund Foundation, IKEA Foundation, Global Social Impact, and other respected investors and funders. The fund is managed by Acumen Capital Partners, a wholly owned subsidiary of Acumen.

“Smallholder farmers feed the world, but they are among the most affected by the climate crisis,” said ARAF’s Managing Director Tamer El-Raghy. “ARAF’s impressive $58 million close, $8 million above our initial target for the fund, is a watershed moment and, with only 5% of climate investment directed toward adaptation, signals the beginning of a shift in climate finance. By investing in agri-startups in East and West Africa, ARAF can reduce poverty, build climate resilience, and demonstrate the impact of investing in resilient agriculture. Since we started deploying capital in 2020, our team has invested in five companies operating in Kenya, Uganda, and Nigeria.”

Poverty, climate change, and resilient agriculture are intrinsically linked: More than half of the people living in poverty are smallholder farmers. These farmers provide a third of the world’s food supply. In Africa, their role is even larger as they produce approximately 80% of the continent’s food. Soil degradation, severe storms, shifting weather patterns, and more have changed the nature of farming, threatening farmers’ livelihoods and their ability to feed communities worldwide. These challenges are intensified by structural inefficiencies and limited access to credit. By supporting agribusinesses that offer aggregation, digital platforms, and financial solutions to smallholder farmers, ARAF seeks to build an ecosystem that enables farmers to raise their incomes and increase their resilience.

“The Green Climate Fund is delighted to partner with Acumen to support innovative agribusinesses that enhance the climate resilience of smallholder farmers in Africa. GCF has supported the Acumen Resilient Agriculture Fund from the early concept phase and provided catalytic capital to unlock private investment into this first climate adaptation-focused agribusiness investment fund in Africa. The fund will make critical investments to support climate resilience and agriculture productivity for smallholder farmers across countries in East and West Africa and help shift the pattern of investment in climate change adaptation in Africa from grants to a long-term capital approach,” said Director of GCF’s Private Sector Facility Tony Clamp.

New research by Acumen, funded by the United Kingdom Foreign, Commonwealth, and Development Office’s (FCDO) Strengthening Impact Investment Markets for Agriculture (SIIMA) program, illustrates the need for this transition, and calls for an increase in risk-tolerant, blended capital to sustainably scale agribusinesses that help build climate resilience. ARAF’s first-loss layer, supported by GCF and IKEA Foundation, enables this risk tolerance. Research also shows the importance of working with farmers and providing repeat training and instruction on how to best leverage products and services. ARAF answers this call by using blended finance to provide long-term support to small and medium-sized agribusinesses and through its $5 million Technical Assistance Facility (TAF) that is designed to provide farmers with the hands-on support they need. The TAF is funded by grants from GCF, IKEA Foundation, FCDO, and FMO.

“We are pleased to support ARAF as a lead investor. As a very reputable investor with an impressive track record in impact investing, Acumen’s focus on investing in promising early-stage companies active in smallholder value chains across East and West Africa aligns perfectly with FMO’s strategy. More importantly, by also being the first climate adaptation-focused agribusiness fund for African smallholders, the fund meets both our Green and Reducing Inequalities labels,” said Pieternel Boogaard, director of agribusiness, food, and water at FMO.

“The Soros Economic Development Fund is thrilled to support ARAF as a lead investor and help improve the climate resilience of smallholder farmers across sub-Saharan Africa. We believe ARAF can foster change by helping to seed, expand, or scale business models and restructure their relationship with powerful economic actors to empower smallholder farmers to improve their livelihoods and thrive. While initiated before COVID-19, this investment speaks to the moment by supporting vulnerable communities that are already disproportionally at risk,” said Catherine Cax, director of investments at the Soros Economic Development Fund.

To create ARAF, Acumen drew on its 20-year history supporting early-stage social enterprises and its experience scaling the off-grid energy sector through individual investments and commercial funds. Through ARAF, Acumen is bringing the same approach to resilient agriculture and delivering catalytic investment to address the capital gaps for agribusinesses on their journey to scale.

“The world’s poorest communities are often those hit hardest by the negative impacts of climate change. While wealthier people can afford to adapt, rebuild, and relocate, the poor are left to fend for themselves. At Acumen, much of our work focuses on helping low-income people, particularly farmers, adapt to and become resilient to climate change. That’s why we are so proud to sponsor ARAF and lead a group of committed investors to inject much needed capital into early-stage, integrated agribusinesses that will promote economic growth where it’s needed most and help us build a future with the sustainability of the earth at its center,” said Acumen Founder and CEO Jacqueline Novogratz. “Leveraging institutional support often requires initial philanthropic commitments, which are rare in the impact sector. We are deeply grateful to IKEA Foundation for its philanthropic gift that played a vital role in the launch of this critical fund.”

ARAF’s $58 million close illustrates a new focus on climate resilience among major investors. Together, the ARAF funders are reducing poverty, increasing climate resilience, and galvanizing sector-wide growth that can help build a more sustainable and prosperous future for us all.

CONTACT:

Liza Kane-Hartnett

+1 (941) 928.3843

lkanehartnett@acumen.org

About the Acumen Resilient Agriculture Fund (ARAF)

ARAF is an impact agriculture venture capital fund that invests in agri-startups with business models that help smallholder farmers become more resilient to climate change. ARAF is managed by Acumen Capital Partners, a wholly owned subsidiary of Acumen. Learn more at www.ARAFund.com.

About Acumen

Acumen is changing the way the world tackles poverty. We invest patient capital in inclusive, early-stage social enterprises that serve people in poverty and enable them to transform their lives. We share our ethos, principles, and practices to train the next generation of leaders through Acumen Academy. We scale the most effective solutions to systemic poverty through for-profit, returnable impact funds, managed by Acumen Capital Partners, totaling more than $150 million. Founded in 2001 by Jacqueline Novogratz, Acumen has invested more than $137 million in 139 companies across Africa, Latin America, South Asia, and the United States. Learn more at www.acumen.org and follow us on Twitter @Acumen.

Liza Kane-Hartnett
Acumen
+1 (941) 928.3843
lkanehartnett@acumen.org
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Sanaag Specialty Hospital Opens Doors In Somaliland

Hospital backed by doTERRA Healing Hands will provide sustainable, quality health care to hundreds of thousands across a remote African region

PLEASANT GROVE, Utah and HARGEISA, Somaliland, July 27, 2021 /PRNewswire/ — doTERRA today announced the grand opening of Sanaag Specialty Hospital, located in Erigavo, the heart of Somaliland’s Frankincense resin harvesting region. The hospital provides quality, accessible healthcare in a region with over 600,000 people. Working with the Ministry of Health, Ministry of Planning, Response-Med, and various NGOs over the last four years, doTERRA Healing Hands Foundation and local partners, Jibriil Foundation and Asli-Maydi, funded the construction of the hospital to bring primary and secondary healthcare services to the remote region.

The Sanaag Specialty Hospital was officially opened by David Stirling, Barkhad Hassan, and Edna Adan.

The Sanaag Specialty Hospital provides services, including accident and emergency care, maternity and neonatal care, operating theater (C-sections and surgical procedures), pediatric care, in-patient and out-patient care, diagnostic services (laboratory and radiology), and community outreach. Part of the hospital’s community outreach will include training of maternal child health and health outpost personnel, regular health day clinics offering maternal and child health checks, as well as ambulatory response for emergency situations.

“Prior to the opening of the Sanaag Specialty Hospital, people had to travel over 12 hours to reach medical help, if they could afford the journey at all,” said Dr. Russell Osguthorpe, doTERRA Chief Medical Officer. “Now, Sanaag provides a full-service hospital, pediatric care, pharmacy services and community outreach services, among other medical care. This first-class facility allows us to face the region’s high infant and child mortality rate. We have an amazing and dedicated medical team that is already seeing success and making an impact in the lives of Somalilanders.”

“When doTERRA looks for sourcing partnerships, we deliberately choose locations where we can obtain the highest quality essential oils, while also focusing on improving the individual, social, economic, and environmental well-being of the people in surrounding communities,” said David Stirling, doTERRA founding executive and CEO. “The hospital has been a vision of ours for more than four years, and its completion represents the passion, determination, grit, and hard work of so many people and organizations. We can’t thank everyone enough for their contributions. Sanaag Speciality Hospital will be a powerful force for good in the lives of individuals and families living and working in the region for generations.”

The hospital currently employs over 100 staff, including a chief medical officer, senior medical officer and doctors specializing in general and trauma surgery, obstetrics, gynecology, internal medicine and child and infant care. The support staff include trained laboratory technicians, anesthetists, radiologists, pharmacists and nurses. Hospital and lab equipment meet the highest international standards and include an ambulance, three ultrasound machines, three incubators, and portable x-ray machines, among other technology.

doTERRA sources different species Frankincense resins from Somaliland, Oman, and Ethiopia. In Somaliland, doTERRA’s Frankincense resins come from the Sanaag Region. Approximately one-third of the national population lives in this region, and Frankincense harvesting is a primary source of employment. While middle men have often historically taken advantage of harvesters and collectors in the Frankincense industry, doTERRA has worked closely through its Co-Impact Sourcing program over several years to form a more traceable network of harvesters, collectors, and sorters working with over a dozen tribal sub-clans within Somaliland—providing livelihood opportunities to over 7,000 people.  This approach enables a more stable and reliable income, fairness, employment, and security for those within these supply chains.

About dōTERRA
dōTERRA® International is an integrative health and wellness company and the world leader in the Global Aromatherapy and Essential Oils market. dōTERRA sources, tests, manufactures and distributes CPTG Certified Pure Tested Grade® essential oils and essential oil products to over nine million dōTERRA Wellness Advocates and customers. Through industry leading responsible sourcing practices, dōTERRA maintains the highest levels of quality, purity and sustainability in partnership with local growers around the world through Cō-Impact Sourcing®. The dōTERRA Healing Hands Foundation®, a registered 501(c)(3) non-profit organization, offers resources and tools to global sourcing communities and charitable organizations for self-reliance, healthcare, education, sanitation, and the fight against human trafficking. Through the life-enhancing benefits of essential oils, dōTERRA is changing the world one drop, one person, one community at a time. To learn more, visit www.doTERRA.com.

doTERRA International Logo

Photo – https://mma.prnewswire.com/media/1581756/Sanaag_Specialty_Hospital_Ribbon_Cutting.jpg
Logo – https://mma.prnewswire.com/media/385568/doTERRA_Logo.jpg

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ISW Holdings Lands Significant Hosting/Mining Agreement with Global Leader Bitmain to Launch Phase One at New Georgia Cryptocurrency Mining Operation

LAS VEGAS, July 27, 2021 (GLOBE NEWSWIRE) — via InvestorWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is excited to announce the signing of a cryptocurrency mining hosting agreement (the “Agreement”) with Bitmain Technologies (“Bitmain”), the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm.The Agreement will form the backbone of the Company’s Phase One launch of its cryptocurrency hosting and mining operation in Georgia. Further details related to this Agreement will be discussed in the near future.

Irene Gao, Antminer BD Director NCSA Region, Bitmain, said, “We are excited to have signed this new pioneering project to begin cooperation with ISW Holdings, a new milestone for the industry for creating hosting facilities overseas. The 200 MW facility is the first phase of our long-term partnership, utilizing renewable energy as its source. We expect to further expand this project into the future to support the development of the industry.”

“Bitmain is probably the most recognizable name in the mining space, and we are excited that they will be a major piece of our success in Georgia,” remarked Alonzo Pierce, ISW Holdings president and chairman. “Once our 200 MW power tranche is fully utilized, we anticipate annualized revenues of over $200 million, but that will only close the first phase of our vision. We look forward to discussing our next phases in due course. If we are able to execute according to our full vision, we have the potential to drive exponential revenue growth ahead.”

For more details and forward-looking statements, view the entire announcement: https://ibn.fm/ISWBitmainAnnouncement

About Bitmain

Bitmain Technologies is a multinational semiconductor company with state-of-the-art IC design capabilities. Bitmain offers products, including chips, servers, and cloud solutions for blockchain and artificial intelligence (AI) applications. Founded in 2013 and headquartered in Haidian District, Beijing, Bitmain has research and development centers in Hong Kong, Singapore, and the United States. According to Frost & Sullivan, Bitmain is among the world’s top 10 fabless IC designers and China’s second largest. In the blockchain mining area, Bitmain has shipped billions of ASICs, accounting for 75% of the global market.

About ISW Holdings

ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.

The Company’s cryptocurrency mining segment, established in partnership with industry leader, Bit5ive LLC, is driven by a mission to mine cryptocurrency with a zero-carbon footprint.

For more information, visit www.iswholdings.com.

Company Contact:
info@ISWHoldings.com

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