Digital Power Lending Completes Beta Test of FinTech Portal
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 19, 2019--
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW” or the “Company”) today announced that its subsidiary, Digital Power Lending, LLC (“DPL”) has completed its beta testing of www.MonthlyInterest.com, an online fintech portal that facilitates investments that pay monthly interest. MonthlyInterest.com enables individuals to invest based on simple portfolio criteria ranging from the industry sector to the length of the investment and the interest rate. Each investment pays interest monthly. Investments span a wide range of sectors including real estate, defense and homeland security, specialized high-tech manufacturing, commercial lending, blockchain technology, data centers and data center management, hospitality ventures as well as other pecuniary projects of the Company.
“When DPW became a holding company, we envisioned the opportunity to fund our subsidiaries and partner companies. We believe MonthlyInterest.com will be disruptive by providing investors the opportunity to invest directly into companies and technology that will have a global impact, bypassing traditional banking and lending institutions,” stated DPW’s CEO and Chairman, Milton “Todd” Ault, III. Ault elaborated, “Our lending platform is becoming a more important part of DPW’s future.”
MonthlyInterest.com offers investments that pay monthly interest or monthly dividends. Each of the offerings on MonthlyInterest.com have different monthly interest rates depending upon the industry segment in which the company operates, and the length of the loan as stated by the offering company. MonthlyInterest.com users have the ability to select the offering in which they want to invest. To find out more, please visit MonthlyInterest.com. For any questions, please use the ‘message’ feature on the website, email at firstname.lastname@example.org, or call 888-488-4231.
About Digital Power Lending
Digital Power Lending, LLC (“DPL”) is a California Finance Lender (License No. 60 DBO-77905) that specializes in providing capital financing for small businesses through innovative products and services. DPL is a referral-based business seeking unique opportunities to assist in the growth of dynamic companies with operational experience and market accepted products and services. DPL, a California limited liability company, www.DigitalPowerLending.com is a wholly-owned subsidiary of DPW Holdings, Inc.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that may provide a global impact. Through its wholly owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, commercial lending, blockchain technology and data center management, crypto-mining, and textiles. In addition, the Company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.
This press 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. 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 SEC 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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Source: DPW Holdings, Inc.
IR@DPWHoldings.com or 1-888-753-2235