ROCHESTER, NY, Jan. 25, 2022 (GLOBE NEWSWIRE) — DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational corporation with nine business segments in various industries with high growth industries, has entered into a share purchase agreement (the “Agreement”) with Alset EHome International, Inc. (“AEI”) pursuant to which the Company has agreed to issue up to 44,619,423 common shares of the Company (the “Shares”) for a purchase price of $0.3810 per share. If required by rules and regulations of NYSE American, LLC, the issuance of shares will be subject to the approval of the shareholders of the Company.
“This is a strong vote of confidence from our majority shareholder, Alset EHome International,” said Frank D. Heuszel, CEO of DSS. “The continued strengthening of our balance sheet with this latest injection of cash will enable us to capitalize more quickly on the wealth of opportunities available in our various business sectors.”
“Over the past two years, we have worked tirelessly to build a strong foundation for creating long-term shareholder value,” added Jason Grady, COO of DSS. “We are now entering the next phase of this strategy as we leverage this foundation to accelerate top line growth and ultimately drive bottom line performance.”
About DSS, Inc.
DSS is a multinational company operating business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, securitized digital assets, securities trading and management of funds, as well as banking, loans and finance. Its business model is based on a distribution sharing system in which shareholders receive shares of its subsidiaries while DSS strategically unlocks value through IPO spin-offs. Under new leadership since 2019, DSS has laid the foundation for sustainable growth through the acquisition and formation of a diverse portfolio of businesses positioned to drive profitability across five high-growth sectors. These companies deliver innovative, flexible, and actionable solutions that not only meet customer needs, but also create lasting value and transformational opportunities.
For more information about DSS, visit http://www.dssworld.com.
Dave Gentry, CEO
Companies RedChip Inc.
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions 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 include, but are not limited to, statements relating to the Company’s intended use of the product and other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to obtain, execute and maintain financing and strategic agreements and relationships; risks related to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patents and intellectual property; competetion; as well as other risks described in the section entitled “Risk Factors” of the Prospectus and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q , all of which can be obtained from the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made and reflect management’s current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except if required by law.