DPW Holdings, Inc. (NYSE American: DPW) this morning announced an agreement with subsidiary IAM, Inc., owner of the Prep Kitchen brand of restaurants, to add up to four San Diego locations in 2019 and initiate an active growth plan over the coming years. The program aims to expand the Prep Kitchen restaurant brand and promote future inclusion of other restaurant concepts. “DPW seeks assets with significant promise,” DPW CEO and Chairman Milton “Todd” Ault III stated in the news release. “With strong hospitality leadership, IAM, Inc. and Prep Kitchen is positioned to capitalize on the exploding San Diego market. This commitment allows growth for IAM to double the size of their current portfolio.”
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About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with 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, 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. For more information, visit the company’s website at www.DPWHoldings.com
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