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ISW Holdings Inc. (ISWH) Reports Record Revenue, Forecasts $7M Per Month

NEW YORK, Dec. 20, 2021 (GLOBE NEWSWIRE) — via InvestorWire — ISW Holdings Inc. (OTC: ISWH) today announces 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.

To view the full publication and forward–looking statements, please visit: https://nnw.fm/YrdIL

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. During Q3, ISW Holdings Inc. (OTC: ISWH) reported revenue from operations of $1.075 million (including deferred revenues), up 2,435% on a year–over–year basis. 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% year to date to $9.56 million, while total liabilities decreased 73%, and total derivative liabilities decreased 98% to under $340,000. …

Looking ahead, revenue at Pod City will be comprised of hosting service fees, which aren't contingent upon cryptocurrency pricing. Once running at full capacity, the company estimates annual revenue in excess of $7 million per month, a tremendous improvement compared to current capacity with the benefit of being recurring under service contracts.

About ISW Holdings

ISW Holdings, based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company's expertise lies in strategic brand development, early growth facilitation, as well as brand identity through its proprietary procurement process. Together, with its partners, ISW Holdings seeks to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. The company is 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.

For more information about the company, visit www.ISWHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company's newsroom at http://ibn.fm/ISWH.

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GLOBENEWSWIRE (Distribution ID 8412373)

CMR Surgical expands into the Middle East

CMR Surgical expands into the Middle East

  • Versius being used to perform minimal access surgery (MAS) in several hospitals across the United Arab Emirates (UAE)
  • CMR's new UAE office will be the first office in the Middle East enabling expansion of operations in the region

Cambridge, United Kingdom. 20 December 2021 00:01 (GMT). CMR Surgical (CMR) "" the global surgical robotics business behind the next–generation surgical robotic system, Versius "" has today announced that it has successfully installed Versius into three hospitals in the United Arab Emirates (UAE), as the Company continues to expand globally in line with its mission to bring the benefits of minimal access surgery to more people around the world. To support the region, CMR has invested in the opening of a Middle East hub office in UAE and expects further sales in the region in the short–term.

In partnership with Gulf Drug, Versius has been acquired by hospitals across the UAE, where it is being used in a rapidly increasing number of surgeries in both public and private hospitals including at the Saudi German Hospital, Al Zahra Hospital, and American Hospital Dubai. The UAE, amongst other countries across the Middle East, has made considerable and rapid advances to adopt surgical robotics into clinical practice, and is seeing significant benefits by enabling more patients to receive MAS.

The installation of Versius across the UAE follows the introduction of the system in Europe, India and Australia. Versius has been used to perform a range of surgical specialities including Gynaecology, Colorectal, General and Urology surgeries to date. These include complex cancer cases that would otherwise have had to be performed via open surgical techniques, significantly reducing recovery time for patients and getting them out of hospital sooner.

Per Vegard Nerseth, Chief Executive Officer of CMR Surgical said: "It is wonderful to announce our commercial progress in the Middle East and we are excited to be amongst an ecosystem of innovative companies in Dubai. Our presence in Dubai shows how our business approach on an international scale has evolved, representing expansion into an important region where our mission of increasing access to keyhole surgery really resonates. The rapid pace and adoption of Versius into world class hospitals in Dubai has been outstanding and we look forward to further developments across the Middle East."

Dr Hatem Moussa, Director of General and Oncological Surgery at American Hospital Dubai said: "With Versius, our team has been able to perform highly complex surgeries at high volume with greater dexterity, precision and ease. Having successfully performed fifty minimal access surgeries in forty–five days, the introduction of Versius is allowing us to treat more and more patients using minimal access techniques, which has great benefit for both patients and our surgeons, who would otherwise often experience physical discomfort performing a high number of operations manually. Versius is a great asset to us at American Hospital Dubai and the region overall, and I am delighted we have adopted this innovative new technology."

Dr Reem Osman, Regional Chief Executive Officer at Saudi German Hospital Group said: "Introducing robotic surgery will help our doctors achieve their surgeries with much better results and recovery time, delivering what we always promise "" the best healthcare to our patients. This new state–of–the–art technology that is CMR's Versius Surgical Robotic System is a very important advance to the world of surgery, dynamically digitising healthcare while ensuring a safe and comfortable experience for patients."

The new CMR office, located in the Dubai Free Zone brings together top talent and highly experienced teams to help transform surgery and access to robotics for MAS in an advanced market. The UAE has a well–funded healthcare system looking to adopt new innovations providing an opportunity to bring surgical robotics to an underpenetrated region, for the benefit of hospitals and patients. The purpose–built building includes office space, conference and meeting rooms, and a high–tech robotics lounge to showcase Versius and facilitate training for frequent visiting surgeons. Working with partners, CMR anticipates significant growth in the Middle East region in the coming years.

The announcement follows CMR's commitment to an accelerated commercial expansion following a successful $600 million ( 425 million) Series D funding round, the largest–ever private MedTech raise earlier this year. The funding will support the continued expansion of the company, bringing Versius to more hospitals and patients around the world, as well as the continued development of the Versius digital ecosystem, such as Versius Connect "" a specialised app developed for surgeons using Versius.

"" ENDS ""

Media Contacts:

If you wish to see more, please contact CMR Surgical at:

Press Office, CMR Surgical
T +44 (0)1223 755801
E pressoffice@cmrsurgical.com

Notes to editors:

The Versius Surgical Robotic System

Versius resets expectations of robotic surgery. Versius fits into virtually any operating room set–up and integrates seamlessly into existing workflows, increasing the likelihood of robotic minimal access surgery (MAS). The small, portable and modular design of Versius allows the surgeon to only use the number of arms needed for a given procedure.

Biomimicking the human arm, Versius gives surgeons the choice of optimised port placement alongside the dexterity and accuracy of small fully–wristed instruments. With 3D HD vision, easy–to adopt instrument control and a choice of ergonomic working positions, the open surgeon console has the potential to reduce stress and fatigue and allows for clear communication with the surgical team. By thinking laparoscopically and operating robotically with Versius, patients, surgeons and healthcare professionals can all benefit from the value that robotic MAS brings.

But it's more than just a robot. Versius captures meaningful data with its wider digital ecosystem to support a surgeon's continuous learning. Through the Versius Connect app, Versius Trainer and CMR clinical registry, Versius unleashes a wealth of insights to ultimately improve surgical care.

About CMR Surgical Limited

CMR Surgical (CMR) is a global medical devices company dedicated to transforming surgery with Versius , a next–generation surgical robot.

Headquartered in Cambridge, United Kingdom, CMR is committed to working with surgeons, surgical teams and hospital partners, to provide an optimal tool to make robotic minimal access surgery universally accessible and affordable. With Versius, we are on a mission to redefine the surgical robotics market with practical, innovative technology and data that can improve surgical care.

Founded in 2014, CMR Surgical is private limited company backed by an international shareholder base.


GLOBENEWSWIRE (Distribution ID 1000584601)