Ault Global Holdings Announces Formation of Ault Global Real Estate Equities, Inc. to Invest in Commercial Real Estate
LAS VEGAS–(BUSINESS WIRE) – Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced that it has acquired Ault Global Real Estate Equities, Inc., a Nevada company (“AGREE” ) to invest in commercial real estate and target the mid-market segment in the US. AGREE has appointed Christopher K. Wu as Chief Executive Officer to lead this strategy.
Mr. Wu stated, “I am excited to lead the AGREE platform to invest opportunistically and create long-term value in commercial real estate sectors such as hospitality and apartment buildings across the country.”
Milton “Todd” Ault, Executive Chairman of the Company, stated, “We believe there are attractive commercial real estate assets in the United States that would benefit from capital investments and repositioning, and we believe that, with his experience in the commercial, Chris Wu Real estate sector, will take a strong lead in driving investments that meet our criteria. Chris brings unique skills and connections to providing the company with non-recourse financing so that we can expand our real estate portfolio with limited impact on the company’s resources. ”
For more information about Ault Global Holdings and its subsidiaries, the company recommends that shareholders, investors and other interested parties consult the company’s public filings with the SEC, available at www.sec.gov, and the press releases, which are available in the Investor Relations section at to read www.AultGlobal.com.
About Ault Global Holdings, Inc.
Ault Global Holdings, Inc. is a diversified holding company that seeks growth through the acquisition of undervalued businesses and disruptive technologies with global impact. Through its wholly owned subsidiaries and strategic investments, the company offers business-critical products that support a wide variety of industries including defense / aerospace, industrial, automotive, telecommunications, medical / biopharmaceutical, and textiles. In addition, the company grants loans to selected entrepreneurial companies through a licensed credit subsidiary. Ault Global Holdings’ headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.
Forward-Looking Statements
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 forward-looking in nature and depend on or relate to future events or conditions, and include words such as “believe”, “planet”, “anticipate”, “project”, “estimate”, ” Expected, “intends”, “strategy”, “future”, “opportunity”, “can”, “will”, “should”, “could”, “potentially” 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 publicly update them in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statements due to various factors. Additional information, including potential risk factors that could affect the company’s business and financial results, is included in the company’s filings with the Securities and Exchange Commission, including, but not limited to, Forms 10-K, 10 -Q and 8. of the company -K. All submissions are available at www.sec.gov and on the company’s website at www.AultGlobal.com.