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DSS, Inc. reports developments across a diversified operating platform that includes Product Packaging, Biotechnology, Commercial Lending, and Securities & Investment Management. Company updates commonly address packaging operations, financial results, balance-sheet actions, common-stock offerings, and regulatory or audit disclosures.
News also covers subsidiary activity such as Sentinel Brokers Company, Inc., a FINRA-registered broker-dealer with fixed income trading, equity market-making, and approval to act as an underwriter and selling group member for corporate securities offerings.
DSS, Inc. has announced the near completion of a 105,000 sq. ft. facility for its subsidiary, Premier Packaging Corporation, located in Henrietta, NY. This expansion, scheduled to start operations on February 1, 2022, more than doubles Premier's existing capacity. The investment includes approximately $12 million in CAPEX, aimed at improving production efficiency and increasing staffing by over 50%. Premier specializes in sustainable fiber-based packaging solutions, targeting a growing customer demand while minimizing environmental impacts.
DSS, Inc. (NYSE American: DSS) announced that its subsidiary, American Pacific Bancorp (APB), has issued nearly $20 million in new loans since September 2021. CEO Frank D. Heuszel highlighted the diversified loan portfolio, which includes commercial real estate financing and equipment loans. APB targets businesses with annual revenues between $5 million to over $50 million across various sectors. DSS holds over 50% of APB's shares, with plans to expand its lending network and serve clients globally, particularly in underserved markets.
DSS, Inc. (NYSE American: DSS) has opened a new office in Sacramento, California, serving as the headquarters for DSS Wealth Management and DSS AmericaFirst Quantitative Funds. This strategic move is expected to enhance sales and marketing efforts, capitalizing on strong growth potential in the wealth management sector. DSS AmericaFirst offers various mutual funds aiming to outperform benchmarks through quantitative strategies. The firm continues to diversify its portfolio to drive profitability across several high-growth sectors, including blockchain security and renewable energy.
DSS, a multinational company, announced its participation in the Emerging Growth Conference on December 8, 2021, at 2:30 p.m. ET. The event allows for real-time interaction between investors and the company's management team, including CEO Frank D. Heuszel, COO Jason Grady, and CFO Todd Macko. Attendees can ask questions following the presentation. Registration is required in advance, with a recorded version available later for those unable to attend live. DSS operates in sectors such as blockchain security, healthcare, and renewable energy.
On November 30, 2021, DSS announced the launch of DSS AmericaFirst Quantitative Funds, a suite of mutual funds managed by DSS Wealth Management. The funds include four offerings: Income Trends Fund, Defensive Growth Fund, Risk-On Risk-Off Fund, and Large Cap Buyback Fund, each aiming to outperform benchmark indices using a quantitative approach. CEO Frank D. Heuszel emphasized the growth potential and innovative strategies behind the funds. DSS Wealth Management serves as the registered investment advisor to the funds, earning fees based on average daily net assets.
DSS, Inc. (NYSE American: DSS) announced that its subsidiary, American Medical REIT Inc. (AMRE), has acquired three hospitals in Texas and Pennsylvania for $62 million. Currently under an 18-year lease with LifeCare Hospitals, these facilities offer a combined capacity of 195 beds and span approximately 320,000 square feet. The acquisition aims to expand AMRE's portfolio and create sustainable dividends for shareholders. DSS CEO Frank D. Heuszel emphasized the acquisition's strategic importance in enhancing their real estate operations in the resilient medical sector.
DSS, Inc. (NYSE American: DSS) announced that COO Jason Grady will be featured on The RedChip Money Report on Bloomberg TV on Oct. 30 at 7 p.m. ET. In the interview, Grady will highlight DSS's diverse subsidiaries and its strategy for scalable, recurring revenue aimed at achieving positive EBITDA. The company operates in several sectors, including blockchain security and renewable energy, and focuses on unlocking shareholder value through strategic IPOs of its subsidiaries. DSS's emphasis on building a robust portfolio positions it for growth in high-demand markets.
DSS, Inc. (NYSE American: DSS) announced the launch of Liquid Value Asset Management Limited (LVAM), a Hong Kong-based investment management firm, primarily owned by its subsidiary DSS Financial Management, Inc. (DFMI). DFMI has provided a $1 million working capital loan to expedite LVAM's operations, which will commence with $9 million in proprietary trading. LVAM aims for attractive risk-adjusted returns using advanced algorithmic trading strategies. CEO Wilson Lee and his team will manage the firm, which targets scalable trading programs and rapid portfolio liquidation capabilities.
DSS, Inc. (NYSE American: DSS) announced its stock trading under a new CUSIP number effective October 1, 2021, following its name change. The company has undergone significant transformation in the past two years, focusing on high-growth markets including digital assets, healthcare, and renewable energy. COO Jason Grady emphasized this milestone as part of DSS's long-term strategy to enhance shareholder value. DSS operates a diversified business model and plans to unlock shareholder value via IPO spin-offs from its subsidiaries.
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