Ault Alliance Completes Purchase of Majority Interest in Eco Pack Technologies Limited – Yahoo Finance

Ault Alliance Completes Purchase of Majority Interest in Eco Pack Technologies Limited – Yahoo Finance yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

LAS VEGAS, November 10, 2023–(BUSINESS WIRE)–Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company ("Ault Alliance," or the "Company"), announced today that its wholly owned subsidiary, Eco Pack Technologies, Inc., has closed upon the purchase of an 80% ownership stake in Eco Pack Technologies Limited ("Eco Pack").
Eco Pack, a company seeking to be at the forefront of packaging transformation, offers eco-centric alternatives to the traditional co-packing industry. Catering to fast-moving consumer goods manufacturers, Eco Pack employs Siemens Digital technology to address modern-day packaging challenges. Using digital technology enabling data driven analysis and decision making, Eco Pack develops packaging that combines sustainability with reduced environmental repercussions. Its innovative approach is intended to enhance packaging design, material choice, and supply chain efficiency, allowing firms to adopt eco-friendly options without compromising on quality or performance. Notably, Eco Pack’s solutions are intended to replace conventional cardboard boxes and shrink-wraps prevalent in major retail chains. Engineered with a modular framework, Eco Pack’s machinery is anticipated to be versatile enough to suit a variety of manufacturing settings. The Company believes that Eco Pack’s technology will create opportunities for businesses to adopt eco-friendly measures, which many customers may find attractive.
Milton "Todd" Ault, III, the Company’s Executive Chairman, stated, "We are excited by Eco Pack’s current outlook, with 12 machines already operating at client sites throughout the United Kingdom. We intend to support Eco Pack as they venture into the global market and seek to fill an unmet need within the global co-packing industry. We believe the co-packing industry is ripe for disruption and Eco Pack, with its eco-friendly yet effective solutions, provides customers with a new solution to not only save money, but to cut down their overall carbon footprint. As we have previously stated, our principal goal is to rapidly promote their growth across the U.S., the U.K., Europe and Asia."
For more information on Eco Pack, the Company encourages interested parties to visit https://ecopacktechnologies.com/
For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.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 predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," 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 update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231110908690/en/
Ault Alliance Investor Contact:
IR@Ault.com or 1-888-753-2235
Tesla reached the top 10 holdings of the Church of Jesus Christ of Latter-day Saints' $47 billion stock portfolio.
Warren Buffett and his team exited GM, J&J, P&G, UPS, and Mondelez last quarter, and kept one or more stock purchases under wraps.
There’s no secret that markets experienced a decline from August to October, but November has proven to be a fruitful period for investors. The S&P 500 has surged by 7% this month, while the tech-focused Nasdaq has shown even stronger growth, with gains of approximately 10%. Watching the scene from Bank of America, chief investment strategist Michael Hartnett believes that there are compelling reasons to remain optimistic about the near-term outlook. Noting that investors have been worried about
Schwab’s integration of TD Ameritrade customers continues to weigh on its asset growth. Clients from TD Ameritrade pulled a net $4.8 billion of core assets in October, according to the company’s monthly report released Tuesday. All other Schwab customers added a net $16.1 billion.
The experts typically say that you’re better off delaying Social Security benefits. But that isn’t always the case.
Joby Aviation, Inc. (JOBY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here are the latest changes to Berkshire Hathaway’s portfolio and Buffett’s top bets.
Retirement, ideally a period of relaxation and enjoyment after years of hard work, is often envisioned as a time to pursue hobbies, travel or simply unwind. But for many, this phase of life is marred by financial worries, transforming what should be a golden era into a source of dread. A recent study from Zety sheds light on this growing concern, revealing that 40% of Americans fear retirement more than death, primarily because of financial insecurities. Don't Miss: How Much Cash Can I Expect To
Cisco Systems just threw a monkey wrench into the recent rebound in technology stocks. The stock was down as much as 13% in after hours trading following the report, dragging down shares of other networking stocks, such as Arista Networks (ticker: ANET), Juniper Networks (JNPR), and Ciena (CIEN). “Cisco saw a slowdown of new product orders in the first quarter of fiscal 2024 and believes the primary reason is that customers are currently focused on installing and implementing products in their environments following exceptionally strong product delivery over the past three quarters,” the company said in announcing October quarter results.
When Alibaba reports its quarterly results on Thursday, its ability to weather a slowdown in the world’s second-largest economy will be in focus, especially after peer JD.com reported unexpectedly strong earnings on Wednesday. The consensus call among analysts tracked by FactSet is that Alibaba (ticker: BABA) will report earnings of 15.28 yuan ($2.11) a share from revenue of 224.5 billion yuan ($31 billion). While growth at the e-commerce and cloud-computing powerhouse has slowed as a result of weakness in China’s economy, Alibaba reported better-than-expected results for its first quarter thanks to a focus on improving efficiency and cutting costs.
With lower interest rates in sight, growth stocks could be a major beneficiary
In the latest trading session, CrowdStrike Holdings (CRWD) closed at $204.29, marking a -1.77% move from the previous day.
Michael Burry's Scion Asset Management bought bearish put options on a semiconductor ETF that counts Nvidia among its largest holdings.
(Bloomberg) — Electric-vehicle maker Rivian Automotive Inc. released what would usually be a startling announcement for the municipal-finance market: A potential $15 billion bond for a Georgia campus, that would in theory be the largest ever muni sale and nearly the size of the company’s market cap.Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitS&P 500 Tops 4,500 as Treasury Euphoria Dwindles: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial
Investing in dividends is a strategy that can yield significant benefits, particularly for those seeking a consistent source of income. Companies that pay dividends are often established entities with a history of generating profits. These profits are shared with shareholders in the form of dividends, providing them with regular income. This type of investment could […] The post Dividend Investing: Is It Worth It? appeared first on SmartReads by SmartAsset.
The Federal Reserve will slash borrowing costs by an eye-popping 275 basis points next year, the Swiss bank said Tuesday in a research note.
Broadcom, Inc. (AVGO) shares have catapulted 74% in 2023. When you study the money flow picture, it’s obvious why.
The latest Federal Reserve study revealed a concerning trend among American households, particularly those outside the wealthiest 20%, according to a Bloomberg report. Since the onset of the COVID-19 pandemic, they have depleted their extra savings and have less liquid assets than they had before the pandemic began. If this is you, consider speaking to a financial advisor. As of June, the bottom 80% of households by income, when adjusted for inflation, had lower bank deposits and other liquid as
Treasury floating-rate securities have two-year maturities and have a rate that adjusts each week based on the weekly auction of three-month T-bills. The current yield on these Treasury floaters, as they are known, is around 5.4%. Investors can buy them at regular monthly auctions, either through the TreasuryDirect website or banks and brokerage firms.
Micron (MU) reachead $77.14 at the closing of the latest trading day, reflecting a -0.04% change compared to its last close.


Leave a Reply

Your email address will not be published. Required fields are marked *