DSS Provides Update on its Liquid Value Asset Management Subsidiary
October 20 2021 - 8:00AM
DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a
multinational company operating business segments in blockchain
security, direct marketing, healthcare, consumer packaging, real
estate, renewable energy, and securitized digital assets, today
announced an update on the launch and funding of Liquid Value Asset
Management Limited (“LVAM”), a Hong Kong-based investment
management company engaging in proprietary algorithmic trading and
majority owned by the Company’s wholly owned DSS Financial
Management, Inc. (“DFMI”) subsidiary.
Under the terms of a shareholders’ agreement
between DFMI and HR1 Holdings Limited (“HR1”), DFMI owns 60% of the
shares of LVAM and has appointed three of the five directors of
LVAM. The remaining two directors have been appointed by HR1, which
owns the other 40% of LVAM.
DFMI has provided a $1 million working capital
loan facility to accelerate the launch of LVAM, which will begin
proprietary trading with $9 million before the establishment of an
investment fund. The $9 million in capital is being provided
through loans of $3 million each from DFMI, BMI Capital Partners
International Limited, and Wilson Lee, principal of HR1. In
addition, DFMI has agreed to provide $3 million in seed capital
upon establishment of the fund to begin trading operations. HR1,
through its principal, Wilson Lee, will also contribute $3 million
in capital upon the establishment of the fund and will seek to
attract third-party investments of $2 million, which DFMI has
agreed to match dollar-for-dollar.
Wilson Lee, former co-head of Societe Generale’s
equity derivatives in Asia, has been named CEO of LVAM. Lee is
joined by Jackson Kwan, a former portfolio manager at Citadel in
Chicago, as well as a dedicated team of eight experienced staff
members. LVAM has an exclusive license to HR1’s ATS Commander
software, an automated stock trading program that aims to increase
trading efficiency through faster execution and management of
trading strategies for algorithm-based trading. LVAM will use
privately developed algorithms expected to generate consistent 20%
per annum returns with a Sharpe ratio over 2.0.
“We are excited to move this project forward as
a cornerstone of our growing DSS Securities segment,” stated Frank
D. Heuszel, CEO of DSS. “LVAM’s highly liquid trading program is
immediately scalable up to $250 million, and as that milestone is
achieved, it will look to expand its strategies to reach more than
$1 billion in assets under management.”
The aim of LVAM’s algorithmic trading will be to
include short- and long-term trades while offering the unique
attribute of being able to liquidate the portfolio into cash within
5 to 10 minutes under normal market conditions. Together with the
strong performance track record of the team, these attributes
position LVAM as a prime vehicle for private and institutional
investors seeking a highly liquid investment fund with extremely
attractive risk adjusted returns relative to the volatility and
unpredictability of the markets.
About DSS, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman, Heng Fai Chan, a
highly successful global business veteran of more than 40 years
specializing in corporate transformation while managing
risk. He has successfully restructured more than 35
corporations with a combined value of $25 billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking
statements that are made pursuant to the safe harbor provisions
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. Such forward-looking statements include, but are not
limited to, statements related to the Company's intended use of
proceeds and other statements that are not historical facts.
Forward-looking statements are based on management's current
expectations and are subject to risks and uncertainties that may
cause actual results or events to differ materially from those
projected. These risks and uncertainties, many of which are beyond
our control, include: risks relating to our growth strategy; our
ability to obtain, perform under and maintain financing and
strategic agreements and relationships; risks relating to the
results of development activities; our ability to attract,
integrate and retain key personnel; our need for substantial
additional funds; patent and intellectual property matters;
competition; as well as other risks described in the section
entitled "Risk Factors" in the prospectus and in our other filings
with the SEC, including, without limitation, our reports on Forms
8-K and 10-Q, all of which can be obtained on the SEC website at
www.sec.gov. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date on
which they are made and reflect management's current estimates,
projections, expectations and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
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