Welcome everybody. We are about to begin the webinar first quarter 2018 financial review. Before we do so we will start with the Safe Harbor Statement and then I will turn the meeting over to Mr. Milton Todd Ault III, CEO and Chairman of the Board of DPW Holdings as well as Will Horne, CFO of DPW Holdings. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including but not limited to statements about DPW Holdings Inc. DPW’s expectations regarding the market demands, future financial performance, the implementation of strategic plans and future growth. These statements are made based upon current expectations that are subject to known and unknown risks and uncertainties. DPW does not undertake to update forward-looking statements in this presentation to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking statement information can be found in this presentation and in DPW’s filings with the Securities and Exchange Commission, including its most recent periodic reports including the risk factors listed in the Form 10-K and for the year ended December 31, 2017, as amended, available on the website and on the Securities and Exchange Commission’s website at sec.gov. At this time I would like to turn the call over to Mr. Milton Todd Ault III.

Thank you, Darren. I will say this is probably one of the more exciting calls I've ever been on. We just ended the first 90 days of the year in terms of the reporting period. It is a little unusual that we're in May and we're reporting March 31, that always kind of skews a numbers a little bit in terms of what we're talking about presently versus the future. I'm going to take my time today on the call to cover some really important highlights because while I don't pay attention to social media except on the Company's Twitter account where we do put out some information there is a lot of questions being asked that lead me to believe that people are somewhat misunderstanding what's going on with the company. Excuse me anyone on the call please mute your phone if you're not talking. Thank you. So let me start of by saying the quarterly results quarter over quarter, year over year were great. They were largely due to acquisitions as everyone knows this is an acquisition story as we transitioned an old line business to a more of a diversified holding company. So I will cover the results very quickly and that as we ended the quarter at $5.196 million in terms of total sales versus last quarter of about 3.1 million versus last year at 1.628 million, a pretty dramatic increase but part of the education that I want to give to everybody about what we look like from an acquisition perspective is when you're in the middle of acquisitions and growing your reporting is very behind relative to the time that you encapsulate the acquisition you made versus recognizing the revenue. So for example many of you know we're in the middle of acquiring Enertec…

Thank you, Todd. I think the key here is to emphasize the fact that for long term growth we need to build a strong foundation. So we've paced ourselves and we have actually stepped back from an aggressive pace to set things up correctly and establish relationships that will allow us to meet our growth not only this year but into 2019 which we've already discussed how we're going to purchase machines and grow throughout the next year. Unlike our name which really are more than just mining as evident from this graphic we've spent a lot of time and energy at meetings not only with Coolisys, Amos and his team but also with Chipset Manufacturer and [indiscernible] and then also working and modeling out our cloud, mining offerings. Then we are going to launch our next round of cloud mining, sharing up that website, security protocols and preparing for another round which will happen shortly this year. Additionally we're focused on blockchain, mainstream blockchain opportunities. Again to put sort of a technical outside of just a pure crypto play but also position ourselves to support real estate transactions and financial transactions where we know that that's really the future of blockchain and watching growth, but I would just add that there really is no concern about reaching a 10,000 number this year we're well on pace for that and excited about the infrastructure in the Midwest. The team there is forward thinking, innovative, our machines have never run so cool and are delivering us. Bitcoin in our wallet at an incredible rates so we are excited about that partnership.

So appreciate that Darren, thank you. I think the decision to move miners Indiana versus continuing to build them as installments Southern California that gave us a little bit of pause and it's important to note too that the cryto portfolio was basically collapsed during January to the March when you saw bitcoin come from 15,000 - 16,000 Ethereum from 1400, you saw all that that basically your kind of mining in place as you mine the asset, the asset went down a price and so it was a really difficult first quarter. I considered it to be kind of crazy where you mine something in real time and it's worth you know 10% less the next day. The stabilization of bitcoin above 7500, 8000 will make things relatively easier for us but our thesis is still really simple here and I'm going to make it really simple for everybody. We believe and we believe will demonstrate to you and the shareholders into the market in the next three to four months we believe that we're not only going to be one of the most competitive price mining companies but we're also going to have our own miners and as we build this out. We believe this is a question of power and it's clear to us that this is a power play whether we're mining bitcoin or any other cryptocurrency or providing AI solution. So I'm very pleased with the progress here the first quarter was a challenge but I still consider this to be a big win for us and we're really active and even at the current pace if you did nothing else things producing 5 million a year of bitcoin and crytocurrency so it's a really good business for us, we're excited and part of. Do…

I'm here, Todd. How are you doing?

All right my man. All right. This is the fun part, this is the one of the exciting things as you'll be a lender. Billy I thought maybe you could talk about the kiosks, maybe give them a little bit tidbit about what you're doing behind the scenes of kiosks we talked about at one of the last conferences we presented at and talk about the loans you're making to other public companies and how you're growing Digital Power Lending. I know you're really starting to hit your stride a little bit, you're getting a lot of the deal flow, maybe you can talk about the kiosks a little bit of what you're doing in the ATM business.

Yes, sure. Thanks, Todd. So let me ask you quickly give you a little brief overview but you know Todd had mentioned we basically built an incredible California Finance Lending Platform over the last six months. We've created a network I would say with some of the most sophisticated Wall Street Investors that I've ever seen that can with us help us analyze and originate almost an unprecedented deal flow. I mean it's almost like the GM, GMAC model where our lending license allows us to provide capital to our subsidiaries and our subsidiary CEOs which can be very time consuming for them we allow them the capital to go make investments and at the same time we've developed a really interesting network for individuals to participate in deals that would basically be very hard for them to find and we can do that through an online platform, we can offer micro loans which is becoming very, very attractive to investors small investors that get to participate in deal flow that they wouldn't see from Wall Street. As Todd mentioned we're rolling out this kiosk platform terminals if we want to call them that we mentioned in January that our intent was to do that in Southern California. We're in the late stages of rolling that out. It is in Vegas at a conference we started kind of talk about really compelling to the audience, to the investors that were there listening because it's very exciting to be able to sell crypto that we're mining in our facilities on these machines and all of that research that we've done has shown that there is a great need for people to want to buy crypto from the machines these are some of the most incredible machines that exist, they're not really…

No, it's exciting what you're doing there. It gives you power [indiscernible] pretty impressed. As you know we run a holding company and I keep reiterating the company's operate our Marone with Darren almost and Billy running their own shows, I'm involved with them and try to help them provide capital and growth but we really believe that the some of the parts will add a lot of value to the total value of the business and Billy's out there making loans and building the balance sheet we're pretty excited about that. One thing that has happened with Billy too is there has been so many people that he knows in the space we have a lot of -- as Billy talks about deal flow a company has been able to look at recent deals on the side whether we wanted to participate and potentially buy other businesses that met some of our existing verticals. Billy, I think we should answer one of the main questions I've been getting and I understand that you've some news today so why don't we talk a little bit about what happened with IM today and you can maybe let the market know what happened with the IM transaction. So Billy let me set the stage you lent them 1.6 million initially for them to buy and build out the fourth restaurant that hospitality business is humming now. We think it's going to do somewhere about $10 million over the next year they've been in business for four or five years they're doing really well, that's going to be integrated into our financials in the next quarter and add to our top line. Why don’t you just talk about what you're doing with David Krause and his team there, Debbie Krause and what's going on with PrepKitchen.

Yes. Thanks, Todd. So I know it kind of comes as a shock but we've closed the transaction to acquire IM and in doing so pick up an incredibly talented management team, have a long history in this space including Cheesecake Factory. The restaurants are doing extremely well. We do believe they'll be profitable immediately. They were last quarter although the numbers that we've seen for the last several years they were profitable so we're very excited. We will own 51% which allows us to consolidate and they will have to obviously out of cash flow they will be paying back the loan and once the loans paid back they were on 49%. So right now we own currently about 98.2%. They will own over the next probably out of cash flow over the next year and a half they're 49% and they are great partners and we're very supportive of what they're doing and already on a path to acquire and build out more restaurant. So it's great for us. It's great for them.

I've spent a lot of time with their team David and his wife never Deborah Krause. I believe they were and I hope I don't get this wrong she was really instrumental in building out Pure Nightclub in Vegas they did an incredible job when she left Cheesecake Factory and he's really an expert marketer. I've talked to them about their plans for PrepKitchen. I think they plan to open 35 in Southern California up and down the coast and that's a big number but there are already four locations in the first I think quarter in terms of what they have St. Marcos, Little Italy, I apologize they have a [indiscernible] so there is four locations, I think they will have a fifth location in Los Angeles. I think that may have been as early as today so they're really ramping and that's a really important business for us to be part of as they are kind of proven operators, they are really, we really are excited to work with them they're really dedicated to what they do and have a proven successful track record and the uniqueness of this transaction which is what I want to talk about is that Billy lent them 1.6 million, they had to pay us back in order to earn their equity and that's the kind of partners we want because they should listen, give us a loan we're going to go out there and prove this model. We're going to pay that back, we're going to earn our equity back on the loan and so we get to go out there and be partners with someone where they really run all the day to day operations. We truly run as a holding company. They report to us quarterly, they got a great…

No. I you did a fantastic job going over the different segments and operationally.

Well, Will we appreciate all your hard work. You've taken the company that has never had this kind of reporting and turned it into a holding company and you've taken a bunch of acquisitions and have put them together. I know there's a lot pending but you did an amazing job. We appreciate your hard work and the team you're building around the financials. I really said this everybody on the call and I said it a bunch of times there's no better CFO I think in the world than Will and hopefully we don't lose him. The deal I have with Will is if Microsoft offers him a job he can take it, then he doesn’t have to stay with us. So anyways Will we appreciate your time. Everybody have a good week and we'll talk to soon.