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  • MIL-OSI Europe: AFRICA – “Neocolonialism in fishing”: The fishing industry in West African countries is in crisis

    Source: Agenzia Fides – MIL OSI

    photo nigrizia.it

    by Cosimo GrazianiBanjul (Agenzia Fides) – In West African countries, the local fishing industry is in crisis. European countries are also to blame for this. Gambian activist Mustapha Manneh also spoke out at the United Nations World Oceans Conference, which took place this year in Nice from June 9 to 13.The core of the problem is the fishing of local species to produce fish feed for aquaculture farms in Greece and Turkey. The phenomenon affects the entire region and has the same characteristics: local species such as sardines and bonga are caught in large quantities and processed locally into fish feed for aquaculture; the produced material is shipped to Turkey, Greece, and China (these are the currently known destinations), where it is used in fish farms. The fish produced, in the case of Turkish farms, are mainly sea bream and bass. These farmed fish reach the stores of the destination countries and the tables of consumers, unaware that the consumed fillets are causing social and economic problems for entire populations on the African continent, where in the meantime, hundreds of families have lost their only source of income. As Manneh points out, the fishermen can no longer bring home enough fish to feed their families and face ever-increasing fuel costs: Whereas they used to be able to catch large quantities of fish in a shorter time, using only 20 liters of diesel, they now have to stay away longer to ensure a sufficient catch, and the amount of fuel required has at least tripled.The fishermen are not the only ones hit hard: an entire social fabric has been affected by this problem. In Senegal and Gambia, the fish was caught by men and sold by women, a system that, in its own way, also ensured relative social and economic equality. Now that catches are scarce, markets have disappeared in many cases, along with the stalls run by women, who must now find other sources of income. Another problem that fishermen in West Africa have faced in recent years is the presence of fishing boats from other countries—for example, from China—which significantly reduces the availability of fish to catch. In Guinea-Bissau, fishing boats from other countries often use trawling, which is prohibited due to the damage it can cause to ecosystems. The presence of foreign fishing boats in African waters is often regulated by agreements such as those concluded by the European Union with these countries. According to Manneh, their presence in Gambia is viewed with growing hostility by the local population, especially young people. The EU signed the last of a long line of fishing protocols with Gambia in 2019, which expire on July 30. This protocol stipulated that vessels from Spain, Greece, and France could fish in Gambian territorial waters for an annual fee of €550,000, a fee that was intended, among other things, to finance measures to protect the marine ecosystem. Similar agreements have been concluded with other countries in the region: In the case of Guinea-Bissau, the agreement was approved by the European Parliament last April and provides for compensation of up to €100 million per year. Alongside this agreement, the Parliament adopted a recommendation calling on the European Commission and Guinea-Bissau to improve fishing controls in the African country’s territorial waters. The fishing crisis in West African countries is also fueling illegal emigration to Europe. From the coasts of Senegal, it is possible to reach the Canary Islands, which belong to Spain. While reaching the Canary Islands represents an alternative to poverty for many, others become smugglers for the same reason, earning a living by transporting migrants. In Gambia, earnings for a single trip on a boat full of migrants can reach up to €200,000, an unimaginable sum for a Gambian fisherman. (Agenzia Fides, 10/7/2025)
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  • MIL-OSI Europe: ASIA/INDONESIA – Camillian Mission on the Island of Flores celebrates the feast of the Order’s founder

    Source: Agenzia Fides – MIL OSI

    Thursday, 10 July 2025

    LG

    Maumere (Agenzia Fides) – The Camillian mission in Indonesia experiences the feast of Saint Camillus of Lellis, patron saint of the sick and healthcare workers and founder of the Order of the Sick, with great joy and gratitude.”July 14, 2025, is a historic day for the Camillian delegation in Indonesia: four new deacons will be ordained, ten religious will take temporary vows, twenty-two confreres will renew their vows, and eleven young men will be received into the novitiate,” Father Luigi Galvani (MI), Camillian missionary on the island of Flores, told Fides.The Eucharistic celebration will take place at the Camillian Philosophical and Theological Seminary in Maumere, on the island of Flores, the beating heart of the Indonesian mission. The solemn liturgy will be presided over by the Bishop of the diocese, Edwaldus Martinus Sedu, while the Provincial Superior of the Camillians, Father Evan Villanueva, and the religious from the various Camillian communities in the country will concelebrate.”These significant events,” the missionary continued, “are not mere dates, but a living testimony to the fruitfulness of the Camillian charism, present in Indonesia since 2009. In just over fifteen years, the mission has taken deep root thanks to the constant work of vocational promotion and formation, service to the sick, especially the poorest and most marginalized, and various important social projects. These include the feeding program and the new shelters for the mentally ill, who were previously chained and lived in atrocious conditions” (see Fides, 24/1/2024).”All of this stimulates us and keeps us young, so to speak,” jokes the missionary, who is over eighty years old. “We pray to Saint Camillus to continue to inspire us with renewed enthusiasm and missionary zeal.””The charism of Saint Camillus, at the center of which is merciful love for the sick, ‘like a mother towards her only sick child,’ continues to attract young people willing to give their lives in generous and radical service,” concludes Father Luigi. “On this feast day, the young Camillian mission in Indonesia thanks the Lord for the gifts received and renews its commitment to live and ever more widely spread the Gospel of charity, following the example of Saint Camillus, in a world in need of peace, solidarity, and hope.” (LG/AP) (Agenzia Fides, 10/7/2025)

    LG

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  • MIL-OSI Europe: AFRICA/DR CONGO – Goma: Relics of Blessed Floribert transferred to the Shrine of the Blessed Sacrament

    Source: Agenzia Fides – MIL OSI

    Thursday, 10 July 2025

    Goma (Agenzia Fides) – Less than a month after the beatification ceremony at the Basilica of St. Paul Outside the Walls in Rome, the mortal remains of Floribert Bwana Chui Bin Kositi were transferred from the city cemetery to a chapel dedicated to him within the Shrine of the Blessed Sacrament in Goma.It was an intense moment of faith for the local Catholic community: more than 6,000 people attended a Mass in the square in front of the shrine, presided over by Archbishop Fulgence Muteba Mugalu of Lubumbashi, President of the Episcopal Conference of the Democratic Republic of Congo (CENCO). Eleven bishops and about 200 priests concelebrated with him.Pope Francis recognized the martyrdom of Floribert Bwana Chui Bin Kositi on November 28, 2024. And in Goma, a war-torn city where years of conflict have exacerbated social hardship, the news of the beatification and the ceremony of transferring the remains to the Shrine acted like a healing balm.Some worshipers wore colorful traditional shirts and dresses bearing the blessed’s portrait. In his homily, Archbishop Fulgence Muteba Mugalu described the recognition of the martyrdom and the beatification ceremony as a “powerful wake-up call” for the entire Congolese society, which “must commit itself to the fight against corruption.”Floribert was employed in the Goma office of the Congolese Control Office (OCC) in Goma, the public body responsible for controlling the quality, quantity and conformity of goods. Quality control consisted of verifying the conformity of products with national and international regulations, through physicochemical and microbiological analysis of the samples taken.In the course of his duties, he opposed the passage of a shipment of spoiled rice from Rwanda, destined for the Congolese market, with serious consequences for the health of consumers. Despite offers of bribes from crooked traders, Floribert stubbornly refused to let the cargo pass. The offers of money then turned into threats, but the young civil servant did not give in.On July 7, 2007, unknown assailants forced him into a car. On July 9, his lifeless body was found in a vacant lot not far from the scene of the kidnapping. It was established that Floribert was tortured and beaten before being killed. Known for his devotion to God and the Catholic Church, Floribert Bwana Chui was linked to the Community of Sant’Egidio. He distinguished himself by his religious fervor and his desire to live daily according to the teachings of the Gospel. His sacrifice is compared to that of Blessed Isidore Bakanja, another Congolese martyr beatified in 1994 by Pope John Paul II.For Congolese society, the Archbishop said, Floribert’s story is “also a message of hope.” He therefore appealed to the commitment of all believers to peace: “No matter how great the challenges we face today, we must build peace, and we must build it together.”Aline Minani, a friend of the Blessed, was also present at the ceremony. Speaking to the local press on the sidelines of the celebrations, she said: “All of this has profound meaning for the local community. What we are celebrating here can be a glimmer of hope for our region and our country.”The east of the Democratic Republic of Congo is the scene of a war in which more than 100 armed groups are now involved. Clashes escalated at the beginning of this year, when the M23 movement captured the cities of Goma (see Fides, 27/1/2025) and Bukavu (see Fides, 17/2/2025). (F.B.) (Agenzia Fides, 10/7/2025)
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  • MIL-OSI Europe: AFRICA/KENYA – Erection of the diocese of Kapsabet, Kenya and appointment of the first bishop

    Source: Agenzia Fides – MIL OSI

    Thursday, 10 July 2025

    Nairobi (Agenzia Fides) – The Holy Father has created the new diocese of Kapsabet, Kenya, with territory taken from the diocese of Eldoret, making it a suffragan of the metropolitan archdiocese of Kisumu, Kenya.The Holy Father has appointed Bishop John Kiplimo Lelei, until now auxiliary bishop of Eldoret, as first bishop of the diocese of Kapsabet, Kenya, at the same time liberating him from the titular see of Mons in Numidia.Bishop John Kiplimo Lelei was born on 15 August 1958 in Soy, in the diocese of Eldoret. He studied philosophy at Saint Augustine’s Senior Seminary in Mabanga, and theology at Saint Thomas Aquinas Major Seminary in Nairobi.He was ordained a priest on 26 October 1985 for the diocese of Eldoret.He was awarded a doctorate in theology, specializing in liturgy, from the Universität Wien.He has held the following offices: parish vicar in Suwerwa and Chepterit (1985-1987), parish priest in Yamumbi, Suwerwa, Chepterit and Tachasis, and vicar forane of the deaneries of Kitale and Nandi (1987-1996), parish collaborator at St. Brigitta and Zum Gottlichen Erloser, in the archdiocese of Vienna (1996-2002), parish priest of St. Patrick in Kapcherop (2002-2003) and St. Boniface in Tindinyo (2003-2007), lecturer in the following institutes: AMECEA Pastoral Institute in Gaba (2003-2004); Institute of Development Studies in Kobujoi (2004-2009) and at the St. Matthias Mulumba Senior Seminary-Tindinyo (2003-2008), parish priest of St. Peter’s in Kapsabet (2007-2008), lecturer and formator of St. Matthias Mulumba Senior Seminary in Tindinyo (2008-2017), rector of St. Thomas Aquinas Major Seminary in Nairobi (2017-2023) and vicar general of Eldoret.On 27 March 2024 he was appointed auxiliary bishop of Eldoret, receiving the titular see of Mons in Numidia; he was ordained a bishop the following 25 May. (EG) (Agenzia Fides, 10/7/2025)

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  • MIL-OSI Europe: AFRICA/KENYA – Erection of the diocese of Kapsabet, Kenya and appointment of the first bishop

    Source: Agenzia Fides – MIL OSI

    Thursday, 10 July 2025

    Nairobi (Agenzia Fides) – The Holy Father has created the new diocese of Kapsabet, Kenya, with territory taken from the diocese of Eldoret, making it a suffragan of the metropolitan archdiocese of Kisumu, Kenya.The Holy Father has appointed Bishop John Kiplimo Lelei, until now auxiliary bishop of Eldoret, as first bishop of the diocese of Kapsabet, Kenya, at the same time liberating him from the titular see of Mons in Numidia.Bishop John Kiplimo Lelei was born on 15 August 1958 in Soy, in the diocese of Eldoret. He studied philosophy at Saint Augustine’s Senior Seminary in Mabanga, and theology at Saint Thomas Aquinas Major Seminary in Nairobi.He was ordained a priest on 26 October 1985 for the diocese of Eldoret.He was awarded a doctorate in theology, specializing in liturgy, from the Universität Wien.He has held the following offices: parish vicar in Suwerwa and Chepterit (1985-1987), parish priest in Yamumbi, Suwerwa, Chepterit and Tachasis, and vicar forane of the deaneries of Kitale and Nandi (1987-1996), parish collaborator at St. Brigitta and Zum Gottlichen Erloser, in the archdiocese of Vienna (1996-2002), parish priest of St. Patrick in Kapcherop (2002-2003) and St. Boniface in Tindinyo (2003-2007), lecturer in the following institutes: AMECEA Pastoral Institute in Gaba (2003-2004); Institute of Development Studies in Kobujoi (2004-2009) and at the St. Matthias Mulumba Senior Seminary-Tindinyo (2003-2008), parish priest of St. Peter’s in Kapsabet (2007-2008), lecturer and formator of St. Matthias Mulumba Senior Seminary in Tindinyo (2008-2017), rector of St. Thomas Aquinas Major Seminary in Nairobi (2017-2023) and vicar general of Eldoret.On 27 March 2024 he was appointed auxiliary bishop of Eldoret, receiving the titular see of Mons in Numidia; he was ordained a bishop the following 25 May. (EG) (Agenzia Fides, 10/7/2025)

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  • MIL-OSI Security: Readout of the Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady’s Meeting with Papua New Guinea Prime Minister James Marape

    Source: US Defense Joint Chiefs of Staff

    Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady welcomed Papua New Guinea Prime Minister James Marape to Washington, D.C., on Tuesday, July 9, 2025, as part of the United States’ continued focus on strengthening defense relationships across the Pacific Islands region.

    MIL Security OSI –

  • MIL-OSI Security: Readout of the Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady’s Meeting with Papua New Guinea Prime Minister James Marape

    Source: US Defense Joint Chiefs of Staff

    Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady welcomed Papua New Guinea Prime Minister James Marape to Washington, D.C., on Tuesday, July 9, 2025, as part of the United States’ continued focus on strengthening defense relationships across the Pacific Islands region.

    MIL Security OSI –

  • MIL-OSI Africa: Conviction of examiner, driving school instructor welcomed

    Source: Government of South Africa

    Thursday, July 10, 2025

    The Road Traffic Management Corporation (RTMC) has welcomed the conviction of a KwaZulu-Natal examiner and a driving school instructor in a case that exposed serious breaches of integrity within the driving licence issuing sector.

    Sandile Ndlovu, a Mooi River-based examiner, was found guilty of fraud and conspiracy to commit corruption on 8 July 2025 in the Durban Specialised Crime Court after it was discovered that he had fraudulently issued a learner licence to someone who had not written the required examination.

    Ndlovu was arrested in 2016 following complaints received by the National Traffic Anti-Corruption Unit (NTACU), a division of the RTMC. 

    The unit worked with the KwaZulu-Natal South African Police Crime Intelligence Unit and the Directorate for Priority Crime Investigation (Hawks) anti-corruption unit to investigate the complaints.

    “It was found that Mr Ndlovu conspired with Ms Zandile Dlamini, a driving school instructor, to have a learner licence issued on the payment of R 3000 inducement. Dlamini was also convicted for her role in facilitating the misconduct by accepting an unlawful benefit for the crime,” said the RTMC in a statement.

    The corporation said these actions not only violated the trust placed in public servants but also compromised the integrity of a system meant to ensure competence and accountability within road traffic law enforcement.

    The matter has been postponed to 29 August 2025 to allow for the preparation of pre-sentence reports. 

    During the sentencing phase, the State is expected to call additional witnesses to highlight the impact of these actions on road safety and the broader public service.

    “The RTMC considers this case a significant milestone in the ongoing effort to clean up traffic enforcement services and promote a culture of ethical conduct. 

    “We fully support the work of the courts and prosecuting authorities in holding those who abuse public systems accountable. The fight against fraud and corruption remains one of our top priorities, and we will continue working closely with all stakeholders to protect the integrity of road traffic management in South Africa,” said the RTMC.

    Members of the public can report suspected acts of fraud, corruption, and malfeasance to ntacu@rtmc.co.za or by WhatsApp to 083 293 7989. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Operation Vulindlela: Sustained progress in the economic reform agenda

    Source: Government of South Africa

    The Presidency and National Treasury have released a quarterly progress report for Q1 2025/26 on the implementation of economic reform through Operation Vulindlela. 

    This report is the first to be released since the launch of Phase II of Operation Vulindlela this year. 

    Operation Vulindlela is a joint initiative of the Presidency and National Treasury which aims to achieve more rapid and inclusive economic growth through a programme of far-reaching economic reform. 

    Phase I of Operation Vulindlela focused on unlocking progress in five priority areas: electricity, freight logistics, water, telecommunications, and the visa system. These reforms were selected for their high potential to catalyse investment, enhance economic competitiveness, and create jobs. 

    Phase II represents a second wave of structural reform aimed at unlocking more rapid, inclusive, and sustained economic growth. 

    While continuing to drive implementation of reforms initiated during Phase I, the second phase introduces new focus areas that respond to evolving challenges in the economy. 

    “The report released today demonstrates sustained progress in the economic reform agenda, which serves as a counter to strong economic headwinds. 

    “Key milestones during the past quarter include the publication of a Ministerial Determination and associated regulations to enable the first round of Independent Transmission Projects, as well as a Request for Information for major private sector participation (PSP) projects in the freight logistics sector. 

    “Progress has also been made in the new areas of reform included in Phase II, with a comprehensive review of the White Paper on Local Government to reform the local government system and the introduction of a performance-based financing mechanism to support the reform of municipal water and electricity services. 

    “The Digital Transformation Roadmap has been approved by Cabinet and is in implementation, with the development of a digital identity system and other core elements of the roadmap already advanced,” said a statement.

    Further details on progress in each of the reform areas is available in the full report, at Operation Vulindlela Progress Report Q1 2025-26.pdf. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Celebrating 75 years of Portsmouth’s friendship with Duisburg

    Source: City of Portsmouth

    Portsmouth is celebrating 75 years of twinning and friendship with Duisburg and the many connections forged between the two cities over the years.

    Portsmouth schoolchildren have been busy designing Duisburg 75 logos to mark the major anniversary. And the winners – Amelie Allen and Roxanne Richardson from Springfield School – had their design engraved on a silver salver that’s ben gifted to the German city. Fellow Springfield pupils Ashmika Sujith and Emma Butcher won best concept for their design.

    The salver was presented to the Lord Mayor of Duisburg, Sören Link, as part of his recent visit to Portsmouth with a group of delegates.

    As part of the anniversary trip, Portsmouth Lord Mayor Cllr Gerald Vernon-Jackson joined to unveil a selection of new German books, available to borrow in Central Library, which have been funded by Snows BMW and MINI Portsmouth. Books have also gone to Portsmouth schools where German is taught, continuing a tradition of exchanging books since the cities were twinned in 1950.

    A display showing the rich history between Portsmouth and Duisburg is also available to visit in Portsmouth History Centre – located on floor 2 of Central Library, Guildhall Square.

    As part of the visit, Duisburg guests visited Southsea Food Festival, toured the new sea defences and took in other Portsmouth landmarks.

    Over 75,000 people from the two cities are estimated to have taken part in exchanges since they were officially twinned in 1950, and over 75 years, many friendships, and even families, have been created.

    Doreen from Portsmouth and Heinz from Duisburg were the first couple to marry after their cities were twinned, having met in Duisburg in 1948.  Heinz died last year aged 102 and Doreen died several years before, and their niece, Rosy Danbar, who had been researching her family history, joined the latest visit to share her family stories.

    Cllr Chris Attwell, Portsmouth City Council Cabinet Member for Communities and Central Services and chair of the twinning advisory group said:

    “Portsmouth and Duisburg were one of the very first Anglo-German twinning links following the Second World War, which left both cities crippled by bombing.

    “Once enemies, a great friendship was forged out of understanding and hope in 1950, and over 75 years that bond has grown ever stronger. Residents of both cities have made life-long friends by taking part in visits, and we look forward to many more decades of friendship together.”

    To further mark the occasion a 75th anniversary flower display has been created outside The D-Day Story museum in Southsea.

    And earlier in the summer, a group of Portsmouth City Council staff travelled to Germany to take part in the Duisburg Fun Dragonboat Regatta, the biggest in the world.

    Anyone interested in the link between the cities can join The Duisburg Portsmouth Twinning Association

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: TAK£500+ Community campaign – the public has spoken!

    Source: Northern Ireland City of Armagh

    Lord Mayor of Armagh City, Banbridge and Craigavon, Alderman Stephen Moutray with participants from Bleary Primary School presenting their outdoor learning project at the recent Tak£500+ event held at South Lake Leisure Centre.

    For the last few months, communities from right across every corner of the borough have been putting forward ideas that they think will have a positive impact on their area – with over 150 applications in total coming through!

    Three incredible events were then held at different venues across the borough where these groups came along to showcase their fantastic ideas, in the hope that members of the public would vote for them to receive funding to bring their ideas to life!

    Overall, 3,423 votes were cast by you – residents of this borough – for your favourite projects. And an amazing 116 projects have received funding to the tune of over £114,000 to carry out their projects for the benefit of their communities!

    This was all made possible through the ‘TAK£500+ Participatory Budget Fund’ – a project that has enabled local people to decide how public funds are used to address needs in their area. Communities were able to apply for up to £1,000, with local residents deciding which projects should go ahead!

    The variety of successful projects is quite simply amazing and includes sporting activities for all ages, community gardens, intergenerational initiatives, projects to protect our industrial heritage and so much more!

    “This the fourth year of the Tak£500+ Project and the response this time was even bigger and better,” commented the Lord Mayor of Armagh City, Banbridge and Craigavon, Alderman Stephen Moutray.

    “We were delighted to see so many residents getting involved – both with ideas for projects as well has coming out to cast their votes. The variety of ideas that were put forward and the reasons why were truly inspirational in how they will benefit communities. I can’t wait to see these projects coming to life over the next few months and seeing the impact they will have across the borough!”

    All ideas were based around the ‘Take 5 Ways of Wellbeing’ – five simple steps to help maintain and improve your wellbeing on a daily basis.

    View the list of successful projects here. 

    Find out more about Tak£500+ here. 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Get up and go with free family activities

    Source: City of Leicester

    FREE family activities will be on offer in neighbourhoods across Leicester throughout the summer holidays.

    From Monday 14th July until Friday 22nd August, the city council’s Get Up & Go programme will offer a range of activities at  children, young people and family centres across the city.

    Aimed at children aged 0-11 years, the programme will include lots of outdoor fun, arts and crafts, story time and sensory play.

    There will also be plenty of indoor creative play and lots of opportunities to join in with Story Garden, this year’s nature-themed summer reading challenge.

    On Mondays, there will be Get Up & Go activities on offer at St Matthews, Saffron, Thurnby Lodge and Woodbridge; on Tuesdays at Bewcastle and on Wednesdays at Beaumont Leys. On Thursdays, families can get up and go at centres in Netherhall, New Parks, Belgrave and Highfields, as well as again at Beaumont Leys. On Fridays, there’s a chance to get up and go in Eyres Monsell or at The Grove in Braunstone.

    Times vary at each venue, so check the timetable or call your local children’s centre for details.

    A whole week of special activities will also mark National Playday this summer. Playday activities will take place across all children’s centres on the week beginning Monday 4 August, and will include outdoor games, songs and a baby area.

    The city council’s Get Up & Go programme aims to encourage families to get out and about and enjoy the outdoor spaces around them.

    Assistant city mayor for children and young people, Cllr Elaine Pantling, said: “We know it can be tricky to keep children entertained during the long summer holidays, and that it can be a drain on family finances. Our Get up and go sessions are aimed at a wide age range, they’re free and they take place in neighbourhoods across the city to make them easily accessible for as many families as possible.

    “I hope these events will also give families lots of ideas and inspiration for their own low-cost play activities to try at home, as well as encouraging them to get out and about to enjoy the summer.”

    More information is available at https://families.leicester.gov.uk/get-up-and-go/ and on Facebook at facebook.com/leicesterchildrenscentres

    Details of all the free and low-cost activities taking place at city council venues and other city centre locations are available at https://families.leicester.gov.uk/summer-fun

    Listings are provided for each week of the school holidays, making it easy for families to find a free or low-cost activity in Leicester this summer.

    ENDS

    MIL OSI United Kingdom –

  • MIL-OSI: Multi-Billion Virtual Healthcare Industry Witnessing Substantial Growth with Rapid Expansion Expected

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 10, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The global telehealth market has been substantially growing over the past years and is expected to continue this growth well into the future. A report from Grand View Research said that: “The global telehealth market size was estimated at USD 123.26 billion in 2024 and is projected to reach USD 455.27 billion by 2030, growing at a CAGR of 24.68% from 2025 to 2030. North America dominated the telehealth market with the revenue share of 46.58% in 2024. The market is primarily driven by the increasing adoption of digital health & smartphones, rising investments, improved internet connectivity, and growing technological advancements… the growing adoption and acceptance of telehealth services are expected to boost the market’s growth over the forecast period.” The report continued: “Moreover, smartphones have evolved from devices of communication & entertainment to devices that can monitor health and fitness. Some market players are developing Chatbot services for basic medical inquiries and one-time consultations… Moreover, the market is propelled by favorable government initiatives to expand telehealth by making healthcare services more accessible and convenient for patients. The focus on cost-effective and efficient healthcare solutions further propels the adoption of telehealth services. The rising adoption of telehealth facilities by patients, physicians, and government authorities is boosting the market. Access to healthcare through specific applications and video consultations enables communication between patients and doctors in remote locations, eliminating the need to visit hospitals or clinics. Market players such as Apple, Google, and IBM focus on improving the mobile health experience by providing numerous solutions through different subscription plans and emphasizing data security. These factors are expected to drive the market growth over the forecast period.”   Active tech companies in the markets this week include Treatment AI, Inc. (OTCQB: TREIF) (CSE: TRUE), CVS Health® (NYSE: CVS), Teladoc Health, Inc. (NYSE: TDOC), Tempus AI, Inc. (NASDAQ: TEM), Hims & Hers Health, Inc. (NYSE: HIMS).

    Grand View Research concluded: “Telehealth services are rapidly expanding, particularly in cardiology, behavioral health, radiology, and online consultations. This growth is fueled by a surge in startup funding and the introduction of new solutions and services, especially those designed for virtual consultations. Furthermore, integrating artificial intelligence and machine learning algorithms enhances the personalization of healthcare services. In addition, favorable government initiatives promoting telehealth adoption drive the market. The telehealth market in the U.S. accounted for the largest market revenue share in North America in 2024, owing to innovative software development, advanced healthcare management, and the presence of several market players operating across segments, such as mobile and network operations. Increasing awareness regarding the availability of digital health solutions, such as mHealth and telehealth, is driving their adoption rate.”

    Treatment AI Inc. (OTCQB: TREIF) (CSE: TRUE) News: EngageWell, Rocket Doctor, and CVS Health Foundation Launch Virtual Healthy Aging Program for Adults over 60 –

    Backed by $1 million in funding from the CVS Health Foundation, the pilot initiative offers free, virtual health screenings to support aging with confidence, care, and convenience

    • Health checks include assessments for heart health, memory, cognitive function, and mental health
    • No travel required — all appointments are virtual and confidential
    • Community Health Workers provide personalized follow-up support and connect patients to local resources
    • The program is now available in New York City, with plans to expand throughout 2025
    • Free for patients on Medicaid, covered by insurance for patients on Medicare

    Treatment.com AI Inc. (Frankfurt: 939) (the “Company” or “Treatment”) is pleased to announce that building off their successful graduation from AARPs AgeTech Accelerator, its subsidiary, Rocket Doctor Inc., has partnered with EngageWell IPA in a program funded by CVS Health (NYSE: CVS) Foundation to launch the Healthy Aging Program — a new pilot initiative offering virtual health screenings for adults aged 60 and older across New York City.

    Funded through a 5-year, $1M grant from the CVS Health® Foundation, EngageWell and Rocket Doctor’s program is designed to support older adults in maintaining their health and independence. It offers confidential virtual assessments that screen for common health concerns related to aging, including heart health, memory and brain function, and mental well-being. Board-certified physicians conduct consultations via phone or video and develop personalized follow-up care plans. Community Health Workers are also available to help patients connect with the telehealth provider and with necessary follow-up care.

    “Aging shouldn’t mean losing access to care, it should mean getting the support you need, wherever you are,” said Dr. William Cherniak, Founder and CEO of Rocket Doctor. “We’re proud to again partner with EngageWell to bring high-quality, proactive care directly into the homes of older adults across New York City. We’re equally thrilled that the CVS Health Foundation is funding EngageWell to implement this important program.”

    Participants who complete their screenings receive valuable health information, a physician consultation, and can receive up to $45 in gift cards. No insurance is required for patients on Medicaid, and is accepted for patients on Medicare. The entire process is designed to be simple, supportive, and stress-free.

    “Too often, older adults who face language barriers, low health or digital literacy, or systemic inequities are left to navigate fragmented healthcare systems on their own,” said Christopher Joseph, Executive Director of EngageWell IPA. “Through the Healthy Aging Program, we’re not just delivering services – we’re building a care model rooted in dignity, cultural relevance, and trust. By combining community-based outreach with user-friendly technology, we’re bridging gaps and creating lasting pathways to better health for aging New Yorkers.”

    The program is now live and being offered in partnership with community-based organizations and care navigators throughout New York City. By combining technology, human connection, and wrap-around support, the Healthy Aging Program helps ensure older adults stay healthy, informed, and in control of their care, without ever needing to leave home. CONTINUED… Read this full press release and more news for Treatment.com AI at: https://www.financialnewsmedia.com/news-true/.

    Other recent developments in the healthcare industry of note include:

    CVS Health® (NYSE: CVS) has recently announced the opening of its new Workforce Innovation and Talent Center (WITC) in Chicago. The center, situated at the Chicago Baptist Institute, will improve the community’s access to workforce training services and provide every participant who completes the program an opportunity to apply for a position at CVS Health.

    The WITC will transform lives in the Chicago community, like that of Catrina Malone. Her journey began when she attended an informational session while pursuing a film career. Now, as a pharmacy technician at CVS Health, Catrina shares her story: “Growing up in an unstable home environment, I faced many barriers. My mother struggled with substance abuse, and there were times when I didn’t know where my next meal would come from. With the support of my legal guardian, I stayed determined to forge my own path and build a career despite the odds being against me. This new role as a pharmacy technician for CVS Pharmacy has given me just that. Through this center and the kindness of everyone here, I’ve felt truly encouraged and supported — and for that, I am extremely thankful.”

    Teladoc Health, Inc. (NYSE: TDOC), the global leader in virtual care, recently announced earlier this year it has acquired UpLift, an innovative and tech-enabled provider of virtual mental health therapy, psychiatry and medication management services.

    The acquisition supports the company’s strategy to further enhance its leadership position in virtual mental health, including the ability for consumers served by its BetterHelp segment to access benefits coverage for mental health services. UpLift serves the health plan market and has arrangements covering over 100 million lives, a network of over 1,500 mental health professionals, important capabilities and a talented team.

    Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, recently announced the expansion of its care pathway intelligence platform, Tempus Next, into breast cancer. Since its launch in 2024, Tempus Next has screened thousands of patients across its network of provider sites, helping close critical care gaps for patients with lung cancer. Now, the platform will support five different biomarker testing gaps specific to breast cancer with the goal of helping physicians deliver guideline-directed medical care to eligible patients.

    Tempus Next supports physicians administering guideline-based care by surfacing care gaps and identifying patients who may benefit from these guideline-based suggestions. The platform integrates multimodal data available in the patient’s electronic medical record (EMR) with up-to-date clinical guidelines to support providers in delivering guideline-based care. As with lung cancer, clinical guidelines around breast cancer are continually evolving, and Tempus is working to help providers keep pace, starting at Mercy, which has already integrated Tempus Next for both breast and lung cancer into its EMR system to support patient care. Mercy has over 1,000 physician practice locations and outpatient facilities, more than 5,000 physicians and advanced practitioners serving patients across Arkansas, Illinois, Kansas, Missouri and Oklahoma.

    Hims & Hers Health, Inc. (NYSE: HIMS) the leading digital health and wellness platform, recently announced its plans to bring its affordable, holistic weight loss program to Canada, timed with the anticipated first-ever availability of generic semaglutide anywhere in the world. This move follows the recent closing of the company’s acquisition of ZAVA, the pioneering digital health platform in Europe.

    Almost two thirds of adults in Canada are overweight or living with obesity, yet access to proven treatments remains limited due to high costs and availability. With branded semaglutide often priced out of reach, the introduction of generics marks a pivotal moment for access to care. Hims & Hers plans to offer access to lower-cost treatment options through its digital platform, paired with 24/7 access to licensed providers and personalized, clinically backed care plans. In Canada, branded semaglutide with no surrounding clinical support currently costs more than C$200 a month. The price for generic semaglutide is expected to be available at a significant discount to the branded versions, with the prices expected to lower over time.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by Treatment.com AI Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757 

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: NANO Nuclear to Participate in Fireside Chat at H.C. Wainwright’s Powering the Future: Advancing Innovation Through Nuclear Virtual Conference on July 15th

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., July 10, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that Chief Executive Officer James Walker will participate in a fireside chat at H.C. Wainwright’s Powering the Future: Advancing Innovation Through Nuclear Virtual Conference hosted by Sameer Joshi, Senior Cleantech Analyst at H.C. Wainwright, on July 15, 2025 at 9:00 a.m., Eastern time.

    Figure 1 – Rendering of NANO Nuclear Energy’s High Technology Readiness Level and Patented KRONOS MMR™ Microreactor Energy System at the University of Illinois Urbana-Champaign

    Mr. Walker is expected to discuss recent business developments, highlighting progress in advancing its lead microreactor project, the patented KRONOS MMR™ Energy System, toward construction, testing and licensing with the U.S. Nuclear Regulatory Commission, as well as key upcoming regulatory milestones necessary for deployment of the KRONOS reactor prototype at the University of Illinois Urbana-Champaign.

    NANO Nuclear is highly focused on expediting its advanced reactor technology to meet expected growth in energy demands across multiple sectors, including data centers powering artificial intelligence. The stationary KRONOS reactor is designed to be completely modular, mass manufactured with a production line, rapidly installed, safer than traditional reactors, co-located at customer sites, a provider of high-capacity factor baseload carbon free power, and a known technology offering the potential to reduce licensing timeframes. NANO Nuclear views KRONOS as a next generation source of reliable, safe, and clean nuclear energy ideal to meet expected future growth in domestic and international energy consumption. 

    Fireside Chat Details:

    Date: Tuesday, July 15, 2025
    Time: 9:00 a.m. ET
    Speaker: James Walker, CEO
    Moderator: Sameer Joshi, H.C. Wainwright Senior Cleantech Analyst
    Webcast: https://journey.ct.events/view/d216b343-edae-4f3e-8627-d19c29340b11

    A replay of the fireside chat webcast will be available for approximately 30 days on NANO Nuclear’s investor relations website at https://ir.nanonuclearenergy.com/news-events/events.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release, the fireside chat referred to herein and statements of NANO Nuclear’s management in connection with this news release and such fireside chat contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. Specifically, forward-looking statements include those related to NANO Nuclear’s development plans for the KRONOS MMR™ Energy System and NANO Nuclear’s other future plans and intentions. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: PMGC Holdings Inc. Completes Acquisition of Custom IT Packaging Company Pacific Sun Packaging with Over $2,000,000 in Combined Revenue for Fiscal Years 2023 and 2024

    Source: GlobeNewswire (MIL-OSI)

    • Serves over 300 Commercial Clients including Data Centers, Technology Manufacturers and Information Technology (IT) Service Providers.
    • Adds cash flow positive revenue, enhances PMGC’s exposure to U.S. semiconductor and artificial intelligence (“AI”) infrastructure growth, and marks the launch of its strategic acquisition program targeting U.S. businesses.

    NEWPORT BEACH, Calif., July 10, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (Nasdaq: ELAB) (the “Company,” “PMGC,” “we,” or “us”), a diversified public holding company, today announced that it has completed the acquisition of Pacific Sun Packaging Inc. (“Pacific Sun”) a specialized custom IT packaging company based in San Clemente, California.

    About Pacific Sun Packaging Inc.

    Founded in 2011, Pacific Sun Packaging Inc. is a specialty packaging provider focused on high-precision, component-level packaging solutions for the electronics and information technology (“IT”) hardware industries. The company designs and supplies custom-engineered protective packaging for delicate components such as central processing units (CPUs), memory modules (DIMMs and SO-DIMMs), solid state drives (SSDs), hard disk drives (HDDs), and fiber-optic transceivers, serving customers across the semiconductor, data center, and networking equipment supply chains.

    Pacific Sun’s solutions are built to meet the demanding durability, antistatic protection, and dimensional requirements of sensitive electronic parts during storage, shipping, and integration. Its products are widely used by original equipment manufacturers (OEMs), distributors, and contract manufacturers requiring scalable, reliable, and technically compliant packaging options. Known for its engineering agility, fulfillment reliability, and component-specific packaging expertise, the company operates a lean, cash-generative model from its base in San Clemente, California.

    In fiscal years 2023 and 2024, Pacific Sun generated combined revenue of $2,151,418.

    Strategic Rationale

    The acquisition of Pacific Sun marks the first completed transaction in PMGC’s broader acquisition strategy, which targets businesses with consistent earnings, strong fundamentals, and scalable platforms. Pacific Sun operates in a specialized and growing segment of the packaging industry, supported by long-standing customer relationships, high service reliability, and deep expertise in meeting the complex needs of the technology supply chain. The company’s ability to deliver tailored, component-specific solutions with speed and consistency has made it a trusted partner to electronics and IT hardware providers navigating increased demand and supply chain complexity.

    PMGC plans to work closely with Pacific Sun’s existing leadership to identify and execute growth initiatives, including the buildout of a dedicated sales function, targeted marketing investments, and operational enhancements. With the right capital and strategic support, Pacific Sun is well-positioned to expand its commercial footprint and serve a broader range of customers in the growing electronics and logistics ecosystem.

    “Pacific Sun Packaging represents everything we look for in a foundational operating platform: consistent profitability, customer loyalty, and strategic exposure to macro tailwinds,” said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc, managed through GB Capital Ltd. “As semiconductor, electronics manufacturing, and AI data centers increasingly move back onshore, and demand for servers, memory, and IT components continues to grow, we believe this business is well-positioned to scale with America’s advanced manufacturing revival, and we are excited to help meet that demand.”

    Industry Outlook

    The U.S. market for custom IT and electronics packaging is poised for multi-year growth. According to industry data:

    • The North American electronics packaging market exceeded $8 billion in 2023.1
    • Demand is driven by the cloud, data center, and AI hardware boom, with memory modules and optical networking components requiring high-spec packaging solutions.
    • The CHIPS and Science Act is incentivizing domestic production, increasing demand for U.S.-based packaging partners.
    • E-commerce growth and stricter sustainability regulations are reshaping packaging needs—rewarding suppliers that offer recyclable, efficient, and customizable designs.

    PMGC acquired 100% of the issued and outstanding shares of Pacific Sun for $1,148,000 in cash, with an additional $250,000 earnout contingent on the company achieving $1,145,915 in revenue over the 12-month period following closing.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Investor Relations Contact:

    IR@pmgcholdings.com

    1North America Consumer Electronics Packaging Market Report – Industry Trends and Forecast to 2031 | Data Bridge Market Research

    The MIL Network –

  • MIL-OSI: Reliance Global Group Reduces Debt by 50%, Cutting Annual Debt Service by Over $1.8 Million

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, NJ, July 10, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today announced that it has repaid approximately $5.55 million, or approximately 50% of its long term debt, a strategic action that reduces its leverage, strengthens its balance sheet, and enhances financial flexibility. The repayments were funded through proceeds from the recently announced asset sale of Fortman Insurance Services, a wholly owned subsidiary, which generated $5.0 million in cash for the Company, with the remainder coming from the release of cash collateral held in our restricted cash accounts. As a result, annual principal, interest and service fee payments are expected to decline from approximately $2.95 million to $1.1 million — a reduction of over $1.8 million, or 61%.

    “Reducing our debt by approximately 50% marks a transformative milestone for Reliance and is a direct result of the financial execution and operational improvements made across the business,” said Ezra Beyman, CEO of Reliance Global Group. “This achievement reflects the strength of our cash position and our commitment to long-term financial health. By lowering our annual debt service obligations by over $1.8 million, we are meaningfully enhancing our cash flow profile. These steps also create greater flexibility to support strategic initiatives, such as our planned acquisition of Spetner Associates (“Spetner”).”

    Joel Markovits, Chief Financial Officer of Reliance Global Group, added, “Deleveraging our balance sheet has been a long-term goal for the Company, and also partially executes on our strategy to fund the Spetner deal by enhancing our leverage ratio, which often is a key factor to investors and lenders. Our disciplined approach to managing cash flows, expenditures and capital allocation, reflects our fiscal responsibility and strategic focus on long-term value creation that will support exponential operational growth, wider margins, and greater returns to our investors and shareholders.”

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:

    • Our expectations regarding the financial and operational benefits of our recent debt reduction, including enhanced cash flow, reduced debt service obligations, and improved financial flexibility;
    • Our belief that these improvements strengthen our ability to support strategic initiatives, including the planned acquisition of Spetner Associates, Inc.;
    • Our expectation that the Spetner acquisition will be completed on commercially reasonable terms and will meaningfully contribute to our cash flow and long-term value creation;
    • Our intention to continue leveraging our scalable InsurTech platform and streamlined capital structure to pursue margin expansion and operating leverage; and
    • Other statements relating to our future growth, financial performance, business strategy, and operational execution.

    These forward-looking statements are based on a number of assumptions, including that the Spetner acquisition will proceed as expected; projected cash flow benefits and operating synergies will materialize; integration risks will be effectively managed; and no material adverse changes will occur in market, economic, or regulatory conditions. There can be no assurance that these assumptions will prove accurate.

    Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including: delays or failure to complete the Spetner acquisition; challenges in realizing anticipated cost savings or cash flow improvements; unexpected integration issues; competitive pressures in the InsurTech and insurance agency markets; adverse economic or regulatory developments; and other factors described under “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission.

    You are encouraged to carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, as well as other SEC filings, for a more complete discussion of these and other risks and uncertainties. Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com 

    The MIL Network –

  • MIL-OSI: BPM Partners’ Latest Performance Management Vendor Landscape Matrix Adds New Details, New Vendors, and Agentic AI Coverage

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., July 10, 2025 (GLOBE NEWSWIRE) — BPM Partners, the leading independent authority on business performance management (BPM), today announced the immediate availability of its new Performance Management Vendor Landscape Matrix (VLM) designed to provide an up-to-date view of vendors in the 2025 BPM/CPM/EPM market. This comprehensive document combines an industry expert’s assessment along with customer satisfaction ratings and pricing data. End user organizations can get a sample 2025-2026 report featuring two vendors of their choosing.

    Building on the BPM Pulse customer satisfaction ratings already included in the VLM, we have added aggregated, AI-generated customer commentary summaries. These will explain vendor ratings and the level of passion behind them. We also include platform graphics for each vendor to illustrate how the components of their offerings work together to deliver results. Our AI coverage now identifies point solutions, platform-wide capabilities, and the rollout of agentic AI assistants/agents.

    Vendors include Anaplan, Centage, deFacto Global, JustPerform from insightsoftware, Lumel, OneStream Software, Oracle, Pigment, Planful, Prophix, SAP, Unit4, Vena, Wolters Kluwer CCH® Tagetik, and XLerant. This year we also take a first look at Darwin Analytics and Una Software.

    “This impressive list of vendors reflects the state-of-the-art in performance management. These vendors leverage the latest technology to deliver robust, easy-to-use solutions,” said Craig Schiff, President and CEO of BPM Partners. “Regardless of your industry, company size, or location, you will find several excellent choices on this list.”

    The matrix objectively organizes vendors by market momentum (customer count/deal size) and customer success (overall satisfaction rating). The 2025-2026 VLM is a single report that presents the industry’s sole unified view of the solution choices available for budgeting and financial planning, financial consolidation and close, operational planning, financial reporting, AI and analytics.

    Key Elements of the 2025-2026 VLM:

    • Categories for Premier Leaders, Leaders, Key Competitors, and Challengers layered atop customer satisfaction-based rows and market momentum-based columns
    • NEW: Expanded 3-page vendor profiles
    • NEW: Vendor platform graphics
    • NEW: AI-generated summary of customer feedback
    • Charts comparing all vendors in a market segment for customer ratings and pricing
    • AI technology features by vendor with descriptions of their benefits
    • Operational planning and analysis checkbox grid with delivery approach and customer ratings
    • Advanced financial consolidation checkbox grid for disclosure management, close management, account reconciliation, trial balance, regulatory compliance, and more
    • Radar charts using 16 attributes to compare vendor ratings against the industry average
    • Recommendation rate metric with an enthusiasm measurement

    About BPM Partners
    BPM Partners is the leading independent authority on business performance management (BPM/CPM/EPM) and related business intelligence solutions and has been recognized by Forbes as one of America’s Best Management Consulting Firms. The company helps organizations address their budgeting, planning, financial consolidation, close and reporting, regulatory compliance, profitability optimization, key performance indicator (KPI) development, and operational performance challenges. Vendor-neutral experts guide companies through their BPM initiatives from start to finish while both reducing risk and minimizing costs. For further details, go to BPMPartners.com. Follow BPM Partners on X @BPMTeam and LinkedIn BPM Partners | LinkedIn.

    The MIL Network –

  • MIL-OSI: SUSE Modernizes Enterprise Virtualization for A Future-Proof Cloud Native Strategy

    Source: GlobeNewswire (MIL-OSI)

    LUXEMBOURG, July 10, 2025 (GLOBE NEWSWIRE) — SUSE®, a global leader in innovative, open and secure enterprise-grade solutions, today announced the general availability of SUSE Virtualization 1.5 Prime to help enterprises optimize their virtualization strategies for a cloud native future.

    Today, enterprises require virtualization strategies that work in Kubernetes-native environments, without any vendor lock-in or disruptive upgrade paths. With an improved release lifecycle, more flexible patching and upgrades, and an ecosystem that supports production-grade storage integration, SUSE Virtualization 1.5 Prime is designed to be the foundation of the modern enterprise virtualization strategy.

    “Enterprises today want freedom of choice, predictability, and innovation—without being locked into restrictive platforms,” said Peter Smails, SVP and GM of Cloud Native at SUSE. “With SUSE Virtualization, we are delivering the trusted, open and futureproof virtualization solution customers are asking for.”

    SUSE Virtualization 1.5 Prime updates:

    • Arm®-based Chip Support: SUSE Virtualization now offers full production-ready support for 64-bit Arm architecture. Enterprises can run x86 and Arm workloads side-by-side, unlocking multi-architecture flexibility. This enables performance and energy efficiency benefits critical to AI/ML, telco, and edge computing use cases while lowering total cost of ownership.
    • Enterprise Lifecycle You Can Count On: A predictable 4-month release cadence aligned with Kubernetes upstream ensures consistent planning across DevOps teams. Upgrade flexibility allows users to leap from any patch version to the next minor release, with hotfixes rolled into every version—reducing rework and minimizing downtime.
    • Data Protection Assurance: SUSE Certified Data Protection for Virtualization for third-party backup, restore, and disaster recovery solutions for seamless integration and production readiness. This certification ensures compatibility with SUSE Virtualization APIs, supports snapshot orchestration, and verifies backup and restore performance through rigorous technical testing. Customers gain confidence knowing their data protection tools are tested for reliability, scale, and hybrid cloud use, while partners benefit from faster time to value and ongoing platform support. Explore the certification.
    • Certified Storage Ecosystem: SUSE supports all CSI-compatible storage appliances, offering seamless integration with third-party solutions. Customers can confidently use Dell, NetApp, HPE, Oracle, Portworx and more CSI drivers validation make it easier to run production workloads with existing infrastructure while meeting compliance and data protection needs.
    • Open Architecture, No Lock-In: Built on a 100% open source foundation, SUSE Virtualization includes transparent licensing, full API access, and no opaque software bundles—empowering organizations to stay in control of their stack.

    “The growing shift toward cloud-native requires virtualization solutions that are as flexible and dynamic as the workloads they support,” said Andrew Wafaa, Senior Director of Software Communities at Arm. “SUSE Virtualization on Arm will deliver greater choice, efficiency, and scalability for enterprise customers while reducing complexity and cost.”

    Child Rescue Coalition (CRC), a nonprofit dedicated to protecting children around the world, scales their mission-critical platform using SUSE Virtualization and Rancher Prime.

    “The tools provided by SUSE have truly revolutionized our daily work –our four-person team now works like a team of twenty-something. Automation is our task force multiplier,” said Roberto Machorro, Senior Software Developer at CRC.

    By leveraging SUSE Virtualization’s intuitive API and automation capabilities, CRC effortlessly manages hundreds of workloads, improving operational resilience and maximizing the impact of a lean team. SUSE Virtualization is a core component of the SUSE Rancher Prime platform and part of SUSE’s broader vision to provide secure, scalable, and flexible cloud-native infrastructure from core to edge.

    To learn more about SUSE Virtualization 1.5 Prime, please visit

    About SUSE
    SUSE is a global leader in innovative, reliable and secure enterprise open source solutions, including SUSE® Linux Suite, SUSE® Rancher Suite, SUSE® Edge Suite and SUSE® AI Suite. More than 60% of the Fortune 500 rely on SUSE to power their mission-critical workloads, enabling them to innovate everywhere – from the data center to the cloud, to the edge and beyond. SUSE puts the “open” back in open source, collaborating with partners and communities to give customers the agility to tackle innovation challenges today and the freedom to evolve their strategy and solutions tomorrow. For more information, visit www.suse.com.

    Media Contact
    Rachel Romoff
    rachel.romoff@suse.com
    +12102418284

    Sara Matheson
    sara.matheson@suse.com
    +44 7960 191229

    The MIL Network –

  • MIL-OSI: Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq’s Minimum Bid Price Rule

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, July 10, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”) today announced a 1-for-35 reverse share split (the “Reverse Share Split”) of the Company’s Class A Ordinary Shares by way of a share consolidation.

    The Company’s Class A Ordinary Shares will continue to trade on The Nasdaq Capital Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “HTOO” and will begin trading on a split-adjusted basis when the market opens on Monday, July 14, 2025. The new CUSIP number for the Company’s Class A Ordinary Shares following the Reverse Share Split will be G3R25D 209.

    The Reverse Share Split is intended to enable the Company to regain compliance with the minimum bid price requirement for continued listing on Nasdaq.

    The Reverse Share Split was approved by the board of directors of the Company (the “Board”) on June 25, 2025, immediately following the Annual General Meeting of the Company held on June 25, 2025 at 3:00 pm (Dublin time) (the “AGM”). At the AGM, the shareholders of the Company approved a resolution to consolidate the Company’s Class A Ordinary Shares (with a nominal value of $0.0001 per share) in the authorized but unissued and in the authorized and issued share capital of the Company, at a ratio to be determined by the Board, provided that such consolidation shall be effected at a ratio of not fewer than every 4 Class A Ordinary Shares and not more than every 40 Class A Ordinary Shares being consolidated into 1 Class A Ordinary Share, with the final ratio and timing of implementation of the consolidation to be determined by the Board. In addition, at the AGM, the shareholders approved a resolution, subject to and immediately following the implementation of the Reverse Share Split, to increase the Company’s authorized share capital by such amount as is necessary to ensure that, following the Reverse Share Split, the Company shall have 100,000,000 authorized Class A Ordinary Shares, each with a nominal value that will reflect the ratio applied by the Board in implementing the Reverse Share Split (the “Authorized Capital Increase”).

    Accordingly, as a result of the Reverse Share Split, every 35 of the issued and outstanding Class A Ordinary Shares of the Company as of the effective time of the Reverse Share Split will be consolidated into one Class A Ordinary Share. The number of issued and outstanding Class A Ordinary Shares will adjust from approximately 27,418,159 shares to approximately 783,376 shares (subject to adjustment due to the effect of rounding up fractional shares into whole shares). In addition, the Reverse Share Split will effect a reduction in the number of shares issuable pursuant to the Company’s equity awards, warrants, and convertible preferred shares outstanding as of the effective time of the Reverse Share Split with a corresponding increase in the exercise or conversion price per share. As a result of the Authorized Share Capital Increase, the number of authorized Class A Ordinary Shares will continue to be 100,000,000 shares. The nominal value of each of the Class A Ordinary Shares will be adjusted to $0.0035. The other terms of the Class A Ordinary Shares will not be affected.

    No fractional shares will be issued in connection with the Reverse Share Split. Fractional shares resulting from the Reverse Share Split will be rounded up to the nearest whole share. Continental Stock Transfer and Trust Company is acting as transfer and exchange agent for the Reverse Share Split. Registered shareholders are not required to take any action to receive post-Reverse Share Split shares. Shareholders who are holding their shares in electronic form at brokerage firms need not take any action as the effect of the Reverse Share Split will automatically be reflected in their brokerage accounts.

    Additional information about the Reverse Share Split can be found in the Company’s Report on Form 6-K furnished to the Securities and Exchange Commission (the “SEC”) on July 10, 2025, which is available free of charge at the SEC’s website, www.sec.gov, and on the Company’s website at https://www.fusion-fuel.eu/.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is a growing energy company providing engineering, advisory, and fuel distribution solutions through its brands Al Shola Gas and BrightHy. The Company services clients across commercial, residential, and industrial sectors and is actively expanding into new verticals and geographies to support energy transition and infrastructure resilience.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the SEC on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.

    Investor Relations Contact
    ir@fusion-fuel.eu
    www.fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: BitMart Launches Beacon (BitMartGPT): A Revolutionary AI Trading Assistant for the Crypto Age

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 10, 2025 (GLOBE NEWSWIRE) — BitMart, a global leader in digital asset trading, is proud to announce the launch of Beacon (BitMartGPT), a cutting-edge AI-powered trading assistant designed to transform the way users navigate and succeed in the complex world of crypto trading.

    Beacon: Your AI Crypto Assistant

    Like a lighthouse guiding ships through stormy seas, Beacon illuminates a clear path through volatile market conditions, offering institutional-grade insights and real-time support to crypto traders of all experience levels.

    Beacon is built on advanced AI infrastructure, enabling it to deliver fast, precise, and actionable insights.

    Expanded Features and Capabilities

    At launch, Beacon offers a powerful suite of tools aimed at providing clarity, speed, and strategic foresight to BitMart users:

    • Real-Time Market Intelligence via X Insights:
      Beacon integrates BitMart’s proprietary X Insights platform to analyze social sentiment and influencer commentary in real time. This enables users to anticipate market moves and understand shifting narratives within the crypto ecosystem.
    • Smart Problem Solving and Support:
      Whether it’s an account-related issue or a complex trading question, Beacon offers immediate, intelligent responses. A robust interactive knowledge base complements the live assistant, ensuring efficient self-service and education.
    • Interactive Knowledge Base:
      Ask complex questions about crypto concepts, trading strategies, or market dynamics and receive clear, tailored explanations powered by Beacon’s intelligent understanding of user intent.
    • Dual Operation Modes:
      Users can choose between two operational tiers.
      • Standard Mode supports up to 50 queries every four hours.
      • High-Performance Mode delivers advanced analytical capabilities, accessible up to three times in a four-hour window.
      • VIP users benefit from unrestricted access across both modes.

    Coming soon (Q3 2025), Beacon will further expand its capabilities with advanced trading intelligence tools, including a Personal Trading Analyst for deep, personalized performance insights, an Opportunity Scanner that identifies optimal trades based on your preferences and market trends, and an Advanced Risk Guardian for proactive portfolio protection.

    How It Works: Simple, Fast, Intuitive

    Users interact with Beacon through a conversational interface:

    1. Ask questions in natural language—no need for technical phrasing.
    2. Receive intelligent, data-driven insights based on your preferences and usage patterns.
    3. Make confident decisions supported by comprehensive, AI-enhanced insight.

    Why Beacon Matters

    In the rapidly evolving world of crypto and Web3, timely information, strategic guidance, and intuitive tools are critical. Beacon addresses these demands by combining professional-grade technology with an accessible user interface, making institutional-level support available to every user on the BitMart platform.

    Beacon is exclusively accessible to BitMart users and offered as a permanent, no-cost feature. It is purpose-built to elevate the trading experience by delivering advanced intelligence through an interface that remains intuitive and efficient.

    Discover what Beacon can do for you. Start exploring today.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer:

    The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

  • MIL-OSI: Byrna Technologies Reports Fiscal Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., July 10, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today reported select financial results for its fiscal second quarter ended May 31, 2025.

    Fiscal Second Quarter 2025 and Recent Operational Highlights

    • Launched the Byrna Compact Launcher (CL), a 38% smaller launcher than the flagship Byrna SD that delivers the same force per square inch as the Byrna LE. The CL is now available for purchase on Amazon and is featured in Amazon’s Prime Day sales event from July 8-11, 2025.
    • Expanded Byrna’s store-within-a-store concept with Sportsman’s Warehouse, now operating in 12 stores with an additional 10 stores expected to open in the third quarter.
    • Successfully ramping company-owned retail locations launched earlier this year. Byrna’s five locations combined averaged $69,000 in sales during May. Notably, the Scottsdale location reached a sales run rate comparable to Byrna’s long-established Las Vegas store within just a few months of opening.
    • Added Tucker Carlson to the roster of celebrity influencers to amplify brand awareness and promote the normalization of less-lethal solutions.

    Fiscal Second Quarter 2025 Financial Results
    Results compare the fiscal second quarter ended May 31, 2025 (“Q2 2025”) to the fiscal second quarter ended May 31, 2024 (“Q2 2024”) unless otherwise indicated.

    Net revenue for Q2 2025 grew 41% year-over-year to $28.5 million from $20.3 million in Q2 2024. The strong year-over-year growth was primarily attributable to the launch of the CL, increased dealer sales, and broader brand adoption.

    Gross profit for Q2 2025 increased to $17.6 million (62% of net revenue) from $12.6 million (62% of net revenue) in Q2 2024, reflecting the strong increase in sales. The introduction of the CL contributed to a favorable product sales mix that offset any decrease due to a change in channel mix which resulted in stronger dealer sales.

    Operating expenses for Q2 2025 were $14.2 million, compared to $10.6 million for Q2 2024. The increase was primarily due to higher variable selling expenses, payroll costs, and increased discretionary marketing spend.

    Net income for Q2 2025 was $2.4 million, an increase from $2.1 million for Q2 2024, driven by an overall increase in product sales which was partially offset with higher income tax expense for the quarter.

    Adjusted EBITDA1, a non-GAAP metric reconciled below, for Q2 2025 totaled $4.3 million, compared to $2.8 million in Q2 2024.

    Cash, cash equivalents and marketable securities at May 31, 2025 totaled $13.0 million compared to $25.7 million at November 30, 2024. The decrease reflects the planned increase in inventory ahead of the Compact Launcher release and normal seasonal working capital movements. Inventory at May 31, 2025 totaled $32.3 million, compared to $20.0 million at November 30, 2024. The Company has no current or long-term debt.

    Management Commentary
    Byrna CEO Bryan Ganz stated: “The launch of the Byrna CL in May helped us deliver a record $28.5 million in revenue for the second quarter. Despite overall softness in consumer spending, our focused marketing and retail expansion strategies allowed us to continue growing our total addressable market and reach new milestones. Looking ahead, we expect that the CL will be a larger part of our sales mix, especially now that it is available to customers on Amazon.

    “Our dealer channel is also becoming a larger percentage of total sales, increasing 106% in the second quarter, supported by our partnership with Sportsman’s Warehouse. We’ve successfully rolled out the first 12 store-within-a-store locations and plan to add another 10 stores in the third quarter in addition to 38 stores with a point of sale display.

    “Our company-owned stores continue to outperform expectations, with five locations collectively averaging $69,000 in sales during May. Our Scottsdale location, which has only been open for a few months, is already performing at levels similar to our longstanding retail store in Las Vegas. We believe our company-owned stores will continue to perform well and become strong contributors as we further increase local and national brand awareness.

    “On the marketing front, we continue to diversify our approach. We recently added Tucker Carlson to our roster of celebrity influencers, and while it is still early, initial web traffic trends have been encouraging. Additionally, we’ve begun integrating AI tools into our content production, which is already helping us accelerate creative testing and expand our marketing reach.

    “Operationally, we have adjusted production to align with current demand following the CL launch and elevated inventory build. Ahead of the CL debut, production was running heavy in an effort to prepare for the launch. We are now producing at a steady state pace of 15,000 units per month and have implemented a more efficient assembly structure that allows us to maintain output with a smaller, more agile workforce.

    “Looking ahead, we expect consumer sentiment to remain subdued, which may continue to limit near-term revenue upside. However, we are confident that the growing momentum of the CL and our expanding retail presence position us well to deliver strong year-over-year growth in the second half of the year. We also expect our cash position to increase as our heightened inventory levels normalize over the coming quarters. While the third quarter is typically a seasonally slower period for Byrna, we remain focused on executing against our operational priorities, expanding market awareness, and setting the stage for a strong finish to the year.”

    Conference Call
    The Company’s management will host a conference call today, July 10, 2025, at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these results, followed by a question-and-answer period.

    Toll-Free Dial-In: 877-709-8150
    International Dial-In: +1 201-689-8354
    Confirmation: 13754369

    Please call the conference telephone number 5-10 minutes prior to the start time of the conference call. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.

    The conference call will be broadcast live and available for replay here and via the Investor Relations section of Byrna’s website.

    About Byrna Technologies Inc.
    Byrna is a technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company’s investor relations site here. The Company is the manufacturer of the Byrna® CL, Byrna® LE and Byrna® SD personal security devices, state-of-the-art handheld CO2 powered launchers designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company’s e-commerce store.

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” or “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include but are not limited to our statements related to our expected sales during the second half of fiscal year 2025, the expected expansion of Byrna’s store-within-a-store partnership with Sportsman’s Warehouse, expected sales trends for the Byrna CL, Byrna’s expectations regarding sales at its retail stores, benefits from new marketing partnerships, the expected benefits from AI integration with manufacturing and testing, the expected benefits from a leaner workforce, expectations regarding consumer sentiment and seasonal sales variations, and potential increases in our cash position. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.

    Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, disappointing market responses to current or future products or services; prolonged, new, or exacerbated disruption of our supply chain; the further or prolonged disruption of new product development; production or distribution disruption or delays in entry or penetration of sales channels due to inventory constraints, competitive factors, increased transportation costs or interruptions, including due to weather, flooding or fires; prototype, parts and material shortages, particularly of parts sourced from limited or sole source providers; determinations by third party controlled distribution channels, including Amazon, not to carry or reduce inventory of the Company’s products; determinations by advertisers or social media platforms, or legislation that prevents or limits marketing of some or all Byrna products; the loss of marketing partners; increases in marketing expenditure may not yield expected revenue increases; potential cancellations of existing or future orders including as a result of any fulfillment delays, introduction of competing products, negative publicity, or other factors; product design or manufacturing defects or recalls; litigation, enforcement proceedings or other regulatory or legal developments; changes in consumer or political sentiment affecting product demand; regulatory factors including the impact of commerce and trade laws and regulations and the implementation or change in tariffs; and future restrictions on the Company’s cash resources, increased costs and other events that could potentially reduce demand for the Company’s products or result in order cancellations. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, (“Risk Factors”) in the Company’s most recent Form 10-K and Part II, Item 1A (“Risk Factors”) in the Company’s most recent Form 10-Q, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in the Company’s SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.

    Investor Contact:
    Tom Colton and Alec Wilson
    Gateway Group, Inc.
    949-574-3860
    BYRN@gateway-grp.com

    -Financial Tables to Follow-

    BYRNA TECHNOLOGIES INC.
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
    (Amounts in thousands except share and per share data)
    (Unaudited)
                       
        For the Three Months Ended   For the Six Months Ended  
        May 31   May 31  
          2025       2024       2025       2024    
    Net revenue   $ 28,505     $ 20,269     $ 54,695     $ 36,923    
    Cost of goods sold     10,941       7,709       21,207       14,724    
    Gross profit     17,564       12,560       33,488       22,199    
    Operating expenses     14,238       10,647       28,466       20,450    
    INCOME FROM OPERATIONS     3,326       1,913       5,022       1,749    
    OTHER INCOME (EXPENSE)                  
    Foreign currency transaction loss     (135 )     (220 )     (215 )     (279 )  
    Interest income     116       323       303       604    
    Income from joint venture     –       62       –       20    
    Other income     18       2       17       3    
    INCOME BEFORE INCOME TAXES     3,325       2,080       5,127       2,097    
    Income tax expense     (898 )     (3 )     (1,038 )     (3 )  
    NET INCOME (LOSS)   $ 2,427     $ 2,077     $ 4,089     $ 2,094    
                       
    Foreign currency translation adjustment for the period     76       144       (54 )     29    
    Unrealized gain on marketable securities     17       –       77       –    
    COMPREHENSIVE INCOME (LOSS)   $ 2,520     $ 2,221     $ 4,112     $ 2,123    
                       
    Basic net income (loss) per share   $ 0.11     $ 0.09     $ 0.18     $ 0.09    
    Diluted net income (loss) per share   $ 0.10     $ 0.09     $ 0.17     $ 0.09    
                       
    Weighted-average number of common shares outstanding – basic     22,668,546       22,728,500       22,628,270       22,383,769    
    Weighted-average number of common shares outstanding – diluted     23,951,297       23,731,076       24,021,948       22,942,530    
     
    BYRNA TECHNOLOGIES INC.
    Condensed Consolidated Balance Sheets
    (Amounts in thousands, except share and per share data)
               
        May 31   November 30,  
          2025       2024    
        Unaudited      
    ASSETS          
    CURRENT ASSETS          
    Cash and cash equivalents   $ 7,001     $ 16,829    
    Marketable Securities     5,984       8,904    
    Accounts receivable, net     6,536       2,630    
    Inventory, net     32,286       19,972    
    Prepaid expenses and other current assets     3,931       2,623    
    Total current assets     55,738       50,958    
    LONG TERM ASSETS          
    Deposits for equipment     1,981       2,665    
    Right-of-use-asset, net     2,262       2,452    
    Property and equipment, net     6,844       3,408    
    Intangible assets, net     3,215       3,337    
    Goodwill     2,258       2,258    
    Deferred tax asset     4,797       5,837    
    Other assets     355       1,007    
    TOTAL ASSETS   $ 77,450     $ 71,922    
               
    LIABILITIES          
    CURRENT LIABILITIES          
    Accounts payable and accrued liabilities   $ 14,377     $ 13,108    
    Operating lease liabilities, current     652       539    
    Deferred revenue, current     335       1,791    
    Total current liabilities     15,364       15,438    
    LONG TERM LIABILITIES          
    Deferred revenue, non-current     15       17    
    Operating lease liabilities, non-current     1,935       2,098    
    Total liabilities     17,314       17,553    
               
               
    STOCKHOLDERS‘ EQUITY          
    Preferred stock     –       –    
    Common stock     25       25    
    Additional paid-in capital     134,739       133,029    
    Treasury stock     (21,308 )     (21,253 )  
    Accumulated deficit     (52,694 )     (56,783 )  
    Accumulated other comprehensive loss     (626 )     (649 )  
               
    Total Stockholders’ Equity     60,136       54,369    
               
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 77,450     $ 71,922    
               

    Non-GAAP Financial Measures

    In addition to providing financial measurements based on generally accepted accounting principles in the United States (GAAP), we provide an additional financial metric that is not prepared in accordance with GAAP (non-GAAP) with presenting non-GAAP adjusted EBITDA. Management uses this non-GAAP financial measure, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial performance. We believe that this non-GAAP financial measure helps us to identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we exclude in the calculations of the non-GAAP financial measure.

    Accordingly, we believe that this non-GAAP financial measure reflects our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business and provides useful information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding of our past performance and future prospects.

    This non-GAAP financial measure does not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP. There are limitations in the use of non-GAAP measures, because they do not include all the expenses that must be included under GAAP and because they involve the exercise of judgment concerning exclusions of items from the comparable non-GAAP financial measure. In addition, other companies may use other non-GAAP measures to evaluate their performance, or may calculate non-GAAP measures differently, all of which could reduce the usefulness of our non-GAAP financial measure as a tool for comparison.
             

    Adjusted EBITDA

    Adjusted EBITDA is defined as net (loss) income as reported in our condensed consolidated statements of operations and comprehensive (loss) income excluding the impact of (I) depreciation and amortization; (ii) income tax provision (benefit); (iii) interest income (expense); (iv) stock-based compensation expense, (v) impairment loss, and (vi) one time, non-recurring other expenses or income. Our Adjusted EBITDA measure eliminates potential differences in performance caused by variations in capital structures (affecting finance costs), tax positions, the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). We also exclude certain one-time and non-cash costs. Reconciliation of Adjusted EBITDA to net (loss) income, the most directly comparable GAAP measure, is as follows (in thousands):

          For the Three Months Ended   For the Six Months Ended  
          May 31   May 31  
            2025       2024       2025       2024    
    Net Income (Loss)   $ 2,427     $ 2,077     $ 4,089     $ 2,094    
                         
    Adjustments:                  
      Interest income     (116 )     (323 )     (303 )     (604 )  
      Income tax expense     898       3       1,038       3    
      Depreciation and amortization     252       165       437       335    
    Non-GAAP EBITDA   $ 3,461     $ 1,922     $ 5,261     $ 1,828    
                         
    Stock-based compensation expense     723       858       1,562       1,796    
    Severance/Separation/Officer recruiting     116           246       175    
    Non-GAAP adjusted EBITDA   $ 4,300     $ 2,780     $ 7,069     $ 3,799    
                         

    1 See non-GAAP financial measures at the end of this press release for a reconciliation and a discussion of non-GAAP financial measures.

    The MIL Network –

  • MIL-OSI: Award-Winning Producer Doug Grau to Spearhead Creation of American Rebel Productions, a New Content Arm of American Rebel Holdings, Inc.

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, TN, July 10, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), the creator of American Rebel Beer (americanrebelbeer.com) and a leading designer and marketer of branded safes, personal security products, and patriotic apparel, today announced plans to expand its brand platform through the formation of a new wholly owned subsidiary, American Rebel Productions, LLC.

    As part of this strategic initiative, the Company has entered into a professional services agreement with Award-winning producer and music industry veteran Doug Grau, who will serve as a strategic advisor to CEO Andy Ross. Grau will assist in developing a business strategy for the new division, which will focus on content creation and brand storytelling aligned with the Company’s patriotic mission. Upon formal establishment of the subsidiary, Grau is expected to serve as its initial President.

    Doug Grau, a veteran music industry executive and original co-founder of American Rebel Holdings, Inc., has played a key role in the Company’s early brand development and creative direction. His longstanding collaboration with CEO Andy Ross helped shape the Company’s identity as “America’s Patriotic Brand.”

    From Song to Brand: The Origin of American Rebel

    Grau and Ross have completed three albums together and have begun recording a fourth studio album. Ross’s three released albums – You Ain’t Seen Crazy Yet (2011), Cold Dead Hand (2013), and Time to Fight (2016) – benefited from Grau’s 40+ years of music industry experience. The first completed track for Time to Fight was the single “American Rebel,” a song that would become far more than just a title.

    The message and energy behind “American Rebel” were immediately recognized as more than a song – it was a mission statement. That moment sparked the founding of American Rebel Holdings, Inc. in 2014, grounded in the belief that the song embodied the values, spirit, and lifestyle of a patriotic American brand. The company was built around that vision, transforming a powerful anthem into a multifaceted business rooted in patriotism and the unwavering belief in chasing the American dream.

    Grau and Ross recently completed a new video for Ross’s single “I Stand For You.” The video was filmed during Ross’s recent concert celebrating the 250th birthday of the United States Army. Watch the video by clicking here.

    Doug Grau’s Industry Legacy

    Grau brings over four decades of experience in entertainment and media. He spent 15 years at Warner Bros. Nashville (1983–1998), where he was instrumental in developing the careers of artists such as Travis Tritt, Little Texas, David Ball, Jeff Foxworthy, and Bill Engvall. He also produced the original Blue Collar Comedy Tour LIVE CD featuring Foxworthy, Engvall, Larry the Cable Guy, and Ron White. In 2002, Grau produced the video and audio recording of the Statler Bros. Farewell Concert, which aired nationally on PBS and earned an RIAA Gold DVD award. He later published Statler Bros: Random Memories in 2008, co-written by founding members Harold and Don Reid.

    In conjunction with this transition, Grau has agreed to officially step down from his current roles as President and Interim Principal Accounting Officer of American Rebel Holdings, Inc. As planned, Darin Fielding will assume the role of Principal Accounting Officer, and Corey Lambrecht, the Company’s current Chief Operating Officer, will take on the additional role of President. These leadership changes are designed to align the Company’s executive structure with its strategic growth initiatives and operational priorities.

    Expanding the Brand Through Content

    American Rebel Productions will be tasked with developing original content that amplifies the Company’s patriotic identity and connects with its growing customer base. CEO Andy Ross emphasized the importance of this next phase:

    “We’ve always believed in the power of storytelling to build loyalty around the American Rebel brand. This planned new venture will allow me to continue working directly with Doug to leverage his exceptional talent and decades of experience in content creation. Together, we’ll amplify our message, elevate our brand, and ensure that everything we produce resonates deeply with our customers and reinforces the patriotic values at the heart of American Rebel.”

    Strategic Growth and Diversification

    The formation of American Rebel Productions reflects the Company’s broader strategy to diversify its revenue streams and deepen customer engagement. By leveraging media and entertainment, American Rebel Holdings, Inc. aims to enhance brand visibility and support the growth of its core product lines, including American Rebel Light Beer, branded safes, and patriotic apparel. In addition, the Company will continue to pursue strategic licensing opportunities that align with its brand values and expand its reach into complementary markets.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) is a designer, manufacturer, and marketer of branded safes, personal security and self-defense products, and patriotic apparel. The Company recently expanded into the beverage industry with the launch of American Rebel Light Beer. Learn more at americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the story behind American Rebel as told by CEO Andy Ross: The American Rebel Story

    Media Contact:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    Investor Relations: info@americanrebel.com| ir@americanrebel.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    The MIL Network –

  • MIL-OSI: GraniteShares Announces Weekly Distributions for its YieldBOOST ETFs: NVYY, TQQY, TSYY, XBTY, and YSPY

    Source: GlobeNewswire (MIL-OSI)

    New York, July 10, 2025 (GLOBE NEWSWIRE) — GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST ETFs: NVYY, TQQY, TSYY, XBTY, and YSPY, as shown in the table below.

    ETF Ticker ETF Name Distribution Frequency Distribution per Share Distribution Rate1,3 30-Day SEC Yield2 ROC4 Ex-Date & Record Date5,6 Payment Date7
    NVYY GraniteShares YieldBOOST NVDA ETF Weekly $ 0.5130 100.04 % 0.00 % 0.00 % July 11, 2025 July 15, 2025
    TQQY GraniteShares YieldBOOST QQQ ETF Weekly $ 0.1829 49.94 % 0.54 % 0.00 % July 11, 2025 July 15, 2025
    TSYY GraniteShares YieldBOOST TSLA ETF Weekly $ 0.2424 140.46 % 0.21 % 99.50 % July 11, 2025 July 15, 2025
    XBTY GraniteShares YieldBOOST Bitcoin ETF Weekly $ 0.4766 100.30 % 0.23 % 7.86 % July 11, 2025 July 15, 2025
    YSPY GraniteShares YieldBOOST SPY ETF Weekly $ 0.1935 50.09 % 0.91 % 0.00 % July 11, 2025 July 15, 2025

    Distributions are not guaranteed

    Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.graniteshares.com.

    1The Distribution Rate shown is as of based of the NAV per share as of July 09, 2025, adjusted for corporate actions. the Distribution Rate is the annual rate an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return to the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV adjusted for corporate actions.

    2The 30-Day SEC Yield represents the net investment income (excluding option income) earned by the ETF over the 30-day period ended June 30, 2025. It is expressed as an annualized percentage rate based on the ETF’s share price at the end of that period. This metric does not reflect the total income generated by the fund, as it excludes option premium income central to the YieldBOOST strategy.

    3Each GraniteShares YieldBOOST ETF seeks to generate income by selling put options on the underlying asset. While this strategy can generate attractive premiums, it generally caps the upside potential of the ETF. If the reference asset appreciates significantly, the ETF will not fully participate in those gains. However, if the reference asset declines in value, the ETF may experience losses that are not offset by the income received. Investors may be exposed to downside risk while forgoing upside participation.

    4ROC or Return of Capital indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates based on the latest 19a1 forms and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

    5Ex-Date: The first day an ETF trades without the right to receive the upcoming distribution 

    6Record Date: The cut-off date set by the company to determine which ETF holders are eligible to receive the distribution

    7Payment Date: Date on which the distribution is paid to eligible ETF holders.

    Fund shareholders are not entitled to any distribution paid by the Underlying ETFs.

    GraniteShares Advisors LLC has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (exclusive of any (i) interest, (ii) brokerage fees and commission, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses), (v) interest and dividend expense on short sales, (vi) taxes, (vii) other fees related to underlying investments (such as option fees and expenses or swap fees and expenses), (viii) expenses incurred in connection with any merger or reorganization or (ix) extraordinary expenses such as litigation) will not exceed 1.15%. This agreement is effective until December 31, 2025, and it may be terminated before that date only by the Trust’s Board of Trustees. GraniteShares Advisors LLC may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date such fees and expenses were waived or paid, if such reimbursement will not cause the Fund’s total expense ratio to exceed the expense limitation in place at the time of the waiver and/or expense payment and the expense limitation in place at the time of the recoupment.

    This website and its content have been provided by GraniteShares.

    Fund is newly launched and has risks associated with its limited operating history.

    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. Performance current to the most recent month-end can be obtained by calling (844) 476 8747.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a Prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or. Read the prospectus or summary prospectus carefully before investing.

    The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, Affiliated Fund Risk, Put Writing Strategy Risk, Option Market Liquidity Risk, Counterparty Risk, Distribution Risk, & NAV Erosion Risk Due to Distribution. These and other risks can be found in the prospectus.

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    An Investment in the Fund is not an investment in the Underlying ETFs

    – The Fund’s strategy will cap its potential gain if the Underlying ETFs share increases in value.
    – The Fund’s strategy is subject to all potential losses if the Underlying ETFs share decline, which may not be offset by the income received by the Fund,
    – The Fund does not invest directly in the Underlying ETFs,
    – Fund shareholders are not entitled to any distribution paid by Underlying ETFs.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from the returns.

    This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    THE FUNDS AREDISTRIBUTED BY ALPS DISTRIBIUTORS, INC. GRANITESHRES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

    ©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares ETFS, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    The MIL Network –

  • MIL-OSI: Duos Edge AI To Deploy Edge Data Centers in Corpus Christi

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., July 10, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), a provider of adaptive, versatile and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, today announced the upcoming deployment of two new EDCs in Corpus Christi, Texas. The deployment reinforces Duos’ rapid execution strategy in scaling next-generation edge infrastructure. Scheduled to be delivered at the end of July, the Corpus Christi EDCs will serve as central communications hubs for carriers delivering services to mobile operators, enterprises, local education, healthcare, and digital economy sectors while driving growth across the local market.

    In line with Duos Edge AI’s strategy to expand next-generation infrastructure in underserved and high-growth markets, the latest project in Corpus Christi demonstrates the Company’s ability to execute quickly and at scale. With seamless carrier integration and uninterrupted service, the initiative removes key hurdles to edge connectivity while accelerating service readiness for regional partners.

    “Our Corpus Christi project highlights the speed, precision, and value of our Edge AI model,” said Doug Recker, President and Founder of Duos Edge AI. “We’re delivering high-availability, localized computing power that enables fiber and network providers to scale efficiently and meet increasing demand at the edge. We are bringing a state-of-the-art EDC solution to Corpus Christi to enable the major communications carriers to have an even more robust solution to the Corpus Christi market.”

    The Corpus Christi deployment is part of Duos Edge AI’s 2025 plan to deploy 15 EDCs nationwide. With modular design, rapid deployment, and a focus on bridging the digital divide, Duos continues to unlock localized high-speed computing capacity in regions where it’s needed most.

    To learn more about Duos Edge AI, visit: www.duosedge.ai
    To learn more about Duos Technologies, visit www.duostechnologies.com

    About Duos Edge AI, Inc.

    Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI’s mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.

    Forward-Looking Statements
    This news release includes 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, regarding, among other things, our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4da67161-5133-40ea-b61e-fd497e698f47

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Melissa Debuts Listware® for ArcGIS Pro at Esri User Conference 2025

    Source: GlobeNewswire (MIL-OSI)

    RANCHO SANTA MARGARITA, Calif., July 10, 2025 (GLOBE NEWSWIRE) — Today Melissa brings its powerful data quality engine to one of the world’s most trusted GIS platforms with its Listware® for ArcGIS Pro. This tool puts powerful data cleansing and enrichment capabilities into the hands of GIS professionals, directly inside Esri’s ArcGIS Pro platform. It’s a major step forward for analysts, planners, and public agencies that depend on accurate contact data for emergency response, infrastructure planning, compliance, and community outreach. The tool is especially valuable for government agencies, utilities, public health officials, and any organization relying on contact data as part of its GIS workflows.

    A leading provider of global data quality and address management solutions, Melissa will demonstrate Listware for ArcGIS Pro at Booth #332 during the Esri User Conference in San Diego, July 15–17. Event attendees are invited to see live demos and explore how data quality can enhance every map, model, and mission.

    “A map is only as good as the data behind it, including the contact data tied to sophisticated geospatial analysis. Location is critical—but if the contact data tied to that location is wrong, the whole picture breaks down,” said Daniel Kha Le, Chief Data Officer at Melissa. “We designed Listware for ArcGIS Pro to make data quality easy and accessible, so GIS teams can trust what they see and act with confidence.”

    Listware for ArcGIS Pro enhances ArcGIS Pro with powerful tools for U.S. address verification, contact data cleansing, and enrichment directly within the GIS environment. Users can easily verify and standardize names, addresses, phone numbers, and emails, while appending geocodes, property data, and demographics—no exporting or external tools required.

    Key features include:

    • Real-time validation of U.S. and international addresses, names, phones, and emails
    • Integrated data enrichment, from rooftop geocoding to household demographics
    • Simple batch processing tools for improving data at scale
    • A fully native ArcGIS Pro experience (no exporting, no external tools required)

    To learn more about Melissa’s Listware for ArcGIS Pro, visit www.Melissa.com, or contact sales@Melissa.com. 

    About Melissa
    Powering clean customer data for 40 years, Melissa is the Address Expert. Providing address validation, address autocomplete, and geo-verified address data for 240+ countries, Melissa supports global businesses with its offices across five continents. Melissa’s suite of data quality, ID verification, and location data tools and services drives better decision-making, reduced costs, increased efficiency, and improved compliance. Our APIs, CRM and ecommerce integrations, and online tools help Melissa’s 10,000 customers worldwide process billions of addresses daily, fully capitalizing on the business value of customer data. For more information, visit www.Melissa.com or call 1-800-MELISSA (635-4772).

    Media contacts
    Greg Brown
    Vice President, Global Marketing, Melissa
    greg.brown@Melissa.com
    +1-800-635-4772 x1130

    MPoweredPR for Melissa
    pr@mpoweredpr.com
    +1-877-794-6777

    The MIL Network –

  • MIL-OSI: Ingersoll Rand Celebrates a Landmark Year in Sustainability and Growth in 2024

    Source: GlobeNewswire (MIL-OSI)

    DAVIDSON, N.C., July 10, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc. (NYSE: IR), a global leader in mission-critical flow creation and life science and industrial solutions, proudly announces its most impactful year yet in sustainability, innovation, and operational excellence. The company’s 2024 sustainability report, “Enabling Growth: Leading Sustainably with purpose,” highlights transformative progress and responsible business practices.

    Key highlights include:

    Sustainability leadership recognized globally

    • Ranked in the top 1% of the industry in the 2024 S&P Global Corporate Sustainability Assessment for the third consecutive year.
    • Named to the “A List” by CDP in the environmental stewardship and the supplier engagement leadership categories for the second year in a row.
    • Validated by the Science Based Targets initiative SBTi for Scope 1, 2, and 3 near-term and net-zero targets aligned to 1.5oC.1

    Environmental impact and operational excellence

    • Achieved 61% progress towards our SBTi validated Scope 1 and 2 greenhouse gas (GHG) emissions reduction goal of 42%.
    • Surpassed water reduction goal (-17%) with a 38% absolute reduction.
    • Achieved 74% progress toward our zero waste to landfill goal, which targets more than 50% of sites achieving zero waste to landfill.

    People-first culture and safety excellence

    • Achieved a total recordable incident rate (TRIR) of 0.54, 72% better than the industry average.2
    • Granted equity to approximately 3,900 employees through the company’s Ownership Works program. Since May 2017, more than 25,000 employees have received equity grants.
    • Maintained an employee engagement index score of 81, placing Ingersoll Rand in the top 10% of manufacturing companies.3

    “2024 was a milestone year for Ingersoll Rand,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “We proved that sustainability and growth are not only compatible but mutually reinforcing. Our commitment to sustainable innovation is accelerating value to customers, improving operational efficiency, expanding market opportunities, and delivering long-term value for shareholders.”

    Visit investors.irco.com to read the full 2024 Sustainability Report.

    1 Details on Ingersoll Rand’s validated targets are available on the SBTi dashboard: https://sciencebasedtargets.org/companies-taking-action#dashboard.
    2Per the U.S. Bureau of Labor and Statistics 2023 incidence rates of nonfatal occupational injuries and illnesses by industry and case types data set.
    3Employee Engagement Survey from third-party provider Glint, which administers the survey and provides comparable employee engagement survey figures.

    About Ingersoll Rand Inc.
    Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. Visit irco.com for more information.

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company” or “Ingersoll Rand”) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to,” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.

    These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates, or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events, or other events outside of our control; (2) unexpected costs, charges, or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory, and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.

    Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    Contacts:
    Investor Relations:
    Matthew.Fort@irco.com 

    Media:
    Sara.Hassell@irco.com 

    The MIL Network –

  • MIL-OSI: 180 Degree Capital Corp. Notes Business and Merger-Related Updates Including:

    Source: GlobeNewswire (MIL-OSI)

    • PRELIMINARY NET ASSET VALUE PER SHARE AS OF JUNE 30, 2025, OF $4.80
    • THE FILING OF AN UPDATED PRELIMINARY JOINT PROXY STATEMENT/PROSPECTUS FOR PROPOSED BUSINESS COMBINATION WITH MOUNT LOGAN CAPITAL INC.
    • PLAN TO SCHEDULE SHAREHOLDER CALL DURING WEEK OF JULY 14, 2025.

    MONTCLAIR, N.J., July 10, 2025 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) today announced its preliminary net asset value (“NAV”) per share as of June 30, 2025, of $4.80, which is an increase of approximately 8.6% from the prior quarter, and 3.4% year-to-date.

    180 Degree Capital also noted the filing of an amended preliminary joint proxy statement/prospectus on Schedule 14A with the Securities and Exchange Commission (“SEC”) on Wednesday, July 9, 2025, regarding its proposed merger with Mount Logan Capital Inc. (“Mount Logan”) in an all-stock transaction (the “Business Combination”). As noted in its original press release issued on January 17, 2025, the surviving entity is expected to be a Delaware corporation operating as Mount Logan Capital Inc. (“New Mount Logan”) listed on Nasdaq under the symbol “MLCI”. In connection with the Business Combination, 180 Degree Capital shareholders will receive proportionate ownership of New Mount Logan determined by reference to 180 Degree Capital’s net asset value at closing relative to a valuation of Mount Logan of approximately $67.4 million at signing, subject to certain pre-closing adjustments.

    In addition, Kevin Rendino and Daniel Wolfe plan to host a shareholder call during the week of July 14, 2025, to discuss the preliminary results from Q2 2025, and will be joined by Ted Goldthorpe, Chief Executive Officer of Mount Logan, to discuss the proposed Business Combination. The date and time of this call will be announced in a subsequent release as we gain greater clarity regarding the timing of our registration statement relating to the Business Combination being declared effective by the SEC.

    “We are proud of our performance during Q2 2025, that led to a material increase in NAV during the quarter and positive year-to-date performance,” commented Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “As we mentioned in our press release on June 27, 2025, our focus is on minimizing expenses and maximizing NAV heading into our proposed Business Combination. Our year-to-date net total return (increase in net asset value per share) of $0.16, or +3.4% compares favorably to the +1.1% total return of the Russell Microcap Index. We note that this increase in NAV and outperformance includes a material portion of the ultimate total expenses of the Business Combination that will occur. I also note that our NAV continues to be negatively impacted by legal expenses incurred as a result of efforts by certain shareholders to interfere our proposed Business Combination. Our gross total return of our public investments through the first six months of 2025 of approximately +16.0% compares very favorably to the -1.1% total return of the Russell Microcap Index. Q3 2025 has started similarly well, with continued strong performance of our investment portfolio leading to a NAV as of July 8, 2025, that is approaching $5.00 per share.”

    “As constructive activists, we spend a significant amount of time with our investee management teams and boards, as well as understanding the fundamentals of their businesses,” added Daniel B. Wolfe, President of 180 Degree Capital. “Through this work, we believed, and continue to believe, that there are material value creation opportunities for our holdings at least through the anticipated close of the Business Combination, subject to shareholder and regulatory approvals. While future returns may be different than those to date, we believe our performance year-to-date sets our shareholders up well to maximize NAV heading into the merger, and then the potential to build significant future value off that foundation as an operating company combined with Mount Logan.”

    Mr. Rendino concluded, “We believe we are close to completing the SEC review process, which will allow 180 Degree Capital to commence its efforts to seek shareholder approval for the Business Combination. We believe this proposed Business Combination is a unique opportunity for future value creation for all of 180 Degree Capital’s shareholders. In the meantime, we appreciate the questions, comments and continued strong support from our existing and new shareholders who share in our excitement for this next chapter.”

    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Additional Information and Where to Find It

    In connection with the agreement and plan of merger among 180 Degree Capital Corp. (“180 Degree Capital”), Mount Logan Capital Inc. (“Mount Logan”), Yukon New Parent, Inc. (“New Mount Logan”), Polar Merger Sub, Inc., and Moose Merger Sub, LLC, dated January 16, 2025, as it may from time to time be amended, modified or supplemented (the “Merger Agreement”) that details the proposed combination of the businesses of 180 Degree Capital and Mount Logan and any other transactions contemplated by and pursuant to the terms of the Merger Agreement (the “Business Combination”), 180 Degree Capital intends to file with the SEC and mail to its shareholders a proxy statement on Schedule 14A (the “Proxy Statement”), containing a form of WHITE proxy card. In addition, the surviving Delaware corporation, New Mount Logan plans to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will register the exchange of New Mount Logan shares in the Business Combination and include the Proxy Statement and a prospectus of New Mount Logan (the “Prospectus”). The Proxy Statement and the Registration Statement (including the Prospectus) will each contain important information about 180 Degree Capital, Mount Logan, New Mount Logan, the Business Combination and related matters. SHAREHOLDERS OF 180 DEGREE CAPITAL AND MOUNT LOGAN ARE URGED TO READ THE PROXY STATEMENT AND PROSPECTUS CONTAINED IN THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE APPLICABLE SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT 180 DEGREE CAPITAL, MOUNT LOGAN, NEW MOUNT LOGAN, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain copies of these documents and other documents filed with the applicable securities regulatory authorities free of charge through the website maintained by the SEC at https://www.sec.gov and the website maintained by the Canadian securities regulators at www.sedarplus.ca. Copies of the documents filed by 180 Degree Capital are also available free of charge by accessing 180 Degree Capital’s investor relations website at https://ir.180degreecapital.com.

    Certain Information Concerning the Participants

    180 Degree Capital, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the Business Combination. Information about 180 Degree Capital’s executive officers and directors is available in 180 Degree Capital’s Annual Report filed on Form N-CSR for the year ended December 31, 2024, which was filed with the SEC on February 13, 2025, and in its proxy statement for the 2024 Annual Meeting of Shareholders (“2024 Annual Meeting”), which was filed with the SEC on March 1, 2024. To the extent holdings by the directors and executive officers of 180 Degree Capital securities reported in the proxy statement for the 2024 Annual Meeting have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at https://www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the 180 Degree Capital shareholders in connection with the Business Combination will be contained in the Proxy Statement when such document becomes available.

    Mount Logan, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Mount Logan in favor of the approval of the Business Combination. Information about Mount Logan’s executive officers and directors is available in Mount Logan’s annual information form dated March 13, 2025, available on its website at https://mountlogancapital.ca/investor-relations and on SEDAR+ at https://www.sedarplus.com. To the extent holdings by the directors and executive officers of Mount Logan securities reported in Mount Logan’s annual information form have changed, such changes have been or will be reflected on insider reports filed on SEDI at https://www.sedi.com/sedi/. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Mount Logan shareholders in connection with the Business Combination will be contained in the Prospectus included in the Registration Statement when such document becomes available.

    Non-Solicitation

    This letter and the materials accompanying it are not intended to be, and shall not constitute, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

    Forward-Looking Statements

    This press release, and oral statements made from time to time by representatives of 180 Degree Capital and Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s and 180 Degree Capital’s current views about future events. Such forward-looking statements include, without limitation, statements about the benefits of the Business Combination involving Mount Logan and 180 Degree Capital, including future financial and operating results, Mount Logan’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the Business Combination, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, payment of dividends to shareholders of New Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite Mount Logan and 180 Degree Capital shareholder approvals; the risk that Mount Logan or 180 Degree Capital may be unable to obtain governmental and regulatory approvals required for the Business Combination (and the risk that such approvals may result in the imposition of conditions that could adversely affect New Mount Logan or the expected benefits of the Business Combination); the risk that an event, change or other circumstance could give rise to the termination of the Business Combination; the risk that a condition to closing of the Business Combination may not be satisfied; the risk of delays in completing the Business Combination; the risk that the businesses will not be integrated successfully; the risk that synergies from the Business Combination may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the Business Combination could have adverse effects on the market price of Mount Logan’s common shares or 180 Degree Capital’s common shares; unexpected costs resulting from the Business Combination; the possibility that competing offers or acquisition proposals will be made; the risk of litigation related to the Business Combination; the risk that the credit ratings of New Mount Logan or its subsidiaries may be different from what the companies expect; the diversion of management time from ongoing business operations and opportunities as a result of the Business Combination; the risk of adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Business Combination; competition, government regulation or other actions; the ability of management to execute its plans to meet its goals; risks associated with the evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions; natural and man-made disasters; civil unrest, pandemics, and conditions that may result from legislative, regulatory, trade and policy changes; and other risks inherent in Mount Logan’s and 180 Degree Capital’s businesses. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports, which 180 Degree Capital has filed or will file from time to time with the SEC and Mount Logan has filed or will file from time to time on SEDAR+.

    Neither Mount Logan nor 180 Degree Capital undertakes any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The references and link to the website www.180degreecapital.com and mountlogancapital.ca have been provided as a convenience, and the information contained on such websites are not incorporated by reference into this press release. Neither 180 Degree Capital nor Mount Logan is responsible for the contents of third-party websites.

    The MIL Network –

  • MIL-OSI: The Ned and Anita Goodman Joint Partner Trust and Jodamada announce filing of Early Warning Reports

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 10, 2025 (GLOBE NEWSWIRE) — The Ned and Anita Goodman Joint Partner Trust (the Trust) and Jodamada Corporation (Jodamada) announced that as part of a reorganization that has been carried out for family estate and financial planning purposes, the Trust distributed an aggregate of 647,379 Multiple Voting Class B Common Shares (Multiple Voting Shares) of Dundee Corporation (Dundee) to Ms. Anita Goodman, a beneficiary of the Trust, who then sold such Multiple Voting Shares to Jodamada pursuant to a share purchase agreement (the Reorganization). The aggregate consideration payable for the sale of the Multiple Voting Shares by Ms. Anita Goodman to Jodamada is C$1,670,237.82 or C$2.58 per Multiple Voting Share.

    Holding companies owned and controlled by Jonathan Goodman, David Goodman, Mark Goodman and Daniel Goodman (the Shareholders) equally own the equity shares of Jodamada. The Shareholders have entered into a unanimous shareholders agreement under which certain decisions are to be made unanimously by the directors of Jodamada, including with respect to the Class A Subordinate Voting Shares (the Subordinate Voting Shares) and the Multiple Voting Shares of Dundee held directly and indirectly by Jodamada (other than certain shares of Dundee held by Jodamada on behalf of two of the Shareholders, David and Mark, through tracking shares of Jodamada held by them). The tracking shares represent the proportionate agreed entitlement of the holders of the tracking shares to a certain number of Dundee shares held by Jodamada, and through those tracking shares each holder of such shares can request his proportionate number of Dundee shares be sold and the proceeds transferred to him. The other Shareholders must grant their approval for such a request, provided that the sale is to be done in accordance with the unanimous shareholders agreement and applicable securities rules. The unanimous shareholders agreement may only be amended, supplemented or otherwise modified by written agreement of all of the shareholders of the corporation.

    The trustees of the Trust are Jonathan Goodman, David Goodman, Mark Goodman and Daniel Goodman (the Trustees). All decisions on behalf of the Trust must be made by at least three of the four Trustees except in the event of a sale to a Trustee at which time the decision must be unanimous.

    Immediately prior to the Reorganization, Jodamada held an aggregate of 300,006 Subordinate Voting Shares and 2,439,204 Multiple Voting Shares, and the Trust held an aggregate of 2,595,462 Subordinate Voting Shares and 647,379 Multiple Voting Shares.

    Following the Reorganization, Jodamada holds an aggregate of 300,006 Subordinate Voting Shares and 3,086,583 Multiple Voting Shares, which represent 0.35% of the outstanding Subordinate Voting Shares and 99.10% of the outstanding Multiple Voting Shares, and collectively a 77.68% voting interest in the total votes represented by the outstanding Subordinate Voting Shares and Multiple Voting Shares taken together.

    Following the Reorganization, the Trust no longer holds any Multiple Voting Shares and holds an aggregate of 2,595,462 Subordinate Voting Shares, which represent 3.01% of the outstanding Subordinate Voting Shares and a 0.65% voting interest in the total votes by the outstanding Subordinate Voting Shares and Multiple Voting Shares taken together.

    Following the Reorganization, Jodamada and the Trust together hold an aggregate of 2,895,468 Subordinate Voting Shares and 3,086,583 Multiple Voting Shares of Dundee, which represent 3.36% of the outstanding Subordinate Voting Shares and 99.10% of the outstanding Multiple Voting Shares, and collectively a 78.33% voting interest in the total votes represented by the outstanding Subordinate Voting Shares and Multiple Voting Shares taken together.

    Jonathan Goodman owns, directly or indirectly an aggregate of 6,171,198 Subordinate Voting Shares, 720,000 stock options convertible into Subordinate Voting Shares, 407,308 Restricted Share Awards and 831,944 Deferred Share Units representing less than 2% of the voting interest in the total votes represented by the outstanding Subordinate Voting Shares and Multiple Voting Shares. David Goodman owns, directly or indirectly (including through his tracking shares in Jodamada) an aggregate of 2,252,225 Subordinate Voting Shares representing less than 2% of the voting interest in the total votes represented by the outstanding Subordinate Voting Shares and Multiple Voting Shares taken together. Mark Goodman owns, directly or indirectly (including through his tracking shares in Jodamada) an aggregate of 1,091,872 Subordinate Voting Shares, representing less than 2% of the voting interest in the total votes represented by the outstanding Subordinate Voting Shares and Multiple Voting Shares taken together.

    Each of the Trust and Jodamada holds its position in Dundee for investment purposes and disposed and acquired the shares, respectively, as part of the Reorganization in the course of its ongoing investment portfolio considerations. In the future, each of the Trust and Jodamada may, from time to time, increase or decrease its investment in Dundee through market transactions, private arrangements, treasury issuances or otherwise.

    Dundee’s head office is located at 80 Richmond Street West, Suite 2000, Toronto, Ontario M5H 2A4. The Trust’s and Jodamada’s head office is located at 45 St. Clair Ave. W., Suite 100, Toronto, Ontario, M4V 1K9.

    Early warning reports are to be filed in conjunction with this news release and will be available under Dundee Corporation’s SEDAR+ profile at www.sedarplus.ca.

    For further information and to receive a copy of such early warning report, please contact Jenny Skytta at (416) 488-8825.

    The MIL Network –

  • MIL-OSI: Experience.com Partners with Locafy to Redefine Local Digital Marketing in APAC

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, CA AND PERTH, AUSTRALIA, July 10, 2025 (GLOBE NEWSWIRE) — Experience.com, a global leader in customer experience, reputation management, and online visibility, today announced the appointment of Locafy Limited (Nasdaq: LCFY), a recognized innovator in location-based digital marketing, as its newest partner in the Asia-Pacific (APAC) region.

    Under the partnership agreement, Locafy will resell Experience.com’s advanced review management platform across APAC markets. The collaboration merges two highly complementary technologies—Locafy’s AI-driven local search optimization and landing page automation with Experience.com’s industry-leading online presence and reputation management software.

    The combined solution delivers an all-in-one platform that helps individual professionals and tradespeople elevate their online presence, strengthen trust with verified customer reviews, and drive meaningful consumer engagement—streamlining digital marketing into a single, unified experience.

    “Locafy’s technology is built to help professionals get discovered online—faster and more frequently,” said Scott Harris, CEO of Experience.com. “By partnering with Locafy, we’re extending our reputation and search visibility management capabilities to a broader APAC audience as part of a comprehensive local marketing solution. Together, we’re enabling businesses to grow their digital footprint, build trust, and convert more leads.”

    Locafy’s platform automates the creation of AI-optimized landing pages, manages local business listings, and enhances local search rankings through its patented Local Boost technology. With a database of over 1.2 million businesses in Australia alone, Locafy is uniquely positioned to accelerate the adoption of Experience.com’s solutions throughout the region.

    “Our focus is on building smart, scalable tools that empower small businesses and professionals to thrive in the digital economy,” said Gavin Burnett, CEO of Locafy. “By integrating Experience.com’s powerful platform with our local search technology, we’re delivering a first-of-its-kind product that combines visibility, credibility, and customer engagement—driven by automation and AI.”

    The APAC rollout will initially focus on service-based professionals and tradespeople aiming to increase inbound referrals, boost their online brand, and improve conversions through enhanced digital trust signals.

    This strategic partnership underscores both companies shared vision: to transform local digital marketing through innovation, automation, and AI-powered performance.

    About Experience.com
     A leader in the 2024 J.D. Power rankings, Experience.com caters to a wide-ranging target market, including both local professionals and multi-location brands seeking to fortify their online reputation through the power of AI and customer feedback.

    Our platform is designed to help businesses & professionals boost their experience excellence, harness the insights from customer feedback, and establish unwavering trust among their audience. We empower them to not only maintain an exceptional online reputation but also to leverage it as a tool for acquiring new business.
    Our versatile solutions resonate with businesses of all sizes, offering the means to excel in Customer Experience (CX), Employee Engagement (EX), and Reputation Management across various industries. Our Search Rank Platform also allows professionals and organizations to take control of their entire online presence from one platform, and climb the search ranks with our tailored tools.

    About Locafy
     Locafy (Nasdaq: LCFY, LCFYW) is a global software-as-a-service (SaaS) company specializing in local search engine marketing. Founded in 2009, Locafy aims to revolutionize the US$700 billion SEO sector by helping businesses improve visibility and search relevance in proximity-based searches. Its fast, easy, and automated platform is trusted by brands worldwide. Learn more at www.locafy.com.

    Investor Relations Contact
    Matt Glover
    Gateway Group, Inc.
    (949) 574-3860
    LCFY@gateway-grp.com

    The MIL Network –

  • MIL-OSI: CareCloud Emerges as a Top Gainer in Russell Microcap Index for Q2 2025 with 70% Quarterly Increase

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., July 10, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-powered healthcare technology and revenue cycle management solutions, today announced that its common stock rose approximately 70% during the second quarter of 2025, making it among the top gainers in the Russell Microcap® Index for the period.

    The Company was officially added to the Russell Microcap Index effective June 30, 2025, following the annual reconstitution of the Russell indexes. The inclusion and strong performance underscore CareCloud’s growing visibility and investor confidence in its strategic direction.

    “Our performance this quarter reflects growing investor confidence in our strategic direction, particularly as we accelerate AI innovation, re-engage in targeted acquisitions, and enhance our capital structure,” said Stephen Snyder, Co-CEO of CareCloud. “With a strengthened balance sheet, an expanding public float, and a renewed focus on delivering intelligent health solutions, we believe CareCloud is well positioned for long-term growth.”

    First Half 2025 Highlights:

    • Launched its new AI Center of Excellence
    • Resumed M&A activity targeting high-potential verticals
    • Completed conversion of 3.5 million Series A Preferred shares into Common Stock
    • Ended the quarter with over $10 million in cash
    • Added to the Russell Microcap Index

    The Company believes that these developments reflect CareCloud’s disciplined execution and position the Company for continued momentum into the second half of 2025.

    About CareCloud

    CareCloud, Inc. is a leading provider of healthcare technology solutions for medical practices and health systems. CareCloud’s comprehensive suite of revenue cycle, practice management, and patient engagement solutions is supported by emerging AI technologies to improve clinical and financial outcomes.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    Disclaimer

    This press release is for information purposes only and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, and the expected results from the integration of our acquisitions. Past operational or stock price performance is not an indication of future performance.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE: CareCloud

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com 

    The MIL Network –