NewzIntel.com

Category: Commerce

  • MIL-OSI USA: MAINE PUBLIC UTILITIES COMMISSION REMINDS GAS AND ELECTRIC UTILITY CUSTOMERS OF RIGHTS, RESPONSIBILITIES, AND ASSISTANCE PROGRAMS AS WINTER DISCONNECT PROTECTION PERIOD ENDS

    Source: US State of Maine

    April 15, 2025

    Hallowell, Maine– The Maine Public Utilities Commission (PUC) is reminding Maine gas and electric consumers that the winter disconnection protection period ends on April 15, 2025. Beginning on this date, utilities may resume disconnection activities for residential customers for nonpayment without prior approval from the Commission’s Consumer Assistance and Safety Division (CASD).

    From November 15 through April 15, electric and gas utilities are prohibited from disconnecting residential customers without express permission from the CASD, to ensure consumer protections during the coldest months of the year. However, beginning April 15 through mid-November, utilities are not required to seek CASD approval before proceeding with disconnection. They are, however, still required to follow Commission rules governing timely disconnection notices and procedures prior to terminating utility service.

    “This has been a challenging year for many Mainers due to continued high inflation and rising costs,” said Commission Chair Philip L. Bartlett II. We want to ensure consumers know that help is available to manage utility bills and avoid disconnection. The Commission strongly encourages anyone struggling to pay their bills to reach out for assistance.

    The PUC urges consumers to visit www.MaineElectricHelp.com for a list of state and local programs that can help households pay for utilities and reduce overall utility costs. These programs include fuel assistance, weatherization services, and arrearage management programs offered in partnership with utilities.

    If customers are unable to reach an agreeable payment arrangement directly with their utility, they are encouraged to contact the CASD. The CASD can work with both the utility and the customer to help establish a reasonable and affordable payment arrangement.

    Customers can reach the CASD at 1-800-452-4699 (Monday through Friday, 9 a.m. to 4 p.m.).

    For more information, visit www.maine.gov/mpuc.

    About the Commission

    The Maine Public Utilities Commission regulates electric, telephone, water and gas utilities to ensure that Maine citizens have access to safe and reliable utility service at rates that are just and reasonable for ratepayers and utilities, while also helping achieve reductions in state greenhouse gas emissions. Commission programs include Maine Enhanced 911 Service and safety programs. Philip L. Bartlett II serves as Chair, Patrick Scully and Carolyn Gilbert serve as Commissioners.

    CONTACT: Susan Faloon, Media Liaison CELL: 207-557-3704 EMAIL: susan.faloon@maine.gov

    MIL OSI USA News –

  • MIL-OSI USA: SBA Announces Full List of 2025 National Small Business Week Cosponsors

    Source: United States Small Business Administration

    WASHINGTON — Today, the U.S. Small Business Administration announced its cosponsors for the 2025 National Small Business Week, taking place May 4-10. SCORE, mentors to America’s small businesses and an SBA resource partner, will co-host this year’s National Small Business Week Virtual Summit, a free online event May 6-7 featuring more than a dozen cosponsors leading educational workshops, access to federal resources, and networking and mentorship opportunities.

    “SBA is grateful for the private-sector cosponsors who make National Small Business Week possible,” SBA Administrator Kelly Loeffler said. “Along with SCORE, these businesses are stepping up to deliver an informational and insightful week with important resources that will empower entrepreneurs to build their businesses. Their support helps us spotlight America’s job creators – who power our economy and strengthen local communities every day.”

    “The National Small Business Week Virtual Summit is an exciting opportunity for both aspiring and current small business owners to gain insights from experienced mentors and industry experts,” said SCORE CEO Bridget Weston. “As SCORE celebrates 60 years of providing valuable mentoring services to America’s small businesses, we are eager to share what we’ve learned with today’s entrepreneurs – wherever you are on your business journey.”

    An agenda for the National Small Business Week Virtual Summit will be published soon; registration is required. The following cosponsors lead the sessions:

    Platinum Level Sponsor

    Gold Level Sponsors

    • T-Mobile
    • Google

    Silver Level Sponsors  

    • Verizon
    • Paychex
    • U.S. Bank
    • Amazon
    • Constant Contact
    • Block
    • JP Morgan Chase

    Bronze Level Sponsors

    • Lockheed Martin
    • Worldpay

    The National Small Business Week Virtual Summit is part of SBA’s year-round efforts to leverage technology to reach small business owners in communities across America. An in-person, national award celebration will take place on May 5 in Washington, D.C., and local winners will be recognized at award events across the nation.

    Details on National Small Business Week, the virtual summit, registration and speakers are featured on National Small Business Week and will be updated as additional information and activities are confirmed. Local events will be featured on Find upcoming events and are identifiable by searching with #SmallBusinessWeek. 

    # # #

    About SCORE 

    SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, SCORE has provided education and mentorship to more than 11 million entrepreneurs. SCORE is a 501(c)(3) nonprofit organization and a resource partner of the U.S. Small Business Administration.

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    Cosponsorship Authorization #24-44-C. SBA’s participation in this Cosponsored Activity is not an endorsement of the views, opinions, products or services of any Cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.

    MIL OSI USA News –

  • MIL-OSI: Sidetrade reported a 22% increase in Revenue for Q1 2025, including a 26% rise in SaaS subscription.

    Source: GlobeNewswire (MIL-OSI)

    Robust bookings despite a challenging macroeconomic environment

    €2.77 million in Annual Contract Value (ACV) in Q1 2025

    • Including €1.28 million in new SaaS bookings (ARR)
    • And €1.49 million in Services bookings

    Solid revenue growth of +22%, driven by a +26% increase in SaaS subscriptions, reflecting strong recurring revenue momentum

    Double-digit sales growth confirmed for 2025, despite ongoing market uncertainty

    Sidetrade, the global leader in AI-powered Order-to-Cash applications, today announces €2.77 million in bookings for the first quarter of 2025, along with revenue growth of +22%, including a +26% increase in SaaS subscriptions.

    Olivier Novasque, CEO of Sidetrade commented:

    “While the start of the year has been shaped by an uncertain economic climate—particularly in the United States—we continue to deliver double-digit revenue growth quarter after quarter. In Q1, we commend the strong performance of our European bookings, reflecting solid commercial momentum among existing clients. This was driven by the adoption of new product modules and geographic expansion into new countries. This expansion within our installed base effectively offset the more cautious stance of decision-makers in the US market. Achieving a near-perfect balance (50/50) in our development model over the past three years—between bookings from Europe versus the United States on one hand, and new customer sales versus existing customer upsell on the other—has equipped us with the resilience to navigate more turbulent periods when one of these components temporarily falters. Looking ahead across all four quarters of fiscal year 2025, we are confident in our ability to maintain this equilibrium. Regarding Q1 revenue, our record bookings in 2024, combined with a revenue recurrence rate exceeding 90% and the contribution from SHS Viveon, has enabled us to achieve a strong growth of +22%, continuing the momentum from our standout 2024 performance.”

    €2.77 million in Annual Contract Value (ACV) in Q1 2025
    In the first quarter of 2025, Sidetrade delivered a solid performance, recording €2.77 million in Annual Contract Value (ACV) from new signed contracts, compared to €3.98 million in Q1 2024. It is important to note that Q1 2024 represented an exceptionally high comparison base, with triple-digit growth of +117%, nearing the Company’s all-time record of €4.1 million. While Q1 2025 marks a year-over-year decline of 30% against this particularly strong prior-year quarter, the performance remains robust in absolute terms and significantly exceeds the €1.83 million recorded in Q1 2023, representing a +51% increase over that period.

    During the quarter, strong performance in Europe—driven by existing customers and accounting for nearly 90% of total bookings—more than offset a more mixed performance in the United States. This European momentum was supported by the successful commercialization of new product modules, including CashApps and Augmented Invoice, the latter being dedicated to electronic invoicing. In North America, bookings contributed 15% of Q1 2025 total bookings. The region faced a more cautious investment environment, as key decision-makers adopted a wait-and-see approach regarding new project commitments.

    In addition, new SaaS bookings (New ARR) totaled €1.28 million, compared to €1.85 million in Q1 2024, while Services bookings totaled €1.49 million versus €2.13 million in Q1 2024.

    Sidetrade’s development model—balanced between North America and Europe, and between new customer acquisitions and upsells to the existing client base—provides the Company with strong resilience against short-term market imbalances. This quarter, solid expansion sales in Europe among existing customers ultimately enabled the Company to deliver a robust overall performance, despite a more challenging macroeconomic environment in the US.

    Solid revenue growth of +22%, driven by a +26% increase in SaaS subscriptions, reflecting strong recurring revenue momentum

    Sidetrade

    (€m)

    		 Q1 2025 Q1 2024 Change
    SaaS Subscriptions 12.1 (1) 9.6 +26%
    Revenue 14.3 (2) 11.8 +22%

    All the 2025 information in this financial release is from consolidated, unaudited data.
    (1) includes €1.35 million in recurring revenue from SHS Viveon
    (2) includes €1.90 million in total revenue from SHS Viveon

    Sidetrade recorded a very strong start to fiscal year 2025, posting revenue of €14.3 million for the first quarter, representing year-over-year growth of +22%.

    SaaS subscriptions reached €12.1 million in Q1 2025, reflecting year-over-year growth of 26%, including +12% on a like-for-like basis (excluding the integration of SHS Viveon). This sustained pace underscores the effectiveness of Sidetrade’s SaaS business model and its ability to efficiently convert bookings into recognized revenue.

    In the first quarter of 2025, Services revenue posted modest growth of +3%, reaching €2.2 million. On a like-for-like basis (excluding the impact of SHS Viveon), this represents a decline of -20%. This trend reflects a lower volume of new large-scale projects and more limited-service engagements related to SaaS subscriptions among existing clients.

    Sidetrade continued to expand its footprint with large multinationals. In Q1 2025, subscriptions from companies generating over €2.5 billion in annual revenue grew by 44%. For the first time, contracts from these large enterprises accounted for more than half of Sidetrade’s total subscription revenue, representing 53% of the total—underscoring the Company’s increasingly strong positioning within the large enterprise segment. This momentum is expected to remain a key growth driver in the coming quarters.

    The integration of SHS Viveon’s operations (effective as of July 1, 2024) contributed €1.9 million to Sidetrade’s revenue in the first quarter of 2025, accounting for 13% of the total quarterly revenue.

    It is important to note that all of Sidetrade’s multi-year contracts are systematically indexed to inflation—using the Syntec index for Southern Europe, the UK Consumer Price Index (CPI) for Northern Europe, and the U.S. CPI for the United States. This mechanism ensures that annual price adjustments are applied automatically to SaaS subscription fees in line with inflation trends, without the need to wait for contract renewal.

    Next financial announcement
    Annual General Meeting: June 18, 2025, 11:00 AM – 12:30 PM (France, Sidetrade headquarters)
    First Half Year Revenue for 2025: July 16, 2025 (after the stock market closes)

    Investor relations
    Christelle Dhrif                  00 33 6 10 46 72 00           cdhrif@sidetrade.com

    Media relations
    Becca Parlby                    00 44 7824 5055 84           bparlby@sidetrade.com

    About Sidetrade (www.sidetrade.com)
    Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform designed to revolutionize how cash flow is secured and accelerated. Leveraging its next-generation AI, nicknamed Aimie, Sidetrade analyzes $7.2 trillion worth of B2B payment transactions daily in its Cloud, thereby anticipating customer payment behavior and the attrition risk of 39.9 million buyers worldwide. Aimie recommends the best operational strategies, dematerializes and intelligently automates Order-to-Cash processes to enhance productivity, results and working capital across organizations.
    Sidetrade has a global reach, with 400+ talented employees based in Europe, the United States and Canada, serving global businesses in more than 85 countries. Amongst them: Biffa, Bunzl, Engie, Inmarsat, KPMG, Lafarge, Manpower, Page, Randstad, Saint-Gobain, Securitas, Tech Data, UGI, and Veolia.
    Sidetrade is a participant of the United Nations Global Compact, adhering to its principles-based approach to responsible business.

    For further information, visit us at www.sidetrade.com and follow @Sidetrade on LinkedIn.

    In the event of any discrepancy between the French and English versions of this press release, only the French version is to be taken into account.

    Attachment

    The MIL Network –

  • MIL-OSI: Community Savings Dominates BC Cannabis Banking — Celebrates 4/20 with Free Accounts, Bold Campaign, and Game-Changing Credit Access

    Source: GlobeNewswire (MIL-OSI)

    – BC’s largest cannabis banker with 233 businesses as part of its cannabis community has disbursed over $22M in commercial loans and working capital, expanded market share to 30%, and is rolling out its “We’re Not Your Usual Banking Joint – We’re Better” campaign to support additional sector growth

    VANCOUVER, British Columbia / Unceded Territories of the Musqueam, Squamish and Tsleil-Waututh Nations, April 15, 2025 (GLOBE NEWSWIRE) — Community Savings, BC’s largest cannabis-friendly credit union, is shaking up the system. As the first and only financial institution in the province to offer full-service banking, credit cards, and working capital to cannabis businesses, the credit union is marking 4/20 by celebrating its most significant milestones yet—and launching a bold new campaign: “Not Your Usual Banking Joint.”

    Mike Schilling, President & CEO, Community Savings says, “Legal cannabis entrepreneurs have been overcharged, overregulated, and overlooked. We’re putting money back in their pockets with smarter, fairer financial tools—because it’s long past the time the cannabis industry got treated like real businesses. We’re eliminating red tape and providing real financial support to help cannabis businesses scale and succeed. Over the last 6 years, we’ve made sure our cannabis members have the same banking privileges as any other industry. This community needs a financial partner that rolls at their speed and we’re here to deliver that.”

    Community Savings has been a fierce advocate for financial inclusivity in the cannabis sector, pushing back against outdated banking norms and championing tailored solutions that directly benefit businesses. Key achievements include:

    • Credit Cards for Cannabis? Finally.: In an industry where major banks still refuse basic services, Community Savings has stepped up—becoming the only institution to offer pre-approved credit cards to cannabis businesses. To date, 38 credit cards have been provided. This shift enables cannabis businesses to move beyond cash-only transactions, improving both security and scalability.
    • $22 million in commercial lending and working capital to the cannabis industry: In partnership with We Can Capital Inc, Community Savings has advanced funds against invoices from the BC Liquor Distribution Branch (BCLDB), Alberta Gaming, Liquor & Cannabis (AGLC), Manitoba Liquor and Lotteries (MBLL) and the Ontario Cannabis Store (OCS). This immediate cash liquidity helps accelerate production, secure better supplier terms, scale their business, and drive net financial gains.
    • Fueling the growth of BC’s cannabis industry: Community Savings now supports 233 legal cannabis businesses in BC with fair, stigma-free financial services. In just two years, it has grown its cannabis banking portfolio by 70% – a testament to the urgent need for accessible banking in the industry.
    • Fair, accessible banking for cannabis businesses: Community Savings offers its QUADs business account with the same transparent pricing as any other business. This is revolutionary in a space where traditional banks are charging cannabis retailers up to $7,500 just to open a chequing account – often refusing service outright or imposing fees that are 1,500% to 5,000% higher than those for other retail businesses. At Community Savings, the account opening fee is $0. That’s right – zero. By removing these financial barriers, Community Savings is making banking affordable and accessible to the industry.

    Community Savings’ latest campaign, ‘We’re not your usual banking joint – we’re better’ welcomes new cannabis businesses with waived application fees to its QUADs business account. With the QUAD account, cannabis businesses get access to fair and accessible banking products that help them scale and grow their business, and improve cash flows.

    For more information or to sign up for their chequing package, visit: https://www.comsavings.com/rollwithus

    Hear from the industry

    Regulatory roadblocks, cash flow headaches, and financial stigma have made running a cannabis business needlessly difficult. But for Randy Tingskou, President of A Little Bud, having the right financial partner has been a game-changer.

    “The cannabis industry is run on a pay to play model, where cash is often the only option, even for placing orders to BCLDB. This creates major barriers for retail businesses like ours looking to expand into new markets and open more storefronts. Community Savings actually fought to get us access to credit. Now we’ve shifted to credit payments for everyday expenses. This has been a game-changer in streamlining our operational costs and freeing up cash flow for growth,” Randy says. A Little Bud is opening its fourth location in Duncan in July.

    Another perspective comes from Joshua Reynolds, Director of Partnerships at We Can Capital, who has seen firsthand how the right financing tools can reshape the cannabis industry. “What Community Savings is doing isn’t flashy or new – it’s foundational. They’re giving businesses the tools to function like any other industry. That shouldn’t be revolutionary, but in cannabis, it is,” Joshua says.

    Through a partnership with Community Savings, We Can Capital is focused on expanding access to affordable accounts receivable financing for BC-based LPs, helping remove systemic barriers and creating a strong foundation for growth across the sector.

    About Community Savings:
    Community Savings Credit Union is driven by its purpose to unite working people to build a just world. As BC’s largest fully unionized credit union, Community Savings provides best-in-class personal and business banking. It is the largest provider of banking services to the BC cannabis industry of growers, producers, retailers and ancillary businesses, providing day-to-day banking, lending, and account receivables financing to support the growing sector.

    Community Savings operates seven branches across the Lower Mainland and Victoria and services its cannabis members province-wide. It lives by its values, from being the first financial institution to become a Living Wage employer in 2010 to winning the 2022 BCBusiness Business of Good Workplace Wellness Award for its innovative staff wellness programs. For more about Community Savings, visit www.comsavings.com.

    Media Contact
    Yulu Public Relations
    cscu@yulupr.com

    The MIL Network –

  • MIL-OSI Global: A small difference in how ratings are displayed can unintentionally mislead consumers

    Source: The Conversation – Canada – By Deepak Sirwani, Assistant Professor, UBC Sauder School of Business, University of British Columbia

    Ratings have become as crucial to purchasing decisions as factors like price, brand reputation or recommendations from family and friends (Shutterstock)

    Ratings are ubiquitous in today’s digital world. Platforms like Amazon, Yelp and Uber Eats bombard users with stars, numbers and symbols that can heavily influence consumer decision-making.

    Research suggests ratings have become as crucial to purchasing decisions as factors like price, brand reputation or recommendations from family and friends, especially in terms of online shopping. Even a small increase of 0.2 in a rating can boost sales by 30 to 200 per cent.

    However, not all rating formats are created equal. Consider two hotels, both rated 3.5 out of five stars. One hotel displays its rating as a visual image of three stars with a fourth partially filled, while the other just lists the numerical score “3.5.” Which one would you be more likely to choose?

    My recent research study with my co-authors found that the way ratings are displayed — as stars versus numbers — can shape consumer perceptions in subtle yet predictable ways. Visual star ratings, fractional ones in particular, tend to appear more appealing to consumers than their number rating counterparts.

    Stars versus number ratings

    We conducted a series of 12 experiments involving thousands of participants. In one, participants were asked to plot fractional numbers on an unmarked line; another tested how people visually process partially filled stars. In another experiment, respondents were given half ratings (like 1.5 or 2.5) and asked how they might round up or down, while another tested whether one format was more memorable than the other.

    We found that fractional star ratings (a visual image of three stars with the fourth partially filled) tend to be overestimated by roughly 0.12 points, meaning a 3.5-star rating feels more like 3.62. In contrast, numeric ratings (like “3.5”) are underestimated by about 0.05 points, making them feel close to 3.45.

    These biases stem from different cognitive processes. Fractional star ratings trigger the visual-completion effect, in which the brain instinctively tries to complete the image. When people see a half-filled star, their brains unconsciously perceive it as closer to a full star, effectively rounding the rating upward because it can’t resist filling in the missing piece.

    This process occurs automatically, without conscious awareness. This mental shortcut is a fundamental aspect of how humans see the world. It’s what allows people to recognize familiar faces behind masks, identify logos from partial images and interpret obscured road signs. When applied to product ratings, this natural tendency can lead consumers to overestimate a product or service’s true rating.

    Numeric fractions, on the other hand, trigger left-digit bias where the brain anchors on the leftmost digit — the three in 3.5 — causing perceptions to lean downward, instead of up.

    While these biases may seem small, they can significantly influence where consumers decide to eat, stay or shop.

    The ethical dilemma for marketers

    For businesses, star ratings can offer a subtle, often irresistible boost in perceived quality. Yet, exploiting this illusion comes with ethical implications.

    Inflated ratings might drive short-term sales, but they risk damaging consumer trust over time. Take, for example, a hotel boasting a four-and-a-half-star rating. Such a score sets expectations of near perfection, and when reality falls short, customer disappointment can lead to critical reviews. In the digital age, such reviews spread quickly, potentially causing long-term damage to a company’s reputation.

    Negative online reviews can have enduring detrimental effects on both sellers and platforms. Research indicates that negative reviews can significantly decrease consumer trust and purchase intentions. In one study, consumers who encountered just one negative review were 41.8 per cent less likely to buy a product compared to when no negative feedback was present.

    Transparency matters deeply in today’s marketplace. Marketers and online rating platforms should carefully consider how their rating designs might unintentionally mislead customers. Honest ratings build lasting trust; misleading ratings erode it.

    A call for rating standardization

    Our research has also identified practical solutions to the problem of misleading ratings. One simple yet effective approach is to use visually complete stars. Showing visually complete stars instead of partially filled ones dramatically reduces the tendency to round up. In fact, overestimation of fractional ratings was reduced by 86 per cent by replacing normal stars with visually complete stars.

    Another effective approach is to prioritize numeric ratings, which have smaller biases. A numeric rating might cause a consumer to dismiss a quality establishment because a 3.5 feels closer to three than four. While this might lead them away from genuinely good choices, this distortion is less impactful than the significant overestimation triggered by partial stars.

    Given how influential ratings are, standardization across platforms is crucial. Policymakers and industry bodies should consider establishing consistent standards, such as requiring visually complete stars or using numeric scores, to ensure fairness and transparency. This would enable consumers to make informed decisions and ensure businesses compete based on actual quality.

    Small visual illusions can drive big changes in behaviour, but by understanding and correcting these subtle biases, we can create a fairer digital marketplace. Clearer, standardized rating displays benefit everyone: consumers make better-informed choices, businesses are rewarded for genuine quality and platforms build lasting consumer trust.

    Next time you see a rating, pause for a moment and ask yourself: is this star rating nudging me toward an inflated expectation? Being aware of these subtle visual tricks can help you make better choices as a consumer and avoid disappointment.

    Deepak Sirwani does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. A small difference in how ratings are displayed can unintentionally mislead consumers – https://theconversation.com/a-small-difference-in-how-ratings-are-displayed-can-unintentionally-mislead-consumers-250985

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Minister for Enterprise, Tourism and Employment, Peter Burke announces Government approval to accelerate the development of a new whole-of-government Action Plan on Competitiveness and Productivity

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    15th April 2025

    The Minister for Enterprise, Tourism and Employment, Peter Burke today announced Government approval to accelerate the development of a new whole-of-government Action Plan on Competitiveness and Productivity, alongside a suite of immediate measures designed to bolster business resilience and support competitiveness

    We are living in a time of significant global change, marked by growing geopolitical tensions, trade uncertainties, and persistent cost pressures affecting businesses both large and small. While Ireland continues to perform strongly in international competitiveness rankings, we cannot be complacent. To safeguard our economic future and support our enterprises, we must act decisively on the domestic factors we can influence.

    Therefore, the Government has today agreed to fast-track the creation of a vital Action Plan on Competitiveness and Productivity, aiming to produce a draft within 12 weeks for discussion at a Ministerial Summit in July. This plan will identify concrete, actionable reforms across government to enhance our competitive edge.

    As part of this plan, we are implementing a range of immediate, targeted measures by May 2025. These actions focus on key areas including enhancing international trade promotion supports for firms facing disruption, addressing business costs through regulatory adjustments and targeted initiatives, and improving energy security and infrastructure delivery.

    I remain committed to the introduction of the Living Wage, and to fair wages for all workers. Government has approved substantial increases in the minimum wage, particularly over the last couple of years. The National Minimum Wage increased by €1.40 per hour in 2024, and by 80 cents per hour in January of this year. These uplifts have seen real increases in lower paid workers’ wages, exceeding inflation and wage growth across the economy.

    I want to make sure that any further increases in the National Minimum Wage are managed in a sustainable way, and in a way that does not threaten employment or competitiveness. I will make sure we find a balance between a fair and sustainable rate for low paid workers, and one that will not have significant negative consequences for employers and competitiveness.

    Government recognises the important work of the independent Low Pay Commission, and I look forward to receiving their recommendations for the 2026 National Minimum Wage later this year

    These combined efforts – the accelerated long-term plan and the immediate support measures – demonstrate our commitment to proactively managing challenges and maintaining Ireland as an attractive and competitive location for business.”

    Minister of State with responsibility for Small Business and Retail, Alan Dillon said:

    “Small businesses are the backbone of our economy and a vital source of jobs and innovation in every town and community across Ireland. In today’s complex global environment, it’s more important than ever that we provide them with the tools and support they need to thrive. The measures announced today — from enhanced trade supports to tackling the cost of doing business reflect a strong, targeted response to the real challenges entrepreneurs and retailers are facing on the ground.

    The establishment of a dedicated Small Business Unit and the creation of the Cost of Business Advisory Forum, will ensure the voice of small business is heard clearly in shaping future policy. As we fast-track the Action Plan on Competitiveness and Productivity, I am committed to making sure small firms are not only protected but empowered to grow, create jobs, and continue contributing to a vibrant, resilient economy.”

    Also welcoming the announcement, Minister Smyth – Minister of State for Trade Promotion, Artificial Intelligence and Digital Transformation commented:

    The rapidly evolving international economic landscape underscores the critical role of competitiveness in fostering sustainable growth within an open economy like ours. The upcoming Action Plan on Competitiveness and Productivity reflects the Government’s recognition of the need to address these challenges and its commitment to creating tangible growth opportunities for enterprises in Ireland.

    Ahead of the Action Plan, the introduction of short-term measures demonstrates the Government’s readiness to respond swiftly to emerging developments. I particularly welcome the initiatives aimed at bolstering Ireland’s international trade promotion. Diversifying our trade relationships will be essential to maintaining Ireland’s competitiveness on the global stage.

    Background:

    The Government’s focus on competitiveness comes amid a changing international context and heightened EU attention on bolstering Europe’s economic dynamism, as highlighted in recent reports and the European Commission’s ‘Competitiveness Compass’. While Ireland benefits from a skilled workforce and success in attracting high-value FDI, challenges remain, notably in infrastructure capacity and the high cost of doing business compared to competitor nations.

    The Programme for Government mandated the development of the Action Plan on Competitiveness and Productivity, intended to cover areas critical to Ireland’s economic performance including industrial policy, regulatory burden reduction, infrastructure, energy, trade, and innovation. By expediting this Plan, the Government aims to align key decisions with the upcoming Budgetary process, enabling swift implementation. The approach will be evidence-based, involving consultation across Government Departments and with stakeholders.

    In addition to accelerating the Action Plan, the Government has approved the following high-level short-term measures for implementation by May 2025:

    Enhancing International Trade Promotion: Actions will focus on implementing enhanced advisory supports for exporters facing disruption, accelerating progress on key international trade agreements like CETA, developing a strategic approach to market diversification, streamlining security clearance processes for exporters, and bringing forward a National Semiconductor Strategy.

    Addressing Business Costs: Measures include adjusting the implementation timeline for the Living Wage to 2029 but the Government remains committed to the introduction of a Living Wage during its term. Decisions on youth sub-minimum wage rates will be deferred, and further changes to statutory sick pay paused. A new Cost of Business Advisory Forum will be established, we will proceed with omnibus changes to simplify the CSRD regulations, a Small Business Unit will be created, and competition and consumer protection enforcement strengthened.

    Improving Energy Infrastructure: Steps will be taken to provide policy certainty regarding data centres, publish plans for connecting large energy users to the grid, foster collaboration between Government and industry on offshore renewable energy development, accelerate the deployment of critical electricity grid infrastructure, and explore options for development routes to market for zones B, C and D in South Coast DMAP to provide pathway for future offshore wind energy to meet growing electricity demand

    ENDS

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    MIL OSI Europe News –

  • MIL-OSI USA: Help shape the future of rail in Washington: Online open house and survey launches April 15

    Source: Washington State News 2

    A growing state needs a smart transportation future – rail is key

    OLYMPIA – Washington is growing – fast. In the next two decades, millions more people will call this state home and demand for efficient, sustainable transportation will be greater than ever. Highways are already congested, freight movement is critical to our economy and communities need safe, reliable ways to connect.

    That’s why the Washington State Department of Transportation is updating the State Rail Plan. To ensure residents across the state have a voice in this future, WSDOT is seeking public feedback on rail-related issues that are important to communities to help shape the plan update.

    “Rail is a vital part of Washington’s transportation system, moving people and goods efficiently while reducing congestion and emissions,” said Jason Biggs, director of WSDOT’s Rail, Freight and Ports Division. “Public input is essential in shaping a rail system that supports our communities, economy and the environment.”

    Feedback from these outreach activities will help inform the plan update, which will be submitted to state and federal leaders in early 2026.

    State Rail Plan online open house and survey information

    When:  April 15 – June 24, 2025 (available 24/7)

    Where:  Online at the Washington State Rail Plan online engagement site

    Details:  This is a self-guided online open house available 24/7 from Tuesday, April 15, through Tuesday, June 24, to obtain feedback on the State Rail Plan. Visitors can explore background materials on statewide rail planning efforts and complete a brief survey to share how they currently use the rail system and what they’d like to see in the future. Both the background information and the survey are available in several different languages, including: English, Spanish, Chinese, Korean, Vietnamese, Arabic, and Russian.

    Free internet access

    Free, temporary internet access is available to those who do not have broadband service in locations throughout the state. To find the nearest Drive-In WiFi Hotspot visit the Department of Commerce website at www.commerce.wa.gov/building-infrastructure/washington-state-drive-in-wifi-hotspots-location-finder/

    More ways to be involved

    In addition to the online open house, WSDOT will host several online webinars in May and June. These interactive sessions will give community members and interested partners the opportunity to learn more about passenger and freight rail topics, as well as ask questions and share ideas that will help shape Washington’s rail system. Register for the webinars on the online open house webpage.

    For ongoing future information, subscribe to receive email updates on the State Rail Plan and future engagement opportunities.

    MIL OSI USA News –

  • MIL-OSI USA: Bringing Broadband to Hardest to Serve Areas

    Source: US State of New York

    overnor Kathy Hochul today announced the launch of the ConnectALL Deployment Program Request for Applications (RFA) for Priority, Reliable, and Alternative Technology Solutions, a critical milestone in the multi-year process to secure affordable, reliable, high-speed internet service to the final remaining unserved and underserved locations across New York State. ConnectALL will accept applications from April 15 through May 5, 2025 to fund projects deploying traditional fiber optic, cable, hybrid fiber-coaxial, and licensed fixed wireless broadband service, and federally designated alternative technologies such as unlicensed fixed wireless and low earth orbit satellite services. Applicants can view the Request for Applications and submit a proposal by May 5, 2025 at 11:59 p.m. ET.

    “Today marks a watershed moment in New York’s digital future as we launch the final application phase of our historic ConnectALL Deployment Program,” Governor Hochul said. “Broadband is no longer a luxury — it’s essential infrastructure for education, healthcare, economic opportunity, and daily life. With this program, we are ensuring that every single New Yorker, regardless of their zip code or economic circumstances, will have access to high-speed internet. By leveraging innovative technologies to reach our most remote communities, we are fulfilling our commitment to create a more equitable and connected Empire State.”

    Empire State Development President, CEO, and Commissioner Hope Knight said, “Closing the digital divide in New York requires innovative approaches and strong partnerships between government and the private sector. This RFA represents the culmination of years of strategic planning and implementation to ensure that all New Yorkers have access to affordable, reliable broadband service. By embracing a range of technology solutions, including alternative options for our hardest-to-reach areas, we are demonstrating our commitment to leaving no community behind in the digital age.”

    The RFA is open for applications and information on the Project Areas and eligible locations is available on the ConnectALL website. Organizations that have not yet completed the prequalification process, which was conducted from June 2024 to February 2025, will have an additional opportunity to submit these materials as part of their RFA response.

    The Deployment Program is the component of the Governor’s ConnectALL Initiative that exclusively addresses locations in the state that have no option for reliable, high-speed internet service. The Program launched in December 2022 with a statewide mobilization to improve the accuracy of federal broadband maps. ConnectALL, along with federal, county, and local partners, have since secured commitments for service for thousands of homes and businesses that allowed the Deployment Program to focus on approximately one percent of locations in the state. Following an earlier RFA that focused exclusively on fiber optic and other reliable solutions, ConnectALL is currently reviewing proposals to serve more than half of those locations. The Request for Applications announced today focuses on the approximately 20,000 homes and businesses that have not yet received proposals, do not have other commitments in place, and cannot currently be connected by a standard installation from an earth-based broadband provider.

    ConnectALL will make the planned awards for the full $644 million in federal grants available for public comment upon submitting them to the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) for approval by the federally-mandated deadline of July 25, 2025. Pending NTIA approval, selected projects are expected to commence in 2025 with completion within four years.

    Governor Hochul’s ConnectALL Initiative

    Governor Hochul has made expanding broadband access a cornerstone of her administration’s efforts to create a more equitable New York. Through the ConnectALL initiative, New York State is investing $1 billion to transform the state’s digital infrastructure, enhance competition among providers, and ensure that every New Yorker has access to reliable, affordable high-speed internet. To date, ConnectALL has overseen the successful launch and implementation of several programs to advance broadband access, including:

    • The Digital Equity Program will invest $50 million, including a federal allocation of at least $37 million, to implement the New York State Digital Equity Plan to close the digital divide. On March 24, ConnectALL closed the Digital Equity Program Capacity Grant Request for Applications, through which ConnectALL expects to award approximately $15.5 Million of the federal allocation.
    • The Affordable Housing Connectivity Program will provide up to $100 million in grants to bring new broadband infrastructure to homes in affordable and public housing leveraging funds from the U.S. Treasury Department’s Capital Projects Fund. The first awards under this program are securing $10 a month broadband service and $30 a month Gigabit service for over 14,000 low-income households in Buffalo, New York City and Rochester. The program continues to accept applications from internet service providers and expressions of interest from housing owners and public housing authorities.
    • The Municipal Infrastructure Program will fund broadband expansion projects owned by a public utility or publicly controlled. ConnectALL is accepting applications to Phase 4 through April 25, 2025. To date, ConnectALL has awarded over $240 million through the program, funding construction of nearly 2,400 miles of broadband infrastructure that will reach 98,000 locations across New York State. Visit the ConnectALL Projects Dashboard for more information on Municipal Infrastructure Program projects.
    • The Connectivity Innovation Program advances innovation and new broadband solutions, business models, and technologies in order to increase private sector investment and entrepreneurship; drive equity and innovation in the broadband marketplace; and reinforce a thriving research, development, and manufacturing ecosystem to support connectivity innovation in New York. ConnectALL is accepting applications to the Connectivity Innovation – Mobile Service RFA through June 17, 2025.

    State Senator Kristen Gonzalez said, “As Chair of the Senate Internet and Technology Committee, I’m proud to support the launch of this next phase of the ConnectALL Deployment Program. I want to thank Governor Hochul for her continued commitment to ensuring every New Yorker, in every part of our state, can access affordable, high-speed internet.”

    Assemblymember Steve Otis said, “Difficult to reach locations present the greatest challenge to providing all New Yorkers high-speed broadband access. This is a noteworthy request for applications that invites innovative and alternative approaches to provide access to hard-to-reach locations and underserved communities. Governor Hochul and Empire State Development’s ConnectALL office are national leaders in the drive for broadband expansion by encouraging varied approaches that fit the situation. This Deployment program is another example of why New York’s programs continue to break new ground.”

    MIL OSI USA News –

  • MIL-OSI Africa: Critical Minerals Africa Group (CMAG) Appoints APO Group Founder, Nicolas Pompigne-Mognard, to Advisory Board

    Source: Africa Press Organisation – English (2) – Report:

    JOHANNESBURG, South Africa, April 15, 2025/APO Group/ —

    APO Group (www.APO-opa.com), the award-winning pan-African communications consultancy and leading press release distribution service, is pleased to announce that its Founder and Chairman, Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), has been appointed to the newly formed Advisory Board of the Critical Minerals Africa Group (CMAG).

    With its mission being to position Africa as a leader in critical minerals, CMAG (www.CMAGAfrica.com) is dedicated to advancing responsible sourcing and sustainable development of Africa’s critical mineral resources, while ensuring that local economies benefit from the continent’s mineral wealth. With approximately 40% of the world’s essential minerals reserves estimated to be held in Sub-Saharan Africa alone, the region plays a key role in the global energy transition and advanced technologies.

    Pompigne-Mognard’s appointment to the Advisory Board follows the announcement of a strategic partnership between APO Group and CMAG aimed at raising the global prominence of Africa’s critical minerals sector. The partnership leverages APO Group’s public relations and strategic communications expertise and CMAG’s industry leadership. Complementing this, Pompigne-Mognard’s ability to connect clients with key stakeholders from governments, private companies, and organisations of all sizes will be invaluable in showcasing Africa’s role in the global essential resources supply chain and elevating the profile of Africa’s critical minerals sector.

    Nicolas Pompigne-Mognard brings a wealth of experience and expertise to the CMAG Advisory Board. His vast network across industries, governments, and institutions, his deep understanding of Africa’s media and technology landscapes, and his extensive business experience will equip him to work alongside fellow Advisory Board members to shape positive perceptions of Africa’s critical minerals sector amongst global stakeholders and audiences.

    A Franco-Gabonese entrepreneur named among the 100 Most Influential Africans in 2023 and 2024, Nicolas Pompigne-Mognard serves on multiple high-profile advisory boards and international committees. These include the Senior Advisory Board of the Canada-Africa Chamber of Business and the Leadership Council of the Africa Tech Festival, as well as the Advisory Boards of the African Energy Chamber, World Football Summit, Africa Hotel Investment Forum (AHIF), Bloomberg New Economy Gateway Africa, Sports Africa Investment Summit, EurAfrican Forum, and All Africa Music Awards (AFRIMA). He is also a strategic advisor to the Chief Executive Officer of the Royal African Society of the United Kingdom, a strategic advisor to the EU-Africa Chamber of Commerce, and a special advisor to the President of Rugby Africa, the governing body of rugby in Africa.

    Nicolas’ wholly-owned company, APO Group, is the premier award-winning Pan-African communications consultancy and press release distribution service. It serves more than 300 clients, including global giants such as Canon, Nestlé, Western Union, UNDP, Network International, the African Energy Chamber, Mercy Ships, Marriott, Africa’s Business Heroes, and Liquid Intelligent Technologies.

    “Being appointed to the Critical Minerals Africa Group Advisory Board is an immense honour. CMAG is vital in safeguarding Africa’s critical minerals for future generations. In my advisory role, I look forward to supporting all initiatives as CMAG showcases Africa’s critical minerals potential in a responsible and sustainable manner,” said Nicolas Pompigne-Mognard, Founder and Chairman of APO Group.

    Other members of the Advisory Board include Natznet Tesfay, Executive Director, Head of Insights and Analytics, S&P Global, and Richard Morgan, Former Head of Government Relations, Anglo-American PLC.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Local groups welcome at Bilston Indoor Market’s new community stall

    Source: City of Wolverhampton

    The stall, in the centre of the market, is a designated place for local groups to raise awareness of projects, share information or organise fundraising.

    It is free for local organisations to use and has been funded by £3,000 from the UK Shared Prosperity Fund, delivered though the West Midlands Combined Authority (WMCA).

    This money follows significant Government funding secured by City of Wolverhampton Council to enhance the markets in Bilston. A £5.2 million redevelopment of the neighbouring outdoor market – which will also enhance the indoor market entrance – is underway.

    Local groups, schools, partnerships and charities are currently supported at the market with free stalls. However, these are usually allocated on an ad hoc basis, wherever is available.

    Thanks to the funding, the new community stall offers a specially designated unit which can be pre-booked and will also allow users to advertise in advance to residents.

    Pupils from St Thomas More in Willenhall hosted the stall with some Easter  themed products on Friday (11 April). Their attendance is one of a series being booked by the WMCA for schools and colleges who are part of the Black Country Careers Hub.

    The bookings, for special educational and mainstream schools and colleges in the Black Country, give young people the opportunity to make arts and craft items to sell, manage a stall for the day and provide students with day work experience.

    As well as schools, the market has supported a range of organisations and it is hoped the community stall will encourage others to come along and share their fundraising, information and awareness raising.

    Recent attendees at the market have included charities such as Royal British Legion Poppy Appeal, Air Ambulance and activities run by the Bilston Business Improvement District (BID).

    Stalls have also been used for public protection initiatives such as Friends Against Scams, Safeguarding Adults week, neighbourhood safety in partnership with police, Dementia action week and electric blanket testing.

    Councillor Obaida Ahmed, City of Wolverhampton Council’s cabinet member for digital and community, said: “This is a great new initiative for local community groups and organisations who would like to share messages or raise funds.

    “We want to support our local community and this dedicated, free stall at the centre of Bilston Indoor Market is a great way to do that. We have welcomed many groups to the market in the past and would like to encourage others to come along and share what they do with local people.

    “If you are a city charity, group or organisation, please get in touch to find out more information – we’d love to hear from you.”

    Councillor Jacqui Coogan, cabinet member for children, young people and education, said: “It was fantastic to see the students with the products they have made.

    “The community stall offers a wonderful opportunity for young people to learn about the world, gain valuable work experience and meet and chat with customers.

    “Our markets are friendly places with experienced traders. I hope the young people had a great time and learned a lot of new skills.”

    The new community stall is free for local groups, schools and other organisations to use and can be booked by contacting the markets team on 01902 555200 or by emailing markets@wolverhampton.gov.uk 

    MIL OSI United Kingdom –

  • MIL-OSI Security: Helena real estate agent convicted of felony and fined $150,000 for failing to provide lead-based paint disclosures for veterans residing in Fort Harrison rental housing

    Source: Office of United States Attorneys

    HELENA – A Helena real estate agent and property manager who admitted to failing to provide lead-based paint disclosures as required to veterans residing in housing at Fort Harrison, in Helena, which resulted in the exposure of veterans and their families to significant levels of lead, was sentenced yesterday to three years of felony probation and fined $150,000, U.S. Attorney Kurt Alme said.

    Melanie Ann Carlin, 54, of Clancy, pleaded guilty in November 2024 to one felony count of knowing endangerment.

    Mold Wranglers, Inc., a Kalispell-based company that provides hazardous material mitigation services was also sentenced yesterday to two years of probation, a $50,000 fine, and $348,000 in restitution to be paid to the U.S. Department of Veterans Affairs for filing false reports for payment to a federal agency, claiming an abatement of lead paint was done at Freedom’s Path Fort Harrison when it was not.  The company pleaded guilty to one count of False Claims Act Conspiracy in November 2024.

    Chief U.S. District Judge Brian Morris presided.

    “We take seriously the obligation to ensure the safety of our veterans and their families and will continue to work with our agency partners to hold accountable individuals like Melanie Carlin and businesses like Mold Wranglers who cut corners and jeopardize their safety in order to turn a profit. I want to thank AUSA Ryan Weldon for his work on this case, as well as the investigators from HUD, the VA, and the EPA,” U.S. Attorney Alme said.

    “Melanie Carlin engaged in dangerous behavior by failing to provide lead-based paint disclosures for housing units which resulted in low-income veteran families and their children unknowingly being exposed to significant levels of lead,” said Special Agent in Charge Machelle Jindra with the U.S. Department of Housing and Urban Development (HUD) Office of Inspector General (OIG).  “HUD OIG remains steadfast in its commitment to working with our prosecutorial, law enforcement, and oversight partners to aggressively pursue individuals who engage in activities that threaten the integrity of HUD programs and our most vulnerable community members.” 

    “The VA OIG is dedicated to ensuring that veterans and their families receive VA services in a safe environment,” said Special Agent in Charge Dimitriana Nikolov with the Department of Veterans Affairs Office of Inspector General’s Northwest Field Office. “This sentencing reinforces that those who do not uphold safety and integrity standards will be held accountable.”

    “The defendant placed our military veterans and their children in danger by callously disregarding reporting and disclosure requirements for lead-based paint in rental properties. Lead poisoning can have catastrophic effects on young children and pregnant women,” said Acting Special Agent in Charge Catherine Holston for EPA’s Criminal Investigative Division. “Today’s sentence sends a message that the agency will hold accountable anyone who places our military veterans and their children in harm’s way by violating our environmental laws.”

    The government alleged in court documents that from September 2019 until September 2021, Carlin failed to provide lead-based paint disclosures as required, placing an individual in imminent danger of death and serious bodily injury and exposing low-income veteran families and their children at Freedom’s Path Fort Harrison to significant levels of lead.

    Carlin is the owner of 406 Properties, Inc, a property management service in Helena, and has more than 26 years of professional real estate experience. In 2018, Carlin agreed to provide property management services for rental units known as Freedom’s Path Fort Harrison. The rentals included multiple homes for military veterans to use as affordable housing. In May 2019, Carlin received and forwarded an email from the Montana Department of Commerce requesting information detailing any lead-based paint remediation completed on the homes because the buildings were constructed before 1978. The buildings were constructed in approximately 1895 and 1905.

    Despite the email, in June 2019, Carlin signed two Request for Tenancy Approval Forms for the Fort Harrison rentals. Carlin selected “lead-based paint disclosures do not apply because this property was built on or after January 1, 1978” on the form. Carlin knew the selections were false and did not provide lead-based paint disclosures to veterans seeking residence at Freedom’s Path Fort Harrison.

    In September 2019, Carlin attended a meeting to discuss lead-based paint that was peeling at Freedom’s Path Fort Harrison. The meeting agenda identified “lead-based paint peeling in the units – doors won’t shut, paint peels when attempt to shut door” and veterans have identified “chipped paint” in the units. At this point, Carlin knew the buildings were built prior to 1978, and she knew deteriorating lead-based paint was located inside the buildings.

    Despite Carlin’s knowledge and extensive real estate experience, she continued to sign forms indicating that the units were free of lead-based paint, or they were built after 1978, none of which was true. In addition, Carlin continued to fail to provide lead-based paint disclosures to the veterans and their families residing in the units.

    The government further alleged that in December 2020, Carlin failed to provide a lead-based paint disclosure to a veteran of Freedom’s Path Fort Harrison. In September 2021, an 18-month-old child in the veteran’s home was found eating paint chips inside the unit. Subsequent medical testing confirmed the child had elevated blood lead levels exceeding levels considered to be “very high” and required treatment for lead poisoning. Lead poisoning can have catastrophic effects on children and their development, and Congress requires a warning about the effects of lead poisoning be given when individuals lease homes built prior to 1978.

    When interviewed by federal agents, Carlin agreed she was familiar with the requirement to provide lead disclosures and confirmed that no lead disclosures were provided to veterans living in units at Freedom’s Path Fort Harrison. A review of the rental units confirmed lead was present in almost every unit, including the building where the 18-month-old child was present. A subsequent property management company corrected the omission by making lead disclosures to the veterans.

    The U.S. Attorney’s Office is prosecuting the case. The Environmental Protection Agency’s Criminal Investigation Division, the U.S. Veterans Affairs Office of Inspector General, and U.S. Department of Housing and Urban Development Office of Inspector General conducted the investigation.

    XXX

    MIL Security OSI –

  • MIL-OSI: BexBack Launches 100x Leverage, No KYC, $50 Welcome Bonus and Double Deposit Rewards – Start Trading Today!

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to trade below $90,000 and analysts predict that the crypto market will remain volatile, holding spot positions may not generate short-term profits. Recent economic shifts, including policy announcements such as President Trump’s tariff decisions, have brought some stabilization, but the volatility remains. For investors seeking to maximize returns in these uncertain times, BexBack Exchange offers a powerful solution. With 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, BexBack empowers traders to seize market opportunities. And with no KYC requirements, it provides a seamless and efficient way to trade.

    100x Leverage: Make Doubling or Even 10x Gains in a Single Day Possible

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $60,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $63,000, your profit will be (63,000 – 60,000) * 100 BTC / 60,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and more than 50 other major altcoins. Headquartered in Singapore, with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a US MSB (Money Services Business) license and is trusted by over 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, and offers no deposit fees, along with exceptional customer service, including 24/7 support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC and 1M USDT in virtual funds, perfect for practicing leveraged trading without risk.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/79407705-26b3-4d2a-bfda-97c63787ef7f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/553f712e-f71c-4a4a-9819-e0c799ad1aa8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ca7f67e5-026e-4ff3-8382-70443dadc0a9

    https://www.globenewswire.com/NewsRoom/AttachmentNg/34e3583f-bf8f-4c28-82f5-80a782ee3f1f

    The MIL Network –

  • MIL-OSI: Panopto Appoints Stephen Laster as Chief Executive Officer

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, April 15, 2025 (GLOBE NEWSWIRE) — Panopto, the leading AI-powered video learning platform, today announced the appointment of Stephen Laster as Chief Executive Officer. A proven technology and product leader, Laster brings more than two decades of executive experience driving digital transformation and innovation across education and enterprise software.

    Laster joins Panopto from D2L, where he most recently served as President. His career spans senior leadership roles at McGraw-Hill Education, Ellucian, Harvard Business School, and Babson College where he has led large-scale teams, developed category-defining products, and built platforms that have redefined how millions of learners and professionals experience education. At Panopto, Laster will lead the company’s next chapter as it scales its platform and continues to enable AI-powered video across learning, training, and communication environments around the world.

    “Panopto is uniquely positioned at the intersection of video, knowledge management, and education,” said Laster. “I am thrilled to join a company with such a strong foundation, an exceptional team, and a powerful mission. As video becomes increasingly critical to how organizations learn and operate, Panopto is poised to play an even greater role in enabling success for its customers.”

    Panopto’s enterprise-grade, open platform is trusted by leading global institutions and organizations – including Duke University, Kimberly-Clark, Harvard University, HubSpot, Nikon, Oxford University, Qualcomm, and Stanford University – to harness video at scale for skill building, training, onboarding, compliance, and knowledge sharing. As a key player in the learning tech ecosystem, Panopto leads the way in leveraging AI, advanced search, and deep integrations to power the future of visual learning.

    “Stephen is a proven operator who combines deep technical expertise with a sharp focus on customer impact,” said Sejal Pietrzak, Executive Chair at Panopto. “His track record of building world-class technology organizations and his passion for delivering exceptional product experiences make him the ideal leader to guide Panopto into its next phase of growth.”

    With this appointment, Panopto continues its commitment to building industry-leading video technology that elevates how people learn and communicate in today’s digital-first world.

    About Panopto

    Panopto is a global leader in AI-driven video learning, revolutionizing how universities and enterprises capture, share, and expand knowledge. Trusted by 22 of the world’s top 25 universities and more than 1,600 organizations, Panopto’s advanced video management platform and innovative AI tools make it easy to transform text to video to create, store, manage, and deliver engaging, accessible learning experiences. Discover the future of video learning at Panopto.com

    Contact: 
    Alexis Borucke, VP of Marketing
    alexis.borucke@panopto.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96bb0880-f43e-486a-9935-0fd7da293e9b

    The MIL Network –

  • MIL-OSI China: Resilient Chinese economy injects certainty into the world amid rising protectionism

    Source: People’s Republic of China – State Council News

    Resilient Chinese economy injects certainty into the world amid rising protectionism

    BEIJING, April 15 — Despite headwinds of rising protectionism, increasing signals point to a good start for China’s economy for the first quarter (Q1) of 2025, injecting much-needed certainty and confidence into the world.

    The Chinese economic momentum is highlighted by domestic demand, industrial production and foreign trade, and driven by pro-growth policies, innovation, and structural adjustment.

    The Chinese government has prioritized such tasks as boosting domestic demand, developing new quality productive forces, implementing landmark reform measures, and expanding high-standard opening up, for this year.

    Foreign trade remains one of the bright spots for the largest developing country, whose Q1 goods trade volume hit a record high for the same period. Beating market expectations, China’s exports in Q1 grew by 6.9 percent. The resilience of foreign trade has been underpinned by its diversification of international markets and innovation-based competitiveness.

    Other figures also attest to the steady recovery trend, especially the upward trajectory since the final quarter of last year. The purchasing managers’ index of the manufacturing sector registered a one-year high in March and remained in expansion territory for the second consecutive month.

    In the first two months of this year, industrial production, consumption, and investment growth rates surpassed last year’s full-year figures. The domestic sales of excavators for major manufacturers grew by 28.5 percent in March, reflecting the momentum in infrastructure investment.

    Consumption is gaining new momentum because of the expanded large-scale equipment upgrade and consumer goods trade-in programs. The Q1 retail sales of refrigerators and other household appliances increased by 38.4 percent year on year, and those of mobile phones and other communication equipment increased by 27.3 percent, according to value-added tax invoice data from the State Taxation Administration.

    China’s new energy industries and green transition, driven by its cutting-edge technologies, remain important growth drivers. Green technology promotion services in energy conservation and environmental protection, as well as the sales revenue of the new energy vehicle manufacturing industry, all posted double-digit growth in Q1. Among the country’s innovation achievements, humanoid robotics and large artificial intelligence models have driven the development of relevant industries.

    Despite external challenges, China is determined to manage its own affairs well, advancing Chinese modernization and pursuing high-quality development while sharing with other countries the new opportunities presented by its development.

    Through reassuring messages from policymakers at multiple symposiums, conferences, and expos this year, confidence has been significantly strengthened in the private sector and among foreign investors. This could be seen from a year-on-year increase of 33.4 percent in border crossings by foreign nationals in Q1, and a record 65 Fortune Global 500 companies and industry leaders attending the ongoing fifth China International Consumer Products Expo in south China’s Hainan Province.

    The sustained economic growth in Q1 has laid a solid foundation for accomplishing the country’s annual economic growth target of around 5 percent for 2025. China will implement more proactive macro policies, introduce new incremental policies as needed, and ensure effective economic work in the second quarter and beyond, with intensified efforts across all tasks.

    With sufficient and effective policy tools, China has the confidence and capability to achieve this year’s economic and social development goals, tackle external uncertainties, and contribute certainty and stability to the world amid rising protectionism.

    MIL OSI China News –

  • MIL-OSI China: A glimpse of low-altitude economy zone at ongoing CICPE

    Source: People’s Republic of China – State Council News

    A glimpse of low-altitude economy zone at ongoing CICPE

    Updated: April 15, 2025 21:07 Xinhua
    A visitor experiences a passenger-carrying drone at the booth of EHang at the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 15, 2025. Slated from April 13 to 18, this year’s expo features dedicated exhibition zones for groundbreaking innovations in artificial intelligence (AI) and low-altitude economy for the first time. Making its debut this year, the low-altitude economy zone showcases electric vertical takeoff and landing (eVTOL) aircraft, flying cars, and drones. [Photo/Xinhua]
    A logistics drone loaded with goods and heading for Xuwen Port in Guangdong Province takes off outside the exhibition hall of the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 14, 2025. [Photo/Xinhua]
    An unmanned aircraft used for fighting fire in tall buildings is displayed at the low-altitude economy zone of the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 14, 2025. [Photo/Xinhua]
    A staff member introduces a product to a visitor at the booth of DJI at the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 15, 2025. [Photo/Xinhua]
    A staff member introduces an exhibit by Xpeng AeroHT at the low-altitude economy zone of the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 15, 2025. [Photo/Xinhua]
    People visit the low-altitude economy zone at the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 14, 2025. [Photo/Xinhua]
    People visit the low-altitude economy zone at the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 15, 2025. [Photo/Xinhua]
    People visit the booth of United Aircraft at the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 15, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI USA: Read More (Steube Introduces Family Business Legacy Act)

    Source: United States House of Representatives – Congressman Greg Steube (FL-17)

    April 15, 2025 | Press ReleasesWASHINGTON — U.S. Representative Greg Steube (R-Fla.) yesterday introduced the Family Business Legacy Act to bring parity to the tax code between estate and gift taxes.This bill will clarify the tax code for small and family-owned businesses after more than a decade of undue burdens and confusion. In 2010, the Internal Revenue Service exploited ambiguities in the law to try and impose a gift tax on donations to 501(c)(4) organizations. Congress responded by passing the Protecting Americans From Tax Hikes Act (PATH) in 2015 to roll back this overreach by the IRS. Ten years later, additional action is needed to prevent the IRS from potentially using the estate tax to penalize small and family-owned businesses. The Family Business Legacy Act solves this problem by establishing an estate tax deduction for contributions to 501(c)(4), (c)(5), and (c)(6) organizations to protect small and family-owned businesses from unfair gift taxation by the IRS. “Small and family-owned businesses do more than just create jobs. Their support to charitable organizations and causes represents the best of the American spirit,” said Rep. Steube. “Restoring parity between state and federal tax laws not only makes good business sense, but also reaffirms the critical role that small and family-owned enterprises play in our society. My bill will guarantee contributions to 501(c)(4), (c)(5), and (c)(6) organizations are no longer subjected to gift taxes.”Rep. Steube is co-leading this legislation alongside Representative Rich McCormick (R-Ga.).Supporting organizations include: National Taxpayers Union, Taxpayers Protection Alliance, Americans for Limited Government, American Commitment, Center for a Free Economy, Center for Individual Freedom, Consumer Action for a Strong Economy, Frontiers of Freedom, Small Business & Entrepreneurship Council, American Association of Senior Citizens, and 60 Plus AssociationCenter for a Free Economy“CFE applauds Congressman Steube for helping to simplify the estate and gift tax system. In 2015, Congress clarified that gifts to 501c4 and similar organizations will not count against a taxpayer’s gift tax exemption. A similar clarification for estates is now needed, and this bill provides certainty to family businesses hoping to carry on their legacy through bequests to the organizations of their choice. As a tax practitioner and enrolled agent, I appreciate Congressman Steube’s efforts to simplify the tax code and provide predictability to the small businesses that I work with.” –Ryan Ellis, President, Center for a Free EconomyConsumer Action for a Strong Economy “The Family Business Legacy Act strikes a balance between supporting small businesses and maintaining transparency in our tax system. By allowing donations to trusted nonprofit organizations without estate tax penalties, it empowers business owners to give back while preserving their long-term plans. Simplifying the tax code also benefits consumers by promoting stable, community-rooted enterprises.” —Matthew Kandrach, President, Consumer Action for a Strong Economy Family Business Coalition“The Family Business Legacy Act will simplify the current estate and gift tax laws to ensure that families are able to donate to organizations of their choice through gifts or bequests. While the 2015 PATH Act clarified that families may gift to 501c4, c5, and c6 organizations, similar clarification is needed for estates. We applaud Congressman Steube for working to streamline the tax code for family-owned businesses across the country.” —Palmer Schoening, Chairman, Family Business CoalitionNational Taxpayers Union“The Family Business Legacy Act is a much needed, commonsense reform that protects taxpayers from unnecessary complexity and unintended penalties. By clarifying that donations to 501(c)(4), (5), and (6) organizations don’t count against the estate tax exemption, it ensures fairness and supports civic engagement. Aligning gift and estate tax laws also streamlines planning, reducing burdens for hardworking families and small business owners alike.” —Brandon Arnold, Executive Vice President, National Taxpayers Union Small Business and Entrepreneurship Council “SBE Council is proud to support the Family Business Legacy Act which ensures that small business owners can support the causes that matter to them, without risking their estate tax exemption. By aligning gift tax laws with estate tax laws, the bill simplifies succession planning, making it easier for family businesses to prepare for the future. This clarity is essential for those looking to pass their businesses on to the next generation with confidence.” —Karen Kerrigan, President and CEO, Small Business and Entrepreneurship Council Taxpayers Protection Alliance“The Taxpayers Protection Alliance strongly supports Rep. Greg Steube’s Family Business Legacy Act, which would allow for an estate tax deduction for charitable contributions. Complying with current estate tax law costs American families billions of dollars per year and destroys intergenerational wealth building, forcing some families to sell assets. The FBLA creates much-needed parity between gift taxes and estate taxes, providing predictability and tax simplification for the next generation, while supporting taxpayers’ First Amendment right to donate to organizations they support.” —David Williams, President, Taxpayers Protection AllianceRead full bill text here.

    MIL OSI USA News –

  • MIL-OSI: LPL Financial Welcomes Tenacity Investment Group

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 15, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Steve Jones of Tenacity Investment Group has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving approximately $230 million in advisory, brokerage and retirement plan assets* and joins LPL from Raymond James.

    Based in Longmont, Colo., Jones, a 25-year industry veteran, founded Tenacity Investment Group in 2010 with the goal of offering his clients independent advice and a fiscal education that helps them better understand the complexities of their financial lives. He is supported by long-time operations manager Mindy Kennie, and together they manage their client base of individuals in or nearing retirement and their families.

    “Many of my initial meetings are three to four hours long because I truly believe in providing my clients with an understanding of the wealth management process and getting a clear picture of their financial goals,” Jones said. “Once I understand their near-and long-term goals, I work with them to create sound financial plans, employ responsible investment strategies, stay unwaveringly focused on their goals and make adjustments based on reason and necessity.”

    Looking to create an enhanced experience for his clients, Jones turned to LPL Financial.  

    “LPL impressed me from the start for several reasons, including their dedicated team of service advisors and overall size and scale,” Jones said. “But the biggest factor in choosing LPL is that they really understand and cater to independent advisors. With their service and support alongside their streamlined technology, I am confident this will help us provide a next-level client experience.”

    LPL Executive Vice President, Business Development Scott Posner said, “We welcome Steve and Mindy to the LPL community and are honored they turned to us to help elevate their practice. At LPL, we are deeply committed to helping businesses like Tenacity Investment Group by investing in robust, integrated technology capabilities designed to help advisors provide clients with differentiated experiences. We look forward to supporting Tenacity Investment Group for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to — run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Tenacity Investment Group and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #715453

    The MIL Network –

  • MIL-OSI: Zero Hash Powered $2 Billion+ in Tokenized Fund Flows within the Last Four Months

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) — Zero Hash, the leading infrastructure for stablecoins and crypto, today announced it powered more than $2 billion in tokenized fund flows within the last four months – fueling the rise of on-chain capital markets.

    As adoption of tokenized funds accelerates, Zero Hash has emerged as a core enabler of the on-chain markets ecosystem. Its infrastructure underpins the payment rails for tokenized funds, including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) in partnership with Securitize, as well as Franklin Templeton’s BENJI Token and the Hamilton Lane Private Infrastructure Fund (HLPIF) in partnership with Republic. Zero Hash facilitates compliant, real-time, 24/7/365 funding across seven stablecoins, underpinned by 22 blockchains.

    Tokenization has the potential to fundamentally reshape financial markets by enabling instant, always-on settlement. Traditional payment systems, however, aren’t designed to support this level of availability and remain a bottleneck. Stablecoins unlock the true utility of tokenized assets, including stable instruments, enabling them to move as flexibly as the blockchain allows. Zero Hash payment rails are an essential tool for institutions looking to unlock blockchain technology and enable completely on-chain transactions, from asset origination to redemption, without having to manage the complexities of accepting stablecoins.

    In his annual Letter to Investors, BlackRock Chairman and CEO Larry Fink wrote, “Every stock, every bond, every fund – every asset – can be tokenized. If they are, it will revolutionize investing. Markets wouldn’t need to close. Transactions that currently take days would clear in seconds. And billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy, generating more growth.” This vision is already in motion – and Zero Hash is powering the payment rails underpinning tokenized assets.

    “Tokenized finance is no longer theoretical. Institutions are deploying real capital to tokenization and need the payment infrastructure to match,” said Edward Woodford, CEO and Founder of Zero Hash. “Our rails enable fully on-chain transactions end-to-end, real-time, 24/7/365. Zero Hash abstracts the blockchain complexity and meets the regulatory standards required by the largest financial firms.”

    Zero Hash’s infrastructure is trusted by global businesses that require enterprise-grade stablecoin payment rails. This is because Zero Hash addresses two of the most pressing barriers to institutional adoption: regulatory compliance around source-of-funds transparency and technical complexity. Zero Hash’s abstracts away the complexity of multi-chain, multi-stable operations – allowing issuers to operate with the simplicity of account-to-account transfers, while their infrastructure handles the complexities behind the scenes.

    In less than four months, Zero Hash has facilitated over $2 billion in tokenized funding through partners including Securitize, Franklin Templeton, and Republic. The broader market reflects that momentum. The tokenized real-world asset (RWA) market grew ~85% year-over-year to hit $15.2 billion by the end of 2024. In the first quarter of 2025, another $5.44 billion was added – bringing total RWA value on-chain to $20.64 billion, as of April 11th (Source: rwa.xyz). Zero Hash’s on-ramped approximately 35% of all on-chain RWAs in Q1, solidifying its position as a foundational layer in the evolving capital markets stack.

    As institutional adoption deepens, Zero Hash continues to serve as the stablecoin infrastructure partner of choice for asset managers and platforms driving the future of financial services.

    About Zero Hash
    Zero Hash is the leading infrastructure provider for crypto, stablecoin, and tokenized asset settlement. Its embeddable, API-first platform enables regulated money movement across fiat, crypto, and stable instruments. Clients use Zero Hash to build solutions for cross-border payments, commerce, trading, remittance, payroll, tokenization, wallets, on/off-ramps, and more.

    Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    Zero Hash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company.

    Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.

    Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001. Zero Hash Australia Pty Ltd. is registered on the New Zealand register of financial service providers, with Financial Service Provider (FSP) number FSP1004503. Zero Hash Europe B.V. is registered as a Virtual Asset Services Provider (VASP) by the Dutch Central Bank (Relation number: R193684). Zero Hash Europe Sp. Zoo is registered as a VASP by the Tax Administration Chamber of Poland in Katowice (Registration number RDWW – 1212).

    Media Contact:
    Zero Hash
    Shaun O’Keeffe
    (855) 744-7333
    media@zerohash.com

    The MIL Network –

  • MIL-OSI: White River Bancshares Co. Reports Net Income of $2.63 million, or $1.07 Per Diluted Share, for the First Quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

    FAYETTEVILLE, Ark., April 15, 2025 (GLOBE NEWSWIRE) — White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income increased to $2.63 million, or $1.07 per diluted share, in the first quarter of 2025, compared to $509,000, or $0.26 per diluted share, in the first quarter of 2024. The Company reported net income of $1.83 million, or $0.75 per diluted share, for the prior quarter. All financial results are unaudited and all per share data has been adjusted to reflect the two-for-one stock split effected September 4, 2024.

    “Thanks to a solid start to the year, we produced the strongest first quarter earnings in our Bank’s history,” said Gary Head, Chairman and CEO. “Loan portfolio growth contributed to an increase in net interest income compared to the first quarter of 2024. This is exactly the kind of excitement I’ve been ‘banking on’ as we head into the second quarter and celebrate the Bank’s 20 year anniversary. I am confident in our team’s capability and enthusiasm to build upon this momentum for the rest of the year.”

    “Expanding our deposit base to fund new loan growth remains our top priority, and also our biggest challenge as a community bank,” said Scott Sandlin, Chief Strategy Officer. “The Company has made deposit gathering the primary focus and our team has done an excellent job of expanding existing client relationships as well as attracting new customers to the Bank. As a result, total deposits increased 9.9% during the first quarter of 2025 and 18.9% year-over-year. At quarter end, demand and non-interest bearing accounts represented 19.3% of total deposits, and savings and interest-bearing transaction accounts represented 38.0% of total deposits. We will continue to look for additional opportunities for growing deposits in the year ahead to keep up with loan demand.”

    First Quarter 2025 Financial Highlights:

    • Net income for the first quarter of 2025 increased to $2.63 million, or $1.07 per diluted share, compared to $509,000, or $0.26 per diluted share, in the first quarter of 2024.
    • Net interest income increased 32.0% to $10.6 million in the first quarter of 2025, compared to $8.0 million in the first quarter of 2024.
    • Net interest margin (“NIM”) increased 42 basis points to 3.39% in the first quarter of 2025, compared to 2.97% in the first quarter of 2024.
    • The Company recorded a $670,000 provision for credit losses in the first quarter of 2025, compared to a $550,000 provision in the fourth quarter of 2024, and a $648,000 provision in the first quarter of 2024.
    • Net loans increased 16.3% to $1.128 billion at March 31, 2025, compared to $969.7 million at March 31, 2024.
    • Nonperforming loans totaled $420,000, or 0.04% of total loans at March 31, 2025, compared to 0.18% a year ago.
    • Total deposits increased $190.7 million, or 18.9%, year-over-year, to $1.201 billion at March 31, 2025, compared to $1.010 billion at March 31, 2024.
    • Core deposits (demand and non-interest-bearing, and savings and interest-bearing transaction accounts, and CDs under $250,000) represent 70.25% of total deposits at March 31, 2025.
    • Total risk-based capital ratio estimates of 12.30%, Tier 1 ratio of 11.05%, and Leverage ratio of 9.35% for the Bank at March 31, 2025.
    • Tangible book value per common share was $40.33 at March 31, 2025, compared to $39.05 a year ago.

    Income Statement

    In the first quarter of 2025, the Company generated a return on average assets of 0.79% and a return on average equity of 10.64%, compared to 0.58% and 7.34%, respectively, in the fourth quarter of 2024 and 0.18% and 2.52%, respectively, in the first quarter of 2024.

    “Our strong loan growth and higher yields on interest earning assets contributed to the four basis point NIM expansion during the first quarter of 2025 compared to the prior quarter and the 42 basis point increase compared to the year ago quarter,” said Brant Ward, President. NIM was 3.39% in the first quarter of 2025, compared to 3.35% in the fourth quarter of 2024, and 2.97% in the first quarter of 2024.

    Net interest income increased 32.0% to $10.6 million in the first quarter of 2025, compared to $8.0 million in the first quarter of 2024. The increase was primarily due to year-over-year loan growth. Total interest income increased 23.6% to $19.8 million in the first quarter of 2025, compared to $16.0 million in the first quarter of 2024, primarily attributable to increased loans. Total interest expense increased to $9.2 million in the first quarter of 2025, from $8.0 million in the first quarter of 2024, primarily due to an increase in deposit costs.

    Noninterest income increased 22.7% to $1.9 million in the first quarter of 2025, compared to $1.6 million in the first quarter of 2024. The increase was primarily due to a $172,000 increase in wealth management fee income, the largest component of noninterest income, and a $72,000 increase in secondary market fee income during the first quarter of 2025.

    Noninterest expense was $8.4 million in the first quarter of 2025, compared to $8.3 million in the first quarter of 2024, as expenses have normalized following the investment in expanding the Company’s market presence over the past few years.

    Balance Sheet

    Total assets increased 17.2% to $1.379 billion at March 31, 2025, from $1.177 billion at March 31, 2024, and increased 7.0% compared to $1.290 billion at December 31, 2024. Cash and cash equivalents totaled $48.4 million at March 31, 2025, compared to $33.4 million a year ago. Investment securities totaled $135.0 million at March 31, 2025, an increase from $113.0 million at March 31, 2024.

    Loans, net of allowance for credit losses, increased 16.3% to $1.128 billion at March 31, 2025, compared to $969.7 million at March 31, 2024, and increased 6.0% compared to $1.064 billion at December 31, 2024.

    Total deposits increased 18.9% to $1.201 billion at March 31, 2025, compared to $1.010 billion at March 31, 2024, and increased 9.9% compared to $1.093 billion at December 31, 2024. Demand and non-interest-bearing deposits decreased less than 1% compared to March 31, 2024 while savings and interest-bearing transaction accounts increased 34.7% compared to March 31, 2024.

    FHLB advances were $21.6 million at March 31, 2025, compared to $36.9 million at March 31, 2024, and $43.7 million at December 31, 2024. Total stockholders’ equity increased to $100.5 million at March 31, 2025, compared to $79.4 million at March 31, 2024, and $96.6 million at December 31, 2024. Tangible book value per common share was $40.33 at March 31, 2025, compared to $39.05 at March 31, 2024, and $38.74 at December 31, 2024.

    Credit Quality

    Due to strong quarterly loan growth, the Company recorded a $670,000 provision for credit losses in the first quarter of 2025. This is compared to a $550,000 provision for credit losses in the fourth quarter of 2024, and a $648,000 provision for credit losses in the first quarter of 2024.

    There were $420,000 in nonperforming loans at March 31, 2025. This compared to $55,000 in nonperforming loans at December 31, 2024, and $1.7 million in nonperforming loans at March 31, 2024. Nonperforming loans represented 0.04% of total loans on March 31, 2025, 0.01% of total loans on December 31, 2024, and 0.18% of total loans a year ago.

    “We continue to take a prudent approach to building our allowance for credit losses by monitoring our portfolio mix and evaluating loan growth and local and national economic conditions to maintain what we believe to be an appropriate allowance,” said Jeff Maland, Chief Risk Officer. The allowance for credit losses was $13.3 million, or 1.17% of total loans, at March 31, 2025, compared to $12.8 million, or 1.19% of total loans, at December 31, 2024, and $12.1 million, or 1.23% of total loans, at March 31, 2024.

    Net loan charge-offs were $137,000 in the first quarter of 2025. This compared to net loan recoveries of $106,000 in the fourth quarter of 2024, and net loan recoveries of $21,000 in the first quarter of 2024.

    Capital

    The Bank’s capital ratios continued to exceed regulatory “well-capitalized” requirements, with a Total risk-based capital ratio estimate of 12.30%, a Tier 1 ratio of 11.05%, and a Leverage ratio of 9.35% for the Bank at March 31, 2025.

    About White River Bancshares Company

    White River Bancshares Company is the single bank holding company for Signature Bank of Arkansas, headquartered in Fayetteville, Arkansas. The Bank has locations in Fayetteville, Springdale, Bentonville, Rogers, Brinkley, Harrison and Jonesboro, Arkansas. Founded in 2005, Signature Bank of Arkansas provides a full line of financial services to small businesses, families and farms. White River Bancshares Company (OTCQX: WRIV), trades on the OTCQX® Best Market.  

    White River Bancshares Company and Signature Bank of Arkansas will celebrate its 20-year anniversary in May 2025.

    About the Region

    White River Bancshares Company is headquartered in thriving Northwest Arkansas in the Fayetteville-Springdale-Rogers MSA. The region is home to the corporate headquarters for Walmart Stores Inc, Sam’s Club, Tyson Foods, Simmons Foods, and J.B. Hunt Transport. Hundreds of other market-leading companies including Procter & Gamble, Johnson & Johnson, Coca-Cola and Rubbermaid maintain offices in the region in order to maintain their relationships with the locally based Fortune 500 companies. Northwest Arkansas is also home to the state’s flagship public educational institution, The University of Arkansas, and its Sam M. Walton College of Business. The region has seen significant growth in its medical and arts infrastructures with the continued expansion of Washington Regional Medical System, Northwest Medical System, Mercy Health System of Northwest Arkansas and Arkansas Children’s Hospital Northwest. Crystal Bridges Museum of American Art and the Walton Arts Center have led the expansion of the arts. Northwest Arkansas has been repeatedly recognized in recent years as one of the best places to live in the country and remains one of the nation’s fastest-growing regions. In May 2024, Walmart issued a relocation mandate requiring most of its remote employees, as well as most of its office workers in Dallas, Atlanta and Toronto to move to, in most cases, Bentonville by November 1, 2024. While the company did not disclose a number, Bloomberg reported that the number of Walmart employees who would be moving to Bentonville would be in the thousands. Walmart is making a major investment in its hometown facilities, building a new, 350-acre headquarters campus, including walking and biking trails, a hotel, fitness facilities and a large childcare center.

    The Company has expanded eastward, with new markets in Jonesboro and Harrison. Jonesboro, located in Craighead County, is a city located on Crowley’s Ridge in the northeastern corner of Arkansas. It is the home of Arkansas State University and the cultural and economic center of Northeast Arkansas. Jonesboro also houses the region’s hospital network. U.S. Steel Corp. announced that it would locate a new $3 billion steel factory in Northeast Arkansas in Osceola, a move expected to create 900 jobs with an average pay over $100,000 annually, making it the largest capital investment project in Arkansas history. Harrison sits below Branson, Missouri, which is a family tourist destination and outdoor recreation, and is well known as an entertainment destination.

    The Company currently operates out of ten locations; three in Washington County; three in Benton County; two in Monroe County; one in Boone County; and one in Craighead County.

    The housing market in Washington and Benton counties remains robust. According to the Northwest Arkansas Board of Realtors, the average home in Washington County sold for $390,000 in February 2025, with an average of 103 days on the market. For Benton County, the average house sold for $446,000, with an average of 108 days on the market.

    Source:
    http://www.nwarealtors.org/market-statistics/

    Forward Looking Statements

    This press release contains statements about future events. These forward-looking statements, which are based on certain assumptions of management of the Company and the Bank and describe our future plans, strategies and expectations, can generally be identified by use of forward-looking terminology such as “may,” “will,” “believe,” “plan,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or the negative of those terms. Our ability to predict results of future events and the actual effect of future plans or strategies are inherently uncertain, and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects or that could affect the outcome of such forward-looking statements include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; credit deterioration in our loan portfolio that would cause us to increase our allowance for loan losses; legislative or regulatory changes; technological developments; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of our loan and securities portfolios; demand for loan products in our market areas; deposit flows and costs of capital; competition; retention and recruitment of qualified personnel; demand for financial services in our market areas; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    Contact:   Scott Sandlin, Chief Strategy Officer
        479-684-3754
    WHITE RIVER BANCSHARES COMPANY
    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
                   
        For the Three Months Ended  
        March 31,   December 31,   March 31,  
         2025    2024    2024  
                   
    INTEREST INCOME              
    Loans, including fees   $ 18,315,006   $ 17,118,955   $ 14,994,922  
    Investment securities     1,258,571     1,300,977     929,040  
    Federal funds sold and other     232,978     262,856     96,154  
    Total interest income     19,806,555     18,682,788     16,020,116  
                   
    INTEREST EXPENSE              
    Deposits     8,312,455     7,963,925     6,984,793  
    Federal Home Loan Bank advances     393,057     300,137     520,319  
    Notes payable     475,425     396,899     398,017  
    Federal funds purchased and other     13,022     4,101     78,260  
    Total interest expense     9,193,959     8,665,062     7,981,389  
    NET INTEREST INCOME     10,612,596     10,017,726     8,038,727  
    Provision for credit losses     670,000     550,000     648,000  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   9,942,596     9,467,726     7,390,727  
                   
    NON-INTEREST INCOME              
    Service charges and fees on deposits     171,186     182,870     150,349  
    Wealth management fee income     1,017,829     1,035,160     845,506  
    Secondary market fee income     128,824     196,277     57,064  
    Bank owned-life insurance income     80,603     82,171     79,881  
    Gain on sales and write-downs of foreclosed assets     –     11,085     1,050  
    Other     544,141     535,284     449,255  
    TOTAL NON-INTEREST INCOME     1,942,583     2,042,847     1,583,105  
                   
    NON-INTEREST EXPENSE              
    Salaries and benefits     4,931,692     5,226,075     4,999,533  
    Occupancy and equipment     1,145,101     1,130,174     928,124  
    Data processing     858,115     806,411     790,569  
    Marketing and business development     397,137     518,628     463,697  
    Professional services     650,708     660,860     669,867  
    Amortization of other intangible assets     53,036     53,032     53,036  
    Other     393,498     445,998     403,836  
    TOTAL NON-INTEREST EXPENSE     8,429,287     8,841,178     8,308,662  
                   
    Income before income taxes     3,455,892     2,669,395     665,170  
    Income tax provision     826,085     834,444     155,942  
    NET INCOME   $ 2,629,807   $ 1,834,951   $ 509,228  
                   
    EARNINGS PER SHARE              
    Basic (1)   $ 1.07   $ 0.75   $ 0.26  
    Diluted (1)   $ 1.07   $ 0.75   $ 0.26  
                   
        (1)  Prior periods adjusted to give effect to stock split effected
    in the form of a dividend on September 4, 2024.    		  
                         
    WHITE RIVER BANCSHARES COMPANY  
    CONSOLIDATED BALANCE SHEETS  
    (Unaudited)  
                   
        March 31, 2025   December 31, 2024   March 31, 2024  
                   
    ASSETS      
    Cash and cash equivalents   $ 48,360,156     $ 22,149,012     $ 33,147,221    
    Investment securities     134,968,153       133,228,210       113,033,028    
    Loans held for sale     874,009       1,117,750       696,271    
    Loans     1,141,369,199       1,076,674,377       981,829,042    
    Allowance for credit losses     (13,347,855 )     (12,814,824 )     (12,113,099 )  
    Net loans     1,128,021,344       1,063,859,553       969,715,943    
    Premises and equipment, net     35,647,835       36,335,828       29,442,303    
    Foreclosed assets held for sale     310,406       310,406       640,574    
    Accrued interest receivable     6,629,881       6,035,084       4,966,665    
    Bank owned life insurance     9,859,911       9,779,307       9,534,373    
    Deferred income taxes     4,220,559       4,390,227       4,888,369    
    Other investments     6,782,614       8,421,651       7,548,338    
    Intangible assets, net     1,750,204       1,803,240       1,962,350    
    Other assets     1,825,830       2,080,346       1,323,255    
    TOTAL ASSETS   $ 1,379,250,902     $ 1,289,510,614     $ 1,176,898,690    
                   
    LIABILITIES & STOCKHOLDERS’ EQUITY      
    Deposits:              
    Demand and non-interest-bearing   $ 231,331,391     $ 214,838,920     $ 233,082,292    
    Savings and interest-bearing transaction accounts     456,733,576       429,293,348       339,042,365    
    Time deposits     512,882,444       448,909,115       438,110,170    
    Total deposits     1,200,947,411       1,093,041,383       1,010,234,827    
    Federal Home Loan Bank advances     21,593,143       43,667,559       36,887,028    
    Notes payable     26,141,832       26,124,556       26,337,909    
    Operating lease liability     20,029,714       20,851,721       16,128,536    
    Reserve for losses on unfunded commitments     1,478,000       1,478,000       1,433,000    
    Accrued interest payable     2,731,699       2,838,298       2,635,771    
    Other liabilities     5,798,159       4,919,715       3,868,383    
    TOTAL LIABILITIES     1,278,719,958       1,192,921,232       1,097,525,454    
                   
    Stockholders’ equity:              
    Common stock (1)     24,882       24,854       20,162    
    Surplus (1)     102,784,831       102,679,096       90,538,459    
    Retained earnings (accumulated deficit)     4,714,375       2,084,568       (3,115,687 )  
    Treasury stock, at cost     (1,265,731 )     (1,265,715 )     (1,119,100 )  
    Accumulated other comprehensive loss     (5,727,413 )     (6,933,421 )     (6,950,598 )  
    TOTAL STOCKHOLDERS’ EQUITY     100,530,944       96,589,382       79,373,236    
                   
      TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,379,250,902     $ 1,289,510,614     $ 1,176,898,690    
                   
         (1) Prior periods adjusted to give effect to stock split effected
    in the form of a dividend on September 4, 2024. 
                               
    WHITE RIVER BANCSHARES COMPANY
    SUPPLEMENTAL INFORMATION
                   
        (Unaudited)  
        Three Months Ended  
        March 31,   December 31,   March 31,  
         2025     2024     2024   
                   
    FOR THE PERIOD              
    Net income   $ 2,629,807     $ 1,834,951     $ 509,228    
    Net income before taxes     3,455,892       2,669,395       665,170    
    Dividends declared per share (1)     –       –       –    
                   
                   
    PERIOD END BALANCE              
    Total assets   $ 1,379,250,902     $ 1,289,510,614     $ 1,176,898,690    
    Total investments     134,968,153       133,228,210       113,033,028    
    Total loans, net     1,128,021,344       1,063,859,553       969,715,943    
    Allowance for credit losses     (13,347,855 )     (12,814,824 )     (12,113,099 )  
    Total deposits     1,200,947,411       1,093,041,383       1,010,234,827    
    Stockholders’ equity     100,530,944       96,589,382       79,373,236    
                   
                   
    RATIO ANALYSIS              
    Return on average assets (annualized)     0.79 %     0.58 %     0.18 %  
    Return on average equity (annualized)     10.64 %     7.34 %     2.52 %  
    Net loans/Deposits     93.93 %     97.33 %     95.99 %  
    Total Stockholders’ Equity/Total assets     7.29 %     7.49 %     6.74 %  
    Net loan losses/Total loans     0.01 %     -0.01 %     -0.00 %  
    Uninsured & unpledged deposits     31.00 %     31.78 %     30.22 %  
                   
                   
    PER SHARE DATA              
    Shares oustanding (1)     2,449,317       2,446,563       1,982,630    
    Weighted average shares outstanding (1)     2,446,747       2,446,241       1,983,378    
    Diluted weighted average shares outstanding (1)   2,451,161       2,446,471       1,983,378    
    Basic earnings (1)   $ 1.07     $ 0.75     $ 0.26    
    Diluted earnings (1)     1.07       0.75       0.26    
    Book value (1)     41.04       39.48       40.03    
    Tangible book value (1)     40.33       38.74       39.05    
                   
                   
    ASSET QUALITY              
    Net (recoveries) charge-offs   $ 136,970     $ (106,340 )   $ (21,195 )  
    Classified assets     853,745       494,828       2,657,273    
    Nonperforming loans     419,985       55,132       1,718,805    
    Nonperforming assets     730,391       365,538       2,359,378    
    Total nonperforming loans/Total loans     0.04 %     0.01 %     0.18 %  
    Total nonperforming loans/Total assets     0.03 %     0.00 %     0.15 %  
    Total nonperforming assets/Total assets     0.05 %     0.03 %     0.20 %  
    Allowance for credit losses/Total loans     1.17 %     1.19 %     1.23 %  
                   
                   
        (1) Prior periods adjusted to give effect to stock split effected
    in the form of a dividend on September 4, 2024. 
                               
    WHITE RIVER BANCSHARES COMPANY  
    INTEREST INCOME AND EXPENSE  
    (Unaudited)  
                                           
        Three Months Ended  
        March 31,   December 31,   March 31,  
         2025     2024     2024   
        Average       Average   Average       Average   Average       Average  
        Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate  
                                           
    Interest-earning assets:                                      
    Federal funds sold and other   $ 23,287,989   $ 232,978   4.06 %   $ 20,998,114   $ 262,856   4.98 %   $ 8,343,674   $ 96,154   4.63 %  
    Investment securities available-for-sale (1)     133,405,472     1,208,821   3.67 %     132,386,055     1,150,282   3.46 %     114,440,538     900,886   3.17 %  
    Loans receivable     1,106,648,533     18,315,006   6.71 %     1,018,919,798     17,118,955   6.68 %     960,808,253     14,994,922   6.28 %  
    Total interest-earning assets     1,263,341,994   $ 19,756,805   6.34 %     1,172,303,967   $ 18,532,093   6.29 %     1,083,592,465   $ 15,991,962   5.94 %  
    Noninterest-earning assets     81,821,189             81,203,717             70,720,928          
    Total assets   $ 1,345,163,183           $ 1,253,507,684           $ 1,154,313,393          
    Interest-bearing liabilities:                                      
    Interest-bearing deposits   $ 937,669,969   $ 8,312,455   3.60 %   $ 847,808,178   $ 7,963,925   3.74 %   $ 762,899,599   $ 6,984,793   3.68 %  
    FHLB advances and federal funds purchased   36,654,930     406,079   4.49 %     28,097,088     304,238   4.31 %     50,749,219     598,579   4.74 %  
    Notes payable     26,131,761     475,425   7.38 %     26,118,547     396,899   6.05 %     25,489,325     398,017   6.28 %  
    Total interest-bearing liabilities     1,000,456,660   $ 9,193,959   3.73 %     902,023,813   $ 8,665,062   3.82 %     839,138,143   $ 7,981,389   3.83 %  
    Noninterest-bearing liabilities     244,466,979             252,089,008             233,847,965          
    Total liabilities     1,244,923,639             1,154,112,821             1,072,986,108          
    Stockholders’ equity     100,239,544             99,394,863             81,327,285          
    Total liabilities and stockholders’ equity   $ 1,345,163,183           $ 1,253,507,684           $ 1,154,313,393          
    Net interest-earning assets   $ 262,885,334           $ 270,280,154           $ 244,454,322          
    Net interest spread       $ 10,562,846   2.62 %       $ 9,867,031   2.47 %       $ 8,010,573   2.11 %  
    Net interest margin           3.39 %           3.35 %           2.97 %  
                                           
         (1) Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).  
                                           

    The MIL Network –

  • MIL-OSI: Roth Canada Opens Calgary Office, Bolsters Energy and Sustainability Practice with Senior Investment Banking and Research Hires

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — via IBN — Roth Canada, Inc. (Roth Canada), the Canadian affiliate of Roth Capital Partners LLC, (collectively “ROTH”), announces today the expansion of its Energy and Sustainability teams with the addition of Tony Loria as Managing Director, Co-Head Investment Banking; Matt Halasz as Managing Director, Investment Banking; and Zain Sadek as Analyst, Investment Banking. In addition, Roth Canada has added Jamie Somerville and Christopher True as Managing Directors, Senior Research Analysts, to its Calgary office. These strategic additions reinforce our commitment to supporting Canadian growth equity companies with full-service investment banking capabilities, access to international investors, and providing institutional clients with research-driven ideas.

    Ted Roth, Vice-Chairman of ROTH and CEO of Roth Canada, noted, “ROTH has a track record of over 30 years supporting growth-stage companies across many sectors and is a leading underwriter in the small and mid-cap space. Our Energy and Sustainability practices have been core to our business, supported not only by our banking, research, and sales capabilities in the United States, but also by our international distribution and leading corporate access activities. We are committed to leveraging this platform in support of Canadian issuers, investors, and stakeholders.”

    Additions to Roth Canada’s Investment Banking:

    Tony Loria has joined Roth Canada as Managing Director, Co-Head Investment Banking, bringing over 25 years of experience in the industry. Throughout his career, he has built and managed multiple banking franchises while advising a global client base on corporate finance, M&A, strategy, and innovation. Based in Calgary, Alberta, Tony specializes in the upstream small and mid-cap Energy sector and has led multiple investment banking franchises, including Genuity, Canaccord Genuity, Dundee Securities, and Eight Capital. At Eight Capital, he played a pivotal role in expanding the firm’s presence in the Sustainability and New Energy sectors, establishing it as a cornerstone asset.

    Matt Halasz has joined Roth Canada as Managing Director, Investment Banking, bringing nearly 15 years of experience in the investment banking industry. Known for his leadership, strategic thinking, and financial expertise, Matt oversees key client relationships and leads complex financial transactions across the oil & gas, energy, and sustainability sectors. Before joining Roth Canada, he worked at several leading full-service, independent investment dealers, gaining a deep understanding of capital markets.

    Zain Sadek has joined Roth Canada as Analyst, Investment Banking, bringing three years of experience in strategic and financial advisory services. Previously, he worked as an investment banker at a prominent independent Canadian investment bank, where he supported clients in the Energy and Sustainability sectors. Before that, Zain served as a management consultant at a leading global advisory firm.

    Additions to Roth Canada’s Research Team:

    Jamie Somerville has joined Roth Canada as Managing Director, Senior Research Analyst. Jamie has over 20 years of energy finance experience. He was most recently an equity research analyst at Eight Capital, and was previously at TD Securities from 2010-2015, and at Genuity Capital Markets from 2006-2010, where he was a Brendan Woods-ranked and StarMine award-winning analyst. He has also worked in executive and senior management positions for multiple publicly listed oil and gas companies.

    Christopher True has joined Roth Canada as Managing Director, Senior Research Analyst. Christopher has 6 years of sell-side equity research experience covering energy stocks for Eight Capital and CIBC World Markets. Before that, Christopher worked in the acquisitions and growth group at a leading Canadian oil and gas royalty company. Christopher graduated from the University of Calgary with a Bachelor of Commerce from the Haskayne School of Business.

    “It is with a great deal of excitement that we announce the opening of our Calgary office, and the addition of Tony, Matt, Zain, Jamie, and Christopher,” said Brady Fletcher, President of Roth Canada. “We launched in Canada to support Canadian companies providing strategic advisory and access to capital by leveraging ROTH. Having top talent like Tony and his team recognize that opportunity continues to demonstrate the demand for our platform, and access to a differentiated network of investors, in the Canadian market.”

    About Roth Canada, Inc.

    Roth Canada, Inc. is a Canadian CIRO-regulated Dealer Member focused on serving emerging Canadian growth companies and their investors. Roth Canada is headquartered in Toronto and maintains offices in Calgary and Vancouver. For more information on Roth Canada, please visit www.rothcanada.ca.

    Investor Contact:

    Roth Canada, Inc.
    Brady Fletcher
    President
    bfletcher@rothcanada.ca

    ROTH – Member FINRA/SIPC – www.roth.com
    Roth Canada – Member CIRO/CIPF – www.rothcanada.ca

    Media Contact:

    IBN
    Los Angeles, California
    www.InvestorBrandNetwork.com
    310.299.1717 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: EnerPure Announces Appointment of New President and CEO, Rick Koshman

    Source: GlobeNewswire (MIL-OSI)

    Winnipeg, MB, April 15, 2025 (GLOBE NEWSWIRE) — EnerPure Inc. (“EnerPure” or the “Company”), a recycling and energy transition company, is pleased to announce that it has appointed Rick Koshman as President and Chief Executive Officer (“CEO”). This planned leadership transition marks a key milestone for EnerPure as it shifts focus from technology development to commercial growth and large-scale deployment. Rick will also join EnerPure’s Board of Directors.

    Rick’s skill set aligns extremely well with the Company’s deliverables and objectives with his in-depth understanding and experience in engineering, construction and project management, operational excellence, and safety in the energy sector. These skills, combined with his leadership pedigree and corporate development background, made him the Company’s preferred candidate and will help ensure that EnerPure capitalizes on the tremendous opportunity ahead.

    “EnerPure is now at a critical inflection point thanks to the dedication of our current and former employees, board members and professional advisors. I have always been amazed by the high calibre of talent and outstanding individuals we have been able to attract and are very appreciative of their amazing contributions to date.” commented Todd Habicht, Founder and former CEO, who now transitions to Executive Chairman. “Rick’s depth of experience and alignment with our mission make him the ideal leader for this next chapter. I look forward to supporting him in my new role as we drive EnerPure into widespread commercial deployment.”

    “I’ve long admired what Todd and the EnerPure team have developed – a clean, elegant solution to a global problem with real potential to scale,” said Rick Koshman. “I’m honoured to join the team to advance the company through its next phase of growth and to help unlock the enormous opportunity ahead, starting right here in Canada.”

    The Company undertook an extensive search process to identify a new CEO, with Heidrick & Struggles (“H&S”), a leading international executive search firm, and were very impressed by the talent identified and the number of individuals that expressed an interest in leading EnerPure into the future. EnerPure would like to thank both the H&S team, led by Sean McLean, and the numerous candidates who expressed an interest in working with the Company.

    About Rick Koshman

    A seasoned energy executive with over 25 years of experience, Rick has a strong track record of delivering value across operations, project execution, and corporate development. He has led the successful delivery of over $5 billion in infrastructure projects across Canada, the U.S., and Central Asia through senior roles at Keyera Corporation, Athabasca Oil Corporation, and Canadian Natural Resources Limited.

    Rick is known for building high-performing teams and leading large-scale industrial projects from concept to operation. He has transformed multiple corporate project delivery groups by implementing best-in-class processes and fostering a strong culture of accountability and performance. In addition to his operational background, Rick has significant capital markets and private equity exposure.

    Rick is a registered professional engineer in Alberta and holds an MBA from IMD Business School in Switzerland. He currently serves on the Board of Governors of the Canadian Energy Executive Association.

    About Heidrick & Struggles – www.heidrick.com

    “Helping our clients change the world, one leadership team at a time”

    Founded in Chicago, Illinois in 1953, Heidrick & Struggles launched as one of the world’s first executive search firms. Today, Heidrick & Struggles is consistently included in the Forbes list of the World’s Best Management Consulting Firms and is best known as a premier provider of executive search, on-demand talent and leadership consulting services. Having served over 70% of the Fortune 1000 and numerous early-stage ventures, the firm brings global expertise and networks, coupled with local presence and knowledge through its over 50 offices on 6 continents, to every engagement. Heidrick & Struggles’ data-driven advisory approach and extensive global network identifies critical talent solutions to achieve the highest levels of profitability and performance.

    About EnerPure – https://enerpure.tech

    “We recycle Used Motor Oil (UMO) to reduce GHG emissions while producing a lower carbon-intensive marine fuel.”

    Each year ~17 billion litres of UMO* are improperly burned or dumped, causing widespread environmental harm. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its modular micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.

    EnerPure is entering its next phase of growth, with our first commercial plant planned for Alberta. Our recycling plants require ~5% of the capex of traditional solutions, enabling localized recycling (while reducing the cost of collection) and providing strong economic returns.

    Our technology has been proven via our pilot plant (operating at 43% of scale) with 1.6 million litres processed and validated through the sale of over 1.2 million litres. Our drop-in ISO 8217-compliant marine fuel is in high demand in a growing market with its 14.6% lower carbon intensity. Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air contaminants by 36,315 and 437 tonnes, respectively.

    EnerPure, while delivering strong economic returns, offers a proven, scalable platform where environmental need meets commercial opportunity, powering the energy transition through smart regional recycling.

    *UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.

    Disclosure and Caution

    This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures, and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

    The MIL Network –

  • MIL-OSI: Veeco Earns Intel’s 2025 EPIC Supplier Award

    Source: GlobeNewswire (MIL-OSI)

    PLAINVIEW, N.Y., April 15, 2025 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) is proud to announce that it has earned the exclusive Intel EPIC Supplier Award for 2025. This award recognizes the top performers in the Intel supply chain for their world-class commitment to continuous improvement and performance excellence over the past year.

    “Congratulations to Veeco on receiving the Intel EPIC Supplier Award, Intel’s highest supplier recognition,” said Frank Sanders, corporate vice president and general manager of Global Supply Chain Operations at Intel. “Their unwavering commitment to quality, drive for excellence, and dedication to technology innovation make them vital to our success. We greatly appreciate their collaboration and continued focus on results.”

    “As one of a select few companies awarded the Intel EPIC Supplier Award in 2025, Veeco is truly one of the best suppliers in the semiconductor industry,” said Dave Bloss, corporate vice president and general manager of Global Sourcing for Equipment & Materials at Intel. “Their customer orientation and commitment to superior performance is a testament to their dedication and serves as a global benchmark for others to follow.”

    The Intel EPIC Supplier Award recognizes the top performers in the Intel supply chain for their dedication to “EPIC” performance—Excellence, Partnership, Inclusion and Continuous Improvement. Of the thousands of Intel suppliers around the world, only a few hundred qualify to participate in the EPIC Supplier Program.

    To qualify for the Intel EPIC Supplier Award, suppliers must exceed the highest expectations and achieve aggressive strategic objectives aligned to Intel’s priorities.

    Get more information about the Intel EPIC Supplier Awards
    Find the latest at the Intel Newsroom
    Visit the Intel EPIC Supplier Awards page

    About Veeco
    Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, single wafer etch & clean, lithography, metal organic chemical vapor deposition (MOCVD), and chemical vapor deposition (CVD) technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.

    To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2024 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

    Veeco Contacts:
    Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com
    Media: Brenden Wright | (410) 984-2610 | bwright@veeco.com

    The MIL Network –

  • MIL-OSI: Global Robotic Exoskeleton Market Size Expected to Reach $30 Billion By 2032 as A.I. Influence Disrupts the Industry

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., April 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts project that the wearable robotic exoskeleton market, which has experienced notable growth over the past decade, driven by advancements in robotics, the increasing need for rehabilitation technologies, and heightened emphasis on workplace safety, will continue to grow substantially. The market’s growth has been particularly robust in the healthcare and manufacturing sectors, where both assistive and powered exoskeletons are in high demand. Furthermore, the market’s expansion is propelled by technological innovations, with powered systems holding the largest wearable robotic exoskeleton market share due to their superior performance and adaptability. Ongoing technological advancements, particularly in AI, sensors, and battery efficiency, are expected to drive further adoption across various sectors. The healthcare sector is anticipated to witness increased adoption of rehabilitation and assistive solutions. At the same time, the defense and manufacturing industries continue to seek solutions for enhancing human endurance and reducing injury risks. With strong growth projections, especially in emerging markets such as Asia Pacific, the market is expected to see continued investment and development over the forecast period. A report from Fortune Business Insights said that the global wearable robotic exoskeleton market size is projected to grow to USD 30.56 billion by 2032, exhibiting a CAGR of 43.1% during the forecast period. North America dominated the global market with a share of 38.64% in 2024. Active companies in news today include: KULR Technology Group, Inc. (NYSE: KULR), C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW), Pitney Bowes (NYSE: PBI), GXO Logistics, Inc. (NYSE: GXO), Microbot Medical Inc. (NASDAQ: MBOT).

    The Fortune Business Insights report continued: “A key trend in the wearable robotic exoskeleton market is the integration of Artificial Intelligence (AI) and advanced sensor technologies to improve precision, functionality, and user experience. AI-powered exoskeletons are capable of learning and adapting to the user’s movements, offering personalized assistance based on real-time data. This adaptive functionality is particularly beneficial in rehabilitation, where exoskeletons can adjust their support levels according to the patient’s progress, enhancing recovery outcomes. Advanced sensors, including pressure, motion, and biofeedback sensors, are enabling more intuitive control, allowing the exoskeleton to respond seamlessly to the user’s body movements. These innovations are improving the ease of use and reducing the cognitive load on users, making the technology more accessible and effective for a broader audience. As AI and sensor technology continue to evolve, the capabilities of wearable exoskeletons are expected to grow, driving higher adoption across various sectors, from healthcare to industrial applications.”

    KULR Technology Group, Inc. (NYSE American: KULR) Expands into High-Growth Robotics Market with German Bionic AI-Powered Exoskeletons for U.S. Workforce – KULR Technology Group, Inc. (the “Company” or “KULR”) ($KULR), a leader in advanced energy management platforms, today announced the launch of a new strategic partnership with German Bionic (“GB”), a leading global robotics company known for its groundbreaking robotic exoskeleton, Apogee ULTRA, to expand into the rapidly growing fields of robotics and artificial intelligence. GB counts global logistics companies, large retailers, hospitals, and major international airports among its customers, including Dachser Intelligent Logistics, GXO, Nuremberg Airport, Canadian Tire, the British consumer electronics retailer Currys, and the Charité Hospital Berlin. According to Spherical Insights, the global wearable robotic exoskeleton market size is expected to reach $41.5 billion by 2033.

    The initiative includes the formation of a dedicated business unit, KULR AI & Robotics, aimed at driving innovation and commercialization of affordable and mature robotic solutions to support the US workforce and reshoring of manufacturing. During their EOY and Q4 earnings call, KULR also announced that their website has been updated and relaunched as KULR.ai to reflect this shift and the introduction of the new business unit. The new unit will be led by Josh Steinmann, VP of AI and Robotics.

    “This partnership exemplifies our broader strategy to leverage our energy management expertise and become a key enabler of the robotics and AI ecosystem, as these applications demand higher battery performance and more efficient thermal management for their high-performance electronics,” said Michael Mo, CEO of KULR Technology Group. “AI is a critical enabler of robotics, and we’re aggressively focused on this area – through this partnership and other strategic initiatives – to help shape the future of human-machine interface.”

    “We are pleased to have KULR as a key partner, joining us in the journey to scale and deliver the world’s strongest data-driven exoskeletons to North America and beyond,” says Armin G. Schmidt, Founder and CEO of German Bionic. “At the core of our innovation is a clear understanding of energy as a fundamental force – something unseen yet essential in driving both progress and human advancement. Our exoskeletons are designed to empower and elevate frontline workers, unlocking their full potential each day. This partnership is the natural unfolding of our mission to infuse the world with greater value, vitality, and purpose.”

    The sixth-generation Apogee ULTRA is a proven, in-market solution engineered for large-scale deployment. Apogee ULTRA and anticipated future generations of the exoskeleton can enhance human energy output significantly and materially reduce workplace injuries, driving outsized returns on investment, employee satisfaction and retention, and reduced healthcare costs. This technology has demonstrated success across multiple sectors, including delivery logistics, supply chain solutions, manufacturing, construction, and healthcare.   CONTINUED…   Read this entire press release and more news for KULR at: https://www.financialnewsmedia.com/news-kulr/.

    In other developments in the markets of note:

    C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) recently announced that it will issue its first quarter 2025 results after the market closes on Wednesday, April 30, 2025. The company will hold a conference call from 5:00 pm – 6:00 pm Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community. Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com. To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. An audio replay will be available at http://investor.chrobinson.com.

    C.H. Robinson delivers logistics like no one else™. Companies around the world look to us to reimagine supply chains, advance freight technology, and solve logistics challenges—from the simple to the most complex. 83,000 customers and 450,000 contract carriers in our network trust us to manage 37 million shipments and $23 billion in freight annually. Through our unmatched expertise, unrivaled scale, and tailored solutions, we ensure the seamless delivery of goods across industries and continents via truckload, less-than-truckload, ocean, air, and beyond. As a responsible global citizen, we make supply chains more sustainable and proudly contribute millions to the causes that matter most to our employees.

    Pitney Bowes (NYSE: PBI) recently announced Pitney Bowes has been recognized as the Top Company in Shipping Software for 2025 by Logistics Tech Outlook, a leading enterprise technology magazine trusted by senior-level leaders and decision-makers in the logistics industry. This award highlights Pitney Bowes’ commitment to delivering cutting-edge shipping technology that empowers businesses to streamline their logistics operations.

    “Pitney Bowes has set a new benchmark in the shipping software industry by providing highly adaptable, secure, and data-driven solutions,” said Linda James, Managing Editor of Logistics Tech Outlook. “Their ability to continually innovate and address the evolving needs of businesses, from eCommerce retailers to large enterprises, made them a clear choice for this recognition.”

    GXO Logistics, Inc. (NYSE: GXO) recently announced a new strategic partnership with Hisense, a global leader in technology, televisions, home appliances and HVAC equipment. GXO will be responsible for managing Hisense’s logistics operations at a new 36,000-square-meter site in Albuixech, Valencia. Operations will include distribution, returns and repacking as well as value-added services such as repalletization.

    ‘We are very proud of this new strategic partnership with Hisense, a company that shares our values of innovation and excellence,” said Rui Marques, Managing Director of GXO in Spain and Portugal. “Our ability to address supply chain challenges such as peak demand, as well as operate an environmentally sustainable facility, are key to enabling increased customer satisfaction for Hisense.”

    Microbot Medical Inc. (NASDAQ: MBOT), developer of the innovative LIBERTY® Endovascular Robotic System, recently presented for the first time the data from its ACCESS-PVI pivotal trial at the Society of Interventional Radiology (SIR) annual meeting. The study was performed at three leading medical centers in the U.S.; Memorial Sloan Kettering Cancer Center (New York, NY), Baptist Hospital of Miami (Miami, FL) and Brigham and Women’s Hospital (Boston, MA). The late-breaking podium presentation was given by Francois Cornelis, M.D., PhD, Director of the Neuro Vascular Interventional Radiology Program at Memorial Sloan Kettering Cancer Center.

    The data presented concluded that robotic endovascular procedures using LIBERTY® are feasible and significantly minimize radiation exposure.

    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. #tickertagpressreleases #pressreleases

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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 six hundred dollars for news coverage of the current press releases issued by KULR Technology Group, 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.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: BoldSign® by Syncfusion® Earns Spot on G2’s 2025 Best Software Awards for Sales

    Source: GlobeNewswire (MIL-OSI)

    RESEARCH TRIANGLE PARK, N.C., April 15, 2025 (GLOBE NEWSWIRE) — Syncfusion®, Inc., the enterprise technology provider of choice, today announced that its electronic signature solution, BoldSign®, has been named to review site G2’s 2025 Best Software Awards. Out of 4,500 products in the running for the 2025 Best Sales Software list, BoldSign ranked 30th.

    “We’re seeing an acceleration in adoption because organizations large and small need the best business tools available,” said Daniel Jebaraj, CEO of Syncfusion. “As a bootstrapped company with nearly 25 years of steady growth and expertise in enterprise tools, we can truly dedicate ourselves to our most important stakeholders: our customers.”

    Additional Bold product-specific updates are detailed below.

    BoldSign

    BoldSign has seen significant growth in user adoption levels as well as consistently high customer ratings and retention numbers. According to the company, customers who switch from other e-signature solutions save 60% on average.

    In addition to the Best Sales Software award, BoldSign was ranked first in G2’s Spring 2025 Small-Business Usability Index for E-Signature report.

    Bold BI®

    After unveiling eight feature updates in 2024, including the Bold BI AI Assistant and Q&A widget, the business analytics platform’s most recent update includes enhanced security features and added support for additional data source connectors. Bold BI’s AI Assistant leverages advanced AI algorithms to analyze data, automate processes, and provide real-time actionable recommendations.

    Additionally, Bold BI was recognized in G2’s Spring reports for having earned the highest Ease of Admin rating among small business users in the Embedded Business Intelligence category.

    BoldDesk®

    Syncfusion now offers BoldDesk for Startups to provide qualifying organizations with a 12-month license for its help desk and customer support software, in addition to an existing offer for nonprofits, charities, and NGOs. BoldDesk’s feature updates continue to enhance customization, AI utilization, integration, and automation.

    Bold Reports

    Syncfusion offers a no-cost business analytics course for Bold Reports trial users. For more information or to enroll in the course, visit the Udemy learning platform. Recent feature updates include new filters, expanded integration support, and enhancements to the report designer and viewer functions.

    Syncfusion’s Bold products are designed for seamless deployment—on-premises, in the cloud, or embedded—across .NET, JavaScript, and other tech stacks. All four platforms are built with robust security, developer-friendly APIs, and enterprise-grade scalability. With continued investment in AI features, analytics, and integrations, Syncfusion is committed to supporting the growing demand for agile, secure, and customizable platforms across tech-driven industries.

    For more information about low- or no-cost options for BoldSign, Bold BI, BoldDesk, Bold Reports, and developer component suite Essential Studio, visit https://www.syncfusion.com/pages/syncfusion-ecosystem/.

    About Syncfusion, Inc.

    Syncfusion® is the enterprise technology partner of choice for software development and business intelligence, delivering an ecosystem of compatible developer control suites, embeddable BI platforms, and business software. Headquartered in Research Triangle Park, NC, Syncfusion has established itself as a trusted partner worldwide for use in mission-critical applications through its service-oriented approach. The Syncfusion Essential Studio® suite has expanded from one data grid at its launch in 2001, to over 1,900 controls for web, mobile, and desktop development. After nearly two decades of helping developers build business software with Essential Studio, the company channeled this expertise into its own line of enterprise products: Bold BI® and Bold Reports® for embedded business intelligence, data analysis, and visualization; BoldSign®, an embeddable e-signing solution; and most recently, BoldDesk®, a customer support platform. Today, Syncfusion has more than 35,000 customers, including large financial institutions, Fortune 500 companies, and global IT consultancies, relying on Essential Studio and Bold products for their business success.

    Contact: Brittany Kearns
    Phone: 919-270-8054
    Email: brittany@crossroadsb2b.com

    The MIL Network –

  • MIL-OSI: Cyabra Announces Record 2024 Financial Performance, Doubling Revenue and Strengthening Gross Margins

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, April 15, 2025 (GLOBE NEWSWIRE) — Cyabra Strategy Ltd. (“Cyabra”), a leading AI platform for real-time disinformation detection, today announced its financial results for the fiscal year 2024, showcasing exceptional growth and strengthened gross margins. The company’s revenue surged from $1.9 million in 2023 to $4.2 million in 2024, marking a 116% year-over-year increase. Additionally, Cyabra significantly improved its gross margins, rising from 69% in 2023 to 81% in 2024, reflecting enhanced operational efficiency and strong demand for its cutting-edge technology solutions.

    “This past year has been transformative for Cyabra, as our capabilities continue to set the standard in the fight against disinformation,” said Dan Brahmy, CEO and Co-Founder of Cyabra. “Our strong revenue growth and gross margin expansion demonstrate the increasing reliance of enterprises and governments on our technology to navigate the evolving digital landscape.”

    The company’s robust performance in 2024 was driven by increased demand from both public and private sector clients, as organizations increasingly recognize the need to identify the sources of harmful narratives and inauthentic online activity.

    Cyabra has entered into a business combination agreement with Trailblazer Merger Corporation I (NASDAQ: TBMC), a blank-check special-purpose acquisition company.

    FINANCIAL RESULTS

    • Revenues for the year ended December 31, 2024, were approximately $4,155 thousand, reflecting an increase of 116% compared to $1,922 thousand for the year ended December 31, 2023. The growth in revenues was primarily due to an expansion in the customer base, with approximately 50% of 2024 revenues coming from new customers acquired during the year.
    • Cost of revenues for 2024 was approximately $782 thousand, marking an increase of 30% from $603 thousand in 2023. This increase was primarily driven by a higher level of commercial activity.
    • Research and development expenses for 2024 were approximately $4,653 thousand, an increase of 30% compared to $3,593 thousand in 2023, largely due to expanded payroll and personnel investments in Cyabra’s R&D team.
    • Sales and marketing expenses for 2024 reached approximately $3,316 thousand, reflecting an increase of 21% from $2,738 thousand in 2023. This was primarily due to an increase in headcount and related expenses in sales and marketing teams.
    • General and administrative expenses for 2024 were approximately $4,602 thousand, an increase of 395% compared to $929 thousand in 2023. The increase was mainly attributed to higher professional services costs associated with the business combination with Trailblazer, along with increased payroll and related expenses.
    • Finance expenses for 2024 were approximately $6,398 thousand, an increase of 959% compared to $604 thousand in 2023. The increase was mainly due to increased expenses related to the revaluation of financial liabilities measured at fair value.
    • Total loss for 2024 amounted to approximately $15,610 thousand, reflecting an increase of 138% from $6,550 thousand in 2023, primarily driven by the factors described above.

    About Cyabra
    Cyabra is a real-time AI-powered platform that uncovers and analyzes online disinformation and misinformation by uncovering fake profiles, harmful narratives, and GenAI content across social media and digital news channels. Cyabra’s AI solutions protect corporations and governments against brand reputation risks, election manipulation, foreign interference, and other online threats. Cyabra’s platform leverages proprietary algorithms and NLP solutions, gathering and analyzing publicly available data to provide clear, actionable insights and real-time alerts that inform critical decision-making. Cyabra uncovers the good, bad, and fake online.

    For more information, visit www.cyabra.com

    Media Contact:
    Jill Burkes
    Jill@cyabra.com
    Signal Contact: Jillabra.24

    Investor Relations Contact:
    Miri Segal
    MS-IR
    msegal@ms-ir.com

    About Trailblazer
    Trailblazer is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. For more information, visit: www.trailblazermergercorp.com

     
    Consolidated Balance Sheets as of December 31, U.S. dollars in thousands (except share data)
           
        2024
    		   2023
    Assets          
    Current assets          
    Cash and cash equivalents   927     520  
    Restricted cash   19     6  
    Accounts receivable   113     70  
    Other current assets   194     108  
    Total current assets   1,253     704  
               
    Non-Current Assets          
    Operating right-of-use asset   551     41  
    Property and equipment, net   143     98  
    Total non-current assets   694     139  
    Total Assets   1,947     843  
               
    Liabilities, Redeemable Convertible Preferred Shares and Capital Deficiency          
    Current liabilities          
    Trade accounts payable   1,084     141  
    Current maturities of long-term loans   1,175     1,179  
    Operating lease liability   190     40  
    Deferred revenues   2,423     1,473  
    Employees and related   983     675  
    Other current liabilities   684     321  
    Convertible notes   11,649     –  
    Total current liabilities   18,188     3,829  
               
    Non-Current Liabilities          
    Long-term loans   198     1,376  
    Operating lease liability   389     –  
    Long-term deferred revenues   362     154  
    Liability for future equity (SAFE)   1,206     –  
    Liability with respect to warrants   244     93  
    Total non-current liabilities   2,399     1,623  
    Total liabilities   20,587     5,452  
               
    Commitments and contingent liabilities          
               
    Redeemable Convertible Preferred Shares:          
    Redeemable Preferred A and A-1 shares, NIS 0.01 par value: 607,373 shares authorized as of December 31, 2024 and 2023, 515,186 issued and outstanding as of December 31, 2024 and 2023 Aggregate liquidation preference of $6,838 and $6,511 as of December 31, 2024 and 2023, respectively; Redeemable Preferred A-2 and A-3 shares, NIS 0.01 par value: 596,056 shares authorized as of December 31, 2024 and 2023, and 388,739 issued and outstanding as of December 31, 2024 and 2023, respectively Aggregate liquidation preference of $6,242 and $5,944 as of December 31, 2024 and 2023, respectively.   11,780     11,780  
               
    Capital Deficiency:          
    Ordinary shares, NIS 0.01 par value: 8,796,571 shares authorized as of December 31, 2024 and 2023, and 651,571 and 628,801 issued and outstanding as of December 31, 2024 and 2023, respectively.   2     2  
    Additional paid in capital   4,132     2,553  
    Accumulated deficit   (34,554 )   (18,944 )
    Total capital deficiency   (30,420 )   (16,389 )
    Total liabilities, redeemable convertible preferred shares and capital deficiency   1,947     843  
                 
     
    Consolidated Statements of Operations for the year ended December 31,U.S. dollars in thousands (except per share data)
                 
        2024     2023  
    Revenues   4,155     1,922  
    Cost of revenues   782     603  
    Gross profit   3,373     1,319  
               
    Operating costs and expenses          
    Research and development expenses   4,653     3,593  
    Sales and marketing expenses   3,316     2,738  
    General and administrative expenses   4,602     929  
    Total operating loss   9,198     5,941  
               
    Finance expenses, net   6,398     604  
    Loss before taxes on income   15,596     6,545  
    Taxes on income   14     5  
    Net loss for the year   15,610     6,550  
               
    Loss per share attributable to ordinary shareholders          
    Basic and diluted loss per share   (21.62 )   (10.29 )
               
    Weighted average number of ordinary shares outstanding used in computation of basic and diluted loss per share   748,188     680,182  
               

    Forward-Looking Statements
    This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to certain products and services that are the subject of a proposed transaction (the “Business Combination”) between Trailblazer and Cyabra. All statements other than statements of historical facts contained in this press release, including statements regarding Cyabra’s business strategy, products and services, research and development costs, plans and objectives of management for future operations, and future results of current and anticipated product offerings, are forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the ability to complete the Business Combination or, if Trailblazer does not consummate such Business Combination, any other initial business combination; expectations regarding Cyabra’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and Cyabra’s ability to invest in growth initiatives and pursue acquisition opportunities; the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the outcome of any legal proceedings that may be instituted against Trailblazer or Cyabra following announcement of the Business Combination Agreement and the transactions contemplated therein; the inability to complete the proposed Business Combination due to, among other things, the failure to obtain Trailblazer stockholder approval; the risk that the announcement and consummation of the proposed Business Combination disrupts Cyabra’s current operations and future plans; the ability to recognize the anticipated benefits of the proposed Business Combination; unexpected costs related to the proposed Business Combination; the amount of any redemptions by existing holders of Trailblazer’s common stock being greater than expected; limited liquidity and trading of Trailblazer’s securities; geopolitical risk and changes in applicable laws or regulations; the size of the addressable markets for Cyabra’s products and services; the possibility that Trailblazer and/or Cyabra may be adversely affected by other economic, business, and/or competitive factors; the ability to obtain and/or maintain the listing of the combined company’s common stock on Nasdaq following the Business Combination; operational risk; and the risks that the consummation of the proposed Business Combination is substantially delayed or does not occur.

    Important Information for Investors and Stockholders
    In connection with the Business Combination, Trailblazer Holdings, Inc., a subsidiary of Trailblazer (“Holdings”) has filed a registration statement on Form S-4 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”), which includes a preliminary proxy statement/prospectus, and certain other related documents, which will be both the proxy statement to be distributed to holders of shares of Trailblazer’s common stock in connection with its solicitation of proxies for the vote by its stockholders with respect to the Business Combination and other matters as may be described in the Registration Statement, as well as the prospectus of Holdings relating to the offer and sale of its securities to be issued in the Business Combination. After the Registration Statement is declared effective, the proxy statement/prospectus will be sent to all Trailblazer stockholders so that they may vote on the Business Combination.

    INVESTORS AND STOCKHOLDERS OF TRAILBLAZER ARE URGED TO READ CAREFULLY THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION AND THE PARTIES INVOLVED.

    Trailblazer stockholders are currently able to obtain copies of the preliminary proxy statement/prospectus and other documents filed with the SEC that are incorporated by reference therein, and will be able to obtain the definitive proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference therein, once available, in all cases without charge, at the SEC’s web site at www.sec.gov, or by directing a request to: Trailblazer at 510 Madison Avenue, Suite 1401, New York, NY 10022, Telephone: 646-747-9618.

    Participants in the Solicitation
    Cyabra, Trailblazer, and their respective directors and executive officers may be deemed participants in the solicitation of proxies from Trailblazer stockholders regarding the proposed Business Combination. Information about Trailblazer’s directors and executive officers and their ownership of Trailblazer’s securities is set forth in the proxy statement/prospectus pertaining to the proposed Business Combination.

    No Offer or Solicitation
    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval. No sale of securities shall occur in any jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under applicable laws.

    The MIL Network –

  • MIL-OSI: High Wire Networks – Overwatch Launches Risk-as-a-Service Offering to Help Organizations Stay Ahead of Emerging Cyber Threats

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., April 15, 2025 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leader in managed cybersecurity services, today announced the launch of Risk-as-a-Service (RaaS), a new professional service offering from its Overwatch cybersecurity division, designed to help organizations continuously identify, analyze, and mitigate cybersecurity risks.

    Unlike one-time assessments, Overwatch’s RaaS is a comprehensive, ongoing program that empowers mid-market and enterprise customers to manage risk proactively. The new service combines ongoing threat detection, regulatory compliance monitoring, and expert-led incident response planning, backed by real-time analytics, to strengthen organizations’ cyber resilience without needing a large in-house team.

    “Security is not just about risk mitigation and elimination of risk; it’s about prioritization.  Businesses don’t have infinite resources and need to quickly and efficiently figure out which actions deliver maximum value for the effort.  Our RaaS offering provides our customers a way to make such decisions quickly and efficiently,” said Kim Jones, High Wire – Overwatch CISO.

    The Overwatch RaaS Platform Includes:

    • Risk Baseline Assessments: Evaluate current security posture and identify the most critical vulnerabilities.
    • Real-Time Threat Detection & Alerting: Stay ahead of adversaries with always-on threat monitoring.
    • Regulatory Compliance Monitoring: Automate compliance tracking across HIPAA, GDPR, and CMMC standards.
    • Incident Response Planning & Support: Be prepared with tailored plans and expert guidance during a security event.
    • Analytics & Reporting Dashboards: Gain visibility into evolving risks and performance against key metrics.
    • Ongoing Risk Posture Monitoring: Ensure continuous improvement with recurring analysis and risk insights.

    “Our Risk-as-a-Service model isn’t just about delivering another report—it’s about delivering ongoing insight, action, and results,” said Ed Vasko, High Wire – Overwatch CEO. “This is a smarter way to scale risk management in today’s threat environment, especially for businesses without the resources to build a full internal risk and compliance team.”

    RaaS is ideal for small to mid-sized enterprises, government agencies, and large organizations looking to augment their existing programs with continuous protection and expert oversight. Real-world applications include healthcare providers using RaaS to streamline HIPAA compliance or manufacturers maintaining CMMC alignment while managing complex threat landscapes.

    By leveraging best-in-class tools and partnerships, Overwatch RaaS delivers cost-effective, scalable risk intelligence, empowering customers to make smarter decisions and reduce exposure across the enterprise.

    About High Wire Networks
    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies. Its U.S.-based 24/7 Network Operations Center and Security Operations Center is located in Chicago, Illinois.

    High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. It was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers for 2023 and 2024.

    Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn.

    Forward-Looking Statements
    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    High Wire Networks Contact
    Mark Porter
    Chief Executive Officer
    High Wire Networks
    1+ (952) 974-4000

    Media Contact
    Lori Aleman
    Director of Marketing
    High Wire Networks
    Tel 1+ (630) 635-8477
    Lori.aleman@highwirenetworks.com

    The MIL Network –

  • MIL-OSI: Helport AI Launches Enhanced AI Software to Modernize Consumer Financing Operations

    Source: GlobeNewswire (MIL-OSI)

    New Offering Aims to Drive Efficiency and Compliance in Consumer Financing and Debt Collection

    Successful Initial Deployments Already Underway in the Philippines

    Partnerships Secured with Three Consumer Financing Companies, Including Two Publicly Listed in the U.S., Since the Opening of the Philippines Office

    SINGAPORE and SAN DIEGO, April 15, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, today announced the launch of the newest version of its AI-powered software tailored for the consumer financing industry. The announcement marks a significant step forward in Helport AI’s mission to transform financial services through automation, real-time intelligence, and regulatory compliance.

    The rollout is being led by Helport AI’s recently inaugurated Philippines office, which serves as the Company’s ‘Global Center of Excellence’ for AI operations and training. This regional hub has already completed successful pilot programs across multiple consumer financing projects, showcasing the software’s capacity to optimize collection strategies and improve customer outcomes in different regulatory environments.

    “Our AI solutions are designed not only to enhance operational efficiency and accuracy, but to ensure compliance, accountability, and fairness in the consumer financing space,” said Guanghai Li, Chief Executive Officer of Helport AI. “With the Philippines as our strategic launch point, we are bringing transformative technology to one of Southeast Asia’s most dynamic financial markets, with the goal of serving customers worldwide.”

    AI-Powered Transformation for Consumer Financing

    Helport AI’s consumer financing solution leverages the Company’s proprietary real-time AI engine to automate core components of debt servicing and recovery, including:

    • AI-Guided Conversation: real-time intelligent scripting, live customer profiling, and automated call summaries designed to increase agent accuracy and productivity, compliance, and reduced training costs.
    • Real-time Compliance & Risk Management: the AI engine facilitates comprehensive regulatory compliance across customer interactions, with the aim of strengthening consumer protection, minimizing human errors, and reducing legal risks, while preserving customer trust.
    • Data-driven Business Optimization: the AI engine continuously analyzes customer dialogue, feedback data, regulatory changes, and market trends to generate actionable insights and drive efficiency improvements.

    By reducing manual processes, Helport AI’s platform can help lower operational costs, shorten resolution time, and support lenders in achieving higher recovery rates, while preserving customer relationships.

    Driving Impact in the Philippines and Beyond

    Since the opening of its Philippines office in January 2025, Helport AI has secured partnerships with three consumer financing companies – two of which are publicly listed in the U.S. – to incorporate AI-driven software into debt collection operations across Southeast Asia. Leveraging its background in financial services, Helport AI’s software has been deployed in multiple test environments across debt collection and consumer financing, generating strong performance benchmarks, including increased agent efficiency, improved customer engagement, and enhanced management oversight.

    Looking Ahead

    The introduction of this new software version builds upon Helport AI’s broader strategy of applying AI-driven customer contact solutions to high-impact industries such as mortgage sales, insurance, and consumer financing. With a growing global presence and a portfolio of industry-tailored AI tools, the Company continues to partner with enterprise clients seeking scalable, cost-efficient solutions.

    This announcement follows a series of strategic investments by Helport AI into infrastructure and talent across Southeast Asia and North America as the Company prepares for expanded deployment in high-growth financial services markets.

    About Helport AI

    Helport AI (NASDAQ: HPAI) is a global technology company serving enterprise clients with intelligent customer communication software and services. Its flagship product, AI Assist, acts as a real-time co-pilot for customer contact teams, delivering smart guidance and tools designed to drive sales, improve customer engagement, and lower costs. The Company’s mission is to empower everyone to work as an expert—using AI to elevate, not replace, human capability. Learn more at www.helport.ai.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking, including, but not limited to, Helport AI’s business strategies, expansion plans, and anticipated results. These statements involve risks and uncertainties based on current expectations and projections. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these identifying words. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI 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 Helport AI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    Media Contact
    Helport AI Investor Relations
    Email: ir@helport.ai
    Website: https://ir.helport.ai/

    External Investor Relations Contact
    Chris Tyson
    Executive Vice President, MZ North America
    Direct: +1 949-491-8235
    Email: HPAI@mzgroup.us
    Website: www.mzgroup.us

    The MIL Network –

  • MIL-OSI: Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2024 and Releases 2024 Environmental, Social and Governance Report

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, April 15, 2025 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (“SEC”) on April 15, 2025. The annual report can be accessed on the Company’s investor relations website at http://ir.ksyun.com as well as the SEC’s website at http://www.sec.gov.

    The Company will provide hard copies of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to ksc-ir@kingsoft.com.

    In addition, the Company has published its 2024 Environmental, Social and Governance (ESG) Report (the “ESG Report”) to provide an in-depth review of the Company’s progress in the past year in its ESG practices, including business ethics, responsible operation, talent development, green development, sustainable supply chain, and corporate responsibility.

    We have improved our ESG practices, including but not limited to:

    • The Company Legal team was honored as the 2024 China Top 15 New Technology In-House Teams from the Asian Legal Business (ALB) of Thomson Reuters.
    • We make comprehensive efforts to strengthen our talent development and talent pipeline, through a series of talents development projects, including our Chuanyun (Through-the-Cloud) Project, Lingyun (Over-the-Cloud) Project, Qingyun (Upholding-the-Cloud) Project, and Yunyi (Cloud-on-Wings) Project. The company won the “2024 Most Popular Employer for Campus Recruitment” in the 2024 Top “Smart” Employer Awards hosted by CIIC’s ACMcoder.
    • Kingsoft Cloud successfully passed the ITSS (Information Technology Service Standards) Operation and Maintenance Standard Compliance Assessment with a maturity of Level 1, the highest level in the assessment system. This accomplishment highlights the Company’s comprehensive capabilities, including robust product portfolios, industry-specific solutions, advanced core technology R&D, secure and efficient operational frameworks, and proven practical implementations across government and financial sectors.
    • Empowered by cloud and AI technologies, Kingsoft Cloud partners with Xiaomi to create a platform for green and sustainable development. This platform horizontally covers the Xiaomi’s “Human x Car x Home” smart ecosystem. Kingsoft Cloud will join hands with Xiaomi to implement Xiaomi’s zero-carbon philosophy and jointly create a better low-carbon future.
    • We donated to support more than 600 left-behind children/de facto orphans with learning and living supplies, and donated an additional 100,000 RMB to cover the annual living expenses of 51 impoverished students/de facto orphans. This initiative was awarded the “2024 Social Responsibility Contribution Award” by the Internet Society of China under the Ministry of Industry and Information Technology (MIIT).

    To learn more about Kingsoft Cloud’s ESG efforts and to view the full ESG Report, please visit https://ir.ksyun.com/esg.

    About Kingsoft Cloud Holdings Limited

    Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) is a leading cloud service provider in China. With extensive cloud infrastructure, cutting-edge cloud-native products based on vigorous cloud technology research and development capabilities, well-architected industry-specific solutions and end-to-end fulfillment and deployment, Kingsoft Cloud offers comprehensive, reliable and trusted cloud service to customers in strategically selected verticals.

    For more information, please visit: http://ir.ksyun.com.

    For investor and media inquiries, please contact:

    Kingsoft Cloud Holdings Limited
    Nicole Shan
    Tel: +86 (10) 6292-7777 Ext. 6300
    Email: ksc-ir@kingsoft.com

    The MIL Network –

  • MIL-OSI: Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 15, 2025 (GLOBE NEWSWIRE) — Pipe, a fintech company enabling embedded financial solutions for software platforms, today announced its strategic acquisition of Glean.ai, a leading AI-powered spend management company. With this acquisition, Pipe becomes the first embedded finance company to bring together embedded capital and spend management for small businesses via its partners.

    Glean.ai was built to address the lack of transparency surrounding a company’s expenses. Founder Howard Katzenberg, former CFO of OnDeck, wanted to solve the challenge he’d experienced firsthand: not having the right visibility into how company finances were being spent. The result is Glean.ai, the AI-powered spend management solution that provides one-click access to spending trends, billing errors, and savings opportunities, as well as delivering real-time, cross-functional budgeting and bill pay tools. Glean.ai utilizes AI to examine patterns over time and help business owners make timely, data-driven decisions.

    According to the U.S. Small Business Administration, nearly half of small businesses today use personal credit cards and fail to separate business and personal expenses. While mid-market and enterprise companies have access to robust spend management solutions, such as Brex and Ramp, there remains a gap for SMBs who don’t have a complete view of their business expenses. With this acquisition, Pipe will be able to offer the spend management tools that small businesses do not have access to today.

    Glean.ai’s spend management solution is an ideal complement to Pipe’s existing embedded capital and business charge card solution, which are delivered through Pipe’s payments and vertical software partners. Pipe is working with the world-class Glean.ai team to integrate it within Pipe’s internal processes and build an even better spend management solution partners can offer to their small business customers. Glean.ai will continue to be available to existing and new customers directly from Glean.ai.

    “We’re thrilled to announce the addition of Glean’s spend management solution to Pipe. It’s a strategic move that empowers us to address the two biggest pain points faced by small businesses today—access to capital and effective spend management,” said Luke Voiles, CEO, Pipe. “By combining Pipe’s innovative technology, resources, and expertise with Glean, we’re giving business owners the precise tools they need to thrive. With seamless access to capital and smarter spend insights, we’re enabling sustainable growth, better operational oversight, and long-term success for small businesses.”

    Katzenberg, a seasoned fintech executive, brings extensive industry experience and has long shared a vision with Voiles for transforming business finance. “I am incredibly excited to join forces with Luke Voiles and the team at Pipe,” said Howard Katzenberg, CEO, Glean.ai. “This partnership is a perfect alignment of our joint vision and values, and it represents a game-changing opportunity for small businesses. They get the support and resources to grow, while Pipe and Glean together create a more powerful, unified platform that accelerates their success.”

    Greenhill & Co. served as the exclusive financial advisor to Glean.ai on this transaction.

    About Pipe
    Pipe makes customer-friendly capital and smart financial tools accessible to growing businesses inside the software they use every day. Our embedded solutions are built to scale and give business builders across industries the power to grow on their own terms. To learn more, visit www.pipe.com or follow us on X @pipe.

    About Glean
    Glean.ai is a leading provider of AI-powered spend intelligence and bill pay solutions, dedicated to transforming finance operations through intelligent automation and spend insights. Glean.ai empowers entrepreneurs to drive material savings by identifying spend anomalies, billing errors, and savings opportunities.

    Media Contact
    Merrill Freund
    merrill@freundpr.com

    The MIL Network –

  • MIL-OSI: CURRENC Group Inc. Appoints Wan Lung Eng as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that Mr. Wan Lung Eng will join the Company as Chief Financial Officer, effective April 16, 2025.

    Mr. Eng’s diverse career spans over 20 years as a finance and accounting executive, investment banker, and private equity professional. He has served as CFO at VitalCheck Wellness, Teclison, and Spectral MD, and as SVP and CFO at Immersive Artistry. Earlier in his career, Mr. Eng was an investment banker and private equity professional with RBC Capital Markets, Macquarie Group, Deutsche Bank Securities, Wachovia Securities (now Wells Fargo Securities) and CIAS International (Temasek Holdings-owned private investment firm). Mr. Eng executed public and private financings and M&A transactions in the U.S., Europe and Asia of over US$50 billion in aggregate value. With expertise across corporate finance, mergers and acquisitions, capital markets, principal investments, and corporate development, Mr. Eng is exceptionally well-suited to drive CURRENC’s financial strategy and growth initiatives. He holds an MBA from Duke University’s Fuqua School of Business in the U.S. and a Bachelor of Accountancy from Nanyang Technological University in Singapore.

    “We are excited to welcome Wan Lung Eng to our executive team,” said Alex Kong, Founder and Executive Chairman of CURRENC. “His proven track record and deep expertise will be pivotal in accelerating our growth and advancing our AI initiatives in building global AI ecosystem for financial institutions. We’re confident Wan Lung’s leadership will enhance our financial discipline and help propel CURRENC to new heights in the global fintech landscape.”

    Ronnie Hui, Chief Executive Officer of CURRENC, added, “Wan Lung’s appointment reflects our commitment to excellence and innovation. His broad industry experience will be invaluable as we continue to consolidate our position as a leader in digital remittance and AI-powered financial solutions. We look forward to the fresh insights he will bring to our ongoing transformation.”

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –