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Category: Economy

  • MIL-OSI United Kingdom: expert reaction to government’s Life Sciences Sector Plan

    Source: United Kingdom – Executive Government & Departments

    July 16, 2025

    Scientists comment on the Government’s Life Sciences Sector Plan. 

    David Seymour, Director of Data Partnerships, Health Data Research UK, said: 

    “The ambition in these new government plans is much needed, but it is colliding with a system full of potholes that disrupt, delay and damage vital health data research.

    “Our life sciences sector holds the key to faster discovery of treatments, better patient care, prevention of diseases and the essential economic growth required to fund a revitalised NHS.  Yet in access to health data, researchers and innovators are gridlocked by legal, governance and contractual complexity, coupled with a lack of people with the capacity and authority to unblock barriers and make decisions.  This is the harsh reality that undermines our boldest plans.

    “While major investments in the genomics revolution and Health Data Research Service are welcome, there is a real danger of ‘planning blight,’ where the focus on designing the future system stops us from improving the performance of the current system.  The most radical thing we can do is get the basics right.  This means a relentless focus on maximising the value of our existing world-class data assets – the likes of the Clinical Practice Research Datalink (CPRD) research service, UK BioBank, Genomics England and Our Future Health – enriched through data linkage and novel data collection.

    “Fixing today’s ‘potholes’ isn’t a distraction from the long-term vision – it’s the only way to make it happen.  Anything less holds back the UK’s global competitiveness and fails patients and the public.”

    Prof Bryan Williams, Chief Scientific and Medical Officer, British Heart Foundation, said:

    “A thriving life science sector is key to unlocking the next generation of treatments and cures for some of the UK’s biggest killers, including cardiovascular disease. It’s great to see the Government recognising this in today’s plan, which will help researchers grasp this moment of immense scientific opportunity.

    “We welcome the pledge to continue investing in science which drives life-changing discoveries in medicine, whilst ensuring that patients benefit quickly from those discoveries.  The commitment to shift health research funding towards making advances in prevention is also very encouraging.

    “As key funders of UK research and development, charities like the British Heart Foundation are vital in helping to achieve this plan’s vision.  We look forward to working in close partnership with Government and the wider sector to fully deliver the improvements needed.”

    Prof Patrick Chinnery, Executive Chair, Medical Research Council, said:

    “The new Life Sciences Sector Plan sets out a bold vision to transform how one of the UK’s most dynamic and globally competitive sectors delivers for our economy and for people around the world.

    “The Medical Research Council is committed to playing a central role in realising this vision by accelerating the translation of curiosity-driven research into innovations that support disease prevention, earlier diagnosis and better treatments.

    “In partnership with researchers, charities and industry, we will help more people live healthier, more productive lives, and attract further investment to strengthen the UK’s life sciences sector.”

    Nicola Perrin MBE, Chief Executive, Association of Medical Research Charities (AMRC), said: 

    “We’re pleased to see life sciences recognised as a priority sector for the UK.  This is a triple win for the economy, for the NHS and for patients.  It will benefit people across the country and unlock new ways to prevent, diagnose and treat disease.

    “We welcome the positioning of research at the heart of the Life Sciences Sector Plan, from the earliest stages of discovery science and beyond.  We also welcome the focus on ensuring that the NHS embraces new discoveries and innovations – these will only have an impact if they get to patients quickly and effectively.

    “It’s reassuring to see a clear focus on implementation and accountability in the plan.  This will help to ensure urgent action and real change.  Medical research charities must be key delivery partners – they support R&D that focuses on patients, addresses areas of unmet need and accelerates impact.”

    Dr Iain Foulkes, Executive Director of Research and Innovation, Cancer Research UK, said:

    “The Life Sciences Sector Plan sets out promising ambitions to make the UK a global leader in science, but it doesn’t do enough to tackle the challenges holding back clinical research.

    “We need government, industry and charities to work together so that people get faster access to the most promising new cancer treatments.

    “The Plan rightly highlights the delays in setting up commercial clinical trials in the UK, but it overlooks the fact that non-commercial trials – often led by charities or the NHS – are facing the same issues.  These trials are being held back by slow and complicated processes, excessive red tape, and a lack of capacity across the system.

    “Government action is needed to strip away these barriers and build more time for research in NHS staff contracts.”

    Prof Andrew Morris CBE FRSE PMedSci, President, Academy of Medical Sciences, said:

    “The Government’s Life Sciences Sector Plan delivers a robust framework that industry, academia and the NHS have long needed to help unlock the full potential of one of the UK’s most important sectors.

    “As we highlighted in our Future-proofing UK Health Research report, a coordinated and people-centred approach is essential to secure a sustainable future for life sciences research and deliver maximum health benefits for people everywhere.  With over £2bn of funding and clear accountability mechanisms, this plan provides actionable commitments that can drive economic growth, improve the UK’s standing on a world stage and transform health equity.

    “The six headline actions align closely with priorities the Academy of Medical Sciences has consistently championed, including cutting clinical trials times, strengthening health data infrastructure, and streamlining regulation and procurement.  These measures have the potential to transform how we develop and deploy new treatments, placing people at the heart of the UK health research system whilst maximising discovery science and the research potential of the NHS.

    “Recognising that the NHS must become a thriving site of research is key to improving health and prosperity in the UK and driving health outcomes globally.  The plan’s effectiveness will depend on sustained coordination across all sectors and funders, and engagement with patients and the public, to enable the UK’s life sciences sector to flourish and deliver health benefits for people everywhere.” 

    Plan: https://assets.publishing.service.gov.uk/media/687653fb55c4bd0544dcaeb1/Life_Sciences_Sector_Plan.pdf; https://www.gov.uk/government/publications/life-sciences-sector-plan

    Press release: https://www.gov.uk/government/news/life-sciences-sector-plan-to-grow-economy-and-transform-nhs

    Declared interests

    The nature of this story means everyone quoted above could be perceived to have a stake in it. cAs such, our policy is not to ask for interests to be declared – instead, they are implicit in each person’s affiliation.

    MIL OSI United Kingdom –

    July 17, 2025

  • MIL-OSI Russia: In May 2025, China’s total electricity consumption increased by 4.4 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 16 (Xinhua) — China’s total electricity consumption stood at 809.6 billion kWh in May 2025, up 4.4 percent year on year, data from the National Energy Administration showed.

    According to the agency, electricity consumption in the primary, secondary and tertiary sectors of the country’s economy amounted to 11.9 billion kWh, 541.4 billion kWh, 155 billion kWh, increasing by 8.4 percent, 2.1 percent and 9.4 percent, respectively, while the volume of electricity consumption by the urban and rural population increased by 9.6 percent year-on-year to 101.3 billion kWh.

    In January-May 2025, the total volume of electricity consumption in the country reached 3.97 trillion kWh, increasing by 3.4 percent year-on-year. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 17, 2025

  • MIL-OSI NGOs: Greenpeace: Ramaphosa, G20 must end financial apartheid with tax on super-rich

    Source: Greenpeace Statement –

    Durban, South Africa, 16 July 2025 – Greenpeace Africa has demanded G20 host and South African President Ramaphosa push ahead on accelerating efforts to impose a wealth tax on the world’s billionaires and to support the UN Tax Convention for new and fair global tax rules. 

    Greenpeace Africa activists hung a giant banner with a photo of South African president Cyril Ramaphosa reading ‘End Financial Apartheid #TaxTheSuperRich’, ahead of the G20’s 3rd Finance Ministers and Central Bank Governors’ meeting in Durban. Greenpeace is demanding the G20 host push ahead on accelerating efforts to impose a wealth tax on the world’s billionaires and to support the UN Tax Convention for new and fair global tax rules. © Chanho Kondolo / Greenpeace

    Ahead of the G20’s 3rd Finance Ministers and Central Bank Governors’ meeting, Greenpeace Africa activists dropped a 15 metre long x 2 metre high banner from a highway bridge near King Shaka International Airport with a photo of Cyril Ramaphosa and a message that said: ‘End Financial Apartheid. Tax The Super Rich’. 

    Cynthia Moyo, Lead Campaigner, Greenpeace Africa, said: “It’s outrageous that billionaires keep getting richer off a broken global tax system while millions across Africa and the world are pushed deeper into poverty and climate chaos. This is financial apartheid. South Africa understands the cost of injustice. Just as Mandela led the fight against political apartheid, President Ramaphosa now has a chance to lead the G20 in dismantling financial apartheid by taxing the super-rich and backing the UN Tax Convention. This is a fight for justice, dignity, and a future where wealth serves people, not the powerful few.”

    The action comes after an announcement at the UN Financing for Development conference that Spain, Brazil and South Africa are launching an initiative to tax the super-rich and the recent BRICS statement in support of the UN Tax Convention.[1] [2] [3]

    Fred Njehu, Global Political Lead of the Fair Share campaign, Greenpeace Africa, said: “We are on the cusp of momentous change. There is growing public and political momentum for taxing the super-rich and new global tax rules that work for all to achieve social and climate justice.

    “This is a historic opportunity for President Ramaphosa, who must seize this chance to lead the G20 in an economic direction that will serve not only the people of South Africa and the continent, but the majority world, by redistributing funds to tackle the social, environmental and climate polycrisis.

    “We ask G20 countries to support and engage constructively in the UN Tax Convention process as a global multilateral platform that will shape and determine the future of taxation, one rooted in transparency, accountability, equity and justice.”

    Globally, billionaire wealth grew three times faster in 2024 than in 2023.[4] In Africa, the four richest people have more wealth than half of the region’s 750 million people combined. Since 2020, the average income of the richest 1% in Africa has increased five times faster than that of the bottom 50%.[5]

    ENDS

    Photos and Videos can be downloaded via Greenpeace Media Library

    NOTES

    [1] At the recently concluded 4th International Conference on Financing for Development in Seville, South Africa had joined the ranks of Spain and Brazil in forming a coalition of willing countries to work on taxing the super-rich and to support fair taxation at the upcoming UN Tax Convention negotiations. Greenpeace’s press release 

    [2] BRICS leaders’ endorsement of the UN framework for international tax cooperation. 

    [3] New global tax rules in an UN Framework Convention on International Tax Cooperation are being negotiated, from now until 2027. It is a historic opportunity to redistribute power and wealth, and foster tax transparency and accountability. It aims to take control of global tax rules from the rich OECD (Organisation for Economic Cooperation and Development) countries to place it in the hands of the 193 member states of the United Nations. 

    [4] Oxfam report: Takers not Makers: The unjust poverty and unearned wealth of colonialism

    [5] Oxfam report: Africa’s Inequality Crisis and the Rise of the Super-Rich

    CONTACTS

    Ferdinand Omondi, Communications and Storytelling Manager, Greenpeace Africa, +254 722 505 233 , fomondi@admin

    Ibrahima Ka Ndoye, International Communications Coordinator, Greenpeace Africa, +221778437172, indoye@admin

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO –

    July 17, 2025

  • MIL-OSI Analysis: California farmers identify a hot new cash crop: Solar power

    Source: The Conversation – USA (2) – By Jacob Stid, Ph.D. student in Hydrogeology, Michigan State University

    This dairy farm in California’s Central Valley has installed solar panels on a portion of its land. George Rose/Getty Images

    Imagine that you own a small, 20-acre farm in California’s Central Valley. You and your family have cultivated this land for decades, but drought, increasing costs and decreasing water availability are making each year more difficult.

    Now imagine that a solar-electricity developer approaches you and presents three options:

    • You can lease the developer 10 acres of otherwise productive cropland, on which the developer will build an array of solar panels and sell electricity to the local power company.
    • You can select 1 or 2 acres of your land on which to build and operate your own solar array, using some electricity for your farm and selling the rest to the utility.
    • Or you can keep going as you have been, hoping your farm can somehow survive.

    Thousands of farmers across the country, including in the Central Valley, are choosing one of the first two options. A 2022 survey by the U.S. Department of Agriculture found that roughly 117,000 U.S. farm operations have some type of solar device. Our own work has identified over 6,500 solar arrays currently located on U.S. farmland.

    Our study of nearly 1,000 solar arrays built on 10,000 acres of the Central Valley over the past two decades found that solar power and farming are complementing each other in farmers’ business operations. As a result, farmers are making and saving more money while using less water – helping them keep their land and livelihood.

    A hotter, drier and more built-up future

    Perhaps nowhere in the U.S. is farmland more valuable or more productive than California’s Central Valley. The region grows a vast array of crops, including nearly all of the nation’s production of almonds, olives and sweet rice. Using less than 1% of all farmland in the country, the Central Valley supplies a quarter of the nation’s food, including 40% of its fruits, nuts and other fresh foods.

    The food, fuel and fiber that these farms produce are a bedrock of the nation’s economy, food system and way of life.

    But decades of intense cultivation, urban development and climate change are squeezing farmers. Water is limited, and getting more so: A state law passed in 2014 requires farmers to further reduce their water usage by the mid-2040s.

    California’s Central Valley is some of the most productive cropland in the country.
    Citizen of the Planet/UCG/Universal Images Group via Getty Images

    The trade-offs of installing solar on agricultural land

    When the solar arrays we studied were installed, California state solar energy policy and incentives gave farm landowners new ways to diversify their income by either leasing their land for solar arrays or building their own.

    There was an obvious trade-off: Turning land used for crops to land used for solar usually means losing agricultural production. We estimated that over the 25-year life of the solar arrays, this land would have produced enough food to feed 86,000 people a year, assuming they eat 2,000 calories a day.

    There was an obvious benefit, too, of clean energy: These arrays produced enough renewable electricity to power 470,000 U.S. households every year.

    But the result we were hoping to identify and measure was the economic effect of shifting that land from agricultural farming to solar farming. We found that farmers who installed solar were dramatically better off than those who did not.

    They were better off in two ways, the first being financially. All the farmers, whether they owned their own arrays or leased their land to others, saved money on seeds, fertilizer and other costs associated with growing and harvesting crops. They also earned money from leasing the land, offsetting farm energy bills, and selling their excess electricity.

    Farmers who owned their own arrays had to pay for the panels, equipment and installation, and maintenance. But even after covering those costs, their savings and earnings added up to US$50,000 per acre of profits every year, 25 times the amount they would have earned by planting that acre.

    Farmers who leased their land made much less money but still avoided costs for irrigation water and operations on that part of their farm, gaining $1,100 per acre per year – with no up-front costs.

    The farmers also conserved water, which in turn supported compliance with the state’s Sustainable Groundwater Management Act water use reduction requirements. Most of the solar arrays were installed on land that had previously been irrigated. We calculated that turning off irrigation on this land saved enough water every year to supply about 27 million people with drinking water or irrigate 7,500 acres of orchards. Following solar array installation, some farmers also fallowed surrounding land, perhaps enabled by the new stable income stream, which further reduced water use.

    Irrigation is key to cropland productivity in California’s Central Valley. Covering some land with solar panels eliminates the need for irrigation of that area, saving water for other uses elsewhere.
    Citizen of the Planet/UCG/Universal Images Group via Getty Images

    Changes to food and energy production

    Farmers in the Central Valley and elsewhere are now cultivating both food and energy. This shift can offer long-term security for farmland owners, particularly for those who install and run their own arrays.

    Recent estimates suggest that converting between 1.1% and 2.4% of the country’s farmland to solar arrays would, along with other clean energy sources, generate enough electricity to eliminate the nation’s need for fossil fuel power plants.

    Though many crops are part of a global market that can adjust to changes in supply, losing this farmland could affect the availability of some crops. Fortunately, farmers and landowners are finding new ways to protect farmland and food security while supporting clean energy.

    One such approach is agrivoltaics, where farmers install solar designed for grazing livestock or growing crops beneath the panels. Solar can also be sited on less productive farmland or on farmland that is used for biofuels rather than food production.

    Even in these areas, arrays can be designed and managed to benefit local agriculture and natural ecosystems. With thoughtful design, siting and management, solar can give back to the land and the ecosystems it touches.

    Farms are much more than the land they occupy and the goods they produce. Farms are run by people with families, whose well-being depends on essential and variable resources such as water, fertilizer, fuel, electricity and crop sales. Farmers often borrow money during the planting season in hopes of making enough at harvest time to pay off the debt and keep a little profit.

    Installing solar on their land can give farmers a diversified income, help them save water, and reduce the risk of bad years. That can make solar an asset to farming, not a threat to the food supply.

    Jacob Stid works for Michigan State University. Funding for this work came from the US Department of Agriculture’s National Institute of Food and Agriculture program and the Department of Earth and Environmental Sciences at Michigan State University. He also receives funding from the Foundation for Food and Agricultural Research.

    Annick Anctil receives funding from NSF and USDA.

    Anthony Kendall receives funding from the USDA, NASA, the NSF, and the Foundation for Food and Agricultural Research. He is an Assistant Professor at Michigan State University, and serves on the nonprofit board of the FLOW Water Advocates.

    – ref. California farmers identify a hot new cash crop: Solar power – https://theconversation.com/california-farmers-identify-a-hot-new-cash-crop-solar-power-259653

    MIL OSI Analysis –

    July 17, 2025

  • MIL-OSI United Kingdom: UK Export Finance makes historic first visit to Turkmenistan

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK Export Finance makes historic first visit to Turkmenistan

    UK Export Finance visited Turkmenistan for the first time last month and met with key ministries and institutions.

    Ms Clare Allbless, Deputy Head of Mission, British Embassy Ashgabat, Ms Sebnem Alp, UKEF Country Head for Türkiye, Eastern Europe and Central Asia, and Ms Irem Kayhan, Deputy Head for Türkiye, Turkmenistan & Mongolia, Mr Eldar Latypov, Project Officer, British Embassy Ashgabat.

    The British Embassy in Ashgabat is pleased to announce the successful conclusion of the first-ever visit to Turkmenistan by senior representatives of UK Export Finance (UKEF), the UK Government’s export credit agency. From 23 to 27 June 2025, Ms Sebnem Alp, UKEF Country Head for Türkiye, Eastern Europe and Central Asia, and Ms Irem Kayhan, Deputy Head for Türkiye, Turkmenistan & Mongolia, held high-level meetings with key ministries and institutions across Turkmenistan.

    Productive discussions with the Ministries.

    The visit, graciously facilitated by the Ministry of Foreign Affairs of Turkmenistan, included productive discussions with the Ministry of Finance and Economy, Ministry of Energy, Central Bank, Vnesheconombank, and other strategic agencies. These engagements explored opportunities for UKEF to support major sovereign projects across infrastructure, fertiliser, transport, agriculture, water, and green transition sectors in Turkmenistan, potentially backed by UKEF guarantee support of up to £5 billion

    Ms Clare Allbless, Deputy Head of Mission, British Embassy Ashgabat, Ms Sebnem Alp, UKEF Country Head for Türkiye, Eastern Europe and Central Asia, and Ms Irem Kayhan, Deputy Head for Türkiye, Turkmenistan & Mongolia, Mr Eldar Latypov, Project Officer, British Embassy Ashgabat.

    This milestone visit marks a new chapter in UK – Turkmenistan relations and opens the door to deeper bilateral trade and investment cooperation. The British Embassy stands ready to support continued dialogue and collaboration between UKEF and the Government of Turkmenistan to deliver sustainable, high-quality development outcomes.

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    Published 16 July 2025

    MIL OSI United Kingdom –

    July 17, 2025

  • MIL-OSI: Troller Cat Launches Beta Game Center Ahead of Presale Price Hike, Raises Over $325K in Stage 13

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Ethereum-based project Troller Cat ($TCAT) has officially launched the Beta version of its Game Center as its presale enters Stage 13. With over $325,000 raised and a 15% price increase set to go live in 72 hours, the project is attracting growing interest from meme coin investors and gaming enthusiasts alike.

    The newly released Troller Cat Game Center Beta features two browser-based games—Troller Verse, an endless runner, and Troller Dash, a wall-jumping reflex game. The games are inspired by viral internet culture and reflect the project’s broader mission to blend community humor with gamified tokenomics.

    “We believe meme coins can do more than ride hype cycles,” said a Troller Cat spokesperson. “The Game Center is the first step toward utility that rewards engagement while supporting token value through monetization and deflationary mechanics.”

    Gamified Tokenomics with Burn-Back Utility

    While the current Beta release focuses solely on gameplay, the full launch will introduce video and display ads, generating revenue that will be used to buy back and burn $TCAT tokens from the open market. This deflationary mechanism is designed to reduce supply over time while incentivizing long-term participation.

    The presale is structured across 26 themed stages, each referencing iconic internet “troll” moments. Stage 13, called “The ‘Friday’ Phenomenon”, draws from the viral rise of pop culture content. The current token price is $0.00008406, with a listing price set at $0.0005309, offering potential early investors a discounted entry point ahead of the next price tier.

    More than 1,400 holders have already joined the presale, and with just three days remaining before the next 15% price increase, the window for entry at this level is closing.

    Market Context: Meme Coin Sector Shows Signs of Rotation

    Troller Cat’s momentum comes as other meme coins show signs of cooling. Notably, Dogwifhat (WIF) and Dogs (DOGS) have experienced price corrections in the past 24 hours, down 7.29% and 5.83%, respectively. Market participants are now closely watching emerging tokens with utility-driven mechanics and structured presale phases.

    Tokenomics Snapshot

    • Current Stage 13 Price: $0.00008406
    • Listing Price: $0.0005309
    • Projected ROI from Stage 13 to Listing: ~531.57%
    • Current Holders: 1,400+
    • Presale Raised: Over $325,000
    • Next Price Increase: In 72 hours (Stage 14)

    For users purchasing $25 or more, a referral code system is available, allowing both referrers and referees to receive a 10% bonus on token allocations.

    About Troller Cat

    Troller Cat ($TCAT) is an Ethereum-based meme coin project combining viral internet culture, structured presale mechanics, and gamified economics. With 26 themed presale stages, a community-first approach, and a deflationary model powered by ad revenue, Troller Cat aims to redefine the meme coin experience through interactive participation and scarcity-driven value creation.

    For More Information:

    Media Contact:
    Troller Cat Team
    Email: info@trollercat.io
    Admin@trollercat.com

    Telegram: https://t.me/trollercatofficial

    Disclaimer: This content is provided by Troller Cat. 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. We do not guarantee any claims, statements, or promises made in this article. 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. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. 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. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    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 assume no responsibility for any inaccuracies, errors, or omissions. 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/fd5971de-f1af-41d6-b4c7-822feb269d2e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/edc87764-a86f-4f9f-af92-65f68f200b94

    The MIL Network –

    July 17, 2025

  • MIL-OSI: BAY Miner Unveils Groundbreaking Smartphone App to Revolutionize Bitcoin and Crypto Mining

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, FL, July 16, 2025 (GLOBE NEWSWIRE) — In a monumental step for crypto innovation, BAY Miner officially launches its cutting-edge mobile cloud mining application, turning any smartphone into a high-performance crypto mining device—no hardware, wires, or maintenance required.

    As Bitcoin surges past $118,000 and Ethereum garners increased institutional backing, BAY Miner’s revolutionary app is poised to democratize crypto mining. By combining AI-optimized mining, renewable energy, and user-first simplicity, BAY Miner is opening doors for millions to earn passive income in the digital economy.

    AI-Powered Mining with Zero Hardware Dependency

    The BAY Miner app eliminates the need for bulky rigs or advanced tech skills. It harnesses artificial intelligence to dynamically allocate computing power, ensuring each user enjoys maximum mining efficiency.

    “Our goal is simple: remove the technical and financial barriers that have kept everyday users out of crypto mining,” said a BAY Miner spokesperson.

    Key Features of the BAY Miner App

    ✅ No Hardware Needed

    Users mine BTC, ETH, and XRP using just their smartphones. No rigs. No overheating. No complications.

    ✅ AI-Based Optimization

    Smart algorithms maximize output and distribute resources intelligently for optimal performance.

    ✅ Green Energy Integration

    BAY Miner is built on a sustainable, eco-friendly energy model, ensuring mining doesn’t come at the planet’s expense.

    ✅ 24/7 Global Mining Access

    The platform operates round-the-clock, enabling users to mine anytime, from anywhere in the world.

    ✅ Real-Time Earnings and Payouts

    Track your income in real time, with automatic daily payouts to your wallet every 24 hours.

    Getting Started Is Simple

    Mining crypto with BAY Miner is as effortless as it gets:

    1. Download the App
      Visit www.bayminer.com or use the official App Download Link
    2. Register with Your Email
      No ID verification or complex setup required.
    3. Activate Your Free Cloud Mining Contract
      Start mining immediately—zero cost to begin.
    4. Earn and Track in Real Time
      Your smartphone becomes a live mining machine, with updates on your dashboard.
    5. Withdraw or Reinvest
      Once your balance reaches $100, withdraw your earnings or reinvest to scale your profits.

    USD-Based Contract Model Ensures Earnings Stability

    To protect miners from crypto market volatility, BAY Miner pegs all contracts to USD. Users can deposit crypto assets like BTC, ETH, XRP, DOGE, LTC, BCH, USDT (ERC20/TRC20), and SOL. The platform converts these into USD at real-time rates, locking in value and ensuring predictable earnings.

    This model gives users the flexibility of crypto with the stability of fiat, a rare and powerful combination in today’s turbulent digital landscape.

    Why BAY Miner Is the Top Choice in 2025

    The crypto market in 2025 is competitive, but BAY Miner continues to lead the pack with a platform that’s trusted, scalable, and transparent.

    Trusted Worldwide

    Over 10 million users in 180+ countries are actively mining with BAY Miner.

    Eco-Conscious Mining

    Unlike traditional mining farms, BAY Miner is powered by green energy, making it a responsible choice for the environmentally aware.

    Instant Daily Rewards

    Users receive BTC, ETH, or XRP rewards every 24 hours—fast, consistent, and reliable.

    No Equipment, No Barriers

    Forget wires, GPUs, and electricity bills. Just tap, mine, and earn.

    Free & Flexible Plans

    Whether you’re testing the waters or scaling fast, BAY Miner offers free starter contracts and scalable paid options.

    Transparent & Secure

    Real-time dashboards, automatic payouts, and enterprise-grade security make BAY Miner a safe haven for miners.

    Join the Mobile Mining Revolution Today

    BAY Miner is redefining how crypto is mined. It’s a hardware-free, eco-smart, AI-driven platform designed for anyone—from crypto newbies to seasoned investors.

    In just minutes, you can turn your smartphone into a digital goldmine and start earning passive crypto income.

    Start Now: www.bayminer.com
     Email: info@bayminer.com
    Download the App: https://bayminer.com/xml/index.html#/app

    No rigs. No wires. No boundaries. Just smart mining, made simple. BAY Miner is your gateway to the future of digital income.

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Tenable Announces Date For Its Second Quarter Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., July 16, 2025 (GLOBE NEWSWIRE) — Tenable® (NASDAQ: TENB), the exposure management company, today announced it will release its financial results for its second quarter ended June 30, 2025, after the U.S. market close on Wednesday, July 30, 2025. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results.

    A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. A live dial-in will be available domestically at 1-877-407-9716 or internationally at 1-201-493-6779. An archived replay will be available following the call.

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Tenable Announces Date For Its Second Quarter Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., July 16, 2025 (GLOBE NEWSWIRE) — Tenable® (NASDAQ: TENB), the exposure management company, today announced it will release its financial results for its second quarter ended June 30, 2025, after the U.S. market close on Wednesday, July 30, 2025. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results.

    A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. A live dial-in will be available domestically at 1-877-407-9716 or internationally at 1-201-493-6779. An archived replay will be available following the call.

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Big Developments for Drone Stocks as White House Issues Executive Order to Unleash American Drone Dominance

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 16, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Two recent actions by the White House and the Department of Defense have been issued to cut the “Red Tape” and Unleash American Drone Dominance. An article in TheHill.com said that: “Secretary of Defense Pete Hegseth issued a new directive to fast-track U.S. drone production and “cut red tape,” he announced in a video posted to social media. A new Pentagon memo outlined the U.S. military’s need to keep pace as global military drone production has skyrocketed lately, and the war between Russia and Ukraine has revealed the increasing importance of using more drones for modern warfare. Hegseth made the announcement of the major overhaul in U.S. military drone policy in a social media video where he can be seen flanked by operating drones. Hegseth said the Pentagon is cutting “red tape” and speeding up production. He also said he wants service members from all branches of the military to be trained in drone operations. “We were brought here to rebuild the military and match capabilities to the threats of today,” said Hegseth. “So while our adversaries have produced millions of cheap drones before us, we were mired in bureaucratic red tape, not anymore.” Also an Executive Order from the White House on June 6, 2025 addressed the issue to Unleash American Drone Dominance. It said, in part: “The Department of Defense must be able to procure, integrate, and train using low-cost, high-performing drones manufactured in the United States.” Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AeroVironment, Inc. (NASDAQ: AVAV), Unusual Machines, Inc. (NYSE American: UMAC).

    The order continued: “Within 90 days of the date of this order, the Secretary of Defense shall coordinate with the Secretary of Transportation, acting through the Administrator of the FAA to streamline the approval processes to expand access to airspace for conducting UAS training. Within 90 days of the date of this order, the Secretary of Defense shall, in consultation with the Secretary of Commerce, acting through the Assistant Secretary of Commerce for Communications and Information, and the Federal Communications Commission, submit a report to the President through the Assistant to the President for National Security Affairs (APNSA) describing any unnecessary barriers to accessing electromagnetic spectrum for conducting UAS training.”

    Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) Commander3 XL UAV Selected by Major Branch of the U.S. Department of Defense for Advanced Operation Initiatives – Draganfly Inc. (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the successful selection of its Commander3 XL (C3XL) UAV platform, also known as the ‘Swiss Army Knife’ of drones, by a major branch of the United States Department of Defense (DoD). This delivery supports next-generation deployment initiatives focused on advanced reconnaissance in combination with operational capabilities.

    The procurement was facilitated through a known prime contractor, with Draganfly engaging directly with end-user military stakeholders to ensure the platform was tailored to meet real-world mission requirements. The Commander3 XL platform is to be deployed for intelligence, surveillance, and reconnaissance (ISR) missions that require additional operational capabilities underscoring the growing demand for adaptable UAV platforms in active defense scenarios.

    “This delivery further validates the Commander3 XL’s reliability and versatility for frontline applications,” said Cameron Chell, CEO of Draganfly. “We’re honored to support the DoD’s commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness.”

    The Commander3 XL is renowned for its robust flight performance, modular payload options, and mission-specific adaptability, making it a trusted platform for complex defense, security, and emergency response operations. CONTINUED… Read this full press release and more news for Draganfly at: https://draganfly.com/news/

    Other recent developments in the drone industry of note include:

    ZenaTech, Inc. (NASDAQ: ZENA), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, recently announced it will accelerate expansion of its Phoenix Arizona-based facilities — including tripling the square footage size — to enable full US drone manufacturing, assembly and testing. This expansion comes earlier than expected due to the recent transformative US policy directives from the White House, the Department of Defense, and the recently passed ‘One Big Beautiful Bill’ that collectively have unlocked federal funding for domestic production, cut outdated certification and procurement barriers, and fast-tracked deployment directly to frontline units without requiring Blue or Green UAS (Unmanned Aerial System) certification.

    These new directives make it dramatically easier and faster for American drone companies—especially those building Group 1 and 2 affordable drone systems—to sell directly to the military, scale production, and innovate without delays from traditional defense procurement bottlenecks. Together, they signal a clear national priority: build drones in America, field them fast, and outpace adversaries.

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock resulting in gross proceeds of approximately $46.75 million, before deducting placement agent fees and other offering expenses. The offering closed on June 18, 2025.

    The Company intends to use net proceeds from the offering for general corporate and working capital purposes, including but not limited to operating expenditures related to its new unmanned surface vessel division.

    “We believe this financing positions Red Cat for significant growth in the drone industry and will accelerate our product development and production for our newly formed Unmanned Surface Vessels (USVs) division for the maritime autonomy market,” said Jeff Thompson, Founder, Chairman and Chief Executive Officer of Red Cat.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced that its Wildcat uncrewed aircraft system (UAS) has achieved a series of development milestones in support of the Defense Advanced Research Projects Agency’s (DARPA) Early VTOL Aircraft Demonstration (EVADE). Wildcat has successfully completed VTOL-to-forward-flight transitions, validated its core flight and propulsion systems, and begun integrating critical mission payloads—demonstrating rapid progress toward an operationally relevant capability.

    Wildcat is a Group 3, tail-sitting vertical take-off and landing (VTOL) aircraft designed for launch and recovery from ship decks in denied and distributed maritime environments. Its compact footprint, autonomous launch and recovery, and robust flight performance across high sea states make it a flexible and scalable solution for contested littoral operations.

    Unusual Machines, Inc. (NYSE American:UMAC), a leader in drone technology and component manufacturing, recently announced the appointment of Tim Manton, CPA, as Corporate Controller, reporting to Chief Financial Officer Brian Hoff. Manton brings more than 15 years of experience in financial operations, M&A, and reporting across high-growth and acquisition-driven companies.

    “Tim brings strong financial acumen and experience critical to dynamic, scaling environments,” said Hoff. “His background in M&A, systems integration, and financial oversight makes him a valuable addition as we sharpen our focus on execution and operational efficiency.”

    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

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

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

    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 twenty five hundred dollars for news coverage of the current press releases issued by Draganfly Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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

    Contact Information:

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

    SOURCE: FN Media Group, LLC.

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Point Predictive Brings Industry-Leading Fraud Detection And Automation to MeridianLink Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 16, 2025 (GLOBE NEWSWIRE) — Point Predictive, the leader in fraud prevention solutions for the lending industry, today announced a new integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The new integration with MeridianLink® Consumer is in addition to the previous integration of MeridianLink DecisionLender®.

    The new integration allows financial institutions to leverage Point Predictive’s comprehensive risk scoring, alerts, and reporting capabilities without leaving their existing MeridianLink Consumer workflow. By embedding AutoPass™ technology directly into the loan origination process, lenders can identify potential fraud in real time while simultaneously reducing document requirements for low-risk applicants. This empowers financial institutions to better protect themselves from fraud while helping to streamline the lending process for members and customers.

    “Credit Unions and banks today face the challenge of combating increasingly sophisticated fraud schemes while meeting their members’ expectations for faster, safer, and more convenient lending experiences,” said Tim Grace, CEO of Point Predictive. “Our integration with MeridianLink Consumer addresses those challenges by delivering powerful fraud detection capabilities within lenders’ existing processes to help identify risk without introducing friction for legitimate borrowers. We are proud to expand our partnership with MeridianLink to bring our powerful scores and alerts to their over 1,900 customers that depend on them.”

    AutoPass helps financial institutions automatically approve up to 80% of credit-approved applications by providing insights that can reduce requirements for proof of income, employment, and identity. The solution’s comprehensive risk score helps prevent 40% to 60% of loans that would default in the first 6-12 months, which often accounts for a significant portion of lender losses annually.

    “At MeridianLink, we’re committed to providing our clients with best-in-class technology that enhances operational efficiency while protecting their financial interests,” said Megan Pulliam, SVP of Marketplace at MeridianLink. “Integrating Point Predictive’s AutoPass solution gives our clients powerful new tools to help combat fraud without sacrificing the streamlined lending experience that both consumers and financial institutions expect.”

    For credit unions and community banks that may lack extensive fraud prevention resources, the integration provides enterprise-level protection through an easy-to-implement solution. The technology draws on Point Predictive’s proprietary data repository of over 87 billion risk insights, encompassing billions of risk attributes across hundreds of millions of historical loan applications from hundreds of lenders and banks.

    The integration features over 150 comprehensive alerts to identify various fraud types, including identity fraud, income fraud, employment fraud, straw borrowers (those buying a vehicle for someone else but representing it is for themselves), collateral fraud (misrepresentation of the vehicle VIN number, etc.), and Dealer fraud.

    Early adopters report significant benefits, including reduced fraud losses, faster application processing times, and increased loan conversion rates. One credit union using the integrated solution has seen a 45% reduction in stipulation requests and a 38% increase in conversions by automating their fraud checks with Point Predictive’s scores and alerts.

    The integration is available to all MeridianLink Consumer, DecisionLender®, and LoansPQ platform customers.

    About Point Predictive

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as paystubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line. For more information, please visit pointpredictive.com.

    About MeridianLink

    MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.

    For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Point Predictive Brings Industry-Leading Fraud Detection And Automation to MeridianLink Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 16, 2025 (GLOBE NEWSWIRE) — Point Predictive, the leader in fraud prevention solutions for the lending industry, today announced a new integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The new integration with MeridianLink® Consumer is in addition to the previous integration of MeridianLink DecisionLender®.

    The new integration allows financial institutions to leverage Point Predictive’s comprehensive risk scoring, alerts, and reporting capabilities without leaving their existing MeridianLink Consumer workflow. By embedding AutoPass™ technology directly into the loan origination process, lenders can identify potential fraud in real time while simultaneously reducing document requirements for low-risk applicants. This empowers financial institutions to better protect themselves from fraud while helping to streamline the lending process for members and customers.

    “Credit Unions and banks today face the challenge of combating increasingly sophisticated fraud schemes while meeting their members’ expectations for faster, safer, and more convenient lending experiences,” said Tim Grace, CEO of Point Predictive. “Our integration with MeridianLink Consumer addresses those challenges by delivering powerful fraud detection capabilities within lenders’ existing processes to help identify risk without introducing friction for legitimate borrowers. We are proud to expand our partnership with MeridianLink to bring our powerful scores and alerts to their over 1,900 customers that depend on them.”

    AutoPass helps financial institutions automatically approve up to 80% of credit-approved applications by providing insights that can reduce requirements for proof of income, employment, and identity. The solution’s comprehensive risk score helps prevent 40% to 60% of loans that would default in the first 6-12 months, which often accounts for a significant portion of lender losses annually.

    “At MeridianLink, we’re committed to providing our clients with best-in-class technology that enhances operational efficiency while protecting their financial interests,” said Megan Pulliam, SVP of Marketplace at MeridianLink. “Integrating Point Predictive’s AutoPass solution gives our clients powerful new tools to help combat fraud without sacrificing the streamlined lending experience that both consumers and financial institutions expect.”

    For credit unions and community banks that may lack extensive fraud prevention resources, the integration provides enterprise-level protection through an easy-to-implement solution. The technology draws on Point Predictive’s proprietary data repository of over 87 billion risk insights, encompassing billions of risk attributes across hundreds of millions of historical loan applications from hundreds of lenders and banks.

    The integration features over 150 comprehensive alerts to identify various fraud types, including identity fraud, income fraud, employment fraud, straw borrowers (those buying a vehicle for someone else but representing it is for themselves), collateral fraud (misrepresentation of the vehicle VIN number, etc.), and Dealer fraud.

    Early adopters report significant benefits, including reduced fraud losses, faster application processing times, and increased loan conversion rates. One credit union using the integrated solution has seen a 45% reduction in stipulation requests and a 38% increase in conversions by automating their fraud checks with Point Predictive’s scores and alerts.

    The integration is available to all MeridianLink Consumer, DecisionLender®, and LoansPQ platform customers.

    About Point Predictive

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as paystubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line. For more information, please visit pointpredictive.com.

    About MeridianLink

    MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.

    For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Veeco Announces Date for Second Quarter Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    PLAINVIEW, N.Y., July 16, 2025 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) plans to release its second quarter 2025 financial results after the market closes on Wednesday, August 6, 2025. The company will host a conference call to review these results starting at 5:00 PM ET that day.

    To join the call, dial 1-877-407-8029 (toll-free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting Veeco’s investor relations website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening.

    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 | (516) 714-1202 | bwright@veeco.com

            

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Bazaarvoice Holiday Shopping 2025 Report: 47% of Today’s Smart, Selective Holiday Shoppers Are Buying Early to Avoid Price Increases

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 16, 2025 (GLOBE NEWSWIRE) — Bazaarvoice, Inc., the leading platform for authentic ratings and reviews and social commerce solutions, today released its latest holiday shopping study based on a survey of more than 8,000 global shoppers. The results revealed that in a challenging economy shoppers are scrutinizing value, options, and convenience. They are starting to holiday shop earlier, seeking out sales and free shipping, and opting for budget-friendly brands. 

    “Holiday shopping is here,” said Doug Straton, CMO at Bazaarvoice. “Shoppers are shopping earlier, prioritizing value, and turning to the trusted voices of their peers to guide their decisions – via reviews, social posts and other types of user-generated content. As the lines between content, commerce, and community continue to blur, it’s clear that authenticity, convenience, and trust remain key for holiday retail success.”

    Global survey highlights include:

    • Holiday shoppers are getting smarter and more strategic: 38% of all shoppers start holiday shopping before October, just 9% start in December. Almost half (47%) say they’re buying early to avoid price increases, while the other half (51%) say they wait for major sales like Black Friday. When it comes to shipping, price trumps speed as 48% said they would buy another product to qualify for free shipping, while only 21% said they would do the same to qualify for faster shipping. Lastly, affordable options rule, with nearly 45% actively seeking value, budget-friendly brands/low-cost alternatives.
    • Social media is no longer just a search engine, it’s a checkout: Compared to 2024, holiday purchases on social media jumped nine points, while the number of shoppers discovering gifts on social media dropped 16 points. Social platforms are successfully converting their discovery advantage into a direct sales channel.
    • Omnichannel experiences are a shopper’s expectation: Shoppers no longer think in channels, they expect seamless journeys. While 74% are planning to buy holiday gifts online, 53% will still do in-store shopping in some capacity in 2025. Over half (56%) of those 18-34 favor online shopping, while 49% of those 35-54 value in-store experiences. 
    • Content creators are shoppers’ holiday shopping north star: Trust in creator recommendations for the holidays increased by 30% compared to last year. Shoppers are becoming less focused on the product and more focused on who’s recommending it. Those 18-34 are most open to influencer recommendations, with 55% preferring micro influencers or their friends/family over mega influencers.
    • Authenticity is still very valued: Shoppers who are checking reviews for authenticity while holiday shopping is up from 40% last year to 50% this year. On the flip side, acceptance of AI-generated social content declined from 33% to 20% year-over-year. 

    To see more about the report, visit Bazaarvoice’s Holiday Headquarters. 

    Research methodology
    The research was commissioned by Bazaarvoice and conducted in March 2025 by Savanta among over 8,000 consumers in the United States, United Kingdom, Germany, France, Australia, and Canada. 

    About Bazaarvoice
    Bazaarvoice is reshaping how brands and retailers connect with consumers by putting the consumer voice first, which includes ratings and reviews. With an end-to-end, commerce-empowered omni-channel content solutions and analytics platform, Bazaarvoice helps 14,000+ brands and retailers inform consumer decisions consistently and at scale at every stage of the shopper journey, on every platform where shoppers live. 2.5B shoppers use the Bazaarvoice Network on a monthly basis.

    Founded in 2005, Bazaarvoice is headquartered in Austin, Texas, with offices in North America, Europe, Australia, and India. For more information, visit www.bazaarvoice.com.

    Press Contact
    Lauren Venticinque
    Lauren.venticinque@bazaarvoice.com

    The MIL Network –

    July 17, 2025

  • MIL-OSI: OPTIZMO™ Returns as the Official Email Compliance Sponsor for MailCon 2025

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 16, 2025 (GLOBE NEWSWIRE) — OPTIZMO Technologies, the leading platform for email suppression list management, data security, and email compliance, proudly announces its return as the Official Email Compliance Sponsor for MailCon 2025, taking place on Sunday, August 3, at Convene, Times Square, in New York City.

    Hosted and operated by Phonexa, MailCon has become the premier destination for high-volume email marketers and performance-driven acquisition professionals. It brings together advertisers, lead gen experts, and marketing technologists to explore the evolving future of email, multichannel, and compliance strategies at scale.

    This year’s event will spotlight key industry trends, including inbox engagement, the impact of AI on email strategy, compliance, and consent in cold outreach, and vertical-specific acquisition strategies across sectors like insurance, health, finance, automotive, and home services. With an emphasis on monetization, offer scaling, and long-term value, MailCon offers a one-day agenda packed with insights and tactical sessions designed for practitioners and decision-makers alike.

    MailCon 2025 also introduces several new experiences this year:

    • A reimagined exhibit hall designed to keep traffic flowing and conversations energized throughout the day
    • The launch of Amplify by Phonexa, a new live content studio spotlighting partner interviews, thought leadership, and product launches
    • The Zero Parallel Cocktail Reception, providing a casual, pre-event networking opportunity at the Convene
    • The return of the MailCon Mixer, hosted at Ascent Lounge NYC, offering attendees a signature after-party with panoramic skyline views

    As a longtime MailCon sponsor and advocate for compliant email practices, OPTIZMO is committed to driving innovation, transparency, and compliance across the industry.

    “As a long-time supporter of MailCon, it’s great to return as the Official Email Compliance Sponsor again in 2025,” said Khris Thayer, CEO and Co-Founder of OPTIZMO. “It’s an exciting time for the email industry, and we’re proud to contribute to the conversations that are shaping its future.”

    As part of the MailCon agenda, OPTIZMO’s Chief Operating Officer, Tom Wozniak, will be featured in a Fireside Chat titled “Compliance, Credibility, and the Cost of Doing Nothing”. Joined by Jack Wrigley, VP of Partner Development at Webbula.

    Attendees are encouraged to visit Booth #129 to connect with the OPTIZMO team, learn more about their flagship compliance platform, Suppress, and get an exclusive first look at OPTIZMO’s newest product. It is a platform built to bring smarter orchestration, optimized workflows, and better performance to email campaign management.

    Following MailCon, OPTIZMO will also attend Affiliate Summit East (Meet Market Table #2405), taking place August 4-5 in New York. With a full team on-site, including members from their U.S. and Australia offices, OPTIZMO will continue connecting with partners and clients, highlighting innovations in email compliance and campaign execution. 

    About OPTIZMO
    OPTIZMO Technologies is the recognized thought leader in the email and online marketing space for email suppression list management and compliance, campaign orchestration and optimization, data management, and risk mitigation services. With an expert staff in pursuit of unrivaled efficiency, innovative technology, and an insatiable desire to problem-solve, clients find a customer-centric business model that not only enhances the way OPTIZMO clients do business but drives the company forward. The company is headquartered in Austin, TX, and has offices and team members in Charleston, Denver, and Brisbane, Australia.

    Media Contact:
    Antonio Jones
    Marketing Manager
    antonio@optizmo.com

    Tom Wozniak
    Chief Operating Officer
    tom@optizmo.com

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Plumas Bancorp Reports Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2025 of $6.3 million or $1.07 per share, a decrease of $465 thousand from $6.8 million or $1.15 per share during the second quarter of 2024. Diluted earnings per share decreased to $1.05 per share during the three months ended June 30, 2025 down from $1.14 per share during the quarter ended June 30, 2024.

    Return on average assets was 1.56% during the current quarter, down from 1.67% during the second quarter of 2024. Return on average equity decreased to 13.4% for the three months ended June 30, 2025, down from 17.1% during the second quarter of 2024.

    Net interest income decreased by $222 thousand from $18.4 million during the three months ended June 30, 2024, to $18.2 million during the current quarter. The provision for credit losses decreased from $925 thousand during the second quarter of 2024 to $860 thousand during the current quarter.

    Non-interest income increased by $159 thousand from $2.2 million during the three months ended June 30, 2024 to $2.4 million during the second quarter of 2025.

    Non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. Of this amount, $481 thousand relates to costs associated with our acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025 and we completed the merger on July 1, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $481 thousand in merger related costs, $239 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes decreased by $149 thousand from $2.5 million, 26.9% of pre-tax income, during the three months ended June 30, 2024 to $2.4 million, or 27.1% of pre-tax income, during the current quarter.

    For the six months ended June 30, 2025, the Company reported net income of $13.5 million or $2.28 per share, an increase of $461 thousand from $13.0 million or $2.21 per share earned during the six months ended June 30, 2024. Earnings per diluted share increased to $2.25 during the six months ended June 30, 2025, up $0.06 from $2.19 during the first six months of 2024.     

    Return on average assets was 1.67% during the six months ended June 30, 2025, up from 1.61% during the first half of 2024. Return on average equity decreased to 14.7% for the six months ended June 30, 2025, down from 16.7% during the first half of 2024.

    Net interest income increased by $860 thousand from $35.9 million during the six months ended June 30, 2024, to $36.7 million during the current period. The provision for credit losses decreased from $1.7 million during the first half of 2024 to $1.1 million during the current period.

    Non-interest income increased by $1.2 million from $4.3 million during the six months ended June 30, 2024 to $5.5 million during the first half of 2025 related primarily to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire which swept through the town of Greenville, California in August of 2021. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. Of this amount, $1.1 million relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. Of the $1.1 million in merger related costs, $801 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $583 thousand from $4.6 million, or 26.2% of pre-tax income, during the six months ended June 30, 2024 to $5.2 million, or 27.8% of pre-tax income, during the current period.

    Balance Sheet Highlights
    June 30, 2025 compared to June 30, 2024

    • Gross loans increased by $21 million, or 2%, to $1.0 billion.
    • Total deposits increased by $62 million, or 5%, to $1.4 billion.
    • Borrowings decreased by $105 million, or 88% to $15 million.
    • Total equity increased by $28 million, or 17%, to $193 million.
    • Book value per share increased by $4.53, or 16%, to $32.54.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, announced, “The third quarter of 2025 began with a major development for Plumas; we successfully completed our acquisitions of Cornerstone Community Bank and Bancorp, expanding our presence in California’s northern Sacramento Valley. We are thrilled to have Ken Robison, formerly a director at Cornerstone, join the boards of Plumas Bancorp and Bank. We also welcome Matt Moseley, former President and CEO of Cornerstone Community Bank, to the executive team as Market President. Their extensive leadership experience and market knowledge will be instrumental in the ongoing success of our combined organization.”

    Ryback continued, “Beyond the acquisition, we have also been focused on internal advancements. We are expanding our treasury management services to provide comprehensive, personalized banking solutions with enhanced security features. Simultaneously, we have gained efficiency in our lending process through on-going refinements to our lending platforms and department structures.”

    Ryback concluded, “We extend a warm welcome to the clients, employees, and shareholders of Cornerstone. We look forward to providing long-term value to our expanded shareholders, clients, team members, and communities.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $21 million, or 2%, from $997 million at June 30, 2024, to $1.0 billion at June 30, 2025. Increases in loans included $85 million in commercial real estate loans and $3 million in equity lines of credit; these items were partially offset by decreases of $29 million in automobile loans, $27 million in construction loans, $10 million in agricultural loans and $1 million in residential real estate loans.

    On   June 30, 2025, approximately 78% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 76% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. The increase in deposits includes increases of $67 million in money market accounts and $29 million in time deposits. Partially offsetting these increases were decreases of $2 million in demand deposits and $32 million in savings deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At June 30, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company had no brokered deposits at June 30, 2025 and June 30, 2024.

    Total investment securities decreased by $5 million from $445 million at June 30, 2024, to $440 million at June 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $31 million from $110 million at June 30, 2024, to $79 million at June 30, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2025 were $13.7 million, up from $9.1 million at June 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.84% at June 30, 2025 up from 0.56% at June 30, 2024. OREO decreased by $50 thousand from $141 thousand at June 30, 2024 to $91 thousand at June 30, 2025. Nonperforming loans were $13.6 million at June 30, 2025 and $9.0 million at June 30, 2024. Nonaccrual loans totaled $13.6 million at June 30, 2025 and $2.5 million at June 30, 2024. At June 30, 2025 there were no loans 90 days or more past due that were not on nonaccrual. The difference between the $2.5 million in nonaccrual loans at June 30, 2024 and the $9 million in nonperforming loans in 2024 were loans that were over 90 days past due, but not on nonaccrual. Nonperforming loans as a percentage of total loans increased to 1.34% at June 30, 2025, up from 0.90% at June 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.9 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the quarter we placed the loans on nonaccrual status. Interest reversed on these loans during the current quarter totaled $344 thousand and specific loan loss reserves totaling $931 thousand were applied against the loans.

    During the first half of 2025 we recorded a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand. The $1.1 million mostly relates to the specific loan loss reserves noted in the previous paragraph. This compares to a provision for credit losses of $1.7 million consisting of a provision for credit losses on loans of $1.8 million and a decrease in the reserve for unfunded commitments of $79 thousand during the six months ended June 30, 2024.

    Net charge-offs totaled $137 thousand and $610 thousand during the six months ended June 30, 2025 and 2024, respectively. The allowance for credit losses totaled $14.2 million at June 30, 2025 and $14.1 million at June 30, 2024. The allowance for credit losses as a percentage of total loans was 1.39% and 1.41% at June 30, 2025 and 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   June 30, 2025     June 30, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   1,150       1,825  
    Losses charged to allowance   (506 )     (1,010 )
    Recoveries                                   369       400  
    Balance, end of period $     14,209     $     14,082  
    Reserve for Unfunded
    Commitments    		  

    June 30, 2025

    		    

    June 30, 2024
    Balance, beginning of period $                                620     $ 799  
    Provision charged to operations   (40 )     (79 )
    Balance, end of period $                                 580     $ 720  

    Shareholders’ Equity

    Total shareholders’ equity increased by $27.9 million from $165.2 million at June 30, 2024, to $193.1 million at June 30, 2025. The $27.9 million includes earnings during the twelve-month period totaling $29.1 million, a decrease in accumulated other comprehensive loss of $4.4 million and restricted stock and stock option activity totaling $1.1 million. These items were partially offset by the payment of cash dividends totaling $6.7 million.

    Bank Term Funding Program (BTFP)

    At June 30, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and six-months ended June 30, 2024, was $1.3 million and $2.5 million, respectively.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $255 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $439 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2025, the Company could borrow up to $98 million at the Discount Window secured by investment securities with a fair value of $101 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2025 and 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $516 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $206 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

    Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2025

    Net interest income was $18.2 million for the three months ended June 30, 2025, a decrease of $222 thousand from the same period in 2024. The decrease in net interest income includes a decrease of $527 thousand in interest income partially offset by a decrease of $305 thousand in interest expense. Interest and fees on loans increased by $200 thousand related to growth in the loan portfolio partially offset by a decline in yield.

    Average loan balances increased by $39 million, while the average yield on these loans decreased by 18 basis points from 6.32% during the second quarter of 2024 to 6.14% during the current quarter. Of the 18 basis points decrease, 13 basis points relate to the reversal of $344 thousand in interest previously described under “Asset Quality” The average prime interest rate decreased from 8.5% during the second quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. Additionally, during the second quarter of 2024 we recovered $316 thousand in interest on loans that were classified as nonaccrual and which were paid off in full during the quarter which elevated loan yield during the 2024 quarter. The effect of these items was partially offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $75 million at June 30, 2025, and $62 million at June 30, 2024. The weighted average rate earned on this portfolio at June 30, 2025, was 8.3%. The Bank is also benefiting from the repricing of a portion of our Commercial Real Estate loans. Most of these loans are indexed to the 5-year Treasury note and reprice every five years.

    Interest on investment securities decreased by $30 thousand as yield on these securities decreased slightly from 4.11% during the 2024 quarter to 4.08% during the current quarter and average investment securities declined from $444 million during the three months ended June 30, 2024 to $442 million during the current quarter.

    Interest on cash balances decreased by $697 thousand related to a decline in average balance of $42 million and a decrease in average rate paid on cash balances of 104 basis points from 5.51% during the second quarter of 2024 to 4.47% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 5.40% during the second quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $305 thousand, related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.44% during the 2024 quarter to 1.33% in 2025 related to the decrease in these borrowings.

    Interest paid on deposits increased by $968 thousand and is broken down by product type as follows: money market accounts – $815 thousand, savings deposits – $83 thousand and time deposits $70 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances and the rate earned on these balances. During the second half of 2024 and continuing into 2025, we have offered a premium money market rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to the significant increase in balances and rate paid on money market accounts. The average balance of money market accounts during the current quarter was $288 million, an increase of $72 million from $216 million during the three months ended June 30, 2024. The average rate paid on money market accounts increased 92 basis points to 1.79%. The increase in interest on savings accounts was driven by an increase in the average rate paid of 12 basis points to 34 basis points. The increase in interest on time deposits includes an increase in average balance of $23 million partially offset by a decline in average rate paid of 33 basis points to 2.53% as promotional time deposits issued in 2024 matured. Many of these promotional time deposits were renewed at lower rates. The average rate paid on interest-bearing deposits increased from 0.84% during the second quarter of 2024 to 1.30% during the current quarter. The average balance of interest-bearing deposits increased from $633 million during the three months ended June 30, 2024 to $705 million during the quarter.

    Net interest margin for the three months ended June 30, 2025 decreased 6 basis points to 4.83%, down from 4.89% for the same period in 2024. Excluding the $344 thousand in interest reversed described earlier, net interest margin for the three months ended June 30, 2025 would have been 4.93%.

    Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2025

    Net interest income for the six months ended June 30, 2025 was $36.7 million, an increase of $860 thousand from the $35.9 million earned during the same period in 2024. The increase in net interest income includes an increase of $36 thousand in interest income and a reduction in interest expense of $824 thousand.

    Interest and fees on loans increased by $1.0 million related to an increase in average balance partially offset by a decline in yield. The average balance of loans during the six months ended June 30, 2025 was $1.0 billion, an increase of $44 million from $972 million during the same period in 2024. The average yield on loans decreased by 6 basis points from 6.21% during the first six months of 2024 to 6.15% during the current period.

    Interest on investment securities increased by $84 thousand related to an increase in yield of 21 basis points to 4.10% partially offset by a decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $462 million during the six months ended June 30, 2024 to $443 million during the current period.

    Interest on cash balances declined by $1.1 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 104 basis points to 4.5% and the average balance declined from $81.8 million during the first six months of 2024 to $53.8 million during the current period.

    Related to a $2.5 million decline in interest on BTFP borrowings partially offset by an increase in interest bearing deposits and an increase in the cost of these deposits, interest expense decreased from $5.3 million during the six months ended June 30, 2024 to $4.5 million during the current period. The average rate paid on interest bearing liabilities decreased from 1.39% during the 2024 period to 1.24% in 2025.

    Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts – $1.6 million and savings deposits – $109 thousand. The average rate paid on interest-bearing deposits increased from 0.79% during the six months ended June 30, 2024 to 1.21% during the current period. Average interest-bearing deposits totaled $698 million during the first half of 2025 an increase of $62 million from $636 million during the first half of 2024.

    Net interest margin for the six months ended June 30, 2025 increased 13 basis points to 4.89%, up from 4.76% for the same period in 2024.

    Non-Interest Income/Expense – Three Months Ended June 30, 2025

    Non-interest income increased by $159 thousand to $2.4 million during the current quarter. The largest increase was related to a $184 thousand adjustment to the value of our stock holdings in one of our correspondent banks.

    During the three months ended June 30, 2025, total non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. The largest components of this increase were merger related expenses of $481 thousand and salary and benefit expense of $270 thousand. The increase in salary and benefit expense includes an increase in salary expense of $216 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $144 thousand was offset by a decline in commission expense of $180 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters.

    Non-Interest Income/Expense – Six Months Ended June 30, 2025

    During the six months ended June 30, 2025, non-interest income totaled $5.6 million, an increase of $1.2 million from the six months ended June 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

    During the six months ended June 30, 2025, total non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. The largest components of this increase were merger related expenses of $1.1 million, salary and benefit expenses of $784 thousand and occupancy and equipment expenses of $425 thousand. The increase in salary and benefit expense included an increase in salary expense of $484 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $257 thousand was offset by a decline in commission expense of $317 thousand. Both items mostly relate to a decline in SBA loan production during the comparison periods. The increase in occupancy and equipment expense mostly relates to an increase in rent expense of $374 thousand related to the February 2024 sales/leaseback transaction. Partially offsetting these increases in expense were several reductions in non-interest expense the largest of which was a reduction in professional fees of $320 thousand. Included in professional fees during the six months ended June 30, 2024 were legal expenses totaling $188 thousand related to a litigation matter that was settled in the second half of 2024.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
      As of June 30,        
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 79,266   $ 109,852   $ (30,586)   (27.8)%
    Investment securities 439,676   445,132   (5,456)   (1.2)%
    Loans, net of allowance for credit losses 1,006,873   986,517   20,356   2.1%
    Premises and equipment, net 12,065   12,868   (803)   (6.2)%
    Right-of-use assets 23,912   24,975   (1,063)   (4.3)%
    Bank owned life insurance 16,736   16,310   426   2.6%
    Real estate acquired through foreclosure 91   141   (50)   (35.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 44,396   40,800   3,596   8.8%
    Total assets $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,366,827   $ 1,304,587   $ 62,240   4.8%
    Accrued interest payable and other liabilities 53,611   52,355   1,256   2.4%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,435,438   1,476,942   (41,504)   (2.8)%
    Common stock 29,803   28,656   1,147   4.0%
    Retained earnings 183,954   161,608   22,346   13.8%
    Accumulated other comprehensive loss, net (20,678)   (25,109)   4,431   17.6%
    Shareholders’ equity 193,079   165,155   27,924   16.9%
    Total liabilities and shareholders’ equity $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED JUNE 30, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,633   $ 21,160   $ (527)   (2.5)%
    Interest expense 2,450   2,755   (305)   (11.1)%
    Net interest income before provision for credit losses 18,183   18,405   (222)   (1.2)%
    Provision for credit losses 860   925   (65)   (7.0)%
    Net interest income after provision for credit losses 17,323   17,480   (157)   (0.9)%
    Non-interest income 2,361   2,202   159   7.2%
    Non-interest expense 11,012   10,396   616   5.9%
    Income before income taxes 8,672   9,286   (614)   (6.6)%
    Provision for income taxes 2,351   2,500   (149)   (6.0)%
    Net income $ 6,321   $ 6,786   $ (465)   (6.9)%
                   
    Basic earnings per share $ 1.07   $ 1.15   $ (0.08)   (7.0)%
    Diluted earnings per share $ 1.05   $ 1.14   $ (0.09)   (7.9)%
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
              Dollar   Percentage
    FOR THE SIX MONTHS ENDED JUNE 30, 2025   2024   Change   Change
                   
    Interest income $ 41,223   $ 41,187   $ 36   0.1%
    Interest expense 4,501   5,325   (824)   (15.5)%
    Net interest income before provision for credit losses 36,722   35,862   860   2.4%
    Provision for credit losses 1,110   1,746   (636)   (36.4)%
    Net interest income after provision for credit losses 35,612   34,116   1,496   4.4%
    Non-interest income 5,574   4,342   1,232   28.4%
    Non-interest expense 22,477   20,793   1,684   8.1%
    Income before income taxes 18,709   17,665   1,044   5.9%
    Provision for income taxes 5,208   4,625   583   12.6%
    Net income $ 13,501   $ 13,040   $ 461   3.5%
                   
    Basic earnings per share $ 2.28   $ 2.21   $ 0.07   3.2%
    Diluted earnings per share $ 2.25   $ 2.19   $ 0.06   2.7%
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Six Months Ended
      6/30/2025   3/31/2025   6/30/2024   6/30/2025   6/30/2024
    EARNINGS PER SHARE                  
    Basic earnings per share $ 1.07     $ 1.21     $ 1.15     $ 2.28     $ 2.21  
    Diluted earnings per share $ 1.05     $ 1.20     $ 1.14     $ 2.25     $ 2.19  
    Weighted average shares outstanding   5,929       5,911       5,896       5,920       5,892  
    Weighted average diluted shares outstanding   6,006       6,002       5,946       6,006       5,946  
    Cash dividends paid per share 1 $ 0.30     $ 0.30     $ 0.27     $ 0.60     $ 0.54  
                       
    PERFORMANCE RATIOS (annualized for the three months)            
    Return on average assets   1.56 %   1.79 %   1.67 %   1.67 %     1.61 %
    Return on average equity   13.4 %   16.0 %   17.1 %   14.7 %     16.7 %
    Yield on earning assets   5.48 %   5.50 %   5.62 %   5.49 %     5.46 %
    Rate paid on interest-bearing liabilities   1.33 %   1.14 %   1.44 %   1.24 %     1.39 %
    Net interest margin   4.83 %   4.95 %   4.89 %   4.89 %     4.76 %
    Noninterest income to average assets   0.58 %   0.80 %   0.54 %   0.69 %     0.54 %
    Noninterest expense to average assets   2.72 %   2.85 %   2.56 %   2.79 %     2.57 %
    Efficiency ratio 2   53.6 %   52.7 %   50.4 %   53.1 %     51.7 %
                       
      6/30/2025   3/31/2025   6/30/2024   12/31/2024   12/31/2023
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 14,209     $ 13,319     $ 14,082     $ 13,196     $ 12,867  
    Allowance for credit losses as a percentage of total loans   1.39 %     1.32 %     1.41 %     1.30 %     1.34 %
    Nonperforming loans $ 13,652     $ 3,686     $ 8,974     $ 4,105     $ 4,820  
    Nonperforming assets $ 13,747     $ 3,787     $ 9,148     $ 4,307     $ 5,315  
    Nonperforming loans as a percentage of total loans   1.34 %     0.36 %     0.90 %     0.40 %     0.50 %
    Nonperforming assets as a percentage of total assets   0.84 %     0.23 %     0.56 %     0.27 %     0.33 %
    Year-to-date net charge-offs $ 137     $ 127     $ 610     $ 1,046     $ 954  
    Year-to-date net charge-offs as a percentage of average   0.03 %     0.05 %     0.13 %   0.11 %     0.10 %
    loans (annualized)      
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,934       5,922       5,896       5,903       5,872  
    Shareholders’ equity $ 193,079     $ 187,603     $ 165,155     $ 177,899     $ 147,317  
    Book value per common share $ 32.54     $ 31.68     $ 28.01     $ 30.14     $ 25.09  
    Tangible common equity3 $ 186,874     $ 181,354     $ 158,763     $ 171,606     $ 140,823  
    Tangible book value per common share4 $ 31.49     $ 30.62     $ 26.93     $ 29.07     $ 23.98  
    Tangible common equity to total assets   11.5 %     11.1 %     9.7 %     10.6 %     8.7 %
    Gross loans to deposits   74.7 %     73.6 %     76.4 %     74.1 %     71.9 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.7 %     12.3 %     11.3 %     11.9 %     10.8 %
    Common Equity Tier 1 Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Tier 1 Risk-Based Capital Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Total Risk-Based Capital Ratio   19.2 %     19.0 %     17.6 %     18.5 %     16.9 %
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023 , August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).   
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.      
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.    
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Three Months Ended   For the Three Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,020,004   $ 15,612   6.14 %   $ 980,723   $ 15,412   6.32 %
    Investment securities     369,624     3,913   4.25 %     367,841     3,932   4.30 %
    Non-taxable investment securities (1)     72,719     591   3.26 %     76,275     602   3.17 %
    Interest-bearing deposits     46,368     517   4.47 %     88,607     1,214   5.51 %
    Total interest-earning assets     1,508,715     20,633   5.48 %     1,513,446     21,160   5.62 %
    Cash and due from banks     26,880             26,859        
    Other assets     87,117             90,092        
    Total assets   $ 1,622,712           $ 1,630,397        
                             
    Interest-bearing liabilities:                        
    Money market deposits     287,707     1,283   1.79 %     215,614     468   0.87 %
    Savings deposits     298,989     257   0.34 %     322,919     174   0.22 %
    Time deposits     118,057     744   2.53 %     94,684     674   2.86 %
    Total deposits     704,753     2,284   1.30 %     633,217     1,316   0.84 %
    Borrowings     15,000     146   3.90 %     120,000     1,431   4.80 %
    Other interest-bearing liabilities     17,265     20   0.46 %     16,809     8   0.19 %
    Total interest-bearing liabilities     737,018     2,450   1.33 %     770,026     2,755   1.44 %
    Non-interest-bearing deposits     659,554             663,094        
    Other liabilities     37,112             37,794        
    Shareholders’ equity     189,028             159,483        
    Total liabilities & equity   $ 1,622,712           $ 1,630,397        
    Cost of funding interest-earning assets (4)           0.65 %           0.73 %
    Net interest income and margin (5)       $ 18,183   4.83 %       $ 18,405   4.89 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $4.1 million for 2025 and $4.2 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended June 30, 2025 and 2024 were $196 thousand and $338 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Six Months Ended   For the Six Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,016,008   $ 31,008   6.15 %   $ 972,427   $ 30,005   6.21 %
    Investment securities     369,376     7,840   4.28 %     369,815     7,537   4.10 %
    Non-taxable investment securities (1)     73,795     1,174   3.21 %     92,225     1,393   3.04 %
    Interest-bearing deposits     53,845     1,201   4.50 %     81,807     2,252   5.54 %
    Total interest-earning assets     1,513,024     41,223   5.49 %     1,516,274     41,187   5.46 %
    Cash and due from banks     26,679             26,722        
    Other assets     86,732             85,300        
    Total assets   $ 1,626,435           $ 1,628,296        
                             
    Interest-bearing liabilities:                        
    Money market deposits     283,469     2,429   1.73 %     213,399     844   0.80 %
    Savings deposits     311,151     463   0.30 %     329,242     354   0.22 %
    Time deposits     103,304     1,288   2.51 %     93,092     1,304   2.82 %
    Total deposits     697,924     4,180   1.21 %     635,733     2,502   0.79 %
    Borrowings     15,000     290   3.90 %     117,170     2,798   4.80 %
    Other interest-bearing liabilities     19,216     31   0.33 %     19,260     25   0.26 %
    Total interest-bearing liabilities     732,140     4,501   1.24 %     772,163     5,325   1.39 %
    Non-interest-bearing deposits     670,961             668,441        
    Other liabilities     37,602             31,118        
    Shareholders’ equity     185,732             156,574        
    Total liabilities & equity   $ 1,626,435           $ 1,628,296        
    Cost of funding interest-earning assets (4)           0.60 %           0.70 %
    Net interest income and margin (5)       $ 36,722   4.89 %       $ 35,862   4.76 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $3.9 million for 2025 and $4.8 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the six-month periods ended June 30, 2025 and 2024 were $471 thousand and $682 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Interchange income $ 784   $ 782     2     0.3 %
    Service charges on deposit accounts   781     743     38     5.1 %
    Loan servicing fees   148     186     (38 )   (20.4 )%
    FHLB Dividends   135     136     (1 )   (0.7 )%
    Earnings on life insurance policies   108     104     4     3.8 %
    Other   405     251     154     61.4 %
    Total non-interest income $ 2,361   $ 2,202   $ 159     7.2 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,553   $ 5,283   $ 270     5.1 %
    Occupancy and equipment   2,050     1,949     101     5.2 %
    Outside service fees   1,160     1,184     (24 )   (2.0 )%
    Merger and acquisition expenses   481     –     481     100.0 %
    Advertising and shareholder relations   273     214     59     27.6 %
    Armored car and courier   224     220     4     1.8 %
    Professional fees   219     329     (110 )   (33.4 )%
    Business development   188     210     (22 )   (10.5 )%
    Deposit insurance   180     185     (5 )   (2.7 )%
    Director compensation and expense   155     199     (44 )   (22.1 )%
    Telephone and data communication   124     204     (80 )   (39.2 )%
    Loan collection expenses   51     117     (66 )   (56.4 )%
    Amortization of Core Deposit Intangible   44     51     (7 )   (13.7 )%
    Other   310     251     59     23.5 %
    Total non-interest expense $ 11,012   $ 10,396   $ 616     5.9 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts $ 1,486   $ 1,458     $ 28     1.9 %
    Interchange income   1,474     1,522       (48 )   (3.2 )%
    Loan servicing fees   334     388       (54 )   (13.9 )%
    FHLB Dividends   272     273       (1 )   (0.4 )%
    Earnings on life insurance policies   217     200       17     8.5 %
    Gain (loss) on sale of investment securities   3     (19,826 )     19,829     (100.0 )%
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Other   1,788     473       1,315     278.0 %
    Total non-interest income $ 5,574   $ 4,342     $ 1,232     28.4 %
                   
    The following table presents the components of non-interest expense for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 11,433   $ 10,649     $ 784     7.4 %
    Occupancy and equipment   4,064     3,639       425     11.7 %
    Outside service fees   2,424     2,316       108     4.7 %
    Merger and acquisition expenses   1,050     –       1,050     100.0 %
    Advertising and shareholder relations   535     458       77     16.8 %
    Professional fees   448     768       (320 )   (41.7 )%
    Armored car and courier   441     422       19     4.5 %
    Deposit insurance   362     372       (10 )   (2.7 )%
    Business development   355     363       (8 )   (2.2 )%
    Director compensation and expense   321     366       (45 )   (12.3 )%
    Telephone and data communication   298     426       (128 )   (30.0 )%
    Loan collection expenses   122     221       (99 )   (44.8 )%
    Amortization of Core Deposit Intangible   87     102       (15 )   (14.7 )%
    Other   537     691       (154 )   (22.3 )%
    Total non-interest expense $ 22,477   $ 20,793     $ 1,684     8.1 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                     
    The following table shows the distribution of loans by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Commercial   $ 81,118   8.0 %   $ 81,170   8.1 %
    Agricultural     113,850   11.2 %     123,661   12.4 %
    Real estate – residential     11,053   1.1 %     11,755   1.2 %
    Real estate – commercial     673,129   66.1 %     588,332   59.0 %
    Real estate – construction & land     40,798   4.0 %     67,960   6.8 %
    Equity Lines of Credit     41,620   4.1 %     38,446   3.9 %
    Auto     51,487   5.1 %     80,751   8.1 %
    Other     4,791   0.4 %     5,259   0.5 %
    Total Gross Loans   $ 1,017,846   100 %   $ 997,334   100 %
                     
    The following table shows the distribution of Commercial Real Estate loans at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Owner occupied   $ 294,765   43.8 %   $ 240,346   40.9 %
    Investor     378,364   56.2 %     347,986   59.1 %
    Total real estate – commercial   $ 673,129   100 %   $ 588,332   100 %
                     
                     
    The following table shows the distribution of deposits by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Deposits in Each     Deposits in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Deposits   of Period   Total Deposits
        6/30/25   6/30/25   6/30/24   6/30/24
    Non-interest bearing   $ 668,086   48.9 %   $ 670,652   51.4 %
    Money Market     281,516   20.6 %     214,063   16.4 %
    Savings     290,440   21.2 %     322,081   24.7 %
    Time     126,785   9.3 %     97,791   7.5 %
    Total Deposits   $ 1,366,827   100 %   $ 1,304,587   100 %
                     

    The MIL Network –

    July 17, 2025

  • MIL-OSI: Plumas Bancorp Reports Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2025 of $6.3 million or $1.07 per share, a decrease of $465 thousand from $6.8 million or $1.15 per share during the second quarter of 2024. Diluted earnings per share decreased to $1.05 per share during the three months ended June 30, 2025 down from $1.14 per share during the quarter ended June 30, 2024.

    Return on average assets was 1.56% during the current quarter, down from 1.67% during the second quarter of 2024. Return on average equity decreased to 13.4% for the three months ended June 30, 2025, down from 17.1% during the second quarter of 2024.

    Net interest income decreased by $222 thousand from $18.4 million during the three months ended June 30, 2024, to $18.2 million during the current quarter. The provision for credit losses decreased from $925 thousand during the second quarter of 2024 to $860 thousand during the current quarter.

    Non-interest income increased by $159 thousand from $2.2 million during the three months ended June 30, 2024 to $2.4 million during the second quarter of 2025.

    Non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. Of this amount, $481 thousand relates to costs associated with our acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025 and we completed the merger on July 1, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $481 thousand in merger related costs, $239 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes decreased by $149 thousand from $2.5 million, 26.9% of pre-tax income, during the three months ended June 30, 2024 to $2.4 million, or 27.1% of pre-tax income, during the current quarter.

    For the six months ended June 30, 2025, the Company reported net income of $13.5 million or $2.28 per share, an increase of $461 thousand from $13.0 million or $2.21 per share earned during the six months ended June 30, 2024. Earnings per diluted share increased to $2.25 during the six months ended June 30, 2025, up $0.06 from $2.19 during the first six months of 2024.     

    Return on average assets was 1.67% during the six months ended June 30, 2025, up from 1.61% during the first half of 2024. Return on average equity decreased to 14.7% for the six months ended June 30, 2025, down from 16.7% during the first half of 2024.

    Net interest income increased by $860 thousand from $35.9 million during the six months ended June 30, 2024, to $36.7 million during the current period. The provision for credit losses decreased from $1.7 million during the first half of 2024 to $1.1 million during the current period.

    Non-interest income increased by $1.2 million from $4.3 million during the six months ended June 30, 2024 to $5.5 million during the first half of 2025 related primarily to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire which swept through the town of Greenville, California in August of 2021. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. Of this amount, $1.1 million relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. Of the $1.1 million in merger related costs, $801 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $583 thousand from $4.6 million, or 26.2% of pre-tax income, during the six months ended June 30, 2024 to $5.2 million, or 27.8% of pre-tax income, during the current period.

    Balance Sheet Highlights
    June 30, 2025 compared to June 30, 2024

    • Gross loans increased by $21 million, or 2%, to $1.0 billion.
    • Total deposits increased by $62 million, or 5%, to $1.4 billion.
    • Borrowings decreased by $105 million, or 88% to $15 million.
    • Total equity increased by $28 million, or 17%, to $193 million.
    • Book value per share increased by $4.53, or 16%, to $32.54.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, announced, “The third quarter of 2025 began with a major development for Plumas; we successfully completed our acquisitions of Cornerstone Community Bank and Bancorp, expanding our presence in California’s northern Sacramento Valley. We are thrilled to have Ken Robison, formerly a director at Cornerstone, join the boards of Plumas Bancorp and Bank. We also welcome Matt Moseley, former President and CEO of Cornerstone Community Bank, to the executive team as Market President. Their extensive leadership experience and market knowledge will be instrumental in the ongoing success of our combined organization.”

    Ryback continued, “Beyond the acquisition, we have also been focused on internal advancements. We are expanding our treasury management services to provide comprehensive, personalized banking solutions with enhanced security features. Simultaneously, we have gained efficiency in our lending process through on-going refinements to our lending platforms and department structures.”

    Ryback concluded, “We extend a warm welcome to the clients, employees, and shareholders of Cornerstone. We look forward to providing long-term value to our expanded shareholders, clients, team members, and communities.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $21 million, or 2%, from $997 million at June 30, 2024, to $1.0 billion at June 30, 2025. Increases in loans included $85 million in commercial real estate loans and $3 million in equity lines of credit; these items were partially offset by decreases of $29 million in automobile loans, $27 million in construction loans, $10 million in agricultural loans and $1 million in residential real estate loans.

    On   June 30, 2025, approximately 78% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 76% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. The increase in deposits includes increases of $67 million in money market accounts and $29 million in time deposits. Partially offsetting these increases were decreases of $2 million in demand deposits and $32 million in savings deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At June 30, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company had no brokered deposits at June 30, 2025 and June 30, 2024.

    Total investment securities decreased by $5 million from $445 million at June 30, 2024, to $440 million at June 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $31 million from $110 million at June 30, 2024, to $79 million at June 30, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2025 were $13.7 million, up from $9.1 million at June 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.84% at June 30, 2025 up from 0.56% at June 30, 2024. OREO decreased by $50 thousand from $141 thousand at June 30, 2024 to $91 thousand at June 30, 2025. Nonperforming loans were $13.6 million at June 30, 2025 and $9.0 million at June 30, 2024. Nonaccrual loans totaled $13.6 million at June 30, 2025 and $2.5 million at June 30, 2024. At June 30, 2025 there were no loans 90 days or more past due that were not on nonaccrual. The difference between the $2.5 million in nonaccrual loans at June 30, 2024 and the $9 million in nonperforming loans in 2024 were loans that were over 90 days past due, but not on nonaccrual. Nonperforming loans as a percentage of total loans increased to 1.34% at June 30, 2025, up from 0.90% at June 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.9 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the quarter we placed the loans on nonaccrual status. Interest reversed on these loans during the current quarter totaled $344 thousand and specific loan loss reserves totaling $931 thousand were applied against the loans.

    During the first half of 2025 we recorded a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand. The $1.1 million mostly relates to the specific loan loss reserves noted in the previous paragraph. This compares to a provision for credit losses of $1.7 million consisting of a provision for credit losses on loans of $1.8 million and a decrease in the reserve for unfunded commitments of $79 thousand during the six months ended June 30, 2024.

    Net charge-offs totaled $137 thousand and $610 thousand during the six months ended June 30, 2025 and 2024, respectively. The allowance for credit losses totaled $14.2 million at June 30, 2025 and $14.1 million at June 30, 2024. The allowance for credit losses as a percentage of total loans was 1.39% and 1.41% at June 30, 2025 and 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   June 30, 2025     June 30, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   1,150       1,825  
    Losses charged to allowance   (506 )     (1,010 )
    Recoveries                                   369       400  
    Balance, end of period $     14,209     $     14,082  
    Reserve for Unfunded
    Commitments    		  

    June 30, 2025

    		    

    June 30, 2024
    Balance, beginning of period $                                620     $ 799  
    Provision charged to operations   (40 )     (79 )
    Balance, end of period $                                 580     $ 720  

    Shareholders’ Equity

    Total shareholders’ equity increased by $27.9 million from $165.2 million at June 30, 2024, to $193.1 million at June 30, 2025. The $27.9 million includes earnings during the twelve-month period totaling $29.1 million, a decrease in accumulated other comprehensive loss of $4.4 million and restricted stock and stock option activity totaling $1.1 million. These items were partially offset by the payment of cash dividends totaling $6.7 million.

    Bank Term Funding Program (BTFP)

    At June 30, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and six-months ended June 30, 2024, was $1.3 million and $2.5 million, respectively.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $255 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $439 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2025, the Company could borrow up to $98 million at the Discount Window secured by investment securities with a fair value of $101 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2025 and 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $516 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $206 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

    Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2025

    Net interest income was $18.2 million for the three months ended June 30, 2025, a decrease of $222 thousand from the same period in 2024. The decrease in net interest income includes a decrease of $527 thousand in interest income partially offset by a decrease of $305 thousand in interest expense. Interest and fees on loans increased by $200 thousand related to growth in the loan portfolio partially offset by a decline in yield.

    Average loan balances increased by $39 million, while the average yield on these loans decreased by 18 basis points from 6.32% during the second quarter of 2024 to 6.14% during the current quarter. Of the 18 basis points decrease, 13 basis points relate to the reversal of $344 thousand in interest previously described under “Asset Quality” The average prime interest rate decreased from 8.5% during the second quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. Additionally, during the second quarter of 2024 we recovered $316 thousand in interest on loans that were classified as nonaccrual and which were paid off in full during the quarter which elevated loan yield during the 2024 quarter. The effect of these items was partially offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $75 million at June 30, 2025, and $62 million at June 30, 2024. The weighted average rate earned on this portfolio at June 30, 2025, was 8.3%. The Bank is also benefiting from the repricing of a portion of our Commercial Real Estate loans. Most of these loans are indexed to the 5-year Treasury note and reprice every five years.

    Interest on investment securities decreased by $30 thousand as yield on these securities decreased slightly from 4.11% during the 2024 quarter to 4.08% during the current quarter and average investment securities declined from $444 million during the three months ended June 30, 2024 to $442 million during the current quarter.

    Interest on cash balances decreased by $697 thousand related to a decline in average balance of $42 million and a decrease in average rate paid on cash balances of 104 basis points from 5.51% during the second quarter of 2024 to 4.47% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 5.40% during the second quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $305 thousand, related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.44% during the 2024 quarter to 1.33% in 2025 related to the decrease in these borrowings.

    Interest paid on deposits increased by $968 thousand and is broken down by product type as follows: money market accounts – $815 thousand, savings deposits – $83 thousand and time deposits $70 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances and the rate earned on these balances. During the second half of 2024 and continuing into 2025, we have offered a premium money market rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to the significant increase in balances and rate paid on money market accounts. The average balance of money market accounts during the current quarter was $288 million, an increase of $72 million from $216 million during the three months ended June 30, 2024. The average rate paid on money market accounts increased 92 basis points to 1.79%. The increase in interest on savings accounts was driven by an increase in the average rate paid of 12 basis points to 34 basis points. The increase in interest on time deposits includes an increase in average balance of $23 million partially offset by a decline in average rate paid of 33 basis points to 2.53% as promotional time deposits issued in 2024 matured. Many of these promotional time deposits were renewed at lower rates. The average rate paid on interest-bearing deposits increased from 0.84% during the second quarter of 2024 to 1.30% during the current quarter. The average balance of interest-bearing deposits increased from $633 million during the three months ended June 30, 2024 to $705 million during the quarter.

    Net interest margin for the three months ended June 30, 2025 decreased 6 basis points to 4.83%, down from 4.89% for the same period in 2024. Excluding the $344 thousand in interest reversed described earlier, net interest margin for the three months ended June 30, 2025 would have been 4.93%.

    Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2025

    Net interest income for the six months ended June 30, 2025 was $36.7 million, an increase of $860 thousand from the $35.9 million earned during the same period in 2024. The increase in net interest income includes an increase of $36 thousand in interest income and a reduction in interest expense of $824 thousand.

    Interest and fees on loans increased by $1.0 million related to an increase in average balance partially offset by a decline in yield. The average balance of loans during the six months ended June 30, 2025 was $1.0 billion, an increase of $44 million from $972 million during the same period in 2024. The average yield on loans decreased by 6 basis points from 6.21% during the first six months of 2024 to 6.15% during the current period.

    Interest on investment securities increased by $84 thousand related to an increase in yield of 21 basis points to 4.10% partially offset by a decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $462 million during the six months ended June 30, 2024 to $443 million during the current period.

    Interest on cash balances declined by $1.1 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 104 basis points to 4.5% and the average balance declined from $81.8 million during the first six months of 2024 to $53.8 million during the current period.

    Related to a $2.5 million decline in interest on BTFP borrowings partially offset by an increase in interest bearing deposits and an increase in the cost of these deposits, interest expense decreased from $5.3 million during the six months ended June 30, 2024 to $4.5 million during the current period. The average rate paid on interest bearing liabilities decreased from 1.39% during the 2024 period to 1.24% in 2025.

    Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts – $1.6 million and savings deposits – $109 thousand. The average rate paid on interest-bearing deposits increased from 0.79% during the six months ended June 30, 2024 to 1.21% during the current period. Average interest-bearing deposits totaled $698 million during the first half of 2025 an increase of $62 million from $636 million during the first half of 2024.

    Net interest margin for the six months ended June 30, 2025 increased 13 basis points to 4.89%, up from 4.76% for the same period in 2024.

    Non-Interest Income/Expense – Three Months Ended June 30, 2025

    Non-interest income increased by $159 thousand to $2.4 million during the current quarter. The largest increase was related to a $184 thousand adjustment to the value of our stock holdings in one of our correspondent banks.

    During the three months ended June 30, 2025, total non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. The largest components of this increase were merger related expenses of $481 thousand and salary and benefit expense of $270 thousand. The increase in salary and benefit expense includes an increase in salary expense of $216 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $144 thousand was offset by a decline in commission expense of $180 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters.

    Non-Interest Income/Expense – Six Months Ended June 30, 2025

    During the six months ended June 30, 2025, non-interest income totaled $5.6 million, an increase of $1.2 million from the six months ended June 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

    During the six months ended June 30, 2025, total non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. The largest components of this increase were merger related expenses of $1.1 million, salary and benefit expenses of $784 thousand and occupancy and equipment expenses of $425 thousand. The increase in salary and benefit expense included an increase in salary expense of $484 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $257 thousand was offset by a decline in commission expense of $317 thousand. Both items mostly relate to a decline in SBA loan production during the comparison periods. The increase in occupancy and equipment expense mostly relates to an increase in rent expense of $374 thousand related to the February 2024 sales/leaseback transaction. Partially offsetting these increases in expense were several reductions in non-interest expense the largest of which was a reduction in professional fees of $320 thousand. Included in professional fees during the six months ended June 30, 2024 were legal expenses totaling $188 thousand related to a litigation matter that was settled in the second half of 2024.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
      As of June 30,        
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 79,266   $ 109,852   $ (30,586)   (27.8)%
    Investment securities 439,676   445,132   (5,456)   (1.2)%
    Loans, net of allowance for credit losses 1,006,873   986,517   20,356   2.1%
    Premises and equipment, net 12,065   12,868   (803)   (6.2)%
    Right-of-use assets 23,912   24,975   (1,063)   (4.3)%
    Bank owned life insurance 16,736   16,310   426   2.6%
    Real estate acquired through foreclosure 91   141   (50)   (35.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 44,396   40,800   3,596   8.8%
    Total assets $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,366,827   $ 1,304,587   $ 62,240   4.8%
    Accrued interest payable and other liabilities 53,611   52,355   1,256   2.4%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,435,438   1,476,942   (41,504)   (2.8)%
    Common stock 29,803   28,656   1,147   4.0%
    Retained earnings 183,954   161,608   22,346   13.8%
    Accumulated other comprehensive loss, net (20,678)   (25,109)   4,431   17.6%
    Shareholders’ equity 193,079   165,155   27,924   16.9%
    Total liabilities and shareholders’ equity $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED JUNE 30, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,633   $ 21,160   $ (527)   (2.5)%
    Interest expense 2,450   2,755   (305)   (11.1)%
    Net interest income before provision for credit losses 18,183   18,405   (222)   (1.2)%
    Provision for credit losses 860   925   (65)   (7.0)%
    Net interest income after provision for credit losses 17,323   17,480   (157)   (0.9)%
    Non-interest income 2,361   2,202   159   7.2%
    Non-interest expense 11,012   10,396   616   5.9%
    Income before income taxes 8,672   9,286   (614)   (6.6)%
    Provision for income taxes 2,351   2,500   (149)   (6.0)%
    Net income $ 6,321   $ 6,786   $ (465)   (6.9)%
                   
    Basic earnings per share $ 1.07   $ 1.15   $ (0.08)   (7.0)%
    Diluted earnings per share $ 1.05   $ 1.14   $ (0.09)   (7.9)%
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
              Dollar   Percentage
    FOR THE SIX MONTHS ENDED JUNE 30, 2025   2024   Change   Change
                   
    Interest income $ 41,223   $ 41,187   $ 36   0.1%
    Interest expense 4,501   5,325   (824)   (15.5)%
    Net interest income before provision for credit losses 36,722   35,862   860   2.4%
    Provision for credit losses 1,110   1,746   (636)   (36.4)%
    Net interest income after provision for credit losses 35,612   34,116   1,496   4.4%
    Non-interest income 5,574   4,342   1,232   28.4%
    Non-interest expense 22,477   20,793   1,684   8.1%
    Income before income taxes 18,709   17,665   1,044   5.9%
    Provision for income taxes 5,208   4,625   583   12.6%
    Net income $ 13,501   $ 13,040   $ 461   3.5%
                   
    Basic earnings per share $ 2.28   $ 2.21   $ 0.07   3.2%
    Diluted earnings per share $ 2.25   $ 2.19   $ 0.06   2.7%
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Six Months Ended
      6/30/2025   3/31/2025   6/30/2024   6/30/2025   6/30/2024
    EARNINGS PER SHARE                  
    Basic earnings per share $ 1.07     $ 1.21     $ 1.15     $ 2.28     $ 2.21  
    Diluted earnings per share $ 1.05     $ 1.20     $ 1.14     $ 2.25     $ 2.19  
    Weighted average shares outstanding   5,929       5,911       5,896       5,920       5,892  
    Weighted average diluted shares outstanding   6,006       6,002       5,946       6,006       5,946  
    Cash dividends paid per share 1 $ 0.30     $ 0.30     $ 0.27     $ 0.60     $ 0.54  
                       
    PERFORMANCE RATIOS (annualized for the three months)            
    Return on average assets   1.56 %   1.79 %   1.67 %   1.67 %     1.61 %
    Return on average equity   13.4 %   16.0 %   17.1 %   14.7 %     16.7 %
    Yield on earning assets   5.48 %   5.50 %   5.62 %   5.49 %     5.46 %
    Rate paid on interest-bearing liabilities   1.33 %   1.14 %   1.44 %   1.24 %     1.39 %
    Net interest margin   4.83 %   4.95 %   4.89 %   4.89 %     4.76 %
    Noninterest income to average assets   0.58 %   0.80 %   0.54 %   0.69 %     0.54 %
    Noninterest expense to average assets   2.72 %   2.85 %   2.56 %   2.79 %     2.57 %
    Efficiency ratio 2   53.6 %   52.7 %   50.4 %   53.1 %     51.7 %
                       
      6/30/2025   3/31/2025   6/30/2024   12/31/2024   12/31/2023
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 14,209     $ 13,319     $ 14,082     $ 13,196     $ 12,867  
    Allowance for credit losses as a percentage of total loans   1.39 %     1.32 %     1.41 %     1.30 %     1.34 %
    Nonperforming loans $ 13,652     $ 3,686     $ 8,974     $ 4,105     $ 4,820  
    Nonperforming assets $ 13,747     $ 3,787     $ 9,148     $ 4,307     $ 5,315  
    Nonperforming loans as a percentage of total loans   1.34 %     0.36 %     0.90 %     0.40 %     0.50 %
    Nonperforming assets as a percentage of total assets   0.84 %     0.23 %     0.56 %     0.27 %     0.33 %
    Year-to-date net charge-offs $ 137     $ 127     $ 610     $ 1,046     $ 954  
    Year-to-date net charge-offs as a percentage of average   0.03 %     0.05 %     0.13 %   0.11 %     0.10 %
    loans (annualized)      
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,934       5,922       5,896       5,903       5,872  
    Shareholders’ equity $ 193,079     $ 187,603     $ 165,155     $ 177,899     $ 147,317  
    Book value per common share $ 32.54     $ 31.68     $ 28.01     $ 30.14     $ 25.09  
    Tangible common equity3 $ 186,874     $ 181,354     $ 158,763     $ 171,606     $ 140,823  
    Tangible book value per common share4 $ 31.49     $ 30.62     $ 26.93     $ 29.07     $ 23.98  
    Tangible common equity to total assets   11.5 %     11.1 %     9.7 %     10.6 %     8.7 %
    Gross loans to deposits   74.7 %     73.6 %     76.4 %     74.1 %     71.9 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.7 %     12.3 %     11.3 %     11.9 %     10.8 %
    Common Equity Tier 1 Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Tier 1 Risk-Based Capital Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Total Risk-Based Capital Ratio   19.2 %     19.0 %     17.6 %     18.5 %     16.9 %
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023 , August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).   
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.      
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.    
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Three Months Ended   For the Three Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,020,004   $ 15,612   6.14 %   $ 980,723   $ 15,412   6.32 %
    Investment securities     369,624     3,913   4.25 %     367,841     3,932   4.30 %
    Non-taxable investment securities (1)     72,719     591   3.26 %     76,275     602   3.17 %
    Interest-bearing deposits     46,368     517   4.47 %     88,607     1,214   5.51 %
    Total interest-earning assets     1,508,715     20,633   5.48 %     1,513,446     21,160   5.62 %
    Cash and due from banks     26,880             26,859        
    Other assets     87,117             90,092        
    Total assets   $ 1,622,712           $ 1,630,397        
                             
    Interest-bearing liabilities:                        
    Money market deposits     287,707     1,283   1.79 %     215,614     468   0.87 %
    Savings deposits     298,989     257   0.34 %     322,919     174   0.22 %
    Time deposits     118,057     744   2.53 %     94,684     674   2.86 %
    Total deposits     704,753     2,284   1.30 %     633,217     1,316   0.84 %
    Borrowings     15,000     146   3.90 %     120,000     1,431   4.80 %
    Other interest-bearing liabilities     17,265     20   0.46 %     16,809     8   0.19 %
    Total interest-bearing liabilities     737,018     2,450   1.33 %     770,026     2,755   1.44 %
    Non-interest-bearing deposits     659,554             663,094        
    Other liabilities     37,112             37,794        
    Shareholders’ equity     189,028             159,483        
    Total liabilities & equity   $ 1,622,712           $ 1,630,397        
    Cost of funding interest-earning assets (4)           0.65 %           0.73 %
    Net interest income and margin (5)       $ 18,183   4.83 %       $ 18,405   4.89 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $4.1 million for 2025 and $4.2 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended June 30, 2025 and 2024 were $196 thousand and $338 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Six Months Ended   For the Six Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,016,008   $ 31,008   6.15 %   $ 972,427   $ 30,005   6.21 %
    Investment securities     369,376     7,840   4.28 %     369,815     7,537   4.10 %
    Non-taxable investment securities (1)     73,795     1,174   3.21 %     92,225     1,393   3.04 %
    Interest-bearing deposits     53,845     1,201   4.50 %     81,807     2,252   5.54 %
    Total interest-earning assets     1,513,024     41,223   5.49 %     1,516,274     41,187   5.46 %
    Cash and due from banks     26,679             26,722        
    Other assets     86,732             85,300        
    Total assets   $ 1,626,435           $ 1,628,296        
                             
    Interest-bearing liabilities:                        
    Money market deposits     283,469     2,429   1.73 %     213,399     844   0.80 %
    Savings deposits     311,151     463   0.30 %     329,242     354   0.22 %
    Time deposits     103,304     1,288   2.51 %     93,092     1,304   2.82 %
    Total deposits     697,924     4,180   1.21 %     635,733     2,502   0.79 %
    Borrowings     15,000     290   3.90 %     117,170     2,798   4.80 %
    Other interest-bearing liabilities     19,216     31   0.33 %     19,260     25   0.26 %
    Total interest-bearing liabilities     732,140     4,501   1.24 %     772,163     5,325   1.39 %
    Non-interest-bearing deposits     670,961             668,441        
    Other liabilities     37,602             31,118        
    Shareholders’ equity     185,732             156,574        
    Total liabilities & equity   $ 1,626,435           $ 1,628,296        
    Cost of funding interest-earning assets (4)           0.60 %           0.70 %
    Net interest income and margin (5)       $ 36,722   4.89 %       $ 35,862   4.76 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $3.9 million for 2025 and $4.8 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the six-month periods ended June 30, 2025 and 2024 were $471 thousand and $682 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Interchange income $ 784   $ 782     2     0.3 %
    Service charges on deposit accounts   781     743     38     5.1 %
    Loan servicing fees   148     186     (38 )   (20.4 )%
    FHLB Dividends   135     136     (1 )   (0.7 )%
    Earnings on life insurance policies   108     104     4     3.8 %
    Other   405     251     154     61.4 %
    Total non-interest income $ 2,361   $ 2,202   $ 159     7.2 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,553   $ 5,283   $ 270     5.1 %
    Occupancy and equipment   2,050     1,949     101     5.2 %
    Outside service fees   1,160     1,184     (24 )   (2.0 )%
    Merger and acquisition expenses   481     –     481     100.0 %
    Advertising and shareholder relations   273     214     59     27.6 %
    Armored car and courier   224     220     4     1.8 %
    Professional fees   219     329     (110 )   (33.4 )%
    Business development   188     210     (22 )   (10.5 )%
    Deposit insurance   180     185     (5 )   (2.7 )%
    Director compensation and expense   155     199     (44 )   (22.1 )%
    Telephone and data communication   124     204     (80 )   (39.2 )%
    Loan collection expenses   51     117     (66 )   (56.4 )%
    Amortization of Core Deposit Intangible   44     51     (7 )   (13.7 )%
    Other   310     251     59     23.5 %
    Total non-interest expense $ 11,012   $ 10,396   $ 616     5.9 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts $ 1,486   $ 1,458     $ 28     1.9 %
    Interchange income   1,474     1,522       (48 )   (3.2 )%
    Loan servicing fees   334     388       (54 )   (13.9 )%
    FHLB Dividends   272     273       (1 )   (0.4 )%
    Earnings on life insurance policies   217     200       17     8.5 %
    Gain (loss) on sale of investment securities   3     (19,826 )     19,829     (100.0 )%
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Other   1,788     473       1,315     278.0 %
    Total non-interest income $ 5,574   $ 4,342     $ 1,232     28.4 %
                   
    The following table presents the components of non-interest expense for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 11,433   $ 10,649     $ 784     7.4 %
    Occupancy and equipment   4,064     3,639       425     11.7 %
    Outside service fees   2,424     2,316       108     4.7 %
    Merger and acquisition expenses   1,050     –       1,050     100.0 %
    Advertising and shareholder relations   535     458       77     16.8 %
    Professional fees   448     768       (320 )   (41.7 )%
    Armored car and courier   441     422       19     4.5 %
    Deposit insurance   362     372       (10 )   (2.7 )%
    Business development   355     363       (8 )   (2.2 )%
    Director compensation and expense   321     366       (45 )   (12.3 )%
    Telephone and data communication   298     426       (128 )   (30.0 )%
    Loan collection expenses   122     221       (99 )   (44.8 )%
    Amortization of Core Deposit Intangible   87     102       (15 )   (14.7 )%
    Other   537     691       (154 )   (22.3 )%
    Total non-interest expense $ 22,477   $ 20,793     $ 1,684     8.1 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                     
    The following table shows the distribution of loans by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Commercial   $ 81,118   8.0 %   $ 81,170   8.1 %
    Agricultural     113,850   11.2 %     123,661   12.4 %
    Real estate – residential     11,053   1.1 %     11,755   1.2 %
    Real estate – commercial     673,129   66.1 %     588,332   59.0 %
    Real estate – construction & land     40,798   4.0 %     67,960   6.8 %
    Equity Lines of Credit     41,620   4.1 %     38,446   3.9 %
    Auto     51,487   5.1 %     80,751   8.1 %
    Other     4,791   0.4 %     5,259   0.5 %
    Total Gross Loans   $ 1,017,846   100 %   $ 997,334   100 %
                     
    The following table shows the distribution of Commercial Real Estate loans at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Owner occupied   $ 294,765   43.8 %   $ 240,346   40.9 %
    Investor     378,364   56.2 %     347,986   59.1 %
    Total real estate – commercial   $ 673,129   100 %   $ 588,332   100 %
                     
                     
    The following table shows the distribution of deposits by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Deposits in Each     Deposits in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Deposits   of Period   Total Deposits
        6/30/25   6/30/25   6/30/24   6/30/24
    Non-interest bearing   $ 668,086   48.9 %   $ 670,652   51.4 %
    Money Market     281,516   20.6 %     214,063   16.4 %
    Savings     290,440   21.2 %     322,081   24.7 %
    Time     126,785   9.3 %     97,791   7.5 %
    Total Deposits   $ 1,366,827   100 %   $ 1,304,587   100 %
                     

    The MIL Network –

    July 17, 2025

  • MIL-OSI Africa: Africa Finance Corporation (AFC) Assigned A+ Rating with Stable Outlook by Japan Credit Rating Agency, Strengthening Access to Asian Capital Markets

    Source: APO – Report:

    .

    Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been assigned a long-term Issuer credit rating of A+ with a stable outlook by Japan Credit Rating Agency, Ltd (JCR). This rating will enable AFC to continue growing its footprint in Asian capital markets.

    “The credit rating reflects AFC’s leading role in infrastructure development in Africa, the strong support from its member states and shareholders, the benefits of Preferred Creditor Status (PCS), its conservative financial policy, and its strong capital base,” JCR  stated in its  report.“ AFC employs diverse funding channels, including Eurobond issuance in international capital markets; borrowing from MDBs such as the African Development Bank, PROPARCO, DEG/FMO, KFW group, Export-Import Bank of China, Korea Development Bank, etc.; and financing from African, Chinese, European, Indian, Japanese and Middle Eastern private financial institutions.”

    The Japan Credit Rating Agency’s A+ rating reflects AFC’s continued demonstration of solid capital adequacy, maintaining a Capital Adequacy Ratio of 33.6% and improving its Cost-to-Income Ratio to 17.3% in FYE2024. In 2024, AFC delivered remarkable financial results, posting a 22.8% increase in revenue to surpass US$1 billion for the first time, as well as a 16.7% rise in total assets to US$14.41 billion. Liquidity buffers remain well above prudential thresholds, with a liquidity coverage ratio of 194% under normal conditions and 191% on a stressed basis, underscoring AFC’s resilience.

    JCR’s rating decision supports the Corporation’s ability to secure competitive borrowing costs. This financial strength underpins AFC’s ability to deliver transformational infrastructure projects across power, natural resources, transport and logistics, heavy industry, telecommunications, and technology—driving industrialisation and job creation across the continent. A notable example is the Lobito Corridor, where AFC serves as lead developer. Positioned to become one of Africa’s most strategic economic arteries, the corridor will connect Angola’s Port of Lobito on the Atlantic coast to Zambia through modernised rail infrastructure, enhancing regional trade, unlocking mineral value chains, and catalysing cross-border economic integration.

    Other key AFC transactions include a US$150 million investment in the Kamoa-Kakula Copper Complex—Africa’s largest and one of the world’s most sustainable copper producers and leading the commercial financing of a €381.5 million package for the engineering, procurement, and construction of 186 bridges and critical upgrades to Angola’s road network, which will improve connectivity and boost regional trade.

    Leading Japanese financial institutions—Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation have been critical partners supporting AFC on its journey of transforming Africa, participating in multiple funding transactions including bilateral, syndicated and Samurai facilities. This partnership has extended beyond AFC’s own capital-raising efforts to broader support for African issuers. A notable example is the Arab Republic of Egypt’s inaugural Samurai Bond, where AFC acted as re-guarantor and SMBC served as guarantor, facilitating a successful JPY 75 billion private placement.

    “Amidst a challenging global macroeconomic backdrop, this endorsement by JCR affirms AFC’s financial strength and credibility, enhancing our ability to mobilise competitively priced capital for transformative infrastructure projects across Africa,” said Banji Fehintola, Executive Board Member & Head, Financial Services at AFC. “It reinforces our position as a reliable institutional partner for Japan and a key driver of Africa-Japan cooperation.”

    “In the challenging business environment, with increasing geopolitical instability in some African countries, AFC’s role in advancing infrastructure development in Africa as an MDB established by African countries is becoming more important, and support from member states and shareholders is expected to strengthen,” JCR analysts said, commending the Corporation. “AFC conducts appropriate risk management in the challenging business environment in Africa, ensuring strong profitability and building a sound financial structure. AFC has established risk management policies for various risks associated with its operations, including credit risk, market risk, liquidity risk, operational risk, assets and liabilities management (ALM) risk, and environmental/social policy risks,” they further reported.

    Some of AFC’s landmark funding initiatives include the successful issuance of its US$500 million perpetual hybrid bond, the closing of a US$400 million Shariah-compliant Commodity Murabaha, and leading Nigeria’s inaugural domestic dollar bond issuance, which raised over US$900 million, with an oversubscription rate of 180%. These transactions underscore the Corporation’s innovative approach to capital markets, diversifying funding sources and enhancing its ability to finance transformational infrastructure projects across Africa.

    For the full statement from Japan Credit Rating Agency, please click here (https://apo-opa.co/46j2eU9). 

    – on behalf of Africa Finance Corporation (AFC).

    Media Enquiries:
    Yewande Thorpe
    Communications
    Africa Finance Corporation
    Mobile: +234 1 279 9654
    Email: yewande.thorpe@africafc.org

    About AFC:
    AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

    Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. www.AfricaFC.org

    MIL OSI Africa –

    July 17, 2025

  • MIL-OSI USA: Senators Collins, Smith, King Introduce Bill to Combat Lyme and Other Tick-Borne Diseases

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. — U.S. Senators Susan Collins (R-ME) and Tina Smith (D-MN) today introduced legislation to reauthorize the Kay Hagan Tick Act, their landmark legislation to improve research, prevention, diagnostics, and treatment for tick-borne diseases, which became law in 2019. Senator Angus King (I-ME) joins them as an original co-sponsor. The Kay Hagan Tick Act unites the effort to confront the alarming public health threat posed by Lyme disease and other tick-borne diseases. Confirmed cases of Lyme disease reached a record number in Maine – 3,035 – last year. Senators Collins and Smith named their bill in honor of former Senator Kay Hagan (D-NC) who passed away on October 28th, 2019, due to complications from the tick-borne disease known as the Powassan virus.

    “Last year, Maine reported over 3,000 cases of Lyme disease—a record in our state. The reauthorization of our Tick Act is urgently needed to continue to support those who struggle with Lyme and other tick-borne illnesses and keep improving research, diagnostics, treatment, and prevention for these terrible diseases,” said Senator Collins. “Resources from the Tick Act have led to exciting developments such as the first-ever clinical trial for a Lyme disease vaccine for people, which is underway right now at the MaineHealth Institute for Research.”

    “My home state of Minnesota is proud to have more than 10,000 lakes and thousands of rivers for us to enjoy, and we’re always especially eager to get outside after a long winter,” said Senator Smith. “Unfortunately, the number of Lyme disease cases in the state—and states across the country—is on the rise. This bill would empower regional centers to lead the response against these diseases and expanded the federal government’s role in researching, testing and treating these diseases. For the sake of Americans’ health and well-being, we need to keep moving this bill forward.”

    “Our state has been battling diseases like Lyme for decades, so it is critical we continue to invest in our research and understanding of these vector-borne diseases to better protect Maine residents and visitors,” said Senator King. “The Kay Hagan Tick Act will further the prevention efforts that keep us safe by funding research, testing and diagnostics along with resources for improved data collection. I am proud to work on this critical bipartisan legislation that will help mitigate this long-term public health threat for the future safety and health of all Maine people.”

    “Reauthorizing the Kay Hagan Tick Act will continue the nation’s coordinated framework for tick-borne disease surveillance, diagnostics, and prevention”, said Griffin Dill, Director of the University of Maine Tick Lab. Continued support means earlier detection, targeted interventions, and fewer families facing the physical and financial burden of Lyme disease and other emerging infections. Through this investment, Congress can ensure a proactive approach to safeguarding our communities from increasing threats related to ticks.”

    “With an estimated 500,000 new cases of Lyme disease each year, it is critical that the United States is equipped to effectively prevent, detect, and respond to this growing public health threat,” said Bonnie Crater, co-founder and board member at Center for Lyme Action. “We applaud the foundation laid by the Kay Hagan Tick Act, which established the National Public Health Strategy to Prevent and Control Vector-Borne Diseases in Humans and we are committed to working with Congress and federal agencies to ensure this strategy is fully implemented and strengthened.  We commend Senator Collins, Senator King, and Senator Smith for their bipartisan leadership in advancing the reauthorization of this vital legislation to protect the health and safety of Americans nationwide.”

    Using a three-pronged approach, the Kay Hagan Tick Reauthorization Act would:

    1. Require the Department of Health and Human Services (HHS) to continue implementing and updating, as appropriate, its National Public Health Strategy to Prevent and Control Vector-Borne Diseases in People.  This strategy has been integral in expanding research into tick-borne diseases, improving testing and diagnostics, and coordinating efforts across the federal government.
    1. Reauthorize Regional Centers of Excellence in Vector-Borne Disease for five years. Funding for these centers, which was allotted in 2017, expires this year. These Centers have led the scientific response against tick-borne diseases, which now make up 75 percent of vector-borne diseases in the U.S.  There are four centers located at universities in California, Florida, Texas, and Wisconsin. 
    1. Reauthorize CDC Grants to State Health Departments to improve data collection and analysis, support early detection and diagnosis, improve treatment, and raise awareness.  These awards would help states continue to build a public health infrastructure for Lyme and other vector-borne diseases and amplify their initiatives through public-private partnerships.   

    In May, Senator Collins delivered the opening remarks at the Center for Lyme Action Congressional Series and spoke to the need for continued federal funding for tick-borne disease research. Click here to watch and here to download her remarks. Senator Collins has also urged leading health officials to continue to support the development of treatment for these illnesses, including the clinical trials currently ongoing in Maine for the first Lyme disease vaccine for people.

    Senator King is a longtime advocate for the elimination of vector-borne diseases. His SMASH Act, bipartisan legislation to reauthorize critical public health tools that support states and localities in their mosquito surveillance and control efforts, especially those linked to mosquitos that carry the Zika virus, and improve the nation’s preparedness for Zika and other mosquito-borne threats like West Nile virus, chikungunya, and Eastern Equine Encephalitis (“triple-e”) virus was signed into law in 2019. A re-authorization of SMASH was introduced in 2023 and included in the Pandemic All-Hazards Preparedness Act Reauthorization.

    MIL OSI USA News –

    July 17, 2025

  • MIL-OSI: Global Cryptocurrency Payment Apps Market Projected to Reach $2.4 Billion By 2033 as Demand Rises

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 16, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Worldwide, there is a growing demand for cryptocurrency payments applications. A report from Grand View Research projected that the global cryptocurrency payment apps market size was estimated at USD 556.9 million in 2024 and is projected to reach USD 2,404.1 million by 2033, growing at a CAGR of 17.8% from 2025 to 2033. The emergence of Web3 and blockchain technology created the need for cryptocurrency payment apps to enable individuals to conduct seamless transactions. The report said: “The growing adoption of cryptocurrencies globally is the key driver for the market’s expansion. People are encouraged to use cryptocurrency payment platforms owing to the decentralized nature of the blockchain, which eliminates mediators such as banks from the payment processing system. It reduces the processing time and accelerates the transaction speed, consequently adding to the increasing popularity of such platforms. In addition, the growing prevalence of cryptocurrencies as an investment option among millennials is also fueling the growth of the cryptocurrency payment apps industry.” It continued: “One of the most transformative trends in the market is the increasing interoperability between crypto payment platforms and traditional banking systems. Crypto apps now allow users to seamlessly convert digital assets into fiat currencies and vice versa, enabling easier withdrawals, direct-to-bank transfers, and debit card functionalities. This fusion is bridging the gap between old and new financial infrastructures, encouraging a smoother transition for users hesitant to move entirely into decentralized finance (DeFi). Thus, increasing integration of cryptocurrency payment apps with traditional financial systems can be attributed to the market’s growth.” Active companies in the markets this week include Amaze Holdings, Inc. (NYSE American: AMZE), Shopify Inc. (NASDAQ: SHOP), Roblox Corporation (NYSE: RBLX), PayPal Holdings, Inc. (NASDAQ: PYPL), Hut 8 Corp. (NASDAQ: HUT).

    The Report continued: “The proliferation of mobile payment adoption and advancements in cybersecurity are further propelling the market. Cryptocurrency payment apps are leveraging biometric authentication, multi-signature wallets, and hardware-based security modules to enhance transaction safety. Coupled with the increasing global smartphone penetration, especially in emerging economies, these innovations are making digital asset payments more accessible and secure for a broader audience. In addition, the continual developments and innovations to enhance the consumer’s experience in the blockchain space are expected to create a positive outlook for the market. North America dominated the cryptocurrency payment apps industry and accounted for a share of 34.6% in 2024. The presence of several prominent players in the region stimulates market growth. In addition, the collaborative efforts that have been made by some of the market players toward the acceptance of cryptocurrency payments are expected to create further opportunities for regional growth.”

    Amaze Holdings, Inc. (NYSE American:AMZE) Launches Crypto Payment Strategy to Accelerate Global Creator Monetization – Strategic partnership targets stablecoin integration, digital asset treasury solutions, and next-gen monetization for global creator economy – Amaze Holdings, Inc. (“Amaze”) , a global leader in creator-powered commerce, announced a major cryptocurrency initiative designed to modernize global payments, unlock new monetization tools, and enhance the Company’s financial flexibility.

    This strategic initiative follows the recent launch of Amaze’s Express Checkout and expanded payment offerings, underscoring the Company’s assertive push to lead in both traditional and digital payment innovation.

    As part of the launch, Amaze has partnered with DNA Fund—a premier digital asset advisory firm—to help design and deploy blockchain-based payment and treasury strategies.

    “Partnering with DNA Fund accelerates our ability to reduce cross-border payment friction and deliver faster, more flexible solutions to our growing base of international creators,” said Aaron Day, CEO of Amaze. “This partnership allows us to introduce new payment offerings for our 13 million-plus creators and brings value to the millions of visitors who come to our platform looking to buy,” Day added. “It also lets us start thinking beyond payments-toward helping creators access funding and build real businesses. This is a critical step in becoming a true partner to the global creator economy.”

    Phase One, launching in the next 60–90 days, will focus on stablecoin integration to accelerate international payments and significantly lower transaction costs. Future phases will explore:

    • Digital asset treasury management
    • Creator-specific financial services (credit lines, cards, etc.)
    • A potential “Amaze Coin” to drive community engagement and new monetization models.

    “Amaze sits at the crossroads of commerce and community,” said Brock Pierce, Chairman of DNA Fund. “We’re excited to help bring new Crypto and Web3 technologies to creators — for faster payments, new funding options, and the foundation for bringing Amaze into the Web3 space. We have a long history of helping companies innovate and think Amaze is in a unique position to disrupt the creator economy through crypto.” All crypto initiatives will be developed in alignment with U.S. regulatory frameworks, with robust compliance and risk oversight throughout. CONTINUED… Read this full press release for Amaze Holdings at: https://www.nasdaq.com/press-release/amaze-launches-crypto-payment-strategy-accelerate-global-creator-monetization-2025-07

    Other recent developments in the markets of note include:

    Shopify Inc. (NASDAQ: SHOP) – ai12z has recently introduced a new set of enhancements to its platform, bringing eCommerce functionality through a Shopify integration, real-time data connectivity via Model Context Protocol (MCP), and deeper insight into how AI responses are generated.

    Imagine an agent—also known as an AI assistant or digital assistant—that fully represents your organization, answers user questions, and guides them to the next step in their journey. Whether that means discovering a product, checking an order, making a reservation, or resolving a support issue, your assistant is now equipped to make it happen.

    At the core of this release is support for Model Context Protocol (MCP), a new open standard that allows agents to connect to external systems through a shared, unified structure. MCP eliminates the need to build custom integrations for every service. Your agent can now access a growing ecosystem of compatible systems—such as CRMs like Salesforce or HubSpot, reservation platforms, inventory tools, and more. Connections are fast, scalable, and require no custom code. This enables real-time, dynamic responses at scale with far less effort.

    Roblox Corporation (NYSE: RBLX) recently announced the launch of its new licensing platform, including the Roblox License Manager and Licenses catalog. This innovative framework unlocks game and interactive media licensing at scale, enabling IP holders to self-serve through Roblox’s global creator community, and seamlessly integrate popular IP into games and experiences.

    “We have a goal to have 10% of all gaming content revenue flowing through the Roblox ecosystem and benefiting our community,” said Manuel Bronstein, Chief Product Officer at Roblox. “This will require having a wide range of experiences and giving creators the opportunity to partner with rights holders of the most recognizable IP. License Manager and Licenses catalog are an important part of making it easier for owners to manage and license their IP at scale on Roblox.”

    PayPal Holdings, Inc. (NASDAQ: PYPL), a global leader in payments, recently announced multi-year agreements with the Big Ten and Big 12 Conferences that will modernize the distribution of institutional payments from universities to student-athletes in a new revenue-sharing model. The new institutional payments initiative enables athletic departments to seamlessly dispense payments through PayPal, ensuring a secure, efficient, and transparent way to distribute funds to payees. With the funds in their wallets, students will have the option to access all the benefits of PayPal’s commerce ecosystem, from seamlessly buying tickets to a sporting event or purchasing their books for the year at the university bookstore.

    The recent court decision, which allows colleges and universities to share revenue directly with student-athletes, stands to revolutionize college sports. This partnership helps make that real by distributing those funds to student-athletes in a fast, simple, and secure way.

    Hut 8 Corp. (NASDAQ:HUT) recently announced a corporate rebrand that aligns the Company’s external positioning with its strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization.

    “Our new brand enables us to more clearly express what has always set Hut 8 apart: a power-first, innovation-driven approach to developing, commercializing, and operating next-generation digital infrastructure,” said Asher Genoot, CEO of Hut 8. “Since our merger of equals, we have scaled with discipline across each layer of our platform, institutionalized the broader business, and executed with the rigor we believe is required to deliver outsized long-term value for our investors. Our new brand embeds our platform-driven strategy into our external positioning and sharpens how we articulate our business model, structural advantages, and approach to long-term value creation to the market.”

    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.

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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 twenty five hundred dollars for news coverage of the current press releases issued by Amaze Holdings, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

    July 17, 2025

  • MIL-OSI: LIS Technologies Inc. Appoints Distinguished Nuclear Expert Lloyd Jollay as its UF6 Systems Manager

    Source: GlobeNewswire (MIL-OSI)

    Lloyd Jollay’s addition continues LIS Technologies’ initiative to build a management team consisting of veteran nuclear industry specialists and leaders.

    Oak Ridge, Tennessee, July 16, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that Lloyd Jollay, a seasoned nuclear engineering professional with over 30 years of experience in nuclear safety, materials management, and advanced fuel cycle operations, has been appointed as it UF6 Systems Manager.

    “LIST’s patented CRISLA technology has the potential to support the revitalization and growth of the nation’s nuclear-fuel supply chain,” said Lloyd Jollay, UF6Systems Manager of LIS Technologies Inc. “The Company has taken a leading role in this industry’s innovation and decisive steps to rebirth, demonstrate and subsequently commercialize its technology. I look forward to putting my industry experience to work in support of this mission.”

    Former Vice President of Isotopes and Nuclear Fuel Cycle at Boston Government Services, Lloyd Jollay led the development of nuclear safety programs and provided licensing support for emerging advanced reactor and isotope production initiatives. His extensive background includes managing criticality safety programs, supporting the peaceful use and transport of uranium materials, and advising on nuclear nonproliferation strategies within the DOE and NNSA complex.

    Figure 1 – LIS Technologies Inc. Appoints Seasoned Nuclear Engineering Professional Lloyd Jollay as its UF6Systems Manager.

    In his prior roles, Mr. Jollay held multiple leadership positions at the Y-12 National Security Complex in Oak Ridge, Tennessee. His work included directing nuclear material applications, overseeing high-enriched uranium (HEU) supply and return efforts, and managing multimillion-dollar budgets supporting domestic and international nuclear nonproliferation. He also led criticality safety teams, supporting safe nuclear operations through rigorous documentation, evaluations, and compliance with regulatory bodies including NPO, NNSA, and the DNFSB. Mr. Jollay holds an MBA and a B.S. in Engineering Physics from the University of Tennessee, Knoxville, where he also completed coursework toward an M.S. in Nuclear Engineering.

    He is a certified Six Sigma Black Belt, has completed advanced training in SCALE and MCNP, and maintains active membership in the American Nuclear Society and the Institute of Nuclear Materials Management.

    “I’m pleased to welcome Lloyd to LIS Technologies,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “Bringing in seasoned leaders is essential as we scale, and Lloyd’s depth of experience in the nuclear sector will strengthen our management team at a critical juncture. His track record and commitment to the industry will be instrumental as we work to position LIST at the forefront of America’s nuclear fuel supply chain revitalization.”

    “Lloyd’s addition comes at a pivotal moment as we move toward the next phase of our technology’s development,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “With decades of experience in nuclear operations and non-proliferation, and his many connections with nuclear entities in the Oak Ridge area and nationwide, he brings along fresh perspective to help guide our work responsibly. Lloyd has consistently championed innovative solutions throughout his career, and I am pleased to have him on the team.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:

    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    • LIS Technologies Inc.

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Draganfly’s Commander3 XL UAV Selected by Major Branch of the U.S. Department of Defense for Advanced Operation Initiatives

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, July 16, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the successful selection of its Commander3 XL (C3XL) UAV platform, also known as the ‘Swiss Army Knife’ of drones, by a major branch of the United States Department of Defense (DoD). This delivery supports next-generation deployment initiatives focused on advanced reconnaissance in combination with operational capabilities.

    The procurement was facilitated through a known prime contractor, with Draganfly engaging directly with end-user military stakeholders to ensure the platform was tailored to meet real-world mission requirements. The Commander3 XL platform is to be deployed for intelligence, surveillance, and reconnaissance (ISR) missions that require additional operational capabilities underscoring the growing demand for adaptable UAV platforms in active defense scenarios.

    “This delivery further validates the Commander3 XL’s reliability and versatility for frontline applications,” said Cameron Chell, CEO of Draganfly. “We’re honored to support the DoD’s commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness.”

    The Commander3 XL is renowned for its robust flight performance, modular payload options, and mission-specific adaptability, making it a trusted platform for complex defense, security, and emergency response operations.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    Media Contact
    media@draganfly.com

    Company Contact
    Cameron Chell
    Chief Executive Officer
    (306) 955-9907
    info@draganfly.com

    CSE Listing
    NASDAQ Listing
    Frankfurt Listing

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to the Commander 3XL platform’s ability to meet real-world mission requirements, its ability to complete ISR missions that may require a mission profile requiring additional operational capabilities, and statements regarding the growing demand for adaptable UAV platforms in active defense scenarios Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Bitget Lists RCADE Network (RCADE) for Spot Trading with 124,440,000 in Token Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has announced the listing of RCADE Network (RCADE), for spot trading. Besides being available for spot trading, Bitget will also launch an exclusive Launchpool rewards campaign and a CandyBomb campaign. RCADE facilitates a decentralized gaming economy driven by the community, contributors, and gamers.

    Spot trading for RCADE will go live on 9 July 2025, 13:00 (UTC) under the RCADE/USDT pair, with withdrawals available on 10 July 2025, 14:00 (UTC). Eligible users can lock BGB to grab a share of 103,200,000 RCADE. Users have to lock a minimum of 5 BGB with up to a maximum locking limit of 50,000 BGB, depending on VIP tiers. The Launchpool campaign starts on 9 July 2025, 13:00 and will run till 13 July 2025, 13:00 (UTC). There will also be a CandyBomb campaign for traders with 16,000,000 RCADE up for grabs. The CandyBomb campaign starts on 9 July 2025, 13:00 and ends on 16 July 2025, 13:00 (UTC).

    Bitget is kicking off an X Giveaway, where 750 qualified users will have the chance to win a share of 2,360,000 RCADE. The campaign runs from July 9, 2025, 13:00 to July 12, 2025, 13:00 (UTC). To participate, users must follow Bitget and RCADE on X, quote the giveaway post with the hashtag #RCADExBitgetLaunchpool, tag a friend, sign up, deposit or trade RCADE on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run during the same period, offering another 2,880,000 RCADE to be shared among 1,000 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any RCADE/USDT spot trade.

    RCADE Network is a decentralized gaming ecosystem designed to place players at the center of both gameplay and value creation. At its core is a single interoperable token, RCADE, which powers a circular economy across all games in the Revolving Games universe. Through a distributed network of user-operated nodes, RCADE enables players to earn, exchange, and transfer value seamlessly between titles, breaking down the silos of traditional gaming platforms.

    By integrating players directly into its economic and operational structure, the network encourages participation beyond gameplay. Gamers are not just users, they then become stakeholders who contribute to and benefit from the ecosystem’s overall growth. This player-powered model supports a more inclusive and resilient environment, with nodes ensuring a secure and decentralized infrastructure for the entire network.

    Bitget continues to solidify its role as a top-tier cryptocurrency exchange, offering over 800 listed tokens across spot and derivatives markets. The addition of RCADE to Launchpool aligns with Bitget’s ongoing effort to support innovative projects whose value continues to evolve the ecosystem.

    Find more details on RCADE, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9367fe9b-f4a3-49f9-9bae-f2c9cc2042c9

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Small Business Earnings Climb Ahead of July Fed Meeting, Despite Shaky Sentiment

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Biz2Credit’s monthly Small Business Earnings Report found that average monthly earnings increased to $62,300 in June 2025, up markedly from May. This continues a positive run for earnings, nearly doubling since the beginning of the year.

    Key Findings for June 2025:

    • Average Monthly Earnings: $62,300. (May 2025: $49,300 – an increase of $13,000)
    • Average Monthly Revenue: $614,200. (May 2025: $547,600 – an increase of $66,600)
    • Average Monthly Expenses: $551,900. (May 2025: $498,300 – an increase of $53,600)

    Takeaways:

    Small businesses have faced immense headwinds in 2025, yet continue to produce growing earnings. In the first half of 2025, small business earnings have risen 75% as inflation remains tempered under 3% this year. Expenses ticked upward as small businesses continue to feel the brunt of tariffs on imports and various input goods, but significant price hikes for consumers haven’t manifested yet.

    Small business owners remain cautiously hopeful for the remainder of the year as tax reform is complete. “Taxes have remained a large pain point for small business operators, but now they should expect more stability and predictability after the Big Beautiful Bill was signed into law earlier this month,” said Rohit Arora, CEO and co-founder of Biz2Credit.

    Small business owners are also looking forward to potential interest rate cuts from the Federal Reserve in the second half of 2025. Recent market data points towards a possible rate cut, the first since 2024, which would potentially drive down the cost of borrowing for business owners.

    Summary

    The Biz2Credit Small Business Earnings Report summarizes primary data of companies that applied for funding each month. It assesses the financial health of small businesses by analyzing primary data provided directly by small to midsized firms in the U.S. as part of the application process on Biz2Credit’s award-winning digital funding platform. The report provides one of the most up-to-date readings on the financial health of small businesses currently available. Click here to review the Small Business Earnings Report.

    Methodology

    Biz2Credit examines a number of small business financial metrics in the Small Business Earnings Report, including annual revenue, operating expenses, age of business, credit score, approval rate, and funding rate. Data is drawn from over 100,000 completed financing applications submitted to Biz2Credit’s online small business funding platform between Jan. 2022 and June 2025.

    About Biz2Credit

    Founded in 2007, Biz2Credit has helped thousands of companies access more than in small business financing. Biz2Credit is headquartered in New York City, employs over 800 people with over half in product, data science, and engineering roles. Using data analytics and predictive modeling, Biz2Credit seeks to enhance the accuracy and transparency of business credit decisions, fueling long-term economic development. Visit www.biz2credit.com, or follow the company on LinkedIn, Instagram, Facebook, and X.

    Media Contact: Tracy Rubin, (818) 585-4736, tracy@jcmg.com

    The MIL Network –

    July 16, 2025

  • MIL-OSI: TRUMP Frenzy Live on HTX! Limited-Time Event Features 100,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

     

    PANAMA CITY, July 16, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, announces the launch of its TRUMP Trading Extravaganza, a comprehensive campaign designed to capitalize on the surging interest surrounding the TRUMP token. This initiative follows significant developments, including Justin Sun’s recent acquisition of $100 million in $TRUMP. As reported by CoinDesk on July 10, Justin Sun, founder of TRON DAO and Advisor to HTX, has publicly affirmed his strong belief in TRUMP’s global narrative potential and committed to driving its widespread adoption across Asian markets. This strategic push is underpinned by the TRON ecosystem’s ongoing development of a future-proof global settlement layer, which provides robust support for stablecoins and fosters on-chain liquidity for prominent assets, including TRUMP.

    Capitalizing on recent market momentum, including Bitcoin’s sustained record-breaking performance and strengthening on-chain consensus, HTX’s TRUMP Trading Extravaganza provides diverse opportunities for users to engage with and potentially profit from the burgeoning TRUMP trend. Running until July 26 at 07:00 (UTC), the event features spot and futures trading competitions, Earn products, and lucky draws. With a total prize pool of 100,000 USDT, rewards are distributed across two main activities.

    Activity 1: Join TRUMP Trading Competition to Split 40,000 USDT

    The growing trading frenzy around TRUMP has prompted HTX to launch a dedicated TRUMP trading competition. Registered participants who achieve a cumulative spot trading volume (TRUMP/USDT) ≥ 500 USDT or a cumulative futures trading volume (TRUMPUSDT) ≥ 5,000 USDT will be eligible to share a 40,000 USDT prize pool. Rewards will be distributed based on overall trading volume rankings, with the champion on the leaderboard winning an exclusive 8,000 USDT. The top 10 traders are guaranteed substantial rewards, each receiving thousands of USDT.

    To participate, users must click the “Register Now” button, as only trading data after registration will be included in the reward calculation.

    Activity 2: TRUMP Earn Offers 20% APY and 60,000 USDT Bonus

    Beyond trading, HTX provides a flexible and convenient option for users seeking stable returns. The TRUMP Flexible product allows users to earn limited-time high yields with ease.

    • Up to 20% APY within your reach.
    • Minimum subscription of just 0.1 TRUMP.
    • Flexible subscription and redemption for optimal liquidity.
    • 60,000 USDT APY bonus distributed on a first-come, first-served basis.

    Furthermore, HTX will randomly select five lucky users to receive a 50% APY Booster Coupon for USDD, enhancing their potential returns.

    Early Participation Grants Priority Access to Wealth Opportunities

    TRUMP has rapidly emerged as one of the most talked-about crypto assets, drawing widespread global attention fueled by the compelling narrative surrounding the 2024 U.S. election. It has consistently dominated trending topics across major social media platforms, achieving a remarkable convergence of escalating market value and intense public interest. Demonstrating keen market foresight, HTX quickly responded to these trends by being among the first to list TRUMP at the start of its market surge. With renewed enthusiasm for this “political meme token,” HTX’s TRUMP event will continue to empower users with valuable wealth-creation opportunities. The synergy of political developments and market sentiment is creating an undeniable “TRUMP Storm”, which is expected to drive a vibrant new cycle for meme coins.

    Participate now, ride the wave of this exciting trend, and reap the rewards of the TRUMP Frenzy with HTX!

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

    Disclaimer: This content is provided by HTX. 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. We do not guarantee any claims, statements, or promises made in this article. 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. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. 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. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    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 assume no responsibility for any inaccuracies, errors, or omissions. 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.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8a846c64-73cc-4aaa-b3d2-18e21f3490f2

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Rigetti Demonstrates Industry’s Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY, Calif., July 16, 2025 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has achieved its mid-year performance milestone of 99.5% median two-qubit gate* fidelity on its modular 36-qubit system, a 2x reduction in median two-qubit gate error rate from Rigetti’s previous best results on its 84-qubit single chip Ankaa™-3 system. Composed of four 9-qubit chips (“chiplets”) tiled together, the 36-qubit system is based on Rigetti’s proprietary modular chip technology and unlocks the Company’s path to building a 100+ qubit chiplet-based system. Rigetti plans to launch its 36-qubit system on August 15, and remains on track to release its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of 2025.

    “We benefit from the many advantages of superconducting qubits, including gate speeds more than 1,000x faster than other modalities like ion trap and pure atoms, and scalability. By leveraging well-known techniques from the semiconductor industry, we’ve developed proprietary technology that we believe is critical to enable scaling to higher qubit count systems,” says Dr. Subodh Kulkarni, Rigetti CEO. “We look forward to sharing more updates when we release our operating results for the second quarter of 2025.”

    *Rigetti implemented CZ gates, which are a commonly used two-qubit gate for executing quantum circuits and have equivalent computational power to iSWAP gates.

    About Rigetti
    Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at www.rigetti.com.

    Rigetti Computing Media Contact:
    press@rigetti.com

    Cautionary Language Concerning Forward-Looking Statements
    Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s expectations with respect to its future success and performance, including expectations that the performance milestone unlocks the Company’s path to building a 100+ qubit chiplet-based system, expectations to launch its 36-qubit system on August 15, expectations to release its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of 2025, expectations to benefit from the advantages of superconducting qubits, the belief that the developed proprietary technology is critical to enable scaling to higher qubit count systems, the belief that Rigetti’s demonstration is the largest multi-chip quantum computer, and the potential of the Company’s business and quantum computing generally. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company’s partnerships and collaborations, including the strategic collaboration with Quanta; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and other documents filed by the Company from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Matador Technologies Inc. Board Approves Long-Term Bitcoin Treasury Acquisition Strategy

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • Strategic objective: develop a strategy to grow Matador’s Bitcoin treasury to position the Company to be a significant corporate BTC holder.
    • Treasury product flywheel: balance sheet growth is reinvested into BTC-denominated product revenues.
    • Financing readiness: Matador has filed a preliminary short-form base shelf prospectus to provide capital-raising flexibility over the next 25 months.
    • Disciplined execution: All initiatives remain subject to market conditions, financing availability, and any additional regulatory or board approvals.

    TORONTO, July 16, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“Matador” or the “Company”) announces that its Board of Directors (the “Board”) has recently approved the initiation of a treasury plan to pursue the accumulation of up to 6,000 Bitcoin on or before 2027. The Board also ratified an interim objective of 1,000 BTC on or before 2026. Matador currently holds 77.4 BTC and BTC equivalents and has a long-term objective to hold 1% of Bitcoin’s supply and be a top 20 corporate holder globally.

    BTC Holdings and Strategic Objectives

    Matador currently holds 77.4 BTC and BTC equivalents, and is currently considering various financing alternatives to acquire additional Bitcoin, with indicative targets of acquiring up to 1,000 BTC on or before 2026 and 6,000 BTC on or before 2027. These targets are indicative only and should not be construed as financial projections.

    Based on certain illustrative assumptions, if the full CAD $900 million available under the base shelf prospectus were used to acquire Bitcoin, and assuming an average purchase price of CAD $151,659 per BTC (based on the average daily closing price over the past two weeks as of July 13, 2025), this would represent approximately 5,934 BTC. When added to the Company’s existing holdings of approximately 77 BTC, this would total approximately 6,011 BTC, which aligns with the Company’s 2027 target. These assumptions are for illustrative purposes only.

    Acquisition of any additional Bitcoin by the Company is subject to various factors, including financing availability, prevailing market conditions, and any required regulatory consents. The cost of acquiring Bitcoin will depend on prevailing market conditions and may vary materially. The Company will assess all acquisitions based on price, timing, and capital impact. Matador will evaluate funding options based on prevailing market conditions and investor appetite, with a focus on maximizing Bitcoin per Share (“BPS”) while maintaining a strong capital structure. No assurance can be given that any financing alternative will be available on terms acceptable to the Company or at all.

    Funding Strategy

    To execute the plan, Matador may employ:

    • At-the-market (ATM) equity offerings;
    • Convertible or structured financings;
    • Divestiture of non-core assets;
    • BTC-backed credit facilities; and
    • Strategic acquisitions or partnerships that aim to boost BPS.

    To support its objectives, Matador has filed a preliminary short-form base shelf prospectus (“Shelf Prospectus”) for CAD $900M with the securities regulatory authorities in the Provinces of Canada, other than Quebec, on July 11, 2025, which remains subject to review by applicable securities regulators. Subject to regulatory approval, if approved, the final version of the Shelf Prospectus will permit the Company to issue equity, debt or units from time to time over a 25-month period, providing flexibility to align capital raising with market windows.

    “Our business is structured around Bitcoin as a core asset,” said Deven Soni, CEO of Matador Technologies. “This approach extends beyond treasury management to include infrastructure and operational components aligned with the Bitcoin ecosystem. Execution is subject to financing, market conditions and regulatory approval.”

    “Holding Bitcoin as a treasury asset allows us to align with a fixed-supply, globally accessible monetary network,” said Mark Moss, Chief Visionary Officer of Matador Technologies. “Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk. Execution is subject to financing, market conditions and regulatory approval.”

    A New Era of Bitcoin-Backed Business

    Matador’s strategy is built on a compounding flywheel that integrates treasury allocation, financial innovation, and real-world product development:

    1. Strategically Accumulate Bitcoin: acquire Bitcoin in a shareholder-friendly manner with the goal of maximizing BPS.
    2. Generate Treasury Yield: implement advanced treasury strategies designed to monetize Bitcoin’s volatility, including BTC Volatility Capture Yield Mining and synthetic Bitcoin mining.
    3. Build Real-World Applications: launch Bitcoin-native financial products, through its proprietary Digital Asset Platform that digitizes assets on the Bitcoin Blockchain. These products aim to generate revenue in Bitcoin, directly increasing the Company’s BPS.
    4. Support the Ecosystem: partner with builders and developers across the Bitcoin ecosystem, including Layer 2 protocols, Bitcoin-native DeFi, and custody or infrastructure platforms, to accelerate innovation and adoption.
    5. Advance the Global Bitcoin Treasury Model: beginning with our minority investment in HODL Systems (India) announced on May 29, 2025, while actively evaluating additional jurisdictions where Bitcoin treasury adoption is accelerating. Inspired by the observed case studies of international public companies holding Bitcoin as a treasury reserve, Matador believes India offers a conducive market for BTC treasury adoption.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network

    Phone: 647-496-6282

    About Matador Technologies Inc.

    Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy, receipt of regulatory approvals, anticipated growth in Net Asset Value and/or BPS, the ability of the Company to meet its indicative Bitcoin accumulation targets as currently proposed or at all, availability of financing on terms acceptable to the Company or at all, and the operation of its platform as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, availability of financing and regulatory approvals, whether a final Shelf Prospectus will be filed as currently proposed or at all, the terms and conditions of any future financings by the Company, the pricing of acquisitions, the long term value of Bitcoin, the success of the Company’s platform as currently proposed or at all, the impact of the value of Bitcoin and any of Matador’s initiatives on shareholder value and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6cb0a194-96d6-4a88-8885-49434e91c3a5

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Matador Technologies Inc. Board Approves Long-Term Bitcoin Treasury Acquisition Strategy

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • Strategic objective: develop a strategy to grow Matador’s Bitcoin treasury to position the Company to be a significant corporate BTC holder.
    • Treasury product flywheel: balance sheet growth is reinvested into BTC-denominated product revenues.
    • Financing readiness: Matador has filed a preliminary short-form base shelf prospectus to provide capital-raising flexibility over the next 25 months.
    • Disciplined execution: All initiatives remain subject to market conditions, financing availability, and any additional regulatory or board approvals.

    TORONTO, July 16, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“Matador” or the “Company”) announces that its Board of Directors (the “Board”) has recently approved the initiation of a treasury plan to pursue the accumulation of up to 6,000 Bitcoin on or before 2027. The Board also ratified an interim objective of 1,000 BTC on or before 2026. Matador currently holds 77.4 BTC and BTC equivalents and has a long-term objective to hold 1% of Bitcoin’s supply and be a top 20 corporate holder globally.

    BTC Holdings and Strategic Objectives

    Matador currently holds 77.4 BTC and BTC equivalents, and is currently considering various financing alternatives to acquire additional Bitcoin, with indicative targets of acquiring up to 1,000 BTC on or before 2026 and 6,000 BTC on or before 2027. These targets are indicative only and should not be construed as financial projections.

    Based on certain illustrative assumptions, if the full CAD $900 million available under the base shelf prospectus were used to acquire Bitcoin, and assuming an average purchase price of CAD $151,659 per BTC (based on the average daily closing price over the past two weeks as of July 13, 2025), this would represent approximately 5,934 BTC. When added to the Company’s existing holdings of approximately 77 BTC, this would total approximately 6,011 BTC, which aligns with the Company’s 2027 target. These assumptions are for illustrative purposes only.

    Acquisition of any additional Bitcoin by the Company is subject to various factors, including financing availability, prevailing market conditions, and any required regulatory consents. The cost of acquiring Bitcoin will depend on prevailing market conditions and may vary materially. The Company will assess all acquisitions based on price, timing, and capital impact. Matador will evaluate funding options based on prevailing market conditions and investor appetite, with a focus on maximizing Bitcoin per Share (“BPS”) while maintaining a strong capital structure. No assurance can be given that any financing alternative will be available on terms acceptable to the Company or at all.

    Funding Strategy

    To execute the plan, Matador may employ:

    • At-the-market (ATM) equity offerings;
    • Convertible or structured financings;
    • Divestiture of non-core assets;
    • BTC-backed credit facilities; and
    • Strategic acquisitions or partnerships that aim to boost BPS.

    To support its objectives, Matador has filed a preliminary short-form base shelf prospectus (“Shelf Prospectus”) for CAD $900M with the securities regulatory authorities in the Provinces of Canada, other than Quebec, on July 11, 2025, which remains subject to review by applicable securities regulators. Subject to regulatory approval, if approved, the final version of the Shelf Prospectus will permit the Company to issue equity, debt or units from time to time over a 25-month period, providing flexibility to align capital raising with market windows.

    “Our business is structured around Bitcoin as a core asset,” said Deven Soni, CEO of Matador Technologies. “This approach extends beyond treasury management to include infrastructure and operational components aligned with the Bitcoin ecosystem. Execution is subject to financing, market conditions and regulatory approval.”

    “Holding Bitcoin as a treasury asset allows us to align with a fixed-supply, globally accessible monetary network,” said Mark Moss, Chief Visionary Officer of Matador Technologies. “Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk. Execution is subject to financing, market conditions and regulatory approval.”

    A New Era of Bitcoin-Backed Business

    Matador’s strategy is built on a compounding flywheel that integrates treasury allocation, financial innovation, and real-world product development:

    1. Strategically Accumulate Bitcoin: acquire Bitcoin in a shareholder-friendly manner with the goal of maximizing BPS.
    2. Generate Treasury Yield: implement advanced treasury strategies designed to monetize Bitcoin’s volatility, including BTC Volatility Capture Yield Mining and synthetic Bitcoin mining.
    3. Build Real-World Applications: launch Bitcoin-native financial products, through its proprietary Digital Asset Platform that digitizes assets on the Bitcoin Blockchain. These products aim to generate revenue in Bitcoin, directly increasing the Company’s BPS.
    4. Support the Ecosystem: partner with builders and developers across the Bitcoin ecosystem, including Layer 2 protocols, Bitcoin-native DeFi, and custody or infrastructure platforms, to accelerate innovation and adoption.
    5. Advance the Global Bitcoin Treasury Model: beginning with our minority investment in HODL Systems (India) announced on May 29, 2025, while actively evaluating additional jurisdictions where Bitcoin treasury adoption is accelerating. Inspired by the observed case studies of international public companies holding Bitcoin as a treasury reserve, Matador believes India offers a conducive market for BTC treasury adoption.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network

    Phone: 647-496-6282

    About Matador Technologies Inc.

    Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy, receipt of regulatory approvals, anticipated growth in Net Asset Value and/or BPS, the ability of the Company to meet its indicative Bitcoin accumulation targets as currently proposed or at all, availability of financing on terms acceptable to the Company or at all, and the operation of its platform as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, availability of financing and regulatory approvals, whether a final Shelf Prospectus will be filed as currently proposed or at all, the terms and conditions of any future financings by the Company, the pricing of acquisitions, the long term value of Bitcoin, the success of the Company’s platform as currently proposed or at all, the impact of the value of Bitcoin and any of Matador’s initiatives on shareholder value and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6cb0a194-96d6-4a88-8885-49434e91c3a5

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Caesars Entertainment and Bread Financial Introduce New Caesars Rewards® Prestige Visa, a Premium-Level Credit Card Allowing Caesars Rewards Members to Earn Tier Status Faster and Unlock Luxury Rewards with Every Purchase

    Source: GlobeNewswire (MIL-OSI)

    • New premium-level credit card includes annual complimentary resort night, dining credits, gaming offers and more
    • Accelerated rewards create even more show-stopping, value-rich experiences for cardmembers

    LAS VEGAS, July 16, 2025 (GLOBE NEWSWIRE) — Caesars Entertainment (NASDAQ: CZR), the largest casino entertainment company in the U.S., is playing a bold new hand by launching a second, elevated, Caesars Rewards® Visa Signature credit card with Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions. For a $149 annual fee*, the Caesars Rewards Prestige Visa Signature credit card includes up to $450 in annual value and gives members all the benefits of high-end experiences as well as waived fees for foreign transactions*.

    Cardmembers will receive Prestige Perks worth up to $450 and redeemable annually across Caesars’ 50+ U.S. destinations, including:

    • A complimentary hotel night upon anniversary (up to $300)*
    • $50 Slot Play*
    • $100 Caesars dining credit*
    • Accelerated earn rates for Caesars Rewards destinations at seven Reward Credits® per $1 spent*

    “Caesars Entertainment has always been about giving our members unmatched access to the best experiences in the industry,” said Josh Jones, chief marketing officer at Caesars Entertainment. “Through our world-class Caesars Rewards program and our relationship with Bread Financial, we’re expanding the ways our members can earn and enjoy perks—from one-of-a-kind experiences, exceptional dining options, accelerated status opportunities and more – this new card option brings even more excitement, value and VIP treatment to every guest staying and playing with Caesars Entertainment.”

    “The Caesars Rewards Prestige Visa credit card gives cardmembers more ways to earn rewards immediately on everyday purchases and unlock exclusive perks on travel, entertainment, dining and gaming —making every tap a step closer to their next unforgettable Caesars experience,” said Val Greer, EVP and chief commercial officer at Bread Financial. “This new credit card offers Caesars’ most dedicated members additional opportunities to make each purchase even more rewarding.”

    Additionally, the credit card provides more ways to earn Tier Credits through welcome offers and annual bonuses, enabling members to achieve their Caesars Rewards loyalty program tiers faster. New cardholders can earn up to 25,000 additional Tier Credits in their first year*.

    Welcome Offer

    • Platinum Status upgrade*
    • 2,500 Tier Credits after first purchase outside of Caesars Rewards destinations*
    • 20,000 Reward Credits and 2,500 Tier Credits after $1,000 spend outside of Caesars Rewards destinations*

    Annual Bonuses

    • 2,500 Tier Credits with $5,000 annual spend + another 2,500 Tier Credits with $10,000 annual spend*
    • 15,000 Tier Credits with $50,000 annual spend*

    The new credit card adds to the existing Caesars Rewards Visa suite, including the Caesars Rewards Visa Signature Credit Card. Whether members are gaming, dining, or on the go, Caesars and Bread Financial have cardmembers covered with two distinct credit card programs to choose from and limitless ways to earn. The Caesars Rewards Visa card has also been elevated with a sophisticated new black design, bringing a sleek, modern edge to a card that delivers everyday perks with timeless luxury. For more information, please visit caesarsrewards.com/visa.

    * Visit caesarsrewards.com/visa to review important terms, conditions, and limitations on cardholder benefits.

    About Caesars Entertainment, Inc.
    Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the U.S. and one of the world’s most diversified casino entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards® loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its Team Members, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit www.caesars.com/corporate. If you think you or someone you care about may have a gambling problem, call 1-877-770-STOP (1-877-770-7867).

    About Bread Financial®
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Contact
    Rachel Stultz, Bread Financial – rachel.stultz@breadfinancial.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae0d0984-0df4-477b-9734-4de9041fd1f7

    The MIL Network –

    July 16, 2025

  • MIL-OSI: Caesars Entertainment and Bread Financial Introduce New Caesars Rewards® Prestige Visa, a Premium-Level Credit Card Allowing Caesars Rewards Members to Earn Tier Status Faster and Unlock Luxury Rewards with Every Purchase

    Source: GlobeNewswire (MIL-OSI)

    • New premium-level credit card includes annual complimentary resort night, dining credits, gaming offers and more
    • Accelerated rewards create even more show-stopping, value-rich experiences for cardmembers

    LAS VEGAS, July 16, 2025 (GLOBE NEWSWIRE) — Caesars Entertainment (NASDAQ: CZR), the largest casino entertainment company in the U.S., is playing a bold new hand by launching a second, elevated, Caesars Rewards® Visa Signature credit card with Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions. For a $149 annual fee*, the Caesars Rewards Prestige Visa Signature credit card includes up to $450 in annual value and gives members all the benefits of high-end experiences as well as waived fees for foreign transactions*.

    Cardmembers will receive Prestige Perks worth up to $450 and redeemable annually across Caesars’ 50+ U.S. destinations, including:

    • A complimentary hotel night upon anniversary (up to $300)*
    • $50 Slot Play*
    • $100 Caesars dining credit*
    • Accelerated earn rates for Caesars Rewards destinations at seven Reward Credits® per $1 spent*

    “Caesars Entertainment has always been about giving our members unmatched access to the best experiences in the industry,” said Josh Jones, chief marketing officer at Caesars Entertainment. “Through our world-class Caesars Rewards program and our relationship with Bread Financial, we’re expanding the ways our members can earn and enjoy perks—from one-of-a-kind experiences, exceptional dining options, accelerated status opportunities and more – this new card option brings even more excitement, value and VIP treatment to every guest staying and playing with Caesars Entertainment.”

    “The Caesars Rewards Prestige Visa credit card gives cardmembers more ways to earn rewards immediately on everyday purchases and unlock exclusive perks on travel, entertainment, dining and gaming —making every tap a step closer to their next unforgettable Caesars experience,” said Val Greer, EVP and chief commercial officer at Bread Financial. “This new credit card offers Caesars’ most dedicated members additional opportunities to make each purchase even more rewarding.”

    Additionally, the credit card provides more ways to earn Tier Credits through welcome offers and annual bonuses, enabling members to achieve their Caesars Rewards loyalty program tiers faster. New cardholders can earn up to 25,000 additional Tier Credits in their first year*.

    Welcome Offer

    • Platinum Status upgrade*
    • 2,500 Tier Credits after first purchase outside of Caesars Rewards destinations*
    • 20,000 Reward Credits and 2,500 Tier Credits after $1,000 spend outside of Caesars Rewards destinations*

    Annual Bonuses

    • 2,500 Tier Credits with $5,000 annual spend + another 2,500 Tier Credits with $10,000 annual spend*
    • 15,000 Tier Credits with $50,000 annual spend*

    The new credit card adds to the existing Caesars Rewards Visa suite, including the Caesars Rewards Visa Signature Credit Card. Whether members are gaming, dining, or on the go, Caesars and Bread Financial have cardmembers covered with two distinct credit card programs to choose from and limitless ways to earn. The Caesars Rewards Visa card has also been elevated with a sophisticated new black design, bringing a sleek, modern edge to a card that delivers everyday perks with timeless luxury. For more information, please visit caesarsrewards.com/visa.

    * Visit caesarsrewards.com/visa to review important terms, conditions, and limitations on cardholder benefits.

    About Caesars Entertainment, Inc.
    Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the U.S. and one of the world’s most diversified casino entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards® loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its Team Members, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit www.caesars.com/corporate. If you think you or someone you care about may have a gambling problem, call 1-877-770-STOP (1-877-770-7867).

    About Bread Financial®
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Contact
    Rachel Stultz, Bread Financial – rachel.stultz@breadfinancial.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae0d0984-0df4-477b-9734-4de9041fd1f7

    The MIL Network –

    July 16, 2025
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