Category: Economy

MIL-OSI United Kingdom: Bury director jailed after failing to produce accounts for company which owed more than £200,000 in tax
Source: United Kingdom – Executive Government & Departments

Director jailed for offences under the Insolvency and Companies Act
Vezubuhle Ndlovu was the director of VN Electrics Limited when it went into liquidation owing more than £200,000 in unpaid tax

Ndlovu failed to deliver accounting records to the liquidator as he was required to do so under law

This failure meant his company’s accounts could not be investigated, resulting in criminal investigations into the 41-year-old by the Insolvency Service

A Bury director who failed to produce accounting records and refused to co-operate with the Insolvency Service after his company went into liquidation owing more than £200,000 in unpaid tax has been jailed.

Vezubuhle Ndlovu was sentenced to 10 months in prison when he appeared at Manchester Crown Court on Tuesday 15 October.

The 41-year-old had previously pleaded guilty to offences under the Insolvency Act and Companies Act for his VN Electrics Limited business.

Ndlovu, of Spinney Crescent, Bury, failed to provide up-to-date records to the Insolvency Service when VN Electrics was liquidated in 2019, meaning the Official Receiver could not accurately assess the company’s position and liabilities.

David Snasdell, Chief Investigator at the Insolvency Service, said:

Vezubuhle Ndlovu’s offending was persistent and he has shown no insight into his criminal actions.

If a company fails to keep proper records it exposes creditors and trading partners to unacceptable levels of risk. A company that does not keep records is more likely to fail and the Official Receiver or insolvency practitioner will be unable to identify and take steps to recover the company’s assets.

Ndlovu failed in his statutory duties to deliver up-to-date accounting records and at no point engaged with the Official Receiver or our investigators when asked to do so.

VN Electrics was established in May 2017, with Ndlovu the sole director. The company’s business was described on Companies House as ‘non-specialised wholesale trade’.

The company was liquidated in December 2019 after a petition from HM Revenue and Customs, which was owed £221,600 by VN Electrics.

The Insolvency Service wrote to Ndlovu on three separate occasions after VN Electrics was wound-up, reminding him of his statutory duty to preserve the company’s books and records and to deliver them to the Official Receiver.

Ndlovu failed to respond and did not turn up to an interview at the Official Receiver’s Office.

Civil proceedings which resulted in a seven-year director disqualification for Ndlovu began in September 2020 and concluded in April 2022. At no point did Ndlovu engage with the investigation.

Just one month after Ndlovu’s director ban, criminal investigators from the Insolvency Service invited him in for interview. Again, Ndlovu failed to respond or attend the interview.

Ndlovu’s failure to deliver books and records meant the Official Receiver was unable to establish if sales and purchases of just more than £1 million were the true level of VN Electrics’ income and expenditure between August 2017 and February 2019.

The Official Receiver was also unable to determine if VN Electrics owned any assets at any time between incorporation and liquidation, and if so, what happened to them.

Further information

Vezubuhle Ndlovu is of Spinney Drive, Bury, Greater Manchester. His date of birth is 13 August 1983

Sentenced for: misconduct in the course of winding-up, contrary to section 208 (1) of the Insolvency Act 1986, failing to keep accounting records, contrary to sections 387 (1) and 389 (1) of the Companies Act 1986

VN Electrics Limited (company number 10748801)

Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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Published 22 October 2024
MIL OSI United Kingdom –
January 24, 2025
MIL-OSI Economics: BaFin warns consumers about a further FinFlex website: finflex.info

Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

On 9 August 2024, BaFin issued a warning about FinFlex and its website finflex.org, which has since been deactivated. The unknown operators are now using the nearly identical website finflex.info. BaFin suspects the operators of the websites of offering consumers financial and investment services on these platforms without the required authorisation.

The content of the websites is identical to other platforms that BaFin has previously warned consumers about and that display the same opening sentence: “Upgrade Your Trading With…”.

Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.

Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

Please be aware:

BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

MIL OSI Economics –

January 24, 2025
MIL-OSI USA: American Bar Association Offers Free Legal Aid to Hurricane Helene Survivors in South Carolina

Source: US Federal Emergency Management Agency 2

ree legal assistance is available to disaster survivors in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation who were affected by Hurricane Helene in South Carolina.
If you need help, you can call (803) 799-6653 ext. 120 or (803) 576-3815 8:30 a.m. — noon; 1:00 — 4:30 p.m. ET, Monday through Friday. If after business hours, survivors can leave a message. The hotline is available to connect survivors to free legal services in qualifying counties who cannot afford an attorney.
Legal Aid may be able to help survivors in the following ways:

FEMA and SBA financial benefits.
Home repair contracts and property insurance claims.
Re-doing wills and other important legal documents destroyed in the disaster.
Price gouging, scams or identity theft.
Landlord or tenant problems, or threats of foreclosure.
Disability-related access to federal, state and local disaster programs.

The Disaster Legal Services program works with state and local partners to provide free legal help for low-income disaster survivors. The service is a partnership between the American Bar Association Young Lawyers Division, FEMA, and various organizations and volunteer attorneys.
Hotline partners cannot help in all cases. For example, the Disaster Legal Services program cannot take cases where a settlement could include legal fees or an award, but DLS can refer those cases to other legal help.

MIL OSI USA News –

January 24, 2025
MIL-OSI Russia: With the support of Rosneft, the Days of Culture of Indigenous Peoples of the Tyumen Region opened

Translation. Region: Russian Federation –

Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

With the support of RN-Uvatneftegaz (part of Rosneft), the Days of Indigenous Peoples Culture have started in the Tyumen Region. It is expected that over 1,200 guests will visit the festival in two weeks.

In the ethnographic center “Uvas Mir Hot” (House of Northern People), created with the support of “RN-Uvatneftegaz”, guests get acquainted with the rich culture of northern ethnic groups, their customs and traditions. The concert program of the opening of the festival included performances by dancers and throat singers accompanied by a jaw harp. Excursions around the ethnic camp were organized for adults and children, and they could also take part in games in national sports and taste dishes of national cuisine.

The Days of Culture will include interactive excursions and themed events for schoolchildren and large families. For residents of the Uvatsky District, the festival will also include performances by creative groups, competitions in national sports “Northern All-Around”, master classes in arts and crafts, an exhibition of photographs and works by northern poets and writers. Guests of the festival will also be able to watch the film “Master of the Taiga”, which introduces the unique culture and way of life of the Eastern Khanty. The festival program will end in the Uvatsky District, where 30 families of indigenous peoples live in 11 camps today.

The assistance of the oil producing company RN-Uvatneftegaz in organizing this and other traditional national holidays helps popularize culture and strengthen ties between families and generations.

The territory of “Uvas Mir Hot” hosts ritual festivals and cultural events, concerts, interactive excursions, local history and national language lessons, and master classes all year round. To immerse guests in the culture and life of indigenous peoples, the ethnic camp has recreated in detail a Khanty hut, a Nenets tent in summer and winter versions, a storage shed for food, a kitchen with a clay oven, a hunter’s hut, and animal enclosures. Interest in the “House of Northern People” is growing – since the beginning of the year, it has been visited by 14,800 tourists.

Preservation of the national culture of the indigenous peoples of the North is one of the significant areas of Rosneft’s social policy. The Company’s enterprises implement many social projects in the regions of their operations, develop the infrastructure of northern villages, help reindeer herder families, improve the material and technical base of educational institutions, social and medical facilities in areas of traditional residence.

RN-Uvatneftegaz, together with the administration of the Uvatsky municipal district, supports representatives of the Khanty, Mansi and Evenki of the Tyumen region, providing comprehensive assistance in preserving their way of life. The company pays for the education of young people in secondary specialized and higher educational institutions, finances participation in competitions in a national sport – oblas (boat) races. Oil workers provide access to winter roads and ice crossings that are built for production needs, organize the distribution of fuel at the fields closest to the camps. The company is also one of the organizers of the annual festival “Wealth of the Uvat Taiga”, which includes a fair of goods of traditional crafts and trades of indigenous peoples living in the Uvatsky district.

Reference:

RN-Uvatneftegaz LLC, a subsidiary of Rosneft Oil Company, is conducting exploration and development of a group of fields located in the Uvatsky District of the Tyumen Region and the Khanty-Mansiysk Autonomous Okrug-Yugra. The Uvatsky project includes 19 licensed areas, their total area exceeds 25 thousand square kilometers.

Department of Information and Advertising of PJSC NK Rosneft October 22, 2024

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

January 24, 2025
MIL-OSI Banking: Governor Ulrik Nødgaard’s presentation at Grisekongres 2024

Source: Danmarks Nationalbank

Financial stability and financial risks

22 October 2024

Governor Ulrik Nødgaard gave a presentation at Grisekongres 2024 on 22 October. The presentation gave an overview of the Danish economy, geo-economic fragmentation, and the economic situation in the agricultural sector. The main messages were: We expect a soft landing for the Danish economy; there are initial signs of fragmentation in the global economy, and the agricultural sector has generally become more economically robust. (The presentation is in Danish only).

MIL OSI Global Banks –

January 24, 2025
MIL-OSI NGOs: Lebanon: Israeli attacks on financial institutions are possible war crimes

Source: Amnesty International –

There have been multiple attacks on branches of Qard al-Hassan, a non-profit financial association affiliated with Hezbollah

Under laws of war, financial institutions are civilian objects unless being used for military purposes

‘Israeli forces have targeted an institution that serves as an economic lifeline for countless Lebanese civilians’ – Erika Guevara Rosas

The Israeli military’s targeting of branches of Qard al-Hassan, a non-profit financial association affiliated with Hezbollah with over 30 branches across Lebanon, is likely to be a violation of international humanitarian law and must be investigated as a possible war crime, Amnesty International said today.

Under the laws of war, branches of financial institutions are civilian objects unless they are being used for military purposes. These attacks are likely to constitute a direct attack on civilian objects.

On 20 October, the Israeli military’s Arabic spokesperson announced on X that its forces would begin “attacking infrastructure belonging to the Hezbollah’s Qard al-Hassan”, instructing residents to immediately move away from areas in the vicinity of these buildings. The first attack was reported only 35 minutes later at around 9:30 pm.

Lebanese state media has reported a total of 11 attacks on Qard al-Hassan buildings in the southern suburbs of Beirut, as well as several other branches in other parts of the country, including in the south and in the Bekaa Valley.

Qard al-Hassan, operating under a licence granted by the Lebanese government, is currently Lebanon’s biggest microcredit provider and is used by many Lebanese civilians, predominantly Shiites, to access small, interest-free loans. Many Lebanese people from various religious communities have increasingly relied on Qard al-Hassan for loans to pay for education, healthcare and small businesses, particularly since the collapse of Lebanon’s banking sector in 2019. It has been under US sanctions since 2007.

Erika Guevara Rosas, Amnesty International’s Senior Director for Research, Advocacy, Policy and Campaigns, said:

“Israeli forces have targeted an institution that serves as an economic lifeline for countless Lebanese civilians.

“This, along with an evacuation warning issued less than 40 minutes before the start of the strikes, shows Israel’s disregard for international humanitarian law.

“Even if as the Israeli military alleges the institution does provide financing to Hezbollah it is not likely to meet the definition of a military objective, particularly for branches serving civilian customers.

“Under international humanitarian law, attacks against civilians and civilian objects are prohibited. An international investigation into the attacks on Qard al-Hassan must be urgently initiated.

“Israel must abandon a definition of military objectives that is so broad as to include branches of a financial institution.”

Civilian objects protected under international humanitarian law

International humanitarian law prohibits direct attacks against “civilian objects” such as homes, businesses and shops unless these buildings are being used for military purposes. Having an association with Hezbollah is not sufficient to classify a civilian building or the civilians inside it as military objectives. Many of Qard al-Hassan’s branches and offices are located in residential buildings in the middle of densely-populated residential areas. Hundreds of residents had to flee their homes after the Israeli military issued evacuation warnings. A senior Israeli intelligence official was quoted in the media stating that in addition to hindering the ability of Hezbollah to function and rebuild following the war, “the main objective is to affect trust between Hezbollah and a lot of the Shiite community that uses this association as a banking system”. Undermining trust between Hezbollah and the Shiite community is not a lawful justification for militarily targeting an institution.

MIL OSI NGO –

January 24, 2025
MIL-OSI: Navatar’s Latest CRM Platform For M&A Helps Investment Banks Leverage Superior Proprietary Intelligence As M&A Deal Activity Increases

Source: GlobeNewswire (MIL-OSI)

NEW YORK and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) — The M&A advisory business relies on good intelligence. Bankers must connect a lot of disparate threads of information whether they are pitching, researching buyers, managing sponsors, executing mandates or simply prioritizing their agenda for the week. To do that, bankers must find a way to automatically capture and then connect all of this proprietary information, most of it gathered painstakingly from their network over time.

The new Navatar platform is designed to capture and harness this intelligence for investment bankers. It uses AI to automatically capture information from all of the firm’s interactions and then consolidates intelligence for each company, person, lead, sponsor, pitch, mandate, sector or even a niche subsector.

The ability to create a sector/subsector knowledge-base incorporating proprietary intelligence is becoming critical as sector-specific opportunities in technology, energy and life sciences drive deal activity, according to the latest EY M&A Activity Report.

“Today’s market demands your A-game. Your A-game primarily relies on proprietary intelligence. This intelligence must be collated from all the information your team painstakingly acquires from your network. The new Navatar Platform will synthesize this intelligence to help step up your game,” said Alok Misra, CEO of Navatar.

For more information on Navatar for M&A advisory, please visit:
https://www.navatargroup.com/mergers-and-acquisitions-crm-software/

ABOUT NAVATAR
Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, raises the bar to help dealmakers move beyond efficiency gains and focus on competitive differentiation. Navatar is used by hundreds of firms including private equity funds, M&A boutiques and bulge brackets, fund of funds, multi-asset credit, hedge funds, real estate funds, venture capital firms, corporate development groups, family offices, private placement and other financial services companies.

Sales Team
Navatar
sales@navatargroup.com

The MIL Network –

January 24, 2025
MIL-OSI: Marex Group Plc to Announce Third Quarter 2024 Earnings on November 7, 2024

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Marex Group plc (NASDAQ: MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the “Investors” section of the Marex website at https://ir.marex.com/.

A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e

About Marex:

Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. Enabling access to 58 exchanges, the Group provides coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging, and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, serving over 4,000 active clients and executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds, and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

The MIL Network –

January 24, 2025
MIL-OSI: Abaxx Announces C$2.795 million Strategic Financing

Source: GlobeNewswire (MIL-OSI)

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE CA:ABXX) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, is pleased to announce that it anticipates entering into a binding agreement with a strategic investor, pursuant to which the investor has agreed to purchase 215,000 common shares (the “Shares”) of the Company at a price of CAD$13.00 per common share for aggregate gross proceeds of C$2,795,000 on a private placement basis (the “Financing”).

The proceeds of the Financing are expected to be used for general corporate and working capital requirements, including to fund ongoing operations and/or working capital and minimum regulatory requirements for Abaxx Exchange and Abaxx Clearing. No finder’s fees or commissions were paid in connection with the Financing. The parties must enter into a binding subscription agreement to complete the Financing which is expected to close as soon as reasonably practicable and is subject to final acceptance of Cboe Canada.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities issuable under the Financing have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold to or for the account or benefit of persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Abaxx Technologies
Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is a majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by the Monetary Authority of Singapore as “recognized market operator” and “approved clearinghouse”, respectively.

Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

For more information about this press release, please contact:

Steve Fray, CFO
Tel: 647-490-1590

Media and investor inquiries:

Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 647 490 1590
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.

Forward-looking information related to Abaxx in this press release includes but is not limited to, Abaxx’s objectives, goals or future plans, the anticipated closing and timing of closing of the Financing, regulatory approvals in connection with the Financing and intended use of proceeds from the Financing. Such factors impacting forward-looking information include, among others: the ability to enter into a binding subscription agreement and completion of the Financing on the terms as announced or at all; risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

The MIL Network –

January 24, 2025
MIL-OSI: Keiretsu Forum’s Last Call for the 2024 Investor Capital Expo

Source: GlobeNewswire (MIL-OSI)

PHILADELPHIA, Oct. 22, 2024 (GLOBE NEWSWIRE) — The 12th Annual Investor Capital Expo, hosted by Keiretsu Forum Mid-Atlantic, South-East, and Texas, will take place on October 31, 2024, at Convene City View in Philadelphia. This signature event connects accredited investors, venture capitalists, and entrepreneurs for a day of networking, insights, and presentations from promising early-stage companies. Registration is still open, and this is the final opportunity to secure your spot.

Event Highlights:

Exclusive Presentations from Emerging Companies:

Attendees will have the opportunity to see 10-12 presentations from early-stage companies that are making significant strides in their industries and actively seeking funding. Each presenting company has undergone the comprehensive Keiretsu Due Diligence process, ensuring they are well-prepared and investment-ready.

Expert Panel on Early-Stage Investing:

The Expo will feature a distinguished panel of legal and investment experts who will address essential issues impacting early-stage investors in 2024. Discussions will include regulatory changes, strategic investment approaches, and tax considerations that can affect portfolio decisions. Attendees will gain practical insights to navigate the evolving investment landscape and make informed decisions.

Stephen M. Goodman Most Valued Company Award:

A highlight of the event will be the presentation of the prestigious Stephen M. Goodman Most Valued Company Award, sponsored by Morgan, Lewis & Bockius. This award honors the legacy of Steve Goodman, a trailblazer who supported innovation and growth in emerging businesses across the Mid-Atlantic region. Accredited investors attending the Expo, both in-person and online, will vote to select this year’s winner from a select group of Series A-B Round companies.

Vote Integrity Sponsored by Votegrity:

Again this year, Votegrity will manage the tabulation of votes from our investors, ensuring a secure and accurate selection process for the Stephen M. Goodman Most Valued Company Award.

Networking Opportunities:

The Expo will bring together over 200 accredited investors, providing a unique chance to connect directly with entrepreneurs from diverse sectors, including technology, life sciences, and finance. Investors can expand their networks, share insights, and discover new opportunities in a collaborative environment.

Don’t Miss Out – Register Today:

With limited time remaining, interested participants are encouraged to register now to take advantage of this opportunity to engage with industry leaders and explore vetted investment opportunities.

Register Here

About Keiretsu Forum Mid-Atlantic, South-East and Texas

Keiretsu Forum Mid-Atlantic, South-East, and Texas are part of a global network of angel investors dedicated to fostering collaboration, innovation, and funding opportunities for early-stage companies. Since its inception, the Investor Capital Expo has become a premier event for bringing together investors and entrepreneurs, facilitating essential connections, and supporting the growth of the startup ecosystem.

Media Contact:

Cindi Sutera
CindiS@AMSCommunications.net
610-613-2773

The MIL Network –

January 24, 2025
MIL-OSI Russia: Sobyanin: Sports complex to be built in Rostokino district

Translation. Region: Russian Federation –

Source: Moscow Government – Government of Moscow –

Plans have been approved for the construction of two social and public-business infrastructure facilities, which will create over 1,100 jobs. This was reported in on your telegram channel Sergei Sobyanin reported.

“Plans for the construction of two facilities in the north-east and west of Moscow have been approved: a sports complex on Selskokhozyaistvennaya Street in the Rostokino district and a multifunctional business center on Vereiskaya Street in the Mozhaisky district. They will be built at the expense of investors program to stimulate the creation of employment opportunitiesAs a result, the city will receive over 1.1 thousand new jobs,” the Mayor of Moscow wrote.

Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

The program to stimulate the creation of multi-apartment buildings was approved by the Moscow Government in 2019 (Resolution No. 1874-PP of December 31, 2019) to attract housing developers to actively build industrial, business, social, cultural and other important facilities for the city. Investors who simultaneously create jobs while constructing multi-apartment buildings receive a benefit on payments to change the type of permitted use of land for housing construction.

The implementation of the program stimulates balanced integrated development of new districts, reduces the shortage of jobs in neighborhoods with established planning, and also reduces excessive pendulum migration.

Over the four years of its implementation, the program to stimulate the creation of employment opportunities has covered almost all districts of the city. The Moscow government has concluded more than 130 agreements with investors, which provide for the construction of over six million square meters of commercial real estate – these are industrial enterprises, logistics complexes, office and retail facilities, as well as educational, cultural and sports institutions. In total, more than two trillion rubles will be attracted to the development of the city and the creation of employment opportunities. As a result, over 290 thousand jobs will appear in almost all sectors of the capital’s economy.

Developers can apply for special status at Moscow investment portal.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

https://vvv.mos.ru/major/themes/11932050/

MIL OSI Russia News –

January 24, 2025
MIL-OSI Asia-Pac: Task Group on New Medical School holds first meeting today (with photos)

Source: Hong Kong Government special administrative region

     The Secretary for Health, Professor Lo Chung-mau, and the Secretary for Education, Dr Choi Yuk-lin, cochaired the first meeting of the Task Group on New Medical School today (October 22) to discuss strategic directions and major parameters for the establishment of a third medical school in Hong Kong.

     At the meeting, members of the Task Group discussed the considerations for establishing a third medical school in Hong Kong, and concluded that the third medical school should adopt an innovative strategic positioning in pursuit of complementary development with the two existing medical schools. The Task Group recommended that the curriculum design of the new medical school should be accorded top priority in consideration, requiring the medical curriculum to meet the requirements as stipulated by the Medical Council of Hong Kong. Proper arrangements should also be made for medical students to undergo an adequate amount of clinical training, thus ensuring that the medical students are well equipped with both professional knowledge and clinical skills to safeguard the interest of patients. The new medical school should also set out a forward-looking long-term development plan for its campus and teaching facilities, as well as an interim arrangement for a campus and a teaching hospital if admission of students is essential before the long-term facilities are available, alongside strategies to ensure financial soundness.

     Professor Lo said, “The establishment of a third medical school is a significant project in the development of medical education in Hong Kong. Not only will it attract global talent and help nurture more outstanding doctors for further reinforcement of the city’s healthcare system in the sustainable provision of healthcare services with enhanced quality and quantity, but also serves to promote high-quality development in medical education and research, dovetailing with the city’s development as an international hub for medical training, research and innovation.”

     Dr Choi said, “The establishment of a new medical school will further elevate Hong Kong’s position as an international education hub. Taking this unique opportunity, the scope of local medical teaching and research will be expanded through an innovative curriculum design and diversified student recruitment arrangements, complementing our goals of nurturing future talent and promoting the development of the ‘Study in Hong Kong’ brand.”

     The first target of the Task Group is to extend an invitation of proposals within this year to local universities interested in setting up the new medical school. The Task Group will liaise with respective universities and assess the proposals, addressing issues on funding arrangements, course accreditation, sources of teaching staff and students, a teaching hospital and research etc. The Task Group will subsequently submit to the Chief Executive in Council recommendations on the establishment of the new medical school and related arrangements. Land will also be reserved in the Northern Metropolis Ngau Tam Mei for the construction of the new medical school campus and the associated integrated medical teaching and research hospital.

     The Chief Executive announced in the Policy Address last Wednesday (October 16) that the Government supports the plan, by local universities, to establish a third medical school. The Task Group on New Medical School was then established the next day (October 17) to take up the responsibilities of devising the direction and parameters for establishing the new medical school, exploring ways to nurture more local medical talent and enhance Hong Kong’s healthcare system, as well as promoting various measures for Hong Kong to become an international medical training, research and innovation hub. The Task Group comprises seasoned local, Mainland and overseas academics for medical teaching and university management, professionals, the Chairman of the Medical Council of Hong Kong, the President of the Hong Kong Academy of Medicine, as well as representatives from relevant government bureaux and departments.

MIL OSI Asia Pacific News –

January 24, 2025
MIL-OSI Russia: The capital’s courtyards were improved taking into account the wishes of city residents

Translation. Region: Russian Federation –

Source: Moscow Government – Government of Moscow –

The specialists of the city economy complex have improved about 1.7 thousand courtyards. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

“This year, 1.7 thousand courtyards were put in order, the asphalt covering of pedestrian paths and driveways was renewed, and parking lots were arranged. An important final stage of improvement is landscaping; lawns and flower beds were laid out during the work,” said Pyotr Biryukov.

All improvement projects were developed taking into account the suggestions and wishes of city residents. Thus, small architectural forms are changed or installed, and residents can take part in choosing their design.

“If there is the necessary space, it is possible to install swings and gazebos. We repair children’s and sports grounds, replace their surfaces and equipment. Particular attention is paid to the modernization of the lighting system – we install lanterns and street lamps with energy-saving lamps,” added Petr Biryukov.

At the request of residents and if the necessary conditions are available, a place for walking pets can be allocated in the courtyards.

More than 24 thousand capital courtyards have already been put in order in accordance with the developed standard. It implies equipping them with the necessary infrastructure for recreation and sports, high-quality lighting, and landscaping of territories.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

https://vvv.mos.ru/nevs/item/145616073/

MIL OSI Russia News –

January 24, 2025
MIL-OSI United Kingdom: Response to the commissioners’ report
Source: City of Birmingham

Published: Tuesday, 22nd October 2024

The city council leader has responded to the report from the commissioners.
Leader of Birmingham City Council Cllr John Cotton said:

“We welcome the publication of this report from the commissioners and acknowledge that while progress is being made, there is much more to do in our ongoing efforts to ensure we become a financially sustainable, well-run council that delivers good services.

“We continue to engage constructively with the new Government, and like councils across the country, are awaiting both this month’s budget settlement and a local government finance settlement later in the year which will set out a one-year emergency package of support for local councils.

“The Government is also committed to a multi-year settlement following next year’s spending review which will give councils much needed clarity and allow us to plan for the future.

“Nevertheless, we face another very difficult budget, and it remains clear that the pace of change must further increase, as further savings are identified, and we transform services. Our new Managing Director Joanne Roney is focussed on that challenge and there will be no let up as we work together to get the council back on track.”

NOTES

We have appointed a permanent Managing Director in Joanne Roney CBE, who is already providing pace, grip, and authority in driving the necessary changes, working with the senior officer team and Commissioners.

The Improvement and Recovery Plan was agreed in April 2024 and has set the overarching direction and actions to address the issues identified in the intervention. The first part of the plan has been implemented and further stages are now underway, including the development of a refreshed Corporate Plan which will outline what the council will seek to achieve over the next three years.

A whole council operating model is being developed so that the council can deliver good services, even whilst operating under the financial pressures that are a reality for local government.

Shaping Birmingham’s Future Together has seen us set a new direction for the council to involve citizens and partners in a much greater way.

The council’s corporate services have been reviewed, with a commitment to a new workforce strategy that will help deliver the staffing we need to deliver quality services for our residents. This includes a refreshed HR function to enable the effective recruitment and management of staff and improve our culture and achieve best value.

Financial management improvements continue, with the move to make a permanent appointment to lead the finance directorate. Work continues at pace to identify the savings and cuts that are needed to deliver a balanced budget.

A much-needed reimplementation programme is now underway for Oracle.

Progress is being made against the equal pay liability, including a revised a job evaluation scheme and settlement of the outstanding litigation with a target of April 2025 for completion.

A plan is underway to improve the procurement operating model with a focus on strategic contract management in order to achieve best value.

Within the housing directorate, progress has been made in response to the Regulator of Social Housing’s letter, reconfiguring the HRA budget to focus on improving the quality of the existing housing stock.

Within children’s services, the council has completed the review of spend control on children’s social care, and progress is being made on greater join up of services for families to make our services more effective.

A transformation programme is now in place to improve the waste service – which is the most public facing area of the council which has not been performing at the level our residents expect. By transforming staffing and management arrangements, and procuring a new fleet, we will see improvements in this service in the months ahead.
Useful links
MIL OSI United Kingdom –
January 24, 2025
MIL-OSI United Kingdom: Jimmy Doherty is named Visiting Professor at ARU

Source: Anglia Ruskin University

Published: 22 October 2024 at 13:16

The farmer and conservationist will help support the next generation of scientists

Farmer, conservationist and TV presenter Jimmy Doherty has taken on an important new role as Visiting Professor at Anglia Ruskin University (ARU).

The announcement was made today [22 October] on the first day of the Chelmsford Science Festival, organised by ARU, which runs until Tuesday, 29 October.

Jimmy is the much-loved presenter of programmes including Jimmy’s Farm, Jimmy and the Wild Honey Hunters, Jimmy Doherty in Darwin’s Garden, Jimmy’s Global Harvest, Museum of Life, Jimmy and the Whale Whisperer, Jimmy’s Big Bee Rescue and most recently Jimmy and Shivi’s Farmhouse Breakfast. Alongside his wife, he runs the popular Jimmy’s Farm & Wildlife Park near Ipswich, which he has farmed since 2002.

Jimmy studied animal biology and entomology at university, and part of his role within ARU’s new Writtle School of Agriculture, Animal and Environmental Sciences will see him help to inspire the next generation of farmers and scientists.

In conjunction with Jimmy’s Farm & Wildlife Park, ARU will run joint education and research projects, which includes plans for a new PhD studentship in conservation.

ARU is home to approximately 40,000 students across a range of courses and campuses. After ARU merged with Writtle University College in February of this year, the 370-acre campus on the outskirts of Chelmsford became ARU Writtle.

With an impressive reputation for animal, agriculture and horticulture courses, ARU Writtle features a campus farm that’s home to sheep, pigs and cattle, an Equine Training and Development Centre featuring stables and riding arenas, and a state-of-the-art Canine Centre including hydrotherapy clinics. In total, there are around 200 different species at ARU Writtle, including reptiles, birds and small mammals.

Jimmy said:

“I’ve had the incredible honour of being Chancellor of Writtle University College, and I’m thrilled that my connection with Writtle is continuing following the merger with Anglia Ruskin University.

“To be involved with Anglia Ruskin University is a real privilege. There are so many strong connections between the work that I do and the fantastic research and teaching taking place at ARU Writtle, so I can’t wait to get started in my new role of Visiting Professor, helping to inspire the next generation of scientists, farmers and conservationists.

“Science is obviously really important in young people’s education, but it’s vital to this region’s economy, bringing in billions of pounds in sectors like medicine, veterinary medicine, agriculture. And also looking into the future of dealing with this climate crisis, it’s going to be the scientists that come up with the solutions.

“It’s also exciting to be taking up this role at ARU at the start of the Chelmsford Science Festival, as the theme of this year’s festival – planetary health – aligns so closely to my own values of protecting the environment to allow everything to thrive.”

Professor Laurie Butler, Pro Vice Chancellor and Dean of the Faculty of Science & Engineering at ARU, said:

“We are immensely proud to be welcoming Jimmy Doherty to his new role within the university.

“Science and innovation have inspired Jimmy throughout his career journey, and we know that his knowledge, expertise and personal experiences will help to support and influence students across disciplines including the life sciences, animal behaviour, agriculture and conservation.”

MIL OSI United Kingdom –

January 24, 2025
MIL-OSI United Kingdom: UU and Council look forward to wicked Derry Halloween programme

Source: Northern Ireland – City of Derry

UU and Council look forward to wicked Derry Halloween programme

22 October 2024

Ulster University is joining forces with Derry City and Strabane District Council with support announced today for the Derry Halloween programme.

As part of its wider community and regional engagement campaign launching in September, the university is currently exploring new ways of promoting the region and all it has to offer. Working in partnership with Council and other stakeholders, Ulster University is focused on enhancing the rich cultural offering of Derry and the wider North West, and building on its profile as an attractive place to study, work and visit.

Derry Halloween over the years has developed into a major international showcase for the city, drawing tens of thousands of visitors each year. It’s just one of a number of Council led festivals supported this year by Ulster University, and it’s hoped the partnership will continue as part of the drive to create and develop exciting cultural experiences for all to enjoy.

Council and the university already work closely as strategic partners on a range of significant projects, and this is just the latest collaboration to benefit both citizens and students at the Derry~Londonderry Campus.

Looking ahead to Halloween, Festival and Events Manager with Council, Jacqueline Whoriskey, said: “Council already has a strong collaborative partnership with Ulster University in terms of our work on the City Deal projects and our shared ambitions for the growth and development of the university and the economic and social benefits that will bring.

“Derry Halloween is the perfect example of what can be achieved in terms of delivering international scale events, and the great potential to develop further experiences to benefit the local economy, if we have the right support. Partnership working is key to realising that potential, so I really welcome the ongoing support from Ulster University, and our other cultural partners.”

Ulster University plays a key role in the rich culture of Derry and is a hub for the thriving creative and technology industries and a nucleus for drama, music and cinematic arts. Through the organising and hosting of local, national and international events and conferences the Derry~Londonderry campus brings visitors, students and staff to the North West creating a halo effect for local tourism.

Professor Malachy O’Neill, Director of Regional Engagement, Ulster University, said: “At Ulster University, our mission is to be a driving force for positive change in the North West region. We are connected to the community, fostering a rich cultural landscape, and creating lasting impact. Our partnerships with local stakeholders such as Derry City & Strabane District Council are pivotal in transforming the city in a vibrant hub of culture and innovation. We are proud to support the flagship events that regionally define the city as a festival destination and following the huge success of City of Derry Jazz and Big Band Festival and Foyle Maritime Festival we look forward to a spell-binding programme of events at Halloween.”

Derry Halloween is delivered by Derry City and Strabane District Council and funded by Tourism Northern Ireland and The Executive Office, with support from Ulster University and Air Coach.

Follow all the latest news at derryhalloween.com or keep up to date with the Derry Halloween Facebook page.

MIL OSI United Kingdom –

January 24, 2025
MIL-OSI: Sky Quarry to Present at The ThinkEquity Conference on Wednesday, October 30, 2024

Source: GlobeNewswire (MIL-OSI)

WOODS CROSS, Utah, Oct. 22, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or the “Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, will attend The ThinkEquity Conference being held at the Mandarin Oriental Hotel in New York City on October 30, 2024.

Sky Quarry Founder and Chief Executive Officer David Sealock will conduct in-person one-on-one meetings during the conference to discuss the Company’s recent successful Nasdaq listing and its ECOSolv technology that has the ability to recover both material and oil from the millions of tons of waste asphalt shingles that are dumped into landfills each year. Mr. Sealock will also be hosting a presentation during the event.

The ThinkEquity Conference
Date: October 30, 2024
Location: Mandarin Oriental Hotel, New York City
Presentation Time: Wednesday, October 30, 2024, at 12:30 pm ET/9:30 am PT in the Boardroom
Speaker: Founder and CEO David Sealock
Format: In-person 1×1’s and Presentations
Conference Website: Click here

For more information on the ThinkEquity Conference or to schedule a one-on-one meeting with Sky Quarry management, please contact your conference representative or you may also email your request to SKYQ@mzgroup.us or call Chris Tyson at (949) 491-8235.

For more information about Sky Quarry, please visit skyquarry.com.

About Sky Quarry Inc.

Sky Quarry Inc. (NASDAQ: SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

Forward-Looking Statements

This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

Investor Relations
Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
SKYQ@mzgroup.us
http://www.mzgroup.us

Company Website

https://investor.skyquarry.com/

The MIL Network –

January 24, 2025
MIL-OSI: Turbo Energy Teams with Connection Holdings to Introduce All-in-One, AI-Optimized SUNBOX Home Energy Storage System to U.S. Market
Source: GlobeNewswire (MIL-OSI)

VALENCIA, Spain, Oct. 22, 2024 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that the Company has partnered with Florida-based Connection Holdings, LLC (“CH”), the managing entity of brands operating in the performance marketing and lead generation sectors with focus on a broad range of industries, including the U.S. solar energy market.

Pursuant to the strategic advisory agreement entered into on October 18, 2024, CH will employ its organization’s award-winning market penetration capabilities and leverage its extensive nationwide network of leading U.S. solar installation companies to assist Turbo Energy in introducing and winning U.S. market share for the Company’s proprietary, all-in-one, Artificial Intelligence (“AI”)-optimized SUNBOX solar energy storage system designed specifically for residential application (“SUNBOX Home”).

Turbo Energy Partners with Connection Holdings to Introduce SUNBOX Home to U.S. Market

Mariano Soria, the Chief Executive Officer of Turbo Energy, stated, “With virtually thousands of SUNBOX Home installations spanning nine countries throughout Europe, we have been actively engaged over the past several months in progressing through extensive U.S. testing and certification processes to affirm that SUNBOX Home meets and exceeds American public and product safety standards for energy storage systems and equipment. We are very excited to be partnering with Connection Holdings to take the next pivotal step in our global expansion plan, introducing SUNBOX Home to the U.S. market in hopes that we will achieve meaningful market awareness and rapid adoption of what we believe is the industry’s most price-competitive, smart, all-in-one solar energy storage solution on the market today.”

“We are very proud to have been chosen by Turbo Energy to lead the market launch of SUNBOX Home in the U.S.,” noted Edmond Pain, Managing Principal and Co-Founder of CH. “Considering that SUNBOX Home features scalable energy storage capacity that is up to four times greater than other leading residential energy storage systems available in the U.S., coupled with the fact that all components – inverter, batteries and AI-optimized software — are fully integrated in an innovative, all-in-one, elegantly designed system, we expect that market demand will be strong and immediate and grow exponentially in the coming years as sustainable solar energy storage solutions become a must-have for homeowners nationwide.”

According to the Q3 2024 industry research report released by the Solar Energy Industries Association and Wood Mackenzie, homeowners and businesses are increasingly demanding solar systems that are paired with battery storage. California’s shift in net metering policy and state incentives for solar-plus-storage in other markets have driven attachment rates up in recent quarters. The report further states that by 2028, 28% of all new distributed solar capacity will be paired with storage, compared to under 12% in 2023.

SUNBOX Home is a complete intelligent solar energy storage system powered by Turbo Energy’s patented AI algorithms and processes that allow homeowners to fully optimize the energy efficiency of their solar power panel installations. Moreover, the cloud-based Turbo Energy mobile app gives SUNBOX Home users total control over the storage system, including determining best times of day when to use the surplus energy stored, as well as providing complete real-time visibility into battery status, energy production, actual power usage and monthly cost savings. In addition, the app provides data-driven insight into weather and electricity price forecasts, among other vital metrics.

Turbo Energy’s U.S. market launch will be led by a multi-month beta test, whereby Connection Holdings will coordinate the deployment of several SUNBOX Home system installations in residences located in key, high growth markets across the nation. Following the conclusion of the beta test and analysis of collected data and feedback from installers and homeowners, Connection Holdings is tasked with implementing a national marketing campaign designed to ramp sales of SUNBOX Home and help to define and refine, as necessary, the U.S.-based infrastructure needed to support anticipated market demand in the months and years to come.

About Connection Holdings, LLC

Connection Holdings has built and consolidated a portfolio of U.S. companies which are trusted to provide award-winning performance marketing and comprehensive data analytic services to the nation’s leading solar, roofing, home improvement, consumer financial and health insurance companies. Its brands, which have collectively generated nearly $500 million in sales for its valued customers, include Solar Direct Marketing, Connecting the Dots, Home Direct Marketing, Senior Direct Marketing, Encompass Leads, Debt Direct Marketing, Vested Exchange and Blockhub. In 2021, 2022 and 2023, Solar Direct Marketing earned distinction as one of Inc. Magazine’s fastest growing, privately held companies in the country. Connecting the Dots was also named to Inc.’s top 500 fastest growing companies in 2022; and in 2023 and 2024 was nominated as the premiere Data Provider of the Year at the prestigious Affy Awards. For more information, please visit http://www.connectionholdings.com.

About Turbo Energy, S.A.

Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and South America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management. Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies.

For more information, please visit http://www.turbo-e.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

For more information, please contact:

At Turbo Energy, S.A.
Dodi Handy, Director of Communications
Phone: 407-960-4636
Email: dodihandy@turbo-e.com

At Connection Holdings, LLC
David Stodolak, Chief Executive Officer
Phone: 919-802-1555
Email: david@solardirectmarketing.com

Attachment
- Turbo Energy Partners with Connection Holdings to Introduce SUNBOX Home to U.S. Market
The MIL Network –
January 24, 2025
MIL-OSI: NextNav Announces Date for Third Quarter 2024 Earnings Call

Source: GlobeNewswire (MIL-OSI)

RESTON, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market closes on Wednesday November 13, 2024, and will host a conference call the same day at 5:00 PM ET to discuss its results.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I6293675922. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

A replay of the call can also be accessed via phone through November 20, 2024, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 62936.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.

Source: NN-FIN

Contact:
Erica Bartsch
Sloane & Company
ebartsch@sloanepr.com

The MIL Network –

January 24, 2025
MIL-OSI: Open Lending to Announce Third Quarter 2024 Results on November 7, 2024

Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) — Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss third quarter 2024 financial results on Thursday, November 7, 2024, at 5:00pm ET. A press release with third quarter 2024 financial results will be issued after the market closes that same day.

The conference call will be webcast live from the Company’s investor relations website at https://investors.openlending.com/ under the “Events” section. The conference call can also be accessed live over the phone by dialing (800) 343-5172, or for international callers (785) 424-1699; the conference ID is LENDING. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.

About Open Lending

Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit http://www.openlending.com.

Contact information:

Investor Relations Inquiries:
InvestorRelations@openlending.com

Source: Open Lending Corporation

The MIL Network –

January 24, 2025

MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Konark Urban Co-operative Bank Ltd., Ulhasnagar – Extension of period

Source: Reserve Bank of India

The Reserve Bank of India, vide directive No.CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024, had placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Directions from the close of business on April 23, 2024 for a period of six months.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till close of business on January 23, 2025 as per the directive DOR.MON/D-62/12.22.805/2024-25 dated October 17, 2024, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated October 17, 2024, notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Puneet Pancholy)
Chief General Manager

Press Release: 2024-2025/1354

MIL OSI Economics –

January 24, 2025

MIL-OSI: Siili Solutions Plc Financial calendar and annual general meeting 2025
Source: GlobeNewswire (MIL-OSI)

Siili Solutions Plc Financial calendar and annual general meeting 2025

Siili Solutions Plc Stock Exchange Release 22 October 2024 at 15:15 EEST

Siili Solutions Plc publishes its financial reports in 2025 as follows:
- Financial statement bulletin for 2024 on 13 February 2025
- Annual report 2024, including a sustainability report in accordance with CSRD, on week 11
- Business review for January-March 2025 on 22 April 2025
- Half-yearly report for January-June 2025 on 12 August 2025
- Business review for January-September 2025 on 21 October 2025
Financial statement bulletin 2024 and half-yearly report for 2025 will be published on or about 9:00 am. Business reviews will be published on the abovementioned days on or about 10:00 am at the latest.

The annual general meeting of Siili Solutions Plc is planned to be held on 8 April 2025 in Helsinki, Finland.

Distribution:
Nasdaq Helsinki Ltd
Main media
http://www.siili.com/en

For further information:
Taru Kovanen, General Counsel
Phone: +358 (0)40 4176221, email: taru.kovanen(at)siili.com

Siili Solutions in brief:
Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. http://www.siili.com/en

The MIL Network –
January 24, 2025
MIL-OSI: UP Fintech Announces Proposed Follow-on Public Offering of American Depositary Shares

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the public offering price, less underwriting discounts and commissions, exercisable within 20 days from the date of the prospectus supplement.

The Company expects to use the net proceeds from the proposed ADS offering for strengthening the Company’s capital base and furthering the Company’s business development initiatives.

Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and US Tiger Securities, Inc. will act as the joint bookrunners for the proposed ADS offering.

The proposed ADS offering will be made pursuant to an automatic shelf registration statement on Form F-3 filed with the United States Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at http://www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus related to the proposed ADS offering have been filed with the SEC and are available on the SEC’s website at http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; China International Capital Corporation Hong Kong Securities Limited 29/F, one International Finance Centre, 1 Harbour View Street, Central, Hong Kong; or, US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, NY 10022, United States of America.

This announcement shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

For more information on the Company, please visit: https://ir.itigerup.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 22, 2024. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

For investor and media inquiries please contact:

Investor Relations Contact
UP Fintech Holding Limited
Email: ir@itiger.com

The MIL Network –

January 24, 2025
MIL-OSI: Melissa’s Cloud-Based DataGen API Provides On-Demand Access to Comprehensive Address, Consumer, and Business Data

Source: GlobeNewswire (MIL-OSI)

RANCHO SANTA MARGARITA, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Complete, accurate data is key to building and maintaining a business, but comprehensive customer and prospect data is imperative to gaining and holding a competitive edge. To help companies achieve this, Melissa has launched its Restful Service DataGen API, the most flexible, third-party data resource available for on-demand address, resident, consumer, property, and business data. When integrated with in-house data, this rich resource can considerably improve business analytics and deepen insights.

“DataGen addresses the data inaccuracies that can plague an organization, challenging its ability to make timely and accurate decisions,” said Daniel Kha Le, Chief Data Officer, Melissa. “It’s a robust Restful Service API, providing seamless, real-time access to comprehensive demographic, firmographic, location intelligence, and property information that can be used to maximize the value of a company’s existing customer data.”

Integrated as a single API, DataGen offers address details from 240+ countries and territories. Companies can quickly develop consumer profiles featuring a range of demographic attributes, including residential information such as length of residence, age ranges, new homeownership, or new movers. In-depth property details include data such as absentee ownership, mortgage data, and foreclosures. Similar data is available on businesses and business contacts.

DataGen provides users with counts, sample records, and comprehensive datasets. Once a user sets their preferred parameters, they can stream and access a list of contacts, addresses, businesses, or other data in real time. Users are in control of data received, using filters such as city and state, ZIP codes, polygons, or neighborhoods. Once record counts are established, users can further filter without having to pay for data that is not needed. Sample data is returned so results can be previewed; once purchased, data is streamed as a paginated result in JSON format.

Click here to access an on-demand webinar demonstrating how Melissa’s Restful Service DataGen API provides access to high-quality third-party data useful for advanced data modeling, target marketing, and customer personalization using SQL Server or other RDBMS technologies. Click here for more information or to request a license key to access DataGen, or contact sales@melissa.com.

About Melissa
Since 1985, Melissa has specialized in global intelligence solutions to help organizations unlock accurate data for a more compelling customer view. More than 10,000 clients worldwide in arenas such as retail, education, healthcare, insurance, finance, and government rely on Melissa for full spectrum data quality and ID verification software, including data matching, validation, and enhancement services to gain critical insight and drive meaningful customer relationships. For more information or free product trials, visit http://www.Melissa.com or call 1-800-MELISSA (635-4772).

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

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

The MIL Network –

January 24, 2025
MIL-OSI: CrewAI Launches Multi-Agentic Platform to Deliver on the Promise of Generative AI for Enterprise
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO and SÃO PAULO, Oct. 22, 2024 (GLOBE NEWSWIRE) — CrewAI, a leading multi-agent platform, today announced $18 million in total funding that included an inception round led by boldstart ventures and a Series A led by global software investor Insight Partners. Additional investors include Blitzscaling Ventures, Craft Ventures, Earl Grey Capital, and several top angels in AI including Andrew Ng, a globally recognized voice in AI, and Dharmesh Shah, co-founder and CTO of HubSpot.

CrewAI’s open-source offering executes 10 million+ agents per month and is already used by nearly half of the Fortune 500. Building on the success of its open-source framework and in response to user demand, the company also launched CrewAI Enterprise, making it easier than ever for large organizations to quickly build, monitor, and iterate on complex AI agents with high-quality results. The company signed its first 150 beta enterprise customers in less than six months.

More than 65% of companies are now using generative AI but almost all of them still express significant concerns about results accuracy and data security. These challenges are holding back the full potential of large language models (LLMs) for the enterprise. This is especially true for the automation of complex tasks in areas like marketing, accounting, and finance. Companies have not been able to use robotic process automation (RPA) for these use cases due to its rigid, deterministic approach, high implementation costs, brittleness, and inability to self-heal.

Developers in more than 150 countries are now using CrewAI to automate work processes and build AI-agent native features and applications. CrewAI is helping companies realize the enormous potential of LLMs by enabling AI agents to perform complex tasks that leverage LLMs in simple and complex workflows. CrewAI offers a range of advanced new features including self-iteration, performance evaluation, persistent memory, and a wide range of new agent collaboration structures.

Enterprises are moving fast to adopt agents that deliver results
The AI agent market is projected to grow explosively from $5 billion this year to nearly $50 billion by 2030. According to a recent Capgemini survey, 10% of large enterprise organizations already use AI agents, more than half plan to use them in the next year, and 82% will integrate them within the next three years.

“Agents are the key to unlocking AI’s potential and will completely redesign the way companies deliver products. RPA and LLMs alone can’t get you there. Savvy organizations around the world are already deploying multi-agentic applications to help run an entire business while moving fast,” said João Moura, founder and CEO of CrewAI. “We are seeing impact firsthand; in less than one year of launching CrewAI, we signed our first 150 beta enterprise customers. We are seeing 100,000 groups of multi-agent executions per day across hundreds of different use cases. We have made it easy for teams to build groups of AI agents to perform tasks using any LLM, integrate with more than a thousand different applications, and to do so in a way that protects their data privacy.”

CrewAI Enterprise for deploying fast complex AI workloads that drive business value
After a successful private beta, CrewAI is now launching its Enterprise Cloud offering, a universal platform that allows organizations to enable their teams to build crews of AI agents using any LLM or cloud platform – tailored to their unique, complex workloads – to achieve high-quality results. Built on top of CrewAI’s popular open-source framework, CrewAI Enterprise enables fast iterations by also offering templates, access to extensive VIP support, and built-in security. CrewAI Enterprise enables organizations to:
- Plan & Build: Use either CrewAI’s framework or Crew Studio to easily build even the most complex multi-agents systems.
- Deploy & Monitor: Bring these multi-agents automations into a production environment in a secure way with proper levels of access and control.
- Assess & Iterate: Track ROI by using testing and training tools to constantly improve the efficiency and results quality – ensuring a fast track to value.
The new CrewAI Enterprise platform enables teams of all sizes to build, deploy, and iterate multi-agent “crews.” These AI agent crews can be used to automate work processes and power new AI-agent native features and applications. During the beta, CrewAI saw companies build crews for hundreds of different use cases.

For a deeper dive into how agents are working in the enterprise, join CrewAI for AI Agents Week at https://week.crewai.com/.

Supporting Quotes
“The widespread adoption of LLMs in the enterprise is creating an enormous opportunity for new revenue streams and cost reduction. The catalyst for this will be AI multi-agent platforms. CrewAI is one of the early leaders in this exciting space and Insight Partners is thrilled to be an investor. Joao has a big vision for what CrewAI can do and we are enjoying helping him and the team achieve that vision.”
Praveen Akkiraju, managing director at Insight Partners

“CrewAI makes it easy and fast to develop both simple and complex multi-agent AI workflows. Its powerful orchestration features for enterprises—including memory and self-healing—help businesses go well beyond traditional automation. As a CrewAI user myself, I’m thrilled to be able to support João’s vision with an investment!”
Andrew Ng, co-founder of Coursera and Stanford professor

Supporting Resources

About CrewAI
CrewAI is the leading AI multi-agent platform. Built to fully leverage LLM’s reasoning capabilities and allow agents to work together, CrewAI’s open-source framework and enterprise platform powers more than 10 million agents monthly and 150 customers. With CrewAI, organizations can easily deploy and manage AI agents to automate complex tasks with a fast speed to value across a wide range of use cases, from research and analysis to coding and reporting. For more information, visit https://www.crewai.com/.

The MIL Network –
January 24, 2025

MIL-OSI: Abacus Life Provides Preliminary Third Quarter 2024 Results

Source: GlobeNewswire (MIL-OSI)

– Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year –

– Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million –

– Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year –

– Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 –

ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024.

Preliminary Financial Results – Third Quarter 2024

Based upon management’s current expectations, the Company anticipates Total Revenue, Net Income, and Adjusted EBITDA, for the third quarter as follows:

	3Q24
Total Revenue	Between $26.0 and $28.0 million
GAAP Net Income / (Loss)	Between ($6.0) and ($6.75) million
Adjusted EBITDA	Between $14.0 and $16.0 million

“We are pleased to report another strong performance across our business, continuing to underscore the clear differentiation of our business model,” said Jay Jackson, Chief Executive Officer of Abacus. “During the quarter, we announced key acquisitions of Carlisle Management Company SCA and FCF Advisors. We are excited to welcome them to the Abacus family. In addition, we further strengthened our management team, welcoming Corey McLaren as Managing Director of Capital Markets and Robert F. Phillips as our new Senior Vice President of Investor Relations and Corporate Affairs. We also partnered with Lorisco to launch PREADISAN™, a revolutionary health prediction and actuarial technology tool, which is enabling us to offer unprecedented personalization in longevity forecasting, as well as highly tailored financial solutions for our clients. We remain committed to executing on our long-term growth initiatives and delivering value to our shareholders.”

Earnings Release and Conference Call

As previously noted, Abacus Life, Inc. will release its third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Management will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on November 7, 2024. A live webcast of the conference call will be available on Abacus’ investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (800) 267-6316 (toll-free) or (203) 518-9783 (international). Please dial the number 10 minutes prior to the scheduled start time.

Preliminary Information

The unaudited financial and operational information presented in this press release is preliminary and may change. Abacus’ financial closing procedures with respect to the estimated financial information provided in this press release are not yet complete, and as a result, the Company’s final results may vary materially from the preliminary results included in this press release. Abacus undertakes no obligation to update or supplement the information provided in this press release until the Company releases its financial statements for the three months ended September 30, 2024. The preliminary financial information included in this press release reflects the Company’s current estimates based on information available as of the date of this press release and has been prepared by Company management. This preliminary financial and operational information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of financial closing procedures, final adjustments, and other developments.

Non-GAAP Financial Information

Adjusted EBITDA, a non-GAAP measure, is defined as net income (loss) attributable to Abacus adjusted for depreciation expense, amortization, interest expense, income tax and other non-cash and certain non-recurring items that in our judgement significantly impact the period-over-period assessment of performance and operating results that do not directly relate to business performance within Abacus’ control. A reconciliation of Adjusted EBITDA to Net income attributable to Abacus Life, the most directly comparable GAAP measure, appears below.

Forward-Looking Statements

All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ‎‎”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the ‎fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus’s insurance policies; the ‎geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the ‎impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of ‎Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.

These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with ‎the U.S. Securities and Exchange Commission from time to time, including the Annual ‎Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. 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. Abacus cautions you not to place undue reliance on the ‎forward-looking statements contained in this press release. 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 Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.

About Abacus

Abacus is a leading global alternative asset manager and market maker, specializing in use of advanced longevity and actuarial technology to purchase life insurance policies from consumers seeking liquidity while creating a high-returning asset class of insurance products, uncorrelated to market fluctuations, for institutional investors.

With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products traded on the Nasdaq exchange.

Abacus has invested in two new verticals: ABL Wealth, which provides longevity-based wealth management services and investment offerings, and ABL Tech, which offers ground-breaking technology services for pension funds, governments, insurance companies, retirement associations and more that provides advanced real-time data tracking and analysis. With each new channel, we are revolutionizing the future of life insurance.

http://www.Abacuslife.com

Contacts:

Investor Relations

Robert Phillips – SVP Investor Relations
rob@abacuslife.com
(321) 290-1198

David Jackson – IR/Capital Markets Associate
djackson@abacuslife.com
(321) 299-0716

Abacus Life Public Relations
press@abacuslife.com

ABACUS LIFE, INC. Adjusted EBITDA


	Three Months Ended						Three Months Ended
	September 30, 2024						September 30, 2023

	Low			High			Actual
GAAP Net income / (Loss) attributable to Abacus Life, Inc.	$	(6,750,000	)	$	(6,000,000	)	$	1,050,972

GAAP Net income / (Loss)		(6,750,000	)		(6,000,000	)		1,050,972
Depreciation and amortization expense		1,675,000			1,750,000			1,694,853
Income tax (benefit)		(550,000	)		(400,000	)		1,710,315
Stock-compensation		6,300,000			6,500,000			4,583,632
Due Diligence related to acquisitions		1,725,000			2,000,000			–
Other (expense)		–			25,000			(20,087	)
Interest expense		3,900,000			4,125,000			2,679,237
Interest income		(600,000	)		(650,000	)		(63,826	)
(Gain) Loss on change in fair value of debt		–			150,000			(2,088,797	)
Change in fair value of warrant liability		8,750,000			8,900,000			943,400
Realized & Unrealized (gain) on investments		(450,000	)		(400,000	)		306,800
Adjusted EBITDA	$	14,000,000		$	16,000,000		$	10,796,499

The MIL Network –

January 24, 2025

MIL-OSI: Nukkleus Announces Reverse Stock Split Shares Will Begin Trading on a Split-Adjusted Basis on October 24, 2024

Source: GlobeNewswire (MIL-OSI)

Jersey City, New Jersey, Oct. 22, 2024 (GLOBE NEWSWIRE) — Nukkleus, Inc. (NASDAQ: NUKK), a FinTech and financial services company, today announced that it will effect a 1-for-8 reverse split of the issued shares of its common stock, effective at 12:01 a.m. Eastern Time on October 24, 2024. The Company’s common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Thursday, October 24, 2024. Following the reverse stock split, the Company’s common stock will continue to trade on The Nasdaq Global Market under the symbol “NUKK” with the new CUSIP number 67054R203.

Nukkleus is implementing the reverse stock split with the objective of regaining compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Company has until November 4, 2024 to demonstrate compliance with this requirement. To demonstrate compliance, the closing bid price of Nukkleus’ common stock must be at least $1.00 per share for a minimum of ten consecutive business days. The Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the reverse stock split.

As a result of the reverse stock split, every eight (8) shares of the Company’s common stock issued and outstanding or held by the Company in treasury stock will automatically be combined and reclassified into one share of common stock. No fractional shares will be issued as a result of the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share will receive an additional fraction of a share of common stock to round up to the next whole share. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage ownership interest or any stockholder’s proportionate voting power, except for immaterial adjustments that may result from the treatment of fractional shares. There will be no change in the number of authorized shares of common stock or the par value per share of the common stock as a result of the reverse stock split. Separately, at the annual meeting held on October 11, 2024, the Company’s shareholders voted to increase the authorized shares of common stock from 40 million to 150 million.

The reverse stock split will reduce the number of issued and outstanding shares of the Company’s common stock from approximately 16.9 million shares to approximately 2.1 million shares.

The number of shares available for issuance under the Company’s equity incentive plans and the number of shares issuable pursuant to each outstanding equity award immediately prior to the reverse stock split will be reduced proportionately at the same ratio as the reverse stock split, and the exercise price for each outstanding stock option will be increased in inverse proportion to the reverse stock split ratio.

The combination of, and reduction in, the issued shares of common stock as a result of the reverse stock split will occur automatically at the effective time of the reverse stock split without any additional action on the part of the Company’s stockholders. The Company’s transfer agent, Continental Stock Transfer & Trust Company (“Continental”), is acting as the exchange agent for the reverse stock split and will provide instructions to stockholders of record holding shares in certificated form regarding the process for exchanging their stock certificates. In addition, Continental will send stockholders of record holding their shares electronically in book-entry form a transaction statement indicating the number of shares of common stock such stockholders hold after the reverse stock split. Stockholders who hold their shares through a broker, bank, or other nominee will have their positions adjusted to reflect the reverse stock split, subject to their broker, bank, or other nominee’s particular processes, and will not be required to take any action in connection with the reverse stock split.

Additional information regarding the reverse stock split can be found in the Company’s definitive proxy statement for the special meeting of stockholders of the Company held on October 11, 2024, which was filed with the U.S. Securities and Exchange Commission on September 30, 2024, a copy of which is available at http://www.sec.gov and on the Company’s website.

About Nukkleus, Inc.

Nukkleus, Inc. (NASDAQ: NUKK) is a FinTech company. For more information, please visit https://www.nukk.com.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts are “forward-looking statements” within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as “will,” “would,” “expect,” “intend,” “plan,” “objective,” or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Forward-looking statements in this press release include, without limitation, statements about the results, timing and completion of the reverse stock split and the potential effect of the reverse stock split on the Company’s ability to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management’s current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control. These risk factors include, without limitation, the risk that the Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation may not be timely submitted to or processed for filing by the Secretary of State of the State of Delaware, the risk that The Nasdaq Stock Market LLC may not process the reverse stock split on the expected timeline, the potential for Nasdaq to halt trading in the Company’s common stock, and the risk that after the reverse stock split the closing bid price of the Company’s common stock is not at least $1.00 per share for a minimum of ten consecutive business days. These and other risk factors described under “Risk Factors” in Nukkleus’ most recently filed annual report on Form 10-K, as updated from time to time in Fluent’s quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law.

Contact Information:

Investor Relations
Nukkleus, Inc.
m@nukk.com

The MIL Network –

January 24, 2025
MIL-OSI: ManTech Earns FinOps Foundation’s FinOps Service Provider Certification

Source: GlobeNewswire (MIL-OSI)

HERNDON, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) — ManTech, a premier provider of AI and mission-focused technology solutions, is now a FinOps Foundation FinOps Certified Service Provider. FinOps, a combination of “Finance” and “DevOps,” is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making, and creates financial accountability through collaboration between engineering, finance, and business teams.

“This certification milestone underscores our commitment to helping public sector clients align their cloud spend with mission outcomes,” said Stephen Deitz, President of ManTech’s Federal Civilian Sector. “We are proud to put the global seal of approval on our capabilities as a FinOps Certified Service Provider.”

By obtaining this certification, ManTech has demonstrated its professional services are aligned to the FinOps Framework. Through a team of highly-talented FinOps practitioners, engineers, analysts and professionals, ManTech enables its clients to build their FinOps Capabilities and adopt FinOps best practices to maximize the value of cloud services. These skilled specialists possess a deep understanding of FinOps, its domain areas and its application to enhance cloud operations proficiently, economically and at speed.

This signature achievement follows ManTech joining the FinOps Foundation as a Premier Member with Mr. Deitz serving on the FinOps Foundation’s Governing Board.

About ManTech
ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 55 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at http://www.mantech.com.

Media Contact:
Jim Crawford
ManTech
Executive Director, External Communications
(M) 703-498-7315
James.Crawford2@ManTech.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/830329b9-44c6-4379-a8d9-74f68540fc7c

The MIL Network –

January 24, 2025
MIL-OSI: Dominion Lending Centres Inc. Announces Third Quarter 2024 Earnings Release Date

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it will release its third quarter financial results for the three and nine months ended September 30, 2024, on November 5, 2024, after the market close.

About Dominion Lending Centres Inc.

Dominion Lending Centres Inc. is Canada’s leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.

DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at http://www.dlcg.ca.

Contact information for the Corporation is as follows:

Eddy Cocciollo
President
647-403-7320
eddy@dlc.ca James Bell
EVP, Corporate and Chief Legal Officer
403-560-0821
jbell@dlcg.ca

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

The MIL Network –

January 24, 2025

MIL-OSI: Auburn National Bancorporation, Inc. Reports Third Quarter Net Earnings

Source: GlobeNewswire (MIL-OSI)

Third Quarter 2024 Highlights:

Return on Assets (annualized) improved to 0.71%, compared to 0.58% in 3Q 2023

Net interest margin (tax-equivalent) of 3.05%, compared to 2.73% in 3Q 2023

Net interest income (tax-equivalent) was $6.8 million, an increase of 7% compared to 3Q 2023

Average loans were $571.7 million, an increase of 8% compared to 3Q 2023

Loan to deposit ratio increased to 62.7% at period end from 56.6% at September 30, 2023

Tangible common equity (“TCE”) to total assets improved to 8.52%, compared to 5.96% at September 30, 2023

AUBURN, Ala., Oct. 22, 2024 (GLOBE NEWSWIRE) — Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.7 million, or $0.50 per share, for the third quarter of 2024, compared to $1.7 million, or $0.50 per share, for the second quarter of 2024, and $1.5 million, or $0.43 per share, for the third quarter of 2023. Net earnings were $4.8 million, or $1.38 per share, for the first nine months of 2024, compared to $5.4 million, or $1.54 per share, for the first nine months of 2023.

“Our third quarter and year to date results benefited from the balance sheet repositioning we completed in the fourth quarter of 2023. This, combined with loan growth during 2024, have improved the Company’s net interest income and margin in the third quarter when compared to the same quarter last year,” said David A. Hedges, President and CEO. “Along with improvements in our balance sheet, we continue to look for opportunities to grow and increase our efficiency. After careful consideration of our customers and the close proximity to our other locations in Auburn, we are closing our Corner Village branch by year end, which should provide additional cost savings beginning in 2025,” continued Mr. Hedges.

Net interest income (tax-equivalent) was $6.8 million in the third quarter of 2024, compared to $6.7 million in the second quarter of 2024, and $6.4 million in the third quarter of 2023.

Net interest margin (tax-equivalent) was 3.05% in the third quarter of 2024, compared to 3.06% in the second quarter of 2024, and 2.73% in the third quarter of 2023. The increase compared to the third quarter of 2023 was primarily due to loan growth, a more favorable asset mix, and improvements in our yield on interest-earning assets, which outpaced increases in the cost of our interest-bearing deposits. Average loans for the third quarter of 2024 were $571.7 million, an increase of 8% from the third quarter of 2023.

Mr. Hedges continued, “Although we experienced solid loan growth compared to the same time last year, we had approximately $14.9 million in loan payoffs during the latest quarter related to one borrowing relationship. The proceeds from the loan payoffs allowed us to repay $15.0 million of high-cost non-core funding.”

Nonperforming assets were $0.8 million, or 0.08% of total assets, at September 30, 2024 and June 30, 2024, respectively, compared to $1.2 million, or 0.12% of total assets, at September 30, 2023.

The Company recorded a negative provision for credit losses of $0.1 million in both the third and second quarters of 2024, compared to a provision for credit losses of $0.1 million in the third quarter of 2023. In the most recent quarter, the payoff of one loan relationship contributed to the negative provision.

At September 30, 2024, the Company’s allowance for credit losses was $6.9 million, or 1.22% of total loans, compared to $7.1 million, or 1.24% of total loans, at June 30, 2024, and $6.8 million, or 1.24% of total loans, at September 30, 2023.

Noninterest income was $0.8 million for the third quarter of 2024, compared to $0.9 million for the second quarter of 2024, and $0.9 million in the third quarter of 2023.

Noninterest expense was $5.5 million for each of the third and second quarters of 2024, and $5.4 million the third quarter of 2023. The increase from the third quarter of 2023 was primarily related to an increase in salaries and benefits, partially offset by decreases in net occupancy and equipment expense and other noninterest expense.

Total assets were $990.1 million at September 30, 2024, compared to $1.0 billion at June 30, 2024 and September 30, 2023, respectively. Loans, net of unearned income were $565.7 million at September 30, 2024, compared to $578.1 million at June 30, 2024 and $545.6 million at September 30, 2023. The decrease in loans, compared to June 30, 2024, was primarily related to the payoff of the $14.9 million relationship in the latest quarter. The increase in loans since September 30, 2023 primarily reflects growth in the commercial real estate and construction and land development loan categories. Total deposits were $901.7 million at September 30, 2024, compared to $946.4 million at June 30, 2024, and $964.6 million at September 30, 2023. The decrease in deposits compared to June 30, 2024 was primarily related to an increase in reciprocal customer deposits sold through Intrafi’s one-way sell program and the repayment of $15.0 million in time deposits held by the State of Alabama. At September 30, 2024 the Company sold $37.8 million of reciprocal deposits, compared to none at June 30, 2024 and September 30, 2023.

At September 30, 2024, the Company’s consolidated stockholders’ equity (book value) was $84.3 million or $24.14 per share, compared to $75.2 million, or $21.53 per share, at June 30, 2024, and $61.5 million, or $17.59 per share, at September 30, 2023. The increase from June 30, 2024 was primarily driven by other comprehensive income of $8.3 million due to lower market interest rates that led to a decrease in unrealized losses on securities available-for-sale, net of tax, plus net earnings of $1.7 million. These increases in stockholders’ equity were partially offset by cash dividends paid of $0.9 million. Unrealized losses do not affect the Bank’s capital for regulatory capital purposes.

The Company’s tangible common equity (“TCE”) ratio or total equity to total assets ratio was 8.52% at September 30, 2024, compared to 7.34% at June 30, 2024, and 5.96% at September 30, 2023. The TCE ratio increased compared to June 30, 2024 primarily due to increases in the fair value of the Company’s available-for-sale securities and a smaller balance sheet. All of the Company’s marketable securities are classified as available-for-sale. Therefore, any changes in the fair value of the Company’s securities portfolio are reflected in total equity, net of tax, under generally accepted accounting principles.

The Company paid cash dividends of $0.27 per share in the third quarter of 2024. At September 30, 2024, the Bank’s regulatory capital ratios were well above the minimum amounts required to be “well capitalized” under current regulatory standards.

About Auburn National Bancorporation, Inc.

Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately $990.1 million. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank currently operates eight full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting http://www.auburnbank.com.

Cautionary Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, costs and revenues, the continuing effects of the COVID-19 pandemic and related government, Federal Reserve monetary and regulatory actions, including the remaining effects of pandemic-related economic stimulus and economic conditions generally and in our markets, loan demand, mortgage lending activity, changes in the mix of our earning assets (including those generating tax exempt income or tax credits) and our mix and cost of deposits and wholesale liabilities, net interest income and margin, yields on earning assets, the market values and performance of securities held, effects of inflation, including Federal Reserve monetary policies which were tightened in response to inflation beginning in 2022 through increases in the target federal funds rate and reductions in the Federal Reserve’s Treasury and mortgage-backed securities holdings, and more recent changes to increase reinvestment of maturing Treasury securities beginning in June 2024 and a mid-September 2024 reduction in the target federal funds rate by 50 basis points to 4.75-5.00%, interest rates (generally and those applicable to our assets and liabilities) and changes in our asset values, especially investment securities, as a result of monetary policies and interest rate changes, noninterest income, loan performance, loan deferrals and modifications, nonperforming assets, other real estate owned, provision for credit losses, including the continuing effects of the application of the new CECL accounting standard adopted on January 1, 2023 and our CECL models, including possible adjustments to the fair values of securities available for sale in lieu of other-than-temporary impairments, charge-offs, collateral values, credit quality, asset sales, insurance claims, and market trends, as well as statements with respect to our objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

Forward-looking statements, with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, achievements, or financial condition of the Company or the Bank to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2023 and otherwise in our other SEC reports and filings.

Explanation of Certain Unaudited Non-GAAP Financial Measures

This press release contains financial information determined by methods other than U.S. generally accepted accounting principles (“GAAP”). The attached financial highlights include certain designated net interest income amounts presented on a tax-equivalent basis, a non-GAAP financial measure, and the presentation and calculation of the efficiency ratio, a non-GAAP measure. Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes the presentation of net interest income on a tax-equivalent basis provides comparability of net interest income from both taxable and tax-exempt sources and facilitates comparability within the industry. Similarly, the efficiency ratio is a common measure that facilitates comparability with other financial institutions. Although the Company believes these non-GAAP financial measures enhance investors’ understanding of its business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. Along with the attached financial highlights, the Company provides reconciliations between the GAAP financial measures and these non-GAAP financial measures.

For additional information, contact:
David A. Hedges
President and CEO
(334) 821-9200

Financial Highlights (unaudited)


			Quarters Ended									Nine months ended
(Dollars in thousands, except per share amounts)				September 30, 2024		June 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
Results of Operations
Net interest income (a)			$	6,811		$	6,728		$	6,380		$	20,216		$	20,591
Less: tax-equivalent adjustment				21			19			108			60			322
	Net interest income (GAAP)			6,790			6,709			6,272			20,156			20,269
Noninterest income				846			896			865			2,629			2,448
	Total revenue			7,636			7,605			7,137			22,785			22,717
Provision for credit losses				(127	)		(123	)		105			84			(191	)
Noninterest expense				5,500			5,519			5,362			16,694			16,791
Income tax expense				531			475			182			1,170			737
Net earnings			$	1,732		$	1,734		$	1,488		$	4,837		$	5,380

Per share data:
Basic and diluted net earnings:			$	0.50		$	0.50		$	0.43		$	1.38		$	1.54
Cash dividends declared			$	0.27		$	0.27		$	0.27		$	0.81		$	0.81
Weighted average shares outstanding:
	Basic and diluted			3,493,699			3,493,699			3,496,411			3,493,687			3,499,518
Shares outstanding, at period end				3,493,699			3,493,699			3,493,614			3,493,699			3,493,614
Book value			$	24.14		$	21.53		$	17.59		$	24.14		$	17.59
Common stock price:
	High		$	24.35		$	19.25		$	22.80		$	24.35		$	24.50
	Low			17.50			16.63			20.85			16.63			18.80
	Period-end:			22.90			18.29			21.50			22.90			21.50
		To earnings ratio (c)		91.60	x		101.61	x		7.65	x		91.60	x		7.65
		To book value		95	%		85	%		122	%		95	%		122
Performance ratios:
Return on average equity (annualized)				9.10	%		9.63	%		8.59	%		8.59	%		10.15
Return on average assets (annualized)				0.71	%		0.71	%		0.58	%		0.66	%		0.70
Dividend payout ratio				54.00	%		54.00	%		62.79	%		58.70	%		52.60
Other financial data:
Net interest margin (a)				3.05	%		3.06	%		2.73	%		3.05	%		2.97
Effective income tax rate				23.46	%		21.50	%		10.90	%		19.48	%		12.05
Efficiency ratio (b)				71.83	%		72.39	%		74.01	%		73.08	%		72.88
Asset Quality:
Nonperforming assets:
	Nonperforming (nonaccrual) loans		$	775		$	794		$	1,213		$	775		$	1,213
		Total nonperforming assets	$	775		$	794		$	1,213		$	775		$	1,213

Net charge-offs (recoveries)			$	60		$	9		$	14		$	2		$	(127	)

Allowance for credit losses as a % of:
	Loans			1.22	%		1.24	%		1.24	%		1.22	%		1.24
	Nonperforming loans			887	%		899	%		559	%		887	%		559
Nonperforming assets as a % of:
	Loans and other real estate owned			0.14	%		0.14	%		0.22	%		0.14	%		0.22
	Total assets			0.08	%		0.08	%		0.12	%		0.08	%		0.12
Nonperforming loans
	as a % of total loans			0.14	%		0.14	%		0.22	%		0.14	%		0.22
Annualized net charge-offs (recoveries)
	as a % of average loans			0.04	%		0.01	%		0.01	%		—	%		(0.03	)
Selected average balances:
Securities			$	251,723		$	258,228		$	390,772		$	259,158		$	398,751
Loans, net of unearned income				571,651			573,443			529,382			568,628			514,635
Total assets				982,656			978,107			1,020,980			979,243			1,022,257
Total deposits				904,860			900,673			942,533			900,876			944,471
Total stockholders’ equity			$	76,113		$	72,059		$	69,269		$	75,044		$	70,659
Selected period end balances:
Securities			$	258,285		$	254,359		$	373,286		$	258,285		$	373,286
Loans, net of unearned income				565,699			578,068			545,610			565,699			545,610
Allowance for credit losses				6,876			7,142			6,778			6,876			6,778
Total assets				990,143			1,025,054			1,030,724			990,143			1,030,724
Total deposits				901,724			946,405			964,602			901,724			964,602
Total stockholders’ equity			$	84,336		$	75,209		$	61,451		$	84,336		$	61,451

(a) Tax equivalent. See “Explanation of Certain Unaudited Non-GAAP Financial Measures” and “Reconciliation of GAAP
	to non-GAAP Measures (unaudited).”
(b) Efficiency ratio is the result of noninterest expense divided by the sum of noninterest income and tax-equivalent
	net interest income. See “Reconciliation of GAAP to non-GAAP Measures (unaudited)” below.
(c) Calculated by dividing period end share price by earnings per share for the previous four quarters.

Reconciliation of GAAP to non-GAAP Measures (unaudited):


	Quarters Ended						Nine months ended
(Dollars in thousands, except per share amounts)		September 30, 2024		June 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Net interest income, as reported (GAAP)	$	6,790	$	6,709	$	6,272	$	20,156	$	20,269
Tax-equivalent adjustment		21		19		108		60		322
Net interest income (tax-equivalent)	$	6,811	$	6,728	$	6,380	$	20,216	$	20,591

The MIL Network –

January 24, 2025

Eddy Cocciollo President 647-403-7320 eddy@dlc.ca		James Bell EVP, Corporate and Chief Legal Officer 403-560-0821 jbell@dlcg.ca

Category: Economy

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