Category: Economy

MIL-OSI Global: No whistleblower is an island – why networks of allies are key to exposing corruption

Source: The Conversation – USA – By Kate Kenny, Professor of Business and Society, University of Galway

Facebook whistleblower Frances Haugen speaks at a conference in 2022. Kimberly White/Getty Images for SumOfUs

Whistleblowers – people who expose wrongdoing within their organizations – play a crucial role in holding governments and corporations accountable. But speaking up can come at a cost. People who report misconduct often face retaliation, job loss or legal threats, making whistleblowing risky and challenging. And when legal protections for whistleblowers are weakened, the risks only grow.

That’s exactly the situation many workers face today.

In the U.S., a Trump administration executive order threatens to effectively strip thousands of federal workers’ rights to whistleblower protection. The executive order is part of a larger effort to reclassify civil servants as “at-will” workers who can be sacked at any time for any reason. While federal workers have enjoyed protection against whistleblower reprisal for decades, those safeguards are now under threat. And this comes as private-sector whistleblowers have increasingly faced reprisal, too.

Yet while the risks are real, whistleblowing isn’t impossible. Indeed, after researching whistleblowing for over 10 years, I’ve observed that insiders who successfully sound the alarm often do so with help − by partnering with allies who can amplify their message and help shield them from retaliation.

Meet the ‘regulators of last resort’

My new book, “Regulators of Last Resort: Whistleblowers, the Limits of the Law and the Power of Partnerships,” tells the stories of whistleblowers from Facebook, Amazon, Theranos, U.S. Immigration and Customs Enforcement detention centers and Ireland’s public electricity service. In each case, the worker suffered reprisal and was aggressively silenced. In each case, they persisted, and allies emerged to help.

For Facebook employee Frances Haugen, finding an ally meant teaming up with Wall Street Journal reporter Jeff Horwitz, a specialist in tech who had been writing about Facebook’s misdeeds for some time. When Haugen decided to go public about the social media platform’s knowing exploitation of teenagers and its awareness of the violence incited by poorly regulated non-English versions of its site, Horwitz was pivotal in orchestrating when and how the newspaper articles would appear, helping maximize their impact and granting Haugen control over how her story was told.

This partnership was no accident; Haugen chose the reporter and tech expert carefully. “I auditioned Jeff for a while,” she later told a reporter. “One of the reasons I went with him is that he was less sensationalistic than other choices I could have made.”

Indeed, many whistleblowers disclose with the wrong journalist, leaving themselves open to attack.

At Theranos – a multibillion-dollar biotech company that turned out to be a fraud – a lawyer “friend of a friend” gave whistleblower Erika Cheung critical advice about disclosing to a regulator. This was a lifeline for the recent graduate, who feared for her career and safety after being threatened by bosses and lawyers and warned to stay silent and obey her nondisclosure agreement. Meanwhile, Cheung had no money for formal legal representation. It was that call to the lawyer that made all the difference, Cheung told me. “He said, ‘You can whistleblow.’”

Her contact explained that if she disclosed to the Centers for Medicare & Medicaid Services, she could avail of whistleblower protection and break her NDA. She would have to do it right and focus on the details: to highlight Theranos’ “regulatory noncompliance” and demonstrate the firm was violating the rules for proficiency testing. But all it would require of Cheung was a simple email to the right organization.

Finally, my research also detailed the many colleagues at Amazon who supported whistleblowing manager Chris Smalls in disclosing risks to life and health during the early days of the COVID-19 pandemic in New York. When Smalls was fired for speaking out and subject to racist language in internal memos about the incident that were later leaked, his close colleague Derrick Palmer described his response. “I was appalled,” Palmer said. “I just knew that they wanted to – pretty much – silence the whole effort. Anyone speaking out. That was how they were going to treat them, moving forward. Including myself.”

Labor leader Chris Smalls speaks during a conference in Chicago, Ill., in 2022.
Jeremy Hogan/SOPA Images/LightRocket via Getty Images

This strengthened Palmer’s determination to help Smalls. Meanwhile, the leaked memo prompted letters of support and emails “from people from all over the country – Amazon workers, non-Amazon workers, that just want to help advocate as well,” as Smalls put it. In the days and weeks after, workers held demonstrations at Amazon facilities all across the U.S., with banners declaring solidarity with the New York warehouse whistleblowers.

No whistleblower is an island

These allies often go overlooked when the media focuses on whistleblowers. But their support is critical, particularly in an era when protections for workers who speak up are coming under increasing threat worldwide.

Organizing whistleblowing allies involves strategy, and some nonprofit and civil society groups have become experts in this domain. Leading the way is the U.S. Government Accountability Project and its “information matchmaking” approach. The idea is simple: Whistleblowers need a whole team of other people – from experts to members of the public – on their side. And this takes planning.

For years, lawyer-activists like those at the Government Accountability Project have been treating whistleblower protection and support efforts as holistic campaigns that entail a media operation and networking effort, as well as a legal defense.

Take the example of Dawn Wooten, a former nurse at the Irwin County Detention Center – a U.S. Immigration and Customs Enforcement contractor – who encountered and disclosed medical misconduct and critical failures. Dana Gold at the Government Accountability Project supported her whistleblowing with other activists, enlisted civil society groups and politicians in the cause, helped land newspaper articles in The Guardian and The New York Times, and even arranged a New Yorker podcast in which Wooten told her story.

The information went viral, and multiple investigations ensued. Within a year, the Department of Homeland Security directed ICE to formally end its contract with the Irwin County Detention Center, citing the revelations made public by Wooten and some of the detained women.

None of this is straightforward. In most whistleblowing disputes, the organization holds the balance of power. It has the files, the witnesses and the money to pay good lawyers. I’ve found that whistleblower allies must work with whatever limited resources they can marshal to give themselves an advantage. This means engaging influential people who might help, including pro bono lawyers, specialists who can give evidence, concerned regulators and beat journalists. In short, what is necessary is experts across all domains who are interested in the story and willing to help. And it’s the collective effort that matters.

Even with this support, however, whistleblowers don’t have it easy. In many high-profile cases where a disclosure is made public and a whistleblower is clearly vindicated and recognized as a courageous truth-teller, they can suffer afterward. Potential employers can balk at the prospect of hiring a whistleblower, even a celebrated one. And vindictive organizations can and do continue retaliating, even years after a story has dropped off the front pages.

Whistleblower allies and their strategies don’t offer a magic bullet. But they can help tip the balance of power, bringing public opinion to bear on an employer bent on reprisal or a government intent on coddling the powerful.

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

– ref. No whistleblower is an island – why networks of allies are key to exposing corruption – https://theconversation.com/no-whistleblower-is-an-island-why-networks-of-allies-are-key-to-exposing-corruption-250721

MIL OSI – Global Reports –

April 30, 2025
MIL-OSI Global: Florida panthers and black bears need a literal path for survival – here’s how the Florida Wildlife Corridor provides it in one of the fastest-growing US states

Source: The Conversation – USA – By Thomas Hoctor, Research Associate Professor of Landscape Architecture, University of Florida

Florida panthers are a federally endangered species. Carlton Ward Jr./Wildpath

Imagine a Florida panther slinking its way 400 miles (645 kilometers) from the Big Cypress Swamp, in the southwest part of the state, to Okefenokee Swamp, on Florida’s northern border with Georgia, without ever being spotted by a human.

No one has yet documented a panther making this journey. But evidence suggests it happens.

Florida panthers were once distributed throughout most of the southeast U.S., but now their number is tiny – maybe 200 or so – and their known breeding range has greatly shrunk, now concentrated in southwest Florida.

They do show up in north Florida and Georgia on occasion when young males travel north looking to escape social pressure from adult males. Biologists have found their tracks not far south of Okefenokee. One panther made it almost to Atlanta before it was shot by a hunter.

Large mammals such as the Florida panther and black bear literally need room to roam in order to hunt, breed and thrive. Such journeys across the state of Florida are possible thanks to the Florida Wildlife Corridor, a statewide system of interconnected wildlife habitat that turns 15 this year.

The Florida Wildlife Corridor built on conservation efforts that date back to the 1980s and 1990s, when researchers from the University of Florida, including the two of us and our mentor Larry Harris, created maps of existing and proposed conservation areas that interlinked across the state.

A family of Florida black bears scratches on a log in the dry season.
Carlton Ward Jr./Wildpath

Today, the Florida Wildlife Corridor spans 18 million acres – about half of the state.

Ten million of these acres are protected from development. They are either local, state, regional or federal public conservation lands or they are private conservation easements. These easements restrict the landowners’ uses of the land to activities compatible with wildlife conservation, such as ranching, timber production and other sustainable activities.

The other 8 million acres are the focus of state-funded land protection efforts to close the unprotected gaps. For now, these lands could be converted to intensive residential, commercial or industrial development.

The corridor is an ambitious conservation project. It provides sufficient habitat to sustain healthy wildlife populations while also protecting Florida’s key ecosystem services, including water quality and flood storage. Ecosystem services refers to the benefits that ecosystems provide humans.

The corridor is also a unique example of how conservationists can combine science with public education and outreach to protect important natural habitats – even in regions like Florida that face burgeoning population growth.

Florida’s population boom

Until the early 20th century, Florida was the most remote and undeveloped state on the East Coast.

After World War II and the introduction of affordable home air conditioning, Florida transformed from a sleepy winter holiday destination to the third-most-populated state in the nation.

Currently, about 300,000 new residents move to Florida each year.

With this population growth came a rapid loss of natural habitat and rural landscapes. Using federal land use data, we calculate that approximately 60,000 acres of Florida habitat are lost each year.

Florida’s development was initially concentrated along the coasts, especially in areas with extensive beaches. With the opening of tourist attractions such as Disney World near Orlando in 1971, central Florida also became a hub of rapid growth.

It became clear to concerned Floridians that virtually all land not protected by permanent conservation designations could eventually be lost to urban and suburban sprawl.

Responding to these concerns, Florida became a leader in land protection, which has generally been popular and bipartisan in the Sunshine State.

Since the 1970s, Florida has protected millions of acres of conservation lands through programs including the Florida Preservation 2000 Act of 1990, the Florida Forever acquisition program that replaced it in 2001, and the Rural and Family Lands Protection Program, also created in 2001.

The authors estimate that approximately 60,000 acres of Florida habitat are lost each year to development.
Carlton Ward Jr./Wildpath

Scientists identify key areas to protect

Wildlife biologists since the 1930s have observed how birds and mammals use wooded fencerows, hedgerows, streamsides and other natural corridors to travel through agricultural regions in the U.S. and Canada.

When corridors are protected, they allow animals to travel safely across landscapes and they can save animals from extinction. They also provide people with ecosystem services such as clean water and flood protection.

Since 1995, the Florida Ecological Greenways Network, or FEGN, has identified a statewide system of large, intact natural areas and connecting green spaces. It is now part of the state-legislated Florida Greenways and Trails System, a statewide network of recreational trails and ecological corridors.

As conservation scientists who are deeply involved with the FEGN, we were able to make use of the state’s early investment in geographic information systems. GIS produces digital maps and other high-quality data on the locations of wildlife habitat and other conservation priorities.

The Florida Wildlife Corridor covers nearly 18 million acres of Florida. A little over half of the acres, pictured in dark green, are conserved lands while the rest, pictured in light green, are considered opportunity areas for future conservation.
University of Florida Center for Landscape Conservation Planning

We continue to work with state agencies and other partners to continually update the FEGN as land use changes and as better data and tools become available to identify conservation priority areas.

Getting the public on board

While the FEGN proved fundamental for supporting state conservation programs, it was not widely known by Floridians or visitors to the state.

In 2010, conservation photographer Carlton Ward and colleagues proposed a simple, unified map and a public campaign to promote protection of the top-priority lands in the Florida Ecological Greenways Network.

Ward called it the Florida Wildlife Corridor.

He organized a team of photographers, videographers and scientists who trekked across large swaths of the corridor to document Florida’s natural ecosystems and native species that were threatened by development.

The expeditioners highlighted species like the Florida panther, Florida black bear and Florida grasshopper sparrow. They raised awareness about the corridor’s connection to water conservation, lands managed by ranchers and foresters, and recreational opportunities. And they produced documentary films, media and social media coverage, and public talks and events to educate the public on the importance of protecting the corridor.

Photographer Carlton Ward Jr. paddles to set up cameras at a site in the Fakahatchee Strand in southwest Florida.
Carlton Ward Jr./Wildpath

Bipartisan support continues

In June 2021, Florida Gov. Ron DeSantis signed the Florida Wildlife Corridor Act into law. The legislation, which had unanimous support from the state Legislature, officially recognized the corridor’s critical role in Florida’s economy, cultural and natural heritage, and protection of imperiled species and ecosystems.

The law also reenergized legislative support and funding to acquire land directly for conservation and to establish conservation easements on private lands.

Ranchers with the Seminole Tribe of Florida steer cattle through wooden sorting pens at the Big Cypress Reservation in southern Florida.
Carlton Ward Jr./Wildpath

The 2025-2026 Florida budget, which is still under negotiation, earmarks US$300 million to $450 million for land protection programs.

And on April 23, 2025, the Florida Senate passed a resolution to proclaim April 22 as Florida Wildlife Corridor Day. The resolution affirmed the corridor’s importance as “a unique natural resource” that is essential for “preserving the green infrastructure that is the foundation of this state’s economy and quality of life.”

There is a lot of land protection work left to be done in a race against a burgeoning human population. But Florida has proved ready to implement science-based strategies and work with willing landowners to protect a statewide wildlife corridor as a key element of Florida’s future.

The Florida Wildlife Corridor is also a potential model for other states and regions that want to protect viable wildlife populations and ecosystem services.

Uplands and wetlands east of Fort Myers, in the core of Florida panther territory, are part of the Florida Wildlife Corridor.
Carlton Ward Jr./Wildpath

Thomas Hoctor receives funding from state government related to working on the science and planning associated with the Florida Wildlife Corridor.

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

– ref. Florida panthers and black bears need a literal path for survival – here’s how the Florida Wildlife Corridor provides it in one of the fastest-growing US states – https://theconversation.com/florida-panthers-and-black-bears-need-a-literal-path-for-survival-heres-how-the-florida-wildlife-corridor-provides-it-in-one-of-the-fastest-growing-us-states-251790

MIL OSI – Global Reports –

April 30, 2025
MIL-OSI Global: Almost Zion: Remembering a short-lived Jewish state in New York

Source: The Conversation – USA – By Adam L. Rovner, Director of the Center for Judaic Studies, University of Denver

Twin bridges spanning the Niagara River lead from Tonawanda to Grand Island, New York — the proposed site of ‘Ararat.’ Kevin Menschel/iStock via Getty Images Plus

At dawn on Sept. 15, 1825, a burst of cannon fire shook the ramshackle buildings of Buffalo, New York. Families raced down the main street to witness a grand ceremony, following a parade of soldiers, clergymen, Freemasons, musicians and Seneca tribesmen, including their venerable chief, Red Jacket. All surged toward St. Paul’s Episcopal Church, the frontier town’s only grand edifice.

Inside, a crowd of Christians, Jews and Native Americans were already packed together to witness the founding of Ararat, a tract of land on nearby Grand Island that was intended to be the first autonomous Jewish city-state in almost 1,800 years.

Ararat’s 400-pound cornerstone, engraved with a central Jewish tenet of faith from the Bible’s Book of Deuteronomy, rested inside the church. When the swell of the organ died down, former diplomat, political power broker and playwright Mordecai Manuel Noah – the man who had dreamed up Ararat – rose to his feet.

Today, this marker is one of the few surviving signs of the proposed settlement.
Adam Rovner

Described as a “stout … gentleman, with sandy hair, a large Roman nose, and … red whiskers,” Noah had draped himself for the ceremony in fur-trimmed robes borrowed from a theater. He triumphantly announced the reestablishment of “the Government of the Jewish Nation … under the auspices and protection of the constitution and laws of the United States of America.”

Noah also welcomed Native Americans, whom he – like many Americans at the time – mistakenly believed were “the descendants of the lost tribes of Israel.” In addition, he granted equal “rights and religious privileges” to the “black Jews of India and Africa,” disclosing a rare-for-his-time sensitivity toward Jews of color.

A portrait of Mordecai Noah by 19th-century painter John Wood Dodge.
Smithsonian American Art Museum via Wikimedia Commons

But Noah’s utopian ark sank with barely a trace. Not a single Jew heeded his call to settle Ararat. Noah himself abandoned ship when his calls for a Jewish republic were rebuffed by religious leaders. All that he left behind was the cornerstone.

As a scholar who scours archives to trace connections between literature and history, I’ve seen how Noah’s efforts to found a Jewish statelet have fascinated students of both American and Zionist history.

Noah was only the first of many modern thinkers to propose establishing Jewish territories far from the biblical land of Israel. In the 20th century, organizations seeking a humanitarian solution to Jewish persecution considered carving out enclaves the world over, including lands in today’s Kenya, Angola, Madagascar, Tasmania and Suriname.

‘City of refuge’

Noah wielded considerable influence in early 19th-century America through his roles as a political party boss, helming various daily newspapers, and as a popular playwright. But he was also a marginalized outsider at a time when there were fewer than 500 Jews in Manhattan, the young republic’s largest city.

Noah used his press pulpit to demand equality for Jews, even proposing himself as a presidential candidate. He remained one of few high-profile American Jews throughout his life, urging other citizens to acknowledge that one’s faith and patriotism need never be at odds. Yet antisemitic slurs dogged him throughout his career.

After witnessing the persecution of Jews in Europe during his diplomatic travels, Noah hoped Ararat would be a territorial solution to religious oppression.

‘Noah’s Ark,’ by 19th-century American painter Edward Hicks.
Philadelphia Museum of Art via Wikimedia Commons

In some ways, his efforts hearkened back to the origins of America itself. Instead of the Mayflower, Noah invoked the symbolic ark of his biblical namesake – “Ararat” is the biblical name of the mountain where the ark came to a rest after the flood. In the role of the Puritans, he cast European Jewry. And instead of Plymouth Rock, he landed on Grand Island. As the cornerstone of Ararat proclaimed, the settlement was to be a “city of refuge for the Jews” – one that Noah hoped would grow to become a state and be admitted to the American republic.

In his speeches, Noah imagined that Ararat would allow European Jews to escape persecution while simultaneously fulfilling America’s need for immigration, industry and financial capital. He also believed that his purchase of 2,555 acres of Grand Island would prove a lucrative personal investment: The recently completed Erie Canal, he reasoned, would make Buffalo a major port.

Failure to launch

At the time of Noah’s proposal, the Zionist movement – the modern political program for Jewish national self-determination – had not yet coalesced. Most Jews at the time believed that founding a Jewish state in the land of Israel was a pipe dream, or worse. God had expelled their ancestors from the Holy Land in 70 C.E., they believed, so taking matters into their own hands and rebuilding a Jewish state there would be blasphemy.

Noah hoped to sidestep those theological objections by locating a Jewish polity in the promised land of America, not the biblical promised land. Nonetheless, Jewish leaders dismissed his vision as contrary to God’s will. The chief rabbis of England and France publicly condemned Noah’s plan, and the September 1825 ceremony in Buffalo proved Ararat’s high point.

Though ridiculed in the press for Ararat’s failure, Noah took a philosophical view:

I … stand as the pioneer of the great work, leaving others to complete it. … When sneers and mockery shall have had their day … then my motives and objects will have been duly estimated and rewarded.“

The front page of one of Mordecai Noah’s books, published in 1819.
Library of Congress via Wikimedia Commons

Birth of Zionism

Noah quickly resumed his career as a journalist and emerged as a kind of ambassador, penning articles and delivering speeches that linked Jewish and Christian America. To Christians, he explained Jewish practices. To his brethren, he demonstrated the fundamental compatibility between the ideals of Judaism and the United States, assuring them that America “is the country which the Almighty has blessed,” a land in which Jews “may repose in safety and happiness.”

Yet Noah never abandoned his plans for Jewish self-government and ultimately advocated national repatriation to areas of Palestine, then under Ottoman control. In 1845 he published a short book, “Discourse on the Restoration of the Jews.” A young journalist whom he had befriended, Edgar Allan Poe, praised Noah’s proposal for a Jewish return to the biblical land of Israel as “extraordinary [and] full of novel and cogent thought.”

Noah did not live to see his dreams fulfilled. After his death in March 1851, nearly 50 years passed before another playwright and journalist resurrected the idea of Jewish political autonomy: Theodor Herzl.

Herzl’s vision laid the groundwork for the establishment of the state of Israel. Today, he is considered the father of Zionism, with his image paraded on Israeli Independence Day.

Paradoxically, Noah is remembered today thanks only to the spectacular failure of his American Zion.

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

– ref. Almost Zion: Remembering a short-lived Jewish state in New York – https://theconversation.com/almost-zion-remembering-a-short-lived-jewish-state-in-new-york-253534

MIL OSI – Global Reports –

April 30, 2025
MIL-OSI United Kingdom: Romford builder banned for Covid loan abuse agrees to repay money he should never have claimed
Source: United Kingdom – Executive Government & Departments

Press release

Romford builder banned for Covid loan abuse agrees to repay money he should never have claimed

Construction director previously disqualified as a director signs compensation agreement
Ioan Marcu overstated his company’s turnover to receive £50,000 in Bounce Back Loan funds when he was only entitled to little more than £11,000

Marcu was handed a decade-long director ban for his misconduct following Insolvency Service investigations

The 38-year-old has now signed a formal document in which he agrees to repay the money he secured

A builder who was disqualified as a company director for Covid loan abuse has now agreed to repay all the money the company was not entitled to claim.

Ioan Marcu inflated his Imbusi Ltd company’s turnover to receive a £50,000 Bounce Back Loan in 2020, the maximum allowed under the scheme.

Marcu was disqualified as a director for 10 years in January 2025 following Insolvency Service investigations.

The 38-year-old, of Lindfield Road, Romford, has now signed an agreement committing him to repay more than £38,000 – the total amount the company should never have received.

Ann Oliver, Chief Investigator at the Insolvency Service, said:

Ioan Marcu significantly overstated his company’s turnover in order to receive the maximum amount of money businesses were entitled to under the Bounce Back Loan Scheme.

This was clearly an inaccurate declaration which has resulted in him being banned as a director until the start of 2035.

Marcu has now signed a compensation undertaking which legally requires him to pay back all the public money the company should never have received in the first place.

Imbusi was incorporated in August 2014 with Marcu as its sole director.

Marcu applied to the bank for the £50,000 Bounce Back Loan in July 2020, claiming Imbusi’s turnover was £280,000 – an over-estimate of more than £230,000.

Insolvency Service analysis of Imbusi’s accounts revealed the company was only entitled to a loan of £11,451.

The Secretary of State for Business and Trade accepted a compensation undertaking from Marcu on Thursday 24 April, in which he has agreed to repay £38,549 in monthly instalments.

His disqualification undertaking prevents him from being involved in the promotion, formation or management of a company, without the permission of the court.

Imbusi went into liquidation in July 2022 with liabilities of more than £63,000.

Further information

Ioan Marcu is of Lindfield Road, Romford. His date of birth is 6 January 1987

Imbusi Ltd (company number 09180287)

Individuals subject to a disqualification order or undertaking are bound by a range of restrictions

Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct 

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

Share this page

The following links open in a new tab

Share on Facebook (opens in new tab)

Share on Twitter (opens in new tab)

Updates to this page

Published 29 April 2025
MIL OSI United Kingdom –
April 30, 2025
MIL-OSI: HTX Launches $TRUMP Promotions: 20% APY, $20,000 Trading Competition, and 0 Fees

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) — HTX is launching a series of exclusive promotions for $TRUMP, offering users multiple ways to boost earnings and capture market opportunities amid surging global interest in the token.

Learn more about the $TRUMP promotions:
https://www.htx.com.gt/en-us/mars/web/activity-center?callId=174581400284440

Seize the Momentum with $TRUMP Promotions

1. Earn $TRUMP with 20% APY – Flexible and Instant Access

Starting April 26 at 16:00 (UTC), HTX launched a special $TRUMP Flexible Earn offer. Users can subscribe to the $TRUMP Earn product and enjoy an annualized return of up to 20% with hourly compounding. Funds can be deposited and withdrawn at any time for maximum flexibility. Simply log in to the HTX App or website and select the “$TRUMP Flexible” product under “Earn.”

2. 0 Trading Fees for $TRUMP/USDT Spot Trading

From April 28 at 10:00 to May 13 at 15:59 (UTC), users can trade the $TRUMP/USDT spot pair with zero trading fees. This limited-time offer lowers trading costs and makes it easier for users to capture potential gains.

3. $TRUMP Trading Competition to Share 20,000 USDT – Race to the Top

HTX is hosting a $TRUMP Trading Competition from April 27 at 10:00 to May 4 at 10:00 (UTC).
Participants who trade $TRUMP spot will be ranked by total trading volume for a chance to share a 20,000 USDT prize pool.
Bonus: $TRUMP leveraged trades will count 3x toward the total volume.
Note: Users must register on the event page to qualify for rewards.

HTX: Empowering Users with Quality Digital Asset Opportunities

Through Earn promotions, fee-free trading offers, and trading competitions, HTX continues to create a low-cost, high-liquidity trading environment. The $TRUMP campaigns are part of HTX’s broader efforts to enhance user opportunities through curated digital asset offerings, while continuously optimizing platform experience and driving sustainable growth across the global user base.

About HTX

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

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

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

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

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c52a1adf-dbce-488c-a634-70886fb93017

The MIL Network –

April 30, 2025
MIL-OSI: Global Artificial Intelligence Influence on Diabetic Retinopathy Market Expected to See Significant Growth

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., April 29, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – According to reports from industry insiders the Global AI in Diabetic Retinopathy market is projected to continue to grow at a substantial rate for years to come. According to Metastat, Global AI in Diabetic Retinopathy Market is witnessing unprecedented growth, reshaping the landscape of diagnostic and therapeutic interventions for this prevalent and sight-threatening complication of diabetes. As technology continues to advance, artificial intelligence (AI) is emerging as a transformative force in healthcare, particularly in the domain of diabetic retinopathy (DR), where early detection and timely intervention are critical. The report said “AI applications in diabetic retinopathy are gaining momentum due to their ability to augment traditional diagnostic methods. Image analysis, a cornerstone in the detection of retinal abnormalities, has witnessed a paradigm shift with the incorporation of AI algorithms. These algorithms, trained on vast datasets of retinal images, demonstrate remarkable accuracy in identifying subtle changes indicative of diabetic retinopathy. Consequently, they empower healthcare professionals with more efficient and precise tools for early diagnosis. One of the notable contributions of AI in diabetic retinopathy lies in its potential to address the challenge of limited access to ophthalmic expertise, especially in resource-constrained regions. Automated screening processes, driven by AI, enable remote and quick assessment of retinal images, offering a scalable solution to bridge the gap in healthcare accessibility. This democratization of expertise has the potential to revolutionize the way diabetic retinopathy is diagnosed and managed globally.” According to a report issued by Grand View Research: “the global diabetic retinopathy market size was estimated at USD $9.48 Billion in 2024 and is expected to grow at a CAGR of 6.4% from 2025 to 2030. One of the main factors expected to fuel market expansion is the growing incidence of diabetes in older individuals and the rising prevalence of blindness caused by diabetes. The introduction of novel diagnostic technologies and treatments and the increased awareness are driving the market expansion.”   Active healthcare/tech companies active in the markets include: Avant Technologies Inc. (OTCQB: AVAI), Recursion (NASDAQ: RXRX), Tempus AI, Inc. (NASDAQ: TEM), Predictive Oncology Inc. (NASDAQ: POAI), ADMA Biologics, Inc. (NASDAQ: ADMA).

The Metastat report continued: “Moreover, AI is not confined to diagnosis alone; it extends its influence on the realm of personalized treatment strategies. Tailoring interventions based on individual patient profiles; AI algorithms enhance the efficacy of therapeutic approaches. This marks a significant departure from conventional one-size-fits-all methodologies, allowing for more precise and targeted treatment plans. The continuous evolution of AI models also holds promise for prognostic applications in diabetic retinopathy. Predictive analytics, driven by machine learning algorithms, analyzes diverse patient data to forecast the progression of the disease. This foresight equips healthcare providers with valuable information to strategize long-term management plans, optimizing outcomes for patients with diabetic retinopathy.”

Avant Technologies, Inc. (OTCQB: AVAI) and Ainnova Request Pre-Submission Meeting with US FDA for VisionAI Platform Technology – Avant Technologies, Inc. (“Avant” or the “Company”), and its JV partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced that The Center for Devices and Radiological Health of the U.S. Food and Drug Administration (FDA) has received the company’s submission package requesting a pre-submission meeting with the FDA for its VisionAI platform technology and is now under review.

Ainnova is requesting a pre-submission meeting with the FDA’s review team to discuss any questions and/or concerns about its proposed formal submission, including seeking advice to finalize the protocol and obtain agency guidance for a clinical trial of its VisionAI platform in the early detection of diabetic retinopathy. A pre-submission meeting allows companies to clarify regulatory requirements, get feedback on their plans, and potentially avoid delays or issues during the formal review process.

The clinical studies will aim to support an FDA 510(k) submission to obtain clearance from the regulatory agency to market its technology in the U.S.

Ai-nova Acquisition Corp. (AAC), the company formed by the partnership between Avant and Ainnova to advance and commercialize Ainnova’s technology portfolio, including its VisionAI platform and its versatile retinal cameras, has worldwide licensing rights for this portfolio. The licensing rights include the U.S., where the FDA regulates drug and medical device development, so the success of Ainnova’s interactions with the FDA are paramount to marketing the technology portfolio in the United States.

Vinicio Vargas, Chief Executive Officer at Ainnova and a member of AAC’s Board of Directors, said, “This milestone reflects our two-tiered strategy, rapid deployment in low-regulation markets where VisionAI operates as a screening tool, and simultaneous progress toward FDA clearance for the U.S. market. Entering the U.S. will unlock significant commercial potential, and early engagement with regulators ensures we do so with speed, credibility, and a validated product.”

For medical device applicants like Ainnova, the FDA’s pre-submission program is useful to determine a clear regulatory pathway for the successful launch of the device, including the number of patients and the number of clinics that will be needed to generate the necessary clinical data for the FDA to make an informed decision on Ainnova’s VisionAI platform. For Avant, the pre-submission meeting will help define a precise budget for the strategic partnership’s entire FDA process.   CONTINUED… Read this and more news for Avant Technologies at:   https://www.financialnewsmedia.com/news-avai/

In other developments and happenings in the markets recently include:

Recursion (NASDAQ: RXRX) recently announced it will present preliminary data during the 2025 Digestive Disease Week (DDW) meeting from its ongoing Phase 1b/2 clinical trial, TUPELO, which is evaluating the safety and preliminary activity of REC-4881 for the treatment of familial adenomatous polyposis (FAP). The data will be presented as a late-breaking oral presentation during the Research Forum session on Hereditary GI cancer syndromes on Sunday, May 4, 2025 in San Diego.

“We are pleased that DDW has recognized the importance of our data in addressing the unmet needs of the FAP patient population, where no FDA-approved therapies currently exist,” said Najat Khan, PhD, Chief R&D Officer and Chief Commercial Officer at Recursion. “MEK 1/2 inhibition for the potential treatment of FAP was identified through our AI-powered Recursion OS platform, which analyzed cellular models of APC gene loss to uncover a potential first-in-disease treatment. We look forward to sharing our preliminary findings in our upcoming DDW presentation in May.”

Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, recently announced Tempus Loop, a new oncology-focused platform for target discovery and validation. Loop is Tempus’ proprietary approach to novel target identification that integrates real-world patient data (RWD) with human-derived biological models and CRISPR-screens, all leveraging AI to rapidly uncover insights for pre-clinical therapeutic development.

One of the biggest industry challenges has been translating promising preclinical experiments into treatments that can benefit patients. Conventional approaches in target discovery and validation rely on cell lines or animal models, which may not be reliable representations of human tumors. Loop’s approach is uniquely powerful because it leverages Tempus’ rich RWD to identify patient subpopulations with similar clinical, pathologic, and molecular patterns, followed by use of systems biological approaches to help reveal novel target genes and multimodal signatures. These signatures allow Tempus to seamlessly map patient subcohorts to relevant patient-derived organoids (PDOs), which the company has been expanding for years. By ensuring continuity between RWD and PDOs, Tempus can validate targets using high-throughput functional screens in models that more closely reflect patient attributes. This seamless integration—RWD to PDO and back—can help to enable rapid hypothesis generation and testing in the most relevant disease models, accelerating target discovery and validation.

Predictive Oncology Inc. (NASDAQ: POAI), a leader in AI-driven drug discovery, recently announced that it has made significant progress along the continuum of biomarker discovery, drug discovery and drug repurposing. These latest developments build upon Predictive’s ongoing initiative to combine its in-house biomarker identification platform with its AI screening capabilities.   Identifying new indications using active machine learning and a biobank of patient derived dissociated tumor cells (DTCs) represents a novel and commercially sustainable approach to repurposing abandoned oncology drugs.

“This efficient screening approach on a small, curated cohort of abandoned drugs identified three compounds that warrant further exploration in tumor indications that have never been examined in this way,” said Dr. Arlette Uihlein, SVP of Translational Medicine and Drug Discovery and Medical Director at Predictive Oncology. “The work that we have done successfully demonstrates our ability to utilize our active machine learning and biobank of tumor samples to capture patient response heterogeneity in less than 12 weeks.”

ADMA Biologics, Inc. (NASDAQ: ADMA) (“ADMA” or the “Company”) recently announced U.S. FDA approval of its innovative yield enhancement production process. This innovative process has demonstrated an ability to increase production yields by approximately 20% from the same starting plasma volume.

“This approval represents a pivotal milestone for ADMA, unlocking the opportunity for meaningful acceleration in our revenue and earnings trajectory beginning in late 2025 and accelerating further into 2026 and beyond,” said Adam Grossman, President and Chief Executive Officer of ADMA. “As the first U.S. producer of plasma-derived products to achieve regulatory approval for its innovative yield enhancement production process, ADMA continues to demonstrate its leadership in modernizing and advancing plasma fractionation through agile, forward-thinking scientific development and execution. We commend our team for driving this novel process from concept to approval with speed and capital efficiency, and we thank the FDA for its thorough and timely review as well as the Agency’s commitment to expanding immune globulin access for immunocompromised patients. Looking ahead, we are excited to continue to advance our internal R&D platform—further optimizing production capabilities and progressing novel pipeline programs, most notably SG-001, our pre-clinical, investigative hyperimmune globulin targeting S. pneumonia, which exemplify our commitment to product and process innovation.”

About FN Media Group:

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

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

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

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

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

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

Contact Information:

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

SOURCE: FN Media Group

The MIL Network –

April 30, 2025
MIL-OSI: Resolutions of Nokia Corporation’s Annual General Meeting
Source: GlobeNewswire (MIL-OSI)

Nokia Corporation
Stock Exchange Release
29 April 2025 at 15.45 EEST

Resolutions of Nokia Corporation’s Annual General Meeting

Espoo, Finland – The Annual General Meeting (AGM) of Nokia Corporation took place today 29 April 2025 in Helsinki, Finland. The AGM approved all the proposals of the Board of Directors to the AGM.

The AGM adopted the Company’s financial statements, discharged the members of the Board and the President and Chief Executive Officer from liability for the financial year 2024 and adopted the Company’s Remuneration Report and Remuneration Policy. In addition, the AGM adopted the following resolutions.

Authorization to the Board to decide on the asset distribution
The AGM decided that no dividend is distributed by a resolution of the Annual General Meeting and authorized the Board to resolve on the distribution of an aggregate maximum of EUR 0.14 per share as dividend from the retained earnings and/or as assets from the reserve for invested unrestricted equity.

The authorization is valid until the opening of the next Annual General Meeting. The Board will resolve separately on the amount and timing of each distribution of the dividend and/or assets from the reserve for invested unrestricted equity so that the preliminary record and payment dates will be as set out below. The Company shall make a separate announcement of each such Board resolution confirming the relevant record and payment dates.

Preliminary record dates Preliminary payment dates

5 May 2025 12 May 2025

29 July 2025 7 August 2025

28 October 2025 6 November 2025

3 February 2026 12 February 2026

Each installment based on the resolution of the Board of Directors will be paid to a shareholder registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the record date of the payment.

Composition of the Board of Directors
The AGM resolved to elect ten members to the Board. The following eight members of the Board were re-elected for the term ending at the close of the next Annual General Meeting: Timo Ahopelto, Sari Baldauf, Elizabeth Crain, Thomas Dannenfeldt, Lisa Hook, Mike McNamara, Thomas Saueressig and Kai Öistämö. In addition, the AGM resolved to elect Pernille Erenbjerg and Timo Ihamuotila as new members of the Board of Directors for the same term of office. The qualifications and career experience of the elected Board members are available on the Company’s website at https://www.nokia.com/about-us/company/leadership-and-governance/board-of-directors/meet-the-board/.

Board members’ remuneration
The AGM resolved that the annual fees to be paid to the members of the Board for the term ending at the close of the next Annual General Meeting are as follows:
- EUR 440 000 for the Chair of the Board;
- EUR 210 000 for the Vice Chair of the Board;
- EUR 185 000 for each member of the Board;
- EUR 30 000 each for the Chairs of the Audit Committee and the Personnel Committee and EUR 20 000 each for the Chairs of the Technology Committee and the Strategy Committee as an additional annual fee; and
- EUR 15 000 for each member of the Audit Committee and Personnel Committee and EUR 10 000 for each member of the Technology Committee and Strategy Committee as an additional annual fee.
The AGM resolved that approximately 40% of the annual fee will be paid in Nokia shares. The rest of the annual fee would be paid in cash to cover taxes arising from the remuneration. The members of the Board shall retain until the end of their directorship such number of shares that they have received as Board remuneration during their first three years of service on the Board. If the term of a Board member terminates before the Annual General Meeting of 2026, the Board has a right to decide upon potential reclaim of the annual fees as it deems appropriate.

The AGM also resolved to pay a meeting fee of EUR 5 000 per meeting requiring intercontinental travel and EUR 2 000 per meeting requiring intracontinental travel for Board and Committee meetings to all Board members. The meeting fee is paid for a maximum of seven meetings per term. Only one meeting fee is paid if the travel entitling to the fee includes several meetings of the Board and the Committees. The AGM also resolved that the members of the Board of Directors shall be compensated for travel and accommodation expenses as well as other costs directly related to Board and Committee work.

Auditor and Sustainability Reporting Assurer
The AGM re-elected audit firm Deloitte Oy as the auditor for Nokia for the financial year 2026. In addition, the AGM elected authorized sustainability audit firm Deloitte Oy as the sustainability reporting assurer for Nokia Corporation for the financial year 2026. Deloitte Oy has informed the Company that the key audit partner and key sustainability partner will be Authorized Public Accountant (KHT) and Authorized Sustainability Auditor (KRT) Jukka Vattulainen.

The AGM resolved, in accordance with the Board proposal, that the auditor and the sustainability reporting assurer elected for 2026 be reimbursed based on the purchase policy approved by the Board’s Audit Committee and the invoices approved by the Company

Authorizations to resolve on the repurchase of the Company’s own shares and on the issuance of shares and special rights entitling to shares
The AGM authorized the Board to resolve to repurchase a maximum of 530 million Nokia shares by using funds in the unrestricted equity. Shares may be repurchased to be cancelled, held to be reissued, transferred further or for other purposes resolved by the Board. The shares may be repurchased otherwise than in proportion to the shares held by the shareholders (directed repurchase). The authorization is effective until 28 October 2026 and it terminated the corresponding repurchase authorization granted by the Annual General Meeting on 3 April 2024 to the extent that the Board has not previously resolved to repurchase shares based on the respective authorization.

The AGM authorized the Board to resolve to issue a maximum of 530 million shares through issuance of shares or special rights entitling to shares under Chapter 10, Section 1 of the Finnish Companies Act in one or more issues. The authorization may be used to develop the Company’s capital structure, diversify the shareholder base, finance or carry out acquisitions or other arrangements, settle the Company’s equity-based incentive plans, or for other purposes resolved by the Board. Under the authorization, the Board may issue new shares or treasury shares held by the Company. The authorization includes the right for the Board to resolve on all the terms and conditions of the issuance of shares and special rights entitling to shares, including issuance of shares or special rights in deviation from the shareholders’ pre-emptive rights within the limits set by law. The authorization is effective until 28 October 2026 and it terminated the corresponding authorization granted by the Annual General Meeting on 3 April 2024.

Minutes of the Annual General Meeting
The minutes of the AGM will be available on the Company’s website latest on 13 May 2025.

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Inquiries:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Head of External Communications

Nokia
Investor Relations
Phone: +358 931 580 507
Email: investor.relations@nokia.com

The MIL Network –
April 30, 2025

MIL-OSI: Farmers and Merchants Bancshares, Inc. Reports Earnings of $1.2 Million, or $0.37 per Share, for the Three Months Ended March 31, 2025

Source: GlobeNewswire (MIL-OSI)

HAMPSTEAD, Md., April 29, 2025 (GLOBE NEWSWIRE) — Farmers and Merchants Bancshares, Inc. (the “Company”), the parent company of Farmers and Merchants Bank (the “Bank” and, together with the Company, “we”, “us” and “our”), announced that net income for the quarter ended March 31, 2025 was $1.2 million, or $0.37 per common share (basic and diluted), compared to $1.2 million, or $0.39 per common share (basic and diluted), for the same period in 2024. The Company’s return on average equity during the quarter ended March 31, 2025 was 8.22% compared to 9.40% for the same period in 2024. The Company’s return on average assets during the quarter ended March 31, 2025 was 0.57% compared to 0.61% for the same period in 2024.

Net interest income was $5.5 million for the quarter ended March 31, 2025, an increase of $321 thousand over the $5.2 million reported for the same period in 2024. The increase was due to a 35 basis point increase in the yield on earning assets to 5.03% for the three months ended March 31, 2025 compared to 4.68% for the same period in 2024. Average earning assets increased $10.6 million to $790.6 million as of March 31, 2025. Average loans increased to $593.7 million for the quarter ended March 31, 2025, an increase of $59.1 million over the $534.6 million for the quarter ended March 31, 2024. The combination of higher yields on earning assets plus higher average earning asset balances was the primary reason for the increase. Offsetting the increase in interest income was the higher cost of funds in 2025. The average interest rate paid on interest bearing liabilities was 2.70% for the three months ended March 31, 2025, compared to 2.48% for the same period in 2024. Average interest bearing liabilities increased to $650.0 million, an increase of $23.0 million when compared to the $627.0 million reported as of March 31, 2024.

A provision for credit losses of $30 thousand was recorded for the quarter ended March 31, 2025 compared to no provision for credit loss for the quarter ended March 31, 2024. The Company’s loan portfolio continues to perform at a high level with just four non-accrual loans totaling $2.6 million and two loans more than 30 days delinquent totaling $577 thousand at March 31, 2025.

Noninterest income increased slightly to $514 thousand for the quarter ended March 31, 2025 compared to $504 thousand for the same period in 2024. Mortgage banking income increased $24 thousand, income on bank owned life insurance increased $15 thousand, gains on the sale of investment securities increased $94 thousand, and other fees and commissions increased $37 thousand. The increases were offset by a decrease in service charges of $30 thousand and a decrease in insurance proceeds of $143 thousand due to the non-recurring receipt of insurance proceeds during the first quarter of 2024 in connection with storm damage to the Bank’s office building in Upperco, Maryland.

Noninterest expense was $386 thousand higher for the quarter ended March 31, 2025 when compared to the same period in 2024. This increase was due primarily to a $175 thousand increase in occupancy and furniture and equipment costs, a $101 thousand increase in FDIC premiums, a $33 thousand increase in ATM related costs, and a $96 thousand increase in other expenses. The increase in other expenses was due primarily to legal fees incurred for stockholder matters and additional costs related to the Company’s captive insurance company subsidiary. The Bank’s FDIC assessment expense increased due to higher asset size and higher FDIC assessment rates. The increase in occupancy and furniture and equipment was due primarily to depreciation on the renovations and new equipment for the Bank’s Upperco, Maryland location which was placed in service at the end of the first quarter of 2024 and the Bank’s new Towson, Maryland location that was placed in service during the second quarter of 2024. The increase in ATM related expenses was due to vendor price increases.

Income taxes decreased by $30 thousand during the quarter ended March 31, 2025 when compared to the same period in 2024 due to lower earnings before taxes. The effective tax rate decreased to 21.3% for the quarter ended March 31, 2025 from 22.1% for the same period last year due to an increase in the amount of nontaxable income included in pretax income year over year.

Total assets were $817.6 million at March 31, 2025 compared to $844.6 million at December 31, 2024. Compared to December 31, 2024, total loans, net of the allowance for credit losses, increased $17.1 million to $600.0 million at March 31, 2025. Offsetting the increase in loans was a decrease in cash and cash equivalents of $42.0 million. The decrease was primarily due to the funding of new loans of $17.1 million, a decrease in deposits of $23.2 million, and the repayment of $5.0 million of Federal Home Loan Bank borrowings. Deposits decreased to $735.6 million at March 31, 2025 from $758.8 million at December 31, 2024. The Company’s tangible equity was $51.5 million at March 31, 2025 compared to $49.2 million at December 31, 2024.

The book value of the Company’s common stock increased to $18.44 per share at March 31, 2025 from $17.77 per share at December 31, 2024. Book value per share at March 31, 2025 was inclusive of the $15.6 million unrealized loss, net of income taxes, on the Bank’s available for sale (“AFS”) investment portfolio as a result of higher interest rates. Changes in the market value of the AFS investment portfolio, net of income taxes, are reflected in the Company’s equity, but are not included in the income statement. The AFS investment portfolio is comprised of 72% government agency mortgage backed securities which are fully guaranteed, 22% investment grade non agency mortgage backed securities, less than 1% investment grade corporate and municipal bonds, and 5% subordinated debt of other community banks. There is no indication of credit deterioration in any of the bonds and we intend to hold these investments to maturity, so no actual losses are anticipated. The unrealized loss in the AFS investment portfolio did not impact regulatory capital because the Bank elected many years ago to not include changes in the market value of the AFS investment portfolio in the calculation of regulatory capital regardless of whether they are positive or negative.

Our Federal Home Loan Bank facility, other borrowing lines available, unpledged securities, brokered deposit access, and cash and cash equivalents provided us with access to approximately $337.8 million of liquidity as of March 31, 2025.

Gary A. Harris, President and CEO, commented “Our loan growth remains strong with a $17.1 million increase in net loans over the past quarter. We previously announced the opening of the new Towson Commercial Banking Office. Since its inception in June 2024, the office has produced over $29 million in new commercial loans and $8 million in new relationship deposits through March 31, 2025. We believe that this new office will be instrumental in both loan and deposit growth in 2025. Our asset growth along with the Federal Reserve’s three interest rate decreases over the past seven months have led to positive gains in our net interest margin. Asset quality remains high and our liquidity position remains strong. We continue to believe that Farmers and Merchants is well positioned to grow earnings in 2025.”

About the Company

The Company is a financial holding company and the parent company of the Bank. The Bank was chartered in Maryland in 1919 and has over 100 years of service to the community. The Bank serves the deposit and financing needs of both consumers and businesses in Carroll and Baltimore Counties along the Route 30, Route 795, Route 140, Route 26, and Route 45 corridors. The main office is located in Upperco, Maryland, with seven additional Maryland branches in Owings Mills, Hampstead, Greenmount, Reisterstown, Westminster, Eldersburg, and Towson. Certain broker-dealers make a market in the common stock of Farmers and Merchants Bancshares, Inc., and trades are reported through the OTC Markets Group’s Pink Market under the symbol “FMFG”.

Forward-Looking Statements

The statements contained herein that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “will,” “expect,” “believe,” “intend,” and similar expressions. Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. For a discussion of these risks and uncertainties, see the section of the periodic reports filed by Farmers and Merchants Bancshares, Inc. with the Securities and Exchange Commission entitled “Risk Factors”.


Farmers and Merchants Bancshares, Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited)

Dollars in thousands except per share and share data

	March 31,			December 31,
		2025			2024

Assets

Cash and due from banks	$	21,779		$	63,962
Federal funds sold and other interest-bearing deposits		918			697
Cash and cash equivalents		22,697			64,659
Certificates of deposit in other banks		100			100
Securities available for sale, at fair value		123,780			125,713
Securities held to maturity, at amortized cost less allowance for credit
losses of $62.5 thousand and $35.6 thousand		21,135			20,499
Equity security, at fair value		530			518
Restricted stock, at cost		715			921
Mortgage loans held for sale		240			157
Loans, less allowance for credit losses of $4.3 million and $4.3 million		600,048			582,993
Premises and equipment, net		7,316			7,349
Accrued interest receivable		2,376			2,439
Deferred income taxes, net		7,246			7,606
Other real estate owned, net		1,176			1,176
Bank owned life insurance		15,429			15,324
Goodwill and other intangibles, net		7,024			7,026
Other assets		7,746			8,163
Total assets	$	817,558		$	844,643

Liabilities and Stockholders’ Equity

Deposits
Noninterest-bearing	$	104,379		$	107,197
Interest-bearing		631,219			651,609
Total deposits		735,598			758,806
Securities sold under repurchase agreements		5,482			5,564
Federal Home Loan Bank of Atlanta advances		–			5,000
Long-term debt, net of issuance costs		10,858			11,329
Accrued interest payable		766			1,003
Other liabilities		6,306			6,669
Total liabilities		759,010			788,371
Stockholders’ equity
Common stock, par value $.01 per share,
authorized 5,000,000 shares; issued and outstanding
3,175,347 shares in 2025 and 3,166,653 shares in 2024		32			32
Additional paid-in capital		31,294			31,136
Retained earnings		42,777			41,613
Accumulated other comprehensive loss		(15,555	)		(16,509	)
Total stockholders’ equity		58,548			56,272
Total liabilities and stockholders’ equity	$	817,558		$	844,643


Farmers and Merchants Bancshares, Inc. and Subsidiaries Consolidated Statements of Income (Unaudited)

Dollars in thousands except per share data
	Three Months Ended March 31,
		2025		2024

Interest income
Loans, including fees	$	8,366	$	6,882
Investment securities – taxable		1,051		1,579
Investment securities – tax exempt		156		137
Federal funds sold and other interest earning assets		313		468
Total interest income		9,886		9,066

Interest expense
Deposits		4,249		3,101
Securities sold under repurchase agreements		17		23
Federal Home Loan Bank advances		12		13
Federal Reserve Bank advances		–		622
Long-term debt		113		134
Total interest expense		4,391		3,893
Net interest income		5,495		5,174

Provision for credit losses		30		–

Net interest income after provision for credit losses		5,465		5,174

Noninterest income
Service charges on deposit accounts		165		195
Mortgage banking income		29		5
Bank owned life insurance income		105		90
Fair value adjustment of equity security		9		(4	)
Gain on sale of investment securities		94		–
Gain on insurance proceeds, net		–		143
Other fees and commissions		112		75
Total noninterest income		514		504

Noninterest expense
Salaries		2,207		1,976
Employee benefits		382		606
Occupancy		328		246
Furniture and equipment		335		242
Professional services		173		205
Automated teller machine and debit card expenses		168		135
Federal Deposit Insurance Corporation premiums		199		98
Postage, delivery, and armored carrier		78		82
Advertising		56		48
Other real estate owned expense		5		3
Other		567		471
Total noninterest expense		4,498		4,112

Income before income taxes		1,481		1,566
Income taxes		316		346
Net income	$	1,165	$	1,220

Earnings per common share – basic	$	0.37	$	0.39
Earnings per common share – diluted	$	0.37	$	0.39

Farmers and Merchants Bancshares, Inc.
Selected Consolidated Financial Data
(Unaudited)
Dollars in thousands except per share data

	As of or For the Three Months Ended March 31,
		2025			2024			2023

OPERATING DATA

Interest income	$	9,886		$	9,066		$	7,051.53
Interest expense		4,391			3,892			1,395
Net interest income		5,495			5,174			5,657
Provision for credit losses		30			–			(270	)
Net interest income after provision for credit losses		5,465			5,174			5,927
Noninterest income		514			504			382
Noninterest expense		4,498			4,112			3,757
Income before income taxes		1,481			1,566			2,552
Income taxes		316			346			651
Net income	$	1,165		$	1,220		$	1,901

PER SHARE DATA

Net income (Basic and diluted)	$	0.37		$	0.39		$	0.62
Dividends	$	0.00		$	0.00		$	0.00
Book value	$	18.44		$	17.03		$	16.53

KEY RATIOS

Return on average assets		0.57	%		0.61	%		1.05	%
Return on average equity		8.22	%		9.40	%		15.49	%
Efficiency ratio		75.23	%		72.42	%		59.55	%
Dividend payout ratio		0.00	%		0.00	%		0.00	%
Net yield on interest-earning assets		2.81	%		2.69	%		3.24	%
Tier 1 capital leverage ratio		9.48	%		9.39	%		9.97	%


Farmers and Merchants Bancshares, Inc.
Selected Consolidated Financial Data
(Unaudited)
Dollars in thousands except per share data

	As of or For the Three Months Ended March 31,
		2025			2024			2023

AT PERIOD END

Total assets	$	817,558		$	794,593		$	722,679
Gross loans		604,352			541,398			525,485
Cash and cash equivalents		22,697			25,633			9,566
Securities		145,569			182,325			146,300
Deposits		735,598			655,978			637,309
Borrowings		10,858			71,742			24,625
Stockholders’ equity		58,548			53,077			50,757

SELECTED AVERAGE BALANCES

Total assets	$	816,760		$	799,841		$	723,106
Gross loans		593,653			534,566			525,516
Cash and cash equivalents		26,648			37,224			8,719
Securities		169,215			208,134			169,873
Deposits		634,274			550,010			501,185
Borrowings		4,946			69,551			36,124
Stockholders’ equity		54,127			51,928			49,071

ASSET QUALITY

Nonperforming assets	$	3,789		$	1,898		$	1,898

Nonperforming assets/total assets		0.46	%		0.24	%		0.26	%

Allowance for credit losses/total loans		0.71	%		0.80	%		0.87	%

Contact:	Mr. Gary A. Harris President and Chief Executive Officer (410) 374-1510, ext. 1104

The MIL Network –

April 30, 2025

MIL-OSI Banking: Howard Lee: Opening remarks – Project Cargox expert panel kick-off meeting

Source: Bank for International Settlements

Good morning, distinguished guests and Expert Panel Members.

On behalf of the Hong Kong Monetary Authority (HKMA), I would like to extend a very warm welcome to you all. We are excited to have you join us today to launch Project Cargo^x and share your valuable expertise.

Let me start by thanking you for dedicating your time, insights and energy to this important initiative. Cargo^x unites us with a bold vision: to build a more inclusive and efficient digital ecosystem for trade finance, powered by cargo data insights and our CDI data infrastructure.

This vision is critical in today’s evolving global landscape, where trade conflicts and disrupted supply chains are reshaping established trade patterns. Many businesses, SME traders in particular, stand to benefit immensely from a more digitalised and streamlined trade finance ecosystem as they transform their business model and supply chains.

SMEs’ access to trade finance has long been hindered by different processing pain points. For instance, the heavy reliance on paper-based documents has led to inefficiencies and difficulty in tracking and verifying the transactions. With light balance sheets, many SMEs also struggle to provide the collateral required by banks to secure loans. Furthermore, issues like duplicate financing have heightened the risk of default and fraud.

Through Cargo^x, we aim to address these challenges in a few ways. First, leverage cargo data to streamline trade finance processes for banks; second, develop digital solutions to enhance SMEs’ access to trade finance, in collaboration with key partners such as the Transport and Logistics Bureau and Airport Authority Hong Kong; and third, explore connections between CDI and international data partners to support innovative trade financing use cases.

Trade finance is inherently a complex process. For example, the export of collectible figures from Hong Kong already involves multiple parties, including the importer, freight forwarder, shipping line, port operator, insurance company, banks and customs authorities.

Given the intricate flow of goods, services, trade loans and payments, numerous documents, such as invoices, bills of lading, insurance certificates, letters of credit and customs declarations, are required to facilitate the trade.

To navigate this complexity, it is crucial to leverage industry expertise to gain a holistic understanding of the trade finance landscape, pinpoint areas for improvement, and identify processes for further digitalisation, particularly through cargo data. We are therefore very pleased to establish the Cargo^xExpert Panel, comprising representatives from the trading and trade finance industry.

The Expert Panel will serve as a vital platform for public-private collaboration, fostering dialogue to develop a roadmap and recommendations for a more robust digital trade finance ecosystem. Your insights will be instrumental in driving this transformation.

We look forward to charting the future of digital trade finance together with the Expert Panel members through Cargo^x. Our concerted efforts will help overcome traditional barriers and empower SMEs with faster, and more accessible financial services.

Thank you.

MIL OSI Global Banks –

April 30, 2025
MIL-OSI Banking: Chang Yong Rhee: Navigating political uncertainty while maintaining independence

Source: Bank for International Settlements

Thank you, Mr. Fernandez, for that generous introduction. And good evening to the distinguished guests who joined the dinner tonight, including President Lateef and Mr. Euywhan Kim, Korean Consul General in New York. Your warm welcome means more than I can express.

For over a century, the Foreign Policy Association has been a leader in promoting international collaboration through public dialogue and education. Its role as a nonpartisan forum for intellectual discourse is more important than ever today, as the world experiences a rising political divide, geopolitical tensions, and global fragmentation.

I’m deeply humbled and honored to receive this award from the FPA, and especially feel undeserving when I consider past awardees like Chairman Volcker, President Trichet, Managing Director Georgieva, and many others. Also, sharing this award ceremony with the Secretary-General of the OECD, the Honorable Mathias Cormann, makes it even more special.

On a personal note, this medal holds a very special meaning within my family. When I got married, I made a joke to my wife, saying, “As I’ll devote my whole life to promoting world peace, you need to take care of everything else for our family.” I thank the FPA for vindicating my joke and justifying the many evenings I’ve spent away from my wife and children.

Acknowledging Global and Korean Headwinds

Currently, we are facing heightened uncertainties. Globally, despite some easing of post-pandemic inflation, trade tensions are intensifying and geopolitical risks persist, reshaping supply chains and deepening global fragmentation, or reglobalization. They have triggered the global financial market turbulence and slowed down global growth. My understanding is that the IMF is going to consider lowering its world economic outlook significantly tomorrow.

Korea is not an exception. As an export-driven economy, it is particularly vulnerable to these external headwinds. Tariffs directly reduce our exports. And, given our deep integration with key supply chain partners, our semiconductor production in Vietnam, electronics and automobile manufacturing in Mexico, and battery production in Canada will all likely be significantly affected. At the same time, weak demand from China-which accounts for over 19% of Korea’s exports-is expected to further weigh on our economy.

To make matters worse, current challenges have been especially difficult for Koreans. As you may know, political uncertainty intensified following the former president’s declaration of martial law late last year. After about five months of turbulence, we now hope that the Constitutional Court’s recent upholding of the impeachment, along with the upcoming presidential election in June, will help settle this uncertainty behind us.

Nevertheless, “Every cloud has a silver lining.” These political events also demonstrated the powerful resilience of Korean democracy.

There had been moments of unrest and deep confrontation among citizens with differing political views. However, the situation was resolved peacefully and constitutionally, and now we are advancing toward the presidential election.

Political Polarization and Central Bank Independence

One thing that I learned as a central banker during this period of political turmoil is the importance of central bank independence-but from a different angle.

We usually understand central bank independence to mean freedom from government interference or fiscal dominance. However, navigating through recent political challenges has made it clear to me that independence from politics is much more vital.

This is particularly true in deeply divided political environments such as Korea right now, where the presidency and parliamentary majority are decided by only a narrow margin of the popular vote.

Governments are appointed by an elected power. By this very nature, during times of heightened political tension, any policy decisions and announcements by governments are often filtered through a political lens and struggle to gain broad trust.

In contrast, a central bank, as Paul Tucker describes it, is an “Unelected Power”-more free from political preference and generally perceived as politically neutral. This allowed us to communicate balanced and apolitical assessments of economic conditions, such as the economic impact of political instability, along with policy recommendations when they were most needed.

Independence with Flexibility

Of course, as Paul Tucker rightly points out in his book, central banks must not exploit the privileges that come with their independence.¹ He argues that central banks should strictly confine themselves to a narrow interpretation of their mandate, which includes price stability and political neutrality in general.

I agree with the spirit of that argument. But I also believe that some degree of flexibility is necessary-particularly in unexpected extreme situations, such as the political instability that Korea just experienced or crises like the pandemic.

Let me recall a conversation I had with a central bank governor from emerging Asia when I served as the IMF’s Asia-Pacific Department Director. As many of you know, avoiding fiscal deficit monetization is generally considered one of the non-negotiable mandates of central banks.

However, in 2020, at the height of the COVID-19 crisis, that central bank took the unusual step of purchasing government bonds in the primary market under the spirit of shared burden with the government. As the governor explained to me, it was seen as inevitable to help those suffering from COVID-19, given the unusually large need for fiscal support, the limited financial market depth, and the importance of protecting sovereign credit rating.

Fortunately, the temporary deviation from text book central bank principles turned out to be a happy ending: the country navigated the COVID crisis without damaging its creditworthiness and returned to its pre-pandemic deficit target within two years as planned.

Fundamental concerns about deficit monetization remain valid. However, this case demonstrates how limited, temporary policy flexibility may be necessary depending on the specific nature of economic crisis and the maturity of capital markets.

Likewise, while leading the central bank through recent political turmoil, I often faced situations where my statements could be misinterpreted as political. For example, when both parties held opposing views on fiscal policy during the impeachment process and incoming election, discussing fiscal stimulus risked appearing partisan. Yet as central bank governor, I could not remain silent on its necessity, for two reasons.

First, after the martial law declaration, domestic demand was falling faster than expected. Some degree of fiscal stimulus was needed to alleviate a sharp decline in major market players’ economic forecasts early in the year. Second, a bipartisan fiscal package seemed to be the best tool to send the message to global investors that Korea’s economy operates independently of political divisions and to protect our credit rating.

While my public advocacy for fiscal stimulus created some controversy over political neutrality as expected, I believe that my decisions will stand the test of time. Yes, central bankers must be politically neutral, but as Keynes said of his mentor Marshall, economists need to be “sometimes as near the earth as a politician.”

U.S.-Korea Relationship & Closing

Before I close, I would like to take a moment to highlight the enduring importance of the U.S.-Korea relationship, especially in the presence of many distinguished American leaders here tonight.

Since Korea’s liberation in 1945, the U.S. and Korea have stood together as trusted allies, sharing common values, such as freedom, democracy, peace, and prosperity.

I mentioned the resilience of Korean democracy earlier in my remarks, and indeed, the U.S. has always remained alongside us throughout our democratic journey. At a critical crossroads in history, it helped guide Korea away from communism and toward democracy. Especially for the Bank of Korea, it also provided instrumental support in shaping our legal foundations-most notably, the Bank of Korea Act.

Despite the leadership transition and the complex geo-economic landscape in Korea, I remain confident that the U.S.–Korea relationship will be taken to the next level. I believe the ongoing support of those in this room will be truly invaluable.

Once again, I offer my deepest thanks to the FPA for this honor, and I wish the FPA continued flourishing in the years to come.

Thank you.

MIL OSI Global Banks –

April 30, 2025
MIL-OSI: Primech AI Secures Foothold in Europe’s Rapidly Growing €10+ Billion Service Robotics Market Through Strategic Partnership with TCOrobotics GmbH

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced its strategic entry into the European market through a Memorandum of Understanding (MOU) with TCOrobotics GmbH, establishing a distribution framework for its innovative HYTRON, AI-powered autonomous bathroom cleaning robots across Germany, Austria, and Switzerland (DACH region).

The two-year agreement positions Primech AI to capitalize on Europe’s booming service robotics market, currently valued at over €10 billion annually and projected to reach €20-30 billion by 2030. With European service robot suppliers representing approximately 44% of global providers, this partnership gives Primech AI access to one of the world’s most sophisticated robotics ecosystems.

“Europe represents an exceptional growth opportunity for Primech AI, with the EU service robotics market experiencing double-digit annual growth driven by labor shortages, technological advances, and increasing acceptance of automation solutions,” said Charles Ng, Co-Founder and Chief Operating Officer of Primech AI. “Our partnership with TCOrobotics gives us an immediate market presence in the DACH region, which is at the forefront of adopting innovative cleaning technologies and boasts some of the world’s leading robotics companies.”

The European market is particularly receptive to autonomous cleaning solutions, with specialized cleaning robots seeing increased deployment following the COVID-19 pandemic. The region’s high labor costs, aging workforce, and strict hygiene standards in commercial facilities create ideal conditions for Primech AI’s HYTRON robots, which offer cost-effective, consistent cleaning performance.

Under the terms of the MOU, TCOrobotics, based in Vaihingen an der Enz, Germany, will oversee all aspects of regional distribution, including installation processes, maintenance, technical support, and customer training. The Company will work closely with Primech AI to ensure consistent quality standards and effective implementation of HYTRON robots at customer facilities.

“We’re seeing tremendous demand for advanced cleaning automation across the DACH region,” said Aleksandar Birmanac, CEO of TCOrobotics GmbH. “Primech AI’s HYTRON robots represent a perfect solution for facilities managers looking to address labor shortages while improving cleaning consistency and operational efficiency. We anticipate strong adoption across a variety of commercial settings.”
This European expansion represents a significant milestone in Primech AI’s global growth strategy and offers substantial potential for revenue growth in a market expected to double in value by 2030. The Company’s entry into Europe also benefits from the EU’s supportive policy environment for robotics innovation while meeting the region’s stringent regulatory requirements.

According to the International Federation of Robotics, Primech AI’s expansion comes at a time when specialized professional service robots for cleaning saw 12% year-over-year growth globally in 2022. The DACH region specifically has seen accelerated adoption of cleaning robots in commercial settings following the pandemic, with businesses increasingly viewing robot deployment as both a practical necessity and a marketing advantage that signals cleanliness and technological sophistication to customers.

About Primech AI
Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
Email: ir@primech.com.sg

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

The MIL Network –

April 30, 2025
MIL-OSI: Willis Lease Finance Corporation Closes Three Additional JOLCO Deals, Bringing Total JOLCO Financings to Nearly $120M

Source: GlobeNewswire (MIL-OSI)

COCONUT CREEK, Fla., April 29, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced the closing of three Japanese operating lease with call option (“JOLCO”) transactions, totaling US$64.8 million in financing. Two of the loans closed in the first quarter of 2025 for a PW1127GA-JM engine and a PW1133G-JM engine, respectively, and mature in 2033. The third loan closed in April of 2025 for a LEAP-1A engine and matures in 2034. These transactions bring WLFC’s total JOLCO financings to approximately US$119.8 million.

“The JOLCO market remains an attractive way to diversify financing options and we’re proud to deepen our relationship with Japanese counterparties,” said Scott B. Flaherty, WLFC EVP and Chief Financial Officer. “Through global capital sources like this, WLFC is able to offer our airline customers compelling lease and financing solutions.”

WLFC closed its first JOLCO engine transaction in August of 2023.

Willis Lease Finance Corporation
Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

The MIL Network –

April 30, 2025
MIL-OSI: Hanmi Releases 2024 Annual Shareholder Letter

Source: GlobeNewswire (MIL-OSI)

LOS ANGELES, April 29, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced the release of its 2024 annual letter to shareholders entitled “Successfully Navigating a Dynamic Market Environment” authored by President and Chief Executive Office Bonnie Lee. To view the letter please visit Hanmi Financial Corporation (HAFC).

About Hanmi Financial Corporation

Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

Investor Contacts:
Romolo (Ron) Santarosa
Senior Executive Vice President & Chief Financial Officer
213-427-5636

Lisa Fortuna
Investor Relations
Financial Profiles, Inc.
lfortuna@finprofiles.com
310-622-8251

The MIL Network –

April 30, 2025
MIL-OSI: Sky Quarry Taps TAR360 to Drive Production Growth and Operational Excellence at Foreland Refinery

Source: GlobeNewswire (MIL-OSI)

WOODS CROSS, Utah, April 29, 2025 (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, today announced it has engaged Kevin Arrington of TAR360 as a strategic consultant. Arrington will work closely with the Sky Quarry team to accelerate the company’s growth trajectory, optimize internal processes, and support execution across key operational initiatives.

The consulting engagement will focus on a production scale-up strategy at the Company’s Foreland Refinery, Nevada’s only operational crude oil refinery. The initiative includes optimizing existing infrastructure and implementing a clear roadmap to initially increase output by up to 125%, from 20,000 to 45,000 barrels per month, and ultimately by up to 300% to 80,000 barrels per month.

By improving distillation and refracturing processes at the Foreland Refinery, Sky Quarry is driving greater refining efficiency and accelerating the conversion of recycled liquid asphalt from waste shingles into blended, sustainably produced fuels and other high-value materials. The Company believes that this initiative will reinforce its position as a next-generation energy provider and will enhance its ability to meet rising regional demand, particularly as California faces ongoing fuel supply constraints driven by refinery closures and tightening environmental regulations.

“As we scale Sky Quarry into a fully integrated waste-to-energy platform, it’s critical that our internal systems evolve with our growth,” said David Sealock, CEO of Sky Quarry. “Kevin Arrington and TAR360 bring a proven track record of transforming complex operations into high-performance systems, delivering measurable results for companies like BP, Shell, and Boeing. By leveraging that expertise, we’re strengthening our foundation for disciplined growth, operational excellence, and long-term shareholder value.”

Arrington and TAR360 will also help design and implement a practical operating framework that connects day-to-day activities with Sky Quarry’s broader business goals, ensuring teams are aligned, performance is measurable, and resources are focused where they will have the greatest impact on the Company’s operating results. At the same time, he will evaluate and upgrade the Company’s internal reporting systems, giving the Board and executive leadership better access to timely, decision-ready information to support strategic oversight and improve transparency.

About Kevin Arrington and TAR360

Kevin Arrington is the founder of TAR360, a performance consulting firm with over 15 years of experience driving operational improvements across the energy, aviation, and manufacturing sectors. Known for delivering measurable results, including nearly $1 billion in added revenue at BP’s Whiting Refinery and significant efficiency gains at Shell, Boeing, and American Airlines, Arrington applies a proprietary 16 Dimensions Framework to identify performance gaps and streamline complex systems. His engagement with Sky Quarry will focus on scaling production at the Foreland Refinery, aligning internal operations, and strengthening governance systems to support the Company’s next phase of sustainable growth.

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 Company’s Form 10-K as filed with the SEC on March 31, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

Investor Relations
Jennifer Standley
Director of Investor Relations
Ir@skyquarry.com

Company Website
www.skyquarry.com

The MIL Network –

April 30, 2025
MIL-OSI: Helport AI Congratulates Brand Ambassador Ben Griffin on First PGA TOUR Victory at Zurich Classic

Source: GlobeNewswire (MIL-OSI)

Former Mortgage Loan Officer Turned PGA TOUR Champion Embodies Helport AI’s Mission to Empower Excellence

SINGAPORE and SAN DIEGO, April 29, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, today congratulated brand ambassador Ben Griffin on capturing his first PGA TOUR title at the 2025 Zurich Classic of New Orleans alongside his friend and tournament partner, Andrew Novak, at TPC Louisiana in Avondale, Louisiana. Griffin sank a 35-foot birdie putt on the 17th hole to help seal the victory in the rotating format of four-ball and foursomes tournament, and is now ranked No. 21 in the FedExCup standings.

Griffin’s remarkable journey—stepping away from professional golf to work as a mortgage loan officer before returning to the PGA TOUR—mirrors the spirit of resilience, performance, and empowerment that Helport AI strives to bring to customer-focused industries like mortgage lending. After reaching a career-high world ranking of No. 48, Griffin’s breakthrough win highlights the rewards of perseverance, preparation, and precision under pressure.

“We are incredibly proud to celebrate Ben’s victory at the Zurich Classic,” said Guanghai Li, Chief Executive Officer of Helport AI. “Ben exemplifies the values we champion at Helport AI: a relentless pursuit of excellence, an unwavering commitment to growth, and the belief that the right tools and mindset can help individuals perform at their highest potential.”

Helport AI’s flagship platform, AI Assist, acts as a real-time co-pilot for mortgage loan officers and other customer contact teams across financial services, including insurance and consumer financing. The technology provides intelligent conversation guidance, dynamic compliance support, and actionable insights—helping users achieve better customer outcomes, lower operational costs, and drive business growth.

As a former loan officer himself, Griffin’s story resonates deeply with Helport AI’s mission of enhancing human performance through cutting-edge technology.

“I know firsthand how demanding and high-pressure customer-facing roles can be,” said Ben Griffin. “That’s why I’m proud to partner with Helport AI, a company committed to giving professionals the tools they need to perform at their best. Winning the Zurich Classic is a dream come true, and I’m excited to continue growing both on and off the course with Helport by my side.”

Griffin’s victory at the Zurich Classic marks a milestone not only in his professional golf career but also in the evolution of Helport AI’s growing partnerships with champions across industries who embody the pursuit of excellence.

About Helport AI

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

Forward-Looking Statements

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

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/88ab4713-9616-4e80-94ef-ef16ae696bc4

The MIL Network –

April 30, 2025
MIL-OSI: XRP News: XenDex Presale To Hit Soft Cap In Few Hours, $XDX Price Rises After Soft Cap Sell Out, Secure Your XDX Now!

Source: GlobeNewswire (MIL-OSI)

SYDNEY, April 29, 2025 (GLOBE NEWSWIRE) — XenDex, the revolutionary all-in-one decentralized exchange built on the XRP Ledger, is on the brink of selling out its presale and early buyers may never see these current prices again, In just the first week of its presale launch, over 30% of the token presale has already been sold, setting the stage for what many now predict could be a complete sellout within 2 weeks.

Currently, excitement grows across the crypto industry amid US SEC dropping the XRP Ripple Lawsuit and clearing ProShares to launch XRP Futures ETFs. A new decentralized finance project, XenDex is seizing the moment to reshape the XRP Ledger ecosystem.

Buy $XDX Token Now

XDX Price Set to Increase After Today

Currently, 1 XRP = 10 XDX, But once the soft cap is filled, 1.25 XRP will be required to purchase 10 XDX.

That’s a 25% increase after the soft cap is raised, and with demand surging, this is the final opportunity to buy $XDX at its lowest possible rate.

The new Ripple based DeFi is already offering its native token for sale at a very cheap price, ready to raise major funds in record time for advancement and further development of the project. The new XRP project has become the talk of the XRP community and investors are already jumping onboard, convinced XDX will deliver massive returns and position itself as XRP’s breakout altcoin by 2025.

XenDex promotes itself as a transformative platform combining the power of Artificial Intelligence (AI) with an ultra-fast and low-fee XRP Ledger (XRP).

Join XenDex Presale

Smart contracts are currently undergoing comprehensive audits, and the platform will be fully non-custodial with transparent DAO-based governance. Early adopters participating in the presale will benefit from staking rewards, airdrops, and priority access to upcoming product launches.

As the market looks toward a possible XRP ETF launch, projects like XenDex are building the infrastructure needed to support this wave of adoption. With its blend of automation, community empowerment, and high-speed execution, XenDex is positioning itself as the primary DeFi gateway for XRP-based assets.

Join the Movement Now!

Website: https://xendex.net
XenDex Presale: https://xendex.net/presale
Telegram: https://t.me/xendexcommunity
Twitter/X: https://x.com/xendex_xrp
Gitbook Docs: https://xdxdocs.gitbook.io

Contact:
Frank Richards
Frank@xendex.net

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

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85f7e1e8-5eee-4a30-9a74-b94f17b1a6ce

The MIL Network –

April 30, 2025
MIL-OSI: JOYY Inc. Filed 2024 Annual Report on Form 20-F

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global technology company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission on April 29, 2025, Eastern Time. The annual report can be accessed on the Company’s investor relations website at http://ir.joyy.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s Investor Relations Department at joyy-ir@joyy.com.

About JOYY Inc.

JOYY is a leading global technology company with a mission to enrich lives through technology. With a diversified product portfolio spanning live streaming, short-form videos, casual games, instant messaging, and emerging initiatives like advertising, JOYY has evolved beyond social entertainment into a multifaceted ecosystem powered by AI and data-driven technologies. Headquartered in Singapore and operating across the globe, JOYY has fostered a vibrant user community through its localized strategies. JOYY’s ADSs have been listed on the NASDAQ since November 2012.

Investor Relations Contact

JOYY Inc.
Jane Xie/Maggie Yan
Email: joyy-ir@joyy.com

ICR, LLC.
Robin Yang
Email: joyy@icrinc.com

The MIL Network –

April 30, 2025
MIL-OSI United Kingdom: Three new schools join Birmingham’s ‘School Streets’ initiative

Source: City of Birmingham

Birmingham City Council is continuing to ensure safer and healthier streets for children walking, wheeling and cycling to school.

Three new additions to its ‘School Streets’ initiative has taken the overall number across the city to 21.

Cotteridge Primary School (Stirchley ward), The Oval School (Garretts Green ward) and Whitehouse Common Primary School (Sutton Trinity ward) are the latest schools to join the scheme.

The School Streets programme restricts the movement of motor vehicles on roads outside schools at the start and end of the day. The aim is to reduce traffic congestion, improve air quality and make it safer to walk, wheel and cycle to school.

Since the initial launch of the programme in Birmingham in 2019 more than 70% of people (consisting of residents, parents, and school staff) have shown support for the programme at their school. This feedback has also shown that the initiative reduces school-related congestion, helping to make roads feel safer and less polluted.

Birmingham City Council’s Cabinet Member for the Environment and Transport, Councillor Majid Mahmood, welcomed the latest expansion of the programme, saying: “School Streets is a programme that has already been proven to make roads safer, less congested and less polluted, and we are pleased to add a further three schools to those who are benefitting from the scheme.

“Reducing the number of cars on our roads and encouraging people to use active travel and public transport is key to both the Birmingham Transport Plan and our Clean Air Strategy, and School Streets is key to ensuring we are on track to do just that. I wish the schools involved the best of luck as they launch the programme.”

Ed Wicks, Project Coordinator of Living Streets, added: “We’re delighted to support the launch of these School Streets. Fewer cars outside school gates means children can walk to school safely and breathe cleaner air.

“We know that many of us are put off walking to school because of speeding vehicles and inconsiderate parking. By removing cars, we remove these barriers and support more families to choose cleaner and healthier ways to travel.”

The School Streets programme is funded through net surplus revenues from the Clear Air Zone, which must be spent on transport-related strategies and policies that help improve air quality.

School Streets is just one way that the Council is working to promote safer, greener and healthier travel, with the Modeshift STARS national award scheme available to all schools.

Notes to editor:

About School Streets

Birmingham City Council uses Experimental Traffic Regulation Orders to trial a time-limited street closure at the start and end of the school day. This can stay in place for a maximum of 18 months, during which time we will monitor and assess the effect of this change before deciding whether it should be made permanent. As part of this we are asking for feedback on these schemes.

Local residents are able to apply for a free permit which allows them to drive their vehicle in the area where this restriction is in place in order to access their property. There are some other exemptions for traffic that can access streets at these times, including blue badge holders and emergency services. Anyone else driving in the restricted zone at these times (without a valid permit or exemption) can be issued with a Fixed Penalty Notice charge of £50.

MIL OSI United Kingdom –

April 30, 2025
MIL-OSI: Best No KYC Casinos: JACKBIT Is Ranked Top No Verification Casino With Exclusive Bonuses
Source: GlobeNewswire (MIL-OSI)

LARNACA, Cyprus, April 29, 2025 (GLOBE NEWSWIRE) — No KYC casinos are ruling the gambling landscape recently. With numerous available options, it might be overwhelming for players to choose the best No KYC casino for better and safer iGaming. After reviewing multiple No KYC casino platforms, our experts found that JACKBIT is one of the best No KYC casinos of 2025.

JOIN JACKBIT NOW!

However, what helps JACKBIT stand out from the rest of the casinos? Is it the wide array of 7000+ games, multiple payment options, beneficial bonuses, or a safe gaming experience? Let’s have a detailed breakdown of what makes JACKBIT the best No KYC option for both seasoned gamblers and beginners exploring the new landscape. So, here is what JACKBIT has in store for you.

JACKBIT Casino: The Best No KYC Casino In 2025

JACKBIT is one of the most popular and widely accepted no KYC casinos in 2025. With a sleek design, easy navigation, and user-friendly interface, JACKBIT has offered an unmatched iGaming experience since its launch in 2022. This no KYC casino platform has a noteworthy game library that offers over 7000+ different casino games, and one of the best sportsbooks, making JACKBIT the hub for most casino and gambling lovers.

Along with diverse and engaging games, JACKBIT, the no KYC crypto casino, has the best crypto sportsbook that has 82,000+ live events monthly, 75,000+ pre-match events monthly, 4500+ betting free spins, and 140+ sports types. Talking about the bonuses and promotions, JACKBIT offers the best welcome bonus with no wagering free spins, tournaments, rakeback, VIP club offers, and many more.

CLAIM 100 FREE SPINS + 30% RAKEBACK—ZERO KYC REQUIRED!

Moreover, JACKBIT no verification casino is a multiple-currency casino that provides fiat as well as cryptocurrencies. The registration and account creation of this no ID verification casino are simple, with no KYC verification procedures. Furthermore, the license from the Curacao Gaming Control Board ensures that JACKBIT, the no KYC crypto casino, is a reliable casino platform with transparent and safe services.

Pros And Cons Of JACKBIT

Before you enter the world of casinos, it is important to understand the advantages and disadvantages the platform holds. Similar to any form of entertainment casino also comes with its own set of pros and cons. Although you have analyzed the key features and attractions of JACKBIT in the earlier section, let’s have a closer look at its pros and cons.
Pros
- Provides engaging 7000+ casino games and the best crypto sportsbook.
- Offers an attractive welcome bonus with no wagering requirements.
- With no KYC requirements, JACKBIT safeguards the anonymity and privacy of its users.
- With crypto and fiat transaction options, JACKBIT, the no KYC crypto casino, offers instant and lightning-fast transactions.
- Has a wide range of bonuses, including a rakeback VIP Club.
Cons
- Not all games offered by JACKBIT, the no KYC crypto casino, are available in every region.
- Beginners might feel slight confusion and technical challenges, especially during crypto transactions.
How To Join JACKBIT No KYC Casino

As mentioned in the earlier section, the registration procedures of JACKBIT, the best no KYC casino, are easy, fast, and hassle-free. As the platform is free of KYC verifications, players can enter the casino straight away without providing sensitive and personal information. The complete guide to joining JACKBIT is as follows:

1.   Visit the official website of JACKBIT

As the first step, you have to visit the official website of JACKBIT. Go through the terms and conditions and rules provided by the casino and ensure that they suit your needs. Once you have finalized the platform, click on the “Log In” or “Register” option located in the top right corner of the screen.

2.   Create your account

Once you click the Register icon, you will be asked to provide certain details, including your email address, a secure password, the country you reside in, and your preferred currency. After providing these details, agree to the terms and conditions and proceed with account creation.

3.   Make your first deposit

After activating your account, you must make the first deposit to continue with the games. To do this, head to the “wallet” section and select the deposit method of your choice. JACKBIT offers multiple payment options, including cryptocurrencies, Mastercard, Visa, Apple Pay, Google Pay, and more.

4.   Enjoy your games and win big

Once the first deposit is completed, you can navigate to the casino or sportsbook section and choose the game of your choice. Start playing and earn big wins through safe and responsible gambling.

Best No KYC Casino: Games Offered By JACKBIT

JACKBIT offers a wide range of casino games and a crypto sportsbook for its players. With over 7000+ casino games, JACKBIT no verification casino ensures that all its players, whether beginners or experts, gain a premium gaming experience with safety and transparency. This platform makes iGaming engaging with a diverse category of games. Some of the popular ones include:

Casino Slots
Casino slots are one of the most engaging and exciting categories of games available at JACKBIT. In the 6,000+ casino games offered by this platform, diverse slots will be the most popular ones. Moreover, you will find different types of slot games including Gates of Olympus, Candy Rush, Sweet Bonanza, Fat Banker, and Wanted Dead or a Wild. So, with multiple options, the no KYC casino slots at JACKBIT make your gaming experience engaging and exciting.

Live Casino Games
A wide variety of live casino games is a standout feature of JACKBIT, making it an engaging platform. This best no KYC casino has an excellent collection of 248 live dealer games. With card and table games, the live dealers at JACKBIT offer a gaming experience that just makes the players feel like a real casino.

Whether it be Bitcoin Baccarat, Online roulette, or Bitcoin Blackjack, JACKBIT has everything in store for you. With a wide variety of live casino games, this best no KYC casino ensures that every player, beginner as well as experts, enjoy this platform.

Poker
Poker games, whether it be video poker or table poker, JACKBIT has an extensive collection of these varieties. With instant and fast blockchain-based payments, the poker games can be enjoyed without delays or distractions. Some popularly chosen poker varieties at JACKBIT, the no verification casino, include Caribbean Stud Poker, Teen Patti, Caribbean Poker, Casino Holdem, Jacks or Better, Oasis Poker, and Texas Hold’em Poker 3D.

Exclusive Mini Games
Along with table games, blackjack, baccarat, roulette, and more, JACKBIT also offers a wide range of mini games. Most of these mini-games are fast, funny, and engaging crash games that offer instant results. The popular mini games offered by JACKBIT include Dino, Aero, SpeedX, Chicken, and so on.

GRAB 30% RAKEBACK + 100 FREE SPINS—NO KYC, INSTANT PAYOUT!

JACKBIT Bonuses And Promotions
Gambling is gaining more and more importance these days. More than just entertainment, casino gambling has become a part of the everyday life of most gamblers. So, most of them search for the best benefits for the deposits they make. One of the leading and renowned no KYC casinos of 2025, JACKBIT has a diverse store of bonuses and promotions, elevating the gaming experience and winning possibilities of every player.
- Welcome Casino Bonus
Bonus of 30% Rakeback + 100 Free Spins + No KYC
No wagering 100 free spins for every player who makes a first deposit of $50 or more. This bonus can be activated within 24 hours of the first deposit using a FreeSpin promo code, “WELCOME.”
- Other Casino Bonuses
  - Tournaments
    Exclusive tournaments like Play Big, Win Bigger, offer tempting prize pools and free spins. These tournaments ensure 1000 free spins daily and an exciting prize pool of $10,000 weekly.
- Drops & Wins
  This is a Network Promotion by Pragmatic Play. It includes 48 and 7-day tournaments. The expected prize pool of the entire Network Promotion is €24,000,000, and the total expected prize pool of each stage of the Network Promotion is €2,000,000.
- JACKBIT Sports Bonuses
  - NBA Playoffs
    Place a minimum bet of $10 on the NBA playoffs and earn 10% cashback of a maximum of $100.
- Sports Welcome Bonus
  This is a 100% no-risk bonus. The minimum stake to qualify for the bonus is $20, and the maximum bonus amount is $100.
- 3+1 FreeBet
  In this bonus, the 4th ticket will be free and offered as a gift. So, to qualify, players have to place 3 bets and will get the 4th bet for free and unlimited.
- Other JACKBIT bonuses
  - Rakeback VIP Club
    This bonus offers various benefits for VIP club members, including faster accumulation of points, instant rakeback, diverse and special games and sports, and so on.
- Social Media Bonuses
  Special bonuses and rewards are offered to those who join the socials of JACKBIT.
JOIN JACKBIT TODAY FOR 30% RAKEBACK & 100 SPINS—KYC-FREE!

Payouts And Transactions At JACKBIT No KYC Casino

JACKBIT ensures that all the transaction needs of its players are addressed without fail. So, this platform provides a multiple-currency system. Whether you are a crypto enthusiast who chooses fast flashing transactions or someone who seeks fiat options, JACKBIT has both options tailored for you.

As JACKBIT accepts 17 cryptocurrencies, most players choose to deposit and withdraw money through this method. Almost all the major cryptocurrencies like Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Binance, Tether, Solana, Shiba, and others are accepted on this platform.

As mentioned, JACKBIT has fiat payment options for those who do not opt for cryptocurrencies. This no KYC casino offers 24 different fiat deposit methods, including Mastercard, Apple Pay, Google Pay, Visa, Skrill, Neteller, Pix, bank transfer, and so on. However, remember, while crypto transactions offer a no KYC option, fiat payments ight need KYC verification. Moreover, fiat options cannot be used for withdrawals, as to take out the winnings, players have to choose between any cryptocurrencies.

Self-Exclusion Tools Offered By JACKBIT
A reputable no KYC casino, JACKBIT, values the safety of its players. So, the best no KYC casino offers multiple options that allow players to play safely and responsibly. Some of the self-exclusion methods offered by JACKBIT are:
- Account limits: This is a method that helps players set daily, weekly, or monthly deposit limits for their accounts.
- Time-out periods: JACKBIT allows players to take short breaks from gambling for 24 hours, 72 hours, or a couple of days to avoid addictions.
- Self-Exclusion: If a player has more serious issues or addiction, JACKBIT helps those players exclude themselves from gambling for an extended period from 6 months to 5 years.
Is JACKBIT A Trustworthy No KYC Casino In 2025?

Wondering whether JACKBIT is a trustworthy platform or not? You are not alone. Although JACKBIT is a popular no KYC casino and one of the best casino platforms available in 2025, it is normal to have doubts about the reputation of the platform. Even though casinos come with certain inherent risks, JACKBIT casino without KYC, reduces them to a certain extent with its reputation, license, and fairness. In this section, let’s have a detailed look at how safe and reliable this no KYC casino is.

License and reputation

The first and foremost thing that ensures the reliability of JACKBIT, the best no KYC casino, is the license and certification it holds. According to official data, this casino without KYC is licensed by the Curacao Gaming Control Board. This anonymous casino is one of the most reputable and recognized organizations in the gambling landscape. So, as licensed by this organization, JACKBIT functions under a set of rules and laws recognized by it. So, we can ensure that JACKBIT is a reliable and trustworthy casino platform.

Provably Fair Gameplay

JACKBIT is a no KYC casino that includes over 2000+ renowned game providers. Some of the most popular ones include BGaming, AvatorUX, Apollo Play, Backseat Gaming, Booming Gaming, and more. Moreover, this anonymous casino platform follows the provably fair gameplay and works on a certified Random Number Generator (RNG) system, making things more transparent and fair.

Transparent payment facilities

The diverse cryptocurrency transaction facilities ensure that JACKBIT anonymous casino follows a transparent payment facility. Despite the instant deposits and withdrawals, the transaction speed and blockchain-based payment confirm that the transactions will be conducted within seconds or minutes without any unnecessary distractions.

Players’ experience

At JACKBIT, the experience of the players is the most valued. In order to ensure that all its players enjoy their gaming, the platform offers a minimal and easy-to-navigate interface with a clutter-free website. Moreover, JACKBIT no verification casino has a well-optimized website that works well on both desktop as well as mobile devices. Furthermore, this no KYC casino has a 24/7 live chat facility that works to address and rectify all the issues and concerns of its players.

JACKBIT Casino Conclusion: The Best No KYC Casino In 2025

As we reach the conclusion of this review about JACKBIT, it is clear that this no KYC casino is one of the best casinos available in 2025. This platform opens a wide array of exciting, fun, and engaging games along with noteworthy bonuses for its users. One of the best crypto sportsbooks is also available on JACKBIT.

The total casino games, sports, and others offered by this platform exceeds 7000 in number. Among these, over 6000+ are casino games from different categories such as poker, table games, instant wins, slots, and so on. You have also come across the diverse and beneficial bonuses and promotions, ranging from welcome bonuses to tournaments and cashbacks.

The safety and transparency maintained by JACKBIT also make it the best no KYC casino in 2025. With 17+ cryptocurrencies and other transaction methods, JACKBIT offers no KYC registration and payment facilities.

So, the personal data collected by this platform is less compared to traditional casinos. Moreover, the games included in this casino are RNG-certified and follow provably fair gameplay. The Curacao license that JACKBIT owns also confirms that the casino is reliable and follows officially recognized laws and frameworks.

So, altogether, JACKBIT had succeeded in proving its safety and reliability, making it one of the best and most trusted no KYC casinos of 2025. Now, the ball is in your court. It’s you, the players, who have to identify the potential benefits and bonuses of the platform and play ideally to earn significant rewards. So, responsibly and safely. Sometimes you might be a spin away from your jackpot.

ACTIVATE YOUR 30% RAKEBACK + 100 FREE SPINS—START WINNING!

FAQ’s About Best No KYC Casino 7Bit

Does JACKBIT require KYC verification?

JACKBIT allows players to engage in the diverse games offered on this platform without a KYC verification. However, the platform may ask for KYC verification while using fiat transactions.

Is JACKBIT a legal no KYC casino?
Yes. JACKBIT is a legal no KYC casino with a license from the Curacao Gaming Control Board. However, the legality and regulations of the casino differ depending on the region from which you access it.

Does JACKBIT offer a mobile app?

As JACKBIT has a well-optimized website that suits all devices, the casino does not need a separate mobile application.

Is a VPN needed to use JACKBIT?

A VPN is not mandatory to use JACKBIT. However, this casino is a VPN-friendly platform.

How does JACKBIT handle players’ personal data?

JACKBIT has advanced encryption methods and no KYC registration facilities, which help safeguard the user data easily and effectively.

Email: support@jackbit.com

Legal Disclaimer

This content is for informational purposes only and not legal, financial, or gambling advice. Ensure compliance with local gambling laws. No warranties are made regarding accuracy. Readers are responsible for verifying information and ensuring legal compliance. Gambling may be restricted in some regions.

Affiliate Disclosure

Some links may be affiliate links, earning a commission at no cost to you. Recommendations are based on objective evaluation, and partnerships do not influence conclusions.

Disclaimer: This press release is provided by the Jackbit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39a4bb9e-6ef6-487b-93b8-2fedae326e5e

The MIL Network –
April 30, 2025
MIL-OSI: Synchronoss Technologies Announces the Successful Completion of Debt Refinancing

Source: GlobeNewswire (MIL-OSI)

BRIDGEWATER, N.J., April 29, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, announced that it has entered into an agreement with TP Birch Grove to refinance its existing senior notes and term loan facilities with a new $200 million, four-year term loan, extending the maturity of its debt and further enhancing the Company’s financial flexibility.

Proceeds from the Term Loan will be used to repay the remaining $73.6 million principal of the original $75 million term loan facility and the $121 million remainder of the senior notes. The company will use approximately $8 million in funds off its balance sheet to complete the transaction, including fees, call protection payments, and accrued interest.

The Term Loan carries a maturity date of April 24, 2029, and is priced at SOFR plus 700 basis points, with one 50bps leverage-based stepdown. TD Cowen served as Exclusive Financial Advisor for the term loan refinancing.

“We’re pleased to announce the successful completion of our new term loan facility, which allows us to retire our senior notes and extend the maturity of our debt obligation until 2029. This eliminates the near-term overhang associated with the now-retired senior notes and adds to the financial stability of the Company,” said Lou Ferraro, Chief Financial Officer of Synchronoss. “This refinancing significantly improves our capital structure, which in turn provides Synchronoss with the ability to further invest in our Personal Cloud solution as well as provide greater operational flexibility moving forward. Considering the volatility surrounding the financial markets at this time, we’re pleased to provide shareholders with an additional level of certainty in our operations. We’re also once again grateful to TP Birch Grove, who also led our $75 million term loan refinancing in 2024, and TD Cowen for their outstanding partnership and support throughout the process.”

TD Cowen acted as Exclusive Financial Advisor to Synchronoss. Kirkland & Ellis, LLP served as legal counsel to Synchronoss. Cahill Gordon & Reindel LLP served as legal counsel to TP Birch Grove.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Ryan Gardella
ICR for Synchronoss
SNCRIR@icrinc.com

The MIL Network –

April 30, 2025

MIL-OSI: ACM Research Announces Preliminary Unaudited Revenue and Shipments for the First Quarter 2025

Source: GlobeNewswire (MIL-OSI)

Coincides with Release of ACM Shanghai First Quarter 2025 Results
ACM Reaffirms 2025 Revenue Outlook

FREMONT, Calif., April 29, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announces expectations for preliminary unaudited revenue and total shipments for the first quarter of 2025. Today’s release coincides with the as-scheduled release of unaudited financial results by ACM Research (Shanghai), Inc., ACM’s principal operating subsidiary (“ACM Shanghai”), to the Shanghai Stock Exchange website [link to China Disclosure].

ACM will discuss its full financial results for the first quarter 2025 and its revenue outlook for the remainder of the year on its earnings call on Thursday, May 8, 2025, at 8 a.m. Eastern Time (8 p.m. China Time).

ACM announces the following:

preliminary unaudited revenue for the first quarter of 2025 is expected to be in the range of $165 million to $170 million, which would represent year-to-year growth of 8.4% to 11.7%.
preliminary total shipments for the first quarter of 2025 are expected to be in the range of $154 million to $157 million, which would represent a year-to-year decrease of 36% to 37%. This decrease is due in part to customer pull-ins in the fourth quarter of 2024, which contributed to stronger total shipments for that period. For reference, combined total shipments for the fourth quarter of 2024 and the first quarter of 2025 are expected to grow by 8% to 9% versus the prior year periods. We anticipate a return to year-on-year growth in total shipments for the second quarter of 2025.
re-affirms full year 2025 revenue outlook in the range of $850 million to $950 million, which would represent year-to-year growth of 9% to 21%.

Actual unaudited first quarter 2025 results are subject to the completion of ACM’s quarter end closing procedures and review by ACM’s independent registered public accounting firm.

ACM currently owns an 81.1% equity interest in ACM Shanghai, and a substantial majority of ACM’s consolidated revenue and net income is contributed by ACM Shanghai. The stand-alone financial results of ACM Shanghai are reported in RMB as prepared in accordance with Chinese generally accepted accounting principles, and those results will differ, potentially materially, from ACM’s consolidated revenue and net profit for the period, which will reflect additional financial and operational items and will be prepared in U.S. dollars in accordance with U.S. generally accepted accounting principles.

About ACM Research, Inc.

ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

Forward-Looking Statements

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

© ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, this trademark appears in this press release without a ™ symbol, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to such trademark.

For investor and media inquiries, please contact:

In the United States:	The Blueshirt Group
	Steven C. Pelayo, CFA
	+1 (360) 808-5154
	steven@blueshirtgroup.co

In China:	The Blueshirt Group Asia
	Gary Dvorchak, CFA
	+86 (138) 1079-1480
	gary@blueshirtgroup.co

The MIL Network –

April 30, 2025

MIL-OSI: Aemetis to Benefit From EPA’s Approval of 15 Percent Ethanol Blend

Source: GlobeNewswire (MIL-OSI)

CUPERTINO, Calif., April 29, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a diversified global renewable natural gas and biofuels company, announced today that the U.S. Environmental Protection Agency (EPA) issued a waiver allowing a 15 percent blend of ethanol (E15) to continue to be sold after May 1st which will benefit the company through increased demand and sales of the renewable fuel nationwide. The average blend of ethanol in the U.S. in 2024 was 10.4% and 14.2 billion gallons. The adoption of E15 allows up to a 50% increase in the market for ethanol in the U.S.

“The EPA’s action allowing nationwide E15 sales to continue is a significant step toward increasing the demand for ethanol and has broad support for permanent approval from the President, as well as numerous members of Congress,” stated Eric McAfee, Chairman and CEO of Aemetis. “Permanent national approval of E15 would allow the demand for ethanol to grow as consumers nationwide benefit from lower-cost, domestic, renewable fuel that lowers the price of gasoline and supports rural communities with good jobs throughout the country.”

The EPA has indicated its intent to ensure that E15 remains available throughout the summer driving season. The EPA’s action applies throughout the United States, except California. The E15 blend is expected to help American drivers save money at the pump, reduce carbon emissions, strengthen rural economies, and enhance U.S. energy independence, according to the Renewable Fuels Association.

California is now the only state in the US that has not approved the E15 blend and typically has the highest average gasoline prices nationwide. To address the situation, Governor Gavin Newsom earlier this year issued a letter to the California Air and Resources Board (CARB) requesting completion of the study required to adopt E15 in California.

The adoption of a 15 percent ethanol blend in California is projected to create more than 600 million gallons per year of new biofuels demand and save consumers an estimated twenty cents per gallon, or approximately $2.7 billion at the pump each year, according to a UC Berkeley and US Naval Academy study. Californians would also benefit from reduced greenhouse gas emissions from the increased use of ethanol, and reduced exposure to benzene and other carcinogens in gasoline.

Senate Bill 2707, the “Nationwide Consumer and Fuel Retailer Choice Act,” was recently introduced into the U.S. Congress by 14 senators. This bill proposes the permanent sale of year-round E15 throughout the United States, except in states such as California that have their own fuel regulations. The E15 blend is approved for use in more than 95 percent of vehicles on the road today, according to the EPA.

About Aemetis

Headquartered in Cupertino, California, Aemetis is a renewable natural gas and biofuels company focused on the operation, acquisition, development, and commercialization of innovative technologies that support energy independence and security. Founded in 2006, Aemetis operates and is expanding a California biogas digester network and pipeline system to convert dairy waste into renewable natural gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that also supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year biofuels facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel biorefinery and a carbon sequestration project in California. For additional information about Aemetis, please visit www.aemetis.com.

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results; statements related to the development, engineering, financing, construction, timing, and operation of biodiesel, biogas, sustainable aviation fuel, CO2 sequestration, and other facilities; our ability to promote, develop, finance, and construct such facilities; and statements about future market demand and market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to many risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to government policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

Company Investor Relations
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com

External Investor Relations
Contact:
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com

The MIL Network –

April 30, 2025
MIL-OSI: Rate Launches ‘Rate Portfolio’ to Deliver Flexible Mortgage Financing Solutions for Modern Borrowers
Source: GlobeNewswire (MIL-OSI)

CHICAGO, April 29, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, today announced the launch of Rate Portfolio, a suite of flexible mortgage products created to meet the needs of today’s increasingly diverse borrower landscape. Rate Portfolio offers customized financing solutions that move beyond rigid income qualifications and traditional lending limitations, enabling more people to realize their homeownership goals.

Rate Portfolio reflects a significant step forward in Rate’s product strategy, designed specifically for self-employed individuals, small business owners, freelancers, property investors, and other well-qualified borrowers whose financial profiles don’t align with conventional standards.

“At Rate, we think that homeownership should be accessible to well-qualified borrowers, regardless of how their income is structured,” said Shant Banosian, President of Rate. “Rate Portfolio lets us serve entrepreneurial borrowers with lending solutions tailored to their unique financial situations.”

The suite includes four primary offerings:
- Rate Portfolio Self-Employed – Accepts flexible income documentation to qualify on business cash flow
- Rate Portfolio Assets – Allows qualification based on assets alone or to supplement other types of income
- Rate Portfolio Investor – Qualifies solely on property cash flow
- Rate Portfolio Buy Before You Sell – Enables a new home purchase without needing to sell a current home first
These custom loan products offer significant advantages in a competitive purchase market, giving buyers tools to make non-contingent offers and move quickly without traditional financing roadblocks.

“We’ve listened to the market and built Rate Portfolio to serve the real-world needs of modern borrowers,” said Kate Amor, EVP, Head of Enterprise Products at Rate. “From property investors and sole proprietors, to entrepreneurs and gig workers, or borrowers with significant assets, Rate Portfolio unlocks common-sense financing options that weren’t previously accessible to hardworking Americans through traditional lending channels.”

According to recent data, investment purchases by small and mid-sized investors represented roughly 25% of U.S. home sales last year, demonstrating the growing need for products like Rate Portfolio Investor. Additionally, the self-employed and gig economy workforce is expanding faster than the overall labor force, requiring lenders to rethink how creditworthiness is evaluated.

As borrower profiles and income structures continue to shift, lenders who offer responsible and common-sense financing solutions stand out. Rate Portfolio is built around this philosophy—accommodating each borrower’s unique and often complex financial situation to make homeownership more accessible for well qualified borrowers.

To learn more, please visit: https://rate.com/lp/rate-portfolio

About Rate

Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

Press Contact

press@rate.com

The MIL Network –
April 30, 2025

MIL-OSI: Northstrive Biosciences Strengthens IP Portfolio with New US Patent Filings for EL-22 and EL-32 Programs Covering Obesity and Animal Health

Source: GlobeNewswire (MIL-OSI)

NEWPORT BEACH, Calif., April 29, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), today announced the filing of four novel patent applications for its two candidates EL-22 and EL-32. These patent applications cover the animal market, as well as treating muscle loss in obese patients, both as standalone and combination therapies alongside GLP-1 receptor agonists.

The Company filed the following four patents today:

EL-22 in Animals: Fusion Protein of Myo-2 for Use in Encouraging Muscle Growth in Animals (Patent Application No. 19/191,246).
EL-32 in Obesity as Monotherapy and Combination with GLP-1: Updated patent filings for Pharmaceutical Composition for Treatment of Muscle Loss Due to Obesity Treatments (Patent Application No. 19/191,209), and Combination Therapy for Treatment of Muscle Loss Due to Obesity Treatments utilizing GLP-1 receptor agonists (Patent Application No. 19/191,226).
EL-32 in Animals: Animal Feed Additive to Encourage Muscle Growth (Patent Application No. 19/191,258).

The Company believes these newly filed patent applications support the development of Northstrive’s engineered probiotic platform, designed to advance human obesity care by preserving muscle mass while reducing fat mass, with additional potential applications in animal health.

“We believe that EL-22 and EL-32 have the potential to treat obesity in combination with GLP-1 receptor agonists, while also serving as the foundation to a potential range of animal health products”, said Deniel Mero, Co-Founder of Northstrive. “These patent applications strengthen our IP portfolio as we advance on our mission transform the standard of care for obesity and break into the animal health market.”

Northstrive’s patent portfolio now includes 8 patent applications and 5 issued patents that provide adequate protection in focus markets, including the USA, Japan, China and Korea.

Licensed Product / Nation	Patent Application Serial No.	Title:
EL-32 USA	US 18/627,462	Pharmaceutical composition for alleviation, treatment, and prevention of sarcopenia containing microorganism transformed with cell surface display vector operably linked with gene encoding myostatin and activin A proteins as active ingredient
EL-32 Korea	10-2022-0136606	A pharmaceutical composition for alleviation, treatment and prevention of sarcopenia containing a microorganism transformed with a vector expressing myostatin and activin A on the cell surface as an active ingredient
EL-22 USA	US 18/895,501	Fusion Protein of Myo-2 for Use in Treating Muscle Loss in Obese Patients
EL-22 USA	US 18/895,519	Combination Therapy of a Fusion Protein of Myo-2 with a GLP-1 Receptor Agonist for Use in Treating Muscle Loss in Obese Patients
EL-22 (Animals) USA	US 19/191,246	Fusion Protein of Myo-2 for Use in Encouraging Muscle Growth in Animals
EL-32 USA	US 19/191,209	Pharmaceutical Composition for Treatment of Muscle Loss Due to Obesity Treatments
EL-32 USA	US 19/191,226	Combination Therapy for Treatment of Muscle Loss Due to Obesity Treatments utilizing GLP-1 receptor agonists
EL-32 (Animals) USA	19/191,258	Animal Feed Additive to Encourage Muscle Growth

Patent No.	Registration No.	Title:
EL-22 Korea	10-0857861-0000	Surface Expression Vector for Fusion Protein of Myo-2 Peptide Multimer and Myostatin, and Microorganism Transformed by Thereof
EL-22 Korea	10-0872042-0000	Cell Surface Expression Vector of Myostatin and Microorganisms Transformed Thereby
EL-22 USA	US 8470551	Surface Expression Vector for Fusion Protein of Myo-2 Peptide Multimer and Myostatin, and Microorganism Transformed by Thereof
EL-22 Japan	US 5634867	Surface Expression Vector for Fusion Protein of Myo-2 Peptide Multimer and Myostatin, and Microorganism Transformed by Thereof
EL-22 China	ZL200780101116.2	Surface Expression Vector for Fusion Protein of Myo-2 Peptide Multimer and Myostatin, and Microorganism Transformed by Thereof

About Northstrive Biosciences Inc.

Northstrive Biosciences Inc., a PMGC Holdings Inc. company, is a biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Northstrive’s lead asset, EL-22, leverages an engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.

About PMGC Holdings Inc.

PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

Forward-Looking Statements

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

IR Contact:
IR@pmgcholdings.com

The MIL Network –

April 30, 2025

MIL-OSI: Employ’s Latest Report on Job Seeker Insights Helps Recruiters Fine-Tune Processes, Personalize Outreach and Stay Ahead of Hiring Trends
Source: GlobeNewswire (MIL-OSI)

DENVER, April 29, 2025 (GLOBE NEWSWIRE) — Employ Inc., the market-leading intelligent hiring suite, announces today the release of the 2025 Job Seeker Nation report, providing a data-driven look into how job seekers perceive the market, candidates’ perspectives on AI, what makes employees leave or stay, what workers value in a role, how to win over candidates in a job search, and workers’ opinions on compensation.

The annual report, this year titled “Job Market Truths—What’s Driving Candidates in 2025,” gathered responses from 1,500+ US adults, capturing a diverse range of individuals who are currently employed full-time, part-time, or actively seeking work. Findings reflect both year-over-year comparisons to 2024 data and insights from new questions introduced in 2025, particularly around AI usage, trust in the hiring process, and candidate communication preferences.

“The hiring landscape remains volatile, and today’s talent environment demands more agility and insight than ever before,” said Stephanie Manzelli, Chief Human Resources Officer, Employ. “We’ve seen recruiting teams navigate everything from mass layoffs to widespread burnout—and it’s clearer than ever that understanding what candidates expect and value is essential to building resilient, high-performing teams. The 2025 Job Seeker Nation report offers critical intelligence into candidate sentiment—ranging from job satisfaction and openness to new roles, to communication preferences and flexibility needs—equipping hiring teams with the data they need to engage smarter, act faster, and deliver stronger outcomes.”

This year’s report reveals critical insights into what candidates value most—insights that today’s recruiters can use to gain a competitive edge. With 66 percent of job seekers reporting burnout, there’s a clear opportunity for hiring teams to stand out by creating a more thoughtful, human-centered candidate experience. In a market shaped by layoffs, economic uncertainty, and evolving expectations, one truth remains: putting people first is not just a best practice—it’s a strategic advantage.

“The skills market can feel a lot like matchmaking—every hiring manager is looking for something different,” said Tim Sackett, Talent Acquisition & HR Analyst, HRU Technical Resources. “As a recruiter, the challenge isn’t reshaping candidates to fit shifting expectations but recognizing and championing the strengths that make them stand out. Focus on what candidates are genuinely great at and passionate about. When you align talent with opportunity—not just requirements—you’ll find better fits and better outcomes.”

Additional findings from the report:

How Job Seekers Perceive Today’s Market
- Fewer respondents now say it’s easy to find a new job (44 percent, down from 50 percent), and confidence in landing a role within three months has also dipped (56 percent, down from 61 percent).
- While 56 percent believe the current job market favors candidates, 82 percent are worried about a “white-collar recession.”
- Eighty-one percent of respondents believe it’s important to get trained in new technologies like AI in order to secure a job this year, and 89 percent of respondents agree that being able to address skills gaps for employers can improve their odds of moving into a new role this year
Candidate Perspectives on AI
- About one-third of respondents (31 percent) say they’re using AI to support their job search—an increase of 7 percentage points from last year.
- AI usage is notably higher among candidates in desk-based or white-collar roles, especially those in software/technology/IT (50 percent) and finance/insurance/accounting (47 percent).
- Most respondents (58 percent) trust HR pros more than AI to guide them through the hiring journey, and 61 percent see potential for AI to help reduce bias during that process.
Motivations for Leaving a Job (or Staying)
- Eighty-two percent of respondents said they were either very or somewhat satisfied with their current job, yet 85 percent were open to other opportunities.
- Nearly half (42 percent) reported they were actively looking for a new job.
- Other than higher compensation, the top two responses for why respondents are actively looking for a new job included career advancement (53 percent) and more work flexibility or remote opportunities (46 percent), with better company leadership (33 percent) and better company culture (32 percent) also resonating.
What Candidates Value in a Role Today
- Twenty percent would decline a job if it required full-time, on-site work, and 63 percent say remote work is at least somewhat important when considering whether to accept or decline an offer.
- Among candidates who had declined a job offer in the last 12 months—nearly 40 percent cited limited career advancement or poor location/geography as the reason.
- Thirty-six percent of respondents reported having left a job in the first 90 days due to a “mismatch in hiring process,” or a disconnect between what they were told while interviewing and the reality of the role once they were on the job.
Winning Candidates Over During the Job Search
- Nearly three-quarters (71 percent) of respondents expect the application process to take less than 30 minutes, and 35 percent said they would abandon an application if it took too long.
- Among candidates who interacted with a chatbot during recruitment, 66 percent said it either somewhat or significantly improved their experience.
- When asked what has the greatest impact on a candidate’s impression of a company during the interview process, the top response by far was an easy application process, selected by 43 percent of respondents.
How Candidates Feel about Compensation (Is it Fair?)
- Eighty percent of respondents said the salary offer for their current or most recent role met or exceeded their expectations.
- Meanwhile, 48 percent of respondents noticed increased salaries for job postings similar to their current role.
- Thirty-seven percent of respondents said they had negotiated their salary—up from 29 percent in 2017 and in almost 80 percent of negotiations, candidates report winning higher pay, and two-thirds of those received increases between 5 and 10 percent.
Candidate Perspectives on AI
- About one-third of respondents (31 percent) say they’re using AI to support their job search—an increase of 7 percentage points from last year.
- AI usage is notably higher among candidates in desk-based or white-collar roles, especially those in software/technology/IT (50 percent) and finance/insurance/accounting (47 percent).
- Most respondents (58 percent) trust HR pros more than AI to guide them through the hiring journey, and 61 percent see potential for AI to help reduce bias during that process.
For more insights into evolving workforce expectations, download the full 2025 Job Seeker Nation Report and register for Employ’s upcoming webinar on May 13, 2025, at 2 p.m. ET. Moderated by Stephanie Manzelli, Chief Human Resources Officer at Employ, the session will feature expert perspectives from Madeline Laurano (Aptitude Research), Allie Wehling (Cisco), and Neil Lenane (Progressive).

About Employ Inc:
Employ delivers people-first recruiting solutions that empower companies to overcome their greatest hiring challenges. From startups to Fortune 100 organizations, Employ meets companies where they are—offering tailored solutions that support everything from foundational hiring to advanced talent acquisition strategies. Employ is the only organization to offer companies choice in their hiring technology, providing three unique ATS solutions (JazzHR, Lever, and Jobvite) and AI companions. Our intelligent hiring suite is trusted by more than 23,000 customers across multiple industries. For more information, visit www.employinc.com.

Employ Media Contact:
Kalyn Stebbins
Kalyn.stebbins@employinc.com
317-440-8425

The MIL Network –
April 30, 2025

MIL-OSI: Franklin Electric Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

First Quarter 2025 Highlights

Consolidated net sales of $455.2 million, a decrease of 1% to the prior year
Energy Systems net sales increased 8% while Water Systems net sales were up less than 1% and Distribution net sales declined 3%
Operating income was $44.1 million with operating margin of 9.7%
GAAP fully diluted earnings per share (EPS) was $0.67

FORT WAYNE, Ind., April 29, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2025.

First quarter 2025 net sales were $455.2 million, compared to first quarter 2024 net sales of $460.9 million. First quarter 2025 operating income was $44.1 million, compared to first quarter 2024 operating income of $47.9 million. First quarter 2025 EPS was $0.67, versus EPS in the first quarter 2024 of $0.70.

“Our underlying businesses performed largely as expected in the first quarter. Order trends remain positive, supporting a robust backlog as we enter the second quarter. Furthermore, strong performance in our Energy Systems segment helped offset unfavorable weather impacting our Distribution business, underscoring the value of our diversified global portfolio. One-time expenses associated with our executive transition and recent acquisitions presented earnings headwinds during the quarter, but our operating strength was clear,” commented Joe Ruzynski, Franklin Electric’s CEO.

“During the quarter, we continued to invest in growth by completing two acquisitions, in line with our value creation framework. We look forward to deploying our integration playbook and enhancing the margin profiles of these great businesses. Despite uncertainty in the macroeconomic environment and potential tariffs, we are confident in Franklin Electric’s competitive position with strong brands, leading service, and a healthy operating footprint as we continue to execute our strategic priorities,” concluded Mr. Ruzynski.

Segment Summaries

Water Systems net sales were $287.3 million in the first quarter, an increase of $0.7 million or less than 1 percent compared to the first quarter of 2024. Results were driven by the incremental sales impact of recent acquisitions and higher sales of groundwater products, water treatment products and large dewatering pumps. These sales increases were partially offset by the negative impact of foreign currency translation and lower sales of all other surface products. Water Systems operating income in the first quarter of 2025 was $43.4 million. First quarter 2024 Water Systems operating income was $47.1 million.

Distribution net sales were $141.9 million, a decrease of $5.1 million or 3 percent compared to the first quarter 2024. Sales decreases were driven by lower volumes and continued negative pricing. The Distribution segment operating income in the first quarter 2025 was $2.1 million. First quarter 2024 Distribution operating income was $1.8 million.

Energy Systems net sales were $66.8 million in the first quarter 2025, an increase of $4.7 million or 8 percent compared to the first quarter 2024. Sales increases were driven by higher volumes and price realization. Energy Systems operating income in the first quarter of 2025 was $21.9 million. First quarter 2024 Energy Systems operating income was $18.8 million.

Cash Flow

Net cash flows used in operating activities for the first quarter of 2025 were $19.5 million versus $1.4 million in the same period in 2024.

2025 Guidance

The Company is maintaining its guidance for full year 2025 sales to be in the range of $2.09 billion to $2.15 billion and reducing the low end of its earnings guidance and now expects full year 2025 EPS to be in the range of $3.95 to $4.25.

Earnings Conference Call

A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first quarter 2025 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

https://edge.media-server.com/mmc/p/yzximy3p

For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.

https://register-conf.media-server.com/register/BI5cb1cdcef9da4de38184396c5211b443

All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

A replay of the conference call will be available from Tuesday, April 29, 2025, through 9:00 am ET on Tuesday, May 6, 2025, by visiting the listen-only webcast link above.

Forward Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, changes in tariffs or the impact of any such changes on the Company’s financial results, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

About Franklin Electric

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.

Franklin Electric Contact:

Russ Fleeger
Franklin Electric Co., Inc.
InvestorRelations@fele.com


FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

(In thousands, except per share amounts)

	First Quarter Ended
	March 31, 2025			March 31, 2024

Net sales	$	455,247		$	460,900

Cost of sales		291,344			297,320

Gross profit		163,903			163,580

Selling, general, and administrative expenses		119,643			115,644

Restructuring expense		159			–

Operating income		44,101			47,936

Interest expense		(1,799	)		(1,448	)
Other income, net		843			706
Foreign exchange expense, net		(1,293	)		(4,880	)

Income before income taxes		41,852			42,314

Income tax expense		10,478			9,222

Net income	$	31,374		$	33,092

Less: Net income attributable to noncontrolling interests		(412	)		(133	)

Net income attributable to Franklin Electric Co., Inc.	$	30,962		$	32,959

Earnings per share:
Basic	$	0.67		$	0.71
Diluted	$	0.67		$	0.70

FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)

(In thousands)

	March 31, 2025		December 31, 2024
ASSETS

Cash and cash equivalents	$	83,994	$	220,540
Receivables (net)		271,688		226,826
Inventories		560,338		483,875
Other current assets		40,627		32,950
Total current assets		956,647		964,191

Property, plant, and equipment, net		236,732		223,566
Lease right-of-use assets, net		60,294		62,637
Goodwill and other assets		675,199		570,212
Total assets	$	1,928,872	$	1,820,606


LIABILITIES AND EQUITY

Accounts payable	$	190,295	$	157,046
Accrued expenses and other current liabilities		125,316		139,989
Current lease liability		18,688		18,878
Current maturities of long-term debt and short-term borrowings		149,730		117,814
Total current liabilities		484,029		433,727

Long-term debt		14,858		11,622
Long-term lease liability		41,382		43,304
Deferred income taxes		32,718		10,193
Employee benefit plans		30,046		29,808
Other long-term liabilities		24,544		22,118

Redeemable noncontrolling interest		1,373		1,224

Total equity		1,299,922		1,268,610
Total liabilities and equity	$	1,928,872	$	1,820,606

FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Three Months Ended
(In thousands)
	March 31, 2025			March 31, 2024
Cash flows from operating activities:
Net income	$	31,374		$	33,092
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization		14,433			13,792
Non-cash lease expense		5,241			5,194
Share-based compensation		4,962			4,042
Other		1,080			4,036
Changes in assets and liabilities:
Receivables		(29,376	)		(43,365	)
Inventory		(43,669	)		(28,105	)
Accounts payable and accrued expenses		(3,744	)		8,576
Operating leases		(5,091	)		(5,305	)
Other		5,322			6,681

Net cash flows from operating activities		(19,468	)		(1,362	)

Cash flows from investing activities:
Additions to property, plant, and equipment		(6,836	)		(9,184	)
Proceeds from sale of property, plant, and equipment		397			102
Acquisitions and investments		(109,687	)		(1,151	)
Other investing activities		9			17

Net cash flows from investing activities		(116,117	)		(10,216	)

Cash flows from financing activities:
Net change in debt		20,366			11,397
Proceeds from issuance of common stock		1,438			4,050
Purchases of common stock		(6,902	)		(9,047	)
Dividends paid		(13,160	)		(12,395	)
Deferred payments for acquisitions		(4,300	)		(348	)

Net cash flows from financing activities		(2,558	)		(6,343	)

Effect of exchange rate changes on cash and cash equivalents		1,597			(1,728	)
Net change in cash and cash equivalents		(136,546	)		(19,649	)
Cash and cash equivalents at beginning of period		220,540			84,963
Cash and cash equivalents at end of period	$	83,994		$	65,314

Key Performance Indicators: Net Sales Summary

	Net Sales
	United States			Latin			Europe, Middle			Asia			Total
(in millions)	& Canada			America			East & Africa			Pacific			Water			Energy			Distribution			Other/Elims			Consolidated

Q1 2024	$172.7			$41.3			$52.3			$20.3			$286.6			$62.1			$147.0			($34.8		)	$460.9
Q1 2025	$175.7			$39.5			$51.5			$20.6			$287.3			$66.8			$141.9			($40.8		)	$455.2
Change	$3.0			($1.8		)	($0.8		)	$0.3			$0.7			$4.7			($5.1		)	($6.0		)	($5.7		)
% Change		2	%		-4	%		-2	%		1	%		0	%		8	%		-3	%					-1	%

Foreign currency translation, net *	($1.3		)	($3.6		)	($1.2		)	($1.0		)	($7.1		)	($0.2		)	$0.0						($7.3		)
% Change		-1	%		-9	%		-2	%		-5	%		-2	%		0	%		0	%					-2	%

Acquisitions	$1.2			$3.1			$0.0			$1.4			$5.7			$0.0			$0.0						$5.7
% Change		1	%		8	%		0	%		7	%		2	%		0	%		0	%					1	%

Volume/Price	$3.1			($1.3		)	$0.4			($0.1		)	$2.1			$4.9			($5.1		)	($6.0		)	($4.1		)
% Change		2	%		-3	%		1	%		0	%		1	%		8	%		-3	%		-17	%		-1	%

*The Company has presented local currency price increases used to offset currency devaluation in the Argentina and Turkey highly inflationary economies within the foreign currency translation, net row above.

Key Performance Indicators: Operating Income and Margin Summary

Operating Income and Margins
(in millions)	For the First Quarter 2025
	Water			Energy			Distribution			Other/Elims			Consolidated
Operating Income / (Loss)	$	43.4		$	21.9		$	2.1		$	(23.3	)	$	44.1
% Operating Income To Net Sales		15.1	%		32.8	%		1.5	%					9.7	%

Operating Income and Margins
(in millions)	For the First Quarter 2024
	Water			Energy			Distribution			Other/Elims			Consolidated
Operating Income / (Loss)	$	47.1		$	18.8		$	1.8		$	(19.8	)	$	47.9
% Operating Income To Net Sales		16.4	%		30.3	%		1.2	%					10.4	%

The MIL Network –

April 30, 2025

MIL-OSI: MoneyHero Group Reports Fourth Quarter and Full Year 2024 Results

Source: GlobeNewswire (MIL-OSI)

Q4 net loss narrowed sharply to US$(18.8) million
Q4 Adjusted EBITDA loss improved to US$(2.9) million

SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the fourth quarter and full year ended December 31, 2024.

Management Commentary:

Rohith Murthy, Chief Executive Officer, stated:

“We closed out 2024 with a robust quarter of financial and operational results, making clear progress on our path towards profitability as we continue to focus on diversifying our revenue mix toward high-margin products, lowering operating expenses, and improving operational efficiency. Net loss narrowed sharply to US$(18.8) million from US$(94.3) million during the same period last year, and Adjusted EBITDA loss during the quarter improved substantially to US$(2.9) million – our best quarterly performance since going public. With registered members and approved applications increasing 42% and 21% year-over-year in 2024, we are confident in our ability to build upon this momentum and regain topline growth momentum with US$100 million in revenue and generate positive adjusted EBITDA on a quarterly basis in the second half of 2025.

In Q2 2024, we outlined five strategic pillars—Consumer Pull, Conversion Expertise, Operating Leverage, Strong Provider Partnerships, and Insurance Brokerage—and we’ve made meaningful progress across all of these. We launched seamless, end-to-end purchasing journeys in Travel and Car Insurance, substantially streamlined our operating model to create a leaner, lower-cost base, deepened banking partnerships following a major provider’s exit from key markets and significantly accelerated our insurance growth through targeted strategic collaborations.

These results directly reflect the impact our ‘efficiency’ strategy is having on building a more focused, resilient, and profitable business. We remain the largest credit card digital acquisition partner for the majority of banks across our geographies and are leveraging this strong market position to strategically broaden our focus toward high-margin verticals to improve revenue quality. Insurance revenue grew 40% in 2024 and now accounts for 10% of total revenue while wealth products revenue grew 138%, driven by strong demand for stock and bank account products. These verticals strengthen our margin profile while generating consistent and recurring revenue streams, both of which are key pillars of long-term sustainability. We also laid the foundation for scalable growth by materially lowering operating expenses and improving unit economics with an optimized cost structure across all markets, streamlined operations, and reduced paid marketing and rewards spend.

Looking ahead to 2025, we will maintain our focus on scaling high-margin verticals, particularly insurance, while continuing to tighten cost controls and simplifying workflows. Our product and tech strategy continues to follow a ‘buy-over-build’ philosophy, enabling faster innovation through strategic partnerships, including new initiatives in AI and automation that are already underway.

Our commitment to becoming an AI-first organization is already translating into several impactful initiatives across the business. We are actively working on deploying AI-powered customer service tools designed to significantly reduce inquiry volumes and achieve higher first-contact resolution rates. Additionally, we are piloting generative AI solutions to accelerate and scale content production efficiently. Throughout the organization, we are exploring opportunities to automate workflows using advanced AI tools and agentic AI to boost productivity, reduce operational overhead, and enable our teams to focus more strategically.

With a debt-free balance sheet, US$42.5 million in cash and cash equivalents, and a more efficient and scalable business model, we are well-equipped to capture a greater share of a large and growing addressable market and deliver sustainable, long-term value to shareholders.”

Danny Leung, interim Chief Financial Officer, added:

“Our strong results in the fourth quarter demonstrate the effectiveness of our strategy as we continue to make significant strides in the diversification of our revenue mix, expand partnerships with other key providers, and broaden our product offerings. We believe these adjustments position us well for sustained growth, and as providers scale their operations in different regions, we see opportunities to further strengthen our revenue base and deepen our market presence with them.

This quarter, we remained focused on executing our growth strategy and commenced our comprehensive reorganization and restructuring exercise to streamline operations and reduce costs. Our investments this quarter were squarely focused on customer acquisition, technology re-platforming, and data infrastructure, to build a solid foundation for future growth and profitability. These strategic investments were balanced by initiatives to streamline other aspects of our operations designed to enhance efficiency and drive returns.

Looking ahead, we expect adjusted EBITDA to consistently improve, building on the significant progress we made during the fourth quarter. With margins steadily improving, we are well-positioned to drive growth momentum heading into 2025, strengthening our confidence to generate positive Adjusted EBITDA on a quarterly basis in the second half of 2025. Our comprehensive review of our organizational structure, completed alongside a successful reorganization this year, has strengthened our operational foundation and set the stage for continued sustainable growth.”

Fourth Quarter 2024 Financial Highlights

Revenue decreased by 40% year-over-year to US$15.7 million in the fourth quarter of 2024, driven primarily by a shift in focus toward diversifying revenue mix toward high-margin products such as insurance and wealth products, and the high base effect set during the same period last year with increased investment in marketing and customer acquisition to expand market share.
- Revenue from insurance products increased by 10% year-over-year to US$2.1 million in the fourth quarter of 2024, accounting for 14% of total revenue, compared to 7% during the same period last year.
- Revenue from wealth products increased by 195% year-over-year to US$2.4 million in the fourth quarter of 2024, accounting for 15% of total revenue, compared to 3% during the same period last year.
Cost of revenue decreased by 62% year-over-year to US$6.6 million, with advertising and marketing expenses decreasing by 23% year-over-year in the fourth quarter of 2024, as the Company focused on scaling higher margin verticals and optimizing rewards costs associated with the credit cards vertical and paid marketing spend across all markets.
Total operating costs and expenses, excluding net foreign exchange differences, decreased to US$25.2 million in the fourth quarter of 2024 from US$45.6 million during the same period last year. Operating costs and expenses in the fourth quarter of 2023 included significant transaction costs associated with the listing as well as certain write-offs of intangible assets which are further detailed in the adjusted EBITDA reconciliation below.
Foreign exchange loss of US$8.9 million in the fourth quarter of 2024 was driven by the weakening of local currencies against the US dollar from end September 2024 to end December 2024.
Net loss for the period narrowed sharply to US$(18.8) million during the fourth quarter of 2024, compared to US$(94.3) million in the same period last year, primarily due to non-operating expenses including share-based payments to effect the merger with Bridgetown Holdings and finance costs.
Adjusted EBITDA loss improved to US$(2.9) million in the fourth quarter of 2024 from US$(4.6) million in the prior year period.

Full Year 2024 Financial Highlights

Revenue decreased by 1% year-over-year to US$79.5 million for the full year 2024, driven primarily by a shift in focus toward profitability by diversifying revenue mix toward high-margin products starting in the second half of 2024.
- Revenue from insurance products increased by 40% year-over-year to US$8.2 million for the year 2024, accounting for 10% of total revenue, compared to 7% in the prior year.
- Revenue from wealth products increased by 138% year-over-year to US$8.5 million for the year 2024, fueled by growth of stock account and bank account verticals.
Total operating costs and expenses, excluding net foreign exchange differences, increased by 3% year-over-year to US$114.9 million for the year 2024, primarily due to higher advertising and marketing expenses.
Net loss for the full year 2024 narrowed sharply to US$(37.8) million from US$(172.6) million in the prior year. Net loss for the full year 2023 includes US$143.4 million in non-operating expenses associated with share-based payments to effect the merger with Bridgetown Holdings, finance costs and changes in fair value of financial instruments.
Adjusted EBITDA loss was US$(23.7) million for the full year 2024, compared to US$(6.8) million in the prior year, largely attributable to strategic investments in marketing and customer acquisition during the first half of the year as well as increased operating costs associated with being a public company.
As of December 31, 2024, the Company had a debt-free balance sheet with US$42.5 million in cash and cash equivalents.

Fourth Quarter and Full Year 2024 Operational Highlights

Monthly Unique Users for the three months ended December 31, 2024 of 6.2 million
MoneyHero Group Members, to whom the Company provides more tailored product information and recommendations, grew by 42% year-over-year to 7.5 million as of December 31, 2024
Approved Application volumes increased by 21% year-over-year in 2024 to 767,000, driven by strong growth in the Company’s insurance products

Capital Structure

The table below summarizes the capital structure of the Company as of December 31, 2024:

Share Class	Issued and Outstanding
Class A Ordinary	28,653,467¹
Class B Ordinary	13,254,838
Preference Shares	2,407,575
Total Issued Shares	44,315,880
Employee Equity Options	690,055²
Issued Class A Ordinary Shares Underlying Employee Equity Options	(690,055)³
Total Issued and Issuable Shares⁴	44,315,880

______________________________
¹ Includes 690,055 shares issued to Computershare Hong Kong Investor Services Limited (“Computershare”) which are held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.
² Includes granted but unexercised options as well as exercised options, pursuant to which the shares have not yet been issued as of December 31, 2024.
³ Issued in advance to Computershare and held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.
⁴ Public Warrants, Sponsor Warrants, Class A-1 Warrants, Class A-2 Warrants and Class A-3 Warrants are excluded since they are out of the money.

Summary of financial / KPI performance

	For the Three Months Ended December 31,				For the Full Year Ended December 31,
	2024		2023		2024		2023
	(US$ in thousands, unless otherwise noted)
Revenue	15,723		26,397		79,511		80,671
Adjusted EBITDA	(2,922	)	(4,613	)	(23,666	)	(6,763	)

Clicks (in thousands)⁵	2,222		N/A		N/A		N/A
Applications (in thousands)⁶	363		504		1,779		1,713
Approved Applications (in thousands)⁶	172		204		767		636

______________________________
⁵ As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable click data for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.
⁶ Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable.

Revenue breakdown

	For the Three Months Ended December 31,						For the Year Ended December 31,
	2024		2023				2024		2023
	US$	%	US$		%		US$	%	US$	%
	(US$ in thousands, except for percentages)
By Geographical Market:
Singapore	5,060	32.2	12,111		45.9		30,890	38.9	32,070	39.8
Hong Kong	7,386	47.0	8,390		31.8		30,443	38.3	26,947	33.4
Taiwan	1,296	8.2	1,967		7.5		5,137	6.5	6,743	8.4
Philippines	1,977	12.6	3,887		14.7		12,844	16.2	14,169	17.6
Malaysia	5	0.0	43		0.2		197	0.2	738	0.9
Other Asia	0	0.0	(0	)	(0.0	)	0	0.0	4	0.0

Total Revenue	15,723	100.0	26,397		100.0		79,511	100.0	80,671	100.0

By Source:
Online financial comparison platforms	13,594	86.5	21,831		82.7		66,815	84.0	66,926	83.0
Creatory	2,129	13.5	4,566		17.3		12,696	16.0	13,746	17.0

Total Revenue	15,723	100.0	26,397		100.0		79,511	100.0	80,671	100.0

By Vertical:
Credit cards	7,559	48.1	19,976		75.7		48,958	61.6	60,258	74.7
Personal loans and mortgages	3,373	21.5	3,487		13.2		12,185	15.3	10,166	12.6
Wealth	2,397	15.2	813		3.1		8,504	10.7	3,580	4.4
Insurance	2,125	13.5	1,928		7.3		8,181	10.3	5,853	7.3
Other verticals	269	1.7	193		0.7		1,683	2.1	814	1.0

Total Revenue	15,723	100.0	26,397		100.0		79,511	100.0	80,671	100.0

Key Metrics

	For the Three Months Ended December 31, 2024
	(in millions, except for percentages)
Monthly Unique Users⁷^,⁸
Singapore	1.4	23.1	%
Hong Kong	1.1	17.2	%
Taiwan	1.7	28.2	%
Philippines	1.9	31.5	%
Total	6.2	100.0	%

Total Traffic^7,8
Singapore	3.1	16.6	%
Hong Kong	3.5	19.0	%
Taiwan	5.7	30.7	%
Philippines	6.3	33.7	%
Total	18.6	100.0	%











	As of December 31,










	2024			2023










	(in millions, except for percentages)










MoneyHero Group Members⁸










Singapore	1.3	17.7	%	1.2	22.1	%










Hong Kong	0.9	11.5	%	0.7	13.0	%










Taiwan	0.4	4.8	%	0.3	4.8	%










Philippines	5.0	66.1	%	2.9	55.3	%










Malaysia	0.0	0.0	%	0.3	4.8	%










Total	7.5	100.0	%	5.3	100.0	%

_____________________________
⁷ As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable monthly unique users and total traffic for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.
⁸ Malaysia’s ‘CompareHero’ brand was acquired by Jirnexu Sdn. Bhd in July 2024.

Conference Call Details

The Company will host a conference call and webcast on Tuesday, April 29, 2025, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q4 and FY 2024 Earnings call can be accessed by registering at:

Webcast: https://edge.media-server.com/mmc/p/g36exn6g/
Conference call: https://register-conf.media-server.com/register/BI63a8f286c9b74092aff58fc8eb219749

The webcast replay will be available on the Investor Relations website for 12 months following the event.

About MoneyHero Group
MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 290 commercial partner relationships as at December 31, 2024, and had approximately 6.2 million Monthly Unique Users across its platform for the three months ended December 31, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

Key Performance Metrics and Non-IFRS Financial Measures

Historically, we utilized data from Universal Analytics (“UA”), Google’s analytics platform, to measure three key business metrics: monthly unique users, traffic, and clicks. Effective July 1, 2024, Google Analytics 4 (“GA4”) replaced UA. The methodologies used in GA4 are different and not comparable to the methodologies used in UA. While Google has provided some guidance on these differences, Google has not made available sufficient information for us to assess the impact (whether positive or negative) of this transition on our key business metrics, nor can we quantify the extent of such impact. Furthermore, due to the adoption of GA4, we have adjusted our definitions of these key business metrics to enhance accuracy and align them more closely with previous definitions under UA. Therefore, we are unable to provide comparable data for monthly unique user, traffic, and clicks for any periods prior to July 1, 2024.

“Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user.

“Traffic” means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source.

“MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated.

“Clicks” means the sum of unique clicks by product item on a tagged “Apply Now” button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates.

“Applications” means the total number of product applications submitted by users and confirmed by our commercial partners.

“Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners.

In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the year/period and profit/(loss) before income tax.

Adjusted EBITDA is a non-IFRS financial measure defined as loss for the year plus depreciation and amortization, interest income, finance costs, income tax expenses/(credit), impairments of non-financial assets, equity-settled share-based payment expenses, other long-term employee benefits expense/(credit), non-recurring costs related to strategic exercises, gain on disposal of Malaysian operations, transaction expenses, changes in the fair value of financial instruments, non-recurring legal fees, gain on derecognition of convertible loan and bridge loan and unrealized foreign exchange differences. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.

A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP.

	For the Three Months Ended December 31,					For the Year Ended December 31,
	2024			2023		2024		2023
	(US$ in thousands)
Loss for the period		(18,756	)	(94,296	)	(37,787	)	(172,601	)
Tax expenses		19		3		109		63
Depreciation and amortization		893		3,563		4,043		7,165
Interest income		(239	)	(679	)	(1,478	)	(873	)
Finance costs		8		13,657		25		19,028

EBITDA	(18,075		)	(77,752	)	(35,088	)	(147,217	)

Non-cash items:
Changes in fair value of financial instruments	526			(123	)	(447	)	57,333
Impairment of intangible assets	4,466			3,106		4,541		3,106
Equity settled share-based payment arising from employee share incentive scheme	1,631			5,653		3,179		6,629
Unrealized foreign exchange loss/(gain), net	8,523			(4,763	)	4,197		(895	)

Listing and other non-recurring strategic exercises related items:
Share-based payment arising from listing	–			67,027		–		67,027
Equity settled share-based payment arising from professional services in relation to listing	–			500		–		500
Transaction expenses	0			1,739		29		6,643
Gain on disposal of Malaysian operations	0			–		(600	)	–
Other non-recurring costs related to strategic exercises	–			(0	)	61		1

Other non-recurring items:
Other long-term employee benefits expense/(credit)	–			0		–		110
Non-recurring legal fees	7			–		462		0

Adjusted EBITDA	(2,922		)	(4,613	)	(23,666	)	(6,763	)

Revenue	15,723			26,397		79,511		80,671
Adjusted EBITDA	(2,922		)	(4,613	)	(23,666	)	(6,763	)
Adjusted EBITDA Margin	(18.6		)%	(17.5	)%	(29.8	)%	(8.4	)%

Forward Looking Statements

This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2023 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

For inquiries, please contact:

Investor Relations:
MoneyHero IR Team
IR@MoneyHeroGroup.com

Media Relations:
MoneyHero PR Team
Press@MoneyHeroGroup.com

Consolidated Statements of Loss and Other Comprehensive Income

	For the Three Months Ended December 31,				For the Year Ended December 31,
	2024		2023		2024		2023
	(US$ in thousands except for loss per share)
Revenue	15,723		26,397		79,511		80,671

Cost and expenses:
Cost of revenue	(6,603	)	(17,601	)	(46,180	)	(43,930	)
Advertising and marketing expenses	(3,954	)	(5,111	)	(21,619	)	(16,245	)
Technology costs	(1,397	)	(4,451	)	(7,427	)	(9,522	)
Employee benefit expenses	(5,837	)	(10,585	)	(24,151	)	(24,931	)
General, administrative and other operating expenses	(7,454	)	(7,863	)	(15,543	)	(16,725	)
Foreign exchange differences, net	(8,921	)	4,802		(4,783	)	657

Operating loss	(18,444	)	(14,411	)	(40,192	)	(30,026	)

Other income/(expenses):
Other income	241		679		2,092		878
Share-based payment on listing	–		(67,027	)	–		(67,027	)
Finance costs	(8	)	(13,657	)	(25	)	(19,028	)
Changes in fair value of financial instruments	(526	)	123		447		(57,333	)

Loss before income tax	(18,737	)	(94,293	)	(37,678	)	(172,538	)
Tax expenses	(19	)	(3	)	(109	)	(63	)
Loss for the period	(18,756	)	(94,296	)	(37,787	)	(172,601	)
Other comprehensive income/(loss)
Other comprehensive income/(loss) that may be classified to profit or loss in subsequent periods (net of tax):
Exchange differences on translation of foreign operations	8,071		(4,098	)	3,738		(820	)
Other comprehensive income/(loss) that will not be reclassified to profit or loss in subsequent periods (net of tax):
Remeasurement of defined benefit plan	8		(9	)	12		(30	)
Other comprehensive income/(loss), net of tax	8,079		(4,107	)	3,750		(850	)

Total comprehensive loss, net of tax	(10,677	)	(98,403	)	(34,037	)	(173,451	)

Loss per share attributable to ordinary equity holders of the parent
Basic and diluted	(0.5	)	(2.8	)	(0.9	)	(17.9	)

Consolidated Statements of Financial Position

	As of December 31,
(US$ in thousands)	2024	2023

NON-CURRENT ASSETS
Non-current financial asset	600	–
Intangible assets	1,018	7,294
Property and equipment	215	190
Right-of-use assets	744	590
Deposits	25	26

Total non-current assets	2,601	8,100

CURRENT ASSETS
Accounts receivable	13,538	17,236
Contract assets	11,825	16,025
Prepayments and other assets	9,041	4,855
Tax recoverable	63	0
Pledged bank deposits	185	189
Cash and cash equivalents	42,522	68,641

Total current assets	77,174	106,947

CURRENT LIABILITIES
Income tax payable	32	–
Accounts and other payables	29,101	33,222
Warrant liabilities	1,393	1,840
Lease liabilities	442	575
Provisions	71	72

Total current liabilities	31,039	35,708

NET CURRENT ASSETS	46,135	71,239
TOTAL ASSETS LESS CURRENT LIABILITIES	48,736	79,339

NON-CURRENT LIABILITIES
Lease liabilities	294	31
Deferred tax liabilities	30	29
Provisions	185	194

Total non-current liabilities	509	255

Net assets	48,227	79,084

EQUITY
Issued capital	4	4
Reserves	48,223	79,080

Total equity	48,227	79,084

The MIL Network –

April 30, 2025

MIL-OSI: Applico Capital Launches Tech-Enabled Private Equity Division

Source: GlobeNewswire (MIL-OSI)

WEST PALM BEACH, Fla., April 29, 2025 (GLOBE NEWSWIRE) — Applico Capital, a trusted technology investor in B2B distribution, is proud to announce the launch of its tech-enabled private equity strategy. Its new private equity division partners with scaled B2B distributors, empowering strong management teams to grow faster and more profitably by increasing their investment in AI. The strategy has garnered significant support from family offices and institutions outside of the industry who see a transformative period ahead for the $8 trillion B2B distribution industry.

“AI is providing a once-in-a-generation opportunity to reimagine everything about B2B distribution,” said Alex Moazed, Founder & CEO of Applico Capital. “We are partnering with large B2B distributors that want to establish the new standard for supplier, customer, and employee expectations. Not only will AI create material internal synergies, but the distributors who proliferate AI capabilities externally can redefine the flow of information and commerce in their vertical.”

Unparalleled AI Expertise: Venture and Private Equity
No one else has the experience of technology innovation in the B2B distribution industry like that of Applico Capital. Starting in 2016, with the publication of the best-selling book, Modern Monopolies, the firm has been the leading operator at the intersection of B2B distribution and technology innovation. Applico Capital’s trusted relationships with industry leaders led to the launch of its inaugural venture fund in 2023 – the first and only venture fund focused on investing in technology for B2B Distributors, backed by more than ten billion-dollar-revenue B2B distributors.

“Applico Capital has been investing in the best-and-brightest tech innovators in supply chain and B2B distribution over the past decade. The AI capabilities have reached the point where they are ready to transform the industry and are getting stronger every month,” said Nick Johnson, Applico Capital Managing Partner. “Our new private equity division helps large B2B Distributors lead their industry by integrating proven AI capabilities to reinvent the fabric of commerce in their vertical.”

Applico Capital’s two investment strategies, venture and private equity, create a powerful feedback loop with one another. Insights from venture investments and the startup landscape inform private equity synergies. And, the needs from private equity inform venture’s focus.

A New Model for Private Equity
Applico Capital has built a tech-enabled playbook that can be executed with a new model for private equity: the technology operating partner as minority owner.

Traditional private equity needs majority control to execute a leveraged buyout strategy. Applico Capital offers a different approach. We underwrite operational synergies that come from accelerated AI adoption. We work as a technology operating partner alongside existing ownership and management, who already know how to best motivate their team members.

As an investor in the B2B distributor, Applico Capital is tied to the long-term, financial success of the company. And, just as importantly, the management team and thousands of employees in the B2B distributor can trust Applico Capital, knowing that we’re all on the same team.

Strategic, Flexible Capital
In the past 12 months, B2B distribution has seen landmark acquisitions by strategics and sponsors who will make significant investments in AI tech-enablement. Applico Capital partners with family-owned, employee-owned, and publicly traded distributors, offering minority and alternative investment structures that let you retain control while also gaining a strategic technology partner. Our approach ensures that you can continue to invest in your existing organic and inorganic growth strategies while harnessing AI to become the leader in your vertical.

About Applico Capital
Applico Capital is the leading technology investor in the $8 trillion B2B distribution industry. Its venture capital division, Applico Capital Ventures, invests in technology startups that enhance B2B distributors’ operations. Since its founding in 2009, Applico has been a pioneer at the intersection of technology and large enterprises, evolving from one of the largest app developers in the U.S. to a strategic advisor with the publication of Modern Monopolies, the definitive book on marketplaces and platform business models. It has spent a decade working with CEOs of billion-dollar distributors on technology innovation. This expertise now drives Applico’s mission to transform B2B distribution through tech-enabled private equity.

For media inquiries, contact: Chris Vlasto, chris.vlasto@havenstrategies.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bcc4089a-0046-48a3-a5ff-55a96203146e

The MIL Network –

April 30, 2025
MIL-OSI: Alpha Sigma Capital Research Publishes New Report on Bittensor (TAO), Decentralized “Neural Internet” Model
Source: GlobeNewswire (MIL-OSI)

Tampa, FL, April 29, 2025 (GLOBE NEWSWIRE) — Alpha Sigma Capital Research has released an in-depth report on Bittensor (TAO), a pioneering project aiming to build a decentralized, open-source “neural internet” to democratize AI development and access. The report highlights how Bittensor contrasts sharply with the prevailing model—where a handful of corporate giants control data, compute, and advanced models—by implementing a peer-to-peer network in which AI models collaborate, compete, and are financially rewarded according to the value they contribute to the system. .

Key Findings

Decentralization vs. Centralization
- Problem with Current AI Landscape: Corporate titans (e.g., OpenAI, Google, Meta) aggregate massive datasets, proprietary compute resources, and closed-source models, creating high barriers to entry for smaller innovators.
- Bittensor’s Alternative: A peer-to-peer network where any participant can contribute compute or model outputs; contributions are evaluated and rewarded in TAO tokens governed by the network’s Yuma Consensus.
The “Neural Internet” Vision
- Collaborative Competition: Models hosted on Bittensor compete across subnets, specialized mini-markets within the broader network, ranked by validators on criteria like accuracy, efficiency, and novelty.
- Incentive Alignment: TAO tokens facilitate staking, governance, transaction fees, and reward distribution—mirroring Bitcoin’s proof-of-work incentives but for machine intelligence.
Founding and Governance
- Leadership: Co-founded in 2019 by Jacob Robert Steeves (ex-Google engineer) and Ala Shabaana, operating under the OpenTensor Foundation.
- Decentralized Governance: TAO token holders vote on protocol upgrades, emission schedules, and subnet parameters through on-chain governance proposals.
To read the full research report, visit [LINK].
Stay connected with ASC Research on Substack. Subscribe at Alpha Sigma Capital Research | Substack.

About Alpha Sigma Capital Research
Active Investing in the Blockchain Economy.™

Alpha Sigma Capital Research is provided by Alpha Sigma Capital Advisors, LLC, the Investment Manager for the Alpha Blockchain/Web3 Fund and Alpha Liquid Fund. Alpha Sigma Capital (ASC) investment funds are focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. Apply to receive research at www.alphasigma.fund/research.

DISCLAIMER

This is for informational use only. This is not investment advice. Other than disclosures relating to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC) this information is based on current public information that we consider reliable, but we do not represent it as accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our information as appropriate.

Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this press release.

The information on which the information is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, the company website, the company white paper, pitchbook, and any other sources. While Alpha Sigma Capital has obtained data, statistics, and information from sources it believes to be reliable, Alpha Sigma Capital does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.

Unless otherwise provided in a separate agreement, Alpha Sigma Capital does not represent that the contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Alpha Sigma Capital and its officers, directors, and employees shall not be responsible or liable for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.

Crypto and/or digital currencies involve substantial risk, are speculative in nature, and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.

The MIL Network –
April 30, 2025

MIL-OSI: Best Online Casinos Australia: 7Bit Casino Ranked Top Choice for Aussie Players in 2025

Source: GlobeNewswire (MIL-OSI)

PERTH, Australia, April 29, 2025 (GLOBE NEWSWIRE) — After trying out tons of online casinos in Australia, most just didn’t live up to the hype, especially when it came to bonuses. While chatting with a few local players, one name kept coming up: 7Bit casino. So, we decided to check it out. Right from the start, it felt like a different experience. The welcome offer was massive, that is up to 10,800 AUD plus 250 free spins. With thousands of slots, live dealer games, and smooth crypto payments, 7Bit stood out as something special.

7Bit Casino : Our Favourite Overall Casino

7Bit Casino, licensed by Curacao eGaming, offers a modern, user-friendly interface with vibrant graphics and seamless navigation. Its game library exceeds 10,000 titles, including Australian online pokies, table games, and live dealer options with high RTPs. The casino supports both fiat and crypto payments, with fast withdrawals via PayID and Bitcoin, positioning it as a top PayID casino.

The mobile platform mirrors the desktop experience, ensuring players can enjoy online pokies for real money on the go. 24/7 live chat provides prompt support, and SSL encryption with a provably fair system enhances security, though third-party audits like eCogra are absent. Responsible gambling tools, such as deposit limits and self-exclusion, are available to promote safe play.

7Bit Casino earns our top spot for its unmatched game variety, generous bonuses, and Aussie-friendly features. With thousands of online pokies real money options, a 10,800 AUD + 250 free spins welcome bonus, and fast PayID transactions, it’s a standout PayID casino. The platform’s mobile optimization, robust security, and 24/7 support make it ideal for players seeking online blackjack real money or real money pokies Australia.

Regular promotions, tournaments, and a rewarding VIP program further elevate its appeal, ensuring a thrilling and reliable gaming experience.

What Makes 7Bit Casino The Best Online Casino Australia

7Bit Casino is a top choice for Australian players, offering a massive selection of over 10,000 games, including crowd-favorite pokies like Mega Moolah and Johnny Cash, plus table and live dealer options. High RTP slots and a generous welcome package – up to 10,800 AUD + 250 free spins make it especially appealing. Players also get 75 no-deposit free spins (code: 75BIT), weekly cashback, reload bonuses, and exclusive Telegram deals.

With fast PayID and crypto withdrawals, 24/7 live chat, and a mobile-friendly design for iOS and Android, 7Bit makes playing on the go easy. Licensed in Curacao and active for over a decade, it offers a trusted, secure environment. The VIP program adds value with cashback, faster payouts, and exclusive rewards, while regular tournaments keep things exciting. For real money pokies in Australia, 7Bit blends variety, speed, and player perks perfectly.

How to Join 7Bit Best Online Casino Australia

Joining 7Bit Casino is straightforward and designed for quick access to the best online casinos in Australia:

Visit 7Bit Casino. Click Here to Directly Visit 7Bit Casino’s Official Website
Click “Sign Up” on the homepage.
Enter your name, email, date of birth, and create a username/password.
Verify your email if prompted.
Log in, deposit using PayID or crypto, and claim the welcome bonus.

The process takes about a minute, and players instantly join the VIP program, unlocking perks like cashback and exclusive bonuses for real money pokies in Australia.

How We Selected 7Bit as the Best Online Casino in Australia

We evaluated 7Bit Casino based on rigorous criteria to ensure it meets the needs of Aussie players:

License and Security

7Bit holds a Curacao eGaming license, ensuring regulatory oversight. SSL encryption protects player data, and a provably fair system allows game fairness verification. While no eCogra audits are noted, the license and security measures provide a solid foundation of trust for online pokies real money players.

Bonuses and Promotions

The welcome package offers 325% up to 10800 AUD + 250 FS

1st Deposit Bonus: 100% up to 800 AUD + 100 FS
2nd Deposit Bonus: 75% up to 1200 AUD + 100 FS
3rd Deposit Bonus: 50% up to 800 AUD
4th Deposit Bonus: 100% up to 8000 AUD + 50 FS

A payid pokies Australia no deposit bonus of 75 free spins (code ‘75BIT’, x45 wagering, €50 max cashout) is available. Weekly cashback, reload bonuses, and Telegram-exclusive offers keep players engaged, making it a top choice for online pokies Australia payid enthusiasts.

<< CLAIM 325% UP TO 10800 AUD + 250 FS AND MORE – SIGN UP NOW!>>

Casino Games

With over 10,000 games, 7Bit offers online pokies real money, table games, and live dealer options. High-RTP titles like Mega Moolah are favorites among the best online casino Australia players, ensuring diverse and rewarding gameplay.

Casino Game ProvidersOur Favourite Overall Casino

Partners include industry leaders like NetEnt, Microgaming, Play’n GO, and Evolution Gaming, ensuring high-quality, fair games for Australian online pokies and online blackjack players.

Banking Methods

Supports VISA, Mastercard, Neosurf, Skrill, PayID, and cryptocurrencies like Bitcoin and Ethereum. PayID is ideal for Aussies, offering fast transactions for the best online casino in Australia.

Customer Support

24/7 live chat responds within seconds, email support is slower, and no phone support is available. A detailed FAQ section addresses common queries, enhancing the experience for best online casinos in Australia.

The Selection Process: Defining Excellence in Online Gaming

Screening: Verify licensing and reputation to ensure trust.
Game Evaluation: Assess variety, quality, and provider reputation.
Bonus Analysis: Check value, terms, and wagering requirements.
Payment Review: Test speed, security, and options like PayID.
Support Testing: Evaluate response times and effectiveness.
Mobile Testing: Ensure compatibility for online pokies real money on smartphones.
Security Check: Confirm encryption and fairness systems.
Player Feedback: Analyze reviews for real-world insights.
Scoring: Rank based on weighted criteria to identify top PayID casino options.

Pros and Cons of 7Bit Online Casino

Pros	Cons
Over 10,000 games, including real money pokies	High wagering requirements on bonuses
Welcome bonus: 10,800 AUD + 250 FS	No phone support
Fast PayID and crypto withdrawals	No third-party audits (e.g., eCogra)
24/7 live chat support
Mobile-friendly platform
Curacao license and SSL encryption
Responsible gambling tools

Explore the Best Online Pokies and Casino Games at 7Bit Casino

7Bit’s 10,000+ games provide a thrilling experience for real money pokies Australia players and beyond:

1. Pokies (Slots)

7Bit is a haven for online pokies Australia players, offering thousands of titles from classic three-reel slots to modern video slots with immersive graphics and features. Popular titles include:

Mega Moolah: Renowned for its massive progressive jackpots, offering life-changing wins.
Johnny Cash: A music-themed slot with free spins and engaging bonus rounds.
Elvis Frog in Vegas: High-RTP slot with vibrant visuals and sticky wilds.
Wild Spin: Packed with wild features and big win potential.
Raging Lion: A safari-themed slot with dynamic gameplay and multipliers.
Book of Dead: An adventure-themed slot with expanding symbols and high volatility.

These real money pokies are ideal for players seeking thrilling online pokies real money experiences, with demo modes available for practice.

2. Table Games

Traditional casino games offer strategic depth:

Blackjack: Variants like Classic, European, and Multi-Hand cater to all skill levels.
Roulette: European, American, and French options provide diverse betting opportunities.
Baccarat: A simple yet rewarding card game with a low house edge.
Poker: Video poker titles like Jacks or Better and Deuces Wild for solo play.

These games complement Australian online pokies for players seeking variety.

3. Live Dealer Games

Live Blackjack: Real-time interaction with professional dealers, ideal for online blackjack in Australia.
Live Roulette: Authentic wheel-spinning action with multiple camera angles.
Live Baccarat: Play against the banker in a high-stakes environment.

High-quality streaming ensures immersion for online blackjack real money players.

4. Instant Win Games

Quick-play options for fast entertainment:

Scratch Cards: Virtual lottery-style games with instant payouts.
Keno: Number-picking for quick wins, offering simplicity and excitement.

These are perfect for players taking a break from real money pokies Australia.

5. Virtual Sports

Simulated events like football, horse racing, and greyhound racing offer betting opportunities with realistic graphics and outcomes, providing an alternative to online pokies Australia.

6. Craps

7Bit does not offer Craps, which may disappoint dice game enthusiasts. However, alternatives like Sic Bo provide similar dice-based excitement with varied betting options, fast-paced gameplay, and high payout potential. Players can also explore table games like roulette or online blackjack for real money for comparable thrills, ensuring a diverse gaming experience alongside real money pokies.

7. Poker

7Bit offers a robust poker selection for all skill levels:

Video Poker: Popular titles like Jacks or Better, Deuces Wild, Aces and Faces, and Joker Poker for solo play with high RTPs.
Live Poker: Casino Hold’em, Three Card Poker, and Caribbean Stud Poker via live dealer, offering real-time competition against the dealer.
Virtual Poker: Texas Hold’em and Omaha variants for strategic gameplay, perfect for honing skills.

These options cater to both casual players and seasoned pros seeking alternatives to online pokies real money.

8. Roulette

Roulette options provide diverse betting opportunities:

European Roulette: Single zero for better odds, popular among strategic players.
American Roulette: Double zero increases house edge, adding challenge.
French Roulette: Features La Partage and En Prison rules for reduced losses.
Live Roulette: Lightning Roulette adds random multipliers for bigger wins, enhancing excitement.

These games are ideal for players who enjoy strategic betting alongside real money pokies in Australia.

9. Blackjack

Blackjack variants offer variety for online blackjack Australia fans:

Classic Blackjack: Standard rules for beginners, with a low house edge.
European Blackjack: Restricts doubling after splitting, adding strategy.
Multi-Hand Blackjack: Play up to five hands at once for higher stakes.
Live Blackjack: Real-time games with professional dealers, perfect for online blackjack real money enthusiasts.
Blackjack Switch: Allows swapping cards between hands for unique gameplay.

These options ensure a thrilling experience for players seeking online blackjack real money.

Payment Options Available At The Best Online Casinos in Australia

Fiat Currency

Method	Deposit	Withdrawal	Processing Time
VISA/Mastercard	Yes	No	N/A
Neosurf	Yes	No	N/A
Skrill	Yes	Yes	Instant
Interac	Yes	Yes	Instant
Neteller	Yes	Yes	Instant
Paysafe Card	Yes	No	N/A
PayID	Yes	Yes	1-24 hours
Bank Transfer	Yes	Yes	3-7 days
Cryptocurrency
Method	Deposit	Withdrawal	Processing Time
Bitcoin	Yes	Yes	<1 hour
Litecoin	Yes	Yes	<1 hour
Binance Coin	Yes	Yes	<1 hour
Ethereum	Yes	Yes	<1 hour
Dogecoin	Yes	Yes	<1 hour

PayID and crypto are the fastest, ideal for online pokies Australia payid users, while bank transfers are slower but reliable.

The Most Popular Pay-out Methods at 7Bit Casino

Cryptocurrencies: Bitcoin, Ethereum, and Litecoin for speed and anonymity.
PayID: Fast, Aussie-friendly for online pokies Australia payid users.
E-Wallets: Skrill and Neteller for instant withdrawals.
Bank Transfers: Slower but reliable for larger transactions.

PayID and crypto are preferred for their speed, making them ideal for PayID casino players.

VIP Program at 7Bit Casino

7Bit’s VIP program rewards loyal players with exclusive bonuses, personalized support, and up to 20% cashback. Higher levels offer faster withdrawals, special gifts, and dedicated account managers. Players earn points through wagering on real money pokies in Australia, unlocking perks like free spins and tournament entries. The program enhances the experience for PayID casino users, adding value to every bet.

Final Thoughts About the Best Online Casino in Australia

7Bit Casino is likely the top choice for Aussie players in 2025, offering a vast game selection, generous bonuses, and fast PayID withdrawals. Despite minor drawbacks like high wagering requirements and no phone support, its strengths in game variety, mobile compatibility, and player-focused features make it a standout PayID casino.

Whether you’re spinning online pokies Australia or playing online blackjack real money, 7Bit delivers a thrilling and reliable experience.

>>PLAY AT 7BIT CASINO – AUSTRALIA’S TOP PAY ID CHOICE FOR 2025!<<

Frequently Asked Questions About The Best Online Casinos Australia

Is 7Bit Casino legal in Australia?
7Bit is licensed by Curacao, making it accessible to Australian players. However, online gambling laws vary by state, so players should verify local regulations to ensure compliance before playing real money pokies Australia or other games.
What payment methods are accepted?
7Bit supports VISA, Mastercard, Neosurf, Skrill, PayID, Bitcoin, Ethereum, Litecoin, and more. PayID and cryptocurrencies are the fastest, ideal for online pokies Australia payid users, offering secure and efficient transactions for PayID casino players.
How long do withdrawals take?
Cryptocurrency withdrawals process in under an hour, PayID takes 1-24 hours, and e-wallets like Skrill are instant. Bank transfers can take 3-7 days, depending on the bank, making PayID and crypto preferred for real money pokies Australia players.
What’s the welcome bonus?
7Bit offers up to 10,800 AUD + 250 free spins across four deposits, plus a payid pokies australia no deposit bonus of 75 free spins (code ‘75BIT’, x45 wagering). This package is ideal for new players exploring online pokies with real money and other games.
Is mobile gaming available?
7Bit’s mobile platform is fully optimized for iOS and Android, mirroring the desktop experience. Players can enjoy online pokies Australia, online blackjack real money, and live dealer games on the go with seamless performance and intuitive navigation.

EMAIL: Support@7bitCasino.com

Disclaimers and Affiliate Disclosure

General Disclaimer
This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of April 24, 2025. No warranties are made, and users must verify information before acting.

Casino and Gambling Disclaimer
Online gambling carries risks and isn’t suitable for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

Affiliate Disclosure
This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products. Do your own research before signing up or playing real money pokies in Australia.

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e955b95c-b051-4108-9d06-23bb3d13cbcd

The MIL Network –

April 30, 2025

5 May 2025	12 May 2025
29 July 2025	7 August 2025
28 October 2025	6 November 2025
3 February 2026	12 February 2026

Category: Economy

Meet the ‘regulators of last resort’

No whistleblower is an island

Florida’s population boom

Scientists identify key areas to protect

Getting the public on board

Bipartisan support continues

‘City of refuge’

Failure to launch

Birth of Zionism

Romford builder banned for Covid loan abuse agrees to repay money he should never have claimed

Further information

Share this page

Updates to this page

Acknowledging Global and Korean Headwinds