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Category: Economy

  • MIL-OSI Canada: Canada announces new support for Canadian businesses affected by U.S. tariffs  

    Source: Government of Canada News (2)

    April 15, 2025 – Ottawa, Ontario – Department of Finance Canada

    The Minister of Finance, the Honourable François-Philippe Champagne, today announced new measures for Canadian businesses and entities affected by the tariff dispute between Canada and the United States. These measures include the remission of some of the countermeasure tariffs announced by Canada in response to unjustified tariffs imposed by the U.S. on Canadian products.

    First, Minister Champagne announced a performance-based remission framework for automakers, designed to incentivize continued production and investment in Canada. In recognition of the integrated nature of the North American automotive sector, this will allow automakers that continue to manufacture vehicles in Canada to import a certain number of U.S.-assembled, CUSMA-compliant vehicles into Canada, free of the countermeasure tariffs that Canada has imposed.

    The remission granted to these companies is contingent on these automakers continuing to produce vehicles in Canada and on completing planned investments. The number of tariff-free vehicles a company is permitted to import will be reduced if there are reductions in Canadian production or investment.

    Second, the Minister announced that the government intends to provide temporary 6-month relief for goods imported from the U.S. that are used in Canadian manufacturing, processing and food and beverage packaging, and for those used to support public health, health care, public safety, and national security objectives. This provides immediate relief to a broad cross-section of Canadian businesses that must rely on U.S. inputs to support their competitiveness as well as to entities integral to Canadians’ health and safety, such as hospitals, long-term care facilities and fire departments. The remission is provided on a time-limited basis to provide businesses and entities with additional time to adjust their supply chains and prioritize domestic sources of supply if available.

    Third, the new Large Enterprise Tariff Loan Facility (LETL), as announced by the Prime Minister in March, is now accepting applicants. This program will support eligible large businesses—including those that contribute to Canada’s food security, energy security, economic security and national security—that are facing difficulties in accessing traditional sources of market financing, by providing access to liquidity. This will help employers that were viable before the recent U.S. trade actions to help sustain their operations and return to financial stability. Companies will be required to make efforts to maintain jobs and sustain business activities in Canada. Those that were already involved in insolvency proceedings before this crisis will not be eligible.

    In the weeks and months ahead, additional measures will be brought forward, as needed, to support businesses and workers. The federal government will also continue to work closely with provinces and territories to ensure complementary supports are in place across all jurisdictions.

    MIL OSI Canada News –

    April 16, 2025
  • MIL-OSI: LPL Financial Welcomes Tenacity Investment Group

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

    Related

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

    About LPL Financial

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

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

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

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

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

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #715453

    The MIL Network –

    April 16, 2025
  • MIL-OSI: 21/2025・Trifork Group: Shareholders approve all resolutions at the Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 21 / 2025
    Schindellegi, Switzerland – 15 April 2025

    Shareholders approve all resolutions at the Annual General Meeting 2025

    The shareholders of Trifork Group AG (“Trifork“) today approved all resolutions proposed by the Board of Directors at Trifork’s Annual General Meeting 2025 (the “AGM“) which was held at Grabenstrasse 2, 6430 Baar, Switzerland.

    Composition of the Board of Directors
    The shareholders re-elected Julie Galbo as Chairperson of the Board of Directors and all other members standing for re-election for a term of one year. In addition, the shareholders elected Lars Stugemo as new member of the Board of Directors for a term of one year. The Board of Directors designated Maria Hjorth as Vice-Chairperson. Furthermore, the shareholders (re-)elected the following members of the Board of Directors to the Nomination and Remuneration Committee for one year: Julie Galbo, Maria Hjorth, and Lars Stugemo. The Board of Directors designated Maria Hjorth as Chairperson of this Committee.

    Olivier Jaquet decided not to stand for re-election. On behalf of the Board of Directors, the Chairperson thanked him for his valuable contributions during his six terms of office.

    Financial and non-financial reports
    The AGM had to vote on Trifork’s financial and non-financial reports. In accordance with applicable laws and regulation, the ESG report was prepared compliant with EU’s Corporate Sustainability Reporting Directive (CSRD). This report, as well as the annual report with consolidated and separate financial statements, were approved.

    Remuneration confirmed and prospectively approved
    The shareholders approved the 2024 remuneration report in a consultative vote. Further, the shareholders approved the maximum aggregate amount of the remuneration for the Board of Directors from the AGM 2025 to the AGM 2026. Additionally, the shareholders approved the maximum aggregate amount of the fixed and variable remuneration for the members of the Executive Management for the financial year 2026.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    • CA_21_25_AGM results

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Guaranteed Rate Affinity Names Bob Bachman Vice President of Mortgage Lending in Los Gatos, CA

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) — Guaranteed Rate Affinity (GRA), a leading mortgage provider offering unparalleled lending services through its partnership with Coldwell Banker, has appointed Bob Bachman as Vice President of Mortgage Lending in Los Gatos, California.

    Bachman brings 23 years of mortgage industry experience to the role and has been a member of the President’s Council for the past decade. He chose to join Guaranteed Rate Affinity for its marketing and technology tools, which help loan officers stay engaged with past clients and maintain strong relationships with real estate professionals.

    “Joining Guaranteed Rate Affinity was an easy decision,” said Bachman. “I’ve been in the mortgage space for over two decades now, and the culture at GRA is by far the best at enabling loan officers and industry agents to grow their businesses together, while making the mortgage process easier than ever for customers.”

    “We look forward to Bob’s contributions to our team,” said Jim Anderson, Regional President of Guaranteed Rate Affinity. “He has built lasting relationships with clients and partners, and his experience will be valuable in serving borrowers throughout California.”

    Bachman, recognized as one of the leading loan specialists in Los Gatos and Santa Clara County, has built a successful career dedicated to helping clients navigate the lending process with confidence. He holds a Bachelor of Science in Mechanical Engineering from the University of Washington, equipping him with a strong analytical and problem-solving mindset that he applies to his work in the financial and real estate sectors. Actively engaged in the real estate community, Bachman remains committed to staying informed and connected to better serve his clients. and has built his career in the San Jose area. Outside of work, he enjoys an active lifestyle that includes boxing, golfing, skiing, and various outdoor activities, continually seeking new challenges both professionally and personally.

    About Guaranteed Rate Affinity

    Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services (NYSE: HOUS), which owns some of the industry’s most recognized and respected real estate brands. The innovative JV has funded over $100 billion in loans since its inception. Guaranteed Rate Affinity originates and markets its mortgage lending services to Anywhere’s real estate, brokerage, and relocation subsidiaries.

    Guaranteed Rate Affinity provides unmatched support to Anywhere brokers coast-to-coast, ensuring their customers receive fast pre-approvals, appraisals, and loan closings, creating the ability for buyers to move quickly and confidently when purchasing homes in today’s competitive market. The company also provides the same services to the public and other real estate brokerage and relocation companies across the country—helping employers improve their employees’ relocation experience by prioritizing customer service, digital mortgage ease, and competitive rates.

    Guaranteed Rate owns a controlling 50.1% stake in Guaranteed Rate Affinity, and Anywhere owns 49.9%. Visit grarate.com for more information.

    Media Contact:
    press@rate.com

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Zero Hash Powered $2 Billion+ in Tokenized Fund Flows within the Last Four Months

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: White River Bancshares Co. Reports Net Income of $2.63 million, or $1.07 Per Diluted Share, for the First Quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

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

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

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

    First Quarter 2025 Financial Highlights:

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

    Income Statement

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

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

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

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

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

    Balance Sheet

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

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

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

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

    Credit Quality

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

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

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

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

    Capital

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

    About White River Bancshares Company

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

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

    About the Region

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

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

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

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

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

    Forward Looking Statements

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

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Roth Canada Opens Calgary Office, Bolsters Energy and Sustainability Practice with Senior Investment Banking and Research Hires

    Source: GlobeNewswire (MIL-OSI)

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

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

    Additions to Roth Canada’s Investment Banking:

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

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

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

    Additions to Roth Canada’s Research Team:

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

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

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

    About Roth Canada, Inc.

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

    Investor Contact:

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

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

    Media Contact:

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Global Robotic Exoskeleton Market Size Expected to Reach $30 Billion By 2032 as A.I. Influence Disrupts the Industry

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

    In other developments in the markets of note:

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

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

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

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

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

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

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

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

    About FN Media Group:

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

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

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Tenable Announces Date For Its First Quarter Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., April 15, 2025 (GLOBE NEWSWIRE) — Tenable® (NASDAQ: TENB), the exposure management company, today announced it will release its financial results for its first quarter ended March 31, 2025, after the U.S. market close on Tuesday, April 29, 2025. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results.

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

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

    Media Contact:
    Tenable
    tenablepr@tenable.com

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Charli AI Acquires Sums Capital to become Charli Capital and Disrupt the World of Investments with AI-Powered Insights for Private and Public Markets

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Charli AI, a leader in AI driven market intelligence, announced today that the company entered into an agreement to acquire Sums Capital, an early-stage investment platform specializing in streamlining investor transparency, reporting, and portfolio management for private companies. This strategic move enhances Charli AI’s ability to deliver advanced, AI-powered financial insights, streamlining capital flow and decision-making across both private and public markets. 

    The acquisition of Sums Capital marks a transformative milestone as it brings a sizeable network of private investors and integrates its advanced investor reporting platform with Charli AI’s autonomous, AI-driven financial analysis. This strategic union will redefine how startups, investors, and financial institutions approach investment intelligence, portfolio oversight, and capital engagement. Moving forward, Charli AI will operate under its new name—Charli Capital—the market intelligence platform setting the standard for industry wide analysis across both public and private companies.  

    Redefining Investment Capital Allocation with AI-Driven Market Intelligence 
    “The acquisition of Sums Capital marks a transformative step in redefining financial intelligence,” said Kevin Collins, CEO of Charli AI. “By combining Charli AI’s advanced intelligence with Sums Capital’s private investment expertise and investor network, we’re delivering the first end-to-end solution that brings transparency, automation, and actionable insights to a market where investors have long lacked visibility—especially to private company in depth analysis. This democratizes access to investments in the 99% of companies that are private. 

    Key Benefits of the Acquisition: 

    • Intelligent Investment Network: Connecting private companies seeking capital with investors looking for a pre-qualified deal flow, facilitated by dealers/brokers and powered by Private and Public market insights. 
    • Stronger Startup & Investor Support: The integration enhances startup access to capital and delivers streamlined investor reporting, valuations, and portfolio transparency. 
    • AI-Driven Financial Innovation: Charli AI’s purpose-built platform strengthens Sums Capital’s offerings with pre-analyzed and instantly available investment scorecards. 
    • Accelerated Go To Market: Leverage Sums Capital’s deep ties to early-stage investors fast-track Charli AI’s expansion, positioning it as a leader in AI-powered investment intelligence. 

    Pioneering the Future of AI in Financial Services 
    With this acquisition, Charli Capital provides a first of its kind dual-sided network—scaled by Charli’s multidimensional intelligence. Charli Capital is shaping the future of investment by enabling investors to discover hidden investment opportunities, access high-quality deal flow, and opens the gates for a new era of private investing. 

    About Charli AI 

    Charli AI is an advanced and well-recognized AI driven market intelligence platform designed specifically for banking and investment services. Leveraging Multidimensional AI™, Charli AI provides accurate, secure, scalable, and compliant solutions that empower financial organizations to focus on high-value activities rather than manual data tasks. For more information, visit www.charliai.com.   

    About Sums Capital 

    Sums Capital is a financial technology platform focused on improving investor relations and transparency for early-stage companies. By providing structured reporting, valuations, and streamlined communication, Sums Capital helps startups build stronger relationships with investors and navigate the path to growth with confidence. 

    For media inquiries, please contact: 

    Fatema Bhabrawala 
    Media Relations
    fbhabrawala@allianceadvisors.com   

    The MIL Network –

    April 16, 2025
  • MIL-OSI: BoldSign® by Syncfusion® Earns Spot on G2’s 2025 Best Software Awards for Sales

    Source: GlobeNewswire (MIL-OSI)

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

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

    Additional Bold product-specific updates are detailed below.

    BoldSign

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

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

    Bold BI®

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

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

    BoldDesk®

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

    Bold Reports

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

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

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

    About Syncfusion, Inc.

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

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Unlimited Expands ETF Lineup with New Global Macro Hedge Fund Strategy

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Bob Elliott, CEO and CIO of Unlimited, today announced the launch of the Unlimited HFGM Global Macro ETF (NYSE: HFGM), a new actively managed exchange-traded fund offering exposure to global macro hedge fund style strategies. The Fund capitalizes on Mr. Elliott’s extensive experience as a systematic global macro portfolio manager by dynamically allocating capital long and short across a wide range of global markets opportunities in search of mispricing. The fund utilizes liquid exchange-listed futures contracts, and a basket of ETFs based upon systematic signals. The positions are adjusted based on evolving market conditions with the goal of adding diversification benefits to investors’ portfolios.

    HFGM seeks to capitalize on global market mispricing opportunities spanning currency, fixed income, equity, credit and exchange rate markets. Global macro managers have a long track record of generating consistent alpha with low correlation to the broader equity and fixed income markets. HFGM deploys Unlimited’s proprietary, data-driven technology to interpret the current positioning of global macro managers and replicate those positions in its own portfolio.

    The launch of HFGM expands on Unlimited’s mission to provide investors with access to hedge fund-style returns without the high fees and tax inefficiencies that can erode performance over time. Unlimited’s ETF offering includes the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: HFND), which has a two-year track record of offering investors exposure to a broad set of hedge fund style strategies.

    “Financial advisors and institutional investors facing turbulent markets are looking for ways to diversify their portfolios, but many find the high fees, lack of liquidity and adverse tax treatment associated with traditional alts offerings untenable,” said Mr. Elliott. “Our Global Macro ETF was designed to offer a volatility target aligned with equity markets as an investor-friendly way to add the diversification features of alts to a balanced portfolio.”

    Hedge fund strategies overall have historically generated strong uncorrelated returns for investors, but high fees combined with inefficient tax structures have significantly eroded that performance.

    HFGM offers a transparent, liquid, and cost-effective alternative to traditional hedge fund allocations, carrying a lower expense ratio than the standard “2 and 20” hedge fund fee model.

    HFGM is the first of several new actively managed ETFs the firm plans to launch over the coming months. The suite includes two additional strategies that have been approved by the Securities and Exchange Commission with launch plans in the works for later this year, Unlimited HFMF Managed Futures ETF and Unlimited HFEQ Equity Long/Short ETF.

    Unlimited’s ETFs are managed by Mr. Elliott, former investment committee member at Bridgewater Associates and Bruce McNevin, co-founder and Chief Data Scientist at Unlimited. Mr. McNevin brings extensive experience in quantitative modeling and data science, having held positions at hedge funds Clinton Group and Midway Group, as well as Bank of America and BlackRock.

    For more information on HFGM or HFND, please visit https://www.unlimitedetfs.com

    Media Contacts:

    Sarah Lazarus Zach Kouwe
    Dukas Linden Public Relations Dukas Linden Public Relations
    +1 617-335-7823 +1 551-655-4032
    sarah@dlpr.com zkouwe@dlpr.com
       

    Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting www.unlimitedetfs.com. Please read the prospectus carefully before you invest.

    Important Risks

    Underlying ETFs Risks. The Fund will incur higher and duplicative expenses because it invests in Underlying ETFs. There is also the risk that the Fund may suffer losses due to the investment practices of the Underlying ETFs. The Fund will be subject to substantially the same risks as those associated with the direct ownership of securities held by the Underlying .ETFs.

    Management Risk. The Fund is actively managed and may not meet its investment objective based on the Sub-Adviser’s success or failure to implement investment strategies for the Fund.

    Machine Learning, Model and Data Risk. The Fund relies heavily on proprietary “machine learning” selection processes. In addition, the composition of the Fund’s portfolio is heavily dependent on proprietary quantitative models as well as information and data supplied by third parties (“Models and Data”).

    Volatility Risk. The Fund seeks to achieve a higher level of volatility than its target hedge fund industry sector, which may result in substantial price fluctuations over short periods. As a result, the value of the Fund’s investments may rise or fall significantly, and investors should be prepared for increased levels of volatility compared to traditional equity funds.

    Commodity Risk. Underlying ETFs that invest in the commodities markets may be subject to greater volatility than investments in traditional securities.

    Derivatives Risk. The Fund’s or an Underlying ETF’s derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets or index; the loss of principal, including the potential loss of amounts greater than the initial amount invested in the derivative instrument; the possible default of the other party to the transaction; and illiquidity of the derivative investments.

    Emerging Markets Risk. The Fund may invest in Underlying ETFs that invest in securities issued by companies domiciled or headquartered in emerging market nations. Investments in securities traded in developing or emerging markets, or that provide exposure to such securities or markets, can involve additional risks relating to political, economic, currency, or regulatory conditions not associated with investments in U.S. securities and investments in more developed international markets.

    Fixed Income Securities Risk. The Fund may invest in Underlying ETFs that invest in fixed income securities. The prices of fixed income securities may be affected by changes in interest rates, the creditworthiness and financial strength of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact on longer-duration and/or higher quality fixed income securities.

    Foreign Securities Risk. Foreign securities held by Underlying ETFs in which the Fund invests involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.

    Futures Contracts Risk. The Fund or Underlying ETFs may invest in futures contracts. Risks of futures contracts include: (i) an imperfect correlation between the value of the futures contract and the underlying asset; (ii) possible lack of a liquid secondary market; (iii) the inability to close a futures contract when desired; (iv) losses caused by unanticipated market movements, which may be unlimited; (v) an obligation for the Fund or an Underlying ETF, as applicable, to make daily cash payments to maintain its required margin, particularly at times when the Fund or Underlying ETF may have insufficient cash; and (vi) unfavorable execution prices from rapid selling.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Short Selling Risk. The Fund may make short sales of securities of Underlying ETFs, which involves selling a security it does not own in anticipation that the price of the security will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy (“cover”) the security sold short when the security has appreciated in value or is unavailable, thus resulting in a loss to the Fund. Short sales also involve the risk that losses may exceed the amount invested and may be unlimited.

    Swap Agreement Risk. The Fund or an Underlying ETF may invest in swap agreements. Swap agreements could result in losses if the underlying asset or reference does not perform as anticipated. Swaps can have the potential for unlimited losses. They are also subject to counterparty risk. If the counterparty fails to meet its obligations, the Fund (or the Underlying Fund) may lose money.

    Definitions:

    20 and 2 strategy: Describes the standard fee structure charged by advisers of private funds, which generally includes a 2% asset-based management fee, in addition to a 20% performance fee charged on the profits on investments.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network –

    April 16, 2025
  • MIL-OSI: American Rebel Beer Announces Launch Event in Bowling Green Kentucky with Distribution Partner – Clark Distributing Company

    Source: GlobeNewswire (MIL-OSI)

    Nashville, TN, April 15, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com), and a designer, manufacturer, and marketer of branded safes, personal security, self-defense products and apparel, is proud to announce a Tax Day Launch Event for southern Kentucky at the Spillway Bar & Grill, 2195 River Street in Bowling Green, Kentucky with its distribution partner, Clark Distributing Company (ccclark.com). This morning American Rebel CEO Andy Ross appeared live on air at D93 WDNS Classic Rock Radio in Bowling Green to celebrate the launch party.

    Kentucky is a key strategic state as American Rebel Light Beer continues to rapidly grow its distribution partnerships throughout the Southeastern United States. Clark Distributing Company, a premier distributor serving more than 5,000 retail and restaurant customers throughout Kentucky, covers 97 counties out of 120 total, representing 81% of Kentucky’s counties and serving 67% of the state’s population. Kentucky residents can now enjoy American Rebel Premium Light Lager Beer that not only is great tasting but unapologetically celebrates true fundamental American values.

    “Kentucky is an important state for us as we expand American Rebel Light Beer across this great, God-fearing nation,” said Andy Ross, CEO of American Rebel. “We are thrilled to see American Rebel Light Beer reach patriotic customers throughout the Commonwealth, and we couldn’t have asked for a better partner than Clark Distributing Company to help us serve customers looking for American Rebel Light – America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer.”

    American Rebel Light Beer is growing rapidly due to its great taste and drinkability, with a smooth and crisp finish that appeals to light beer enthusiasts. It continues to receive overwhelmingly positive feedback, leading to increasing and repeat customer demand due to its balance of flavor and drinkability. It is the light beer of choice for consumers looking for a great tasting light beer that is aligned with traditional American patriotic values, liberty, and freedom.

    “Between the on-air appearance at D93 and the launch event this evening, I want to head over to the Corvette Museum here in Bowling Green,” said Andy Ross. “Danny built me the Second Amendment Muscle Car, a ’69 Corvette, on the “Rocked and Loaded” episode of Counting Cars on the History Channel. I get people coming up to me all the time asking me about the car and saying they just saw the episode air again. Millions of people have seen that episode over the years and that car has become known as the Batmobile of the Second Amendment.”

    For more information about American Rebel Light Beer, visit americanrebelbeer.com.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer. All Natural, Crisp, Clean, Bold Taste, Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass production

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebelbeer.com/investor-relations.

    About Clark Distributing Company

    Clark Distributing Company (ccclark.com) is a premier beverage distributor serving over 5,000 customers across the Commonwealth of Kentucky. With a focus on quality, service, and customer satisfaction, Clark Distributing is proud to bring premium brands to Kentucky’s diverse market.

    American Rebel Holdings, Inc.

    info@americanrebel.com

    American Rebel Beverages, LLC

    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

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

    Company Contact:

    tporter@americanrebelbeer.com

    info@americanrebel.com

    Attachment

    The MIL Network –

    April 16, 2025
  • MIL-OSI United Kingdom: Woking Borough Council: Letter to Barry Scarr appointing him as Finance Commissioner

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Woking Borough Council: Letter to Barry Scarr appointing him as Finance Commissioner

    A copy of the letter to Barry Scarr, regarding the Parliamentary Under-Secretary of State’s decision to appoint him as the Finance Commissioner at Woking Council.

    Applies to England

    Documents

    Woking Borough Council: Letter to Barry Scarr appointing him as Finance Commissioner

    PDF, 185 KB, 3 pages

    Details

    Copy of the letter from James Blythe, Deputy Director, Local Government Stewardship and Intervention, at Ministry of Housing, Communities and Local Government to Barry Scarr, confirming the Parliamentary Under-Secretary of State‘s decision to appoint him as the Finance Commissioner to Woking Council until 31 October 2025.

    Updates to this page

    Published 15 April 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

    April 16, 2025
  • MIL-OSI United Kingdom: Thirteen new tourism experiences set to boost visitor numbers to the borough!

    Source: Northern Ireland City of Armagh

    Thirteen new tourism entrepreneurs attended a celebration event at The Halfway House, Banbridge to mark an exciting milestone in the inaugural Tourism Experience Development programme with Armagh City, Banbridge and Craigavon (ABC) Borough Council and Tourism Specialist Team RUNDA.

    Thirteen unique and exciting tourism experiences will help secure the borough’s position as an unforgettable tourism destination for domestic and international visitors!

    From experiencing the traditional sport of road bowling, modern textiles, food and drink and ancient Celtic warriors, to unearthing hidden gems, eco-crafts and storytelling, the new experiential offerings will help to shape a promising future for the local tourism landscape.

    At a celebration event to mark an exciting milestone for the participants of the inaugural Tourism Experience Development programme with Armagh City, Banbridge and Craigavon (ABC) Borough Council, Deputy Lord Mayor Councillor Kyle Savage said: “We are a borough rich in culture and heritage and these new attractions and experiences will certainly help to secure our position as a leading tourism destination with visitors, from near and far.

    “Through the Tourism Experience Development programme, we have supported 13 new tourism entrepreneurs to enhance their offerings, which will ultimately help to boost tourism, support our local economy and put our borough on the map as a tourism destination of choice!”

    The Tourism Experience Development programme was launched by ABC Council in August 2024 and delivered by Tourism Specialist Team RUNDA, with the aim of discovering and nurturing the borough’s next generation of tourism entrepreneurs.

    (L-R): Mandy O’Rorke, RUNDA; Joanne McElmeel (Tourism Liaison Officer, ABC Council); Deputy Lord Mayor, Councillor Kyle Savage; Christine Winter (Dan Winter’s Cottage); Colin Winter, (Dan Winter’s Cottage); Alderman Paul Greenfield (Chair of Economic Development and Regeneration Committee); Ghilian Campbell (Destination Sales Officer, ABC Council).

    Thirteen participants were shortlisted and embarked on an intensive hybrid programme packed with expert-led workshops, one-to-one mentoring and hands-on market testing.

    The participants, the majority of whom are new to the tourism sector, embraced every opportunity to learn about the tourism landscape; how to curate authentic experiences; delivering memorable visitor experiences; pricing and contracting; understanding the commercial landscape of the tourism industry; and testing and refining their ideas to ensure market-readiness.

    The new tourism entrepreneurs will continue to work with the ABC Council’s tourism team to progress their experiences with local and international tourism markets: Farmyard Tales (at Ardress House); Armagh Road Bowling Experience; Mud Walls of Memories (Dan Winter’s Cottage); The Spirit of a Rural Irish Pub (Halfway House); Gelato Making (at Alice’s Kitchen Table, Moo Valley); Whisk it up – A traditional Sauna Experience (Hot Rocks Sauna); Illustrations of Armagh – A Journey of Angels and Gargoyles (Johnathan Hackett Art); Native and Wild Cook up (On the Hoof); ELN Custom T-Shirt Design (ELN Studio); The Spirit of Armagh, Cathedral and Museum Discovery (St Patrick’s Cathedral); Imprints of Nature, Explore Forage & Expression (Tina McGleenan Artist); The Art of Coffee (Gallery Coffee) and Meet the Celts (Navan Centre & Fort).

    For more information please email

    *protected email*

    MIL OSI United Kingdom –

    April 16, 2025
  • MIL-OSI USA: Governor Hochul Talks Budget & Other Issues on ‘Inside City Hall’

    Source: US State of New York

    arlier today, Governor Kathy Hochul was a guest on “Inside City Hall” with Errol Louis to discuss the State budget and other issues facing New York.

    AUDIO: The Governor’s remarks are available in audio form here.

    A rush transcript of the Governor’s remarks is available below:

    Errol Louis, NY1: Governor Hochul, thank you for joining me tonight. We have an open door policy, so we’re always glad to see you.

    Governor Hochul: Thank you.

    Errol Louis, NY1: But, when we spoke last time, it was after the Budget was passed. Are you taking a victory lap in advance? Is this positive thinking?

    Governor Hochul: No, well, I spoke to you when I first introduced the Budget in January, so I decided I’d give you a progress report.

    Errol Louis, NY1: Okay.

    Governor Hochul: And, you know, there’s no reason we can’t wrap it up in the near term, but people know what I’m holding out for — just like I had to do this with bail and significant housing reforms so you could build more housing because we have an affordability crisis — so, everyone knows what I’m standing for. And I’m not wavering on my belief that we need to make some significant reforms before we can say this Budget process is over.

    I’ll keep up the fight and I don’t think a lot of people are worried about the time clock — maybe some reporters are, but most people aren’t even aware there’s a late Budget because we’re continuing to fund government; it’s not like Washington when the government literally shuts down. So, all services are being provided and I have to use the leverage I have to say there’s policies that are important that I don’t believe will get done by the Legislature because this is who I’m fighting for, the people of this State, and they know it.

    Errol Louis, NY1: You know, I want to get into the substance of why this delay and why you’re standing fast on this — but, I wanted to play something for you. George Pataki, the former governor, Republican. The last time there was a Republican governor, it was George Pataki. Um, and he actually praised you for holding up the Budget. I wanted to play a little bit of what he said on ABC yesterday and get your reaction.

    […]

    Errol Louis, NY1: Okay, what do you make of that?

    Governor Hochul: That’s quite a compliment. I mean, I always am willing to stand up and take the heat to do what’s right, and I have done so many events with victims of crimes whose cases were thrown out of court on technicalities that had nothing to do with anything that would’ve been exculpatory for a defendant, anything that would’ve been important in that case — stuff that doesn’t matter: duplicate body cams or a piece of paper that you already have a record of and the cases are being thrown out; especially, 94 percent of domestic violence cases are being thrown out of court and those victims walk out, and they know their abuser can lie and wait and attack them again, or harm their families; 100 have been killed in the last year.

    We have records for it, two years ago — 100 New Yorkers died at the hands of someone who had been an intimate partner. I’m trying to stop that. I don’t want people cycling back out in the streets because of technicalities. But I support the original concept behind the changes in 2019 because I don’t want people languishing in court — I am sorry, in jail waiting to go to trial. There should be a timeframe on that. That’s not fair to the defendants. They’re not even guilty of a crime when they’re sitting in jail. And also, just the way it was skewed that prosecutors had the upper hand because they could wait till the last minute to give information to the defense.

    That was all wrong and I’d say that; I’m not changing that. I’m simply saying that it swung the other way, so we’re having judges believe under the law, they must dismiss these cases on technicalities. Serious dismissals? Yes. Someone hides important information? Yes, there has to be consequences, but it should be proportional to what the material is that you left behind.

    Errol Louis, NY1: Well, yeah. In fact, let me explain for my viewers. In criminal cases under the current law, and these were changed in 2019, everybody has to see all of the evidence — the defense and the prosecution — all of the evidence has to be presented. If, for some reason, important evidence is not presented in time, within a certain period of time, generally about 60 days or so, the judge is legally supposed to dismiss the case, and certainly, if there was no due diligence — if the prosecution, for example, didn’t even really try and go out and get all of the information that was relevant, then the case gets dismissed.

    And so, the thinking now is that that has gone too far, that there are cases where, say there were five cops at a crime scene and you forgot to get the records from the fifth cop — which would’ve duplicated the other four cops — should the case be dismissed? And, so, the judges are, in some cases, making that decision.

    What specific change would stop that from happening? Because, again, this is always a judgment call.

    Governor Hochul: Right, of course it is. But you said if it’s “important evidence.” We’re not talking about “important evidence.” I’m talking about something, as you gave that example, a recording on someone’s — a body cam of someone who came two hours after the crime and they didn’t think to get that because it’s not relevant.

    So the question right now is, is it relevant or is it related? Okay. Is it just related to the — yeah, that’s related to the case. Sure, that guy showed up later, he has a record, but is it really relevant to the guilt or innocence of that individual — and that’s what’s hanging a lot of this up. But also, the judges should be able to look at the severity of what has been neglected to be turned over and deal with it proportionally.

    If it’s really bad that they should have known and they should have turned it over, and it seems like there’s something sinister, they’re trying to hide it from the defense, I would definitely want those dismissed, right? You have the power to do that. But if it turns out that they worked all the way up until — you know, there’s a short timeframe to turn this over, they did everything they could; they exercised the due diligence, they tried to find everything and some record was missing that was not important to the disposition of the case. That one, they should say, you don’t dismiss, you let it go forward, and there should be a proportional response to what was the weight of that evidence, the proportional —

    Errol Louis, NY1: You know what I think may be happening, Governor? I saw something called — it’s an organization called scrutinize.org, and they went through hundreds and hundreds of unreported decisions; these are not ones you’re going to find online, but they went through a lot of judicial decisions — 300 of them, they said, when there were dismissals of this kind — and what you find over and over again is not malicious behavior by prosecutors, but kind of lazy behavior, you know? What I’ve heard from a number of sources is that sometimes the sticking point is not even with the prosecutor, but with the NYPD because they’re supposed to turn over disciplinary records of any cop that’s involved in the case and the NYPD can be somewhat reluctant and somewhat slow — maybe their systems are not up to speed.

    What do you want to do to fix that problem?

    Governor Hochul: I want to say this: New York’s discovery laws are by far the most progressive in the nation in terms of being, I would say, skewed toward more positive outcomes for the defense. The prosecutors, since 2019, now have to go through 21 categories of materials that must be turned over. No other state has that. What I’m trying to do is make sure that the judge will actually look at what was missing, how much weight that should have against the importance of the case. Is it important? Is it relevant? Is it just related?

    Let them make that decision. Let a judge be involved in that. Look at those factors from the 21 categories — I’m not saying get rid of those — but even if every one of the reforms I want changed is enacted, we will still, by far, have the most progressive discovery laws in the nation.

    We’re not rolling things back, and people who are mischaracterizing my motivation here — I’m just looking out for the public safety of everyday New Yorkers who are saying, “I want to be safe in my streets.” And this is not the only dynamic. People know that I fought hard to get the bail laws changed so we don’t have people cycling in and out of the system who committed crimes, who never should have been let out — they should have been held on bail. We know those stories, and now I just want to stop this insanity of a huge spike in dismissals in New York City and in the rest of the State resulting from these changes. Something has gone wrong where people who otherwise would’ve been held and gone to trial to determine guilt or innocence are now walking the streets without us ever knowing, and they’ll be back again if they’ve done it before.

    Errrol Louis, NY1: Okay. I mean, one last point. When I spoke with an advocate for domestic violence rights not long ago, one thing she pointed out was that there’s not always, in these cases, a clear line between victim and perpetrator as far as the law is concerned, meaning if there are cross complaints of domestic violence, it’s not clear who you’re protecting when a case is dismissed or kept in the court.

    Governor Hochul: Of course there’s always exceptions, and what I said, I never want to do it — I think the Legislature does a lot — we legislate to the exception and forget the vast number of people who are victims, who are turned on by someone they thought would love and take care of them. A lot of women, my mother was in a home where there was domestic violence and she grew up to be a champion and advocate. She changed laws in Albany when I was in high school. I watched my mom fight for them. We opened a home for victims of domestic violence, my family did, because I saw how this devastates people and it’s so hard for them to recover.

    My mom used to take women into court and sit with them, and if a case came up when they weren’t able to keep the defendant held and get an order of protection, and the woman had to go home and know that person is out there still stalking her and her children — I mean, this is what I’m fighting for and I just want more people to understand why I am doing this, why this is so important. But it’s not just domestic violence, it’s all crimes. People need to be held accountable for what they did, and you should not have a case where the police have arrested someone, brought forth evidence, making the case with the prosecutor.

    And, by the way, the prosecutor is an officer of the court; they’re not supposed to be pro-defendant, pro-victim — they have to be objective, right? And they’re not going to do something or they should not do something because there are consequences if they do something wrong in the first place. They can be disbarred, they can be brought up on disciplinary charges —

    Errol Louis, NY1: Sure.

    Governor Hochul: They can go through —

    Errol Louis, NY1: They can also be voted out of office.

    Governor Hochul: There’s a lot of things that can happen. I know there’s a mistrust of the system, I understand that —

    Errol Louis, NY1: This sounds personal for you and it doesn’t sound like the kind of thing that’s going to get bargained away the way so many things get sort of traded up in Albany.

    Governor Hochul: I held firm on bail as well. Anything that has to do with the safety of New Yorkers who are feeling this sense that we don’t care about them, we’re not looking out for them; they’re afraid to walk the streets, take our subways, have their kids walk home from school. I’m a mom, it is personal to me; the safety of every New Yorker is always going to be personal to me.

    Errol Louis, NY1: Let me ask you about some of the other things that are happening. In the wake of last week’s fatal helicopter crash in the Hudson River, Senator Schumer yesterday said he’d like to end helicopter tourism in New York City. The Mayor doesn’t sound like he’s inclined to go in that direction. I was wondering what your view of that is.

    Governor Hochul: Yeah. I have not had a chance to process. I mean, that is a horrible tragedy. When you see those children’s faces, and they’re so happy and excited to be in New York, and to know that they’re forever gone — it just makes your heart sink. I will look at the answers. I know there’s some bills introduced in the Legislature, and again, there’ll be many debates about this, but I think we need to, right now, process the sadness of that tragedy and the loss of life.

    Errol Louis, NY1: Do you take the State helicopter a lot? How do you feel about it? Is it a safe form of travel?

    Governor Hochul: I feel it is, but also I have the most experienced pilots probably in the nation. These people are battle-tested and they’re constantly, constantly inspecting helicopters for their safety and taking this one out of commission because it’s time for repairs. So, I do feel very secure.

    Errol Louis, NY1: Upstate, over the weekend, a family of six perished in the crash of a small airplane. Do you have any updates on that? Do we know if there was a safety —

    Governor Hochul: No. I have to say this. I want to know what’s going on. In this new administration in Washington where there have been cuts, where there has been this sense that we really don’t need government to be there to protect us or work for us anymore, this whole rethinking of the federal government’s responsibility — one of their responsibilities is to keep our skies safe, and that has not been happening. You look at what happened in Washington, my son could hear it from his house, the crash in the Potomac.

    What’s happened in New York? There’s been so many airplane crashes and near misses, so air traffic controllers run by the FAA, we should be looking to Washington asking questions of them. “What is going on here under your watch, Mr. Secretary of Transportation,” who’s more concerned about safety in the subways then he has safety in the skies — and that’s his job to make sure our skies are safe.

    I’m continuing to focus on safety with the Mayor in the subways. And guess what? They’re dramatically improved since they had been before the pandemic. Our numbers are still — no crime is acceptable. We’re going to keep working. We’re not done, but dramatically better. So I wish he’d focus on his job as well.

    Errol Louis, NY1: I was going to say, those concerns that you’re raising about the administration, when’s the last time you spoke to President Trump?

    Governor Hochul: The day he did the tariffs, I got a phone call from him. Was that two weeks ago now, the first wave of crisis? Unforced destruction of our economy? I cannot exaggerate the impact. I have Wall Street —

    Errol Louis, NY1: What did he do? He called to tell you to duck? Or “Wall Street might be a little busy today?”

    Governor Hochul: No, Wall Street. I have Main Street, I have farms, I have everything. But no, he actually actually talked to me about Amtrak, because we talked about this, I talked about Penn Station when I was in his office, right. We had a long meeting and I was talking about getting federal support for infrastructure projects. And I said, “We can work together. I’m trying to find some areas we can work together.”

    And I said, “I’ve got to fight. I’m going to fight you on everything else. You know that I don’t mind standing up and taking on the fights. But an area we can get some collaboration,” because I’ll need federal dollars, something like Penn Station, which I was letting him know that Amtrak was a barrier to why it’s taking so long. And maybe we can work together to do something about that. So he just called to let me talk about that. It was a very quick call. He goes, “I’m working on Amtrak.”

    Errol Louis, NY1: There is this reputation that the President has that either you’re with him and you’re kissing his ring or you’re a sworn enemy and he’ll try and destroy you. You seem to be steering a middle course.

    Governor Hochul: We’ll see how long it lasts. My job is to protect New York at all costs, and if that means standing up to someone who I think has been very destructive, who has now hurt our economy; and whether it’s the North Country where the commerce with Canada is now destroyed, visitors are way down in Buffalo — those local economies count on them shopping in stores, going to our sporting events and even just that snapshot of what’s happened to our State, and driving costs up.

    Errol, you heard me talk about this when I was here talking about my affordability agenda. I have a plan to put $5,000 back in the pockets of families with little kids: the child tax credit, the middle class tax cut, the inflation rebate. You name it, we’re finding a way to put it in your pocket. And at the same time, these tariffs are going to suck that money right out of your other pocket — anywhere from $3,000 to $6,000 more.

    It’s unconscionable, what he is doing. The President promised on Inauguration Day that prices would go down, and guess what? They’ve gone way up. And heaven help anybody who’s going to use real eggs on Easter. I have an Easter egg roll at the Governor’s Residence, inviting kids from the neighborhood over, but we can’t use, I have to use —

    Errol Louis, NY1: Yeah, don’t use real eggs.

    Governor Hochul: I can’t, I can’t afford them.

    Errol Louis, NY1: Lumps of tofu or something. What’s your reaction to the administration threatening to pull federal funding from Columbia University? That appears to be expanding, and now it includes the other New York Ivy, which is Cornell, which is partly a State school, as a matter of fact.

    Governor Hochul: It’s despicable. It is absolutely despicable. Threatening our educational institutions because they don’t teach the way you want them to — now, people who criticize the antisemitism on our campuses are not wrong. It is rampant in ways that are shocking to me, especially after October 7 and I stand with the Jewish community.

    I went to Cornell after the threats and right afterward I came back from my father’s funeral who passed away when I was in Israel after the attacks, and I went right to Cornell and sat with the kids in the Center for Jewish Life. And they were terrified because it was someone who was posting social media content that you should kill all the Jewish students.

    Errol Louis, NY1: Sure.

    Governor Hochul: And how are these kids supposed to learn and just socialize and have a normal college life when they’re being threatened like that? So we have to continue focusing on that right to speech, right to protest, yes. I was a protester. You were probably a protester on campus. We all did that. But it wasn’t against other students. I protested apartheid in South Africa. My parents protested the Vietnam War. But it was never hurtful to other students.

    Errol Louis, NY1: Right.

    Governor Hochul: And that’s what we’re seeing too much of. But that being said, to take away and threaten schools’ funding, which is used for research in vaccinations and cures for cancer — these institutions are also laboratories of ideas and especially in the health care space. So it’s a real crisis for New York to have that money gone from our institutions. And the problem is the State can’t make it up.

    We have $93 billion that we get from the federal government in our Budget. I can’t make up the loss of money if that goes, or with private institutions —

    Errol Louis, NY1: $93 billion with a “B”?

    Governor Hochul: Out of a $252 billion Budget, $93 billion covers — it’s Medicaid, it’s education money, it is child care money, it is nutrition money. We rely on the federal government. It’s why we pay federal taxes.

    Errol Louis, NY1: Well your proposed Budget increases spending by about $10 billion. Under the circumstances, the kind of turbulence that you’re talking about coming out of Washington, are you going to go to the rainy day fund or maybe make some adjustments?

    Governor Hochul: So much of it is mandated. Medicaid is one of the biggest drivers. Medicaid and education, the biggest, by far the largest part of our Budget. And Medicaid costs go up, I can’t stop that increase. I think it was an 11 percent or 14 percent increase this year without adding anything. That’s just how it happened.

    So, I’ve got to continue providing services. But I have been very financially smart about these budgets. When I first became Governor, we had 4 percent in reserves. We now have about 15 percent for that rainy day, which —

    Errol Louis, NY1: That was your target, yes.

    Governor Hochul: Could be a recession, we’re at $21 billion, but I can’t use it to backfill recurring expenses. What does that mean? I can do one time shot of something. I can do something to help put money in peoples’ pockets, which I’m going to do with our inflation rebate, but I can’t say that I’m going to invest more in a program that I need to have that money year after year, after year, after year. That’s called recurring expenses. We cannot do that. It’s going to be one shot only.

    Errol Louis, NY1: Before I let you go, there was something that just happened today. We just heard from the attorney for a Palestinian student, believe at Columbia, a 10 year green card holder was taken into custody by DHS today. Does DHS coordinate with the State? Do you hear about any of this in advance?

    Governor Hochul: No. No. And I have said this to Tom Homan, I said, “Our laws say we will work with you, State Police will work with you if you have a warrant, someone has committed crimes here, crimes in their own country, they’re on a terrorism watch list. We’ll cooperate with you in those circumstances easily.” We did that under Joe Biden. We did this, we’ve always done this.

    But what you’re trying to do is take — when you split up families like they did up in Sackets Harbor, if you’re familiar with this case, Tom Homan’s hometown, they had masks and people walking in with guns. The ICE agents at 6:00 a.m. roused this family of a couple teenage boys, their mom and a third grader, and took them for 11 days to a detention center in Texas and I said, “They’ve got to come back. You’ve got to bring them back. They didn’t do anything wrong.”

    I talked to the farmer and everybody else. This community was an uproar. And this is probably a pretty red area of our State, right? And politics didn’t matter. You just separated a family. And when they do that, I called and said they’ve got to come back. I talked to Homan a couple times. They did come back. But my God, if we hadn’t put on so much pressure. And the school, my God, the principal of that school fought so hard to get this family back united again.

    This is America for God’s sakes. Why should we have to worry about kids getting scooped off a campus or out of their beds in Sackets Harbor? I’m the Governor, I will fight for my State, but this has gone too far.

    Errol Louis, NY1: Okay. We’re going to leave it there for now. I’m going to guess that because it’s Holy Week and it’s Passover and Easter’s coming up that we may not see a Budget this week. Is that a safe bet?

    Governor Hochul: I would say April gets tough because we had Eid, we had Passover, we have Easter, so this would be a tough week to get it done. But I have been driving this with a sense of urgency even a month before the Budget process started, meeting with the leaders saying, “We can get this done. There’s a path. There’s a path we can get on down.”

    So I’m going to be pushing hard to get this done, but when we head into April, I’ll be able to get a lot more of the things that I think are important for New Yorkers, that they’re grateful I get in and the Legislature has the rest of Session to press their priorities.

    They have something that I don’t have, they introduce bills and pass them. So this is the time that I have an opportunity to talk about what I think, and I know what New Yorkers are looking for from us, and that’s public safety and affordability.

    Errol Louis, NY1: Okay. We’ll leave it there for now. Thanks so much for coming by. Great talking with you.

    Governor Hochul: Good to see you, thank you.

    MIL OSI USA News –

    April 16, 2025
  • MIL-OSI Global: Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows

    Source: The Conversation – USA – By Bedassa Tadesse, Professor of Economics, University of Minnesota Duluth

    Feeling tariff whiplash? You’re not alone. On April 2, 2025, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S. imports, along with targeted duties aimed at punishing countries he accuses of exploiting American markets. Just a week later, on April 9, his administration abruptly paused much of the plan for 90 days, leaving markets and allies scrambling for clarity.

    The proposed tariffs were pitched as a way to revive U.S. manufacturing, reclaim jobs and counter what Trump considers unfair trade practices. But they immediately rattled the financial markets and raised alarms among economists and America’s global partners. Critics across the political spectrum revived a familiar warning: “beggar-thy-neighbor.”

    History shows that such policies rarely succeed. In today’s interconnected world, they’re more likely to provoke swift, precise and painful retaliation.

    What is the ‘beggar-thy-neighbor’ strategy?

    The phrase comes from economic history and refers to protectionist measures – tariffs, import restrictions or currency manipulation – designed to boost one country’s economy at the expense of its trading partners. Think of it like cleaning your yard by dumping the trash into your neighbor’s property: It looks tidy on your side until they respond.

    This approach starkly contrasts with the principles laid out by Adam Smith. In “The Wealth of Nations,” he argued that trade is not a zero-sum game. Specialization and open markets, he observed, create mutual benefit – a rising tide that lifts all boats. Trump’s tariffs disregard this logic.

    And history backs Smith. In the 1930s, the U.S. adopted a similar strategy to the one Trump is experimenting with through the Smoot-Hawley Tariff Act, raising duties to protect domestic jobs. The result was a wave of global retaliation that choked international trade and worsened the Great Depression.

    A case in point: Lesotho

    As an example, consider the 50% tariff the United States imposed on imports from Lesotho, a small landlocked African nation. The measure took effect at midnight on April 3 but was reportedly subject to the 90-day pause starting midday April 4.

    The tariff rate was calculated by taking the U.S. trade deficit with Lesotho – US$234.5 million in 2024 – dividing that by the total value of Lesotho’s exports to the U.S., or $237.3 million, and dividing that by two.

    The 50% tariff would have a negligible effect on the U.S. economy – after all, out of the $3.3 trillion the U.S. imported in 2024, only a tiny fraction came from Lesotho. But for Lesotho, a nation that relies heavily on garment exports and preferential U.S. market access, the consequences would be severe. Using the same tariff logic across all partners, big or small, overlooks basic economic realities: differences in scale, trade capacity and vulnerability. It epitomizes beggar-thy-neighbor thinking: offloading domestic frustrations onto weaker economies for short-term political optics.

    Lesotho is just one example. Even countries that import more from the U.S. than they export, such as Australia and the U.K., haven’t been spared. This “scoreboard” mentality – treating trade deficits as losses and surpluses as wins – risks reducing the complexity of global commerce to a tit-for-tat game.

    The return of a familiar — and risky — playbook

    Such thinking has consequences. During Trump’s first term, China retaliated against U.S. tariffs by slashing imports of American soybeans and pork. As a result, those exports plummeted from $14 billion in 2017 to just $3 billion in 2018, hitting politically sensitive states like Iowa hard. The European Union responded to U.S. steel and aluminum tariffs by threatening to target bourbon from Kentucky and motorcycles from Wisconsin – iconic products from the home states of former GOP leaders Mitch McConnell and Paul Ryan. Canada and the European Union have shown a willingness to use similar tactics this time around.

    This isn’t new. In 2002, President George W. Bush imposed tariffs of up to 30% on imported steel, prompting the European Union to threaten retaliatory tariffs targeting products such as Florida citrus and Carolina textiles made in key swing states. Facing domestic political pressure and a World Trade Organization ruling against the measure, Bush reversed course within 21 months.

    A decade earlier, the Clinton administration endured a long-running trade dispute with the EU known as the “banana wars,” in which European regulators structured import rules that disadvantaged U.S.-backed Latin American banana exporters in favor of former European colonies.

    During the Obama years, the U.S. increased visa fees that disproportionately impacted India’s technology services sector. India responded by delaying approvals for American drugmakers and large retail investments.

    Not all forms of trade retaliation grab headlines. Many are subtle, slow and bureaucratic – but no less damaging. Customs officials can delay paperwork or may impose arbitrary inspection or labeling requirements. Approval for U.S. pharmaceuticals, tech products or chemicals can be stalled for vague procedural reasons. Public procurement rules can be quietly rewritten to exclude U.S. companies.

    While these tactics rarely draw public attention, their cumulative cost is real: missed delivery deadlines, lost contracts and rising operational costs. Over time, American businesses may shift operations abroad – not because of labor costs or regulation at home, but to escape the slow drip of bureaucratic punishment they experience elsewhere.

    Tariffs in a connected economy

    Supporters of tariffs often argue that they protect domestic industries and create jobs. In theory, they might. But in practice, recent history shows they are more likely to invite retaliation, raise prices and disrupt supply chains.

    Modern manufacturing is deeply interconnected. A product may involve assembling components from a dozen countries, moving back and forth across borders. Tariffs hurt foreign suppliers and American manufacturers, workers and consumers.

    More strategically damaging, they erode U.S. influence. Allies grow weary of unpredictable trade moves, and rivals, including China and Russia, step in to forge deeper partnerships. Countries may reduce their exposure to the U.S. dollar, sell off Treasury bonds, or align with regional blocs like the BRICS group – led by Brazil, Russia, India, China and South Africa – not out of ideology, but necessity.

    In short, the U.S. weakens its own strategic hand. The long-term cost isn’t just economic – it’s geopolitical.

    Rather than resorting to beggar-thy-neighbor tactics, the U.S. could secure its future by investing in what truly drives long-term strength: smart workforce development, breakthrough innovation and savvy partnerships with allies. This approach would tackle trade imbalances through skillful diplomacy instead of brute force, while building resilience at home by equipping American workers and companies to thrive – not by scapegoating others.

    History makes a clear case: Ditching the obsession with bilateral trade deficits and focusing instead on value creation pays off. The U.S. can source components from around the world and elevate them through unmatched design, innovation and manufacturing excellence. That’s the heartbeat of real economic might.

    Bedassa Tadesse 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. Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows – https://theconversation.com/beggar-thy-neighbor-harm-thyself-tariffs-like-trumps-come-with-pitfalls-history-shows-254141

    MIL OSI – Global Reports –

    April 16, 2025
  • MIL-OSI Global: Volcanic ash is a silent killer, more so than lava: What Alaska needs to know with Mount Spurr likely to erupt

    Source: The Conversation – USA – By David Kitchen, Associate Professor of Geology, University of Richmond

    One of two main craters on Alaska’s Mount Spurr, shown in 1991. Earthquake activity suggests the volcano is close to erupting again in 2025. R.G. McGimsey/Alaska Volcano Observatory/U.S. Geological Survey, CC BY

    Volcanoes inspire awe with spectacular eruptions and incandescent rivers of lava, but often their deadliest hazard is what quietly falls from the sky.

    When a large volcano erupts, as Mount Spurr appears close to doing about 80 miles from Anchorage, Alaska, it can release enormous volumes of ash. Fine ash can infiltrate the lungs of people and animals who breathe it in, poison crops and disrupt aquatic life. Thick deposits of ash can collapse roofs, cripple utilities and disrupt transport networks.

    Ash may lack the visual impact of flowing lava, but as a geologist who studies disasters, I’m aware that ash travels farther, lasts longer and leaves deep scars.

    Ash buried cars and buildings after the 1984 eruption of Rabaul in Papua New Guinea.
    Volcano Hazards Program, U.S. Geological Survey

    Volcanic ash: What it is, and why it matters

    Volcanic ash forms when viscous magma – molten rock from deep beneath Earth’s surface – erupts, exploding into shards of rock, mineral and glass carried in a near-supersonic stream of hot gas.

    Towering clouds of ash rise several miles into the atmosphere, where the ash is captured by high-altitude winds that can carry it hundreds or even thousands of miles.

    As the volcanic ash settles back to Earth, it accumulates in layers that typically decrease in thickness with distance from the eruption source. Near the vent, the ash may be several feet deep, but communities farther away may see only a dusting.

    When Mount Spurr erupted in 1992, a dark column of ash and gas shot into the atmosphere from the volcano’s Crater Peak vent. Wind patterns determine where the ash will fall.
    U.S. Geological Survey

    Breathing danger: Health risks from ash

    Breathing volcanic ash can irritate the throat and lungs, trigger asthma attacks and aggravate chronic respiratory conditions such as COPD.

    The finest particles pose the greatest risk because they can penetrate deep into the lungs and cause death by asphyxiation in the worst cases. Mild, short-term symptoms often resolve with rest. However, the long-term consequences of ash exposure can include silicosis, a lung disease and a possible cause of cancer.

    The danger increases in dry regions where fallen ash can be kicked up into the air again by wind or human activity.

    Risks to pets and livestock

    Humans aren’t the only ones at risk. Animals experience similar respiratory symptoms to humans.

    Domestic pets can develop respiratory distress, eye inflammation and paw irritation from exposure to ash.

    Ash covers sheep in Argentina after the 2011 Puyehue volcanic eruption in Chile.
    Federico Grosso/U.S. Geological Survey

    Livestock face greater dangers. If grazing animals eat volcanic ash, it can damage their teeth, block their intestines and poison them.

    During the 2010 Eyjafjallajökull eruption in Iceland, farmers were advised to shelter sheep and cattle because the ash contained fluoride concentrations above the recognized safety threshold of 400 parts per million. Animals that remained exposed became sick and some died.

    Harm to crops, soil and water

    Soil and crops can also be damaged. Volcanic ash alters the acidity of soil and introduces harmful elements such as arsenic and sulfur into the environment.

    While the ash can add nutrients such as potassium and phosphorus that enhance fertility, the immediate impact is mostly harmful.

    Ash can smother crops, block sunlight and clog the tiny stomata, or pores, in leaves that allow plants to exchange gases with the atmosphere. It can also introduce toxins that render food unmarketable. Vegetables, fruit trees and vines are particularly vulnerable, but even sturdy cereals and grasses can die if ash remains on leaves or poisons emerging shoots.

    Following the 1991 Mount Pinatubo eruption, vast tracts of farmland in central Luzon in the Philippines were rendered unproductive for years due to acidic ash and buried topsoil. If multiple ashfalls occur in a growing season, crop failure becomes a near certainty. It was the cause of a historic famine that followed the eruption of Mount Tambora in 1815.

    Ash from a 1953 eruption of Mount Spurr included very fine grains, like powder. The ash cloud reached about 70,000 feet high and left Anchorage under a blanket of ash up to a quarter-inch deep, according to a U.S. Geological Survey report at the time.
    James St. John via Wikimedia Commons, CC BY
    Electron microscope images of ash show how sharp the shards are. The top left image of shards from Mount Etna in 2002 is 1 mm across. Top right is an ash particle from Mount St. Helens magnified 200 times. The shards in the lower images are less than 0.064 mm.
    Volcano Hazards Program, U.S. Geological Survey

    Ash can also contaminate surface water by introducing toxins and increasing the water’s acidity. The toxins can leach into groundwater, contaminating wells. Fine ash particles can also settle in waterways and smother aquatic plants and animals. During the 2008 Chaitén eruption in Chile, ash contamination led to widespread fish deaths in the Río Blanco.

    Ash can ground airplanes, gum up infrastructure

    Ash clouds are extremely dangerous to aircraft. The glassy ash particles melt when sucked into jet turbines, clog fuel systems and can stall engines in midair.

    In 1982, British Airways Flight 9 lost power in all four engines after flying through an ash cloud. A similar incident occurred in 1989 to KLM Flight 867 over Alaska. In 2010, Iceland’s Eyjafjallajökull eruption grounded more than 100,000 flights across Europe, disrupting travel for over 10 million passengers and costing the global economy billions of dollars.

    Volcanic ash can also wreak havoc on infrastructure by clogging water supplies, short-circuiting electrical systems and collapsing roofs under its weight. It can disrupt transportation, communication, rescue and power networks, as the 1991 eruption of Mount Pinatubo in the Philippines dramatically demonstrated.

    What to do during ashfall

    During an ashfall event, the most effective strategy to stay safe is to stay indoors as much as possible and avoid inhaling ash particles.

    Anyone who must go outside should wear a properly fitted N95 or P2 mask. Cloth masks provide little protection against fine ash. Rainwater tanks, troughs and open wells should be covered and monitored for contamination. Livestock should be moved to clean pastures or given uncontaminated fodder.

    The challenges Alaska is facing if Mount Spurr erupts.

    To reduce structural damage, ash should be cleared from roofs and gutters promptly, especially before rainfall.

    Older adults, children and people who are sick are at greatest risk, particularly those living in poorly ventilated homes. Rural communities that are dependent on agriculture and livestock are disproportionately affected by ashfall, as are low-income people who lack access to clean water, protective masks or safe shelter.

    Communities can stay informed about ash risks through official alerts, including those from the Volcanic Ash Advisory Centers, which monitor ash dispersion and issue timely warnings. The International Volcanic Health Hazard Network also offers guidelines on personal protection, emergency planning and ash cleanup.

    The long tail of ash

    Volcanic ash may fall quietly, but its effects are widespread, persistent and potentially deadly. It poses a chronic threat to health, agriculture, infrastructure and aquatic systems.

    Recognizing the risk is a crucial first step to protecting lives. Effective planning and public awareness can further help reduce the damage.

    David Kitchen 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. Volcanic ash is a silent killer, more so than lava: What Alaska needs to know with Mount Spurr likely to erupt – https://theconversation.com/volcanic-ash-is-a-silent-killer-more-so-than-lava-what-alaska-needs-to-know-with-mount-spurr-likely-to-erupt-254461

    MIL OSI – Global Reports –

    April 16, 2025
  • MIL-OSI Global: 25 years of Everglades restoration has improved drinking water for millions in Florida, but a new risk is rising

    Source: The Conversation – USA – By John Kominoski, Professor of Biological Sciences, Florida International University

    The Everglades has often been referred to as a vast river of grass. National Park Service/B.Call via Flickr

    Do you know where your drinking water comes from?

    In South Florida, drinking water comes from the Everglades, a vast landscape of wetlands that has long filtered the water relied on by millions of people.

    But as the Everglades has shrunk over the past century, the region’s water supply and water quality have become increasingly threatened, including by harmful algal blooms fueled by agriculture runoff. Now, the water supply faces another rising challenge: saltwater intrusion.

    Waterways cut through the Everglades.
    South Florida Water Management District/Flickr, CC BY-ND

    Protecting South Florida’s water hinges on restoring the Everglades. That’s why, 25 years ago, the federal government and universities launched the world’s largest ecosystem restoration effort ever attempted.

    I’m involved in this work as an ecosystem ecologist. The risks I see suggest continuing to restore the Everglades is more crucial today than ever.

    What happened to the Everglades?

    The Florida Everglades is a broad mosaic of fresh water, sawgrass marshes, cypress domes and tree islands, mangrove forests and seagrass meadows all connected by water.

    But it is half its original size. In the early 1900s, the U.S. Army Corps of Engineers began installing canals and levees to control flooding in the Everglades, which allowed people to build farms and communities along its edges. The Tamiami Trail became the first road across the Everglades in 1928. It connected Tampa to Miami, but the road and canals cut off or diverted some of the natural water flow in South Florida.

    Maps show how the Everglades changed over time. Source: USGS.

    Since then, Florida’s economy, agriculture and population have exploded – and with them has come a nutrient pollution problem in the Everglades.

    The major crop, sugarcane, is grown in a region south of Lake Okeechobee covering 1,100 square miles that’s known as the Everglades Agricultural Area. Nearly 80 tons of phosphorus fertilizer from federally subsidized farm fields runs off into the Everglades wetlands each year. And that has become a water quality concern. Drinking water with elevated nitrogen is linked to human health problems, and elevated phosphorus and associated algal blooms can cause microbes to accumulate toxins such as mercury.

    Healthy wetlands can filter out those nutrients and other pollutants, cleaning the water.

    Some of the ways the Everglades filters water contaminated with phosphorus.
    South Florida Water Management District

    Rain falling in the Everglades percolates through the porous limestone and recharges the Biscayne Aquifer, which supplies drinking water for 1 in 3 Floridians.

    But wetlands need time and space to function properly, and the damage from farm pollution has harmed that natural filtering system.

    By the 1990s, Everglades wetlands and the wildlife they support hit a critical stress level from elevated concentrations of phosphorus, a nutrient in fertilizer that washes off farm fields and fuels the growth of toxic algal blooms and invasive species that can choke out native plant populations.

    The changes led to seagrass die-offs and widespread invasion of sawgrass marshes by cattail and harmful algal blooms. Degraded wetlands can themselves become pollution sources that can contaminate surface water and groundwater quality by decreasing oxygen in the water, which can harm aquatic life, and releasing chemicals and nutrients as they decay.

    A vast restoration campaign

    Congress approved the Comprehensive Everglades Restoration Plan in 2000 to support reducing phosphorus concentrations by recreating large wetlands areas to remove excess nutrients and reestablishing more of the natural water depth to bolster native populations.

    That restoration effort is making progress in reconnecting wetlands to natural water flows by rehydrating large areas that were cut off. Phosphorus levels are lower in many wetlands that now remain hydrated longer, and in these wetlands fresh water is recharging the aquifer, helping sustain the drinking water supply.

    However, delays in critically important components of that work have left some wetlands in degraded conditions for longer than expected, especially in regions near and downstream of the Everglades Agricultural Area, where phosphorus concentrations remain stubbornly high.

    An algal bloom spreads in Florida’s Lake Okeechobee, at the heart of the Everglades.
    Nicholas Aumen/USGS

    South Florida continues to experience harmful algal blooms from phosphorus reaching rivers and the coast, resulting in fish kills and the deaths of manatees. Red tide can shut down fishing and keep beach-going tourists away, harming local economies. This pollution is estimated to have cost Florida’s economy US$2.7 billion in 2018.

    The unexpected risk: Saltwater

    An unforeseen threat has also started to creep into the Everglades: saltwater.

    As sea level rises, saltwater reaches further inland, both in rivers and underground through the porous limestone beneath South Florida. Saltwater intrusion also occurs when wells draw down aquifers to provide water for drinking or irrigation. That saltwater is causing parts of the Everglades marshes, often referred to as a river of grass, to collapse into open water.

    Saltwater intrusion into South Miami and how Everglades restoration can help. Source: Emily Northrop and Rachael Johnson, University of Miami.
    The red line shows how far saltwater had intruded into aquifers beneath Fort Lauderdale as of 2019.
    South Florida Water Management District

    The loss of these freshwater marshes reduces the capacity of the Everglades to remove phosphorus from the water. And that means more nutrients flowing downstream, contaminating aquifers and causing harmful algal blooms to form in coastal waters.

    Scientists have learned that marsh plants need freshwater pulses during the wet season, from April to November, to avoid saltwater intrusion.

    For example, saltwater intruded about one mile inland between 2009 and 2019 in parts of the Fort Lauderdale area. More fresh water is needed to push the saltwater back out to sea.

    However, the restoration effort was never intended to combat saltwater intrusion.

    Reasons for optimism

    Despite the continuing challenges, I am optimistic because of how scientists, policymakers and communities are working together to protect the Everglades and drinking water.

    I lead part of that restoration work through the Florida Coastal Everglades Long Term Ecological Research program. The effort started at Florida International University on May 1, 2000, the same year the Everglades restoration plan was authorized by Congress.

    Our research was used to set the levels of nutrients allowable to still protect the region’s water supplies, and we have been working for 25 years to reduce saltwater intrusion and phosphorus pollution to ensure drinking water for South Florida remains both fresh and clean. We continually use our research to inform water managers and policymakers of the best practices to reduce saltwater intrusion and pollution.

    A roseate spoonbill hunts for dinner in Everglades National Park.
    National Park Service, R. Cammauf, via Flickr

    As saltwater intrusion continues to threaten South Florida’s freshwater aquifer, Everglades restoration and protection will be increasingly important.

    Everyone in the region can help.

    By rehabilitating degraded wetlands, allowing for more fresh water to flow throughout the Everglades ecosystems, reducing the use of fresh water on lawns and crops, and reusing municipal water for outdoor needs, South Florida can keep its drinking water safe for generations of future residents and visitors. This is something that everyone can contribute to.

    Mangroves along Turner River in the Everglades.
    Chauncey Davis/Flickr, CC BY

    Marjory Stoneman Douglas, Miami’s renowned conservationist who helped establish the Everglades National Park, often said, “The Everglades is a test. If we pass it, we may get to keep the planet.”

    John Kominoski works for Florida International University. He receives funding from federal agencies, such as the National Park Service and the National Science Foundation.

    – ref. 25 years of Everglades restoration has improved drinking water for millions in Florida, but a new risk is rising – https://theconversation.com/25-years-of-everglades-restoration-has-improved-drinking-water-for-millions-in-florida-but-a-new-risk-is-rising-253167

    MIL OSI – Global Reports –

    April 16, 2025
  • MIL-OSI Asia-Pac: ‘We are open to travellers’

    Source: Hong Kong Information Services

    Chief Executive John Lee

    Welcome to Hong Kong, and to the 2025 World Tourism Cities Federation Hong Kong Fragrant Hills Tourism Summit.

    Fragrant Hills, as you would all know, is a scenic area in Beijing, where the World Tourism Cities Federation is headquartered. “Fragrant hills” also makes me think of Hong Kong as a “fragrant harbour” – the Chinese name of Hong Kong can literally be translated as “fragrant harbour”.

    “Fragrant”, let me add, because of Hong Kong’s redolent history as a major trader for incense, particularly agarwood incense and the wood’s varied byproducts.

    Over the centuries, the sweet aroma of agarwood, of incense, drifted from harbour to city – and all around the world. From incense and fragrance, to merchandise and capital, Hong Kong has always been a bridge between cultures, cities and continents, bringing out the best of our products on the global arena.

    Today, Hong Kong remains a major global trading centre, a centre of free trade. That’s thanks, too, to the Hong Kong Port in our harbour, to the Hong Kong International Airport, and to our varied and seamless transport links to China, our country.

    These seamless links, and our singular status as the city where East has long met West, are not going to change. In a world beset by trade woes and geopolitical crises, Hong Kong is determined to continue its dedication to free and open trade.

    That has also led us to become one of the world’s greatest centres for tourism. So it is an honour that the World Tourism Cities Federation has chosen Hong Kong for this year’s Fragrant Hills Tourism Summit. The federation, after all, is the world’s first international tourism organisation to focus its mission and mandate on cities.

    Not surprising, then, that this summit welcomes city mayors, vice mayors and other city officials and delegations from over 40 cities from the Mainland and around the world. Together, we embody the spirit of collaboration beyond geographical boundaries. Together, we unite for the future of tourism.

    HK as a brand

    The theme of this year’s summit, “Innovate City Branding to Elevate Tourism Excellence”, gives us a good start to discuss how our cities could, through collaboration, achieve high-quality development in tourism and more.

    For Hong Kong, long an international metropolis, one key development opportunity certainly comes from the Guangdong-Hong Kong-Macao Greater Bay Area.

    This cluster city development brings together Hong Kong, Macau and nine southern cities in the Guangdong province, and boasts a population of over 86 million. It also has a combined GDP (Gross Domestic Product) that rivals that of the world’s 10th largest economy.

    What it means is a consumer market, and source of tourists, that is over 10 times as large as our own city. What it also means, with our country’s facilitation measures for travellers, is that visitors who choose to visit this part of the world have many more cities to add to their itinerary. We are fast developing in multi-destination tourism for an interconnected world. From a six-day visa for visitors in tour groups led by a Hong Kong travel agent, to the visa-free policy for cruise ship travellers along the country’s coastline.

    That said, you can well begin in Hong Kong, where there’s something happening everywhere you look – and at our Victoria Harbour. You need only to see for yourself how open, welcoming and endlessly amazing our city is, to a world of tourism – to you.

    Start with Victoria Harbour, and enjoy the refreshing views with our skyline and green hills rising from both sides of the harbour. And do take the Star Ferry. For more than a century, it’s been one of the world’s most unforgettable harbour passages. Leisure travel, timeless memories – in Hong Kong – and for well under US$1 a trip. It’s really good value for money.

    Hong Kong, after all, is the world’s mega event city. Last week, UK band Coldplay performed four sold-out concerts at our brand-new, state-of-the-art Kai Tak Sports Park. And through next Monday, it’s the 49th Hong Kong International Film Festival.

    Art lovers will want to catch the exhibition “Picasso for Asia: a Conversation”, at M+ museum, in the West Kowloon Cultural District – one of the world’s largest cultural developments. More than 60 masterpieces by Picasso are shown alongside artworks by Asian artists. Also there, is the Hong Kong Palace Museum, which is now showcasing an exhibition that brings together treasures from Beijing’s Forbidden City and the Palace of Versailles in Paris.

    Yes, ladies and gentlemen, Hong Kong is where cultures meet and thrive, where creativity is well and alive. And you can also count on hills and sea coasts alive with fabulous hiking, and biking trails. After all, country parks make up some 40% of Hong Kong’s total land area.

    And when you’re all hiked and biked out, settle into one of our nearly 80 Michelin-starred restaurants, do yum cha (tea and food) with half of Hong Kong, then toast your good fortune at a local brew pub, or get cozy with milk tea at a classic dai pai dong, our traditional cooked food stalls. And don’t leave Hong Kong without a sky-high cocktail, or two, at hotel and city lounges rising from either side of Victoria Harbour. From dim sum dreams to boozy nights, our food paradise glows with true delights.

    Ladies and gentlemen, I’m sure this year’s Fragrant Hills will bring about global thrills. My thanks to the World Tourism Cities Federation, and this Hong Kong Summit. I’m confident we’ll find a well-spring of innovative and inspiring ways to work together, to reimagine travel for this 21st Century packed with promise for global tourism – and for each and every one of our proud and magnificent cities.

    Chief Executive John Lee gave these remarks at the 2025 World Tourism Cities Federation Hong Kong Fragrant Hills Tourism Summit on April 15.

    MIL OSI Asia Pacific News –

    April 16, 2025
  • MIL-OSI: Cyabra Announces Record 2024 Financial Performance, Doubling Revenue and Strengthening Gross Margins

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

    FINANCIAL RESULTS

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

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

    For more information, visit www.cyabra.com

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

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

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

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

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

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

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

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

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

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Eos Energy and Frontier Power Announce 5 GWh Memorandum of Understanding to Advance Long-Duration Energy Storage in the United Kingdom

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J. and WARWICKSHIRE, United Kingdom, April 15, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it has signed a memorandum of understanding with Frontier Power Ltd. (“Frontier”), a UK-based energy developer, for a 5 GWh energy storage framework agreement. The agreement marks Eos’ entrance into a new international market and supports Frontier’s plans to submit multiple bids utilizing Eos’ Znyth™ battery technology in the first application window of Ofgem’s new long-duration energy storage (LDES) cap and floor scheme.

    “We are proud to partner with Frontier Power, a respected leader in UK energy development, to bring Eos’ safe and recyclable storage technology to a new market,” said Justin Vagnozzi, Senior Vice President of Global Sales at Eos Energy Enterprises. “The novel cap and floor scheme incentivizes investments in long-duration storage technologies that are critical for grid stability and renewable integration. Our participation in this scheme with an established global supply partner like Frontier furthers our commitment to scale our operations, expand our market reach and encourage the adoption of alternative technologies for the energy storage market.”

    Under the agreement, Eos and Frontier will also look to expand the collaboration globally to new international markets. This partnership also opens the door to developing local manufacturing in the UK. Should significant LDES project volumes materialize using Eos technology, it could incentivize the establishment of manufacturing operations in the UK, supporting domestic supply chains and job creation.

    “Our supply chain strategy was designed to be transportable,” said Joe Mastrangelo, Eos Chief Executive Officer. “We can co-locate manufacturing capacity near customer demand and not only provide innovative energy storage, but sustainable jobs in regions that have demand for our technology. As that demand grows, both domestically and internationally, we’ll expand our manufacturing footprint, and we’re excited to partner with Frontier to execute on that vision in the UK market and beyond.”

    “This agreement reflects Frontier Power’s commitment to driving innovation in clean energy while fostering international collaboration,” said Humza Malik, Frontier Power Chief Executive Officer. “By working with Eos, we are advancing our portfolio of long-duration storage projects and strengthening trade relations between the US and UK. The prospect of local manufacturing in the UK could further boost economic growth and job creation.”

    The UK’s cap and floor scheme, administered by Ofgem and the Department for Energy Security and Net Zero, is designed to provide long-term revenue certainty for innovative energy storage technologies and help incentivize investment in alternative technologies to lithium-ion in the UK market. Eos’ eight-hour technology is well suited for the program, which supports the UK’s broader goals of achieving grid stability and enables higher levels of renewable integration.

    This agreement will be incremental to Eos’ pipeline numbers as of March 31, 2025 when the Company reports first quarter 2025 results.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    About Frontier Power

    Founded in 2009, Frontier Power is a leading developer of innovative energy solutions with expertise spanning electricity interconnectors, offshore wind transmission, offshore wind generation and energy storage. With over £30 billion in combined investment experience in the team, Frontier Power is at the forefront of driving clean energy transitions globally. 

     

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Ingersoll Rand Further Enhances Air Treatment Capabilities with Two Acquisitions

    Source: GlobeNewswire (MIL-OSI)

    • Execution of bolt-on acquisition strategy continues to enhance company’s durable financial profile by adding highly complementary products and capabilities focused on high-growth, sustainable end markets
    • Acquisitions will expand Ingersoll Rand’s product and technology portfolio with additional chiller and onsite gas generation offerings and support the company’s in-region for the region strategy
    • Acquisitions have a combined pre-synergy Adjusted EBITDA purchase multiple of high-single digits

    DAVIDSON, N.C., April 15, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, has acquired G & D Chillers, Inc. (“G & D”) and Advanced Gas Technologies Inc. (“AGT”) for a combined purchase price of approximately $27 million to further grow the company’s air treatment portfolio.

    G & D, headquartered in the United States, builds premium glycol chillers to cool liquids, especially in applications requiring temperatures below freezing, like in breweries, wineries, and food processing. G & D expands Ingersoll Rand’s manufacturing, engineering, and Engineer to Order (ETO) capabilities for chillers in the North American market.

    AGT, headquartered in Ontario, Canada, is a custom designer and supplier of onsite gas generation systems serving industrial customers primarily in Canada. This acquisition adds new packaging capabilities and an established channel presence.

    G & D and AGT will both join the Industrial Technologies and Services segment (IT&S).

    “I would like to extend a warm welcome to the employees of G & D and AGT,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “Both are solid businesses with strong performance and growth potential backed by great teams. Their offerings in the air treatment space will be beneficial as we continually look for ways to better serve our customers.”

    About Ingersoll Rand Inc.

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

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

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

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

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

    Media:
    Sara.Hassell@irco.com 

    The MIL Network –

    April 16, 2025
  • MIL-OSI: EverQuote to Announce First Quarter 2025 Financial Results on May 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, Mass., April 15, 2025 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that it will report first quarter financial results after the market close on Monday, May 5, 2025. Management will host a conference call and webcast to discuss the Company’s financial results, recent developments, and business outlook at 4:30 p.m. ET.

    What: EverQuote First Quarter 2025 Financial Results Conference Call
       
    When: Monday, May 5, 2025
       
    Time: 4:30 p.m. ET
       
    Live Call: US Toll Free: (800) 715-9871
    All Other: +1 (646) 307-1963
    Conference ID: 4210704
       

    Live Webcast and Replay:        http://investors.everquote.com/

    About EverQuote

    EverQuote operates a leading online marketplace for insurance shopping, connecting consumers with insurance provider customers, which includes both carriers and agents. Our vision is to be the leading growth partner for property and casualty, or P&C, insurance providers. Our results-driven marketplace, powered by our proprietary data and technology platform, is improving the way insurance providers attract and connect with consumers shopping for insurance.

    For more information, visit https://investors.everquote.com and follow on LinkedIn.

    Investor Relations Contact:

    Brinlea Johnson
    The Blueshirt Group
    415-489-2193
    brinlea@blueshirtgroup.com

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Boralex will release its 2025 first quarter financial results on May 14

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, April 15, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9:30 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Wednesday, May 14, 2025, at 9:30 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at www.boralex.com. A full replay will also be available on Boralex’s website until May 14, 2026.

    The financial information will be released through a press release and on Boralex’s website on May 14, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 78GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.  

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External
    Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    Stéphane Milot
    Vice President, Investor Relations and Financial
    Planning and Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com

    Source: Boralex inc.        

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Helport AI Launches Enhanced AI Software to Modernize Consumer Financing Operations

    Source: GlobeNewswire (MIL-OSI)

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

    Successful Initial Deployments Already Underway in the Philippines

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

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

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

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

    AI-Powered Transformation for Consumer Financing

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

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

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

    Driving Impact in the Philippines and Beyond

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

    Looking Ahead

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

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

    About Helport AI

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

    Forward-Looking Statements

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

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

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2024 and Releases 2024 Environmental, Social and Governance Report

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

    About Kingsoft Cloud Holdings Limited

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

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

    For investor and media inquiries, please contact:

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

    The MIL Network –

    April 16, 2025
  • MIL-OSI: MEXC Sees 170% Surge in Trading Volume Amid Zero-Fee Campaign

    Source: GlobeNewswire (MIL-OSI)

     

    VICTORIA, Seychelles, April 15, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has reported a notable increase in trading activity following the launch of its Zero-Fee Trading Campaign in the first quarter of 2025. The program aimed to remove fees from particular futures trading pairs while simultaneously boosting user interaction and substantial growth throughout essential platform metrics.

    During the first three months of the year, the platform witnessed an increase of 17.8% in monthly active traders and a 170.2% surge in trading volume, driven by the introduction of popular trading pairs such as SOL/USDT, HYPE/USDT, and S/USDT. These listings matched user preferences and overall market trends, reinforcing MEXC’s position as a leader in both exchange performance and liquidity depth.

    Top Performing Pairs: SOL/USDT and ADA/USDT
    The campaign’s most active trading pairs included SOL/USDT together with DOGE/USDT, ADA/USDT, TRUMPOFFICIAL/USDT and SUI/USDT.

    SOL/USDT achieved the highest trading volume increase of 185.62%, comprising 19% of total futures trading volume and becoming the leading pair of the quarter. ADA/USDT showed outstanding growth through a 369.44% increase in trading volume accompanied by a 393.05% increase in daily average share, highlighting the effectiveness of zero fees in boosting interest for promising assets.

     

    Market Share Growth: Dominance in Key Trading Pairs
    In terms of market share growth, AIXBT/USDT led the rankings with a 331% increase, followed by DOGE/USDT (+283%) and SOL/USDT (+209%). Notably, DOGE/USDT and SOL/USDT achieved the highest market share in their categories on CoinMarketCap, at 30.5% and 30.3%, respectively. ADA/USDT followed with a 20.6% share, securing second place in its category, while HYPE/USDT posted a 165% increase in market share.

    • AIXBT/USDT (+331%)
    • DOGE/USDT (+283%)
    • SOL/USDT (+209%)
    • ADA/USDT (+186%)
    • HYPE/USDT (+165%)

    A Breakthrough in Campaign Performance and Exchange Leadership
    During Q1 2025, the Zero Trading Fee Campaign established MEXC as a leading force behind market volume and activity for both well-known and up-and-coming tokens. MEXC achieved wider trader participation and increased liquidity by eliminating fees on popular trading pairs.

    The campaign’s success is attributed to precise timing, well-chosen trading pairs, and a clear, simplified fee structure — rather than external incentives or large-scale marketing. These results suggest that subtle adjustments to cost structures can have an outsized impact on user engagement and trading dynamics.

    MEXC continues to evaluate the results of the initiative and explore further opportunities to enhance user experience in the upcoming quarters.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    For more information, visit: MEXC Website|X|Telegram|How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

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

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

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8cd397ca-cf58-4026-8e47-82d170d6ae97
    https://www.globenewswire.com/NewsRoom/AttachmentNg/19053981-1bc0-4171-9a41-3444f28164e0
    https://www.globenewswire.com/NewsRoom/AttachmentNg/793e6557-ca50-45ee-98ff-122847da1aa9

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

    Media Contact
    Merrill Freund
    merrill@freundpr.com

    The MIL Network –

    April 16, 2025
  • MIL-OSI: Golden State’s Asset Management Program Expands Offerings and Enhances Advisor Support by Partnering with WealthShield

    Source: GlobeNewswire (MIL-OSI)

    SOUTH COAST METRO, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Golden State Asset Management (“GSAM”) is pleased to announce a series of strategic enhancements designed to further empower financial advisors and their clients. These initiatives, set to launch throughout 2025, reflect GSAM’s commitment to delivering sophisticated investment strategies and increased operational support.

    Golden State Asset Management is Golden State’s internal asset management program, designed to help advisors gain access to institutional investments that they may not necessarily have access to individually. The program is structured to simplify the complexities of portfolio management, allowing advisors to focus more on client relationships and strategic planning.

    A key component of these enhancements is GSAM’s new relationship with WealthShield, led by Clint Sorenson. This partnership gives GSAM the ability to be nimble and implement strategies in response to market changes and diverse financial landscapes. The most recent addition to their portfolio line-up is a tactical momentum model tailored to manage steep market declines and enhance portfolio resilience during periods of high volatility.

    “I am pleased to partner with Golden State to provide improved reporting tools, enhanced planning strategies, and deeper insights into portfolio performance and risk management. The collaboration with the team to implement the new tactical strategy on short notice and provide advisors with an opportunity to respond to the most recent market activity has been a fluid and efficient experience and I look forward to watching GSAM grow” says Clint Sorenson, Founder of WealthShield.

    “We are committed to evolving with the financial landscape and ensuring that our advisors have the resources they need to serve their clients effectively,” said John Nahas, Founder and CEO at Golden State. “Along with WealthShield, we are strengthening our ability to provide cutting-edge investment solutions and continually enhancing our services.”

    Looking ahead, GSAM will continue expanding its offerings with the planned introduction of Direct Indexing, OCIO Services1, and Custom Fixed Income Offerings. These initiatives will provide advisors with greater customization capabilities and improved strategies to meet the needs of their clients.

    Golden State Asset Management remains dedicated to fostering strong relationships with advisors, offering them innovative investment solutions, and supporting their success in an ever-changing financial landscape.

    About Golden State
    The Golden State family of companies, comprised of Golden State Wealth Management, Golden State Equity Partners and Golden State Asset Management, are investment advisers registered with the SEC, dedicated to financial professionals and their clients. With over $4 billion in assets under care2 the firm’s initial company was founded in 2013 boasting an infrastructure that provides an extensive support network to its community of advisors. The Golden State family of companies is a multi-custodial firm that provides comprehensive tools and research necessary in today’s complex markets. Golden State’s flagship office is located in South Coast Metro, California. With offices across the country, Golden State is committed to creating an atmosphere that benefits both advisors and their clients. For more information about Golden State, visit www.teamgoldenstate.com.

    About WealthShield
    WealthShield is an investment company designed with the goal of helping entrepreneurial financial advisors succeed. With the belief that investor psychology is the driving force behind markets, WealthShield provides a strategy that assists in growing client wealth, while potentially reducing risk. Coupled with a unique investment approach and a cutting-edge digital platform, WealthShield provides advisors with the tools necessary to add scale and fuel business growth. WealthShield delivers consistent and reliable investment experience to advisors, so that they may grow their clients’ wealth in the long term.

    1 Outsourced Chief Investment Officer: A comprehensive investment management solution providing institutional-quality portfolio oversight and research.
    2 SEC Filings as of March 31, 2025; Golden State.

    Media Contact:
    Jennifer Nahas
    Jennifer.nahas@teamgoldenstate.com

    The MIL Network –

    April 16, 2025
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