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Category: Economy

  • MIL-OSI: The Now Corporation (OTC: NWPN) and Green Rain Solar Inc. Partner with Chronical Electric to Bring High-Speed EV Charging and Battery Storage to Rochester, NY

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights:

    • Transforming Urban EV Infrastructure with Smart Charging Solutions
      The Now Corporation (OTC: NWPN) and Green Rain Solar Inc. have partnered with Chronical Electric to launch a high-speed electric vehicle (EV) charging station at 1600 West Ridge Road in Rochester, NY. Backed by a completed utility feasibility study and supported by Rochester Gas and Electric (RG&E), the project will feature Level 3 fast chargers, ensuring efficient and reliable electric vehicle (EV) charging for the community.
    • Advancing Sustainability with Battery Storage Technology
      Incorporating cutting-edge battery storage solutions, this initiative aims to optimize energy usage, reduce operational costs, and prevent grid overloads. By storing renewable energy during periods of low demand and supplying it during peak hours, the project enhances grid resilience while supporting clean transportation. This innovation aligns with the Inflation Reduction Act (IRA), unlocking tax credits and expanding EV access in underserved areas.
    • Promoting Environmental Equity and Clean Transportation
      Committed to reducing carbon emissions and improving air quality, The Now Corporation’s project directly addresses pollution-related health concerns in underserved communities. By introducing sustainable energy infrastructure, the initiative not only fosters environmental stewardship but also serves as a replicable model for clean energy adoption across the U.S.

    PASADENA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — The Now Corporation (OTC: NWPN), through its renewable energy subsidiary, Green Rain Solar Inc., is making groundbreaking progress in expanding electric vehicle (EV) infrastructure in underserved communities. The company is pleased to announce that it has completed a utility feasibility study for its flagship electric vehicle (EV) charging project at 1600 West Ridge Road in Rochester, New York, confirming the site’s ability to support Level 3 fast chargers.

    This milestone was achieved through a strategic collaboration with Chronical Electric and Rochester Gas and Electric (RG&E) Utility, ensuring the necessary power capacity for the high-speed chargers. In a major leap forward, the project will also feature battery storage technology, designed to optimize energy usage, stabilize the grid, and enhance charging reliability.

    DCFC EV Charging Stations – Chronical Electric

    Pioneering a New Era of Smart EV Charging

    This initiative aligns with the Inflation Reduction Act (IRA), which prioritizes clean energy investments in underserved areas by offering substantial tax credits. By leveraging the RG&E Make-Ready Program, The Now Corporation is significantly lowering infrastructure costs, making it easier and more cost-effective to deploy EV charging stations in communities that need them most.

    Load Management Technologies Incentive program (LMTIP) for electric vehicle charging

    “This is a transformative moment for Green Rain Solar and The Now Corporation,” said Alfredo Papadakis, CEO of The Now Corporation. “We are not just building EV charging stations—we are creating a sustainable energy ecosystem. By integrating battery storage, we’re ensuring that these chargers operate efficiently, reduce grid strain, and maximize renewable energy utilization. This is the future of clean transportation.”

    Battery Storage: The Key to Sustainable EV Infrastructure

    The integration of battery storage technology at the 1600 West Ridge Road project marks a major advancement in grid-friendly EV charging solutions. This innovative system will:

    • Reduce demand charges, lowering operational costs for both businesses and consumers
    • Enhance grid stability, preventing overloads and blackouts
    • Maximize renewable energy usage, storing excess solar and wind power for peak times

    By storing energy during low-demand periods and releasing it when needed, the site will ensure that EV drivers have access to reliable, cost-effective, and environmentally friendly charging options—without overburdening the local power grid.

    A Cleaner, Healthier Future for Rochester and Beyond

    This project is about more than just technology—it’s about community impact. Rochester’s underserved neighborhoods, like many across the U.S., face higher levels of air pollution, contributing to asthma and other respiratory diseases. By expanding clean transportation options, The Now Corporation is actively working to reduce emissions, improve public health, and promote environmental equity.

    The 1600 West Ridge Road site will serve as a national model for the future of smart, grid-optimized EV infrastructure. Moving forward, The Now Corporation and Green Rain Solar Inc. are exploring additional locations to replicate this success and further drive the clean energy revolution.

    Leading the Charge Toward a Greener Future

    The Now Corporation (OTC: NWPN) remains committed to leveraging state and federal incentives to accelerate EV adoption, create economic opportunities, and support a nationwide transition to sustainable energy. With its innovative approach, strategic partnerships, and a focus on community-driven impact, this initiative represents a major step toward a cleaner, smarter, and more resilient future.

    Stay tuned—The Now Corporation is powering the next generation of EV charging!

    About The Now Corporation (OTC: NWPN):
    The Now Corporation is a diversified holding company focused on acquiring and developing innovative technologies and sustainable solutions. Through its subsidiaries, the company is committed to driving positive change in industries such as renewable energy, electric mobility, and advanced manufacturing.

    About Green Rain Solar Inc.:
    Green Rain Solar Inc., a subsidiary of The Now Corporation, specializes in the design, installation, and maintenance of solar energy systems and EV charging infrastructure. With a focus on sustainability and innovation, Green Rain Solar is dedicated to helping businesses and communities transition to clean energy.

    For more information, visit: https://greenrainenergy.com/
    FB: Green Rain Energy
    YouTube: Green Rain Energy

    Forward-Looking Statements:
    This press release contains forward-looking statements under the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may include expectations for future events, financial results, and growth prospects, subject to risks and uncertainties. The Now Corporation undertakes no obligation to publicly update any forward-looking statements except as required by applicable laws.

    Press Contact:
    Michael Cimino
    Email: Michael@pubcopr.com

    The MIL Network –

  • MIL-OSI: Data Storage Corporation Reports 2024 Fiscal Year Financial Results and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    • Expanded CloudFirst platform in 2024 with 4 new Tier III data centers (UK & Chicago), totaling 10 globally to enhance multi-cloud and continuity services across North America and Europe
    • Completed Flagship Solutions Group integration into CloudFirst, boosting efficiency and cross-sell potential to clients; secured major 2024 contracts across motorsports, insurance, healthcare, and education sectors
    • Net income improved by approximately 71% for the 2024 fiscal year
      compared to 2023 fiscal year and achieved Adjusted EBITDA* of $2.37 million for 2024
    • Ends 2024 with $12.3 million in cash and marketable securities
      and no long-term debt
    • Conference Call to be held today at 11:00 am ET

    MELVILLE, N.Y., March 31, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the year ended December 31, 2024.

    “We made consistent progress in 2024 — both financially and strategically,” said Chuck Piluso, CEO of Data Storage Corporation. “To start, total revenue for the year increased to $25.4 million, a modest 2% gain from 2023, reflecting a shift from lower-margin, one-time equipment sales toward long term, recurring subscription revenue streams. This strategy builds on our already $39.2 million remaining contract value with disaster recovery and cloud hosting solutions. Importantly, we ended the year with an estimated $22 million Annual Recurring Revenue run rate, demonstrating the scalability and consistency of our subscription-based model with over 80% of our revenue recurring. Furthermore, net income rose approximately 71% to $513 thousand, while Adjusted EBITDA* increased to $2.37 million — both strong indicators of improved margins and greater operational efficiency. Finally, with $12.3 million in cash and marketable securities and no long-term debt, we remain well-positioned to invest in future growth.”

    “In 2024, we also took steps to expand our footprint. Internationally, we launched CloudFirst Europe Ltd. supported by three Tier III data centers in the UK through three strategic partnerships. This expansion positions us to provide our Power platform serving clients across the U.S., Canada, and the UK — we are one of the few single source global providers. To lead our European operations, we appointed Colin Freeman as Managing Director, and early traction in the region has been promising. Domestically, we added a Tier III data center in Chicago, bringing our total to ten global sites while enhancing redundancy and performance across North America.”

    “We also completed the full integration of our Flagship Solutions Group subsidiary into our CloudFirst Technologies subsidiary, which has streamlined operations and improved our ability to deliver integrated cloud and managed services to clients. Key new contracts in 2024 included engagements with a Canadian division of a major motorsports manufacturer, a billion-dollar insurance provider, and a U.S. medical center — each reflecting our strength in delivering compliant, mission-critical high processing infrastructure solutions.”

    “Overall, 2024 was a year of meaningful execution across all fronts. We advanced our shift to a high-margin, recurring revenue model, expanded into new international markets, strengthened our infrastructure, and delivered improved financial results. These accomplishments reinforce our long-term vision and position us to scale further in 2025 and beyond as demand for compliant, enterprise-grade cloud solutions continues to rise globally.”

    Conference Call

    The Company plans will host a conference call at 11:00 a.m. Eastern Time on Monday, March 31, 2025, to discuss the Company’s financial results for the 2024 fiscal year which ended December 31, 2024, as well as corporate progress and other developments.

    The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-201-689-8852. A webcast of the call may be accessed at  DSC 2024 Fiscal Year Earnings Call or on the Company’s News & Events section of the website,  www.dtst.com/news-events.

    A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through September 30, 2025. A telephone replay of the call will be available approximately three hours following the call, through April 7, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13751220. 

    About Data Storage Corporation

    Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions. Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.

    Through its owned and operated cloud platform, built on IBM Power Cloud infrastructure, DSC delivers high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.

    With data centers supporting its CloudFirst platform deployments across the United States, Canada, and the United Kingdom, DSC provides mission-critical solutions to a diverse clientele, including Fortune 500 companies, government agencies, educational institutions, and healthcare organizations.

    As a leader in the multi-billion-dollar cloud hosting and business continuity market, DTST is recognized for its expertise in cloud infrastructure, IT modernization, and data migration, enabling clients to transition to the cloud with confidence and operational continuity.

    For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.

    *Adjusted EBITDA is a non-GAAP measure. Please refer to the Company’s financial disclosures for a reconciliation to the most directly comparable GAAP measure.

    Safe Harbor Provision

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding being well-positioned to invest in future growth, the Company’s Power platform serving clients across the U.S., Canada and the UK and the Company’s recent accomplishments positioning it to scale further in 2025 and beyond as demand for compliant, enterprise-grade cloud solutions continues to rise globally, and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, the Company’s ability to grow its presence in Europe, the Company being well-positioned to invest in future growth, the Company’s successful transition from on-premises systems to the cloud, and DSC delivering high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com 

     DATA STORAGE CORPORATION AND SUBSIDIARIES  
    CONSOLIDATED BALANCE SHEETS
                     
        December 31, 2024   December 31, 2023
    ASSETS                
    Current Assets:                
    Cash   $ 1,070,097     $ 1,428,730  
    Accounts receivable (less allowance for credit losses of $31,472   and $7,915 in 2024 and 2023, respectively)     2,225,458       1,259,972  
    Marketable securities     11,261,006       11,318,196  
    Prepaid expenses and other current assets     859,502       513,175  
    Total Current Assets     15,416,063       14,520,073  
                     
    Property and Equipment:                
    Property and equipment     9,598,963       7,838,225  
    Less—Accumulated depreciation     (6,159,307 )     (5,105,451 )
    Net Property and Equipment     3,439,656       2,732,774  
                     
    Other Assets:                
     Goodwill     4,238,671       4,238,671  
     Operating lease right-of-use assets     575,380       62,981  
     Other assets     183,439       48,436  
     Intangible assets, net     1,427,006       1,698,084  
    Total Other Assets     6,424,496       6,048,172  
                     
    Total Assets   $ 25,280,215     $ 23,301,019  
                     
    LIABILITIES AND STOCKHOLDERS’ DEFICIT                
    Current Liabilities:                
    Accounts payable and accrued expenses   $ 3,183,379     $ 2,608,938  
    Deferred revenue     212,390       336,201  
    Finance leases payable     17,641       263,600  
    Finance leases payable related party     33,879       235,944  
    Operating lease liabilities short term     98,860       63,983  
    Total Current Liabilities     3,546,149       3,508,666  
                     
    Operating lease liabilities     523,070       —  
    Finance leases payable     —       17,641  
    Finance leases payable related party     —       20,297  
    Deferred Tax Liability      39,031       —  
    Total Long-Term Liabilities     562,101       37,938  
                     
    Total Liabilities     4,108,250       3,546,604  
                     
    Commitments and contingencies (Note 7)                
                     
    Stockholders’ Equity:                
    Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding on December 31, 2024 and 2023     —       —  
    Common stock, par value $.001; 250,000,000 shares authorized; 7,045,108 and 6,880,460 shares issued and outstanding on December 31, 2024 and 2023, respectively     7,045       6,881  
    Additional paid in capital     40,417,813       39,490,285  
    Accumulated deficit     (18,982,589 )     (19,505,803 )
    Accumulated other comprehensive loss     (23,214 )     —  
    Total Data Storage Corporation Stockholders’ Equity     21,419,055       19,991,363  
    Non-controlling interest in consolidated subsidiary     (247,090 )     (236,948 )
    Total Stockholders’ Equity     21,171,965       19,754,415  
    Total Liabilities and Stockholders’ Equity   $ 25,280,215     $ 23,301,019  
    DATA STORAGE CORPORATION AND SUBSIDIARIES  
    CONSOLIDATED STATEMENTS OF INCOME
                     
        Year Ended December 31,
        2024   2023
             
    Sales   $ 25,371,303     $ 24,959,576  
                     
    Cost of sales     14,267,936       15,383,251  
                     
    Gross Profit     11,103,367       9,576,325  
                     
    Selling, general and administrative     11,023,476       9,744,736  
                     
    Income (loss) from Operations     79,891       (168,411 )
                     
    Other Income (Expense)                
    Interest income     592,819       542,229  
    Interest expense     (119,008 )     (74,502 )
    Loss on disposal of equipment     (1,599 )     —  
    Total Other Income     472,212       467,727  
                     
    Income before provision for income taxes     552,103       299,316  
                     
    Provision for income taxes     (39,031 )     —  
                     
    Net Income     513,072       299,316  
                     
    Loss in Non-controlling interest in consolidated subsidiary     10,142       82,259  
                     
    Net Income Attributable to Common Stockholders   $ 523,214     $ 381,575  
                     
    Earnings per Share – Basic   $ 0.08     $ 0.06  
    Earnings per Share – Diluted   $ 0.07     $ 0.05  
    Weighted Average Number of Shares – Basic     6,931,399       6,841,094  
    Weighted Average Number of Shares – Diluted     7,347,779       7,424,228  
     DATA STORAGE CORPORATION AND SUBSIDIARIES  
    CONSOLIDATED STATEMENTS OF CASH FLOWS 
                     
        Year Ended December 31,
        2024   2023
    Cash Flows from Operating Activities:                
    Net income   $ 513,072     $ 299,316  
    Adjustments to reconcile net income to net cash provided by operating activities:                
    Depreciation and amortization     1,350,238       1,301,594  
    Stock based compensation     794,687       506,205  
    Change in expected credit losses     45,394       119,524  
    Loss on disposal of equipment     1,599       —  
    Changes in Assets and Liabilities:                
    Accounts receivable     (1,010,880 )     2,123,340  
    Other assets     (135,003 )     —  
    Prepaid expenses and other current assets     (347,717 )     71,491  
    Right of use asset     135,559       163,520  
    Accounts payable and accrued expenses     567,930       (598,638 )
    Deferred revenue     (123,811 )     55,141  
    Deferred tax liability     39,031       —  
    Operating lease liability     (90,010 )     (168,446 )
    Net Cash Provided by Operating Activities     1,740,089       3,873,047  
    Cash Flows from Investing Activities:                
    Capital expenditures     (1,800,364 )     (1,545,017 )
    Purchase of marketable securities     (842,810 )     (2,307,228 )
    Sale of marketable securities     900,000       —  
    Net Cash Used in Investing Activities     (1,743,174 )     (3,852,245 )
    Cash Flows from Financing Activities:                
    Repayments of finance lease obligations related party     (222,362 )     (520,624 )
    Repayments of finance lease obligations     (263,600 )     (359,869 )
    Cash received for the exercise of stock options     133,005       1,699  
    Net Cash Used in Financing Activities     (352,957 )     (878,794 )
                     
    Effect of exchange rates on cash     (2,591 )     —  
                     
    Decrease in Cash     (358,633 )     (857,992 )
                     
    Cash, Beginning of Year     1,428,730       2,286,722  
                     
    Cash, End of Year   $ 1,070,097     $ 1,428,730  
    Supplemental Disclosures:                
    Cash paid for interest   $ 23,549     $ 65,057  
    Cash paid for income taxes   $ —     $ —  
    Non-cash investing and financing activities:                
    Assets acquired by operating lease   $ 647,958     $ —  
                     

    The following table shows the Company’s reconciliation of net income (loss) to adjusted EBITDA for the years ended December 31, 2024, and 2023:

    For the year ended December 31, 2024
                         
        CloudFirst Technologies   CloudFirst Europe Ltd.   Nexxis Inc.   Corporate   Total
                         
    Net income (loss)   $ 3,562,622     $ (290,219 )   $ (93,514 )   $ (2,665,817 )   $ 513,072  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     1,348,534       79       850       775       1,350,238  
    Sales tax settlement     142,021       —       —       —       142,021  
    Interest income     —       —       —       (592,819 )     (592,819 )
    Interest expense     119,008       —       —       —       119,008  
    Provision for income tax     —       —       —       39,031       39,031  
    Stock-based compensation     295,688       —       25,991       473,008       794,687  
                                             
    Adjusted EBITDA   $ 5,467,873     $ (290,140 )   $ (66,673 )   $ (2,745,822 )   $ 2,365,238  

      

    For the year ended December 31, 2023
                         
        CloudFirst Technologies   CloudFirst Europe Ltd.   Nexxis Inc.   Corporate   Total
                         
    Net income   $ 2,625,879     $ —     $ (229,377 )   $ (2,097,186 )   $ 299,316  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     1,300,237       —       705       652       1,301,594  
    Interest income     —       —       —       (542,229 )     (542,229 )
    Interest expense     74,502       —       —       —       74,502  
    Stock-based compensation     162,004       —       17,603       326,598       506,205  
                                             
    Adjusted EBITDA   $ 4,162,622     $ —     $ (211,069 )   $ (2,312,165 )   $ 1,639,388  

    The MIL Network –

  • MIL-OSI: Investview, Inc. (“INVU”) Reports Full Year 2024 Financial Results, Operational Highlights and a Year-End Message from the CEO

    Source: GlobeNewswire (MIL-OSI)

    $55.4M in Gross Revenue | $8.3M in Net Cash Provided by Operating Activities | Strong Balance Sheet |Share Repurchase Program and Strategic Expansion- for the year ended December 31, 2024

    Haverford, PA, March 31, 2025 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology services company that offers multiple business units across key sectors, including a financial education division offering tools, products and content through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable blockchain business focused on bitcoin mining, today reported its full-year 2024 financial results and shared highlights of key operational progress, strategic milestones, and forward-focused initiatives.

    Summary Consolidated Financial Highlights:

    Results of Operations and Net Cash Provided by Operating Activities – Twelve Months Ended December 31, 2024 vs December 31, 2023

    • Gross Revenue (a Non-GAAP measure) decreased 24.0% to $55.4 million for the twelve months ended December 31, 2024, as compared to $72.9 million for the comparable prior year period.
    • Net Revenue decreased 22.9% to $52.4 million for the twelve months ended December 31, 2024, as compared to $67.9 million for the comparable prior year period.
    • Net income from operations decreased 63.2% to $1.7 million for the twelve months ended December 31, 2024, as compared to $4.6 million for the comparable prior year period.
    • Net cash provided by operating activities increased 36.9%, reaching $8.3 million for the twelve months ended December 31, 2024, as compared to $6.1 million for the comparable prior year period, reflecting the results of our disciplined business model.

    Balance Sheet Data-December 31, 2024, vs December 31, 2023

    • Cash and cash equivalents increased by 7.4%, reaching $22.5 million for twelve months ended December 31, 2024, an increase of $1.6 million from $20.9 million at December 31, 2023, even after having repurchased $3.4 million of common stock and $1.1 million for the acquisition of substantially all the assets of Renu Laboratories Inc. during 2024. Our cash balances provide us with working capital that we can direct towards our strategic initiatives and growth investments.
    • Total assets at December 31, 2024 were $31.6 million, a decrease of $2.1 million from $33.7 million of assets at December 31, 2023, mainly due to non-cash depreciation and impairment charges relating to our mining servers and a decrease in deposits with vendors, partially offset by an increase our cash balance, an increase in Bitcoin holdings and the addition of a goodwill balance related to the acquisition of substantially all the assets of Renu Laboratories Inc.
    • Working Capital Balance increased by 30.8% to $16.2 million at December 31, 2024, an increase of $3.8 million from December 31, 2023.
    • Current Ratio is strong, up 14.3%, reaching 2.32 at December 31, 2024, an increase of 0.29 from our previous current ratio of 2.03 at December 31, 2023, confirming our strong balance sheet position.
    • Outstanding debt decreased by 10.0%, to $3.2 million at December 31, 2024, a decrease of $0.4 million, from the $3.6 million of debt at December 31, 2023, with total liabilities also decreasing by $0.5 million during the comparative period.
    • Total stockholders’ equity at December 31, 2024 was $17.2 million, a decrease of $1.6 million or 8.5% from the $18.8 of stockholders’ equity at December 31, 2023, mainly due to the repurchase of common shares during 2024.
    • Common stock issued and outstanding decreased by approximately 20.3% to 1.859 billion shares at the end of December 31, 2024, a decrease of 474 million shares from 2.333 billion shares at December 31, 2023, primarily attributable to strategic stock repurchases aimed at further reducing outstanding share count in an effort to enhance shareholder value.

    Comments on our industry segments and business units

    Our Financial Education and Technology Segment

    iGenius recognized net revenue for the twelve months ending December 31, 2024, of $47.1 million. This reflects a decrease of 16.8% or $9.5 million less than the comparable prior year period. The decrease was largely attributable to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated their spending priorities, lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused a general slowdown in direct sales and home-based business. Despite the drop in revenue, we are hopeful that over time we can regain some of the ground that we have lost as we try to build our sales network organically and develop additional product and service offerings that we offer into our sales network. We firmly believe our direct selling model has broad scalable potential beyond financial education. As part of our strategic vision, we expect to be able to expand the product suite available through our sales network—particularly through the introduction of offerings from our myLife Wellness- health, beauty, and wellness division.

    Our Blockchain Technology and Crypto Mining Products and Services Segment

    SAFETek recognized net revenue for the twelve months ending December 31, 2024, of $5.2 million. This reflects a decrease of 54.2% or $6.2 million less than the comparable prior year period. The decrease in net revenue was the result of Bitcoin halving, which cut block rewards by 50%, an increase in network difficulty over 29%, and a government-mandated energy curtailment resulting from low hydroelectric reservoir levels in our host country.

    Despite the challenging environment in which we now operate, in 2024, SAFETek produced 85.92 Bitcoin, navigating industry-wide headwinds including the April halving event, a sharp rise in network difficulty, and a government energy curtailment. While these factors impacted output, they also helped reduce power costs, turning a challenge into a cost-management initiative that we expect will serve us well over time.

    Further, in 2024, we implemented strategic enhancements, including the retirement of older miners, deployment of next-gen ASICs, and consolidation of operations, significantly lowering our hash cost and strengthening our market position. As a result, we remain debt-free on all equipment purchases and maintain flexibility with our strong balance sheet, as we evaluate future expansion opportunities.

    Despite the challenging environment, our long-term view of BTC mining remains cautiously optimistic, and we are maintaining a disciplined and strategic posture while preparing for future expansion should the economic environment return to prior levels.

    Our Manufacturing and Development of Health, Beauty and Wellness Products Segment

    In October 2024, we entered the over-the-counter health, beauty, and wellness market when our subsidiary, myLife Wellness Company (“myLife Wellness”), acquired the business of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer, producing both proprietary and non-proprietary health, beauty, and wellness products for third-party clients. This move creates the potential for us to extend our platform into consumer verticals, with a focus on aesthetics, nutrition, and cognitive health. Since the acquisition, we’ve strategically accelerated investment in Renu Labs’ technology, equipment, and talent, resulting in measurable improvements in production and operational efficiency.

    myLife Wellness will serve as both the marketing and e-commerce platform engine for the products developed and manufactured by Renu Labs, with a focus on aesthetics, health, nutrition, and cognitive wellness. These products are expected to be distributed through both retail and wholesale channels. In addition to operating as a standalone platform, myLife Wellness also expects to be able to leverage retail, wholesale, and direct-to-consumer channels through collaboration with our affiliated business platform, iGenius, to promote and offer myLife wellness products to its global membership base and its customers, expanding reach and creating new revenue opportunities.

    We plan to further the development and growth of both Renu Labs and myLife Wellness in 2025, as well as establishing our presence in the health and wellness industry and supporting our broader global growth objectives.

    Our Financial Services Initiatives

    March 2024 marked a major milestone in our fintech initiatives with the acquisition of Opencash Securities LLC—an early-stage registered broker-dealer. Although it has not yet achieved commercial operations, it is our objective to develop Opencash as a modern, mobile-first platform for low-cost, and commission-free trading of stocks, ETFs, and options, targeting accessibility and simplicity for retail investors worldwide. Currently, Opencash is progressing through clearing integration, infrastructure buildout, and testing in preparation for launch.

    Our Opencash initiative is intended to complement our proprietary MPower Trading Systems- Prodigio trading engine, acquired in 2021, and once fully developed, may be expected to yield two synergistic platforms: Opencash for everyday users and OpencashPro for advanced traders. Together, they will offer a seamless, data-driven trading experience.

    Message from Investview’s CEO – Victor Oviedo

    2024 was a transformative year for Investview—one marked by strategic discipline and a focused commitment to delivering long-term shareholder value. Aligned with our capital allocation priorities, we successfully reduced our outstanding debt by 10%, or $0.4 million, bringing it to $3.2 million by year-end. Simultaneously, we advanced our shareholder-focused strategy through a significant reduction in common stock by repurchasing and retiring approximately 474 million shares, a 20.3% decrease in issued and outstanding shares, at a blended 53% discount to the market.

    These actions reflect our continued focus on building intrinsic value while enhancing capital structure efficiency. Importantly, even after executing these initiatives, we concluded the year with a strong cash position of $22.5 million, providing us with both the resilience and flexibility to pursue appropriate investment opportunities, should they arise, pursue strategic acquisitions, and fund the continued development of our platforms.

    Further, the Company recently announced in March 2025 the launch of a $1 million share repurchase program, reaffirming its confidence in the long-term value of its business. This initiative reflects management’s belief that the current market price of its common stock does not accurately reflect the Company’s underlying strength and growth potential.

    Despite a challenging macroeconomic environment and industry headwinds, Investview continues to demonstrate resilience, adaptability, and long-term vision across its dynamic portfolio of business units—including financial education, wellness product manufacturing, sustainable blockchain mining, and a soon-to-launch online trading platform.

    As we look to the future, our aspirations are clear: scale our highest-potential business segments, maintain financial strength, and unlock new sources of value across our ecosystem.

    Entering the Wellness Market with myLife Wellness and Renu Labs

    Our entry into the over-the-counter health, beauty, and wellness market reflects a strategic step in broadening our platform and aligning with growing consumer demand in key wellness categories. This expansion began when our subsidiary, myLife Wellness Company (“myLife Wellness”), acquired the business of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer of both proprietary and non-proprietary health, beauty, and wellness products for third-party clients.

    The acquisition provides a pathway for us to extend into consumer verticals with a focus on aesthetics, nutrition, and cognitive health areas that complement our broader long-term growth objectives.

    In addition to myLife Wellness operating as a standalone platform, myLife Wellness also expects to be able to leverage retail, wholesale, and direct-to-consumer channels through collaboration with our affiliated business platform, iGenius, to promote and offer myLife wellness products to its global membership base and its customers, expanding reach and creating new revenue opportunities.

    Since the acquisition, we have made targeted investments in Renu Labs’ technology, equipment, and team. These enhancements have already contributed to improved production capacity and operational efficiency, laying a solid foundation for continued growth and development in this space.

    Positioned for a Breakout Year in 2025 and Beyond

    As we move into 2025, Investview is looking to accelerate growth and drive innovation across all verticals. Our key priorities include:

    • Launching the Opencash trading platform
    • Expanding iGenius’ global distribution network
    • Investing in new products and technology
    • Pursuing strategic and synergistic acquisitions
    • Maintaining a strong cash position and balance sheet discipline
    • We remain cautiously optimistic as to the long-term value of Bitcoin mining, and we intend to take deliberate steps to stabilize operations until favorable conditions return to support the business expansion.

    We enter 2025 with a clear vision, and a strong sense of purpose. Our leadership team is aligned around innovation, execution, and long-term value creation. With $22.5 million in cash, reduced debt, and a motivated team, we are anxious to pursue new opportunities and unlock shareholder value.”

    At Investview, we are not just building for today—we are shaping a future defined by possibility. We believe the best is yet to come.

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are planning to create a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

    About Opencash Securities LLC

    Brokerage services are provided by Opencash Securities LLC, a member of FINRA and SIPC. Options involve risk and are not suitable for all investors. Please review Characteristics and Risks of Standardized Options prior to engaging in options trading. Opencash Securities LLC does not provide investment advice. Please consult with investment, tax, or legal professionals before making any investment decisions. All investments involve risks, including the possible loss of capital. Check the background of this investment professional on BrokerCheck. Opencash Securities LLC is a wholly-owned subsidiary of Investview, Inc.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect that we will ultimately be able to develop retail brokerage operations at Opencash, although it is currently in the pre-revenue and early stage of its operations. We plan to do this by, among others, investing the funds we believe are necessary to develop the infrastructure necessary to achieve retail operations. This includes, among others, the on-boarding of customer support personnel and software developers, the development and implementation of a marketing strategy, the securing of necessary securities clearing arrangements, and the continued development of the online Opencash trading platform and completing its integration with the proprietary algorithmic trading platform we acquired in September 2021. Despite our best efforts, there can be no assurance that we will be able to achieve these objectively on a timely basis, if at all, as the development of an early-stage securities brokerage business involves inherent regulatory and operational risks and uncertainties. Our forward-looking statements also assume that the curtailment in our hydroelectric energy supply will be addressed within the near term and will not continue to have a long-term negative impact on our Bitcoin mining operations, although we are unable to predict when our mining levels will return to pre-2024 levels. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    Reconciliation of Gross Revenue to Net Revenue (unaudited)

    As used in this report, Gross Revenues are not a measure of financial performance under United States Generally Accepted Accounting Principles (“GAAP”). Gross Revenues are presented as they are used by management to understand the total revenue before certain items such as refunds, incentives, credits, chargebacks and amounts paid to third party providers. The non-GAAP Gross Revenue measure is a supplement to the GAAP financial information. A reconciliation between Gross Revenue (non-GAAP) and Net Revenue is presented in the table below.

    Gross Revenue (non-GAAP) to Net Revenue reconciliation for the twelve months ended December 31, 2024 is as follows:

        Membership
    revenue    		     Mining revenue     Health and wellness product sales     Other Revenue     Total  
    Gross billings/receipts   $ 50,086,839     $ 5,186,606     $ 110,856     $ 23,404     $ 55,407,705  
    Refunds, incentives, credits, and chargebacks     (3,025,549 )     –       (185 )     –       (3,025,734 )
    Net revenue   $ 47,061,290     $ 5,186,606     $ 110,671     $ 23,404     $ 52,381,971  

    Gross Revenue (non-GAAP) to Net Revenue reconciliation for the twelve months ended December 31, 2023 is as follows:

        Membership
    Revenue    		     Cryptocurrency Revenue     Mining Revenue     Miner Repair Revenue     Total  
    Gross billings/receipts   $ 60,516,836     $ 990,785     $ 11,348,156     $ 23,378     $ 72,879,156  
    Refunds, incentives, credits, and chargebacks     (4,480,784 )     –       –       –       (4,480,784 )
    Amounts paid to supplier     –       (477,500 )     –       –       (477,500 )
    Net revenue   $ 56,036,052     $ 513,285     $ 11,348,156     $ 23,378     $ 67,920,871  

    The MIL Network –

  • MIL-OSI Economics: Christian Kettel Thomsen: It is important to strengthen the EU’s single market so there can be more attractive projects to invest in

    Source: Danmarks Nationalbank

    Although the EU has a robust financial sector, there is a lack of venture capital to invest in European firms.

    “There are two main obstacles to investments finding their way to where they are most useful. First of all, the EU’s single market and capital market remain fragmented. Although the rules are common in the EU, European firms and investors are faced with additional national rules or different supervisory practices when they move across borders. If more capital is to be invested in Europe and competitiveness is to improve, it is necessary to limit national exemptions and special rules so that the EU’s capital can find its way to the most attractive projects across Europe” said Christian Kettel Thomsen and continued:

    “Secondly, financial rules in the EU have become so complex that they are perceived as an unnecessary chain around the leg. That is why we should look at simplifying rules and reducing burdens. However, this must not be at the expense of financial stability and confidence in the financial sector. A robust and well-capitalised financial sector is a prerequisite for stable lending that supports the firms – even in times of crisis.”

    “Removing obstacles in the capital market is a difficult task, and it will require difficult compromises, but it is necessary. We need to strengthen the internal market so that there can be more attractive projects in Europe to invest in. The funds are there.” Said Christian Kettel Thomsen in conclusion.

    (The presentation can be found below).

    MIL OSI Economics –

  • MIL-OSI: Voltus Registers First Resource Under NYISO’s Distributed Energy Resource Participation Model

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Voltus, Inc. (Voltus), the leading distributed energy resource (DER) platform and virtual power plant (VPP) operator, announced today that it has completed an integration with National Grid and submitted registrations to the New York Independent System Operator (NYISO) for participation in the new Distributed Energy Resource Participation Model (DER Participation Model.) This new model aims to support NYISO’s energy transition by better incentivizing customers to provide balancing resources to the electric grid.

    The DER Participation Model significantly increases the value of a customer’s distributed energy resources. If a megawatt enrolled in New York City’s SCR Program instead enrolls in the DER Participation Model, which optimizes participation across the capacity, ancillary services, and energy markets, value can increase by nearly 50%.

    “With the DER model, Voltus can unlock brand-new revenue streams for energy storage and flexible loads, while bringing more dollars per megawatt to customers who already participate in demand response programs,” explains Neil Lakin, Voltus CTO and Co-founder. “New York businesses are very sophisticated buyers of energy, but the DER model is complex and will offer something new for everyone. From regulatory advocacy to engineering R&D, we have invested thousands of hours into optimizing the DER model so that any New York business can take advantage of these new opportunities.”

    The submitted registrations were for TeraWulf’s Lake Mariner data center campus, which has been a Voltus customer since 2023.

    “The Voltus team has an in-depth understanding of TeraWulf’s business model, both from a financial and operational perspective, and possesses the technical expertise needed to seamlessly integrate with our miner management system,” said Nazar Khan, Chief Technology Officer of TeraWulf. “We have complete confidence in Voltus to guide us through new opportunities like the DER Participation Model, driving Lake Mariner’s continued success within the NYISO.”

    In the next few months, Voltus expects to complete integrations with additional Transmission Owners, including ConEdison, Orange & Rockland, NYPA, NYSEG and Rochester Gas & Electric. To discuss transitioning to the DER Participation Model, contact the Voltus team at info@voltus.co.

    About Voltus
    Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.

    Media Contact
    Mona Khaldi
    press@voltus.co

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. Receives FDA Clearance of Second Investigational New Drug Application to Initiate Phase 1 Clinical Trial of Lead Compound CER-1236 in Solid Tumors

    Source: GlobeNewswire (MIL-OSI)

    SOUTH SAN FRANCISCO, Calif., March 31, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announces that the Company has received clearance by the U.S. Food and Drug Administration (FDA) for a second Investigational New Drug (IND) application for lead compound CER-1236 for a Phase 1 clinical trial in advanced solid tumors, specifically non-small cell lung cancer and ovarian cancer.

    CERo Chief Medical Officer Robert Sikorski, M.D., Ph.D. commented, “Following the launch of our AML trial, we are now starting a second clinical study of CER-1236 to evaluate its potential in solid tumors and bring new therapeutic options to patients with ovarian and lung cancer,” said Robert Sikorski, M.D., Ph.D., Chief Medical Officer of CERo. “CER-1236 is novel: the first CAR-T cell therapy to target Tim-4L and the first with phagocytic activity programmed into a T cell. Preclinical data suggest that this dual mechanism may help overcome key resistance barriers that have hampered solid tumor CAR-T trials. The FDA’s collaborative role has been critical to maintaining development velocity and enabling us to operate two open trials in both hematologic and solid tumors. Taken together, this expansion reflects our belief in the therapeutic breadth and the commercial and partnering potential of CER-1236.”  

    The Company recently announced data showing that CER-1236 treated ovarian cancer cells and did not generate toxicity in animal models (mice).  Investigators found that following dosing, assessment of clinical and anatomic pathology after CER-1236 infusion showed T cell engraftment in lymphoid organs, but there were no in-life observations, clinical pathology, nor histopathological evaluations indicating toxicity caused by the compound. 

    “Of note, our team has been simultaneously progressing our Phase 1 AML trial in the U.S.  Their incredible efforts cannot be under-emphasized, and I wish to convey my gratitude to our extremely competent and efficient team.  We are looking forward to sharing progress on each of our two Phase 1 clinical trials in the near term,” added CERo CEO Chris Ehrlich.

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo anticipates initiating clinical trials for its lead product candidate, CER-1236, in 2025 for hematological malignancies.

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the product development and clinical potential of CER-1236, financial position, business strategy and the plans and objectives of management for future operations of CERo and the implementation of its plan of compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “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. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 2, 2024, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:
    Chris Ehrlich
    Chief Executive Officer
    chris@cero.bio

    Investors:
    CORE IR
    investors@cero.bio

    The MIL Network –

  • MIL-OSI: Justin Sun: Forbes Cover Marks New Beginning, Vows 40-Year Commitment to Crypto Industry

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 31, 2025 (GLOBE NEWSWIRE) — Justin Sun, Global Advisor of HTX and Founder of TRON, has been featured on the Forbes Digital Assets Daily Cover, which lauds him as a “Crypto Billionaire Who Helped The Trumps Make $400 Million.” This marks a historic moment as Sun becomes the second Chinese entrepreneur—after Jack Ma—to be featured on Forbes’ English digital asset spotlight. On the evening of March 28, Sun joined a live broadcast session hosted by HTX titled “Justin Sun Featured on Forbes! Another Legendary Moment for Crypto?” to share his thoughts and experiences. The livestream also featured Molly, Spokesperson of HTX, along with several well-known Chinese crypto influencers and representatives from leading industry media.

    Showcasing Chinese Leadership on the Global Crypto Stage

    Sun views this recognition as an opportunity to represent both himself and the broader crypto industry on the global stage. “This helps the public better understand who I am, what the crypto industry stands for, and can potentially reshape public perception,” said Sun. “It’s also a great opportunity for the industry’s growth in China. We can now prove to the world that the crypto sector can represent Chinese voices and interests on a global level.”

    “This is definitely a milestone, but it’s just the beginning,” he added. Prior to him, only CZ, Brian Armstrong, and SBF had received this level of recognition. “This validates the achievements we’ve made in the industry, and also enhances the visibility and reputation of brands like HTX and TRON. In the business world, Forbes’ endorsement brings credibility and trust to our work.”

    Forbes Recognition to Accelerate HTX’s Global Expansion

    The three previously recognized crypto leaders corresponded to Binance, Coinbase, and FTX. Now, Sun represents HTX. “Not long ago, Forbes named HTX one of the world’s most trustworthy crypto exchanges. This, along with the latest feature, strongly supports our global expansion,” said Sun. “Since rebranding to HTX, our platform has become easier for international users to recognize and connect with. I’m very optimistic about HTX’s next phase of growth.”

    Sun has also praised HTX on social media, citing steady trading volume increases, successful asset launches, and over $100 million in net inflows for three consecutive months. “Based on current liquidity levels, HTX ranks around sixth globally,” he said. “With sustained effort, we have a real opportunity to return to the global top three.”

    A Vision to Build the Industry for the Next 40 Years

    March 28 also marks the 10th anniversary of Jack Ma’s Lakeside University. As an alumnus, Sun noted: “The biggest difference is, when Jack Ma appeared on Forbes, Alibaba was already a household name. But blockchain is still in its early stages. Out of 7 billion people worldwide, TRON has only 300 million users—we’re still early.”

    Looking ahead, Sun remains ambitious. “I believe I can contribute to the industry for at least another 40 years. I entered the crypto space in 2012—it’s been just 13 years. If given three times more time, I’m confident I can help elevate the industry to new heights.”

    About HTX

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

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

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

    For further inquiries, please contact:
    Ruder Finn Asia
    glo-media@htx-inc.com.

    Disclaimer: This press release is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. 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/3f568896-43a1-4685-898f-04524880fc09

    The MIL Network –

  • MIL-OSI Africa: Oando PLC Joins Afreximbank’s AfrexInsure Portfolio

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

    CAIRO, Egypt, March 31, 2025/APO Group/ —

    AfrexInsure, the wholly-owned Specialty Insurance Subsidiary of African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com), has announced its onboarding of Oando PLC as one of its strategic clients, further strengthening the business relationship between Oando PLC and the Bank.

    With Oando on board its clientele portfolio, this new development aligns with Afreximbank’s financial support to the company, with critical risk management solutions, ensuring that the Bank’s investment in Oando PLC’s operations in Nigeria is safeguarded through tailored Specialty Insurance Solutions. By mitigating operational and geopolitical risks, the collaboration would enhance Oando’s resilience, promote sustainable energy development and reinforce Afreximbank’s commitment to economic growth and regional stability in the trade ecosystem.

    Commenting on the partnership, Jonas Mushosho, CEO and Principal Officer of AfrexInsure, said: “This strategic collaboration between Oando and AfrexInsure will help promote local content in Africa’s oil and gas sector. The collaboration, which also underscores a shared commitment aimed at fostering economic empowerment and contributing to the sustainable development of Africa’s natural resources, will also strengthen the African insurance sector by retaining premium flows within the continent and fostering Africa’s financial sustainability.”

    Mr. Mushosho, who noted that Oando PLC and Afreximbank had established a significant business relationship aimed at enhancing trade development in Africa’s energy sector, added that, many multinationals doing business in Africa face high levels of risk in the current volatile and uncertain environment. Greater availability of affordable trade and trade related specialty insurance solutions could mitigate those risks and encourage firms to engage in enhanced industrialisation and export development activities. “This win by AfrexInsure shows how we are supporting the growth of trade and development in Africa by providing required Insurance management services, giving investors the confidence to make investments in Africa. By using African securities, specialty insurance premiums raised in Africa are retained on the continent and are used to contribute to its overall trade and economic development,” he said.

    Commenting on this announcement, Wale Tinubu CON, Group Chief Executive, Oando PLC, said: “We have a longstanding relationship with Afreximbank where we have seen the Bank support our vision for energy in Africa, not only with essential financing but also with invaluable guidance and advisory support. Following our recent acquisition, a tailored risk identification and mitigation approach is paramount. We are confident that our collaboration with AfrexInsure will provide the necessary oversight to ensure both the adequacy and comprehensiveness of our risk management strategy.”

    Afreximbank’s partnership with Oando has included a pivotal role in financing the company’s strategic initiatives in Nigeria’s oil and gas sector, including:

    • Facilitating a US$650-million financing for Oando PLC’s acquisition of Nigerian Agip Oil Company Assets in August 2024, which is expected to enhance Oando’s production capacity from 20,000 to 100,000 barrels of oil equivalent per day, boosting Nigeria’s oil output and economic growth; and
    • Oando PLC’s June 2024 participation, through its Oando Trading subsidiary (“Oando Trading”), in Project Gazelle, the US$3.3-billion structured crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited, in which Oando Trading contributed US$550 million to a US$925-million accordion facility arranged by Afreximbank.

    Established by Afreximbank, AfrexInsure provides specialty insurance products to ensure that right-fit insurance solutions are secured for African clients. The subsidiary provides comprehensive and tailored solutions that secure assets owned by clients and that meet bankability requirements of project funders. It draws on expertise, personalized approach and market knowledge to guarantee that Intra-African Trade Champions and multinationals receive value from programmes backed by top rated insurers capable of paying claims.

    By placing its programme with pan-African (re)insurers and strong local underwriters, AfrexInsure achieves the retention of premiums in Africa, making it possible for such funds to be invested on the continent where African businesses can access them at lower cost.

    MIL OSI Africa –

  • MIL-OSI: BIO-key Partners with Arrow ECS Iberia to Strengthen Access to its Identity and Access Management Solutions in Spain and Portugal

    Source: GlobeNewswire (MIL-OSI)

    LISBON, Portugal and HOLMDEL, N.J., March 31, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) software for phoneless, tokenless, passwordless, and phishing-resistant authentication experiences, today announced a strategic partnership with Arrow ECS Iberia, a leading cybersecurity and enterprise IT solutions, value-added distributor in Spain and Portugal. Through this collaboration, Arrow ECS Iberia joins BIO-key’s Channel Alliance Partner program, expanding the availability of BIO-key’s cutting-edge IAM solutions across the Iberian market.

    With the increasing demand for robust, regulatory-compliant security solutions in Spain and Portugal, the Arrow ECS Iberia partnership reinforces BIO-key’s commitment to providing next-generation identity security solutions that are phoneless, tokenless, and passwordless, improving both cybersecurity resilience and user experience.

    Partnership to be Unveiled at Arrow ECS Partner Event Wednesday, April 2nd in Lisbon
    BIO-key and Arrow ECS Iberia will officially present the partnership at the Arrow ECS Event, Wednesday, April 2, 2025, at MEO ARENA in Lisbon, Portugal. Arrow ECS Iberia expects to host over 800 partners, technology leaders, and cybersecurity experts, providing a unique opportunity to showcase BIO-key’s advanced IAM solutions to a large audience.

    BIO-key will have a dedicated booth for live demonstrations of its solutions, including Multi-factor Authentication (MFA), Single Sign-On (SSO), and Identity-Bound Biometrics (IBB). BIO-key will also be a featured presenter, joining industry leaders to discuss the future of IAM and how organizations can enhance security while ensuring compliance with the Network and Information Security Directive 2 (NIS2) and the General Data Protection Regulation (GDPR).

    Arrow ECS Iberia Support for Driving Adoption of BIO-key Solutions in Iberian Market:

    • Pre-sales consultation, technical training, and deployment support.
    • Comprehensive Identity and Access Management (IAM) solutions, including Multi-factor Authentication (MFA), Single Sign-On (SSO), and Identity-Bound Biometrics (IBB).
    • Advanced biometric authentication that eliminates the need for traditional passwords.
    • Regulatory-compliant cybersecurity solutions as aligned with European directives, including NIS2 and GDPR.

    “Arrow ECS Portugal is committed to providing best-in-class cybersecurity solutions to organizations. Partnering with BIO-key enables us to offer innovative IAM technologies that help businesses enhance security, simplify identity management, and comply with evolving regulatory requirements. Our deep market knowledge and extensive reseller network make us the perfect partner to drive the adoption of BIO-key’s advanced authentication solutions in the region. Arrow ECS has a global presence and offices in 45 countries.” Alexandre Silva, Security Business Development Manager at Arrow ECS Portugal.

    Accelerating Cybersecurity and Digital Identity Protection
    BIO-key’s Channel Alliance Partner (CAP) program empowers strategic cybersecurity distributors like Arrow ECS Iberia to offer BIO-key’s full suite of biometric authentication, identity security, and adaptive authentication solutions. This partnership will enable enterprises in key industries—including financial services, healthcare, critical infrastructure, and the public sector—to enhance security while ensuring a seamless user experience.

    “Arrow ECS Iberia is a recognized leader in IT security distribution, and their extensive experience in cybersecurity and identity solutions makes them an ideal partner for BIO-key in Spain and Portugal. Together, we are committed to supporting organizations in Iberia with secure, scalable, and regulation-compliant IAM solutions. The upcoming Arrow ECS Event provides a fantastic platform to introduce our partnership, connect with IT leaders, and demonstrate how our Identity-Bound Biometrics and IAM solutions are revolutionizing cybersecurity.” – Alex Rocha, International Managing Director at BIO-key.

    About Arrow ECS Iberia (http://www.arrowiberia.com)
    Arrow ECS Iberia is a leading Value-Added Distributor (VAD) in Spain and Portugal, specializing in enterprise IT solutions, cybersecurity, cloud infrastructure, and identity management. The company works with top-tier technology vendors to deliver high-value IT solutions and services to resellers, system integrators, and managed service providers (MSPs), helping organizations accelerate digital transformation while ensuring security and compliance.

    About BIO-key International, Inc. (www.BIO-key.com)
    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Engage with BIO-key

    Investor Contacts
    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

    The MIL Network –

  • MIL-OSI: Nasdaq Champions Smart Regulatory Reform to Strengthen the World’s Leading Capital Markets and Drive American Economic Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Nasdaq today released a comprehensive set of policy recommendations in a paper titled “Advancing the U.S. Public Markets: Unlocking Capital Formation for a Stronger American Economy.” The paper draws insights from a recent survey and ongoing engagement with thousands of Nasdaq-listed companies and advances critical policy proposals to strengthen the public markets and retain the U.S. capital markets’ status as the global standard for economic innovation and wealth creation.

    Over the past 25 years, the number of public companies listed on U.S. exchanges has declined 36%, from 7,000 to 4,500, while the number of private equity-backed companies in the U.S. has increased approximately 475%, from 2,000 to 11,500. One of key drivers behind this trend is the increased burden associated with public company status. The decline in the number of public-traded companies is harmful to the overall strength, liquidity, and depth of the U.S. markets. The unjustifiable increase in the burdens and costs that must be borne as the price for the privilege of accessing U.S. public markets has needlessly hampered U.S. companies’ growth, scale, and competitiveness in the global economy. Importantly, it has also limited Main Street Americans from benefiting from the value and wealth creation potential from American innovation.

    Nasdaq’s paper recommends pragmatic and results-oriented regulatory changes to restore balance between oversight and accessibility in the public markets. The analysis includes views from companies and argues for proxy process modernization, scaled disclosure with renewed emphasis on materiality, common sense litigation reform, and increased transparency into short selling.

    “Nasdaq has long advocated on behalf of our issuers, and the urgency to find solutions to these pain points extends beyond simply maintaining the public company model – it is about America’s global competitiveness,” said Nelson Griggs, President of Nasdaq. “Grounded in the principles of liquidity, transparency and accessibility, public markets help democratize wealth creation, giving everyday investors the opportunity to invest in the companies shaping the economy. By making regulatory processes more efficient, we can create an environment where companies once again view going public as a worthwhile and meaningful achievement – one that is not just a milestone for a business, but also an opportunity to power the next chapter of American economic growth.”

    Public companies need a more level and predictable regulatory environment—one that is rooted in building value for shareholders, ensuring corporate accountability and investor protection. A modern and appropriately scaled regulatory framework can provide investors with the needed information while allowing companies of all sizes to operate and thrive.

    Several key policy priorities identified in the paper to support companies going and staying public are:

    • Proxy Process Modernization, including improving proxy plumbing, common sense proxy access and shareholder proposal reforms, and proxy advisory reform.
    • Scaled Disclosure Relief, including anchoring disclosure requirements in materiality, streamlining quarterly reporting practices, and updating scaled disclosure for emerging growth companies, accelerated filers, smaller reporting companies and well-known seasoned issuers.
    • Leveling the Playing Field with Smart Regulation, including ensuring audits remain relevant and affordable, updating short selling disclosures, and reining in unproductive litigation practices.

    “Markets evolve over time, and now is the time to rebalance and modernize the regulatory environment that is tilted too heavily toward burdensome oversight and is not enhancing the quality of our public markets or the information that investors receive,” said John Zecca, Executive Vice President and Global Chief Legal, Risk and Regulatory Officer at Nasdaq. “Innovators need a more level and pragmatic regulatory environment that is data-driven and results-oriented. If we focus on common sense regulation, simplifying the regulatory burdens on public companies while providing more meaningful information to investors, we will foster stronger capital markets, accelerate job creation, and expand wealth-building opportunities across American society.”

    For more information about Nasdaq’s policy advocacy efforts: www.nasdaq.com/Elevate

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Media Relations Contact:
    Michelle Mendiola
    +1.646.634.8350
    Michelle.Mendiola@Nasdaq.com

    The MIL Network –

  • MIL-OSI: Tax Season Scams: Regula Unveils the Tax Fraud Awareness Guide to Help Americans Safeguard Their Identity

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., March 31, 2025 (GLOBE NEWSWIRE) — Tax season is a prime time for criminals to exploit weak identity security and commit fraud. Millions of Americans still rely on their Social Security Number (SSN) to file taxes, leaving them vulnerable. To protect taxpayers, Regula has launched the Tax Fraud Awareness Guide.

    Image: Tax season is a prime opportunity for fraudsters, and it’s important to understand the risks a taxpayer faces.

    To help individuals and organizations stay ahead of evolving threats, Regula, global developer of identity verification solutions, has launched the Tax Fraud Awareness Guide – a comprehensive kit for recognizing scams, securing identities, and understanding why SSN verification alone is no longer enough.

    What can go wrong?

    U.S. residents have seen a notable rise in “smishing” scams – SMS text messages impersonating the IRS to steal personal and financial information. While this trend, which became particularly prominent in late 2020, continues to threaten taxpayers, it’s far from the only scam they face.

    The most common threats include:

    • Identity Theft – Scammers use stolen personal information to submit tax returns in someone else’s name. (Read more: Identity Theft & How to Prevent It)
    • Synthetic Identity Fraud – Criminals create fake identities using stolen SSNs, filing fraudulent tax returns and claiming refunds. (Read more: The Weakness of SSNs)
    • Account Takeover – Hackers gain control of IRS or tax software accounts to manipulate filings and reroute refunds. (Read more: How Account Takeovers Happen)

    Why SSNs are failing as a security measure

    The SSN was never designed as a secure identity verification method, yet it remains central to tax filings. This has led to increased fraud risks, including:

    • SSNs Are Easily Stolen – Data breaches have exposed millions of SSNs, making them readily available on the dark web.
    • SSNs Are Static – Unlike passwords, SSNs can’t be changed, meaning once they’re compromised, they remain a lifelong risk.
    • SSN-Based Verification is Outdated – Many tax-related services still rely on SSNs for authentication, making it easy for criminals to assume a stolen identity.

    Beyond SSNs: How Identity Verification (IDV) Strengthens Tax Security

    “With modern fraud tactics evolving rapidly, relying on SSNs alone is no longer enough to safeguard taxpayers,” said Henry Patishman, Executive Vice President, Identity Verification Solutions at Regula. “For example, recent SSA’s plans to strengthen identity proofing measures are a step in the right direction, but more needs to be done. Financial institutions, tax agencies, and businesses must embrace advanced identity verification solutions that go beyond static credentials.”

    Advanced Identity Verification (IDV) solutions offer a range of tools to safeguard personal and financial data. Biometric verification, including facial recognition or document authentication, confirms real identities. Multi-layered security combines ID document verification, biometric checks, and fraud detection to prevent identity misuse.

    Proactive Security for Taxpayers

    Regula’s Tax Fraud Awareness Guide is designed to help individuals and organizations recognize and prevent fraud, going beyond SSN-based security to offer actionable solutions. The guide includes:

    • An In-Depth Look at Tax Scams – How fraudsters use SSNs, fake tax documents, and phishing schemes to steal refunds.
    • Why SSN Verification is No Longer Enough – Data breaches have exposed millions of SSNs, making them readily available on the dark web. (Read more: The Weakness of SSNs)
    • What is the solution? – How modern identity verification (IDV) solutions provide stronger protection (Read more: How to Build an IDV System)
    • Interactive Tax Fraud Bingo – A fun, educational tool to help taxpayers recognize common scam tactics.

    Regula’s Tax Fraud Awareness Guide is available for free. Check the full Guide here.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eba84af5-c9c4-46bf-be21-a805611eb9cf

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Announces Second Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, March 31, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) today announced financial results for its second quarter fiscal 2025 ended December 31, 2024.

    Second Quarter Fiscal 2025 Financial Highlights Compared to Prior Year

    • Sales revenue increased 4.5% to A$10.4 million reflecting increased demand for the Company’s chemical free canola oil due to expanded customer contracts.
    • Retail oil revenue increased 47.6% to A$5.2 million due to expanded distribution in leading retailers in Australia along with the addition of several new SKUs.
    • Net loss of A$0.3 million compared to net income of A$1.0 million, reflecting changes to sales mix along with the timing of planned investments in brand and marketing to support our GEO products as well as higher professional fees, insurance cost and increased listing compliance costs.

    “Our retail oils business continued to deliver exceptional growth in the second quarter, reflecting robust demand across our portfolio as well as expanding distribution,” said Gary Seaton, Chief Executive Officer. “Our momentum is strong, including a significant increase in demand from China recently, and we continue to benefit from our commitment to eliminating chemicals from the edible oil production and manufacturing systems to supply quality products such as non-GMO oilseeds and organic and non-organic food-grade oils. We remain comfortable with our direction and trajectory and continue to expect to deliver improving returns over the long term as our business scales.”

    About Australian Oilseeds Investments Pty Ltd. Australian Oilseeds Investments Pty Ltd. is an Australian proprietary company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Amarjeet Singh, CFO
    Email: amarjeet.s@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com 

    The MIL Network –

  • MIL-OSI: iRhythm Unveils New Real-World Data at ACC.25 Demonstrating the Benefits of Zio® Long-Term Continuous Monitoring for Arrhythmia Detection

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, March 31, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC) today announced results from two large real-world retrospective analyses presented at the American College of Cardiology (ACC) 2025 Scientific Sessions in Chicago, IL. Drawing on data from more than 1.1 million patients who used iRhythm’s Zio® long-term continuous monitoring (LTCM) ECG devices, these studies demonstrate that short-term (24–48-hour) monitoring, such as with Holter devices, fails to detect a significant proportion of actionable arrhythmias—even in patients reporting “daily symptoms”—and that Symptom–Rhythm Correlation (SRC) is notably low for most arrhythmias, underscoring that selection of monitoring duration based on the frequency of symptoms alone can lead to undetected (missed) actionable1 arrhythmias. Together, these findings highlight the benefits of Zio® long-term continuous monitoring (LTCM)2 and the limitations in 24–48-hour Holter monitoring still prevalent in current clinical practices and payer policies.

    Zio LTCM “Daily Symptoms” Study: Gaps in Short-Term Holter Monitoring

    • 64% Undetected in the First 48 Hours: Among daily-symptom patients—those with daily or greater symptom frequency— diagnosed with actionable arrhythmias, nearly two-thirds went undetected through two days monitoring—indicating that 24–48-hour monitoring, such as with Holter, would have failed to detect them.
    • Higher Yield for Non-Daily Symptom Patients: Non-daily symptom patients—those with symptoms occurring with a frequency less than once per day—had an 80.9% arrhythmia yield versus 69.1% in daily-symptom patients, demonstrating that greater symptom frequency does not necessarily reflect increased arrhythmia burden.
    • Mean Time to First Episode Exceeds 48 Hours: Across all arrhythmia types, the mean time to the first detected episode was greater than 48 hours—regardless of symptom frequency—underscoring the limitations of short-term monitoring.

    Zio LTCM “Symptom–Rhythm Correlation (SRC)” Study: Symptoms Alone Are Unreliable

    • Less Than 20% Correlation: In most arrhythmia types, fewer than one in five patients in the analysis documented a symptom coinciding with an arrhythmic episode. Symptom-rhythm correlation was higher for patients reporting daily vs. non-daily symptoms.
    • AF Often Asymptomatic: Even for atrial fibrillation (AF)—the most commonly symptomatic arrhythmia—over half of all cases were asymptomatic.
    • Serious Arrhythmias Frequently Not Correlated with Symptoms: Ventricular tachycardia, AV block, and significant pauses were frequently detected by Zio LTCM without patient-reported symptoms, suggesting that selection of monitor duration should not be based on symptom frequency alone, and that long-term continuous monitoring may offer advantages over other monitoring types with shorter duration or those which rely on patient triggered events to initiate recording.

    “These findings challenge the long-held assumption that frequent symptoms justify short-duration monitoring,” said Mintu Turakhia, MD, iRhythm Chief Medical and Scientific Officer and EVP of Product Innovation. “They reinforce the limitations of Holter-duration monitoring and highlight the value of Zio long-term continuous monitoring up to 14 days. Once again, iRhythm’s real-world data are contributing evidence that can help guide both clinical practice and payer policy.”

    Arrhythmias: A Growing Burden for Patients and Health Systems

    Up to five percent of the general population—around 16 million Americans—experience arrhythmias,3 in which the heart may beat too quickly, too slowly, or sporadically. If left untreated, certain arrhythmias can damage the heart, brain, or other organs4 and increase the risk of stroke or death.5,6,7   Beyond these clinical concerns, the financial toll of undiagnosed arrhythmias is substantial. It’s estimated that undiagnosed atrial fibrillation alone costs the U.S. $3 billion per year,8 while heart failure costs could reach $70 billion by 2030.9 Taken together, these figures illustrate both the clinical urgency and health-economic rationale for long-term continuous monitoring.

    Implications for Clinical Care and Payer Policy

    While 24–48-hour Holter monitoring is widely used in current clinical practice and historically supported by payer policies—especially for patients reporting daily symptoms—these new findings indicate that 64% of daily-symptom patients with actionable arrhythmias remain undetected following the first 48 hours of monitoring, which could lead to missed diagnoses and delayed care. In contrast, Zio LTCM provides uninterrupted, continuous monitoring for up to 14 days, enabling more accurate and timely detection of actionable arrhythmias. The Cardiac Ambulatory Monitor EvaLuation of Outcomes and Time to Events (CAMELOT) study, published in the American Heart Journal, further demonstrated that Zio LTCM service had the highest yield of specified arrhythmia diagnosis and the lowest likelihood of repeat testing compared to all other monitoring services.10,11,12,13 As healthcare systems increasingly adopt value-based care models, extending monitoring beyond 48 hours can improve patient outcomes, reduce missed diagnoses, and help contain healthcare resource utilization.

    New Data Add to iRhythm’s Clinical Evidence Base for LTCM

    These new data build on iRhythm’s comprehensive clinical evidence program, encompassing more than 125 original research manuscripts,14 insights derived from over 2 billion hours of curated heartbeat data15 and more than 10 million patient reports posted since the company’s inception—underscoring the company’s ongoing commitment to expanding evidence that supports improved patient outcomes.

    About the iRhythm Studies Presented at ACC.25

    “Arrhythmias in Patients with Daily vs. Non-Daily Symptoms Undergoing Long-Term Continuous Patch ECG Monitoring”

    Holter monitoring of 24-48 hours remains in common use for patients with frequent or daily symptoms based on clinician or payer preferences. This retrospective cohort study sought to determine the percentage of arrhythmias detected by LTCM before and after 48 hours of monitoring in patients with daily (≥ 1/day) and non-daily (<1/day) symptoms. Researchers compared yield in patients ≥18 years prescribed a Zio® monitor or Zio® XT LTCM worn for >7 to 14 days from June 2023 to July 2024. These devices include a patient-activated button to document symptomatic episodes. Symptom frequency was measured as button presses/day and stratified by daily (≥1/day) or non-daily (<1/day). ECG data was analyzed via a deep-learned AI algorithm and confirmed by cardiographic technicians. Nearly two thirds (64%) of daily-symptom patients with actionable arrhythmias were undetected in the first 48 hours and the man time to first detected arrhythmia was >48 hours for all arrhythmia types, regardless of symptom frequency, suggesting that Holter (<48 hour) may be inadequate even for these patients.

    “Symptom-Rhythm Correlation Patterns in Patients Undergoing Ambulatory ECG Monitoring: Analysis of Over 1 Million Patients”

    Symptoms are the most common indication for ambulatory cardiac monitoring, yet Symptom–Rhythm Correlation (SRC) has not been well described across various arrhythmias. Researchers assessed SRC in patients ≥18 years who wore a Zio® monitor or Zio® XT LTCM for >7 to 14 days between June 2023 and July 2024. These devices include a patient-activated button to mark symptomatic episodes, and episodes within ±45 seconds of a recorded arrhythmia were considered rhythm-correlated. ECG data was analyzed via a deep-learned AI algorithm and confirmed by cardiographic technicians. Atrial fibrillation (AF) and ectopic beats were the rhythms most-correlated with patient symptoms. Overall symptom-rhythm correlation was low (i.e., <20% for most rhythms), but higher for patients with Daily Symptoms than Non-Daily Symptoms.

    About iRhythm Technologies
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all. To learn more, please visit https://www.irhythmtech.com/.

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    1 Actionable Arrhythmias defined as Atrial Fibrillation ≥30 sec, Supraventricular Tachycardia ≥90 bpm & ≥30s, Ventricular Tachycardia ≥100 bpm & ≥4 beats, any Ventricular Fibrillation, Pause ≥3 sec, and/or Atrioventricular Block (any 2nd Degree or Complete Heart Block).
    2 The Zio monitor is a prescription-only, single-use ECG monitor that continuously records data for up to 14 days. It is indicated for use on patients who may be asymptomatic or who may suffer from transient symptoms such as palpitations, shortness of breath, dizziness, lightheadedness, pre-syncope, syncope, fatigue, or anxiety.                                
    3 Desai et al. Arrhythmias. In: StatPearls. Treasure Island (FL): StatPearls Publishing; June 5, 2023. https://pubmed.ncbi.nlm.nih.gov/32644349/
    4 National Heart, Lung, and Blood Institute. Arrhythmias – What Is an Arrhythmia? www.nhlbi.nih.gov. Published March 24, 2022. Accessed April 25, 2024. https://www.nhlbi.nih.gov/health/arrhythmias
    5 Ataklte et al. Meta-analysis of ventricular premature complexes and their relation to cardiac mortality in general populations. The American Journal of Cardiology. 2013;112(8):1263-1270. doi:10.1016/j.amjcard.2013.05.065
    6 Lin et al. Long-term outcome of non-sustained ventricular tachycardia in structurally normal hearts. PLOS ONE. 2016;11(8). doi:10.1371/journal.pone.0160181
    7 Wolf et al. Atrial fibrillation as an independent risk factor for stroke: The Framingham Study. Stroke. 1991;22(8):983-988. doi:10.1161/01.str.22.8.983
    8 Turakhia et al. Economic Burden of Undiagnosed Nonvalvular Atrial Fibrillation in the United States. The American Journal of Cardiology. 2015;116(5):733-739. doi:https://doi.org/10.1016/j.amjcard.2015.05.045
    9 Heidenreich et al. Forecasting the Impact of Heart Failure in the United States: A Policy Statement From the American Heart Association. Circulation: Heart Failure. 2013;6(3):606-619. doi:https://doi.org/10.1161/hhf.0b013e318291329a
    10 Reynolds et al. Comparative effectiveness and healthcare utilization for ambulatory cardiac monitoring strategies in Medicare beneficiaries. Am Heart J. 2024;269:25–34. https://doi.org/10.1016/j.ahj.2023.12.002
    11 A specified arrhythmia refers to an arrhythmia encounter diagnosis as per Hierarchical Condition Categories (HCC) 96.

    12 Based on previous generation Zio XT device data. Zio monitor utilizes the same operating principles and ECG algorithm. Additional data on file.
    13 Zio LTCM service refers to Zio XT and Zio monitor service.
    14 Data on file. iRhythm Technologies, 2025.
    15 Data on file. iRhythm Technologies, 2024.

    The MIL Network –

  • MIL-OSI: Atsign Advances Private Website Security with the Power of Invisibility

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Atsign today announced that NoPorts™ fundamentally changes how private websites are secured. Unlike current systems where the web entry point is visible to anyone on the internet, NoPorts makes the entire website invisible until a person is cryptographically authenticated. This eliminates a significant attack vector, ensuring only authorized individuals can access the site.

    Private websites, containing sensitive data for organizations like legal offices, healthcare providers, and financial institutions, typically have open ports and allow connections prior to authentication. This makes it possible for bad actors to find them by scanning for open ports and then attempt to break into them through a variety of means including credential stuffing, brute-force attacks, and social engineering methods used to bypass multi-factor authentication.

    “Current ‘private’ websites are fundamentally flawed. They are easily discovered by bad actors thanks to open ports and allow connections prior to authentication, enabling a variety of attacks. NoPorts flips that model, by closing all inbound network ports and demanding cryptographic proof of identity before any connection, ensuring true invisibility and security,” said Barbara Tallent, CEO of Atsign.

    NoPorts enhances security through:

    • Invisibility – By closing open ports, NoPorts prevents unauthorized discovery and access.
    • Cryptographic Identity Verification – NoPorts replaces traditional authentication methods by requiring cryptographic authentication prior to connection, eliminating a variety of cyber attacks including the risks associated with passwords and MFA.
    • End-to-End Encryption – All traffic is encrypted, ensuring data remains protected even if a network is compromised.

    This approach strengthens security without adding complexity for authorized individuals. NoPorts simplifies security management and reduces IT overhead while providing robust protection against cyber threats.

    This announcement builds upon Atsign’s ongoing development of NoPorts technology, which has already been applied to OpenWrt devices, APIs, AI models, and cloud infrastructure, demonstrating the technology’s broad applicability.

    About NoPorts

    NoPorts eliminates network & security vulnerabilities by securing connections between people, entities, and things making them invisible to would-be attackers by eliminating attack network surfaces. Built on Atsign’s atPlatform, NoPorts provides a zero trust architecture, end-to-end encryption, and no reliance on cumbersome security layers, enabling seamless and secure communication across virtually any environment. Organizations gain scalability, operational efficiency, and stronger security—all while reducing costs and complexity. For more information, visit NoPorts.com.

    About Atsign

    At Atsign, we believe that people, entities, and things—including AI—should connect securely and directly, while always being invisible to bad actors. By eliminating the need for open ports and centralized servers, the atPlatform empowers developers and organizations to build applications with “invisible” security built in, placing data and device control back into the hands of their owners. Atsign is the creator of the atPlatform, the most robust infrastructure available for “invisible networking” and secure, private, peer-to-peer connectivity. Learn more at Atsign.com.

    Scott Hetherington
    Atsign
    Scott@Atsign.com
    844-827-0985

    The MIL Network –

  • MIL-OSI Global: The Panama Canal’s other conflict: Water security for the population and the global economy

    Source: The Conversation – USA – By Karina Garcia, Researcher and Lecturer in Climate, Universidad Tecnológica de Panamá

    The Panama Canal carries cargo ships between the Atlantic and Pacific oceans, cutting weeks off shipping time. Danny Lehman/The Image Bank via Getty Images

    The Panama Canal is one of the most important waterways in the world, with about 7% of global trade passing through. It also relies heavily on rainfall. Without enough freshwater flowing in, the canal’s locks can’t raise and lower ships traveling between the Atlantic and Pacific oceans. Droughts mean fewer ships per day, and that can quickly affect Panama’s finances and economies around the world.

    But the same freshwater is also essential for Panama’s many other needs, including drinking water for about 2 million Panamanians, use by Indigenous people and farmers in the watershed, as well as hydropower.

    When the region experiences droughts, as it did in 2023-2024, the resulting water shortages can lead to increasing water conflicts.

    One of those conflicts involves a new dam the Panama Canal Authority plans to begin building in 2027. It would be designed to secure enough water to keep the canal, which contributes about 4.2% to the country’s gross domestic product,, operating into the future, but it would also submerge farming communities and displace over 2,000 people from their homes.

    The Panama Canal Authority plans to build a new dam and reservoir that would submerge the village of Limon and hundreds of homes in the region.
    AP Photo/Matias Delacroix

    This recent drought wasn’t an anomaly. As an academic who studies the effects of rising temperatures on water availability and sea level rise, I’m aware that as the climate warms, Panama will likely face more extremes, both long dry spells and also periods of too much rain. That will force more trade-offs between residential needs and the canal over water use.

    Complex engineering remade the landscape

    The Panama Canal was built over a century ago at the narrowest point of the country and in the heart of its population center. The route was historically used by the Spanish colonies and later for a rail line between the oceans.

    The idea of a canal connecting the Atlantic and Pacific oceans began as a French endeavor, led by architect Ferdinand D. Lesseps, designer of the Suez Canal in Egypt. After the French effort failed, the U.S. government signed a treaty with newly independent Panama in 1903 to take over the project.

    The U.S. acquired the rights to build and operate the Panama Canal in exchange for US$10 million and annual payments of $250,000. Later, the Torrijos-Carter Treaty in 1977 committed the U.S. to transfer the control of operations to Panama at the end of 1999.

    One week of shipping on the Panama Canal. Source: Maps.com using World Economic Forum data.

    The canal project was designed to take advantage of the region’s tropical climate and abundant average rainfall.

    It harnessed the water of the Chagres River basin to run three sets of locks – chambers that, filled with fresh water, act like elevators, lifting or lowering ships to compensate for the difference in water levels between the two oceans.

    To ensure enough water would be available for the locks, the canal’s designers changed the shapes of the region’s mountains and rivers to create a large watershed – over 1,325 square miles (3,435 square kilometers) – that drains toward the canal’s human-made lakes, Gatun and Alajuela.

    About 65% of the water that flows from the watershed today goes to operate the locks. The majority of that water is quickly lost to the oceans.

    Even the two newest locks, built in 2016, only reuse about 60% of water on each transit – 40% is flushed to avoid saltwater from the oceans intruding into the watershed.

    Threats to water security

    Panama’s wet tropical weather is predominantly influenced by its location near the equator, the trade winds and the oceans. Most of its rain falls during the wet season, from May to November. However, weather records show a drop in average precipitation starting around 1950.

    The driest years resulted in dangerously low water levels in Gatun Lake that made canal operations difficult, including in 1998, 2016 and most recently 2023-2024. El Niño weather patterns can mean particularly low rainfall.

    Water levels at Gatun Lake since 1965 show how low 2023 and 2024 were.
    EIA

    In December 2023, the Panama Canal Authority was forced to limit the number of daily transits to 22, compared with 36 to 38 usual crossings, because too little freshwater was available.

    To avoid steep financial losses, the Panama Canal Authority raised prices and auctioned transit opportunities to the highest bidders. Without those measures, the authority estimated it would lose $100 million a month from reduced ship traffic because of the water shortage.

    Ecosystems also need enough water, and changes in forest tree composition have become evident on Barro Colorado Island in Gatun Lake in response to rising temperatures and more frequent droughts.

    Climate change is also creating greater variability in rainfall. Too much rain can also be a problem for canal operations. In December 2010, the biggest storm on record caused landslides and $150 million in damage that interrupted transits on the canal.

    Sustaining Panama’s canal and its people

    Temporary measures for saving water have been already implemented. The Panama Canal Authority shortened the chamber size in some of its locks to use less water for smaller vessels and minimized direction changes.

    In January 2025, the authority approved plans to build the new dam on the Indio River to increase water available for the canal. The dam could solve some water concerns during drier periods for the canal.

    However, it also illustrates the country’s water conflicts. Once filled, the dam’s reservoir will submerge over 1,200 homes by some counts, and more people in the region will lose access to land and travel routes. The Panama Canal Authority promises that residents will be relocated, but some of those living in the region fear they will lose their livelihoods, along with the communities their families have lived in for generations.

    Panama Canal representatives explain to community members in El Jobo in 2024 how a planned dam on the Indio River would affect the future of their community.
    AP Photo/Matias Delacroix

    Residents across Panama, meanwhile, regularly hear media campaigns that encourage them to save water. An Environmental Economic Incentives Program promotes forest conservation and sustainable family agriculture to conserve water resources.

    The Panama Canal is a crucial part of international trade, and it will face more periods of water stress. I believe responding to those future changes, as well as market and societal demands, will require innovative solutions that respect ecosystem limits and the needs of the population.

    Karina Garcia 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. The Panama Canal’s other conflict: Water security for the population and the global economy – https://theconversation.com/the-panama-canals-other-conflict-water-security-for-the-population-and-the-global-economy-253100

    MIL OSI – Global Reports –

  • MIL-OSI Global: Doctor shortages have hobbled health care for decades − and the trend could be worsening

    Source: The Conversation – USA – By Rochelle Walensky, Bayer Fellow in Health and Biotech, American Academy in Berlin, Senior Fellow in the Women and Public Policy Program, Harvard Kennedy School

    Specialists across numerous fields of medicine are in short supply. sudok1/iStock via Getty Images

    Americans are increasingly waiting weeks or even months to get an appointment to see a health care specialist.

    This delay comes at a time when the population of aging adults is rising dramatically. By 2050, the number of adults over 85 is expected to triple, which will intensify the strain on an already stretched health care system. We wrote about this worsening challenge and its implications for the health care workforce in a January 2025 report in the New England Journal of Medicine.

    We are health care scholars who are acutely aware of the severe shortfall of specialists in America’s health care system. One of us, Rochelle Walensky, witnessed the consequences of this shortage firsthand as the director of the Centers for Disease Control and Prevention from January 2020 to June 2023, during the critical early years of the pandemic.

    The COVID-19 pandemic brought the physician and overall health care workforce shortage to the forefront. Amid the excess daily deaths in the U.S. from COVID-19, many people died of potentially preventable deaths due to delayed care for heart attacks, deferred cancer screenings and overwhelmed emergency departments and intensive care units.

    Even before the pandemic, 80% of U.S. counties lacked a single infectious disease physician. Before going to the CDC, I – Dr. Walensky – was chief of the Division of Infectious Diseases at Massachusetts General Hospital. When COVID-19 hit our hospitals, we were in desperate need of more infectious disease expertise. I was just one of them.

    At the local level, these infectious disease-trained subspecialists provide essential services when it comes to preventing and controlling transmissible outbreaks, carrying out diagnostic testing, developing treatment guidelines, informing hospital capacity planning and offering resources for community outreach. Each of these experts plays a vital role at the bedside and in systems management toward effective clinical, hospital and community responses to infectious disease outbreaks.

    Uneven health care outcomes and access

    For decades, experts have warned of an impending decline in the physician workforce.

    Now, Americans across all regions, specialties and socioeconomic backgrounds are experiencing that decline firsthand or personally.

    The National Center for Health Workforce Analysis projects a national shortage of 140,000 physicians by 2036, with that shortfall spanning multiple specialties, including primary care, obstetrics, cardiology and geriatrics.

    However, some geographic areas in the country – especially some of those with the poorest health – are disproportionately affected. The brunt of the effect will be felt in rural areas: An estimated 56% shortage is predicted in nonmetro areas, versus only 6% in metro areas.

    States such as Massachusetts, New York and Maryland boast the highest density of physicians per 100,000 people, while states such as Idaho, Mississippi and Oklahoma rank among those with the lowest. And even in states with the highest physician density, demand may still overwhelm access.

    Although doctor shortages do not necessarily cause poor health outcomes, regions with fewer physicians tend to have lower life expectancy. The mean life expectancy in Mississippi is six years lower than that of Hawaii and more than four years below the national average. This underscores the substantial differences in health outcomes depending on where you live in the U.S.

    Notably, areas with fewer doctors also see higher rates of chronic conditions such as chronic pulmonary disease, diabetes and poor mental health. This crisis is further exacerbated by the aging baby boomer population, which places increasing demand on an already strained health care system due to rising rates – especially among those over 85 – of multiple chronic diseases, complex health care needs and the concurrent use of multiple medications.

    Rural areas have always had lower access to medical care compared with urban centers, and this divide could get far worse with the looming physician shortage.
    Chalabala/iStock via Getty Images Plus

    How the US reached this point

    Some of these workforce challenges stem from the unintended consequences of policy changes that were originally aimed at improving the rigor of medical education or curtailing a once-anticipated physician glut.

    For example, the 1910 Flexner Report was commissioned to restructure American medical education with the goals of standardizing curricula and improving quality. While the report succeeded at those goals, it was shortsighted in important ways. For instance, it recommended closing rather than strengthening 89 of the 155 existing medical schools at the time. This created medical school deserts that persist in some U.S. regions to this day.

    Additionally, the report further divided the study of medicine, focused on disease, from the study of public health, which is focused on health care systems, populations and society. This separation has led to siloed communication and data systems that continue to hinder coordinated responses to public health crises.

    Decades after the Flexner Report, in 1980, policymakers anticipated a physician oversupply based on medical school enrollment projections and government investments in the medical workforce. In response, funding constraints were introduced by Congress to limit residency and fellowship training slots available after medical school.

    But by the early 2000s, discussions shifted to concerns about physician shortages. Despite the calls for reforms to address the issues more than a decade ago, the funding and training constraints have remained largely unchanged. These have created a persistent bottleneck in postgraduate medical training that requires acts of Congress to reverse.

    Primary care doctors provide continuity for patients; without them, people tend to experience more complex health care needs and poorer outcomes.

    Forces shaping the physician bottleneck

    In the wake of the Dobbs vs. Jackson Women’s Health Organization decision, states with restrictive abortion policies are now facing an emerging and troubling workforce challenge: It may get more difficult to recruit and retain tomorrow’s medical school grads.

    Research surveys suggest that 82% of future physicians, not just obstetricians, prefer to train and work in states that uphold abortion access. While it may seem obvious that obstetricians would want to avoid the increasing liabilities associated with the Dobbs decision, another point is less obvious: Most medical trainees are between the ages of 25 and 35, prime childbearing years, and may themselves want access to a full range of obstetric care.

    And given that 20% of physicians are married to other physicians and an additional 25% to other health professionals, marriage within the health care workforce may also play a substantial role. A physician choosing not to practice in one of the 14 states with limited abortion access, many of which already rank among the poorest in health outcomes and lowest in physician densities, may not only take their expertise but also their partner’s elsewhere.

    Shifting the trajectory

    The doctor shortage requires a combination of solutions, starting with addressing the high cost of medical education and training. Medical school enrollment has increased by only 10% over the past decade, far insufficient to address both the shortage today and the projected growth of the aging population needing care.

    In addition, many students carry large amounts of debt, which frequently limits who can pursue the profession. And existing scholarship and compensation programs have been only modestly effective in incentivizing providers to work in high-need areas.

    In our New England Journal of Medicine report, we laid out several specific strategies that could help address the shortages and the potential workforce crisis. For instance:

    Rather than the traditional medical education model – four years of broad medical training followed by three to seven years of residency – medical schools could offer more specialized training pathways. These streamlined programs would focus on the skills needed for specific medical specialties, potentially reducing training duration and costs.

    Reforming physician compensation could also help address imbalances in the health care system. Specialists and subspecialists typically earn substantially more than primary care doctors, despite the high demand for primary care. Raising primary care salaries and offering incentives, such as student loan forgiveness for physicians in high-need areas, could encourage more doctors to practice where they are needed most.

    Additionally, addressing physician burnout is crucial, particularly in primary care, where administrative burdens such as billing and charting contribute to stress and attrition. Reducing these burdens, potentially through novel AI-driven solutions, could allow doctors to focus more on patient care and less on paperwork.

    These are just an assortment of strategies we propose, and time is of the essence. One thing is certain: The U.S. urgently needs more doctors, and everyone’s health depends on it.

    Dr Rochelle P. Walensky is the Bayer Fellow in Health and Biotech, American Academy in Berlin. She reported receiving personal fees from Madryn Asset Management for serving as a senior policy advisor, Consonance Capital for serving as a senior advisory board member, and Doris Duke Foundation for serving as a trustee; consulting fees from Infectious Diseases Society of America; and nonfinancial support from The Carter Center for being a member of the board of directors outside the submitted work.

    Nicole McCann 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. Doctor shortages have hobbled health care for decades − and the trend could be worsening – https://theconversation.com/doctor-shortages-have-hobbled-health-care-for-decades-and-the-trend-could-be-worsening-251222

    MIL OSI – Global Reports –

  • MIL-OSI Global: Donald Trump likes tariffs, but they damage the economies of everyone involved

    Source: The Conversation – UK – By Muhammad Ali Nasir, Associate Professor in Economics, University of Leeds

    Donald Trump is calling April 2 2025 “Liberation Day”. For the rest of the world it will just be the day when they discover the details of his latest round of tariffs.

    Those tariffs have already become the stand out economic feature of Trump’s second term in the White House. And frankly, it’s been hard to keep track.

    There have been tariffs imposed and then lifted, tariffs with exemptions, tariffs on metal and tariffs on wood. Now Trump has announced a 25% tariff on all imported cars to take effect on April 2, when he also plans to reveal his “reciprocal tariffs” on other trading partners.

    Trump thinks the US has been “ripped off for decades by nearly every country on Earth”. He also counts “tariff” as his favourite word, and a tool which is “”very powerful, both economically and in getting everything else you want”.

    Whether or not the president gets everything he wants remains to be seen. But the frequent changes in tariff policies over the past few weeks have definitely created uncertainty in trade with the US, which research shows can be harmful in itself.

    And the evidence clearly shows that the reasons for the US trade deficit are more to do with domestic issues such as productivity and fiscal discipline than international trade.

    So what are the possible outcomes if Trump continues to pursue this policy?

    The worst case

    Our analysis shows that in the worst-case scenario, non-reciprocated tariffs on Canada and Mexico could result in a significant fall in GDP for all three countries. Canada would be the worst affected (a dip of 16.5%) followed by Mexico (6.6%). GDP in the US would fall by 0.19%.

    Canada is particularly dependent on selling its oil and gas – and the US is heavily reliant on its northern neighbour for its fuel supply. In 2024, total trade between the two nations reached US$762.1 billion (£589 billion).

    The impact on Mexico would also be devastating. Over 40% of the country’s GDP is derived from exports – and 80% of those exports go to the US.

    High tariffs and subsequent retaliations would quickly reduce the confidence of companies on both sides. Costs passed on to consumers would reduce demand and then profits, forming a vicious cycle of economic recession. Trade protectionism could then rise further, potentially even turning a recession into a depression

    Middle ground

    We also found that even if the economic effects of tariffs were less severe, no nation involved would manage to achieve GDP growth. And Canada and Mexico would still suffer the most.

    In this situation, some kind of stalemate could emerge, where tariffs lead to rising inflation, reducing the political appetite for escalation. Trade friction would likely continue until 2026, when a renegotiation of the trade agreement between the US, Mexico and Canada is due to take place.

    Best case

    Even under the best-case scenario, with reduced economic impact, GDP for all three countries still falls. Put simply, imposing tariffs creates no winners.

    Since the tariff has been seen as a bargaining chip, the best option for Canada and Mexico will be to enter trade negotiations with the US, aiming for a balanced trade policy that is beneficial to all parties.



    Read more:
    Donald Trump is planning more trade barriers if he becomes president – but they didn’t work last time

    In the meantime, they should cooperate with other economies affected by US tariffs – such as the EU and China – in the hope that this encourages Trump to make concessions.

    All three countries could then revert to their original low-tariff levels before the trade war. This constitutes the optimal scenario within our projected framework – and could be what happens eventually.

    US treasury secretary, Scott Bessent, has said that Trump’s second favourite word is “reciprocal”. If that’s true, then it is possible that the Trump administration has the overall intention of cooling down the intensity of this trade war ahead of negotiating a new version of its trade deal with Canada and Mexico – and a new one with China too.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Donald Trump likes tariffs, but they damage the economies of everyone involved – https://theconversation.com/donald-trump-likes-tariffs-but-they-damage-the-economies-of-everyone-involved-252322

    MIL OSI – Global Reports –

  • MIL-OSI Global: Climate change isn’t fair but Tony Juniper’s new book explains how a green transition could be ‘just’

    Source: The Conversation – UK – By Alix Dietzel, Senior Lecturer in Climate Justice, University of Bristol

    Tony Juniper. Jason Bye, CC BY-NC-ND

    Inequality – between the rich and poor or between the powerful and the weak – is the main factor stalling action on environmental problems including biodiversity loss, pollution and climate change, according to British environmentalist Tony Juniper.

    In his new book, Just Earth: How a Fairer World Will Save the Planet, he argues that “if we want to build a secure future, both environmental priorities and social justice must be pursued together”. Much of this is about how decisions are made: “Disadvantaged groups rarely have a say, while those deciding on policy continue to comprise a narrow social segment.”

    It is interesting to see Juniper’s views on the topic of a just transition, given his decades of experience. Juniper has served as the executive director of environmental charity Friends of the Earth, he was a Green party parliamentary candidate in the 2011 general election and previously led The Wildlife Trusts. He is currently chair of Natural England, the official government organisation working for the conservation and restoration of the natural environment.

    His views on this subject certainly matter. His key message that social justice is at the heart of solving environmental problems helps to explain why we have collectively failed to address these.

    This injustice is an issue that has been raised for decades by those most affected by environmental issues, those who work in the environment sector and academics like me who focus on environmental justice.

    The UK environment sector, for example, is notoriously one of the least diverse, with only 3.5% of those working in environmental jobs identifying as an ethnic minority. In addition, the climate change movement is sometimes portrayed by the media as a middle-class preoccupation. Research shows a tendency for mainstream media to position environmentalism as a position of the wealthy. That’s reflected by the use of distancing terminology such as “middle-class tree huggers”.

    However, 39% of UK working class voters experience climate anxiety. That’s only slightly below the 42% of middle-class voters.

    Levels of climate concern have stayed high throughout both the COVID-19 pandemic and cost of living crises, while support for government action on climate mitigation policies, such as decreased meat consumption and flying, has remained steady.

    At the global level, there have always been tensions between developed and developing countries in terms of what is “fair”. Entrenched power dynamics ensure that developed countries have historically won out when deciding what a fair future looks like.

    Most recently, those tensions have been evident in the lack of clarity around how loss and damage will be funded and managed – who will pay out when an island disappears, or a village becomes inhabitable to due drought, for example? There’s also much debate around how a new finance goal should be defined, with huge disagreements between the developed and developing countries.

    As Juniper explains, not only is it unclear what fairness means at global negotiations, there is clear evidence that these tend to favour the more powerful countries, such as the US or members of the EU, and create an unjust regime. Steven Vanderheiden, one of the earliest climate justice philosophers, claims that developing nations are usually offered a “take it or leave it” deal, such as the new finance goal of US$300 billion (£232 billion) or about half of what developing countries were asking for, once developed nations have made decisions without them.

    A fairer vision

    In response to these inequalities and ongoing tensions, Juniper sets out a vision for a fairer, greener society – also known as a just transition.

    A just transition is hard to define. It was once a relatively well demarcated and clearly grounded concept associated with worker’s rights.

    Over time, it has become an increasingly all-encompassing policy objective, untethered from any specific policies, political objectives or priorities. Indeed, while there are certainly overlaps between the different visions of a just transition, significant aspects directly contradict one another.

    Just Earth by Tony Juniper is out now.
    CC BY-NC-ND

    Many of the messages in Juniper’s book have been shouted by those less privileged for decades. By using his platform to amplify the importance of climate justice, he is striving to make a difference. However, the voices of those from affected communities in developing countries, the working class in richer countries, and women (who will be hardest hit by climate change) are somewhat absent.

    Juniper neatly encompasses 40-plus years of global negotiations on climate change and biodiversity, reflecting on core issues blocking progress, such as populism and fossil fuel interests. Getting your head around negotiations is a complex task – and it’s one that Juniper executes very well.

    Juniper also discusses rising inequality, especially post-COVID, and the intersecting relationship between affluence and environmental destruction, with the richest consuming far more than the poorest and the top 10% wealthiest individuals having emitting more greenhouse gases than the poorest 50%.

    He sets out the impacts of consumption, particularly of the wealthiest, and the unfairness of those being hit hardest consuming the least. He carefully dissects why indefinite growth of GDP can no longer be taken as a given.

    Then he sets out his vision for a just transition with a ten-point agenda, including new measures of progress. He suggests focusing on wellbeing and sustainable consumption, not GDP.

    He highlights the importance of financing the future and raising the transition war chest – that involves carbon tax regimes and additional public resources for environmental protection to build climate resilience. He advises switching subsidies to green energy rather than fossil fuels, and also advocates for the use of ecocide law to protect future generations.

    While progress is possible, Juniper is a realist. He outlines how much our culture needs to shift away from consumption, competition, devaluing nature, and towards a fairer society for all. As he puts it: “We have nowhere else to go. There is just Earth.”

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

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

    – ref. Climate change isn’t fair but Tony Juniper’s new book explains how a green transition could be ‘just’ – https://theconversation.com/climate-change-isnt-fair-but-tony-junipers-new-book-explains-how-a-green-transition-could-be-just-250671

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Public toilets in St Albans District to get £220,000 upgrade including baby changing and disabled facilities

    Source: St Albans City and District

    Publication date:

    Public toilets across St Albans District are to be modernised and upgraded with an investment of £220,000.

    Improvements will include equipping conveniences with enhanced facilities for disabled people and baby changing.

    St Albans City and District Council operates 16 public conveniences at various locations including the City Centre, three cemeteries, two parks and in a number of villages.

    A review of the facilities was recently undertaken with the British Toilet Association (BTA) to consider future options.

    The Council does not have a statutory duty to provide public toilets and in common with other local authorities is facing considerable pressure on its budget.

    Some of the toilets need substantial improvements and to add to the financial challenges, a cleaning contract due to be renewed in June is likely to increase costs significantly.

    However, the options of closing all the facilities or introducing a small charge for their use have been ruled out.

    Instead, Councillors agreed to proposals to upgrade key facilities, remodelling them into accessible and unisex toilets. 

    Only three toilets, which are no longer fit for purpose and close to alternative facilities, will be shut.

    Discussions are to be initiated with Parish and Town Councils to see if they will take over the operation of public toilets in their area as they have done with other community assets.

    The BTA assessment of the conveniences took into account the number of daily users, proximity to other toilets and the condition of the facilities.

    Chris Traill, the Council’s Strategic Director for Community and Place Delivery, said:

    In reviewing our public conveniences and considering future options, we have had to balance value for money with the needs of our communities.

    We were very much guided by the experts at the British Toilet Association and our own careful planning around locations to match our customers’ usage. This has resulted in our plan to turn some of the existing toilets into unisex ones with disabled and baby changing facilities. 

    These will provide improved facilities for the whole community such as people with a baby to care for while also being less costly to maintain.

    A few toilets will be permanently closed, but I hope our residents understand they were no longer fit for purpose and are a short walk from much better, alternative facilities.

    The review recommendations accepted by Councillors as part of the Council’s budget process for 2024/25 are:

    Clarence Park – the Bowling Green toilet will be closed for general use while the ornamental park toilet will be refurbished and converted into a unisex convenience with baby changing and disabled facilities.

    Verulamium Park – the Abbey View Athletics Track toilet, currently closed because of structural concerns, will be permanently shut with visitors signposted to Westminster Lodge Leisure Centre. The toilets beside the Roman Museum will be refurbished and retain separate male and female facilities.

    City Centre – Drovers Way and Civic Centre Car Park toilets, which have been plagued by serious anti-social behaviour, to be closed with people signposted to the first-class facilities at St Albans Museum + Gallery and inside the Civic Centre. The Changing Places toilet at the Civic Centre Car Park to be retained. 

    Parishes – toilets to be refurbished and remodelled as unisex ones with baby changing and disabled facilities at Wheathampstead, London Colney, Park Street and the Quadrant. This was trialled successfully at Sandridge and recently completed at Redbourn.

    Cemeteries – toilets refurbished and remodelled as unisex ones with baby changing and disabled facilities at Hatfield Road, London Road and Westfield Road.

    The refurbishments will require a one-off capital investment of £220,000 agreed by Councillors.

    Photo: Toilets beside the Roman Museum at Verulamium Park.

    Contact for the media: John McJannet, Principal Communications Officer: 01727 819533, john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI: Diginex Limited and Forvis Mazars Announce Strategic Alliance to Enhance Supply Chain Risk Assessment with diginexLUMEN

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 31, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex Limited” or the “Company”) (NASDAQ: DGNX), a leading impact technology company focused on solving pressing environmental, social, and governance (ESG) challenges, today announced a strategic alliance with Forvis Mazars (“Forvis Mazars”), a leading global professional services firm, to bring its innovative supply chain due diligence platform, diginexLUMEN, to Forvis Mazars’ extensive client base. This collaboration aims to empower businesses to assess and manage supply chain risks related to climate and social issues, enhancing transparency and resilience in an increasingly complex global landscape.

    The alliance combines Diginex’s cutting-edge technology with Forvis Mazars’ deep expertise in ESG advisory, climate risk management, and business strategy, offering clients a powerful tool to navigate the evolving demands of sustainability and regulatory compliance. diginexLUMEN, a scalable and affordable Software-as-a-Service (SaaS) solution, provides unparalleled insight into supply chain risks by leveraging robust governance processes, multilingual worker voice surveys, and algorithm-based risk scoring. This enables companies to identify, prioritize, and address issues such as forced labor, climate impacts, and other social vulnerabilities across their global operations.

    “We are excited to work with Forvis Mazars to introduce diginexLUMEN to their clients, helping businesses of all sizes tackle the critical challenges within their supply chains,” said Mark Blick, CEO of Diginex. “This alliance underscores our mission to help enable easy access to advanced ESG tools, enabling organizations to drive meaningful change while meeting stakeholder expectations and regulatory requirements.”

    Forvis Mazars, known for its tailored solutions in ESG and climate risk management, sees this alliance as a key step in supporting clients to build sustainable and resilient business models. “Our clients are increasingly focused on understanding and mitigating supply chain risks tied to climate change and social issues,” said William Hughes, Sustainability Director at Forvis Mazars. “By integrating diginexLUMEN into our service offerings, we can provide actionable insights and innovative technology to help them achieve their sustainability goals and thrive in a rapidly changing world.”

    This strategic relationship comes at a pivotal time as global supply chains face heightened scrutiny from regulators, investors, and consumers demanding greater accountability on climate and social impacts. diginexLUMEN’s proven track record—developed in collaboration with industry leaders like The Coca-Cola Company, Unilever and Reckitt—positions it as a transformative tool for companies seeking to move beyond traditional audit models toward continuous, data-driven risk management.

    Through this alliance, Forvis Mazars clients will gain access to diginexLUMEN’s comprehensive features, including supplier performance monitoring, ESG reporting capabilities, and actionable improvement tracking, all designed to foster transparency and accountability. Together, Diginex and Forvis Mazars aim to set a new standard for supply chain due diligence, helping businesses align profitability with purpose.

    For more information about diginexLUMEN or to schedule a demo, visit www.diginex.com. For inquiries about Forvis Mazars’ ESG and climate risk services, visit www.forvismazars.us.

    About Diginex Limited
    Diginex Limited is a Cayman Islands exempted company, with subsidiaries located in Hong Kong, the United Kingdom and the United States of America. Diginex Limited commenced operations in 2020 and is a software company that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. Diginex Limited is an impact technology business that helps organizations address the some of the most pressing ESG, climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.

    Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. For more information, please visit the Company’s website: https://www.diginex.com/.

     About Forvis Mazars  

    Forvis Mazars is the brand name for the Forvis Mazars Global network (Forvis Mazars Global Limited) and its two independent members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories. Forvis Mazars Global Limited is a UK private company limited by guarantee and does not provide any services to clients. Forvis Mazars LLP is the UK firm of Forvis Mazars Group. 

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. 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. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    For investor and media inquiries, please contact:

    Diginex
    Investor Relations
    Email: ir@diginex.com  

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global  

    IR Contact – Asia
    Shelly Cheng
    Strategic Public Relations Group Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk

    Forvis Mazars
    Josh Voulters
    Communications and Brand Director
    Email : josh.voulters@mazars.co.uk

    The MIL Network –

  • MIL-OSI: BOS Reports Financial Results for the Fourth Quarter and Full Year 2024

    Source: GlobeNewswire (MIL-OSI)

    Net Income Rises 14.7% Year-Over-Year on Increased Gross Margin, Efficient Operations

    Provides Initial 2025 Outlook for Further 10% Growth in Sales and Net Income

    RISHON LE ZION, Israel, March 31, 2025 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the fourth quarter and full year 2024.

    Year 2024 Financial Highlights:

    • Revenues declined by 9.7% to $39.9 million from $44.2 million in 2023. Revenue results in 2023 benefitted from one-time post-COVID restocking activities at multiple customers.
    • Gross profit margin increased to 23.3% compared to 20.8% in the preceding year, demonstrating improved operating efficiency.
    • Operating profit decreased to $1.4 million from $2.5 million in 2023, due to $1.2 million non-cash impairment of goodwill and other intangible assets in 2024.
    • EBITDA increased to $3.25 million compared to $3.06 million in 2023.
    • Financial expenses decreased to $139,000 from $441,000 in the prior year.
    • Non cash income from taxes amounted to $1 million in year 2024.
    • Net income increased by 14.7% to $2.3 million, or $0.40 per basic share, compared to $2.0 million, or $0.35 per basic share, in the year 2023.

    Fourth Quarter 2024 Financial Highlights:

    • Revenues declined by 4.6% to $10.4 million from $10.9 million in the fourth quarter of 2023.
    • Gross profit margin increased to 22.9% compared to 19.2% in the comparable quarter last year.
    • Operating loss amounted to $616,000 compared to an operating income of $400,000 in the fourth quarter of 2023, due to a $1.2 million non-cash impairment of goodwill and other intangible assets included in the results of the fourth quarter of 2024.
    • EBITDA amounted to $715,000 compared to $562,000 in the fourth quarter of 2023.
    • Financial income amounted to $99,000 compared to financial expenses of $31,000 in the fourth quarter of 2023.
    • Non cash income from taxes in the amount of $1 million in the fourth quarter of 2024.
    • Net income amounted to $485,000 or $0.08 per basic share compared to $427,000 or $0.07 per basic share in the fourth quarter of 2023.

    Eyal Cohen, BOS’ CEO, stated: “BOS improved profitability on an operating basis across all of our business units in 2024, leveraging our favorable sales mix and lean cost structure to increase gross margin to 23.3% and net income to $2.3 million. That momentum has carried into 2025 as we continue to scale the business, manage costs effectively and drive operating leverage. We are starting the year with a 35% increase in backlog, at $27 million as of December 31, 2024, compared to $20 million as of December 31, 2023, plus significant new defense customer orders announced in the first quarter to date. As a result, our 2025 outlook calls for a 10% year-over-year increase in both sales and net income to $44 million of revenues and $2.5 million of net income.

    “BOS’ growth strategy remains focused on deepening our penetration in the defense sector, where we have strong customer relationships at both the primary and subcontractor levels. We expect robust ordering patterns across the strategic defense industry to continue in 2025, and we are progressing our sales strategy to enter new overseas markets by leveraging our relationships with Israeli defense customers that operate globally. We also continue to seek accretive strategic opportunities where we can deploy our strong balance sheet to expand BOS’ capabilities and reach in the growing global defense market.”

    Board Updates
     On March 19, 2025, BOS announced the appointment of Osnat Gur, an independent director since 2021, as Board Chair and the appointment of Avi Dadon as a new independent director.

    Ms. Gur brings extensive management and leadership experience to BOS, having served as CEO of a global B2B marketing agency, an RFID technology company, and a dietary supplements manufacturer over the course of her career. She also serves as a board director in multiple Israeli companies.

    Mr. Dadon brings decades of experience in military leadership, defense procurement, supply chain management and logistics to BOS. He served as Head of Procurement for the Israeli Ministry of Defense from 2017 to 2023 and is a retired Colonel in the Israeli Defense Forces (IDF), with 28 years of military service.

    “We are excited to congratulate Osnat in her new role as Board Chair, and look forward to working with her to plan BOS’s next chapter of growth and earnings as we continue to execute our growth strategy,” said Cohen. “We also welcome Avi to the board and look forward to leveraging his decades of experience with the IDF and Ministry of Defense procurement to support BOS’s continued success.” 

    About BOS Better Online Solutions Ltd.
    BOS integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions:

    • Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.
    • RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.
    • Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing cutting-edge products.

    For additional information, contact:
    Matt Kreps, Managing Director
    Darrow Associates
    +1-214-597-8200
    mkreps@darrowir.com

    Eyal Cohen, CEO
    +972-542525925
    eyalc@boscom.com

    Use of Non-GAAP Financial Information
    BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

    Safe Harbor Regarding Forward-Looking Statements
    The forward-looking statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the US Securities and Exchange Commission, including risks related to Israel’s conflicts with Hamas and other parties in the region.
    BOS undertakes no obligation to publicly update or revise any forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

     
    CONSOLIDATED STATEMENTS OF OPERATIONS
    U.S. dollars in thousands
           
      Year ended
    December 31,    		   Three months ended
    December 31,
      2024
    		   2023     2024
    		   2023
      (Unaudited)
    		   (Audited)
    		     (Unaudited)
    		     (Audited)
    		  
           
    Revenues $ 39,949     $ 44,179     $ 10,388     $ 10,886  
    Cost of revenues 30,655     34,970     8,007     8,796  
    Gross profit 9,294     9,209     2,381     2,090  
    Operating costs and expenses:                      
    Research and development 175     158     50     44  
    Sales and marketing 4,394     4,891     1,118     1,278  
    General and administrative 2,113     1,762     656     420  
    Other income, net –     (52)     –     (52)  
    Impairment of intangible assets and Goodwill 1,173     –     1,173     –  
    Total operating costs and expenses 7,855     6,759     2,997     1,690  
                           
    Operating income (loss) 1,439     2,450     (616)     400  
    Financial income (expenses), net (139)     (441)     99     31  
    Income before taxes on income 1,300     2,009     (517)     431  
    Income taxes benefits (expenses) 1,000     (4)     1,002     (4)  
    Net income $ 2,300     $ 2,005     $ 485     $ 427  
                           
    Basic net income per share $ 0.40     $ 0.35     $ 0.08     $ 0.07  
    Diluted net income per share $ 0.39     $ 0.34     $ 0.08     $ 0.07  
    Weighted average number of shares used in computing basic net income per share 5,756     5,727     5,776     5,748  
    Weighted average number of shares used in computing diluted net income per share 5,887     5,905     5,975     5,856  
                         
    Number of outstanding shares as of December 31, 2024 and 2023 5,793     5,748     5,793     5,748  
    CONSOLIDATED BALANCE SHEETS
    (U.S. dollars in thousands)
           
      December 31, 2024
    		   December 31, 2023
      (Unaudited)
    		   (Audited)
    ASSETS      
               
    CURRENT ASSETS:      
    Cash and cash equivalents $ 3,368     $ 2,344  
    Restricted bank deposits 185     217  
    Trade receivables 11,787     12,424  
    Other accounts receivable and prepaid expenses 1,150     963  
    Inventories 7,870     6,070  
               
    Total current assets 24,360     22,018  
               
    LONG-TERM ASSETS 177     196  
               
    PROPERTY AND EQUIPMENT, NET 3,417     3,268  
               
    OPERATING LEASE RIGHT-OF-USE ASSETS, NET 779     1,026  
               
    DEFERRED TAX ASSETS 1,000     –  
               
    OTHER INTANGIBLE ASSETS, NET 422     1,078  
               
    GOODWILL 4,188     4,895  
               
    Total assets $ 34,343     $ 32,481  
    CONSOLIDATED BALANCE SHEETS
    (U.S. dollars in thousands)
           
      December 31,
    2024    		   December 31, 2023
      (Unaudited)   (Audited)
           
                    LIABILITIES AND SHAREHOLDERS’ EQUITY      
           
    CURRENT LIABILITIES:      
    Current maturities of long-term loans $ 439     $ 170  
    Operating lease liabilities, current   176       235  
    Trade payables   6,362       7,710  
    Employees and payroll accruals   1,087       980  
    Deferred revenues   2,003       600  
    Advances net of inventory in progress   –       137  
    Accrued expenses and other liabilities   598       1,072  
           
    Total current liabilities   10,665       10,904  
           
    LONG-TERM LIABILITIES:      
    Long-term loans, net of current maturities   980       1,150  
    Operating lease liabilities, non-current   576       759  
    Long-term deferred revenues   293       339  
    Accrued severance pay   498       490  
           
    Total long-term liabilities   2,347       2,738  
           
           
    TOTAL SHAREHOLDERS’ EQUITY   21,331       18,839  
           
           
    Total liabilities and shareholders’ equity $ 34,343     $ 32,481  
    CONDENSED CONSOLIDATED EBITDA
    (U.S. dollars in thousands)
           
      Year ended
    December 31,    		   Three months ended
    December 31,
      2024
    		   2023
    		   2024   2023
                   
    Operating income (loss) $ 1,439     $ 2,450     $ (616 )   $ 400  
    Add:              
    Impairment of Goodwill and other intangible assets   1,173       –       1,173       –  
    Amortization of intangible assets   190       168       47       48  
    Stock-based compensation   74       98       11       24  
    Depreciation   370       342       100       90  
    EBITDA $ 3,246     $ 3,058     $ 715     $ 562  
    SEGMENT INFORMATION
    (U.S. dollars in thousands)
                       
      RFID   Supply
    Chain Solutions    		   Intelligent 
    Robotics    		   Intercompany   Consolidated
      Year ended December 31,
      2024
                       
    Revenues $ 12,877   $ 25,829     1,410   (167)   $ 39,949
    Cost of revenues   9,344     19,763     1,079   (167)     30,019
    Allowance for slow inventory   –     636     –   –     636
    Gross profit   3,533     5,430     331         9,294
                       
    Allocated operating expenses   2,273     3,338     274         5,885
                       
    Impairment of goodwill and intangible assets   984     189     –         1,173
                       
    Unallocated operating expenses*       –     –         797
                       
    Operating income $ 276   $ 1,903   $ 57         1,439
                       
    Financial expenses and income tax benefits                   861
                       
    Net income                 $ 2,300
      RFID   Supply Chain
    Solutions    		   Intelligent
    Robotics
    		   Intercompany
    		   Consolidated
      Year ended December 31,
      2023
                       
    Revenues $ 13,713   $ 28,845     1,742   (121)   $ 44,179
    Cost of revenues 10,534   22,830     1,557   (121)   34,800
    Allowance for slow inventory –   170   –   –   170
    Gross profit 3,179   5,845     185       9,209
                       
    Allocated operating expenses 2,150   3,675     258       6,083
                       
    Unallocated operating expenses*     –   –       676
                       
    Operating income (loss) $ 1,029   $ 2,170   $ (73)       2,450
                       
    Financial expenses and tax on income                 (445)
                       
    Net income                 $ 2,005
                       

    *Unallocated operating expenses include costs not specific to a particular segment but are general to the group, such as expenses incurred for insurance of directors and officers, public company fees, legal fees, and other similar corporate costs.

    SEGMENT INFORMATION
    (U.S. dollars in thousands)
                       
      RFID   Supply
    Chain Solutions    		   Intelligent Robotics   Intercompany   Consolidated
        Three months ended December 31,
    2024
                       
    Revenues $          3,445   $         6,806   $         171   (34)   $         10,388
    Cost of revenues 2,294   5,170   127   (34)   7,557
    Allowance for slow inventory –   450   –   –   450
    Gross profit 1,151   1,186   44   –   2,381
                       
    Allocated operating expenses 605   883   84   –   1,572
                       
    Impairment of goodwill and intangible assets 984   189   –       1,173
                       
    Unallocated operating expenses*                 252
                       
    Operating income (loss) $         (438)   $         114   $         (40)       (616)
                       
    Financial income and income tax benefits                 1,101
                       
    Net income                 $         485
      RFID   Supply
    Chain Solutions    		   Intelligent Robotics   Intercompany   Consolidated
        Three months ended December 31,
    2023
                       
    Revenues $          3,622   $         7,017   $         279   (32)   $         10,886
    Cost of revenues 2,897   5,797   171   (32)   8,833
    Allowance for slow inventory –   (37)   –   –   (37)
    Gross profit 725   1,257   108   –   2,090
                       
    Allocated operating expenses 513   974   72   –   1,559
                       
    Unallocated operating expenses*                 131
                       
    Operating income $         212   $         283   $         36       400
                       
    Financial income and tax on income                 27
                       
    Net income                 $         427
                       

    *Unallocated operating expenses include costs not specific to a particular segment but are general to the group, such as expenses incurred for insurance of directors and officers, public company fees, legal fees, and other similar corporate costs.

    The MIL Network –

  • MIL-OSI: New Stratus Energy Announces Pricing and Upsizing of Previously Announced Concurrent Offerings

    Source: GlobeNewswire (MIL-OSI)

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

    CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) — New Stratus Energy Inc. (TSX.V – NSE) (“New Stratus”, “NSE” or the “Corporation”) is pleased to announce that it has priced and increased the size of its previously announced brokered private placement offering of (i) subscription receipts (the “Subscription Receipts” and the “Subscription Receipt Offering”) and (ii) common shares (the “Common Shares” and the “Common Share Offering”, and together with the Subscription Receipt Offering, the “Concurrent Offerings”).

    The Concurrent Offerings are being co-led by Ventum Financial Corp. (“Ventum”) and Cormark Securities Inc. (“Cormark” and together with Ventum, the “Lead Agents”) on their own behalf, and in respect of the Subscription Receipt Offering, on behalf of a syndicate of agents (the “Agents”).

    Pursuant to the Concurrent Offerings, New Stratus intends to issue (i) 572,000,000 Subscription Receipts at a price of C$0.30 per Subscription Receipt (the “Offering Price”) for gross proceeds of up to approximately US$120.0 million (C$171.6 million); and (ii) 33,385,400 Common Shares at the Offering Price per Common Share for gross proceeds of up to approximately US$7.0 million (C$10.0 million). As a result of the upsized Concurrent Offerings, New Stratus does not expect to require any additional subordinate or convertible debt financing.

    The Concurrent Offerings are expected to close on or about April 10, 2025, subject to TSXV approval and other customary closing conditions.

    In all other respects, the terms of the Concurrent Offerings and use of proceeds therefrom will remain as previously announced.

    Contact Information

    Jose Francisco Arata
    Chairman & Chief Executive Officer
    jfarata@newstratus.energy

    Wade Felesky
    President & Director
    wfelesky@newstratus.energy

    Mario Miranda
    Chief Financial Officer
    mmiranda@newstratus.energy – (647) 498-9109

    Note on Currency and Exchange Rates

    In this news release, references to “C$” or “$” are to Canadian dollars and references to “US$” are to United States dollars. In this news release, the Corporation has used a currency exchange rate of US$1.00 = C$1.43.

    Forward-Looking Information

    Certain information set forth in this news release constitutes “forward-looking statements”, and “forward-looking information” under applicable securities legislation (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of conditional or future tenses or by the use of words such as “will”, “expects”, “intends”, “may”, “should”, “estimates”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions, including variations thereof and negative forms. Forward-looking statements in this news release include, among others, the pricing, terms, timing and completion of the Concurrent Offerings, and the amount thereof. Forward-looking statements are based on the Corporation’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them.

    In respect of the forward-looking statements contained herein, the Corporation has provided them in reliance on certain key expectations and assumptions made by management, including expectations and assumptions concerning the receipt of all approvals and satisfaction of all conditions to the completion of Concurrent Offerings, the availability of debt and equity financing on terms acceptable to the Corporation, prevailing weather conditions, prevailing legislation affecting the oil and gas industry, commodity prices and exchange rates.

    Although NSE believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because NSE can give no assurance that they will prove to be correct. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks); risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; the impact of general economic conditions in Canada and Ecuador; prolonged volatility in commodity prices; the risk that the new U.S. administration imposes tariffs affecting the oil and gas industry in Ecuador or globally, and that such tariffs (and/or retaliatory tariffs in response thereto) adversely affect the demand for the Corporation’s production, or otherwise adversely affects the Corporation’s business or operations; the risk that Oriente Blend oil prices are lower than anticipated; determinations by OPEC and other countries as to production levels; the risk of changes in government policy on resource development; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; the timing for conducting planned operations and the results of such operations, including flow rates and resulting production; the availability of the requisite personnel and equipment to conduct operations; the ability to successfully integrate operations and realize the anticipated benefits of acquisitions; the ability to increase production, and the anticipated cost associated therewith; failure of counterparties to perform under contracts; changes in currency exchange rates; interest rate fluctuations; the ability to secure adequate equity and debt financing; and management’s ability to anticipate and manage the foregoing factors and risks.

    There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. New Stratus undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits may be derived therefrom.

    General Advisory

    This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the securities may not be offered or sold within the United States except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI United Kingdom: Our early human ancestors were surprisingly slow

    Source: Anglia Ruskin University

    Computer simulated anatomy, used in the study, of the lower limb of Australopithecus afarensis. Bates et al.

    By Tom O’Mahoney, Anglia Ruskin University

    Imagine the scene, around 3 million years ago in what is now east Africa. By the side of a river, an injured antelope keels over and draws its last breath. The carcass is soon set on by hyenas, who tussle with a crocodile. The crocodile surfaces and grabs part of the animal.

    The hyenas win and the crocodile retreats with only a leg. After having their fill, the hyenas slope off. Some funny-looking apes approach, walking upright. They have what appear to be stones with sharp edges in their hands. They hurriedly cut off some scraps of meat and start chewing at them.

    Their squabbling attracts the attention of a nearby Homotherium (an extinct, scimitar-toothed big cat) who creeps up and suddenly breaks cover. Will these strange apes survive the encounter? Can they run fast enough, and far enough?

    Our team’s research modelled the anatomy of these early humans, Australopithecus afarensis, to find out how well they could run. Australopithecus afarensis is one of the best-known early human ancestors dating from 2.9-3.9 million years ago.

    The partially complete Australopithecus afarensis skeleton Lucy, or Dinkʼinesh (Amharic: ድንቅ ነሽ, lit.“you are marvellous”) is globally iconic as a representation of early bipedalism (the ability to walk on two legs). Found in the Afar Depression in north east Ethiopia, this discovery received worldwide attention when it was made in 1974. It was evidence that brain expansion evolved after human ancestors started walking on two legs, as scientists had long believed.

    Reconstruction of the fossil skeleton of Lucy the Australopithecus afarensis. Wikimedia/Author 120, CC BY-SA

    Some researchers have also linked Australopithecine anatomy to an, as yet unknown, knuckle-walking common ancestor of humans, gorillas and chimpanzees. This hypothesis has since been refuted.

    Scientists now believe that knuckle-walking probably evolved several times in apes, as the style of walking and internal architecture of ape hands and elbows are subtly different from each other. Researchers also think that the anatomy we see in hominins reflects an adaptation for upright movement in trees in a distant ancestor.

    Early bipeds, such as Ardipithecus kadabba which looked a bit like a gorilla, lived in Africa between 5.8 and 5.2 million years ago. They lived in mosaic habitats (a mixture of open and wooded landscapes) so some adaptation to moving in trees would make sense.

    Until recently, scientists thought that only animals of the genus Homo, which emerged around 2 million years ago, made stone tools. The discovery of cut-marked bones in Dikika, Ethiopia (in 2009) dated at 3.4 million years, and in 2011 of stone tools at Lomekwi, Kenya from 3.3 million years ago, changed scientists’ ideas of how much access Australopithecus had to meat.

    The debate is now more a matter of whether Australopithecus regularly killed animals themselves, or if they were eating from carcasses after other predators (secondary access).

    For primary access and regular kills, they needed to be able to do two things. Run fast (bursts of speed to outpace an unaware animal), and run for long amounts of time (to wear down a prey animal).

    This is the endurance running hypothesis. The emergence of this behaviour is thought to coincide with more modern anatomy, such as seen in Homo erectus, who lived from around 2 million years ago to around 1 million years ago. The best way to test if Australopithecus was capable of endurance running at what we consider “modern” speeds is to reconstruct the skeleton of Australopithecus afarensis and simulate how they may have moved.

    To try and answer this question, my team reconstructed the complete skeleton of Lucy, using 3D modelling. Where parts were missing, we estimated these using scaled versions of other Australopithecus skeletons. Since Lucy is closely related to chimpanzees as well, we also morphed Australopith and modern human and chimpanzee skeletal material, using an analytical technique called geometric morphometrics.

    We then started putting muscles onto the bones of the pelvis and lower limbs of Australopithecus and a modern human model, using the open source software Gaitsym. Muscles and other soft tissues are not preserved in fossils so we varied the muscle properties from chimpanzee-like to human-like, producing a range of estimates for running speed and economy.

    We also ran multiple simulations where we added and removed a long Achilles tendon, which chimpanzees don’t have, as it is thought to affect running speed and energy use by enhancing recovery.

    This was a team effort, with reconstructions across multiple labs. The simulations were run on the high performance computing facilities at the University of Liverpool.

    These simulations revealed that Lucy wasn’t as good at running as modern humans. The top speed our simulations could produce was 11mph, with a minimum of about 3.35mph. Elite sprinters, however, can reach peak speeds of more than 20mph. Even non-elite sprinters can reach around 17.6mph.

    We also found that the metabolic cost of transport (how much energy it takes to move) was between 1.7 and 2.9 times higher in Lucy than in a modern human. The more “ape like” you make the muscle architecture and the shorter you make the Achilles tendon, the higher this cost is.

    It appears that modern human limb proportions, combined with key changes in architecture of the calf muscle (such as relatively short fibres and large cross sectional areas), plus a long Achilles tendon, enabled much faster running in the genus Homo.

    This means that it was probably not physiologically possible for Australopithecus afarensis to engage in persistence hunting, unlike later species of the genus Homo species.

    Going back to our story at the start, it is likely the Australopithecines in this group wouldn’t have escaped the big cat. They simply couldn’t run fast enough, or for long enough.

    Tom O’Mahoney, Senior Lecturer in Biomedical Sciences, Anglia Ruskin University

    This article is republished from The Conversation under a Creative Commons license. Read the original article.

    The opinions expressed in VIEWPOINT articles are those of the author(s) and do not necessarily reflect the views of ARU.

    If you wish to republish this article, please follow these guidelines: https://theconversation.com/uk/republishing-guidelines

    MIL OSI United Kingdom –

  • MIL-OSI: Ingersoll Rand Recommends Rejection of TRC Capital’s “Mini-Tender” Offer

    Source: GlobeNewswire (MIL-OSI)

    DAVIDSON, N.C., March 31, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,500,00 shares of Ingersoll Rand’s common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company’s common stock on The New York Stock Exchange on March 21, 2025 ($80.96), the last trading day before the date of the offer. The offer price is also approximately 2.43% below the closing price of Ingersoll Rand’s common stock on March 28, 2025 ($79.43), the business day prior to this release.

    Ingersoll Rand does not endorse TRC Capital’s offer and is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation.

    Ingersoll Rand recommends that its stockholders reject the offer and not tender their shares in response to TRC Capital’s unsolicited mini-tender offer. This mini-tender offer is at a price below the closing price for the company’s shares (as of the business day prior to this release) and is subject to numerous conditions.

    TRC Capital has made similar unsolicited mini-tender offers for shares of other publicly traded companies. Mini-tender offers seek to acquire less than 5% of a company’s outstanding shares. This strategy enables the offering company to avoid many of the disclosure and procedural requirements that the U.S. Securities and Exchange Commission (SEC) requires for tender offers. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. federal securities laws.

    The SEC’s website contains important tips for investors regarding mini-tender offers, available at: https://www.sec.gov/about/reports-publications/investorpubsminitend. The SEC’s website advises that mini tender-offers are frequently used to catch investors “off guard” and that investors may end up selling securities at below-market prices.

    Similar to TRC Capital’s mini-tender offers targeted at other companies, these offers put individual investors at risk because they may not realize they are selling their shares at a discount. The offer is also subject to certain conditions. Ingersoll Rand urges stockholders to obtain current stock quotes for their shares of company common stock, to review the terms and conditions of the offer, to consult with their brokers or financial advisers, and to exercise caution with respect to TRC Capital’s mini-tender offer.

    Ingersoll Rand stockholders who have already tendered their shares are advised they may withdraw their shares by following the procedures for withdrawal described in the TRC Capital offer documents prior to the expiration of the offer, which is currently scheduled for one minute after 11:59 p.m., New York City Time, on April 23, 2025.

    Additionally, Ingersoll Rand encourages brokers, dealers, and other investors to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosure, available at: https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

    Ingersoll Rand requests that a copy of this news release be included with all distribution of materials related to TRC Capital’s offer for shares of Ingersoll Rand’s common stock.

    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 expectations of Ingersoll Rand Inc. (the “Company” or “Ingersoll Rand”) 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 geopolitical tensions, natural disaster, catastrophe, global pandemics, 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 developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    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 sciences 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.

    The MIL Network –

  • MIL-OSI: LPL Financial Announces Proposed $1.5 Billion Common Stock Offering

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced that it has commenced an underwritten public offering of $1.5 billion of its common stock.

    Morgan Stanley & Co. LLC is acting as sole active book-running manager. LPL also intends to grant the underwriters a 30-day option to purchase up to an additional $225.0 million of its common stock.

    LPL intends to use the net proceeds of this offering to fund a portion of the cash consideration payable in connection with its previously announced proposed acquisition of Commonwealth Financial Network (the “Transaction”) and, to the extent that any proceeds remain thereafter, or if the Transaction is not completed, for general corporate purposes. In addition to the net proceeds from this offering, LPL expects to use available cash and other borrowings to fund the purchase price for the Transaction.

    The securities described above are being offered by LPL pursuant to a shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”), which became effective on March 25, 2025. The offering will be made only by means of a written prospectus and prospectus supplement. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may also be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or email: prospectus@morganstanley.com.

    This press release is neither an offer to sell nor a solicitation of an offer to buy any of the common stock or any other security of LPL, nor shall there be any sale of the common stock in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    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.

    Securities and advisory services offered through LPL Financial LLC, a registered investment advisor and broker-dealer, member FINRA/SIPC.

    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 LLC.

    Forward-Looking Statements
    Certain of the statements included in this release, such as those regarding the timing, size and completion of the offering and the anticipated use of proceeds therefrom, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Applicable risks and uncertainties include those related to market conditions and satisfaction of customary closing conditions related to the proposed public offering. There can be no assurance that we will be able to complete the public offering on the anticipated terms, or at all. Certain additional important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements can be found in the “Risk Factors” section included in LPL Financial’s most recent Annual Report on Form 10-K. Except as required by law, LPL Financial does not undertake to update any particular forward-looking statement included in this document as a result of developments occurring after the date of this press release, except as may be required by applicable law.

    Contacts

    LPL Media Relations
    media.relations@lplfinancial.com

    LPL Investor Relations
    investor.relations@lplfinancial.com

    The MIL Network –

  • MIL-OSI: LM Funding America, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    – Fourth quarter and full-year 2024 total revenue of $2.0 million and $11.0 million, respectively.
    – Fourth quarter and full-year 2024 CORE EBITDA of $3.3 million and $3.9 million, respectively.
    – Held 165.8 Bitcoin on February 28, 2025 valued at approximately $14.4 million, as of March 26, 2025

    TAMPA, Fla., March 31, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today reported financial results for the three months and full year ended December 31, 2024.

    Q4’24 Financial Highlights
    All variances are compared with prior year unless stated otherwise:

    • Mined 21.7 Bitcoin at an average price of approximately $83,000, generating total revenue of approximately $2.0 million. The year-over-year decrease in revenue primarily reflects the effects of the April 2024 Bitcoin Halving event and the transition of miners from storage into the new Oklahoma mining site.
    • Net income attributable to LM Funding shareholders was approximately $2.0 million compared with a net loss of approximately $1.6 million. The improvement in the net income was primarily driven by the new ASU Bitcoin standards that require mark-to-market valuation adjustment for our Bitcoin holdings.
    • Core EBITDA was approximately $3.3 million compared with $0.3 million1. The improvements in Core EBITDA were primarily due to gains on the fair value of Bitcoin in addition to lower digital mining costs and reduced compensation.
    • At year end, cash was approximately $3.4 million. Digital assets were $14.0 million based on 150.2 Bitcoin held at a price of approximately $93,000 as of December 31, 2024.
    • Net book value of equity was approximately $35.3 million as of December 31, 2024 or $7.21 per share2.
    • As of February 28, 2025, held 165.8 Bitcoin valued at approximately $14.4 million as of March 26, 2025 (based on Bitcoin price of approximately $87,000) or Bitcoin per share of $2.813.

    ________________________
    1 Core EBITDA is a non-GAAP financial measure, and a reconciliation of Core EBITDA to net income can be found below.
    2,3 Based on shares outstanding of 5,133,412 as of December 31, 2024.


    Q4’24 Operational Highlights

    • 15 MW site acquisition: The Company further executed its transition from an infrastructure-light strategy, mining at hosted facilities, to a fully vertically integrated strategy with low-cost electricity underpinning its operations. In addition to the low-cost energy, the strategy allows controlled uptime, which LM Funding believes will lead to more efficient mining and higher margins.
    • Mining fleet upgrade: In Q1 2025, the Company partnered with Luxor Technology Corporation to install their proprietary LuxOS firmware on its existing fleet, which could potentially boost the Company’s mining efficiency by 10-15%. This upgrade allows LM Funding to mine Bitcoin at a higher profitability without any additional capex investment.

    CEO Commentary

    Bruce Rodgers, Chairman and CEO of LM Funding, commented, “Using the halving as our pivot point of opportunity, we transitioned from an infrastructure-light hosted mining strategy  to a vertically integrated model—one where we manage the infrastructure ourselves, ensuring better margins and mitigating risks associated with third-party hosting arrangements.  With our Oklahoma facility, we secured low-cost power for our miners and now we own and totally control our mining infrastructure and costs. This vertical integration significantly reduces our fleet-wide energy costs and improves our operations for enhanced uptime and mining efficiency. Looking forward, our strong balance sheet and lean operations position us to grow our mining revenue by seeking to acquire new mining sites with similar size, prices, and terms.”

    CFO Commentary

    Richard Russell, CFO of LM Funding, stated, “Throughout our expansion last year, we remained disciplined in our spending. By actively maintaining a low-cost structure – from power sourcing and infrastructure investments to staffing and equipment – we were able to successfully navigate a challenging year for the industry and our first Bitcoin Halving event, which occurred in April 2024. This strategic cost control enabled us to achieve profitability in 2024 on a Core EBITDA basis, as well as grow our Bitcoin treasury, which is a significant piece of our long-term strategy. By retaining a portion of our Bitcoin mined, we not only capture potential upside for shareholders but also deepen our alignment with the broader Bitcoin industry.”

    Full Year 2024 Financial Highlights
    All variances are compared with prior year unless stated otherwise:

    • Mined 170.6 Bitcoin at an average price of approximately $61,000, generating total revenue of approximately $11.0 million. The year-over-year decrease in revenue primarily reflects the effects of the April 2024 Bitcoin halving event.
    • Net loss attributable to LM Funding shareholders for the year ended December 31, 2024, was approximately $7.3 million compared with a net loss of approximately $15.9 million in 2023.
    • Core EBITDA income for the twelve months ended December 31, 2024 was approximately $3.9 million, compared with a Core EBITDA loss of $0.2 million in 2023. The improvements in Core EBITDA were primarily due to gains on the fair value of Bitcoin in addition to lower digital mining costs and reduced compensation.

    Investor Conference Call

    LM Funding will host a conference call today, March 31, 2025, at 8:00 A.M. Eastern Time to discuss the Company’s financial results for the quarter and full year ended December 31, 2024, as well as the Company’s corporate progress and other developments. A copy of this earnings release and investor presentation are available on the Company’s Investor Relations website at https://www.lmfunding.com/investors.  

    Conference Call Details

    • Date: March 31, 2025 
    • Time: 8:00 AM EST 
    • Participant Call Links: 
      • Live Webcast: Link 
      • Participant Call Registration: Link 

    About LM Funding America

    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    For investor and media inquiries, please contact:

    Investor Relations
    Orange Group
    Yujia Zhai
    lmfundingIR@orangegroupadvisors.com

     

             
    LM Funding America, Inc. and Subsidiaries Consolidated Balance Sheets (unaudited)
             
        December 31,   December 31,
          2024       2023  
             
    Assets        
    Cash   $ 3,378,152     $ 2,401,831  
    Digital assets – current (Note 4)     9,021,927       3,416,256  
    Finance receivables     21,051       19,221  
    Marketable securities (Note 7)     27,050       17,860  
    Receivable from sale of Symbiont assets (Note 7)     200,000       200,000  
    Prepaid expenses and other assets     827,237       4,067,212  
    Income tax receivable     31,187       31,187  
    Current assets     13,506,604       10,153,567  
             
    Fixed assets, net (Note 5)     18,376,948       24,519,610  
    Intangible assets, net (Note 5)     5,478,958       –  
    Deposits on mining equipment (Note 6)     467,172       20,837  
    Notes receivable from Seastar Medical Holding Corporation (Note 7)     –       1,440,498  
    Long-term investments – equity securities (Note 7)     4,255       156,992  
    Investment in Seastar Medical Holding Corporation (Note 7)     200,790       1,145,486  
    Digital assets – long-term (Note 4)     5,000,000       –  
    Operating lease – right of use assets (Note 9)     938,641       189,009  
    Other assets     73,857       86,798  
    Long-term assets     30,540,621       27,559,230  
    Total assets   $ 44,047,225     $ 37,712,797  
             
    Liabilities and stockholders’ equity        
    Accounts payable and accrued expenses     989,563       2,064,909  
    Note payable – short-term (Note 8)     386,312       567,586  
    Due to related parties (Note 11)     15,944       22,845  
    Current portion of lease liability (Note 9)     170,967       110,384  
    Total current liabilities     1,562,786       2,765,724  
             
    Note payable – long-term (Note 8)     6,365,345       –  
    Lease liability – net of current portion (Note 9)     776,535       85,775  
    Long-term liabilities     7,141,880       85,775  
    Total liabilities     8,704,666       2,851,499  
             
    Stockholders’ equity (Note 12)        
    Preferred stock, par value $.001; 150,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and December 31, 2023     –       –  
    Common stock, par value $.001; 350,000,000 shares authorized; 5,133,412 shares issued and outstanding as of December 31, 2024 and 2,492,964 as of December 31, 2023     4,602       2,493  
    Additional paid-in capital     102,685,470       95,145,376  
    Accumulated deficit     (65,662,731 )     (58,961,461 )
    Total LM Funding America stockholders’ equity     37,027,341       36,186,408  
    Non-controlling interest     (1,684,782 )     (1,325,110 )
    Total stockholders’ equity     35,342,559       34,861,298  
    Total liabilities and stockholders’ equity   $ 44,047,225     $ 37,712,797  
             

      

    LM Funding America, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited)
                     
        Three Months Ended December 31,   Years Ended December 31,
          2024       2023       2024       2023  
    Revenues:                
    Digital mining revenues   $ 1,814,169     $ 3,946,485     $ 10,432,605     $ 12,289,131  
    Specialty finance revenue     140,377       75,901       443,599       550,445  
    Rental revenue     30,678       33,028       123,444       144,514  
    Total revenues     1,985,224       4,055,414       10,999,648       12,984,090  
    Operating costs and expenses:                
    Digital mining cost of revenues (exclusive of depreciation and amortization shown below)     1,248,083       2,668,770       6,990,856       9,406,940  
    Staff costs and payroll     907,883       1,121,796       4,556,781       5,858,736  
    Depreciation and amortization     658,757       1,495,614       7,774,161       4,983,480  
    Gain on fair value of Bitcoin, net     (4,254,031 )     (383,497 )     (7,350,805 )     –  
    Impairment loss on mining equipment     191,317       261,191       1,379,375       –  
    Impairment loss on mined digital assets     –       280,278       –       965,967  
    Realized gain on sale of mined digital assets     –       (999,717 )     –       (2,070,508 )
    Professional fees     434,251       634,535       2,057,165       1,863,038  
    Selling, general and administrative     234,366       168,632       817,041       851,806  
    Real estate management and disposal     70,483       19,105       159,913       146,716  
    Collection costs     4,647       12,342       41,043       29,875  
    Settlement costs with associations     –       –       –       10,000  
    Loss on disposal of assets     81,594       9,389       136,100       9,389  
    Other operating costs     232,168       542,105       899,569       999,959  
    Total operating costs and expenses     (190,482 )     5,830,543       17,461,199       23,055,398  
    Operating income (loss)     2,175,706       (1,775,129 )     (6,461,551 )     (10,071,308 )
    Unrealized gain on marketable securities     8,206       7,134       9,190       13,570  
    Impairment loss on prepaid machine deposits     –       –       (12,941 )     (36,691 )
    Impairment loss on prepaid hosting deposits     –       (184,236 )     –       (184,236 )
    Unrealized loss on investment and equity securities     (244,809 )     546,563       (1,097,433 )     (9,771,050 )
    Impairment loss on Symbiont assets     –       –       –       (750,678 )
    Gain on fair value of purchased Bitcoin, net     (18,729 )     –       39,197       –  
    Credit loss on Seastar note receivable     –       22,344       –       –  
    Realized gain on securities     –       2,632       –       4,420  
    Realized gain on sale of purchased digital assets     –       –       –       1,917  
    Gain on adjustment of note receivable allowance     –       –       –       1,052,542  
    Other income – coupon sales     –       –       4,490       639,472  
    Other income – financing revenue     –       –       –       37,660  
    Interest expense     (211,946 )     –       (443,700 )     –  
    Interest income     182,620       38,705       307,316       249,586  
    Income (loss) before income taxes     1,891,048       (1,341,987 )     (7,655,432 )     (18,814,796 )
    Income tax expense     –       (60,571 )     –       (60,571 )
    Net income (loss)   $ 1,891,048     $ (1,402,558 )   $ (7,655,432 )   $ (18,875,367 )
    Less: loss attributable to non-controlling interest     74,760       (189,208 )     340,056       2,931,113  
    Net income (loss) attributable to LM Funding America Inc.   $ 1,965,808     $ (1,591,766 )   $ (7,315,376 )   $ (15,944,254 )
    Less: deemed dividends (Note 12)     (5,090,619 )     –       (6,794,924 )     –  
    Net loss attributable to common shareholders   $ (3,124,811 )   $ (1,591,766 )   $ (14,110,300 )   $ (15,944,254 )
                     
    Basic loss per common share (Note 1)   $ (0.86 )   $ (0.67 )   $ (5.02 )   $ (6.98 )
    Diluted loss per common share (Note 1)   $ (0.86 )   $ (0.67 )   $ (5.02 )   $ (6.98 )
                     
    Weighted average number of common shares outstanding                
    Basic     3,650,624       2,362,964       2,808,064       2,283,836  
    Diluted     3,650,624       2,362,964       2,808,064       2,283,836  
                     

      

    LM Funding America, Inc. and Subsidiaries Consolidated Statements of Cash Flows (unaudited)
     
        Years Ended December 31,
          2024       2023  
    CASH FLOWS FROM OPERATING ACTIVITIES:        
    Net loss   $ (7,655,432 )   $ (18,875,367 )
    Adjustments to reconcile net loss to net cash used in operating activities        
    Depreciation and amortization     7,774,161       4,983,480  
    Noncash lease expense     109,842       98,536  
    Amortization of debt issue costs     35,435       –  
    Stock compensation     76,322       1,095,705  
    Stock option expense     443,220       1,843,731  
    Professional fees paid in common shares     100,001       –  
    Accrued investment income     (197,104 )     (159,692 )
    Digital assets other income     (4,490 )     –  
    Gain on fair value of Bitcoin, net     (7,390,002 )     –  
    Impairment loss on mining machines     1,379,375       –  
    Impairment loss on digital assets     –       965,967  
    Impairment loss on mining machine deposits     12,941       36,691  
    Impairment loss on hosting deposits     –       184,236  
    Impairment loss on Symbiont assets     –       750,678  
    Unrealized gain on marketable securities     (9,190 )     (13,570 )
    Realized gain on securities     –       (4,420 )
    Unrealized loss on investment and equity securities     1,097,433       9,771,050  
    Loss on disposal of fixed assets     136,100       9,389  
    Allowance for loss on debt security     –       –  
    Proceeds from securities     –       744,036  
    Realized gain on sale of digital assets     –       (2,072,425 )
    Reversal of allowance loss on debt security     –       (1,052,542 )
    Investments in marketable securities     –       (739,616 )
    Change in operating assets and liabilities:        
    Prepaid expenses and other assets     3,781,133       189,407  
    Hosting deposits     (12,941 )     (36,691 )
    Repayments to related party     (6,901 )     (52,643 )
    Accounts payable and accrued expenses     (1,075,346 )     177,478  
    Mining of digital assets     (10,432,605 )     (12,289,131 )
    Proceeds from sale of digital assets     —       10,874,701  
    Lease liability payments     (108,131 )     (95,948 )
    Income tax receivable     —       262,279  
    Net cash used in operating activities     (11,946,179 )     (3,404,681 )
    CASH FLOWS FROM INVESTING ACTIVITIES:        
    Net collections of finance receivables – original product     1,059       (6,428 )
    Net collections of finance receivables – special product     (2,889 )     14,009  
    Capital expenditures     (1,732,472 )     (1,625,284 )
    Proceeds from sale of fixed assets     78,806       –  
    Acquisition of Tech Infrastructure JV I LLC assets     (3,642,870 )     –  
    Investment in note receivable     (3,587,195 )     (125,000 )
    Collection of note receivable     –       2,651,943  
    Collection of note receivable – related party     1,449,066       –  
    Investment in digital assets     (485,500 )     (35,157 )
    Proceeds from sale of digital assets     8,309,104       27,815  
    Proceeds from the sale of tether     11,928       –  
    Symbiont asset acquisition     –       1,800,000  
    Financing activities for Symbiont asset acquisition     –       (402,361 )
    Distribution to members     (19,616 )     –  
    Net cash provided by investing activities     379,421       2,299,537  
    CASH FLOWS FROM FINANCING ACTIVITIES:        
    Proceeds from borrowings     6,329,910       –  
    Insurance financing repayments     (709,491 )     (624,481 )
    Exercise of warrants     4,748,971      
    Exercise of options     25,000       –  
    Proceeds from equity offering     2,148,689       –  
    Issue costs for the issuance of common stock     —       (106,550 )
    Net cash provided by (used in) financing activities     12,543,079       (731,031 )
    NET INCREASE (DECREASE) IN CASH   $ 976,321     $ (1,836,175 )
    CASH – BEGINNING OF PERIOD     2,401,831       4,238,006  
    CASH – END OF PERIOD   $ 3,378,152     $ 2,401,831  
             

     

    NON-GAAP CORE EBITDA RECONCILIATION

    Our reported results are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We also disclose Earnings before Interest, Tax, Depreciation and Amortization (“EBITDA”) and Core Earnings before Interest, Tax, Depreciation and Amortization (“Core EBITDA”) which adjusts for unrealized loss on investment and equity securities, impairment loss on mined digital assets, impairment of long-lived assets, impairment of prepaid hosting deposits, contract termination costs and stock compensation expense and option expense, all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of Bitcoin miners.

    The following tables reconcile net loss, which we believe is the most comparable GAAP measure, to EBITDA and Core EBITDA:

                     
        Three Months Ended December 31,   Years Ended December 31,
          2024       2023       2024       2023  
                     
    Net loss   $ 1,891,048     $ (1,402,558 )   $ (7,655,432 )   $ (18,875,367 )
    Income tax expense     –       60,571       –       60,571  
    Interest expense     211,946       –       443,700       –  
    Depreciation and amortization     658,757       1,495,614       7,774,161       4,983,480  
    Income (loss) before interest, taxes & depreciation   $ 2,761,751     $ 153,627     $ 562,429     $ (13,831,316 )
    Unrealized loss on investment and equity securities     244,809       (546,563 )     1,097,433       9,771,050  
    Gain on adjustment of note receivable allowance     –       –       –       (1,052,542 )
    Impairment loss on mined digital assets     –       143,317       –       965,967  
    Impairment loss on prepaid machine deposits     12,941       –       12,941       36,691  
    Impairment loss on prepaid hosting deposits     –       184,236       –       184,236  
    Costs associated with At-the-Market Equity program     –       –       119,050       –  
    Contract termination costs     –       –       250,001       –  
    Impairment loss on Symbiont assets     –       –       –       750,678  
    Impairment loss on mining equipment     191,317       –       1,379,375       –  
    Stock compensation and option expense     110,805       410,584       519,542       2,939,436  
    Core income (loss) before interest, taxes & depreciation   $ 3,321,623     $ 345,201     $ 3,940,771     $ (235,800 )
                     

    The MIL Network –

  • MIL-OSI: Pando Recognized as a Visionary in 2025 Gartner Magic Quadrant for Transportation Management Systems

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 31, 2025 (GLOBE NEWSWIRE) — Pando, the leading supply chain AI company, has been recognized by Gartner as a Visionary in the 2025 Magic Quadrant for Transportation Management Systems. 

    Pando’s AI Agents replace staff and software at Fortune 500 manufacturers, distributors, and retailers worldwide, automating work done by logistics teams to deliver products globally. Powered by its proprietary Logistics Language Model®, Pando’s suite of AI Agents have been deployed globally to free teams from the manual drudgery of managing bids, shipments, and invoices and empowering them to focus on strategic work. Pando is empowering enterprises to tackle the challenges in the $10 trillion global freight economy and take strategic control with AI agents, eliminating outsourcing costs, optimizing the technology landscape, and redefining talent strategy.

    “Global logistics teams are under pressure, navigating the complexities of tariffs and geopolitical tensions, and their impact on logistics operations,” said Nitin Jayakrishnan, CEO and co-founder of Pando. “Logistics teams are spending more than 80% of their time on manual tasks outside of systems, making hundreds of micro-decisions daily, while coordinating with carriers, suppliers, and customers to execute operations efficiently. Pando’s vision is to free logistics teams from constant routine tasks by leveraging AI agents as extended team members. These agents automate workflows, enabling teams to shift operational burdens to become strategic partners who drive business growth. We believe Pando’s recognition as a Visionary is a testament to our vision of unifying talent and AI strategy, where AI agents seamlessly drive collaboration, decision-making, and execution autonomously.”

    Gartner defines Visionaries as companies that “seek to deliver a unique or differentiated approach to the market. They may be considered thought leaders and tend to be on the leading edge of emerging concepts and technologies.”

    Pando’s innovative approach to transportation management includes:

    • AI-first Offering: Pando sets itself apart by investing in R&D, with a strong focus on AI-driven innovation. By leveraging agentic AI, Pando enables more autonomous workflows and smarter decision-making, driving greater efficiency and intelligence across logistics operations.
    • Customer-centric solutions: Designed for global manufacturers and retailers, Pando offers industry-specific solutions seamlessly integrating with existing enterprise systems, onboarding AI agents aligned to the organization’s supply chain knowledge graph, and automating decisions, actions, and collaboration across logistics processes.
    • Quick Time to Value: Pando’s value-driven approach ensures there is a quantifiable return on investment (ROI) for every AI agent onboarded, delivering immediate business impact with accelerated time to value.

    Pando supports customers across various industries, including consumer products, retail, automotive, chemicals, and pharmaceuticals, in Asia and North America.

    To access a complimentary copy of the report 2025 Gartner Magic Quadrant for Transportation Management Systems, please visit 2025 Gartner Magic Quadrant for Transportation Management Systems.

    Gartner, “Magic Quadrant for Transportation Management Systems,” Brock Johns, Oscar Sanchez Duran, Carly West, Manav Jain, 27 March 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About Pando
    Pando is a global leader in AI-powered logistics technology and offers AI agents for logistics, enabling manufacturers, distributors, and retailers to automate their logistics operations to build agility, control freight spend, and reduce carbon footprint. Trusted by Fortune 500 enterprises with global customers across North America, Europe, and Asia Pacific regions, Pando is pioneering the future of autonomous logistics with cutting-edge AI capabilities.

    Pando is recognized by World Economic Forum (WEF) as a Technology Pioneer, by G2 as a Market Leader in Freight Management, and named one of the fastest-growing technology companies by Deloitte. For more information, visit www.pando.ai.

    Media Contact
    Courtney Meints
    Skyya PR for Pando
    pando@skyya.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/316bdce2-0aa8-426d-9fba-b9125043a2c1

    The MIL Network –

  • MIL-OSI: GlobePool Introduces AI-Driven Bitcoin Cloud Mining Platform for Users,$15 welcome bonus for new user

    Source: GlobeNewswire (MIL-OSI)

    Miami, FL, March 31, 2025 (GLOBE NEWSWIRE) — GlobePool is a reliable crypto mining platform that is transforming the industry with its AI-powered mining options for both beginners and experts. GlobePool simplifies the process with an innovative AI technology that optimizes the efficiency of mining, maximizes returns, and reduces operating complexity. Regular cryptocurrency mining comes with significant equipment and power investments, which render it out of reach for the masses. GlobePool reduces such barriers by offering cloud-based artificial intelligence-automated mining.

    Running on 100+ decentralized nodes worldwide, this platform applies sophisticated AI algorithms to scan blockchain data, energy prices, and hardware efficiency in real-time, automatically redirecting investors’ hashrate to the most profitable opportunities.

    “We are committed to GlobePool to make cryptocurrency mining available to all and make it available in readiness,” a GlobePool representative said. “Smart mining with AI offers users maximum returns with the least frustration from technical adjustment or fluctuating market prices.”

    Earning Potential with GlobePool:

    With the attractive offers provided by this platform, users can earn passive income in various ways. One of the most popular schemes, Bitmain ALPH Miner AL1,  for example, gives daily rewards of $2.50 with a principal rebate and pays a contract value of $100 with a one-day term. Depending on their financial objectives, users can employ either short-term or long-term mining tactics thanks to this accommodating mechanism.

    Recommended Plan: (Best Profit in Short Time)

    Plan: Bitcoin Miner S21 XP+ Hyd (500 TH/s)

    Investment: $100,000

    Contract Duration: 2 Days

    Daily Rewards: $8,100.00

    Total Earnings: $16,200.00

    Getting Started With the Most Reliable AI-Driven Global Mining Platform

    GlobePool was developed with the convenience of the user in mind and features a hassle-free three-step process to become active:

    Sign Up & Start for Free – Users can sign up in under a minute and immediately access GlobePool’s mining network without the need for specialized equipment.

    Choose a Mining Plan – With various cryptocurrency mining plans, users can select the most suitable one for their requirements. The AI distributes mining resources to the most profitable pools automatically.

    Monitor & Withdraw Earnings – Real-time analytics through a live dashboard provides instant insights into mining performance, and withdrawals are immediate with no fees.

    Join the Crypto Mining Affiliate Program

    GlobePool has introduced a unique Crypto Mining Affiliate Program to increase its visibility even more. By referring new members, users can earn money. Affiliates can promote GlobePool’s advanced mining services and earn handsome payments for each successful invite. The program is a great way for influencers, cryptocurrency enthusiasts, and internet marketers to make money off of their following because there is no cap on the potential incentives.

    The Future of Cryptocurrency Mining with GlobePool

    As the cryptocurrency market continues to evolve, GlobePool is leading the way with its constant development of AI algorithms and the growth of the mining infrastructure. By bringing crypto mining into the mainstream, making it efficient and profitable, GlobePool is empowering users globally to access the digital economy.

    The spokesperson said that the “GlobePool is committed to providing the best-in-class mining solutions that drive financial empowerment and technological innovation”, as crypto mining tends to be a basic constituent of the crypto ecosystem.

    Frequently Asked Questions (FAQs)

    Are there any fees associated with GlobePool’s mining contracts?

    GlobePool’s mining contracts are clear-cut, with the contract price covering all associated costs and there are no hidden fees, and the initial investment is typically refunded at the end of the contract term, as stated in each plan.

    What Cryptocurrencies Can I Mine with GlobePool?

    GlobePool supports mining for various cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), and other popular digital assets.

    Can I invest my profits in new mining contracts?

    Yes, the users are able to reinvest their profits in new mining contracts on GlobePool. This tactic provides for compounding growth of your investment, potentially growing total returns. 

    How is the security of my investment and personal information ensured by GlobePool?

    GlobePool employs cutting-edge security features, like encryption algorithms and two-factor authentication (2FA), to protect users’ personal info and money. The platform’s AI-driven mining operations are optimized for profitability while ensuring the safety of all transactions.

    About GlobePool

    GlobePool is one of the emerging cryptocurrency mining platforms that leverages AI-powered technology to provide optimized mining solutions to users around the world. GlobePool prioritizes efficiency, security, and profitability while making the process of mining easier and enabling users to get the maximum revenue without the complexity of normal mining operations.

    To know more, visit GlobePool’s official website.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

  • MIL-OSI: RYVYL Reports Q4 2024 and Full Year 2024 Financial Results and Provides a Business Update

    Source: GlobeNewswire (MIL-OSI)

    – Reiterates 2025 guidance of $80 million to $90 million in revenue and mid-40s percentage gross margin – 

    SAN DIEGO, CA, March 31, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology for the diverse international markets, reported its financial results for the quarter and year ended December 31, 2024.

    RYVYL Co-founder and CEO Fredi Nisan issued the following business update for investors.

    “We made significant progress in 2024 as our U.S. operations stabilized over the past several quarters, while our International segment maintained a strong growth trajectory. International revenue for 2024 reached $37.8 million, representing a remarkable 124% increase compared to 2023. With momentum building in both the U.S. and international markets, we are actively onboarding new clients across multiple jurisdictions, further strengthening our market presence and positioning us for a high-growth year in 2025.

    Our global pipeline is robust, and we are rapidly gaining traction with our Payments-as-a-Service offering from RYVYL EU. We are strategically positioned to capitalize on substantial opportunities as we continue to expand our market reach.

    “We are building on our core competitive strengths and foundation, and I’m excited to offer a summary of our progress and reiterate our 2025 guidance of $80 million to $90 million in revenue and mid-40s percentage gross margin.

    Business Overview and Competitive Position

    Our competitive strengths, unique value proposition, and strategic focus are what truly set us apart in the fintech space. We’re especially optimistic about our position in the market, as the global shift toward credit cards, mobile wallets, and real-time payment platforms continues to accelerate. Our solutions are purpose-built for this evolution, leveraging our longstanding investment in proprietary payment and banking technologies to stay ahead of the curve.

    As fintech innovators are rapidly disrupting the landscape with agile, cost-effective models, RYVYL is strongly positioned to lead the way. We are nimble, innovative, and well-prepared to capitalize on this favorable environment, driving forward as a leader in the next era of digital payments.

    We are committed to continuously evolving our product portfolio to anticipate and meet the ever-changing needs of businesses worldwide. At the heart of this effort is the enhancement of our dual-sided payment platform, which seamlessly supports both acquiring and disbursement services. This platform is purpose-built to accommodate emerging use cases in acquiring, disbursements, and embedded finance, delivering comprehensive, end-to-end financial solutions that empower our clients to stay ahead in a dynamic market.

    Technological innovation is transforming how consumers engage with their finances as multiple payment rails converge to offer greater flexibility and choice. RYVYL is at the forefront of this evolution with our next-generation payment technology. By integrating various payment systems and methods into a single, cohesive digital platform, we empower consumers and businesses to access multiple options—such as bank transfers, mobile payments, digital wallets, and more—all in one place. This innovative approach allows users to select the payment method that best meets their needs at any given moment, positioning RYVYL as a pioneer in the rapidly evolving financial landscape.

    We target high-margin segments, focusing on merchants and retail clients who are often overlooked by traditional processors or left out of the existing financial ecosystem. Currently, we serve nearly 1,500 business customers across 50 industries, leveraging a diversified foundation to establish ourselves as a global innovator in payment and banking solutions. By offering advanced banking and payment technologies, we’re able to capture 40% gross margins in these high-potential areas. With new offerings like Payments-as-a-Service (PaaS) on the horizon and greater operational efficiencies through scale, we are well-positioned to continue driving margin expansion.

    Our value proposition is distinct and forward-thinking. We deliver comprehensive banking and processing solutions that emphasize transparency, speed, and tailored processing capabilities designed for specific industries. Our customized, turnkey solutions are powered by cutting-edge technologies, such as AI, that set us apart. We leverage these advanced capabilities and tools to streamline operations, reduce errors, and enhance scalability, while AI-driven insights optimize decision-making and efficiency, creating a transformative approach to financial services.

    Compliance and onboarding agility are fundamental to our business model—serving as key competitive advantages in this rapidly evolving landscape. As regulatory scrutiny and antitrust initiatives reshape the payment ecosystem, legacy networks are being challenged, creating new opportunities for innovative players. While real-time systems like FedNow are making strides, credit cards still dominate, and adoption remains gradual. Meanwhile, advancements in AI are transforming fraud prevention, transaction security, and seamless banking integration. RYVYL is strategically positioned to navigate and capitalize on these changes, leveraging our expertise to stay ahead in this dynamic environment.

    We’re driven by our momentum and confident in our path forward. Recent wins, increased pipeline visibility, and an expanding presence across verticals are propelling us to new heights. We’re diversifying revenue streams and building stronger client relationships, positioning ourselves to meet the complex and evolving needs of our customers. Market demand remains robust, and we’re well-prepared to capitalize on opportunities, further solidifying our position as a frontrunner in the sector.

    Q4 2024 and Recent Highlights

    During Q4 and recently, we:

    • Completed two European software integrations in October, with these two European partners launching on the new platforms.
    • Expanded our global reach by launching Visa Direct services in more geographies, increasing our footprint to a total of 16 countries.
    • Launched co-branded debit cards in the EU.
    • Went live with our next-generation Charge Savvy (POS).
    • Implemented NEMS Core payments in the U.S.

    Balance Sheet Restructuring

    We completed key steps in our strategy to improve our capital structure, greatly reducing potential dilution and positioning us for profitable growth supported by increased financial flexibility.

    In January 2025, we:

    • Executed a Preferred Stock Repurchase and Note Repayment Agreement and paid the initial tranche of $13.0 million to a securityholder that:
      • Redeemed of all shares of the Company’s Series B Convertible Preferred Stock for which the liquidation value was $53.1 million; and
      • Partially repaid an 8% Senior Convertible Note, reducing the outstanding principal from $18.3 million to $4.0 million, which is due on or before April 30, 2025.
    • Entered into an agreement with a financing source for $15.0 million to fund the Preferred Stock Repurchase and Note Repayment Agreement transaction that was structured as a pre-funded asset sale with a 90-day closing period, which ends on April 23, 2025 and may be extended an additional 30 days to May 23, 2025, if the Company pays $500,000 for such extension. Shares in the Company’s RYVYL EU subsidiary were placed in escrow during the closing period. Although there are no guarantees, the Company intends to terminate the asset sale within the closing period by paying $16.5 million in consideration of such termination.

    We are pursuing a range of funding alternatives to raise capital to terminate the asset sale and anticipate completing this step in our financial strategy to further deleverage the balance sheet in Q2 2025. The Company has recently filed an S-1 registration statement to raise up to $24 million, including the overallotment, and intends to explore all fundraising options, including term debt, equity or some combination to fund the termination payment of $16.5 million.

    Payments-as-a-Service (PaaS)

    In March 2025, RYVYL EU landed two new Payments-as-a-Service (PaaS) contracts, which are anticipated to bring in close to one million new customer accounts over the next year. These partnerships mark a major step forward in expanding our presence across Europe and boosting our long-term growth potential. These partnerships are a strong endorsement of our ability to support fast-growing financial platforms and assist with their international growth. Our advanced payment technology enables quick and compliant onboarding, paired with the scalability today’s digital banks demand.

    • The first contract is with a prominent global money service provider and includes the provision of both virtual and physical payment cards through RYVYL’s platform and mobile application. So far, 1,000 accounts have already been activated, and an additional 50,000 are expected to follow in 2025.
    • The second agreement, with one of the world’s largest fully digital banks, is expected to add 900,000 new customer accounts within 12 months, beginning in Q2 2025. API integrations and system testing are already underway, with the onboarding phase set to launch in the near future.

    “We are poised for a strong growth year in 2025, with multiple initiative underway to leverage our technology and well-established customer infrastructure and market reputation, and I look forward to updating you on our progress,” concluded Nisan.

    Financial Summary for the Fourth Quarter Ended December 31, 2024

    • Revenue: Fourth quarter 2024 revenue totaled $14.1 million, driven largely by $11.4 million from RYVYL EU. This compares to $22.2 million in revenue during the same period in 2023, of which $5.6 million was generated by RYVYL EU.
    • Processing Volume: In the fourth quarter of 2024, processing volume rose 38.7% to $1.3 billion, compared to $0.9 billion in the fourth quarter of 2023. International operations accounted for $1.1 billion of the fourth quarter volume, a significant increase from the $591 million volume in the fourth quarter of 2023, fueled by strong growth across multiple verticals, particularly through our Independent Sales Organizations (“ISO”) and partnership network, as well as expanded offerings in global payments processing and banking-as-a-service. In North America, processing volume totaled $176 million, down from $356 million in the fourth quarter of 2023.
    • Cost of Revenue: Cost of revenue was $8.7 million in the fourth quarter of 2024, down from $14.5 million in the fourth quarter of 2023. This decrease was primarily due to reduced processing activity in North America, partially offset by higher processing volumes in the International segment.
    • Gross Margin: Gross margin for the fourth quarter of 2024 was 38.2%, up from 35.0% in the fourth quarter of 2023, reflecting higher margin product mix.
    • Operating Expenses: Operating expenses for the fourth quarter of 2024 were $11.4 million, compared to $10.6 million in the fourth quarter of 2023. This increase was primarily driven by a $3.0 million impairment charge in the fourth quarter of 2024 against intangible assets held in North America, partially offset by lower other operating expenses compared to the fourth quarter 2023.
    • Other Expense, net: Other expense, net, decreased 97% to $0.9 million in the fourth quarter of 2024, down from $27.0 million in the fourth quarter of 2023. The net decrease was primarily driven by the multiple restructurings of the Company’s convertible note during the fourth of 2023, with no comparable activity during the fourth quarter of 2024.
    • Adjusted EBITDA: Adjusted EBITDA for the fourth quarter of 2024 was negative $1.7 million, compared to a positive $0.1 million in the fourth quarter of 2023.

    Financial Summary Full Year Ended December 31, 2024

    • Revenue: 2024 revenue was $56.0 million, driven largely by $37.8 million from RYVYL EU. This compares to $65.9 million during the same period in 2023, of which $16.9 million was generated by RYVYL EU.
    • Cost of Revenue: Cost of revenue was $33.6 million, down $6.6 million, from $40.2 million during 2023, primarily due to reduced processing activity in North America, partially offset by higher processing volumes in the International segment.
    • Gross Margin: Gross margin was 40.0%, up from 39.0% in 2023.
    • Operating Expenses: 2024 operating expenses were $43.3 million compared to $38.0 million in 2023, due primarily to impairment charges recorded during 2024 of $6.7 million and $3.0 million for goodwill and intangible assets held in North America, respectively, with no comparable charges in 2023, partially offset by lower research and development expenses and professional fees.
    • Other Expense, net: Other expense, net, decreased to $4.8 million in 2024, down from $40.5 million in 2023. This decrease was mainly driven by a $28.8 million net decrease in other expenses associated with the Company’s multiple restructurings of its convertible note during 2023 with no comparable restructurings during 2024.
    • Adjusted EBITDA: Adjusted EBITDA for 2024 was a loss of $5.7 million, compared to a loss of $3.9 million in 2023.
    • Cash Balances: Cash and restricted cash as of December 31, 2024, was $92.0 million, with $89.4 million being restricted cash.

    The foregoing guidance is based on the Company’s continuation of the business, as currently conducted. On January 24, 2025, the Company entered into an agreement with a financing source that was structured as a pre-funded asset sale with a 90-day closing period, which ends on April 23, 2025 and may be extended an additional 30 days to May 23, 2025, if the Company pays $500,000 for such extension. Shares in the Company’s RYVYL EU subsidiary were placed in escrow during the closing period. Although there are no guarantees, the Company intends to terminate the asset sale within the closing period by paying $16.5 million in consideration of such termination. The Company’s financial guidance for 2025 is based on fully retaining its RYVYL EU subsidiary.

    About RYVYL

    RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com

    Cautionary Note Regarding Forward-Looking Statements

    This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding anticipated revenues and margins, timely payment of the second tranche, the benefit to stockholders from the repayment of the Note and repurchase of the Preferred Stock, and the timing and expectation of revenues from the license described herein and are charactered by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, including the risk that the licensee understands and complies with various banking laws and regulations that may impact the licensee’s ability to process transactions. For example, federal money laundering statutes and Bank Secrecy Act regulations discourage financial institutions from working with operators of certain industries – particularly industries with heightened cash reporting obligations and restrictions – as a result of which, banks may refuse to process certain payments and/or require onerous reporting obligations by payment processors to avoid compliance risk. These statements are also subject to any damages the Company could suffer as the result of previously announced litigation or actions of any governmental agencies. These and other risk factors affecting the Company are discussed in detail in the Company’s periodic filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether because of the latest information, future events or otherwise, except to the extent required by applicable laws.

    IR Contact:
    David Barnard, Alliance Advisors Investor Relations, 415-433-3777, ryvylinvestor@allianceadvisors.com

    RYVYL INC.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except share and per share data)

        December 31,  
        2024     2023  
    ASSETS            
    Current Assets:            
    Cash   $ 2,599     $ 12,180  
    Restricted cash     89,432       61,138  
    Accounts receivable, net of allowance for credit losses of $206 and $23, respectively     1,076       859  
    Cash due from gateways, net of allowance of $89 and $2,636, respectively     88       12,834  
    Prepaid and other current assets     2,189       2,854  
    Total current assets     95,384       89,865  
                     
    Non-current Assets:                
    Property and equipment, net     165       306  
    Goodwill     18,856       26,753  
    Intangible assets, net     1,802       5,059  
    Operating lease right-of-use assets, net     3,425       4,279  
    Other assets     2,644       2,403  
    Total non-current assets     26,892       38,800  
    Total assets   $ 122,276     $ 128,665  
                     
    LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)                
                     
    Current Liabilities:                
    Accounts payable   $ 3,515     $ 1,819  
    Accrued liabilities     8,146       5,755  
    Payment processing liabilities, net     90,802       76,772  
    Current portion of operating lease liabilities     839       692  
    Other current liabilities     240       504  
    Total current liabilities     103,542       85,542  
    Long term debt, net of debt discount of $3,906 and $24,349, respectively     17,363       15,912  
    Operating lease liabilities, less current portion     2,863       3,720  
    Total liabilities     123,768       105,174  
                     
    Stockholders’ Equity/(Deficit):                
    Preferred stock, Series B, par value $0.01, 5,000,000 shares authorized; 53,499 and 55,000 shares issued and outstanding at December 31, 2024 and 2023, respectively     1       1  
    Common stock, par value $0.001, 100,000,000 shares authorized; 8,032,318 and 5,996,948 shares issued and outstanding at December 31, 2024 and 2023, respectively     8       6  
    Additional paid-in capital     179,157       175,664  
    Accumulated other comprehensive income     (1,251 )     401  
    Accumulated deficit     (179,407 )     (152,581 )
    Total stockholders’ (deficit)/equity     (1,492 )     23,491  
                     
    Total liabilities and stockholder’s (deficit)/equity   $ 122,276     $ 128,665  

    RYVYL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
    (In thousands, except share and par value data)

        Three Months Ended December 31,     Twelve Months Ended December 31,  
        2024     2023     2024     2023  
                                     
    Revenue   $ 14,127     $ 22,249     $ 55,998     $ 65,869  
    Cost of revenue     8,730       14,455       33,572       40,157  
    Gross profit     5,397       7,794       22,426       25,712  
                                     
    Operating expenses:                                
    Advertising and marketing     20       (73 )     95       80  
    Research and development     821       1,323       3,848       5,757  
    General and administrative     1,826       1,968       6,933       8,678  
    Payroll and payroll taxes     4,167       3,785       13,836       12,017  
    Professional fees     1,016       1,425       4,372       7,076  
    Stock compensation expense     83       1,544       624       1,853  
    Depreciation and amortization     438       654       2,264       2,553  
    Impairment of goodwill     –       –       6,675       –  
    Impairment of intangible assets     3,028       –       3,028       –  
    Restructuring charges     –       –       1,636       –  
    Total operating expenses     11,399       10,626       43,311       38,014  
                                     
    Loss from operations     (6,002 )     (2,832 )     (20,885 )     (12,302 )
                                     
    Other income (expense):                                
    Interest expense     (400 )     (30 )     (862 )     (3,340 )
    Accretion of debt discount     (280 )     (3,508 )     (2,258 )     (13,134 )
    Changes in fair value of derivative liability     –       (35 )     14       6,544  
    Derecognition expense on conversion of convertible debt     (531 )     (23,516 )     (600 )     (25,035 )
    Legal settlement expense     (467 )     –       (2,064 )     (4,142 )
    Gain on sale of property and equipment     –       1,069       –       1,069  
    Other income (expense)     754       (999 )     970       (2,472 )
    Total other expense, net     (924 )     (27,020 )     (4,800 )     (40,510 )
                                     
    Loss before provision for income taxes     (6,926 )     (29,852 )     (25,685 )     (52,812 )
    Income tax provision     (75 )     151       1,140       289  
    Net loss   $ (6,851 )   $ (30,003 )   $ (26,825 )   $ (53,101 )
                                     
    Comprehensive income statement:                                
    Net loss     (6,851 )     (30,003 )     (26,825 )     (53,101 )
    Foreign currency translation (loss) gain     (2,371 )     433       (1,652 )      44  
    Total comprehensive loss   $ (9,222 )   $ (29,570 )   $ (28,477 )   $ (53,057 )
                                     
    Net loss per share:                                
    Basic and diluted   $ (0.91 )   $ (5.43 )   $ (4.01 )   $ (10.11 )
    Weighted average number of common shares outstanding:                                
    Basic and diluted     7,543,480       5,525,608       6,694,165       5,251,852  

    RYVYL INC.
    CONSOLIDATED STATEMENT OF CASH FLOWS
    (In thousands)

        Year Ended December 31,  
        2024     2023  
    Cash flows from operating activities:            
    Net loss   $ (26,825 )   $ (53,101 )
    Adjustments to reconcile net loss to net cash used in operating activities:                
    Depreciation and amortization expense     2,264       2,553  
    Noncash lease expense     143       350  
    Stock compensation expense     624       1,853  
    Restricted common stock issued for compensation     182       –  
    Accretion of debt discount     2,258       13,134  
    Derecognition expense on conversion of convertible debt     600       25,035  
    Changes in fair value of derivative liability     (14 )     (6,544 )
    Gain on sale of property and equipment     –       (1,069 )
    Impairment of goodwill     6,675       –  
    Impairment of intangible assets     3,028       –  
    Restructuring charges     1,636       –  
    Changes in assets and liabilities:                
    Accounts receivable, net     (155 )     297  
    Prepaid and other current assets     664       6,568  
    Cash due from gateways, net     12,684       (5,407 )
    Other assets     (160 )     (1,183 )
    Accounts payable     1,695       189  
    Accrued and other current liabilities     1,497       2,080  
    Accrued interest     366       546  
    Payment processing liabilities, net     14,029       47,860  
    Net cash provided by operating activities     21,191       33,161  
                     
    Cash flows from investing activities:                
    Purchases of property and equipment     (47 )     (108 )
    Logicquest Technology acquisition     –       (225 )
    Proceeds from sale of property and equipment     –       2,620  
    Capitalized software development costs     (1,647 )     –  
    Purchase of intangibles     (114 )     –  
    Net cash (used in) provided by investing activities     (1,808 )     2,287  
                     
    Cash flows from financing activities:                
    Treasury stock purchases     –       7  
    Repayments of convertible debt     –       (3,000 )
    Repayments on long-term debt     (12 )     (15 )
    Tax withholdings related to net settlement of equity awards     (229 )     –  
    Net cash used in financing activities     (241 )     (3,008 )
                     
    Effect of exchange rates in cash and restricted cash     (430 )     44  
    Net increase (decrease) in cash and restricted cash     18,712       32,484  
                     
    Cash and restricted cash – beginning of period     73,318       40,834  
                     
    Cash and restricted cash – end of period   $ 92,030     $ 73,318  
                     
    Supplemental disclosures of cash flow information                
    Cash paid during the period for:                
    Interest   $ 300     $ 2,709  
    Income taxes   $ 848     $ 199  
                     
    Non-cash financing and investing activities:                
    Convertible debt conversion to preferred stock   $ 900     $ 64,600  
    Convertible debt conversion to common stock   $ –     $ 1,650  
    Interest accrual from convertible debt converted to preferred stock   $ –     $ 1,703  
    Interest accrual from convertible debt converted to common stock   $ –     $ 4  

    Use of Non-GAAP Financial Information

    Adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”) is a non-GAAP measure that represents our net loss before interest expense, amortization of debt discount, income tax expense, depreciation and amortization, changes in the fair value of derivative liabilities, losses on the extinguishment and derecognition expenses on the conversion of convertible debt, non-cash stock-based compensation expense, acquisition-related expense, non-recurring provisions for credit losses on legacy matters, accounting fees related to the restatement of prior period financial statements, non-recurring costs related to the spin-off of a subsidiary, and legal costs and settlement fees incurred in connection with non-ordinary course litigation and other disputes.

    We exclude these items in calculating Adjusted EBITDA because we believe that the exclusion of these items will provide for more meaningful information about our financial performance, and do not consider the excluded items to be part of our ongoing results of operations. Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these limitations are: (a) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; (b) Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; (c) Adjusted EBITDA does not reflect the potentially dilutive impact of equity-based compensation; (d) Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to us; and (e) other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.

    Because of these and other limitations, you should consider Adjusted EBITDA alongside our other GAAP-based financial performance measures, net income (loss) and our other GAAP financial results. The following table presents a reconciliation of Adjusted EBITDA from net loss, the most directly comparable GAAP measure, for the periods indicated:

    Reconciliation of Net Loss attributable to RYVYL, Inc., to Adjusted EBITDA for the
    Three and Twelve Months Ended December 31, 2024 and 2023
    (In thousands, except share and per share data)

        Three Months Ended December 31,     Twelve Months Ended December 31,  
        2024     2023     2024     2023  
                                     
    Net loss   $ (6,851 )   $ (30,003 )   $ (26,825 )   $ (53,101 )
    Interest expense     400       30       862       3,340  
    Accretion of debt discount     280       3,508       2,259       13,134  
    Income tax provision     (75 )     151       1,140       289  
    Depreciation and amortization     438       654       2,264       2,553  
     EBITDA     (5,807 )     (25,660 )     (20,301 )     (33,785 )
                                     
    Other non-cash adjustments:                                
    Changes in fair value of derivative liability     –       35       (14 )     (6,544 )
    Derecognition expense on conversion of convertible debt     531       23,516       600       25,035  
    Stock compensation expense     83       1,544       624       1,853  
    Impairment of goodwill     –       –       6,675       –  
    Impairment of intangible assets     3,028       –       3,028       –  
    Restructuring charges     –       –       1,636       –  
                                     
    Special items:                                
    Non-recurring legal settlements and ongoing matters and related legal fees     467       –       2,064       5,308  
    Carryover effects of financial statement restatements in prior periods     –       691       –       1,913  
    Non-recurring provision for credit losses on legacy matters     –       –       –       1,994  
    Accounting fees related to the restatement of prior period financial statements     –       –       –       237  
    Non-recurring impairment of right of use asset     –       –       –       100  
    Non-recurring costs of spin-off     –       –       –       29  
    Adjusted EBITDA   $ (1,699 )   $ 126     $ (5,688 )   $ (3,860 )
                                     
    Loss from operations   $ (6,002 )   $ (2,832 )   $ (20,885 )   $ (12,302 )

    The MIL Network –

  • MIL-OSI: Matador Technologies Announces New CTO and Lead Designer for Upcoming Digital Gold Product on Bitcoin

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MTDTF) announces the addition of two members to its team as the Company advances toward the launch of its digital gold product on the Bitcoin network in early 2025. Antoine De Vuyst has joined Matador as Chief Technology Officer (CTO), and the pseudonymous artist and developer known as dxxmsdxy (pronounced “doomsday”) has joined as Lead Designer.

    Antoine De Vuyst – Chief Technology Officer

    Antoine De Vuyst is a Bitcoin entrepreneur, developer, and community organizer with long-standing involvement in the crypto ecosystem. He is the founder of Bitcoin Bay, a Toronto-based crypto community launched in 2014, and has been active in the Ordinals space. Antoine is a holder and inscriber of Ordinals across Bitcoin and Litecoin, and he created the Bitbars collection on Bitcoin and Litebars on Litecoin. At Matador, Antoine will oversee product and development efforts, including work on the Company’s digital gold platform.

    dxxmsdxy – Lead Designer

    dxxmsdxy is a pseudonymous artist and developer known for work in onchain art on Bitcoin since 2014. They are the creator of an early 1/1 token and have contributed to the Ordinals ecosystem. Among their notable projects are BITBARS, one of the early art collections inscribed on Bitcoin, and SEEDS, a recursive project that enables holders to customize their inscriptions using onchain mechanics. With a background in product design and systems thinking, dxxmsdxy will lead the design and user experience of Matador’s digital gold platform.

    “We’re excited to have Antoine and dxxmsdxy join the Matador team,” said Deven Soni, CEO of Matador Technologies. “Their combined experience with Bitcoin and Ordinals, along with their design and development expertise, will contribute significantly to the launch of our digital gold product.”

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-932-2668

    About Matador Technologies Inc.
    Matador Technologies Inc. leverages blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create a platform that will allow users to buy, sell, and store gold 24/7 in a convenient and engaging way.

    Cautionary Statement Regarding Forward-Looking Information

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

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

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –