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  • MIL-OSI: MicroAlgo Inc. Develops a Blockchain Storage Optimization Solution Based on the Archimedes Optimization Algorithm (AOA)

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, May 08, 2025 (GLOBE NEWSWIRE) — MicroAlgo Inc. Develops a Blockchain Storage Optimization Solution Based on the Archimedes Optimization Algorithm (AOA)

    Shenzhen, May. 08, 2025/––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), announced a focus on addressing the efficiency bottlenecks in blockchain storage by introducing the Archimedes Optimization Algorithm (AOA) into distributed storage architecture. Through intelligent algorithmic restructuring of data storage and node collaboration mechanisms, they aim to provide an innovative solution for large-scale blockchain applications.
    The Archimedes Optimization Algorithm (AOA) is a metaheuristic algorithm that simulates the force-driven motion of objects in a fluid. Its core concept is derived from the principle of Archimedean buoyancy: the buoyant force exerted on an object immersed in a fluid equals the weight of the fluid displaced. By dynamically adjusting parameters such as density, volume, and acceleration, the algorithm models the iterative motion of an object from a random initial position toward an optimal “equilibrium point.” MicroAlgo has deeply integrated this algorithm into blockchain storage scenarios. By targeting core issues such as data sharding strategies, node resource allocation, and consensus efficiency optimization, the company has constructed a multi-objective optimization model. AOA adaptively switches between global search and local exploitation to solve for optimal storage solutions under complex constraints, achieving multiple goals including reduced data redundancy, balanced node load, and enhanced storage performance. This injects intelligent and dynamic adjusting ability into blockchain storage systems.
    MicroAlgo’s blockchain storage optimization solution uses AOA as its core engine and spans the entire data-on-chain lifecycle. The technical workflow is divided into five key stages:data Preprocessing, sharding Strategy Optimization, node Resource Allocation, consensus Mechanism Enhancement and security Strategy Tuning.
    Data Feature Analysis and Preprocessing: Multi-dimensional feature extraction is performed on data destined for the blockchain. Depending on the characteristics of different data units, differentiated preprocessing strategies are applied: lightweight serialized encoding for structured transaction data; chunk-based hashing for unstructured file data; and homomorphic encryption or zero-knowledge proof preprocessing for privacy-sensitive data. The feature vectors generated during preprocessing, along with storage constraints (such as maximum node storage capacity, network latency thresholds, and data redundancy safety margins), collectively form the input parameter space for AOA.
    Dynamic Sharding Strategy Optimization: AOA models the data sharding problem as an optimal partitioning task in multi-dimensional space. During initialization, storage nodes in the blockchain network are abstracted as “virtual objects,” where each object’s “density” corresponds to the node’s storage cost coefficient, “volume” to its remaining available storage space, and “buoyancy” to its network transmission efficiency. In the iterative process, AOA performs a global exploration phase simulating the random movement of objects in fluid, traversing various shard combinations and employing collision detection to avoid local optima. In the local exploitation phase, the algorithm converges toward the current optimal sharding plan based on gradient information and dynamically adjusts the storage node allocation for each data block. For example, frequently accessed “hot data” is preferentially stored with multiple replicas on nodes with low latency and strong computational performance to ensure fast response, while infrequently accessed “cold data” is stored using erasure coding on nodes with lower cost and larger capacity, thereby reducing redundancy while ensuring availability. Through adjustment of the adaptive Transfer Factor, the algorithm dynamically balances exploration and exploitation, ultimately producing a sharding strategy that optimizes both storage efficiency and access performance.
    Node Load Balancing and Resource Scheduling: At the node level, AOA builds a real-time load monitoring model, collecting dynamic status data such as storage utilization, CPU usage, and network bandwidth consumption, which serve as input for the algorithm’s “force analysis.” When node load exceeds a threshold (e.g., storage utilization surpasses 90%), the load balancing mechanism is triggered: by adjusting the “density” parameter (i.e., storage priority) of adjacent nodes, new data is guided toward underloaded nodes. Simultaneously, migration of low-frequency data from overloaded nodes is initiated, following a “minimum transmission cost” principle that evaluates migration paths based on network latency, data volume, and current node loads to generate the optimal migration sequence. Additionally, to accommodate heterogeneous nodes (e.g., full nodes, light nodes, edge nodes), AOA adopts a layered resource scheduling strategy: light nodes store only essential index information, edge nodes handle local data caching, and full nodes take charge of core data validation and long-term storage—thus forming a tiered storage architecture based on core-edge collaboration.
    Consensus Efficiency Enhancement and Block Optimization: At the consensus layer, AOA is deeply integrated with blockchain consensus mechanisms to optimize block generation and validation. Taking PBFT-like consensus as an example, the algorithm reformulates block packaging as a multi-objective optimization problem: it seeks balance between block size limits (e.g., 1MB maximum) and transaction throughput by analyzing transaction type (transfer vs. smart contract), priority (urgent vs. regular), and correlation (cross-contract vs. independent transactions). Based on this analysis, it dynamically adjusts transaction sorting and grouping within blocks. During node election, AOA calculates each node’s “trust density” in real time, based on historical performance (e.g., participation in consensus, data validation accuracy, and network stability), and prioritizes high-trust nodes to participate in consensus, reducing the risk of malicious interference. For PoW-based consensus, AOA predicts hash power distribution and network load to dynamically adjust mining difficulty targets, thereby shortening block intervals and reducing energy waste while maintaining decentralization.
    Adaptive Security Strategy Optimization: To meet blockchain storage demands for privacy protection and data security, AOA builds an encryption parameter optimization model. In homomorphic encryption scenarios, the algorithm automatically selects optimal parameters (e.g., modulus size, key length) based on data sensitivity and computational complexity, reducing overhead while maintaining cryptographic strength. In zero-knowledge proof contexts, AOA enhances efficiency by optimizing randomness selection and constraint composition in proof generation, minimizing on-chain storage demands. To mitigate risks of data tampering and node failure, AOA monitors anomalies in on-chain data hash values in real time, and uses cross-verification across multiple node replicas to quickly identify compromised nodes and trigger recovery workflows. During recovery, the algorithm selects the optimal replica node for synchronization based on node trust level and network connectivity, ensuring rapid system consistency restoration.
    Compared to traditional approaches, MicroAlgo’s AOA-based blockchain storage optimization solution offers significant advantages. Conventional storage strategies often rely on fixed rules—such as uniform sharding or round-robin allocation—which are prone to falling into the pitfalls of local optima. In contrast, AOA leverages a global search mechanism inspired by fluid dynamics, enabling it to rapidly explore over a million sharding combinations within a complex network of tens of millions of nodes. Its solution efficiency surpasses that of Genetic Algorithms (GA) by 40%, and reduces the number of iterations needed by 25% compared to Particle Swarm Optimization (PSO), effectively avoiding the blindness of static strategies.
    The node status and data characteristics of blockchain networks are in constant flux. The AOA transfer factor mechanism dynamically switches search modes based on real-time load data: during network congestion, it enhances local exploitation to quickly stabilize system performance; during low load, it activates global exploration to discover optimal resource allocation solutions. Empirical data shows this approach controls the standard deviation of node storage utilization within 15%, reducing load imbalance by 60% compared to traditional methods.
    As blockchain penetrates deeper into Web3.0, the metaverse, and other fields, on-chain data volume will experience explosive growth. MicroAlgo’s AOA technology will continue to evolve in the following directions: at the algorithmic level, it plans to introduce quantum computing acceleration to boost AOA’s iteration speed by over 100 times, addressing optimization needs for exabyte-scale data; at the architectural level, it will explore “algorithm-hardware” co-design, developing dedicated ASIC chips for AOA hardware acceleration to reduce energy costs of blockchain nodes; at the ecosystem level, it will promote deep integration of AOA with cross-chain protocols (e.g., Polkadot, Cosmos) to build a cross-chain storage resource scheduling network, achieving the ultimate goal of “one-point on-chain, network-wide intelligent storage.”
    In the future, AOA is poised to become the “intelligent hub” of blockchain storage, driving distributed storage from “rule-driven” to “algorithmic autonomy,” laying the technical foundation for unlocking data value in the digital economy era.

    About MicroAlgo Inc.
    MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

    Forward-Looking Statements
    This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

    MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.
    Contact
    MicroAlgo Inc.
    Investor Relations
    Email: ir@microalgor.com

    The MIL Network –

  • MIL-OSI: Brag House Holdings, Inc. Files Form 10-K and Reaffirms Strategic Vision for Gen Z Engagement Through Gaming

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), a media-tech company at the intersection of gaming, college sports, and digital brand engagement, today announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

    The Company reaffirmed its confidence in the execution of its strategic plan to redefine digital engagement for casual college gamers and brands seeking to connect with the Gen Z demographic. As outlined in the Management’s Discussion and Analysis of its Annual Report on Form 10-K, Brag House continues to develop a first-of-its-kind digital platform where casual college gamers can compete, support their schools, engage in spirited banter, and win prizes in a safe, inclusive environment.

    “We are creating more than a platform—we are building a new sports medium,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “By merging gameplay with school spirit, our student-led tournaments, proprietary Bragging Functionality, and interactive experiences offer Gen Z an entirely new way to engage with college rivalries.”

    The Company highlighted its landmark strategic partnership with Learfield, which launched in April 2025 in collaboration with Florida Gators Athletics. The partnership represents a significant revenue-generating opportunity and marks the first step in a nationwide rollout designed to scale across Learfield’s network of over 200 collegiate institutions.

    The Company reaffirmed its strategic focus by highlighting the launch of a landmark initiative with Florida Gators Athletics and Learfield’s Florida Gators Sports Properties, as announced in its April 28, 2025 press release titled “Brag House, Florida Gators Athletics, and Learfield Announce Strategic Partnership to Create New Digital Sports Medium for Gen Z.” This innovative collaboration introduces a new digital sports medium for Gen Z—merging school spirit, gaming, and live sports into immersive experiences, as detailed below.

    The debut activation, known as the Brag Gator Gauntlet, kicks off in May 2025 at the University of Florida. This flagship series introduces:

    • Live and digital gaming activations aligned with real-world sporting events;
    • NIL-integrated content featuring student-athletes to amplify authenticity and school pride;
    • Branded loyalty tokens and cross-channel sponsorship opportunities across digital and on-campus platforms.

    By uniting Brag House’s gamified platform with Learfield’s nationwide network of collegiate institutions, this initiative redefines how fans and students engage with college sports. It also opens up high-impact, measurable opportunities for brands to reach Gen Z through student-led tournaments, influencer-driven campaigns, and serialized content. The Company believes this model will generate high-ROI advertising opportunities and serve as a foundation for future data-driven insights, enabling brands to engage Gen Z with greater precision, authenticity, and scale.

    “Our development and marketing strategy is laser-focused on high-impact, revenue-producing milestones,” added Malloy. “We are investing strategically in infrastructure while maintaining disciplined cost controls expected of a public company.”

    The Company’s near-term strategic goals include:

    • Scaling Learfield-based activations across multiple universities;
    • Deploying digital rewards through Loyalty Tokens and Bragging Functionality;
    • Advancing key platform technology modules to operational beta;
    • Leveraging proprietary data for brand-focused SaaS revenue generation.

    Brag House remains confident in its long-term growth trajectory and will continue providing shareholders with updates as key milestones are reached.

    About Brag House
    Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.

    Forward-Looking Statements
    This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release, include, but are not limited to statements relating to the ability to generate revenue from strategic partnership with Learfield; the ability to generate any revenue, return on investment, or any specific outcomes related to scheduled or unscheduled activations or immersive experiences; the ability to deliver anticipated platform growth, including through anticipated development roadmap or scalable model; the timeliness of any anticipated beta versions; the ability to generate revenue from anonymized behavioral insights or other proprietary data; the effectiveness of marketing strategies and strategic investments on revenue; the availability or value of any digital rewards and functionality; the feasibility of near-term strategic goals; or the impact on growth of near or long-term trajectories. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “would,” “should,” “expects,” “plans,” “could,” “intends,” “target,” “projects,” “forecasts,” “believes,” “estimates,” “anticipates,” “potential,” “continue,” “assumption” or “judgment” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

    Although the Company believes the expectations reflected in the forward-looking statements are reasonable when made, the Company cannot guarantee future results, levels of activity, performance, or achievements. There are a number of important factors that could cause the Company’s actual results to differ materially from the results anticipated by the Company’s forward-looking statements, which include, but are not limited to: the Company’s history of recurring losses and anticipated expenditures raises substantial doubts about its ability to continue as a going concern; the Company’s loss of or a substantial reduction in activity by one or more of its largest clients, vendors and/or sponsors could materially and adversely affect its business, financial condition and results of operations; the Company’s revenue model may not remain effective, and the Company cannot guarantee that its future monetization strategies will be successfully implemented or generate sustainable revenues and profit; technology changes rapidly in the Company’s business and if it fails to anticipate or successfully implement new technologies or adopt new business strategies, technologies or methods, the quality, timeliness and competitiveness of the Company’s amateur tournaments or competitions may suffer; the Company relies on information technology and other systems and platforms, and any failures, errors, defects or disruptions in the Company’s systems or platforms could diminish its brand and reputation, subject it to liability, disrupt its business, affect its ability to scale its technical infrastructure and adversely affect its operating results and growth prospects..

    Additional factors include those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, including under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” in the Company’s subsequent quarterly reports on Form 10-Q, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and in our subsequent filings with the Securities and Exchange Commission.

    A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances. You should not place undue reliance on the forward-looking statements. Unless required by federal securities laws, the Company assumes no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made.

    Investor Relations Contact:
    Adele Carey
    VP, Investor Relations
    ir@thebraghouse.com

    Media Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    The MIL Network –

  • MIL-OSI: Siebert Financial Appoints Industry Veteran Fredrick Scuteri as Chief Operating Officer of its Broker-Dealer Subsidiary

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB), announced the appointment of Fredrick Scuteri as Chief Operating Officer of its broker-dealer subsidiary Muriel Siebert & Co., LLC. In this role, Scuteri will oversee day-to-day operational functions, trading infrastructure, and platform modernization efforts as the firm continues to scale its brokerage services.

    Scuteri brings nearly three decades of experience across institutional trading, asset management, and broker-dealer operations. Prior to joining Siebert, he served as Chief Operating Officer of DriveWealth Institutional, following the firm’s acquisition of Cuttone & Co. He also held the role of Vice President and Head of Trading Operations and Treasury at AQR Capital Management, where he led operations team proving global, multi-asset class coverage for over 250 trading accounts.

    “Siebert Financial has a legacy of resilience and reinvention,” said Scuteri. “I look forward to building on that foundation by bringing scalable, tech-forward solutions to our operations. My focus will be on streamlining workflows, increasing transparency, and applying automation and AI to help future-proof the business, without compromising the firm’s commitment to client service and regulatory excellence.”

    Under Scuteri’s leadership, Siebert will expand its operational capabilities and continue investing in infrastructure to support growth across institutional and retail channels.

    “Fred brings both depth and range to this role,” said John J. Gebbia, CEO of Siebert Financial. “He understands the intricacies of capital markets and, more importantly, he knows how to execute. His ability to turn complexity into clarity is exactly what we need at this stage for the growth of Siebert.”

    “Having someone with Fred’s operational rigor and fintech expertise is a significant advantage,” added John M. Gebbia, Principal at Siebert Financial. “He’s already thinking several steps ahead, whether it’s about optimizing capital, improving workflows integrating AI-automation, or preparing our systems for scale. We’re excited to have him on board.”

    Scuteri is a FINRA-registered Financial Operations Principal (Series 27) with degrees in Finance, an MBA from St. John’s University, and, lately, certifications in Generative AI and Advanced Prompt Engineering from Vanderbilt University.

    About Siebert Financial Corp.
    Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

    Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

    Cautionary Note Regarding Forward-Looking Statements
    The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

    These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.

    Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

    Media Contact
    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5ec79525-8910-4122-a10b-0e856542cab0

    The MIL Network –

  • MIL-OSI: Live Ventures Reports Fiscal Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 08, 2025 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal second quarter 2025 ended March 31, 2025. 

    Fiscal Second Quarter 2025 Key Highlights:

    • Revenue was $107.0 million, compared to $118.6 million in the prior year period
    • Operating income increased $2.9 million to $2.1 million, compared to an operating loss of $0.8 million in the prior year period
    • Successfully negotiated a $19 million reduction on the balance owed under the Flooring Liquidators, Inc. (“Flooring Liquidators”) seller note, which, when including the cancellation of accrued interest and other items, resulted in a $22.8 million net gain for Live Ventures
    • Income before provision for income taxes was $21.1 million, compared to the prior year period loss before benefit from income taxes of $4.5 million. Income before provision for income taxes for the second quarter of 2025 includes the $22.8 million gain as described above
    • Adjusted EBITDA¹ increased $2.0 million to $6.4 million, compared to $4.5 million in the prior year period
    • Repurchased 31,323 shares of the Company’s common stock at an average price of $8.28 per share
    • Total assets of $393.6 million and stockholders’ equity of $88.9 million as of March 31, 2025
    • Approximately $26.6 million of cash and availability under the Company’s credit facilities as of March 31, 2025

    “Continuing the trend from the first quarter of fiscal year 2025, our Retail-Entertainment and Steel Manufacturing segments delivered improved operating performance in the second quarter, with higher operating income and operating margin compared to the same period last year. At the same time, ongoing softness in the new home construction and home refurbishment markets continued to pressure our Retail-Flooring and Flooring Manufacturing segments, where reduced consumer demand impacted performance,” commented David Verret, Chief Financial Officer of Live Ventures.

    “We are pleased with the operational improvements in our Retail-Entertainment and Steel Manufacturing segments during the first half of the year,” stated Jon Isaac, President and Chief Executive Officer of Live Ventures. “In response to our flooring businesses’ industry-specific challenges, we are implementing measures to enhance efficiency. In the second quarter, we initiated large cost-reduction initiatives in the Retail-Flooring segment, which have already resulted in significant savings. We remain focused on operational excellence and are confident in the long-term fundamentals of our businesses.”

     
    Second Quarter FY 2025 Financial Summary (in thousands except per share amounts)
      For the three months ended March 31,
        2025     2024     % Change
    Revenue $ 107,013   $ 118,626     -9.8 %
    Operating income (loss) $ 2,092   $ (838 )   N/A
    Income (loss) before provision for income taxes $ 21,103   $ (4,498 )   N/A
    Net income (loss) $ 15,866   $ (3,281 )   N/A
    Diluted earnings (loss) per share $ 5.05   $ (1.04 )   N/A
    Adjusted EBITDA¹ $ 6,446   $ 4,457     44.6 %
                       

    Revenue decreased approximately $11.6 million, or 9.8%, to approximately $107.0 million for the quarter ended March 31, 2025, compared to revenue of approximately $118.6 million in the prior year period. The decrease is attributable to the Retail-Flooring, Flooring Manufacturing, and Steel Manufacturing segments, which decreased by approximately $13.2 million in the aggregate.

    Operating income increased approximately $2.9 million, to approximately $2.1 million for the quarter ended March 31, 2025, compared with an operating loss of approximately $0.8 million in the prior year period. Operating income increased primarily due to lower general and administrative expenses and sales and marketing expenses resulting from cost reduction initiatives at the Retail-Flooring segment and lower general and administrative expenses in the Corporate and Other segment.

    For the quarter ended March 31, 2025, income before provision for income taxes was $21.1 million, compared to the prior year period loss before benefit from income taxes of $4.5 million. The increase in income before provision for income taxes is primarily attributable to a $22.8 million gain on a modification of the Flooring Liquidators seller note.

    Adjusted EBITDA¹ for the quarter ended March 31, 2025 was approximately $6.4 million, an increase of approximately $2.0 million, or 44.6%, compared to the prior year period Adjusted EBITDA of $4.5 million. Adjusted EBITDA increased primarily due to lower operating expenses at the Retail-Flooring segment resulting from cost reduction initiatives.

    As of March 31, 2025, the Company had total cash availability of $26.6 million, consisting of cash on hand of $6.9 million and availability under its various lines of credit of $19.7 million.

    Second Quarter FY 2025 Segment Results (in thousands)

      For the three months ended March 31,
        2025       2024     % Change
    Revenue          
    Retail – Entertainment $ 18,467     $ 16,842     9.6 %
    Retail – Flooring   27,399       32,032     -14.5 %
    Flooring Manufacturing   29,820       34,180     -12.8 %
    Steel Manufacturing   31,321       35,488     -11.7 %
    Corporate & Other   6       84     -92.9 %
    Total Revenue $ 107,013     $ 118,626     -9.8 %
               
      For the three months ended March 31,
        2025       2024     % Change
    Operating Income (loss)          
    Retail – Entertainment $ 2,498     $ 1,784     40.0 %
    Retail – Flooring   (2,741 )     (3,023 )   9.3 %
    Flooring Manufacturing   1,483       1,978     -25.0 %
    Steel Manufacturing   2,196       872     151.8 %
    Corporate & Other   (1,344 )     (2,449 )   45.2 %
    Total Operating Income $ 2,092     $ (838 )   N/A
               
      For the three months ended March 31,
        2025       2024     % Change
    Adjusted EBITDA¹          
    Retail – Entertainment $ 2,755     $ 2,153     28.0 %
    Retail – Flooring   (1,778 )     (1,849 )   3.8 %
    Flooring Manufacturing   2,272       2,897     -21.6 %
    Steel Manufacturing   3,742       2,331     60.5 %
    Corporate & Other   (545 )     (1,075 )   49.3 %
    Total Adjusted EBITDA¹ $ 6,446     $ 4,457     44.6 %
               
    Adjusted EBITDA¹ as a percentage of revenue          
    Retail – Entertainment   14.9 %     12.8 %    
    Retail – Flooring   -6.5 %     -5.8 %    
    Flooring Manufacturing   7.6 %     8.5 %    
    Steel Manufacturing   11.9 %     6.6 %    
    Corporate & Other N/A   N/A    
    Total Adjusted EBITDA¹   6.0 %     3.8 %    
    as a percentage of revenue          
               

    Retail – Entertainment

    The Retail-Entertainment segment revenue for the quarter ended March 31, 2025 was approximately $18.5 million, an increase of approximately $1.6 million, or 9.6%, compared to prior year period revenue of approximately $16.8 million. Revenue increased primarily due to changes in product mix toward new products, which generally have higher selling prices. Gross margin increased to 59.1% for the quarter ended March 31, 2025, compared to 58.4% for the prior year period. The change in product mix contributed to the increase in gross margin. Operating income for the quarter ended March 31, 2025 was approximately $2.5 million, compared to operating income of approximately $1.8 million for the prior year period.

    Retail – Flooring

    The Retail-Flooring segment revenue for the quarter ended March 31, 2025 was approximately $27.4 million, a decrease of approximately $4.6 million, or 14.5%, compared to the prior year period revenue of approximately $32.0 million. The decrease in revenue was primarily attributable to the disposition of certain Johnson Floor & Home Carpet One stores in May 2024. Gross margin for the quarter ended March 31, 2025 was 34.4%, compared to 36.5% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the quarter ended March 31, 2025 was approximately $2.7 million, compared to an operating loss of approximately $3.0 million for the prior year period.

    Flooring Manufacturing

    The Flooring Manufacturing segment revenue for the quarter ended March 31, 2025 was approximately $29.8 million, a decrease of approximately $4.4 million, or 12.8%, compared to prior year period revenue of approximately $34.2 million. The decrease in revenue was primarily due to reduced consumer demand, as a result of the ongoing weakness in the housing market and uncertainty about the current economic outlook. Gross margin was 27.5% for the quarter ended March 31, 2025, compared to 25.6% for the prior year period. The increase in gross margin was primarily due to changes in product mix. Operating income for the quarter ended March 31, 2025 was approximately $1.5 million, compared to approximately $2.0 million in the prior year period.

    Steel Manufacturing

    The Steel Manufacturing segment revenue for the quarter ended March 31, 2025 was approximately $31.3 million, a decrease of approximately $4.2 million, or 11.7%, compared to prior year period revenue of approximately $35.5 million. The decline was primarily driven by lower sales volumes at certain business units, partially offset by incremental revenue of $3.8 million at Central Steel Fabricators, LLC (“Central Steel”), which was acquired in May 2024. Gross margin was 21.2% for the quarter ended March 31, 2025, compared to 14.3% for the prior year period. The increase in gross margin was primarily due to strategic price increases as well as the acquisition of Central Steel. Operating income for the quarter ended March 31, 2025 was approximately $2.2 million, compared to approximately $0.9 million in the prior year period.

    Corporate and Other

    The Corporate and Other segment operating loss was approximately $1.3 million and $2.4 million for the quarters ended March 31, 2025 and 2024, respectively.

    Six Months FY 2025 Financial Summary (in thousands except per share amounts)
      For the six months ended March 31,
        2025     2024     % Change
    Revenue $ 218,521   $ 236,219     -7.5 %
    Operating income $ 2,854   $ 2,703     5.6 %
    Income (loss) before provision for income taxes $ 21,676   $ (5,404 )   N/A
    Net income (loss) $ 16,358   $ (3,963 )   N/A
    Diluted earnings (loss) per share $ 5.20   $ (1.25 )   N/A
    Adjusted EBITDA¹ $ 12,191   $ 13,153     -7.3 %
                       

    Revenue decreased approximately $17.7 million, or 7.5%, to approximately $218.5 million for the six months ended March 31, 2025, compared to revenue of approximately $236.2 million in the prior year period. The decrease is attributable to the Flooring Manufacturing, Retail-Flooring, and Steel Manufacturing segments, which decreased by approximately $20.0 million in the aggregate.

    Operating income increased approximately 5.6% to approximately $2.9 million for the six months ended March 31, 2025, compared with operating income of approximately $2.7 million in the prior year period. The increase in operating income is primarily attributable to lower sales and marketing expenses in the Retail-Flooring segment and lower general and administrative expenses in the Corporate and Other segment.

    For the six months ended March 31, 2025, income before provision for income taxes was approximately $21.7 million, compared with a loss before benefit from income taxes of approximately $5.4 million. The increase in income before provision for income taxes is primarily attributable to the $22.8 million gain on the modification of the Flooring Liquidators seller note and the $2.8 million gain on the settlement of the earnout liability related to the Precision Metal Works, Inc. (“PMW”) acquisition and a $0.7 million gain on the settlement of the PMW seller notes, both in the first quarter of fiscal year 2025.

    Adjusted EBITDA¹ for the six months ended March 31, 2025 was approximately $12.2 million, a decrease of approximately $1.0 million, or 7.3%, compared to the prior year period Adjusted EBITDA of $13.2 million. The decrease in adjusted EBITDA is primarily due to a decrease in gross profit.

    Six Months FY 2025 Segment Results (in thousands)

      For the six months ended March 31,
        2025       2024     % Change
    Revenue          
    Retail – Entertainment $ 39,740     $ 37,428     6.2 %
    Retail – Flooring   59,146       66,351     -10.9 %
    Flooring Manufacturing   55,815       63,425     -12.0 %
    Steel Manufacturing   63,757       68,841     -7.4 %
    Corporate & Other   63       174     -63.8 %
    Total Revenue $ 218,521     $ 236,219     -7.5 %
               
      For the six months ended March 31,
        2025       2024     % Change
    Operating Income (loss)          
    Retail – Entertainment $ 5,905     $ 4,973     18.7 %
    Retail – Flooring   (4,914 )     (2,935 )   -67.4 %
    Flooring Manufacturing   1,401       2,923     -52.1 %
    Steel Manufacturing   3,362       1,855     81.2 %
    Corporate & Other   (2,900 )     (4,113 )   29.5 %
    Total Operating Income $ 2,854     $ 2,703     5.6 %
               
      For the six months ended March 31,
        2025       2024     % Change
    Adjusted EBITDA¹          
    Retail – Entertainment $ 6,565     $ 5,867     11.9 %
    Retail – Flooring   (2,749 )     (546 )   N/A
    Flooring Manufacturing   3,023       4,774     -36.7 %
    Steel Manufacturing   6,543       5,133     27.5 %
    Corporate & Other   (1,191 )     (2,075 )   42.6 %
    Total Adjusted EBITDA¹ $ 12,191     $ 13,153     -7.3 %
               
    Adjusted EBITDA¹ as a percentage of revenue          
    Retail – Entertainment   16.5 %     15.7 %    
    Retail – Flooring   -4.6 %     -0.8 %    
    Flooring Manufacturing   5.4 %     7.5 %    
    Steel Manufacturing   10.3 %     7.5 %    
    Corporate & Other N/A   N/A    
    Total Adjusted EBITDA¹   5.6 %     5.6 %    
    as a percentage of revenue          
               

    Retail – Entertainment

    The Retail-Entertainment segment revenue for the six months ended March 31, 2025 was approximately $39.7 million, an increase of approximately $2.3 million, or 6.2%, compared to prior year period revenue of approximately $37.4 million. Revenue increased primarily due to changes in product mix toward new products, which generally have higher selling prices. Gross margin increased to 57.8% for the six months ended March 31, 2025, compared to 57.1% for the prior year period. The change in product mix contributed to the increase in gross margin. Operating income for the six months ended March 31, 2025 was approximately $5.9 million, compared to operating income of approximately $5.0 million for the prior year period.

    Retail – Flooring

    The Retail-Flooring segment revenue for the six months ended March 31, 2025 was approximately $59.1 million, a decrease of approximately $7.2 million, or 10.9%, compared to the prior year period revenue of approximately $66.4 million. The decrease was primarily attributable to the disposition of certain Johnson Floor & Home Carpet One stores in May 2024. Gross margin for the six months ended March 31, 2025 was 35.9%, compared to 37.3% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the six months ended March 31, 2025 was approximately $4.9 million, compared to an operating loss of approximately $2.9 million for the prior year period. The increase in operating loss was primarily due to the decrease in revenues and gross margin, partially offset by cost reduction initiatives implemented during the second quarter of fiscal 2025.

    Flooring Manufacturing

    The Flooring Manufacturing segment revenue for the six months ended March 31, 2025 was approximately $55.8 million, a decrease of approximately $7.6 million, or 12.0%, compared to prior year period revenue of approximately $63.4 million. The decrease in revenue was primarily due to reduced consumer demand as a result of the ongoing weakness in the housing market and uncertainty about the current economic outlook. Gross margin was 24.6% for the six months ended March 31, 2025, compared to 23.9% for the prior year period. The increase in gross margin was primarily due to changes in product mix. Operating income for the six months ended March 31, 2025 was approximately $1.4 million, compared to operating income of approximately $2.9 million for the prior year period.

    Steel Manufacturing

    The Steel Manufacturing segment revenue for the six months ended March 31, 2025 was approximately $63.8 million, a decrease of approximately $5.0 million or 7.4%, compared to prior year period revenue of approximately $68.8 million. The decline was primarily driven by lower sales volumes at certain business units partially offset by incremental revenue of $6.9 million at Central Steel, which was acquired in May 2024. Gross margin was 19.7% for the six months ended March 31, 2025, compared to 15.0% for the prior year period. The increase in gross margin was primarily due to strategic price increases, as well as the acquisition of Central Steel. Operating income for the six months ended March 31, 2025 was approximately $3.4 million, compared to operating income of approximately $1.9 million in the prior year period.

    Corporate and Other

    The Corporate and Other segment operating loss was approximately $2.9 million and $4.1 million for the six months ended March 31, 2025 and 2024, respectively.

    Non-GAAP Financial Information

    Adjusted EBITDA

    We evaluate the performance of our operations based on financial measures, such as “Adjusted EBITDA,” which is a non-GAAP financial measure. We define Adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation, amortization, stock-based compensation, and other non-cash or nonrecurring charges. We believe that Adjusted EBITDA is an important indicator of the operational strength and performance of the business, including the business’s ability to fund acquisitions and other capital expenditures and to service its debt. Additionally, this measure is used by management to evaluate operating results and perform analytical comparisons and identify strategies to improve performance. Adjusted EBITDA is also a measure that is customarily used by financial analysts to evaluate a company’s financial performance, subject to certain adjustments. Adjusted EBITDA does not represent cash flows from operations, as defined by generally accepted accounting principles (“GAAP”), should not be construed as an alternative to net income or loss, and is indicative neither of our results of operations, nor of cash flow available to fund our cash needs. It is, however, a measurement that the Company believes is useful to investors in analyzing its operating performance. Accordingly, Adjusted EBITDA should be considered in addition to, but not as a substitute for, net income, cash flow provided by operating activities, and other measures of financial performance prepared in accordance with GAAP. As companies often define non-GAAP financial measures differently, Adjusted EBITDA, as calculated by Live Ventures Incorporated, should not be compared to any similarly titled measures reported by other companies.

    Forward-Looking and Cautionary Statements

    The use of the word “Company” refers to Live Ventures and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. Words such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements are intended to identify forward-looking statements. Live Ventures may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2024. Additionally, new risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. Live Ventures undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

    About Live Ventures Incorporated

    Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector-agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company looks for opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, Chief Executive Officer and strategic investor, joined the Company’s Board of Directors and later refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.

    Contact:
    Live Ventures Incorporated
    Greg Powell, Director of Investor Relations
    725.500.5597
    gpowell@liveventures.com
    www.liveventures.com

    Source: Live Ventures Incorporated

     
    CONSOLIDATED BALANCE SHEETS
    (UNAUDITED)
    (dollars in thousands, except per share amounts)
     
      March 31, 2025   September 30, 2024
      (Unaudited)    
    Assets      
    Cash $ 6,931     $ 4,601  
    Trade receivables, net of allowance for doubtful accounts of $2.1 million at March 31, 2025 and $1.5 million at September 30, 2024   41,205       46,861  
    Inventories, net   122,304       126,350  
    Prepaid expenses and other current assets   3,754       4,123  
    Total current assets   174,194       181,935  
    Property and equipment, net   80,540       82,869  
    Right of use asset – operating leases   53,547       55,701  
    Deposits and other assets   1,557       787  
    Intangible assets, net   22,591       25,103  
    Goodwill   61,152       61,152  
    Total assets $ 393,581     $ 407,547  
    Liabilities and Stockholders’ Equity      
    Liabilities:      
    Accounts payable $ 28,368     $ 31,002  
    Accrued liabilities   31,164       31,740  
    Income taxes payable   211       948  
    Current portion of lease obligations – operating leases   13,203       12,885  
    Current portion of lease obligations – finance leases   553       368  
    Current portion of long-term debt   41,423       43,816  
    Current portion of notes payable related parties   10,070       6,400  
    Current portion of seller notes – related parties   —       2,500  
    Total current liabilities   124,992       129,659  
    Long-term debt, net of current portion   53,687       54,994  
    Lease obligation long term – operating leases   44,942       50,111  
    Lease obligation long term – finance leases   42,236       41,677  
    Notes payable related parties, net of current portion   6,894       4,934  
    Seller notes – related parties   18,143       40,361  
    Deferred tax liability   10,607       6,267  
    Other non-current obligations   3,149       6,655  
    Total liabilities   304,650       334,658  
    Commitments and contingencies      
    Stockholders’ equity:      
    Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at March 31, 2025 and September 30, 2024, with a liquidation preference of $0.30 per share outstanding   —       —  
    Common stock, $0.001 par value, 10,000,000 shares authorized, 3,084,351 and 3,131,360 shares issued and outstanding at March 31, 2025 and September 30, 2024, respectively   2       2  
    Paid in capital   69,792       69,692  
    Treasury stock common 741,696 and 694,687 shares as of March 31, 2025 and September 30, 2024, respectively   (9,488 )     (9,072 )
    Treasury stock Series E preferred 80,000 shares as of March 31, 2025 and September 30, 2024   (7 )     (7 )
    Retained earnings   28,632       12,274  
    Total stockholders’ equity   88,931       72,889  
    Total liabilities and stockholders’ equity $ 393,581     $ 407,547  
                   
     
    LIVE VENTURES, INCORPORATED
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (dollars in thousands, except per share)
     
      For the Three Months Ended March 31,   For the Six Months Ended March 31,
        2025       2024       2025       2024  
    Revenue $ 107,013     $ 118,626     $ 218,521     $ 236,219  
    Cost of revenue   71,865       83,159       148,011       164,425  
    Gross profit   35,148       35,467       70,510       71,794  
                   
    Operating expenses:              
    General and administrative expenses   28,321       29,824       58,392       57,503  
    Sales and marketing expenses   4,735       6,481       9,264       11,588  
    Total operating expenses   33,056       36,305       67,656       69,091  
    Operating income (loss)   2,092       (838 )     2,854       2,703  
    Other expense:              
    Interest expense, net   (3,933 )     (4,167 )     (8,095 )     (8,330 )
    Gain on extinguishment of debt   —       —       713       —  
    Gain on settlement of earnout liability   —       —       2,840       —  
    Gain on modification of seller note   22,784       —       22,784       —  
    Other income   160       507       580       223  
    Total other income (expense), net   19,011       (3,660 )     18,822       (8,107 )
    Income (loss) before provision for income taxes   21,103       (4,498 )     21,676       (5,404 )
    Provision for (benefit from) income taxes   5,237       (1,217 )     5,318       (1,441 )
    Net income (loss) $ 15,866     $ (3,281 )   $ 16,358     $ (3,963 )
                   
    Income (loss) per share:              
    Basic $ 5.10     $ (1.04 )   $ 5.25     $ (1.25 )
    Diluted $ 5.05     $ (1.04 )   $ 5.20     $ (1.25 )
                   
    Weighted average common shares outstanding:              
    Basic   3,109,362       3,154,771       3,113,864       3,159,180  
    Diluted   3,138,717       3,154,771       3,143,219       3,159,180  
                                   
     
    LIVE VENTURES INCORPORATED
    NON-GAAP MEASURES RECONCILIATION
     
    Adjusted EBITDA

    The following table provides a reconciliation of Net (loss) income to total Adjusted EBITDA¹ for the periods indicated (dollars in thousands):
     
      For the Three Months Ended   For the Six Months Ended
      March 31, 2025   March 31, 2024   March 31, 2025   March 31, 2024
    Net income (loss) $ 15,866     $ (3,281 )   $ 16,358     $ (3,963 )
    Depreciation and amortization   4,401       4,188       8,816       8,483  
    Stock-based compensation   49       50       100       100  
    Interest expense, net   3,933       4,167       8,095       8,330  
    Income tax expense (benefit)   5,237       (1,217 )     5,318       (1,441 )
    Gain on extinguishment of debt   —       —       (713 )     —  
    Gain on modification of seller note   (22,784 )     —       (22,784 )     —  
    Gain on settlement of earnout liability   —       —       (2,840 )     —  
    Acquisition costs   —       468       —       874  
    Debt acquisition costs   —       —       —       183  
    Other non-recurring charges   (256 )     82       (159 )     587  
    Adjusted EBITDA $ 6,446     $ 4,457     $ 12,191     $ 13,153  
     

    1 Adjusted EBITDA is a non-GAAP measure. A reconciliation of the non-GAAP measures is included below.

    The MIL Network –

  • MIL-OSI: Runway Growth Finance Corp. Announces Second Quarter Regular Dividend of $0.33 and $0.02 Supplemental Distribution

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., May 08, 2025 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a second quarter 2025 regular cash distribution of $0.33 per share. In addition, the Board of Directors declared a supplemental dividend of $0.02 per share, for the second quarter of 2025.

    The following shows the key dates of the second quarter 2025 dividend, including the supplemental dividend:

    Declaration Date: May 7, 2025
    Record Date: May 19, 2025
    Payment Date: June 3, 2025

    Runway Growth generally intends to distribute, out of assets legally available for distribution, substantially all of its available earnings, on a quarterly basis, subject to the discretion of the Board of Directors. Any distribution by the Company will depend on the Company’s earnings, financial condition, maintenance of regulated investment company status for income tax purposes, compliance with applicable business development company regulations and such other factors as the Board of Directors may deem relevant from time to time. The Company also maintains an “opt out” dividend reinvestment plan, as amended, for its stockholders. As a result, if the Company declares a distribution, then stockholders who have not opted out of the dividend reinvestment plan will have their cash dividends automatically reinvested in additional shares of the Company’s common stock.

    About Runway Growth Finance Corp.
    Runway Growth is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an established registered investment adviser that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

    Forward-Looking Statements
    Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    IR Contacts:
    Taylor Donahue, Prosek Partners, rway@prosek.com
    Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer, tr@runwaygrowth.com

    The MIL Network –

  • MIL-OSI: GAMCO Investors, Inc. Reports Results for the First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Quarter End AUM of $31.2 billion
    • Operating Margin of 32.4% for the First Quarter
    • First Quarter Earnings of $0.81 per Share versus $0.64 per Share in the First Quarter of 2024
    • $175.4 million in Cash, Cash Equivalents, Seed Capital, and Investments, and No Debt
    • Entered Partnership with Keeley on May 1st of 4 Open-End Funds and ~500 Separately Managed Accounts from Keeley-Teton, Adding Close to $1.0 billion in AUM
    • Opened an office in Zurich, Switzerland

    GREENWICH, Conn., May 08, 2025 (GLOBE NEWSWIRE) — GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) today reported its operating results for the quarter ended March 31, 2025.

    Financial Highlights

    (In thousands, except percentages and per share data)
        Three Months Ended  
        March 31, 2025   December 31, 2024   March 31, 2024  
    U.S. GAAP              
    Revenue   $ 57,328     $ 59,262     $ 56,945    
    Expenses     38,735       42,130       41,597    
    Operating income     18,593       17,132       15,348    
    Non-operating income     1,220       3,452       4,372    
    Net income     18,271       15,269       15,810    
    Diluted earnings per share   $ 0.81     $ 0.64     $ 0.64    
    Operating margin     32.4 %     28.9 %     27.0 %  
                   


    Giving Back to Society – $80 million since IPO

    Since our initial public offering in February 1999, our firm’s combined charitable donations total approximately $80 million, including $48 million through the shareholder designated charitable contribution program. Based on the program created by Warren Buffett at Berkshire Hathaway, our corporate charitable giving is unique in that the recipients of Gabelli’s charitable contributions are chosen directly by our shareholders, rather than by our corporate officers. Since its inception in 2013, Gabelli shareholders have designated charitable gifts to approximately 350 charitable organizations.

    On August 6, 2024, Gabelli’s board of directors authorized the creation of a private foundation, headquartered in Reno, Nevada, to continue our charitable giving program with an initial contribution of $5 million.

    Revenue

    (In thousands) Three Months Ended  
      March 31, 2025   March 31, 2024  
    Investment advisory and incentive fees        
    Funds $ 38,681     $ 37,270    
    Institutional and Private Wealth Management   15,101       15,196    
    SICAV   4       6    
    Total $ 53,786     $ 52,472    
    Distribution fees and other income   3,542       4,473    
    Total revenue $ 57,328     $ 56,945    
             

    The year over year increase in Funds revenues was primarily the result of higher average assets under management. The decrease in Institutional and Private Wealth Management revenues was primarily the result of lower beginning of the quarter equity assets under management, which are generally used to calculate the revenues. The decrease in distribution fees and other income was primarily the result of a decrease in equity mutual funds AUM that pay distribution fees.

    Expenses

    (In thousands) Three Months Ended  
      March 31, 2025   March 31, 2024  
    Compensation $ 26,616     $ 28,554    
    Management fee   2,202       2,191    
    Distribution costs   5,138       5,950    
    Other operating expenses   4,779       4,902    
    Total expenses $ 38,735     $ 41,597    
             
    • The lower compensation expense in the first quarter of 2025 when compared to the prior year quarter reflected $2.8 million of waived compensation partially offset by increased fixed compensation of $0.2 million and increased variable compensation of $0.6 million.

    Operating Margin

    The operating margin, which represents the ratio of operating income to revenue, was 32.4% for the first quarter of 2025 compared with 27.0% for the first quarter of 2024.

    Non-Operating Income

    (In thousands) Three Months Ended  
      March 31, 2025   March 31, 2024  
    Gain/(loss) from investments, net $ (110 )   $ 1,632    
    Interest and dividend income   1,622       3,033    
    Interest expense (a)   (292 )     (293 )  
    Total non-operating income $ 1,220     $ 4,372    
             
    (a) Related to GAAP accounting of finance lease.
             

    Non-operating income decreased $3.2 million for the quarter, reflecting the mark-to-market net loss on our investment portfolio for the quarter and a decrease in interest and dividend income.

    Other Financial Highlights

    The effective income tax rate (“ETR”) for the first quarter of 2025 was 7.8% versus 19.8% for the first quarter of 2024. The ETR for the first quarter of 2025 consisted of the statutory Federal tax rate of 21% offset by a net state income credit rate of 13.2%, relating to the release of an uncertain tax position accrual as a result of a settlement with New York State whereby the Company gave up the right to a refund in exchange for the closing of the audit years 2007-2014.

    Cash, cash equivalents, and investments were $175.4 million with no debt at March 31, 2025.

    Growth Initiatives: Lift-outs, Partnerships, Joint Ventures, New Markets

    • Partnership with Keeley management will enhance our research and portfolio teams for small and mid-cap focused assets

    On May 1, 2025, Gabelli completed partnership with the Keeley family for the management contracts of 4 open-end funds and approximately 500 separately managed accounts from Teton Advisors, LLC, adding close to $1.0 billion of AUM. The current Chicago-based Keeley research, portfolio management, and client service teammates have joined Gabelli and continue to manage and service these AUM. Our history with the Keeley founder, John L. Keeley, Jr., goes back to before the founding of our enterprise from the mid-1960s when John L. Keeley, Jr. and our Executive Chairman were both sell side analysts. Both firms are privileged to continue our shared focus on a client first culture.

    • Opened Zurich office with lift-out of research and sales teammates.

    Assets Under Management

    (In millions) As of  
      March 31, 2025   December 31, 2024   March 31, 2024  
                 
    Mutual Funds $ 7,959     $ 8,078     $ 8,235    
    Closed-end Funds   7,365       7,344       7,313    
    Institutional & PWM (a) (b)   10,182       10,700       11,146    
    SICAV   9       9       9    
    Total Equities   25,515       26,131       26,703    
                 
    100% U.S. Treasury Money Market Fund   5,638       5,552       4,965    
    Institutional & PWM Fixed Income   32       32       32    
    Total Treasuries & Fixed Income   5,670       5,584       4,997    
    Total Assets Under Management $ 31,185     $ 31,715     $ 31,700    
                 
    (a) Includes $206, $242, and $345 of AUM subadvised for Teton Advisors, Inc. at March 31, 2025,  
    December 31, 2024, and March 31, 2024, respectively.  
    (b) Includes $233, $237, and $225 of 100% U.S. Treasury Money Market Fund AUM at March 31, 2025,  
    December 31, 2024, and March 31, 2024, respectively.  
                 

    Assets under management on March 31, 2025 were $31.2 billion, a decrease of 1.6% from the $31.7 billion on December 31, 2024. The quarter’s decrease consisted of net outflows of $0.7 billion, and distributions, net of reinvestments, of $0.1 billion partially offset by net market appreciation of $0.3 billion.

    Mutual Funds

    Assets under management in Mutual Funds on March 31, 2025 were $8.0 billion, a decrease of 1.2% from the $8.1 billion at December 31, 2024. The quarterly change was attributed to:

    • Distributions, net of reinvestment, of $4 million;
    • Net outflows of $199 million; and
    • Net market appreciation of $84 million.

    Closed-end Funds

    Assets under management in Closed-end Funds on March 31, 2025 were $7.4 billion, an increase of 1.4% from the $7.3 billion on December 31, 2024. The quarterly change was comprised of:

    • Distributions, net of reinvestment, of $138 million;
    • Net outflows of $40 million, including the redemption of $37 million of preferred shares, and the repurchase of $11 million of common stock partially offset by the issuance of $8 million preferred shares; and
    • Net market appreciation of $199 million.

    Institutional & PWM

    Assets under management in Institutional & PWM on March 31, 2025 were $10.2 billion, a decrease of 4.7% from the $10.7 billion on December 31, 2024. The quarterly change was due to:

    • Net outflows of $481 million; and
    • Net market depreciation of $37 million.

    SICAV

    Assets under management were $9 million in the GAMCO All Cap Value sleeve and the GAMCO Convertible Securities sleeve on March 31, 2025, unchanged from $9 million at December 31, 2024.

    100% U.S. Treasury Money Market Fund

    Assets under management in our 100% U.S. Treasury Money Market Fund (GABXX) on March 31, 2025 were $5.6 billion unchanged from the $5.6 billion at December 31, 2024.


    The Gabelli Gold Fund – Up 32% For 1    stquarter of 2025

    Portfolio manager Caesar Bryan commented on The Gabelli Gold Fund’s 1st quarter 2025 performance:

    The gold price performed strongly in the first quarter of 2025, building on its gains over the past two years. Gold ended the quarter at $3,124 per ounce for a gain of about $500 per ounce or 19.0%. Gold mining equities returned in excess of 30%, outperforming the gold price by over fifty percent. Until recently, the gold price has appreciated largely due to overseas central bank buying. However, more recently, investors have been adding to their gold holdings. This is evidenced by the rise in ounces of gold held by all the gold bullion ETFs. During the first quarter, gold ETFs added over 5m ounces to 88.0m ounces, which amounts to about $15bn. Unsurprisingly, in a strong quarter for gold stocks, our larger holdings were the top contributors to performance. The biggest contributor was Agnico Eagle, our largest holding, which appreciated by 39.1% and added 3.5% to performance. Other leading contributors were Newmont, Kinross, and Alamos. In terms of stock price performance, some of our smaller producers and development companies dominated. In this environment, gold should perform well and gold equities, that are over twenty five percent lower than their 2011 high, offer an opportunity for significant capital gains and income.

    Assets Under Administration

    (In millions) As of  
      March 31, 2025   December 31, 2024   March 31, 2024  
                 
    Teton-Keeley Funds (a) $ 750     $ 809     $ 952    
    SICAV   401       408       580    
    Total Assets Under Administration $ 1,151     $ 1,217     $ 1,532    
                 
    (a) Includes $206, $242 and $345 of AUM subadvised for Teton Advisors, Inc. at  
    March 31, 2025, December 31, 2024 and March 31, 2024, respectively.  
                 

    AUA on March 31, 2025 were $1.2 billion, unchanged from the $1.2 billion at December 31, 2024.

    Return to Shareholders

    During the first quarter of 2025, Gabelli returned $14.1 million to shareholders in the form of the repurchase of 499,710 shares for $12.3 million at an average investment of $24.27 per share and a regular quarterly dividend of $0.08 per share totaling $1.8 million. From April 1, 2025 to May 7, 2025, the Company has repurchased 19,213 shares at an average price of $20.90 per share for an aggregate purchase price of approximately $0.4 million.

    On May 7, 2025, Gabelli’s board of directors declared a regular quarterly dividend of $0.08 per share, which is payable on June 24, 2025 to class A and class B shareholders of record on June 10, 2025.

    Balance Sheet Information        

    As of March 31, 2025, cash, cash equivalents, and U.S Treasury Bills were $103.5 million and investments were $71.9 million, compared with cash, cash equivalents, and U.S. Treasury Bills of $116.5 million and investments of $66.3 million as of December 31, 2024. As of March 31, 2025, stockholders’ equity was $141.6 million compared to $137.3 million as of December 31, 2024. The increase in stockholders’ equity resulted from $18.3 million in net income offset partially by the payment of $1.8 million in dividends and $12.3 million of stock buybacks.

    Symposiums/Conferences

    • On February 27th, we hosted our 35th Annual Pump, Valve & Water Systems Symposium. The symposium focused on themes crucial to this industry, including infrastructure spending, resource security, conservation, and M&A.
    • On March 20th, we hosted our 16th Annual Specialty Chemicals Symposium. The symposium featured presentations from senior management of leading specialty chemicals companies, with a focus on pricing power, margin recovery, interest rates, destocking, global supply chain, global demand trends, and the M&A environment.
    • On May 2nd, GAMCO hosted its 19th annual Omaha Research Trip in conjunction with the Berkshire Hathaway Annual Meeting. This Value Investor Conference attracted a record number of participants with Gabelli portfolio managers anchoring panels with noted Berkshire experts and regional CEOs.

    We are hosting the following symposiums and conferences in 2025:


    About Gabelli

    Gabelli (OTCQX: GAMI), established in 1977 and incorporated under the laws of Delaware, is a widely-recognized provider of investment advisory services to 24 open-end funds, 13 United States closed-end funds and one United Kingdom limited investment company, 5 actively managed exchange traded funds, one société d’investissement à capital variable, and approximately 1,400 institutional and private wealth management investors principally in the U.S. The Company’s revenues are based primarily on the levels of assets under management and fees associated with the various investment products.

    In 1977, Gabelli launched its well-known All Cap Value equity strategy, Gabelli Value, in a separate account format and in 1986 entered the mutual fund business. Today, Gabelli offers a diverse set of client solutions across asset classes (e.g. Equities, Debt Instruments, Convertibles, non-market correlated Merger Arbitrage), regions, market capitalizations, sectors (e.g. Gold, Utilities) and investment styles (e.g. Value, Growth). Gabelli serves a broad client base, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

    Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that may cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, and a general downturn in the economy that negatively impacts our operations. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Annual Report and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

    Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800 GABELLI or visit www.gabelli.com
    Fitch rating drivers include: credit quality, interest rate risk, liquid assets, maturity profiles, and the capabilities of the investment advisor

    Money Market Fund

    Investment in the fund is neither guaranteed nor insured by the Federal Deposit Insurance Corporation or any government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. You could lose money by investing in the fund.

    Gold

    Investments related to gold and other precious metals and minerals are considered speculative and are affected by a variety of worldwide economic, financial, and political factors. Investing in foreign securities involves risks not ordinarily associated with investment in domestic issues. Funds concentrating in specific sectors may experience greater fluctuations in value than funds that are more diversified. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.

    As of March 31, 2025, GAMI and affiliates owned less than one percent of all stocks mentioned in the Gold Fund.

    Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. When shares are redeemed, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end.

    GAMCO Investors, Inc. and Subsidiaries  
    Condensed Consolidated Statements of Operations (Unaudited)  
    (in thousands, except per share data)  
      Three Months Ended  
      March 31, 2025   December 31, 2024   March 31, 2024  
    Revenue:            
    Investment advisory and incentive fees $ 53,786     $ 55,502     $ 52,472    
    Distribution fees and other income   3,542       3,760       4,473    
    Total revenue   57,328       59,262       56,945    
    Expenses:            
    Compensation   26,616       28,839       28,554    
    Management fee   2,202       2,287       2,191    
    Distribution costs   5,138       5,634       5,950    
    Other operating expenses   4,779       5,370       4,902    
    Total expenses   38,735       42,130       41,597    
    Operating income   18,593       17,132       15,348    
    Non-operating income:            
    Gain/(loss) from investments, net   (110 )     644       1,632    
    Interest and dividend income   1,622       3,090       3,033    
    Interest expense   (292 )     (282 )     (293 )  
    Total non-operating income   1,220       3,452       4,372    
    Income before provision for income taxes   19,813       20,584       19,720    
    Provision for income taxes   1,542       5,315       3,910    
    Net income $ 18,271     $ 15,269     $ 15,810    
                 
    Earnings per share attributable to common            
    stockholders:            
    Basic $ 0.81     $ 0.64     $ 0.64    
    Diluted $ 0.81     $ 0.64     $ 0.64    
                 
    Weighted average shares outstanding:            
    Basic   22,632       23,971       24,808    
    Diluted   22,632       23,971       24,808    
                 
    Shares outstanding   22,431       22,930       24,585    
                 
    GAMCO Investors, Inc. and Subsidiaries  
    Condensed Consolidated Statements of Financial Condition (Unaudited)  
    (in thousands)  
         
      March 31,   December 31,   March 31,  
        2025       2024       2024    
    Assets            
    Cash and cash equivalents $ 53,596     $ 17,254     $ 65,467    
    Short-term investments in U.S. Treasury Bills   49,900       99,216       99,073    
    Investments in securities   43,117       36,855       30,351    
    Seed capital investments   28,772       29,452       26,184    
    Receivable from brokers   3,030       3,103       1,111    
    Other receivables   20,062       21,246       23,576    
    Deferred tax asset and income tax receivable   9,420       8,042       8,384    
    Other assets   10,207       9,509       9,614    
    Total assets $ 218,104     $ 224,677     $ 263,760    
                 
    Liabilities and stockholders’ equity            
    Income taxes payable $ 9,902     $ 193     $ 3,464    
    Compensation payable   26,915       40,633       25,100    
    Accrued expenses and other liabilities   39,713       46,546       45,910    
    Total liabilities   76,530       87,372       74,474    
                 
    Stockholders’ equity   141,574       137,305       189,286    
    Total liabilities and stockholders’ equity $ 218,104     $ 224,677     $ 263,760    
                 
                 
    GAMCO Investors, Inc. and Subsidiaries   
    Assets Under Management  
    By investment vehicle  
    (in millions)  
      Three Months Ended   % Changed From  
      March 31,   December 31,   March 31,   December 31,   March 31,  
       2025    2024    2024   2024   2024  
    Equities:                    
    Mutual Funds                    
    Beginning of period assets $ 8,078     $ 8,440     $ 7,973            
    Inflows   190       211       176            
    Outflows   (389 )     (420 )     (432 )          
    Net inflows (outflows)   (199 )     (209 )     (256 )          
    Market appreciation (depreciation)   84       (126 )     523            
    Fund distributions, net of reinvestment   (4 )     (27 )     (5 )          
    Total increase (decrease)   (119 )     (362 )     262            
    Assets under management, end of period $ 7,959     $ 8,078     $ 8,235     -1.5 %   -3.4 %  
    Percentage of total assets under management   25.5 %     25.5 %     26.0 %          
    Average assets under management $ 8,176     $ 8,447     $ 7,965     -3.2 %   2.6 %  
                         
    Closed-end Funds                    
    Beginning of period assets $ 7,344     $ 7,459     $ 7,097            
    Inflows   8       212       41            
    Outflows   (48 )     (43 )     (103 )          
    Net inflows (outflows)   (40 )     169       (62 )          
    Market appreciation (depreciation)   199       (155 )     404            
    Fund distributions, net of reinvestment   (138 )     (129 )     (126 )          
    Total increase (decrease)   21       (115 )     216            
    Assets under management, end of period   7,365     $ 7,344     $ 7,313     0.3 %   0.7 %  
    Percentage of total assets under management   23.6 %     23.2 %     23.1 %          
    Average assets under management $ 7,505     $ 7,610     $ 7,060     -1.4 %   6.3 %  
                         
    Institutional & PWM                    
    Beginning of period assets $ 10,700     $ 10,984     $ 10,738            
    Inflows   120       62       66            
    Outflows   (601 )     (407 )     (428 )          
    Net inflows (outflows)   (481 )     (345 )     (362 )          
    Market appreciation (depreciation)   (37 )     61       770            
    Total increase (decrease)   (518 )     (284 )     408            
    Assets under management, end of period $ 10,182     $ 10,700     $ 11,146     -4.8 %   -8.6 %  
    Percentage of total assets under management   32.7 %     33.7 %     35.2 %          
    Average assets under management $ 10,772     $ 11,085     $ 10,798     -2.8 %   -0.2 %  
                         
    SICAV                    
    Beginning of period assets $ 9     $ 9     $ 631            
    Inflows   –       –       –            
    Outflows   –       –       (2 )          
    Net inflows (outflows)   –       –       (2 )          
    Market appreciation (depreciation)   –       –       –            
    Reclassification to AUA   –       –       (620 )          
    Total increase (decrease)   –       –       (622 )          
    Assets under management, end of period $ 9     $ 9     $ 9     0.0 %   0.0 %  
    Percentage of total assets under management   0.0 %     0.0 %     0.0 %          
    Average assets under management $ 9     $ 9     $ 10     0.0 %   -10.0 %  
                         
    Total Equities                    
    Beginning of period assets $ 26,131     $ 26,892     $ 26,439            
    Inflows   318       485       283            
    Outflows   (1,038 )     (870 )     (965 )          
    Net inflows (outflows)   (720 )     (385 )     (682 )          
    Market appreciation (depreciation)   246       (220 )     1,697            
    Fund distributions, net of reinvestment   (142 )     (156 )     (131 )          
    Reclassification to AUA   –       –       (620 )          
    Total increase (decrease)   (616 )     (761 )     264            
    Assets under management, end of period $ 25,515     $ 26,131     $ 26,703     -2.4 %   -4.4 %  
    Percentage of total assets under management   81.8 %     82.4 %     84.2 %          
    Average assets under management $ 26,462     $ 27,151     $ 25,833     -2.5 %   2.4 %  
                         
    GAMCO Investors, Inc. and Subsidiaries   
    Assets Under Management  
    By investment vehicle – continued   
    (in millions)  
      Three Months Ended   % Changed From  
      March 31,   December 31,   March 31,   December 31,   March 31,  
       2025    2024    2024   2024   2024  
    Fixed Income:                    
    100% U.S. Treasury fund                    
    Beginning of period assets $ 5,552     $ 5,268     $ 4,615            
    Inflows   1,372       1,656       1,605            
    Outflows   (1,341 )     (1,440 )     (1,315 )          
    Net inflows (outflows)   31       216       290            
    Market appreciation (depreciation)   55       68       60            
    Total increase (decrease)   86       284       350            
    Assets under management, end of period $ 5,638     $ 5,552     $ 4,965     1.5 %   13.6 %  
    Percentage of total assets under management   18.1 %     17.5 %     15.7 %          
    Average assets under management $ 5,552     $ 5,415     $ 4,832     2.5 %   14.9 %  
                         
    Institutional & PWM Fixed Income                    
    Beginning of period assets $ 32     $ 32     $ 32            
    Inflows   –       –       –            
    Outflows   –       –       –            
    Net inflows (outflows)   –       –       –            
    Market appreciation (depreciation)   –       –       –            
    Total increase (decrease)   –       –       –            
    Assets under management, end of period $ 32     $ 32     $ 32     0.0 %   0.0 %  
    Percentage of total assets under management   0.1 %     0.1 %     0.1 %          
    Average assets under management $ 32     $ 32     $ 32     0.0 %   0.0 %  
                         
    Total Treasuries & Fixed Income                    
    Beginning of period assets $ 5,584     $ 5,300     $ 4,647            
    Inflows   1,372       1,656       1,605            
    Outflows   (1,341 )     (1,440 )     (1,315 )          
    Net inflows (outflows)   31       216       290            
    Market appreciation (depreciation)   55       68       60            
    Total increase (decrease)   86       284       350            
    Assets under management, end of period $ 5,670     $ 5,584     $ 4,997     1.5 %   13.5 %  
    Percentage of total assets under management   18.2 %     17.6 %     15.8 %          
    Average assets under management $ 5,584     $ 5,447     $ 4,864     2.5 %   14.8 %  
                         
    Total AUM                    
    Beginning of period assets $ 31,715     $ 32,192     $ 31,086            
    Inflows   1,690       2,141       1,888            
    Outflows   (2,379 )     (2,310 )     (2,280 )          
    Net inflows (outflows)   (689 )     (169 )     (392 )          
    Market appreciation (depreciation)   301       (152 )     1,757            
    Fund distributions, net of reinvestment   (142 )     (156 )     (131 )          
    Reclassification to AUA   –       –       (620 )          
    Total increase (decrease)   (530 )     (477 )     614            
    Assets under management, end of period $ 31,185     $ 31,715     $ 31,700     -1.7 %   -1.6 %  
    Average assets under management $ 32,046     $ 32,598     $ 30,697     -1.7 %   4.4 %  
                         
       
    Contact: Kieran Caterina
      Chief Accounting Officer
      (914) 921-5149
       
      For further information please visit
      www.gabelli.com
       

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fdf70333-2c19-43f2-ac7e-f41e523355c5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/14973722-0885-4fca-8e88-5fad950be53c

    The MIL Network –

  • MIL-OSI: International companies to host live webcasts at Deutsche Bank’s Depositary Receipts Virtual Investor Conference on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States.

    Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies.

    There is no fee for participants to log in, attend live presentations and/or ask questions.

    Pre-registration is suggested. Please register here: www.adr.db.com/dbvic

    Conference Agenda May 15th, 2025 (US Eastern Standard Time):

    • 8:00 AM: Bavarian Nordic A/S (Nasdaq Copenhagen: BAVA, OTC: BVNRY)  
    • 8:30 AM: Viomi Technology Co., Ltd (NASDAQ: VIOT)
    • 9:00 AM: Infineon Technologies AG (Xetra: IFX, OTC: IFNNY)
    • 9:30 AM: Clicks Group Ltd (JSE: CLS, OTC: CLCGY)
    • 10:00 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
    • 10:30 AM: HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, and HKEX:13)
    • 11:00 AM: 51Talk Online Education Group (NYSE American: COE)
    • 11:30 AM: Yiren Digital Ltd. (NYSE: YRD)
    • 12:00 PM: ABB Ltd. (SIX: ABBN, OTC: ABBNY)
    • 12:30 PM: Belite Bio, Inc  (NASDAQ: BLTE)
    • 13:00 PM: Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY)
    • 13:30 PM: International Airlines Group (LSE: IAG, MAD: IAG, OTC: ICAGY)
    • 14:00 PM: BDO Unibank, Inc (PSE: BDO, OTC: BDOUY)
    • 14:30 PM: iHuman Inc. (NYSE: IH)

    The presentations will be available for replay after the conference.

    In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

    For further information, please contact:
    Dylan Riddle
    Deutsche Bank AG
    Press & Media Relations
    Tel. +12122504982
    Cell. +1(904)3866481
    Email dylan.riddle@db.com

    Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

    Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference.

    The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”) on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.

    The MIL Network –

  • MIL-OSI Banking: Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations

    Source: Reserve Bank of India

    RBI/2025-26/35
    FMRD.FMD.No.01/14.01.006/2025-26

    May 08, 2025

    To,

    All Authorised Persons

    Madam/Sir,

    Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations

    Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time; and the Master Direction – Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 dated January 07, 2025 [hereinafter, ‘Master Direction’].

    2. At present, investments by Foreign Portfolio Investors (FPIs) in corporate debt securities through the General Route are subject to the short-term investment limit and the concentration limit as prescribed in paragraphs 4.4(iii) and 4.4(v) of the Master Direction, respectively. On a review, and with a view to providing greater ease of investment to FPIs, it has been decided to withdraw the requirement for investments by FPIs in corporate debt securities to comply with the short-term investment limit and the concentration limit.

    3. The directions in this circular are issued with immediate effect.

    4. The updated Master Direction is enclosed herewith.

    5. AD Category-I banks may bring the contents of these directions to the notice of their constituents.

    6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) without prejudice to permissions/approval, if any, required under any other law.

    Yours faithfully

    (Dimple Bhandia)
    Chief General Manager

    MIL OSI Global Banks –

  • MIL-OSI: Advancements In Drone Technology Opening Up New Applications as Market Size Estimated to Reach $57 Billion by 2028

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Drone services are progressively replacing legacy services in the commercial sector, such as aerial surveys, filmography, and search and rescue operations. They offer the advantages of prolonged operation, remote control by human operators, or autonomous functioning by onboard computers. The increasing adoption of drone services across various civil and commercial applications can be attributed to their extended endurance and cost-effectiveness. Furthermore, the integration of advanced technologies like artificial intelligence, IoT (Internet of Things), and cloud computing into drone services is expected to further boost their demand across various sectors. A report from MarketsAndMarkets said that the Global Drone Services Market Size is estimated to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7% during the forecast period. The report continued: “The drone market size continues to expand as the drone services industry evolves, offering a diverse range of services for both remotely controlled and autonomously flown drones. This industry integrates software-controlled flight plans into drones’ embedded systems, making it a critical component in sectors like agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure. The demand for these services, which includes tasks such as search and rescue, package delivery, industrial inspections, imaging, and healthcare supply distribution to remote areas, significantly contributes to the growing drone market size.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Teledyne Technologies Incorporated (NYSE: TDY), ParaZero Technologies Ltd. (NASDAQ: PRZO), Safe Pro Group Inc. (NASDAQ: SPAI), Unusual Machines, Inc. (NYSE American: UMAC).

    MarketsAndMarkets added: “In terms of market segmentation, drone services are categorized by the type of service provided, including platform services (further divided into flight piloting and operation, data analysis, and data processing), maintenance, repair, and operations (MRO), and simulation and training. The application-based segmentation encompasses inspection and monitoring, mapping and surveying, spraying and seeding, filming and photography, transport and delivery, as well as security, search, and rescue. The industry-based segmentation covers a wide spectrum of sectors, including construction and infrastructure, agriculture, utility, oil & gas, mining, defense and law enforcement, media and entertainment, scientific research, insurance, aviation, marine, healthcare and social assistance, and transportation, logistics, and warehousing. These industries rely heavily on drones for functions like inspection, monitoring, and photography, further driving the drone market size.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Tests Proprietary Camera Enabling IQ Nano Drone Swarms for US Defense Applications and Blue UAS Submission – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that its subsidiary ZenaDrone is testing a new proprietary specialized camera that enables more efficient indoor applications such as inventory and security management, when utilizing IQ Nano drone swarms for commercial and US defense applications. The new camera prototype developed by its Taiwan component manufacturing subsidiary, Spider Vision Sensors, in collaboration with its certified electronics manufacturing partner, Suntek Global, will enable faster and more precise collection of data including multiple bar codes simultaneously scanned by multiple drones in a drone swarm. The company plans to apply for Blue UAS (Unmanned Aerial Systems) certification that lists and validates drones for military and government use.

    “Our Spider Vision Sensors subsidiary in collaboration with Suntek Global, has helped us speed up development of customized and specialized cameras required for our innovative drone swarm applications for commercial and defense customers. This partnership will continue to be invaluable as we develop our NDAA-compliant supply chain and received Blue UAS certification which will allow military and federal agencies to directly purchase our drones.,” said CEO Shaun Passley, Ph.D.

    Military and Defense departments use small autonomous indoor drones like the 10X10 inch IQ Nano for various applications such as inventory management, indoor building reconnaissance, search and rescue, training simulations, and explosives detection. ZenaDrone is also engaged in a paid trial which includes developing drone swarm applications for inventory management and security applications with a multinational auto parts manufacturer customer.

    A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms enhance efficiency, accuracy, automation, and performance compared to a single drone. Autonomous drones can rapidly scan thousands of bar codes or RFID tags per second with high accuracy, providing real-time visibility into inventory without disrupting workflows. A drone swarm can also cover more ground simultaneously, dramatically reducing inventory audit times and manual labour while providing near-total inventory visibility.

    An AI drone swarm for indoor security and surveillance enhances coverage, response time, and efficiency by autonomously patrolling large areas, detecting threats, and providing real-time situational awareness. Unlike stationary cameras or human patrols, drone swarms can dynamically adapt to security breaches, track intruders, and coordinate movements to eliminate blind spots. AI-driven analytics enable them to identify anomalies, recognize faces, and detect unauthorized activity with high precision, reducing false alarms and improving security decision-making. Their autonomous nature minimizes human labor costs while ensuring 24/7 monitoring in complex environments like warehouses, data centers, or commercial facilities.

    The ZenaDrone IQ Nano is available in 10×10 and 20×20-inch sizes, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse, distribution, or plant facility. It is designed for autonomous use featuring integrated sensors, high-quality cameras, data collection and analysis including AI methodologies. Weighing 1.5kg and with a flight time of at least 20 minutes before utilizing the automatic battery recharging station, it is designed for hovering stability and safety with obstacle avoidance capabilities.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Ireland Office Offering Drone as a Service (DaaS) Including Precision Agriculture to a European Market Growing at 28.6% Annually – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces it will be expanding operations and opening a new, larger office and its European Headquarters in Dublin, Ireland. The new hub will facilitate the Company’s drone sales and DaaS drone services — including precision agriculture solutions — to a growing UK and European market. The Company anticipates the official grand opening during the summer of 2025.

    Strategically located near Dublin Airport and accessible via all major motorways, the new office location will serve a growing customer base in Ireland and enable growth across Europe, catering to agriculture as well as construction, renewable energy — including wind and solar farms — golf courses, racecourses, and warehouse and logistics.

    “Expanding our Dublin office and establishing a European HQ marks a new chapter in our strategy to scale our drones and DaaS offerings globally while servicing the fastest growing agricultural drone markets located in Europe. Our AI-powered drone solutions are designed to boost crop yields while reducing operational costs and provide smart, data-driven insights — empowering crop monitoring and health assessment, nutrient and resource optimization, and profitability,” said CEO Shaun Passley, Ph.D.

    The European agricultural drone market was valued at approximately USD 4.6 billion in 2023 and is projected to reach USD 43.23 billion by 2032, growing at a compound annual growth rate (CAGR) of 28.58% according to Market Data Forecast . This growth is fueled by the adoption of drones for crop spraying, mapping, pest control, seeding, and remote sensing, which enhance productivity and resource efficiency in farming. Growth is also supported by favorable European government policies and a strong focus on sustainable farming practices.    Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY), has recently announced a number of upgrades to its Black Hornet® 4 Personal Reconnaissance System to further boost operational effectiveness for warfighters. The enhanced features are being showcased at the Special Operations Forces (SOF) Week annual conference at the Tampa Convention Center, May 6 to May 8.

    In development over the past year, the series of improvements include a 50% increase in Black Hornet’s radio communications range from two to three kilometers (in optimal conditions). The BH4’s new Android tablet, part of the ground control station, now has up to twice the battery life, plus a battery heater for charging in cold temperatures. The new tablet also features improved ergonomics, making it easier to use while wearing gloves.

    Black Hornet 4 can operate in 25-knot winds and rain, and extensive testing was performed to validate its already rugged endurance capabilities. The drone itself is now IP-52 rated, able to withstand 7.6 mm of rain per hour while in flight, while the ground control station boasts an IP-54 rating.

    Unusual Machines, Inc. (NYSE American: UMAC), a United States based manufacturer and distributor of drone parts recently has successfully closed a confidentially marketed public offering for the sale of 8,000,000 shares of the Company’s Common Stock at the offering price of $5.00 per share (the “Offering”) resulting in gross proceeds of $40 million, before deducting placement agent fees and other offering expenses. The Offering closed on May 7, 2025.

    Allan Evans, the Company’s Chief Executive Officer and other members of the Company’s Board of Directors and all members of the Company’s advisory board purchased shares in the Offering on the same terms as the other investors. “We are overwhelmed by the level of support from everyone involved in the process,” said Allan Evans “This raise is absolutely a case of everyone putting their money behind accelerating American manufacturing for drones”.

    ParaZero Technologies Ltd. (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, recently announced that it has received a new order for dozens of units of its innovative SafeAir™ M4 system. The order was placed by a prominent European drone distributor that serves a wide range of commercial, public safety, and enterprise drone operators across the region.

    The SafeAir™ M4, ParaZero’s next-generation autonomous parachute recovery system, is designed for seamless integration with DJI’s Matrice 4 series. It features a newly developed deployment mechanism with real-time telemetry and is designed and expected to comply with the highest European regulatory standards to enable safe flight in urban areas throughout the EU.

    Safe Pro Group Inc. (NASDAQ: SPAI), a leading provider of artificial intelligence (AI)-driven security solutions, recently announced it has successfully completed multiple demonstrations of its patented Safe Pro Object Threat Detection (SPOTD) technology to various branches of the U.S. Department of Defense. Following these briefings, the Company commenced the integration of its SPOTD technology onto the Win-TAK platform, part of the U.S. Army’s Tactical Assault Kit (TAK) software ecosystem.

    As a result of these successful demonstrations, the Company is accelerating additional development efforts that seek to integrate the Company’s SPOTD technology into the full TAK software ecosystem which includes the U.S. Army’s ATAK (Android Tactical Assault Kit or ATAK) platform. Integration of SPOTD into ATAK is designed to allow detections of small explosive threats instantly identified in drone-based imagery by the Company’s AI technology to be quickly pushed across potentially hundreds of thousands of soldier-carried and vehicle-mounted wireless connected devices widely utilized by the U.S. Armed Forces.

    About FN Media Group:

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

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

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

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: EXL to participate in upcoming investor conferences

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — ExlService Holdings, Inc. (NASDAQ: EXLS), a leading data and AI company, today announced Maurizio Nicolelli, executive vice president, chief financial officer, and John Kristoff, vice president, head investor relations, are expected to participate at the following investor conferences:

    • 20th Annual Needham Technology, Media, & Consumer 1×1 Conference, Monday, May 12, 2025, Virtual
    • TD Cowen 53nd Annual Technology, Media & Telecom Conference, Thursday, May 29, 2025, New York, NY, (presentation at 10:50 AM EDT)
    • Baird 2025 Global Consumer, Technology & Services Conference, Thursday, June 5, 2025, New York, NY (presentation at 2:00 PM EDT)
    • Live audio webcasts of company presentations will available on the events page of EXL’s investor website.

    About ExlService Holdings, Inc.
    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Contacts:
    Investor Relations
    John Kristoff
    +1 212 209 4613
    ir@exlservice.com 

    Media
    Keith Little
    +1 703 598 0980 
    media.relations@exlservice.com 

    The MIL Network –

  • MIL-OSI: Red Cat to Report Q1 2025 Earnings and Provide Corporate Update on Wednesday, May 14, 2025

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, May 08, 2025 (GLOBE NEWSWIRE) — Red Cat (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that financial results for the Q1 2025 period will be reported on Wednesday, May 14, 2025 at the market close.

    Company management will host an earnings conference call at 4:30p.m. ET on Wednesday, May 14, 2025 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can listen to the conference call by dialing 1-844-413-3977 (within the U.S.) or 1-412-317-1803 (international). Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call. Participants can also pre-register for the call using the following link: https://dpregister.com/sreg/10199765/ff2109d7f3

    The conference call will also be available through a live webcast that can be accessed at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=OqffyYp4

    A replay of the webcast will be available until May 28, 2025 and can be accessed through the above link or at www.redcat.red. A telephonic replay will be available until May 28, 2025 by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 2313236. Replay using an international dial-in number can be accessed at: https://services.choruscall.com/ccforms/replay.html

    About Red Cat

    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    Forward Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. Regains Compliance with Nasdaq Listing Rule 5550(b)(1)

    Source: GlobeNewswire (MIL-OSI)

    SOUTH SAN FRANCISCO, Calif., May 08, 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 it has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2.5 million (the “Equity Rule”)

    On May 7, 2025 the Nasdaq Hearings Panel (the “Panel”) notified the Company that following the execution of its private placement of Series D Preferred Stock on 4/21/2025, a partial drawdown from the Company’s Equity Line of Credit, and the closing of a public offering in February 2025, the Panel has determined that the Company now complies with the Equity Rule.

    Chris Ehrlich, CERo Therapeutics CEO added, “We have worked diligently while communicating regularly with the team at Nasdaq in order to arrive at this outcome.  Having achieved compliance, we are now poised to turn all of our efforts toward the progression of our lead program, CER-1236 and to fulfilling our goal of being a successful clinical stage biotechnology company developing immunotherapy for cancer.  We anticipate the achievement of administering the first dose of our Phase 1 clinical trial in the near term, and to providing stakeholders with regular updates on our progress.”

    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 financial position, business strategy and the plans and objectives of management for future operations of CERo and the implementation of its proposed 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 15, 2025, 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: Instant Loans Online Guaranteed Approval Direct Lenders No Credit Check – IOnline Payday Loans

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., May 08, 2025 (GLOBE NEWSWIRE) — Instant loans are short-term loans that are processed and funded rapidly, enabling borrowers to access funds within minutes or hours, offering quick cash loans. This article explores what an instant loan is, how to apply for an instant personal loan online, the advantages and disadvantages of instant loans online guaranteed approval, emergency loans, and how to select the right lender.

    >> Click Here to Apply for No Credit Check Loans >>

    We will specifically highlight the offerings of IOnline Payday, a lender that specializes in instant loans. Topics will include payday loans with instant funding to debit cards in California and loans of up to $5,000 with instant approval.

    >> Click Here to Apply for No Credit Check Loans >>

    What is an Instant Loan Guaranteed Approval?

    An instant loan is a type of loan that can be obtained quickly, often with fast approval, although the term “instant loan” may also refer to the speed of funding, such as instant payday loans guaranteed approval direct lenders. These loans can be utilized for various personal needs and are particularly helpful in urgent financial situations such as emergency loans no credit check.

    >> Click Here to Apply for No Credit Check Loans >>

    Instant loans encompass a wide range of loan types, including payday loans, which must be repaid quickly; personal loans for bad credit, which may not require a credit check; small payday loans; and secured loans, which are backed by collateral.

    This article explores the different types of instant loans, highlighting their benefits and drawbacks.

    How to Get an Instant Loan Online Guaranteed Approval?

    Securing an instant loan online guaranteed approval has become easier than ever, thanks to the emergence and growth of digital lending platforms that simplify the application process and provide faster funding solutions, including best personal loans no credit check.

    Borrowers looking to obtain an instant loan typically start by researching lenders that offer online payday loans and IOnline Payday, ensuring they understand the terms and conditions before applying. The application process for these loans is often quick and requires minimal documentation, making them accessible even to individuals with poor credit who seek personal loans with no credit check.

    After submitting their applications, many lenders provide same-day feedback, allowing borrowers to receive the funds they need—often via direct deposit into their bank accounts—within just a few hours.

    What are the Requirements for an Instant Payday Loan?

    To qualify for an instant loan, applicants must meet several basic requirements, which are generally consistent across most lenders and loan types, including bad credit applicants. Most lenders stipulate that applicants must be at least 18 years old and legal residents of the United States.

    Income verification is essential, as lenders need to assess how borrowers will repay their loans and their repayment ability. While traditional loans consider credit history and scores, many instant loans, particularly payday loans, are designed for individuals with poor credit and often come with flexible terms and guaranteed approval in many cases.

    Here are the basic requirements for instant loans, including $255 payday loans and unsecured personal loans:

    • Age: Most lenders require applicants to be at least 18 years old, as those below this age cannot legally enter into a loan contract.
    • Income: Lenders typically prefer applicants to have a stable income, which is usually verified through paychecks. However, many lenders also accept other forms of income, such as rental income, pension income, and government assistance.
    • Residency: Some lenders may require proof of residency, as they generally prefer borrowers who are established in their communities.
    • Financial Documentation: Providing documentation such as bank statements or pay stubs can increase the likelihood of approval.

    Instant loan options are intentionally inclusive, allowing individuals with below-average credit histories to access the assistance they need, including installment loans. This approach enables even the most financially challenged individuals to receive crucial support.

    Instant Loan Options Offered by IOnline Payday

    IOnline Payday offers a diverse range of instant loan options, including short term loans, enabling borrowers to find the right solution for their financial needs. These options include online payday loans, instant cash loans, and even a $100 loan through an instant app.

    IOnline Payday specializes in providing instant loans in various amounts, from small to large, featuring a simple application process accessible to borrowers with good, fair, or even poor credit.

    Instant Personal Loan Online Guaranteed Approval

    The instant personal loan offered online by IOnline Payday is designed to provide borrowers with quick access to funds for various personal financial needs, whether for emergency expenses or planned purchases and investments.

    These loans typically feature a streamlined application process, ensuring a hassle-free experience and rapid funding upon approval. Available for a wide range of financial purposes, instant personal loans offer borrowers flexible terms and quick solutions.

    The advantages of these loans arise from their easy approval process and straightforward eligibility requirements, which enable many individuals to secure the financial support they need. Most consumers find the requirements manageable and can conveniently apply for their loan online from the comfort of their homes.

    Instant personal loans online usually offer three key benefits:

    • They expedite the funding process, often requiring little to no paperwork.
    • They can be utilized for various needs, such as medical emergencies, home improvements, or debt consolidation.
    • Lenders can provide competitive interest rates tailored to each individual’s financial situation.

    This user-friendly lending model enables borrowers to better manage their expenses and navigate financial challenges.

    Payday Loan Instant Funding to Debit Card in California with Loan Approval

    In California, the option for instant funding of payday loans to debit cards offers residents immediate access to cash, effectively addressing urgent financial needs with convenience and speed. Borrowers can apply online and have funds directly deposited into their debit accounts, ensuring a seamless experience.

    This service is particularly beneficial for individuals facing unexpected expenses, allowing them to manage their finances without prolonged waiting periods.

    Designed with accessibility in mind, this financial service enables individuals, including those from various U.S. states, to navigate their emergencies effortlessly. The straightforward application process allows them to fill out a form in just a few minutes, significantly reducing the barriers often associated with traditional banking loans. Additionally, the approval criteria are typically more lenient, which can help those with less-than-perfect credit scores.

    With instant funding, borrowers can expect to see their funds reflected in their debit accounts within hours, making it an ideal solution for urgent needs such as medical bills, car repairs, or unexpected travel expenses. Many lenders offer 24/7 support, ensuring that assistance is available whenever necessary. Ultimately, this option promotes financial well-being, enabling individuals to quickly regain control over their circumstances.

    Instant Cash Loan with Quick Application

    An instant cash loan is a financial product that provides borrowers with quick access to cash, making it easy to apply for and rapidly funded. This type of unsecured loan is popular in U.S. states for its efficiency. This type of loan is an effective solution for individuals who need immediate financial support, as it can help cover urgent expenses such as medical bills, car repairs, or other unexpected costs. The convenience and speed of obtaining an instant cash loan make it a popular choice for those who struggle to secure traditional financing options.

    The benefits of instant cash loans extend beyond mere convenience; users in London find this especially beneficial; the ability to quickly access funds during a financial crisis offers borrowers a sense of security and relief. Most instant cash loan applications, approvals, and disbursements are conducted online, allowing borrowers to complete the entire process virtually.

    Loan Features and Benefits of Instant Cash Loans:

    • Fast Approval: Most requests are processed instantly, with many lending platforms providing decisions in three minutes or less.
    • Flexible Repayment Options: Lenders offer various repayment plans that allow borrowers to choose a schedule that best fits their financial situation, easing additional stress.
    • No Collateral Required: These loans do not necessitate any assets to be pledged, making them accessible to a wider audience, including those with low credit finance.

    By utilizing these financial products, individuals can address their immediate needs while also taking steps to restore their financial well-being through platforms like CreditNinja.

    $100 Loan Instant App – Powered by IOnline Payday

    The $100 loan instant app offered by IOnline Payday exemplifies a mobile platform that provides small, short-term loans to borrowers in need with minimal complications. Users can complete a quick application directly from their mobile devices, enabling them to access funds whenever necessary. The convenience of instant approval through the app means that funds are often made available almost immediately, helping borrowers cover short-term expenses and manage immediate cash flow needs more effectively.

    This mobile app is designed to streamline the borrowing experience, making it easy and beneficial for those who require financial assistance, including those facing a credit inquiry.

    Its features facilitate a significantly quicker borrowing process compared to traditional lenders, who often impose time-consuming procedures. With the app, users can:

    • Provide their information in just a few minutes
    • Receive real-time notifications regarding their approval status
    • Access funds directly in their bank accounts without any waiting period

    The app not only simplifies the loan acquisition process but also offers crucial support for individuals seeking rapid financial assistance without excessive paperwork. It allows consumers to address urgent expenses quickly and easily, whether related to unexpected medical bills or car repairs. The ability to obtain small loans swiftly has transformed how people handle financial emergencies, providing them with a sense of enablement when facing cash flow issues.

    With the rapid growth of mobile banking, this app demonstrates how technology can deliver essential solutions while prioritizing user convenience and efficiency.

    $5,000 Loan Instant Approval – Offered by IOnline Payday Loans

    The $5,000 loan instant approval option through IOnline Payday enables borrowers to access larger amounts of money for essential expenses without the delays typically associated with traditional lending.

    This type of loan usually features a simplified application process, allowing approved applicants to receive their funds quickly and easily. Flexible terms are often available, enabling borrowers to choose repayment options that best suit their needs.

    Many lenders provide the $5,000 loan instant approval option online, leveraging modern technology to allow applicants to complete the process in minutes rather than days, as is common with traditional banks. One key characteristic of this loan option is its accessibility; obtaining it is generally straightforward. The application process is streamlined, requiring minimal documentation and avoiding lengthy background checks.

    This ease of access can be particularly beneficial for individuals facing unexpected expenses, such as medical bills or home repairs, where immediate access to funds is crucial. Big Buck Loans also offers similar services.

    The quick turnaround time for disbursement helps individuals address urgent financial needs without prolonged stress.
    Overall, the convenience of the $5,000 loan instant approval option aligns well with the fast-paced demands of today’s economy.

    $255 Payday Loan Instant Funding to Debit Card – Provided by IOnline Payday Loans

    The $255 payday loan with instant funding to a debit card is a financial product designed to provide borrowers with quick access to funds that are deposited directly into their debit cards. This feature is particularly beneficial for those facing financial emergencies, such as unexpected medical bills or car repairs. With minimal requirements and immediate availability, this payday loan serves as a rapid source of cash.

    Pros:

    • Speed: Funds are available almost immediately following a brief approval process.
    • Accessibility: It is easy to qualify for, even for individuals without established credit histories.
    • Convenience: Funds are delivered instantly to a debit card, ensuring easy access.

    Cons:

    • High Rates: Lenders often impose higher-than-average fees.
    • Debt Cycle: Frequent reliance on payday loans can lead to a cycle of borrowing that is challenging to escape.

    How Long Does it Take to Get an Instant Loan?

    The time it takes to obtain an instant loan varies depending on the lender and the type of loan. Many online payday loans, however, offer some of the fastest funding options available, including same-day funding. Most borrowers can complete the application in under an hour, and if approved, funds can be made available on the same day.

    Some lenders even provide 1-hour payday loans for situations where borrowers urgently need cash due to unforeseen circumstances. Understanding the processing times for different loan products can help borrowers plan effectively. Generally, the average loan processing time ranges from one to three business days.

    Several factors influence this timeline, including lender policies, the complexity of the application, and the type of loan being sought. Traditional banks typically take longer due to their thorough verification processes, while online lenders often expedite approval timelines to assist borrowers facing emergencies.

    The following are examples of processing times that borrowers should be aware of:

    • Same-Day Loans: Many lenders offer same-day approval and funding, which can be especially valuable for borrowers in emergencies.
    • Expedited Processing: Some lenders allow borrowers to pay an extra fee for faster loan processing.
    • Loan Types: Personal loans and payday loans may have different timelines for availability.

    Being aware of the timing associated with each of these options can help borrowers make informed decisions and select the best loan options to meet their immediate needs.

    What are the Benefits of an Instant Loan?

    Instant loans offer numerous benefits that cater to the diverse needs of borrowers, making them an increasingly popular choice for those seeking quick financial solutions.

    The streamlined application process allows individuals to apply from the comfort of their homes. Unlike traditional loans, which often require extensive paperwork, instant loans typically demand only a few essential documents.

    Additionally, many instant loans come with flexible terms, enabling borrowers to customize repayment options to fit their financial capabilities. Furthermore, these loans often provide no credit check options, making them accessible to a wider range of applicants, including those with poor credit histories.

    Ultimately, instant loans grant borrowers quick access to cash, helping them address emergency financial needs.

    Quick and Easy Application Process

    One of the main advantages of instant loans is the straightforward application process, which makes borrowing easy for those facing emergencies. Unlike traditional loans that often involve extensive paperwork and lengthy approval times, online payday loans enable borrowers to complete a short application form in just a few minutes.

    This efficiency allows applicants to bypass unnecessary steps, resulting in quick funding that addresses urgent financial needs as soon as possible. The user-friendly design of online platforms enhances accessibility, ensuring that borrowers can easily navigate the necessary steps without feeling overwhelmed.

    For individuals who may not have much experience with borrowing, online payday loans feature intuitive interfaces with clear instructions and support options that enhance the user experience and provide transparent fees.

    Several factors contribute to the ability for individuals to receive funds almost instantly, including rapid turnaround times, secure application processes, and flexible repayment options. This timely access to cash reduces stress and enables borrowers to regain their financial stability without prolonged uncertainty.

    No Credit Check Loans Required

    The availability of no credit check loans guaranteed approval offers a significant advantage for many borrowers, particularly those with poor credit who may find it challenging to secure financing through traditional means, including bad credit loans.

    Instant loans, especially payday loans, typically do not require a credit check, making them more accessible to individuals facing urgent financial needs. This feature enables borrowers to obtain the funds they require quickly, without the burden of their credit history affecting their chances of approval.

    This approach not only alleviates financial pressure but also promotes responsible borrowing by providing opportunities to rebuild credit over time. For individuals caught in a cycle of financial instability, these loans can serve as a lifeline, allowing them to address immediate expenses such as medical bills or unexpected car repairs.

    The implications of no credit checks, often seen in payday loans no credit check options, broaden access to essential funds, supporting borrowers in their efforts to regain control over their finances. This practice reduces barriers to entry for individuals who have been denied traditional loans, helps borrowers manage unforeseen economic challenges, and promotes financial inclusion by addressing the needs of underserved populations.

    By facilitating this form of immediate assistance, lenders, including those in the lender network, foster a sense of hope and possibility for those who have previously been marginalized by conventional lending practices.

    Instant Approval and Funding

    Instant loans offer quick approval and funding, making them a preferred choice for borrowers in need of immediate cash compared to traditional lending options and providing a quick online process. Many lenders in the payday loan sector can provide same-day funding as long as the application is approved.

    Whether to cover a medical bill, a car repair, or a broke appliance, the instant availability of funds is often cited as the primary benefit of these loans. For borrowers, particularly those with low incomes and little to no savings, the ability to access funds during a financial crisis is invaluable.

    While many consumer loan providers can deliver funding by the next business day, some lenders can facilitate same-day funding. These include payday lenders, who may disburse funds in cash, via money order, prepaid debit card, or through direct deposit into the borrower’s checking account.

    Rapid approval and funding provide borrowers with the means to handle urgent financial situations, such as medical emergencies, car repairs, overdue bills, and unexpected expenses, all of which can cause significant distress. Research from the Financial Consumer Agency of Canada (FCAC) revealed that 70% of individuals using instant loan services feel less stressed after quickly resolving their financial issues.

    Parents, for instance, can access instant cash loans to manage unexpected expenses related to their children. For example, if a child has an accident while playing and requires immediate medical attention, parents often need to pay for parking and medical bills before they can file an insurance claim, which may involve payday loans online.

    To illustrate the differences between a traditional loan and an instant loan, consider the following scenario: You need $1,500 for a family medical bill and approach your bank, where you have an excellent account history, for a traditional personal loan.

    The Traditional Loan Process: as seen in many financial institutions.

    • You submit a loan application.
    • Approval may take two to three business days, though it could be quicker if you have an existing account with the lender.
    • The lender’s underwriting process may take an additional one to two business days.
    • You receive your funds, which could take another business day, depending on the time of day you applied.

    Total Time for the Traditional Loan Process: 4-6 business days.

    The Instant Cash Loan Process:

    In contrast, the steps and timelines for an instant loan are as follows:

    • You submit a loan application.
    • The lender may approve it within an hour, provided you have accurately filled in all required fields and submitted the necessary documents.
    • Although instant loans are generally for smaller amounts (often a few hundred dollars) or short-term loans with higher interest rates, the lender may take some time to verify your information due to the increased risk of fraud.
    • The lender can transfer the funds electronically to your account or provide them via a prepaid debit card, offering flexible loan terms.

    Total Time for the Instant Cash Loan Process: A few hours.

    In summary, instant loans, including same day feedback options, deliver a significantly faster and more convenient solution for those in urgent financial need compared to traditional loans.

    Flexible Repayment Options, Including Loan Alternatives

    Flexible repayment options are a significant advantage of instant loans, enabling borrowers to customize their repayment plans based on their individual financial situations. Many lenders provide a variety of terms that cater to different budgets and repayment capacities, offering alternatives suitable for both experienced borrowers and those with poor credit.

    Whether choosing short-term repayment schedules or longer installment loans, these flexible terms help ensure that borrowers are not overwhelmed by their obligations, resulting in a more manageable repayment experience.

    The availability of tailored repayment options allows individuals to select plans that align with their income cycles and cash flow patterns. This increased adaptability greatly enhances the financial stability of borrowers by alleviating the stress associated with rigid payment schedules.

    For instance, some lenders may offer the option of bi-weekly payments instead of the standard monthly schedule, which can be more convenient for those who receive paychecks at varying intervals. Others may permit borrowers to choose longer loan terms, resulting in lower monthly payments and increased affordability.

    Ultimately, these diverse loan terms not only accommodate a range of financial situations but also enable borrowers to take control of their repayment processes, leading to improved overall financial well-being.

    What Are the Risks of an Instant Loan for Bad Credit?

    While instant loans offer several advantages, it is crucial for borrowers to understand the associated risks of this type of financing. The most significant risks of instant loans include the fact that their interest rates are often very high, resulting in substantial repayment amounts over time.

    Additionally, the short repayment terms typically associated with payday loans can lead borrowers who are unable to repay their loans quickly into a cycle of debt, which may cause further financial difficulties. By being aware of these risks, individuals can make informed decisions before accepting an instant loan.

    High Interest Rates

    The primary risk associated with instant loans is the potential for high interest rates, which can significantly increase the total amount owed. Many payday loans, designed for quick access to cash, come with very high interest rates that may not be immediately apparent to borrowers.

    As individuals navigate their financial needs, it is crucial for them to understand the implications of these elevated rates in order to avoid the risk of further financial hardship and escalating debt.

    The high interest rates on instant loans typically result from a combination of the lender’s risk assessment and the borrower’s financial situation. Borrowers often seek these loans due to urgent financial needs and limited alternatives, which creates an environment where lenders can impose excessive fees.

    Research indicates that the average annual percentage rate (APR) for payday loans can exceed 400%, dramatically increasing the repayment amount. For instance, a $500 loan at a 400% APR, if paid in full within 30 days, would require a repayment of nearly $750, highlighting the potential for hidden fees.

    Before taking out these loans, borrowers should be aware not only of the short-term benefits but also of the long-term risks associated with accumulating debt. Knowledge and awareness are essential for individuals to make informed decisions for themselves and their families.

    Short Repayment Terms

    Short repayment terms pose a significant risk associated with instant loans, particularly payday loans and their payday borrowing options, which often require repayment within just a few weeks. This limited timeframe can pressure borrowers to quickly gather the necessary funds for repayment, leading to financial strain if they are unable to meet their obligations on time.

    It is essential for anyone considering these borrowing options to fully understand the dangers of short repayment terms and to assess their ability to repay quickly. The urgency of such deadlines can compel borrowers to resort to high-interest financing options or roll over their loans, both of which can result in an inescapable debt spiral.

    To avoid falling into this precarious situation, borrowers can take several prudent steps, including exploring options like online personal loans, to mitigate the challenges posed by short repayment terms.

    • First, they should create a detailed budget that prioritizes monthly expenses, allowing them to plan their spending to ensure sufficient funds for loan repayment.
    • Additionally, exploring repayment options with lenders that offer a gradual repayment plan can be beneficial.
    • Lastly, building an emergency fund by setting aside a small amount each month— even as little as $5— can provide some savings to cover unexpected expenses.

    By taking these steps, borrowers can better manage their repayment schedules and reduce the risks associated with short-term loans.

    Potential for Debt Cycle

    The potential for a debt cycle poses a significant risk associated with instant loans, particularly for borrowers who are not adequately prepared to repay their loans on time. If individuals are unable to repay instant loans promptly, they may resort to taking out new loans to cover their existing debts, leading to a perilous borrowing chain as debts accumulate and financial strain escalates. This is a risk that borrowers must recognize to avoid becoming trapped in a cycle that can be difficult to escape and detrimental to their long-term financial health.

    It is crucial for borrowers to be aware of the signs of a debt cycle, which may include increased reliance on loans for everyday expenses, frequently changing due dates, missed payments, and accumulating late fees. To prevent falling into this trap, individuals should establish a strict budget that accounts for all expenses and repayments, ensuring they never borrow more than they can realistically afford to repay.

    If they are struggling to manage their debts, seeking financial counseling from experts like CreditNinja or David Jones can be beneficial.

    Awareness and proactive measures can help individuals evade the pitfalls of a debt cycle.

    How to Choose the Right Instant Loan Lender for Big Buck Loans?

    Choosing the right instant loan lender for your fund finance needs is a crucial step to ensure you receive the financial assistance you need while minimizing potential risks.

    With many lenders available in the instant loan market, it is vital to evaluate your options by considering several factors, including interest rates, repayment terms, and the lender’s reputation within the lending network.

    Reviewing testimonials and feedback from previous borrowers can provide valuable insights into the lender’s reliability and quality of service, helping you select a lender that best meets your needs.

    Research and Compare Lenders with Low Credit Finance

    Researching and comparing lenders is a crucial step in obtaining an instant loan, especially in cities like London, as it enables borrowers to identify options that best suit their needs. In today’s digital world, numerous tools and resources are available to assist individuals in exploring different lenders and their offerings, such as interest rates, fees, and loan terms. Investing time in research can lead to more favorable loan terms and help borrowers avoid predatory lending practices.

    Understanding the nuances of various lender offerings is essential, especially in the often complex realm of personal finance. Online comparison tools can significantly simplify this process by consolidating key elements from multiple lenders into an easy-to-read format.

    Here are some important points to keep in mind:

    • Exploring Customer Reviews: Past borrowers frequently share their experiences with lenders, and analyzing overall trends in customer satisfaction can provide valuable insight into whether a particular company is worth considering.
    • Checking Licensing and Accreditation: Always ensure that the lender is licensed to operate in your state and verify any relevant accreditations.
    • Analyzing Transparency in Terms: Seek out lenders who are upfront about their fees, terms, and penalties.

    By being as transparent as possible with lenders about their financial situations, consumers can build a more secure future for themselves.

    Read Reviews and Testimonials

    Reading reviews and testimonials is one of the most effective ways to choose an instant loan lender, as it offers insight into the experiences of other borrowers. Numerous online platforms and review sites provide individuals with access to feedback about specific lenders, highlighting their customer service, loan processes, and overall satisfaction. This information is invaluable for potential borrowers to assess a lender’s reputation within the lending network and determine whether they can trust the institution with their financial needs.

    Researching these evaluations not only promotes well-considered choices but also enables those seeking financial assistance to identify lenders that align with their expectations and values. Customer feedback serves as a compass, guiding users through the vast array of options available in the lending landscape. By exploring a diverse range of opinions, individuals can identify trends and patterns, revealing which lenders consistently meet or exceed borrower expectations.

    Consulting multiple sources enhances the reliability of the information gathered, fostering a comprehensive understanding of each lender’s offerings. Suggested methods for gathering reviews include:

    • Visiting reputable review websites
    • Participating in online forums
    • Consulting friends or family for personal experiences

    Leveraging customer testimonials can significantly enrich any borrower’s search for the right lending partner.

    Check for Proper Licensing and Regulations

    Ensuring that the immediate loan lender is credentialed and compliant is one of the most important ways to protect yourself financially. The modern financial landscape offers a multitude of options, and understanding the nuances of lenders requires careful discernment.

    Verifying a lender’s credentials is crucial, as it helps borrowers distinguish between reputable and unscrupulous lenders. Unscrupulous lenders often target individuals who may be financially inexperienced or desperate for quick financing. Engaging with uncredentialed or non-compliant lenders can lead to predatory practices, including exorbitantly high interest rates and abusive fees.

    Borrowers should begin by consulting their state’s licensing board or regulatory financial authority to verify a lender’s credentials. This typically involves one of the following steps:

    • Visiting the website of the relevant state agency, which maintains a list of licensed lenders;
    • Calling the regulatory office to inquire about a specific lender’s credentials;
    • Searching online for consumer reviews or warnings regarding particular lenders.

    If a lender lacks proper credentials and compliance, it is essential to question the reasons behind this.

    Frequently Asked Questions

    What is an instant loan online guaranteed approval?

    An instant loan online guaranteed approval is a type of loan that is approved and disbursed within a short period of time, usually within 24 hours. These loans are guaranteed to be approved as long as the borrower meets the minimum eligibility requirements.

    What is the difference between an instant loan and a traditional loan?

    The main difference between an instant loan and a traditional loan is the time it takes for the loan to be approved and disbursed. Traditional loans can take weeks or even months to be approved and disbursed, while instant loans can be approved and disbursed within 24 hours.

    How do I apply for an instant loan online guaranteed approval?

    To apply for an instant loan online guaranteed approval, you can visit the website of a reputable lender and fill out their application form. You will need to provide some basic personal and financial information and submit any required documents.

    Can I get an instant loan online with bad credit?
    Yes, you can still get an instant loan online with bad credit. Many lenders offer instant loans to individuals with less than perfect credit. However, keep in mind that the interest rates and loan terms may be higher for those with bad credit.

    What is the maximum amount I can borrow with an instant loan online? Can it be processed in 1 hour payday loans?

    The maximum amount you can borrow with an instant loan online varies depending on the lender and your financial situation. Some lenders offer small instant loans, such as $100 loans, while others may offer larger loans up to $5,000.

    How quickly can I receive the funds from an instant loan?

    If you are approved for an instant loan online, the funds will typically be deposited into your bank account within one business day. In some cases, you may be able to receive the funds on the same day if you apply and are approved early in the morning.

    Media Contact:
    Company Name: IOnline Payday Loans
    Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
    Company Website: https://ionlinepaydayloans.com/
    Email: mria@ionlinepaydayloans.com
    Phone: 307-777-7311
    Contact person name: Mria

    Disclaimer: This announcement contains general information about IOnline payday loan services and should not be considered financial advice. Ionline Payday Loans does not guarantee loan approval, and loan terms may vary by applicant and lender requirements. Loans are available to U.S. residents only.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/07213980-370a-491b-a3af-a6643b1d5234

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b1dc704c-5252-4bf5-8efa-3a29dd3eb2de

    The MIL Network –

  • MIL-OSI: MEXC Lists Doodles (DOOD) with 50,000 USDT Worth of DOOD and 50,000 USDT Bonus Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 08, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announces it will list Doodles (DOOD) on May 9, 2025 (UTC). To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 50,000 USDT Worth of DOOD & 50,000 USDT Bonus for new and existing users.

    Doodles is a Web3-native creative brand established in October 2021 by Canadian digital artist Burnt Toast (Scott Martin), alongside Evan Keast and Jordan Castro. The project features a collection of 10,000 unique generative NFT avatars, renowned for their vibrant, pastel-colored designs. Since its inception, Doodles has evolved into a multifaceted entertainment brand, expanding into animation, music, and fashion collaborations. Doodles has also partnered with prominent brands like Adidas, Crocs, and McDonald’s to bridge NFT culture with mainstream audiences.

    In February 2025, Doodles announced the launch of its official token, DOOD, aimed at enhancing community engagement and supporting the decentralized development strategy of Doodles. Following the announcement of the token, Doodles NFT trading volume surged to $16 million in one week, marking the second-highest weekly trading volume in the project’s history. The total supply of DOOD is capped at 10 billion, with no possibility of inflation. As a key element in fostering community interaction and value sharing, DOOD enables token holders to participate in governance, access exclusive content, and contribute to the growth of the Doodles ecosystem.

    To celebrate the listing, MEXC is hosting an Airdrop+ event from May 8, 11:00 to May 18, 11:00, 2025 (UTC), offering a range of rewards and exclusive opportunities:

    Benefit 1: Deposit and share $32,000 USDT in DOOD (New user exclusive)
    Benefit 2: Spot Challenge – Trade to share $10,000 in DOOD (For all users)
    Benefit 3: Futures Challenge – Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 4: Invite new users and share $8,000 in DOOD (For all users)

    MEXC has established itself as an industry leader by consistently providing users with early access to promising projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, the exchange has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, please visit here.

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

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

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

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b631a595-d2ed-4ac7-8d15-5009779b29cd

    The MIL Network –

  • MIL-OSI Security: FBI Announces Nationwide Effort to Arrest Child Sex Abuse Offenders

    Source: Federal Bureau of Investigation (FBI) State Crime News

    The Federal Bureau of Investigation has concluded a national surge of resources to arrest accused child sex abuse offenders and combat child exploitation. In a coordinated effort by all 55 FBI field offices called Operation Restore Justice, 205 people were arrested and 115 children rescued nationwide last week alone.

    The Atlanta Field Office charged nine people as part of this operation. Five in Atlanta, two out of the Augusta resident agency, and two out of the Rome area. The charges for eight of the subjects range from possession of child sexual abuse material to enticement of a minor. One subject was charged with obstruction of justice.

    All defendants are considered innocent unless and until proven guilty.

    “Our commitment is resolute. FBI Atlanta remains steadfast in its mission to safeguard children from those who seek to harm society’s most vulnerable,” said Paul Brown, special agent in charge of FBI Atlanta. “However, let there be no confusion—this week’s operation is just one chapter in a relentless, year-round effort that our dedicated agents are fully invested in. We will continue to leverage every tool and resource at our disposal to track down child predators and ensure they face justice.”

    This initiative, between April 28th and May 1, was a joint effort with federal, state, and local partners to coincide with the end of Child Abuse Prevention Month and highlight the FBI’s ongoing efforts to confront these crimes. Investigating child sex abuse is an ongoing, high-priority mission of the FBI. The FBI’s Violent Crimes Against Children (VCAC) program coordinates and bolsters efforts to counter all threats of abuse and exploitation of children that fall under FBI jurisdiction—including the production, sharing, and possession of child sexual abuse material; domestic or international travel to engage sexually with children; and the extortion of children to provide sexually explicit material of themselves. VCAC also helps to identify, locate, and recover child victims and strengthen partnerships that are critical to prevent abuse and capture offenders.

    The FBI investigates cases through Child Exploitation and Human Trafficking Task Forces (CEHTTFs) located in each field office, allowing the FBI to combine resources with federal, state, and local law enforcement agencies. The FBI also partners with the nonprofit National Center for Missing and Exploited Children (NCMEC), which receives and shares tips about possible child sexual exploitation received through its 24-hour hotline at 1-800-THE-LOST and on missingkids.org.

    In 2004, the FBI created the Endangered Child Alert Program (ECAP) to identify individuals involved in the sexual abuse of children and the production of child sexual abuse material. The program is a collaborative effort between the FBI and the NMCEC.

    MIL Security OSI –

  • MIL-OSI Security: FBI Richmond Arrests Three Alleged Child Predators in Support of Nationwide Operation

    Source: Federal Bureau of Investigation FBI Crime News (b)

    RICHMOND—The Federal Bureau of Investigation has concluded a national surge of resources to arrest alleged child sexual abuse offenders and combat child exploitation. In a coordinated effort from April 28th to May 1st, all 55 FBI field offices participated in Operation Restore Justice, during which 205 people were arrested and 115 children were rescued nationwide.

    The Richmond Field Office arrested three subjects from across Virginia as part of this operation:

    • Allan Martin of Henrico, Virginia, was arrested on April 29, 2025, for possession and receipt of child sexual abuse material.
    • Saoeun Hing of Richmond, Virginia, was arrested on May 1, 2025, for possession and receipt of child sexual abuse material.
    • Christopher Johnson of Salem, Virginia, was arrested on May 2, 2025, for transportation of material involving the sexual exploitation of minors.

    “Child exploitation cases are among our top priorities, as they involve our most vulnerable victims,” said FBI Richmond Special Agent in Charge Stanley M. Meador. “The FBI Richmond team, through our Child Exploitation Task Forces, works around the clock to track down these subjects and hold them accountable for their heinous actions.”

    FBI Richmond worked jointly with Virginia State Police, Henrico County Division of Police, Chesterfield County Police Department, and the United States Attorney’s Offices from the Eastern and Western Districts of Virginia on Operation Restore Justice, which coincided with Child Abuse Prevention month. Throughout the entire month of April, the FBI arrested more than 190 subjects on charges related to crimes against children. With nearly 400 arrests in one month, these actions are the direct result of the FBI’s continued efforts to track down and stop sexual predators before they can harm more victims.

    The FBI identifies individuals involved in child sexual exploitation and the production of child sexual abuse material through our far-reaching, nationwide network of personnel and law enforcement partners. The FBI’s Violent Crimes Against Children (VCAC) program provides a rapid, proactive, and comprehensive approach to counter all threats of abuse against children. This capacity leverages partnerships within the FBI’s 89 Child Exploitation Human Trafficking Task Forces (CEHTTFs) across the country. The FBI leads a Violent Crimes Against Children International Task Force, which includes nearly 100 International Task Force Officers from over 60 countries to expand our ability to address the threat worldwide.

    The FBI partners with the nonprofit National Center for Missing and Exploited Children (NCMEC), which receives and shares tips about possible child sexual exploitation received through its 24-hour hotline at 1-800-THE-LOST and on missingkids.org. In further collaboration with NCMEC, the FBI created the Endangered Child Alert Program (ECAP) to identify individuals involved in the sexual abuse of children and the production of child sexual abuse material. To date, ECAP has identified 36 individuals.

    For more information about the crimes investigated by the FBI as well as the variety of resources available to protect and keep children safe, please visit:

    As always, the FBI urges the public to remain vigilant and report any suspected crime against a child to 911 and local law enforcement immediately, as well as to the FBI at 1-800-CALL-FBI (225-5324), online at tips.fbi.gov or by contacting the FBI Richmond Field Office at (804) 261- 1044.

    MIL Security OSI –

  • MIL-OSI: Fluent, Inc. and Rebuy Partner to Unlock Post-Purchase Advertising for Shopify Merchants

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Fluent, Inc. (NASDAQ: FLNT), a leading provider of commerce media solutions, and Rebuy Engine, a leading ecommerce personalization platform for Shopify brands, have announced a strategic partnership to launch Rebuy Ads powered by Fluent, a new product offering designed to help merchants further engage their customers while unlocking additional revenue at no cost.

    Unparalleled Scale and Insights

    Rebuy Engine is uniquely positioned to drive impact at scale, generating over $1 billion in new revenue for its 12,000+ active merchants each year. The partnership leverages Fluent’s AI-powered advertiser marketplace and extensive expertise in demand generation, and pairs that with Rebuy Engine’s deep integration with the Shopify ecosystem and growing partner network.

    Rebuy Ads powered by Fluent is revenue-positive for merchants—no investment in new tools or services required. It’s a unique offering that pays merchants for adoption rather than charging them, ensuring a high-value, risk-free opportunity while also providing Fluent access to new audiences via Rebuy Engine’s extensive merchant network. This innovative approach is expected to drive rapid adoption and engagement within the Rebuy Engine merchant community and Shopify platform.

    “We’re excited to launch a solution that gives our merchants new revenue opportunities,” said Rebuy Co-Founder, James Van Erck. “With this new offering, merchants can monetize the thank-you page and get paid through Rebuy Ads powered by Fluent. Fluent’s competitive positioning in commerce media and commitment to partner success make them an ideal partner for this new endeavor. We believe this partnership strengthens our focus on helping brands deliver personalized experiences, convert more traffic, and grow faster.”

    Tim Lukens, President of Commerce Media at Fluent, stated, “Our proficiency in performance marketing drives measurable growth for our partners. We are thrilled to collaborate with Rebuy to bring an integrated and unique solution to the Shopify ecosystem—leveraging our expertise in customer acquisition and engagement to create a seamless, high-value opportunity for merchants. Rebuy’s expansive partner network and merchant-first approach align seamlessly with Fluent’s mission to deliver high-impact commerce media solutions at scale.”

    Looking Ahead

    The Fluent and Rebuy partnership marks a significant step in expanding monetization opportunities for merchants while reinforcing the companies’ mutual commitment to design-led innovation and growth. With the combined expertise of both companies, Rebuy Ads powered by Fluent is set to redefine how Shopify merchants engage with performance-driven advertising. For more information on Rebuy Ads powered by Fluent and partnership opportunities, visit https://www.rebuyengine.com/product/ads.

    About Rebuy
    Rebuy empowers Shopify stores of all sizes to deliver personalized shopping experiences designed to increase conversions, boost order values, and retain more customers using intelligent upsells, cross-sells, and post-purchase follow-ups. More than 12,000 of the fastest-growing brands on Shopify use Rebuy, including Olipop, Aviator Nation, Momofuku, Tecovas, and DIME Beauty.

    About Fluent, Inc.
    Fluent, Inc. (NASDAQ: FLNT) is a commerce media solutions provider connecting top-tier brands with highly engaged consumers. Leveraging exclusive ad inventory, robust first-party data, and proprietary machine learning, Fluent unlocks additional revenue streams for partners and empowers advertisers to acquire their most valuable customers at scale. Founded in 2010, Fluent uses its deep expertise in performance marketing to drive monetization and increase engagement at key touchpoints across the customer journey. For more insights, visit https://www.fluentco.com.

    Forward-Looking Statements
    This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward-looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release. Readers are also advised to consider the factors under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q and other SEC filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

    Contact Information
    Walter Frank
    IMS Investor Relations
    fluent@imsinvestorrelations.com

    The MIL Network –

  • MIL-OSI: Consumer Portfolio Services Deploys AI-Powered Servicing Platform from Salient to Advance Collections Strategy

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, NV, May 08, 2025 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”), a leader in providing indirect automobile financing to consumers, today announced the deployment of a next-generation AI-powered servicing and collections platform developed in partnership with Salient, a leading provider of AI voice agent solutions tailored for the automotive industry.

    As Consumer Portfolio Services continues to scale its loan portfolio and optimize servicing operations, Salient’s AI platform is expected to play a key role in accelerating collections and improving repayment consistency, which should improve credit performance over time. The platform leverages conversational AI voice agents to automate borrower outreach across key servicing functions, including payment collection, due date adjustments, payoff management, and insurance verification, allowing CPS to redeploy human agents to focus on more complex cases. Salient’s platform has demonstrated a more than 60% reduction in handle times and improved customer response rates in previous implementations, positioning CPS to benefit from similar efficiency gains as it integrates the technology in 2025.

    “Our progress in scaling efficiently is supported by strategic investments in advanced AI automation,” said Mike Lavin, Chief Operating Officer of CPS. “By leveraging Salient’s voice AI agents to handle routine servicing tasks, we can free up our human agents to focus on higher-value and more complex customer interactions, strengthening our overall servicing and collections strategy. Salient’s technology enables us to execute collections strategies with greater precision and speed, improving repayment consistency, which should strengthen cash flow and credit performance over time. As we continue to expand our portfolio and originations, this integration reinforces the strength of our servicing platform while ensuring strict regulatory compliance.”

    Salient’s AI platform has processed over $1 billion in transactions and is built specifically for the automotive lending industry. The platform ensures compliance with key lending regulations, including FDCPA, FCRA, UDAAP, and CFPB guidelines, while maximizing customer outreach effectiveness. By automating outreach and borrower interactions, the platform enhances customer responsiveness and regulatory adherence.

    CPS recently reported strong loan origination growth, with a 52% year-over-year increase in new auto loan originations for the fourth quarter of 2024 and a total portfolio balance reaching a company record $3.6 billion. As CPS enters 2025 with momentum, leveraging AI-driven servicing solutions is expected to support continued efficiency gains and may contribute to further improvements in loan performance, reductions in servicing costs, and enhancements in overall portfolio profitability.

    About Consumer Portfolio Services:
    Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives.

    About Salient
    Designed specifically for the consumer finance sector, Salient is a cutting-edge generative AI platform crafted to revolutionize customer-lender interactions. With its innovative technology solutions, Salient seamlessly automates vital operational processes across voice, text, and email channels, delivering a more streamlined and efficient communication experience for clients. Launched in 2023, Salient has interacted millions of US consumer, collected over $1 billion, and is backed by top tier venture capital firms, including Andreessen Horowitz, Y Combinator, Matrix Partners, and General Catalyst, alongside leaders from Tesla, Stripe, and Airtable. This platform promises to set new standards in the way automotive finance is approached and managed.

    Company Contact
    Danny Bharwani
    Chief Financial Officer
    949-753-6811

    Investor Relations Contact
    Tom Colton and Alec Wilson
    Gateway Group, Inc.
    949-574-3860
    CPSS@gateway-grp.com

    The MIL Network –

  • MIL-OSI: Primech AI Plans Production of 300 HYTRON Robots through its China Manufacturing Expansion

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 08, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced a significant expansion of its manufacturing capabilities through a strategic manufacturing partnership in Guangdong Province, China. The partnership will support the growing global demand for Primech AI’s innovative HYTRON bathroom cleaning robots, with plans to roll out 300 robots in the initial production phase.

    The partnership establishes a comprehensive manufacturing framework with a well-established electronics manufacturer in Huizhou City of Guangdong Province, creating a robust production base to serve markets across Asia and beyond. This strategic location in China’s manufacturing heartland provides Primech AI access to a sophisticated electronics supply chain and specialized technical expertise.

    “This manufacturing partnership in China represents a significant advancement in our production strategy,” said Charles Ng, Co-Founder and Chief Operating Officer of Primech AI. “The Guangdong region offers unparalleled advantages in electronics manufacturing infrastructure, component sourcing, and technical knowledge, enabling us to scale production efficiently while maintaining the highest quality standards for our HYTRON robots. Our ambitious target of rolling out 300 robots demonstrates our commitment to meeting market demand and accelerating our growth trajectory.”

    Under the terms of the agreement, the manufacturing partner will manage the full production cycle for Primech AI’s HYTRON bathroom cleaning robots, including manufacturing and assembly based on Primech AI’s detailed specifications, implementation of comprehensive quality assurance protocols, performance of rigorous functionality and safety testing, securing necessary certifications to meet international regulatory requirements, and production scheduling and delivery timeline management. The manufacturing agreement covers an initial two-year period and includes provisions for regular quality monitoring, performance reporting, and collaborative development to ensure continuous improvement of manufacturing processes.

    “Quality and reliability are foundational to our HYTRON technology, and our manufacturing partner in China brings extensive experience producing sophisticated electronic and robotic systems,” added Ng. “This collaboration allows us to leverage specialized manufacturing expertise while ensuring our exacting standards are maintained throughout the production process.”

    The strategic location in China provides Primech AI with several key advantages. Access to a mature electronics manufacturing ecosystem enables efficient production scaling and quality control. The proximity to specialized component suppliers streamlines the supply chain and reduces procurement lead times. The facility offers scalable production capacity to meet the growing global demand for HYTRON robots, starting with the 300-unit initial target. Finally, the location provides efficient logistics for serving Asian markets, reducing shipping times and transportation costs.

    This expansion of manufacturing capabilities in China complements Primech AI’s recent product innovations and market expansion initiatives, reinforcing the Company’s commitment to meeting growing global demand for its autonomous cleaning solutions.

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

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

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

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

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

    The MIL Network –

  • MIL-OSI: Tower Semiconductor to Attend the 22nd Annual Craig-Hallum Institutional Investor Conference and the 53rd Annual TD Cowen Technology, Media & Telecom Conference

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel, May 08, 2025 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will participate in the 22nd Annual Craig-Hallum Institutional Investor Conference in Minneapolis on Wednesday, May 28 and in the 53rd Annual TD Cowen Technology, Media & Telecom Conference in New York on Thursday, May 29. There will be an opportunity for investors to meet one-on-one with company representatives. Interested investors should contact the conference organizers or email the investor relations team at towersemi@kcsa.com.

    About Tower Semiconductor

    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiPho, SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services, including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    Contact Information:
    Liat Avraham
    Investor Relations
    liatavra@towersemi.com | +972 4 650 6154

    David Hanover
    KCSA Strategic Communications

    towersemi@kcsa.com | 212-682-6300

    Attachment

    The MIL Network –

  • MIL-OSI Security: Justice Department Announces Results of Operation Restore Justice: 205 Child Sex Abuse Offenders Arrested in FBI-Led Nationwide Crackdown, Including Five in the Western District of Texas

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    SAN ANTONIO – Today, the Department of Justice announced the results of Operation Restore Justice, a coordinated enforcement effort to identify, track and arrest child sex predators.  The operation resulted in the rescue of 115 children and the arrests of 205 child sexual abuse offenders in the nationwide crackdown.  The coordinated effort was executed over the course of five days by all 55 FBI field offices, the Child Exploitation and Obscenity Section in the Department’s Criminal Division, and United States Attorney’s Offices around the country.

    “The Department of Justice will never stop fighting to protect victims — especially child victims — and we will not rest until we hunt down, arrest, and prosecute every child predator who preys on the most vulnerable among us,” said Attorney General Pamela Bondi. “I am grateful to the FBI and their state and local partners for their incredible work in Operation Restore Justice and have directed my prosecutors not to negotiate.”

    “Every child deserves to grow up free from fear and exploitation, and the FBI will continue to be relentless in our pursuit of those who exploit the most vulnerable among us,” said FBI Director Kash Patel. “Operation Restore Justice proves that no predator is out of reach and no child will be forgotten. By leveraging the strength of all our field offices and our federal, state and local partners, we’re sending a clear message: there is no place to hide for those who prey on children.”

    In the Western District of Texas, five individuals were arrested and charged with federal crimes, including Kevin Dale Franklin Jr. in El Paso, charged with receipt and distribution of child pornography; Zaid Mashhour Haddad and Mario Garcia Martinez in San Antonio, charged with access with intent to view child pornography and possession of child pornography, respectively; James Christopher Hoyt in Austin, charged with distribution of material involved the sexual exploitation of children; and Dakota Gunther Vaught in Pecos, charged with one count of sexual exploitation of children, one count of receipt of child pornography, and one count of possession of child pornography.

    “Cases involving the sexual exploitation of children and child sexual abuse material, or CSAM, will always be a priority for this U.S. Attorney’s Office, as it is most certainly our duty to protect our most vulnerable citizens—children,” said Acting U.S. Attorney Margaret Leachman for the Western District of Texas. “These operations are significant in that they bring a vast number of resources together to carry out a shared mission and highlight critical criminal cases, but know that we work with our local, state, tribal, and federal law enforcement partners year-round and around the clock to investigate, arrest, and prosecute those who violate children, their rights and federal law.”

    “The FBI will deploy every resource available to investigate and bring to justice those who sexually exploit children, our most vulnerable population,” said Special Agent in Charge Aaron Tapp for the FBI San Antonio Field Office. “None of this would be possible without the collective efforts of the FBI San Antonio Child Exploitation and Human Trafficking Task Force Officers. We also want to thank the U.S. Attorney’s Office for their partnership and dedication to this important mission.”

    “The FBI El Paso Crimes Against Children Task Force is unwavering in its mission to combat the horrific crime of child exploitation,” said Special Agent in Charge John Morales for the FBI El Paso Field Office. “We pursue these cases relentlessly, every day, without exception because protecting children from predators is among our highest priorities, and we will stop at nothing to identify, investigate the abuse of innocent children, and bring these monstrous individuals responsible to justice. Day-in and day-out we work together with our law enforcement partners to ensure these predators face the full consequences of their depraved actions. Let this message be clear: if you exploit a child, we will find you, we will arrest you, and we will make sure you face the full power of the justice system. There will be no refuge for those who prey on our most innocent and vulnerable.”

    Others arrested around the country are alleged to have committed various crimes including the production, distribution, and possession of child sexual abuse material, online enticement and transportation of minors, and child sex trafficking. In Minneapolis, for example, a state trooper and Army Reservist was arrested for allegedly producing child sexual abuse material while wearing his uniforms. In Norfolk, VA, an illegal alien from Mexico is accused of transporting a minor across state lines for sex. In Washington, D.C., a former Metropolitan Police Department Police Officer was arrested for allegedly trafficking minor victims.

    In many cases, parental vigilance and community outreach efforts played a critical role in bringing these offenders to justice. For example, a California man was arrested about eight hours after a young victim bravely came forward and disclosed their abuse to FBI agents after an online safety presentation at a school near Albany, N.Y.

    This effort follows the Department’s observance of National Child Abuse Prevention Month in April and underscores the Department’s unwavering commitment to protecting children and raising awareness about the dangers they face. While the Department, including the FBI, investigates and prosecutes these crimes every day, April serves as a powerful reminder of the importance of preventing these crimes, seeking justice for victims, and raising awareness through community education.

    The Justice Department is committed to combating child sexual exploitation. These cases were brought as part of Project Safe Childhood, a nationwide initiative to combat the epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, visit www.justice.gov/psc.

    The Department partners with and oversees funding grants for the National Center for Missing and Exploited Children (NCMEC), which receives and shares tips about possible child sexual exploitation received through its 24/7 hotline at 1-800-THE-LOST and on missingkids.org. 

    The Department urges the public to remain vigilant and report suspected exploitation of a child through the FBI’s tipline at 1-800-CALL-FBI (225-5324), tips.fbi.gov, or by calling your local FBI field office.

    Other online resources:

    Electronic Press Kit

    Violent Crimes Against Children

    How we can help you: Parents and caregivers protecting your kids

    An indictment or criminal complaint is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI –

  • MIL-OSI: Aemetis Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    • California Ethanol passes $2 billion cumulative revenue milestone.
    • Aemetis Biogas increased sales by 10,100 MMBtu compared with same quarter last year
    • Sales of investment tax credits resulted in cash proceeds of $19.0 million during Q1 2025.
    • India Biodiesel received letters of intent in April for an aggregate of $31 million of biodiesel sales to OMCs for delivery in May, June and July of 2025.

    CUPERTINO, Calif., May 08, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace petroleum products and reduce greenhouse gas emissions, today announced its financial results for the three months ended March 31, 2025.

    “Revenues during the first quarter of 2025 of $42.9 million reflect continued and strong execution by our California Ethanol and Dairy Renewable Natural Gas segments. After a pause in production and supply under the OMC contracts, our India Biodiesel segment is now approved to return to regular production levels,” said Todd Waltz, Chief Financial Officer of Aemetis. “We look forward to substantial additional revenues when we receive the LCFS provisional pathway approvals that are expected to approximately double our LCFS revenues and receive the federal Inflation Reduction Act Section 45Z production tax credits,” added Waltz.

    “We are pleased with the continued growth of Aemetis Biogas production and continued progress with building a large centralized dairy digester to process waste from four dairies that is expected to be operational in the next few months,” said Eric McAfee, Chairman and CEO of Aemetis. “Our continued focus on significantly improving cash flow from our California Ethanol segment by replacing fossil natural gas with lower carbon electricity is now underway with the fabrication of the equipment for the mechanical vapor recompression project.”

    Today, Aemetis will host an earnings review call at 11:00 a.m. Pacific time (PT).

    Live Participant Dial In (Toll Free): +1-877-545-0523 entry code 761021
    Live Participant Dial In (International): +1-973-528-0016 entry code 761021
    Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/52416

    For details on the call, please visit http://www.aemetis.com/investors/conference-calls/

    Financial Results for the Three Months Ended March 31, 2025

    Total revenues during the first quarter of 2025 were $42.9 million compared to $72.6 million for the first quarter of 2024. Delays with the receipt of contracts in India from the government-owned Oil Marketing Companies accounted for the decline in revenue. New OMC letters of intent for $31 million were issued in April 2025 and we started shipments in April. Our Keyes ethanol plant increased revenues by $1.7 million due principally to an increase in the average price of Ethanol from $1.79 during 2024 to $1.98 during the first quarter of 2025. Our Dairy Natural Gas segment sold 70,900 MMBtu of renewable natural gas, an increase of 10,100 MMBtu from the same quarter last year.

    Gross loss for the first quarter of 2025 was $5.1 million, compared to a $0.6 million loss during the first quarter of 2024.

    Selling, general and administrative expenses increased by $1.6 million to $10.5 million during the first quarter of 2025 compared to $8.9 million during the same period in 2024, driven primarily from legal and other transaction costs associated with receiving $18 million of cash proceeds from tax credit sales during the first quarter.

    Operating loss was $15.6 million for the first quarter of 2025, compared to operating loss of $9.5 million for the same period in 2024.

    Interest expense, excluding accretion of Series A preferred units in the Aemetis Biogas LLC subsidiary, increased to $13.7 million during the first quarter of 2025 compared to $10.5 million during the first quarter of 2024. Additionally, Aemetis Biogas recognized $2.3 million of accretion of Series A preferred units during the first quarter of 2025 compared to $3.3 million during the first quarter of 2024.

    Income tax expense included a benefit from the sale of $7.0 million of Investment Tax Credits during the first quarter of 2025.

    Net loss was $24.5 million for the first quarter of 2025, compared to net loss of $24.2 million for the first quarter of 2024.

    Cash at the end of the first quarter of 2025 was $500 thousand compared to $900 thousand at the close of the fourth quarter of 2024. We recorded investments in capital projects related to the reduction of the carbon intensity of Aemetis ethanol and construction of dairy digesters of $1.8 million for the first quarter of 2025. Additionally, payments of $15.4 million were applied to the repayment of debt during the first quarter.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com. 

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

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

    NON-GAAP FINANCIAL INFORMATION

    We have provided non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in the accompanying supplemental data. Adjusted EBITDA is defined as net income/(loss) plus (to the extent deducted in calculating such net income) interest and amortization expense, income tax expense or benefit, accretion expense, depreciation expense, and share-based compensation expense.

    Adjusted EBITDA is not calculated in accordance with GAAP and should not be considered as an alternative to net income/(loss), operating income or any other performance measures derived in accordance with GAAP or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA is presented solely as a supplemental disclosure because management believes that it is a useful performance measure that is widely used within the industry in which we operate. In addition, management uses Adjusted EBITDA for reviewing financial results and for budgeting and planning purposes. EBITDA measures are not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure for comparison.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this news release include, without limitation, statements relating to our five-year growth plan; trends in market conditions with respect to prices for inputs for our products versus prices for our products; our ability to fund, develop, build, maintain and operate digesters, facilities and pipelines for our Dairy Renewable Natural Gas segment; our ability to fund, develop and operate our Sustainable Aviation Fuel, Renewable Diesel, and Carbon Capture and Sequestration projects, including obtaining required permits; our ability to receive awarded grants by meeting all of the required conditions, including meeting the minimum contributions; our ability to fund, develop and operate our sustainable aviation fuel and renewable biodiesel projects; our intention to repurchase the Series A preferred units relating to our Aemetis Biogas subsidiary and the expected valuation premium thereof; and our ability to raise additional capital. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filed documents. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    (Tables follow)

    AEMETIS, INC.  
    CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS  
    (unaudited, in thousands, except per share data)  
                   
            For the three months ended March 31,  
              2025       2024    
                   
    Revenues   $ 42,886     $ 72,634    
    Cost of goods sold     47,966       73,246    
    Gross loss     (5,080 )     (612 )  
                   
    Selling, general and administrative expenses     10,475       8,850    
    Operating loss     (15,555 )     (9,462 )  
                   
    Other expense (income):          
      Interest expense          
        Interest rate expense     11,018       9,092    
        Debt related fees and amortization expense   2,675       1,421    
        Accretion and other expenses of Series A preferred units   2,279       3,311    
      Other (income) expense     (215 )     67    
    Loss before income taxes     (31,312 )     (23,353 )  
      Income tax expense (benefit)     (6,783 )     878    
    Net loss   $ (24,529 )   $ (24,231 )  
                   
    Net loss per common share          
      Basic   $ (0.47 )   $ (0.58 )  
      Diluted   $ (0.47 )   $ (0.58 )  
                   
    Weighted average shares outstanding          
      Basic     52,584       41,889    
      Diluted     52,584       41,889    
                   
             
    AEMETIS, INC.
    CONSOLIDATED CONDENSED BALANCE SHEETS
    (in thousands)
                     
              March 31, 2025   December 31, 2024  
              (Unaudited)      
    Assets              
      Current assets:            
        Cash and cash equivalents     $ 499     $ 898    
        Accounts receivable     1,043       1,805    
        Inventories       22,930       25,442    
        Tax credit sale receivable       –       12,300    
        Prepaid and other current assets       4,021       4,251    
      Total current assets       28,493       44,696    
                     
        Property, plant and equipment, net       199,435       199,392    
        Other assets       14,590       15,214    
      Total assets     $ 242,518     $ 259,302    
                     
    Liabilities and stockholders’ deficit            
      Current liabilities:            
        Accounts payable     $ 32,115     $ 33,139    
        Current portion of long term debt       93,669       63,745    
        Short term borrowings     25,878       26,789    
        Other current liabilities       22,939       20,295    
      Total current liabilities       174,601       143,968    
                     
      Total long term liabilities       348,612       379,262    
                     
      Stockholders’ deficit:            
        Common stock     54       51    
        Additional paid-in capital       313,075       305,329    
        Accumulated deficit     (587,471 )     (562,942 )  
        Accumulated other comprehensive loss       (6,353 )     (6,366 )  
      Total stockholders’ deficit       (280,695 )     (263,928 )  
    Total liabilities and stockholders’ deficit     $ 242,518     $ 259,302    
                 
                     
    AEMETIS, INC.
    RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME/(LOSS)
    (unaudited, in thousands)
                 
                 
          For the three months ended March 31,  
      EBITDA Calculation   2025       2024    
                 
      Net income (loss) $ (24,529 )   $ (24,231 )  
      Adjustments        
        Interest and amortization expense   13,705       10,525    
        Depreciation expense   2,357       1,798    
        Accretion of Series A preferred units   2,279       3,311    
        Share-based compensation   2,308       2,969    
        Income tax expense (benefit)   (6,783 )     878    
      Total adjustments   13,866       19,481    
                 
      Adjusted EBITDA $ (10,663 )   $ (4,750 )  
                 
                 
    AEMETIS, INC.
    PRODUCTION AND PRICE PERFORMANCE
    (unaudited)
               
      Three Months ended March 31,  
        2025       2024    
               
    California Ethanol          
    Ethanol          
    Gallons sold (in millions)   14.1       14.1    
    Average sales price/gallon $ 1.98     $ 1.79    
    Percent of nameplate capacity   103 %     103 %  
    WDG          
    Tons sold (in thousands)   93       94    
    Average sales price/ton $ 86     $ 98    
    Delivered Cost of Corn          
    Bushels ground (in millions)   4.8       4.9    
    Average delivered cost / bushel $ 6.63     $ 6.33    
               
    California Dairy Renewable Natural Gas          
    Renewable Natural Gas          
    MMBtu sold (in thousands)   70.9       60.8    
    Average price per MMBtu $ 3.65     $ 4.02    
    MMBtu stored as inventory   33.1       46.8    
    RINs          
    RINs sold (in thousands)   388.2       766.4    
    Average price per RIN $ 2.64     $ 3.08    
    LCFS          
    LCFS credits sold (in thousands)   16.0       18.0    
    Average price per LCFS credit $ 72.50     $ 66.00    
               
    India Biodiesel          
    Biodiesel          
    Metric tons sold (in thousands)   0       27.5    
    Average Sales Price/Metric ton $ –     $ 1,127    
    Percent of Nameplate Capacity   0 %     73.4 %  
    Refined Glycerin          
    Metric tons sold (in thousands)   0.0       2.4    
    Average Sales Price/Metric ton $ –     $ 551    

    The MIL Network –

  • MIL-OSI: Xunlei Limited Schedules 2025 Unaudited First Quarter Earnings Release on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 08, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2025 on May 15, 2025 before market open.

    The earnings press release will be available on the Company’s investor relations page at http://ir.xunlei.com.

    Conference Call

    Xunlei’s management will host a conference call at 8:00 a.m. U.S. Eastern Time on May 15, 2025 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company’s quarterly results and recent business developments.

    Conference Call Preregistration

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIe31316b11951413ca6026dd0a7227b38

    Please register to join the conference using the link provided above and dial in 10 minutes before the call is scheduled to begin. Once registered, the participants will receive an email with personal PIN and dial-in information, and participants can choose to access either via Dial-In or Call Me. A kindly reminder that “Call Me” does not work for China number.

    The Company will also broadcast a live audio webcast of the conference call. The webcast will be available at http://ir.xunlei.com. Following the earnings conference call, an archive of the call will be available at https://edge.media-server.com/mmc/p/vrett8r2

    About Xunlei

    Founded in 2003, Xunlei Limited (NASDAQ: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

    Contact:
    Xunlei Limited Investor Relations

    Email: ir@xunlei.com
    Tel: +86 755 6111 1571
    Website: http://ir.xunlei.com

    The MIL Network –

  • MIL-OSI: Caliber Receives Design Review Approval for PURE Pickleball & Padel Project

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., May 08, 2025 (GLOBE NEWSWIRE) — Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that its joint venture development, PURE Pickleball & Padel™ has gained Design Review approval from the Salt River Pima-Maricopa Indian Community (SRPMIC) Planning Department. This approval positions the project to seek a building permit once final construction documents are complete, with a planned ground-breaking shortly after receiving the permit.

    PURE Pickleball & Padel™ is developing an 11+ acre site in the Riverwalk Development Project located in the Talking Stick Entertainment District, a 100-acre site in the SRPMIC adjacent to Scottsdale. PURE will be a world-class pickleball and padel facility and seeks to claim the title of the largest indoor pickleball and padel facility in the world. The 196,726 square feet state-of-the-art facility will boast a 1,200-seat pro arena, 48 indoor courts (40 pickleball, 8 padel), sports performance and recovery fitness center by HonorHealth, restaurant and rooftop bar, pro shop, locker rooms and spa, special event spaces, childcare and other amenities.

    Chris Loeffler, CEO of Caliber, said, “We are grateful to the SRPMIC team for their thoughtful review and approval of this project. Collaboration with the SRPMIC has been instrumental throughout the design review process which has brought an elevated design and uniqueness to the project.”

    Kevin J. Berk, Co-Founder & CEO of PURE, said, “I want to extend my heartfelt thanks to the SRPMIC for believing in and supporting our vision. I’m deeply grateful to all the incredible teams contributing to this project—your passion, dedication, and commitment to bringing our first facility to life inspires me every day.”

    With the approval of the use and design, the PURE project will now focus on the next phase of development, the completion of construction documents and the approval of a final building permit. This approval also positions Caliber to formally enter the debt markets to finalize its sourcing of construction financing and puts a clear timeline in place for investors funding the equity into the project’s private offering.

    Unique to this project, Caliber created the [insert official fundco offering name here], a single asset offering designed to invest in the real estate, land sublease, and business operations of PURE. The offering allows for direct investment from accredited investors as well as qualified opportunity zone funds (QOFs) seeking to allocate capital to a potentially attractive qualified opportunity zone business (QOZB). Caliber has designed the offering for broad participation, seeking Pickleball & Padel enthusiasts who are looking for exposure to the two fastest growing sports in the United States and the World.

    For more information on the project, visit Caliber’s website.

    About Caliber (CaliberCos Inc.)

    With over $2.9 billion in Managed Assets, Caliber’s 16-year track record of managing and developing real estate is built on a singular goal: to make money in all market conditions, specializing in hospitality, multi-family residential, and multi-tenant industrial. Our growth is fueled by performance and a key competitive advantage: we invest in projects, strategies, and geographies that global real estate institutions often overlook. Integral to this advantage is our in-house shared services group, which gives Caliber greater control over our real estate and enhanced visibility into future investment opportunities. There are multiple ways to participate in Caliber’s success: invest in Nasdaq-listed CaliberCos Inc. and/or invest directly in our Private Funds.

    About PURE Pickleball & Padel
    PURE Pickleball & Padel has partnered with Caliber to build the world’s largest indoor pickleball & Padel facility and pro arena in Scottsdale, Arizona, with a target opening date of late 2026. The 196,726 square feet state-of-the-art facility will boast 48 indoor courts (40 Pickleball and 8 Padel), a 1,200-seat pro arena, along with country club level amenities that include a restaurant and bar, retail pro shop, gym, recovery spaces, VIP lounge, office space, childcare and teen room. PURE is a member-focused, program-driven concept that will connect the two fastest growing sports in the world with the Scottsdale community across all ages, skill levels, and backgrounds. With an estimated 800,000 visits annually, the facility plans to host the largest pickleball/padel tournaments in the world.

    About the Talking Stick Entertainment District
    The Talking Stick Entertainment District is a dynamic area for culture, shopping, dining and entertainment, conveniently located within the Salt River Pima-Maricopa Indian Community. Located at the Pima-101 Freeway and Talking Stick Way, just 20 minutes from Sky Harbor Airport, Talking Stick is home to Talking Stick Resort, Talking Stick Golf Club, Salt River Fields at Talking Stick, The Pavilions at Talking Stick, Arizona Boardwalk at Talking Stick and many more entertainment and hospitality options.

    About the Salt River Pima-Maricopa Indian Community
    The Salt River Pima-Maricopa Indian Community (SRPMIC) is represented by two distinct Native American tribes; the Akimel O’odham (River People), more commonly known as the Pima and the Xalychidom Piipaash (People Who Live Toward the Water) commonly known as the Maricopa; both share the same cultural values but maintain their unique traditions. Today, more than 11,000 individuals are enrolled Salt River tribal members. The SRPMIC is bordered by Tempe, Fountain Hills and Mesa and shares a Scottsdale address. The Community owns and operates several successful enterprises including Salt River Materials Group and Saddleback Communication and hospitality enterprises: Talking Stick Resort, Talking Stick Golf Club and Salt River Fields at Talking Stick, all within the Talking Stick Entertainment District, on the northern part of the Community. The culture and the history of the people is an important story to tell and have been interwoven at many of the destination amenities through interior art, building design and landscape.

    Forward-Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    CONTACTS:
    Caliber Investor Relations:
    Ilya Grozovsky
    +1 480-214-1915
    Ilya@CaliberCo.com

    PURE Pickleball & Padel
    Kevin J. Berk – Co-Founder & CEO
    +1 480-861-7474
    Kevin@purepickleball.com

    The MIL Network –

  • MIL-OSI: Zscaler to Host Third Quarter Fiscal Year 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 08, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, will release third quarter fiscal year 2025 earnings after the market closes on Thursday, May 29, 2025. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.

    Date: Thursday, May 29, 2025
    Time: 1:30 p.m. PT
    Webcast: https://ir.zscaler.com
    Dial-in: To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call.

    Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the conference call will be accessible from the Zscaler website at ir.zscaler.com. Listeners may log on to the call under the “Events & Presentations” section and select “Q3 2025 Zscaler Earnings Conference Call” to participate.

    About Zscaler

    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.

    Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

    Media Relations Contact:
    Pavel Radda
    press@zscaler.com

    Investor Relations Contact:
    Ashwin Kesireddy
    ir@zscaler.com

    The MIL Network –

  • MIL-OSI: Obra Capital Announces Promotion of Peter Polanskyj to Chief Investment Officer

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Obra Capital, Inc. (along with its affiliated registered investment advisors, collectively “Obra”), an asset management firm with a specialized approach to alternative investing, today announced that Peter Polanskyj, Senior Managing Director and Head of Structured Credit, has been promoted to Chief Investment Officer.

    Since joining Obra in 2022, Mr. Polanskyj has been a key member of the leadership team, supporting the guidance and execution of the firm’s growth strategy and the development of both its platform and enhanced product set. In April 2024, he supported the launch of Obra’s first ETFs, creating investment options with access to a wide variety of securitized products. In December 2024, Mr. Polanskyj helped lead a $400 million close of Obra’s inaugural Collateralized Loan Obligation offering (“CLO”), further diversifying the firm’s strategies in alternative assets and structured credit to provide a range of solutions aimed at delivering long-term value for investors.

    In addition to new product launches, Mr. Polanskyj has demonstrated a proven track record of prudent capital stewardship, leveraging over 28 years of experience investing in a variety of structured investments to achieve a net growth rate for Obra’s insurance special situations strategy that has outpaced the firm’s initial expectations. In his new role, he will chair Obra’s Investment Committee, with oversight of the firm’s operations across its portfolio.

    “I’m thrilled to welcome Peter to fill this role on Obra’s leadership team,” said Blair Wallace, President and Chief Executive Officer. “He has contributed to the rapid growth of our platform by adeptly navigating a nuanced area of the market, launching unique products and providing strong performance for our investors. His specialized experience and skillset will be critical as we look to build on our momentum across credit and insurance investment opportunities.”

    Mr. Polanskyj added, “I am proud of the work we have done developing the capabilities that our investors are looking to access across insurance and credit. As I step into this new role as CIO, I look forward to continuing to work with Blair and the team to develop our platform and deliver for investors.”

    In addition, Matt Roesler has been promoted to Senior Managing Director and Head of Multi-Sector Credit. He continues to lead the management of Obra’s multi-sector credit, liability-driven and other insurance portfolios. Greg Nicolls has been promoted to Senior Managing Director and Head of Business Development and Investor Relations.

    Prior to joining Obra, Mr. Polanskyj was a Managing Director and Head of U.S. CLO Management at Sculptor Capital (formerly known as Och-Ziff), where he oversaw the creation, securitization and management of CLOs and similarly structured products. In his time with the firm, he grew this business from inception in 2012 to approximately $15 billion in assets in 2022. Prior to that role, he worked at Morgan Stanley in a variety of capacities, including as a strategist focused on credit, structured credit, equity derivatives and capital structure arbitrage. Previously, Mr. Polanskyj was a reinsurance actuary with a focus on property and casualty. Mr. Polanskyj holds a Bachelor of Arts in Economics and Mathematics from Rutgers University, where he was named a Henry Rutgers scholar, and a Master of Business Administration from Columbia Business School.

    About Obra Capital

    Obra is a specialized alternative asset management firm with approximately $5.6 billion in capital under management as of March 31, 2025. Obra provides investment products and solutions across insurance, multi-sector credit, asset-based finance and longevity investment strategies. Obra aims to generate long-term value and attractive returns for investors through a variety of funds and separate accounts. With capabilities in investing, originating, structuring and servicing, Obra strives to provide differentiated investment opportunities and capital solutions for investors worldwide. Obra owns and operates a CLO management business, a commercial real estate lending platform and an auto finance company. For more information about Obra and its registered investment advisors, please visit www.obra.com.

    Media Contact:
    Dan Gagnier
    Gagnier Communications
    Obra@gagnierfc.com
    646-569-5897

    The MIL Network –

  • MIL-OSI: BermudAir Partners with Zero Hash to Launch First-of-Its-Kind Stablecoin Payments in Air Travel

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, Bermuda, May 08, 2025 (GLOBE NEWSWIRE) — BermudAir, Bermuda’s first homegrown airline, today announced a groundbreaking partnership with Zero Hash to let customers purchase flights with stablecoins as part of the standard booking flow by the end of 2025. The new feature, which makes BermudAir the world’s first airline to offer native stablecoin payments for tickets during online booking on its website and mobile app, will go live by the end of 2025. The collaboration is being showcased today at the inaugural Bermuda Digital Finance Forum, underscoring the event’s focus on empowering local Bermudian businesses through cutting-edge digital finance innovation.

    This partnership will allow BermudAir passengers to natively pay with stablecoins – digital currencies pegged to fiat value – directly on the airline’s website, just as easily as using a credit card. Once live, travelers can select from over a dozen stablecoin options at checkout, enabling seamless payments that settle nearly instantly across borders.

    “By accepting stablecoins, we’re eliminating the friction of currency exchange and foreign transaction fees for our international passengers,” said Adam Scott, Founder and CEO of BermudAir. “As Bermuda’s home airline, we are proud to lead the charge in crypto and stablecoin adoption within aviation. Allowing customers to pay for flights with stablecoins isn’t just about embracing the future of travel – it’s about making the experience faster, cheaper, and more inclusive for travelers worldwide.”

    International visitors represent the majority of Bermuda’s 200,000+ annual air arrivals, many of whom currently face 1–3% foreign transaction fees on credit card bookings.12 By offering a direct stablecoin payment option, BermudAir will offer the opportunity to eliminate those costs and deliver a smoother booking experience for its globally diverse clientele. Stablecoin payments also process 24/7, ensuring ticket purchases can be confirmed in minutes without banking delays, a clear win for travelers and tourism operators.

    Zero Hash, the leading crypto, stablecoin and tokenization infrastructure provider, will power the conversion and settlement of these transactions. Zero Hash Worldwide Ltd., which holds a Class F license issued by the Bermuda Monetary Authority (BMA) under the Digital Asset Business Act, will enable BermudAir to accept digital dollar payments in a compliant, secure manner.

    Zero Hash views stablecoins as a core Alternative Payment Method (APM) poised for mass adoption in everyday transactions. The numbers support this shift: over the past 24 months, nearly 750 million people have gained access to stablecoins and crypto via a primary account on platforms like Revolut, NuBank, Robinhood, PayPal, Stripe, and Venmo. In just the last 30 days, 29.2 million unique wallets processed 705 million stablecoin transactions – totaling $3.3 trillion in volume.3

    The travel industry is uniquely positioned to lead this adoption – an early mover in loyalty programs, digital wallets, and cross-border innovation, it has a proven track record of embracing financial infrastructure before the mainstream.

    “Zero Hash is thrilled to power this first-of-its-kind stablecoin payment offering in the airline industry,” said Edward Woodford, Founder and CEO of Zero Hash. “This partnership with BermudAir exemplifies the convergence of digital finance innovation. By leveraging our stablecoin payments infrastructure, BermudAir can deliver the seamless payments and global accessibility that customers expect in the future of travel. It’s a shining example of stablecoins making a real-world impact, and we’re excited to help empower Bermudian businesses through compliant, cutting-edge technology.”

    The announcement comes amid a broader movement to onboard Bermudian businesses into digital finance. Bermuda’s government has cultivated a robust regulatory framework for fintech, making the island a hub for crypto adoption and innovation.

    The Bermuda Digital Finance Forum, hosted by Penrose Partners, SALT and The Decentralized AI Society (DAIS), is bringing community leaders together to empower local businesses and residents to leverage digital finance.

    This effort builds on BermudAir’s track record of innovation in digital finance, including a prior issuance of stablecoin bond tokens in partnership with crypto custodian XBTO.

    BermudAir’s stablecoin payment feature will be accessed by booking on flybermudair.com and the airline’s mobile app. Travelers will simply choose the stablecoin payment option during checkout, and Zero Hash will seamlessly handle the crypto-to-fiat settlement in real time. Both companies anticipate that this convenience will appeal to overseas travelers and business flyers, who can avoid exchanging currencies or incurring bank fees by paying directly in digital dollars.

    About Zero Hash
    Zero Hash is the leading infrastructure provider for crypto, stablecoin, and tokenized assets. Its API and embeddable dev-kit enables innovators to easily launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization and on/off-ramps.

    Zero Hash powers solutions for some of the largest and innovative companies including Interactive Brokers, Stripe, Shift4, Franklin Templeton, Felix Pago, Kalshi and LightSpark. Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    Zero Hash Worldwide Ltd. holds a Class F license issued by the Bermuda Monetary Authority (BMA) under the Digital Asset Business Act 2018 of Bermuda.

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

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

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

    Learn more by visiting zerohash.com or following us on X @ZeroHashX

    About BermudAir
    BermudAir is Bermuda’s airline, committed to redefining the travel experience. With a fleet of Embraer E175 and E190 aircraft renowned for exceptional performance and passenger comfort, BermudAir exemplifies its commitment to excellence. Operating convenient flights to and from Westchester Country Airport, Boston Logan International Airport, Fort Lauderdale-Hollywood International Airport, Orlando International Airport, Charleston International Airport, Raleigh-Durham International Airport, Bradley International Airport and Baltimore/Washington International Thurgood Marshall Airport, Rhode Island T. F. Green International Airport, and Richmond International Airport. BermudAir enhances connectivity to the U.S. East Coast, contributing to the growth and prosperity of Bermuda. BermudAir also operates flights to Toronto Pearson International Airport, Halifax Stanfield International Airport, and Montréal-Pierre Elliott Trudeau International Airport in Canada. With a dedication to exceptional service and curated onboard offerings that showcase the island’s renowned hospitality and varied food and beverages available locally, BermudAir provides an unparalleled travel experience. For more information, and to book flights, please visit www.flybermudair.com.

    1gotobermuda 2024 Visitor Arrivals Report
    2bankrate.com
    3Artemis Terminal

    The MIL Network –

  • MIL-OSI: xSuite Group Partners with Trenex Consulting to Expand Global Reach

    Source: GlobeNewswire (MIL-OSI)

    Press Release xSuite

    xSuite Group Partners with Trenex Consulting to Expand Global Reach

    The Finance Automation consulting firm from the USA will now offer SAP user companies the software solutions of the German specialist for automated P2P processes

    Ahrensburg, Germany / Metairie, LA/USA – May 8, 2025 – xSuite Group and Trenex Consulting LLC entered into a partnership agreement in March 2025. As a new xSuite Solution Partner, Trenex will distribute, implement, and support xSuite’s solutions for automated invoice and procurement processes as well as archiving across the USA, Europe and the APAC region. Through this partnership with xSuite Group, Trenex is strategically repositioning itself within the SAP ecosystem and expanding its service portfolio for international customers.

    Headquartered in Louisiana, USA, Trenex Consulting is a globally operating IT advisory firm with deep expertise in financial process automation and SAP-driven business optimization. As companies worldwide face the challenges of digital transformation and transition to SAP S/4HANA, many are searching for modern, future-ready alternatives to legacy systems.

    Expanding SAP-Centric Capabilities

    The partnership allows Trenex to offer certified SAP solutions from xSuite that are compatible with all SAP deployment models—whether on-premises, in the cloud, or hybrid. xSuite’s modular and scalable P2P and archiving solutions stand out for their flexibility, global applicability, and futuristic product roadmap, making them ideal for companies to modernize their core financial processes ahead of their S/4 HANA migration.

    Shared Vision for Innovation and Client Value

    “We are excited to welcome Trenex as a solution partner that combines deep market knowledge with a strong track record in business process automation,” said Andreas Nowottka, Managing Director at xSuite Group. “Their commitment to delivering innovative and future-proof solutions to SAP clients around the globe aligns perfectly with xSuite’s mission.

    “Our clients demand state-of-the-art solutions—both technologically and functionally—regardless of whether they run SAP on-premises, in the cloud, or in a hybrid setup,” added Frank (Cheng) Fan, General Manager of Trenex Consulting LLC. “xSuite checks all the boxes: modular architecture, SAP certification, and international compatibility. We also greatly value their collaborative approach and future-driven roadmap, which will empower us to support our clients over the long term.”

    About Trenex Consulting LLC
    Trenex Consulting is a global IT solutions provider specializing in ERP, EPM, Financial Process Automation (FPA), and Robotic Process Automation (RPA). With deep SAP expertise, a multilingual team, and around-the-clock support, Trenex delivers tailored services to help businesses drive digital transformation and optimize core operations worldwide. https://www.trenexconsulting.com/

    About xSuite Group
    With offices in Asia, Europe, and the U.S., xSuite is a leading innovator in optimizing SAP-based P2P workflows. The company provides software solutions and implementation services to over 1,600 clients worldwide, making it a trusted partner in modernizing AP systems and automating manual, paper-based processes.

    Press Contact:
    xSuite Group / Headquarters

    Barbara Wirtz
    Marketing & PR
    Tel. +49 (0)4102/88 38 36
    barbara.wirtz@xsuite.com
    www.xsuite.com

    Partner Contact:
    xSuite Group / International

    Tony Cheung
    Global Vice President
    Enterprise Accounts & Strategic Alliances
    Tel. +44 7561 893170
    tony.cheung@xsuite.com
    www.xsuite.com

    Attachment

    The MIL Network –

  • MIL-OSI: Parex Resources Announces First Quarter Results, Declaration of Q2 2025 Dividend, and Operational Update

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended March 31, 2025, the declaration of its Q2 2025 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars (“USD”) unless otherwise stated.

    “We entered the year with a disciplined and diversified plan aimed at delivering steady performance, and given current market volatility, are focused on sustaining base production and maintaining flexibility,” commented Imad Mohsen, President & Chief Executive Officer.

    “After a measured first quarter, drilling activity is increasing consistent with our budget. The recent tuck-in acquisition of LLA-32, an asset integral to our development plans, along with encouraging exploration results, represent key milestones that will drive near-term production. While we are well-positioned to deliver a strong second half, we will closely monitor commodity prices and our capital allocation throughout the year to maximize shareholder value.”

    Key Highlights

    • Generated Q1 2025 funds flow provided by operations (“FFO”)(1) of $122 million and FFO per share(2)(3) of $1.24.
    • Tracking to deliver FY 2025 average production guidance of 43,000 to 47,000 boe/d; YTD 2025 average production is approximately 43,100 boe/d(5)(7), with plans intact for a growing H2 2025 production profile.
    • Positive initial results at two prospects in the Southern Llanos, which are driving near-field exploration momentum.
    • Capital expenditure(6) guidance for FY 2025 remains at $285 to $315 million, though the Company continues to monitor commodity prices and could revise lower if warranted by market conditions.
    • Executed a tuck-in acquisition of the remaining working interest at LLA-32 for total consideration of $16 million.

    Q1 2025 Results

    • Average oil & natural gas production was 43,658 boe/d(7).
    • Realized net income of $81 million or $0.82 per share basic(3).
    • Generated FFO(1) of $122 million and FFO per share(2)(3) of $1.24.
    • Current taxes were $12 million; at current Brent crude oil strip pricing, the Company expects its FY 2025 effective current tax rate to be 0-3%.
    • Produced an operating netback(2) of $39.40/boe and an FFO netback(2) of $30.90/boe from an average Brent price of $74.98/bbl.
    • Incurred $57 million of capital expenditures(6), primarily from activities at Cabrestero, Capachos, and LLA-34.
    • Generated $65 million of free funds flow(6) that was used for return of capital initiatives, $10 million of bank debt repayment and increasing working capital surplus(1); working capital surplus(1) was $69 million and cash $81 million at quarter end.
    • Paid a C$0.385 per share(4) regular quarterly dividend and repurchased 524,900 shares.

    (1) Capital management measure. See “Non-GAAP and Other Financial Measures Advisory.”
    (2) Non-GAAP ratio. See “Non-GAAP and Other Financial Measures Advisory.”
    (3) Based on weighted average basic shares for the period.
    (4) Supplementary financial measure. See “Non-GAAP and Other Financial Measures Advisory.”
    (5) Based on Q1 2025 actuals and estimated April 2025 average production; rounded for presentation purposes.
    (6) Non-GAAP financial measure. See “Non-GAAP and Other Financial Measures Advisory.”
    (7) See “Operational and Financial Highlights” for a breakdown of production by product type.

    Operational and Financial Highlights Three Months Ended
    (unaudited) Mar. 31, Mar. 31, Dec. 31,
      2025 2024 2024
    Operational      
    Average daily production      
    Light Crude Oil and Medium Crude Oil (bbl/d) 10,650   7,237   9,550  
    Heavy Crude Oil (bbl/d) 32,207   45,543   34,882  
    Crude Oil (bbl/d) 42,857   52,780   44,432  
    Conventional Natural Gas (mcf/d) 4,806   3,348   5,190  
    Oil & Gas (boe/d)(1) 43,658   53,338   45,297  
           
    Operating netback ($/boe)      
    Reference price – Brent ($/bbl) 74.98   81.87   74.01  
    Oil & gas sales(4) 67.29   70.80   63.73  
    Royalties(4) (9.22 ) (11.21 ) (9.43 )
    Net revenue(4) 58.07   59.59   54.30  
    Production expense(4) (14.41 ) (12.64 ) (15.53 )
    Transportation expense(4) (4.26 ) (3.40 ) (3.87 )
    Operating netback ($/boe)(2) 39.40   43.55   34.90  
           
    Funds flow provided by operations netback ($/boe)(2) 30.90   31.32   32.39  
           
    Financial ($000s except per share amounts)      
           
    Net income 80,629   60,093   (69,051 )
    Per share – basic(6) 0.82   0.58   (0.70 )
           
    Funds flow provided by operations(5) 121,944   148,307   141,201  
    Per share – basic(2)(6) 1.24   1.43   1.43  
           
    Capital expenditures(3) 57,054   85,421   82,110  
           
    Free funds flow(3) 64,890   62,886   59,091  
           
    EBITDA(3) 139,032   192,078   (10,419 )
    Adjusted EBITDA(3) 135,407   188,228   137,312  
           
    Long-term inventory expenditures (4,648 ) 3,843   (2,569 )
           
    Dividends paid 26,365   28,531   26,658  
    Per share – Cdn$(4)(6) 0.385   0.375   0.385  
           
    Shares repurchased 5,239   15,291   16,408  
    Number of shares repurchased (000s) 525   920   1,692  
           
    Outstanding shares (end of period) (000s)      
    Basic 97,814   102,914   98,339  
    Weighted average basic 98,115   103,474   99,063  
    Diluted(8) 99,105   103,829   99,238  
           
    Working capital surplus (deficit)(5) 69,040   55,901   59,397  
    Bank debt(7) 50,000   60,000   60,000  
    Cash 81,025   61,052   98,022  

    (1) Reference to crude oil or natural gas in the above table and elsewhere in this press release refer to the light and medium crude oil and heavy crude oil and conventional natural gas, respectively, product types as defined in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities.
    (2) Non-GAAP ratio. See “Non-GAAP and Other Financial Measures Advisory”.
    (3) Non-GAAP financial measure. See “Non-GAAP and Other Financial Measures Advisory”.
    (4) Supplementary financial measure. See “Non-GAAP and Other Financial Measures Advisory”.
    (5) Capital management measure. See “Non-GAAP and Other Financial Measures Advisory”.
    (6) Per share amounts (with the exception of dividends) are based on weighted average common shares.
    (7) Borrowing limit of $240.0 million as of March 31, 2025.
    (8) Diluted shares as stated include common shares and stock options outstanding at period-end. The March 31, 2025 closing stock price was C$13.42 per share.

    LLA-32 Tuck-In Acquisition

    On March 14, 2025, Parex executed a tuck-in acquisition for the remaining working interest at LLA-32 for total consideration of $16 million. LLA-32 is located to the north and adjacent to the Company’s core LLA-34 and Cabrestero blocks.

    The strategic rationale for the acquisition was to gain full control of the asset, grow production, expand inventory, and add low-cost recompletion opportunities.

    Following the close of the acquisition, Parex started a workover program with positive results thus far, and in Q2 2025, initiated a five-well development campaign. Current production from LLA-32 is roughly 4,000 boe/d(1).

    Operational Update

    2025 Corporate Guidance & Outlook

    While Parex’s 2025 corporate guidance of average production of 43,000 to 47,000 boe/d and capital expenditures of $285 to $315 million remains unchanged as previously disclosed, the Company is closely monitoring oil price volatility to ensure that project economics remain robust.

    Given the conventional nature of Parex’s business and the structure of its drilling and service contracts, optionality exists to adjust activity levels in response to prevailing market conditions in order to ensure efficient capital allocation and maximization of shareholder value.

    For Q2 2025, average production is expected to be similar to Q1 2025, supported by increased development activity and preliminary near-field exploration success.

    Operational Update

    Average production for Q1 2025 of 43,658 boe/d(2) was in line with Management expectations. The quarter progressed steadily, which is aligned with the Company’s activity plan to support a growing H2 2025 production profile, as previously disclosed.

    April 2025 average production was 41,400 boe/d(3), with production generally consistent with lower activity levels and modest capital outlay in Q1 2025, as well as higher than budgeted downtime due to weather factors. Downtime levels have normalized and initial average production rates in May are roughly 43,200 boe/d(4).

    With budgeted activity underway, operational momentum is expected to build through the remainder of the year. Parex currently has three drilling rigs operating (two operated and one non-operated). In addition to enhanced oil recovery initiatives at Cabrestero and LLA-34, activity for Q2 2025 is primarily focused on development wells that are planned to be sequential in nature and located on existing pads that enable efficient production across parallel operations.

    Near-Term Development Activity

    • Drilling at LLA-34 that is expected to continue through Q2 2025, resulting in the expected completion of six in-fill wells;
    • Commencing operations at LLA-32, with the first well of the campaign to be completed in late Q2 2025; and
    • Achieving initial access in the Putumayo, with activity starting with a workover rig in Q2 2025.

    Near-Field Exploration Program plus Follow-Up Drilling

    As part of this program, two separate prospects have yielded positive initial results in the Southern Llanos, where operations are ongoing:

    • On LLA-74, a prospect was drilled successfully.
      • Initial production began in early May, with current output of approximately 1,200 bbl/d of heavy crude oil(5).
    • Also on LLA-74, a prospect was drilled via a vertical well.
      • Based on management’s positive initial assessment, the program has progressed with the design of two horizontal wells to optimize production and recovery.
      • The first follow-up horizontal well is currently being drilled, with expected production in late May.

    (1) Estimated average production for April 1, 2025 to April 30, 2025; light & medium crude oil: ~3,409 bbl/d, conventional natural gas: ~3,544 mcf/d; rounded for presentation purposes.
    (2) See “Operational and Financial Highlights” for a breakdown of production by product type.
    (3) Estimated average production for April 1, 2025 to April 30, 2025; light & medium crude oil: ~10,099 bbl/d, heavy crude oil: ~30,541 bbl/d, conventional natural gas: ~4,557 mcf/d; rounded for presentation purposes.
    (4) Estimated average production for May 1, 2025 to May 6, 2025; light & medium crude oil: ~10,538 bbl/d, heavy crude oil: ~31,869 bbl/d, conventional natural gas: ~4,756 mcf/d; rounded for presentation purposes.
    (5) Short-term production rate. See “Oil & Gas Matters Advisory.”

    Risk Management

    For Q1 2025, Parex entered into a Brent crude oil hedge to manage price risk on approximately 25% of planned net crude oil production, utilizing a Brent put spread at $60/bbl and $70/bbl. For Q2 2025, Parex entered into similar hedges for the months of April 2025 and May 2025.

    Parex plans to regularly evaluate market conditions, operational requirements, and other pertinent factors, to assess the need for any additional hedging actions as it progresses through 2025.

    Return of Capital Update

    Q2 2025 Dividend

    Parex’s Board of Directors have approved a Q2 2025 regular dividend of C$0.385 per share to shareholders of record on June 9, 2025, to be paid on June 16, 2025. This regular dividend payment to shareholders is designated as an “eligible dividend” for purposes of the Income Tax Act (Canada).

    Normal Course Issuer Bids

    In 2025, Parex has repurchased approximately 0.7 million shares under its NCIBs, for total consideration of roughly C$10 million.

    Q1 2025 Results – Conference Call & Webcast

    Parex will host a conference call and webcast to discuss its Q1 2025 results on Thursday, May 8, 2025, beginning at 9:30 am MT (11:30 am ET). To participate in the conference call or webcast, please see the access information below:

    Conference ID: 5403995
    Participant Toll-Free Dial-In Number: 1-646-307-1963
    Participant Dial-In Number: 1-647-932-3411
    Webcast: https://events.q4inc.com/attendee/867962059

    Annual General Meeting

    On Thursday, May 8, 2025, Parex will hold its Annual General Meeting at 11:00 am MT (1:00 pm ET) both in-person and virtually. Participants may attend at the 4th Floor Conference Center, Eight Avenue Place, East Tower, 525, 8th Ave SW, Calgary, Alberta – and virtual participants can join through the following link: https:meetnow.global/M4SULLK.

    Additional information regarding the Annual General Meeting, including meeting materials, can be found at www.parexresources.com under Investors.

    About Parex Resources Inc.

    Parex is one of the largest independent oil and gas companies in Colombia, focusing on sustainable conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT.

    For more information, please contact:

    Mike Kruchten
    Senior Vice President, Capital Markets & Corporate Planning
    Parex Resources Inc.
    403-517-1733
    investor.relations@parexresources.com

    Steven Eirich
    Senior Investor Relations & Communications Advisor
    Parex Resources Inc.
    587-293-3286
    investor.relations@parexresources.com

    NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES

    Non-GAAP and Other Financial Measures Advisory

    This press release uses various “non-GAAP financial measures”, “non-GAAP ratios”, “supplementary financial measures” and “capital management measures” (as such terms are defined in NI 52-112), which are described in further detail below. Such measures are not standardized financial measures under IFRS and might not be comparable to similar financial measures disclosed by other issuers. Investors are cautioned that non-GAAP financial measures should not be construed as alternatives to or more meaningful than the most directly comparable GAAP measures as indicators of Parex’s performance.

    These measures facilitate management’s comparisons to the Company’s historical operating results in assessing its results and strategic and operational decision-making and may be used by financial analysts and others in the oil and natural gas industry to evaluate the Company’s performance. Further, management believes that such financial measures are useful supplemental information to analyze operating performance and provide an indication of the results generated by the Company’s principal business activities.

    Set forth below is a description of the non-GAAP financial measures, non-GAAP ratios, supplementary financial measures and capital management measures used in this press release.

    Non-GAAP Financial Measures

    Capital expenditures, is a non-GAAP financial measure which the Company uses to describe its capital costs associated with oil and gas expenditures. The measure considers both property, plant and equipment expenditures and exploration and evaluation asset expenditures which are items in the Company’s statement of cash flows for the period and is calculated as follows:

      For the three months ended
      Mar. 31,   Mar. 31,   Dec. 31,
    ($000s)   2025     2024     2024
    Property, plant and equipment expenditures $ 44,951   $ 40,831   $ 62,799
    Exploration and evaluation expenditures   12,103     44,590     19,311
    Capital expenditures $ 57,054   $ 85,421   $ 82,110


    Free funds flow,     is a non-GAAP financial measure that is determined by funds flow provided by operations less capital expenditures. The Company considers free funds flow to be a key measure as it demonstrates Parex’s ability to fund return of capital, such as the normal course issuer bid and dividends, without accessing outside funds and is calculated as follows:

      For the three months ended
      Mar. 31,   Mar. 31,   Dec. 31,
    ($000s)   2025     2024     2024
    Cash provided by operating activities $ 87,621   $ 97,412   $ 67,847
    Net change in non-cash assets and liabilities   34,323     50,895     73,354
    Funds flow provided by operations   121,944     148,307     141,201
    Capital expenditures   57,054     85,421     82,110
    Free funds flow $ 64,890   $ 62,886   $ 59,091


    EBITDA    , is a non-GAAP financial measure that is defined as net income (loss) adjusted for finance income and expenses, other expenses, income tax expense (recovery) and depletion, depreciation and amortization.

    Adjusted EBITDA, is a non-GAAP financial measure defined as EBITDA adjusted for non-cash impairment charges, share-based compensation expense (recovery), unrealized foreign exchange gains (losses) and unrealized gains (losses) on risk management contracts.

    The Company considers EBITDA and Adjusted EBITDA to be key measures as they demonstrate Parex’s profitability before finance income and expenses, taxes, depletion, depreciation and amortization and other non-cash items. A reconciliation from net income to EBITDA and Adjusted EBITDA is as follows:

      For the three months ended
      Mar. 31,   Mar. 31,   Dec. 31,
    ($000s)   2025     2024     2024
    Net income (loss) $ 80,629     $ 60,093     $ (69,051 )
    Adjustments to reconcile net income (loss) to EBITDA:          
    Finance income   (1,297 )     (1,257 )     (998 )
    Finance expense   5,056       4,455       4,318  
    Other expenses   1,147       739       2,208  
    Income tax expense (recovery)   3,078       75,817       (880 )
    Depletion, depreciation and amortization   50,419       52,231       53,984  
    EBITDA $ 139,032     $ 192,078     $ (10,419 )
    Non-cash impairment charges   —       —       137,841  
    Share-based compensation expense (recovery)   2,092       (2,463 )     6,149  
    Unrealized foreign exchange (gain) loss   (4,919 )     (1,387 )     2,581  
    Unrealized (gain) loss on risk management contracts   (798 )     —       1,160  
    Adjusted EBITDA $ 135,407     $ 188,228     $ 137,312  


    Non-GAAP Ratios

    Operating netback per boe, is a non-GAAP ratio that the Company considers to be a key measure as it demonstrates Parex’ profitability relative to current commodity prices. Parex calculates operating netback per boe as operating netback (calculated as oil and natural gas sales from production, less royalties, operating, and transportation expense) divided by the total equivalent sales volume including purchased oil volumes for oil and natural gas sales price and transportation expense per boe and by the total equivalent sales volume excluding purchased oil volumes for royalties and operating expense per boe.

    Funds flow provided by operations netback per boe or FFO netback per boe, is a non-GAAP ratio that includes all cash generated from operating activities and is calculated before changes in non-cash assets and liabilities, divided by produced oil and natural gas sales volumes. The Company considers funds flow provided by operations netback per boe to be a key measure as it demonstrates Parex’s profitability after all cash costs relative to current commodity prices.

    Basic funds flow provided by operations per share or FFO per share, is a non-GAAP ratio that is calculated by dividing funds flow provided by operations by the weighted average number of basic shares outstanding. Parex presents basic funds flow provided by operations per share whereby per share amounts are calculated using weighted-average shares outstanding, consistent with the calculation of earnings per share. The Company considers basic funds flow provided by operations per share or FFO per share to be a key measure as it demonstrates Parex’s profitability after all cash costs relative to the weighted average number of basic shares outstanding.

    Capital Management Measures

    Funds flow provided by operations, is a capital management measure that includes all cash generated from operating activities and is calculated before changes in non-cash assets and liabilities. The Company considers funds flow provided by operations to be a key measure as it demonstrates Parex’s profitability after all cash costs. A reconciliation from cash provided by operating activities to funds flow provided by operations is as follows:

      For the three months ended
      Mar. 31,   Mar. 31,   Dec. 31,
    ($000s)   2025     2024     2024
    Cash provided by operating activities $ 87,621   $ 97,412   $ 67,847
    Net change in non-cash assets and liabilities   34,323     50,895     73,354
    Funds flow provided by operations $ 121,944   $ 148,307   $ 141,201

    Working capital surplus, is a capital management measure which the Company uses to describe its liquidity position and ability to meet its short-term liabilities. Working capital surplus is defined as current assets less current liabilities.

      For the three months ended
      Mar. 31,   Mar. 31,   Dec. 31,
    ($000s)   2025     2024     2024
    Current assets $ 259,256   $ 276,113   $ 245,943
    Current liabilities   190,216     220,212     186,546
    Working capital surplus $ 69,040   $ 55,901   $ 59,397


    Supplementary Financial Measures

    “Oil and natural gas sales price per boe” is comprised of total commodity sales from oil and natural gas production, as determined in accordance with IFRS, divided by the total oil and natural gas sales volumes including purchased oil volumes.

    “Royalties per boe” is comprised of royalties, as determined in accordance with IFRS, divided by the total equivalent sales volume and excludes purchased oil volumes.

    “Net revenue per boe” is comprised of net revenue, as determined in accordance with IFRS, divided by the total equivalent sales volume and includes purchased oil volumes.

    “Production expense per boe” is comprised of production expense, as determined in accordance with IFRS, divided by the total equivalent sales volume and excludes purchased oil volumes.

    “Transportation expense per boe” is comprised of transportation expense, as determined in accordance with IFRS, divided by the total equivalent sales volumes including purchased oil volumes.

    “Dividends paid per share” is comprised of dividends declared, as determined in accordance with IFRS, divided by the number of shares outstanding at the dividend record date.

    Oil & Gas Matters Advisory

    The term “Boe” means a barrel of oil equivalent on the basis of 6 Mcf of natural gas to 1 barrel of oil (“bbl”). Boe’s may be misleading, particularly if used in isolation. A boe conversation ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6 Mcf: 1Bbl, utilizing a conversion ratio at 6 Mcf: 1 Bbl may be misleading as an indication of value.

    This press release contains a number of oil and gas metrics, including, operating netbacks and FFO netbacks. These oil and gas metrics have been prepared by management and do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods and therefore such metrics should not be unduly relied upon. Management uses these oil and gas metrics for its own performance measurements and to provide security holders with measures to compare the Company’s operations over time. Readers are cautioned that the information provided by these metrics, or that can be derived from the metrics presented in this news release, should not be relied upon for investment or other purposes.

    Any reference in this press release to short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determination of the rates at which such wells will continue production and decline thereafter and readers are cautioned not to place reliance on such rates in calculating the aggregate production of Parex.

    Distribution Advisory

    The Company’s future shareholder distributions, including but not limited to the payment of dividends and the acquisition by the Company of its shares pursuant to an NCIB, if any, and the level thereof is uncertain. Any decision to pay further dividends on the common shares (including the actual amount, the declaration date, the record date and the payment date in connection therewith and any special dividends) or acquire shares of the Company will be subject to the discretion of the Board of Directors of Parex and may depend on a variety of factors, including, without limitation the Company’s business performance, financial condition, financial requirements, growth plans, expected capital requirements and other conditions existing at such future time including, without limitation, contractual restrictions and satisfaction of the solvency tests imposed on the Company under applicable corporate law. Further, the actual amount, the declaration date, the record date and the payment date of any dividend are subject to the discretion of the Board. There can be no assurance that the Company will pay dividends or repurchase any shares of the Company in the future.

    Advisory on Forward Looking Statements

    Certain information regarding Parex set forth in this document contains forward-looking statements that involve substantial known and unknown risks and uncertainties. The use of any of the words “plan”, “expect”, “prospective”, “project”, “intend”, “believe”, “should”, “anticipate”, “estimate”, “forecast”, “guidance”, “budget” or other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements. Such statements represent Parex’s internal projections, estimates or beliefs concerning, among other things, future growth, results of operations, production, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, plans for and results of drilling activity, environmental matters, business prospects and opportunities. These statements are only predictions and actual events or results may differ materially. Although the Company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause Parex’s actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Parex.

    In particular, forward-looking statements contained in this document include, but are not limited to, statements with respect to: the Company’s focus, plans, priorities and strategies; average production guidance and capital expenditure guidance; expectations and plans regarding the Company’s drilling activity, the Company’s production profile, prospects in the Southern Llanos, the LLA-32 tuck-in acquisition, drilling and programs at LLA-34, LLA-32, Putumayo, and LLA-74; expectations about the Company’s FY 2025 tax rate; plans with respect to assessing the need for additional hedging in 2025; the anticipated terms of the Company’s Q2 2025 regular quarterly dividend, including its expectation that it will be designated as an “eligible dividend”; and the anticipated date and time of Parex’s conference call to discuss Q1 2025 results.

    These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to, the impact of general economic conditions in Canada and Colombia; an unpredictable tariff and trade environment; prolonged volatility in commodity prices; 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 in Canada and Colombia; determinations by OPEC and other countries as to production levels; competition; lack of availability of qualified personnel; the results of exploration and development drilling and related activities; obtaining required approvals of regulatory authorities in Canada and Colombia; the risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; volatility in market prices for oil; fluctuations in foreign exchange or interest rates; environmental risks; changes in income tax laws or changes in tax laws and incentive programs relating to the oil industry; changes to pipeline capacity; ability to access sufficient capital from internal and external sources; failure of counterparties to perform under contracts; the risk that Brent oil prices may be lower than anticipated; the risk that Parex’s evaluation of its existing portfolio of development and exploration opportunities may not be consistent with its expectations; the risk that Parex may not have sufficient financial resources in the future to provide distributions to its shareholders; the risk that the Board may not declare dividends in the future or that Parex’s dividend policy changes; the risk that Parex may not be responsive to changes in commodity prices; the risk that Parex may not meet its production guidance for the year ended December 31, 2025; the risk that Parex’s 2025 capital expenditures may be greater or less than anticipated; the risk that plans and expectations related to Parex’s drilling program as disclosed herein do not materialize as expected and/or at all; and other factors, many of which are beyond the control of the Company.

    Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Parex’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca).

    Although the forward-looking statements contained in this document are based upon assumptions which Management believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward-looking statements contained in this document, Parex has made assumptions regarding, among other things: current and anticipated commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future exchange rates; the price of oil, including the anticipated Brent oil price; the impact of increasing competition; conditions in general economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; receipt of partner, regulatory and community approvals; royalty rates; future operating costs; uninterrupted access to areas of Parex’s operations and infrastructure; recoverability of reserves and future production rates; the status of litigation; timing of drilling and completion of wells; on-stream timing of production from successful exploration wells; operational performance of non-operated producing fields; pipeline capacity; that Parex will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Parex’s conduct and results of operations will be consistent with its expectations; that Parex will have the ability to develop its oil and gas properties in the manner currently contemplated; that Parex’s evaluation of its existing portfolio of development and exploration opportunities is consistent with its expectations; current or, where applicable, proposed industry conditions, laws and regulations will continue in effect or as anticipated as described herein; that the estimates of Parex’s production and reserves volumes and the assumptions related thereto (including commodity prices and development costs) are accurate in all material respects; that Parex will be able to obtain contract extensions or fulfill the contractual obligations required to retain its rights to explore, develop and exploit any of its undeveloped properties; that Parex will have sufficient financial resources to pay dividends and acquire shares pursuant to its NCIB in the future; that Parex is able to execute its plans with respect to the Company’s drilling program as disclosed herein; and other matters.

    Management has included the above summary of assumptions and risks related to forward-looking information provided in this document in order to provide shareholders with a more complete perspective on Parex’s current and future operations and such information may not be appropriate for other purposes. Parex’s 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, what benefits Parex will derive. These forward-looking statements are made as of the date of this document and Parex disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

    This press release contains information that may be considered a financial outlook under applicable securities laws about the Company’s potential financial position, including, but not limited to; Parex’s FY 2025 capital expenditure guidance; Parex 2025 guidance, including anticipated Brent crude oil average prices, funds flow provided by operations netback; funds flow provided by operations, capital expenditures, free funds flow; and the anticipated terms of the Company’s Q2 2025 regular quarterly dividend including its expectation that it will be designated as an “eligible dividend”, all of which are subject to numerous assumptions, risk factors, limitations and qualifications, including those set forth in the above paragraphs. The actual results of operations of the Company and the resulting financial results will vary from the amounts set forth in this press release and such variations may be material. This information has been provided for illustration only and with respect to future periods are based on budgets and forecasts that are speculative and are subject to a variety of contingencies and may not be appropriate for other purposes. Accordingly, these estimates are not to be relied upon as indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such financial outlook. The financial outlook contained in this press release was made as of the date of this press release and was provided for the purpose of providing further information about the Company’s potential future business operations. Readers are cautioned that the financial outlook contained in this press release is not conclusive and is subject to change.

    The following abbreviations used in this press release have the meanings set forth below:

    bbl one barrel
    bbls barrels
    bbl/d barrels per day
    boe barrels of oil equivalent of natural gas; one barrel of oil or natural gas liquids for six thousand cubic feet of natural gas
    boe/d barrels of oil equivalent of natural gas per day
    mcf thousand cubic feet
    mcf/d thousand cubic feet per day
    W.I. working interest

    PDF available: http://ml.globenewswire.com/Resource/Download/974163af-5043-41d6-a129-53a272c53539

    The MIL Network –

  • MIL-OSI: Sky Quarry Signs LOI with R & R Solutions to Explore Expansion of Southwest Operations and Accelerate Market Deployment

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, May 08, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it has signed a non-binding Letter of Intent (LOI) with R & R Solutions Inc., the only permitted asphalt shingle recycler in New Mexico. The LOI represents a strategic step in Sky Quarry’s plan to expand its national network of modular waste-to-energy facilities and unlock new revenue opportunities in the Southwest.

    The proposed partnership will focus on planning the deployment of Sky Quarry’s proprietary equipment, mechanical processes, and intellectual property (IP) at R & R Solutions’ existing permitted site in Albuquerque, New Mexico. If implemented, the proposed project will support the production of high-value byproducts, including asphalt-coated limestone, sand, granules, bitumen, and structural-grade ground shingles for use in roofing, road repair, sealants, and other infrastructure applications.

    As part of Sky Quarry’s differentiated business model, the Company expects to generate revenue both from accepting asphalt shingle waste and from selling the recovered byproducts. At the proposed New Mexico site, Sky Quarry estimates that approximately 100,000 tons of asphalt shingle waste could be processed per year and believes that this could generate substantial annual revenue from collection fees and the sale of recycled materials such as granules and sand. The Company also believes that the feedstock could yield the equivalent of up to 150,000 barrels of oil when fully refined, representing additional potential revenue.

    “The opportunity to collaborate with R & R Solutions and build on an existing permitted site creates an attractive entry point for strengthening our national scale-up efforts and advancing commercialization,” said David Sealock, CEO and Chairman of Sky Quarry. “The Albuquerque region presents a particularly compelling opportunity due to its proximity to our PR Spring facility in Utah, which will serve as a regional hub for hydrocarbon extraction. Upon reaching an agreement with R&R Solutions based on the LOI, we believe that leveraging existing infrastructure and integrating operations across both sites will accelerate deployment, reduce capital intensity, and improve supply chain logistics for recovered oil products, efficiencies that we believe will drive stronger margins and long-term value.”

    Founded in 2013, R & R Solutions brings over a decade of experience as a leader in responsible recycling practices and is deeply integrated into the New Mexico construction ecosystem. “The proposed partnership with Sky Quarry will mark a strategic step forward for R & R Solutions,” said Jerry Daniele, Vice President of R & R Solutions. “We’ve built a strong foundation as the region’s only permitted shingle recycler, and we believe that this collaboration will give us the tools to expand our capabilities, accelerate growth, and deliver broader impact. It will allow us to scale the value we provide to customers and communities across New Mexico and move beyond traditional recycling into large-scale resource recovery, driving meaningful economic impact in the region.”

    About Sky Quarry Inc.

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

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

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

    Company Website
    www.skyquarry.com

    The MIL Network –