NewzIntel.com

Category: Finance

  • MIL-OSI: Top Animal Health Experts Address H5N1 Bird Flu in Trupanion Webinar

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, May 05, 2025 (GLOBE NEWSWIRE) — Trupanion (Nasdaq: TRUP), the leading provider of medical insurance for dogs and cats, will host an upcoming webinar focused on the evolving state of bird flu (H5N1) and its impact on pets, pet parents, and the veterinary community.

    The complimentary one-hour RACE®-Approved CE webinar “Bird Flu: What We Know Now” will be available on-demand on petpublichealth.org/h5n1-update/ on Thursday, May 8th, at 11:00 AM PT / 2:00 PM ET.

    Hosted by Trupanion’s Chief Veterinary/Product Officer, Dr. Steve Weinrauch, BVMS, MRCVS, the webinar features a panel of leading animal health experts, including:

    • Gail Golab, PhD, DVM, MANZCVS (Animal Welfare), DACAW: Associate Executive Vice President & Chief Veterinary Officer, American Veterinary Medical Association (AVMA)
    • Professor Scott Weese, DVM, DVSc, DACVIM: Veterinary Internist, Fellow (Canadian Academy of Health Sciences), Chief of Infection Control (Ontario Veterinary College), Director (University of Guelph Centre of Public Health & Zoonoses)
    • Professor Michael Lappin, DVM, PhD, DACVIM: Veterinary Internist, PhD (Parasitology), Director (Center for Companion Animal Studies, Colorado State University), Advisor (World Small Animal Veterinary Association One Health Committee)
    • Carrie Jurney, DVM, DACVIM (Neurology): Veterinary Neurologist, Owner (Remedy Veterinary Specialists), Founding President (Not One More Vet – NOMV)

    Presented as part of Trupanion’s Pet & Public Health Early Warning & Detection System, the webinar aims to equip veterinary professionals and pet parents with the latest information and practical guidance on avian flu in pets. 

    Panelists will delve into various topics, including:

    • Which pet populations may be at highest risk for avian flu.
    • How the virus can potentially spread to cats and dogs.
    • Current knowledge of clinical signs observed in pets.
    • Preventative steps veterinary teams can implement.
    • Data insights from North America and their potential implications for emerging cases.
    • Educational resources for both veterinary professionals and pet parents.

    Dr. Weinrauch commented, “The veterinary profession serves as a first line of defense for protecting both pets and public health. Empowering those entrusted with the care of our family pets is vital. Using real-time illness data, the Early Warning & Detection System concept aims to rapidly detect patterns and signs of illness in dogs and cats anywhere, any breed, any age, any sex, at any time.”

    To learn more and to stream the webinar, visit petpublichealth.org/h5n1-update/.

    About Trupanion’s Pet & Public Health Early Warning Detection System

    Trupanion’s Pet & Public Health Early Warning Detection System utilizes real-time pet health data from over 11,000 veterinary hospitals to rapidly identify illness and disease trends impacting companion animals. By collaborating with the Centers for Disease Control and Prevention, Boehringer Ingelheim, Mars Science & Diagnostics, the American Veterinary Medicine Association, and other leading pet and public health authorities, Trupanion aims to proactively detect and respond to potential pet and public health threats. For more information, please visit petpublichealth.org.

    About Trupanion

    Trupanion is the leader in medical insurance for cats and dogs throughout the United States, Canada, Europe, and Australia with over 1,000,000 pets enrolled. For over two decades, Trupanion has given pet parents peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada or GPIC Insurance Company. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. Policies are sold and administered in Canada by Canada Pet Health Insurance Services, Inc. dba Trupanion 309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2 and in the United States by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). Canada Pet Health Insurance Services, Inc. is a registered damage insurance agency and claims adjuster in Quebec #603927. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. For more information, please visit trupanion.com. 

    Contact: 

    Laura Bainbridge, Senior Vice President, Corporate Communications
    Gil Melchior, Director, Investor Relations
    Investor.Relations@trupanion.com

    The MIL Network –

  • MIL-OSI: FHLBank Atlanta Contributes Nearly $6 Million to Help Homeowners Safeguard their Inheritances

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is awarding a total of $5.9 million to 21 organizations committed to preventing and resolving heirs’ property issues through its Heirs’ Property Family Wealth Protection Fund (FWP).

    Heirs’ property issues arise when a homeowner passes away without a will/trust or estate plan or when a property is left to multiple beneficiaries without a plan to manage it, resulting in a tangled or fractured title.

    A 2024 Harris Poll survey sponsored by FHLBank Atlanta found that 90% of homeowners expect the equity in their home to benefit their heirs, yet 43% don’t have a will/trust or estate plan. Further, more than a third (38%) of homeowners without a will/trust or estate plan intend to leave their property to more than one heir.

    Click here to view the grant recipients of the Family Wealth Protection Fund, which are each delivering services to homeowners to resolve tangled titles, executing wills and estate plans, or provide education on heirs’ property.

    “As part of our broader work to address housing challenges, we added a program to focus on heirs’ property issues,” said FHLBank Atlanta President and CEO Kirk Malmberg. “Without the proper paperwork or legal process, it is often difficult for homeowners or their heirs to benefit from those assets, which are often purchased with the goal of building generational wealth. The organizations receiving these grants work with homeowners to resolve tangled titles, execute wills and estate plans and provide education to ensure their intended heirs can benefit from the hard-earned equity in their homes.”

    Organizations receiving the grant funding assist property owners located in low-to-moderate income areas within the FHLBank Atlanta district: Alabama, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina and Virginia.

    “In addition to our programs that provide downpayment assistance to homeowners and expand access to affordable housing, we introduced the Family Wealth Protection Fund to address another key challenge impacting the housing sector,” said FHLBank Atlanta Senior Vice President and Director of Community Investment Services Tomeka Strickland. “This program aims to help individuals ensure they have clear titles and to strengthen communities, which are impacted by neighborhood blight when homes cannot be maintained or sold.”

    About FHLBank Atlanta
    FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.  

    For more information, visit www.fhlbatl.com.

    CONTACT:
    Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com

    The MIL Network –

  • MIL-OSI China: ASEAN+3 finance ministers, central bank governors conclude meeting in Milan

    Source: People’s Republic of China – State Council News

    MILAN, May 5 — Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN), China, Japan and the Republic of Korea (ASEAN Plus Three or 10+3) finished their 28th annual meeting here on Sunday.

    Co-chaired by China and Malaysia this year, the meeting focused on global and regional macroeconomic developments and regional financial cooperation under the 10+3 framework and issued a joint statement.

    According to the statement, participants supported the updating of the strategic direction for ASEAN+3 financial cooperation and agreed to launch technical assistance tools aimed at addressing medium- to long-term structural challenges.

    Members affirmed the progress of the discussion on the Chiang Mai Initiative Multilateralization and welcomed the new director of ASEAN+3 Macroeconomic Research Office and the expansion of the ASEAN+3 Financial Think-tank Network, said the statement.

    The 10+3 also welcomed the in-depth development of the local bond market in the region and approved the concept document of the future roadmap for the Disaster Risk Financing Initiative, the statement noted.

    In his remarks, China’s Finance Minister Lan Fo’an said that the current global economic landscape is undergoing profound adjustments, with globalization facing rising trends of unilateralism and protectionism.

    Despite these challenges, he said, the ASEAN+3 regional economy has demonstrated strong resilience and held considerable growth potential.

    China stands ready to work with ASEAN+3 partners to uphold openness and inclusiveness and to deepen regional financial cooperation continuously with a view to providing stability and certainty amid global turbulence, Lan said.

    MIL OSI China News –

  • MIL-OSI USA: SEC Announces Agenda, Panelists for Roundtable on Tokenization Plus Date Change for Roundtable on DeFi

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its May 12 roundtable, “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet.”

    “Tokenization is a technological development that could substantially change many aspects of our financial markets,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “I look forward to hearing ideas from our panelists on how the SEC should approach this area.”

    The roundtable, announced in March as part of a series on crypto asset regulation, will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C. from 1 p.m. – 5:30 p.m. The event will be open to the public and webcast live on the SEC’s website. Doors will open at 12 p.m.

    For online attendance, registration is not necessary; a link to watch the event will be available on May 12 on www.sec.gov. Please register for in-person attendance.

    In addition, the date for the Crypto Task Force’s roundtable, “DeFi and the American Spirit,” has been changed from June 6 to June 9. All those who previously registered were informed of the change of date, and their registrations have carried forward to the new date. New registrations can continue to be completed.

    To learn more about the Crypto Task Force and the roundtable topics, please visit the Crypto Task Force webpage.

    *    *    *

    Agenda

    1 p.m. –

    2 p.m.

    Opening/Welcome Remarks from the U.S. Securities and Exchange Commission

    • Richard B. Gabbert, Chief of Staff, Crypto Task Force
    • Chairman Paul S. Atkins (keynote address)
    • Commissioner Caroline A. Crenshaw
    • Commissioner Mark T. Uyeda
    • Commissioner Hester M. Peirce

    2 p.m. –

    3:30 p.m.

    Evolution of Finance: Capital Markets 2.0

    Moderator:

    • Jeff Dinwoodie, Cravath

    Panelists:

    • Cynthia Lo Bessette, Fidelity
    • Eun Ah Choi, Nasdaq
    • Will Geyer, Invesco
    • Sandy Kaul, Franklin Templeton
    • Robert Mitchnick, BlackRock
    • Christine Moy, Apollo Management
    • Johnny Reinsch, Tokenized Asset Coalition
    • Christian Sabella, DTCC
    • Alex Zozos, SuperState

    3:30 p.m. –

    4 p.m.

    Break

    4 p.m. –

    5:30 p.m.

    The Future of Tokenization

    Moderator:

    • Tiffany Smith, WilmerHale

    Panelists:

    • Hilary Allen, American University Washington College of Law
    • Gene Hoffman, Chia Network
    • Johann Kerbrat, Robinhood
    • Kelly Mathieson, Canton
    • Sidney Powell, Maple Finance
    • Georgia Quinn, Securitize
    • Joshua Rivera, Blockchain Capital
    • Angela Walch, Independent Researcher

    MIL OSI USA News –

  • MIL-OSI Security: Former Teacher in New York City Charged with Distribution and Possession of Child Pornography

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

    Jay Clayton, the United States Attorney for the Southern District of New York and Christopher G. Raia, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”) announced today the arrest of SAMUEL GONZALEZ, a former teacher at an acting school in New York City.  GONZALEZ is charged with distributing and possessing child pornography, including videos depicting the sexual abuse of infants and toddlers.  GONZALEZ will be presented later today before U.S. Magistrate Judge Barbara Moses.

    U.S. Attorney Jay Clayton said: “As alleged, Samuel Gonzalez distributed a large volume of child pornography, including images of sexual abuse of children as young as a few months old.  The lasting scars from the horrific abuse of children are deeply troubling to all New Yorkers.  Together with our partners, we will relentlessly pursue those who victimize children and prosecute them to the fullest extent of the law.”

    FBI Assistant Director in Charge Christopher G. Raia said: “Samuel Gonzalez allegedly distributed thousands of pornographic images of infants and minors to an undercover federal agent over a brief period.  Gonzalez’s alleged actions grossly disregarded the victims’ welfare and repeatedly violated their privacy by sharing this twisted material.  The FBI is deeply committed to preventing crimes against children and will continue to apprehend any individual who supplies these explicit images.”   

    According to the allegations contained in the Complaint:[1]

    GONZALEZ is an actor, dancer, theater producer, and former teacher at an acting school in New York City.  In or about January 2023 and April 2023, GONZALEZ used an online messaging application to send links containing over 1,500 files of child pornography to a federal law enforcement agent acting in an undercover capacity.   In addition, in or about June 2023, federal agents executed a judicially-authorized search warrant of GONZALEZ’s apartment.  Pursuant to that warrant, federal agents seized and searched GONZALEZ’s phone and laptop, which were found to contain over 80 unique files of child pornography, including videos and images of infants and prepubescent adolescents who had not attained 12 years of age.

    *                *                *   

    GONZALEZ, 31, of Brooklyn, New York, is charged with one count of distribution of child pornography, which carries a mandatory minimum sentence of five years in prison and a maximum sentence of 20 years in prison.  GONZALEZ is further charged with one count of possession of child pornography, which carries a maximum sentence of 20 years in prison.

    The statutory maximum potential sentence in this case is prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.

    Mr. Clayton praised the outstanding investigative work of the FBI and the FBI/New York City Police Department Child Exploitation and Human Trafficking Task Force. 

    This case is being handled by the Office’s General Crimes Unit.  Assistant U.S. Attorneys Katherine Cheng and Diarra M. Guthrie are in charge of the prosecution.

    The charges contained in the Complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty. 

    [1] As the introductory phrase signifies, the entirety of the text of the Complaint and the description of the Complaint set forth herein constitute only allegations, and every fact described should be treated as an allegation.

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney Announces $202 Million Settlement with Gilead Sciences for Using Speaker Programs to Pay Kickbacks to Doctors to Induce Them to Prescribe Gilead’s Drugs

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

    Gilead Admits to Paying Hundreds of Thousands of Dollars to High Prescribers of Gilead’s HIV Drugs to Serve as Speakers at Programs and to Holding Programs at Luxury Restaurants

    Jay Clayton, the United States Attorney for the Southern District of New York; Naomi Gruchacz, the Special Agent in Charge of the New York Regional Office of the U.S. Department of Health and Human Services, Office of Inspector General (“HHS-OIG”); Christopher M. Silvestro, the Acting Special Agent in Charge of the Northeast Field Office of the Defense Criminal Investigative Service (“DCIS”), the law enforcement arm of the Department of Defense’s Office of Inspector General (“DOD-OIG”); and Christopher G. Raia, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that the U.S. has settled a civil fraud lawsuit against GILEAD SCIENCES, INC (“GILEAD”), a large pharmaceutical manufacturer, that, among other things, develops, manufactures, and sells drugs for the treatment of infectious diseases, including HIV/AIDS. The settlement resolves claims that GILEAD offered and paid kickbacks in the form of honoraria payments, meals, and travel expenses to healthcare practitioners who spoke at or attended Gilead speaker events to induce them to prescribe Stribild®, Genvoya®, Complera®, Odefsey®, Descovy®, and Biktarvy® (the “Gilead HIV Drugs”) in violation of the Anti-Kickback Statute (“AKS”) and thereby caused false claims for the Gilead HIV Drugs to be submitted to and paid by federal healthcare programs in violation of the False Claims Act.

    Under the settlement, which was approved yesterday by U.S. District Judge Paul A. Engelmayer, GILEAD agreed to pay a total sum of $202 million, of which $176,927,889.28 will be paid to the U.S. and the remainder will be paid to various states.  As part of the settlement, GILEAD also made extensive factual admissions regarding its conduct.

    U.S. Attorney Jay Clayton said: “For years, Gilead unlawfully sought to increase sales of its HIV drugs, by using its speaker programs to funnel kickbacks to doctors.  As alleged, Gilead spent tens of millions of dollars on these programs, including over $20 million in speaking fees and millions more in exorbitant meals, alcohol and travel, all in an effort to induce doctors to prescribe Gilead’s HIV drugs and drive up sales.  With this settlement, Gilead has taken responsibility for its conduct and agreed to pay a significant financial penalty.  The message is clear, companies that illegally drain taxpayer dollars from federal healthcare programs will be held accountable.”

    HHS-OIG Special Agent in Charge Naomi Gruchacz said: “This impactful settlement is the result of collaborative work by law enforcement partners, revealing Gilead’s unlawful practice of providing kickbacks to physicians under the guise of its HIV educational speaker programs.  Violations of the Anti-Kickback Statute, which in this case involved expensive HIV medications, can inappropriately influence physicians’ decision-making and divert the monies of taxpayer-funded federal healthcare programs.”

    DCIS Acting Special Agent in Charge Christopher M. Silvestro: “This settlement is the result of the partnership among law enforcement and the Department of Justice to aggressively investigate and hold accountable companies and their employees who value greed over healthcare.  Protecting TRICARE, the healthcare system for Service members and their families, and investigating kickback schemes are priorities for DCIS.”

    FBI Assistant Director in Charge Christopher G. Raia said: “This settlement ensures Gilead is held accountable for their illicit use of perks and kickbacks to entice doctors to prescribe the company’s medicine.  These types of schemes are not victimless – illegal kickbacks directly affect taxpayer funded healthcare programs.  The FBI will continue to investigate and stop healthcare companies attempting to benefit from deceitful and illegal practices.”

    As alleged in the Complaint filed in Manhattan federal court:

    The Gilead HIV Drugs are antiretroviral drugs (i.e., drugs that act against retroviruses such as HIV) used for the treatment of HIV.  These drugs are very expensive—Medicare typically paid well in excess of a thousand dollars for a one-month supply of Complera®, and significantly more for many of the other Gilead HIV Drugs.

    As part of its marketing efforts and to increase sales, Gilead conducted events known as “HIV Speaker Programs” at which a healthcare provider involved in the treatment of HIV was engaged to present a slide deck (prepared by Gilead) and facilitate discussion about one of the drugs or a topic concerning HIV (an “HIV Disease State Topic”) to other healthcare providers involved in the treatment of HIV (“Attendees”).  Gilead’s HIV Speaker Programs were often held in the evening at restaurants (“HIV Dinner Programs”).

    From January 2011 to November 2017 (the “Relevant Time Period”), Gilead conducted HIV Speaker Programs in order to promote and increase the sales of the Gilead HIV Drugs.  The HIV Speaker Programs were supposed to be educational in nature and the cost of any meals provided was supposed to be modest.  But in practice, during the Relevant Time Period, Gilead’s HIV Speaker Programs provided kickbacks to healthcare providers by: holding HIV Dinner Programs at high-end restaurants that were wholly inappropriate for educational events; allowing Attendees to attend HIV Dinner Programs on the exact same topic again and again and, thereby, obtain free lavish meals for events that held minimal educational value for them; and paying for HIV Speakers to travel to speak at desirable destinations—at times at the HIV Speaker’s request.  Further, Gilead’s compliance program failed to prevent these improper practices, even though Gilead knew that it had to comply with the AKS and the company’s own data should have put Gilead on notice of many of these abuses. 

    Many healthcare providers who received these improper kickbacks then prescribed the Gilead HIV Drugs.  As a result, federal healthcare programs paid millions of dollars in reimbursements for tainted prescriptions.

    As part of the settlement, GILEAD admitted and accepted responsibility for certain conduct alleged by the U.S., including the following:

    • Gilead paid many high-volume prescribers of HIV drugs tens or hundreds of thousands of dollars in honoraria to prepare and present as HIV Speakers.  For instance, one HIV Speaker, who received over $300,000 in total honorarium payments, wrote prescriptions for Gilead HIV Drugs that resulted in over $6 million in Medicare, Medicaid, and TRICARE payments.
    • On many occasions, Gilead covered the travel costs of HIV Speakers who traveled long distances to speak at HIV Speaker Programs at desirable travel destinations, such as Hawaii, Miami, and New Orleans.  This was sometimes in response to an HIV Speaker’s request to be booked for an HIV Speaker Program in that city.
    • Sales representatives in Gilead’s HIV therapeutic area (“Sales Representatives”) organized HIV Speaker Programs at high-end restaurants across the country.  For instance, a significant percentage of the HIV Speaker Programs held in New York City were held at expensive restaurants, such as the James Beard House, Del Posto, Asiate, Palma, Vaucluse, Ilili, and Limani.  In particular, Gilead held 157 HIV Speaker Programs at the James Beard House, making it one of Gilead’s most used venues for HIV Speaker Programs.  A dinner at the James Beard House typically included approximately six courses with alcoholic beverage pairings.
    • Sales Representatives repeatedly invited numerous doctors and other healthcare providers to attend the same HIV program over and over.  Many repeatedly attended HIV Speaker Programs covering the exact same topic, often within a short period of time.
    • Over 250 prescribers of the Gilead HIV Drugs attended HIV Dinner Programs on the same topic three times or more within a six-month period.  And over 80 of them attended five or more HIV Dinner Programs on the same topic within a six-month period.
    • Further, many healthcare providers who were paid to be HIV Speakers on a particular topic also attended HIV Dinner Programs on exactly the same topic, often within less than six months after speaking.
    • In certain instances, the same group of doctors repeatedly attended the same HIV Speaker Programs together at various restaurants.  In many instances, they attended a HIV Dinner Program less than two weeks after speaking on the same topic.
    • During the Relevant Time Period, Gilead’s policies and procedures failed to prevent Sales Representatives and Regional Directors in its HIV therapeutic area from improperly providing honoraria payments, meals, and travel expenses to healthcare providers who spoke at or attended HIV Speaker Programs to induce them to prescribe the Gilead HIV Drugs. 

    In connection with the filing of the lawsuit and settlement, the Government joined a private whistleblower lawsuit that had been filed under seal pursuant to the False Claims Act.

    *                *                *

    Mr. Clayton thanked the New York Medicaid Fraud Control Unit for their extensive collaboration in the investigation and resolution of this case, and also praised the outstanding investigative work of the FBI, HHS-OIG and DCIS.

    The case is being handled by the Office’s Civil Frauds Unit.  Assistant U.S. Attorneys Jacob M. Bergman, Allison M. Rovner, Rebecca S. Tinio, and Lucas Issacharoff are in charge of the case.

    MIL Security OSI –

  • MIL-OSI: Hanmi Financial to Participate in the D.A. Davidson 27th Annual Financial Institutions Conference

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 05, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced its participation in the D.A. Davidson 27th Annual Financial Institutions Conference on Tuesday, May 6 and Wednesday, May 7, 2025, in Scottsdale, AZ.

    Bonnie Lee, President and Chief Executive Officer, and Ron Santarosa, Chief Financial Officer, will host one-on-one and small group meetings during the conference.

    A copy of the presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company’s website at www.hanmi.com.

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

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

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

    Source: Hanmi Bank

    The MIL Network –

  • MIL-OSI: CSW Industrials Renews, Extends Revolving Credit Facility and Upsizes to $700 Million

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, May 05, 2025 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq: CSWI) today announced the renewal and extension of its existing Revolving Credit Facility, including an increase of the Facility’s commitment from $500 million to $700 million in partnership with a group of nine banks. The renewed Revolving Credit Facility has a five-year term and now matures in May of 2030.

    Joseph B. Armes, Chairman, Chief Executive Officer, and President commented, “The renewal of our Revolving Credit Facility provides us with efficient access to capital that allows the Company to be opportunistic and to act decisively on growth opportunities. I want to express my gratitude to our bank group for supporting the extension and upsizing of our Revolving Credit Facility, allowing us the opportunity to continue delivering above market growth.”

    JPMorgan Chase Bank, N.A. will serve as administrative agent. JPMorgan Chase Bank, N.A. and Truist Bank acted as the joint lead arrangers and joint bookrunners.

    About CSW Industrials
    CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The Company provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com. 

    Investor Relations

    Alexa Huerta
    Vice President Investor Relations, & Treasurer
    214-489-7113 
    alexa.huerta@cswindustrials.com

    The MIL Network –

  • MIL-OSI: KVH Industries to Host First Quarter Conference Call on May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, R.I., May 05, 2025 (GLOBE NEWSWIRE) — KVH Industries, Inc. (Nasdaq: KVHI), will announce its financial results for the first quarter that ended on March 31, 2025, on Wednesday, May 7, 2025. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Brent Bruun, CEO, and Mr. Anthony Pike, CFO.

    A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish to submit questions during or following the call may do so to IR@kvh.com.

    About KVH Industries, Inc.

    KVH Industries, Inc. is a global leader in maritime and mobile connectivity delivered via the KVH ONE® network. The company, founded in 1982, is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and more than a dozen offices around the globe. KVH provides connectivity solutions for commercial maritime, leisure marine, military/government, and land mobile applications on vessels and vehicles, including the TracNet®, TracPhone®, and TracVision® product lines, the KVH ONE OpenNet Program for non-KVH antennas, AgilePlans® Connectivity as a Service (CaaS), and the KVH Link crew wellbeing content service.

    Contact: Chris Watson
      VP, Marketing/Communications
      KVH Industries, Inc.
      401-845-2441
      cwatson@kvh.com 

            
            

    The MIL Network –

  • MIL-OSI: Callinex Mines to Present at the Metals & Mining Virtual Investor Conference May 6th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Callinex Mines Inc. (the “Company” or “Callinex”) (TSXV: CNX, OTCQX: CLLXF) based in Vancouver, British Columbia, focused on the exploration and development of its copper-gold portfolio of mineral projects today announced that Max Porterfield, CEO, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 6th.

    DATE: May 6th
    TIME: 3:00 PM ET
    LINK:  REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    About Callinex Mines Inc.

    Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the rapidly expanding Rainbow deposit at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Callinex prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59% CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz Ag, 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62% Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). The second asset in the portfolio is the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc (see news release dated May 14, 2018).  The third asset, 100% owned Point Leamington Deposit in Newfoundland, is located in one of the richest VMS and Gold Districts in Canada. Callinex prepared a pit constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news release dated October 25, 2021).

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    For additional information, please contact:

    Callinex Mines Inc.

    Max Porterfield, President and Chief Executive Officer

    Phone: (604) 605-0885

    E-mail: info@callinex.ca

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

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

    Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, completing the private placement financing, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

    The MIL Network –

  • MIL-OSI Security: Bessemer Man Sentenced to More Than Four Years in Prison for His Role in an Elder Fraud Scheme

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

    BIRMINGHAM, Ala. – A Bessemer man has been sentenced for his role in an elder fraud scheme, announced U.S. Attorney Prim F. Escalona.

    U.S. District Court Judge Anna Manasco sentenced Terrance Alonzo Pruitt, 47, to 50 months in prison. In December 2024, Pruitt was convicted by a jury of two counts of wire fraud.

    According to evidence presented at trial, in September 2023, Pruitt executed a Power of Attorney over an elderly family member with dementia without the victim’s knowledge or permission.  Between September 2023 and December 2023, Pruitt devised a scheme to defraud the victim by becoming a joint account holder on the victim’s bank accounts, changing the address on the victim’s bank accounts from the victim’s address to his address, removing two payable on death (POD) beneficiaries from one of the accounts, and adding two POD beneficiaries to another account. Pruitt then transferred $550,000 in funds from the victim’s accounts to his personal bank accounts. Pruitt used some of these funds for his own personal benefit, and he moved $500,000 to a new bank account that did not include the victim as an account holder. When confronted, Pruitt told various, inconsistent stories attempting to excuse his conduct.

    Pruitt’s sentencing range was increased because he received an enhancement for obstruction of justice after it was determined that he committed perjury when he testified in his own defense at trial.

    The FBI investigated the case. Assistant U.S. Attorneys Ryan S. Rummage and Brett Janich prosecuted the case.

    Reporting from consumers about fraud and attempted fraud is critical to law enforcement’s efforts to investigate and prosecute schemes targeting older adults. If you or someone you know is age 60 or older and has been a victim of financial fraud, help is standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This U.S. Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim, and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud, and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is staffed 10am-6pm Eastern Time, Monday-Friday. English, Spanish, and other languages are available.  More information about the Department’s elder justice efforts can be found on the Department’s Elder Justice website, www.elderjustice.gov.  Victims are encouraged to file a complaint online with the FBI’s Internet Crime Complaint Center at this website or by calling 1-800-225-5324.  

    MIL Security OSI –

  • MIL-OSI Security: Rochester Man Pleads Guilty to Stealing $168,000 From His Employer

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

    BUFFALO, N.Y. – U.S. Attorney Michael DiGiacomo announced today that Michael Torres, 37, of Rochester, NY, pleaded guilty before U.S. Magistrate Judge Jeremiah J. McCarthy to financial institution fraud, which carries a maximum penalty of 30 years in prison and a fine of $1,000,000.

    Assistant U.S. Attorney Douglas A. C. Penrose, who is handling the case, stated that between September 2021 and February 2022, Torres was employed as a Relationship Manager at Financial Institution 1. While in this position, he misused his position to apply for loans through Financial Institution 1 in the names of individuals without their knowledge or authorization. Torres applied for 19 loans for a total of $168,000, which was deposited into bank accounts that he controlled.

    The plea is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Matthew Miraglia.

    Sentencing will be scheduled at a later date.

    MIL Security OSI –

  • MIL-OSI Europe: Press release – EP TODAY – Monday, 5 May

    Source: European Parliament 3

    Last-minute press briefing at 16:30

    The Parliament’s Spokesperson and the Press Service will hold a press briefing on this week’s plenary session at 16:30. Follow the last-minute briefing live.

    Journalists wishing to take part and ask questions should please connect via Interactio.

    Remembering Pope Francis

    After the opening of the plenary session, EP President Roberta Metsola will make a statement on the passing of Pope Francis, followed by contributions from one speaker per political group. MEPs will then observe a minute’s silence.

    Andreas KLEINER

    (+32) 498 98 33 22

    EuroParlPress

    Estefania NARRILLOS

    (+32) 498 98 39 85

    EuroParlPress

    MEP’s expectations for the EU-UK summit on 19 May

    From around 17:45, MEPs, Commissioner Šefčovič and Polish Minister for EU Affairs Szłapka will debate their priorities and demands for the first EU-UK summit on British soil since Brexit. Among other topics, the 19 May summit is expected to focus on defence cooperation, opportunities for young people, and trade issues.

    Viktor ALMQVIST

    (+32) 470 88 29 42

    EP_ForeignAff

    In brief

    Combating fraud. From around 19:00, MEPs will discuss Parliament’s 2023 report on how to protect the EU’s financial interests and combat fraud with Commissioner Serafin. The vote will take place on Tuesday.

    European Investment Bank. From around 20:00, MEPs, EC Vice-President Fitto and Robert de Groot, Vice-President of the European Investment Bank, will assess the Bank’s financial activities in 2023. The vote will take place on Tuesday.

    Economic and social cohesion. From around 21:00, Parliament will debate with EC Vice-President Fitto progress and obstacles to economic and social cohesion in the EU. The vote will take place on Thursday.

    Live coverage of the plenary session can be found on Parliament’s webstreaming site and on EbS+.

    For detailed information on the session, please also see our newsletter.

    Find more information regarding plenary.

    MIL OSI Europe News –

  • MIL-OSI: GraniteShares ETFs Announces Change to the Investment Objective on one of its Inverse Leveraged ETFs

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) — As announced on March 05, 2025 the investment strategy for the GraniteShares 1x Short COIN Daily ETF (ticker: CONI) will be amended and result in a new fund name and a new leverage factor.

    Effective May 05, 2025, CONI will aim to replicate -2 times the daily variations of Coinbase Global, Inc. The fund will be renamed the GraniteShares 2x Short COIN Daily ETF

    CONI’s CUSIP, ticker and listing venue are not impacted.

    TICKER SYMBOL CURRENT FUND NAME CURRENT LEVERAGE FACTOR NEW FUND NAME NEW LEVERAGE FACTOR
    CONI GraniteShares 1x Short COIN Daily ETF -100 % GraniteShares 2x Short COIN Daily ETF -200 %

    Coinbase Global, Inc. (COIN) is a financial technology company that provides end-to-end financial infrastructure and technology for the crypto economy.

    COIN offers retail users the primary financial account for the crypto economy, institutions a marketplace with a liquidity for transacting in crypto assets, and ecosystem partners technology and services that enable them to build crypto-based applications and accept crypto assets as payment.

    ABOUT GRANITESHARES

    GraniteShares is an entrepreneurial ETF provider focused on providing innovative, cutting-edge alternative investment solutions. It was founded in 2016 by William “Will” Rhind, a well-known figure in the ETF industry, with backing from Bain Capital Ventures and other leading ETF investors. GraniteShares listed its first ETF in the United States in 2017 and its U.S. ETF offerings include a broad-based commodity index fund, physically backed gold and platinum funds and a high-income pass-through securities index fund.

    RISK FACTORS AND IMPORTANT INFORMATION

    Link to Prospectus: https://graniteshares.com/media/qhccrfmc/grsh-coni-prospectus-summary.pdf

    This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. Please read the prospectus before investing.

    The Fund is not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

    The Fund seeks daily leveraged investment results and is intended to be used as short-term trading vehicles. This Fund attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of its underlying stock (a Leverage Long Fund).

    Investors should note that such Leverage Long Fund pursues daily leveraged investment objectives, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its underlying stock. The volatility of the underlying security may affect a Funds’ return as much as, or more than, the return of the underlying security.

    Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock’s performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock’s performance increases over a period longer than a single day.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus.

    This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    The MIL Network –

  • MIL-OSI: Valueex (VUEE) Exchange Opens IEO Window, Leading New Opportunities in Global Blockchain Investment

    Source: GlobeNewswire (MIL-OSI)

    Fresno, CA, May 05, 2025 (GLOBE NEWSWIRE) — In an era where blockchain technology and digital assets are rapidly rising, Initial Exchange Offerings (IEOs) have become an important avenue for investors to engage with emerging projects. Valueex Exchange (VUEE), a technology-driven global fintech platform, has officially announced the launch of its IEO window, providing global investors with secure, transparent, and efficient investment opportunities in blockchain projects. With its advanced technology, strict compliance, and outstanding market performance, VUEE is becoming a pioneer in the IEO space, helping investors seize new opportunities in the digital economy.

    IEO Window: Connecting Innovation and Wealth

    Established in 2023 and headquartered in Sydney, Australia, Valueex Exchange is founded by a team of top experts in the fintech field, dedicated to creating a leading global one-stop trading platform. VUEE’s IEO window will provide investors with direct access to high-quality blockchain projects, covering cutting-edge areas such as decentralized finance (DeFi), Web3 applications, and metaverse technology. Through VUEE’s IEO platform, investors can acquire rigorously vetted high-potential project tokens, enjoying the value appreciation opportunities of early investments.

    The IEO process at VUEE is user-centric, leveraging an advanced technological framework to ensure a simple and efficient participation experience. The platform supports stablecoin transactions (such as USDT and USDC), reducing the complexities of cross-border investments, while utilizing AI-driven analytical tools to provide users with project evaluations and investment recommendations. Whether for blockchain-curious newcomers or seasoned investors seeking high returns, VUEE’s IEO window offers a secure and trustworthy entry point for investment.

    Compliance and Security: The Solid Assurance of IEO

    Valueex Exchange understands that trust is key to the success of IEOs. The platform holds two authoritative licenses: a U.S. Registered Investment Advisor (RIA) and a Money Services Business (MSB), and is regulated by the U.S. Securities and Exchange Commission (SEC). It strictly adheres to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. VUEE’s screening process for IEO projects is particularly rigorous, requiring all listed blockchain projects to pass multiple rounds of due diligence to ensure their technical feasibility, team backgrounds, and market potential.

    By collaborating with global regulatory bodies and leading companies in the blockchain industry, VUEE has built a robust compliance and security ecosystem. Its blockchain technology applications and multilayer encryption protocols safeguard user funds and transaction data, providing a worry-free investment environment for IEO participants. U.S. investors can receive localized support through VUEE’s studio in Fresno, California (address: 265 E River Park Circle, Fresno, CA 93720), further enhancing participation confidence.

    Technological and Market Advantages: The Cornerstone of IEO Success

    Valueex Exchange’s IEO window relies on its advanced technology platform to offer users a seamless investment experience. The platform’s high-frequency trading system and blockchain integration technology ensure fast and stable transactions during the IEO period. Its AI-driven one-click financial tool intelligently recommends suitable IEO projects based on user risk preferences, helping investors optimize returns. The stablecoin trading model allows global users to participate in investments with dollar-pegged assets, mitigating exchange rate fluctuation risks.

    VUEE’s market performance further substantiates its potential in the IEO space. Since its inception, the platform has attracted over 500,000 registered users globally, with an average daily trading volume exceeding $1 billion. After entering the U.S. market in 2025, VUEE quickly garnered support from 30,000 American users, showcasing its strong brand appeal. This market trust lays a solid foundation for the success of the IEO window, attracting numerous high-quality blockchain projects to choose VUEE as their issuance platform.

    Future Vision: IEO Driving Global Innovation

    The IEO window at Valueex Exchange is not only an opportunity for investors but also a catalyst for innovation in the blockchain industry. VUEE plans to support more transformative projects through IEOs, promoting global development in areas such as DeFi, NFTs, and the metaverse. The platform will continue to deepen its technological research and development, optimize the IEO process, and expand into European, Asian, and South American markets, providing global investors with more diversified blockchain investment options.

    A VUEE spokesperson stated, “The IEO window is another milestone in empowering global investors. With stringent compliance standards and leading technology, VUEE is committed to offering users secure and efficient blockchain investment channels, helping them seize opportunities in the digital economy.”

    Seize the IEO Opportunity, Join Valueex

    Valueex Exchange’s IEO window opens the door to the future of blockchain for investors. Whether exploring the potential of emerging projects or realizing global asset appreciation, VUEE offers a trustworthy platform. Visit valueexchanges.com to learn more about the IEO window and join the global blockchain investment wave.

    Media Contact:
    Valueex Exchange

    Email: service@valueexchanges.com

    Website: valueexchanges.com

    Contact Person: SILAMPARASAN RAJIN DRAN

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

    The MIL Network –

  • MIL-OSI: Aemetis to Review First Quarter 2025 Financial Results on May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., May 05, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its first quarter 2025 earnings report:

    Date: Thursday, May 8, 2025

    Time: 11 am 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

    Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call.

    The webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings.

    The voice recording will be available through May 15, 2025 by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52416. After May 15th, the webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls.

    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

    The MIL Network –

  • MIL-OSI: The Keg Royalties Income Fund Enters into a Letter of Intent in Respect of a Proposed Acquisition of All Issued and Outstanding Units at $18.60 per Unit

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. News wire services or dissemination in the U.S.

    VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that it has entered into a letter of intent (the “Letter of Intent”) pursuant to which one or more affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax”) would acquire all of the issued and outstanding units of the Fund (“Units”) other than those Units already owned by Fairfax (including any Units issuable in respect of securities exchangeable into Units (the “Exchangeable Units”)), at a purchase price of $18.60 per Unit (the “Offer Price“), payable in cash (the “Proposed Transaction”).

    The Offer Price represents a 30.8% premium to the closing price for the Units on May 2, 2025, and a 34.7% premium to the 20-day volume weighted average trading price as of the end of trading on May 2, 2025.
    The Proposed Transaction would not be subject to any financing condition.

    The Letter of Intent was entered into following negotiations between Hamblin Watsa Investment Counsel Ltd. (“HWIC”), in its capacity as investment manager on behalf of Fairfax, and the board of trustees of the Fund (the “Trustees”), each of whom is independent. The Trustees determined to enter into the Letter of Intent after carefully evaluating the financial terms of the Proposed Transaction and receiving advice from the Fund’s independent financial and legal advisors.

    The largest holder of outstanding Units (without taking into account any Exchangeable Units held by Fairfax), which currently holds 14.6% of the issued and outstanding Units on an undiluted basis (representing 9.9% of the Units on a fully diluted basis, including the Exchangeable Units), has entered into an agreement with HWIC, in its capacity as investment manager on behalf of Fairfax, to support the Proposed Transaction, subject to certain customary conditions.

    In connection with their continued review of the Proposed Transaction, the Trustees have retained an independent valuator to prepare a formal valuation of the Units (the “Formal Valuation“) as required under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“) and provide an opinion that, subject to the assumptions, limitations and qualifications to be set forth in any written opinion, the consideration to be received by the holders of Units (other than Fairfax) pursuant to the Proposed Transaction is fair, from a financial point of view, to the holders of Units (other than Fairfax) (a “Fairness Opinion”).

    The Letter of Intent is not a definitive agreement with respect to the Proposed Transaction, and the execution of a definitive agreement in respect of the Proposed Transaction, if any, remains subject to, among other things, (i) the negotiation and execution of a definitive agreement on terms satisfactory to the Fund and Fairfax, (ii) final approval of the Proposed Transaction by the Trustees, and (iii) receipt of the Formal Valuation and Fairness Opinion satisfactory to the Trustees. The consummation of the Proposed Transaction would be subject to various conditions customary for transactions of this nature, including, among others, (i) receipt of any required regulatory, court and stock exchange approvals, and (ii) the approval of the Proposed Transaction at a special meeting of the holders of Units entitled to vote on the Proposed Transaction, including “minority approval” as defined under MI 61-101.

    Unitholders of the Fund do not need to take any action at this time in respect of the proposal from Fairfax pursuant to the Letter of Intent and should await further information from the Trustees in respect of the Proposed Transaction.

    While the Trustees have determined to enter into the Letter of Intent with respect to the Proposed Transaction, the Letter of Intent does not bind the Trustees or the Fund to enter into the Proposed Transaction, or any agreement in respect thereof, all of which remains subject to final approval by the Trustees. There can be no assurance that the Fund and Fairfax will enter into a definitive agreement in respect of the Proposed Transaction or that the Proposed Transaction will occur as proposed or at all. The Fund does not expect to make further public comment regarding the matters contemplated herein until a definitive agreement in respect of the Proposed Transaction is entered into or the Proposed Transaction is abandoned.

    Advisors

    Capital West Partners and Lawson Lundell LLP are acting as financial advisor and legal advisor, respectively, to the Trustees in respect of the Proposed Transaction. Torys LLP is acting as legal advisor to Fairfax in respect of the Proposed Transaction.

    Forward Looking Information

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This information includes, but is not limited to, statements concerning our objectives, our strategies to achieve those objectives, as well as statements made with respect to the Trustees’ beliefs, plans, estimates, projections and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “estimates”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Trustees’ expectations, estimates and projections regarding future events or circumstances. Forward-looking information in this news release, which includes, among other things, statements relating to the Proposed Transaction (including statements in respect of the execution of the definitive agreement and the consummation of the Proposed Transaction, including the satisfaction of the conditions precedent thereto, in each case, if at all), is necessarily based on a number of opinions, estimates and assumptions that the Fund considered appropriate and reasonable as of the date such statements are made in light of its experience, current conditions and expected future developments, including the assumption that the Proposed Transaction can be completed on acceptable terms and that any conditions precedent can be satisfied.

    Risks and uncertainties related to the Proposed Transaction include, but are not limited to: the possibility that the Proposed Transaction will not be completed on the terms and conditions currently contemplated; failure of the Fund and Fairfax to enter into a definitive agreement for the Proposed Transaction on terms satisfactory to the Fund and Fairfax, or at all; failure of the Fund and Fairfax to obtain the required regulatory, court, stock exchange and unitholder approvals for, or satisfy other conditions to effect, the Proposed Transaction; failure by the independent valuator to deliver a Formal Valuation and Fairness Opinion satisfactory to the Trustees at the time the definitive agreement is entered into; the risk that the Proposed Transaction may involve unexpected costs, liabilities or delays; the risk of a change in general economic conditions; the risk that, prior to the completion of the Proposed Transaction, the business of KRL (as defined below) may experience significant disruptions; the risk that any legal proceedings may be instituted against the Fund or determined adversely to the interests of the Fund; and other risk factors contained in filings made by the Fund with the Canadian securities regulators, including the Fund’s annual information form dated March 25, 2025 and financial statements and related management discussion and analysis for the financial year ended December 31, 2024 filed with the securities regulatory authorities in certain jurisdictions of Canada and available at www.sedarplus.ca.

    Although the Trustees have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to them or that they presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward- looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Fund’s expectations as of the date of this news release (or as the date they are otherwise stated to be made) and are subject to change after such date. However, the Fund disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.

    About The Keg Royalties Income Fund

    The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes “Canada’s Best Employers 2025” survey.

    For further information, contact:
    Investor Relations
    Tel: (604) 276-0242
    investorrelations@kegrestaurants.com   https://www.thekeg.com/en/keg-income-fund

    The MIL Network –

  • MIL-OSI: iBio’s First-in-Class Activin E Antibody Achieves >26% Fat Reduction Without Muscle Loss and Shows Synergy with GLP-1s in Preclinical Model

    Source: GlobeNewswire (MIL-OSI)

    • Activin E antibody demonstrates significant decrease in fat in obese mice by reducing visceral fat depots, which are strongly linked to increased risk of cardiovascular and metabolic diseases, resulting in a 26% reduction in fat mass with no loss in muscle
    • Strong synergistic effect on fat mass (77% reduction) was observed when the Activin E antibody was combined with a GLP-1 receptor agonist, resulting in total weight loss of 35.3%, 7.5% greater than GLP-1 alone

    SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) — iBio, Inc. (Nasdaq: IBIO), an AI-driven innovator of precision antibody therapies, today announced new promising preclinical data for its first-in-class Activin E antibody unveiled in January. Data from the recently completed 4-week study in diet-induced obese mice show a 26% reduction in fat mass following treatment with the Activin E antibody, with muscle mass fully preserved. These findings highlight a significant fat loss can be achieved without the double-digit weight reductions typically required by other obesity drugs.

    GLP-1 receptor agonists are effective at promoting weight loss. However, they can also reduce lean body mass, including muscle, which may limit some of the intended health benefits. In contrast, fat-specific weight loss is considered a higher-quality form of weight loss. It reduces fat—linked to lower risk of heart and metabolic diseases—while preserving muscle, which helps maintain strength, supports a healthy metabolism, and may prevent or reduce weight regain over time.

    “We believe achieving high-quality weight loss, by reducing fat mass while preserving muscle, is essential in addressing the obesity epidemic,” said Martin Brenner, DVM, PhD, Chief Executive Officer and Chief Scientific Officer of iBio. “For example, a person with a BMI of 30 is classified as obese and often has a body fat percentage exceeding 25%. Reducing fat by 25% while maintaining muscle mass and strength could shift them into a healthier weight category without compromising physical function.”

    The study also analyzed specific fat depots in obese mice and found a significant 31% reduction in subcutaneous fat. More notably, reductions of 34% and 37% were observed in the epididymal and retroperitoneal fat depots, respectively—both of which are forms of visceral fat closely linked to increased risk of cardiometabolic disease. When combined with a GLP-1 receptor agonist, the Activin E antibody produced additive effects, reducing total fat mass by 77%. Subcutaneous fat loss increased to 74%, while visceral fat depots—epididymal and retroperitoneal—were reduced by 69% and 81%, respectively. The data was presented at the 14th International BMP Conference that occurred May 2–6 in Philadelphia, Pennsylvania.

    About iBio, Inc.

    iBio (Nasdaq: IBIO) is a cutting-edge biotech company leveraging AI and advanced computational biology to develop next-generation biopharmaceuticals for cardiometabolic diseases, obesity, cancer and other hard-to-treat diseases. By combining proprietary 3D modeling with innovative drug discovery platforms, iBio is creating a pipeline of breakthrough antibody treatments to address significant unmet medical needs. Our mission is to transform drug discovery, accelerate development timelines, and unlock new possibilities in precision medicine.  For more information, visit www.ibioinc.com or follow us on LinkedIn.

    Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the therapeutic potential of Activin E as a target for cardiometabolic disorders and obesity; Activin E being a promising novel therapeutic target whose inhibition is believed to induce fat-selective weight loss and offer protection against obesity and cardiometabolic disease; plans to rapidly advance testing of the antibody in more complex models; the in-licensed antibody being the first functional inhibitor of Activin E; inhibiting Activin E-mediated signaling offering a novel therapeutic strategy to reduce internal abdominal fat while preserving muscle mass potentially reversing obesity, preventing diabetes, and improving overall cardiometabolic health. As one of several cellular components involved in cardiometabolic regulation; Activin E, along with amylin, GLP-1 and others, having the potential to be targeted simultaneously to yield synergistic benefits for patients; and the antibody having the potential to deliver meaningful benefits to patients. While iBio believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of Activin E to be a successful target for cardiometabolic disorders and obesity and iBio’s antibody to induce fat-selective weight loss and offer protection against obesity and cardiometabolic disease; iBio’s ability to obtain regulatory approvals for commercialization of its product candidates, or to comply with ongoing regulatory requirements; regulatory limitations relating to iBio’s ability to promote or commercialize its product candidates for specific indications; acceptance of iBio’s product candidates in the marketplace and the successful development, marketing or sale of products; and whether iBio will incur unforeseen expenses or liabilities or other market factors; and the other factors discussed in iBio’s filings with the SEC including its Annual Report on Form 10-K for the year ended June 30, 2024 and its subsequent filings with the SEC on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and iBio undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Corporate Contact:
    iBio, Inc.
    Investor Relations
    ir@ibioinc.com

    Media Contacts:
    Ignacio Guerrero-Ros, Ph.D., or David Schull
    Russo Partners, LLC
    Ignacio.guerrero-ros@russopartnersllc.com
    David.schull@russopartnersllc.com
    (858) 717-2310 or (646) 942-5604

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Northern Advisory Group

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that 10 financial advisors with Northern Advisory Group have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $300 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.

    Partners Richard DiTaranto, Brian DiBrino and Jeff Miller, who have a combined eight decades of wealth management experience, teamed up in 2004 to launch Northern Advisory Group. The ensemble practice is headquartered in Fairfield, N.J., and includes fellow financial advisors Anthony Fresella, Daniel Greenwood, Griffin Durand, Robert Kelley, Seamus Nelson, Jaret Mittenthal and Damien DiTaranto — Richard’s son. Together, the group takes a holistic approach to helping their clients work towards their fiscal goals.

    “We really take the time to understand our clients’ fiscal goals — both in the short and long-term — by asking where they would like to be in 10-, 15-, 20-years,” DiBrino said. “Using that information, we put together a customized plan, get our clients’ buy-in and then work with them to make adjustments over the years to help them pursue their financial goals.”

    “Client education is key because we want our clients to understand the process and take an active role in their financial futures,” DiTaranto said. “We want them to ask questions and take a vested interest in how their money is invested. After all, the best client is an educated client.”

    Looking for enhanced service experiences and a more robust technology platform, the Northern Advisory team made the move to LPL after an in-depth due diligence process.

    “It was the campus visit that sealed the deal for me,” DiBrino said. “We had only been there for about 15 minutes when I said, ‘This is the spot for us.’ I was impressed by several things during that visit, such as how it was made clear that we are the client and LPL is here to serve us. I also appreciated learning that 90% of calls are picked up by a real person within 30 seconds and most issues are resolved during that first call. I am confident that partnering with LPL is the right choice for the next phase of our business.”

    DiTaranto added, “With LPL’s technology platform, our clients are going to appreciate the single sign-on, and the service LPL provides is second to none. By moving to LPL, not only will we be better able to serve our clients today, but we can grow our business into something generational — allowing Northern Advisory Group to serve clients for years to come.”

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome the team at Northern Advisory Group and congratulate them on this milestone in the evolution of their practice. As a leading wealth management firm, LPL is committed to delivering innovative technology and comprehensive business solutions to help advisors differentiate their practices and increase value for their clients. We look forward to supporting Northern Advisory Group in this next chapter of their business.”

    Related

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

    About LPL Financial

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

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

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

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

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

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #730850

    The MIL Network –

  • MIL-OSI: IDI Integrates with Ping Identity’s PingOne DaVinci to Deliver Powerful Identity Insights Across the Consumer Journey

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 05, 2025 (GLOBE NEWSWIRE) — Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT) and leader in identity verification and risk mitigation, today announced a new integration with Ping Identity, a leader in securing digital identities for the world’s largest enterprises, which leverages PingOne DaVinci™, a no-code identity orchestration service. The strategic relationship will expand industry access to IDI’s leading AI/ML-powered technology platform and comprehensive identity graph of consumer identity insights, enabling relying parties to verify identities, manage risk, and detect and prevent fraud, all while mitigating friction and enhancing the consumer experience.

    IDI joins a growing network of technology partners developing integrations with DaVinci through the Ping Identity Global Technology Partner Program. Partner solutions that integrate with DaVinci deliver an improved customer experience in a fraction of the time, through easy drag-and-drop design of digital user journeys across multiple applications and ecosystems.

    IDI’s coreIDENTITY™ DaVinci connector offers a comprehensive and highly configurable suite of identity solutions for the full consumer lifecycle, including:

    Identity Data Verification: Instantly verify the trustworthiness of claimed identity attributes such as name, Social Security number (SSN), date of birth, and address.

    Identity Data Refresh: Seamlessly update consumer records and improve contact rates with up-to-date phone numbers, emails, and mailing addresses.

    Application Pre-fill: Reduce friction and meet consumer privacy expectations by leveraging IDI to instantly and reliably pre-fill online application forms.

    Fraud Detection and Prevention: Detect and prevent fraud with access to IDI’s synthetic ID flag and other risk indicators associated with a consumer’s SSN, address history, criminal background, phone signals, and more.

    KYC Compliance: Facilitate compliance with KYC requirements via OFAC and other authoritative data sources available via coreIDENTITY.

    “We are thrilled to partner with Ping Identity to expand access to IDI’s ground-breaking suite of identity intelligence solutions,” said James Frasche, Chief Operating Officer at IDI. “This alliance underscores our commitment to innovation and makes it easier than ever for businesses and public sector agencies to seamlessly integrate IDI’s insights into their workflows. Together, we’re empowering organizations to make smarter, faster decisions with unparalleled confidence.”

    “Ping Identity is committed to expanding our technology partner ecosystem to deliver better, more frictionless customer experiences,” said Loren Russon, SVP of product management at Ping Identity. “Our collaboration with IDI leverages DaVinci’s seamless orchestration to ensure dynamic user journeys are delivered quickly and efficiently at every stage of the user journey.”

    For more information on IDI’s work with Ping Identity click here.

    About IDI
    At IDI, we deliver innovative identity intelligence solutions. Our proprietary technologies and advanced analytical capabilities empower organizations to operate with confidence, providing real-time identification and location of individuals, businesses, assets, and their interrelationships. With a focus on identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition, our intelligent platform, CORE™, caters to organizations of all sizes, transforming data into intelligence for frictionless commerce, safety, and reduced fraud.

    For more information, please visit www.ididata.com.

    About Ping Identity
    Ping delivers unforgettable user experiences and uncompromising security. We make crafting digital experiences simple for any type of user—partners, customers, employees, and beyond. We are anti-lock-in. That means integration with existing ecosystems, clouds, and on-prem technologies is simple. Out-of-the-box templates let businesses leverage our identity expertise to give their users frictionless experiences. Whether they’re building a foundation of modern digital identity, or out-innovating their competitors with cutting-edge services like digital credentials, AI-driven fraud prevention and governance, Ping is the one-stop shop for game-changing digital identity.

    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, including whether the strategic relationship between IDI and Ping Identity will expand industry access to IDI’s leading AI/ML-powered technology platform and comprehensive identity graph of consumer identity insights and whether the alliance between IDI and Ping Identity will make it easier than ever for businesses and public sector agencies to seamlessly integrate IDI’s insights into their workflows. 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 and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake 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.

    IDI Investor Relations:
    Camilo Ramirez
    Red Violet, Inc.
    561-757-4500
    ir@redviolet.com

    LinkedIn: https://www.linkedin.com/company/interactive-data-llc
    X: @IDIData
    Facebook: https://facebook.com/ididata

    Ping Identity Media Relations:
    press@pingidentity.com 
    774.451.5142

    The MIL Network –

  • MIL-OSI: Enphase Energy to Hold 2025 Annual Meeting of Stockholders on May 14, 2025

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., May 05, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it will be holding its 2025 Annual Meeting of Stockholders on May 14, 2025 at 9:00 a.m. Pacific Time. The meeting will be held at Enphase’s headquarters at 47281 Bayside Parkway, Fremont, CA 94538.

    Further information regarding the Annual Meeting, including how to vote and participate, is included in Enphase Energy’s 2025 Proxy Statement that has been made available to stockholders and filed with the Securities and Exchange Commission.

    After the conclusion of the formal portion of the Annual Meeting of Stockholders, there will be a brief recess. Badri Kothandaraman, president and CEO of Enphase Energy, will then give a presentation beginning at approximately 9:30 am Pacific Time that can be accessed:

    For more details about Enphase’s 2025 Annual Meeting of Stockholders and CEO Presentation, please visit the Investor Relations website.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Contact:

    Zach Freedman
    Enphase Energy, Inc.
    Investor Relations
    ir@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: SHARC Energy Announces Board of Director Changes

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is pleased to announce that Fred Andriano has been named Chairman of the Board of Directors (“BOD”) and Executive Officer. Mr. Andriano replaces SHARC Energy’s founder Lynn Mueller as Executive Chairman. Mr. Mueller will remain on the Board as Vice Chairman and Executive Officer of the Company.

    Mr. Andriano has extensive experience and expertise in finance, accounting, corporate governance, mergers and acquisitions. He has been in the heating and cooling energy sector for 20 years. He formally was the Vice President of Finance and Administration – NIBE North America for NIBE Industrier AB. Prior to that he was Chief Financial Officer, Treasurer and Secretary for WaterFurnace International, Inc. Furthermore, he spent 6 years as Chief Financial Officer of a regional M&A firm.

    “I am very appreciative for the opportunity to help guide the Company’s Board and management team as we strategize for expansion and growth. The Company has tremendous products, applications and dedicated team members and it’s time we leveraged their strengths while we continue to build awareness of the opportunities SHARC Energy’s products present to the heat transfer sector,” stated Mr. Andriano.

    Mr. Mueller added, “The additions of Michael as CEO and Fred as Executive Chair marks a significant day in the evolution of SHARC Energy’s maturity,” says Mr. Mueller. “These moves validate SHARC Energy as an emerging player in the industry with superior Wastewater Energy Transfer products and proven executives with successful track records in the thermal energy, heat transfer and hydronic space to augment the team.”

    The appointment will strategically accelerate the Company’s growth and improve its ability to expand its markets, products and geographical reach. The Company anticipates future strategic moves enabling SHARC Energy to grow revenue and improve profitability.

    The Company also has the bittersweet task of announcing the BOD has accepted the retirement and resignation of Eleanor Chiu. Mrs. Chiu has been a director for just shy of six years, consistently adding valued insight, business acumen and astute counsel to both management and the Board. She leaves SHARC Energy as a strong believer and long-term shareholder, holding 5% of the Company.

    “I am pleased to be leaving the BOD in good hands with addition of Fred as Chairman. In the short time that I have known Fred, he brings a strong understanding of the corporate governance policies and procedures needed for a public company to grow and mature. With the additions of Michael and Fred to augment Lynn and Hanspaul, I remain confident in the opportunity SHARC Energy and Wastewater Energy Transfer present,” says Mrs. Chiu.

    “Eleanor has been an important member of the Board and she will be dearly missed. I have leaned on her for nearly six years. She will always be remembered as one of the instrumental members that built the foundation the Company will grow on for years to come. Thank you Eleanor,” stated Mr. Mueller.

    Mr.Andriano will take over Mrs. Chiu role as Chairman of the Audit Committee going forward.

    About SHARC Energy  
    SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

    SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

    Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC

    ON BEHALF OF THE BOARD

    Fred Andriano
    Chairman of the Board

    The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements 

    Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 

    The MIL Network –

  • MIL-OSI: MARA Announces Bitcoin Production and Mining Operation Updates for April 2025

    Source: GlobeNewswire (MIL-OSI)

    Energized Hash Rate Grew 5.5% to 57.3 EH/s
    Increased BTC Holdings* to 48,237 BTC

    Fort Lauderdale, FL, May 05, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin (“bitcoin” or “BTC”) mining, to monetize excess energy and optimize power management, today published unaudited bitcoin production updates for April 2025.

    Management Commentary

    “In April, our production saw a 15% month-over-month decrease in blocks won, as global hashrate had its second largest monthly gain on record and mining difficulty grew 8% from March,” said Fred Thiel, MARA’s chairman and CEO. “Despite these headwinds, our energized hashrate grew 5.5% over the prior month. We completed a 50-megawatt (“MW”) expansion at our fully owned data center in Ohio, bringing total operational capacity to 100 MW, with the site designed to scale up to 200 MW. Additionally, we installed over 12,000 S21 Pro miners at the location.

    “Last month, we fully energized our 25 MW gas-to-power operations across wellheads in North Dakota and Texas. These sites currently provide us with our lowest cost per BTC mined while monetizing excess gas and mitigating methane emissions for the producers.

    “We remain laser-focused on transforming MARA into a vertically integrated digital energy and infrastructure company. We believe this model gives us tighter operational control, improves cost-efficiency, and makes us more resilient to shifts in the broader economy.”

    Operational Highlights and Updates

    Figure 1: Operational Highlights

    Prior Month Comparison   Prior Month Comparison  
    Metric   4/30/2025     3/31/2025     % Δ  
    Number of Blocks Won 1     205       242       (15 )%
    BTC Produced     705       829       (15 )%
    Average BTC Produced per Day     23.5       26.8       (12 )%
    Share of available miner rewards 2     5.1 %     5.8 %     NM  
    Transaction Fees as % of Total 1     1.3 %     1.3 %     NM  
    Energized Hashrate (EH/s) 1     57.3       54.3       5.5 %
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    As of April 30, 2025, the Company held a total of 48,237 BTC*. MARA opted not to sell any BTC in April.

    *Includes loaned and collateralized bitcoin

    Investor Notice

    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to scaling our data center in Ohio, mitigating methane emissions at our gas-to-power operations in North Dakota and Texas and expected benefits of transforming from an asset-light model into a vertically integrated digital energy and infrastructure company. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ: MARA) is a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin mining, to monetize excess energy and optimize power management. We are focused on two key priorities: strategically growing by shifting our model toward low-cost energy with more efficient capital deployment and bringing to market a full suite of solutions for data centers and edge inference – including energy management, load balancing and advanced cooling.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: marathon@wachsman.com

    The MIL Network –

  • MIL-OSI: Descartes Sets Date to Announce First Quarter Fiscal 2026 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    WATERLOO, Ontario and ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its first quarter fiscal 2026 financial results after market close on Wednesday, June 4, 2025.

    Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605.

    The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand.

    Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.

    About Descartes Systems Group

    Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and X (Twitter).

    Descartes Investor Contact
    Laurie McCauley
    (519) 746-2969
    investor@descartes.com

    The MIL Network –

  • MIL-OSI: Hyperscale Data Announces Preliminary $25 Million in Revenue for Q1 2025, Provides Full-Year Guidance of $115–$125 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 05, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced preliminary financial results for the first quarter of 2025, which ended March 31, 2025, with revenue surpassing $25 million. The Company also issued guidance for the full fiscal year 2025, projecting revenue between $115 million and $125 million. The Company notes year-over-year growth at its subsidiaries, Ault Global Real Estate Equities, Inc., Circle 8 Crane Services, LLC and TurnOnGreen, Inc.

    In the first quarter, Hyperscale Data recognized a significant one-time gain of approximately $9.7 million due to the deconsolidation of Avalanche International, Corp. Additionally, the Company is continuing to transition its Michigan data center into a cutting-edge artificial intelligence (“AI”) data center, positioning itself at the forefront of AI infrastructure and service growth.

    “2025 is off to a strong start with growth across several of our core businesses,” said William B. Horne, Chief Executive Officer of Hyperscale Data. “Our transition of the Michigan facility to an AI data center and partial divestment of non-core assets are key milestones as we position Hyperscale Data for long-term success.”

    The Company’s strategic transition and focus on high-growth sectors are designed to ensure that Hyperscale Data is prepared to capture emerging opportunities and deliver sustained value to its stockholders. The Company encourages stockholders to read the About Hyperscale Data, Inc. section for information regarding the upcoming divestiture of certain Company assets.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: NNIT A/S: NNIT adjusts 2025 outlook and publishes Q1 figures

    Source: GlobeNewswire (MIL-OSI)

    The first quarter financial performance was expected to be moderate, but the increased macroeconomic and geopolitical uncertainty has impacted NNIT to a larger extent than expected. Based on the realized results and the continued uncertainty, NNIT adjusts the 2025 financial outlook.

    Given the current uncertainty, organic revenue growth is expected to be 0% to 5% (previously 7% to 10%), which is due to postponement of projects and the sales pipeline materializing at a slower pace than planned as customers are hesitating to engage in new contracts, especially within Life Science. Expectations for the Group operating profit margin excluding special items are maintained at 7% to 9% as NNIT is significantly reducing its cost base by adjusting capacity and lowering general spending across regions and on corporate level. Special items are expected to be up to last year’s level of DKK 69m (previously expected to be below the 2024 level) mainly driven by further restructuring costs.

    NNIT generated Q1 2025 Group revenue of DKK 464m (Q1 2024: DKK 463m). The organic growth was negative by 0.8% (Q1 2024: 8.0%) due to Region Europe and Region US. Group operating profit excl. special items was DKK 18m (Q1 2024: 24m), equal to a margin of 3.9% (Q1 2024: 5.2%). Profit and margin were mainly impacted by Region Europe and a decrease in Region Denmark driven by overcapacity following the postponement of a large contract, which has been signed in Q2, and the loss of a large public tender. Special items for the Group amounted to DKK 25m (Q1 2024: income DKK 11.3m) primarily driven by restructuring costs.

    Financial figures, DKK million Q1 2025 Q1 2024 FY 2024
    GROUP      
    Revenue 464 463  1,851
    Group operating profit excl. special items 18 24 117
    Group operating profit margin excl. special items 3.9% 5.2% 6.3%
    Special items 25 -11 69
           
    REGION EUROPE      
    Revenue 119 126 512
    Regional operating profit 12 14 67
    Regional operating profit margin 10.0% 11.2% 13.0%
           
    REGION US      
    Revenue 87 93 346
    Regional operating profit 26 18 73
    Regional operating profit margin 30.4% 19.0% 21.2%
           
    REGION ASIA      
    Revenue 37 32 149
    Regional operating profit 3 -2 8
    Regional operating profit margin 7.6% -5.3% 5.2%
           
    REGION DENMARK      
    Revenue 221 212 844
    Regional operating profit 33 48 151
    Regional operating profit margin 15.1% 22.6% 17.9%

    Despite the adjustment of expectations for organic growth, NNIT maintains expectations for the Group operating profit margin excl. special items to reach 7% to 9%. NNIT has executed several cost reducing initiatives, which include capacity adjustments across the group, to minimize the impact on profitability.

    NNIT will publish the Q1 2025 trading statement on May 5, 2025, one day earlier than planned.

    For more information, please contact:

    Investor Relations
    Carsten Ringius            
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Thomas Stensbøl
    Press & Communications Manager
    Tel: +45 3077 8800
    tmts@nnit.com 

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ more than 1,700 people in Europe, Asia and USA.

    Attachment

    The MIL Network –

  • MIL-OSI: NNIT A/S: Business performance impacted by market undercetainty expected to continue. Mitigating actions taken to protect profitability

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 key highlights

    • Financial performance for the first quarter was expected to be moderate, but macroeconomic and geopolitical uncertainty increased, which impacted NNIT. The uncertainty has influenced customer behavior, especially in the three regions focusing on IT Life Science solutions, where several projects have been postponed, most predominantly in Region Europe. Group revenue amounted to DKK 464.1m, entailing flat revenue growth compared with last year.
    • Despite improving utilization and capacity adjustments made across regions during the quarter as well as tight cost focus across business areas, the group operating profit excl. special items declined to DKK 18.0m in Q1 2025 compared with DKK 23.9m in the same quarter last year. The decline was due to the lower profit generation in Region Europe and Region Denmark, partly offset by improved profitability performance in Region US and Region Asia. Group operating profit margin excl. special items was 3.9% in Q1 2025 compared with 5.2% in the same quarter last year.
    • Region Denmark growth around 4% where selected solution areas focusing on the Public sector in Denmark, is showing growth upwards at 8%. SCALES also contributed to the growth in region Denmark solidifying its position as a leader within D365 solutions.
    • Special items amounted to DKK 25.3m in Q1 2025 covering restructuring costs of DKK 20m impacting all regions, earn-out payments of DKK 3m, and IT systems and integration costs amounting to around DKK 2m.
    • The financial outlook for 2025 was adjusted on May 5, 2025 cf. company announcement 04/2025 as the current macroeconomic and geopolitical landscape has deteriorated materially since the full-year outlook communicated in February. NNIT expects to be further affected by current uncertainty why the organic growth range was adjusted to 0% to 5% (previously 7% to 10%). Group operating profit margin excl. special items was maintained at 7% to 9% due to significant cost reducing initiatives with most already having been executed. As a result of lower revenue generation caused mainly by external factors, NNIT expects to incur additional restructuring costs as special items. Special items are expected to be at up to last year’s level of DKK 69m (previously expected to be significantly below the 2024 level).

    The first quarter was more severely affected by uncertainty than expected at the beginning of the year. Hesitance among several customers of NNIT has resulted in less revenue and sales as projects are being postponed. In general, NNIT has taken action to adjust capacity to fit the current demand with several reductions completed in 2024 and leaving NNIT in a stronger position going into 2025. However, it has been necessary to take further actions to mitigate the business impact from lower revenue generation with a reduction of around 100 employees in Q1 2025. Furthermore, NNIT has carried out several cost-reducing initiatives such as putting new employments on hold and limiting all discretionary spending to a minimum with full impact from the second quarter.

    Given the current macroeconomic environment and geopolitical unrest, NNIT continues to expect that its customers will be affected, which is reflected in the adjusted full-year financial outlook.

    Pär Fors, CEO of NNIT, comments: “The business environment of NNIT has deteriorated in the first quarter of the year as especially our Life Science customers are being negatively impacted by the macroeconomic unrest. Customers are hesitant to engage in new contracts before things are stabilizing, and we are navigating this environment to continue our strategic journey at NNIT. However, the impact from the uncertainty is more severe than initially expected, why the full-year outlook has been adjusted.”

    Financial overview – Selected key figures

    NNIT A/S, DKK million Q1 2025 Q1 2024 FY 2024
    Revenue 464.1 463.4 1,851
    Revenue growth, % 0.2% 12.2% 23.4%
    Revenue growth, organic % -0.8% 8.0% 10.8%
    Group operating profit excl. special items 18.0 23.9 117
    Group operating profit margin excl. special items, % 3.9% 5.2% 6.3%
    Special items .25.3 11.3 -69
    Group operating profit incl. special items -7.3 35.2 48
    Group operating profit margin incl. special items, % -1.6% 7.6% 2.6%
           
    Free cash flow -73 -166 -40

    Conference call

    May 6, 2025, at 3:00 PM CEST: Webcast link 

    Dial in information:
    DK: +45 78 76 84 90
    SE: +46 31-311 50 03
    UK: +44 20 3769 6819
    US: +1 646 787 0157
    Participant Access code: 472855

    For more information, please contact:

    Investor Relations
    Carsten Ringius            
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Thomas Stensbøl
    Press & Communications Manager
    Tel: +45 3077 8800
    tmts@nnit.com 

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ more than 1,700 people in Europe, Asia and the USA.

    Attachments

    The MIL Network –

  • MIL-OSI: Natural Gas Services Group, Inc. Announces First Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    Midland, Texas, May 05, 2025 (GLOBE NEWSWIRE) —  Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its first quarter financial results on May 13, 2025 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company’s Q1 2025 financial and operating results for the first quarter will be disseminated via press release and made available on the Company’s website (www.ngsgi.com) after market close on May 12, 2025.

    To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial in at (800) 550-9745 and enter conference ID: 167298 at least five minutes prior to the scheduled start time. Please note that using the provided dial-in number is necessary for participation in the Q&A section of the call. A recording of the conference will be made available on our Company’s website following its conclusion. Thank you for your interest in our company’s updates.

    About Natural Gas Services Group, Inc.

    Natural Gas Services Group is a leading provider of natural gas compression equipment, technology and services to the energy industry. The Company designs, rents, sells and maintains natural gas compressors for oil and natural gas production and plant facilities, primarily using equipment from third-party fabricators and OEM suppliers along with limited in-house assembly. The Company is headquartered in Midland, Texas, with a fabrication facility located in Tulsa, Oklahoma, a rebuild shop located in Midland, Texas, and service facilities located in major oil and natural gas producing basins in the U.S. Additional information can be found at www.ngsgi.com.

    For Additional Information:

    Anna Delgado-Investor Relations
    (432) 262-2700
    ir@ngsgi.com
    www.ngsgi.com

    The MIL Network –

  • MIL-OSI Africa: Congo’s Gas Ambitions to Take Spotlight at Invest in African Energy (IAE) 2025 with High-Level Monetization Panel

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

    PARIS, France, May 5, 2025/APO Group/ —

    The Republic of Congo and its gas agenda will be at the forefront of the upcoming Invest in African Energy (IAE) 2025 Forum in Paris, which will feature a dedicated session on Monetizing Congo’s Gas Opportunities. The strategic discussion comes as Congo works to scale up gas production, build critical infrastructure and accelerate monetization efforts to meet domestic demand and strengthen its position as a regional energy exporter.

    The session will be moderated by Géraud Moussarie, Managing Partner at Sustainable Partnerships, and will bring together leading voices in the sector. Featured panelists include senior representatives from Congo’s national oil company, Société nationale des pétroles du Congo (SNPC); Rus Jiri, Sales and Development Director Africa at Neuman & Esser; and Oumar Semega, CEO of Imperatus Energy.

    IAE 2025 (apo-opa.co/43ffoPN) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Congo’s gas sector has made significant strides in recent years, with new frameworks and ambitious infrastructure projects underway. The Congo LNG project, led by Eni, aims to position the Republic of Congo as a key LNG exporter, with a total liquefaction capacity of up to 3 million tons per year through two floating LNG units – the first of which delivered its maiden cargo in February 2024.

    Equally critical is the monetization and domestic utilization of refined gas products. The Banga Kayo onshore project, led by Wing Wah, is set to play a central role by transforming previously flared gas into dry gas, LNG, LPG and polypropylene for use in the local market. Meanwhile, a new Gas Code, expected in 2025, along with the recently adopted Gas Master Plan, are laying the groundwork for sustainable sector growth by establishing clear incentives for investors, streamlining regulatory processes and promoting the development of gas infrastructure and local value chains.

    Across Africa, monetizing natural gas is increasingly seen as both an economic necessity and a catalyst for development – supporting energy access, powering industrial growth and enabling a shift toward cleaner energy sources. To date, key challenges include limited processing and transport infrastructure, constrained financing and fragmented regional markets, which continue to slow progress. Overcoming these hurdles requires coordinated policies, targeted infrastructure investment and cross-border partnerships. IAE 2025 provides a vital platform for public and private sector leaders to address these issues, promote investment and unlock the full potential of Africa’s gas value chain.

    MIL OSI Africa –

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for April 2025 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 5th of May 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

    In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Stellar ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Litecoin ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Staked Polygon ETP
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP

    Index allocation as of 30th of April (before rebalancing):

    Bitcoin 42.70%
    Ethereum: 26.23%
    XRP: 15.95%
    Solana: 8.82%
    Cardano: 2.91%
    Chainlink: 1.12%
    Avalanche: 1.07%
    Litecoin: 0.77%
    Uniswap: 0.42%

    Index allocation as of 30th of April (after rebalancing):

    Bitcoin: 40.00%
    Ethereum: 27.19%
    XRP: 16.24%
    Solana: 9.81%
    Cardano: 3.09%
    Chainlink: 1.24%
    Avalanche: 1.17%
    Litecoin: 0.79%
    Uniswap: 0.48%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for April was +4.39%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

    In April, crypto markets rebounded strongly. Solana surged +18.6%, followed by Bitcoin at +14.2% and Avalanche at +11.4%. Most other assets saw modest gains, while Ethereum dipped -1.58% and Uniswap dropped -11.6%, making it the weakest performer in the Virtune Crypto Top 10 Index ETP.

    The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in April:

    Solana: +18.6%
    Bitcoin: +14.2%
    Avalanche: +11.4%
    Chainlink: +5.91%
    XRP: +4.98%
    Cardano: +3.17%
    Litecoin: +0.77%
    Ethereum: -1.45%
    Uniswap: -11.6%

    Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact
    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –