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Category: Finance

  • MIL-OSI Africa: Ahead of Conference of the Parties (COP30), Africa champions new approach to measuring green wealth of countries and incentivizing climate action

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

    WASHINGTON D.C., United States of America, April 28, 2025/APO Group/ —

    •  Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org)
    • We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission.

    African leaders are advocating for a new approach to measuring the continent’s green wealth, emphasizing that current  gross domestic product measures in most African countries are outdated and underestimate their true wealth.

    They spoke on Thursday at an event hosted by the African Union Commission and the African Development Bank Group at the African Union Mission to the United States on the sidelines of the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF).

    “We need to talk the talk and walk the talk. It is time to turn our commitments and pledges into concrete actions,” said Ambassador Hilda Suda-Mafudze, Permanent Representative of the African Union Mission to the U.S. “We need to invest in our systems of national accounts. If we want to have accurate measures of our wealth and create a store of assets, we can leverage them to drive our ambitions of shared prosperity and sustainable development.”

    The event featured discussion of a 2024 African Development Bank Group report that found that including the value of carbon sequestered in African forests only would have resulted in an additional $66.1 billion of GDP for the continent in 2022, an expansion of about 2.2 percent. Professor Kevin Urama, African Development Bank Chief Economist and Vice President presented key findings from the report, Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa.

    Leaders emphasized that a proper valuation of Africa’s natural resources would transform the continent’s financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure.

    This call to action comes ahead of the November UN Climate Change Conference in Belém, Brazil, where African leaders are expected to press for reforms to the global economic and financial infrastructure, so these better reflect Africa’s green wealth and sustainability contributions.

    “It is time for us to redefine our identity as Africa,” said Nigerien Prime Minister Ali Lamine Zeine in a panel discussion on practical steps towards implementing the 2025 System of National Accounts (SNAs) in Africa. “Africa is underestimated. We must work strategically to change this.”

    Panelists noted that several African countries still use SNAs dating back to 1968. SNAs are an international standard system of concepts and methods  for national accounts that have been adopted by most countries worldwide.

    Madagascar’s Minister of Economy and Finance Rindra Rabarinirinarison called for more robust technology transfer and technical capacity building to enable African countries to build proper statistical systems for natural capital. She outlined that Madagascar has launched pilot projects to leverage and measure the value of its natural resources.

    “Madagascar is a rich country but not rich,” she lamented, pointing to the country’s abundant natural resources.

    Erich Strassner from IMF’s Statistics Department described the report as transformational and assured that the Fund was ready to work with the African Development Bank, the World Bank, and governments to implement its recommendations. He emphasized the need to focus on priorities in each country, “so that together we can put together a plan to bring each country up to speed on the new system of national capital evaluation.”

     Quoting African Development Bank figures, Ambassador Suda-Mafudze observed that if countries rebased their GDP based on carbon sequestration by forests alone, the impact would be substantial, with estimated GDP increases of 38.2% in Côte d’Ivoire, 36.7% in Benin, and 33.5% in Niger. “We need to ensure a proper valuation of Africa’s green wealth. When we know the value of this significant asset base and incorporate its true value into our national accounts, we improve our economies’ risk profiles and enhance access to financial flows for financing our development,” the Ambassador said.

    In his presentation, Vice President Urama pointed to the massive economic value of Africa’s natural resources—estimated at $6.2 trillion in 2018—and the fact that the continent accounts for 26% of global forest-based carbon capture despite contributing only 4% of global carbon emissions.

    “Africa’s green wealth and the important global public goods and ecosystem services it provides to the world are often overlooked in economic valuations,” Urama said. “This significantly underestimates African countries’  gross domestic product, despite abundant green wealth.”

    He said that in addition to natural capital, ecosystem services and informal economic activities were also not factored into GDP. Revaluing these assets through Natural Capital Accounting (NCA) and the updated System of National Accounts, which includes the informal sector, could significantly increase Africa’s GDP and improve access to sustainable finance, Urama noted.

    “This is not just about correcting statistics. It’s about ensuring comparability of the measures of countries’ GDP in Africa and globally. By updating the System of National Accounts in countries, we can ensure that the basket of goods and services included in the measure of GDP of countries is the same, and avoid comparing oranges and  apples,” Urama said

    He called on African countries to allocate appropriate budgets to upgrade their National Accounting Systems and rebase their GDPs, noting that “this is a smart investment that can deliver low-hanging fruit.”  

    The Executive Secretary of the African Economic Research Consortium, Prof. Victor Murinde, described the new model developed by the African Development Bank as transformative.

     “It is a bold step to address a methodological gap in how the GDP of countries is measured to consider the true wealth of nations. Its recommendations provide rich materials for economists to work on in the coming years to improve the methodology for assessing the wealth of nations,” he remarked.

    The African Development Bank expressed a commitment to work with the World Bank, the IMF, and other partners to implement the recommendations of the report. It is also advancing practical steps that include creating standard methods to value natural resources, connecting environmental goals with other policies, training local experts across Africa, and helping African countries sell their environmental benefits in worldwide carbon markets. The Bank Group will also host the African Natural Capital Accounting Community of Practice

    MIL OSI Africa –

  • MIL-OSI United Nations: Secretary-General’s remarks at the 2025 ECOSOC Forum on Financing for Development [Bilingual, as delivered; see below for All-English and All-French versions]

    Source: United Nations secretary general

    Mr. President of the General Assembly, Mr. President of ECOSOC,

    Excellencies, ladies and gentlemen,

    This year’s ECOSOC Forum comes at a pivotal time.

    We are in the final stretch of preparations for the Fourth International Conference on Financing for Development in Sevilla.

    And we face some harsh truths. 

    The harsh truth of donors pulling the plug on aid commitments and delivery at historic speed and scale.

    The harsh truth of trade barriers being erected at a dizzying pace.

    The harsh truth that the Sustainable Development Goals are dramatically off track, exacerbated by an annual financing gap of an estimated $4 trillion.

    And the harsh truth of prohibitively high borrowing costs that are draining away public investments in everything from education and health systems, to social protection, infrastructure and the energy transition.

    But there’s another, much larger — and more dangerous — truth underlying all these challenges:  
    The harsh truth that global collaboration is being actively questioned.

    Look no further than trade wars. 

    Trade — fair trade — is a prime example of the benefits of international cooperation.

    And trade barriers are a clear and present danger to the global economy and sustainable development – as demonstrated in recent sharply lower forecasts by the International Monetary Fund, UNCTAD, the World Trade Organization and many others.

    In a trade war, everybody loses — especially the most vulnerable countries and people, who are hit the hardest.

    Excellencies,

    Against this turbulent background, we cannot let our financing for development ambitions get swept away.

    With just five years to reach the Sustainable Development Goals, we need to shift into overdrive.  

    That includes making good on the commitments countries made in the Pact for the Future in September:

    From an SDG stimulus to help countries invest in their people…

    To vital and long-awaited reforms to the global financial architecture…

    To the Pact’s clear commitments to open, fair and rules-based trade…

    To its call for an analysis of the impact of military expenditures on the achievement of the SDGs, with a final report out by September…

    To the Pact’s urging for an ambitious outcome to July’s Conference on Financing for Development.

    As you continue negotiations on the draft outcome document for Sevilla, I push for action in three key areas.

    First — on debt.

    When applied smartly and fairly, debt can be an ally of development.

    Instead, it has become a villain.

    In many developing countries, gains are getting crushed under the weight of debt service, siphoning away investments in education, health and infrastructure.

    And the problem is getting worse.

    Debt service for developing economies has soared past $1.4 trillion a year.

    Debt service now exceeds 10 per cent of government revenue in more than 50 developing countries — and more than 20 per cent in 17 countries — a clear warning sign of default.

    The Sevilla Conference should emerge with a commitment by Member States to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.

    This includes establishing a dedicated facility to help developing countries manage their liabilities and enhance liquidity in times of crisis.

    The G20 must also continue its work to speed up the Common Framework for Debt Treatments and expand support for countries that are currently ineligible — including middle-income countries in difficulties.

    And credit ratings agencies need to rethink ratings methodologies that drive up borrowing costs for developing countries.

    At the same time, the IMF and World Bank should push forward on reforming debt assessments to account for sustainable development investments and climate risks.

    These proposals and the many others contained in the draft outcome document provide an ambitious roadmap to help developing countries use debt in a constructive and sustainable way.

    Second — we need to unlock the full potential of our international financial institutions.

    If finance is the fuel of development, Multilateral Development Banks are its engine.

    And this engine needs revving up. 

    We will keep pushing to triple the lending capacity of Multilateral Development Banks, making them bigger and bolder, as called for in the draft outcome document.

    This includes recapitalization, stretching their balance sheets and substantially increasing their capacity to mobilize private finance at reasonable costs for developing countries.

    We must ensure that concessional finance is deployed where it is most needed.

    And we need to see that developing countries are represented fairly — and have a voice — in the governance of these institutions they depend on.

    Troisièmement, nous devons prendre des mesures concrètes pour augmenter tous les flux de financement.

    Oui, les temps sont durs.

    Mais c’est d’autant plus dans les périodes difficiles qu’un investissement responsable et durable s’impose.

    Au niveau national, les gouvernements doivent mobiliser davantage de ressources internes et les diriger vers des systèmes essentiels tels que l’éducation, la santé et les infrastructures…

    Ils doivent collaborer avec des partenaires privés pour multiplier les options de financement mixte…

    Et intensifier la lutte contre la corruption et les flux financiers illicites.

    Au niveau mondial, nous devons poursuivre nos efforts en vue d’établir un régime fiscal mondial inclusif et efficace, et veiller à ce que les règles fiscales internationales soient effectivement et équitablement appliquées.

    Les donateurs doivent tenir leurs promesses en matière d’aide publique au développement et s’assurer que ces précieuses ressources parviennent aux pays en développement.

    Pour notre part, nous donnerons aux équipes de pays des Nations Unies tous les moyens pour collaborer avec les gouvernements hôtes, afin qu’un maximum de ressources soit affecté au développement durable aux niveaux national et régional.

    Et nous saisirons toutes les occasions, y compris la COP30 au Brésil, pour demander aux dirigeants de trouver des sources innovantes de financement de l’action climatique dans les pays en développement – afin de mobiliser 1 300 milliards de dollars par an d’ici à 2035.

    Tout cela exige des efforts particuliers en terme de sources innovantes de financement.

    Excellences,

    À bien des égards, l’avenir du système multilatéral dépend du financement du développement.

    Il en va de notre conviction que le règlement des problèmes mondiaux – tels que la pauvreté, la faim et la crise climatique – demande des solutions mondiales.

    Tirons le meilleur parti de ce moment charnière, alors que nous nous préparons pour la conférence de Séville.

    Maintenons nos ambitions à la hauteur des enjeux, et agissons pour les populations et pour la planète.

    Et je vous remercie.

    ***
    [All-English]

    Mr. President of the General Assembly, Mr. President of ECOSOC,

    Excellencies, ladies and gentlemen,

    This year’s ECOSOC Forum comes at a pivotal time.

    We are in the final stretch of preparations for the Fourth International Conference on Financing for Development in Sevilla.

    And we face some harsh truths. 

    The harsh truth of donors pulling the plug on aid commitments and delivery at historic speed and scale.

    The harsh truth of trade barriers being erected at a dizzying pace.

    The harsh truth that the Sustainable Development Goals are dramatically off track, exacerbated by an annual financing gap of an estimated $4 trillion.

    And the harsh truth of prohibitively high borrowing costs that are draining away public investments in everything from education and health systems, to social protection, infrastructure and the energy transition.

    But there’s another, much larger — and more dangerous — truth underlying all these challenges:

    The harsh truth that global collaboration is being actively questioned.

    Look no further than trade wars. 

    Trade — fair trade — is a prime example of the benefits of international cooperation.

    And trade barriers are a clear and present danger to the global economy and sustainable development – as demonstrated in recent sharply lower forecasts by the International Monetary Fund, UNCTAD, the World Trade Organization and many others.

    In a trade war, everybody loses — especially the most vulnerable countries and people, who are hit the hardest.

    Excellencies,

    Against this turbulent background, we cannot let our financing for development ambitions get swept away.

    With just five years to reach the Sustainable Development Goals, we need to shift into overdrive.  

    That includes making good on the commitments countries made in the Pact for the Future in September:

    From an SDG stimulus to help countries invest in their people…

    To vital and long-awaited reforms to the global financial architecture…

    To the Pact’s clear commitments to open, fair and rules-based trade…

    To its call for an analysis of the impact of military expenditures on the achievement of the SDGs, with a final report out by September…

    To the Pact’s urging for an ambitious outcome to July’s Conference on Financing for Development.

    As you continue negotiations on the draft outcome document for Sevilla, I push for action in three key areas.

    First — on debt.

    When applied smartly and fairly, debt can be an ally of development.

    Instead, it has become a villain.

    In many developing countries, gains are getting crushed under the weight of debt service, siphoning away investments in education, health and infrastructure.

    And the problem is getting worse.

    Debt service for developing economies has soared past $1.4 trillion a year.

    Debt service now exceeds 10 per cent of government revenue in more than 50 developing countries — and more than 20 per cent in 17 countries — a clear warning sign of default.

    The Sevilla Conference should emerge with a commitment by Member States to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.

    This includes establishing a dedicated facility to help developing countries manage their liabilities and enhance liquidity in times of crisis.

    The G20 must also continue its work to speed up the Common Framework for Debt Treatments and expand support for countries that are currently ineligible — including middle-income countries in difficulties.

    And credit ratings agencies need to rethink ratings methodologies that drive up borrowing costs for developing countries.

    At the same time, the IMF and World Bank should push forward on reforming debt assessments to account for sustainable development investments and climate risks.

    These proposals and the many others contained in the draft outcome document provide an ambitious roadmap to help developing countries use debt in a constructive and sustainable way.

    Second — we need to unlock the full potential of our international financial institutions.

    If finance is the fuel of development, Multilateral Development Banks are its engine.

    And this engine needs revving up. 

    We will keep pushing to triple the lending capacity of Multilateral Development Banks, making them bigger and bolder, as called for in the draft outcome document.

    This includes recapitalization, stretching their balance sheets and substantially increasing their capacity to mobilize private finance at reasonable costs for developing countries.

    We must ensure that concessional finance is deployed where it is most needed.

    And we need to see that developing countries are represented fairly — and have a voice — in the governance of these institutions they depend on.

    And third — we need concrete action to increase all streams of finance.

    Yes, these are tough times.

    But it is in difficult periods that the imperative for responsible, sustainable investment is even more critical. 

    At the country level, governments need to strengthen the mobilization of domestic resources and channel them towards critical systems like education, health and infrastructure…

    To work with private sector partners to increase blended finance options…

    And to scale-up the fight against corruption and illicit financial flows.

    At the global level, we must keep working to shape an inclusive and effective global tax regime, and ensure that international taxation rules are applied fairly and effectively.

    Donors must keep their promises on official development assistance, and ensure those precious resources reach developing countries.  

    For our part, we will fully deploy our UN Country Teams to work with host governments to channel the maximum amount of resources towards sustainable development at the national and regional levels.
     
    And we will use every opportunity — including COP30 in Brazil — to call on leaders to identify innovative sources of climate finance for developing countries leading to the mobilization of $1.3 trillion annually by 2035. 

    All this requires a focus on innovative sources of finance.  

    Excellencies,

    In many ways, financing for development is integral to the future of the multilateral system.

    It’s about our conviction in the power of global solutions to global problems like poverty, hunger and the climate crisis.

    Let’s make the most of this critical moment as we prepare for Sevilla.

    Let’s keep our ambitions high and deliver for people and planet.

    And I thank you.

    ***
    [All-French]

    Monsieur le Président de l’Assemblée générale, Monsieur le Président de l’ECOSOC,

    Excellences, Mesdames et Messieurs,

    Le Forum du Conseil économique et social de cette année tombe à un moment charnière.

    Les préparatifs de la quatrième Conférence internationale sur le financement du développement, qui se tiendra à Séville, entrent dans leur dernière ligne droite.

    Parallèlement, nous nous heurtons à de dures réalités :

    Des donateurs qui reviennent sur leurs engagements et renoncent à verser l’aide promise à une vitesse et à une ampleur sans précédent ;

    Des barrières commerciales qui sont érigées à un rythme effréné ;

    Des objectifs de développement durable qui sont encore bien loin d’être atteints et qui pâtissent d’un déficit de financement annuel estimé à 4 000 milliards de dollars ;

    Ou encore des coûts d’emprunt prohibitifs qui tarissent les investissements publics dans tous les domaines, de l’éducation et des systèmes de santé à la protection sociale, en passant par les infrastructures et la transition énergétique.

    Mais il y a une autre réalité – bien plus importante et bien plus dangereuse – qui est à la base de tous ces problèmes.

    Cette réalité, c’est la remise en question de la collaboration internationale.

    Inutile de chercher un exemple bien loin : prenons les guerres commerciales.

    Le commerce – un commerce équitable – illustre parfaitement les avantages de la coopération internationale.

    Les barrières commerciales constituent un danger réel et immédiat pour l’économie mondiale et le développement durable – comme le montrent les récentes prévisions en forte baisse du Fonds monétaire international, de la CNUCED, de l’Organisation mondiale du commerce et de bien d’autres organismes.

    L’Organisation mondiale du commerce prévoit déjà que le commerce international de marchandises se contractera de 0,2 % cette année – un revirement brutal par rapport à la hausse de 2,9 % enregistrée l’année dernière.

    Dans une guerre commerciale, tout le monde est perdant, en particulier les pays et les populations les plus vulnérables, qui sont les plus durement touchés.

    Excellences,

    Dans ce contexte mouvementé, nous ne pouvons laisser s’envoler nos ambitions en matière de financement du développement.

    Il ne reste que cinq ans pour atteindre les objectifs de développement durable ; il nous faut donc passer à la vitesse supérieure.

    Il faut notamment honorer les engagements pris par les pays dans le cadre du Pacte pour l’avenir en septembre :

    Du plan de relance des objectifs de développement durable, qui vise à aider les pays à investir dans leurs populations…

    Aux réformes vitales et longuement attendues de l’architecture financière mondiale…

    Aux engagements clairs pris dans le Pacte en faveur d’un commerce ouvert, équitable et régi par des règles…

    À l’analyse qui y est préconisée de l’impact des dépenses militaires sur la réalisation des objectifs de développement durable, qui fera l’objet d’un rapport final publié d’ici à septembre…

    Et au résultat ambitieux qui y est fixé pour la Conférence internationale sur le financement du développement de juillet.

    Alors que les négociations sur le projet de document final de Séville se poursuivent, j’insiste pour que des mesures soient prises dans trois domaines clés.

    Premièrement, la dette.

    Lorsqu’elle est exploitée de manière intelligente et équitable, la dette peut être une alliée du développement.

    Or, elle est devenue une ennemie.

    Dans bon nombre de pays en développement, les acquis obtenus dans le domaine du développement croulent sous le poids du service de la dette, qui ponctionne les investissements dans l’éducation, la santé et les infrastructures.

    Et le problème ne fait qu’empirer.

    Le service de la dette des économies en développement s’est envolé à plus de 1 400 milliards de dollars par an.

    Il dépasse aujourd’hui de 10 % les recettes publiques dans plus de 50 pays en développement – et plus de 20 % dans 17 pays – un signe évident de défaillance.

    À l’issue de la conférence de Séville, les États Membres devraient s’engager à réduire le coût des emprunts, à mieux restructurer la dette et à empêcher les crises de perdurer.

    Pour ce faire, il faudra notamment mettre en place un dispositif pour aider les pays en développement à gérer leurs dettes et à améliorer leur situation de trésorerie en temps de crise.

    Le G20 doit également poursuivre ses travaux afin d’accélérer la mise en œuvre du Cadre commun pour le traitement de la dette et d’apporter un plus grand appui aux pays qui ne remplissent pas les conditions requises pour bénéficier de l’Initiative de suspension du service de la dette, notamment les pays à revenu intermédiaire.

    En outre, les agences de notation doivent revoir leurs méthodes, qui font grimper les coûts d’emprunt pour les pays en développement.

    Dans le même temps, le FMI et la Banque mondiale devraient faire avancer la réforme de l’évaluation de la dette de sorte que les investissements dans le développement durable et les risques climatiques soient pris en compte.

    Ces propositions, comme les nombreuses autres propositions faites dans le projet de document final, constituent un plan d’action ambitieux devant aider les pays en développement à utiliser la dette de manière constructive et durable.

    Deuxièmement, nos institutions financières internationales doivent pouvoir exploiter tout leur potentiel.

    Si le financement est le carburant du développement, les banques multilatérales de développement en sont le moteur.

    Et ce moteur doit être rendu plus performant.

    Nous continuerons à faire pression pour tripler la capacité de prêt des banques multilatérales de développement, en les agrandissant et en les rendant plus audacieuses, comme le prévoit le projet de document final.

    Il s’agit notamment d’augmenter leur capital, d’étendre leurs bilans et d’accroître considérablement leur capacité à mobiliser des financements privés à des coûts raisonnables pour les pays en développement.

    Il faudra également veiller à ce que des financements à des conditions favorables soient accordés là où ils sont le plus nécessaires.

    Et il faudra que les pays en développement soient représentés équitablement – et aient voix au chapitre – dans la gouvernance de ces institutions, dont ils dépendent.

    Troisièmement, nous devons prendre des mesures concrètes pour augmenter tous les flux de financement.

    Oui, les temps sont durs.

    Mais c’est d’autant plus dans les périodes difficiles qu’un investissement responsable et durable s’impose.

    Au niveau national, les gouvernements doivent mobiliser davantage de ressources internes et les diriger vers des systèmes essentiels tels que l’éducation, la santé et les infrastructures…

    Ils doivent collaborer avec des partenaires privés pour multiplier les options de financement mixte…

    Et intensifier la lutte contre la corruption et les flux financiers illicites.

    Au niveau mondial, nous devons poursuivre nos efforts en vue d’établir un régime fiscal mondial inclusif et efficace, et veiller à ce que les règles fiscales internationales soient effectivement et équitablement appliquées.
    Les donateurs doivent tenir leurs promesses en matière d’aide publique au développement et s’assurer que ces précieuses ressources parviennent aux pays en développement.

    Pour notre part, nous donnerons aux équipes de pays des Nations Unies tous les moyens pour collaborer avec les gouvernements hôtes, afin qu’un maximum de ressources soit affecté au développement durable aux niveaux national et régional.

    Et nous saisirons toutes les occasions, y compris la COP30 au Brésil, pour demander aux dirigeants de trouver des sources innovantes de financement de l’action climatique dans les pays en développement – afin de mobiliser 1 300 milliards de dollars par an d’ici à 2035.

    Tout cela exige des efforts particuliers en terme de sources innovantes de financement.

    Excellences,

    À bien des égards, l’avenir du système multilatéral dépend du financement du développement.

    Il en va de notre conviction que le règlement des problèmes mondiaux – tels que la pauvreté, la faim et la crise climatique – demande des solutions mondiales.

    Tirons le meilleur parti de ce moment charnière, alors que nous nous préparons pour la conférence de Séville.

    Maintenons nos ambitions à la hauteur des enjeux, et agissons pour les populations et pour la planète.

    Et je vous remercie.
     

    MIL OSI United Nations News –

  • MIL-OSI Security: California Resident Sentenced to 100 Months in Prison for Possession with Intent to Distribute Fentanyl

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

    NEWARK, N.J. – A California resident was sentenced to 100 months in prison for possessing fentanyl for distribution, U.S. Attorney Alina Habba announced.

    Timothy Alan Blank, 55, of Los Angeles, California, previously pleaded guilty before U.S. District Judge Evelyn Padin in Newark federal court to an information charging him with one count of possession with intent to distribute fentanyl.

    According to documents filed in this case and statements made in court:

    On March 6, 2024, Blank, transported approximately five kilograms of fentanyl in his personal vehicle from the Los Angeles, California area across the United States into the District of New Jersey.  On March 8, 2024, Blank’s vehicle was stopped by law enforcement agents in Fort Lee, New Jersey when agents discovered the five kilograms of fentanyl inside the trunk area of the vehicle. Following his arrest, Blank admitted to law enforcement agents his intent to distribute the fentanyl inside of the District of New Jersey.

    In addition to the prison term, Judge Padin sentenced Blank to three years of supervised release.

    U.S. Attorney Alina Habba credited special agents of Homeland Security Investigations Newark, under the direction of Special Agent in Charge Ricky J. Patel, Customs and Border Protection Air and Marine Operations, the Bergen County Sheriff’s Office, the Fort Lee Police Department, and the FBI Los Angeles Field Office, with the investigation that led to the sentencing.

    The government is represented by Assistant U.S. Attorney Vincent D. Romano of the Criminal Division in Newark.

                                                                           ###

    Defense counsel: Claressa L. Lowe

    MIL Security OSI –

  • MIL-OSI Security: Jacksonville Man Sentenced To More Than 11 Years For Drug Trafficking Charge

    Source: Office of United States Attorneys

    Jacksonville, Florida – U.S. District Judge Marcia Morales Howard has sentenced Zevion La’Quawn Collins (31, Jacksonville) to 11 years and 3 months in federal prison for conspiracy to distribute 50 grams or more of pure or actual methamphetamine. The court also ordered Collins to forfeit $4,970 in cash, which are traceable proceeds of the offense, a loaded Glock .40 caliber pistol and all ammunition seized with the firearm, which were used to facilitate the conspiracy.  Collins pleaded guilty on January 7, 2025.

    According to court documents, between April 2023 and the time of his arrest on June 17, 2024, Collins distributed methamphetamine in Jacksonville. During this time, federal agents observed Collins conduct multiple drug transactions, including on 6 separate occasions, where Collins sold one to two ounces of pure methamphetamine per transaction. On June 17, 2024, law enforcement executed a search warrant at Collins’s stash house in Jacksonville and arrested him on federal drug charges. From this residence, agents seized approximately $4,970 in cash and a loaded Glock .40 caliber pistol.

    This case was investigated by the Federal Bureau of Investigation, Homeland Security Investigations, the U.S. Postal Inspection Service, and the Jacksonville Sheriff’s Office. It was prosecuted by former Assistant United States Attorney Aakash Singh and Assistant United States Attorney Rachel Lasry.

    This case is part of an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks. 

    MIL Security OSI –

  • MIL-OSI: Šiaulių Bankas Group results for 3M 2025

    Source: GlobeNewswire (MIL-OSI)

    • Profit. Šiaulių Bankas Group earned a net profit of €17.7 million
    • Fee and commission income. Net fee and commission income exceeded €7.5 million, up 17% year-on-year
    • Loan portfolio. The loan portfolio exceeded €3.5 billion, up 15% year-on-year
    • Financing structure. The bank successfully placed €300 million bond issue on the international markets
    • Buybacks. The bank has requested the ECB for authorisation to purchase 4.5 million of own shares
    • Rebranding. Šiaulių Bankas will become Artea as of 5 May 2025.

     

    “We are about to take a historic step by becoming Artea in early May. This is more than just a new name. It is a strategic initiative to strengthen our relationship with private and corporate clients, the public and investors, and to become the first choice bank for customers in Lithuania.

    We are fully focused on this important strategic change from the beginning of the year, which we believe will support long-term business. Our first quarter were in line with our market guidance,” says Vytautas Sinius, Chief Executive Officer of Šiaulių bankas.

    Šiaulių Bankas Group earned unaudited net profit of €17.7 million in the first quarter of 2025, which is 21% less than in the corresponding period of 2024. Operating profit before impairment and income tax amounted to €24.5 million, down 18% compared to an operating profit of €30.0 million in the corresponding period of 2024.

    Net fee and commission income in Q1 2025 grew by 17% y-o-y to over €7.5 million, while net interest income decreased by 13% y-o-y to €34.4 million.

    All loan book segments grew during the quarter, with the total loan portfolio increasing by 2% (€76 million) to €3.5 billion. New credit agreements signed in the first quarter amounted to €0.4 million, 6% more than in the corresponding period of 2024 (€0.37 million).

    The quality of the loan portfolio remains very strong, with loan provisions of €1.9 million in Q1 2025 (€2.2 million in the corresponding period of 2024). The Cost of Risk (CoR) of the loan portfolio was 0.2% in Q1 2025 (0.4% in the corresponding period of 2024).

    The customer deposit portfolio grew by 1% (€45 million) since the beginning of the year and exceeded €3.6 billion at the end of the quarter. Demand deposits grew by 4% (€67 million) during the quarter to over €1.7 billion.

    In the first quarter of this year, the bank’s funding structure was reinforced by €300 million senior preffered bond issue. As planned, the bank redeemed a subordinated bond issue of €20 million after the end of the quarter.

    The group’s cost-to-income ratio at the end of the quarter was 52.6%1 (Q1 2024: 42.1%1) and the return on equity was 12.4% (Q1 2024: 17.6%). The group has accumulated capital and liquidity reserves, which include a contingent reserve for changes in CRR3 regulatory requirements to be implemented by June 30, 2025. Preliminary prudential ratios – the Capital Adequacy Ratio (CAR) stood at 22.8%2, while the Liquidity Coverage Ratio (LCR) stood at 254%2.

    The bank’s strong and sustainable capital base has enabled it not only to pay out a record dividend for 2024 (50% of 2024 net profit, €0.061 per share), but also to achieve a higher return to shareholders through the use of a buybacks of its own shares. The bank plans to continue its own share buybacks under the ECB’s authorisation and intends to buy back up to 2.65 million shares. In the first quarter of 2025 the bank has also submitted an additional request for ECB authorisation to purchase up to 4.5 million own shares

    Income Statement (€`m)

    2025 3M YTD

    2024 3M

    % ∆

     

     

    Net Interest Income

    34.4

    39.6

    -13%

    Net Fee and Commission Income

    7.6

    6.5

    17%

    Other Income

    6.4

    11.4

    –44%

    Total Revenue

    48.3

    57.4

    -16%

     

     

    Salaries and Related Expenses

    -14.0

    -11.3

    24%

    Other Operating Expenses

    -9.9

    -16.1

    –39%

    Total Operating Expenses

    -23.8

    -27.4

    –13%

     

     

    Operating Profit

    24.5

    30.0

    -18%

    Provisions

    -2.2

    -2.2

    1%

    Income Tax Expense

    -4.6

    -5.4

    -14%

     

     

    Net Profit

    17.7

    22.5

    -21%

     

     

    Balance Sheet Metrics (€`m)

    2025.03.31

    2024.12.31

    % ∆

     

     

    Loan Portfolio

    3 511

    3 435

    2%

    Total Assets

    5 286

    4 923

    7%

    Deposits

    3 606

    3 561

    1%

    Equity

    561

    585

    -4%

     

     

    Assets under Management3

    1 957

    1 977

    -1%

    Assets under Custody

    1 964

    1 936

    1%

     

     

    Key indicators

    2025 3M YTD

    2024 3M

    ∆

     

     

    Net Interest Margin (NIM)

    3.0%

    3.9%

    -94bp

    Cost-to-Income Ratio (C/I)1

    52.6%

    42.1%

    +1054bp

    Return on Equity (RoE)

    12.4%

    17.6%

    -521bp

    Cost of Risk (CoR)

    0.2%

    0.4%

    -15bp

    Capital Adequacy Ratio (CAR)2

    22.8%

    21.1%

    +169bps

     

    Overview of Business Segments

    Corporate Client Segment

    The volume of new business finance contracts in Q1 2025 was €0.2 billion, the same as a year before. Since the beginning of the year, the business loan portfolio grew by 2% (€33 million) to almost €1.9 billion. The strong growth is maintained by the high quality of the loan portfolio, with a partial release of provisions on the corporate loan portfolio Q1 2025, with a Cost of Risk (CoR) of -0.21%.

    The bank’s continues to diversify growth across strategic sectors such as manufacturing, retail and renewable energy. The favourable business environment has stimulated investment and created additional opportunities for expansion.

    Private Client Segment

    In Q1 2025, the volume of new mortgage contracts increased by 90% to €76 million compared to the same period last year. Since the beginning of the year, the housing loan portfolio has grown by 5% (€43 million) to almost €1 billion.

    The volume of new consumer finance contracts fell by 9% year-on-year to €49 million in Q1 2025 compared to the same period last year. Since the beginning of the year, the consumer loan portfolio grew by 1% (€5 million) to almost €0.4 billion.

    The bank continues to implement strategically important projects, modernising its core banking platform in line with the plan and rebranding. Šiaulių bankas will becomes Artea as of 5 May.

    Investment Client Segment

    In an environment of decreasing base rates, customers continue to invest and save actively. In Q1 2025, the value of bonds issued on behalf of corporate clients amounted to €64 million. At the end of the quarter, the value of assets under custody amounted to almost €2 billion.

    At the end of Q1 2025, the assets managed by SB Asset Management remained above €1.4 billion. The performance of the managed pension funds continues to rank among the best compared to competitors, both since the beginning of the year and over longer 3- and 5-year periods. Thanks to the applied Index Plus investment strategy—where part of the funds is allocated to private debt, real estate, and other private assets—the funds experience lower volatility during turbulent periods, while maintaining high returns.

    1eliminating the impact of SB Insurance’s client portfolio
    2Preliminary data
    3 includes assets managed by asset management and modernisation funds

    Šiaulių bankas invites shareholders, investors, analysts and all interested parties to a webinar presentation of the financial results for the first quarter of 2025. The webinar will start at 08:30 (EEST) on 29 April 2025. The webinar will be held in English. Please register here.

    If you would like to receive Šiaulių Bankas’ news for investors directly to your inbox, subscribe to our newsletter.

     

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt, +370 610 44447

    Attachments

    The MIL Network –

  • MIL-OSI: What Real AI Business Transformation Means: Insights from Forbes Tech Council and Intetics Live Webinar

    Source: GlobeNewswire (MIL-OSI)

    NAPLES, Fla., April 28, 2025 (GLOBE NEWSWIRE) — Intetics Inc., a leading global technology company specializing in custom software development and digital transformation, is proud to announce the publication of an insightful article by President and CEO Boris Kontsevoi in Forbes Technology Council. Titled “AI-Driven Business Transformation: Will You Fade Away or Forge the Future?”, the article delivers a powerful call to action for business leaders navigating the era of AI.

    In the piece, Boris Kontsevoi emphasizes that AI is no longer optional for companies that aim to stay competitive. Drawing parallels between historic labor transformations and today’s digital revolution, he argues that businesses must move beyond basic AI tool deployment and embrace AI as a core strategic asset.

    “The next five years will define the winners and losers of the AI revolution. Companies that fail to integrate AI into their operational core risk becoming irrelevant,” – Boris Kontsevoi warns.

    The article outlines:

    • The Evolution of Labor — tracing economic progress from ancient systems to today’s AI-driven future.
    • The Five Levels of AI Maturity — a framework guiding companies from simple automation to autonomous organizational intelligence.
    • Best Starting Projects — real-world examples such as AI-powered troubleshooting assistants and sales automation tools that deliver measurable impact.
    • AI Implementation Best Practices — clear guidelines for companies starting or refining their AI journeys.

    Boris Kontsevoi also highlights a key Intetics innovation: Enterprise Knowledge Assistant (EKA), which exemplifies how businesses can move beyond off-the-shelf AI tools to build customized, transformational solutions.

    This latest contribution underscores Intetics’ commitment to helping organizations worldwide harness the full potential of AI to drive meaningful, sustainable growth.

    Read the full article here.

    Upcoming Webinar: “How AI Agents Fixed Our SDLC”

    In continuation of the insights shared in the article, Intetics invites technology leaders, project managers, and innovation enthusiasts to its exclusive webinar, “How AI Agents Fixed Our SDLC”.

    Participants will see first-hand how AI-driven solutions boosted project efficiency by 18% — without overhauling entire systems. The session will include:

    • Real-world demos of AI integration with Jira, GitHub, Slack, and Confluence.
    • How AI Knowledge Keepers provide instant, reliable answers to team queries.
    • Step-by-step examples of how AI improves workload estimation and delivery speed.

    Learn more and register here: https://bit.ly/3S80nZN

    About Intetics
    Intetics Inc. is a leading American technology company providing custom software application development, distributed professional teams’ creation, software product quality assessment, and “all-things-digital” solutions built with SMAC, RPA, AI/ML, IoT, blockchain, and GIS/UAV/LBS technologies. Based on proprietary pioneering business models of Offshore Dedicated Team® and Remote In-Sourcing®, an advanced Technical Debt Reduction Platform (TETRA™) and measurable SLAs for software engineering, Intetics helps innovative organizations capitalize on global talent with our in-depth engineering expertise based on our Predictive Software Engineering framework. Intetics core strength lays in design of software products in conditions of incomplete specifications. We have extensive industry expertise in Education, Healthcare, Logistics, Life Sciences, Finance, Insurance, Communications, and custom ERP, CRM, Intelligent Automation and Geospatial solutions. Our advanced software engineering background and outstanding quality management platform, along with an unparalleled methodology for talent acquisition, team building and talent retention, guarantee that our clients receive exceptional results for their projects. At Intetics, our outcomes do not just meet clients’ expectations, they have been exceeding them for a quarter of a century. Intetics operates from multiple offices in the USA, Europe and Latin America, hiring the best talent available worldwide. Intetics is ISO 9001 (quality) and ISO 27001 (security) certified and a Microsoft Gold, Amazon, and UiPath Silver partner. The company’s innovation and growth achievements are reflected in winning prestigious titles and awards, including Inc5000, Software 500, CRN 100, American Business, Deloitte Fast 50, European IT Excellence, Best European BPO, Stevie People’s Choice, Clutch and ACQ5 Awards, IAOP Global Outsourcing 100 and Fortune Innovative 300 lists.

    Learn more: www.intetics.com

    The MIL Network –

  • MIL-OSI: EIGHTCO HOLDINGS INC. APPOINTS NICOLA CAIANO TO BOARD OF DIRECTORS

    Source: GlobeNewswire (MIL-OSI)

    Easton, PA, April 28, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced the appointment of Nicola Caiano to its Board of Directors. Mr. Caiano brings over three decades of expertise in financial strategy, capital markets, and investment management, further strengthening Eightco’s strategic vision and growth trajectory.

    Mr. Caiano currently serves as Chief Financial Officer at Cytometric Therapeutics, where he leads capital formation strategies to fund clinical trials for groundbreaking cancer therapies. He is also the Founding Partner of Olea Management LLC, where he advises family offices and early-stage companies across diverse industries, including technology, finance, and consumer goods, on capital raising and mergers and acquisitions. Previously, Mr. Caiano was a Partner and Director of Research at Pinyon Asset Management, managing a global event-driven equity and credit portfolio. His career also includes senior roles at Paulson & Co. Inc., J.P. Morgan Chase, and Bear, Stearns & Co. Inc.

    “We are thrilled to welcome Nicola Caiano to our Board of Directors,” said Paul Vassilakos, CEO and Chairman of Eightco. “Nic’s proven track record in financial strategy, capital raising, and investment management aligns with our goals to drive sustainable growth and shareholder value. We look forward to him utilizing his expertise and strategic vision to help us execute our ambitious plans to lead in the technology and inventory funding sectors.”

    Mr. Caiano is replacing Mary Ann Halford. Ms. Halford had served on Eightco’s Board since October 2021. “We would like to thank Mary Ann for her dedicated service. Her insights, commitment, and leadership have made a lasting impact. We deeply appreciate her contributions and wish her all the best in her current and future endeavours,” said Mr. Vassilakos.

    About Eightco Holdings, Inc. Eightco (NASDAQ: OCTO) is committed to growth of its subsidiary, Forever 8 Fund, LLC, an inventory capital and management platform for e-commerce sellers. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its stockholders.

    For additional information, please visit www.8co.holdings and www.forever8.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; and Eightco’s inability to innovate and attract users for Eightco’s products and services. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the SEC, including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

    For further information, please contact:
    Investor Relations
    investors@8co.holdings

    The MIL Network –

  • MIL-OSI: Veeco’s Laser Annealing Platform Named Production Tool of Record for New Applications at Leading-Edge Logic Manufacturers

    Source: GlobeNewswire (MIL-OSI)

    PLAINVIEW, N.Y., April 28, 2025 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) announced today two leading-edge logic customers have selected Veeco’s Laser Spike Annealing Platform as Production Tool of Record for new applications at their gate-all-around nodes. Veeco expects high-volume manufacturing orders tied to these wins as each customer ramps their advanced nodes.

    “We continue to see growing adoption of our laser annealing platform for new applications as demonstrated by today’s announcement,” commented Adrian Devasahayam, Ph.D., Veeco’s Senior Vice President, Product Line Management. “Veeco’s LSA system is widely acknowledged as the optimum annealing solution for low thermal-budget applications, and as device geometries and performance requirements at advanced nodes continue to evolve, precise annealing by our LSA platform has become increasingly critical. Both wins are a culmination of ongoing collaboration with each customer and validate Veeco’s strategy of expanding its Served Available Market by investing at the leading-edge.”

    Laser spike annealing is a millisecond annealing technology used in front-end semiconductor manufacturing to lower the resistance of key transistor structures by activating dopants. Veeco’s LSA system is capable of high temperature annealing while staying within reduced thermal budgets of advanced devices at leading-edge nodes. Veeco’s Laser Annealing portfolio also includes its NSA500 system, which extends annealing capabilities to low thermal budget applications, like Backside Power Delivery and Contact Annealing for advanced nodes and material modification applications such as void-removal, recrystallization, and grain growth. These annealing steps are instrumental in determining the electrical properties and performance of the resulting devices.

    About Veeco
    Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, single wafer etch & clean, lithography, and metal organic chemical vapor deposition (MOCVD) technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.

    To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2024 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

    Veeco Contacts:
    Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com
    Media: Javier Banos | (516) 673-7328 | jbanos@veeco.com

    The MIL Network –

  • MIL-OSI: ARRAY Technologies Names Brian Pitel General Manager, Latin America

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., April 28, 2025 (GLOBE NEWSWIRE) — ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Brian Pitel as its general manager, Latin America. He will be based in São Paulo, Brazil.

    With a career spanning more than two decades across technology and renewable energy in the Brazilian and Latin American markets, Pitel brings deep expertise in the local markets and regulatory environments. His track record of growing business operations through strategic partnerships led to his ascension at General Electric (GE), where he began as a senior sourcing and logistics manager before becoming general manager of its Latin America branch.

    “Brian’s impressive background in the energy sector combined with his expertise in the Brazilian and Latin American markets made him the perfect fit to lead ARRAY’s growth objectives in the region,” said Neil Manning, President and Chief Operating Officer at ARRAY. “He has an ability to anticipate trends and manage business relationships, which will help us expand our global footprint and reinforce our leadership in renewable energy innovation.”

    Pitel will oversee all of ARRAY’s operations in Brazil and Latin America, fostering efficiency, compliance, and alignment with regional and global objectives. He will play a critical role in supporting existing customers and exploring new market opportunities as ARRAY continues its mission to provide smart, sustainable, and cost-effective solar energy solutions.

    “The solar industry is entering a pivotal moment as we work to realize the impact of recent investments, and I admire ARRAY’s dedication to advancing clean energy across Latin America,” said Pitel. “I look forward to working with the leadership team to drive strategic growth in the region and shape the next generation of solar tracking solutions.”

    Since 2024, Pitel had served as senior advisor and new business development leader at Grupo GA230, a Brazilian manufacturer of components for the oil and gas and renewable energy sectors. He was previously at GE, managing its Latin America supply chain before rising to a general manager position in 2020. Pitel began his career at United Technologies Corporation, starting as a sourcing specialist and eventually relocated to Brazil to lead materials management and logistics at the UTC Otis Elevator factory in Sao Paulo. Pitel graduated from the University of Minnesota and has master’s degrees from RPI Lally School of Management and Purdue University.

    About ARRAY
    ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology – relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit arraytechinc.com.

    Forward Looking Statements
    This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    Media Contact
    Nicole Stewart
    505-589-8257
    nicole.stewart@arraytechinc.com

    Investor Relations
    ARRAY Technologies, Inc.
    Investor Relations
    investors@arraytechinc.com

    The MIL Network –

  • MIL-OSI: TeraWulf Announces Participation in Upcoming Investor and Industry Conferences

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., April 28, 2025 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, today announced that various members of senior management will be participating in the following upcoming conferences and events:

    • May 13-15, 2025: JP Morgan Global TMT Conference, Boston, MA
    • May 19-20, 2025: AIM Summit, London
    • May 21-22, 2025: B Riley 25th Annual Investor Conference, Marina del Ray, CA
    • May 27-29, 2025: Bitcoin 2025, Las Vegas, NV
    • June 3-5, 2025: Datacloud Global Congress 2025, Cannes FRA
    • June 10-11, 2025: Rosenblatt Annual Age of AI Summit, Virtual
    • June 24-26, 2025: Roth 15th Annual London Conference, London
    • June 25, 2025: Northland Growth Conference, Virtual

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for bitcoin mining and hosting HPC workloads. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through bitcoin mining, leveraging predominantly zero-carbon energy sources, including hydroelectric and nuclear power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “seek,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “strategy,” “opportunity,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) the ability to mine bitcoin profitably; (2) our ability to attract additional customers to lease our HPC data centers; (3) our ability to perform under our existing data center lease agreements (4) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates; (5) the ability to implement certain business objectives, including its bitcoin mining and HPC data center development, and to timely and cost-effectively execute related projects; (6) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to expansion or existing operations; (7) adverse geopolitical or economic conditions, including a high inflationary environment, the implementation of new tariffs and more restrictive trade regulations; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability and cost of power as well as electrical infrastructure equipment necessary to maintain and grow the business and operations of TeraWulf; and (10) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.

    Investors:
    Investors@terawulf.com

    Media:
    media@terawulf.com

    The MIL Network –

  • MIL-OSI: Moomoo Foundation Celebrates 2025 Financial Literacy Month

    Source: GlobeNewswire (MIL-OSI)

    • Partnered with Working in Support of Education (W!se)
    • Continued Campus Tour with Columbia University and New Jersey City University (NJCU)
    • Published Financial Literacy Survey with moomoo’s North America users

    JERSEY CITY, N.J., April 28, 2025 (GLOBE NEWSWIRE) — The intuitive global trading platform moomoo and its Moomoo Foundation with the dedication to boosting financial literacy, are excited to announce its 2025 plan to celebrate the financial literacy month with its North American users and communities worldwide.

    This year, the moomoo foundation is partnering with the New York city-based educational nonprofit Working in Support of Education (W!se) to recognize the 100 Best W!se High Schools Teaching Personal Finance at Touro College in Midtown New York. Moomoo’s US CEO Neil McDonald presented awards to representatives from the 100 highest ranking high schools whose students excelled on W!se’s Financial Literacy Certification Test in the 2023-24 school year. Always held during April -Financial Literacy Month – the 100 best ceremony, is the first and only national ranking award to honor outstanding schools from W!se’s national network whose students performed well on the Test.

    In addition, Moomoo Foundation will host a series of financial literacy seminars across the New York and New Jersey area. Moomoo Technology’s Vice President of Strategy Justin Zacks spoke about stock market fundamentals and equity trading at Columbia University on April 25 and will conduct a seminar at NJCU’s business school on May 2. Working with Columbia’s GCC and NJCU’s Student Development & Community Engagement team, moomoo continues its efforts of bringing financial inclusion to empower individual investors of all kinds, irrespective of ethnicity, age or gender, with the tools they need to make informed investment decisions.

    Zacks said, “we are thrilled to extend our educational mission to the diverse academic audience in the Tri-State Area. These events reflect our long-term mission to inspire financial literacy at an early age and strengthen our community engagement with underserved demographics at every level of learning.”

    To understand investors’ financial health and their personal finance behaviors and habits, moomoo also conducted a quarterly survey with its North American users. As the U.S. markets notched a second consecutive year of over 20% price appreciation. Many retail investors gained a positive return financially, but a new tariff policy and signs of an economic slowdown made some of them concerned.

    The majority of moomoo users are better off than last year and many are able to save a consistent amount some of which is going into stocks. Low income and housing is a headwind for some and is preventing them from saving.

    Moomoo’s users in Canada are closely watching political developments both at home and in the US in order to help them adjust their spending plans.

    For more details, please download the moomoo North America financial literacy whitepaper here.

    About Moomoo Foundation

    Moomoo Foundation is a non-profit initiative launched by Moomoo, an intuitive investment and trading platform dedicated to financial empowerment. The foundation seeks to further Moomoo’s mission by promoting financial literacy, advancing economic equality, and fostering technological innovation.

    Through strategic partnerships and targeted grants, Moomoo Foundation focuses on nurturing fintech startups that share its vision, working to build a more inclusive and forward-thinking financial landscape.

    Our commitment goes beyond traditional philanthropy. At Moomoo Foundation, we are dedicated to establishing a sustainable, long-term approach that ensures our efforts make a lasting impact. We believe in equipping those we support with the knowledge, tools, and resources they need to shape their own financial journey and thrive as active participants in the investment world. For more information, please visit moomoo’s official website at

    https://www.moomoo.com/us/moomoofoundation 

    About the Survey

    The survey included approximately 1200 registered moomoo users in North America (1000 U.S. users, 200 Canada users) from March 14 to March. 23, 2025. The data shown in the survey represents the opinion of those surveyed and may change based on the market and other conditions. The survey results provided herein may not represent other customers’ experience, and there is no guarantee of future performance or success and should also not be construed as investment advice. Experiences may differ than the ones represented here. Investing involves risks regardless of the strategy selected.

    This whitepaper is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Past investment performance does not indicate or guarantee future success. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions.

    We do not provide tax advice and any tax-related information provided is general in nature and should not be considered tax advice. Consult a tax professional regarding your specific tax situation.

    Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., Investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

    About moomoo
    Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make more-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

    Founded in the U.S., moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (FUTU), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing.

    For more information, please visit moomoo’s official website at www.moomoo.com or feel free to email us: pr@us.moomoo.com.

    Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., Investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

    Investing is risky. Securities offered through Moomoo FInancial Inc. Member FINRA/SIPC

    W!se and Nasdaq are independent third parties, not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5a4ba7f-fa71-4fad-8fb2-6066d1f2c32c

    The MIL Network –

  • MIL-OSI: MKS Instruments to Participate in JP Morgan’s 53rd Annual Global Technology, Media and Communications Conference

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 28, 2025 (GLOBE NEWSWIRE) —  MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that John T.C. Lee, President and Chief Executive Officer, will participate in a fireside chat at JP Morgan’s Annual Global Technology, Media and Communications Conference on Wednesday, May 14, 2025 at 11:20 a.m. EDT.

    A live webcast of the session will be available in the Investor Relations section of the company’s website at https://investor.mksinst.com/events-and-presentations and a replay of the event will be available for a limited time thereafter.

    About MKS Instruments

    MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

    MKS Investor Relations Contact:
    Paretosh Misra
    Vice President, Investor Relations
    Telephone: +1 (978) 284-4705
    Email: paretosh.misra@mksinst.com

    The MIL Network –

  • MIL-OSI: Aktsiaselts Infortar 2024 audited Annual Report

    Source: GlobeNewswire (MIL-OSI)

    The Supervisory Board of Aktsiaselts Infortar approved the audited annual report for 2024 and will submit it to the Annual General Meeting for approval.

    Major events

    Maritime transport

    In the summer, Infortar invested €110 million in acquiring Tallink Grupp (Tallink) shares, increasing its shareholding in Tallink to 68.5%.

    The total number of passengers in 2024 reached 5.6 million. As of the end of the financial year, Tallink operated 14 vessels. Three vessels were chartered out during the year. The number of transported cargo units exceeded 303,000, and passenger vehicles transported totalled 777,000.

    Energy

    Infortar’s subsidiary, Elenger Grupp (Elenger), signed a €120 million agreement with the German energy conglomerate EWE AG to acquire EWE Group’s business operations in Poland. The transaction included natural gas assets, a distribution network in Western Poland, and all energy sales segments.

    In 2024, Elenger sold a total of 18.4 TWh of energy (15.9 TWh in 2023). Sales in Estonia accounted for 16% of the total energy sales in 2024. The company’s market share in gas sales across the Finland-Baltic gas market for the year was 24.3%.

    Real estate

    Infortar’s real estate portfolio has expanded from 100,000 to 141,000 square meters over the past year. At the end of last year, the Rimi logistics centre in Saue received its occupancy permit. This summer, a new bridge in Pärnu will be completed, followed by the opening of Lasnamäe’s second DEPO store in Estonia next year. In early 2028, the Kangru-Saku section of the Rail Baltica main route will also be completed.

    Key figures of financial year

    Key figures 12 months 2024 12 months 2023
    Sales revenue. m€ 1 371.775 1 084.626
    Gross profit. m€ 128.628 149.473
    EBITDA. m€ 145.275 143.283
    EBITDA margin (%) 10.6% 13.2%
    Operating profit. EBIT. m€ 77.024 123.628
    Total profit(-loss). m€1,2 193.670 293.830
    EPS (euros)2 9.36 14.62
    Total equity m€ 1 166.221 820.210
    Total liabilities m€3 1 223.287 441.160
    Net debt m€4 1 055.708 354.045
    Investment loans to EBITDA (ratio)5 3.0x 1.7x

    1.The 2024 financial year total profit includes a one-off revaluation of €94 million, mainly arising from the acquisition of Tallink. The 2023 financial year profit includes a one-off revaluation of €159 million, mainly arising from the acquisition of Gaso.

    2. In the Q4 and 12-month annual results reported on 25 February 2025, the consolidated total profit for the financial year was €173.351 million, and earnings per share (EPS) amounted to €8.46. Adjustments have been made in the audited figures, mainly related to the purchase price allocation of Tallink Grupp, resulting in an increase of €20.319 million in the total profit for the annual year and an increase of earnings per share (EPS) by 0.9 euros.

    3–4. The significant increase in liabilities and net debt is due to the consolidation of Tallink’s loans into Infortar’s financial statements in 2024.

    5. Infortar Group’s investment loans / EBITDA ratio. For 2024 Tallink’s 12-month EBITDA (€265.447 million) has been used for comparability purposes

    Revenue

    2024. financial year, the group´s consolidated sales revenue increased by €287.149 million reaching €1 371.775 million (compared to €1 084.626 million in 2023). A significant impact was made by the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements starting from August 1, 2024.

    EBITDA and Segment Reporting

    Maritime transport Segment: The EBITDA for the maritime transport segment in 2024 financial year was €175.181 million (compared to €214.528 million in the 2023 financial year). In segment reporting 100% Tallink results are presented.

    Tallink´s financial results were affected by difficult economic environment across all our home markets, and the lowest consumer confidence levels in a decade.

    Energy Segment: The EBITDA for the energy segment of the 2024 financial year was €77.235 million (compared to €135.999 million in 2023). Warmer winter led to a decrease in sales volumes, which in turn impacted profitability in the fourth quarter.

    Real Estate Segment: The profitability assessment considers the EBITDA of individual real estate companies. The EBITDA for the real estate segment of the 2024 financial year was €13.567 million (compared to €12.39 million in 2023). Three new buildings at Liivalaia 9, Tähesaju 9, and Tähesaju 11 were included in the accounting for the 2023 financial year.

    Total Profit

    The consolidated total profit for the 2024 financial year was €193.67 million (compared to €293.83 million in the 2023 financial year). One-off significant impacts included the effects related to the acquisition of Tallink in 2024 and Latvian gas distribution company Gaso in 2023. The consolidated operating profit for the 2024 financial year was €77.024 million (compared to €123.628 million in 2023).

    Investments

    Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began constructing a biomethane plant next to the farm for local biomethane production. Infortar invested €110 million in purchasing Tallink shares, increasing its shareholding in Tallink to 68,5%.

    Infortar subsidiary Elenger signed a €120 million agreement with the German energy group EWE AG to acquire EWE Group’s entire Polish business. The transaction includes the natural gas distribution network in Western Poland as well as all energy sales operations.

    Financing

    Loan and lease liabilities amounted to €1 223.287 million in 2024 financial year (compared to €441.16 million in 2023 financial year). Significant increase in the 2024 financial year is primarily due to the line-by-line consolidation of Tallink Grupp, which resulted in the full inclusion of Tallink’s liabilities among the group’s obligations.

    Proportionally to the growth in assets, Infortar’s net debt increased by €701.663 million, reaching €1 055.708 million (compared to €354,045 million in 2023 financial year). The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per financial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results.

    Consolidated statement of profit or loss and other comprehensive income

    (in thousands of EUR) 12 months 2024 12 months 2023
    Revenue 1 371 775 1 084 626
    Cost of goods (goods and services) sold -1 243 034 -934 811
    Write-down of receivables -113 -342
    Gross profit 128 628 149 473
    Marketing expenses -21 086 -1 620
    General administrative expenses -50 438 -22 085
    Profit (loss) from biological assets -139 0
    Profit (loss) from the change in the fair value of the investment property -949 -4 074
    Profit (loss) from changes in the fair value of fixed assets -8 691  
    Unsettled gain/loss on derivative financial instruments 26 672 1 969
    Other operating revenue 4 682 2 523
    Other operating expenses -1 655 -2 558
    Operating profit 77 024 123 628
    Profit (loss) from investments accounted for by equity method 22 974 39 639
    Financial income and expenses 13 392 0
    Other financial investments -50 -4
    Interest expense -38 274 -22 573
    Interest income 4 979 2 765
    Profit (loss) from changes in exchange rates 100 -173
    Gain from bargain purchase 93 659 159 158
    Total financial income and expenses 73 806 139 173
    Profit before tax 173 804 302 440
    Corporate income tax 19 866 -8 610
    Profit for the financial year 193 670 293 830
    including:    
    Profit attributable to the owners of the parent company 191 253 293 778
    Profit attributable to non-controlling interest 2 417 52
    Other comprehensive income    
    Items that will not be reclassified to profit or loss    
    Revaluation of post-employment benefit obligations -141 -44
    Items that may be subsequently reclassified to the income statement:    
    Revaluation of risk hedging instruments -45 792 -58 189
    Exchange rate differences attributable to foreign subsidiaries 53 -42
    Total of other comprehensive income -45 880 -58 275
    Total income 147 790 235 555
    including:    
    Comprehensive profit attributable to the owners of the parent company 145 514 235 503
    Comprehensive profit attributable to non-controlling interest 2 417 52
    Ordinary earnings per share (in euros per share) 9,36 14,62
    Diluted earnings per share (in euros per share) 9,12 14,15

    Consolidated statement of financial position

    (in thousands of EUR) 31.12.24 31.12.23
    Current assets    
    Cash and cash equivalents 167 579 87 115
    Short-term derivatives 8 333 28 728
    Settled derivative receivables 676 5 958
    Other prepayments and receivables 155 351 162 575
    Prepaid taxes 3 831 925
    Trade and other receivables 38 517 20 185
    Prepayments for inventories 2 498 3 493
    Inventories 215 914 146 884
    Biological assets 941 0
    Total current assets 593 640 455 863
    Non-current assets    
    Investments to associates 16 603 346 014
    Long-term derivative instruments 3 214 1 125
    Long-term loans and other receivables 35 163 9 072
    Investment property 67 931 176 024
    Property, plant and equipment 1 909 458 446 748
    Intangible assets 38 874 14 366
    Right-of-use assets 47 598 11 300
    Biological assets 2 753 0
    Total non-current assets 2 121 594 1 004 649
    TOTAL ASSETS 2 715 234 1 460 512
         
    (in thousands of EUR) 31.12.24 31.12.23
    Current liabilities    
    Loan liabilities 497 162 184 259
    Rental liabilities 9 020 1 766
    Payables to suppliers 87 941 74 751
    Tax obligations 49 354 32 822
    Buyers’ advances 31 126 3 099
    Settled derivatives 8 728 1 463
    Other current liabilities 63 431 10 851
    Short term derivatives 27 704 3 659
    Total current liabilities 774 466 312 670
    Non-current liabilities    
    Long-term provisions 9 946 8 399
    Deferred taxes 2 816 33 233
    Other long-term liabilities 43 209 30 679
    Long-term derivatives 1 471 186
    Loan-liabilities 676 670 246 410
    Rental liabilities 40 435 8 725
    Total non-current liabilities 774 547 327 632
    TOTAL LIABILITIES 1 549 013 640 302
         
    (in thousands of EUR) 31.12.24 31.12.23
    Equity    
    Share capital 2 117 2 105
    Own shares -72 -95
    Share premium 32 484 29 344
    Reserve capital 212 205
    Option reserve 6 223 3 864
    Hedging reserve* -21 674 24 118
    Unrealised exchange rate differences 45 -39
    Post-employment benefit obligation reserve -185 -44
    Retained earnings from previous periods 890 167 759 918
    Total equity attributable to equity holders of the Parent 909 317 819 376
    Minority interests 256 904 834
    Total equity 1 166 221 820 210
         
    TOTAL LIABILITIES AND EQUITY 2 715 234 1 460 512

    Consolidated statement of cash flows

    Cash flows from operating activities    
    (in thousands of EUR) 12 months
    2024    		 12 months
    2023
    Profit for the financial year 193 670 293 830
    Adjustments:    
    Depreciation, amortisation, and impairment of non-current assets 68 251 19 655
    Change in the fair value of the investment property -22 974 -39 639
    Change in the value of derivatives -1 483 54 122
    Other financial income/expenses -112 030 -161 965
    Calculated interest expenses 38 274 22 573
    Profit/loss from non-current assets sold -955 -91
    Income from grants recognised as revenue -643 784
    Corporate income tax expense -19 866 8 610
    Income tax paid -10 551 -267
    Change in receivables and prepayments related to operating activities 52 023 54 540
    Change in inventories -12 831 -61 914
    Change in payables and prepayments relating to operating activities -81 275 -406
    Change in biological assets -322 0
    Total cash flows from operating activities 89 288 189 832
         
    Cash flows from investing activities    
    Purchases of associates 0 -10 314
    Purchases of subsidiaries -111 684 -103 414
    Received dividends 20 862 0
    Given loans 1 918 6 652
    Interest gain 4 953 2 691
    Purchases Investment property -10 352 -18 304
    Purchases of property, plant and equipment -27 835 -18 143
    Proceeds from sale of property 1 561 -252
    Total cash flows used in investing activities -120 577 -141 084
         
    Cash flows used in financing activities 12 months
    2024    		 12 months
    2023
    Proceeds from targeted financing 225 0
    Changes in overdraft 12 863 14 348
    Proceeds from borrowings 358 731 287 606
    Repayments of borrowings -151 790 -312 846
    Repayment of finance lease liabilities -11 300 -2 233
    Interest paid -39 153 -22 224
    Dividends paid -60 997 -15 750
    Gain from share emission 3 174 29 464
    Total cash flows used in financing activities 111 753 -21 635
         
    TOTAL NET CASH FLOW 80 464 27 113
    Cash at the beginning of the year 87 115 60 002
    Cash at the end of the period 167 579 87 115
    Net (decrease)/increase in cash 80 464 27 113

    The 2024 Annual Report of Aktsiaselts Infortar is attached to this notice and will be made available on the website Reports | Infortar.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network –

  • MIL-OSI: MEXC Announces the Listing of MilkyWay (MILK) with 448,000 MILK and 50,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 28, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announces the upcoming listing of MilkyWay (MILK) on April 29, 2025 (UTC). To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 448,000 MILK and 50,000 USDT for both new and existing users.

    MilkyWay is a next-generation restaking protocol addressing security fragmentation across modular blockchains. As a liquid staking solution within the Celestia ecosystem and the leading restake protocol under Initia, it allows staked assets to secure multiple chains while improving capital efficiency through liquid staking (milkTIA) and AVS integration. It is currently integrated with over 10 DeFi protocols, including Osmosis, Levana, and Mars, offering users services such as trading, leverage, lending, and yield farming.MilkyWay’s TVL currently reaches $190 million.

    $MILK is the governance token of the MilkyWay ecosystem. Holders can stake to support network security, vote on proposals, and earn rewards through staking, liquidity incentives, and ecosystem growth. 10% of the total supply is airdropped to Celestia TIA stakers as a tribute to early supporters.

    To celebrate the listing, MEXC will launch an Airdrop+ event from April 28, 2025, 13:00 to May 8, 2025, 10:00 (UTC). The event includes the following benefits:
    Benefit 1: Deposit and share 336,000 MILK (New user exclusive)
    Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 3: Invite new users and share 112,000 MILK (For all users)

    The listing of MilkyWay (MILK) is just the latest example of MEXC’s dedication to bringing the most innovative and timely assets to its platform. According to the latest TokenInsight report, from November 1, 2024, to February 15, 2025, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, visit here.

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

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

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/73192371-340b-4487-b735-2023126ae5f7

    The MIL Network –

  • MIL-OSI: Varonis Announces AI Shield: Always-On AI Risk Defense

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and SAN FRANCISCO, April 28, 2025 (GLOBE NEWSWIRE) — RSA Conference Booth N-5658 – Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced the industry’s first always-on AI risk defense that continuously identifies data exposure in real time, flags violations, and automatically fixes issues before they can become data breaches.

    In organizations with poor data security posture, employees and AI agents are only one action away from accessing troves of data they should never have had access to in the first place.

    Varonis AI Shield continuously analyzes your AI security posture, monitors how AI interacts with data, and dynamically right-sizes permissions so that sensitive information isn’t exposed due to poor data security hygiene.

    AI Shield makes intelligent decisions about which data to restrict from AI using Varonis’ patented permissions analysis algorithms that factor in data sensitivity, staleness, user profile, and more. Even if you haven’t right-sized access, AI Shield has you covered.

    “AI makes the data security challenge much more urgent and complex,” said Varonis EVP of Engineering and Chief Technology Officer David Bass. “AI Shield gives our customers the confidence to deploy AI with both preventative and detective controls that require zero setup and maintenance. It’s always on, always learning, and always working for you behind the scenes to prevent breaches and compliance violations.”

    With Varonis AI Shield, customers have always-on defense to ensure the secure use of AI, including:

    • Real-time risk analysis to show you exactly which sensitive data is exposed to AI
    • Automated risk remediation to continually eliminate data exposure at scale
    • Behavior-based threat detection to identify abnormal or malicious behavior
    • 24x7x365 alert response to investigate, contain, and stop data threats

    AI security is data security. AI Shield helps employees use AI without putting data at risk, ensuring only the right people — and agents — have access to data, that use is monitored, and abuse is flagged.

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com 

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com 

    The MIL Network –

  • MIL-OSI USA: ICE expands Federal Police of Brazil partnership in new memorandum of understanding

    Source: US Immigration and Customs Enforcement

    WASHINGTON — U.S. Immigration and Customs Enforcement Homeland Security Investigations announced an expanded partnership with the Federal Police of Brazil April 22 in a collaborative bid to combat transnational crime.

    HSI International Operations Deputy Assistant Director Jeff DaRin and PF Director of International Cooperation Felipe Tavares Seixas signed the memorandum of understanding at ICE headquarters in Washington, D.C.

    “This partnership will enable our agents and officers to collaborate seamlessly on high-impact investigations, strengthening our collective ability to address security threats and protect the well-being of citizens in both countries,” said DaRin.

    The memorandum upholds HSI’s longstanding, cooperative relationship with PF and establishes a robust framework for directly sharing criminal investigative intelligence, best practices and methodologies for investigating transnational crime across North and South America.

    “Today’s signing ceremony is not just a formal agreement, but a testament to our shared commitment to fighting crime and protecting our citizens,” said Tavares Seixas. “By leveraging our collective resources and expertise, we will make substantial strides in combating transnational crime and safeguarding the security of our nations.”

    HSI and PF have collaborated for over 20 years to combat some of the world’s most significant transnational criminal organizations, with a particular focus on human smuggling and trafficking, firearms trafficking, child exploitation, cybercrimes and financial criminal networks.

    Most recently, HSI and PF took down a transnational criminal organization allegedly responsible for smuggling hundreds of individuals from Brazil to the United States in March, with support from multiple partners.

    For more news and information on ICE’s efforts to enforce our nation’s immigration laws and combat transnational crime, follow us on X at @ICEgov and @HSI_HQ.

    MIL OSI USA News –

  • MIL-OSI: ESCO Completes Acquisition of SM&P

    Source: GlobeNewswire (MIL-OSI)

    St. Louis, April 28, 2025 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) today announced that it has completed the acquisition of the Signature Management & Power (SM&P) business of Ultra Maritime for a purchase price of $550 million in cash. SM&P is an established, long-standing provider of mission-critical signature and power management solutions for the US and UK naval defense markets. Their sole source product offerings will add significant scale to ESCO’s Navy businesses, providing increased content on US Navy submarine and surface ship programs and expansion into vital UK and AUKUS navy platforms.

    SM&P will become part of ESCO’s Aerospace & Defense (A&D) segment. Their Signature Management and Power Management product lines are highly complementary to ESCO’s current naval programs. Signature Management offers solutions for surface ships and submarines that provide magnetic and electric field countermeasures to prevent underwater mine and sensor detection. Power Management provides innovative and highly-engineered motors that drive critical ship propulsion systems with an ultra-quiet design ensuring low vibration levels to increase stealth capabilities.    

    This acquisition supports ESCO’s long-term objective of expanding our leadership positions in our high-growth end-markets. SM&P is well-positioned to benefit from increasing global naval defense spending as the US and its allies upgrade their aging naval defense programs.

    Our previously issued FY 2025 guidance does not include the impact of the SM&P acquisition.   Our guidance will be updated to include the FY 2025 impact of SM&P in our Q2 2025 earnings announcement on May 7, 2025.

    ESCO is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products, advanced composites, as well as signature and power management solutions for aviation, Navy, space, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit ESCO’s website at www.escotechnologies.com.

    SOURCE ESCO Technologies Inc.
    Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

    The MIL Network –

  • MIL-OSI: Endeavor Bancorp Reports Net Income of $1.4 Million for the First Quarter of 2025; Highlighted by Loan and Deposit Growth and Net Interest Margin Expansion

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 28, 2025 (GLOBE NEWSWIRE) — Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today reported net income of $1.36 million, or $0.32 per diluted share, for the first quarter of 2025, compared to net income of $1.08 million, or $0.25 per diluted share, for the fourth quarter of 2024, and $407,000, or $0.10 per diluted share, for the first quarter of 2024. First Quarter 2025 financial results are unaudited.

    Results for the first quarter of 2025 included a $385,000 provision for credit losses, compared to a $374,000 provision for credit losses in the fourth quarter of 2024, and a $450,000 provision for credit losses in the first quarter of 2024. Excluding taxes and loan loss provisions, the Company’s pretax, pre-provision net income increased to $2.33 million in the first quarter of 2025, compared to $1.93 million in the preceding quarter and $1.04 million in the first quarter of 2024.

    “Endeavor’s first quarter performance marks a great start to the year, underscoring our continued commitment to delivering value to our shareholders and the businesses we serve,” stated Julie Glance, CFO. “We allocated significant resources toward growing the company and expanding our team in 2024, and our first quarter operating results demonstrate the positive impact of these investments on our earnings. We experienced meaningful growth in both loans and deposits, coupled with continued margin expansion. Net loans increased 4.6% during the quarter and 34.9% year-over-year. Additionally, total deposits grew nicely during the quarter, increasing 4.2% compared to the prior quarter end and 27.2% over the prior year. For a community bank like Endeavor, deposits are the most integral component in keeping our balance sheet healthy and keeping us lending to our business clients. We will continue to focus on deposit gathering in the year ahead, with an emphasis on bringing in full client relationships to grow our core deposit base.”

    Income Statement 
    Strong first quarter earnings were driven by loan growth and earning asset rates. Total interest income on loans and bank deposits and investments was $11.1 million, an increase of $365,000 compared to the preceding quarter, while total interest expenses decreased $130,000 during the same timeframe. Net interest income was $7.0 million in the first quarter of 2025, which was an increase of $495,000, or 7.6% compared to the preceding quarter and a 39.5% increase compared to the first quarter of 2024.

    “The 15-basis point increase in our net interest margin during the first quarter of 2025, compared to the prior quarter, was primarily the result of strong loan growth, in addition to improving funding costs,” said Dan Yates, CEO. “In the current rate environment, we continue to actively manage our asset-liability mix to protect our net interest margin, while ensuring competitive loan and deposit pricing across our portfolio.”

    The Company’s net interest margin increased 15 basis points to 4.12% in the first quarter of 2025 compared to 3.97% in the fourth quarter of 2024 and increased 44 basis points compared to 3.68% in the first quarter of 2024. The yield on total earning assets remained strong, decreasing only 2 basis points during the first quarter of 2025 to 6.52%, compared to 6.54% in the preceding quarter, and up from 6.23% in the first quarter of 2024. The cost of deposits decreased to 2.58% in the first quarter, compared to 2.76% in the fourth quarter, and unchanged from 2.76% in the first quarter of 2024.

    Non-Interest income was $183,000 in the first quarter of 2025, an increase of $23,000 or 14% compared to the fourth quarter of 2024, and a slight increase compared to $151,000 in the first quarter of 2024.

    Non-Interest expense was $4.86 million in the first quarter of 2025, an increase of $112,000 compared to the fourth quarter of 2024, and an increase of $725,000 compared to the first quarter of 2024. The higher expenses year-over-year were largely due to strategic investment in staff throughout 2024. “During 2024, Endeavor made significant investments in our team, increasing headcount by over 30%. These investments are now yielding results, as revenue growth driven by our expanded capabilities has more than offset the increase in expenses this quarter. The strong improvement in the efficiency ratio is also evidence that the 2024 additional hires are now fully engaged and productive driving the efficiency ratio from 79.9% in first quarter 2024, to 71.2% in fourth quarter 2024, to 67.6% in first quarter 2025. We have fewer new hires planned for 2025, and as we continue to leverage our expanded team we are well positioned for additional earnings growth throughout the remainder of the year,” said Yates.

    A significant portion of the annual board compensation will be paid in the second quarter of 2025 in contrast to 2024 in which the compensation was $312,000 in the first quarter. Adjusting the first quarter 2025 net income for the timing of board compensation and the annual expense for a contract negotiation, net income would have been reduced to $1.2 million in first quarter 2025.

    The Company’s annualized return on average equity for the first quarter of 2025 was 11.68%, compared to 9.35% in the fourth quarter of 2024 and 3.79% in the first quarter of 2024. The annualized return on average assets for the first quarter of 2025 was 0.79% compared to 0.65% in the fourth quarter of 2024 and 0.29% in the first quarter of 2024.

    Balance Sheet 
    Total assets increased by $26.2 million, or 3.9%, during the first quarter of 2025 to $704.6 million at March 31, 2025, compared to $678.3 million at December 31, 2024, and increased $138.7 million, or 24.5%, compared to March 31, 2024. Balance sheet liquidity remains strong with cash balances of $80.9 million, which represents 11.5% of total assets as of March 31, 2025. The Company’s bond portfolio increased $609,000 during the first quarter of 2025 to $26.4 million as of March 31, 2025, representing 3.7% of total assets. Total available borrowing capacity through the Federal Home Loan Bank and the Federal Reserve discount window totaled $210.0 million as of quarter end.

    “Our results for the first quarter emphasized the effort of our strong, experienced team, and our commitment to expanding our brand of business banking, which includes growing both sides of the balance sheet while maintaining strong credit quality,” said Steve Sefton, President. “Loan growth and new loan originations remained strong during the first quarter of 2025, as we continue to seek out high quality lending opportunities in our markets.”

    Total loans outstanding increased $26.0 million, or 4.6%, during the first quarter of 2025 to $597.8 million at March 31, 2025, compared to $571.8 million three months earlier, and increased $154.6 million, or 34.9%, when compared to $443.2 million a year earlier. Total non-performing loans decreased to 0.40% of the total loan portfolio as of March 31, 2025, compared to 0.46% in the prior quarter. The Company had no net charge offs during the first quarter of 2025, or in the prior quarter.

    Total deposits increased $24.9 million, or 4.1%, during the quarter to $626.2 million at March 31, 2025, compared to $601.2 million three months earlier, and increased $134.0 million, up 27.2% when compared to $492.2 million a year earlier. The loan to deposit ratio was 95.5% at March 31, 2025, compared to 95.1% at December 31, 2024, and 90.1% as of March 31, 2024.

    As a result of its participation in a reciprocal deposit placement network, the Bank accepted “reciprocal” deposits from other institutions, enabling the Bank to offer customers FDIC insurance on accounts in excess of the typical $250,000 FDIC insurance limit. Although the reciprocal deposits maintained through the network are core deposits seeking FDIC insurance, the FDIC rules indicate that reciprocal deposits aggregating over 20% of total liabilities are classified as deposits obtained by or through a deposit broker. The total reciprocal deposits reported as brokered deposits were $82.6 million at March 31, 2025, and $113.7 million as of December 31, 2024. To support strong loan growth, the Company is utilizing a conservative amount of wholesale deposits. As of March 31, 2025, total wholesale deposits, excluding the reciprocal deposits, was $60.2 million, representing 8.9% of total deposits compared to $60.7 million, or 10.1% of total deposits as of December 31, 2024.

    Shareholders’ equity was $47.7 million at March 31, 2025, compared to $46.0 million at December 31, 2024, and $42.5 million at March 31, 2024. Tangible book value per share increased to $13.49 at March 31, 2025, compared to $13.20 three months earlier and $12.64 a year earlier.

    Capital 
    The Bank’s Tier 1 leverage ratio was 10.57% as of March 31, 2025, compared to 10.90% at December 31, 2024. The Tier 1 risk-based capital ratio was 10.47% as of March 31, 2025, compared to 10.71% on December 31, 2024, and the Total risk-based capital ratio was 11.65% compared to 11.90% three months earlier, all of which were well above regulatory minimums.

    About Endeavor Bancorp 
    Endeavor Bancorp, the holding company for Endeavor Bank, is primarily owned and operated by Southern Californians for Southern California businesses and their owners. The bank’s focus is local: local decision-making, local board, local founders, local owners, and relationships with local clients in Southern California.

    Headquartered in downtown San Diego in the Symphony Towers building, the Bank also operates a loan production and executive administration office in Carlsbad and a branch office in La Mesa. Endeavor Bank provides traditional business banking services across a broad spectrum of industries and specialties. Unique to the bank is its consultative banking approach that partners our business clients with Endeavor Bank’s senior management. Together, we build strategies and provide resources that solve problems, plan for the future, and help clients’ efforts to grow revenues and profits. Endeavor Bancorp trades on the OTCQX® Best Market under the symbol “EDVR.” Visit www.endeavor.bank for more information.

    Endeavor Bank is rated by Bauer Financial as Five-Star “Superior” for strong financial performance, the top rating given by the independent bank rating firm. DepositAccounts.com awarded Endeavor Bank an A rating.

    EDVR Shareholders 
    With many of our shareholders transferring their EDVR shares to their brokerage companies, along with ongoing trading taking place, Bancorp may not have the most current shareholder contact information. If you are an EDVR shareholder and would like to receive information via a more timely method, please complete the Shareholder Communication Preference Form on our website: https://www.bankendeavor.com/investor-relations so we can keep you updated on EDVR news, and invite you to various shareholder networking events throughout the year. 

    Forward-Looking Statements 
    This press release includes “forward-looking statements,” as such term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current beliefs of the Company’s directors and executive officers (collectively, “Management”), as well as assumptions made by and information currently available to the Company’s Management. All statements regarding the Company’s business strategy and plans and objectives of Management of the Company for future operations, are forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect” and “intend” and words or phrases of similar meaning, as they relate to the Company or the Company’s Management, are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations (“cautionary statements”) are loan losses, rapid and unanticipated deposit withdrawals, unavailability of sources of liquidity, additional regulatory requirements that may be imposed on community banks or banks generally, changes in interest rates, loss of key personnel, lower lending limits and capital than competitors, regulatory restrictions and oversight of the Company, the secure and effective implementation of technology, risks related to the local and national economy, the effect on customers, collateral value and property insurance markets of the recent wildfires in the Los Angeles metropolitan area and similar events in the future, changes in real estate values, the Company’s implementation of its business plans and management of growth, loan performance, interest rates, and regulatory matters, the effects of trade, monetary and fiscal policies, inflation, and changes in accounting policies and practices. Based upon changing conditions, if any one or more of these risks or uncertainties materialize, or if any underlying assumptions prove incorrect, actual results may vary materially from those described as anticipated, believed, estimated, expected, or intended. The Company does not intend to update these forward-looking statements.

               
    SELECTED FINANCIAL DATA
    (In thousands of dollars, except for ratios and per share amounts)
    Unaudited
              Three Months Ended        
        March 31, 2025 December 31, 2024   March 31, 2024
        (Consolidated) (Consolidated)   (Consolidated)
    SUMMARY OF OPERATIONS          
    Interest income   $ 11,119   $ 10,754     $ 8,516  
    Interest expense     4,106     4,236       3,488  
    Net interest income     7,013     6,518       5,029  
    Provision for credit losses     385     374       450  
    Net interest income after loss provision     6,628     6,144       4,580  
    Non-interest income     183     160       151  
    Non-interest expense     4,864     4,752       4,139  
    Income before tax     1,947     1,552       591  
    Federal income tax expense     372     296       117  
    State income tax expense     214     171       66  
    Net income   $ 1,361   $ 1,084     $ 407  
               
    Core pretax earnings*   $ 2,332   $ 1,926     $ 1,041  
    *excludes taxes and provision for loan losses              
               
    PER COMMON SHARE DATA          
    Number of shares outstanding (000s)*     3,503     3,494       3,422  
    *Adjusted for May 2024 Stock Dividend          
    Earnings per share, basic   $ 0.39   $ 0.31     $ 0.12  
    Earnings per share, diluted   $ 0.32   $ 0.25     $ 0.10  
    Book Value per share   $ 13.61   $ 13.17     $ 12.43  
               
    BALANCE SHEET DATA          
    Assets   $ 704,564   $ 678,332     $ 565,881  
    Investments securities     26,385     25,777       13,432  
    Total loans, net of unearned income     597,846     571,817       443,203  
    Total deposits     626,165     601,219       492,169  
    Borrowings     26,721     26,697       27,090  
    Shareholders’ equity     47,667     46,009       42,526  
    Loan to Deposit ratio     95.48 %   95.11 %     90.05 %
    Wholesale Deposits to Total Deposits     8.90 %   10.10 %    
               
    AVERAGE BALANCE SHEET DATA          
    Average assets   $ 697,617   $ 660,748     $ 557,691  
    Average total loans, net of unearned income     589,037     549,340       434,999  
    Average total deposits     618,844     582,583       514,445  
    Average shareholders’ equity     47,256     46,117       43,247  
               
    ASSET QUALITY RATIOS          
    Net (charge-offs) recoveries   $ –   $ –     $ –  
    Net (charge-offs) recoveries to average loans     0.00 %   0.00 %     0.74 %
    Non-performing loans as a % of loans     0.40 %   0.46 %     0.07 %
    Non-performing assets as a % of assets     0.34 %   0.38 %     0.05 %
    Allowance for loan losses as a % of total loans     1.36 %   1.37 %     1.45 %
    Non-performing assets as a % of allowance for loan losses     29.60 %   33.27 %     4.66 %
               
    FINANCIAL RATIOSSTATISTICS          
    Annualized return on average equity     11.68 %   9.35 %     3.79 %
    Annualized return on average assets     0.79 %   0.65 %     0.29 %
    Net interest margin     4.12 %   3.97 %     3.68 %
    Efficiency ratio     67.59 %   71.17 %     79.91 %
               
    CAPITAL RATIOS          
    Tier 1 leverage ratio — Bank     10.57 %   10.90 %     12.18 %
    Common equity tier 1 ratio — Bank     10.47 %   10.71 %     12.49 %
    Tier 1 risk-based capital ratio — Bank     10.47 %   10.71 %     12.49 %
    Total risk-based capital ratio –Bank     11.65 %   11.90 %     13.69 %
               
    TCE/TA *     6.77 %   6.78 %     7.52 %
    Tangible Book Value per Share   $ 13.49   $ 13.20     $ 12.64  
               
    *Non-GAAP financial measure.          
    Unaudited financials 2025          
               

    Endeavor Bancorp Contact Information:  
    (858) 230.5185  
    Dan Yates, CEO  
    dyates@bankendeavor.com   
      
    (858) 230.4243  
    Steve Sefton, President  
    ssefton@bankendeavor.com

    The MIL Network –

  • MIL-OSI: Brag House, Florida Gators Athletics, and Learfield Announce Strategic Partnership to Create New Digital Sports Medium for Gen Z

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (the “Company” or “Brag House”), the premier Gen Z engagement platform at the intersection of gaming, college sports, and social interaction, today announced a strategic partnership with Florida Gator Athletics and Learfield’s Florida Gators Sports Properties, the media and technology company powering college athletics at over 200 schools. All Gators Athletics sponsorship agreements are managed by athletic media rights holder Florida Gators Sports Properties. This collaboration introduces a first-of-its-kind digital sports medium for Gen Z—reimagining how students and fans engage with college sports through gaming across the nation.

    The initiative debuts with the Orange and Blue at the University of Florida (UF), with the launch of the Brag Gator Gauntlet—a flagship series of digital and in-person gaming activations that fuse school spirit, gaming culture, and live sports into immersive, competitive experiences. These events align with real-world sports calendars, offering students and fans new, interactive ways to rally around their favorite teams through video games they already love to play.

    “We’re not just adding gaming to sports—we’re creating a new lane that lives in harmony with college athletics,” said Lavell Juan Malloy II, CEO & Co-Founder of Brag House. “Starting this series with the Florida Gators and Learfield’s unparalleled access to over 200 universities allows us to scale this vision while giving brands an authentic way to connect with the most elusive and influential demographic—Gen Z.”

    “This partnership represents an exciting evolution in how partners engage with the student body and Gator Nation,” said Darren McPhail, General Manager of Florida Gators Sports Properties. “By integrating gaming into our athletic culture, we’re providing innovative avenues for student involvement and offering brands a new way to engage with the younger demographics of Gator Nation.”

    Redefining Fan Engagement 
    The Brag House x Gators Athletics initiative, in partnership with Learfield, builds a parallel sports engagement channel tailored for digitally native students:

    • Interactive in-person and online gaming activations tied to real-life sporting events
    • Branded gaming experiences designed to mirror student rivalries and fandom
    • Name, Image, and Likeness (“NIL”)-integrated gaming content featuring student-athletes to elevate school pride and authenticity

    Scalable Brand Opportunities

    For brands seeking to connect with Gen Z in a meaningful way, this partnership delivers unrivaled access to hyper-engaged college communities:

    • Custom advertising and sponsorship opportunities across digital platforms, on-site events, and athletic venues
    • Gamified experiences and branded loyalty systems that reward participation and foster deeper brand affinity
    • Student-athletes influencer-driven campaigns featuring serialized content

    This monetization model shows how brands can generate a measurable return on investment while deepening engagement with target audiences.

    Actionable Gen Z Insights
    Beyond engagement, Brag House will continue to build a robust data engine to help brands connect with Gen Z in a more authentic and measurable way. Using proprietary behavioral data and insights, Brag House will empower marketers to create hyper-personalized, performance-optimized campaigns tailored to Gen Z’s preferences and behavior.

    What’s Next
    Following the first activation with Gators Athletics for students of the University of Florida, Brag House and Learfield aim to roll out the model across additional campuses later this year. The roadmap targets a 10-school expansion in 2025, scaling to 50 campuses by the end of 2026, supported by evolving technology capabilities and advanced audience segmentation tools.

    “This is not a niche campaign—it’s a new tradition,” added Malloy. “We’re defining how Gen Z connects with college athletics—and giving brands a meaningful way to be part of that story.”

    Forward-Looking Statements 
    Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. These statements are subject to uncertainties and risks, including, but not limited to, the risk factors discussed in the “Risk Factors” section of the Company’s filings with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.

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

    About Learfield
    Learfield is the leading media and technology company powering college athletics. Through its digital and physical platforms, Learfield owns and leverages a deep data set and relationships in the industry to drive revenue, growth, brand awareness, and fan engagement for brands, sports, and entertainment properties. With ties to over 1,200 collegiate institutions and over 12,000 local and national brand partners, Learfield’s presence in college sports and live events delivers influence and maximizes reach to target audiences. With solutions for a 365-day, 24/7 fan experience, Learfield enables schools and brands to connect with fans through licensed merchandise, game ticketing, donor identification for athletic programs, exclusive custom content, innovative marketing initiatives, NIL solutions, and advanced digital platforms. Since 2008, it has served as title sponsor for the acclaimed Learfield Directors’ Cup, supporting athletic departments across all divisions.

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

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

    The MIL Network –

  • MIL-OSI: Bel Fuse Announces Upcoming Investor Conference Schedule for May 2025

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., April 28, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for May 2025:

    • Oppenheimer’s 20thAnnual Industrial Growth Conference (Virtual)
      Farouq Tuweiq, CFO
      Lynn Hutkin, VP Financial Reporting & Investor Relations
      Thursday, May 8, 2025
      Conducting meetings throughout the day with a fireside chat at 12:45 pm ET
    • 22ndAnnual Craig-Hallum Institutional Investor Conference
      Farouq Tuweiq, CFO
      Lynn Hutkin, VP Financial Reporting & Investor Relations
      Wednesday, May 28, 2025
      Depot Renaissance Hotel Minneapolis
      Conducting meetings throughout the day
    • KeyBanc Industrial & Basics Conference
      Farouq Tuweiq, CFO
      Lynn Hutkin, VP Financial Reporting & Investor Relations
      Thursday, May 29, 2025
      InterContinental Boston
      Conducting meetings throughout the day

    About Bel
    Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the defense, commercial aerospace, networking, telecommunications, computing, general industrial high-speed data transmission, transportation and eMobility industries. Bel’s product groups include Power Solutions and Protection (front-end, board-mount and industrial and transportation power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Company Contact:
    Lynn Hutkin, VP Financial Reporting & Investor Relations
    ir@belf.com 

    Investor Contact:
    Three Part Advisors
    Jean Marie Young, Managing Director or Steven Hooser, Partner
    631-418-4339

    The MIL Network –

  • MIL-OSI: Citizens Community Bancorp, Inc. Reports First Quarter 2025 Earnings of $0.32 Per Share; Book Value Per Share Up 8% and Tangible Book Value Per Share Up 10% Since March 31, 2024, After Annual Dividend Payment of $0.36 Per Share

    Source: GlobeNewswire (MIL-OSI)

    EAU CLAIRE, Wis., April 28, 2025 (GLOBE NEWSWIRE) — Citizens Community Bancorp, Inc. (the “Company”) (Nasdaq: CZWI), the parent company of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), today reported earnings of $3.2 million and earnings per diluted share of $0.32 for the first quarter ended March 31, 2025, compared to $2.7 million and earnings per diluted share of $0.27 for the fourth quarter ended December 31, 2024, and $4.1 million and $0.39 earnings per diluted share for the quarter ended March 31, 2024, respectively.

    The Company’s first quarter 2025 operating results reflected the following changes from the fourth quarter of 2024: (1) decrease in net interest income of $0.1 million as two fewer days in the quarter were largely offset by an increase in the net interest margin of 6 basis points; (2) a smaller negative provision for credit losses of $0.3 million compared to $0.5 million in the fourth quarter; (3) higher non-interest income of $0.6 million primarily due to $0.5 million higher gain on sale of loans and $0.3 million higher net gains on sale of equity securities in the first quarter of 2025; and (4) lower non-interest expense primarily due to lower compensation and related benefits of $0.2 million and lower losses on repossessed assets of $0.2 million.

    Book value per share improved to $18.02 at March 31, 2025, compared to $17.94 at December 31, 2024, and $16.61 at March 31, 2024. Tangible book value per share (non-GAAP)1 was $14.79 at March 31, 2025, compared to $14.69 at December 31, 2024, and a 10.1% increase from $13.43 at March 31, 2024. For the first quarter of 2025, tangible book value was positively impacted by (1) net income, (2) the impact of lower long-term interest rates which decreased the net unrealized loss on the available for sale securities portfolio, and (3) amortization of intangibles which were largely offset by the payment of the annual $0.36 per share dividend. Stockholders’ equity as a percentage of total assets was 10.12% at March 31, 2025, compared to 10.24% at December 31, 2024. Tangible common equity (“TCE”) as a percent of tangible assets (non-GAAP)1 decreased modestly to 8.45% at March 31, 2025, compared to 8.54% at December 31, 2024, largely due to the payment of the dividend.

    “I am pleased with results in a quarter that is seasonally the slowest for us because of winter. The balance sheet is well positioned for the remainder of 2025 with strong capital and liquidity positions, strong ACL reserves and credit metrics in our historical range. Our TCE at 8.5% provides a cushion for uncertainty like we have seen thus far in 2025 and for share repurchases. Our liquidity position, including the loan to deposit ratio below 90% is expected to support quality, well priced loan growth in the low to mid-single digit percentages with strategic, relationship borrowers. Our markets remain stable with unemployment below national averages and tariff exposure appears to be indirect should this risk persist. We believe loan repricing and originations will benefit our net-interest margin expansion, especially in the second half of 2025, and throughout 2026, as well as will the impact of deposit repricing,” stated Stephen Bianchi, Chairman, President, and Chief Executive Officer.

    March 31, 2025, Highlights:

    • Quarterly earnings were $3.2 million, or $0.32 per diluted share for the quarter ended March 31, 2025, an increase compared to earnings of $2.7 million, or $0.27 per diluted share for the quarter ended December 31, 2024, and a decrease from $4.1 million, or $0.39 per diluted share for the quarter ended March 31, 2024.
    • Net interest income decreased $0.1 million to $11.6 million for the current quarter ended March 31, 2025, from $11.7 million for the quarter ended December 31, 2024, and from $11.9 million for the quarter ended March 31, 2024. The decrease in net interest income from the fourth quarter of 2024 was primarily due to two fewer days in the quarter which was mostly offset by an increase in net interest margin of six basis points.
    • The net interest margin increased to 2.85%, primarily due to lower deposit costs. The net interest margin increase in the first quarter of 2025 was negatively impacted by three basis points from lower deferred fee accretion compared to the fourth quarter of 2024 due to lower payoffs in the first quarter of 2025.
    • Negative provision for credit losses of $0.25 million, $0.45 million, and $0.80 million were recorded during the quarters ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively. The first quarter’s negative provision was due to decreases in on-balance sheet allowance for credit losses (“ACL”) of $0.35 million partially offset by a $0.10 million increase in off-balance sheet ACL due to an increase in unfunded loan commitments.
    • Non-interest income increased by $0.6 million in the first quarter of 2025 to $2.6 million from $2.0 million the prior quarter due to $0.5 million of higher gain on sale of loans, $0.3 million of higher net gains on equity securities partially offset by lower loan fees and service charges of $0.2 million due to lower customer activity. Total non-interest income for the quarter ended March 31, 2025, was $0.7 million lower than first quarter 2024 primarily due to lower gain on sale of loans and net realized gains on debt securities.
    • Non-interest expense decreased $0.3 million to $10.5 million from $10.8 million for both the fourth quarter of 2024 and the first quarter of 2024. The $0.3 million decrease in non-interest expense compared to the linked quarter was largely due to lower compensation due to lower incentive costs and lower losses on repossessed assets, partially offset by higher other expense. The $0.3 million decrease from the first quarter of 2024 was due to a $0.4 million decrease in other expenses resulting from lower SBA recourse reserve expense.
    • Loans receivable decreased $16.3 million during the first quarter ended March 31, 2025, to $1.353 billion compared to the prior quarter end, largely due to the seasonal impact of lower activity.
    • Total deposits increased $35.5 million during the quarter ended March 31, 2025, to $1.524 billion. Total deposit growth reflected the seasonal growth in municipal deposits of $20.8 million, which typically decreases in the middle two quarters before increasing in the fourth quarter. Growth in retail and commercial areas was partially offset by the reduction of $6.3 million in wholesale deposits due to reduction in brokered deposits.
    • The last remaining Federal Home Loan Bank advance was repaid in the quarter, resulting in no advances at March 31, 2025, down from $5.0 million at December 31, 2024, and $39.5 million one year earlier.
    • The effective tax rate was 19.6% for the quarter ended March 31, 2025, compared to 19.5% for the quarter ended December 31, 2024, and 21.3% for the quarter ended March 31, 2024.
    • Nonperforming assets increased $0.3 million during the quarter to $14.5 million at March 31, 2025, compared to $14.2 million at December 31, 2024.
    • Special mention loans increased $6.5 million to $15.0 million at March 31, 2025, from $8.5 million in the previous quarter. The increase was largely due to one C&I relationship that showed weaker cash flow than expected.
    • The efficiency ratio was 73% for the quarter ended March 31, 2025, compared to 76% for the quarter ended December 31, 2024.

    Balance Sheet and Asset Quality

    Total assets increased by $31.4 million during the quarter to $1.780 billion at March 31, 2025.

    Cash increased $50.0 million due to the growth in deposits and loan shrinkage growing our balances at the Federal Reserve.

    Securities available for sale (“AFS”) decreased $3.2 million during the quarter ended March 31, 2025, to $139.6 million from $142.9 million at December 31, 2024. The decrease was due to principal repayments of $2.6 million, and a corporate debt security maturity of $2.5 million, partially offset by lower pre-tax unrealized losses of $1.9 million.

    Securities held to maturity (“HTM”) decreased $1.2 million to $84.3 million during the quarter ended March 31, 2025, from $85.5 million at December 31, 2024, due to principal repayments.

    The on-balance sheet liquidity ratio, which is defined as the fair market value of AFS and HTM securities that are not pledged and cash on deposit with other financial institutions, was 14.38% of total assets at March 31, 2025, compared to 11.75% at December 31, 2024. On-balance sheet liquidity collateralized new borrowing capacity and uncommitted federal funds borrowing availability was $852 million, or 314%, of uninsured and uncollateralized deposits at March 31, 2025, and $725 million, or 273%, at December 31, 2024.

    Loans receivable decreased $16.3 million during the first quarter ended March 31, 2025, to $1.353 billion compared to the prior quarter end, largely due to the seasonal impact of lower origination and funding activity.

    The office loan portfolio consisting of seventy-two loans totaled $28 million at March 31, 2025, compared to seventy-one loans totaling $28 million at December 31, 2024. Criticized loans in the office loan portfolio for the quarter ended March 31, 2025, totaled $0.5 million, the same amount at December 31, 2024, and there have been no charge-offs in the trailing twelve months.

    The allowance for credit losses on loans decreased by $0.34 million to $20.2 million at March 31, 2025, representing 1.49% of total loans receivable compared to 1.50% of total loans receivable at December 31, 2024. For the quarter ended March 31, 2025, the Bank recorded a negative provision of $0.25 million which included a negative provision on ACL for loans of $0.35 million, partially offset by a provision of $0.10 million on ACL for unfunded commitments due to an increase in unfunded commitments. 30-89 day loan delinquencies decreased to 0.15% of total loans at March 31, 2025, compared to a 0.33% delinquency ratio at December 31, 2024. The Bank had $0.007 million of net recoveries in the first quarter.

    Allowance for Credit Losses (“ACL”) – Loans Percentage

    (in thousands, except ratios)

      March 31, 2025   December 31, 2024   September 30, 2024   June 30, 2024
    Loans, end of period $ 1,352,728     $ 1,368,981     $ 1,424,828     $ 1,428,588  
    Allowance for credit losses – Loans $ 20,205     $ 20,549     $ 21,000     $ 21,178  
    ACL – Loans as a percentage of loans, end of period   1.49 %     1.50 %     1.47 %     1.48 %

    In addition to the ACL – Loans, the Company has established an ACL – Unfunded Commitments of $0.435 million at March 31, 2025, $0.334 million at December 31, 2024, and $0.975 million at March 31, 2024, classified in other liabilities on the consolidated balance sheets.

    Allowance for Credit Losses – Unfunded Commitments:
    (in thousands)

        March 31, 2025
    and Three Months
    Ended    		   December 31, 2024
    and Three Months
    Ended    		   March 31, 2024
    and Three Months
    Ended
    ACL – Unfunded commitments – beginning of period   $ 334   $ 460     $ 1,250  
    (Reductions) additions to ACL – Unfunded commitments via provision for credit losses charged to operations     101     (126 )     (275 )
    ACL – Unfunded commitments – end of period   $ 435   $ 334     $ 975  
                           

    Special mention loans increased by $6.5 million to $15.0 million at March 31, 2025, compared to $8.5 million at December 31, 2024. The increase was largely due to one C&I relationship as noted earlier.

    Substandard loans increased by $0.7 million to $19.6 million at March 31, 2025, compared to $18.9 million at December 31, 2024.

    Nonperforming assets increased modestly by $0.3 million to $14.5 million at March 31, 2025, compared to $14.2 million at December 31, 2024.

      (in thousands)
      March 31, 2025   December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024
    Special mention loan balances $ 14,990   $ 8,480   $ 11,047   $ 8,848   $ 13,737
    Substandard loan balances   19,591     18,891     21,202     14,420     14,733
    Criticized loans, end of period $ 34,581   $ 27,371   $ 32,249   $ 23,268   $ 28,470
                                 

    Deposit Portfolio Composition
    (in thousands)

      March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Consumer deposits $ 861,746   $ 852,083   $ 844,808   $ 822,665   $ 827,290
    Commercial deposits   423,654     412,355     406,095     395,148     400,910
    Public deposits   211,261     190,460     176,844     187,698     202,175
    Wholesale deposits   26,993     33,250     92,920     114,033     97,114
    Total deposits $ 1,523,654   $ 1,488,148   $ 1,520,667   $ 1,519,544   $ 1,527,489
                                 

    At March 31, 2025, the deposit portfolio composition was 56% consumer, 28% commercial, 14% public, and 2% wholesale deposits compared to 57% consumer, 28% commercial, 13% public, and 2% wholesale deposits at December 31, 2024.

    Deposit Composition By Type
    (in thousands)

      March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Non-interest-bearing demand deposits $ 253,343   $ 252,656   $ 256,840   $ 255,703   $ 248,537
    Interest-bearing demand deposits   386,302     355,750     346,971     353,477     361,278
    Savings accounts   167,614     159,821     169,096     170,946     177,595
    Money market accounts   370,741     369,534     366,067     370,164     387,879
    Certificate accounts   345,654     350,387     381,693     369,254     352,200
    Total deposits $ 1,523,654   $ 1,488,148   $ 1,520,667   $ 1,519,544     1,527,489
                                 

    Uninsured and uncollateralized deposits were $271.7 million, or 18% of total deposits, at March 31, 2025, and $265.4 million, or 18% of total deposits, at December 31, 2024. Uninsured deposits alone at March 31, 2025, were $444.4 million, or 29% of total deposits, and $428.0 million, or 29% of total deposits at December 31, 2024.

    The last remaining Federal Home Loan Bank advance was repaid in the quarter, resulting in no advances at March 31, 2025, down from $5.0 million at December 31, 2024, and $39.5 million one year earlier.

    No common stock was repurchased in the first quarter of 2025. There are 238 thousand shares remaining available to repurchase under the July 2024 Board of Director repurchase authorization.

    Review of Operations

    Net interest income decreased $0.1 million for the quarter ended March 31, 2025, to $11.6 million from $11.7 million for the quarter ended December 31, 2024, and decreased $0.3 million from $11.9 million for the quarter ended March 31, 2024. The decrease in net interest income compared to the fourth quarter of 2024 was primarily due to two fewer days of interest income or approximately $0.2 million, the impact of smaller average assets of $0.2 million, offset by an increase in net interest margin of six basis points or $0.3 million. The net interest margin increase was negatively impacted by 3 basis points due to lower deferred fee accretion compared to the fourth quarter resulting from lower loan payoffs.

    Net interest income and net interest margin analysis:
    (in thousands, except yields and rates)

      Three months ended
      March 31, 2025   December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024
      Net
    Interest
    Income    		   Net
    Interest
    Margin    		   Net
    Interest
    Income    		   Net
    Interest
    Margin    		   Net
    Interest
    Income    		   Net
    Interest
    Margin    		   Net
    Interest
    Income    		   Net
    Interest
    Margin    		   Net
    Interest
    Income    		   Net
    Interest
    Margin
    As reported $ 11,594     2.85 %   $ 11,708     2.79 %   $ 11,285     2.63 %   $ 11,576     2.72 %   $ 11,905     2.77 %
    Less accretion for PCD loans   (36 )   (0.01)%     (42 )   (0.01)%     (45 )   (0.01)%     (62 )   (0.01)%     (75 )   (0.02)%
    Less scheduled accretion interest   (33 )   (0.01)%     (33 )   (0.01)%     (33 )   (0.01)%     (32 )   (0.01)%     (33 )   (0.01)%
    Without loan purchase accretion $ 11,525     2.83 %   $ 11,633     2.77 %   $ 11,207     2.61 %   $ 11,482     2.70 %   $ 11,797     2.74 %

    The table below shows the impact of certificate, loan and securities contractual fixed rate maturing and repricing.

    Portfolio Contractual Repricing:
    (in millions, except yields)

      Q2 2025   Q3 2025   Q4 2025   Q1 2026   Q2 2026   Q3 2026   Q4 2026   FY 2027
    Maturing Certificate Accounts:                              
    Contractual Balance $ 174     $ 101     $ 28     $ 23     $ 8     $ —     $ —     $ 8  
    Contractual Interest Rate   4.59 %     3.98 %     3.72 %     3.66 %     3.47 %     — %     — %     4.01 %
    Maturing or Repricing Loans:                              
    Contractual Balance $ 52     $ 18     $ 55     $ 45     $ 51     $ 120     $ 98     $ 243  
    Contractual Interest Rate   6.62 %     6.14 %     4.64 %     4.53 %     4.18 %     3.61 %     3.72 %     4.66 %
    Maturing or Repricing Securities:                              
    Contractual Balance $ 5     $ 3     $ 4     $ 2     $ 7     $ 7     $ 3     $ 6  
    Contractual Interest Rate   5.64 %     4.07 %     4.31 %     3.72 %     3.57 %     3.44 %     3.27 %     4.47 %
                                                                   

    Non-interest income increased by $0.6 million in the first quarter of 2025, to $2.6 million from $2.0 million the prior quarter due to $0.5 million of higher gain on sale of loans and $0.3 million of higher net gains on equity securities. Total non-interest income for the quarter ended March 31, 2025, was $0.7 million lower than first quarter 2024 primarily due to lower gain on sale of loans and net realized gains on debt securities.

    Non-interest expense decreased $0.3 million to $10.5 million from $10.8 million for both the previous quarter and the quarter one year earlier. The $0.3 million decrease in non-interest expense compared to the linked quarter was largely due to lower compensation due to lower incentive costs and lower losses on repossessed assets. The $0.3 million decrease from the first quarter of 2024 was largely due to a $0.4 million decrease in other expense due to lower SBA recourse reserve expense.

    Provision for income taxes increased to $0.8 million in the first quarter of 2025, from $0.7 million in the fourth quarter of 2024, largely due to higher pre-tax income. The effective tax rate was 19.6% for the quarter ended March 31, 2025, 19.5% for the quarter ended December 31, 2024, and 21.3% for the quarter ended March 31, 2024.

    These financial results are preliminary until the Form 10-Q is filed in May 2025.

    About the Company

    Citizens Community Bancorp, Inc. (NASDAQ: “CZWI”) is the holding company of the Bank, a national bank based in Altoona, Wisconsin, currently serving customers primarily in Wisconsin and Minnesota through 21 branch locations. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, ag operators and consumers, including residential mortgage loans.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements contained in this release are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “estimates,” “intend,” “may,” “on pace,” “preliminary,” “planned,” “potential,” “should,” “will,” “would” or the negative of those terms or other words of similar meaning. Such forward-looking statements in this release are inherently subject to many uncertainties arising in the operations and business environment of the Company and the Bank. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics (including new variants of COVID-19); cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which it operates; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures among depository and other financial institutions; disintermediation risk; our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating the acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; the potential volatility of our stock price; accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors, and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company’s performance are discussed further in Part I, Item 1A, “Risk Factors,” in the Company’s Form 10-K, for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on March 13, 2025 and the Company’s subsequent filings with the SEC. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this news release or to update them to reflect events or circumstances occurring after the date of this release.

    1Non-GAAP Financial Measures

    This press release contains non-GAAP financial measures, such as net income as adjusted, net income as adjusted per share, tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on average tangible common equity, which management believes may be helpful in understanding the Company’s results of operations or financial position and comparing results over different periods.

    Net income as adjusted and net income as adjusted per share are non-GAAP measures that eliminate the impact of certain expenses such as branch closure costs and related severance pay, accelerated depreciation expense and lease termination fees, and the gain on sale of branch deposits and fixed assets. Tangible book value, tangible book value per share, tangible common equity as a percentage of tangible assets and return on average tangible common equity are non-GAAP measures that eliminate the impact of goodwill and intangible assets on our financial position. Management believes these measures are useful in assessing the strength of our financial position.

    Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other banks and financial institutions.

    Contact: Steve Bianchi, CEO
    (715)-836-9994

    (CZWI-ER)

    CITIZENS COMMUNITY BANCORP, INC.
    Consolidated Balance Sheets
    (in thousands, except share data)
     
      March 31, 2025
    (unaudited)    		   December 31, 2024
    (audited)    		   September 30, 2024
    (unaudited)    		   March 31, 2024
    (unaudited)
    Assets              
    Cash and cash equivalents $ 100,199     $ 50,172     $ 36,632     $ 28,638  
    Securities available for sale “AFS”   139,642       142,851       149,432       151,672  
    Securities held to maturity “HTM”   84,301       85,504       87,033       89,942  
    Equity investments   5,462       4,702       5,096       3,281  
    Other investments   12,496       12,500       12,311       13,022  
    Loans receivable   1,352,728       1,368,981       1,424,828       1,450,159  
    Allowance for credit losses   (20,205 )     (20,549 )     (21,000 )     (22,436 )
    Loans receivable, net   1,332,523       1,348,432       1,403,828       1,427,723  
    Loans held for sale   3,296       1,329       697       —  
    Mortgage servicing rights, net   3,583       3,663       3,696       3,774  
    Office properties and equipment, net   16,649       17,075       17,365       18,026  
    Accrued interest receivable   5,926       5,653       6,235       6,324  
    Intangible assets   800       979       1,158       1,515  
    Goodwill   31,498       31,498       31,498       31,498  
    Foreclosed and repossessed assets, net   876       915       1,572       1,845  
    Bank owned life insurance (“BOLI”)   26,296       26,102       25,901       25,836  
    Other assets   16,416       17,144       16,683       16,219  
    TOTAL ASSETS $ 1,779,963     $ 1,748,519     $ 1,799,137     $ 1,819,315  
    Liabilities and Stockholders’ Equity              
    Liabilities:              
    Deposits $ 1,523,654     $ 1,488,148     $ 1,520,667     $ 1,527,489  
    Federal Home Loan Bank (“FHLB”) advances   —       5,000       21,000       39,500  
    Other borrowings   61,664       61,606       61,548       67,523  
    Other liabilities   14,594       14,681       15,773       11,982  
    Total liabilities   1,599,912       1,569,435       1,618,988       1,646,494  
    Stockholders’ Equity:              
    Common stock— $0.01 par value, authorized 30,000,000; 9,989,536, 9,981,996, 10,074,136, and 10,406,880 shares issued and outstanding, respectively   100       100       101       104  
    Additional paid-in capital   114,477       114,564       115,455       118,916  
    Retained earnings   80,439       80,840       78,438       71,831  
    Accumulated other comprehensive loss   (14,965 )     (16,420 )     (13,845 )     (18,030 )
    Total stockholders’ equity   180,051       179,084       180,149       172,821  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,779,963     $ 1,748,519     $ 1,799,137     $ 1,819,315  
                                   

    Note: Certain items previously reported were reclassified for consistency with the current presentation.

    CITIZENS COMMUNITY BANCORP, INC.
    Consolidated Statements of Operations
    (in thousands, except per share data)
     
      Three Months Ended
      March 31, 2025
    (unaudited)    		   December 31, 2024
    (unaudited)    		   March 31, 2024
    (unaudited)
    Interest and dividend income:          
    Interest and fees on loans $ 18,602     $ 19,534     $ 20,168  
    Interest on investments   2,501       2,427       2,511  
    Total interest and dividend income   21,103       21,961       22,679  
    Interest expense:          
    Interest on deposits   8,597       9,273       9,209  
    Interest on FHLB borrowed funds   11       65       512  
    Interest on other borrowed funds   901       915       1,053  
    Total interest expense   9,509       10,253       10,774  
    Net interest income before provision for credit losses   11,594       11,708       11,905  
    (Negative) provision for credit losses   (250 )     (450 )     (800 )
    Net interest income after provision for credit losses   11,844       12,158       12,705  
    Non-interest income:          
    Service charges on deposit accounts   423       450       471  
    Interchange income   518       550       541  
    Loan servicing income   559       520       582  
    Gain on sale of loans   720       218       1,020  
    Loan fees and service charges   120       292       230  
    Net realized gains on debt securities   —       —       —  
    Net gains (losses) on equity securities   10       (287 )     167  
    Other   243       266       253  
    Total non-interest income   2,593       2,009       3,264  
    Non-interest expense:          
    Compensation and related benefits   5,597       5,840       5,483  
    Occupancy   1,287       1,217       1,367  
    Data processing   1,719       1,743       1,597  
    Amortization of intangible assets   179       179       179  
    Mortgage servicing rights expense, net   140       107       148  
    Advertising, marketing and public relations   167       218       164  
    FDIC premium assessment   198       192       205  
    Professional services   508       514       566  
    Losses on repossessed assets, net   4       247       —  
    Other   664       552       1,068  
    Total non-interest expense   10,463       10,809       10,777  
    Income before provision for income taxes   3,974       3,358       5,192  
    Provision for income taxes   777       656       1,104  
    Net income attributable to common stockholders $ 3,197     $ 2,702     $ 4,088  
    Per share information:          
    Basic earnings $ 0.32     $ 0.27     $ 0.39  
    Diluted earnings $ 0.32     $ 0.27     $ 0.39  
    Cash dividends paid $ 0.36     $ —     $ 0.32  
    Book value per share at end of period $ 18.02     $ 17.94     $ 16.61  
    Tangible book value per share at end of period (non-GAAP) $ 14.79     $ 14.69     $ 13.43  

    Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)

    (in thousands, except per share data)

      Three Months Ended
      March 31,
    2025    		   December 31,
    2024    		   March 31,
    2024
               
    GAAP pretax income $ 3,974   $ 3,358   $ 5,192
    Branch closure costs (1)   —     —     —
    Pretax income as adjusted (2) $ 3,974   $ 3,358   $ 5,192
    Provision for income tax on net income as adjusted (3)   777     656     1,104
    Net income as adjusted (non-GAAP) (2) $ 3,197   $ 2,702   $ 4,088
    GAAP diluted earnings per share, net of tax $ 0.32   $ 0.27   $ 0.39
    Branch closure costs, net of tax   —     —     —
    Diluted earnings per share, as adjusted, net of tax (non-GAAP) $ 0.32   $ 0.27   $ 0.39
               
    Average diluted shares outstanding   10,000,818     10,033,957     10,443,267

    (1) Branch closure costs include severance pay recorded in compensation and benefits and depreciation and right of use lease asset accelerated expense included in other non-interest expense in the consolidated statement of operations.
    (2) Pretax income as adjusted and net income as adjusted are non-GAAP measures that management believes enhances the market’s ability to assess the underlying business performance and trends related to core business activities.
    (3) Provision for income tax on net income as adjusted is calculated at our effective tax rate for each respective period presented.

    Loan Composition

    (in thousands)

      March 31, 2025   December 31, 2024   September 30, 2024   June 30, 2024
    Total Loans:              
    Commercial/Agricultural real estate:              
    Commercial real estate $ 709,975     $ 709,018     $ 730,459     $ 729,236  
    Agricultural real estate   71,071       73,130       76,043       78,248  
    Multi-family real estate   237,872       220,805       239,191       234,758  
    Construction and land development   58,461       78,489       87,875       87,898  
    C&I/Agricultural operating:              
    Commercial and industrial   109,620       115,657       119,619       127,386  
    Agricultural operating   29,310       31,000       27,550       27,409  
    Residential mortgage:              
    Residential mortgage   129,070       132,341       134,944       133,503  
    Purchased HELOC loans   2,560       2,956       2,932       2,915  
    Consumer installment:              
    Originated indirect paper   3,434       3,970       4,405       5,110  
    Other consumer   4,679       5,012       5,438       5,860  
    Gross loans $ 1,356,052     $ 1,372,378     $ 1,428,456     $ 1,432,323  
    Unearned net deferred fees and costs and loans in process   (2,542 )     (2,547 )     (2,703 )     (2,733 )
    Unamortized discount on acquired loans   (782 )     (850 )     (925 )     (1,002 )
    Total loans receivable $ 1,352,728     $ 1,368,981     $ 1,424,828     $ 1,428,588  
                                   

    Nonperforming Assets
    Loan Balances at Amortized Cost

    (in thousands, except ratios)

      March 31, 2025   December 31, 2024   September 30, 2024   June 30, 2024
    Nonperforming assets:              
    Nonaccrual loans              
    Commercial real estate $ 4,948     $ 4,594     $ 4,778     $ 5,350  
    Agricultural real estate   5,934       6,222       6,193       382  
    Construction and land development   —       103       106       —  
    Commercial and industrial (“C&I”)   701       597       1,956       422  
    Agricultural operating   725       793       901       1,017  
    Residential mortgage   782       858       1,088       1,145  
    Consumer installment   1       1       20       36  
    Total nonaccrual loans $ 13,091     $ 13,168     $ 15,042     $ 8,352  
    Accruing loans past due 90 days or more   568       186       530       256  
    Total nonperforming loans (“NPLs”) at amortized cost   13,659       13,354       15,572       8,608  
    Foreclosed and repossessed assets, net   876       915       1,572       1,662  
    Total nonperforming assets (“NPAs”) $ 14,535     $ 14,269     $ 17,144     $ 10,270  
    Loans, end of period $ 1,352,728     $ 1,368,981     $ 1,424,828     $ 1,428,588  
    Total assets, end of period $ 1,779,963     $ 1,748,519     $ 1,799,137     $ 1,802,307  
    Ratios:              
    NPLs to total loans   1.01 %     0.98 %     1.09 %     0.60 %
    NPAs to total assets   0.82 %     0.82 %     0.95 %     0.57 %

    Average Balances, Interest Yields and Rates

    (in thousands, except yields and rates)

        Three Months Ended
    March 31, 2025    		   Three Months Ended
    December 31, 2024    		   Three Months Ended
    March 31, 2024
        Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate
    Average interest earning assets:                                    
    Cash and cash equivalents   $ 47,835   $ 524   4.44 %   $ 26,197   $ 327   4.97 %   $ 13,071   $ 191   5.88 %
    Loans receivable     1,363,352     18,602   5.53 %     1,396,854     19,534   5.56 %     1,456,586     20,168   5.57 %
    Investment securities     228,514     1,808   3.21 %     235,268     1,940   3.28 %     243,991     2,060   3.40 %
    Other investments     12,498     169   5.48 %     12,318     160   5.17 %     13,350     260   7.83 %
    Total interest earning assets   $ 1,652,199   $ 21,103   5.18 %   $ 1,670,637   $ 21,961   5.23 %   $ 1,726,998   $ 22,679   5.28 %
    Average interest-bearing liabilities:                                    
    Savings accounts   $ 167,001   $ 407   0.99 %   $ 162,501   $ 383   0.94 %   $ 176,838   $ 421   0.96 %
    Demand deposits     382,355     2,033   2.16 %     346,411     1,891   2.17 %     353,995     2,017   2.29 %
    Money market accounts     365,528     2,535   2.81 %     351,566     2,720   3.08 %     377,475     2,920   3.11 %
    CD’s     343,751     3,622   4.27 %     374,087     4,279   4.55 %     360,177     3,851   4.30 %
    Total deposits   $ 1,258,635   $ 8,597   2.77 %   $ 1,234,565   $ 9,273   2.99 %   $ 1,268,485   $ 9,209   2.92 %
    FHLB advances and other borrowings     64,635     912   5.72 %     72,431     980   5.38 %     124,701     1,565   5.05 %
    Total interest-bearing liabilities   $ 1,323,270   $ 9,509   2.91 %   $ 1,306,996   $ 10,253   3.12 %   $ 1,393,186   $ 10,774   3.11 %
    Net interest income       $ 11,594           $ 11,708           $ 11,905    
    Interest rate spread           2.27 %           2.11 %           2.17 %
    Net interest margin           2.85 %           2.79 %           2.77 %
    Average interest earning assets to average interest-bearing liabilities           1.25             1.28             1.24  
                                               

    Wholesale Deposits
    (in thousands)

      Quarter Ended
      March 31, 2025   December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024
    Brokered certificate accounts $ 5,489   $ 14,123   $ 48,578   $ 54,123   $ 43,507
    Brokered money market accounts   5,053     5,002     18,076     42,673     40,429
    Third party originated reciprocal deposits   16,451     14,125     26,266     17,237     13,178
    Total $ 26,993   $ 33,250   $ 92,920   $ 114,033   $ 97,114
                                 

    Key Financial Metric Ratios:

      Three Months Ended
      March 31, 2025   December 31, 2024   March 31, 2024
    Ratios based on net income:          
    Return on average assets (annualized) 0.74 %   0.61 %   0.90 %
    Return on average equity (annualized) 7.26 %   6.00 %   9.57 %
    Return on average tangible common equity4(annualized) 9.28 %   7.72 %   12.26 %
    Efficiency ratio 73 %   76 %   71 %
    Net interest margin with loan purchase accretion 2.85 %   2.79 %   2.77 %
    Net interest margin without loan purchase accretion 2.83 %   2.77 %   2.74 %
    Ratios based on net income as adjusted (non-GAAP)          
    Return on average assets as adjusted2(annualized) 0.74 %   0.61 %   0.90 %
    Return on average equity as adjusted3(annualized) 7.26 %   6.00 %   9.57 %
                     

    Reconciliation of Return on Average Assets

    (in thousands, except ratios)

      Three Months Ended
      March 31, 2025   December 31, 2024   March 31, 2024
           
    GAAP earnings after income taxes $ 3,197     $ 2,702     $ 4,088  
    Net income as adjusted after income taxes (non-GAAP) (1) $ 3,197     $ 2,702     $ 4,088  
    Average assets $ 1,763,191     $ 1,771,351     $ 1,834,152  
    Return on average assets (annualized)   0.74 %     0.61 %     0.90 %
    Return on average assets as adjusted (non-GAAP) (annualized)   0.74 %     0.61 %     0.90 %
                           

    (1) See Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)

    Reconciliation of Return on Average Equity

    (in thousands, except ratios)

      Three Months Ended
      March 31, 2025   December 31, 2024   March 31, 2024
    GAAP earnings after income taxes $ 3,197     $ 2,702     $ 4,088  
    Net income as adjusted after income taxes (non-GAAP) (1) $ 3,197     $ 2,702     $ 4,088  
    Average equity $ 178,470     $ 179,242     $ 171,794  
    Return on average equity (annualized)   7.26 %     6.00 %     9.57 %
    Return on average equity as adjusted (non-GAAP) (annualized)   7.26 %     6.00 %     9.57 %
                           

    (1) See Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)

    Reconciliation of Return on Average Tangible Common Equity (non-GAAP)

    (in thousands, except ratios)

      Three Months Ended
      March 31, 2025   December 31, 2024   March 31, 2024
    Total stockholders’ equity $ 180,051     $ 179,084     $ 172,821  
    Less: Goodwill   (31,498 )     (31,498 )     (31,498 )
    Less: Intangible assets   (800 )     (979 )     (1,515 )
    Tangible common equity (non-GAAP) $ 147,753     $ 146,607     $ 139,808  
    Average tangible common equity (non-GAAP) $ 146,083     $ 146,676     $ 138,692  
    GAAP earnings after income taxes   3,197       2,702       4,088  
    Amortization of intangible assets, net of tax   144       144       141  
    Tangible net income $ 3,341     $ 2,846     $ 4,229  
    Return on average tangible common equity (annualized)   9.28 %     7.72 %     12.26 %
                           

    Reconciliation of Efficiency Ratio

    (in thousands, except ratios)

      Three Months Ended
      March 31, 2025   December 31, 2024   March 31, 2024
    Non-interest expense (GAAP) $ 10,463     $ 10,809     $ 10,777  
    Less amortization of intangibles   (179 )     (179 )     (179 )
    Efficiency ratio numerator (GAAP) $ 10,284     $ 10,630     $ 10,598  
               
    Non-interest income $ 2,593     $ 2,009     $ 3,264  
    Add back net losses on debt and equity securities   —       (287 )     —  
    Subtract net gains on debt and equity securities   10       —       167  
    Net interest income   11,594       11,708       11,905  
    Efficiency ratio denominator (GAAP) $ 14,177     $ 14,004     $ 15,002  
    Efficiency ratio (GAAP)   73 %     76 %     71 %
                           

    Reconciliation of tangible book value per share (non-GAAP)

    (in thousands, except per share data)

    Tangible book value per share at end of period March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Total stockholders’ equity $ 180,051     $ 179,084     $ 180,149     $ 176,045     $ 172,821  
    Less: Goodwill   (31,498 )     (31,498 )     (31,498 )     (31,498 )     (31,498 )
    Less: Intangible assets   (800 )     (979 )     (1,158 )     (1,336 )     (1,515 )
    Tangible common equity (non-GAAP) $ 147,753     $ 146,607     $ 147,493     $ 143,211     $ 139,808  
    Ending common shares outstanding   9,989,536       9,981,996       10,074,136       10,297,341       10,406,880  
    Book value per share $ 18.02     $ 17.94     $ 17.88     $ 17.10     $ 16.61  
    Tangible book value per share (non-GAAP) $ 14.79     $ 14.69     $ 14.64     $ 13.91     $ 13.43  
                                           

    Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)

    (in thousands, except ratios)

    Tangible common equity as a percent of tangible assets at end of period March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Total stockholders’ equity $ 180,051     $ 179,084     $ 180,149     $ 176,045     $ 172,821  
    Less: Goodwill   (31,498 )   $ (31,498 )   $ (31,498 )   $ (31,498 )     (31,498 )
    Less: Intangible assets   (800 )   $ (979 )   $ (1,158 )   $ (1,336 )     (1,515 )
    Tangible common equity (non-GAAP) $ 147,753     $ 146,607     $ 147,493     $ 143,211     $ 139,808  
    Total Assets $ 1,779,963     $ 1,748,519     $ 1,799,137     $ 1,802,307     $ 1,819,315  
    Less: Goodwill   (31,498 )     (31,498 )     (31,498 )     (31,498 )     (31,498 )
    Less: Intangible assets   (800 )     (979 )     (1,158 )     (1,336 )     (1,515 )
    Tangible Assets (non-GAAP) $ 1,747,665     $ 1,716,042     $ 1,766,481     $ 1,769,473     $ 1,786,302  
    Total stockholders’ equity to total assets ratio   10.12 %     10.24 %     10.01 %     9.77 %     9.50 %
    Tangible common equity as a percent of tangible assets (non-GAAP)   8.45 %     8.54 %     8.35 %     8.09 %     7.83 %
                                           

    1Net income as adjusted and net income as adjusted per share are non-GAAP financial measures that management believes enhances investors’ ability to understand the underlying business performance and trends related to core business activities. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)”.

    2Return on average assets as adjusted is a non-GAAP measure that management believes enhances investors’ ability to understand the underlying business performance and trends relative to average assets. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of Return on Average Assets as Adjusted (non-GAAP)”.

    3Return on average equity as adjusted is a non-GAAP measure that management believes enhances investors’ ability to understand the underlying business performance and trends relative to average equity. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of Return on Average Equity as Adjusted (non-GAAP)”.

    4Tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on tangible common equity are non-GAAP measures that management believes enhances investors’ ability to understand the Company’s financial position. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of tangible book value per share (non-GAAP)”, “Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)”, and “Reconciliation of return on average tangible common equity)”.

    The MIL Network –

  • MIL-OSI: reAlpha Tech Corp. Appoints Cristol Rippe as CMO

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, April 28, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, is pleased to announce the appointment of Cristol Rippe as Chief Marketing Officer, effective immediately. In this role, Ms. Rippe will oversee and expand all aspects of brand, marketing, and communications of the Company, reporting directly to the Company’s President and Chief Operating Officer, Mike Logozzo.

    Ms. Rippe brings over 20 years of experience building and scaling high-growth organizations in the fintech and real estate sectors. Most recently, she served as Chief Marketing Officer at Landed, a mission-driven fintech that helped essential professionals access homeownership. There, she led the company’s go-to-market strategy, expanding services nationally and more than doubling both the business-to-business and business-to-consumer pipelines. Prior to Landed, she was the founding marketing leader at Root Insurance, where she built and led the marketing team through rapid scale-up, helping the company grow to over $600 million in annual written premiums. At Root, she drove more than 500% YoY growth and led a full-funnel marketing strategy that dramatically increased brand awareness and drove rapid, sustainable growth. She also played a key role in Root’s successful IPO in October 2020, further demonstrating her ability to build brand equity and deliver results in high-stakes environments.

    “Cristol’s arrival marks an exciting new chapter for the reAlpha executive team,” said Mike Logozzo, President and Chief Operating Officer of reAlpha. “Her proven ability to drive growth, elevate brand presence, and scale marketing functions aligns directly with our mission to simplify homebuying through AI. Cristol brings both strategic vision and operational expertise, and her leadership is already making a strong contribution to our organization.”

    Ms. Rippe’s appointment comes after reAlpha’s announcement of a media-for-equity deal with Mercurius Media Capital in March of this year, worth $5 million. Under the terms of the agreement, reAlpha gains access to Mercurius’ media expertise and U.S. multi-channel media partners on a media credits to equity basis. Ms. Rippe will help refine reAlpha’s brand messaging and capitalize on the Mercurius arrangement to grow reAlpha’s brand awareness.

    “reAlpha is redefining how people buy and finance homes, and I’m incredibly honored to join at this inflection point,” said Ms. Rippe. “The combination of AI, real estate, and consumer-first innovation is rare and powerful. I look forward to helping unlock reAlpha’s next phase of growth.”

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about the appointment of Ms. Rippe as Chief Marketing Officer and the anticipated benefits thereof. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain the necessary regulatory and legal approvals to expand into additional U.S. states and maintain, or obtain, brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; reAlpha’s inability to accurately forecast demand for short-term rentals, corporate relocation programs and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact:
     Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

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

    The MIL Network –

  • MIL-OSI: Hallador Energy Company Schedules First Quarter 2025 Conference Call for May 12, 2025 at 5:00 p.m. ET

    Source: GlobeNewswire (MIL-OSI)

    TERRE HAUTE, Ind., April 28, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”), will host a conference call on Monday, May 12, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The Company’s results will be reported in a press release prior to the call.

    Hallador’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions prior to the call by emailing the Company’s investor relations team, Elevate IR, at HNRG@elevate-ir.com.

    Date: Monday, May 12, 2025
    Time: 5:00 p.m. Eastern time
    Dial-in registration link: here
    Live webcast registration link: here

    The conference call will also be broadcast live and available for replay in the investor relations section of the Company’s website at www.halladorenergy.com.

    About Hallador Energy Company

    Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at www.halladorenergy.com.

    Company Contact

    Marjorie Hargrave
    Chief Financial Officer
    MHargrave@halladorenergy.com

    Investor Relations Contact

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    HNRG@elevate-ir.com

    The MIL Network –

  • MIL-OSI: One Stop Systems to Report First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    ESCONDIDO, Calif., April 28, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“OSS” or the “Company”) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, announced today that the Company will release its first quarter 2025 financial results before the market opens on Wednesday, May 7, 2025. A webcast and conference call will be held that same day at 10:00 a.m. ET to review the Company’s results.

    Conference Call and Webcast

    Domestic: 1-800-717-1738
    International: 1-646-307-1865
    Conference ID: 57745 (required for entry)
    Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1710966&tp_key=28a1f0fc7f

    Conference Call Replay

    Domestic: 1-844-512-2921
    International: 1-412-317-6671
    Passcode: 1157745

    A replay of the call will be available after 1:00 p.m. ET on May 7, 2025, through May 21, 2025.

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

  • MIL-OSI: Bitget Drops Exclusive LALIGA Skins: Trade in Style with Barça, Real Madrid & More

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 28, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has launched its innovative “Your Team, Your Skin: LALIGA on Bitget“ campaign in a move that blends the thrill of football with the excitement of crypto trading. The product update allows users to deck out their Bitget app with their favorite LALIGA team logo and compete for rewards, proving that in crypto, as in football, passion and strategy go hand in hand.

    Bitget, known for pushing the boundaries of user engagement, has leveled up its game by integrating LALIGA’s iconic team designs into its app interface. Now, traders can wear their team’s pride on their digital sleeves with this new trading kit. Whether you’re a die-hard FC Barcelona fan or ride with Real Madrid, your Bitget app can now feature your team’s logo.

    “We’re giving crypto enthusiasts a new way to show off their team spirit while they trade,” said Gracy Chen, Chief Executive Officer at Bitget. “Think of it as the ultimate crossover—where your trading app becomes as personalized as your fantasy football lineup. This campaign is a hat trick of engagement, personalization, and fun; whether you’re here for the trading or the trophies, there’s something for every fan.”

    This isn’t just a cosmetic upgrade—it’s a full-blown competition. Users earn points by completing gamified tasks tied to their chosen team, with weekly leaderboards tracking the top performers. The more you trade, the higher your team climbs. And just like in football, every point counts.

    Getting in on the action is simple yet thrilling. First, fans can personalize their Bitget trading experience by selecting their favorite LALIGA team’s iconic crests, transforming the app interface into a digital tribute to their football passion. Then the real competition begins: users earn points for their chosen squad by completing trading challenges and engaging with the platform, creating an exciting crossover between crypto activity and team pride. The stakes get higher each week as updated leaderboards showcase which club’s supporters are dominating the competition, blending trading prowess with undying fandom in a way that’s never been done before.

    LALIGA’s reputation for innovation and global appeal aligns perfectly with Bitget’s mission to make crypto trading more interactive and engaging. By blending sports fandom with financial markets, Bitget is redefining how users interact with their trading platforms, proving that crypto doesn’t have to be all charts and numbers. Sometimes, it’s about bragging rights too.

    The “Your Team, Your Skin” campaign is now live in the Bitget app. Download, customize, and start earning points today. Who said crypto trading couldn’t have a little fútbol flair?

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e187b7-cdfe-4cc7-9410-ec2319c1a0f9

    The MIL Network –

  • MIL-OSI: MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, April 28, 2025 (GLOBE NEWSWIRE) — Shenzhen, China, April 28, 2025 – MicroAlgo Inc. (NASDAQ: MLGO), (the “Company”), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year’s net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company’s strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm services, which accounted for 100% of revenues in 2024.

    The Company’s strategic focus on central processing algorithm services has proven effective, with revenues from this segment reaching RMB 541.5 million (USD 75.3 million). MicroAlgo’s ability to provide comprehensive solutions that integrate these algorithms with its customers’ needs have proven successful. The Company’s ongoing investment in research and development, totaling RMB 111.7 million (USD 15.5 million) in 2024, has been crucial in driving innovation and maintaining a competitive edge in the rapidly evolving technology landscape.

    MicroAlgo’s success in 2024 demonstrates its ability to capitalize on the growing demand for central processing algorithm services in industries such as internet advertising and online gaming. The Company’s strategic initiatives, including expanding its application fields and diversifying its customer base, position it for continued growth and success in the central processing algorithm services industry. With a strong balance sheet, including cash and cash equivalents of approximately RMB 1,035.9 million (USD 144.1 million) as of December 31, 2024 (as compared to the RMB 317 million in 2023), MicroAlgo is well-positioned to pursue strategic opportunities and further enhance its technology capabilities.

    Quote from Min Shu, CEO of MicroAlgo:

    “We are very pleased with MicroAlgo’s performance in 2024, achieving profitability and demonstrating the strength of our central processing algorithm services segment. Our commitment to innovation and providing cutting-edge solutions has enabled us to deliver significant value to our customers. Looking ahead, we will continue to invest in research and development, expand our market reach, and pursue strategic opportunities to further solidify our position as a leader in the data intelligence processing industry. We are confident in our ability to drive sustainable growth and create long-term value for our shareholders.”

    The information disclosed in this press release does not purport to be complete and is qualified in its entirety by reference to the Company’s annual report on Form 20-F. The annual report, which contains the Company’s audited consolidate statements, can be accessed on the SEC’s website at http://www.sec.gov and on the Company’s investor relations website at http://ir.microalgor.com/.

    About MicroAlgo Inc.

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

    Safe Harbor / Forward-Looking Statements

    This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 20-F and 6-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

    MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

    Contact

    MicroAlgo Inc.
    Investor Relations
    Email: ir@microalgor.com

    The MIL Network –

  • MIL-OSI: Sunrun Installs Solar Projects at Three Affordable Apartment Communities in Southern California, Providing Energy Bill Savings to 800 Renters

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 28, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced three new solar installations at affordable apartment communities in Orange County, California. Collectively, the new rooftop solar projects will provide monthly utility bill savings to approximately 800 low-income residents.

    Sunrun installed the solar systems in partnership with affordable housing providers at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms apartment complexes. In total, the systems will provide 748 kilowatts of electricity, offsetting approximately 80% to 90% of the communities’ energy usage. All three projects are located in California’s 40th Congressional District, which U.S. Rep. Young Kim represents.

    “Rooftop solar energy in affordable housing communities I represent lowers utility bills for hardworking families struggling with rising living costs, creates local jobs here at home, and promotes U.S. energy dominance around the world,” said Rep. Young Kim. “I appreciate Sunrun’s work in our Southern California communities and will keep doing all I can to make life more affordable.”

    To commemorate the three projects, Sunrun executives joined Rep. Kim, other state and county elected officials, and Eden Housing’s CEO for a ribbon cutting event at the recently completed 1,120 solar panel installation at Arroyo Vista apartment complex in Mission Viejo.

    “We are so proud to be cutting energy bills for hundreds of hard-working residents in Southern California,” said Sunrun President and Chief Revenue Officer Paul Dickson. “This project is another example of how Sunrun is making solar energy—and the resulting savings—available to homeowners and renters of all income levels.”

    Through virtual net metering, each of the 156 apartment homes at Arroyo Vista is receiving approximately $60 in monthly energy bill savings.

    “Affordable housing is deeply needed in this part of Southern California and we are grateful to partner with Sunrun to make Arroyo Vista even more affordable for our residents through energy bill savings,” said Linda Mandolini, president and CEO of Eden Housing. “Supporting clean energy while also helping families stretch their hard-earned dollars is a win-win collaboration for our communities.”

    Due to energy inflation and three years of approved utility rate hikes for San Diego Gas & Electric, Arroyo Vista residents will likely save even more over time. Over the next 20 years, Sunrun’s solar installation at Arroyo Vista is projected to collectively save the low-income renters over $3.5 million on their electric bills.

    “When you’re on a fixed income, every penny counts, which is why I was especially happy to see the $60 savings on my power bill each month,” said Arroyo Vista resident Lametrius Freeman. “It feels great to be saving money and helping the environment at the same time. We’re grateful that Eden Housing and Sunrun made it possible.”

    The solar installation at the Villa Plumosa apartment complex, located in Yorba Linda, is also completed and operating, providing 76 affordable apartment homes with nearly $60 in monthly energy bill savings through virtual net metering. The new solar project at nearby Yorba Linda Palms will be operational this summer and will provide the complex’s 44 affordable apartment homes with over $75 in monthly energy savings.

    The projects participated in the state’s Solar On Multifamily Affordable Housing (SOMAH) program and the Low-Income Communities Investment Tax Credit (ITC) program, allowing residents to enjoy the benefits of solar energy at no cost to them. State funding for the three projects comes from polluters who purchase greenhouse gas allowances under the state’s cap-and-trade program.

    “SOMAH projects bring affordable, clean energy to hard working families who need it most, by significantly cutting monthly electricity bills,” said Lawrence Goldenhersh, President of the Center for Sustainable Energy, one of the SOMAH program administrators. “By lowering energy costs, we’re helping parents keep their homes running, care for their children, and protect their family’s health — creating lasting stability and opportunity for communities across California.”

    Sunrun currently serves more than 21,000 households in low-income multifamily properties. The solar projects create economic activity in their respective communities through significant investments at the time of installation, employment, and the ongoing financial benefits provided to renters.

    About Sunrun
    Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com.

    Media Contact
    Wyatt Semanek
    Director, Corporate Communications
    press@sunrun.com

    Investor & Analyst Contact
    Patrick Jobin
    SVP, Deputy CFO & Investor Relations Officer
    investors@sunrun.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/74b9767f-3acc-44a2-841b-7625790af8f4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2de7b9c4-7029-485a-832b-fe1a7d294364

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c9760a53-6f61-4415-bd86-43cd863e6331

    The MIL Network –

  • MIL-OSI: CareCloud Launches Healthcare AI Center Set to Become World’s Largest with 500 AI Professionals

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., April 28, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO), a leading provider of healthcare technology and generative AI solutions, today announced the official launch of its AI Center of Excellence (the “AI CoE”) — a major strategic initiative aimed at delivering scalable, domain-specific artificial intelligence solutions purpose-built for healthcare.

    “Our ground-breaking AI Center officially began operations earlier this month with an inaugural team of over 50 AI engineers, data scientists, and healthcare domain experts, marking a pivotal moment in CareCloud’s journey,” said Hadi Chaudhry, Co-CEO of CareCloud. “The AI Center of Excellence reflects our long-term vision to lead in healthcare transformation. By leveraging 25 years of clinical and financial data, CareCloud is building proprietary, purpose-driven AI solutions that empower providers to deliver better care—faster, smarter, and more efficiently.”

    The AI CoE operates under a dual-shore model, seamlessly combining global engineering talent with localized healthcare expertise. CareCloud plans to scale the team to 500 AI professionals between now and the fourth quarter of 2025 — a milestone that CareCloud believes will establish it as the largest dedicated healthcare AI initiative in the world. The AI CoE is fully self-funded, reflecting CareCloud’s strong operating cash flows, disciplined execution, and the scalability of its global delivery model. By leveraging a highly efficient cost structure that outperforms U.S.-based competitors, CareCloud is uniquely positioned to accelerate innovation at scale while delivering enterprise-grade solutions with exceptional cost-effectiveness.

    “The launch of CareCloud’s AI Center of Excellence marks a major step forward in our growth strategy,” said Stephen Snyder, Co-CEO of CareCloud. “RCM companies and other industry competitors without advanced AI capabilities are being left behind — survival and growth now depend on innovation at scale. With the launch of our AI Center of Excellence, CareCloud is not just adapting to this shift — we are driving it. By embedding AI across every level of our organization, we are building a more powerful, efficient, and future-ready company positioned to lead the next era of healthcare.”

    Some core focus areas of CareCloud’s AI CoE include:

    • Proprietary Healthcare AI Models: Developing intelligent, domain-specific models for clinical workflows, revenue cycle processes, and decision support.
    • Automation and Efficiency Gains: Streamlining clinical documentation, coding, claims management, prior authorizations, and compliance workflows.
    • Predictive and Preventive Analytics: Enabling earlier identification of reimbursement risks, denial causes, patient propensity-to-pay and operational bottlenecks.
    • Smarter Patient and Provider Engagement: Enhancing communication, scheduling, patient education, and satisfaction through AI-driven personalization.
    • Accelerated Innovation Across Platforms: Embedding AI natively across EHR, RCM, and digital health products to deliver real-time, scalable value.

    CareCloud’s deep domain expertise and rich historical datasets provide a significant advantage in training and refining accurate, compliant AI models. By tightly integrating AI across its technology stack, the company is poised to deliver enterprise-grade, HIPAA-compliant solutions with immediate real-world impact.

    As the healthcare industry rapidly embraces artificial intelligence, CareCloud’s AI CoE strengthens its role as an innovation leader — driving operational transformation, enhancing clinical outcomes, and reducing the administrative burden on providers.

    About CareCloud

    CareCloud (Nasdaq: CCLD, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    Disclaimer

    This press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE CareCloud

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com 

    The MIL Network –

  • MIL-OSI: Northstrive Biosciences Co-Founder Featured on Bear Bull Traders Following Announcement of Positive FDA Response Supporting Submission of IND for EL-22 Phase 2 Clinical Trial

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), is proud to announce that Co-Founder Deniel Mero was recently featured in an exclusive interview hosted by Bear Bull Traders, a leading global online stock trading community for professional and aspiring traders.

    During the interview, Mr. Mero discussed Northstrive’s recent milestone: receiving preliminary meeting responses from the FDA regarding Northstrive’s nonclinical studies and clinical development plans for EL-22, administered in combination with GLP-1 receptor agonists. EL-22 is leveraging a myostatin-engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists.

    Bear Bull Traders is a respected trading education platform founded by bestselling author Andrew Aziz. Along with its 595,000 YouTube subscribers, Bear Bull Traders has an extensive network of over 7,000 active members and 100,000 newsletter subscribers worldwide, Bear Bull Traders offers a dynamic environment for traders through expert mentorship, live trading rooms, educational courses, and a vibrant, supportive community.

    “We are honored to share our story with the Bear Bull Traders community, that, like Northstrive, is committed to leveraging innovation,” said Deniel Mero, Co-founder of Northstrive Biosciences. “We believe the FDA responses encourage a path forward for filing an IND application to conduct a Phase 2 clinical trial in overweight or obese patients; addressing one of obesity’s biggest unmet needs.”

    The full interview featuring Deniel Mero can be viewed here.

    About Northstrive Biosciences Inc.

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

    About PMGC Holdings Inc.

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

    About Bear Bull Traders

    Bear Bull Traders is an international trading education community founded in 2015 by Andrew Aziz. With over 100,000 members globally, Bear Bull Traders offers comprehensive education, expert mentorship, and community support to empower traders toward success in financial markets.

    Forward-Looking Statements

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

    IR Contact:
    IR@pmgcholdings.com

    The MIL Network –

  • MIL-OSI: Trust Wallet Launches ‘Stablecoin Earn’ to Boost Crypto Earning Opportunities*

    Source: GlobeNewswire (MIL-OSI)

    Users can earn seamlessly on stablecoins with flexible, secure onchain strategies — while maintaining full control over assets.

    DUBAI, United Arab Emirates, April 28, 2025 (GLOBE NEWSWIRE) — Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 200 million users, has launched Stablecoin Earn, a new feature that lets users deposit stablecoins and earn seamlessly with full flexibility. By integrating secure and automated onchain strategies, Trust Wallet makes earning passive rewards seamless, flexible, and fully non-custodial—all within the app.

    With no lock-up periods and support for stablecoins like USDC, USDT, DAI, and USDA across multiple blockchains—including Ethereum, BNB Chain, Base, and Arbitrum – Stablecoin Earn offers a simple way to put your stablecoins to work while maintaining full control over assets.

    “Last September, we observed that billions in USDT held by Trust Wallet users on-chain remained inactive for six months despite somewhat bullish market conditions. For our ‘holder-ish’ users, our goal is to help them put their assets to work, while also activating valuable liquidity to support on-chain projects,” said Eowyn Chen, CEO of Trust Wallet. “By integrating secure on-chain strategy platforms through a user-friendly interface, we aim to empower users to easily earn rewards while maintaining full control of their funds.”

    How Stablecoin Earn Works

    Stablecoin Earn offers a seamless way to earn on your stablecoins—directly from your wallet, with full control at every step. By tapping into established onchain protocols, the feature simplifies the earning experience without requiring users to manage complex DeFi setups. Just deposit and start earning rewards—all while keeping your assets self-custodied and accessible.

    With Stablecoin Earn, users can:

    • Earn passively on stablecoins—no active trading required
    • Deposit and withdraw anytime—no lock-ups
    • Access multiple DeFi protocols in one place
    • Earn across Ethereum, BNB Chain, Arbitrum, and Base
    • Receive bonus rewards (e.g., MORPHO tokens) in select vaults
    • Stay in full control 100% of the time—Trust Wallet is fully non-custodial
    • Enjoy transparent, onchain yield strategies—no intermediaries

    Everything happens onchain, transparently, and without intermediaries—giving users confidence in how their stablecoins are earning yield

    Seamless Onchain Yield, Powered by Trusted Infrastructure

    To deliver a simple and rewarding experience, Trust Wallet integrates Kiln to power Stablecoin Earn’s backend, providing access to leading DeFi infrastructure providers like Morpho for its users.

    Users have the opportunity to earn exclusive bonus rewards powered by Morpho, the go-to infrastructure for lending and borrowing onchain. These additional earning opportunities include MORPHO token incentives for participating in select vaults.

    ”We’re excited to see Morpho selected as the default earn option in Trust Wallet’s new Earn Hub at launch, helping make DeFi yields accessible to the masses. Morpho was designed to provide self-custody solutions like Trust Wallet with a simple yet highly secure way for their users to earn the best risk-adjusted returns.” said Paul Frambot CEO and Co-Founder of Morpho Labs.

    Kiln, a leading digital asset rewards management platform enabling businesses to earn rewards or to whitelabel earning functionality into their products, enables secure and automated access to multiple onchain yield strategies in Trust Wallet’s Stablecoin Earn feature – abstracting complexity so users can earn effortlessly.

    “We are pleased to bring access to stablecoin yield to Trust Wallet, a longtime partner of Kiln with a history that includes our earlier projects such as Kiln Onchain, Connect, and Validators. As DeFi becomes more widespread and stablecoin yield reached double digits during the bull market, many users have recognized that stablecoins offer notable advantages. With Trust Wallet’s feature now live, our goal is to provide a solid experience for its users and continue refining the product.” said Laszlo Szabo, Co-founder and CEO of Kiln.

    To get started with Stablecoin Earn, download Trust Wallet today.

    *Note: Until further notice this feature will not be available in the UK or U.S. This communication is intended solely for audiences outside the United Kingdom. If you are accessing this content from within the United Kingdom, please exit immediately.

    About Trust Wallet

    Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.

    For media enquiries, contact:
    press@trustwallet.com

    About Kiln

    Kiln is the leading digital asset rewards management platform, enabling businesses to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $11 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 5% of the network; this includes 50,000+ active validators with 0 slashing events.

    About Morpho

    Morpho is the second-largest lending protocol on Ethereum and largest on Base, by total deposits. Morpho is a permissionless platform that operates on two levels. First, it offers tailored solutions that allow users to earn yields and borrow on their own terms. Second, it provides flexible infrastructure that enables businesses to build custom applications, such as Coinbase’s crypto-backed loans product.

    Disclaimer: This is a paid post and is provided by Trustwallet. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

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    The MIL Network –