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Category: Finance

  • MIL-OSI Australia: Celebrating International Women’s Day

    Source: Northern Territory Police and Fire Services

    This International Women’s Day, the ACT Public Service (ACTPS) celebrates the theme: ‘Count Her In: Invest in Women. Accelerate Progress’.

    The ACTPS is a diverse, progressive public service within which 64.6 per cent of employees identify as female.

    Women now comprise 56 per cent of the ACTPS Senior Executive Service.

    A record low gender pay gap

    This increased representation of women in leadership has driven the Service’s narrowing gender pay gap over the last year.

    The ACTPS gender pay gap reached a record low of -0.1 per cent in June 2023. The ACT labour force sits at 10 per cent and the national gender pay gap at 13.3 per cent.

    Employee spotlight

    The ACTPS encourages an inclusive culture by acknowledging and showcasing the contributions of all staff.

    Below, five female employees share their thoughts on International Women’s Day, working for the ACTPS and how they’ve seen the gender landscape change at work throughout their careers.

    Rachael Dawes – Senior Director Urban Treescapes

    Urban Treescapes Senior Director Rachael Dawes

    Senior Director Rachael Dawes manages the Urban Treescapes business unit within City Services. Urban Treescapes is tasked with managing and protecting Canberra’s urban trees.

    “I’m incredibly proud to be a woman working in the ACTPS caring for our urban forest, but particularly proud of the positive results of increased gender diversity in the team,” she said.

    “When you have an inclusive environment, understanding and supporting each other, we can combine these diverse skills and lived experiences to respond to the changing conditions and needs of our environment”.

    “There has been significant advancement in ACT urban forest management in recent years with the release of the Urban Forest Strategy and Urban Forest Act, which could not have happened without the vision and drive of the women in our team,” she said.

    A career change led Rachael into forestry, and she urges women beginning their careers to look beyond perceived traditional career options.

    “Explore your networks, ask questions, take chances and follow your interests and see what career path they can lead you down,” she said.

    Arooj Fatima – Customer Service Operator, Access Canberra Contact Centre

    Arooj Fatima of Access Canberra

    Every day, Access Canberra Customer Service Officer Arooj Fatima assists Canberrans via phone.

    From vehicle registration enquiries to Fix My Street requests, Fatima is the first point of contact on many issues.

    First attracted to the role for its flexibility, she brings to it myriad skills including active listening, empathy, patience and problem solving.

    “There needs to be an acknowledgement and inclusion of women in all aspects of society. Women need to be fully included, supported, and empowered in all fields to contribute to a more prosperous future for all,” she said.

    Arooj says she has seen women make significant progress over the course of her career.

    “Women are serving and being valued at all employment levels i.e., manager, team leaders and administrative roles. They are excelling in every field,” she said.

    “I feel immensely proud to be a woman working for the ACTPS because of the respect, value, and recognition that I get. I feel so comfortable with the work environment, work life balance and flexibility. I feel included and appreciated for every little progress that I make. I am provided the opportunity to undertake various training and roles for my professional development,” she said.

    Katie Smith – Principal, Duffy Primary School

    Principal Katie Smith, right, with Deputy Principal Arilia Abell

    Principal Katie Smith leads an all-female leadership team at Duffy Primary.

    “By setting a strong example of supporting women, Deputy Principal Arilia Abell and I work to create a more inclusive and diverse work environment for future generations. Our presence in the school community showcases the importance of investing in women, inspiring both girls and boys to expect equality and inclusivity in their future workplaces,” she said.

    Katie has seen progress in terms of gender equality during her career.

    “One notable advancement is the increased representation of women in leadership roles such as principals and executive roles. Efforts to promote gender equality in education have led to greater recognition of female educators’ contributions and capabilities,” she said.

    This year’s IWD theme resonates with Katie. “It speaks to our commitment to uplifting and supporting the capabilities of all women in our school community, providing opportunities for growth and success,” she said.

    “For young women starting their careers: believe in yourself, set clear goals, seek mentorship, embrace learning, build a supportive network, speak up, prioritise balance, embrace challenges, stay flexible, and stay true to your values and passions.”

    Rebecca Power, Project Director, CIT Woden Campus – Women in Construction advocate

    Project Director Rebecca Power, third from right

    Project Director Rebecca Power works describes her work as “Celebrating gender diversity, equity and inclusion in construction and on Major Projects Canberra construction sites”.

    “In an industry where gender inclusion is still challenging, Major Projects Canberra strives towards our social objectives to encourage and enable women and girls to reach their potential, contribute to innovation and ideas, and be leaders in their individual fields and professions within our industry,” she said.

    “I’m excited by the opportunity to continue to tell women’s stories in our industry, empower women to achieve and grow their careers while opening up mentoring pathways for women who are just beginning their careers, laying the foundations for a brighter future in infrastructure to inspire real progress. I want to continue to advocate for meaningful change and I am committed to this cause.”

    Rebecca advises women in construction to join the NAWIC ACT Mentoring program.

    “It provides guidance and leadership while empowering women to achieve their goals and aspirations in the construction industry,” she said.

    Janet Zagari, Deputy CEO, Canberra Health Services

    Janet Zagari is the Deputy Chief Executive Officer at Canberra Health Services.

    With 28 years in the health industry under her belt, her focus is on the service’s strategic direction, looking at cross-government priorities, operational planning and commissioning of new services.

    “We know that diversity in the workforce generates better outcomes,” Janet said.

    “Acknowledging the well-documented barriers that women face to participating in employment and the under representation of women in some industries and at senior levels, investing in women to create greater opportunities and genuinely believing that there is a value add to doing so is key to moving organisations forward.”

    She cites increased representation of women graduating from medical school as a pronounced change in Australia.

    “It is useful to stop and look back over the course of your career to think about what has changed, because it is easy to only see how far we still have to go and not to think about how far we have come,” she said.

    “There are more women in traditionally male dominated areas of clinical practice, and better recognition of the value that women bring.”

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    MIL OSI News –

  • MIL-OSI: FLG Partners Announces Andrea Persily as Returning Partner

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., April 01, 2025 (GLOBE NEWSWIRE) — FLG Partners, a leading CFO and CEO consulting practice and Board advisory services firm serving over 500 clients from startups to Fortune 100, has announced the election of Andrea Persily as a Partner in the firm.

    Andrea worked as an FLG Partner from 2017 to 2019 before joining one of her clients in a full-time CFO capacity for over six years. “We are thrilled to welcome back Andrea to FLG,” said Managing Partner Jennifer Cho. “Andrea’s outstanding CFO credentials and deep breadth of financial and operational expertise make her a powerful addition to our already substantial bench of CFO expertise.”

    “I am proud to have this opportunity to return to FLG and rejoin this best-in-class team of top-tier CFOs,” shared Ms. Persily. “I look forward to joining my peers in delivering excellence and elevating the growth of our client partners.”

    Ms. Persily has significant experience as a CFO and COO in the Digital Content, Education, FinTech, Health & Wellness sectors. After beginning her career at Smith Barney, Ms. Persily joined Primedia, where she quickly grew to CFO of the Business to Business Group, overseeing strategy, financial planning, and analysis for a $350M division. She was later tapped to lead Prism Business Media (a subsidiary of Primedia) as COO, overseeing 300 employees. Later, as part of her work as CFO and COO of Spafinder Wellness, she led the spin out Booker.com, a SaaS appointment booking product, into a separate entity for which she helped obtain Series A funding. She also served as the Managing Director of WellTech Funding, a seed fund that invested in health and wellness tech startups. In 2017, Ms. Persily joined FLG Partners, bringing significant experience in M&A transactions, organizational design, and re-engineering while focusing on Media, FinTech, SaaS, and Health & Wellness. She joined FLG client Great Minds, a premier K-12 educational publisher, as a full-time CFO for over six years. There, she oversaw Finance, Accounting, Tax, Treasury, Operations, IT, and HR while converting the company’s organizational structure from a nonprofit to a public benefit corporation, setting up its first option plan.

    Ms. Persily holds a BA in Economics from Cornell University and an MBA in Finance/Strategic Management from The Wharton School.

    About FLG Partners
    Founded in 2004, FLG Partners is the leader in CFO solutions and CEO and Board advisory services in Silicon Valley and nationwide. FLG delivers financial and operational leadership to companies ranging from startups to multi-billion-dollar public and private companies across multiple industry sectors from technology, SaaS, life sciences, to consumer products and manufacturing. FLG Partners’ engagements span interim or permanent CFO and C-suite leadership roles, CFO consulting, board directorships, and board advisory and performance consulting. With a cumulative total of over 950 years of CFO experience, FLG partners bring outstanding expertise, independence and objective leadership and industry best practices to clients in business planning and execution; fundraising and financing; SEC reporting, tax and regulatory compliance; mergers, acquisitions and divestitures; and company turnarounds and restructurings. Throughout their careers, FLG’s partners have completed approximately 350 M&A transactions, 200+ IPOs and secondary offerings, 100+ divestiture transactions, and have raised $19 billion in equity and $12 billion in debt for their clients. For more information, visit flgpartners.com.

    Contact information:

    Melanie LoBue
    melanie@voyagercomms.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3d8cf5d-8daf-4c9a-9220-d852e4733014

    The MIL Network –

  • MIL-OSI: Sky Quarry Reports 4th Quarter and Fiscal Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, April 01, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, has reported its financial and operational results for the fourth quarter and fiscal year ended December 31, 2024.

    Key Financial and Operational Highlights

    • Q4 2024 Revenue of $4.2 million and $23.3 million for the year ended December 31, 2024.
    • Announced the signing of pivotal LOI with RB Residential Roofing, marking the start of a collaboration that targets integrating eco-friendly solutions into roofing services and helping Sky Quarry scale operations nationwide through the roofing company’s multiple locations.
    • Announced appointment of respected finance leader Leo Womack to the Company’s Board of Directors. He will also serve on the Audit and Nominating Committee and chair the Compensation Committee.
    • Announced the completion of its 2024 capital expenditure program for its flagship hydrocarbon extraction site, PR Spring.
    • Announced a national rollout plan for modular extraction facilities to expand the reach and scalability of the Company’s proprietary technology.
    • Announced the appointment of energy industry veteran Todd Palin to the Company’s Board of Directors.

    David Sealock, Chairman & Chief Executive Officer of Sky Quarry, reflected on a transformative year for the company:

    “2024 was a significant year for our company. Sky Quarry achieved several key milestones in 2024, including our NASDAQ listing for our shareholders, continued and steady revenue at our Foreland Refinery, and a stepwise capital investment program to keep our PR Spring and Asphalt Shingle Recycling (ASR) portfolios moving forward,” he said. “We believe that we are positioned to grow production and increase revenues with our portfolio expansion projects. These portfolio expansion opportunities focus on capitalizing on market shifts, strategic partnerships, and resource optimization. The primary opportunities are in the expansion of refining capacity, partnerships for sustainable asphalt shingle recycling, and the potential for strategic growth to aggressively increase our revenue.

    Looking ahead, we remain laser-focused on optimizing our asset base with the successful completion of our 2024 capital expenditure program at PR Spring and the recent refurbishment of our Foreland Refinery in anticipation of increased capacity in 2025. We are actively working towards expanding our national footprint through our recent LOI with RB Residential Roofing and advancing the national rollout of our Asphalt Shingle Recycling (“ASR”) modular extraction facilities, beginning with the deployment of our first facility in the 2025 fiscal year. Together, we believe that these initiatives set the stage for meaningful revenue growth, broader market reach, and long-term value creation for our shareholders.

    This quarter, we entered into a pivotal LOI with RB Residential Roofing with the goal of entering into an agreement to secure a steady supply of post-consumer shingles, ensuring a steady supply of feedstock for our recycling operations. We believe that a partnership with RB Residential Roofing will generate consistent tipping fee revenue and accelerate Sky Quarry’s national expansion by leveraging RB’s extensive network of locations. By transforming waste into recycled content for new products, we believe entering into an agreement with RB Residential Roofing will not only support our mission to build a circular economy but also position Sky Quarry at the forefront of sustainable innovation in the roofing industry, helping to drive broader industry adoption.

    In the 2025 fiscal year, we anticipate completing the build-out of our first Asphalt Shingle Recycling (“ASR”) Facility. Designed as a modular, scalable system, the facility will recover valuable components such as bitumen, granules, aggregate, limestone, and fiberglass. The first front-end module has already been fabricated, with two additional modules planned for deployment later in the year. We are currently evaluating two potential sites for the initial rollout, based on waste volume and proximity to industry partners. These facilities are expected to generate multiple revenue streams from tipping fees, recycled material sales, and byproduct recovery, contributing to meaningful top-line growth as deployment accelerates.

    Operationally, we expect to begin refining blended sustainable oil in 2025, with plans to ramp up production at our Nevada-based Foreland Refinery, which has a processing capacity of up to 5,000 barrels per day. This comes at a critical time, as we anticipate a growing fuel supply crisis in the Western U.S., driven by California refinery shutdowns, tightening regulations, and potential import tariffs that threaten supply stability.

    Foreland has served as a strategic energy asset in Nevada for over two decades, and we believe it is well-positioned to enhance regional fuel security. Once heavy oil sourced from our Utah-based PR Spring facility, produced from recycled asphalt shingles, is integrated at the Foreland refinery, we can not only expand our sustainable product offerings but also reinforce our presence in the energy sector. With broadened capabilities and strategic positioning, we anticipate stronger revenue and improved cash flow in the coming quarters.

    In conclusion, we recently welcomed Leo Womack and Todd Palin to our Board of Directors. Mr. Womack brings significant strategic, business, and financial expertise, while Mr. Palin’s operational experience will be instrumental as Sky Quarry ramps up production at our Nevada refinery. Both additions strengthen our leadership team as we enter our next phase of growth in 2025.”

    Fourth Quarter and Fiscal Year 2024 Financial Results

    Revenues for the year ended December 31, 2024, totaled $23.3 million, a decrease of 54% compared to $50.7 million in 2023. This decline was primarily driven by a combination of lower WTI oil prices and the refurbishment of the Company’s Foreland Refinery.

    Gross profit for the year was a loss of $1.4 million, representing a gross margin of (6.0)%, compared to a gross profit of $2.3 million, or 4.6% of revenues, in the prior year.

    Total operating expenses increased to $6.1 million in 2024, up from $3.7 million in 2023, reflecting an increase of $2.4 million year-over-year.

    As a result, the Company reported a net loss of $14.7 million for the year ended December 31, 2024, compared to a net loss of $4.4 million in 2023.

    About Sky Quarry Inc.

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

    Forward-Looking Statements

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

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

    Company Website
    www.skyquarry.com

     
     
    Sky Quarry Inc.
    Consolidated Balance Sheets
    As of December 31, 2024 and December 31, 2023
     
        2024       2023  
           
    ASSETS      
           
    Current assets:      
    Cash and cash equivalents $                 385,116     $                 326,822  
    Accounts receivables                   1,123,897                       3,517,469  
    Prepaid expenses and other assets                   339,124                       114,387  
    Inventory                   3,149,236                       2,437,181  
    Total current assets                   4,997,373                       6,395,859  
           
    Property, plant, and equipment, net                   6,160,318                       6,287,351  
    Oil and gas properties                   8,534,967                       7,745,205  
    Restricted cash and cash equivalents                   2,929,797                       4,354,014  
    Right-of-use asset                   1,115,785                       184,548  
    Goodwill                   3,209,003                       3,209,003  
           
    Total assets $                 26,947,243     $                 28,175,980  
           
    LIABILITIES AND SHAREHOLDERS’ EQUITY      
           
    Current liabilities:      
    Accounts payable and accrued expenses $                 4,046,319     $                 4,904,121  
    Current portion of operating lease liability                   38,422                       69,777  
    Current portion of finance lease liability                   16,120                       –  
    Warrant liability                   459,067                       –  
    Lines of credit                   1,260,727                       3,061,698  
    Current maturities of notes payable                   6,578,017                       4,835,567  
    Total current liabilities                   12,398,672                       12,871,163  
           
    Notes payable, less current maturities, net of debt issuance costs                   2,000,560                       2,100,514  
    Operating lease liability, net of current portion                   77,824                       116,246  
    Finance lease liability, net of current portion                   971,690                       –  
    Total liabilities                   15,448,746                       15,087,923  
           
    Commitments and contingencies      
           
    Shareholders’ Equity:      
    Preferred stock $0.001 par value: 25,000,000 shares authorized; 0 and 246,000 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively                   –                       246  
    Common stock $0.0001 par value: 100,000,000 shares authorized: 19,027,208 and 16,323,091 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively                   1,903                       1,630  
    Additional paid in capital                   35,674,391                       22,527,264  
    Accumulated other comprehensive loss                   (209,708 )                     (201,505 )
    Accumulated deficit                   (23,968,089 )                     (9,239,578 )
    Total shareholders’ equity                   11,498,497                       13,088,057  
           
    Total liabilities and shareholders’ equity $                 26,947,243     $                 28,175,980  
       
    Sky Quarry Inc.
    Consolidated Statements of Operations and Comprehensive Loss
    For the Years Ended December 31, 2024 and 2023
       
        2024       2023  
    Net sales $                 23,364,188     $                 50,731,889  
           
    Cost of goods sold                   24,759,530                       48,391,724  
    Gross profit (loss)                   (1,395,342 )                     2,340,165  
           
    Operating expenses:      
    General and administrative                   6,121,955                       3,702,743  
    Depreciation and amortization                   5,889                       5,303  
    Total operating expenses                   6,127,844                       3,708,046  
           
    Loss from operations                   (7,523,186 )                     (1,367,881 )
           
    Other income (expense):      
    Gain on warrant valuation                   1,477,870                       –  
    Other income                   35,637                       26,008  
    Gain (loss) on sale of assets                   (25,075 )                     564,811  
    Loss on extinguishment of debt                   (241,311 )                     (205,425 )
    Loss on issuance of private placement warrants                   (1,935,934 )                     –  
    Interest expense                   (6,516,512 )                     (3,639,520 )
    Other expense, net                   (7,205,325 )                     (3,254,126 )
           
    Loss before benefit from income taxes                   (14,728,511 )                     (4,622,007 )
           
    Provision for income tax benefit                   –                       185,535  
           
    Net loss                   (14,728,511 )                     (4,436,472 )
           
    Other comprehensive loss      
           
    Foreign currency translation adjustment      
                        (8,203 )                     (24,185 )
           
    Comprehensive loss $                 (14,736,714 )   $                 (4,460,657 )
           
    Loss per common share      
    Basic and diluted $                 (0.77 )   $                 (0.27 )
    Weighted average shares outstanding      
    Basic and diluted                   19,027,208                       16,323,103  
     
    Sky Quarry Inc.
    Consolidated Statements of Cash Flows
    For the Years Ended December 31, 2024 and 2023
     
        2024       2023  
    CASH FLOWS FROM OPERATING ACTIVITIES      
    Net loss $                 (14,728,511 )   $                 (4,436,472 )
    Adjustments to reconcile net loss to cash and restricted cash and cash equivalents used in operating activities:      
    Share based compensation                   632,205                       634,783  
    Depreciation and amortization                   793,449                       564,639  
    Amortization of debt issuance costs                   4,465,636                       2,568,523  
    Amortization of right-of-use asset                   90,990                       37,925  
    Loss on issuance of warrants                   1,936,937                       –  
    Gain on revaluation of warrant liabilities                   (1,477,870 )                     –  
    Loss on extinguishment of debt                   241,311                       205,425  
    Loss (gain) on sale of assets                   25,075                       (564,811 )
    Changes in operating assets and liabilities:      
    Accounts receivable                   2,393,572                       719,595  
    Prepaid expenses and other assets                   (224,738 )                     155,114  
    Inventory                   (712,055 )                     1,004,383  
    Accounts payable and accrued expenses                   (857,802 )                     (1,040,860 )
    Operating lease liability                   (69,777 )                     (36,450 )
    Deferred tax benefit                   –                       (187,856 )
    Net cash and restricted cash and cash equivalents used in operating activities                   (7,491,578 )                     (376,062 )
           
    CASH FLOWS FROM INVESTING ACTIVITIES      
           
    Proceeds from sale of assets                   –                       961,400  
    Purchase of property, plant, and equipment                   (691,491 )                     (1,028,781 )
    Purchase of oil and gas development assets                   (789,762 )                     (664,556 )
    Net cash and restricted cash and cash equivalents used in investing activities                   (1,481,253 )                     (731,937 )
           
    CASH FLOWS FROM FINANCING ACTIVITIES      
    Proceeds on lines of credit                   36,645,980                       61,499,106  
    Payments on lines of credit                   (38,446,951 )                     (58,437,408 )
    Proceeds from note payable                   19,483,052                       17,721,772  
    Payments on note payable                   (17,032,995 )                     (12,905,339 )
    Debt discount on note payable                   (2,546,660 )                     (3,588,539 )
    Payments on finance leases                   (34,417 )                     –  
    Proceeds on issuance of preferred stock                   308,000                       614,804  
    Preferred stock offering costs                   (40,874 )                     (474,681 )
    Proceeds on issuance of common stock                   11,341,641                       28,739  
    Common stock offering costs                   (2,061,665 )                     –  
    Net cash and restricted cash and cash equivalents generated by financing activities                   7,615,111                       4,458,454  
           
    Effect of exchange rate on cash                   (8,203 )                     (24,185 )
           
    Increase (decrease) in cash and restricted cash and cash equivalents                   (1,365,923 )                     3,326,270  
    Cash and cash equivalents and restricted cash, beginning of the period                   4,680,836                       1,354,566  
           
    Cash and restricted cash and cash equivalents, end of the period $                 3,314,913     $                 4,680,836  

    The MIL Network –

  • MIL-OSI: BitLyft Gives Back to the Information Security Community with Repositories to Help SOC Teams Improve Threat Intelligence

    Source: GlobeNewswire (MIL-OSI)

    ST. JOHN’S, Mich., April 01, 2025 (GLOBE NEWSWIRE) — BitLyft, a leading managed detection and response provider (MDR) offering a holistic defense approach, is giving back to the information security community with two repositories: BitLyft SOC Team – Threat Briefs Repository and Indicators of Compromise (IOC) Repository. Security teams, analysts, and researchers can leverage these reports for proactive threat defense and to help detect, mitigate, and respond to cyber threats more effectively.

    “With the cyber security landscape changing frequently, it is often hard for teams to keep up with the latest threats, tactics, techniques, and procedures that cyber adversaries use to affect industries and organizations,” says Jason Miller, CEO and Founder of BitLyft. “The team at BitLyft bridges the gap between tech and human touch by working together with our technology and clients to deliver the best cybersecurity practices.”

    The BitLyft Threat Briefs Repository serves as a centralized location for published detailed Threat Intelligence Briefs to help security teams stay informed about the latest cybersecurity threats, tactics, techniques, and procedures (TTPs). The BitLyft SOC Team continuously monitors the threat landscape, analyzes emerging cyber threats, and compiles intelligence reports to enhance security awareness. These Threat Briefs are designed to provide:

    • Analysis of emerging threats affecting industries and organizations.
    • Tactics, Techniques, and Procedures (TTPs) used by cyber adversaries.
    • Indicators of Compromise (IOCs) to aid in proactive detection.
    • Recommended mitigation strategies for enhancing security posture.

    The BitLyft IOC Repository is a collection of IOCs that the BitLyft team has identified, validated, and is sharing with the community to help improve threat intelligence and proactive security measures.

    BitLyft’s Security Operations Center (SOC) continuously monitors and analyzes threat intelligence feeds, security events, and attack patterns. The IOCs provided here are derived from:

    • Active Investigations – Real-world incidents analyzed by our SOC analysts.
    • Threat Intelligence Feeds – Aggregated from multiple trusted sources.
    • Customer Reports – Anonymized and verified indicators from our security monitoring.
    • Malware Analysis – Extracted from sandbox analysis and reverse engineering efforts.

    These indicators can help security teams, researchers, and organizations detect, mitigate, and respond to cyber threats more effectively.

    About BitLyft

    BitLyft enables utilities and corporations to meet regulatory and audit mandates for SOC2 Compliance. The venture’s managed detection and response (MDR) services with an Automated Incident Response (AIR) platform can be implemented cost-effectively and quickly. Prioritizing tech-powered yet high-touch cybersecurity solutions creates a holistic defense, giving clients unwavering confidence; BitLyft staff pledge to prioritize and protect every client. For more information, visit www.bitlyft.com.

    For More Information, Contact:
    Becky Boyd
    MediaFirst
    Cell: (404) 421-8497
    Becky@MediaFirst.Net

    The MIL Network –

  • MIL-OSI: HUMBL, Inc. Announces Completion of Asset Purchase Agreement

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, April 01, 2025 (GLOBE NEWSWIRE) — HUMBL, Inc. (OTC: HMBL) and WSCG, Inc., are pleased to announce the successful completion of their previously announced Asset Purchase Agreement.

    The transaction included a final cash payment by WSCG, Inc. of $2,000,000 to HUMBL, Inc., which has now been made in accordance with the terms of the agreement.

    As part of the agreement, WSCG, Inc. has finalized the acquisition of certain HUMBL, Inc. assets such as the “HUMBL” consumer brand, product lines and patented intellectual property. The public company also retains an equity interest in WSCG, Inc.

    With this step-transaction finalized, the public company of HUMBL, Inc. continues to transform itself into a strategic holding company, focused on high-value joint ventures, mergers, acquisitions and sales distribution between the U.S. and Latin America.

    About HUMBL, Inc.

    HUMBL, Inc. is moving into a shareholder value-centric approach under the new leadership of CEO Thiago Moura – Principal of Ybyra Capital – a Brazilian holding company with diversified investments in real estate, commodities, and mining.

    The company’s unique structure enables it to create two-way distribution pipelines throughout the U.S. and Latin America, leveraging Ybyra Capital’s established regional presence to offer strategic partners immediate access to these high-value markets.

    About WSCG, Inc.

    WSCG, Inc. is a private technology company headquartered in Salt Lake City, Utah, focused on the development of Web3 technologies such as digital wallets and the blockchain tokenization of real world assets.

    HUMBL, Inc. (OTC: HMBL)
    Investor Relations: ir@humbl.com
    Media Contact: media@humbl.com

    The MIL Network –

  • MIL-OSI Security: Cuban National to Spend Nearly a Decade in Federal Prison for Human Smuggling

    Source: Office of United States Attorneys

    EL PASO, Texas – A Cuban national was sentenced in a federal court in El Paso to 111 months in prison for conspiracy to transport illegal aliens, conspiracy to harbor aliens, and sexual assault of an alien.

    According to court documents, Humberto Yosvany Arriola-Rivero, 30, assisted in the harboring of illegal aliens and managed a stash house in El Paso. He also was an occupant in a vehicle that fled law enforcement that was transporting more than a dozen illegal aliens in April 2023. An investigation revealed that Arriola-Rivero sexually assaulted one of the illegal aliens at the El Paso stash house. Arriola-Rivero was indicted by a federal grand jury on May 17, 2023 and was arrested Sept. 7, 2023. He pleaded guilty Aug. 27, 2024.

    “It’s important to note that Arriola-Rivero is being held responsible not only for the significant role he played in human smuggling operations, but also for his abhorrent decision to further dehumanize and sexually violate one of his victims,” said Acting U.S. Attorney Margaret Leachman. “This sentence makes it clear to smugglers in El Paso and across the southern border, that if you engage in alien smuggling in our district, you will be held accountable.”

    “Justice was served today for a stash house operator who organized the smuggling of hundreds of illegal aliens and sexually assaulted one of them, all while cramming individuals into tractor-trailers in the sweltering Texas heat,” said ICE Homeland Security Investigations Special Agent in Charge for El Paso, Jason T. Stevens. “HSI is committed to aggressively targeting human smugglers and smuggling organizations that continuously exploit individuals for profit. We will relentlessly pursue these criminals who prey on vulnerable people, ensuring they are held accountable for their actions.”

    HSI investigated the case with assistance from the U.S. Border Patrol.

    ###

    MIL Security OSI –

  • MIL-OSI: AI & Technology Virtual Investor Conference Agenda Announced for April 3rd

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the AI & Technology Virtual Investor Conference on April 3rd.

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER HERE

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We look forward to hosting this week’s AI & Technology Virtual Investor Conference this week,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “This event will bring together cutting-edge companies to share their strategic innovation and business plans directly with prospective investors.” 

    April 3rd

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

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

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

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

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

    The MIL Network –

  • MIL-OSI: Maris-Tech Enters Into Distribution Agreement with Thrikasa Technologies to Expand Presence in India

    Source: GlobeNewswire (MIL-OSI)

    Thrikasa Technologies will serve as key local distributor, strengthening Maris-Tech’s reach in the Indian defense markets

    Rehovot, Israel, April 01, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)-based edge computing technology, today announced that it has entered into a new distribution agreement with Thrikasa Technologies (“Thrikasa”), a veteran Indian supplier of computing solutions for rugged environments. Pursuant to the agreement, Thrikasa will serve as a key distribution partner for Maris-Tech’s solutions across India.

    With its headquarters in Hyderabad, Thrikasa brings deep experience in delivering advanced technology to defense, aerospace, and critical infrastructure clients across the region. The collaboration will include joint marketing, exhibition participation and coordinated sales efforts, which Maris-Tech expects will allow it to better serve Indian customers with localized expertise and support.

    “We are excited to announce this agreement with Thrikasa, a highly respected participant in India’s defense technology ecosystem,” said Israel Bar, Chief Executive Officer of Maris-Tech. “We believe that Thrikasa’s technical knowledge and trusted relationships make them an ideal collaborator, as we continue to establish our presence in India and bring our advanced edge computing and AI video solutions to the Indian market.”

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing: the anticipated benefits of the distribution agreement between the Company and Thrikasa and the Company’s expansion of its advanced edge computing and AI video solutions  in the Indian market. 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 the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to raise capital through the issuance of additional securities; its planned level of revenues and capital expenditures; belief that our existing cash and cash equivalents, as of December 31, 2024, will be sufficient to fund our operations through the next twelve months; its ability to market and sell our products; its plans to continue to invest in research and development to develop technology for both existing and new products; its plans to collaborate, or statements regarding the ongoing collaborations, with partner companies; its ability to maintain our relationships with suppliers, manufacturers, and other partners; its ability to maintain or protect the validity of our intellectual property; its ability to retain key executive members; its ability to internally develop and protect new inventions and intellectual property; its ability to expose and educate the industry about the use of our products; its expectations regarding our tax classifications; its qualification as an emerging growth company or a foreign private issuer; interpretations of current laws and the passages of future laws; general market, political and economic conditions in the countries in which the Company operates including those related to recent unrest and actual or potential armed conflict in Israel and other parts of the Middle East, such as the multi-front war Israel is facing; and the other risks and uncertainties described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

  • MIL-OSI: Fundamental Global Inc. Reports Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Mooresville, NC, April 01, 2025 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”) today announced results for the fourth quarter and full year ended December 31, 2024.

    Kyle Cerminara, Chairman and Chief Executive Officer commented, “During 2024, we implemented initiatives to consolidate multiple public companies and streamline and simplify our operating structure. We successfully completed three merger transactions, monetized one of our real estate holdings, and continued to drive operating profit improvements in our managed services business. Recently, we announced an agreement for the sale of a portion of our reinsurance business for $5.6 million which we expect to close in the first half of 2025.”

    “Our balance sheet is strong, with $109 million in total assets, nominal long-term debt and $74 million in stockholders’ equity. As part of our ongoing strategic evaluation, we will continue to focus on streamlining and simplifying our operations and increasing capital allocated to cash flow producing assets.”

    Key Operational Highlights:

      ● In February 2024, the Company completed its merger with FG Group Holdings Inc. to consolidate operations, reduce operating costs and streamline the Company’s operations.
         
      ● In April 2024, the Company completed the sale of its Digital Ignition facility in Alpharetta, Georgia significantly reducing general and administrative expenses and long-term debt obligations.
         
      ● In September 2024, the Company completed the sale of its Strong/MDI Screen Systems, Inc. operating subsidiary for approximately $30 million and launched Saltire Capital Ltd. as a Canadian public company.
         
      ● In September 2024, the Company completed its merger with Strong Global Entertainment, Inc. to further reduce operating expenses and streamline the Company’s operations.
         
      ● In October 2024, our merchant banking team announced the closing of an initial public offering for Aldel Financial II Inc., a SPAC client for the Company.
         
      ● In February 2025, our merchant banking team announced the closing of an initial public offering for FG Merger II Corp., a SPAC client for the Company.
         
      ● In March 2025, the Company executed an agreement for the sale of a portion of its reinsurance business for $5.6 million.
         

    Financial Highlights

    Note: The financial results reflect the Company’s performance following the reverse merger between Fundamental Global Inc. and FG Group Holdings, Inc. Consequently, the financial results for periods prior to the merger include only the operations of FG Group Holdings, while results after February 29, 2024, reflect the combined operations of Fundamental Global. Additionally, the results of Strong/MDI and the Company’s reinsurance operations have been reclassified as discontinued operations and are not included in the results of continuing operations.

    As of December 31, 2024, the Company’s key balance sheet items included:

      ● Total assets of $109.5 million, an increase of $47.3 million from December 31, 2023. Assets included equity holdings of $60.1 million, which included directly or indirectly held positions in Saltire Capital, Ltd., GreenFirst Forest Products, Inc., Firefly Media Systems Inc., OppFi Inc., FG Communities, Inc., Craveworthy LLC, and other holdings.
         
      ● Total stockholders’ equity of $74.2 million, an increase of $37.2 million from December 31, 2023, reflecting the increased scale of the Company following the merger transactions and consolidation initiatives.
         
      ● Short- and long-term debt totaled $2.4 million, a decrease of $5.4 million from December 31, 2023.
         

    Revenue during 2024 increased $0.3 million or 1.5% to $17.3 million for the year. Revenue from managed services increased $5.5 million or 20.7% to $32.0 million on increasing demand from entertainment operators and contributions from the acquisition of Innovative Cinema Solutions in late 2023. Revenue growth from managed services was partially offset by increased non-cash equity method losses in the current year period.

    Net loss attributable to common shareholders improved to $2.6 million for the year from a loss of $14.1 million in the prior year primarily due to the $21.8 million gain on the sale of Strong/MDI recognized during the year and improved performance in managed services. Net loss from continuing operations increased to $22.9 million from $12.3 million for the year. Stronger gross profit from managed services was offset by the addition of expenses of FGF which are not included in the periods prior to the merger and increased non-cash equity method losses.

    Net loss per common share improved to $2.43 from $35.22 per common share in the prior year and net loss per common share from continuing operations improved to $22.84 from $29.38. The improvements are primarily due to the $21 million gain on the sale of Strong/MDI recognized during the 2024, as well as an increase in the number of weighted average shares outstanding as a result of the merger of the Company and FG Group Holdings.

    Fundamental Global Inc. 

    Fundamental Global Inc. (Nasdaq: FGF, FGFPP) and its subsidiaries engage in diverse business activities including reinsurance, asset management, merchant banking, and managed services.

    The FG® logo and Fundamental Global® are registered trademarks of Fundamental Global LLC.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore entitled to the protection of the safe harbor provisions of these laws. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “budget,” “can,” “contemplate,” “continue,” “could,” “envision,” “estimate,” “expect,” “evaluate,” “forecast,” “goal,” “guidance,” “indicate,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “possibly,” “potential,” “predict,” “probable,” “probably,” “pro-forma,” “project,” “seek,” “should,” “target,” “view,” “will,” “would,” “will be,” “will continue,” “will likely result” or the negative thereof or other variations thereon or comparable terminology. In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature. We have based these forward-looking statements on our current expectations, assumptions, estimates, and projections. While we believe these to be reasonable, such forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements and may impact our ability to implement and execute on our future business plans and initiatives. Management cautions that the forward-looking statements in this press release are not guarantees of future performance, and we cannot assume that such statements will be realized or the forward-looking events and circumstances will occur. Factors that might cause such a difference include, without limitation, general conditions in the global economy; risks associated with operating in the merchant banking, and managed services industries, including inadequately priced insured risks, credit risk; our inability to execute on our multi-industry business strategy and potential loss of value of investments; risk of becoming an investment company; fluctuations in our short-term results as we implement our business strategies; risks of being unable to close the sale of our reinsurance business in a reasonable time period or at all; risks of not being able to execute on our investment and investment management strategy and potential loss of value of holdings; risk of becoming an investment company; fluctuations in our short-term results as we implement our business strategies; risks of being unable to close the sale of our reinsurance business in a reasonable time period or at all; risks of not being unable to attract and retain qualified management and personnel to implement and execute on our business and growth strategy; failure of our information technology systems, data breaches and cyber-attacks; our ability to establish and maintain an effective system of internal controls; our limited operating history as a public company; the requirements of being a public company and losing our status as a smaller reporting company or becoming an accelerated filer; any potential conflicts of interest between us and our controlling stockholders and different interests of controlling stockholders; and potential conflicts of interest between us and our directors and executive officers.

    Our expectations and future plans and initiatives may not be realized. If one of these risks or uncertainties materializes, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. You are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements are made only as of the date hereof and do not necessarily reflect our outlook at any other point in time. We do not undertake and specifically decline any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect new information, future events or developments.

    Investor Contact:

    investors@fundamentalglobal.com

    FUNDAMENTAL GLOBAL INC.
    Consolidated Balance Sheets
    ($ in thousands)

        December 31, 2024     December 31, 2023  
                 
    ASSETS                
    Cash and cash equivalents   $ 7,794     $ 5,995  
    Accounts receivable, net     3,384       3,529  
    Inventories, net     1,432       1,482  
    Equity holdings, at fair value     5,763       10,552  
    Other equity holdings and other holdings     54,310       17,469  
    Property, plant and equipment, net     2,781       11,115  
    Operating lease right-of-use assets     201       371  
    Finance lease right-of-use assets     1,105       1,258  
    Assets of discontinued operations     31,626       9,886  
    Other assets     1,073       486  
    Total assets   $ 109,469     $ 62,143  
                     
    LIABILITIES                
    Accounts payable and accrued expenses   $ 5,704     $ 4,834  
    Deferred revenue and customer deposits     857       867  
    Operating lease liabilities     236       421  
    Finance lease liabilities     1,136       1,283  
    Short-term debt     2,068       2,294  
    Long-term debt, net of debt issuance costs     301       5,461  
    Deferred income taxes     2,412       3,075  
    Liabilities of discontinued operations     22,436       6,799  
    Other liabilities     122       102  
    Total liabilities     35,272       25,136  
                     
    Commitments and contingencies     –       –  
                     
    SHAREHOLDERS’ EQUITY                
    Series A Preferred Shares     22,365       –  
    Common stock     29       225  
    Additional paid-in capital     50,924       55,856  
    Retained earnings     (229 )     2,336  
    Treasury stock     –       (18,586 )
    Accumulated other comprehensive income (loss)     1,108       (4,682 )
    Total Fundamental Global stockholders’ equity     74,197       35,149  
    Equity attributable to non-controlling interest     –       1,858  
    Total stockholders’ equity     74,197       37,007  
    Total liabilities and stockholders’ equity   $ 109,469     $ 62,143  


    FUNDAMENTAL GLOBAL INC.
    Consolidated Statements of Operations
    ($ in thousands, except per share data)

        Three Months Ended December 31,     Year Ended December 31,  
        2024     2023     2024     2023  
    Revenue:                        
    Net (loss) earnings on equity holdings and other holdings   $ (4,628 )   $ 440     $ (14,675 )   $ (9,437 )
    Net product sales     3,463       2,783       18,561       13,978  
    Net services revenue     3,696       3,314       13,462       12,552  
    Total revenue     2,531       6,537       17,348       17,093  
                                     
    Expenses:                                
    Costs of products     3,067       2,619       15,530       12,583  
    Costs of services     2,791       2,263       9,963       8,893  
    Selling expense     305       197       1,277       797  
    General and administrative expenses     2,348       2,757       13,979       11,111  
    Loss (gain) on impairment and disposal of assets     –       –       1,475       (5 )
    Total expenses     8,511       7,836       42,224       33,379  
    Loss from operations     (5,980 )     (1,299 )     (24,876 )     (16,286 )
    Other income (expense):                                
    Interest expense, net     (60 )     (237 )     (360 )     (520 )
    Foreign currency transaction income (loss)     20       2       (7 )     (1 )
    Bargain purchase on acquisition and other (expense) income, net     472       3,469       2,245       3,502  
    Total other income, net     432       3,234       1,878       2,981  
    Loss from continuing operations before income taxes     (5,548 )     1,935       (22,998 )     (13,305 )
    Income tax benefit     29       685       139       998  
    Net (loss) income from continuing operations     (5,519 )     2,620       (22,859 )     (12,307 )
    Net (loss) income from discontinued operations     (1,913 )     (4,556 )     21,544       (2,334 )
    Net (loss) income     (7,432 )     (1,936 )     (1,315 )     (14,641 )
    Net loss attributable to non-controlling interest     –       (442 )     (160 )     (564 )
    Dividends declared on Series A Preferred Shares     (447 )     –       (1,410 )     –  
    Net loss attributable to common shareholders   $ (7,879 )   $ (1,494 )   $ (2,565 )   $ (14,077 )
                                     
    Basic and diluted net (loss) income per common share:                                
    Continuing operations   $ (4.72 )   $ 7.27     $ (22.83 )   $ (29.38 )
    Discontinued operations     (1.50 )     (10.82 )     20.41       (5.84 )
    Total   $ (6.23 )   $ (3.55 )   $ (2.43 )   $ (35.22 )
                                     
    Weighted average common shares outstanding:                                
    Basic and diluted     1,265       421       1,056       400  


    FUNDAMENTAL GLOBAL INC.
    Consolidated Statements of Cash Flows
    (in thousands)

        Year Ended December 31,  
        2024     2023  
    Cash flows from operating activities:                
    Net loss from continuing operations   $ (22,859 )   $ (12,307 )
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities:                
    Net unrealized holding loss on equity holdings     5,039       6,176  
    Loss from equity method holdings     10,713       3,261  
    Adjustment to gain acquisition of ICS assets     69       –  
    Net realized gain on sale of equity holdings     (306 )     (1 )
    Provision for doubtful accounts     68       7  
    Provision for (benefit from) obsolete inventory     1       (34 )
    Provision for warranty     –       2  
    Depreciation and amortization     829       841  
    Amortization and accretion of operating leases     262       138  
    Impairment of property and equipment     1,422       –  
    Gain on merger of FGF and FGH     (2,321 )     –  
    Deferred income taxes     (469 )     (933 )
    Stock compensation expense     1,619       1,605  
    Changes in operating assets and liabilities:                
    Other assets     1,109       378  
    Accounts receivable     178       1,831  
    Inventories     (19 )     393  
    Current income taxes     (46 )     345  
    Accounts payable and accrued expenses     952       817  
    Deferred revenue and customer deposits     (66 )     (789 )
    Operating lease obligations     (224 )     (151 )
    Net cash (used in) provided by operating activities from continuing operations     (4,049 )     1,579  
    Net cash used in operating activities from discontinued operations     (665 )     (1,423 )
    Net cash (used in) provided by operating activities     (4,714 )     156  
                     
    Cash flows from investing activities:                
    Capital expenditures     (46 )     (164 )
    Proceeds from sales of equity securities     5,021       198  
    Proceeds from sales of property and equipment     6,161       –  
    Collection of note receivable     203       –  
    Cash acquired in acquisition of ICS     –       58  
    Cash acquired in Merger of FGF and FGH     1,903       –  
    Net cash provided by investing activities from continuing operations     13,242       92  
    Net cash used in investing activities from discontinued operations     (94 )     (787 )
    Net cash provided by (used in) investing activities     13,148       (695 )
                     
    Cash flows from financing activities:                
    Payment of dividends on preferred shares     (1,411 )     –  
    Principal payments on short-term debt     (603 )     (653 )
    Payment payments on long-term debt     (5,192 )     (224 )
    Net borrowing under credit facility     97       –  
    Proceeds from Strong Global Entertainment initial public offering     –       2,411  
    Payments of withholding taxes for net share settlement of equity awards     (21 )     (135 )
    Payments on finance lease obligations     (253 )     (159 )
    Net cash (used in) provided by financing activities from continuing operations     (7,383 )     1,240  
    Net cash provided by financing activities from discontinued operations     525       2,143  
    Net cash (used in) provided by financing activities     (6,858 )     3,383  
                     
    Effect of exchange rate changes on cash and cash equivalents from continuing operations     (11 )     21  
    Effect of exchange rate changes on cash and cash equivalents from discontinued operations     (36 )     95  
    Net increase in cash and cash equivalents from continuing operations     1,799       2,932  
    Net (decrease) increase in cash and cash equivalents from discontinued operations     (270 )     28  
    Net increase in cash and cash equivalents     1,529       2,960  
                     
    Cash and cash equivalents from continuing operations at beginning of year     5,995       3,063  
    Cash and cash equivalents from continuing operations at end of year   $ 7,794     $ 5,995  

    The MIL Network –

  • MIL-OSI: Locafy to Present at the AI & Technology Virtual Investor Conference April 3rd

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Australia, April 01, 2025 (GLOBE NEWSWIRE) — Locafy Limited (Nasdaq: LCFY, LCFYW) (“Locafy” or the “Company”), a globally recognized leader in location based digital marketing solutions, with market leading SEO capabilities, today announced that CEO Gavin Burnett will present at the AI & Technology Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on April 3, 2025, at 9:00 a.m. Eastern Time.

    Burnett will discuss how Locafy is addressing the rapidly evolving online and AI search landscape. He will highlight the Company’s proprietary entity-based SEO technology, which enables businesses to achieve fast, cost-effective Page 1 visibility across both traditional search engines and emerging AI-powered platforms. Burnett will also explore how AI is transforming search behavior and emphasize the importance of unique, authentic business content and optimized digital infrastructure for gaining recognition in both AI and organic search. Additionally, he will preview Locafy’s upcoming AI Chat and Voice Bot solutions—designed to boost customer engagement and drive conversions—as part of the Company’s broader strategy to scale globally through strategic partnerships and a subscription-based business model.

    This will be a live, interactive online event where investors are invited to ask questions in real time. An archived webcast will be made available after the event for those unable to attend live.

    Online investors are encouraged to pre-register and run the online system check to expedite participation and receive event updates.

    Learn more and register at www.virtualinvestorconferences.com.

    About Locafy
    Locafy (Nasdaq: LCFY, LCFYW) is a globally recognized software-as-a-service technology company specializing in local search engine marketing. Founded in 2009, Locafy’s mission is to revolutionize the US$700 billion SEO sector. We help businesses and brands increase search engine relevance and prominence in a specific proximity using a fast, easy, and automated approach. For more information, please visit www.locafy.com.

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

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

    Locafy Investor Relations Contact
    Matt Glover
    Gateway Group, Inc.
    (949) 574-3860
    LCFY@gateway-grp.com

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

    The MIL Network –

  • MIL-OSI Economics: AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

    Source: Agnico Eagle Mines

    Stock Symbol: AEM (NYSE and TSX)

    TORONTO, April 1, 2025 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has acquired 2,602,500 common shares (“Common Shares”) of Rupert Resources Ltd. (“Rupert”) in a non-brokered private placement at a price of C$4.50 per Common Share for total consideration of C$11,711,250 (the “Private Placement”).

    Concurrent with the closing of the Private Placement, Agnico Eagle exercised its right under an investor rights agreement dated February 11, 2020 between Agnico Eagle and Rupert to designate a nominee, Carol Plummer, to be appointed, or nominated for election to the board of directors of Rupert (the “Rupert Board”). Rupert has advised Agnico Eagle that it will nominate Ms. Plummer for election at Rupert’s upcoming annual general meeting and will include the required information in its proxy circular.

    Ms. Plummer is Executive Vice-President, Sustainability, People and Culture at Agnico Eagle and possesses extensive experience in project evaluation, mine building and operations, particularly in Finland, where she was previously the general manager of Agnico Eagle’s Kittilä mine. Agnico Eagle believes that Ms. Plummer’s expertise will be a valuable asset to the Rupert Board as Rupert advances the Ikkari project and continues exploring the full potential of the property.

    Prior to the Private Placement, Agnico Eagle owned 30,169,111 Common Shares, representing approximately 13.3% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the Private Placement, Agnico Eagle owned 32,771,611 Common Shares, representing approximately 14.0% of the issued and outstanding Common Shares on a non-diluted basis.

    Agnico Eagle acquired the Common Shares for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Rupert or dispose of some or all of the Common Shares or other securities of Rupert it owns at such time.

    An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

    Agnico Eagle Mines Limited 
    c/o Investor Relations
    145 King Street East, Suite 400 
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212 
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Rupert’s head office is located at 82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Forward-Looking Statements

    The information in this news release has been prepared as at April 1, 2025. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

    Forward-looking statements in this news release include, without limitation, statements relating to the nomination of Carol Plummer as a director of Rupert, the inclusion of certain information regarding Carol Plummer in Rupert’s proxy circular and Agnico Eagle’s acquisition or disposition of securities of Rupert in the future.

    Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

    View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-announces-investment-in-rupert-resources-ltd-302417054.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics –

  • MIL-OSI: Volatus Aerospace to Present at the AI & Technology Virtual Investor Conference April 3rd

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc., (OTCQX: TAKOF) (TSXV: FLT) (Frankfurt: ABB), a leader in innovative aerial solutions, today announced that Glen Lynch, CEO of Volatus Aerospace will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on April 3rd, 2025.

    This live presentation, led by CEO Glen Lynch, will cover Volatus’ strategic growth plan, outline its initiatives for remotely piloted aircraft systems (RPAS) and piloted solutions, and detail recent partnerships aimed at accelerating the commercialization of its RPAS technologies, including Volatus’ recent alliances with Kongsberg Geospatial, Dufour, RigiTech and Ondas Holdings.

    DATE: Thursday April 3, 2025
    TIME: 10:00am EDT
    LINK: CLICK HERE TO REGISTER

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

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

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

    Recent Volatus Highlights:

    About Volatus Aerospace
    Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With a strong foundation of over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). We serve industries such as oil and gas, utilities, healthcare, and public safety. Our mission is to enhance operational efficiency, safety, and sustainability through cutting-edge, real-world solutions.

    Connect with Volatus: Website 

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

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

    CONTACTS:

    Volatus Aerospace Inc.

    Danielle Gagne
    Head of Marketing and Communications
    Volatus Aerospace Inc.
    +1 833-865-2887
    danielle.gagne@volatusaerospace.com

    Bill Mitoulas
    Investor Relations
    Volatus Aerospace Inc.
    +1.416.479.9547
    investorrelations@volatusaerospace.com

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

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

    The MIL Network –

  • MIL-OSI: Bruce Bond, Innovator ETFs® CEO and Industry Trailblazer, Nominated for etf.com Lifetime Achievement Award

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 01, 2025 (GLOBE NEWSWIRE) — Innovator Capital Management, LLC (“Innovator”), pioneer and provider of the first and largest lineup of Defined Outcome ETFs™, is proud to announce that its CEO and co-founder, Bruce Bond, is a finalist for etf.com’s 2025 Lifetime Achievement Award1. This annual honor recognizes one individual for outstanding long-term contributions to the ETF industry.

    Throughout his career, Bond’s creativity and entrepreneurial vision have moved the industry forward. He cofounded Innovator with longtime business partner John Southard in 2017, with the goal of redefining the way investors manage risk through innovative yet simple products.

    Together they introduced the world’s first Defined Outcome ETFs™, also known as Buffer ETFs™, which seek to provide exposure to market upside, to a cap, with built-in, known levels of protection on the downside, a concept that was formerly confined to the multi-trillion dollar annuity and structured products markets.

    Under Bond’s leadership, Innovator has blazed a trail for a segment of asset management that now surpasses $50 billion in total AUM. Today, the firm maintains the most expansive suite of Defined Outcome ETFs™, along with a range of other products, totaling 153 funds and approximately $23.7 billion in assets under management as of February 28, 2025. The firm is one of the fastest-growing in the industry, generating inflows of approximately $1.2 billion in net new assets in 2025 through the end of February.

    Prior to launching Innovator, Bond was already regarded for his ETF industry leadership. He and Southard founded PowerShares in 2003, which later sold to Invesco, paving the way for the massive growth of what is known today as smart or strategic beta.

    “It comes as no surprise that Bruce is being recognized for his long list of achievements in and contributions to our industry,” said Southard. “I’ve seen firsthand over the past two decades both his foresight about the category’s massive potential as well as his dogged perseverance in pushing the boundaries of what’s possible.”

    Added Bond, “I am grateful for this recognition and to be among a group of such important figures in the ETF world. With Innovator, and throughout my career, I’ve set out to create something new and powerful within an inherently groundbreaking industry. It’s humbling to reflect on what we’ve accomplished, and exciting to look ahead to a future with significant upside yet to be realized.”

    More information about Bruce’s storied career can be found on etf.com. The 2025 etf.com Awards will be held on April 23 in New York City.

    About Innovator Capital Management, LLC

    Innovator was established in 2017 by Bruce Bond and John Southard, founders of the PowerShares ETF lineup that has grown to be the fourth largest in the world. The listing of three Innovator Buffer ETFs™ in August 2018 marked the launch of the world’s first Defined Outcome ETFs™. Innovator is dedicated to providing ETFs with built-in risk management that offer investors a high level of predictability around their investment outcomes. Today, with more than 140 ETFs and $23 billion in AUM, Innovator is the industry’s leading provider of Defined Outcome ETFs™.

    Media Contact
    Frank Taylor
    innovator@dlpr.com
    (646) 808-3647

    1 Etf.com’s Awards Nominating Committee review nominations, screen nominations for eligibility, and then costs votes on a majority basis. More information regarding etf.com’s nomination and award methodology is available at https://www.etf.com/awards-2025.

    The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Funds is right for you, please see “Investor Suitability” in the applicable prospectus.

    The Fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus and summary prospectus contain this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing. Investing involves risk. Principal loss is possible. Innovator ETFs are distributed by Foreside Fund Services, LLC.

    The following marks: Accelerated ETFs®, Accelerated Plus ETF®, Accelerated Return ETFs®, Barrier ETF®, Buffer ETF™, Defined Income ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Defined Protection ETF®, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETFs®, Managed Outcome ETFs®, Step-Up™, Step-Up ETFs®, 100% Buffer ETFs™ and all related names, logos, product and service names, designs, and slogans are the trademarks of Innovator Capital Management, LLC, its affiliates or licensors. Use of these terms is strictly prohibited without proper written authorization.

    Copyright © 2025 Innovator Capital Management, LLC. All rights reserved.

    The MIL Network –

  • MIL-OSI: Triller Group Executives to Attend Exclusive Mar-a-Lago Luncheon Ahead of TikTok Ban

    Source: GlobeNewswire (MIL-OSI)

    As TikTok ban nears, Triller makes moves to capture market share for its short-form video platform

    Los Angeles, CA, April 01, 2025 (GLOBE NEWSWIRE) — Triller Group Inc. (“Triller” or “the Company is set to participate in an exclusive luncheon at President Donald J. Trump’s Palm Beach, Florida club Mar-a-Lago. Triller Group CEO Wing Fai Ng and CFO Mark Carbeck will represent the company at this prestigious gathering, marking Triller’s first official engagement at the esteemed venue.

    The luncheon presents a strategic opportunity for Triller to connect with new investors, forge key relationships, and explore potential growth avenues ahead of the impending TikTok ban, currently slated for April 5, 2025. As the Company continues to expand its influence in the digital and creator-driven economy, securing strong partnerships remains a top priority.

    “The Mar-a-Lago luncheon is the perfect forum for Triller to connect and engage with industry leaders who share our vision for innovation and disruption in the digital space,” said Wing Fai Ng, CEO of Triller Group. “This gathering gives us the opportunity to showcase Triller’s unique position at the intersection of AI, entertainment, and social media.”

    With a global footprint and a strong commitment to empowering creators, Triller continues to revolutionize digital engagement. The Company looks forward to leveraging this event to strengthen its financial strategy and drive future success.

    About Triller Group Inc.

    (Nasdaq: ILLR) Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator-focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands.

    Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group’s premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth.

    Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group’s ecosystem, making it easier for users to access the tools they need for financial success.

    Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.trillercorp.com and www.agba.com.

    # # #

    Investor & Media Relations:
    Bethany Lai
    ir@triller.co

    Breanne Fritcher
    triller@wachsman.com

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

    The MIL Network –

  • MIL-OSI: Blockmate Ventures Inc to Present at the AI & Technology Virtual Investor Conference April 3rd

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 01, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”), today announced that Justin Rosenberg, CEO, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on April 3rd, 2025.

    DATE: April 3rd
    TIME: 3:30 – 4:00 pm ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: April 7-8

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

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

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

    Recent Company Highlights

    • Feb 10, 2025 – Animoca Brands announces that they led Hivello’s pre-TGE investment round
    • Feb 11, 2025 – Hivello’s (HVLO) Token lists on Gate.io and MEXC
    • Dec 17, 2024 – Blockmate receives strategic investment from Tony G and co

    About Blockmate Ventures Inc.
    Blockmate Ventures is a venture creator focusing on building fast growing technology businesses relating to cutting edge sectors such as blockchain, AI and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at www.hivello.com) and Sunified, digitising solar energy.

    The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.

    Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.

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

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

    CONTACTS:
    Justin Rosenberg
    CEO
    Blockmate Ventures Inc
    (580) 262-6130
    justin@blockmate.com

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

    The MIL Network –

  • MIL-OSI Security: FBI Warns Public to Beware of Scammers Impersonating Law Enforcement and Government Officials

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

    The FBI Philadelphia Field Office is warning the public of fraud schemes in which scammers impersonate law enforcement or government officials in attempts to extort money or steal personally identifiable information.

    Government and law enforcement impersonation scams can come in various forms, most commonly email or phone calls.

    On the phone, scammers often spoof caller ID information, so fraudulent calls appear to be coming from an agency’s legitimate phone number. Recipients should hang up immediately and report the call to law enforcement.

    Fraudulent emails may give the appearance of legitimacy by using pictures of the FBI Director and/or the FBI seal and letterhead. Common hallmarks of a scam email include misspellings, missing words, and incorrect grammar.

    Be advised, law enforcement does not call or email individuals threatening arrest or demanding money.

    To avoid becoming a victim of this scam:

    • Be wary of answering phone calls from numbers you do not recognize.
    • Do not send money to anybody that you do not personally know and trust.
    • Never give out your personal information, including your Social Security number, over the phone or to individuals you do not know.

    The FBI will never:

    • Call or email private citizens to demand payment or threaten arrest. You will also not be asked to wire a “settlement” to avoid arrest.
    • Ask you to use large sums of your own money to help catch a criminal.
    • Never request you send money via wire transfer to foreign accounts, cryptocurrency, or gift/prepaid cards
    • Call you about “frozen” Social Security numbers or to coordinate inheritances.

    If you believe you are a victim of a law enforcement or government impersonation scam:

    • Cease all contact with the scammers immediately
    • Notify your financial institutions and safeguard any financial accounts
    • Contact your local law enforcement and file a police report
    • File a complaint with the FBI IC3 at www.ic3.gov.
    • Be sure to keep any financial transaction information, including prepaid cards and banking records and all telephone, text, or email communications.

    If you think you are a victim of this, or any other online scam please file a report with your local law enforcement agency and the FBI’s Internet Crime Complaint Center (IC3) at ic3.gov.

    MIL Security OSI –

  • MIL-OSI Security: FBI Philadelphia Raises Awareness About Sexual Assaults on Airplanes

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

    PHILADELPHIA—April is Sexual Assault Awareness Month, and the FBI Philadelphia Field Office is taking that opportunity to alert the public about a serious federal crime: sexual assault aboard aircraft.

    Sexual assault aboard aircraft—which usually takes the form of unwanted touching—is a felony that can land offenders in prison.

    To respond to incidents at airports or on airplanes, each of the FBI’s 55 field offices have airport liaison agents (ALA). These agents are assigned to the nearly 450 U.S. aviation facilities that have passenger screening operations regulated by the Transportation Security Administration (TSA), and respond to crime aboard an aircraft, a violation which falls within the FBI’s special investigative jurisdiction. 

    “Everyone has the right to fly without being subjected to abusive or sexual misconduct,” said Wayne A. Jacobs, special agent in charge of FBI Philadelphia. “Alongside our airport and law enforcement partners, the FBI is committed to supporting victims and holding offenders fully accountable for their actions.”

    To support and assist victims of federal crimes, the FBI has Victim Specialists in field offices across the country.

    We encourage everyone to be aware of their surroundings while onboard an airplane. If you have been a victim of sexual assault aboard an aircraft, or have witnessed one take place, report it your flight crew, airport authority police, and the FBI at 1-800-CALL-FBI or tips.fbi.gov.

    You can reach out to FBI Philadelphia at (215) 418-4000.

    For victim services resources on sexual assault, visit: Navigating the Impact of Sexual Assault — FBI

    MIL Security OSI –

  • MIL-OSI: Brand Engagement Network to Present at the AI & Technology Virtual Investor Conference April 3rd

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., April 01, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced that CEO Paul Chang, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on April 3, 2025

    DATE: April 3, 2025
    TIME: 1:00 PM
    LINK: REGISTER HERE
    Available for 1×1 meetings: April 3rd, 4th, and 7th

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

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

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

    Why BEN?

    • High-Growth Market Leader: BEN is positioned to capture opportunities in the $30B conversational AI industry with tailored, impactful solutions. Unlike generalist AI models that rely on expensive GPUs, BEN AI’s small language models run efficiently on CPUs, offering unmatched scalability and cost-effectiveness for businesses.
    • Proven Innovation and Technology: With 21 granted and 28 pending patents, BEN leads in personalization, adaptive AI, and secure integration. Cataneo’s MYDAS platform optimizes advertising for major broadcasters like Disney and BBC, unlocking new revenue streams.
    • Industry Versatility: BEN’s scalable AI-powered solutions transform customer engagement across industries, including automotive, healthcare, and media, creating measurable impact and value.
    • Commitment to Trust and Security: BEN AI ensures transparency, reliability, and U.S.-based data security with HIPAA and SOC2 compliance. Its Virginia-hosted servers and offline capabilities make it ideal for regulated industries like healthcare.
    • Visionary Leadership: BEN’s leadership team has the expertise to drive industry transformation and maintain its position at the forefront of customer engagement.

    Recent Company Highlights:

    • Transformational Acquisition: BEN recently announced the acquisition of Cataneo GmbH, a media technology leader managing over €5 billion in annual media spend. This $19.5 million deal combines BEN’s Generative AI with Cataneo’s Mydas platform, setting a new benchmark in global media engagement and interactive advertising.
    • AI-Driven Radio Advertising with Vybroo & Grupo Siete: BEN and Cataneo GmbH partnered with Vybroo and Grupo Siete on a pilot program to modernize radio advertising in Mexico by streamlining ad placement and optimizing campaign performance.
    • Cox Automotive Partnership: BEN successfully integrated its Digital AI Assistant with Cox Automotive’s Dealer.com, enhancing customer engagement and dealership operations through personalized, multimodal experiences.
    • Expanding Market Reach: BEN continues to explore new verticals and applications for its AI solutions, positioning the company to capture untapped opportunities and deliver sustained growth.

    About Brand Engagement Network (BEN)
    Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai.

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

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

    BEN Contacts:
    Investor Relations
    Susan Xu
    E: sxu@allianceadvisors.com
    P: 778-323-0959

    Media Contact
    Amy Rouyer
    E: amy@beninc.ai
    P: 503-367-7596

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

    The MIL Network –

  • MIL-OSI: BioLargo to Present at the AI & Technology Virtual Investor Conference April 3, 2025

    Source: GlobeNewswire (MIL-OSI)

    WESTMINSTER, Calif., April 01, 2025 (GLOBE NEWSWIRE) — BioLargo, Inc. (OTCQX:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, today announced that Dennis P. Calvert, CEO of BioLargo, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on April 3, 2025

    DATE: April 3, 2025
    TIME: 12:00 PM EDT
    LINK: Register Here

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

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

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

    About BioLargo, Inc.

    BioLargo, Inc. (OTCQX:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.

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

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

    CONTACTS:
    BioLargo, Inc.
    Dennis P. Calvert
    President and CEO, BioLargo, Inc.
    888-400-2863

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

    The MIL Network –

  • MIL-OSI: ECN Capital Announces Closing of C$8 Million Offering of 6.50% Convertible Senior Unsecured Debentures Pursuant to Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

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

    TORONTO, April 01, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital”) today announced that, further to its previously announced closing of the offering (the “Offering”) of C$75 million aggregate principal amount of convertible senior unsecured debentures due April 30, 2030 (the “Debentures”), the syndicate of underwriters co-led by CIBC Capital Markets, National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets, and including Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp. and Cormark Securities Inc. have exercised their over-allotment option (the “Over-Allotment Option”) in part and have purchased an additional C$8 million aggregate principal amount of Debentures on the same terms and conditions as the Offering. The additional gross proceeds of C$8 million from the exercise of the Over-Allotment Option brings the total gross proceeds raised from the Offering to C$83 million.

    Further details concerning the Offering are set out in ECN Capital’s prospectus supplement dated March 14, 2025, available on SEDAR+ at www.sedarplus.com.

    About ECN Capital Corp.

    With managed assets of US$6.9 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities. These services are offered through two operating segments: (i) Manufactured Housing Finance, and (ii) Recreational Vehicle and Marine Finance.

    Contact

    Katherine Moradiellos
    561-631-8739
    kmoradiellos@ecncapitalcorp.com

    The MIL Network –

  • MIL-OSI: Societe Generale offer to purchase certain of its debt securities

    Source: GlobeNewswire (MIL-OSI)

    SOCIETE GENERALE OFFER TO PURCHASE CERTAIN OF ITS DEBT SECURITIES

    Press release

    Paris, April 1, 2025

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

    Societe Generale announces today the launch of an offer to purchase for cash (the “Offer”) any and all of its outstanding Undated Deeply Subordinated Resettable Interest Rate Notes (the “Notes”), upon the terms and subject to the conditions set forth in the offer to purchase dated April 1, 2025 (the “Offer to Purchase”) and the related notice of guaranteed delivery.

    The following table sets forth the Notes subject to the Offer and the key economic terms of the Offer:

    CUSIP No. ISIN Title of Security Principal Amount Outstanding Amount to be Accepted Tender Offer Consideration
    83368J FA3 F43628 B41 US83368JFA34 USF43628B413 Undated Deeply Subordinated Resettable Interest Rate Notes (the “Notes”) $1,250,000,000 Any and all $1,007 (1)

     (1)   The amount to be paid for each $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase, excluding accrued and unpaid interest.

    The Offer will commence on April 1, 2025 and will expire at 5:00 p.m. (New York City time) on April 7, 2025 unless it is extended or terminated by Societe Generale. The expected guaranteed delivery date is 5:00 p.m. (New York City time) on April 9, 2025. The deadlines set by any intermediary may be earlier than the above deadline.

    Consideration for Notes validly tendered and not validly withdrawn and accepted for payment pursuant to the Offer is $1,007 per $1,000 principal amount of Notes. In addition, Societe Generale will pay all accrued and unpaid interest on the Notes purchased pursuant to the Offer up to, but not including, the settlement date.

    The purpose of the Offer is to efficiently manage Societe Generale’s regulatory capital while providing liquidity to Holders.

    The Notes are governed by English law, which, following the UK’s withdrawal from the European Union, has become a third country law. Because the Notes do not include a contractual recognition of bail-in clause, the Notes will cease to qualify as Additional Tier 1 on June 28, 2025.

    If any Notes remain outstanding after the consummation of the Offer, Societe Generale intends to consider future optional redemption rights in respect of the Notes in accordance with their terms and conditions, including pursuant to condition 8.3 “Redemption upon the occurrence of a Capital Event” for which it has received the European Central Bank’s permission. Any future decision by Societe Generale to redeem the Notes then outstanding will be made on an economic basis, considering current and future regulatory value, relative funding cost, rating agency considerations, and having regard to the prevailing circumstances at the relevant time.

    With respect to the other notes issued by Societe Generale and governed by English law listed below, which will cease to qualify as Tier 2 on June 28, 2025, Societe Generale intends to consider future optional redemption rights in accordance with their terms and conditions, including pursuant to condition 7.2 “Redemption upon the occurrence of a Capital Event” and condition 6(c) “Redemption upon the occurrence of a Capital Event with respect to Subordinated Notes”, as the case may be:

    • USD 1,000,000,000 Subordinated 4.750% Notes due November 24, 2025 (144A ISIN: US83367TBR95, RegS ISIN: USF8586CBS01)
    • AUD 150,000,000 4.875% Subordinated Tier 2 Notes due October 13, 2026 (ISIN: XS1503159219)
    • EUR 70,000,000 fixed rate resettable callable Subordinated Tier 2 Notes due October 21, 2026 (ISIN: XS1308623658)

    Societe Generale and SG Americas Securities, LLC are acting as Dealer Managers for the Offer, and D.F. King Ltd. is acting as Tender and Information Agent. For detailed terms of the Offer, please refer to the Offer to Purchase which, subject to offer and distribution restrictions, can be obtained from the Dealer Managers and the Tender and Information Agent. Questions regarding the Offer may be directed to the Dealer Managers and the Tender and Information Agent at the contact details set forth below:

    D.F. King Ltd.
    Email: SGCIB@dfkingltd.com
    Offer Website: https://clients.dfkingltd.com/sgcib

    In New York

    48 Wall Street, 22nd Floor
    New York, New York 10005
    United States of America

    Banks and Brokers, Call Collect: (212) 269 5550

    All others, Call Toll-Free: (800) 848-2998

    		 In London

    51 Lime Street
    London EC3M 7DQ
    United Kingdom

    Tel: +44 20 7920 9700

    		  
    Societe Generale

    17, cours Valmy

    BP 18236

    92987 Paris la Défense Cedex

    France

    Tel: +33 (0)1 42 13 32 40

    Email: liability.management@sgcib.com

    		 SG Americas Securities, LLC

    245 Park Avenue

    New York, New York 10167

    United States

    Tel: + 1 (212) 278-7631

    Toll-Free: 1 (855) 881 2108

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com

    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release includes statements that constitute forward-looking statements. Such statements can be understood through words and expressions like “will,” “expect,” “project,” “anticipate,” “should,” “intend,” “probability,” “risk,” “target,” “goal,” “objective,” “estimate,” “future,” “commitment,” “commit,” “focus,” “pledge” and similar expressions. They include, but are not limited to, statements regarding the conduct and completion of the Offers. However, risks, uncertainties and other important factors may lead to developments and results that differ materially from those anticipated, expected, projected or assumed in forward-looking statements, including those discussed in the Offer to Purchase under the heading “Risk Factors” and under similar headings in other documents that are incorporated by reference into the Offer to Purchase. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release, and Societe Generale undertakes no obligation to update or revise any forward-looking statements, regardless of new information, future events or otherwise, except as required by applicable law.

    Offer Restrictions
    This press release does not constitute an offer to buy or the solicitation of an offer to sell Notes, and tenders of Notes for purchase pursuant to the Offer will not be accepted from Holders in any circumstances in which such offer or solicitation is unlawful, including under applicable securities or “blue sky” laws.

    United Kingdom
    The communication of the press release and any other documents or materials relating to the Offer is not being made, and such documents and/or materials have not been approved, by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. This electronic transmission is made only to, or directed only at (1) those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”)), (2) those persons falling within Article 43(2) of the Financial Promotion Order, including existing members and creditors of the Societe Generale, or (3) any other persons to whom it may otherwise be lawfully made under the Financial Promotion Order (together being referred to as “relevant persons”), and must not be acted on or relied upon by persons other than relevant persons. Any investment activity referred to in this communication is available only to relevant persons and will be engaged in only with relevant persons.

    Republic of Italy
    None of the Offer, this press release or any other documents or materials relating to the Offer have been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa (CONSOB) pursuant to Italian laws and regulations and therefore the Offer may only be made or promoted, directly or indirectly, in or into the Republic of Italy as exempted Offer pursuant to Article 101-bis, paragraph 3-bis of Legislative Decree no. 58 of February 24, 1998, as amended (the “Financial Services Act”) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of May 14, 1999, as amended.
    Holders or beneficial owners of the Notes that are resident and/or located in the Republic of Italy can tender Notes for purchase in the Offer through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February 2018, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB, the Bank of Italy or any other Italian authority.
    Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes or Societe Generale or this press release or any other documents or materials relating to the Offer.

    European Economic Area
    This press release does not constitute a prospectus for the purposes of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the “Prospectus Regulation”) and has not been approved, filed or reviewed by the Commission de surveillance du secteur financier (“CSSF”) in Luxembourg, nor has the CSSF issued any report regarding the accuracy or adequacy of this press release.
    In any European Economic Area Member State (each, a “Relevant State”), this press release is only addressed to and is only directed at qualified investors in that Relevant State within the meaning of Article 2(e) of the Prospectus Regulation.
    This press release has been prepared on the basis that the Offer in any Relevant State will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus.
    Each person in a Relevant State who receives any communication in respect of the Offer contemplated in this press release will be deemed to have represented, warranted and agreed to and with each Dealer Manager and Societe Generale that it is a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation.

    Attachment

    The MIL Network –

  • MIL-OSI Europe: Christine Lagarde: The transformative power of AI

    Source: European Central Bank

    Welcome address by Christine Lagarde, President of the ECB, at the ECB conference on “The transformative power of AI: economic implications and challenges” in Frankfurt, Germany.

    Frankfurt, 1 April 2025

    It is a pleasure to welcome you to our conference on the transformative power of AI.

    In the early stages of a new technological breakthrough, it is often hard to discern fact from fiction. We struggle to imagine the ways in which the new technology will be used. And even if we predict the direction of technological change correctly, we rarely get the timeline or the size of the impacts right.

    Today, we sometimes hear claims that AI is improving so fast that we are only a few years away from the nature of work being radically reformed. But we also hear arguments that the same barriers that slowed down the adoption of all past technologies will also delay AI adoption.

    I cannot claim to know which vision will prove to be correct. But the early evidence is promising and, in my view, we must act on the basis that we are facing an economic revolution. This attitude will be particularly important here in Europe.

    On this side of the Atlantic, we are still paying the price for having been too slow to capitalise on the last major digital revolution, the internet. The tech sector explains around two-thirds of the productivity gap between the EU and the United States since the turn of the century.

    And now we are faced with a technology that can improve its own performance through self-learning mechanisms and feedback loops, enabling even more rapid advances and innovations. The risks of underestimating the potential of AI, and falling behind again, are simply too great to be ignored.

    What’s more, we are facing a new geopolitical environment in which we can no longer be sure that we will have frictionless access to new technologies developed overseas. This new reality strengthens the case for Europe to establish itself at the technological frontier.

    There are two main areas where we should expect, and prepare for, major changes in the economy.

    The first is productivity.

    We can already see the productivity effects of AI in sectors like the US tech sector, where output is expanding while employment is falling.[1] But we are still in the early phase of the “productivity J-curve”, where new technologies diffuse to the wider economy and are reflected in GDP.

    As such, estimates about the productivity gains of AI vary widely – but even at the lower end they would be a game changer for Europe.

    One widely accepted methodology estimates that the euro area could see a boost to total factor productivity (TFP) of around 0.3 percentage points per year over the next ten years.[2] Compare that with the past decade, when annual TFP growth averaged just 0.5%.

    Other estimates point to much larger gains, with productivity expected to grow 1.5 percentage points faster annually if AI is widely adopted over the next decade.[3]

    Whether Europe can achieve such productivity gains will depend on whether we can improve the environment for AI innovation and diffusion.

    This comes down to funding, regulation and energy.

    As I have been arguing for some time, Europe’s relatively small venture capital ecosystem is a major hindrance to building foundational models in the EU.[4] Between 2018 and 2023, around €33 billion was invested in AI companies in the EU, compared with more than €120 billion in their US peers.[5]

    Building and developing this technology also requires considerable investment in data centres, and the EU currently has around 4 times fewer dedicated sites than the US.[6]

    At the same time, ECB research finds that regulation and a lack of institutional quality are particularly detrimental to the expansion of high-tech sectors relative to more mature technologies. Investing in radical technologies is highly risky and needs a different set of framework conditions.[7]

    The adoption of AI, for example, depends on access to data pools to train models, which requires smart regulation to avoid data fragmentation while ensuring data protection. It also requires good institutions as, for instance, effective legal systems are needed to defend a non-patentable asset like a set of AI prompts.

    Our research shows that if the EU’s average institutional delivery were raised to the level of best practice, AI-intensive sectors would see their share in investment rise by more than 10 percentage points.[8]

    Finally, unless we see major breakthroughs in efficiency, Europe’s energy supply constraints could pose a challenge to the diffusion of AI through the economy in the future.

    The power consumption of data centres is expected to triple in Europe by the end of the decade.[9] AI training and inference is extremely energy-intensive.[10] And this surge in demand comes at a time when the green transition is also increasing the demand for electricity, for example for charging battery electric vehicles.

    There is now a clear policy agenda in Europe to address these barriers. It is widely recognised that we need to build a savings and investment union to jump-start European venture capital, that we must simplify complex digital regulations and improve permitting speeds, and that we have to massively increase investment in data centres, fibre-optic networks and electricity grids.

    But for Europe to make the most of the AI revolution, how the productivity gains from AI are harnessed also matters. Labour productivity can be increased either by reducing labour inputs relative to outputs, or by raising outputs relative to inputs. The employment implications of each route are vastly different.

    This brings me to the second area of major change: the effect of AI on labour markets.

    According to ECB research, between 23% and 29% of workers in Europe are highly exposed to AI.[11] This does not necessarily herald a “job apocalypse”. It is reasonable to expect that AI will follow historical patterns by displacing some jobs while creating new one.[12]

    But there are two new questions that this technology poses.

    First, will the pace of technological change be faster than in previous transitions? This question is critical for Europe, as our social model and traditionally high levels of job protection make it hard to see how a transition that leads to massive job reallocations could avoid a major backlash.

    The key factor will be whether AI leans more towards job displacement via its “automation potential”, or towards changes in the nature of work via its “augmentation potential”. In the augmentation scenario, workers will still need to adapt to changing roles and tasks, but the transition will likely be easier.

    Recent research by the ILO finds that only a small share of jobs – around 5% in advanced economies – meet the criteria for high automation. But a much larger share – over 13% – meet the criteria for high augmentation.[13]

    The second question is about the distribution of gains.

    Early studies suggested that AI could increase the productivity of lower-skilled workers the most.[14] But newer studies looking at more complex tasks – like scientific research[15], running a business[16]and investing[17]– tell a different story. High performers benefit disproportionately and, in some cases, less productive workers see no improvements at all.

    So even if AI augments more than it automates, we are likely to see an increase in labour market inequality. Demand for higher-skilled workers who can use AI most effectively will rise, while those less able to learn new skills could suffer.

    All told, I do see a path for Europe to adopt AI without fracturing its social model. But it will require massive complementary investments in skills to prevent a rise in inequality.

    Crucially, this will not require everyone to become coders, which would probably set the bar too high. According to the OECD, most workers who will be exposed to AI will not need specialised AI skills to get ahead in their careers.

    In fact, the most sought-after skills in highly exposed jobs will be linked to management and business – skills that many people have the capacity to learn.[18]

    The CEO of Anthropic, Dario Amodei, has described the potential capabilities of AI as being like “a country of geniuses in a data centre”.[19] If this proves to be correct, it is both an awesome prospect for humanity and a daunting one for individual workers.

    I believe we must act today, and especially in Europe, with the mindset that this future will likely come to pass. We must remove all the barriers that will prevent us from being at the forefront of this revolution.

    But we must also prepare for the human and climate impacts of this transition, and we need to start now.

    I trust that this conference will generate the ideas we need to move forwards.

    MIL OSI Europe News –

  • MIL-OSI: Safe Harbor Financial Reports Fourth Quarter and Year-End 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    — Adjusted EBITDA(1)is positive for each of the last 3 years; Adjusted Working Capital(2)is approximately positive $2 million

    — Loan Interest Income increased 82% and 123% year-over-year for the three months and full-year ended December 31, 2024, respectively

    — Revenue for the Q4 2024 increased 5% compared to the Q3 2024, led by a 35% sequential increase in loan interest income

    — Loan Loss Reserve of approximately $1.4 million reserved as a result of a modified Commercial Alliance Agreement (CAA) with Partner Colorado Credit Union (PCCU)

    — Modifications of PCCU Commercial Alliance Agreement and Note enable new CEO Terry Mendez to implement growth strategy offering broader solutions for clients

    GOLDEN, Colo., April 01, 2025 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2024.

    Fourth Quarter 2024 Financial and Operational Summary

    ●   Revenue was approximately $3.7 million, compared to approximately $4.5 million for the fourth quarter of 2023 and $3.5 million for the third quarter of 2024.
    ●   Loan Interest Income increased 82% to approximately $1.8 million from approximately $1.0 million the fourth quarter of 2023.
    ●   Compensation and Employee Benefits expense of approximately $1.4 million declined 32% compared to approximately $2.1 million in 2023.
    ●   General and Administrative Expense of approximately $1.1 million declined 36% from $1.7 million in 2023.
    ●   Adjusted EBITDA(1) was positive at $63,581, compared to $1.3 million in the fourth quarter of 2023(1).
    ●   On October 29, 2024, the Company announced it originated a $1.07 million secured credit facility for a Missouri cannabis operator.
    ●   On December 4, 2024, Safe Harbor, Collective Clean Energy Fund and Partner Colorado announced they are collaborating to fund a $500,000 sustainable upgrade loan for a Denver cannabis facility.
         

    Full-Year 2024 Financial & Operational Summary

    ●   Revenue was approximately $15.2 million, compared to approximately $17.6 million for the full year of 2023.
    ●   Loan Interest Income increased 123% to approximately $6.6 million for the full year of 2024 from approximately $3.0 million for the full year of 2023.
    ●   Operating Expenses decreased to approximately $22.3 million, compared to approximately $38.3 million in 2023.
    ●   Adjusted EBITDA(1) was approximately $2.9 million, compared to approximately $3.6 million for the full year of 2023(1).
    ●   Adjusted Working Capital(2) was approximately $2 million at December 31, 2024
         

    (1) Adjusted EBITDA is a non-GAAP financial metric. A reconciliation of non-GAAP to GAAP measures is included below in this earnings release.
    (2) Adjusted Working Capital is a non-GAAP financial metric. A reconciliation of non-GAAP to GAAP measures is included below in this earnings release.

    Subsequent Operational Highlights

    ●   On December 31, 2024, the Company and PCCU entered into an Amended Commercial Alliance Agreement (the “Amended CAA”), extending the term through December 31, 2028, with automatic two-year renewal periods unless a party provides written notice of non-renewal at least 12 months before the current term expires. In addition, the Amended CAA eliminates the Company’s indemnification obligations for any losses related to any loans it facilitated under the Original Commercial Alliance Agreement or will facilitate in the future.
    ●   On January 16, 2025, the Company announced it had processed over $25 Billion in cannabis-related funds.
    ●   On January 29, 2025, Safe Harbor announced that Terry Mendez joined as Co-CEO, and he became CEO on February 28, 2025, upon the retirement of former CEO Sundie Seefried.
    ●   On February 12, 2025, the Company announced it had originated a $1,500,000 secured credit facility for a Missouri cannabis operator.
    ●   On March 4, 2025, Safe Harbor announced it successfully modified its debt obligation with Partner Colorado Credit Union (the “Amended PCCU Note”), unlocking $6.4 million in cash flow over the next two years.
    ●   On March 20, 2025, the Company announced Mike Regan has joined as Head of Investor Relations and Data Science.
         

    “Throughout 2024, the lending arm of Safe Harbor was a driving force for the Company as our loan interest income was up 82% for the fourth quarter and 123% for the year,” said Terry Mendez, Chief Executive Officer of Safe Harbor Financial. “We continue to be an innovator in this sector as we instituted a new small business line of credit program while also originating several debt and credit facilities at market-competitive terms for numerous clients across the U.S. We were able to do this while remaining diligent in lower overall expenses. While fourth quarter 2024 operating expenses increased 86% compared to the fourth quarter of 2023, operating expenses declined 42% for the full year 2024. Operating expenses adjusted for material non-cash items declined approximately 15% year-over year in the fourth quarter 2024 and 24% for the full-year of 2024.”

    Mendez continued, “Subsequent to the quarter end, the Company surpassed $25 billion in processed cannabis-related funds through our trusted network of partner banks. This is a significant milestone that we achieved on our 10th anniversary and is another proven point that Safe Harbor continues to be a leader in offering compliant banking services to cannabis related businesses. We also originated a $1.5 million secured credit facility with a cannabis operator out of Missouri, further cementing our position as a trusted financial partner to cannabis businesses.

    “Finally, in a redefining transaction for the Company, we successfully modified our debt obligation with Partner Colorado Credit Union. This modification greatly improves our financial stability as we are able to unlock over $6 million in cashflow over the next two years and push the term of the debt obligation out to October 2030. This updated debt deal provides Safe Harbor with the financial flexibility needed to enhance and expand our overall business services as we execute on our business strategy throughout 2025 and beyond.

    “One of the major reasons I joined Safe Harbor is the tremendous opportunity I see to build upon our strong foundation, to evolve from a single compliance solution into a provider of a broad array of services focused on addressing the needs of our clients. I believe that Safe Harbor is well positioned to offer competitive solutions designed to protect, lend, connect and enable the success of our customers and our clients,” concluded Mendez.

    Full Year 2024 Financial Results

    For the year ended December 31, 2024, total revenue was $15.2 million, compared to approximately $17.6 million in the prior year. The decrease in revenue was due to a reduction in deposit activity and onboarding income and was primarily attributable to the decrease in the number of accounts related to the Abaca acquisition, offset by a 123% year-over-year increase in loan interest income. In the full-year ended December 31, 2024, PCCU accounted for $4.6 million of the revenue generated from deposits, activities, and client onboarding. Related to this revenue, the Company recognized $452,371 in account hosting expenses.

    Full-year 2024 operating expenses decreased over 42% to $22.3 million, compared to $38.3 million in the prior year period, which was comprised of the following:

    ●   Compensation and employee benefits expenses decreased 25% due to decrease in stock-based compensation and a lower headcount as compared to previous year. Restructuring efforts will continue as we optimize our talent portfolio.
         
    ●   General and administrative expenses decreased 39% across various categories including: i) $988,412 in investment hosting fees as a result of the decrease in investment income, ii) $900,034 in decreased bank sharing fees due to the decrease in the number of accounts, and iii) $661,776 in decreased amortization and depreciation.
         
    ●   For the year ended December 31, 2024, the Company fully impaired goodwill and finite-lived intangible assets. Goodwill and intangible assets are now fully written down to $0 on the balance sheet.
         
    ●   The professional services expense increased primarily due to higher legal fees related to ongoing litigation.
         
    ●   Credit Loss Expense benefitted from the elimination of the indemnity liability from the Balance Sheet as of December 31, 2024, due to the Amended CAA.
         

    Net loss for full year 2024 was approximately $48.3 million, compared to a net loss of approximately $17.3 million in the prior year period. This includes the impact of approximately $43.9 million non-cash valuation allowance on the deferred tax asset and $9.1 million in non-cash Goodwill and Long-Lived Intangible Asset Impairment expenses.

    As of December 31, 2024, the Company had cash and cash equivalents of $2.3 million, compared to $4.9 million at December 31, 2023.

     
    SHF Holdings, Inc.
    CONSOLIDATED BALANCE SHEETS
                 
        December 31,
    2024
    (Unaudited)    		     December 31,
    2023    		  
                 
    ASSETS                
    Current Assets:                
    Cash and cash equivalents   $ 2,324,647     $ 4,888,769  
    Accounts receivable – trade     134,609       121,875  
    Accounts receivable – related party     968,023       2,095,320  
    Prepaid expenses – current portion     659,536       546,437  
    Accrued interest receivable     16,319       13,780  
    Forward purchase receivable     4,584,221       –  
    Short-term loans receivable, net     13,332       12,391  
    Other current assets     3,000,000       82,657  
    Total Current Assets   $ 11,700,687     $ 7,761,229  
    Long-term loans receivable, net     378,854       381,463  
    Property, plant and equipment, net     3,154       84,220  
    Operating lease right to use assets     703,524       859,861  
    Goodwill     –       6,058,000  
    Intangible assets, net     –       3,721,745  
    Deferred tax asset, net     –       43,829,019  
    Prepaid expenses – long term position     412,500       562,500  
    Forward purchase receivable     –       4,584,221  
    Security deposit     19,568       18,651  
    Total Assets   $ 13,218,287     $ 67,860,909  
                     
    LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY                
    Current Liabilities:                
    Accounts payable   $ 140,723     $ 217,392  
    Accounts payable-related party     75,608       577,315  
    Accrued expenses     1,301,378       1,008,987  
    Contract liabilities     28,335       21,922  
    Lease liabilities – current     161,952       132,546  
    Senior secured promissory note – current portion     255,765       3,006,991  
    Deferred consideration – current portion     3,338,343       2,889,792  
    Forward purchase derivative liability     7,309,580       –  
    Other current liabilities     72,836       41,639  
    Total Current Liabilities   $ 12,684,520     $ 7,896,584  
    Warrant liabilities     1,360,491       4,164,129  
    Deferred consideration – long term portion     –       810,000  
    Forward purchase derivative liability     –       7,309,580  
    Senior secured promissory note—long term portion     10,748,408       11,004,175  
    Net deferred indemnified loan origination fees     –       63,275  
    Lease liabilities – long term     712,882       875,447  
    Indemnity liability     –       1,382,408  
    Total Liabilities   $ 25,506,301     $ 33,505,598  
    Commitment and Contingencies                
    Stockholders’ (Deficit) Equity                
                     
    Convertible preferred stock, $.0001 par value, 1,250,000 shares authorized, 111 and 1,101 shares issued and outstanding on December 31, 2024, and December 31, 2023, respectively     –       –  
    Class A Common Stock, $.0001 par value, 130,000,000 shares authorized, 2,783,667 and 2,728,169 issued and outstanding on December 31, 2024, and December 31, 2023, respectively     278       273  
    Additional paid in capital     108,467,253       105,924,859  
    Retained deficit     (120,755,545 )     (71,569,821 )
    Total Stockholders’ (Deficit) Equity   $ (12,288,014 )   $ 34,355,311  
    Total Liabilities and Stockholders’ (Deficit) Equity   $ 13,218,287     $ 67,860,909  
                     
     
    SHF Holdings, Inc.
    CONSOLIDATED STATEMENTS OF OPERATIONS
           
        For the year ended December 31,  
        2024
    (Unaudited)    		     2023  
    Revenue   $ 15,242,560     $ 17,562,903  
                     
    Operating expenses                
    Compensation and employee benefits     7,783,331       10,334,212  
    General and administrative expenses     4,018,094       6,587,392  
    Professional services     2,518,394       1,858,137  
    Lease expense     258,477       315,615  
    Credit loss (benefit) expense     (1,393,131 )     290,857  
    Impairment of goodwill     6,058,000       13,208,276  
    Impairment of long-lived intangible assets     3,090,881       5,699,463  
    Total operating expenses   $ 22,334,046     $ 38,293,952  
    Operating loss     (7,091,486 )     (20,731,049 )
    Other (income) expenses                
    Interest expense     533,390       1,094,736  
    Change in fair value of warrant liabilities     (2,803,638 )     1,853,920  
    Change in the fair value of deferred consideration     (361,449 )     (4,570,157 )
    Total other (income) expenses   $ (2,631,697 )   $ (1,621,501 )
    Net loss before income tax     (4,459,789 )     (19,109,548 )
    Provision (benefit) for income taxes   $ 43,859,686     $ (1,829,701 )
    Net loss   $ (48,319,475 )   $ (17,279,847 )
    Weighted average shares outstanding, basic     2,772,867       2,128,728  
    Basic net loss per share   $ (17.43 )   $ (8.12 )
    Weighted average shares outstanding, diluted     2,772,867       2,128,728  
    Diluted net loss per share   $ (17.43 )   $ (8.12 )
                     
     
    SHF Holdings, Inc.
    Consolidated Statements of Stockholders’ (Deficit) Equity
     
    FOR THE YEARS ENDED DECEMBER 31, 2024 (UNAUDITED) AND 2023
                                   
        Preferred
    Stock    		     Class A
    Common Stock    		     Additional
    Paid-in    		     Retained     Total
    Shareholders’
    (Deficit)    		  
        Shares     Amount     Shares     Amount     Capital     (Deficit)     Equity  
    Balance, January 01, 2023     14,616     $ 1       1,186,644     $ 119     $ 44,808,286     $ (39,695,281 )   $ 5,113,125  
    Cumulative effect from adoption of CECL     –       –       –       –       –       (581,318 )     (581,318 )
    Issuance of shares to Abaca shareholders     –       –       291,791       29       4,085,047       –       4,085,076  
    Conversion of PIPE Shares     (13,515 )     (1 )     628,110       63       14,013,313       (14,013,375 )     –  
    Restricted stock units     –       –       61,623       6       1,252,037       –       1,252,043  
    Stock compensation cost     –       –       –       –       2,459,324       –       2,459,324  
    PCCU Restructuring     –       –       560,000       56       38,406,352       –       38,406,408  
    Reversal of deferred underwriting cost     –       –       –       –       900,500       –       900,500  
    Net loss     –       –       –       –       –       (17,279,847 )     (17,279,847 )
    Balance, December 31, 2023     1,101     $ –       2,728,168     $ 273     $ 105,924,859     $ (71,569,821 )   $ 34,355,311  
    Issuance of equity for marketing services     –       –       12,117       1       149,999       –       150,000  
    Conversion of PIPE shares     (990 )     –       39,600       4       866,245       (866,249 )     –  
    Restricted stock units     –       –       3,781       –       63,784       –       63,784  
    Stock compensation cost     –       –       –       –       1,462,366       –       1,462,366  
    Net loss     –       –       –       –       –       (48,319,475 )     (48,319,475 )
    Balance, December 31, 2024     111     $ –       2,783,666     $ 278     $ 108,467,253     $ (120,755,545 )   $ (12,288,014 )
                                                             
     
    SHF Holdings, Inc.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
           
        Year ended December 31,  
        2024
    (Unaudited)    		     2023  
    CASH FLOWS FROM OPERATING ACTIVITIES:                
    Net loss   $ (48,319,475 )   $ (17,279,847 )
    Adjustments to reconcile net loss to net cash provided by operating activities:                
    Depreciation and amortization expense     711,929       1,373,707  
    Stock compensation expense     1,575,952       3,739,156  
    Net deferred indemnified loan origination fees     (63,275 )     (45,806 )
    Interest expense     –       663,208  
    Lease expense     23,181       136,097  
    Credit loss (benefit) expense     (1,393,131 )     290,857  
    Impairment of goodwill     6,058,000       13,208,276  
    Impairment of long-lived intangible assets     3,090,881       5,699,463  
    Deferred tax expense (benefit), net     43,859,686       (1,829,701 )
    Marketing expense settled via common stock     100,000       –  
    Change in fair value of warrant liabilities     (2,803,638 )     1,853,920  
    Change in the fair value of deferred consideration     (361,449 )     (4,570,157 )
    Changes in operating assets and liabilities:                
    Accounts receivable – trade     (12,734 )     81,183  
    Accounts receivable – related party     1,127,297       (863,593 )
    Contract assets     –       21,170  
    Prepaid expenses     86,901       (220,852 )
    Other current liabilities     527       –  
    Accrued interest receivable     (2,542 )     (6,460 )
    Deferred underwriting payable     –       (550,000 )
    Other current assets     (2,967,145 )     40,371  
    Accounts payable     (76,672 )     (2,515,442 )
    Accounts payable – related party     (501,709 )     386,660  
    Accrued expenses     292,396       (464,424 )
    Contract liabilities     6,413       20,926  
    Security deposit     (916 )     (856 )
    Net cash provided by (used in) operating activities   $ 430,477     $ (832,144 )
                     
    CASH FLOWS FROM INVESTING ACTIVITIES:                
    Purchase of property and equipment     –       (208,434 )
    Payment to Abaca Shareholder     –       (3,000,000 )
    Loan receivable repayment     12,394       1,027,986  
    Net cash provided by (used in) investing activities   $ 12,394     $ (2,180,448 )
                     
    CASH FLOWS FROM FINANCING ACTIVITIES:                
    Repayment of senior secured promissory note     (3,006,993 )     (488,834 )
    Net cash used in financing activities   $ (3,006,993 )   $ (488,834 )
                     
    Net decrease in cash and cash equivalents     (2,564,122 )     (3,501,426 )
    Cash and cash equivalents – beginning of period     4,888,769       8,390,195  
    Cash and cash equivalents – end of period   $ 2,324,647     $ 4,888,769  
                     
    Supplemental disclosure of cash flow information                
    Interest paid   $ 416,852     $ 450,258  
    Non-cash transactions:                
    Marketing expense settled via common stock   $ 50,000     $ –  
    Shares issued for the settlement of abaca acquisition     –       4,085,076  
    Operating lease right of use assets recognized     –       –  
    Operating lease liabilities recognized     –       –  
    Shares issued for the settlement of PCCU debt obligation     –       38,406,408  
    Cumulative effect from adoption of CECL     –       581,318  
    Reversal of deferred underwriting cost     –       900,500  
    Interest recognized on PCCU settlement     –       639,521  
                     

    Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) and Adjusted EBITDA

    To provide investors with additional information regarding our financial results, we have disclosed EBITDA and Adjusted EBITDA, both of which are non-GAAP financial measures that we calculate as net loss before taxes and depreciation and amortization expense in the case of EBITDA and further adjusted to exclude non-cash, unusual and/or infrequent costs in the case of Adjusted EBITDA. Below we have provided a reconciliation of net loss (the most directly comparable GAAP financial measure) to EBITDA and from EBITDA to Adjusted EBITDA.

    We present EBITDA and Adjusted EBITDA because these metrics are a key measure used by our management to evaluate our operating performance, generate future operating plans, and make strategic decisions regarding the allocation of investment capacity. Accordingly, we believe that EBITDA and Adjusted EBITDA provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management.

    EBITDA and Adjusted EBITDA have limitations as an analytical tool, and it should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are as follows:

    ● although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and both EBITDA and Adjusted EBITDA do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements;

    ● EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, our working capital needs; and

    ● EBITDA and Adjusted EBITDA do not reflect tax payments that may represent a reduction in cash available to us.

    Because of these limitations, you should consider EBITDA and Adjusted EBITDA alongside other financial performance measures, including net loss and our other GAAP results.

    A reconciliation of net loss to non-GAAP EBITDA and Adjusted EBITDA is as follows:

        Year Ended December 31,  
        2024
    (Unaudited)    		     2023  
    Net loss   $ (48,319,475 )   $ (17,279,847 )
    Interest expense     533,390       1,094,736  
    Depreciation and amortization     711,929       1,373,707  
    Provision (benefit) for income taxes     43,859,686       (1,829,701 )
    EBITDA     (3,214,470 )     (16,641,105 )
                     
    Other adjustments –                
    Credit loss (benefit) expense     (1,393,131 )     290,857  
    Change in the fair value of warrants and forward purchase derivatives     (2,803,640 )     1,853,920  
    Change in the fair value of deferred consideration     (361,449 )     (4,570,157 )
    Deferred loan origination fees and costs     (63,275 )     27,271  
    Stock based compensation     1,575,952       3,739,156  
    Goodwill and long-lived intangible assets impairment     9,148,881       18,907,739  
    Adjusted EBITDA   $ 2,888,868     $ 3,607,681  
                     

    Working Capital and Adjusted Working Capital

    While the company reported a net working capital deficit of $983,833 at the end of 2024, this figure includes several non-cash liabilities that do not affect liquidity. After adjusting for these non-cash items and considering the cost of the Amended PCCU Note the adjusted working capital calculation is as follows:

    #   Particulars   Amount  
    A   Net working capital as reported on December 31, 2024   $ (983,833 )
    B   Forward purchase contract, net     2,725,359  
    C   Third anniversary payment consideration     322,000  
    D   Fees paid in 2025 on the Amended PCCU Note     (53,742 )
        Adjusted working capital as of December 31, 2024 (A+B+C+D)   $ 2,009,784  
                 

    About Safe Harbor

    Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past decade, Safe Harbor has facilitated more than $25 billion in deposit transactions for businesses with operations spanning more than 41 states and US territories with regulated cannabis markets. For more information, visit www.shfinancial.org.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain information contained in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S. and state laws, rules, regulations and guidance relating to Safe Harbor’s services; Safe Harbor’s ability to issue loans in the same or similar fashion; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; new product and service offerings Safe Harbor may introduce in the future; the impact volatility in the capital markets, which may adversely affect the price of Safe Harbor’s securities; the outcome of any legal proceedings that may be instituted against Safe Harbor; and other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Safe Harbor’s filings with the U.S. Securities and Exchange Commission. Safe Harbor undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Contact Information

    Mike Regan, Head of Investor Relations and Data Science
    ir@SHFinancial.org

    KCSA Strategic Communications
    Ellen Mellody
    safeharbor@kcsa.com

    The MIL Network –

  • MIL-OSI: TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger

    Source: GlobeNewswire (MIL-OSI)

    SUFFOLK, Va., April 01, 2025 (GLOBE NEWSWIRE) — TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial Corp. and its subsidiary, Village Bank.   The merger enhances TowneBank’s continued and growing presence in the Richmond MSA while providing opportunity for diverse revenue synergies with Towne Financial Services Group and strategic capital deployment. The merger was announced in September 2024 and received overwhelming support at the special meeting of Village shareholders held in December 2024.

    “Our TowneBank family is delighted to have our long-time friends at Village Bank join us,” said G. Robert Aston, Jr., Executive Chairman of TowneBank. “We look forward to welcoming more members across the greater Richmond area and providing enhanced capabilities through the bank and our family of companies.” William I. Foster III, TowneBank President and CEO, added, “We have great respect for the bankers joining us from Village and know that our combined companies will be even stronger together.”

    Following the merger, which was effective on April 1, 2025, the Village Bank locations will operate as “Village Bank, a Division of TowneBank” until June 2025, when the core systems and operations of Village Bank are scheduled to be converted into those of TowneBank. In connection with the merger, Frank E. Jenkins, Jr., a former director of Village, was appointed to the TowneBank board of directors, effective as of April 1, 2025.

    James E. Hendricks, Jr., the former President and Chief Executive Officer of Village, added, “This merger has provided a great opportunity to partner with a strong organization that shares a common commitment to community engagement and preserving neighborhood banking.” Mr. Hendricks was appointed as a Senior Executive Vice President at TowneBank in connection with the merger.

    About TowneBank:

    Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences.

    Today, TowneBank operates over 50 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. TowneBank has grown its capabilities beyond banking to provide expertise through its affiliated companies that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. With total assets of $17.25 billion as of December 31, 2024, TowneBank is one of the largest banks headquartered in Virginia.

    For more information, contact:
    G. Robert Aston, Jr., Executive Chairman, 757-638-6780
    William I. Foster III, Chief Executive Officer, 757-417-6482

    Investor contact:
    William B. Littreal, Chief Financial Officer, 757-638-6813

    The MIL Network –

  • MIL-OSI: FDCTech Reports Over 111% Revenue Growth in Fiscal Year 2024, Driven by Full-Year Contributions from Strategic Acquisitions

    Source: GlobeNewswire (MIL-OSI)

    Robust Revenue Expansion Across All Business Segments – Investment and Brokerage, Wealth Management, and Technology Solution. 

    Irvine, CA, April 01, 2025 (GLOBE NEWSWIRE) — FDCTech, Inc. (“FDC” or the “Company,” PINK: FDCT), a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, today announced audited results for the fiscal year ending December 31, 2024.

    Full Year Highlights: FY 2024 vs. FY 2023

    • Total Revenues: $26.94 million in FY 2024, up from $12.75 million in FY 2023 – an increase of 111.24% due to the consolidation of Alchemy Markets Ltd. (AML) and Alchemy Prime Ltd. (APL) for the full 2024 fiscal year, which contributed significantly to revenue expansion.
    • Net Profit: $80,027 in FY 2024 compared to a net profit of $1.57 million in FY 2023 – a higher profit in FY 2023 was mainly due to non-recurring sales in the third quarter ending December 31, 2023.
    • Gross Profit: $12.04 million in FY 2024, up from $8.88 million in FY 2023 – an increase of 92.73% due to the consolidation of AML and APL for the full 2024 fiscal year, which contributed significantly to the increase in gross profit.
    • Cash Position: $24.78 million as of December 31, 2024.
    • Working Capital Surplus: $9.42 million in FY 2024 compared to $7.46 million in FY 2023, an increase of 21.94%.

    Performance by Segement

    Investment and Brokerage

    • Revenue surged to $18.80 million in FY 2024, compared to $5.02 million in FY 2023 – an increase of 274.86% due to the consolidation of AML and APL for the full 2024 fiscal year, which contributed significantly to revenue expansion.

    Wealth Management

    • Revenue increased to $6.50 million in FY 2024 from $5.93 million in FY 2023 – an increase of 9.63%.

    Technology & Software Development

    • Revenue of $1.64 million in FY 2024 compared to $1.81 million in FY 2023 – a decrease of 9.35% as the Company focused its time and effort on integrating its technology in its subsidiaries.

    Strategic and Operational Highlights

    • Successfully integrated full-year financials from AML and APL following 2023 acquisitions.
    • AML acquired over 2,361 clients from Next Markets and 35 clients from a Cypriot broker, expanding its presence in the EU.
    • AML secured authorization in terms of article 6 of the Investment Services Act, Chapter 370 of the Laws of Malta, to offer equities and money market securities, enabling the Company to provide stocks and interest-yielding products.
    • Launched new offices in Cyprus, Malta, and the UK.
    • Ongoing development of the Condor Investing & Trading App, slated for commercialization in late 2025.

    The management is proud of the transformative growth achieved in the fiscal year 2024. With a strong capital position, scalable platform, pipeline of upcoming acquisitions, and growing international footprint, the Company is well-positioned to deliver sustained value to shareholders and clients alike in the 2025 fiscal year and beyond.

    Please visit our SEC filings or the Company’s website for more information on the full results and management’s plan.

    FDCTech, Inc.

    FDCTech, Inc. (“FDC”) is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages and prop and algo trading firms of all sizes in forex, stocks, commodities, indices, ETFs, precious metals, and other asset classes. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients.

    Press Release Disclaimer

    This press release’s statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

    Contact Media Relations
    FDCTech, Inc.
    info@fdctech.com
    www.fdctech.com
    +1 877-445-6047
    200 Spectrum Center Drive, Suite 300,
    Irvine, CA, 92618

    The MIL Network –

  • MIL-OSI: Compass Diversified Announces Appointment of Matthew Blake as CEO of Arnold Magnetics

    Source: GlobeNewswire (MIL-OSI)

    WESTPORT, Conn., April 01, 2025 (GLOBE NEWSWIRE) — Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market branded consumer and industrial businesses, today announced that Matthew Blake has been named Chief Executive Officer of its subsidiary, Arnold Magnetic Technologies Corporation (“Arnold”), a leading global manufacturer of high-performance electric motors, magnets, and thin metals, effective March 31, 2025. Concurrent with his appointment, Blake will join Arnold’s Board of Directors. After a successful nine-year tenure as CEO, Dan Miller will be concluding his time at Arnold after a planned transition period ending April 30, 2025.

    “On behalf of Compass and Arnold, I want to extend our sincere gratitude to Dan for his dedication and service in building Arnold into the industry leader it is today,” said Elias Sabo, CEO of CODI. “Under his leadership, Arnold has strengthened its position as a leading solutions provider, successfully navigated the COVID-19 pandemic and oversaw the company’s recent plant relocation. We wish him all the best. I also want to welcome Matt to both Arnold and Compass Diversified. With leadership experience spanning multiple facets of industrial manufacturing, I believe he is the ideal choice to lead Arnold in its next phase of growth.”

    Blake brings broad global operations experience across a range of industrial end-markets. He has a track record of driving growth, operational excellence and strategic execution. Most recently, he was the Chief Operations Officer at DwyerOmega, a manufacturer and global provider of precision measurement solutions. Prior to DwyerOmega, he held various leadership roles at Alpha Packaging, Cleaver-Brooks, and ESAB Welding & Cutting Products. Blake holds a Master of Science in Engineering and Global Operations Management from Clarkson University, as well as an MBA from Webster University.

    Ryan Thorp, Chairman of Arnold’s Board of Directors added: “We are extremely grateful for Dan’s stewardship of Arnold in continuing to grow and diversify the business and position it for continued success. I’d also like to welcome Matt to Arnold. Matt possesses a wealth of industrial experience and I am sure he will build on Arnold’s impressive performance.”

    Dan Miller added: “It has been an honor to lead Arnold and work alongside such a talented and committed team. I am incredibly proud of what we have accomplished together and wish the company continued success under Matt’s leadership.”

    “I am excited at the privilege of leading the exceptional team at Arnold and building upon its strong foundation,” said Matthew Blake, incoming CEO of Arnold. “I look forward to driving continued success and creating value for our customers and shareholders.”

    About Compass Diversified (“CODI”)

    Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the branded consumer, industrial, healthcare, and critical outsourced services sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. For more information, please visit compassdiversified.com.

    About Arnold Magnetic Technologies

    Based in Rochester, NY, Arnold serves a variety of markets including aerospace and defense, general industrial, motorsport/automotive, oil and gas, medical, energy, reprographics and advertising specialties. Over the course of more than 125 years, Arnold has successfully evolved and adapted its products, technologies, and manufacturing presence to meet the demands of current and emerging markets. Arnold produces high performance permanent magnets (PMAG), turnkey electric motors (“Ramco”), precision foil products (Precision Thin Metals or “PTM”), and flexible magnets (Flexmag™) that are mission critical in motors, generators, sensors and other systems and components. Arnold has expanded globally and built strong relationships with its customers worldwide.

    Forward Looking Statements

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the expectations related to the future performance of Arnold and CODI. Words such as “believes,” “expects,” “will,” “anticipates,” “intends,” “continue,” “projects,” “potential,” “assuming,” and “future” or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, some of which are not currently known to CODI. In addition to factors previously disclosed in CODI’s reports filed with the SEC, the following factors, among others, could cause actual results to differ materially from forward-looking statements: changes in the economy, financial markets and political environment; risks associated with possible disruption in CODI’s operations or the economy generally due to terrorism, natural disasters, social, civil and political unrest or the COVID-19 pandemic; future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities); and other considerations that may be disclosed from time to time in CODI’s publicly disseminated documents and filings. Further information regarding CODI and its subsidiaries and factors which could affect the forward-looking statements contained herein can be found in CODI’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Forward-looking statements speak only as of the date they are made. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Investor Relations

    Compass Diversified
    irinquiry@compassdiversified.com

    Gateway Group
    Cody Slach
    949.574.3860
    CODI@gateway-grp.com

    Media Relations

    Compass Diversified
    mediainquiry@compassdiversified.com

    The IGB Group
    Leon Berman
    212.477.8438
    lberman@igbir.com

    The MIL Network –

  • MIL-OSI: CEA Industries Inc. Provides Update on Acquisition of Leading Canadian Vape Retailer and Manufacturer, Fat Panda Ltd.

    Source: GlobeNewswire (MIL-OSI)

    Louisville, Colorado, April 01, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), is providing an update on its previously announced acquisition of Fat Panda Ltd. (“Fat Panda”), a leading central Canadian retailer and manufacturer of nicotine vape products.

    Fat Panda is central Canada’s largest retailer and manufacturer of e-cigarettes, vape devices, and e-liquids, with 33 retail locations across Manitoba, Ontario, and Saskatchewan. Fat Panda also operates its own e-commerce platform and offers a comprehensive product lineup, including in-house premium e-liquids and a portfolio of trademarks and intellectual property. Based on preliminary, unaudited financials, in its fiscal 2024, Fat Panda generated CAD $38.5 million (USD $28.5 million) in revenue with 39% gross margins and CAD $8.4 million (USD $6.2 million) in adjusted EBITDA. Both revenue and adjusted EBITDA grew over 10% from fiscal 2023 while gross margin declined by 15% from fiscal 2023.

    “We are making steady progress on our acquisition of Fat Panda and we are excited to finalize this transformative step in our strategic evolution,” said Tony McDonald, Chairman and CEO of CEA Industries. “As a long-time participant in the Canadian market, we view this transaction as a pivotal entry into the high growth vape industry, anchored by Fat Panda’s market leadership, large retail network, vertically integrated operations and outstanding management team that is staying with the business. With a proven track record of strong financial performance and recent double-digit growth, we believe the combination of our resources with Fat Panda’s strong foundation will accelerate expansion and unlock long-term value creation for our shareholders.”

    The Company continues to expect to complete the acquisition in the first half of 2025, subject to certain customary closing conditions described below.

    Acquisition Disclaimers

    Completion of the acquisition is subject to a number of conditions, which include the preparation and delivery of the Fat Panda companies audited and unaudited interim consolidated financial statements, satisfaction of the financial condition of Fat Panda, completion of due diligence by the Company, receipt of all necessary government approvals and licenses, and continuation and reformation of the various retail location leases. Completion is also subject to the Company obtaining satisfactory financing for a portion of the cash purchase price. The acquisition agreement also provides for the selling persons to make representations and warranties and undertake certain covenants about many aspects of the business of Fat Panda that shall be true and correct and performed at or prior to closing. The representations, warranties and covenants are those that are typical in relation to the acquisition of an operating business. The Company has also made certain representations, warranties and covenants, the principal one of which is to obtain financing for a part of the purchase price, which if not obtained will permit the Company to terminate the purchase agreement.

    About CEA Industries Inc.

    CEA Industries Inc. (www.ceaindustries.com) provides a suite of complementary and adjacent offerings to the controlled environment agriculture industry. The Company’s comprehensive solutions, when aligned with industry operators’ product and sales initiatives, support the development of the global ecosystem for indoor cultivation.

    Forward Looking Statements

    This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

    Non-GAAP Financial Measures

    To supplement our financial results on U.S. generally accepted accounting principles (“GAAP”) basis, we use non-GAAP measures including net bookings and backlog, as well as other significant non-cash expenses such as stock-based compensation and depreciation expenses. We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. The presentation of these non-GAAP measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for financial information prepared or presented in accordance with GAAP. We believe these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business.

    Investor Contact:

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    info@ceaindustries.com
    (720) 330-2829

    The MIL Network –

  • MIL-OSI: Vocodia Holdings Corp. Issues CEO Letter and Discusses Outlook for 2025

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., April 01, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI) (“Vocodia”), a leader in AI software development focusing on practical AI applications, announced today that Brian Podolak, Co-founder, Chairman and CEO, has issued a letter to the shareholders of Vocodia Holdings Corp. The full text is as follows:

    To My Fellow Stockholders,

    2024 was our first year as a public company—and the most difficult in our history.

    We faced market headwinds, financial constraints, and operational challenges that tested our team, our technology, and our vision. In September 2024, our stock was delisted from the CBOE and now trades on the OTC Markets. As a public company, this is not where we want to be, but I am a firm believer that with adversity also comes opportunity.

    As we enter 2025, I am optimistic about our company’s future. We have made meaningful progress, laid critical groundwork, and built real technology My focus now is on generating positive momentum, driving disciplined execution, and getting our company back on track—one milestone at a time.

    While our share price has declined, our mission remains strong. And while our access to capital remains tight, our opportunity in artificial intelligence is wide open.

    I want to walk you through where we are, what we have accomplished, and where we are going without sugarcoating anything.

    We have built real technology that solves real problems.

    Call centers are broken. Wait times are too long, quality is inconsistent, and costs are high. Most businesses know this, but they have not found a reliable, scalable way to fix it.

    Vocodia is solving that problem with Digital Intelligent Sales Agents (DISAs)—AI-powered voice bots that can do the work of human call center reps faster, cheaper, and with better results.

    • Our DISAs handle sales, service, and support across dozens of industries. They do not need breaks. They do not need sleep. And they do not complain. But they do sound human, adapt to natural conversations, and follow scripts with perfect recall.

    We have raised capital. We have invested wisely. We have moved fast.

    In 2024, we raised approximately $6 million through our IPO, giving us the runway to accelerate development and expand our sales pipeline. Our executive team personally invested $400,000 in that offering because we believe in what we are building. We are not just leading this company—we are betting on it.

    We are tightening up our operations and expanding our cap table.

    We have made tough decisions to reduce unnecessary spending and streamline our organizational structure. We have scaled back where necessary and doubled down where it matters—product development, platform stability, and customer delivery.

    We are also working closely with Alpine Securities Corporation, whom we engaged in March, to explore strategic pathways for financing, uplisting, and maximizing long-term shareholder value. We believe a more robust capital structure and a more visible market listing are both achievable—and necessary.

    We are earning recognition. And we are telling our story.

    In January, our AI platform was featured in USA Today as a solution to eliminate call center hold times—a powerful validation of our mission and technology. More recently, we formed a joint venture with Traccom Inc. to apply our Narrative AI to event monitoring and logistics—a sign of how flexible and far-reaching our technology can be.

    We are no longer just a tech startup. We are an AI infrastructure company with enterprise-grade tools that solve billion-dollar problems in telecom, retail, utilities, insurance, and more.

    Where do we go from here?

    I will not pretend that the road ahead will be easy. AI is competitive, the market is volatile, capital is still expensive, and we have much to prove.

    But I will say this: we are executing a plan grounded in real revenue, real customers, and real technology. We are not swinging blindly. We are building something with lasting value, and we believe the market will eventually reflect that value.

    Yes, we need to grow, communicate more consistently, and win back the trust of shareholders who have been disappointed by stock performance. And we will.

    The foundation is in place, the platform is scalable, the product is live, and the opportunity is massive.

    Thank you.

    To those of you who have stuck with us through the highs and lows, thank you. Your support means everything. We do not take it for granted, and we work every day to earn it.

    Vocodia’s best days are ahead of us—not behind. Let’s go build something great.

    With respect and determination,

    Brian Podolak

    Co-founder, Chairman & CEO

    Vocodia Holdings Corp.

    About Vocodia Holdings Corp.

    Vocodia is an AI software company that develops practical AI solutions, making them easily accessible for businesses through cloud-based platforms. These solutions are cost-effective and scalable to enterprise levels. Vocodia specializes in conversational AI, providing scalable enterprise-level AI sales and customer service solutions. Their Digital Intelligent Sales Agents (DISAs) are designed to sound and feel human, performing tasks that require human-like conversation, thereby reducing labor costs and enhancing communication effectiveness. For more information, please visit: http://www.vocodia.com

    Forward-Looking Statements

    This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements 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 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. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-269489) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date and undertake no duty to update such information except as required under applicable law.

    Investor Relations Contact: 
    ir@vocodia.com

    The MIL Network –

  • MIL-OSI: High Wire Reports 2024 Continuing Operations Revenue Up 21% to Record $8.38 Million

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., April 01, 2025 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and wholesale telecommunications transport, reported results from continuing operations for the quarter and year ended December 31, 2024. All comparisons are for the same year-ago period unless otherwise noted.

    On June 27, 2024, High Wire announced the sale of its technology services business. The following financial results from continuing operations exclude this divested business and provide only the results from the company’s continuing managed cybersecurity and technology enablement business. GAAP results for the full year 2024 can be found at www.sec.gov in the company’s annual report as filed on Form 10-K.

    2024 Financial Highlights

    • Implemented a virtualized platform at Secure Voice Corp to enhance gross margin performance and scale revenue-generating capacity, achieving profitability and strong cash flow.
    • Achieved sustained year-over-year growth from 2023 to 2024 of 21%, with 2025 on track to continue the upward trajectory.
    • Increased Overwatch monthly recurring revenue (MRR) by 134% over the past six months, reflecting strong market demand and value delivery.
    • Sold the technology enablement services business to a leading provider of technology infrastructure services in an all-cash deal. The sale allows the company to focus on its managed security solutions line of business.

    2024 Managed Cybersecurity Highlights

    • Developed streamlined service bundles and simplified pricing models to empower Channel partners, resulting in a robust deal pipeline, a strengthened backlog, and improved partner alignment.
    • Expanded vendor partnerships to consolidate cost structures and deliver more competitive pricing to the Channel.
    • Continued strategic investments in the Channel ecosystem to unlock untapped market segments and create a sustainable competitive edge for both partners and their customers.

    2024 Operational Highlights

    • In Q3, Overwatch executed a strategic leadership transformation, appointing Ed Vasko, CISSP, as Chief Executive Officer (30+ years in cybersecurity), Mark Dallmeier as Chief Revenue Officer (27 years in revenue growth strategy), Michael Lieder as Senior Director of Service Delivery (10+ years in operational leadership), and Kim Jones, CISM CISSP, as Chief Information Security Officer (38 years in cybersecurity and risk management).
    • Revitalized the sales leadership team and sales motion under new executive guidance to align with enterprise-level growth objectives. Redefined the sales and marketing strategies, rebuilt the team, and repositioned the brand to focus on upmarket opportunities and larger, high-value deals.
    • Redesigned the Service Delivery architecture to streamline operations and lay the foundation for the organization-wide hyperautomation initiative planned for 2025.
    • Launched a new portfolio of professional services to provide added value for partners and their customers, enhancing both revenue potential and customer success.

    2024 Awards

    • Frost & Sullivan ranked High Wire Networks as one of the Top 12 Managed Security Service Providers (MSSPs) in the categories of growth and innovation. The report noted that High Wire is a relatively new market entrant but is growing incredibly fast thanks to its partner-focused strategy, flexibility, and portfolio underpinned by open XDR.
    • Named to CRN MSP 500 list of Nation’s Top IT Managed Service Providers, which recognizes leading MSPs “whose forward-thinking approach to providing managed services is changing the landscape of the IT channel.”
    • Added to CRN 2024 Women of the Channel list, which honors the most “influential women in leadership at some of the country’s most prominent IT integrators, managed service providers, and value-added resellers for their channel advocacy and dedication to helping their customers and technology partners thrive.”

    Management Commentary

    “2024 was a pivotal year for High Wire Networks. The divestiture of our technology enablement services business was a critical strategic move. While we successfully returned that segment to profitability for the first time since COVID-19 severely impacted its revenues, it consumed disproportionate management time and resources and was not cash-efficient. The project-based nature of the business created unpredictable revenue cycles and made it difficult to maintain resource productivity,” stated High Wire Networks CEO Mark Porter.

    “By completing the transaction, we significantly reduced our liabilities, positioning the company for our planned move to a National Exchange. With our Net Shareholder Equity now within striking distance, we are well on our way to achieving that milestone. As reflected in our public filings, this remains a major strategic priority, and one that we believe will be a key driver of future success and long-term shareholder value.”

    “We also rebuilt the Overwatch leadership team from the ground up, assembling what we believe is the strongest cybersecurity leadership team in the country. Their predecessors laid a solid foundation by guiding the business through its startup phase and getting it ready to scale. Now, with proven leaders in place, we’re poised to drive substantial organic growth and aggressively pursue acquisitions of other managed security revenue streams.

    Thanks to our early investments in AI-driven automation, we can scale revenues without significant increases in headcount. That’s a powerful advantage—it will enable us to reach profitability organically while accelerating margin expansion as we grow through acquisition.”

    Porter added, “Secure Voice Corp had an outstanding year and is well-positioned for even greater success in 2025. We expect to see continued improvements in gross margins, which will drive stronger operating income and increased free cash flow from that business unit.”

    “We are moving forward with a relentless pursuit of increasing gross profit and managing costs through AI-driven automation capabilities, creating an unfair advantage for our partners and their clients,” Porter concluded.

    Full Year 2024 Financial Summary (based on results from Continuing Operations)

    Revenue in 2024 totaled $8.4 million, up 21% from $6.9 million in 2023. The increase was primarily due to a substantial increase in revenues from the company’s Overwatch managed cybersecurity recurring revenue.

    Total operating expenses decreased to $16.9 million (which included non-cash expenses of $0.8 million in depreciation and amortization, $1.2 million in goodwill impairment charges and $0.8 million of stock-based compensation as well as additional one-time expenses of $1.0 million), compared to $18.8 million in 2023. The decrease was due to a reduction in goodwill and intangible impairment charges from 2023, as well as cost optimization opportunities, following the Company’s ability to focus its efforts solely on the cybersecurity segment.

    Net income for 2024 totaled $0.4 million, which included $9.7 million in net income from discontinued operations, compared to a net loss of $14.5 million in 2023.

    About High Wire Networks

    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through more than 200 channel partners, it delivers trusted managed services for nearly 1,100 managed security customers. Its end customers include hundreds of Fortune 500 companies and the nation’s largest government agencies.

    The company’s Overwatch by High Wire Networks™ platform offers a range of subscription services for threat prevention, detection, and response, meeting the security and compliance requirements of organizations large and small. The company’s IT enablement services provide the foundation for growing its higher-margin Overwatch business.

    High Wire was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas. It was also recently named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT-managed service providers.

    Learn more at HighWireNetworks.com. Follow the company on Twitter, view its extensive video series on YouTube, or connect on LinkedIn.

    Forward-Looking Statements

    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    Company Contact
    Mark Porter, CEO
    High Wire Networks
    Tel +1 (952) 974-4000

    Media Relations
    Lori Aleman
    Director of Marketing
    High Wire Networks
    Tel +1 (952) 974-4000

    Investor Relations
    Ronald Both or Grant Stude
    CMA Investor Relations
    Tel +1 (949) 432-7557

    The MIL Network –

  • MIL-OSI: Banzai to Host Fourth Quarter and Full Year 2024 Financial Results Conference Call on Tuesday, April 15, 2025 at 5:30 p.m. Eastern Time

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, April 01, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, will hold a conference call on Tuesday, April 15, 2025, at 5:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2024, as well as review ongoing initiatives and anticipated 2025 milestones.

    Banzai Founder & CEO Joe Davey and Interim CFO Alvin Yip will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

    To access the call, please use the following information:

    A replay of the webcast and the presentation utilized during the call will be available in the Company’s investor relations section here.

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai’s product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. 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. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –