NewzIntel.com

Category: Finance

  • MIL-OSI: Issue of Equity – Dividend Reinvestment Scheme

    Source: GlobeNewswire (MIL-OSI)

    FORESIGHT VENTURES VCT PLC
    LEI: 213800R88MRC4Y3OIW86

    14 March 2025
    Issue of Equity
    Dividend Reinvestment Scheme

    The Board announces that on 14 March 2025 235,019 Ordinary Shares of 1p each in the Company were allotted under the Company’s Dividend Reinvestment Scheme at 96.5p per share.

    Application has been made for the admission of the 235,019 Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc’s market for listed securities for admission on or around 17 March 2025.

    Following this allotment of shares the Company now has 106,317,317 Ordinary Shares in issue.

    For further information, please contact:

    Company Secretary
    Foresight Group LLP
    Contact: Stephen Thayer Tel: 0203 667 8100

    Investor Relations
    Foresight Group LLP
    Contact: Andrew James Tel: 0203 667 8181 

    The MIL Network –

  • MIL-OSI USA: Senator Murray, Former NOAA Administrator and WA State NOAA Employees Fired for No Reason Slam Trump & Elon’s Destructive Mass Layoffs at NOAA

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ICYMI: Senator Murray Statement on Mass Layoffs Beginning at NOAA
    WA state NOAA employee fired for no reason by Trump & Elon: “I’m here because I care. I care about the people and communities that are impacted by reduced or closed fisheries that my work supported. I care about the devastating effects a diminished NOAA may have on Washingtonians and Americans across our country… I care because I am a grandpa and a fisherman, and I want to ensure these resources are perpetuated for the generations following me.”
    ***WATCH HERE, DOWNLOAD VIDEO HERE***
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, held a virtual press conference with former National Oceanic and Atmospheric Administration (NOAA) Administrator Dr. Rick Spinrad, and former NOAA employees in Washington state who were recently fired through no fault of their own and with zero justification as part of Trump and Elon Musk’s unprecedented assault on the federal workforce. About 650 NOAA employees have already been dismissed for no reason by Trump and Elon, with another round of job cuts targeting more than 1,000 additional employees expected.
    Joining Senator Murray for today’s press conference were: former NOAA Administrator Dr. Rick Spinrad, Dr. Rebecca Howard, former Research Fish Biologist at the Alaska Fisheries Science Center in Seattle; Dennis Jaszka, former NOAA Investigative Support Technician for Office of Law Enforcement for the Alaska Division based in Seattle; and Mark Baltzell of Olympia, a former Fisheries Management Specialist at the Sustainable Fisheries Division in the Anadromous Harvest Management Branch at NOAA.
    “NOAA scientists play a crucial role protecting our waters, oceans, and our fisheries. The Puget Sound, the Columbia River, they all rely on NOAA. In Washington state, salmon are not just a pillar of our economy—and of the seafood industry that is so prominent in our state—it is also a way of life for our communities, for our tribes, and it’s part of our state identity, So NOAA’s work could not be more important when it comes to that. I think we all know that we can take the weather for granted, we can take our fish and water for granted. But this work is make or break—not just for Washington state, but for our entire country. So, it is beyond alarming to me that right now, Donald Trump and Elon Musk are choosing ‘break’ and taking a wrecking ball to NOAA offices. They are firing public servants they’re firing our experts, they’re closing buildings, like at Port Angeles, and they’re throwing a lot of critical work into jeopardy,” Senator Murray said on today’s press call. “About half of the National Weather Service offices were already understaffed, and then came this hiring freeze and then came the mass firings—and that was just round one. Musk and Trump have already fired 650 NOAA workers—including dozens of people right here in Washington state—with no rhyme or reason, with no clue or concern how it will seriously harm our economy and our communities. And now we are hearing that NOAA intends to lay off another 10 percent of its workforce—that is more than a thousand critical jobs Trump and Elon are putting on the chopping block.”
    NOAA has a major footprint in Washington state, employing over 700 people—and communities across Washington state rely on the agency’s work, from providing storm warnings and weather forecasts to protecting and restoring marine resources that are essential to our state’s economy and culture. Senator Murray has been outspoken in calling attention to how Trump and Elon’s indiscriminate mass layoffs are hurting people across the country and will undermine services Americans everywhere rely on.
    “The firings, facilities closures, and program terminations currently ongoing by this Administration are misguided, ill-informed, often illegal, and just plain stupid actions.  They will also cause great harm. In short, this is ‘All cost, no benefit,’” said Dr. Rick Spinrad, a former NOAA Administrator, who abruptly lost his job because of the Trump administration’s mass firings.
    “Our branch is small but mighty. Our work is responsible for regulatory oversight of salmon and steelhead fisheries occurring in the EEZ off the West Coast, the Columbia River, and Puget Sound. An additional significant portion of our work involves implementing the relevant chapters Pacific Salmon Treaty. The work that my branch conducts enables hundreds of millions in economic activity around salmon fisheries coast-wide,” said Mark Baltzell from Olympia, who worked as a Fisheries Management Specialist at the Sustainable Fisheries Division in the Anadromous Harvest Management Branch, before he was abruptly fired for no reason by Trump and Elon on February 27th and given only 68 minutes to pack his office and leave. “I’m here because I care. I care about the people and communities that are impacted by reduced or closed fisheries that my work supported. I care about the devastating effects a diminished NOAA may have on Washingtonians and Americans across our country. I care about the tens of millions of dollars in Federal Money that is funneled through NOAA for salmon recovery, monitoring, hatchery improvements, and supporting fisheries that is in danger of going away. I care because I was in an Agency loaded with people who care and were devoted because they believed in the science and the mission. I care because I am a grandpa and a fisherman, and I want to ensure these resources are perpetuated for the generations following me. Gutting NOAA and the federal government puts all those things that I care about at risk.”
    “At the Alaska Fisheries Science Center, I was part of the groundfish bottom trawl survey team. This meant I was involved in the work needed to assess Alaska’s populations of shellfish and groundfish, which are fish that live near the seafloor like pollock, cod, and flatfish. These fish make up not only some of the largest and most valuable fisheries in the country, but also the world. The team I was part of was in the midst of preparing for the two bottom trawl surveys that are expected to happen this summer, as they have for the last four decades. We were busy staffing surveys, preparing scientific equipment and software, setting up staff and volunteer trainings, and making sure we have necessary supplies. This requires an immense amount of time and effort, and is done by a team that was very understaffed and stretched thin even before I was fired. Several NOAA employees who were supposed to participate in the survey were fired, including myself, making it even more challenging to find the necessary staff,” said Dr. Rebecca Howard, former Research Fish Biologist at the Alaska Fisheries Science Center in Seattle, who was fired from her dream job with NOAA for no reason by Trump and Elon on February 27. “If more employees from the bottom trawl teams retire or are fired in upcoming reductions in force, the surveys will be extremely difficult to pull off, if not impossible. And, we have recent examples of how important these kinds of data are. In 2020, the Bering Sea bottom trawl survey did not happen due to the Covid-19 pandemic. This led to a missing year of data and critically, missing information on the snow crab population. As many of you know, the snow crab fishery collapsed in 2021 and consequently, we don’t have a good idea of what their population looked like in 2020. We need these types of data to know how many fish and crabs we can catch each year, where those populations are going as the oceans changes, and to keep track of environmental trends. Firing people like me will make it incredibly hard for NOAA Fisheries to fulfill its mission and provide the best available science.”
    “The work I did was essential to Office of Law Enforcement’s efforts to ensure the safety of fisheries observers. While the Alaska Division is spread throughout coastal Alaska, the observer operations staff is mostly located in Seattle. Therefore, one of my main roles was to be the point of contact for enforcement officers. Having an enforcement representative in Seattle is essential to connect people and ensure fisheries observers are familiar with the enforcement arm of NMFS,” said Dennis Jaszka, former NOAA Investigative Support Technician for Office of Law Enforcement for the Alaska Division based in Seattle, who was with NOAA for 26 years before being abruptly fired by Trump and Elon as part of their massive indiscriminate staffing cuts. “The rapport between Alaska Division, the North Pacific Observers, and the Observer support staff is lauded every year as being the gold standard of partnerships between an enforcement division and a scientific division. It was an honor to play such a role in this partnership. But practically speaking, having someone in that position who is familiar with both observer and enforcement operations, is simply the most efficient way to do things. Without a person to represent and connect law enforcement to the observers in Seattle, NMFS loses an opportunity to continue building rapport with observers. Support staff will have no contact with an individual who can answer compliance-related questions. This will result in an excess of complaints being filed. Additionally, the task of reviewing, vetting, and sending documents falls on others who already have a high workload. The whole point of my job was to streamline and educate people in a very proactive way.”
    Senator Murray’s full remarks from today’s press conference are below and video is HERE:
    “Thank you all for joining me to talk about something people actually rely on every day, they take for granted, and they may not even know the name of—and that is NOAA. NOAA does work that is crucial to our safety, to our economy, and to our everyday lives.
    “People all across the state of Washington count on the National Weather Service, which is at NOAA, when you watch the weather forecast on the news and decide whether it’s a great week for hiking or you check the weather app on your phone and grab your umbrella in Seattle—you are relying on NOAA.
    “Farmers in Yakima Valley rely on NOAA for seasonal outlooks for crop advice—which means our groceries actually rely on it too. When pilots take off from Sea-Tac airport, or boats head out from our ports, they are consulting NOAA data to prepare for a safe journey.
    “When there is a dangerous storm coming, a blizzard, or flooding, or a tsunami, or high winds, local officials and disaster experts use NOAA’s data to help issue public safety guidance, to protect property, and most importantly—to save lives.
    “NOAA is also tracking data that is crucial to understanding climate change and showing us how serious this threat is. When we warn that 2024 was the hottest year on record—it’s NOAA that tracks that data so you can know that and people can raise the alarm.
    “NOAA scientists also play a crucial role protecting our waters, oceans, and our fisheries. The Puget Sound, the Columbia River, they all rely on NOAA. In Washington state, salmon are not just a pillar of our economy—and of the seafood industry that is so prominent in our state—it is also a way of life for our communities, for our tribes, and it’s part of our state identity—so NOAA’s work could not be more important when it comes to that.
    “I think we all know that we can take the weather for granted, we can take our fish and water for granted. But this work is make or break—not just for Washington state, but for our entire country. So, it is beyond alarming to me that right now, Donald Trump and Elon Musk are choosing ‘break’ and taking a wrecking ball to NOAA offices.
    “They are firing public servants they’re firing our experts, they’re closing buildings, like at Port Angeles, and they’re throwing a lot of critical work into jeopardy.
    “About half of the National Weather Service offices were already understaffed, and then came this hiring freeze and then came the mass firings—and that was just round one.
    “Musk and Trump have already fired 650 NOAA workers—including dozens of people right here in Washington state—with no rhyme or reason, with no clue or concern how it will seriously harm our economy and our communities.
    “And now we are hearing that NOAA intends to lay off another 10 percent of its workforce—that is more than a thousand critical jobs Trump and Elon are putting on the chopping block.
    “Meanwhile—the problems this has already caused are already mounting. NOAA has already had to stop releasing weather balloons due to some staff shortages.
    “Here in Washington state, I have heard from fired NOAA employees who worked to support Tribal fish and infrastructure projects, another was an engineering technician who worked to make sure that our radar locations and our forecast offices could produce the data that we all need. Others were fired that worked to educate the public about our coast at the Olympic Coast National Marine Sanctuary in Port Angeles—gone.
    “A NOAA employee of the year—someone who helped divert orcas from an oil spill off San Juan Island a few years ago—was fired as a result of the fact that she had been promoted in the last year.
    “And that is just the tip of the iceberg Trump and Musk are steering us into, as you will hear from the people on this call, who did really important work for our country only to have the rug pulled out from under them by a couple of billionaires without a clue. 
    “So, I want to again say personally thank you to each one of you. I am really grateful to your years of public service, what you have done for all of us, and I so appreciate you coming here today.
    “I know you’re all dealing with personal things as well as a result of being laid off—but I appreciate you coming here today to send one more forecast. And that is a forecast that warns a dark cloud is coming if Trump and Musk don’t reverse this course and reverse the unthinkable damage they are doing to NOAA.”

    MIL OSI USA News –

  • MIL-OSI USA: ICE arrests former Cuban intelligence officer for allegedly obtaining legal status through fraudulent means

    Source: US Immigration and Customs Enforcement

    March 14, 2025Miami, FL, United StatesDocument and Benefit Fraud

    MIAMI – U.S. Immigration and Customs Enforcement, with the FBI, administratively arrested a Cuban national who allegedly gained Legal Permanent Resident status through fraudulent means.

    Tomas Emilio Hernandez Cruz, 71, from West Park was arrested at his residence after an investigation into fraudulent claims he made on his immigration application. In September 2023, ICE Homeland Security Investigations Document and Benefit Fraud Task Force alongside FBI Miami Division, initiated an investigation regarding inconsistencies in Hernandez Cruz’s immigration application that warranted further investigation.

    During the course of the investigation, it was determined that Hernandez Cruz was a member of Cuban intelligence at various high-level posts overseas. Hernandez Cruz knowingly and willfully withheld his true position and profession within the Cuban Communist Party to deliberately deceive U.S. authorities when he applied for and obtained his LPR status.

    Hernandez Cruz was arrested, processed and is currently in ICE custody pending removal proceedings.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    For more news and information on HSI efforts to enforce our nation’s immigration laws follow us on X at @HSI_Miami.

    MIL OSI USA News –

  • MIL-OSI: CLIK Announces Strategic Acquisition of Leading Nursing Care Competitor, Expanding Market Presence and Talent Pool

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, March 14, 2025 (GLOBE NEWSWIRE) — Today, Click Holdings Limited (NASDAQ: CLIK) (“Click” or the “Company” or “we” or “our”), a provider of human resources (“HR”) solutions in Hong Kong specializing in Seniors Nursing Care, Logistics, and Professional HR services, today announced the 25% acquisition of a prominent nursing care competitor. The acquired company, which has over 10-year experience in serving Hong Kong seniors and maintains a talent pool of over 9,000 nursing personnel, significantly strengthens Click’s position in the healthcare HR sector.

    This strategic acquisition aligns with Click’s mission to enhance workforce solutions and bridge the growing demand for skilled nursing professionals. By integrating the acquired company’s extensive talent pool with Click’s existing database of over 11,000 registered personnel, Click will be able to provide a more robust and comprehensive HR solution for healthcare institutions and clients across Hong Kong and beyond.

    “This acquisition marks a transformative milestone for Click as we continue to expand our footprint in the nursing care HR sector,” said Mr. Chan, CEO of Click. “By combining our expertise, technology-driven approach, and an enlarged talent pool, we are poised to meet the increasing demand for high-quality nursing professionals. This move also reinforces our commitment to delivering innovative and reliable workforce solutions to our clients.”

    The acquisition is expected to generate significant synergies, optimizing operational efficiencies, and expanding service offerings. With the combined talent pool exceeding 19,000 registered personnel, Click will strengthen its ability to support healthcare providers with a larger, highly skilled workforce. Additionally, the acquisition will enable Click to further expand its market share in Home Seniors Nursing Services, aligning with its strategic vision of developing ‘Smart Home Nursing Solutions for Seniors.’

    With this strategic move, Click continues its growth trajectory and commitment to providing top-tier HR solutions across multiple industries. Further details regarding integration plans and long-term strategies will be announced in the coming months.

    About Click Holdings Limited

    We are a fast-growing human resources solutions provider based in Hong Kong, aiming to match our client’s human resources shortfall through our proprietary AI-empowered talent pool by one “click”. Our key businesses primarily include nursing solution (mainly seniors) services, logistics solution services and professional solution services.

    For more information, please visit https://clicksc.com.hk.

    Safe Harbor Statement

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

    For enquiry, please contact:

    Click Holdings Limited
    Unit 709, 7/F., Ocean Centre
    5 Canton Road
    Tsim Sha Tsui, Kowloon
    Hong Kong
    Email: jack.wong@jfy.hk
    Phone: +852 2691 8200

    The MIL Network –

  • MIL-OSI: OBSI 2024 Annual Report Released

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 14, 2025 (GLOBE NEWSWIRE) — The Ombudsman for Banking Services and Investments (OBSI) released its 2024 Annual Report.

    In 2024, OBSI responded to 16,420 public inquiries – a 5% decrease from the record levels reached in 2023. OBSI opened 3,202 investigations in 2024, compared to last year’s record high of 3,050, representing a 5% year-over-year increase.

    “2024 was a pivotal and exciting year for OBSI,” said Sarah Bradley, Ombudsman and CEO, OBSI. “During the year, we responded to the highest ever levels of consumer demand for our services and we successfully prepared for our newly expanded role as the single ombudsman for banking in Canada.”

    Banking cases reached a new record high in 2024, increasing 7% year over year to 2,553, up from 2,388 cases in 2023. Investment cases decreased 2% year over year to 649, down from a record high of 662 cases in 2023.

    Banking case highlights

    In 2024, fraud continued to be the leading issue for consumer banking complaints, representing 38% of banking cases. Fraud investigations increased 2% year over year to 966 cases, up from 950 cases in 2023. Significant issues also included consumer complaints about service issues, representing 21% of all banking cases and a significant year-over-year increase. Cases related to credit card chargebacks made up 7% of all banking cases, while complaints related to product information disclosure or misrepresentation increased significantly year over year and represented 6% of all banking cases.

    The top banking product concerns focused on credit cards, e-transfers, and personal savings and chequing accounts. In 2024, we opened:

    • 756 credit card complaints, making up 30% of banking cases.
    • 607 e-transfer complaints, representing 24% of banking cases.
    • 305 personal saving and chequing complaints, accounting for 12% of banking cases.

    Investment case highlights

    Service issues and investment suitability were the leading issues for investors in 2024, with 110 cases opened each, representing 17% of investment cases respectively. Service issues increased 7% year over year, while suitability cases decreased 38% from last year. There were 93 cases related to fraud, representing 14% of all investment cases opened, a 5% decrease year over year. Notably, cases related to fee disclosure issues increased 76% from last year to 74 cases, accounting for 11% of investment cases.

    Common shares were the most complained-about investment product in 2024, with 231 cases opened representing 36% of all investment complaints, up from 27% in 2023. Mutual fund cases decreased 34% year over year to 197 cases, representing 30% of investment cases. Crypto assets remained the third most common product for complaints for investors this year, decreasing 11% to 89 cases, down from 100 cases in 2023.

    Low settlements at OBSI

    For the first time, the annual report includes aggregate data related to low settlements. OBSI’s recommendations are not binding, meaning that firms do not have to follow them. Over many years, we have seen that this can lead to firms offering less than what we recommend as fair in all the circumstances of the case, and consumers accepting these offers because they have no other options.

    In the period from 2019 to 2023, there were no banking cases with settlements below the amount we recommended and there were 33 investment cases with settlements below our recommended amount. In total, these 33 consumers received $1,147,470 less than we recommended.

    In our review of low settlements data we observed that low settlements are more likely as the value of our recommendations increases. While almost no consumers with recommendations under $10,000 experienced a low settlement, in cases with recommendations of over $100,000, half of consumers settled for less than we recommended, and these consumers received nearly 44% less than we recommended on average.

    In 2024, there were four banking cases with settlements below our recommended amount, although all were relatively low value. We saw improvement in the number of investment cases experiencing low settlements in 2024, with just two cases settling below our recommended amount. However, those two consumers received $289,268 less than we recommended as fair.

    Systemic issues and disclosures to regulators

    In 2024, OBSI continued its practice of communicating regularly with financial services regulators about systemic issues and issues affecting multiple consumers. During the year, a range of topics were reported and discussed at meetings with regulators that included:

    • Detailed aggregate data including:
      • Products, issues and outcomes details and trends
      • Specific (anonymized) case outcomes and summaries
      • Additional information relating to cases involving low settlements
    • Cryptocurrency fraud
    • Banking fraud
    • Information relevant to the effective transition to the single ECB framework for Canadian banks
    • CSA work towards development of a binding authority framework
    • Claims management company activity in Canada
    • Investment fund risk rating practices
    • OBSI’s loss calculation methodology

    In 2024, OBSI reported two specific systemic issues to regulators related to banking. The first report related to cases involving fraud, particularly e-transfer fraud and other digital fraud, impacting an unprecedented number of Canadian consumers. The second report related to the impact of a specific firm’s account opening policies and procedures on a class of vulnerable consumers.

    Canada’s Ombudsman for Banking Services and Investments (OBSI) is a national, independent, not-for-profit organization that helps resolve and reduce disputes between consumers and financial services firms in both official languages. OBSI is responsive to consumer inquiries, conducts fair and accessible investigations of unresolved disputes, and shares its knowledge and expertise with all stakeholders and the public. If a consumer has a complaint against an OBSI participating bank or investment firm that they are not able to resolve with the bank or firm, OBSI will investigate at no cost to the consumer. Where a complaint has merit, OBSI may recommend compensation up to a maximum of $350,000.

    For more information, please contact:
    Mark Wright, Director, Communications and Stakeholder Relations
    416-287-2877 ext.2225
    publicaffairs@obsi.ca

    The MIL Network –

  • MIL-OSI USA: North Country Winners of DRI and NY Forward Announced

    Source: US State of New York

    overnor Kathy Hochul today announced that the Village of Malone will receive $10 million in funding as the North Country winner of the eighth round of the Downtown Revitalization Initiative, and the Hamlet of Keeseville and the Village of Gouverneur will each receive $4.5 million as the North Country winners of the third round of NY Forward. For Round 8 of the Downtown Revitalization Initiative and Round 3 of the NY Forward Program, each of the State’s 10 economic development regions are being awarded $10 million from each program, to make for a total state commitment of $200 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.

    “My goal for New York is to help transform downtown areas across the state into vibrant, thriving hubs. This funding will support new housing, attract businesses, and create public spaces that enhance quality of life,” Governor Hochul said. “By revitalizing these communities, we are strengthening local economies, creating more opportunities for growth, and ensuring a brighter, more sustainable future for the North Country.”

    To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul’s Pro-Housing Communities Program — an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 287 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $100 million in funding to cover infrastructure projects necessary to create new housing in Pro-Housing Communities, and a further $10.5 million for technical assistance to help communities seeking to foster housing growth.

    Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing — 1,823 of which are affordable or workforce housing. The programs committed over $8.5 million to 11 projects that provide affordable or free child care and child care worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.

    $10 Million Downtown Revitalization Initiative Award for Malone

    The Village of Malone’s downtown sits at the heart of a commercial district that is listed on both the State and the National Registers of Historic Places, with a built environment boasting a timeless charm that embodies all the nostalgic elements of Main Street America. Wide cobbled sidewalks are flanked by welcoming storefronts tucked neatly under second and third stories articulated with unique prewar detailing. The downtown also includes Arsenal Green Park, Veteran’s Memorial Park, Mill Park, and the Salmon River riparian corridor, providing natural elements and public spaces that complement the commercial activity of Main Street. The Village seeks to become a vibrant mixed-use neighborhood that is home to a growing number of residents, prosperous locally owned businesses, strong civic institutions, a thriving cultural scene and accessible outdoor recreation opportunities along the Salmon River.

    $4.5 Million NY Forward Award for Keeseville

    Situated where the Champlain Valley meets the Adirondack mountains and just three miles west of Lake Champlain, the hamlet of Keeseville offers tremendous recreational, commercial and residential opportunities. When Keeseville was founded in the 1800s its commercial and residential activity was closely tied to the Ausable River. The downtown includes a vibrant mixed-use development district framed by two historic bridges and three main streets, which create an accessible, walkable perimeter for residents and visitors to enjoy. It also acts as a bridge between two towns and counties uniting them into a single community. Keeseville’s vision for its future is to revitalize its historic and character-defining assets and to cultivate a vibrant and desirable community where current and future residents can live, work, play and thrive.

    $4.5 Million NY Forward Award for Gouverneur

    The Village of Gouverneur is a charming historic community located along the Oswegatchie River. The Village embodies the feel of community with a beautiful downtown and park area. The Village is home to many festivals and events, including the St. Lawrence County Fair, that entertains residents and attracts visitors from across the region. Gouverneur will capitalize on its historical charm, vibrant and expanding downtown business community, safe, friendly, and walkable environment and its proximity to major regional employers to enhance quality of life, strengthen resilience and increase economic opportunities for both current and future residents. Additionally, Gouverneur aims to attract visitors to experience its rich recreational, cultural and retail assets, positioning the village as a regional destination.

    New York Secretary of State Walter T. Mosley said, “The Downtown Revitalization Initiative and NY Forward programs are making huge impacts in communities all across the State. We’re excited for Malone, Keeseville and Gouverneur to join this ongoing renaissance and experience the benefits of these programs first-hand. Congratulations to these three communities as they begin their new paths toward revitalization!”

    Empire State Development President, CEO and Commissioner Hope Knight said, “Through the DRI and NY Forward programs, these three North Country communities will develop and implement strategic plans that maximize the impact of public funding to create economic growth. Targeted investments in Malone, Keeseville and Gouverneur will generate new developments that encourage more people, visitors and businesses to establish roots, grow and thrive.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Today’s $19 million investment in Malone, Gouverneur and Keeseville will have a transformative impact on these North Country communities by creating opportunities for them to leverage their historic, small-town charm to generate tourism, revitalize local economies, and create more housing. Thank you to Governor Hochul for her continued commitment to life-changing investments that leave no region of our State behind.”

    North Country Regional Economic Development Council Co-Chairs James McKenna and Dr. Kathryn Morris said, “The North Country is home to unparalleled history and culture, and one-of-a-kind natural beauty, and these awards will support new economic development in three regional downtown destinations. DRI and NY Forward funds will help to transform Malone, Keeseville and Gouverneur by adding needed housing and powering projects that will ensure sustainable long-term growth.”

    Assemblymember Billy Jones said, “Congratulations to the Village of Malone and Keeseville for being selected for the DRI and New York Forward programs! This funding will help revitalize these communities, preserve their historic charm, and improve the quality of life for current and future residents. I have been a strong supporter of these projects since their inception and throughout the process and I want to congratulate the local officials who made this possible by working with Empire State Development. It is great to see these programs make a difference in the North Country and I look forward to seeing what the future has in store for Malone and Keeseville.”

    Assemblymember Ken Blankenbush said, “Gouverneur is a true treasure to the 117th Assembly District. I always like to see NYS invest in our rural villages. When you invest in downtowns you invest in small businesses and residents. I am always in support of that.”

    Village of Gouverneur Mayor Ron McDougall said, “On behalf of the Village of Gouverneur, I would like to thank Governor Hochul for this opportunity. This NY Forward Grant will be such a benefit to our community and we look forward to revitalizing our downtown.”

    Village of Malone Mayor Andrea Dumas said, “On behalf of the Village of Malone, we want to express our sincere gratitude for the announcement of the $10 million DRI grant award. This investment represents a significant moment for our community and reflects the cooperative spirit of our residents, business community, and local organizations that supported our application. Having applied in Round 7 and not giving up, this victory proves that persistence does pay off! We extend our sincerest thanks to the Regional Economic Development Council for having faith in Malone’s potential and moving our vision of a revitalized downtown forward. This funding will leverage meaningful projects that create new economic opportunities and enhance community engagement. This award isn’t just financial support—it’s a vote of confidence in Malone’s future, and we’re committed to making every dollar count for generations to come!”

    Chesterfield Town Supervisor Clayton Barber said, “I’m so very excited to hear that our community was selected to receive a NY Forward grant. This will allow us the opportunity to upgrade our sidewalks, make beautification improvements and attract more businesses and tourists to the downtown area. We also have plans to light up our downtown park and add a new walkway. The Town of Chesterfield is looking forward to working with the Town of Ausable on projects to enhance our two towns. Thanks to our NY Forward committee for all their hard work.”

    Ausable Town Supervisor Tim Bresett said, “I am deeply grateful and thrilled that Keeseville has been awarded a NY Forward grant, a testament to the incredible collaboration between the towns of AuSable and Chesterfield. This achievement reflects the tireless dedication of the NY FORWARD Committee, whose vision and hard work have paved the way for a brighter, more vibrant future for our community. Together, we’re not just revitalizing Keeseville—we’re celebrating its unique spirit and building a legacy for generations to come. It’s a moment to celebrate and a promise of progress we can all rally behind!”

    Malone, Keeseville and Gouverneur will now begin the process of developing a Strategic Investment Plan to revitalize their downtowns. A Local Planning Committee made up of municipal representatives, community leaders and other stakeholders will lead the effort, supported by a team of private sector experts and state planners. The Strategic Investment Plan will guide the investment of DRI and NY Forward grant funds in revitalization projects that are poised for implementation, will advance the community’s vision for their downtown and that can leverage and expand upon the state’s investment.

    The North Country Regional Economic Development Council conducted a thorough and competitive review process of proposals submitted from communities throughout the region and considered all criteria before recommending these communities as nominees.

    About the Downtown Revitalization Initiative

    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through eight rounds, the DRI will have awarded a total of $900 million to 89 communities across every region of the State.

    About the NY Forward Program

    First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program will have awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

  • MIL-OSI: DNO Completes USD 600 Million Bond Placement

    Source: GlobeNewswire (MIL-OSI)

    14 March 2025 – DNO ASA, the Norwegian oil and gas operator, today completed the private placement of USD 600 million of new five-year senior unsecured bonds with a coupon rate of 8.5 percent. The bond placement met strong investor demand across US, Nordic and international markets and was significantly oversubscribed.

    “With this issue, we extend our flawless record to 20 successful bond placements over the past 24 years, with no waivers, no amendments and certainly no defaults,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “The enthusiastic response reflects this record and the growing diversification of the Company with the transformative acquisition of Sval Energi Group AS announced last week,” he added.

    Settlement is expected on or about 27 March 2025, subject to customary conditions precedent. An application will be made to list the bonds on the Oslo Stock Exchange. Proceeds from the new bond issue will be used to call the USD 350 million outstanding DNO04 bonds (ISIN: NO0011088593) and general corporate purposes.

    DNB Markets, part of DNB Bank ASA, and Pareto Securities AS acted as Global Coordinators and Joint Bookrunners with Clarksons Securities AS, Fearnley Securities AS and SpareBank 1 Markets AS as Co-Lead Managers. AGP Advokater AS acted as legal advisor to the Company.

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen. More information is available at www.dno.no

    –

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    This release does not constitute any offer or solicitation to sell or purchase any securities. 

    The release may not be released, published or distributed in the United States of America or any other jurisdiction where release, publication or distribution would be prohibited or require any registration or filing acts or similar.

    The MIL Network –

  • MIL-OSI USA: Topical steroid withdrawal diagnostic criteria defined by NIH researchers

    Source: US Department of Health and Human Services – 2

    Media Advisory
    Friday, March 14, 2025

    Criteria may help guide treatment of dermatitis.

    What 
    Researchers at the National Institutes of Health (NIH) have determined that dermatitis resulting from topical steroid withdrawal (TSW) is distinct from eczema and is caused by an excess of an essential chemical compound in the body. Scientists from NIH’s National Institute of Allergy and Infectious Diseases (NIAID) identified treatments that could be studied in clinical trials for the condition based on their potential to lower levels of the chemical compound—called nicotinamide adenine dinucleotide (NAD+), a form of vitamin B3. The findings were published today in the Journal of Investigative Dermatology.
    Dermatitis is characterized by inflammation, itching, or burning sensations on the skin, and can result from various conditions including TSW and eczema. Eczema, also known as atopic dermatitis, is a common cause of dermatitis and affects 10 to 30% of children and 2 to 10% of adults each year in the United States. Topical steroids—specifically glucocorticoids or topical corticosteroids—have long been used as a first-line treatment for dermatitis caused by eczema because the drugs are safe, effective, easy to apply, and considered well-tolerated.
    Some people experience dermatitis after using topical steroids for prolonged periods of time and then stopping—a condition called TSW. Diagnosing and treating this condition is difficult because TSW is not well understood. Symptoms include skin redness, burning sensations, skin heat (thermal dysregulation), itching and peeling, which can even occur on parts of the body where topical steroids were not applied. As TSW and eczema have similar symptoms, it has been difficult to distinguish the two disorders.
    To better understand TSW, a team led by scientists in NIAID’s Laboratory of Clinical Immunology and Microbiology evaluated a previous survey that included 1,889 adults with symptoms similar to eczema. By dividing the participants into those with self-reported TSW and those without, the researchers identified characteristics unique to TSW. The researchers then conducted a pilot study including 16 people with symptoms consistent with TSW, 10 people with eczema but no symptoms of TSW, and 11 people without skin disease. They found that people with TSW symptoms had elevated levels of NAD+ in their blood serum and skin, while NAD+ levels were within a typical range in people without TSW symptoms.
    The researchers subsequently used cultured skin cells and a mouse model to mimic TSW conditions. They found that NAD+ was produced in response to topical steroids and caused inflammation. The models suggested that administration of a drug that blocked the formation of NAD+—called a mitochondrial complex I blockade—would improve TSW symptoms. In a pilot study to further assess this treatment strategy, the researchers evaluated subjective responses among study participants who used the mitochondrial complex I-blocking drugs metformin, berberine, or both. After three to five months of use, most participants reported improvement in TSW symptoms.
    The scientists provisionally established criteria that can be used by health care providers to identify TSW in people. People who have stopped topical steroid treatment and meet the criteria may be diagnosed by practitioners as having TSW. The researchers suggest that patients identified as having TSW could be treated using the proposed mitochondrial complex I-blocking drugs.
    The results of this study may help practitioners identify TSW in patients and work towards developing safe and effective treatments. According to the researchers, more research is needed to determine whether all patients with TSW have an excess of NAD+, or if there are other features that define TSW. Additionally, the diagnostic criteria will help health care providers and researchers to better understand the prevalence of TSW and evaluate the effects of using topical steroids.
    Article
    N Shobnam, G Ratley, S Saksena et al. Topical Steroid Withdrawal is a Targetable Excess of Mitochondrial NAD+. Journal of Investigative Dermatology 10.1016/j.jid.2024.11.026 (2025).
    Who 
    Ian Myles, M.D. M.P.H., Principal Investigator, Epithelial Therapeutics Unit in NIAID’s Laboratory of Clinical Immunology and Microbiology is available to discuss this research.
    NIAID conducts and supports research—at NIH, throughout the United States, and worldwide—to study the causes of infectious and immune-mediated diseases, and to develop better means of preventing, diagnosing and treating these illnesses. News releases, fact sheets and other NIAID-related materials are available on the NIAID website.
    About the National Institutes of Health (NIH): NIH, the nation’s medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit www.nih.gov.
    NIH…Turning Discovery Into Health®

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Child exploitation task force seizes 10+ million images, videos in second year, sends stern warning to predators

    Source: US Immigration and Customs Enforcement

    JACKSONVILLE, Fla. – In its second year combatting child exploitation in northeast Florida, the Inter-agency Child Exploitation and Persons Trafficking Task Force continues its relentless pursuit of child predators, warning them that, with the combined strength of multiple agencies and advanced resources, their abhorrent actions will be exposed, even in the darkest corners of the web.

    In 2024, the Northeast Florida INTERCEPT Task Force initiated 1,220 investigations and resolved 728 Cyber Tips from the National Center for Missing and Exploited Children. Investigators seized 122 electronic devices containing over 10 million images and videos, including more than 48,000 identified as child sexual abuse material. As a result, 28 victims were identified, and 66 arrests made, with many cases still active or in various stages of prosecution.

    The INTERCEPT Task Force is a unique coalition of local, state, and federal law enforcement, including U.S. Immigration and Customs Enforcement’s Homeland Security Investigations Jacksonville, Clay County Sheriff’s Office, Putnam County Sheriff’s Office, St. Johns County Sheriff’s Office, Nassau County Sheriff’s Office, Jacksonville Sheriff’s Office, and the Florida Department of Law Enforcement. Together, alongside private sector partners, they adopt a whole-of-government approach and collaborate daily to tackle the complexities on the front lines of child exploitation and human trafficking.

    Partnering with Operation Light Shine and supported by donors like the Tim Tebow Foundation, the task force provides law enforcement with essential tools, funding, and training to combat this modern-day slavery of child exploitation and human trafficking. This collaboration enhances their investigative capabilities with advanced technology and expert resources.

    Since its inception in March 2023, the Northeast Florida INTERCEPT Task Force has become a national model in the fight against child exploitation, committed to holding offenders accountable and rescuing vulnerable victims. With the full backing of HSI and numerous law enforcement and private sector partners, this task force is resolute in its mission to hold offenders accountable and rescue vulnerable victims.

    To report any information about human trafficking, child sexual abuse, or the trafficking in child sexual abuse material immediately to your local sheriff’s office. Those who wish to remain anonymous can report information to the National Center for Missing and Exploited Children through their tip line at (800) 843-5678 or report it to them online at report.cybertip.org.

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General James’ Office of Special Investigation Releases Report on Death of a Civilian in Suffolk County

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James’ Office of Special Investigation (OSI) today released its report on the death of A.S., a minor, who died on September 13, 2023, following a motor vehicle collision involving a member of the Suffolk County Police Department (SCPD) in Suffolk County on September 9, 2023. Following a thorough investigation, which included review and analysis of video footage from a nearby residence, interviews with the involved officer and civilian witnesses, and comprehensive legal analysis, OSI determined that a prosecutor would not be able to prove beyond a reasonable doubt at trial that the involved officer committed a crime, and therefore criminal charges would not be pursued in this matter.

    On the evening of September 9, an SCPD officer was driving southbound on William Floyd Parkway responding to a medical emergency in a marked police vehicle with the emergency lights and siren activated. William Floyd Parkway has four main lanes – two southbound and two northbound – divided by a grass median. The southbound roadway, north of Adobe Drive, has two additional lanes, a left-turn lane and a right-turn lane. The posted speed limit on William Floyd Parkway in the vicinity of Adobe Drive is 30 MPH. As the officer approached the intersection with Adobe Drive/Beacon Street, she maneuvered around a car stopped ahead of her and entered the travel lane to the right of the left-turn lane and proceeded into the intersection through a green traffic light, traveling at a speed over 85 MPH. When the officer entered the intersection, she struck A.S., who was riding his bicycle east from Beacon Street across William Floyd Parkway. A.S. was transported to a local hospital, where he died from his injuries on September 13, 2023.

    Under OSI’s analysis of New York’s Vehicle and Traffic Law, Penal Law, and case law from New York’s highest court, a police officer who causes a death while properly responding to an emergency in a police vehicle cannot be charged with a crime unless the officer acts recklessly or intentionally. The criminal charge that requires recklessness is Manslaughter in the Second Degree, in which a person is guilty when they recklessly cause the death of another person. “Recklessly” means that the person consciously disregards a “substantial and unjustifiable” risk of death and that their actions are a “gross deviation” from a reasonable standard of conduct.

    In this case, while the officer caused A.S.’s death, the evidence does not establish beyond a reasonable doubt that the officer’s conduct was a gross deviation from the standard that would have been observed by a reasonable officer in the same circumstances, or that the officer consciously disregarded a substantial and unjustifiable risk of death. The officer was speeding because she was responding to an emergency. She took precautionary measures by activating her vehicle’s emergency lights and siren, and when the officer saw A.S., she attempted to swerve around him. There was not any evidence that the officer was impaired by drugs or alcohol, or that she was otherwise distracted at the time of the crash. OSI therefore will not pursue charges against the officer.

    Determining the possibility of alcohol impairment is an essential component of investigating vehicular crashes. In this case, the officer was never administered a Portable Breath Test (PBT) after the incident. While there is no evidence that the officer driving the car was impaired by drugs or alcohol, OSI recommends that all precinct supervisors be trained in the administration of PBTs and field sobriety tests so that any on-duty or off-duty police officer, or any civilian, involved in a motor vehicle collision can be tested as close to the time of the collision as practicable to ensure the most accurate results.

    OSI also recommends that SCPD equip all police vehicles with dashboard cameras that automatically record when officers activate the police car’s emergency lights to foster transparency, accountability, and evidence gathering. In this case, the officer’s vehicle was equipped with a dashcam, but the officer did not activate the dashcam when she activated the car’s emergency lights or sirens.  

    MIL OSI USA News –

  • MIL-OSI USA: Long Island DRI and NY Forward Winners Announced

    Source: US State of New York

    overnor Kathy Hochul today announced that Hempstead will receive $10 million in funding as the Long Island winner of the eighth round of the Downtown Revitalization Initiative, and Farmingdale will receive $4.5 million as the Long Island winner of the third round of NY Forward. For Round 8 of the Downtown Revitalization Initiative and Round 3 of the NY Forward Program, each of the State’s 10 economic development regions receive awards from each program, to make for a total State commitment of $200 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.

    “Long Island’s downtowns are more than hubs for business, they’re the infrastructure that inspires people to build a better world around them,” Governor Hochul said. “By investing nearly $15 million in revitalizing Hempstead and Farmingdale, we’re creating stronger communities that honor their history and possibility — paving a path for generations of Long Islanders to experience all they have to offer.”

    To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul’s Pro-Housing Communities Program — an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 287 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $100 million in funding to cover infrastructure projects necessary to create new housing in Pro-Housing Communities, and a further $10 million to technical assistance to help communities seeking to foster housing growth and associated municipal development.

    Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing — 1,823 of which are affordable or workforce. The programs committed over $8.5 million to 11 projects that provide affordable or free child care and child care worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.

    $10 Million Downtown Revitalization Initiative Award for the Village of Hempstead
    Hempstead’s Main Street is the social, retail and civic heart of the community, serving as a key destination for the Village, Town and County. Its strategic location offers walkable access to essential transit services, commercial corridors and cultural institutions, including restaurants, Denton Green and the Nassau County African American Museum. Signature buildings with distinctive facades line the street, adding to its character and enhancing its unique visual identity. With a vibrant mix of arts, culture and retail, Hempstead seeks to transform its Main Street into a thriving hub of activity, community and commerce. Specific community goals include creating a broad mix of housing opportunities, increasing business and service offerings, enhancing cultural arts and fostering recreation and entertainment.

    $4.5 Million NY Forward Award for the Village of Farmingdale
    The Village of Farmingdale’s downtown is a compact area mixed with small parcels and dense building coverage, mixed land uses and charming architecture. It is situated among some of the most popular tourist destinations in New York State. Due to the Village’s characteristics, Farmingdale is focusing on projects that will yield dramatic and positive effects, thereby advancing an active downtown with a strong sense of place. The Village seeks to attract new businesses, encourage a diverse population, improve downtown living and quality of life and enhance the pedestrian walkability and cyclability of the downtown.

    New York Secretary of State Walter T. Mosley said, “Residents and visitors of Long Island have witnessed first-hand how impactful the Downtown Revitalization Initiative and NY Forward programs have been for countless communities and the entire region. Now, the Villages of Hempstead and Farmingdale will receive this critical funding that will help to jumpstart their downtowns and join in on the wave of revitalization that is sweeping our state. Congratulations to both of these communities, and we look forward to working with you throughout this process!”

    Empire State Development President, CEO and Commissioner Hope Knight said, “The Downtown Revitalization Initiative and NY Forward programs continue to be transformative forces for communities across Long Island. With these strategic investments in Hempstead and Farmingdale, New York State is supporting locally-driven solutions that will create vibrant, walkable downtowns while expanding housing opportunities and strengthening local economies. These projects demonstrate the State’s commitment to building sustainable, prosperous communities that attract both residents and businesses.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Today’s $14.5 million in transformative NY Forward and the Downtown Revitalization Initiative investments demonstrate Governor Hochul’s continued commitment to rewarding communities that are serious about expanding housing and economic opportunities for current and future residents. As two of the 287 current participants in the Governor’s Pro-Housing Communities program, Farmingdale and Hempstead have unlocked access to today’s funding that will enrich their neighborhoods and grow the housing supply through targeted investment. We thank these communities for their commitment to improving housing supply and congratulate them on today’s awards.”

    LIREDC Co-Chairs Linda Armyn, President & CEO at Bethpage Federal Credit Union and Dr. Kimberly R. Cline, President of Long Island University, said, “Hempstead and Farmingdale presented compelling visions for their downtown corridors that will create new opportunities for housing, business growth, and community engagement. The Village of Hempstead’s focus on enhancing its historic Main Street while expanding housing and cultural amenities, coupled with Farmingdale’s plans to strengthen its walkable downtown core, exemplify the kind of forward-thinking development that will benefit Long Island for generations to come. We look forward to working with both communities as they implement their strategic investment plans.”

    State Senator Siela Bynoe said, “This Downtown Revitalization Initiative grant will provide much-deserved investment to the Village of Hempstead. As we’ve seen in Westbury Village, this grant will have a transformational impact on Hempstead’s downtown by improving walkability, and creating opportunities through investment in the Village’s commercial downtown. In Westbury Village, the Downtown Revitalization Initiative provided a blueprint for innovation to address our housing and infrastructure needs, and it is exciting to see Hempstead have this same opportunity. I’d like to thank the Governor and the Long Island Regional Economic Development Council for their commitment to helping to empower our communities.”

    Assemblymember Noah Burroughs said, “I’m pleased to hear that finally the Village Of Hempstead is being recognized as the great hub in Nassau County as well as Long Island. Today I was notified that the Village of Hempstead has been awarded the downtown revitalization initiative. I would like to thank Governor Hochul for seeing the vision we have in the 18th assembly district. This brings us one step closer to having a downtown that the residents could be proud to visit, shop, dine and enjoy on a daily basis.”

    Village of Hempstead Mayor Waylyn Hobbs said, “Hempstead is a proud, hardworking community, and this $10 million investment will go a long way in making our downtown a place where families, businesses, and visitors can thrive. We’re incredibly grateful to Governor Hochul for believing in Hempstead and for giving us the tools to build a stronger, more vibrant future. This funding means more opportunities for local businesses, more housing for our residents, and a downtown that truly reflects the energy and diversity of our village. We’re excited to get to work and make this vision a reality.”

    Village of Farmingdale Mayor Ralph Ekstrand said, “On behalf of Myself and the Board of Trustees, all Farmingdale Village Residents, Our Merchants & Local Community; we are thrilled to have won a $4.5 million grant for a Performing Arts Center! Thank you to New York State! We are so fortunate and thankful for the incredible efforts of all involved who helped secure the grant, it’s truly spectacular news for our community! As everyone knows, Farmingdale Village has been going through an incredible Revitalization and has become a downtown destination. Our (BID) Business Improvement District was formed in 2021, and shortly thereafter; our Downtown was designated as “the Culinary Quarter Mile”. Farmingdale Village was also voted Best LI Downtown 2025 – in the Four Leaf (Formerly BFCU), Annual contest, the last 10 out of 11 years! In the Village; we all work as a team; and there are also many Music Fests (“Music on Main, etc..); Art Shows and basically Culture Everywhere! But the one desire was always for a Cultural Arts Center! So this is the Icing on the Cake; the Farmingdale Village Cake! We are beyond thrilled and our community will be dancing in the street! (Literally!) Thank You!”

    Nassau County Legislator Scott Davis said, “Thank you, Governor Hochul, for selecting the Village of Hempstead as a recipient of the 2025 Downtown Revitalization Program Award in the amount of $10,000,000. These funds will provide much needed assistance in helping to make the vision of a vibrant downtown become a reality. I look forward to seeing the village continue on the path toward a promising future for residents and a destination for visitors.”

    Hempstead and Farmingdale will now begin the process of developing a Strategic Investment Plan to revitalize their downtowns. A Local Planning Committee made up of municipal representatives, community leaders and other stakeholders will lead the effort, supported by a team of private sector experts and state planners. The Strategic Investment Plan will guide the investment of DRI and NY Forward grant funds in revitalization projects that are poised for implementation, will advance the community’s vision for their downtown and that can leverage and expand upon the State’s investment.

    The Long Island Regional Economic Development Council conducted a thorough and competitive review process of proposals submitted from communities throughout the region and considered all criteria before recommending these communities as nominees.

    About the Downtown Revitalization Initiative
    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through eight rounds, the DRI will have awarded a total of $900 million to 89 communities across every region of the State.

    About the NY Forward Program
    First announced as part of the FY22 Enacted Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program will have awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

  • MIL-OSI: Diversified Energy Completes Maverick Acquisition

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, Ala., March 14, 2025 (GLOBE NEWSWIRE) — Further to the announcements on January 27, 2025 and February 20, 2025, Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the completion of its previously announced acquisition of Maverick Natural Resources (the “Acquisition”).

    Issue of shares

    In connection with the Acquisition and following the overwhelming approving by the shareholders of the Company at the general meeting on March 10, 2025, the Company has allotted and issued 21,194,213 new ordinary shares in the capital of the Company (the “Consideration Shares”). The Consideration Shares will be listed on the New York Stock Exchange and will rank pari passu in all respects with Diversified’s existing ordinary shares of £0.20 nominal value each.

    Applications have been made to (i) the Financial Conduct Authority (the “FCA”) for admission of the Consideration Shares to listing on the equity shares (commercial companies) category of the Official List; and (ii) London Stock Exchange plc for admission of the Consideration Shares to trading on its main market for listed securities (together, “Admission“). It is expected that Admission will occur at 8.00 a.m. (London time) on 17 March 2025.

    Governance and Leadership

    Following the closing of the Acquisition, Rick Gideon, Chief Executive Officer (CEO) of Maverick Natural Resources will become the Chief Operating Officer (COO) of the Company effective March 18th, 2025.

    Other than as set out above, there has been no material change affecting any matter relating to the Acquisition contained in the announcements released by Diversified on January 27, 2025 and February 20, 2025.

    Total voting rights

    For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, the total number of ordinary shares of £0.20 each in the capital of the Company in issue as at March 14, 2025 is 80,990,155 with each ordinary share carrying the right to one vote. There are no ordinary shares held in treasury and therefore the total number of voting rights as at in the Company as at March 14, 2025 is 80,990,155.

    The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

    Citi served as financial and transaction advisor to Diversified. KeyBanc Capital Markets, Truist and Stifel served as additional advisors to Diversified. Gibson, Dunn & Crutcher LLP and Latham & Watkins (London) LLP served as legal advisor to Diversified on the Acquisition. Jefferies Securities served as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Maverick and EIG.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications  
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified
    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Forward-Looking Statements

    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). These forward-looking statements reflect the Company’s beliefs and expectations and are subject to risks and uncertainties. These risks and uncertainties may relate to factors that are beyond the Company’s ability to control or estimate precisely, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (“SEC”) and the risk factors described in Exhibit 99.2 to the Company’s Form 6-K furnished with the SEC on January 27, 2025. Forward-looking statements speak only as of their date and neither the Company nor any of its directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. As a result, you are cautioned not to place undue reliance on such forward-looking statements.

    The MIL Network –

  • MIL-OSI: SAIC Board of Directors Declares Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., March 14, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) announced today that the company’s board of directors declared a cash dividend of $0.37 per share of the company’s common stock payable on April 25, 2025 to stockholders of record on April 11, 2025.

    SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financial condition, capital requirements and other factors.

    About SAIC

    SAIC is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

    We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion.​​​​ For more information, visit saic.com. For ongoing news, please visit our newsroom.

    Forward-Looking Statements

    Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations.

    SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

    Media Contact:

    Kara Ross

    publicrelations@saic.com

    The MIL Network –

  • MIL-OSI: BYDFi Announces Contract Copy Trading Leader Program — Up to 30% Profit Share for Top Traders

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 14, 2025 (GLOBE NEWSWIRE) — BYDFi, a leading global crypto platform, continues to enhance its Contract copy trading feature to meet the diverse needs of users worldwide. The platform has now launched its Copy Trading Leader Participation Program, where successful traders can create “Initiate Trade” and share them with others, earning up to 30% in revenue sharing. Traders can also access multiple rewards, including traffic support and exclusive benefits, helping them expand their influence.

    Beyond profit sharing, the trader program is a win-win collaboration

    BYDFi offers a 30% profit share as its top-tier partnership for high-quality traders, KOLs, and other professionals worldwide, significantly surpassing the industry average. This is not just about profit distribution but reflects BYDFi’s strategic vision to build a win-win ecosystem for cryptocurrency trading.

    For traders, BYDFi systematically eliminates traditional pain points, making the platform more efficient and rewarding.

    Problems Other Platforms’ Status BYDFi’s Solution
    Profit-sharing Ratio Average 10% – 20%, Up to 30%, industry-leading standards
    Capital Withdrawal Weekly payouts, withdrawal issues Daily auto-calculation, instant withdrawal
    Support for Leaders No exclusive entry, lacks management tools One-on-one guidance + Data backend + Sales materials fully provided
    User Retention Issues The process is complicated, leading to user drop-off One-click sync + auto updates + system tracking
    Growth Challenges Limited influence, hard to expand Official certification, social media support, external reward mechanism
     

    This means that BYDFi aims to grow together with traders, rather than engaging in one-time, fragmented collaborations.

    For future traders, what can BYDFi offer?

    Value Content
    Sustainable Profit Up to 30% profit share, each trade brings consistent revenue, growing assets
    Brand Building Official certification of Leaders, social media support, industry leadership
    Traffic Growth Support Focused promotion of quality traders to boost personal influence
    Tool Support Professional tools and copy trading systems, transparent revenue tracking
     

    BYDFi traders are not just passively “bringing users to the platform” but are truly entering the upper tiers of the trading industry, gaining control over their own income growth.

    An era for top traders has begun.

    BYDFi co-founder Michael stated:

    “Collaborations between top traders, KOLs, and platform features are becoming a key driving force in boosting market activity and increasing user trading. The BYDFi trader recruitment program is designed to push this group to the core of the industry, allowing them to earn the rewards, influence, and value they truly deserve.”

    How to join the BYDFi trader recruitment program?

    • Visit the BYDFi official website and access the copy trading feature page.
    • Fill out and submit the application form. The platform will review the trader’s information.
    • Once approved, you will receive a unique trader link to start sharing trading signals.
    • View real-time copy trading data and earn profit shares from each trade.

    Here is a detailed operation guide. If you have any questions, you can contact customer support.

    About BYDFi

    Founded in 2020, BYDFi is a Forbes-certified global top 10 crypto exchange, trusted by over 1,000,000 users worldwide. The upcoming 5th Anniversary Celebration invites global users to join in and receive exclusive valuable rewards. BYDFi is committed to providing users with a world-class crypto trading experience. BUILD Your Dream Finance.

    Official website: https://www.bydfi.com

    Online customer service：CS@bydfi.com

    Business cooperation: BD@bydfi.com

    Media contact: media@bydfi.com

    Twitter( X )| LinkedIn| Facebook | Telegram| YouTube

    The MIL Network –

  • MIL-OSI: Innovator ETFs® Launches the Innovator Equity Premium Income – Daily PutWrite ETF (SPUT)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 14, 2025 (GLOBE NEWSWIRE) — Innovator Capital Management, LLC (Innovator), pioneer and provider of the first and largest lineup of Defined Outcome ETFs™, today announced the launch of the Innovator Equity Premium Income – Daily PutWrite ETF (SPUT).

    The majority of today’s option-income ETFs are covered call strategies that primarily seek to sell volatility to generate income. SPUT differentiates itself by selling puts instead of calls, which typically generates higher premiums than comparable call options and doesn’t cap the upside of the portfolio’s equity allocation. With the potential to generate both income and growth, SPUT is positioned to be a compelling alternative or complement to derivative income strategies.

    “We regularly hear from clients who are looking for new ways to generate income in their portfolios, especially after the disappointing bond returns of recent years,” said Graham Day, CIO at Innovator ETFs. “While the income from put-writing is compelling, we think the potentially low correlation to the bond market is another feature that will have strong appeal to investors.”

    Rather than selling puts at the same strike price each day, the strategy dynamically adjusts the strike to account for changes in market conditions and to maintain a relatively low probability of the position incurring a loss.

    The strategy underpinning SPUT has predominantly been available only to institutional and high-net-worth investors. Innovator is now making it more widely available through the efficiency and of the ETF wrapper.

    In addition to option premium, Innovator expects the fund to also generate income from stock dividends and U.S. T-Bills, to be distributed to shareholders on a monthly basis.

    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 / Stephanie Dressler
    innovator@dlpr.com
    (646) 808-3647

    The Fund seeks to provide current income while providing the potential for capital appreciation. The Fund’s income is expected to be received primarily from its purchases of Equity-Linked Notes (ELNs) that implement a put-write option strategy. The ELNs provide the Fund with monthly distributions comprised of premiums generated from selling single-day expiration, out of the money put option contracts on the S&P 500 Price Return Index (SPX) that provides exposure to approximately 100% of the Fund’s assets. The Fund also expects to receive income generated by its investments in U.S. Treasuries and dividends, if any, from its investments equity securities primarily comprising components of the Solactive GBS United States 500 Index (U.S. Equity Index). The Fund’s investments in equity securities also seek to provide the potential for capital appreciation.

    The Fund will also be subject to the downside performance of the U.S. Equity Index and SPX through its respective holdings in equity securities and ELNs. The Fund’s monthly income payments to investors may not be sufficient to offset any such losses on a total return basis. There can be no guarantee that the Fund will be successful in its objective to provide current income while maintaining the potential for capital appreciation.

    Equity-Linked Notes Risk. Investing in ELNs may be more costly to the Fund than if the Fund had invested in the underlying instruments directly. Investments in ELNs often have risks similar to the underlying instruments, which include market risk. In addition, since ELNs are in note form, ELNs are subject to risks of debt securities, such as credit and counterparty risk, including the risk that issuers and/or counterparties will fail to make payments when due or default completely. Should the prices of the underlying instruments move in an unexpected manner, the Fund may not achieve the anticipated benefits of an investment in an ELN, and may realize losses, which could be significant and could include the Fund’s entire principal investment. However, the Fund’s exposure to losses in its investments in the ELNs is limited to its principal investment in such ELNs. Investments in ELNs are also subject to liquidity risk, which may make ELNs difficult to sell and value. A lack of liquidity may also cause the value of the ELN to decline. In addition, ELNs may exhibit price behavior that does not correlate with the underlying securities.

    Put-Write Risk. Put option contracts may be subject to volatile swings in price influenced by the underlying reference asset. Although the Fund receives premiums on the put option contracts written by the ELN, the losses experienced by the Fund if the level of SPX falls below the strike price may outweigh Fund gains from the receipt of the option premiums. With respect to the Fund’s investment in ELNs, the Fund’s returns are limited to the amount of option premiums it receives. Additionally, market conditions may negatively impact the amount of premiums received from selling put-write option contracts or impact the selected strike price of the option contracts, subjecting the Fund to more risk of loss.

    Put-Write Index. The ELNs will follow the Put-Write Index. The Put-Write Index sells one-day maturity put option contracts on SPX on a daily basis that generally seeks to provide income through premiums received. The Put-Write Index subjects the ELNs, and therefore the Fund, to the risk of loss associated with price decreases of SPX below the strike price. If the Put- Write Index experiences any losses based off the price movements of SPX, as a result of the 100% notional value utilized by the Put-Write Index, the losses incurred by the ELNs the Fund invests in will be greater than those experienced by SPX.

    While the Put-Write Index seeks to minimize the risk associated with the written put option contracts, the Put-Write Index and ELNs subject the Fund to risk of loss, including the risk that the Fund may lose the entirety of its principal amount invested in an ELN.

    Investing involves risk. Principal loss is possible. Innovator ETFs are distributed by Foreside Fund Services, LLC.

    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.

    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®, Stacker ETF™, Step-Up™, Step-Up ETFs®, Target Protection ETF™, 100% Buffer ETFs™ and all related names, logos, product and service names, designs, and slogans are the trademarks of Innovator, 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: iPower to Participate at the 37th Annual Roth Conference on March 17, 2025

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CUCAMONGA, Calif., March 14, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced its participation at the 37th Annual Roth Conference, which is taking place at the Laguna Cliffs Marriot Hotel in Dana Point, California on March 16-18, 2025.

    iPower will host one-on-one meetings throughout the day on Monday, March 17, 2025.

    For additional information about the conference, or to schedule one-on-one meetings with the Company’s management team, please contact Elevate IR at IPW@elevate-ir.com.

    About iPower Inc. 

    iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at www.meetipower.com.

    Investor Relations Contact

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

    The MIL Network –

  • MIL-OSI: ARRAY Technologies, Inc. to Participate in the 37th Annual ROTH Conference

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., March 14, 2025 (GLOBE NEWSWIRE) — ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, today announced that the Company will participate in the 37th Annual ROTH Conference in Dana Point, CA on March 17, 2025.

    President and Chief Operating Officer, Neil Manning and Chief Financial Officer, H. Keith Jennings, will be available for one-on-one meetings on Monday, March 17, 2025. If you would like to schedule a meeting with management, please contact our Investor Relations team.

    The Company will post a presentation with its key messages for the conference on their Investor Relations Page on Monday March 17, 2025.

    About ARRAY Technologies, Inc.

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

    Investor Relations Contact:         

    ARRAY Technologies, Inc.
    Investor Relations
    505-437-0010
    investors@arraytechinc.com

    The MIL Network –

  • MIL-OSI: Helport AI Announces CFO Transition

    Source: GlobeNewswire (MIL-OSI)

    Company Names 25-Year+ Seasoned Financial Executive, Amy Fong, as Interim Chief Financial Officer

    SINGAPORE and SAN DIEGO, March 14, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software, services, and solutions, today announced that Mr. Tao Ke is no longer serving as Chief Financial Officer (“CFO”) of the Company, effective March 12, 2025. The Company has appointed Amy Fong, President and Director of Helport AI, as interim CFO, effective immediately.

    “We take this opportunity to thank Tao for his contributions in assisting Helport AI in its transition into a public company this past year and wish him the best in his future endeavors,” said Guanghai Li, Chief Executive Officer of Helport AI. “We believe that Amy’s extensive financial and operational leadership experience, coupled with her deep understanding of capital markets, makes her well-positioned to oversee our finance functions, as we search for a permanent replacement for this role.”

    Ms. Fong, who was appointed President and Director of Helport AI in January 2025, brings over 25 years of experience as a seasoned professional across multiple industries, including banking, private equity, management consulting, and the not-for-profit sector. Prior to joining Helport AI, she was the Chief Operating Officer and later Managing Director of Sustainability and Strategic Initiatives at FountainVest Partners (Asia) since 2019, before transitioning to the role of Senior Advisor in 2024. She previously served as the Chief Executive Officer of Save the Children Hong Kong, a non-governmental organization, and spent two decades in financial services with JP Morgan, Credit Suisse, and Merrill Lynch in both the U.S. and Asia. She holds an MBA degree in Finance from Columbia Business School and a BSBA degree in Accounting and International Finance from Georgetown University.

    “I look forward to working closely with our talented teams and supporting the identification of a suitable candidate to serve as our permanent Chief Financial Officer,” said Amy Fong. “We believe that Helport AI is at an exciting inflection point, and we remain focused on accelerating growth and delivering value to our customers and shareholders.”

    About Helport AI

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, but not limited to, Helport AI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on Helport AI’s current expectations and projections about future events that Helport AI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and Helport AI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    Helport AI Investor Relations:
    Website: https://ir.helport.ai/
    Email: ir@helport.ai

    External Investor Relations Contact:
    Chris Tyson 
    Executive Vice President
    MZ North America
    Direct: 949-491-8235
    HPAI@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI: Life Science Virtual Investor Forum: Presentations Now Available for Online Viewing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Life Science Virtual Investor Forum, held March 13th are now available for online viewing.

    REGISTER NOW AT: https://bit.ly/3DIWqav

    The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

    Select companies are accepting 1×1 management meeting requests through March 18th.

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

    March 13th


    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: Brag House to Ring the Closing Bell at Nasdaq MarketSite, Celebrating Innovation in College Sports and Community Engagement

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (“Brag House” or the “Company”), a premier media technology platform designed for casual college gamers and brands seeking to connect with the Gen Z demographic, today announced that Lavell Juan, co-founder and CEO, and Daniel Leibovich, co-founder and COO, will ring the Nasdaq closing bell on Monday, March 17, 2025, at the Nasdaq MarketSite in Times Square, NYC. This comes following a successful initial public offering of common stock at $4 per share.

    “We are extremely excited and honored to ring the closing bell to commemorate our recent initial public offering on Nasdaq. The listing is a testament to the growing impact of collegial sports and communities and Brag House’s role in shaping its future,” said Lavell Juan, co-founder and CEO of Brag House. “At Brag House, we are dedicated to creating an inclusive, competitive, and engaging space where students, fans, and gamers can come together in new and exciting ways.”

    “We appreciate the support of all our brand partners, users and stakeholders, and look forward to what we can accomplish together,” said Daniel Leibovich, co-founder and COO of Brag House.

    The Nasdaq closing bell ceremony will be broadcast live at 3:50 p.m. Eastern Time from the Nasdaq MarketSite Tower in New York City, New York. To view the broadcast, please visit: https://www.nasdaq.com/marketsite/bell-ringing-ceremony

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

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “believe,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the Company cautions that actual results may differ materially from anticipated results. Additional factors are discussed in the Company’s registration statement and other filings with the SEC, available for review at www.sec.gov.

    Media Contact:
    Dan Walsh
    dan@mustardpr.com
    +44 (0) 7827 816 971

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

    The MIL Network –

  • MIL-OSI: Rumble Announces Timing of Fourth Quarter and Full Year 2024 Earnings Release and Conference Call as well as Investor Conference Participation

    Source: GlobeNewswire (MIL-OSI)

    Rumble’s Founder and CEO Chris Pavlovski to Hold a Post-Earnings Call Live Stream with Matt Kohrs 

    LONGBOAT KEY, FL, March 14, 2025 (GLOBE NEWSWIRE) — Rumble Inc. (NASDAQ: RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, today announced that it will release financial results for the fiscal quarter and full year ended December 31, 2024 before market open on Tuesday, March 25, 2025. The Company will host a conference call on the same day at 11:00 a.m. Eastern Time.

    Access to the live webcast and replay of the conference call, along with related earnings release materials, will be available here and on Rumble’s Investor Relations website at investors.rumble.com.

    Following the earnings call, Chris Pavlovski, Chairman, Founder and CEO of Rumble, will be interviewed by Matt Kohrs. The interview will be streamed live on the Matt Kohrs Rumble channel at rumble.com/MattKohrs using Rumble’s streaming platform, Rumble Studio. Viewers will be able to submit questions to Mr. Pavlovski in the comments section of the live stream.

    Upcoming Investor Conference

    Rumble management will attend the 37th Annual ROTH Conference which will be held March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, CA and participate in a fireside chat on Monday, March 17 at 1:00 p.m. PT. The fireside chat will be available in the Company Events section of Rumble’s Investor Relations website at investors.rumble.com.

    ABOUT RUMBLE

    Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.

    For investor inquiries, please contact:

    Shannon Devine

    MZ Group, MZ North America

    203-741-8811

    investors@rumble.com

    Source: Rumble Inc.

    The MIL Network –

  • MIL-OSI: Correction to Aktia Bank Plc’s Annual Review 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktia Bank Plc
    Stock Exchange Release
    14 March 2025 at 2.45 p.m.

    Correction to Aktia Bank Plc’s Annual Review 2024

    Aktia Bank Plc’s Annual Review 2024, published on 13 March 2025 as part of Aktia’s Annual Report 2024, contains incorrect information about the launch of some funds in 2024. On page 15, which describes the Asset Management business area, the first paragraph under the subheading ‘We continued our determined efforts to develop our award-winning fund selection’ has been corrected.

    Below the corrected paragraph in full.

    In 2024, we moved Aktia Emerging Market Corporate Bond+ under the Article 8 classification and prepared for launching a dark green fund in accordance with Article 9, which, in its investment process, uses sustainability criteria and the megatrends that support these criteria. We clarified our short-term fixed income fund offering by merging the funds Aktia Stable Yield and Aktia Short-Term Corporate Bond+, and focused on launching a European equity fund, which invests in European small and medium-sized enterprises. For our institutional and Private Banking customers, we launched the Aktia Velkarahastot II fund in cooperation with Oaktree Capital Management. The fund invests in private equity investment funds investing in unlisted opportunistic debt. During the year, we also issued four structured products.

    The corrected Annual Review is attached to this release.

    Aktia Bank Plc

    Further information:
    Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Mass media
    www.aktia.com

    Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 31 December 2024 amounted to EUR 14.0 billion, and the balance sheet total was EUR 11.9 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

    Attachment

    The MIL Network –

  • MIL-OSI: SUNation Energy Announces Retirement of Senior and Junior Secured Debt in Full

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., March 14, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that has repaid in full all of the accrued principal and interest associated with a total of $9.4 million in senior and junior secured loans with maturity dates ranging between July 2025 and June 2027.

    In connection with these repayments, the respective loan and related agreements were terminated, all associated monthly payment obligations eliminated, and certain material restrictive covenants which were contained in the respective loan agreements were removed. The retirement of this debt removes an annual cash drain of approximately $3.4 million through 2027.

    As previously disclosed, on February 27, 2025, SUNation consummated the first tranche of a securities offering for gross proceeds of $15 million (the “Equity Financing”). The secured loan repayments were made using a portion of the proceeds from the Equity Offering.

    “These repayments have materially deleveraged our balance sheet, resulting in improved cash flow to fund our operations and providing us with financial flexibility to pursue our long-term growth objectives, including strategic acquisitions of regionally strong solar companies across the United States,” said Scott Maskin, Chief Executive Officer. “This marks an important step in our efforts to stabilize our operations and create a strong and sustainable platform to pursue the opportunities inherent in our industry.”   

    Additional information regarding these repayments is available in a Form 8-K that the Company filed with the U.S. Securities and Exchange Commission (“SEC”) on March 13, 2025, a copy of which is available free of charge on the SEC’s website at sec.gov.

    About SUNation Energy, Inc.

    SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

    Forward Looking Statements 

    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

    Safe Harbor Statement

    Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

    Contacts: 
    Scott Maskin
    Chief Executive Officer
    +1 (631) 823-7131
    smaskin@sunation.com

    SUNation Energy Investor Relations
    IR@sunation.com

    The MIL Network –

  • MIL-OSI New Zealand: ACT in the engine room behind new infrastructure projects

    Source: ACT Party

    ACT MP and former civil engineer Simon Court is welcoming the suite of projects announced at the Investment Summit set to capitalise on new and improved private infrastructure delivery pathways.

    “The private sector brings innovation, expertise and capital – both domestic and international – that drives faster delivery of better infrastructure that stands the test of time.

    “After a long PPP hiatus, supercharging New Zealand’s PPP model was priority number one for me as Infrastructure Under-Secretary, and it’s pleasing to see several PPP projects take centre stage as we showcase to global investors New Zealand’s opportunities.”

    There are several PPP announcements from the Summit:

    • Transport: Northland Roads of National Significance PPP, with the first 26-kilometre stage approved for the next procurement stage.
    • Corrections: Christchurch Men’s Prison Redevelopment PPP, with funding approved through Budget 2025.
    • Justice: three upcoming new courts in Waitakere and Rotorua to be delivered via PPP.

    Speaking from the Summit, Mr Court is buoyed by investor interest in other private-friendly opportunities relating to models he has led as Under-Secretary, including strategic leasing (or ‘PPP-lite’), market-led (or ‘unsolicited’) proposals, and Infrastructure Funding and Financing Act ‘special purpose vehicles’ (SPVs).

    “Health Minister Simeon Brown has signalled the trifecta of PPPs, strategic leasing, and market-led proposals are all on the cards for upcoming health infrastructure – all have important roles to play as we drive our health infrastructure recovery.

    “Summit attendees have already expressed particular interest to me in this ‘PPP-lite’ strategic leasing pathway as an easier way to get involved on smaller scale projects.

    “There was also significant interest in SPV opportunities – where private capital finances infrastructure in exchange for levies on those benefitting – under the Infrastructure Funding and Financing Act I am panel beating into shape. This is great news, particularly for local government infrastructure.”

    Mr Court is also welcoming the tolling concession announcements. Tolling concessions have delivered great infrastructure abroad, including through PPPs, where users – rather than taxpayers – foot the bill.

    MIL OSI New Zealand News –

  • MIL-OSI USA: ICE, law enforcement partners arrest more than 200 alien offenders during enhanced gang operation in Northern Virginia

    Source: US Immigration and Customs Enforcement

    CHANTILLY, Va. — U.S. Immigration and Customs Enforcement and law enforcement partners apprehended 214 illegal aliens during an enhanced targeted enforcement operation focusing on transnational organized crime, gangs, and egregious illegal alien offenders in Northern Virginia March 1 to 13.

    “Our communities in Virginia are safer today because our law enforcement officers stood between them and the danger. During this enforcement operation, ICE and our law enforcement partners targeted the most dangerous alien offenders in some of the most gang-infested neighborhoods in Northern Virginia, and this resulted in 214 arrests,” said ICE Enforcement and Removal Operations Washington, D.C. Field Office Director Russ Hott. “Over 200 arrests in such a brief time is an impressive number by any measure. It is truly awe-inspiring to see what can be accomplished with the level of cooperation shared among our federal, state and local law enforcement partners. Everyone was truly invested in the success of this joint operation. ICE will continue our mission to prioritize public safety by arresting and removing illegal alien offenders from our Washington, D.C. and Virginia communities.”

    ICE and their law enforcement partners targeted transnational criminal organizations known to operate in the Northern Virginia suburbs of Washington, D.C. These organizations include the notorious MS-13 and 18th Street gangs.

    “The agents and officers involved in this enhanced operation truly made a difference in the Northern Virginia communities. The apprehension of 214 alien offenders is impressive and was only made possible through strong partnerships,” said ICE Homeland Security Investigations Washington, D.C. acting Special Agent in Charge Christopher Heck. “The level of dedication to this operation by the entire team was impressive to witness. Each of our law enforcement partners brought their own expertise to the mission. This was truly a team effort. ICE will continue to work tirelessly to dismantle transnational criminal organizations working in our neighborhoods.”

    “The level of support ICE received from our partner law enforcement organizations was inspiring,” said Hott. “In the spirit of illicit gang activity, we are making gang members an offer they can’t refuse; leave the United States now. If you don’t, we will find you, and there will be consequences. We will arrest and prosecute you to the full extent of the law.”

    Among those arrested during the enhanced targeted operation include:

    • A 26-year-old Salvadoran alien and member of MS-13 previously convicted for malicious wounding and larceny.
    • A 46-year-old, previously removed Salvadoran alien and member of MS-13 previously convicted for carrying a concealed weapon, trespassing, illegal re-entry after removal, and disorderly conduct.
    • A 40-year-old Salvadoran alien and member of MS-13 who is wanted by authorities in El Salvador for aggravated extortion.
    • A 37-year-old Jamaican alien previously convicted for second-degree murder and use of a firearm during the commission of a felony.
    • A 46-year-old Mexican alien previously convicted for indecent liberties with a minor and soliciting a minor for prostitution.
    • A 27-year-old Honduran alien previously convicted for object sexual penetration. The alien is currently detained pending removal proceedings.

    Partner law enforcement participating in the operation were: U.S. Attorney’s Offices for the Eastern and Western Districts of Virginia; FBI; U.S. Marshals Service; Drug Enforcement Administration; U.S. Customs and Border Protection; Bureau of Alcohol, Tobacco, Firearms and Explosives; the Office of the Governor; the Office of the Attorney General; Virginia State Police; and Virginia Department of Corrections.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE’s mission to increase public safety in our communities on X: @EROWashington.

    MIL OSI USA News –

  • MIL-OSI: illumin Reports Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter Revenue shows Growth Across All Service Lines by 35% YoY to $49.9 Million
    Full Year Revenue Grows 11% YoY to $140.4 Million
    Self-Service Revenue Grew by 45% YoY for the Quarter and 78% for the Full Year
    Adjusted EBITDA Improved by 42% YoY for the Quarter and 104% for the Full Year

    (All monetary figures are expressed in Canadian dollars unless otherwise stated)

    TORONTO, March 14, 2025 (GLOBE NEWSWIRE) — illumin Holdings Inc. (TSX: ILLM and OTCQB: ILLMF) (“illumin” or the “Company”), a journey advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, today announced its financial results for the fourth quarter and full year ended December 31, 2024.

    Fourth Quarter 2024 Highlights

    • Revenue was $49.9 million, up 35% year-over-year, driven by increases across all three service lines.
    • Self-service revenue was up 45% to $13.0 million, compared to $8.9 million in the year ago period and represented 26% of total revenue, up from 24% in Q4 2023.
    • The Company onboarded 23 net new self-service clients during the quarter, reflecting sales initiatives targeting higher-spend clients and positioning the Company for continued self-service revenue growth.
    • Managed service revenue was up 28% from the prior year to $23.7 million, increasing for the 3rd consecutive quarter.
    • Exchange services revenue increased by 39% from prior year to $13.2 million.
    • Gross margin was 45%, compared to 49% for the same period in 2023, and was lower mainly due to product mix.
    • Net revenue, or gross profit (revenue less media-related costs), was $22.7 million, compared with $18.0 million in the same quarter of the prior year.
    • Adjusted EBITDA was $3.9 million, compared to $2.8 million in the prior year period. The increase was primarily attributable to higher revenue and a strengthened US dollar.
    • Net income was $4.1 million, compared to a net loss of $2.6 million in Q4 2023. The increase was primarily a result of higher revenue and a net foreign exchange gain versus a loss in the prior year period, partially offset by higher costs.
    • Cash and cash equivalents increased by $4.5 million, or 9%, from September 30, 2024, to $56.0 million.
    • On December 23, 2024, the Company commenced a new normal course issuer bid (“2024 NCIB”) to purchase for cancellation up to 3,914,167 of its outstanding common shares. The 2024 NCIB replaces the previous NCIB (“2023 NCIB”), which expired on November 12, 2024. The Company did not purchase and cancel any of its outstanding common shares under either NCIB plan in the quarter.

    Fiscal Year 2024 Highlights

    • Revenue rose 11% year-over-year to $140.4 million.
    • Self-service was up by 78% from the prior year to $38.4 million.
    • Managed service decreased by 7% year-over-year to $67.7 million. The decline was limited by the efforts in the second half of the year, which showed significant growth in this service line.
    • Exchange services increased by 8% from the prior year to $34.3 million.
    • Gross margin was 47% compared to 48% for the prior year.
    • Net revenue, or gross profit (revenue less media-related costs), was $65.5 million, compared to $60.3 million for the same period in 2023.
    • Adjusted EBITDA was $6.3 million compared to $3.1 million for the prior year. The increase was primarily attributable to higher revenues, partially offset by higher operating costs.
    • Net income was $0.9 million, compared to a net loss of $11.0 million in the prior year.
    • During the year, the Company repurchased 3,310,384 of its common shares at an average price of $1.61 per share for total consideration of $5.3 million under the 2023 NCIB. No repurchases were made under the 2024 NCIB in the year.
    • At December 31, 2024, the Company had cash and cash equivalents of $56.0 million, compared to $55.5 million as of December 31, 2023. This increase was primarily attributable to a favorable foreign exchange impact on cash and cash equivalents, positive cash from operating activities before changes in working capital, and fluctuations in timing of non-cash operating working capital in the year. This was partially offset by the repurchase of the Company’s shares, investments in our technology platform, property and equipment, and payments on leases.

    Simon Cairns, illumin’s Chief Executive Officer, commented, “We delivered strong revenue growth in the fourth quarter, which rose 35% year-over-year fueled by increases across all of our revenue lines. During the quarter, we continued to see considerable revenue growth in self-service, which grew 45% year-over-year. This also represents our third consecutive quarter of managed service growth, which increased 28% year-over-year. These results indicate that more companies are recognizing the value of both our managed service and self-service solutions. In addition, we continued to see substantial growth and momentum in our exchange services business, which increased 39% from the prior year.”

    Mr. Cairns added, “As these results show, the customer-centric approach we implemented in the second half of 2024, which focuses on marketing and selling more effectively and efficiently, has proven to be very successful in helping us bring on new customers and expanding our relationships with existing clients. This approach lets us leverage our technology platform and offer our clients a full range of answers, whether it be self-service, managed campaigns, exchange services or a hybrid approach, if that best fits their evolving needs. Our results also showcase our success to date in advancing our illumin self-service roadmap and addressing operational efficiencies throughout our organization. We are extremely pleased with our progress to date and look forward to continuing this momentum in 2025.”

    “As we advance into 2025, we know our first quarter is the toughest due to impacts of seasonally lower client spend-which is extra challenging this year due to more recent heightened economic instability.  As a management team, we’re focused on winning the year as we advance on our platform to drive leads through better marketing and a new brand strategy. We will deliver a quicker selling process to onboard customers, improve platform stickiness, and more effectively present a choice of options on how customers can be supported over their lifecycle with us.”

    Elliot Muchnik, illumin’s Chief Financial Officer, commented, “During the fourth quarter, we reported a significant year-over-year increase in total revenue, reflecting growth in self-service, managed service and exchange services revenue, which helped drive a year-over-year improvement in Adjusted EBITDA of 42% and 104% for the quarter and year, respectively. As we look ahead into 2025, operational discipline remains a priority for us so we can further grow our Adjusted EBITDA while funding continued product development and expansion of our sales and marketing capabilities.”

    The following table presents a reconciliation of Net income (loss) to Adjusted EBITDA for the periods ended:

    (in $000s) Three months ended   Twelve months ended  
      December 31,   December 31,   December 31,   December 31,  
        2024     2023     2024     2023  
    Net income (loss) for the period $ 4,127   $ (2,579 ) $ 867   $ (10,987 )
    Adjustments:        
    Finance income, net   (414 )   (528 )   (1,821 )   (2,122 )
    Foreign exchange loss (gain)   (3,617 )   2,034     (5,066 )   2,827  
    Depreciation and amortization   1,309     1,110     5,355     5,482  
    Income tax expense (benefit)   826     82     988     (1,095 )
    Share-based compensation   850     1,141     3,732     5,725  
    Severance expenses   835     940     1,195     1,307  
    Nasdaq-related costs   –     431     736     1,813  
    Other non-recurring expenses   31     157     347     157  
    Total adjustments   (180 )   5,367     5,466     14,094  
    Adjusted EBITDA1 $ 3,947   $ 2,788   $ 6,333   $ 3,107  
     

    Conference Call Details:

    Date: Friday, March 14, 2024
    Time: 8:30AM Eastern Time

    To register for the conference call webcast and presentation, please visit https://events.illumin.com/q4-2024-earnings-call.

    Please connect 15 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast. A recording of the conference call webcast will be available after the call by visiting the Company’s website at https://illumin.com/investor-information/.

    Non-IFRS Measures

    This press release makes reference to certain non-IFRS Accounting Standard measures (“non-IFRS measures”). These measures are not recognized measures under IFRS Accounting Standards (“IFRS”), do not have a standardized meaning prescribed by IFRS, and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We use non-IFRS measures including “revenue less media-related costs”, “Gross margin”, and “Adjusted EBITDA” (as well as other measures discussed elsewhere in this press release).

    The term “Gross margin” refers to the amount that “revenue less media-related costs” represents as a percentage of total revenue for a given period. Gross margin is used for internal management purposes as an indicator of the performance of the Company’s solution in balancing the goals of delivering excellent results to advertisers while meeting the Company’s margin objectives and, accordingly, the Company believes it is useful supplemental information.

    “Adjusted EBITDA” refers to net income (loss) after adjusting for finance costs (income), impairment loss, fair value gain, income taxes, foreign exchange loss (gain), depreciation and amortization, share-based compensation, acquisition and related integration costs, severance expenses and adjustments to the carrying value of investment tax credits receivable. The Company believes that Adjusted EBITDA is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities before taking into consideration how those activities are financed and taxed and prior to taking into consideration depreciation of property and equipment and certain other items listed above. It is a key measure used by the Company’s management and board of directors to understand and evaluate the Company’s operating performance, to prepare annual budgets and to help develop operating plans.

    These non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. We believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers, and that these non-IFRS measures are relevant to their analysis of the Company.

    About illumin:

    illumin is evolving the digital advertising landscape by empowering marketers to achieve transformative results through its customer-centric approach. Featuring a unified canvas built around the open web, illumin lets brands and agencies seamlessly plan, build, and execute campaigns across the entire marketing funnel—connecting programmatic channels, email, and social media within a single platform. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe. For more information, visit illumin.com.

    Disclaimer with regard to forward looking statements

    Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. In particular, this news release contains forward-looking statements and information relating to the Company’s belief that the NCIB is in the best interests of the Company and its shareholders and that underlying value of the Company may not be reflected in the market price of the Shares.   Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, illumin does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

    For further information, please contact:

    Steve Hosein
    Investor Relations
    illumin Holdings Inc.
    416-218-9888 x5313
    investors@illumin.com    		   David Hanover
    Investor Relations – U.S.
    KCSA Strategic Communications
    212-896-1220
    dhanover@kcsa.com
         

    Please note that the following financial information is an extract from the Company’s Consolidated Financial Statements for the twelve months ended December 31, 2024 and 2023 (the “Financial Statements”) provided for readers’ convenience and should be viewed in conjunction with the Notes to the Financial Statements, which are an integral part of the statements. The full Financial Statements and MD&A for the period may be found by accessing SEDAR+ at www.sedarplus.com.


    illumin Holdings Inc.
    Consolidated Statements of Financial Position
    (Expressed in thousands of Canadian dollars)

        December 31,
    2024    		     December 31,
    2023
    		  
    Assets          
               
    Current assets          
    Cash and cash equivalents   $ 55,952     $ 55,455  
    Accounts receivable     44,650       32,136  
    Income tax receivable     613       3,301  
    Prepaid expenses and other     2,864       4,123  
               
          104,079       95,015  
    Non-current assets          
    Other assets     115       63  
    Property and equipment     7,406       9,329  
    Intangible assets     9,352       7,618  
    Goodwill     4,870       4,870  
               
          125,822       116,895  
               
    Liabilities          
               
    Current liabilities          
    Accounts payable and accrued liabilities     39,148       26,488  
    Income tax payable     137       717  
    Borrowings     48       131  
    Lease obligations     1,513       1,726  
               
          40,846       29,062  
    Non-current liabilities          
    Borrowings     –       47  
    Deferred tax liability     1,241       1,001  
    Lease obligations     4,702       6,087  
               
          46,789       36,197  
               
    Shareholders’ equity     79,033       80,698  
               
          125,822       116,895  
               

    illumin Holdings Inc.
    Consolidated Statements of Comprehensive Income (Loss)
    (Expressed in thousands of Canadian dollars, except share amounts)
    For the years ended December 31, 2024 and 2023

          2024       2023  
           
    Revenue   $ 140,389     $ 126,318  
           
    Media-related costs     74,931       66,023  
           
    Gross profit     65,458       60,295  
           
    Operating expenses      
    Sales and marketing     25,927       26,104  
    Technology     20,407       19,695  
    General and administrative     15,069       14,666  
    Share-based compensation     3,732       5,725  
    Depreciation and amortization     5,355       5,482  
           
          70,490       71,672  
           
    Loss from operations     (5,032 )     (11,377 )
           
    Finance income, net     (1,821 )     (2,122 )
    Foreign exchange loss (gain)     (5,066 )     2,827  
           
          (6,887 )     705  
           
    Net income (loss) before income taxes     1,855       (12,082 )
           
    Income tax expense (benefit)     988       (1,095 )
           
    Net income (loss) for the year     867       (10,987 )
           
           
    Basic and diluted net income (loss) per share     0.02       (0.20 )
           
    Other Comprehensive Income (Loss)      
           
    Items that may be subsequently reclassified to net income (loss):      
    Exchange loss on translating foreign operations     (980 )     (1,860 )
           
    Comprehensive loss for the year     (113 )     (12,847 )
     

    illumin Holdings Inc.
    Consolidated Statements of Cash Flows
    (Expressed in thousands of Canadian dollars)
    For the years ended December 31, 2024 and 2023

          2024       2023  
    Cash provided by (used in)        
             
    Operating activities        
    Net income (loss) for the year   $ 867     $ (10,987 )
    Adjustments to reconcile net income (loss) to net cash flows        
    Depreciation and amortization     5,355       5,482  
    Finance income, net     (1,821 )     (2,122 )
    Share-based compensation     3,732       5,725  
    Foreign exchange loss (gain)     (5,066 )     2,827  
    Severance expense     789       850  
    Income tax expense (benefit)     988       (1,095 )
    Change in non-cash operating working capital        
    Accounts receivable     (11,578 )     (296 )
    Prepaid expenses and other     1,361       (2,906 )
    Other assets     (53 )     185  
    Accounts payable and accrued liabilities     11,883       (1,811 )
    Income taxes refunded (paid), net     1,573       99  
    Interest received     2,101       2,658  
             
          10,131       (1,391 )
             
    Investing activities        
    Additions to property and equipment     (1,690 )     (867 )
    Additions to intangible assets     (4,257 )     (4,375 )
             
          (5,947 )     (5,242 )
             
    Financing activities        
    Repayment of term loans     –       (4,411 )
    Proceeds from international loans     –       1,181  
    Repayment of international loans     (130 )     (1,435 )
    Payment of leases     (2,132 )     (3,020 )
    Repurchase of common shares for cancellation     (5,310 )     (15,313 )
    Proceeds from the exercise of stock options     33       7  
             
          (7,539 )     (22,991 )
             
    Decrease in cash and cash equivalents     (3,355 )     (29,624 )
             
    Impact of foreign exchange on cash and cash equivalents     3,852       (862 )
             
    Cash and cash equivalents – beginning of year     55,455       85,941  
             
    Cash and cash equivalents – end of year     55,952       55,455  
             
    Supplemental disclosure of non-cash transactions        
    Adjustments to property and equipment under leases     –       4,403  
    Unpaid additions (reversals) to property and equipment, net     (734 )     734  
    Unpaid taxes on share repurchases     7       –  
             

    1Nasdaq-related costs are listing fees and directors’ and officers’ insurance specific to the Company’s Nasdaq listing and have been reclassed below Adjusted EBITDA as they are not recurring. The prior year numbers have been adjusted to conform to the current year presentation.

    The MIL Network –

  • MIL-OSI: Primech AI to Showcase HYTRON AI-Powered Autonomous Bathroom Cleaning Robot at RoboSG 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 14, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI”) or (the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced its participation at RoboSG 2025, where it will showcase HYTRON, its groundbreaking AI-powered autonomous bathroom cleaning robot. HYTRON represents Primech AI’s continued efforts to transform facility services.

    From left to right: Leng Wei Jie, Senior Executive, Innovation & Technology, Charles Ng, Chief Operating Officer of Primech AI, HYTRON, and Leow Joon Kiat, Senior Maintenance Engineer

    HYTRON will be demonstrated live at Booth T18 in The Nexus, Punggol Digital District’s Discovery Hub section, during the two-day RoboSG 2025 event on March 14-15, 2025. The robot combines cutting-edge AI technology with advanced smart sensors to deliver precision cleaning solutions specifically designed for high-traffic bathroom facilities.

    RoboSG 2025 is Singapore’s premier robotics and automation exhibition, bringing together industry leaders, innovators, and technology enthusiasts to explore the latest advancements in robotics and their practical applications across various sectors. The event serves as a platform for showcasing cutting-edge solutions that address real-world challenges through automation and artificial intelligence.

    “HYTRON represents the future of cleaning technology and demonstrates our commitment to redefining hygiene standards through innovation,” said Charles Ng, Chief Operating Officer of Primech AI. “This autonomous solution boosts operational efficiency and addresses the industry’s ongoing challenges with maintaining consistently high cleanliness standards in high-traffic facilities. We’re excited to showcase this revolutionary technology at RoboSG 2025 and invite all stakeholders in facility management, real estate, and technology sectors to witness the future of cleaning in action.”

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

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

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

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

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

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Appoints Chris Ryan as Chief Legal Officer

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, March 14, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, announced today that Chris Ryan has been appointed Chief Legal Officer. With a strong background in financial services, cryptocurrency, and regulatory compliance, Ryan will be instrumental in guiding the company’s legal operations as it continues expanding access to Bitcoin.

    As Chief Legal Officer, Ryan will lead Bitcoin Depot’s legal and compliance strategy, advising the executive team on governance, risk management, and regulatory matters. He will also oversee partnerships, legal operations, and policy initiatives to support the company’s continued expansion.

    Before joining Bitcoin Depot, Ryan served as Deputy General Counsel at MoneyGram International, where he led global legal teams working on cryptocurrency initiatives, regulatory strategy, and commercial partnerships across North America, Latin America, Europe, and Africa. With over a decade of experience, he has negotiated high-profile fintech deals, advised on blockchain product strategies, and developed compliance frameworks for digital assets and payments. He has also worked closely with policymakers on evolving cryptocurrency regulations and overseen key areas like AML, KYC, and financial compliance. His expert understanding of risk management, corporate transactions, and regulatory affairs will be key as Bitcoin Depot continues to strengthen its position as the largest Bitcoin ATM operator in the U.S.

    “Chris has spent his career navigating complex financial and regulatory landscapes while leading high-performing legal and compliance teams,” said Brandon Mintz, CEO and founder of Bitcoin Depot. “His experience in fintech, blockchain, and global regulatory strategy will be invaluable as we continue expanding access to Bitcoin, enhancing compliance, and positioning Bitcoin Depot for long-term success. With the cryptocurrency industry evolving rapidly, Chris’s leadership will ensure we remain ahead of the curve.”

    “Bitcoin Depot is at the forefront of making Bitcoin more accessible to people everywhere, and I’m excited to join at such a transformational time,” said Ryan. “With the crypto industry rapidly evolving, building a strong regulatory and compliance foundation is more important than ever. I look forward to working alongside the team to support Bitcoin Depot’s growth and advance its mission of bringing Bitcoin to the masses through its cash-to-crypto model.”

    Ryan holds a J.D. from the Florida Coastal School of Law and a B.S. in Political Science from the University of Dayton.

    About Bitcoin Depot 
    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with approximately 8,400 kiosk locations as of December 31, 2024. Learn more at www.bitcoindepot.com.

    Cautionary Note Regarding Forward-Looking Statements
    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

    Contacts: 

    Investors  
    Cody Slach 
    Gateway Group, Inc.  
    949-574-3860  
    BTM@gateway-grp.com 

    Media  
    Brenlyn Motlagh, Ryan Deloney  
    Gateway Group, Inc. 
    949-574-3860  
    BTM@gateway-grp.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab09ac94-e75b-4fd6-9010-b8652a89fc74

    The MIL Network –

  • MIL-OSI: Regarding the new management board member of the management company of UTIISIB UAB “Atsinaujinančios energetikos investicijos”

    Source: GlobeNewswire (MIL-OSI)

    The closed-end investment company intended for informed investors UAB “Atsinaujinančios energetikos investicijos” (the Investment Company) informs that, having received approval from the Bank of Lithuania regarding the candidacy of Marius Žemaitis, the newly elected management board member of the Investment Company’s management company, UAB “LORDS LB ASSET MANAGEMENT” (the Management Company), Marius Žemaitis has started to perform the duties of a management board member of the Management Company. The data regarding the newly composed management board of the Management Company have been registered in the Register of Legal Entities of the Republic of Lithuania.

    Contact person for further information:
    Rūta Abromavičienė, Senior Legal Officer of UAB “LORDS LB ASSET MANAGEMENT”
    ruta.abromaviciene@lordslb.lt 

    The MIL Network –

  • MIL-OSI: Regarding the new management board member of the management company of SUTNTIB AB “TEWOX”

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, March 14, 2025 (GLOBE NEWSWIRE) —

    The special closed-end real estate investment company AB “TEWOX” (the Investment Company) informs that, having received approval from the Bank of Lithuania regarding the candidacy of Marius Žemaitis, the newly elected management board member of the Investment Company’s management company, UAB “LORDS LB ASSET MANAGEMENT” (the Management Company), Marius Žemaitis has started to perform the duties of a management board member of the Management Company. The data regarding the newly composed management board of the Management Company have been registered in the Register of Legal Entities of the Republic of Lithuania.

    Contact person for further information:

    Rūta Abromavičienė, Senior Legal Officer of UAB “LORDS LB ASSET MANAGEMENT”

    ruta.abromaviciene@lordslb.lt 

    https://lordslb.lt/tewox_bonds/

    The MIL Network –