NewzIntel.com

Category: Finance

  • MIL-OSI Security: Salem Man Faces Federal Charge for Illegally Possessing Molotov Cocktails

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    A Salem, Oregon man was arraigned in federal court today for possessing Molotov cocktails while attempting to destroy property at a Salem car dealership.

    Adam Matthew Lansky, 41, has been charged by criminal complaint with illegally possessing an unregistered destructive device.

    According to court documents, on January 20, 2025, officers from the Salem Police Department responded to a report of an individual throwing Molotov cocktails at a local car dealership. Later, on February 19, 2025, officers returned to the same dealership after a report of damage from what appeared to be bullets fired into a building and vehicle.

    Investigators soon linked Lansky to both incidents. Surveillance footage obtained from the car dealership appeared to show Lansky throwing Molotov cocktails that struck a dealership building and several vehicles, causing fires. Surveillance video from a patrol car captured a vehicle parked near the dealership while Lansky is alleged to have discharged multiple firearm rounds into a building and at least one vehicle. Investigators learned the vehicle was registered to Lansky and observed it at his residence.

    Lansky was arrested Tuesday without incident in Salem and made his first appearance in federal court today before a U.S. Magistrate Judge. He was ordered detained pending further court proceedings.

    The case is being investigated by the FBI, Bureau of Alcohol, Tobacco, Firearms and Explosives, and Salem Police Department. It is being prosecuted by Parakram Singh, Assistant U.S. Attorney for the District of Oregon.

    A criminal complaint is only an accusation of a crime, and a defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Security: Convicted Crescent City Murderer Sentenced to More Than Five Years in Federal Prison for Distributing Methamphetamine

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

    Orlando, Florida – U.S. District Judge Wendy Berger today sentenced Francisco Javier Arroyo (31, Crescent City) to 5 years and 10 months in federal prison for conspiring to distribute methamphetamine. Arroyo pleaded guilty on September 25, 2024.   

    According to the plea agreement and other court documents, from February through July 2021, Arroyo distributed methamphetamine and cocaine along with a number of conspirators, including Alejandro Alvarado (30, Crescent City), Miguel Angel Perez (29, Deland), Jose Martinez (43, Crescent City), Jonathan Arroyo Ontiveros (25, Crescent City), Noel Bueno Jr. (27, Crescent City) and others – all of whom lived in close proximity to one another in Crescent City. Miguel Angel Ortiz (29, Crescent City) also served as a courier to deliver multi-kilogram shipments of methamphetamine from Texas, North Carolina, and Georgia to the Crescent City neighborhood in which Arroyo and others operated. Arroyo delivered ounces of methamphetamine and cocaine primarily to Robert Wayne Watson (59, Seville), who operated out of his home in Seville. Watson then redistributed ounces of methamphetamine to mid-level dealers located throughout central Florida, including George Edward Sykes (46, Bunnell), Danny Wayne Holmes (61, Kathleen), Dina Dynnette Kempher (38, Satsuma), and David John Doerr (56, Astor).

    On July 16, 2021, the FBI arrested multiple individuals in Crescent City and Seville as part of this drug conspiracy. Around the same time, Arroyo was arrested in Missouri in connection with a triple homicide on July 13, 2021, in Crescent City. Arroyo was later convicted of second-degree murder and two counts of attempted second-degree murder for the surviving victims. He was sentenced to 22 years in Florida state prison. After his murder conviction in April 2024, Arroyo was transported to federal court to face charges for drug distribution occurring in 2021. Upon completing his state sentence, he will serve an additional 5 years and 10 months in federal prison. To date, 12 individuals have pleaded guilty and were sentenced to federal prison terms in connection with this conspiracy.

    This case was investigated by the Federal Bureau of Investigation, with assistance from the Drug Enforcement Administration, the Putnam County Sheriff’s Office, the Clay County Sheriff’s Office, and the Volusia County Sheriff’s Office. It is being prosecuted by Assistant United States Attorney Dana E. Hill.   

    This case was part of an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at www.justice.gov/OCDETF.

    MIL Security OSI –

  • MIL-OSI Security: Brentwood Man Charged with Making Interstate Threats to Bomb the Nashville Federal Courthouse

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

    NASHVILLE – Alexander Thompson, 35, of Brentwood, Tennessee, was arrested by federal agents and charged by criminal complaint with making threats in interstate commerce and making a threat in interstate commerce to damage or destroy a building or property by means of fire or an explosive, announced Acting United States Attorney Robert E. McGuire for the Middle District of Tennessee.

    “We take dangerous threats to public spaces and public servants extremely seriously and will always act swiftly to hold those responsible accountable for their actions,” said Acting U.S. Attorney Robert E. McGuire. “People who work in courthouses, and citizens who attend proceedings there, should be free from threatening behavior.”

    According to the complaint, on March 2, 2025, the Metropolitan Nashville Police Department (“MNPD”) received a notification from a representative of the Tucker Carlson Network (“TCN”), stating that TCN had received an email from Email Address 1 that contained the following verbiage :

    “I wanted to update you. Within 1-2 weeks, I will firebomb the Fred D Thompson Federal building and Courthouse in downtown Nashville. Beyond this singular act of violence, I bear no hostility towards America itself, and would be calm and peaceful to arrest prior to this act (and afterwards). I do not wish to shoot or kill law enforcement, I am rational, nonsuicidal, and would like to live a long life, but the attacks, harassment, torture against myself at the hands of a bunch of criminals has become unbearable. But, the current American Government is no longer lawful and legitimate and must therefore be exposed and overthrown pursuant to Founding documents of the United States. Despite informing thousands of politicians, local and federal law-enforcement, and various other parties, the nightly torture via targeted dream incubation, attacks, harassment, etc. continue. There is a surveillance&control backdoor present on every device in the Country, likely the It is my duty as both a person and as an American to not only stop horrendous physical and digital attacks against myself, but also inform my nation that it is on the brink of totalitarianism. I view my actions through the lens of necessity as I have tried every other available means to cease the torture, attacks, and to inform my Country that it is in the midst of a coup against it(but not by me).

    Thank you, Alex”

    TCN provided a possible X (formerly Twitter) account bearing username @cryptokeeper434, with a display name of “Alex.” This account is believed to be utilized by Thompson due to recent posts made showing the production and testing of a device which resembled a “Molotov cocktail.” A review of the publicly available X account for @cryptokeeper434 showed the following posts and photos of concern:

    A review of the publicly available X page for @cryptokeeper434, revealed photos of the Fred D. Thompson Federal Building and Courthouse, which is located at 719 Church Street, in Nashville. The Thompson Courthouse houses numerous employees, including employees of the United States District Court for the Middle District of Tennessee, the Office of Probation and Pretrial Services for the Middle District of Tennessee, the United States Marshals Service, and the United States Attorney’s Office for the Middle District of Tennessee.

    On March 3, 2025, MNPD officers arrested Thompson at his place of work in Goodlettsville, Tennessee. An MNPD officer and a mental health co-op crisis intervention team member spoke with Thompson, after which he stated to another law enforcement officer words to the effect of: You read the email, I was going to bomb the building, I couldn’t change the system from the outside and I need to be arrested to effect change from the inside.

    On March 3, 2025, MNPD officers obtained a search warrant for Thompson’s residence to look for bomb making materials and other evidence of criminal conduct. During the execution of this warrant, investigators found multiple empty jars, wicks, and wax, consistent with the items depicted in the X posts above. Investigators also located a Molotov cocktail that was assembled and just missing a fuel source.

    If convicted, Thompson faces a maximum penalty of 10 years in federal prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI Nashville Field Office is investigating the case.

    Acting United States Attorney Robert E. McGuire is prosecuting the case.

    A complaint is merely an allegation. The defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    # # # # #

    MIL Security OSI –

  • MIL-OSI Security: various locations — Nova Scotia RCMP collaborates on national Project STEEL targeting online child sexual exploitation offenders

    Source: Royal Canadian Mounted Police

    Between February 17 and 28, Nova Scotia RCMP worked with provincial policing partners to participate in Project STEEL by executing search warrants targeting online child sexual exploitation offenders with a goal of safeguarding children. Multiple people were arrested and have been charged as the investigations advance.

    Over the twelve days of Project STEEL, multiple law enforcement partners from across Canada joined together for Project STEEL, which was jointly led by the RCMP’s National Child Exploitation Crime Centre (NCECC), the Ontario Provincial Police (OPP) and the Sûreté du Québec (SQ).

    In Nova Scotia, Project STEEL was led by the RCMP’s Provincial Internet Child Exploitation (ICE) Unit in partnership with Kentville Police Service. Officers conducted four search warrant executions that led to arrests and the seizure of items containing child pornography.

    • On February 18, Kentville Police Service led the execution of a search warrant at a home on Forest Hill Rd., with support from ICE and RCMP Digital Forensic Services (DFS) and seized a variety of electronic devices. During examination of items seized, investigators found child pornography on a cell phone. One person was arrested and will face charges related to possession and transmission of child pornography; he was released by police pending an upcoming court appearance.
    • On February 19, the ICE Unit, with assistance from RCMP DFS, Interview Assistance Team (IAT), Cybercrime Unit, and Commercial Crime Section, Guysborough County District RCMP, and the RCMP Antigonish Street Crime Enforcement Unit, attended a residence on Hwy. 16 in Boylston with a search warrant. Officers arrested one man and located child pornography on a cell phone that was seized at the scene. James Thornley, 24, of Boylston, has been charged with one count each of Possession of Child Pornography and Transmit Child Pornography. He was released on conditions pending a first court appearance at Antigonish Provincial Court on April 30.
    • On February 20, the ICE Unit, with RCMP DFS, IAT, Cybercrime Unit, Commercial Crime Section, and Eskasoni RCMP, attended a home on Ginger Root Ln. and found a substantial amount of child pornography saved and organized on seized devices. One person will face charges associated to possession and transmission of child pornography; he was released pending an upcoming court appearance. A second person arrested at this location was released without charges and is not believed to be associated to the offences.
    • On February 26, the ICE Unit, again with support from RCMP DFS, IAT, and Cybercrime Unit, Yarmouth Town RCMP, and Yarmouth Rural RCMP, executed a search warrant at a business on Hwy. 3 in Ste. Anne du Ruisseau. Officers arrested one man. While on scene, investigators located multiple computers and media storage devices found to contain child pornography, and two unsecured firearms, which were also seized. Stephen Doucette, 51, of Lower Argyle, is facing charges of Possession of Child Pornography, Accessing Child Pornography, Careless Storage of Firearm, and Unauthorized Possession of a Firearm. He was released pending a first court appearance at Yarmouth Provincial Court on April 28.

    Investigations are ongoing and will include further analysis of computers, phones, and other devices seized.

    Cpl. Oliver Roberts, Provincial ICE Unit, notes that collaboration between agencies is the most effective strategy to combatting online child sexual exploitation. No single agency can police these crimes alone.

    “Project STEEL has been a great success nationally, as well as here in Nova Scotia,” says Cpl. Oliver Roberts. “The coordinated execution of search warrants from Cape Breton to Yarmouth has highlighted the important work being done here and collaboratively across all jurisdictions. All police forces in this province are working hard every day to create and promote safe spaces for everyone, especially children.”

    In Nova Scotia, it is mandatory for citizens to report suspected child pornography; anyone who comes across child pornography material or recordings must report it to the police. Failure to report could result in penalties similar to those for failure to report child abuse under the Child and Family Services Act. Be a voice for children who are victims of sexual exploitation by reporting suspected offences to your local police or to Canada’s national tip line: www.cybertip.ca.

    MIL Security OSI –

  • MIL-OSI: Alma íbúðafélag hf.: Útboð á víxlum 11. mars 2025

    Source: GlobeNewswire (MIL-OSI)

    Alma íbúðafélag hf. heldur lokað útboð á þriggja mánaða óverðtryggðum víxlum (AL 25 0615) og sex mánaða óverðtryggðum víxlum (AL 25 0915) þriðjudaginn 11. mars nk. Víxlarnir eru óveðtryggðir.

    Arctica Finance hf. hefur umsjón með útboðinu og kynningu þess fyrir hugsanlegum fjárfestum.

    Útboðið verður með hollenskri aðferð, þ.e. öll samþykkt tilboð bjóðast fjárfestum á hæstu samþykktu flötu vöxtum. Víxlarnir eru gefnir út í 20 m.kr. nafnverðseiningum og verða teknir til viðskipta á Aðalmarkaði Nasdaq Iceland.

    Alma íbúðafélag hf. áskilur sér rétt til þess að taka hvaða tilboði sem er eða hafna þeim öllum. Niðurstöður útboðsins verða birtar opinberlega eigi síðar en næsta virka dag eftir útboð.

    Skila skal inn tilboðum á netfangið m@arctica.is fyrir klukkan 17:00 þriðjudaginn 11. mars 2025. Uppgjör viðskipta fer fram 17. mars 2025.

    Útboðið er undanþegið gerð lýsingar á grundvelli c- og d-liðar 4. mgr. 1. gr. reglugerðar Evrópusambandsins og ráðsins (ESB) nr. 2017/1129 um lýsingu sem birta skal þegar verðbréf eru boðin í almennu útboði eða tekin til viðskipta á skipulegum markaði og 1. mgr. 3. gr. laga nr. 14/2020 um sama efni.

    Tilkynning þessi er eingöngu sett fram í upplýsingaskyni og felur ekki í sér né er hún hluti af útboðinu eða boð um kaup eða áskrift á verðbréfum félagsins. Grunnlýsing, endanlegir skilmálar og önnur skjöl er varða útgáfu framangreinds flokks skuldaskjals eru birt á vefsíðu félagsins: http://www.al.is/company/investors/bond-issuance/.

    Nánari upplýsingar veitir:

    Ingólfur Árni Gunnarsson, framkvæmdastjóri
    ingolfur@al.is

    The MIL Network –

  • MIL-OSI: SUTNTIB AB “Tewox” publishes its NAV for February 2025

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, March 06, 2025 (GLOBE NEWSWIRE) —

    As at the end of February 2025, the net asset value (NAV) of SUTNTIB AB „Tewox“ decreased to EUR 42,794,355, compared to previously determined NAV at the end of January 2025, which was EUR 43,109,329.

    The share price decreased to EUR 1.0222, from EUR 1.0298 at the end of January 2025. The pro-forma internal rate of return (IRR) decreased to 0.78%, compared previously announced IRR of 1.07% at the end of January 2025.

    Contact person for further information:

    Paulius Nevinskas

    Manager of the Investment Company

    paulius.nevinskas@lordslb.lt

    https://lordslb.lt/tewox_bonds/

    The MIL Network –

  • MIL-OSI: Dassault Systèmes: declaration of the number of outstanding shares and voting rights as of February 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    VELIZY-VILLACOUBLAY, France — March 6, 2025

    Declaration of the number of outstanding shares and
    voting rights as of February 28, 2025

    Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced below the total number of its outstanding shares and voting rights as of February 28, 2025, according to articles 223-16 and 221-3 of the General Regulation of the Autorité des marchés financiers.

    Number of outstanding shares: 1,340,433,125

    Number of voting rights*: 2,011,423,108

    *The total number of voting rights is calculated on the basis of the total number of outstanding shares, even if the voting rights attached thereto are suspended, pursuant to Article 223-11 of the General Regulation of the Autorité des marchés financiers relating to the method for calculating the percentages of holdings in shares and in voting rights. We invite our shareholders to refer to this article should they need to declare crossing of thresholds.

    Declarations related to crossing of threshold must be sent to:
    Dassault Systèmes, Investor Relations Service, 10, rue Marcel Dassault, CS 40501, 78946 Vélizy-Villacoublay Cedex (France). E-mail address: Investors@3ds.com  

    ###

    ABOUT DASSAULT SYSTÈMES

    Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 350 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit www.3ds.com.

    Dassault Systèmes Investor Relations Team                FTI Consulting
    Béatrix Martinez :                                        Arnaud de Cheffontaines: +33 1 47 03 69 48
    +33 1 61 62 40 73                                        Jamie Ricketts : +44 20 3727 1600
    investors@3ds.com                                        

    Dassault Systèmes Press Contacts
    Corporate / France        
    Arnaud Malherbe: +33 1 61 62 87 73
    arnaud.malherbe@3ds.com        

    © Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval

    Attachment

    The MIL Network –

  • MIL-OSI USA: Warren Slams Big Tech CEOs for Cozying Up to Trump Admin, Attempting to Score Billions in Tax Handouts at Working Families’ Expense

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    March 06, 2025
    Senator Warren demands answers from Tesla, Amazon, Meta, Apple, Alphabet CEOs about lobbying efforts, impacts of possible tax giveaways
    “It’s no secret why [corporations like yours are] throwing millions of dollars into lobbying President Trump and Republicans in Congress at this very moment: the result of your lobbying efforts could net you billions of dollars.” 
    Text of Letters (PDF) 
    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, wrote to Elon Musk, CEO of Tesla; Jeff Bezos, CEO of Amazon; Mark Zuckerberg, CEO of Meta; Tim Cook, CEO of Apple; and Sundar Pichai, CEO of Alphabet, regarding the cumulative $75 billion in tax giveaways  — handed out at the expense of working families — that their companies could receive after cozying up to the Trump administration. 
    As part of President Trump’s 2017 Tax Cuts and Jobs Act, among many corporate giveaways, Republicans in Congress decided to end a corporate tax break known as research and development (R&D) expensing to help pay for their tax cuts for the ultra-wealthy. This tax break allowed companies to deduct the total cost of their R&D expenses immediately, instead of deducting them over time, as is the standard practice in the tax code. This change was one of the few parts of the 2017 bill that forced companies to pay higher taxes. Now, corporations want to revert back to the pre-2017 rules — and not only do corporations want to apply immediate R&D expensing to future tax years, but they are also pushing to retroactively apply these deductions to 2022, 2023, and 2024.
    “[Corporations like yours] want to retroactively apply these tax deductions to investments they already made in the past, amounting to nothing more than a tax handout to massive corporations for past investment decisions,” wrote Senator Warren.
    While these corporations claim that not allowing immediate expensing “significantly limits businesses’ ability” to invest in R&D, these claims are false. In fact, since R&D expensing ended in 2022, the R&D spending of each of the five companies increased significantly.
    “[E]ven as your R&D investments have increased since R&D expensing ended, [each of your companies] ha[ve] lobbied to bring back this corporate tax break and find other ways to slash your tax bill even lower,” said Senator Warren. 
    All five companies belong to trade organizations intensely lobbying for the retroactive application and extension of R&D expensing, including the Chamber of Commerce. Just last year, Alphabet, Amazon, Apple, Meta, and Tesla spent over $63 million lobbying for corporate tax breaks that include retroactive and immediate R&D expensing. All five companies also poured millions into President Trump’s campaign or inauguration. 
    “It’s no secret why [corporations like yours are] throwing millions of dollars into lobbying President Trump and Republicans in Congress at this very moment: the result of your lobbying efforts could net you billions of dollars,” said Senator Warren. 
    Collectively, the five companies are projected to win $75 billion if Congress awards them retroactive R&D tax expensing — nearly double what the federal government spends on child nutrition programs each year. Senator Warren called it a “fantastic return on investment for the millions [they] have spent lobbying on the tax fight.” 
    According to a new, independent analysis by the Institute on Taxation and Economic Policy (ITEP), from retroactive application of R&D expensing alone: 

    Tesla stands to gain at least $2.5 billion.

    Amazon stands to gain at least $22 billion.

    Meta stands to gain at least $15 billion.

    Apple stands to gain at least $10 billion.

    Alphabet stands to gain at least $24 billion.

    “American taxpayers will shoulder the burden of tax cuts for [the companies], and they deserve answers about your efforts to secure massive tax breaks for billionaire corporations,” concluded Senator Warren. 
    Senator Warren asked the companies to provide clarity on their lobbying expenses for tax legislation this year, their trade associations’ advocacy for tax cuts, their political donations to officials advocating for their tax cuts, and how retroactive tax breaks would affect their outlook for stock buybacks and executive compensation by March 19, 2025.

    MIL OSI USA News –

  • MIL-OSI Security: Massachusetts State Employee and Prison Inmate Charged with Conspiring to Smuggle K2-Laced Paper Into Federal Prison

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

    Inmate granted clemency on Jan. 17, 2025 reducing 2022 federal prison sentence for drug distribution

    BOSTON – A Bridgewater, Mass. woman and an inmate at the federal prison FMC Devens have been charged with conspiring to distribute a synthetic cannabinoid, also known as “K2,” into FMC Devens. The inmate had been granted clemency on Jan. 17, 2025 reducing his 2022 federal prison sentence for drug distribution. 

    Tasha Hammock, 43, an employee with the Massachusetts Department of Environmental Protection, and Raymond Gaines, 45, an inmate at FMC Devens, are charged with conspiracy to distribute a controlled substance analogue. Hammock was arrested yesterday and made an initial appearance in federal court in Boston. Gaines will make an initial appearance at a later date.

    On Jan. 25, 2022, Gaines was sentenced to more than seven years in prison after pleading guilty in federal court in Boston to possession with intent to distribute cocaine and possessing a firearm in furtherance of drug trafficking. At the time he committed the offenses, he was on federal judicial supervised release after serving a prison sentence resulting from a 2017 conviction for distributing cocaine base within 1,000 feet of a school. According to court records, in both prior cases Gaines was alleged to be an associate of the Orchard Park Trailblazers, a street gang in Boston. On Jan. 17, 2025, Gaines received an Executive Grant of Clemency, reducing his current federal sentence to five years in prison.  

    According to the charging document, on Aug. 18, 2024, Hammock, while visiting Gaines in the prison, surreptitiously passed K2-laced papers to Gaines, which he pocketed. In addition, Hammock allegedly previously handled money connected with the distribution of K2 to Gaines in FMC Devens, and she allegedly received K2 at her residence for distribution into the prison. The criminal complaint describes how law enforcement became interested in Hammock’s visits to Gaines after obtaining a cellphone that had allegedly been smuggled to an inmate in the prison (“Inmate A”). In September 2023, Inmate A allegedly sent messages on the cell phone to another person (“Person 1”), discussing obtaining K2 in prison. Inmate A allegedly told Person 1 that the drugs could be delivered to a particular address in Bridgewater – later determined to be Hammock’s residence – and that Inmate A’s “co” would arrange for the drugs to be brought into the prison from there.  

    As described in the charging document, K2 presents a health problem at FMC Devens, where inmates have become sick from smoking paper believed to contain K2, as well as prison staff who have been exposed to the secondary smoke.    

    The charge of conspiracy to distribute a controlled substance analogue carries a penalty of up to 20 years in prison, at least three years of supervised release and a fine of up to $1,000,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston, made the announcement today. Assistant U.S. Attorney Brendan O’Shea of the Worcester Branch Office is prosecuting the case.   
     

    MIL Security OSI –

  • MIL-OSI Security: Dartmouth — RCMP Halifax Regional Detachment arrests two people and seizes cocaine

    Source: Royal Canadian Mounted Police

    RCMP Halifax Regional Detachment (HRD) Street Crime Enforcement Unit (SCEU) has arrested two people and executed a search warrant in Dartmouth.

    On February 27, in relation to an ongoing drug trafficking investigation, RCMP HRD SCEU officers, with the assistance of RCMP Halifax Regional Detachment, safely arrested a 40-year-old man and a 24-year-old woman during a targeted traffic stop on a taxi travelling on Nantucket Ave in Dartmouth.

    Investigators then executed a search warrant at a residence on Charlottetown Way in Dartmouth, where they located and seized cocaine, methamphetamines, drug paraphernalia, cash and cell phones.

    The man and the woman were later released on conditions. They are scheduled to appear in Dartmouth Provincial Court on April 15, at 9:30 a.m. to face charges of Possession of Cocaine for the Purpose of Trafficking and Possession of Methamphetamines for the Purpose of Trafficking.

    Anyone with information about illicit drug or other criminal activity in the Halifax Regional Municipality is encouraged to contact police at 902-490-5020. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    File: 25-17741

    MIL Security OSI –

  • MIL-OSI: Virtu Execution Services Launches Virtu Technology Solutions Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the entire investment cycle to the global markets, announces the public launch of Virtu Technology Solutions (VTS), a comprehensive product suite that repackages Virtu Execution Services’ (VES) capabilities for distribution to sell-side broker-dealers worldwide.

    Virtu Execution Services (VES) has long provided execution and workflow solutions to buy-side and sell-side clients, offering a robust suit of technology-driven services that support seamless and integrated market access, trade execution and analytics. These solutions, built to optimize Virtu’s own trading infrastructure, have been leveraged by a range of institutional clients to enhance their operational efficiency and market connectivity.

    With the introduction of VTS, Virtu is now formalizing and expanding the availability of these capabilities specifically for sell-side brokers, providing them with access to the same technology and infrastructure that powers Virtu’s own broker-dealer operations. This initiative reflects Virtu’s commitment to delivering scalable, modular and multi-asset solutions tailored to the infrastructure needs of broker-dealers.

    Virtu’s global execution services business is uniquely positioned to deliver comprehensive, multi-asset products to brokers by combining Virtu’s Workflow Solutions, Analytics, and Broker-Dealer offerings in a turn-key solution. With connectivity to over 60 global markets, operations across over 235 venues, management of over 10 thousand broker FIX connections for clients, and certifications with the majority of today’s OMS/EMS platforms. VTS provides the sell-side with the complete suite of proprietary tools originally developed for Virtu’s own broker-dealer operations and designed to support the front-to-back-office needs of the sell-side. These solutions are modular, scalable, and designed for seamless, multi-asset, global deployment.

    “The breadth of capabilities within our internal broker-dealer framework is incredible. I don’t think there’s a vendor on the street that can offer the range and quality of products we’re bringing to market,” said Michael Loggia, Virtu’s Global Head of VTS and Workflow Solutions. “With the public launch of VTS, we are expanding awareness and formalizing our offering to ensure broker-dealers of all sizes can benefit from the same infrastructure that has supported our own operations.”

    About Virtu Financial, Inc.
    Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- intra- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    media@virtu.com
    investor_relations@virtu.com

    The MIL Network –

  • MIL-OSI Security: Healthcare Providers and Laboratory Marketers Agree to Pay Over $1.9M to Settle Kickback Allegations

    Source: Office of United States Attorneys

    COLUMBIA, S.C. — Gerald Congdon, M.D., of Pawleys Island, South Carolina, Gbenga Aluko, M.D., of Charlotte, North Carolina, and Anup Banerjee, M.D., of Gastonia, North Carolina, and their medical practices, as well as Curis Healthcare Inc., of Chicago, Illinois, Omar Hussain, of South Miami, Florida, and Saeed Medical Group Ltd. d/b/a Alliance Immediate and Primary Care, of Chicago, Illinois, agreed to pay a total of $1,913,808 to resolve alleged False Claims Act violations arising from their involvement in laboratory kickback schemes. The parties have agreed to cooperate with the Department of Justice’s investigations of other participants in the alleged schemes.

    The Anti-Kickback Statute prohibits offering, paying, soliciting, or receiving remuneration to induce referrals of items or services covered by Medicare, TRICARE, and other federally funded healthcare programs. The Anti-Kickback Statute is intended to ensure that medical providers’ judgments are not compromised by improper financial incentives and are instead based on the best interests of their patients.

    The settlements announced today resolve allegations that healthcare providers received kickbacks in return for their referrals to a laboratory in Anderson, South Carolina, and that a marketer and his marketing company received kickbacks from that South Carolina laboratory to arrange for laboratory testing referrals, in violation of the Anti-Kickback Statute. The kickbacks allegedly resulted in the submission of false or fraudulent laboratory testing claims to Medicare and TRICARE in violation of the False Claims Act.

    • Dr. Gerald Congdon, Coastal Urgent Care, LLC, and Coastal Wellness Center, LLC. Dr. Congdon and his medical practices in Pawleys Island and Myrtle Beach, South Carolina agreed to pay $400,000 to resolve allegations that from May 2016 to November 2021, they received thousands of dollars in remuneration disguised as purported office space rental and phlebotomy payments from the South Carolina laboratory in return for ordering testing.
    • Dr. Gbenga Aluko and Eagle Medical Center, PC. Dr. Aluko and his medical practice in Charlotte, North Carolina agreed to pay $250,000 to resolve allegations that from May 2016 to November 2021, they received thousands of dollars in remuneration disguised as purported office space rental, phlebotomy, and toxicology payments from the South Carolina laboratory in return for ordering testing.
    • Dr. Anup Banerjee and Gastonia Medical Specialty Clinic P.A. Dr. Banerjee and his medical practice in Gastonia, North Carolina agreed to pay $206,000 to resolve allegations that from April 2017 to November 2021, they received thousands of dollars in remuneration disguised as purported office space rental and phlebotomy payments from the South Carolina laboratory in return for ordering testing.
    • Omar Hussain and Curis Healthcare Inc. Hussain and his marketing company agreed to pay $817,808 to resolve allegations that from April 2020 to August 2021, Hussain and his company received commissions from the South Carolina laboratory as independent contractors based on the volume and/or value of the Medicare and TRICARE referrals for laboratory testing that they arranged for and/or recommended.
    • Saeed Medical Group Ltd., Omar Hussain, and Curis Healthcare Inc. Saeed Medical Group and Hussain and his marketing company agreed to pay $240,000 to resolve allegations that from April 2020 to August 2021, Saeed Medical Group received thousands of dollars in remuneration in the form of cash payments from Hussain and his company in return for ordering testing from the South Carolina laboratory.

    “Integrity must be the standard in our health care system,” said Acting U.S. Attorney Brook B. Andrews for the District of South Carolina. “Kickback schemes divert funds and focus away from patients and their medical needs.”

    “The public puts immense trust in medical professionals, and disdain for the rule of law damages that trust and erodes their credibility,” said Steve Jensen, Special Agent in Charge of the FBI Columbia field office. “These settlements should serve as a reminder that the FBI and its partners are committed to holding medical practitioners accountable for kickbacks.”

    “Kickback schemes undermine medical decision-making and jeopardize the integrity of federally funded health care programs,” said Kelly Blackmon, Special Agent in Charge at the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “Our commitment is to safeguard taxpayer-funded health care and the patients who rely on it, and we will rigorously pursue any allegations of False Claims Act violations.”

    “The trust of the American taxpayer and the wellbeing of our Service members are undermined when laboratories and physicians engage in collusive financial relationships,” said Special Agent in Charge Christopher Dillard, Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Mid-Atlantic Field Office. “DCIS will continue to work with our law enforcement partners to bring to justice medical providers who illegally enrich themselves by prioritizing kickbacks over patient care.”

    The settlements were the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section and the U.S. Attorney’s Office for the District of South Carolina, with assistance from HHS-OIG, DCIS, and the FBI. The settlements announced today were handled by Senior Trial Counsel Christopher Terranova in the Civil Division’s Commercial Litigation Branch, Fraud Section and Assistant U.S. Attorney Beth C. Warren in the U.S. Attorney’s Office for the District of South Carolina. The United States previously resolved allegations that physicians in South Carolina, North Carolina, and Texas received kickbacks from the same South Carolina laboratory.

    The government’s pursuit of this matter illustrates the government’s emphasis on combating healthcare fraud. One of the most powerful tools in this effort is the False Claims Act. Tips and complaints from all sources about potential fraud, waste, abuse, and mismanagement can be reported to the Department of Health and Human Services, at 1-800-HHS-TIPS (800-447-8477).

    The claims resolved by the settlements are allegations only, and there has been no determination of liability.

    ###

    MIL Security OSI –

  • MIL-OSI: GRUPO FINANCIERO BANORTE to Present at the Banking Virtual Investor Conference March 6th

    Source: GlobeNewswire (MIL-OSI)

    MEXICO CITY, March 06, 2025 (GLOBE NEWSWIRE) — GRUPO FINANCIERO BANORTE (GBOOY), based in Av. Revolución N° 3000, Col. Primavera, Monterrey, N.L. C.P. 64830 Mexico, focused on Financial Services, today announced that Tania Martinez Lira, Investor Relations Director and that Corina Beltrán Medina, Investor Relations Deputy Director, will present live at the Banking Virtual Investor Conference hosted by VirtualInvestorConferences.com, on March 6th, 2025

    DATE: March 6th
    TIME: 2:30 – 3:00 pm ET
    LINK: https://bit.ly/3DhRUj4

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

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

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

    Recent Company Highlights

    • Recognized by The Banker as the Best Bank in Mexico, Most Innovative Bank in Latin America, and Top 200 Banks in Latin America in 2024
    • Recognized by World Finance as the Best Retail Bank and Best Corporate Governance in Mexico in 2024
    • Recognized by Institutional Investor as the Most Honored Company, coupled with Best CEO, Best CFO, Best IRO, Best IR Team, Best IR program, Best ESG, Best Company Board of Directors, and Best Investor Day in 2024
    • Recognized by Global Finance as Best Bank in Mexico 2024 and Best SME Bank 2025
    • Recognized by Euromoney as Best Service-Domestic, Trade Finance in Mexico and Best Banks for SMEs in Mexico in 2024
    • Recognized by TAB Global as one of the 1000 World´s Largest and Strongest Banks in 2024
    • Silver winner at a worldwide level on the “HyperPersonalization” project in the category “Reimagining the Customer Experience” by Qorus-Infosys Finacle
    • Recognized by Best Place to Work 2024, while incorporating our CEO and our CHRO in their “Best CEOs and Best CHROs” list

    About [GRUPO FINANCIERO BANORTE]

    Grupo Financiero Banorte (GFNorte), is a leading financial institution in Mexico, with the largest business diversification and continuously seeking ways to innovate in the financial sector, offering a wide variety of traditional and digital products and services, through its broker dealer, annuities & insurance companies, retirement saving funds (afore), mutual funds, leasing and factoring company, warehousing and recently announcing the inclusion of a digital bank.

    Banorte is the second largest financial group in Mexico in terms of loan portfolio, the number two provider of loans to governments and the second largest bank in mortgage loans. In addition, the retirement fund administrator Afore XXI Banorte, of which GFNorte owns 50%, is the largest in the country in terms of assets under management.

    Banorte is the only commercial bank, among the six largest institutions, whose decisions are made locally without the influence of external parent companies, which has proven to be an advantage in adapting with agility to the changes and alternatives presented by the country.

    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.

    The MIL Network –

  • MIL-OSI: Solum Global Inc. and The Big Mig Media Co. Sponsor “The Crypto Power Hour” Show

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, FL, March 06, 2025 (GLOBE NEWSWIRE) — Solum Global, Inc. (“Solum Global, Solum or the Company”) is a transparent digital network with a fully decentralized, permissionless blockchain protocol that provides a seamless solution for the U.S. healthcare industry integrating artificial intelligence (AI), smart contracts, and Solum Global’s stablecoin (sgUSD) with a proprietary electronic health wallet (EHW), announced today the Company’s sponsorship of the Crypto Power Hour Show in conjunction with the Big Mig Media Co. production group.

    The podcast will feature top cryptocurrency industry leaders, influencers, developers, educators, and regulators, offering unparalleled insights into the blockchain, decentralized finance, and digital assets. Broadcasting from their new state-of-the-art studio in West Palm Beach, Florida, this groundbreaking show is set to become the premier destination for current information on the state of the cryptocurrency industry. Discussion topics will feature global regulatory activities, digital currency investment strategies, emerging technologies, and blockchain developments.

    “Crypto Power Hour” airs live every Wednesday and Friday at 3:00 p.m. Eastern. They will be co-hosted by Kirk St. Johns, a visionary founder of Solum Global, Antonia Moss, Chief Growth Officer, and Lance Migliaccio and George Balloutine, creators of “The Big Mig Show” podcast and known for their deep knowledge and no-nonsense approach to crypto and finance.

    “We are incredibly excited to launch The Crypto Power Hour and bring this game-changing show to a global audience. Cryptocurrency and blockchain technology are reshaping the financial world, and this show will provide critical insights, strategies, and discussions for industry participants. Partnering with The Big Mig Media Co. and leveraging Rumble’s growing crypto vertical gives us the perfect platform to deliver unfiltered, high-impact content. We’re just getting started, and I can’t wait to share this journey with our viewers,” stated Kirk St. Johns, Co-founder of Solum Global.

    About Solum Global Inc.
    Solum Global is a transparent digital network with a fully decentralized, permissionless blockchain protocol for storing, trading, and transferring digital and real-world assets enabling immediate settlement between individuals, businesses, and governments. Utilizing cutting edge blockchain technology, artificial intelligence (AI), smart contracts, the company’s stablecoin (sgUSD) and a proprietary Electronic Health Wallet (EHW), Solum Global provides a seamless solution that addresses the significant challenges inherent in the U.S. healthcare industry. For more information, visit www.solum.global.

    Forward-Looking Statements 
    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations
    Hanover International
    ka@hanoverintlinc.com

    Media Contact
    media@solum.global

    The MIL Network –

  • MIL-OSI: Development of Global Drone Operational Integration Expected to Spur Investment for U.S. Drone Manufacturing

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla. , March 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Shifting governmental policies are benefiting U.S. Drone Manufactures. AUVSI, an industry insider reported: “Programs focused on U.S.-made drone acquisition incentives, specifically grants, would signal to investors the market opportunity for U.S. drones, stimulating investment into U.S. drone and component manufacturing. According to a 2019 survey by Droneresponders, 92% of first responders in the U.S. are using drones made by China. This is a direct consequence of China subsidizing the drones, driving down costs, and a program to donate DJI drones to first responders. The Droneresponders survey also noted that 88% of first responder agencies would prefer to use U.S. drones; however, cost is a major factor in being able to transition away from the subsidized Chinese drones to market-based U.S. drones. U.S. Department of Transportation (DOT) programs that enable the use of drones for infrastructure inspection, such as the Every Day Counts (EDC) program, should incentivize the use of U.S. manufactured drones. It said that Congress should enact a new program designed to help industrial inspection companies engaged in critical infrastructure inspection transition from using Chinese drones to U.S.-made programs, which could reflect, in part, the Supply Chain Reimbursement Program as mentioned above for first responders.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS), L3Harris Technologies (NYSE: LHX), Unusual Machines (NYSE: UMAC).

    AUVSI continued: “Again, the program should be funded appropriately to ensure that critical infrastructure owners and operators can begin to replace and upgrade drone fleets and U.S. domestic drone manufacturing can meet demand in terms of both production capability and drone reliability and capability.  The DoD must work with industry to overcome the acquisition challenges to get capable tools into the hands of warfighters faster, ensuring a strong U.S. industry for defense and commercial missions. The U.S. is falling behind other nations in the global effort to safely and efficiently integrate drones – which perform many lifesaving and critical industrial missions – into the airspace. Accordingly, the Federal Aviation Administration (FAA) must take steps to streamline approval processes and minimize the bureaucratic barriers to successful integration. Congress can assist by giving the FAA additional tools, authorities, and resources to accomplish this mission. Such tools should include mechanisms to help the FAA implement 2023 FAA Reauthorization efforts/mandates. Making progress on drone operational integration will spur investment into the drone industry, including manufacturing and workforce development in the United States.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Benefits from New Chinese Tariffs Also Helping its Commercial and Defense Customer Markets – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today announces an update on its US-based ZenaDrone subsidiary’s Arizona and Taiwan manufacturing supply chain strategy in light of the current economic changes and tariffs announced by the current US Administration. ZenaDrone will continue to source and manufacture drone cameras, sensors and other related components at its Taiwan-based Spider Vision Sensors company to reduce its supply chain risk and ensure NDAA-compliant parts for its US Defense-destined drone products, which will be manufactured in Arizona. The company also benefits from recent announcements doubling tariffs on Chinese imports including drones and parts from 10% to 20% which will negatively impact many US drone companies and customers given the drone industry dominance of China.

    “The current administration’s focus on strengthening US manufacturing and reducing reliance on Chinese drone imports is a game-changer for American companies like ours. With increased tariffs on Chinese drones and components, and new incentives for domestic production, we are well positioned to expand our operations to manufacture in Arizona, also creating more high-quality American jobs. Since we’ve already initiated sourcing of our component parts from Taiwan instead of China, we can avoid supply chain disruptions while benefiting from potential US manufacturing tax breaks. We believe this makes our drones more competitive for both government and commercial markets,” said CEO Shaun Passley, Ph.D.

    “This also puts us ahead of domestic competitors who may be facing challenges with supply chain instability and less access to cutting-edge technologies. By leveraging Taiwan’s capabilities and our focus on security and compliance, we’re poised to meet increasing defense demand while minimizing operational risks,” added Dr. Passley.

    The Spider Vision Sensors Taiwan office opened in November 2024 to manufacture drone cameras, sensors, electronics, and components, including LiDAR (Light Detection and Ranging), thermal, infrared, and multi-spectral sensors, and circuit boards to incorporate into ZenaDrone’s finished products. Having in-house manufactured sensors and components will enable ZenaDrone to maintain a steady supply to fulfill customer drone order needs at its Sharjah, UAE manufacturing facilities as well as its future Arizona-based drone manufacturing facilities for US military-destined “Made in America” drones.

    Taiwan was selected due to its size and skills as an electronics hub, and the availability of low-cost alternative components versus those from China. Spider Vision Sensors will ensure ZenaDrone’s products and supply chain are compliant with the US NDAA (National Defense Authorization Act) requirements necessary to do business with the US Military. This along with the Green UAS (Uncrewed Arial System) and the Blue UAS are important certifications ensuring cybersecurity and country of origin compliance for drone companies, which the company has stated it plans to achieve. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

    Over the coming months, the Blue UAS List and Blue UAS Framework will expand with new additions. The inclusion of the Black Widow and Edge 130 as winners of the Refresh further validates Red Cat’s commitment to delivering NDAA-compliant unmanned systems for defense and government applications.

    AgEagle Aerial Systems Inc. (NYSE: UAVS), recently announced it has fulfilled the previously announced order for 60 RedEdge-P Multispectral Sensors from an East Asian value-added reseller (VAR).

    AgEagle CEO Bill Irby commented, “Following the successful on-time completion of this, our largest sensor sale in AgEagle history, we look forward to building on this significant momentum. The achievement underscores our commitment to impeccable execution and reliability and further represents a landmark milestone in our strategic growth plan for 2025 and beyond. We look forward to continuing to enhance and scale our high-value intelligence, surveillance, and reconnaissance product offerings to military and commercial operations worldwide to effectively position AgEagle for long-term shareholder value creation.”

    RedEdge-P Multispectral Sensors are NDAA compliant, high-resolution multispectral and RGB sensor featuring a high-resolution panchromatic band for pan-sharpened output resolutions of 2 cm / 0.8 in at 60 m / 200 ft. Its five narrow multispectral bands with scientific-grade filters make it the perfect camera for calculating multiple vegetation indices and composites.

    L3Harris Technologies (NYSE: LHX) and Shield AI will collaborate on a demonstration to enable an electronic warfare (EW) operation with AI-enabled unmanned systems that will sense, adapt and act while simultaneously executing physical and electromagnetic movements.

    L3Harris and Shield AI Team for Breakthrough in Autonomy – At the core of this effort is L3Harris’ Distributed Spectrum Collaboration and Operations, or DiSCO™, a software-defined Electromagnetic Battle Management ecosystem that can detect, collect and analyze known and unknown threat signals within minutes. This specific collaboration pairs DiSCO with Shield AI’s Hivemind.

    Unusual Machines (NYSE: UMAC), a leading provider of NDAA-compliant drone components, has recently secured Red Cat Holdings as a customer for motors. This marks the company’s first partnership to develop motors built to a U.S. drone producer’s specific requirements. Red Cat will use three motor variants from Unusual Machines for one of its platforms designed for government and commercial applications.

    Red Cat has placed its initial order, marking a significant milestone in Unusual Machines’ efforts to become a Tier 1 supplier of drone motors for American manufacturers. The motors will be among the first produced in Unusual Machines’ U.S.-based manufacturing facility, which is currently under development. In the interim, production will take place in a partnered facility that we believe will result in a seamless supply chain transition. Unusual Machines expects to begin delivering on Red Cat’s first order by the end of March.

    About FN Media Group:

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

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

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

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Aimfinity Investment Corp. I Announces Extension of the Deadline for an Initial Business Combination to March 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, Delaware, March 06, 2025 (GLOBE NEWSWIRE) — Aimfinity Investment Corp. I (the “Company” or “AIMA”) (Nasdaq: AIMAU), a special purpose acquisition company incorporated as a Cayman Islands exempted company, today announced that, in order to extend the date by which the Company mush complete its initial business combination from February 28, 2025 to March 28, 2025, on February 28, 2025, I-Fa Chang, manager of the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $55,823.8, or for $0.05 per Class A ordinary share held by public shareholders (the “Monthly Extension Payment”).

    Pursuant to the Company’s fourth amended & restated memorandum and articles of association (“Current Charter”), effectively January 9, 2025, the Company may extend on a monthly basis from January 28, 2025 until October 28, 2025 or such an earlier date as may be determined by its board to complete a business combination by depositing the Monthly Extension Payment for each month into the Trust Account. This is the second of nine monthly extensions sought under the Current Charter of the Company.  

    About Aimfinity Investment Corp. I

    Aimfinity Investment Corp. I is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with it. While the Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, it will not complete its initial business combination with a target that is headquartered in China (including Hong Kong and Macau) or conducts a majority of its business in China (including Hong Kong and Macau). 

    Additional Information and Where to Find It

    As previously disclosed, on October 13, 2023, the Company entered into that certain Agreement and Plan of Merger (as may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), by and between the Company, Docter Inc., a Delaware corporation (the “Company”), Aimfinity Investment Merger Sub I, a Cayman Islands exempted company and wholly-owned subsidiary of Parent (“Purchaser”), and Aimfinity Investment Merger Sub II, Inc., a Delaware corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), pursuant to which the Company is proposing to enter into a business combination with Docter involving an reincorporation merger and an acquisition merger. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. AIMA’s stockholders and other interested persons are advised to read, when available, the proxy statement/prospectus and the amendments thereto and other documents filed in connection with the proposed business combination, as these materials will contain important information about AIMA, Purchaser or Docter, and the proposed business combination. When available, the proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of AIMA as of a record date to be established for voting on the proposed business combination. Such stockholders will also be able to obtain copies of the proxy statement/prospectus and other documents filed with the Securities and Exchange Commission (the “SEC”), without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to AIMA’s principal office at 221 W 9th St, PMB 235 Wilmington, Delaware 19801.

    Forward-Looking Statements

    This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties’ perspectives and expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction, including the anticipated initial enterprise value and post-closing equity value, the benefits of the proposed transaction, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the combined company, and the expected timing of the transactions. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated.

    Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the pending business combination, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as regulatory approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals; (ii) risks related to the ability of AIMA and Docter to successfully integrate the businesses; (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iv) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of AIMA or Docter; (v) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (vi) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of AIMA’s securities; (vii) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Docter to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (viii): risks relating to the medical device industry, including but not limited to governmental regulatory and enforcement changes, market competitions, competitive product and pricing activity; and (ix) risks relating to the combined company’s ability to enhance its products and services, execute its business strategy, expand its customer base and maintain stable relationship with its business partners.

    A further list and description of risks and uncertainties can be found in the prospectus filed on April 26, 2022 relating to AIMA’s initial public offering, the annual report of AIMA on Form 10-K for the fiscal year ended on December 31, 2022, filed on April 17, 2023, and in the registration statement on Form F-4/proxy statement (File No. 333-284658) filed by Purchaser on January 31, 2025, as amended (the “F-4”) in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Aimfinity, Docter, and their subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

    No Offer or Solicitation

    This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of any potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of AIMA, Purchaser or Docter, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

    Participants in the Solicitation

    AIMA, Docter, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of AIMA’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of AIMA’s shareholders in connection with the proposed business combination is set forth in the F-4.

    Contact Information:

    Aimfinity Investment Corp. I
    I-Fa Chang
    Chief Executive Officer
    221 W 9th St, PMB 235
    Wilmington, Delaware 19801

    The MIL Network –

  • MIL-OSI: CrowdStreet Celebrates Two C-Suite Executives Named to The Top 50 Women Leaders in Financial Technology of 2024 Ranking

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) — CrowdStreet, a leading platform for direct-access private market investing, today announced that two of its executive leaders have been honored with placement in The Financial Technology Report’s Top 50 Women Leaders in Financial Technology of 2024. This recognition celebrates the exceptional achievements of women driving innovation and progress in the fintech industry.

    Chief Financial Officer Genni Combes and General Counsel & Chief Compliance Officer Kristen Howell have both been honored for their leadership, industry insights, and contributions to the company, and their impact across the fintech industry. They join a list of industry-leading women from other top companies including Consero, Finastra, and NMI.

    As CFO at CrowdStreet, Combes has been a driving force in shaping the company’s financial strategy and operations. Her strategic insights have helped establish the company’s financial foundation, enabling it to scale and navigate a competitive and fast-paced market. As General Counsel & Chief Compliance Officer, Howell has played a key role in evolving CrowdStreet’s business model and product offerings, working to ensure compliance with complex regulatory laws. Her knowledge in legal and regulatory matters has allowed CrowdStreet to consistently scale its operations. Combined, the two have over three decades of experience that will enable CrowdStreet to grow, evolve, and thrive in the alternatives market that is expected to reach $29T by 2029.

    “We are incredibly proud of Genni and Kristen for receiving this well-deserved recognition,” said John Imbriglia, CEO of CrowdStreet. “Their leadership has been instrumental in helping CrowdStreet thrive as a category leader for direct-access alt investing. This honor underscores their relentless dedication to excellence and their commitment to serving as shining lights for the next generation of female leaders.”

    The Top 50 Women Leaders in Financial Technology list is curated annually by The Financial Technology Report and recognizes women who have significantly shaped the fintech industry. Winners were selected through a comprehensive vetting process that examined candidates’ professional milestones achieved, demonstrated domain prowess, and longevity in the fintech field. The award leaders have demonstrated outstanding vision, innovation, and impact in the fintech sector.

    The private market investing landscape is growing, yet institutions still primarily control access to these opportunities and the vast majority of products created by investment firms are only available to financial advisors. CrowdStreet’s seasoned team of professionals provides these opportunities through the platform so its members can access the same kinds of investments that have been historically reserved for institutions and ultra-wealthy individuals. As of February 2025, the company’s thousands of members have invested billions of dollars through CrowdStreet’s platform, where they have accessed a wide range of investment opportunities.

    About CrowdStreet 

    CrowdStreet is a leading platform for direct-access private market investing. The company offers a carefully selected marketplace of alternative investment opportunities that have historically only been available to a small group of people. In addition to providing advanced tools, research, and insights to help investors confidently explore these exclusive opportunities, CrowdStreet is also building a member experience rooted in trust and experience – working to further bridge the gap between investment opportunities and true financial wealth. Learn more at https://www.crowdstreet.com/.

    Media Contact
    LaunchSquad
    crowdstreet@launchsquad.com

    CrowdStreet, Inc. (“CrowdStreet”) offers investment opportunities and financial services on its website. Broker dealer services provided in connection with an investment are offered through CrowdStreet Capital LLC (“CrowdStreet Capital”), a registered broker dealer, Member FINRA/SIPC. Advisory services are offered through CrowdStreet Advisors, LLC (“CrowdStreet Advisors”), a wholly-owned subsidiary of CrowdStreet and a federally registered investment adviser. Investment opportunities available through CrowdStreet are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

    The MIL Network –

  • MIL-OSI: CareCloud Announces Conversion of Series A Preferred Stock

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., March 06, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare information technology and generative AI solutions for medical practices and health systems nationwide, announced today (the “Mandatory Exchange Date”) that it effected the mandatory conversion (the “Conversion”) of shares of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Preferred Stock”), into the Company’s Common Stock, $0.001 par value per share (the “Common Stock”).

    “We are excited to announce this conversion, which will eliminate approximately $7 million or more in annual dividend obligations, freeing us to reinvest this capital in our growth,” said Norman Roth, Interim Chief Financial Officer and Corporate Controller of CareCloud. “Further, this conversion will provide us with a cleaner capital structure and good flexibility from which to continue creating value for our shareholders.”

    The Company’s Board of Directors elected to exercise its conversion rights, which provide for the conversion of each share of Preferred Stock into 7.3358 shares of Common Stock, inclusive of all accumulated and unpaid dividends. Any fractional shares of Common Stock which would otherwise be issuable will be rounded up to the next whole share of Common Stock. Dividends on converted shares will cease to accrue on the Mandatory Exchange Date.

    The Conversion will be effective at 4:01 p.m. Eastern Time on March 6, 2025. Individual shareholders who, as of the Mandatory Exchange Date, owned at least 100,000 shares of Preferred Stock will not have their shares of Series A Preferred Stock automatically converted to Common Stock so long as they were held by the Company’s transfer agent, and presently retain the limited right to object to the Conversion.

    Additional information regarding the Conversion can be found in the Amended and Restated Certificate of Designations, Preferences, and Rights of the 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, which is available on the website of the Securities and Exchange Commission.

    About CareCloud

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

    Follow CareCloud on LinkedIn, X and Facebook.

    Disclaimer

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

    Forward-Looking Statements

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

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

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

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

    SOURCE CareCloud

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

    Investor Contact:

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

    The MIL Network –

  • MIL-OSI: ZOOZ Power Reports H2 and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, March 06, 2025 (GLOBE NEWSWIRE) — ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today its second half and full year 2024 financial results and provided a corporate update.

    ZOOZ Power’s revenue increased in 2024, doubling the number of systems sold in 2023. Revenue increased by 36% from $0.76 million in 2023 to $1.04 million in 2024. While revenue in 2023 included related installations services provided only in 2023 as part of early penetration, in 2024 revenue relates to systems only.

    “As the EV market continues to evolve, ZOOZ Power remains dedicated to delivering innovative power-boosting and energy management solutions that enhance the accessibility and efficiency of ultra-fast charging stations worldwide. I am excited to lead ZOOZ Power and focus on global expansion”, said Erez Zimerman, ZOOZ Power’s CEO.

    “With our unique flywheel-based power boosting technology and recent deployments in key global markets, we are uniquely positioned to grow our presence globally. We are currently scaling operations in Germany and France and advancing partnerships with leading charge point operators. These steps underscore our commitment to enhance infrastructure efficiency and empower the EV ecosystem. I look forward to our success in 2025 as we shape the future of sustainable, high-performance charging solutions”, concluded Erez Zimerman.

    Operational Highlights for the Six Months Ended December 31, 2024

      ● In July 2024, ZOOZ Power expanded its presence in Germany, with its power boosters now operational at four sites, leading charge point operators. A fifth purchase order and deployment, currently underway, is a strong testament to the customer’s trust in ZOOZ’s technology. These successful deployments demonstrate ZOOZ Power’s role as a key enabler of sustainable, high-performance EV charging solutions and a trusted operating partner.
      ● Following a successful pilot of the ZOOZTER™-100 system at the Dor-Alon gas station along Highway 6 (one of Israel’s main transportation corridors), which led to a significant increase in charging sessions per day and demonstrated a relatively short ROI. Dor-Alon decided to adopt the ZOOZ solution and purchased the system.
      ● In August, ZOOZ Power appointed Erez Zimerman as its new Chief Executive Officer, effective September 17th. Zimerman brings extensive experience across hardware and software, with a proven track record in company turnarounds, IPOs, acquisitions, and scaling global sales.
      ● To further accelerate growth, ZOOZ Power expanded its sales team in Germany and France, two of Europe’s most dynamic and fast-growing electric vehicle markets. This strategic move enhances the company’s capacity to meet the increasing demand for efficient and sustainable EV charging infrastructure throughout the region.
      ● In October 2024, ZOOZ deployed it’s ZOOZTER™-100 system at NYPA (New York Power Authority). New York Power Authority President and CEO Justin E. Driscoll said, “Innovation is a priority for the Power Authority, and partnerships like the one with ZOOZ are integral to our work to decarbonize our economy and support transportation electrification in New York State.”
      ● In November 2024, ZOOZ Power entered into a Standby Equity Purchase Agreement (SEPA) securing access to up to $12 million in flexible financing over a two-year period. This financing option provides the company with greater flexibility to raise capital strategically, ensuring support for its growth initiatives while maintaining control over the timing and volume of equity sales.

    Financial Highlights:

    Six Months Ended December 31, 2024

      ● Revenue: ZOOZ reported approximately $498 thousand in revenue for the six months ended December 31, 2024, compared to no revenue for the six months ended December 31, 2023. The revenue reported reflects sale of ZOOZTER™-100 systems,
      ● Cost of revenues: Cost of revenues for the six months ended December 31, 2024, were approximately $776 thousand, compared with approximately $888 thousand for the six months ended December 31, 2023. Cost of revenues for the six months ended December 2023 is mainly attributed to fair value adjustments and raw material write-offs.
      ● Research and Development Expenses, Net: Research and development expenses, net for the six months ended December 31, 2024, were approximately $2,633 thousand, compared with approximately $2,563 thousand for the six months ended December 31, 2023.
      ● Sales and Marketing Expenses: Sales and marketing expenses for the six months ended December 31, 2024, were approximately $494 thousand, compared with approximately $1,710 thousand for the six months ended December 31, 2023. The decrease is mainly attributed to the recognition of grants received as part of the NYPA (New York Power Authority) Cooperation Agreement, following the successful installation of ZOOZTER™-100 system, which effectively offset Sales and Marketing expenses in 2024.
      ● General and Administrative Expenses: General and administrative expenses for the six months ended December 31, 2024, were approximately $1,872 thousand, compared with approximately $1,322 thousand for the six months ended December 31, 2023. The increase is mainly attributed to D&O insurance costs and other expenses related to the Company’s listing for trading on the Nasdaq following the consummation of the Business Combination, effective as of April 4, 2024.
      ● Net loss: Net loss for the six months ended December 31, 2024, was approximately $5,753 thousand, or $0.50 per basic and diluted share, compared with a net loss of approximately $6,353 thousand, or $1.07 per basic and diluted share, for the six months ended December 31, 2023.

    Full Year Ended December 31, 2024

      ● Cash: As of December 31, 2024, ZOOZ had approximately $7,532 thousand in cash, cash equivalents and short-term deposit, compared with approximately $6,672 thousand as of December 31, 2023. Since ZOOZ has just started commercial sales of its products and considering ZOOZ’s expected cash usage, early this year ZOOZ initiated certain measures designed to reduce its operation cost, such as workforce reduction where it deemed appropriate and has continued its sales and marketing efforts. In addition, ZOOZ expects that it will need to obtain additional funding in 2025 in connection with its continuing operations.
      ● Revenue: ZOOZ reported approximately $1,041 thousand in revenue for the full year ended December 31, 2024, compared with approximately $764 thousand for the full year ended December 31, 2023. The revenue reported reflects sales of ZOOZTER™-100 systems.
      ● Cost of revenues: Cost of revenues for the full year ended December 31, 2024, were approximately $1,527 thousand, compared with approximately $1,869 thousand for the full year ended December 31, 2023. Please refer to “Six Months Ended December 31, 2024” for the description of this decrease.
      ● Research and Development Expenses, Net: Research and development expenses, net for the full year ended December 31, 2024, were approximately $5,062 thousand, compared with approximately $5,215 thousand for the full year ended December 31, 2023.
      ● Sales and Marketing Expenses: Sales and marketing expenses for the full year ended December 31, 2024, were approximately $1,324 thousand, compared with approximately $3,041 thousand for the full year ended December 31, 2023. Please refer to “Six Months Ended December 31, 2024” for the description of this decrease.
      ● General and Administrative Expenses: General and administrative expenses for the full year ended December 31, 2024, were approximately $3,664 thousand, compared with approximately $2,850 thousand for the full year ended December 31, 2023. Please refer to “Six Months Ended December 31, 2024” for the description of this increase.
      ● Net loss: Net loss for the full year ended December 31, 2024, was approximately $10,990 thousand, or $1.09 per basic and diluted share, compared with a net loss of approximately $11,755 thousand, or $1.99 per basic and diluted share, for the full year ended December 31, 2023.

    Results (K)

        H2 2024
    Unaudited    		     H2 2023
    Unaudited    		     FY 2024
    Audited    		     FY 2023
    Audited    		  
    Revenues   $ 498       –     $ 1,041     $ 764  
    Net Loss   $ 5,753     $ 6,353     $ 10,990     $ 11,755  
    Loss per diluted share   $ 0.50     $ 1.07     $ 1.09     $ 1.99  

    Full financial tables are included below

    About ZOOZ Power

    ZOOZ is the leading provider of flywheel-based power boosting and energy management solutions, enabling the widespread deployment of ultra-fast charging infrastructure for electric vehicles (EVs) while overcoming existing grid limitations.

    ZOOZ pioneers its unique flywheel-based power-boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure.

    ZOOZ Power’s sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth. ZOOZ is publicly traded on NASDAQ and TASE under the ticker ZOOZ

    For more information, please visit: www.zoozpower.com/

    Investor Contact:

    Miri Segal – CEO
    MS-IR LLC
    msegal@ms-ir.com

    Media enquiries:
    Media@zoozpower.com

      
    Forward-Looking Statement

    This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of ZOOZ Power. All statements other than statements of historical facts contained in this press release, including statements regarding ZOOZ Power, and any of ZOOZ Power’s strategy, future operations and statements related to the collaboration between ZOOZ Power and “ON” charging network (including any plans to implement ZOOZ Power’s solution and upgrade an additional site of “ON” on Route 6) are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause ZOOZ Power’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other risks and uncertainties are more fully discussed in the “Risk Factors” section of ZOOZ’s most recent Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (“SEC”) as well as other documents that may be subsequently filed by the Company from time to time with the SEC. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements relating to the limited operating history and evolving business model that make it difficult for investors to evaluate ZOOZ Power’s business and future prospects, material weaknesses identified in ZOOZ Power’s internal control over financial reporting and the potential results of ZOOZ Power being unable to remediate these material weaknesses, or identify additional material weaknesses in the future or otherwise failure to maintain an effective system of internal control over financial reporting, ZOOZ Power’s management’s determination that substantial doubt exists about the continued existence of ZOOZ Power as a “going concern”, changes to fuel economy standards or changes to governments’ regulations and policies in relation to environment or the success of alternative fuels which may negatively impact the EVs market and thus the demand for ZOOZ Power’s products, delays in deployment of public ultra-fast charging infrastructure which may limit the need and urgency for ZOOZ Power’s products, the potential outcome of ZOOZ Power’s collaborations with third parties for installation of its flywheel-based power boosting solution, and conditions in Israel and in the Middle East, including the effect of the evolving nature of the ongoing “Swords of Iron” war, may adversely affect ZOOZ Power’s operations. These forward-looking statements are only estimations, and ZOOZ Power may not actually achieve the plans, intentions or expectations disclosed in any forward-looking statements, so you should not place undue reliance on any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements made in this Press Release. Management of ZOOZ Power has based these forward-looking statements largely on current expectations and projections about future events and trends that such persons believe may affect ZOOZ Power’s business, financial condition and operating results. Forward-looking statements contained in this Press Release are made as of the date hereof, and none of ZOOZ Power or any of its representatives or any other person undertakes any duty to update such information except as may be expressly required under applicable law.

      
    ZOOZ POWER LTD
    CONSOLIDATED BALANCE SHEETS
    (U.S. dollars in thousands) – (Unaudited)

        December 31  
        2024     2023  
    ASSETS                
    CURRENT ASSETS:                
    Cash     7,532       6,672  
    Restricted bank deposits     34       –  
    Prepaid expenses     370       203  
    Other current assets     397       549  
    Inventory     2,320       2,848  
    TOTAL CURRENT ASSETS     10,653       10,272  
    NON-CURRENT ASSETS:                
    Restricted bank deposits     192       224  
    Prepaid expenses     91       79  
    Operating lease right of use assets     974       1,309  
    Property and equipment, net     927       1,593  
    TOTAL NON-CURRENT ASSETS     2,184       3,205  
    TOTAL ASSETS     12,837       13,477  
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    CURRENT LIABILITIES:                
    Accounts payable     297       536  
    Other payables and accrued expenses     870       1,387  
    Short term employee benefits     668       788  
    Share based payment liabilities     –       232  
    Promissory note     890       –  
    Promissory note – Related party     2,151       –  
    Current maturities of operating lease liabilities     314       309  
    TOTAL CURRENT LIABILITIES     5,190       3,252  
                     
    NON-CURRENT LIABILITIES:                
    Warrants liability     331       –  
    Operating lease liabilities     598       1,035  
    TOTAL NON-CURRENT LIABILITIES     929       1,035  
                     
    TOTAL LIABILITIES     6,119       4,287  
                     
    TOTAL EQUITY     6,718       9,190  
    TOTAL LIABILITIES AND EQUITY     12,837       13,477  

    ZOOZ POWER LTD
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (U.S. dollars in thousands, except share and per share data) – (Unaudited)

        Year ended December 31  
        2024     2023     2022  
                       
    Revenue     1,041       764       –  
    Cost of revenue     1,527       1,869       178  
    Gross loss     (486 )     (1,105 )     (178 )
                             
    Research and development, net     5,062       5,215       4,163  
    Sales and marketing     1,324       3,041       1,672  
    General and administrative     3,664       2,850       2,189  
                             
    Operating loss     (10,536 )     (12,211 )     (8,202 )
                             
    Interest expenses     171       –       –  
    Other finance expenses (income), net     283       (456 )     (377 )
    Net loss     (10,990 )     (11,755 )     (7,825 )
                             
    Net loss per ordinary share attributable to shareholders – basic and diluted     (1.09 )     (1.99 )     (1.51 )
    Weighted average ordinary shares outstanding – basic and diluted     10,070       5,912       5,166  

    ZOOZ POWER LTD
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (U.S. dollars in thousands) – (Unaudited)

        June 30     December 31  
        2024     2023  
    ASSETS                
    CURRENT ASSETS:                
    Cash and cash equivalents     7,721       6,672  
    Short term deposits     3,507       –  
    Prepaid expenses     838       203  
    Other current assets     611       549  
    Inventory     2,470       2,848  
    TOTAL CURRENT ASSETS     15,147       10,272  
                     
    NON-CURRENT ASSETS:                
    Restricted bank deposits     219       224  
    Prepaid expenses     104       79  
    Operating lease right of use assets     1,133       1,309  
    Property and equipment, net     1,411       1,593  
    TOTAL NON-CURRENT ASSETS     2,867       3,205  
    TOTAL ASSETS     18, 014       13,477  
                     
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    CURRENT LIABILITIES:                
    Accounts payable     303       536  
    Other payables and accrued expenses     912       1,387  
    Short term employee benefits     662       788  
    Share based payment liabilities     –       232  
    Promissory note     856       –  
    Promissory note – Related party     2,069       –  
    Current maturities of operating lease liabilities     313       309  
    TOTAL CURRENT LIABILITIES     5,115       3,252  
                     
    NON-CURRENT LIABILITIES:                
    Warrants liability     181       –  
    Operating lease liabilities     824       1,035  
    TOTAL NON-CURRENT LIABILITIES     1,005       1,035  
                     
    TOTAL LIABILITIES     6,120       4,287  
                     
    TOTAL EQUITY     11,894       9,190  
    TOTAL LIABILITIES AND EQUITY     18,014       13,477  

    ZOOZ POWER LTD
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (U.S. dollars in thousands, except share and per share data) – (Unaudited)

        Six months ended June 30,  
        2024     2023  
                 
    Revenues     543       784  
    Cost of revenue     751       981  
                     
    Gross loss     (208 )     (197 )
                     
    Research and development, net     2,429       2,652  
    Sales and marketing, net     830       1,331  
    General and administrative     1,792       1,528  
                     
    Operating loss     (5,259 )     (5,708 )
                     
    Finance income, net     22       306  
    Net loss     (5,237 )     (5,402 )
                     
    Net loss per ordinary share attributable to shareholders – basic and diluted     (0.59 )     (0.91 )
    Weighted average ordinary shares outstanding – basic and diluted     8,854       5,912  

    The MIL Network –

  • MIL-OSI: VERB’s ‘Go Fund Yourself’ TV Show Propels Issuer Freedom Chat to New Heights

    Source: GlobeNewswire (MIL-OSI)

    LOS ALAMITOS, Calif. and LAS VEGAS, March 06, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, the groundbreaking reality TV series and innovative new platform at the intersection of entertainment and entrepreneurship disrupting the crowd funding industry, continues to demonstrate its impact on emerging businesses. The Show airs weekly on CheddarTV, available on most cable operators, prime time at 7pm EST. The innovative show format features on-screen icons and QR codes that allow viewers to click or scan to invest in the presenting companies or purchase their products in near real-time while watching the Show, all in strict compliance with regulatory rules and regulations.

    Last week, Reg CF issuer Freedom Chat, a next-generation social messaging app focused on privacy and security, appeared on the Show. The result – not only did the issuer raise much needed capital but also acquired invaluable insights from the Show’s accomplished panel of business Titans.

    The episode featured a dynamic pitch by Freedom Chat founder and CEO Tanner Haas, a four-time founder and three-time author with multiple successful exits, and an intensely engaged panel of the Show’s Titans, including Rory J. Cutaia, the Show’s creator and Founder & CEO of Verb Technology Company, Inc. (NASDAQ:VERB), David Meltzer, Chairman of the Napoleon Hill Institute and former CEO of the renowned Leigh Steinberg Sports & Entertainment agency, and Jayson Waller, successful serial entrepreneur, founder & CEO of multiple successful businesses, including a billion dollar revenue business, and host of the popular Jayson Waller Unleashed Podcast.

    “The opportunity to present Freedom Chat on Go Fund Yourself was truly a game-changer,” said Tanner Haas, Founder of Freedom Chat. “The insights, guidance, and direct access to the Titans on the Show gives us a competitive edge that no other platform could have provided. The funding was instrumental, but the mentorship we received is what will help propel us forward. I can’t express enough how valuable this experience has been and how fun it was.”

    “The success of Go Fund Yourself isn’t just about securing capital — it’s about equipping entrepreneurs with the knowledge, connections, and strategic tools they need to scale effectively,” said Rory J. Cutaia. “Freedom Chat is a perfect example of an entrepreneur with an incredible vision to address a well-defined market need for a secure and private messaging platform that, with the right exposure, backing and insights, can create a new dominant player in the digital messaging space. I believe his appearance on our Go Fund Yourself TV Show helped propel the execution of his vision forward.”

    “Without question, the Show is a much needed boon not just for entrepreneurs and the crowdfunding industry generally, but also, perhaps even more importantly, for everyday people who now have direct access to investment opportunities traditionally reserved for insiders, opportunities the average person might never see.” 

    Apply Now to Be Featured on ‘Go Fund Yourself’
    Are you an entrepreneur or business owner that would like to be featured on Go Fund Yourself TV Show – Click HERE to apply today and discover how the Show can propel your business to new heights.

    As Freedom Chat continues its upward trajectory, its success underscores the vital role that Go Fund Yourself plays in identifying, mentoring, and amplifying the next wave of disruptive entrepreneurs. The Show is proving to be the ultimate launchpad for startups looking to scale with more than just funding — but with expertise, guidance, key relationships, and game-changing exposure.

    About Go Fund Yourself TV Show

    Innovating Business Crowdfunding on Prime-Time Television
    Airing in a prime-time weekly slot every Thursday at 7 PM ET on Cheddar TV, Go Fund Yourself brings an innovative, interactive approach to startup funding. Entrepreneurs pitch their businesses to a panel of Titans, competing for investment and audience engagement. The Show’s technology allows viewers to invest in featured companies in near real-time by tapping, clicking, or scanning on-screen icons, creating an unprecedented bridge between startups and investors.

    Titans Leading the Way 
    The Show’s expert panel of Titans include:

    • David Meltzer – Chairman of the Napoleon Hill Institute and Former CEO of the Leigh Steinberg Sports & Entertainment agency 
    • Jayson Waller – Thought leader, CEO of multiple multi-million-dollar companies, and host of the popular Unleashed Podcast 
    • Rory J. Cutaia – the Show’s creator and Founder and CEO of VERB Technology Company [Nasdaq: VERB], and disruptor behind livestream social selling phenom MARKET.live
    • Rotating celebrity guest Titans from the worlds of business, sports, and entertainment

    Unmatched Visibility for Entrepreneurs
    With Cheddar’s expansive digital and social reach, Go Fund Yourself TV Show ensures startups receive unparalleled exposure. Each episode will be broadcast three times per week, with a season-ending marathon maximizing visibility for participating companies. The series will also be heavily promoted across Cheddar’s social and digital platforms to further amplify its reach.

    How to Watch & Stay Connected

    • New Episodes air every Thursday night at 7 PM ET on CheddarTV on your local cable channels and online at Cheddar.com
    • Catch all previous episodes on CheddarTV’s YouTube Channel
    • Follow Go Fund Yourself Show on social media for exclusive content: 

    For more information about Go Fund Yourself, visit GoFundYourself.Show

    For more information about Freedom Chat, visit FreedomChat.com

    About VERB Technology Company
    Verb Technology Company, Inc. (NASDAQ: VERB), is the innovative force behind interactive video-based social commerce. The Company’s MARKET.live platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of e-commerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF!, is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California.

    FORWARD-LOOKING STATEMENTS
    This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, those identified in our filings with the Securities and Exchange Commission (the “SEC”), including our annual, quarterly, and current reports filed with the SEC and the risk factors included in our annual report on Form 10-K filed with the SEC on April 1, 2024. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments, or otherwise.

    Investor Relations:
    investors@verb.tech

    The MIL Network –

  • MIL-OSI: Global Shift in Governmental Policies Incentivizing U.S. Manufacturing for Drone Manufacturers

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – From the perspective of U.S. competitiveness and security, incentivizing U.S. leadership in the drone industry ― the focal point of a new era of aviation ― represents a strategic imperative in a market long characterized by state-subsidized companies based in China. AUVSI, an industry insider reported: “that it believes it is essential to advance security and competitiveness in a thoughtful way that respects existing investments while building toward a more secure, sustainable future that puts U.S. interests ― including security, the economy, and overarching values ― first. U.S. drone manufacturers and their component supply chain have struggled to compete against foreign subsidized competition, which hinders the availability of American-made UAS on the market and impedes workforce growth and investment. Accordingly, the U.S. government must foster a more competitive and fair playing field for U.S.-based drone manufacturers. AUVSI is advocating for specific proposals that would generate demand for U.S.-made drones and supply-side measures that level the playing field for U.S. drone and component manufacturers against subsidized competition and dumping practices.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), EHang Holdings Limited (NASDAQ: EH), AeroVironment, Inc. (NASDAQ: AVAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), ParaZero Technologies Ltd. (NASDAQ: PRZO).

    AUVSI continued: “Bolstering new drone manufacturing capabilities and the associated workforce will require infrastructure and capital expenditures. Providing tax incentives and other mechanisms to spur that spending would accelerate growth and development that would have otherwise been delayed or denied. Manufacturer tax credits for the production and sale of certain UAS equipment and components produced and sold in the U.S. would benefit the industry and its competitiveness and would decrease reliance on subsidized, foreign drones. This has worked in other industries. According to the Financial Times, U.S. manufacturing commitments doubled ― to more than $200 billion, creating 82,000 jobs ― based on the success of tax incentive programs for other industries, including solar panels, semiconductors, electric vehicles, and other clean technologies. In taking action to level the playing field and promote competition, the U.S. government should coordinate activities with allied and partner nations to create a stronger, more secure supply chain.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Benefits from New Chinese Tariffs Also Helping its Commercial and Defense Customer Markets – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today announces an update on its US-based ZenaDrone subsidiary’s Arizona and Taiwan manufacturing supply chain strategy in light of the current economic changes and tariffs announced by the current US Administration. ZenaDrone will continue to source and manufacture drone cameras, sensors and other related components at its Taiwan-based Spider Vision Sensors company to reduce its supply chain risk and ensure NDAA-compliant parts for its US Defense-destined drone products, which will be manufactured in Arizona. The company also benefits from recent announcements doubling tariffs on Chinese imports including drones and parts from 10% to 20% which will negatively impact many US drone companies and customers given the drone industry dominance of China.

    “The current administration’s focus on strengthening US manufacturing and reducing reliance on Chinese drone imports is a game-changer for American companies like ours. With increased tariffs on Chinese drones and components, and new incentives for domestic production, we are well-positioned to expand our operations to manufacture in Arizona, also creating more high-quality American jobs. Since we’ve already initiated sourcing of our component parts from Taiwan instead of China, we can avoid supply chain disruptions while benefiting from potential US manufacturing tax breaks. We believe this makes our drones more competitive for both government and commercial markets,” said CEO Shaun Passley, Ph.D.

    “This also puts us ahead of domestic competitors who may be facing challenges with supply chain instability and less access to cutting-edge technologies. By leveraging Taiwan’s capabilities and our focus on security and compliance, we’re poised to meet increasing defense demand while minimizing operational risks,” added Dr. Passley.

    The Spider Vision Sensors Taiwan office opened in November 2024 to manufacture drone cameras, sensors, electronics, and components, including LiDAR (Light Detection and Ranging), thermal, infrared, and multi-spectral sensors, and circuit boards to incorporate into ZenaDrone’s finished products. Having in-house manufactured sensors and components will enable ZenaDrone to maintain a steady supply to fulfill customer drone order needs at its Sharjah, UAE manufacturing facilities as well as its future Arizona-based drone manufacturing facilities for US military-destined “Made in America” drones.

    Taiwan was selected due to its size and skills as an electronics hub, and the availability of low-cost alternative components versus those from China. Spider Vision Sensors will ensure ZenaDrone’s products and supply chain are compliant with the US NDAA (National Defense Authorization Act) requirements necessary to do business with the US Military. This along with the Green UAS (Uncrewed Arial System) and the Blue UAS are important certifications ensuring cybersecurity and country of origin compliance for drone companies which the company has stated it plans to achieve. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced a strategic cooperation framework agreement with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Motors”) and Hefei Guoxian Holdings Co., Ltd. (“Guoxian Holdings”). Under this agreement, cooperation will focus on establishing a joint venture in Hefei to invest in the construction of a state-of-the-art manufacturing base for low-altitude aircraft. The facility will integrate advanced technology, standardization, and automation to produce intelligent and pilotless electric vertical takeoff and landing aircraft (“eVTOL”).

    The strategic cooperation signing ceremony was attended by key officials including Fei Yuan, Standing Committee Member of Hefei Municipal Committee and Vice Mayor of Hefei; Xingchu Xiang, Chairman, and General Manager of JAC Motors; Xingke Yin, Vice General Manager of JAC Motors; Huazhi Hu, Founder, Chairman, and CEO of EHang; and Zhao Wang, Chief Operating Officer of EHang. They were joined by other distinguished guests in witnessing the signing of the strategic cooperation agreement, marking a new milestone in the high-quality development of China’s low-altitude economy ecosystem.

    AeroVironment, Inc. (NASDAQ: AVAV) recently reported financial results for the fiscal third quarter ended January 25, 2025. Third Quarter Highlights Were:

    Record funded backlog of $763.5 million as of January 25, 2025

    Third quarter revenue of $167.6 million down 10% year-over-year

    Third quarter net loss of $(1.8) million and non-GAAP adjusted EBITDA of $21.8 million

    “We faced a number of short-term challenges in the third quarter, including the unprecedented high winds and fires in Southern California, which impacted our ability to meet our goals,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “Nevertheless, we made significant progress towards executing our long-term growth strategy and building resiliency for the future.”

    Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) and RAFAEL Advanced Defense Systems Ltd., recently announced an approximate 50/50 partnership for the establishment of a U.S.-based merchant supplier of solid rocket motors (SRMs) and other energetics. The new joint venture, named Prometheus Energetics (“Prometheus”), is set to be headquartered on an approximate 500-acre site near the United States Navy and Army facility in Crane, Indiana.

    Eric DeMarco, President and CEO of Kratos Defense, said, “We believe Prometheus, once up and running at full rate production, will be a step function catalyst in value creation for Kratos’ stakeholders and the U.S. defense industrial base, similar to Kratos’ recent MACH-TB contract award—the largest single-award contract in Kratos history. Like other major Kratos investments such as Oriole, Zeus, and Erinyes, Prometheus responds to a critical need to strengthen the U.S. Industrial Base and will also provide tens of thousands of SRMs and casted warheads supporting both America’s most reliable partner in the Middle East and United States national security related demand from a true SRM and energetics merchant supplier.”

    ParaZero Technologies Ltd. (NASDAQ: PRZO) recently announced that it has successfully achieved regulatory compliance with the European Union Aviation Safety Agency (EASA) for its SafeAir systems. This milestone marks a step forward for the company, solidifying its position as a trusted provider of safety solutions in the rapidly expanding drone market.

    ParaZero secured EASA compliance for its SafeAir systems. The Company announced last week that its system is integrated with the DJI Matrice 350, DJI Mavic 3T, and DJI Mavic 3E, and has successfully achieved CE Class C5 compliance. This achievement marks a significant advancement in drone safety and regulatory readiness, particularly within the European market.

    The CE Class C5 certification is crucial for compliance with the European Union Aviation Safety Agency (EASA) regulations, especially for operators navigating the complex Specific Operations Risk Assessment (SORA) process. By meeting these stringent requirements, ParaZero’s SafeAir systems simplify the regulatory pathway for drone operators, enabling them to conduct missions in an urban environment, with greater confidence, efficiency, and safety.

    About FN Media Group:

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

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

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

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: SAIC Schedules Fourth Quarter Fiscal Year 2025 Earnings Conference Call for March 17 at 10 A.M. ET

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., March 06, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) is scheduled to issue its fourth quarter fiscal year 2025 results before market open on Monday, March 17, 2025. SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company’s earnings press release.

    The conference call will be webcast simultaneously to the public through a link on the Investors Relations section of the SAIC website. The company will only provide webcast access, “dial-in” access will not be available, and a supplemental presentation will be available to the public through links provided on the website.

    After the call concludes, an on-demand audio replay of the webcast can be accessed on the SAIC Investors Relations website.

    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

    703.362.6046 | kara.g.ross@saic.com

    The MIL Network –

  • MIL-OSI: Municipality Finance Plc Amends the Terms and Conditions of Medium Term Notes

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    6 March 2025 at 4:00 pm (EET)

    Municipality Finance Plc Amends the Terms and Conditions of Medium Term Notes

    Municipality Finance Plc amends the terms and conditions pertaining to EUR 10 million medium term notes issued on 11 February 2025 (ISIN: XS2999632172). With the amendments, the notes are in new global note form and accordingly are intended to be held in a manner which would allow Eurosystem eligibility in other respects, the terms and conditions of the notes remain unchanged. The amended and restated final terms are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    Holders of the notes have approved the amendments. The notes have been admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI United Kingdom: Statement: Attorney General Mark Temple KC responds to JEP headline story on legal spend06 March 2025 ​​​The JEP’s recent reporting on the Law Officers’ Department is inaccurate, misleading and actively undermines the LOD staff who work so hard to enforce law and order and keep our Island safe. It is disappointing… Read more

    Source: Channel Islands – Jersey

    06 March 2025

    ​​​The JEP’s recent reporting on the Law Officers’ Department is inaccurate, misleading and actively undermines the LOD staff who work so hard to enforce law and order and keep our Island safe. It is disappointing that the JEP published a Weekend Essay, the Headline to the JEP Weekend Edition (Law officers’ ‘obscene’ £1.6 million spending revealed’) and the Editor’s Column on Saturday 1 March 2025, all without first obtaining comment from the Law Officers’ Department (LOD).

    The headline figure of £1.6 million from October 2023 to September 2024 represents all the LOD’s external legal spend in a particularly demanding year.  This includes the unprecedented large investigations relating to the gas explosion at Haut du Mont and the sinking of the L’Ecume II fishing vessel, specialist Civil cases, Safeguarding cases, Mutual Legal Assistance cases, external Crown Advocates in local Jersey law firms, and major international financial crime cases which are vital to safeguarding the Island’s reputation as a financial centre.

    The time period also coincides with a huge increase in the numbers of Royal Court trials, particularly for offences involving Violence Against Women and Girls.  The LOD is improving prosecution and conviction rates for such offences but needs input from external lawyers specialising in such cases to achieve this.

    ​The vast majority of the LOD’s cases are advised on by LOD lawyers and staff without any instruction of external lawyers.  It is only in exceptional cases where there is a particular need for additional support or training that an external lawyer is also instructed. They do not write scripts for LOD Advocates to read but, where they are instructed, they may comment on drafts produced by LOD Advocates. 

    The JEP articles omit any mention of the fact that monies spent on external lawyers can be recovered from the opposing side in litigation or from the defendant in criminal cases, through confiscation or forfeiture orders, or through costs orders.  The LOD has recovered many millions which have been paid into the Criminal Offences Confiscation Fund or the Civil Asset Recovery Fund where they can be used for the projects for the benefit of the Island.  For example, the first major confiscation under the 2018 Forfeiture of Assets (Civil Proceedings) Law resulted in US$10 million paid into the COCF in 2019, and in 2020 the Doraville case resulted in US$5 million being retained for the Island.

    It is also wrong to suggest that there is no scrutiny of spending on external lawyers.  All spending is in accordance with the procedures set out in the Public Finances Manual.  Discounted rates are obtained for the work, the work is spread between providers to ensure competitive prices, the quality of the work is monitored.  The Department is subject to audit by the C&AG. 

    The LOD has also been subject to an annual on-site inspection by Lexcel since 2019, which is an independent quality assurance standard and to independent oversight by an Audit Committee set up in accordance with a recommendation from the C&AG.  The most recent Lexcel inspection report stated:  “It is clear to the assessor that the Lexcel standard remains fully embedded in practice and the standard runs through the heart of every aspect of the department’s functions resulting in a well-managed, cohesive and risk averse department.”

    The LOD does not have a Press Officer and was contacted by the JEP with a series of questions via the General Enquiries email box less than three hours before a deadline on a day when the Practice Director was away from the office.  We replied that we were unable to respond within the tight deadline but would reply the next week when the Practice Director returned to the office.  In view of the inaccuracies summarised above it is regrettable that the JEP chose to publish without waiting for any comment or input from the LOD.

    MIL OSI United Kingdom –

  • MIL-OSI Video: President Ramaphosa delivers the keynote address at the Microsoft SA Investment Announcement launch.

    Source: Republic of South Africa (video statements-2)

    President Ramaphosa delivers the keynote address at the Microsoft SA Investment Announcement launch.

    https://www.youtube.com/watch?v=oZdNQ4cmz-4

    MIL OSI Video –

  • MIL-OSI United Kingdom: Council to receive capitalisation direction following independent financial review

    Source: City of Plymouth

    The Government has written to Plymouth City Council to confirm its intention to grant a capitalisation direction, with no further investigation required into a previous financial transaction. This follows an independent review of the Council’s finances. 

    Last year, the Council had requested a capitalisation direction from the Department for Levelling Up, Housing and Communities (DLUHC) to resolve issues related to a 2019/20 transaction that saved public money. The Council used a novel treatment to borrow capital funds to significantly reduce the ongoing cost of a pension deficit to the Council’s revenue budget.

    This enabled the Council to make more than £9 million savings to its revenue budget because paying the interest on the loan was cheaper than paying the deficit every year.

    Whilst the previous government was minded to issue the capitalisation, it was subject to a number of independent checks – including an examination of our finances by the Chartered Institute of Public Finance and Accountancy (CIPFA).

    Following a detailed review, CIPFA provided a positive assessment of the Council’s financial position, noting the efficient and effective financial management processes and strong and clear ownership of budgets across the council. In addition, the Council’s independent auditors also reviewed the transaction, and whilst they acknowledged it was unusual, it had not been ‘detrimental to the public purse’.

    Therefore, Jim McMahon MP, the Minister for Local Government, has written to the Council to confirm that subject to reassurances regarding what steps have been taken to put in place robust procedures for any future transactions of a similar nature, he is minded to grant the capitalisation direction, without the need for any further reviews or investigations.

    Responding to the letter, Councillor Tudor Evans, Leader of the Council, said: “We welcome the Government’s confirmation that thanks to a clean bill of health from CIPFA, they are looking to grant our request for a capitalisation direction. 

    “We have always been transparent about the transaction. We knew the transaction was novel in local government, but we were thinking outside the box to avoid cuts to local services. Particularly as costs to deliver services continue to increase, along with rising pressures on our services.

    “Over the past few months there have been those who have repeatedly accused us of foul play. Bandying around phrases such as ‘bankruptcy’ and ‘dodgy’. This Minister is very clear – no further investigation is needed.

    “There was nothing wrong with the transaction, other than it being unique. And the bottom line, it enabled us to save more than £9 million of public money, money that would have been lost for local services.

    “The Minister has asked us to provide reassurances that we have put in place robust processes and procedures to manage any future similar fees. We will now formally reply to the Minister, re-enforcing the changes that have been implemented.”

    “This capitalisation direction will allow us to put the whole matter to bed, validates our approach and reinforces our dedication to safeguarding public funds whilst delivering value for money to our residents.

    “We will now move on, continuing to prioritise the financial health of our Council while striving to provide the best possible services to our community.”

    MIL OSI United Kingdom –

  • MIL-OSI: Turtle Beach Corporation to Report Fourth Quarter & Full Year 2024 Financial Results on Thursday, March 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    WHITE PLAINS, N.Y., March 06, 2025 (GLOBE NEWSWIRE) — Turtle Beach Corporation (Nasdaq: TBCH) a leading gaming headset and accessories brand, today announced it will report financial results for the fourth quarter and full year 2024 on Thursday, March 13, 2025, after the close of trading on the Nasdaq Stock Market.

    The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and Mark Weinswig, Chief Financial Officer.

    Conference Call Information
    The live webcast of the call will be available on the “Events & Presentations” page of the Company’s website at www.turtlebeachcorp.com. Interested individuals may also join by dialing 1-877-407-0792 or 1-201-689-8263. To avoid delays, participants are encouraged to dial into the conference call 15-minutes ahead of the scheduled start time.

    A telephone replay of the call will be available through March 27, 2025, and can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13751064. A replay of the webcast will also be available on the investor relations website for a limited time.

    About Turtle Beach Corporation

    Turtle Beach Corporation (the “Company”) (www.turtlebeachcorp.com) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products (www.pdp.com) in 2024. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: TBCH.

    Cautionary Note on Forward-Looking Statements
    This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.

    While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to logistic and supply chain challenges and costs, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

    CONTACTS

    Investors:
    tbch@icrinc.com
    (646) 277-1285

    Public Relations & Media:
    MacLean Marshall
    Sr. Director, Global Communications
    Turtle Beach Corporation
    (858) 914-5093
    maclean.marshall@turtlebeach.com

    The MIL Network –

  • MIL-OSI: AvidXchange to Participate in Wolfe FinTech Forum 2025

    Source: GlobeNewswire (MIL-OSI)

    CHARLOTTE, N.C., March 06, 2025 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participate in the Wolfe FinTech Forum 2025 in New York, NY on Wednesday, March 12, 2025 at 8:10 AM ET.

    A live webcast of the presentation will be available on the Events page of the AvidXchange investor relations website at https://ir.avidxchange.com/. A replay of the webcast will also be available for a limited time.

    About AvidXchange™

    AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,500 businesses and it has made payments to more than 1,350,000 supplier customers of its buyers over the past five years. To learn more about how AvidXchange is transforming the way companies pay their bills, visit www.AvidXchange.com.

    Investor Contact:
    Subhaash Kumar
    skumar1@avidxchange.com
    813-760-2309

    The MIL Network –

  • MIL-OSI: ING publishes 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    ING publishes 2024 Annual Report on Form 20-F

    ING filed today its Annual Report on Form 20-F for the year ended 31 December 2024 with the United States Securities and Exchange Commission (SEC). The 2024Form 20-F will be available on the ING website and can be downloaded from the SEC website (sec.gov) today. Shareholders or holders of ADRs can also request a hard copy of ING’s audited financial statements, free of charge, at www.ing.com/Investor-relations/Financial-performance/Annual-reports.htm.

    Note for editors

    For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom. Photos of ING operations, buildings and its executives are available for download at Flickr.

    ING PROFILE

    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. Follow our progress on ing.com/climate.

    IMPORTANT LEGAL INFORMATION

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2024 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    The MIL Network –

  • MIL-OSI: INVESTVIEW, INC. ANNOUNCES LAUNCH OF STOCK REPURCHASE PROGRAM

    Source: GlobeNewswire (MIL-OSI)

    HAVERFORD, PA, March 06, 2025 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), operates a diversified financial technology services company offering multiple business units across key sectors. These include a financial education division offering tools, content, and research through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable blockchain business focused on bitcoin mining and transaction validation, announced today that its board of directors has authorized the repurchase of up to One ($1,000,000) million dollars’ in aggregate value of shares of the Company’s common stock through March 6, 2026. As of December 31, 2024, the Company had 1,859,231,786 common shares issued and outstanding.

    Share repurchases will occur from time-to-time through public open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements. The Company expects to fund all purchases from its existing cash on hand. Market conditions, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence the timing of the purchases, and the number of shares repurchased. The program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements, may be suspended or terminated at any time without prior notice.

    Victor Oviedo, CEO, said, “Particularly, in light of our recent settlement with the SEC, we believe the current share price does not adequately reflect Investview’s current intrinsic value or its long-term growth prospects, and therefore, the repurchase of our shares could represent an excellent investment opportunity for both the Company and our shareholders.”

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a diversified financial technology services company, offering multiple business units across key sectors. These include a financial education division offering tools, content, and research through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform business that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable and cost-effective blockchain business focused on bitcoin mining and transaction validation. For more information on Investview, please visit: www.investview.com. This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management’s expectations.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, including without limitation statements in this press release regarding the Company’s intention to repurchase shares of its common stock under the share repurchase program, and the anticipated source of funding for those repurchases. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the market price of the Company’s stock, the nature of other investment opportunities presented to the Company, cash flows, and market trading volumes, which, in turn, impact the number of shares that may be repurchased, and other factors identified in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

    # # #

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    The MIL Network –