NewzIntel.com

Category: Finance

  • MIL-OSI Security: FBI Jacksonville’s Historic Search for Justice

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

    The Bureau’s commitment to justice 

    Corey Binderim was convicted of first-degree murder, burglary, and evidence tampering in the death of Mauldin and in October 2024, he was sentenced to life in prison. 

    “The FBI’s expertise and resources were critical in finding Susan Mauldin’s remains and confirming the state’s theory,” said Pam Hazel, Clay County director and lead prosecutor on the case. “Every victim deserves justice and closure, and the FBI worked hand-in-hand with our office and the Clay County Sheriff’s Office to ensure all efforts were exhausted.”

    This case is not just about subject matter expertise and innovation; it is about humanity and the care that the FBI takes for victims, said Logan.

    “Mauldin is all of us and could be anyone,” said Regucci. “She didn’t know a lot of people, yet there was a huge following of support for her and of the FBI through this process.”  

    The recovery of Mauldin’s remains was not just a victory for law enforcement but for the community as a whole. Mauldin’s case stands as an example of the FBI’s unyielding pursuit of justice and the people, partnerships, and innovation that drive these efforts. 

    “This case taught me to trust the process,” said Regucci. “I had a lot of confidence that she was in the landfill. Whether or not we were going to find her was a different issue. When we all come together—the Bureau, ERT, THRU, waste management personnel, and local partners—to tap into all our resources, it is amazing what we can do together.”

    MIL Security OSI –

  • MIL-OSI Video: Europe is investing 200 billion in AI development

    Source: European Commission (video statements)

    InvestAI has just entered the chat. And Europe has entered the AI Race.
    With this new initiative and the private sector, the EU aims to mobilise 200 billion euros of investments in AI in Europe.

    https://www.youtube.com/watch?v=kDZtKFB4LJY

    MIL OSI Video –

  • MIL-OSI United Kingdom: Investment in City Economic Development

    Source: Scotland – City of Dundee

    Investment designed to drive forward economic development in Dundee is set to be discussed by councillors. 

    Funding from external sources would be used to support ongoing initiatives like employment programmes, while it could also assist commercial companies spinning out from biomedical research. 

    A report to be considered on Monday (Feb 17) shows that £2.44 million of funding has been awarded to Dundee City Council from the UK Shared Prosperity Fund (UKSPF) for 2025-26. 

    Councillors will hear that over the last three years, the council has used UKSPF to support the delivery of key economic development interventions. 

    These include Discover Work, the Dundee Partnership’s employability programme, and local business support through Business Gateway.   

    To ensure that these services can continue to deliver to clients without interruption, and that staff are retained, it is necessary to confirm the ongoing funding for these projects at the earliest opportunity.   

    Delivery models including Challenge Funds, partnership approaches, procured services and regionally focused initiatives would remain the same as previous years. 

    Meanwhile, a separate report recommends the use of legacy funding from the  Business Loans Scotland scheme to bolster the city’s life sciences sector. 

    Opening of the Dundee Life Sciences Innovation Hub in 2025 creates an imperative to maximise the pipeline of spinout companies and to remove barriers to translating innovative research into commercial opportunity and job creation. 

    Councillors are being asked to give the go-ahead to the reinvestment of the £137,000 legacy funding into a Proof of Concept (POC) Fund Programme in partnership with University of Dundee, with the aim of catalysing life science and healthcare sector spinout companies. 

    They will hear that the pilot phase of the POC scheme has been funded in 2024/2025 by £100,000 from Dundee’s UK Shared Prosperity Fund allocation matched in kind by Dundee University. 

    Both reports will be considered by the Fair Work, Economic Growth and Infrastructure Commitee at its next meeting. 

    Committee convener Councillor Steven Rome said: “We are determined to improve the economy of Dundee through a range of measures with our partners and these two reports show the efforts we are making. 

    “UKSPF has enabled us to deliver key employability programmes, and city partners are focusing on key issues such as increasing the number of our young people in positive destinations. 

    “This is a crucial initiative for the future of our city. 

    “We also want to see academic innovation translated into commercial success, and the Proof of Concept programme will help fledgling companies to find their way.” 

    MIL OSI United Kingdom –

  • MIL-OSI USA: ICE HSI San Antonio and our law enforcement partners arrest a Tren de Aragua gang member during enforcement action

    Source: US Immigration and Customs Enforcement

    SAN ANTONIO – U.S. Immigration and Customs Enforcement’s Homeland Security Investigations, in partnership with our law enforcement partners, arrested a Tren de Aragua gang member, Feb 5.

    The 27-year-old male citizen and national of Venezuela was arrested for assault with a deadly weapon and is the suspected shooter in an attempted murder investigation in San Antonio. The illegally present is currently in state custody.

    “The successful arrest of a member of the Tren de Aragua gang in San Antonio was made possible through the resolute efforts of HSI and our dedicated local law enforcement partners,” said HSI San Antonio Special Agent in Charge Craig Larrabee. “This arrest highlights our steadfast dedication to the safety of our communities and the relentless pursuit of justice.”

    The Tren de Aragua gang is known for engaging in various criminal activities, including drug trafficking and violent crimes, which pose a significant threat to our communities. HSI and our partners are dedicated to dismantling these criminal organizations through strategic operations, intelligence-driven investigations, and close cooperation with international, federal, state, and local law enforcement agencies. By leveraging our collective resources and expertise, we aim to disrupt the operations of these dangerous gangs and bring their members to justice.

    Individuals can report suspicious criminal activity to the ICE Tip Line 24 hours a day, seven days a week, call 866-DHS-2-ICE.

    MIL OSI USA News –

  • MIL-OSI United Nations: Innovative insurance model directs millions in cash assistance to people affected by hurricane Beryl

    Source: World Food Programme

    GRENADA – The United Nations World Food Programme (WFP) has supported Caribbean nations to ensure that climate insurance payouts triggered by category-5 Hurricane Beryl in July last year are used for social subsidies to get the most vulnerable back on their feet. The Governments of Grenada, Jamaica and Saint Vincent and the Grenadines will use a US$ 5.5 million portion of the payout to assist people affected by the tropical storm.

    In Grenada alone, 34,000 people (30 percent of the population) required emergency assistance after Hurricane Beryl. Now, it is the first country to provide subsidies to people who lost income, under the Beryl Relief Income Support Programme (BRISP).

    WFP and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) work together to link tropical cyclone and excess rainfall insurance policies with national social protection systems. Through an innovative model, financial support allows countries to top-up their sovereign insurance coverage on the condition that a fixed percentage of the payout is allocated for social assistance if and when policies are triggered. 

    “Recognising the limited fiscal space of Caribbean governments, we know that it is crucial to strengthen national systems to ensure that support reaches the people who need it most, when disaster strikes,” said Brian Bogart, Representative of the WFP Caribbean Multi-Country Office. “Hurricane Beryl’s impact was significant, and many people are still struggling to recover. WFP is committed to supporting strategies that assist people as they recover, without increasing the long-term debt burden of small island nations and derailing progress on national development goals.”

    WFP first introduced insurance policy top-up agreements in Dominica in 2021. Since then, WFP has helped expand the model to Belize, Dominica and Saint Lucia, with support from the European Union, the Government of Canada and the Global Shield Financing Facility. The Canada-CARICOM Climate Adaptation has recently provided funding to include Antigua and Barbuda, Grenada, Jamaica and Saint Vincent and the Grenadines. 

    “In the face of increasing climate-related challenges, it is imperative that we strengthen our collaborative efforts to build resilience within our Caribbean communities,” said Isaac Solomon, Acting President of the Caribbean Development Bank. ” Innovative insurance models supported by CCRIF SPC and WFP are an effective method to get relief those most affected in a timely manner.”

    “Canada was keen to build on the work that started in 2021,” said Abebech Assefa, Head of Cooperation for the Eastern Caribbean at Canada’s International Trade – Global Affairs Canada. “The idea to connect a portion of CCRIF SPC payouts to social protection systems helps ensure that these funds reach the most vulnerable people. The recent experience with Hurricane Beryl has provided an opportunity to put the concept to the test.” 

    Caribbean small island developing states (SIDS) are on the frontline of climate change. The WFP Caribbean Multi-Country Office was established in 2018 and has since supported governments in scaling-up climate solutions, including early warning systems, anticipatory action and insurance to protect food-insecure communities.

    #                 #                   #

    About WFP

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability, and prosperity for people recovering from conflict, disasters, and the impact of climate change.

    Follow us on X, formerly Twitter, via @wfp_media; @wfp_Caribbean

    MIL OSI United Nations News –

  • MIL-OSI: WithSecure Corporation: Change in Employee Share Savings Plan 2025-2027 timeline

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Stock Exchange release (Other information disclosed according to the rules of the Exchange), 11 February 2025 at 16.30 EET 

    WithSecure Corporation: Change in Employee Share Savings Plan 2025-2027 timeline

    The Board of Directors of WithSecure Corporation earlier decided to launch a new plan period 2025-2027 within the Employee Share Savings Plan (ESSP) for the employees of WithSecure Corporation and its subsidiaries. The decision was communicated in WithSecure Corporation’s Stock Exchange release of 15 November 2024. According to the original decision, the plan period 2025-2027 was to commence on 1 January 2025 and end on 31 December 2027. The holding period of the plan period was to begin at the first acquisition of savings shares and end on 30 November 2027.

    WithSecure’s Board of Directors has decided to change the ESSP 2025-2027 plan period and related timeline as follows: the plan period 2025-2027 is to commence on 1 April 2025 and end on 31 March 2028. The holding period of the plan period begins at the first acquisition of savings shares and ends on 28 February 2028.

    Contact information:
    Laura Viita
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation
    Tel. +358 50 4871044
    Investor-relations@withsecure.com

    The MIL Network –

  • MIL-OSI: ARKO Corp. Unveils ‘Fueling America’s Future’ Campaign with fas REWARDS®, Slashing Gas Prices Nationwide

    Source: GlobeNewswire (MIL-OSI)

    The first-of-its-kind fuel discount program offers drivers nationwide up to $2 off per gallon of gas or $40 in savings per fill up at any ARKO location

    RICHMOND, Va., Feb. 11, 2025 (GLOBE NEWSWIRE) — ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, and its subsidiary GPM Investments, today has launched its ‘Fueling America’s Future’ campaign, offering customers significant savings at the pump with the long-term goal of slashing gas prices in America. This promotion, which has never been done by any gas station nationwide, can save consumers up to $40 per fill up through the ability to stack discounts earned through qualifying purchases for anyone enrolled in the Company’s free loyalty program, fas REWARDS®.

    This campaign is built on the belief that we must do more to address the needs of working Americans, particularly in mitigating the substantial expense of fuel. With thousands of convenience stores and QSR destinations, ARKO has helped lower costs for everyday essentials, from groceries to fuel, through ongoing promotions and value-driven discounts. In 2025, the Company will prioritize price cuts at the pump in its promotions to do its part in fueling America’s future.

    “Gas prices are high, and our customers feel it every time they fill up. It’s putting a strain on families, small businesses, and household budgets,” said Arie Kotler, Chairman, President, and Chief Executive Officer of ARKO. “We’re in a moment of renewed economic awareness, where businesses have a responsibility to support working Americans. Fueling America’s Future is our way of stepping up, helping to ease that burden, and providing meaningful savings at the pump.”

    Fas REWARDS® members are eligible for fuel savings by buying qualifying items and receiving cents off fuel rewards that will go into their “virtual wallet.” These rewards can be stacked, allowing customers to accumulate up to $2 off per gallon subject to state restrictions. In addition, they’ll earn points on qualifying purchases, which can also be redeemed for fuel discounts. This unique offer helps fas REWARDS® members save money at the pump and lower their everyday expenses.

    “Fueling America’s Future demonstrates how customer-driven solutions can help lower costs for families, ultimately strengthening the national economy,” continued Kotler. “By reducing fuel prices, we’re putting more money back into consumer pockets and supporting local communities so they can free up spending on other essential goods.”

    The above-mentioned promotions are available to enrolled loyalty members across ARKO’s more than 1,350 branded retail stores, including fas mart®, E-Z mart®, Scotchman®, Roadrunner Markets, fastmarket®, village pantry®, Handy Mart and Pride retail stores.

    As of 2024, the fas REWARDS® program has approximately 2.3 million enrolled members. Download the free app today to begin saving with better deals. To learn more, visit: www.fasrewards.com.

    About ARKO Corp.
    ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, we operate A Family of Community Brands that offer delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. Our high value fas REWARDS® loyalty program offers exclusive savings on merchandise and gas. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites; and fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.

    Forward-Looking Statements
    This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, ARKO’s expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “aim,” “believe,” “continue,” “could,” “estimate,” “expect,” “guidance,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; ARKO’s ability to maintain the listing of its common stock and warrants on the Nasdaq Stock Market; changes in its strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which it competes; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond its control; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that ARKO files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. ARKO does not undertake an obligation to update forward-looking information, except to the extent required by applicable law.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9988cefb-6aab-4e05-a82d-7c869858dcef

    The MIL Network –

  • MIL-OSI Security: Georgia Man Sentenced to 10 Years in Prison for Role in Methamphetamine Trafficking Organization

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

    HUNTINGTON, W.Va. – Nehmiah Allen-Griggs, also known as “Newski,” 23, of Dallas, Georgia, was sentenced today to ten years in prison, to be followed by five years of supervised release, for distribution of 50 grams or more of methamphetamine. Allen-Griggs admitted to his role in a drug trafficking organization (DTO) responsible for distributing large quantities of methamphetamine and fentanyl in the Southern District of West Virginia.

    According to court documents and statements made in court, on March 1, 2023, Allen-Griggs distributed approximately 1 pound of methamphetamine to a confidential informant in a Huntington parking lot in exchange for $2,000.

    On November 15, 2023, law enforcement officers executed a search warrant at a Highlawn Avenue residence in Huntington and seized quantities of methamphetamine and fentanyl, a Landor Arms Canyon Arms 12-gauge shotgun, a Walther P22 .22-caliber pistol equipped with a silencer, a Kel-Teck .22-caliber pistol, and various rounds of ammunition. Allen-Griggs admitted that he and others used the residence to store and distribute methamphetamine and fentanyl.

    Allen-Griggs is among 27 individuals indicted in a 53-count indictment that charges the defendants with distributing methamphetamine and fentanyl transported from Detroit, Michigan, in Huntington and other locations within the Southern District of West Virginia.

    Allen-Griggs is also among 22 defendants who have pleaded guilty in the main case. One other of the 27 indicted individuals pleaded guilty to a related offense in a separate case. The indictment against the remaining defendants is pending. An indictment is merely an allegation and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    United States Attorney Will Thompson made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the Cabell County Sheriff’s Department, the Drug Enforcement Administration (DEA), the Metropolitan Drug Enforcement Network Team (MDENT), the West Virginia State Police, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the U.S. Postal Inspection Service. MDENT is composed of the Charleston Police Department, the Kanawha County Sheriff’s Office, the Putnam County Sheriff’s Office, the Nitro Police Department, the St. Albans Police Department and the South Charleston Police Department.

    United States District Judge Robert C. Chambers imposed the sentence. Assistant United States Attorneys Joseph F. Adams and Stephanie Taylor prosecuted the case.

    The investigation was part of the Department of Justice’s Organized Crime Drug Enforcement Task Force (OCDETF). The program was established in 1982 to conduct comprehensive, multilevel attacks on major drug trafficking and money laundering organizations and is the keystone of the Department of Justice’s drug reduction strategy. OCDETF combines the resources and expertise of its member federal agencies in cooperation with state and local law enforcement. The principal mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking organizations, transnational criminal organizations and money laundering organizations that present a significant threat to the public safety, economic, or national security of the United States.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 3:23-cr-180.

    ###

     

    MIL Security OSI –

  • MIL-OSI: LPL Financial Welcomes Lex Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 11, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Carmen M. Lex Jr., CFP®, RICP®, and Chris Lex, CRPC®, have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. The brothers reported serving approximately $630 million in advisory, brokerage and retirement plan assets* and join LPL from Corebridge Financial, formerly Valic, a subsidiary of AIG.

    Based in Marlton, N.J., Carmen and Chris have built a reputation for delivering tailored investment strategies and quality service since they teamed up in 2014. They specialize in financial planning, and both have significant experience in pension and social security analysis, including the intricacies of the Public School Employees’ Retirement System. The Lex brothers credit their grandmother and parents as inspiration for their financial journey.

    “We had a lot of people who guided us to where we are today, especially our grandmother who taught us the importance of saving from a young age,” said Chris Lex. “That fueled our drive to help others with important financial decisions. We are committed to educating and empowering individuals and families to take control of their financial futures.”

    Why they made the move to LPL Financial

    After more than 15 years in the industry, Carmen and Chris realized their shared vision for delivering personalized, independent financial guidance. They decided to reshape their approach, prioritize independence and build a firm focused on providing tailored strategies and exceptional client service. This spurred their move to LPL and the creation of Lex Wealth Management.

    “As we work with more clients in the distribution phases, we realized there are more personalized options available to us as independent advisors,” said Carmen. “By joining LPL Financial, we’ll benefit from innovative technology, strategic business resources, a comprehensive product selection and the support of an industry-leading wealth management firm. This move gives us everything we need to be better advisors and do right by our clients.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We extend a warm welcome to Carmen and Chris and congratulate them on the move to independence. With more freedom and flexibility, financial advisors who choose LPL are able to work more effectively, run thriving practices and create value for the evolving needs of their clients. We look forward to supporting Lex Wealth Management for years to come.”

    Related

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

    About LPL Financial

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

    Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. Lex Wealth Management and LPL are separate entities.

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

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

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

    Media Contact:
    Media.relations@LPLFinancial.com
    (704) 996-1840

    Tracking #690597

    The MIL Network –

  • MIL-OSI: QuEra Computing Completes $230M Financing to Accelerate Development of Large-Scale Fault-Tolerant Quantum Computers

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — QuEra Computing, the leader in neutral-atom quantum computing, today announced it has successfully completed a financing of more than $230 million. The funds will be used to accelerate the development and production of large-scale, fault-tolerant quantum computers, reinforcing the company’s position at the forefront of quantum innovation.

    The investment comes from new investors, including Google (previously announced), SoftBank Vision Fund 2, Valor Equity Partners, and others. They join QuEra’s existing investors, including QVT Family Office, Safar Partners, and all other major existing investors, who all participated. Of the $230M, $60 million will be received in the near future upon satisfying a prerequisite funding condition, currently in progress. This financing validates the considerable technical breakthroughs achieved by QuEra in collaboration with Mikhail Lukin, Markus Greiner, and their teams at Harvard, as well as Vladan Vuletic and his team at MIT. This financing was also made possible by QuEra’s commercial progress with major customers such as AIST, as well as the new strategic partnerships the company has cultivated.

    “This round represents a significant milestone for QuEra as we continue to deliver on our promise of scalable, fault-tolerant quantum computing,” said Andy Ory, Interim CEO of QuEra. “Since our last funding round in 2023, we have achieved impressive scientific, technical, and commercial milestones, which have dramatically increased the value of our business. This new investment will fuel our next phase of growth, enabling us to deliver large-scale quantum solutions that address critical business challenges for our customers.”

    “We believe quantum computing has the potential to revolutionize industries, and QuEra is at the forefront of making this technology accessible and transformative,” said Kentaro Matsui, Managing Partner of SoftBank Investment Advisers. “We are excited to support QuEra as it pioneers the next generation of computation, unlocking new possibilities in AI and beyond.”

    “As early backers of QuEra, we are pleased to both significantly increase our investment and to welcome this new group of outstanding investors,” said Arthur Chu, QuEra board member and managing member of QVT. “We believe that this new capital will allow QuEra to extend its technological and commercial leadership in fault-tolerant quantum computing.”

    Takuya Kitagawa, President of QuEra, says, “We are deeply grateful for the continued confidence of our existing investors and excited to welcome new strategic partners who believe in our team and share our long-term vision. Their support strongly advances our mission: to accelerate innovation by building scalable, useful, and fault-tolerant quantum computers.”

    Ed Durkin, CFO of QuEra, added, “We are pleased to announce this very significant and successful financing. All our major existing investors have shown strong support by participating in this transaction, and we are thrilled to welcome such high-quality and knowledgeable new strategic and financial investors like Google and SoftBank Vision Fund, who share our long-term vision. This funding structure, coupled with our growing organic revenue stream, provides flexibility as we hit our development targets and scale production and provides the Company with a very long financial runway over the next several years.”

    With this funding, QuEra will:

    • Accelerate the development of fault-tolerant quantum computer technology.
    • Rapidly expand its team of world-class scientists and engineers, with a focus on technical and scientific talent.
    • Strengthening build and test capacity to scale up and meet growing demand for high-performance neutral-atom computers.
    • Broaden its portfolio of application co-design, cloud, and on-premises engagements with global research organizations, Fortune 500 companies, and government programs.

    QuEra’s continued momentum highlights the growing market demand for fault-tolerant quantum systems, which are poised to revolutionize industries such as finance, pharmaceuticals, logistics, and cybersecurity.

    About QuEra
    QuEra Computing is the leader in developing and productizing quantum computers using neutral atoms, widely recognized as a highly promising quantum computing modality. Based in Boston and built on pioneering research from Harvard University and MIT, QuEra operates the world’s largest publicly accessible quantum computer, available over a major public cloud and for on-premises delivery. QuEra is developing useful, scalable and fault-tolerant quantum computers to tackle classically intractable problems, becoming the partner of choice in the quantum field. Simply put, QuEra is the best way to quantum. For more information, visit us at quera.com and follow us on X or LinkedIn.

    Media Contact
    Merrill Freund
    press@quera.com
    +1-415-577-8637

    The MIL Network –

  • MIL-OSI: MKS Instruments Declares Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share, payable on March 7, 2025, to shareholders of record as of February 24, 2025.

    Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors.

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

    Safe Harbor for Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ dividend program and any future dividend payment obligations. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are cash available for distribution, the then current and expected needs and availability of cash to pay MKS’ obligations, and the other factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.

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

    The MIL Network –

  • MIL-OSI: Varonis at ViVE 2025: Reduce the PHI Blast Radius and Safely Enable AI With Automation

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced its upcoming participation at ViVE 2025, February 16 – 19 in Nashville, Tenn.

    Today’s bad actors don’t break in — they log in. Varonis secures PHI by limiting an organization’s blast radius — all the damage an attacker can do with just one comprised identity — in SaaS, IaaS, and hybrid environments. By ensuring only the right users can access the data they need, Varonis helps organizations maintain compliance with evolving HIPAA regulations and protect against overexposure.

    Varonis Highlights at ViVE 2025:

    Meet Varonis in Person: Visit Varonis at Viosk #2825 inside the Cybersecurity Pavillion for 1:1 demos and giveaways. Learn how the Varonis Data Security Platform helps hospitals and healthcare systems secure sensitive patient data, automate compliance, and reduce ransomware risk.

    Expert Session: “PHI-ght for Your Right to AI Party!” Varonis Field CTO Brian Vecci will shed light on the crucial need for healthcare organizations to gain visibility into AI use, data access, and PHI exposure. He’ll discuss how healthcare leaders can meet current requirements and adapt to future HIPAA changes.

    Date: Tuesday, February 18 at 2 p.m. CT
    Location: Cybersecurity Pavilion

    Additional Resources

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

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

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

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

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

    The MIL Network –

  • MIL-OSI: AvePoint Launches the Next Generation of Elements to Modernize Managed Services for MSPs

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced the launch of the next generation of AvePoint Elements to transform managed service providers’ (MSPs) client, cloud, and tenant management with an AI-enhanced platform for data security, IT management, and operational efficiency. Launching the next generation of AvePoint Elements underscores the Company’s continued investment in its channel business, which makes up over half of its annual recurring revenue (ARR), by equipping partners with new security-centric recurring revenue streams through a seamless, all-in-one platform.

    “Our partners have a massive opportunity to unlock new recurring revenue streams through security, backup, workspace management and compliance services this year,” said Coby Liang, Head of EMEA, AvePoint. “Our Elements Platform empowers MSPs to deploy standardized security and compliance configurations consistently across multiple tenants, helping them efficiently manage increasing data volumes and complex environments, thus driving growth and capitalizing on the expanding cybersecurity market.”

    According to Canalys, over 90% of cybersecurity solutions will be partner-delivered in 2025. MSPs using the next generation of AvePoint Elements can secure client data and build additional service offerings to rapidly tap into this opportunity without needing additional resources. Benefits include:

    • Enhanced operational efficiency: Without a unified platform, MSPs face complex client management, slow onboarding and issue resolution, and a lack of integration for various tools. AvePoint Elements integrates with AvePoint’s award-winning compliance and data protection solutions and features seamless API integrations, enabling automation and remote management for efficient service delivery. Additionally, it provides centralized baseline management and workspace governance, ensuring consistency and efficient lifecycle management across customer tenants.
    • Increased profitability: AvePoint Elements automates manual tasks and simplifies transactions between partners and their customers, empowering MSPs to focus on value-added services and lower their operational costs. With AvePoint’s multi-SaaS support, MSPs can serve customers across clouds from within one platform, driving their total addressable markets up with one vendor and providing more opportunities to offer security, backup and compliance services.
    • Seamless scalability: The AvePoint Elements Platform offers centralized management for multi-tenant configurations so MSPs can deploy, track and enforce security and compliance across multiple tenants. Using automation to scale, this enables MSPs to increase total volume of data managed and secured and standardize their onboarding process for new customers.
    • Advanced security and control: Without centralized policies, MSPs lack visibility, are at high risk of non-compliance and have inadequate threat protection. With proactive security monitoring and automated policy enforcement through AvePoint Elements, MSPs can ensure robust protection and premium data security to all customers from one platform.

    “MSPs have significant revenue opportunities surrounding multi-cloud data security and workspace management, especially when they offer more than one solution to their customers within a managed service,” said Scott Sacket, Senior Vice President of Partner Strategy, AvePoint. “Through our private preview, partners have already seen a 40% increase in average revenue per user when they integrate more than two solutions into a managed service. On top of that, our private preview partners saw that time wasted on operations and infrastructure, which can take away from valuable service delivery and customer care, has already been reduced by 85%.”

    To learn more about the next generation of AvePoint Elements, visit our website.

    About AvePoint: 

    Securing the Future. AvePoint is a global leader in data security, governance, and resilience, and over 21,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint’s global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com. 

    Forward-Looking Statements: 

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint”, “the Company”, “we”, “our” and “us” refer to AvePoint, Inc. and its subsidiaries. 

    Disclosure Information: 

    AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. 

    Investor Contact 
    AvePoint 
    Jamie Arestia 
    ir@avepoint.com 
    (551) 220-5654 

    Media Contact 
    AvePoint 
    Nicole Caci 
    pr@avepoint.com 
    (201) 201-8143 

    The MIL Network –

  • MIL-OSI: Artificial Intelligence (AI) Influence on Healthcare Market Expected to Generate Revenues of $610 Billion By 2034

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The growing adoption of the digital technologies in the healthcare sector owing to the growing need for reducing the healthcare costs and offer enhanced quality patient care services to the patients are the prominent factors that are boosting the growth of the global artificial intelligence in healthcare market. The surging prevalence of various chronic diseases and growing elderly population is resulting in the increased pool of patients at hospitals. The large volume of patient health data is generated every day, which is required to be stored and managed effectively. The growing demand for the personalized medicines and the necessity of maintaining digital health records are significantly driving the artificial intelligence in healthcare market. The novel technologies like artificial intelligence and machine learning are now being integrated to the healthcare systems that will allow the health professionals in early identification of the diseases and offer enhanced care services to the patients. Moreover, the data analytics, deep learning technology, natural language processing (NPL), predictive analytics, and content analytics are supporting the healthcare professionals in early diagnosis and care services. A report from Precedence Research said that the global artificial intelligence (AI) in healthcare market size accounted for USD 26.69 billion in 2024 and is predicted to reach around USD 613.81 billion by 2034, growing at a CAGR of 36.83% from 2024 to 2034. North America AI in healthcare market size reached USD 8.67 billion in 2023. Active A.I. companies active in the markets include: Avant Technologies Inc. (OTCQB: AVAI), Tempus AI, Inc. (NASDAQ: TEM), BigBear.ai (NYSE: BBAI), Talkspace (NASDAQ: TALK), SoundHound AI, Inc. (NASDAQ: SOUN).

    The Precedence Research report added: “North America region was the highest market share holder in (recent years). North America is characterized by the increased inclination towards the advanced and latest digital technologies. The strong and developed healthcare, IT, and telecommunications infrastructure in North America has supported the growth of the artificial intelligence in healthcare market. Furthermore, the favorable government policies that encourage the adoption of the digital and novel technologies like artificial intelligence in the healthcare sector. North America has the presence of huge pool of patients. It is estimated that over half of the US population is suffering from one or more chronic diseases. This is resulting in increased volume of patients in hospitals. The health data of these patients needs to be stored and managed in digital form as per the government regulations. This is a major factor that propels the demand for the artificial intelligence in healthcare sector.”

    Avant Technologies, Inc. (OTCQB: AVAI) and Ainnova Advance Toward FDA Clinical Trial with Selection of Top CRO – Avant Technologies, Inc. (“Avant” or the “Company”) and its partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced the selection of Fortrea, a global provider of clinical development solutions to the life sciences industry, as the contract research organization (CRO) to conduct Ainnova’s upcoming clinical studies to seek approval from the U.S. Food and Drug Administration (FDA) for Ainnova’s Vision AI platform.

    Fortrea will assist Ainnova in requesting a pre-submission meeting with the FDA for guidance on the clinical testing needed for its Vision AI platform in the early detection of diabetic retinopathy. After a pre-submission meeting, Fortrea will then work with Ainnova on its FDA submission and a subsequent clinical study before concluding with an FDA 510(k) submission to obtain clearance from the FDA to market its Vision AI platform.

    The upcoming clinical studies are significant to Avant and its shareholders because of the partnership formed by Avant and Ainnova to advance and commercialize Ainnova’s technology portfolio, including its Vision AI platform and its versatile retinal cameras. The joint venture formed by the two companies, Ai-nova Acquisition Corp. (AAC), has the licensing rights for this portfolio in the U.S., Canada, and Europe, so the success of Ainnova’s clinical studies with the FDA will be vital to marketing the technology portfolio in the United States.

    Ainnova’s Chief Executive Officer, Vinicio Vargas, said of the selection, “We worked diligently to identify and select the right CRO to help us both engage the FDA and then conduct our clinical studies. Fortrea is an established and highly regarded full-service CRO with expertise in more than 20 therapeutic areas, and a CRO with an extensive portfolio of successfully completed clinical trials, including those involving both emerging and large biopharmaceutical, medical device, and diagnostic companies.”

    With Fortrea’s guidance, Ainnova expects to submit its pre-submission application in the coming weeks and expects to meet with the FDA for its pre-submission meeting in late March/early April 2025. Additionally, Ainnova will also interact with the FDA to devise a plan to obtain clearance for four algorithms it recently acquired the exclusive licensing rights to, which include early detection for cardiovascular risk, prediabetes and Type 2 diabetes, fatty liver disease, and chronic kidney disease. CONTINUED… Read this and more news for Avant Technologies at: https://www.financialnewsmedia.com/news-avai/

    In other A.I. developments and happenings in the market recently include:

    Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, recently announced it has completed its acquisition of Ambry Genetics, a recognized leader in genetic testing that aims to improve health by understanding the relationship between genetics and disease.

    “This acquisition complements our strategy of leveraging diagnostics and data to drive innovation, further strengthening our ability to deliver cutting-edge solutions to clinicians, patients, and life sciences companies,” said Eric Lefkofsky, Founder and CEO of Tempus. “We are excited to welcome Ambry to the Tempus team as we work together to improve patient outcomes and transform treatment journeys through the power of technology.”

    BigBear.ai (NYSE: BBAI) has recently been awarded a contract by the Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) to advance BigBear.ai’s Virtual Anticipation Network (VANE) prototype. This initiative will support the CDAO and Office of the Secretary of Defense (OSD) by leveraging custom AI models to better assess news media originating in countries that are potential foreign adversaries.

    The prototype award is designed to improve CDAO’s ability to identify key trends and topics related to potential foreign adversarial areas of interest, enabling faster and more informed assessments of media data vital to national security. VANE was created to contrive clarity in multi-domain environments for military and government applications by aggregating and analyzing vast data points, enabling predictions of adversarial activity in complex situations.

    “We are honored to continue our support in the modernization of our nation’s defense efforts. This award underscores the importance of leveraging cutting-edge AI technologies to address complicated geopolitical challenges,” said Ryan Legge, President of National Security at BigBear.ai. “By advancing VANE within CDAO, we are arming our warfighters with sophisticated intelligence capabilities to leverage foreign insights critical to the safety of our Nation and those protecting it.”

    Talkspace (NASDAQ: TALK) recently announced the launch of Insights, a new feature that enhances therapeutic care by helping Talkspace providers efficiently prepare for sessions and guide client care between sessions. The feature was developed and refined in partnership with Talkspace clinicians.

    Before each session, providers can use Insights to synthesize data from each client’s care journey, a process that is typically manual — including changes in that client’s symptom acuity from evidence-based psychological assessments and key details from the most recent session — to generate a concise pre-session primer tailored to the therapist’s upcoming appointment. After the session, an update can be generated to reflect the discussion’s key points, highlight therapeutic progress, and note follow-ups for future sessions.

    SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced the launch of Brand Personalities, a groundbreaking feature for its SoundHound Chat AI Automotive voice assistant – making it the first in-vehicle assistant to offer distinct, customizable personas tailored to each automaker’s unique brand identity, designed to enhance both the user experience and brand loyalty for OEMs.

    Brand Personalities enables car makers to control the entire personality of their voice assistant including response style, character and vivaciousness. Automotive partners can choose from pre-designed personas, create fully customized personalities tailored to their specific needs, or even introduce seasonal characters for campaigns. Due to SoundHound’s unique software architecture, multiple personas can be defined for specific sub-brands or model lines—allowing sports cars, family cars, and commercial vehicles to each have distinct personalities that reflect the unique needs of their customers.

    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 was compensated forty nine hundred dollars for news coverage of the current press releases issued by Avant Technologies, Inc. by a non-affiliated third party. 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: Primech AI Signs Three Pilot Program Agreements with Leading Singapore Cleaning Companies for HYTRON Cleaning Robot

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 11, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), proudly announces the signing of three important pilot program agreements for its groundbreaking HYTRON AI-powered cleaning robots. These agreements with established Singapore-based cleaning companies, including a leading provider of facilities and industrial services operating across Singapore, China, and Malaysia, represent a major expansion of Primech AI’s market presence and a solid vote of confidence in its advanced AI technology.

    These agreements involve deploying HYTRON units across various sectors, showcasing the versatility and efficiency of these AI-powered cleaning solutions. The HYTRON units are powered by NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications robots that will enhance hygiene standards and operational efficacy at several key facilities, reflecting growing industry confidence in robotic automation.

    At the core of HYTRON’s navigation capabilities is a multi-sensor system consisting of (1) LIDAR for Mapping and Navigation, which enhances both precision and safety; (2) Ultrasonic Sensors for Proximity Detection to identify nearby objects and adjust its path accordingly, ensuring seamless movement through cluttered spaces without colliding with furniture or other obstacles; and (3) AI-powered Camera Sensors for Object Identification to recognize and classify bathroom objects, such as sinks, toilets, and mirrors. This ensures it applies the appropriate cleaning technique to each surface, enhancing its efficiency in commercial restroom cleaning.

    Under the two-year pilot program agreements, these prominent cleaning companies will integrate HYTRON robots into their daily facility operations. This reflects the sector’s readiness to embrace innovative cleaning solutions that promise to revolutionize facility management through enhanced efficiency and reduced costs. This deployment is set to showcase the substantial benefits of integrating AI-powered automation into traditional cleaning processes.

    Each pilot program agreement includes full support from Primech AI’s customer service framework, ensuring that HYTRON operates at peak efficiency and reliability. In addition, Primech AI will conduct staff training for the companies to ensure the effective operation and maintenance of the robots.

    “Our three new esteemed partners for these pilot programs have a combined 75 years of facilities service and have worked on nearly 1,000 different commercial cleaning projects. Securing these leases is a strong endorsement of HYTRON’s capabilities and our Company’s direction,” stated Charles Ng, Chief Operating Officer of Primech AI. “We believe HYTRON is the future of cleaning and look forward to sharing updates with our shareholders about our continued development as the facility management industry reflects a continued shift and acceptance of robotic solutions.”

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

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

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

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

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

    The MIL Network –

  • MIL-OSI: New Forests adopts Intapp DealCloud to bolster capital raising

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announces that New Forests has implemented Intapp DealCloud to modernize its investor relations and fundraising functions. New Forests is a global investment manager of nature-based real assets and natural capital strategies with teams spanning the United States, Southeast Asia, Africa, and Australia. The firm manages a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing, and infrastructure.

    Leading strategic change
    “With Intapp DealCloud, we are able to keep better track of our investors, and the entire fundraising process, to ensure we’re offering investors and prospective investors a more targeted and tailored approach to relationship management,” said Sarah Clawson, Global Head of Investor Relations at New Forests. “The AI capabilities within DealCloud will help streamline reporting, investor outreach, and follow ups.”

    Modernizing investor relations
    DealCloud provides New Forests’ investor relations teams with the insight they need to make important decisions and build long-term relationships with investors. It is a data-powered platform built for capital markets firms that centralizes critical proprietary and third-party data. Access to real-time data and analytics helps New Forests’ IR professionals cultivate existing and prospective investor relationships, build pipeline, organize investor events, and tailor thought leadership content.

    Using Applied AI, DealCloud furthers the modernization of investor relations processes through every stage of the process. With AI assistance, IR professionals can analyze data quickly and accurately, and make more informed decisions based on real-time insights, market trends, and existing firm knowledge. DealCloud’s AI capabilities also help automate everyday workflows, identify and communicate with potential new investors, and ensure investor and fundraising activity is recorded for future reference.

    Multiplying success with Intapp
    “We’re excited to work with New Forests, a leading investment manager across Australia, New Zealand, Southeast Asia, Africa and the United States,” said Rudy Saad, Global Head of Private Equity and Private Capital Markets at Intapp. “With Intapp DealCloud, their IR professionals are empowered with greater visibility into key investor interactions, more targeted business development campaigns, and ultimately better management of capital raising initiatives while automating more manual processes.”

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and LinkedIn. 

    About New Forests
    New Forests is a global investment manager of nature-based real assets and natural capital strategies, with A$11.6 billion in assets under management across more than 4.2 million hectares of investments. We manage a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure. We aim to generate shared prosperity for our clients and the communities in which we operate and accelerate the transition to a sustainable future (as at 30 June 2024).

    Headquartered in Sydney, New Forests is a Certified B Corp and operates in Australia, New Zealand, Southeast Asia, Africa and the United States. www.newforests.com.

    Intapp
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com

    The MIL Network –

  • MIL-OSI United Kingdom: Council Tax needs to be replaced not reformed say Scottish Greens

    Source: Scottish Greens

    11 Feb 2025 Finance

    Councils and local communities deserve our support to succeed.

    More in Finance

    Council Tax is a broken system that needs to be replaced rather than reformed, says Scottish Greens spokesperson for local government, Ariane Burgess MSP. 

    The call comes as the Scottish Government has announced that it is taking action to make the system “fairer.”

    Ms Burgess said:

    “Council tax is an outdated and broken tax that works for nobody. 

    “It isn’t fair to the households who are paying it and does not benefit the councils that are struggling to fund essential services.

    “From schools and social care to waste collections, libraries and community centres, our councils are on the front line of delivering for our communities. We need to support them. 

    “Tweaking and reforming it is not enough. It is time to replace it with a fairer and more progressive system that would see most households paying less while the wealthiest would pay more.”

    Ms Burgess added:

    “The Scottish Greens have already delivered important reforms, like doubling Council Tax on holiday homes and allowing councils to set tourist levies, raising money for local services and helping to tackle the housing crisis.”

    MIL OSI United Kingdom –

  • MIL-OSI Security: Oceana County Man Sentenced To 90 Years For Sexually Exploiting A Child

    Source: Office of United States Attorneys

              GRAND RAPIDS, MICHIGAN — Acting U.S. Attorney for the Western District of Michigan Andrew Birge announced that Brandon Lee Chase, 45, of Walkerville, previously pleaded guilty to three counts of sexual exploitation of a minor and was sentenced yesterday to 90 years in federal prison.

              According to court documents, Chase sexually abused the child of a woman he was dating. The sexual abuse happened repeatedly and continued for years. Chase also recorded explicit videos of the abuse. Chase is a repeat sex offender and has also pleaded no contest to criminal sexual conduct in a separate case that is pending sentencing in Shelby Village.

              “Today’s sentencing of Brandon Chase is a decisive victory in the FBI’s unyielding battle against sexual predators who prey on our most vulnerable population,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “I am grateful of the tireless investigative efforts of the FBI’s WEBCHEX Task Force, alongside our law enforcement partners at the Ottawa County Sheriff’s Office and the Muskegon Justice for Women Task Force. The priority of the FBI in Michigan is to protect our communities and disrupt criminal acts that could harm the residents and visitors of Michigan. Lastly, I would like to thank the U.S. Attorney’s Office for the Western District of Michigan for their essential partnership in ensuring Mr. Chase is held accountable for his criminal acts and that those who were victimized are a step closer to healing.”

              This case was investigated by the Federal Bureau of Investigation, Ottawa County Sheriff’s Office, Muskegon Township Police Department, and Muskegon Police Department. Assistant United States Attorney Doaa Al-Howaishy prosecuted it.

              This case is part of Project Safe Childhood, a nationwide initiative designed to protect children from online exploitation and abuse. The U.S. Attorney’s Office, county prosecutor’s offices, the Internet Crimes Against Children task force (ICAC), federal, state, tribal, and local law enforcement are working closely together to locate, apprehend, and prosecute individuals who exploit children. The partners in Project Safe Childhood work to educate local communities about the dangers of online child exploitation, and to teach children how to protect themselves. For more information about Project Safe Childhood, visit www.projectsafechildhood.gov. Individuals with information or concerns about possible child exploitation should contact local law enforcement officials.

    ###

    MIL Security OSI –

  • MIL-OSI: Siebert Financial Launches Investment Banking Division, Adding Industry Leaders Kimberly Boulmetis and Ajay Asija as Co-Heads

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) has launched Siebert Investment Banking, a strategic expansion designed to serve middle-market clients often overlooked by larger financial institutions. Leading this new division are Kimberly Boulmetis and Ajay Asija, two seasoned professionals with extensive experience in capital markets, M&A, and financial advisory services.

    Siebert Investment Banking will initially focus on providing tailored solutions for underserved companies in financial services in FinTech, depository, and specialty finance, expanding the practice into blockchain and digital assets and building additional verticals over time. In addition to the existing institutional distribution channels, the new division will be able to leverage Siebert’s extensive retail distribution network. The firm is uniquely positioned to provide certainty of execution in equity and debt financings while offering a client-centric, transparent business model that attracts top banking talent.

    John J. Gebbia Sr., CEO of Siebert Financial, emphasized the firm’s strategic vision. “Investment banking is a natural extension of Siebert’s commitment to providing best-in-class financial solutions to its clients. Kimberly and Ajay bring the expertise and leadership necessary to develop a strong platform, serving a vital market segment.”

    Asija and Boulmetis’ appointment strategically complements the recent expansion of the firm with the Capital Markets Group, led by Randy Billhardt complementing Siebert’s existing strengths.

    Ajay Asija, bringing over 25 years of experience in investment banking, has advised on over $90 billion in transactions throughout his career at firms including Lehman Brothers, J.P. Morgan, Bear Stearns, and B. Riley. Most recently, he served as CFO of BM Technologies, a publicly traded FinTech company, orchestrating its successful sale to First Carolina Bank. His M&A and strategic financial advisory expertise make him a key driver in Siebert’s expansion.

    “The middle market deserves the same level of expertise and execution as larger firms,” said Asija. “Siebert’s platform offers the ideal foundation to deliver trusted high-quality advisory services to clients who need them most.”

    With over 25 years of experience in debt capital markets and financial institutions advisory, Kimberly Boulmetis most recently was the head of U.S. Financial Institutions for the DCM Group at Mitsubishi UFJ Financial Group (MUFG) where she was responsible for covering a broad roster of financial institution clients – including banks, insurance companies, asset management firms, private equity sponsors, business development companies (BDCs) and closed-end funds.  She has a deep knowledge of markets, providing her clients with innovative strategic and financing solutions in both public & private markets. One of her major areas of focus is helping ’40 Act companies, specifically BDCs and Closed-End Funds, optimize their cost of capital.

    “I am so excited to join Siebert, a firm that was originally founded by Muriel Siebert, a true trailblazer, with current leadership that honors her legacy with incredible focus, drive, and the desire to continue to strategically enhance the firm for our clients’ benefit,” said Boulmetis. “Siebert’s current platform, coupled with the areas that the firm is building out, will allow Randy, Ajay & I to be extremely well-positioned to truly add value to our clients from a corporate advisory and capital raising perspective.”

    Randy Billhardt, Head of Capital Markets at Siebert, comments, “Investment banking at Siebert will be defined by its ability to provide a boutique, high-touch experience while leveraging the firm’s broad distribution network. I am proud to welcome Kimberly and Ajay to Siebert, adding their deep expertise and leadership to our growing capabilities.”

    About Siebert Financial Corp.
    Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

    Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Entertainment LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

    Cautionary Note Regarding Forward-Looking Statements
    The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

    These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.

    Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

    Media Contact
    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cca28fdf-fc44-4b26-8a62-2f005b866714

    The MIL Network –

  • MIL-OSI: Moderne Secures $30M to Drive Billions in Enterprise Code Modernization Savings – Based on Its Innovative Tech Used by AWS, Microsoft, and Broadcom AI Assistants

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) — Moderne, the automated code refactoring and analysis company, announced it has closed $30 million in Series B funding led by Acrew Capital with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures, as well as all previous investors Allstate, Intel Capital, Mango Capital and True Ventures. The funding is further validation that Moderne is emerging as the only company driving mass-scale code modernization and tech debt remediation critical to the progress and success of enterprises and hyperscalers.

    In the last two years, billions of dollars have been invested in AI-powered coding assistants to help developers write new software. However, these tools can fail to address the millions of applications and billions of lines of existing code that companies have developed over the last three decades that must be constantly updated, maintained and secured.

    Moderne is the only company with a proven platform designed to analyze and transform large codebases efficiently and cost-effectively. The technology, developed for a fraction of the cost of the new crop of AI-powered coding assistants, stems from the OpenRewrite open-source project Moderne CEO and co-founder Jonathan Schneider developed at Netflix. OpenRewrite has become the de facto standard for code migration and maintenance, and it has been integrated into a number of developer tools from the world’s largest software companies, including AWS’s Amazon Q, Broadcom’s App Advisor, and Microsoft’s GitHub Copilot.

    “The challenge of addressing technical debt impacts nearly every company, but it’s mission-critical for enterprises managing massive, complex codebases,” said Mark Kraynak, Founding Partner at Acrew Capital. “Moderne’s technology is purpose-built for this scale, plus it complements and improves this new generation of AI for code. Moderne has redefined what success in code modernization looks like—delivering proven results for some of the largest and most sophisticated enterprises.”

    The breakthrough innovation powering Moderne is its one-of-a-kind Lossless Semantic Tree (LST) data model for code that enables a new level of insights into a codebase beyond what is visible in the typical ‘code as text’ representation. The Moderne Platform can work across multiple LST files at once to analyze and transform codebases quickly and accurately. When combined with agentic experiences, like Moderne’s new Mod Agent, developers can work even more efficiently to understand and evolve large codebases.

    “Moderne alone produces the data that is going to drive the next decade of code modernization. This data covers everything the compiler knows about the code multiplied by tens of thousands of repositories at each customer,” said Schneider. “Moderne is already driving large-scale application modernization savings for our customers over and over again—and we’re only scratching the surface of what can be done.”

    With a team of language engineering and software development experts, Moderne grew its customer base by 250% in 2024, attracting many Fortune 500 companies, including Allstate, Choice Hotels, and Walmart. In fact, five top North American banks are Moderne customers. The company will use the new funding to extend its commitment to providing ideal customer experiences and rapid time to value with Moderne.

    Additional Investor Quotes:

    Amex Ventures: “Moderne’s technology and open-source community can help enterprises move their valuable software forward with higher accuracy and reliability,” said Kevin Weber, Managing Director at Amex Ventures. “The company helps ensure efficient and cost-effective modernization.”

    TIAA Ventures: “It’s crucial that financial institutions are agile and adaptive in today’s advanced digital age. Moderne offers an impressive at-scale approach that can revolutionize code modernization, helping to streamline, improve, and secure the software that’s driving some of the biggest industries. This investment can streamline and improve services for TIAA retirement clients, and we look forward to working with the Moderne team,” said Thompson Barro, Senior Director at TIAA Ventures.

    About Moderne
    Moderne automates mass-scale code modernization that’s critical to the progress and success of enterprise companies today—making a difference in minutes, not months. Moderne is based in Miami, and its investors include Acrew Capital, Intel Capital, True Ventures, Mango Capital, Allstate Strategic Ventures, Morgan Stanley, Amex Ventures, and TIAA Ventures, among other investors and advisors. To learn more visit www.moderne.ai

    Contact: merrill@freundpr.com

    The MIL Network –

  • MIL-OSI: Two Payden Mutual Funds Receive Five-Star Overall Morningstar Rating™

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) — The Payden Floating Rate Fund (PYFRX) and the Payden High Income Fund (PYHRX) each received a five-star overall Morningstar rating as of January 31, 2025.

    The Floating Rate Fund’s investment objective is to seek a high level of current income through floating rate debt instruments, with a secondary objective of long-term capital appreciation. In addition, the fund received a five-star Morningstar rating for the three-, five- and ten-year periods.

    The High Income Fund invests in corporate high-yield bonds, which provide a premium to U.S. Treasury bonds. The fund generally invests in the higher-quality segment of the market and looks for companies with good growth prospects, superior and defensible products and strong management teams.

    The Payden Funds span the fixed income asset class, from short-term floating rate bonds to socially responsible municipal bonds to credit sensitive areas like high yield and emerging markets corporates. During a turbulent period for the bond market, with rising rates and increasing uncertainty about the future direction of the global economy, Payden’s process has endured even in challenging markets.

    About Payden & Rygel

    With $159 billion under management, Payden & Rygel is one of the largest privately-owned global investment advisers focused on the active management of fixed income and equity portfolios. Payden & Rygel provides a full range of investment strategies and solutions to investors around the globe, including Central Banks, Pension Funds, Insurance Companies, Private Banks, and Foundations. Independent and privately-owned, Payden is headquartered in Los Angeles and has offices in Boston, London, and Milan. Visit www.payden.com for more information about Payden’s investment offerings, including US mutual funds and Irish-domiciled funds (subject to investor eligibility).

    *Morningstar rates funds from one to five stars based on how well their risk-adjusted performance compares to similar funds. Within each Morningstar Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods—three-, five-, and 10 years—and these ratings are combined to produce an overall rating. Funds with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They’re a useful tool for identifying funds worthy of further research, but shouldn’t be considered buy or sell recommendations. Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees). Total returns do account for the expense ratio, which includes management, administrative, 12b-1 Distribution fees, and other costs that are taken out of assets.

    © 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, visit our website at payden.com or call 800 572-9336.

    For more information and to obtain a prospectus or summary prospectus, visit payden.com or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information about the Fund, which is contained in these documents.

    A Investing in high-yield securities entails certain risks from investing in investment grade securities, including higher volatility, greater credit risk, and the issues’ more speculative nature.

    B Investment in foreign securities entails certain risks from investing in domestic securities, including changes in exchange rates, political changes, differences in reporting standards, and, for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.

    Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.

    A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8d395c-a448-4ade-a15e-69e566acc651

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

    The MIL Network –

  • MIL-OSI: Thrive Appoints Ben Reich as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, today announced Ben Reich has joined the company as Chief Financial Officer. Reich will bring his strategic expertise in growing businesses organically and through acquisition as Thrive continues to experience rapid growth to meet the complex needs of the industries the company serves.

    With a proven track record of building finance, operations, and HR teams while successfully managing P&L and capital budgets, Reich brings a wealth of expertise in financial and M&A strategy to Thrive. Reich most recently held the title of Chief Financial Officer at Opti9 Tech, a leading hybrid cloud solutions provider, where he provided critical financial guidance to the executive team and stakeholders, and drove the M&A strategy by modeling potential acquisition targets, conducting due diligence, and evaluating synergies. Prior to Opti9 Tech, Reich served as Vice President, Finance at ATSG, completing the integration of four acquisitions and driving $100M in commitment from external investment groups.

    “We have grown into one of the leading global technology outsourcing firms, and to support our momentum, we need leaders who will help us execute our growth and expansion objectives,” said Bill McLaughlin, CEO of Thrive. “Ben’s proven track record and deep understanding of driving M&A strategy and business growth will be indispensable as we continue to scale to deliver the best solutions for our customers.”

    The appointment of Reich comes at an exciting time of growth for Thrive, having recently elevated Bill McLaughlin to the CEO role. The company also received a strategic investment from Berkshire Partners and Court Square Capital Partners to unlock further growth. Along with this, Thrive continues to expand geographically, most recently acquiring Michigan-based Safety Net and North Carolina-based The Longleaf Network.

    “Tapping into financial strategies that lead to business growth and bring real impact to organizations is what I’m most enthusiastic about,” said Reich. “Thrive’s growth trajectory and aggressive M&A goals are why I am here. I look forward to working with Bill and the rest of the Thrive team to start executing against them and continue to scale the company to ensure future success.”

    If you’re interested in learning more about open positions at Thrive, visit the careers page.

    About Thrive  
    Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at www.thrivenextgen.com or follow us on LinkedIn.  

    Contacts  
    Amanda Maguire  
    thrive@v2comms.com   

    The MIL Network –

  • MIL-OSI: Allied Energy Fuels the Future of Crypto with Groundbreaking Natural Gas Agreement

    Source: GlobeNewswire (MIL-OSI)

    MCKINNEY, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) (“Allied Energy”) proudly announces a transformative Natural Gas Purchase and Sale Agreement with River Energy Group, LLC and Louis Energy Gas Texas, Inc. This collaboration positions Allied Energy at the forefront of both the energy and digital economies, helping to power the next generation of cryptocurrency data centers while embracing sustainable and efficient natural gas usage.

    With exclusive rights granted to Louis Energy Gas Texas, Inc. to purchase natural gas from the Thiel Well 1 in Washington County, Texas, this agreement is set to energize a state-of-the-art cryptocurrency mining facility. Strategically located near the wellhead, this facility is designed to meet the rapidly growing energy demands of the digital economy.

    As of the latest Texas Railroad Commission data from December 2024, Texas continues to lead in natural gas production, with the state accounting for nearly 25% of U.S. natural gas production. In 2023 alone, Texas produced more than 11 billion cubic feet of natural gas daily, making it the largest natural gas producer in the United States. The natural gas supply from Well 1 will provide the stable, reliable energy necessary to support Louis Energy Gas Texas, Inc. cutting-edge 2-3.5 megawatt mining operation, with plans for future expansion.

    In addition, according to the Cambridge Centre for Alternative Finance, the U.S. is the world leader in Bitcoin mining, with approximately 37% of the global hash rate coming from U.S.-based operations. This dominance is partly powered by reliable, low-cost energy sources such as natural gas, an efficient and environmentally responsible option for powering large-scale mining facilities.

    Key Highlights of the Agreement Include:

    • Exclusive Natural Gas Supply: Allied Energy and River Energy will deliver a steady and exclusive natural gas supply from Well 1, providing a reliable and cost-effective energy source to power Louis Energy Gas Texas, Inc. mining operations.
    • Crypto Datacenter Infrastructure: Louis Energy Gas Texas, Inc. will build and operate a state-of-the-art mining facility with a minimum one-megawatt power generation capacity, with plans for future expansion to meet future energy demands.
    • Sustainability and Efficiency: This collaboration is committed to utilizing natural gas in the most efficient and sustainable manner possible, supporting a greener, more energy-efficient future for the crypto currency sector.
    • Regulatory Compliance: Louis Energy Gas Texas, Inc. is fully dedicated to securing all required regulatory approvals and permits, ensuring that every aspect of the project meets rigorous environmental and safety standards.

    “We are thrilled to be partnering with River Energy and Louis Energy Gas Texas, Inc. on this exciting new venture,” said George Monteith, CEO of Allied Energy. “This agreement marks a major milestone for Allied Energy, highlighting our dedication to providing sustainable energy solutions for the rapidly growing crypto currency sector. It also positions us to play a pivotal role in the expanding natural gas market, supporting long-term growth and innovation.”

    This agreement represents a key moment for both the energy and technology industries, underscoring the importance of sustainable, reliable energy in powering the future of digital economies worldwide.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    About River Energy Group, LLC:

    River Energy Group, LLC brings over 90 years of expertise in the commodities, derivatives, and financial services sectors. The company has partnered with Allied Energy Corporation through a joint venture to identify, secure, and allocate stranded and flared natural gas resources. Their focus is on transforming these resources into resilient and reliable stand-alone microgrids, advancing sustainable energy solutions.

    About Louis Energy Gas Texas, Inc.:

    Louis Energy Gas Texas, Inc. is a forward-thinking energy company specializing in the development, operation, and optimization of innovative energy solutions. The company focuses on providing high-capacity, sustainable energy to diverse industries, with a notable emphasis on powering crypto currency data centers. Louis Energy Gas Texas, Inc. is committed to advancing renewable energy technologies while ensuring operational efficiency, reliability, and regulatory compliance across all its projects. Through strategic partnerships and cutting-edge infrastructure, Louis Energy Gas Texas, Inc. continues to play a pivotal role in driving Texas’ energy future forward.

    Safe Harbor Statement:

    This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    Twitter: https://twitter.com/AlliedEnergyCo1

    The MIL Network –

  • MIL-OSI: Anfield Energy to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Anfield Energy, Inc. (TSXV:AEC; OTCQB:ANLDF), with its uranium and vanadium asset portfolio based in the Southwestern United States and focused on development and the pursuit of near-term production, today announced that Corey Dias, Chief Executive Officer, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 11:30 AM ET
    LINK: https://bit.ly/4hPp1JA
    Available for 1×1 meetings: February 12th and 13th

    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

    • Recently completed a $15 million equity financing
    • Announced its intention to pursue a listing of its shares on a senior US stock exchange
    • Announced that it had completed its 14-hole, 14,100-foot drill program at its Slick Rock uranium and vanadium project and outlined its 2025 plans to advance the project, including the pursuit of a Plan of Operations

    About Anfield Energy, Inc.

    Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the TSX Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

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

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

    CONTACTS:
    Anfield Energy, Inc.
    Corey Dias
    Chief Executive Officer
    604-669-5762
    cdias@anfieldresources.com

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

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

    Cautionary Statement Regarding Forward-Looking Information

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the anticipated use of proceeds from the Equity Financing, the receipt of regulatory approvals with respect to the Equity Financing and the intention to pursue a listing on a US stock exchange.

    Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

    Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will use the proceeds of the Equity Financing as currently anticipated; that the Company will receive regulatory approval with respect to the Equity Financing; and that the Company will be able to pursue a listing on a US stock exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

    There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company may not use the proceeds of the Equity Financing as currently anticipated; that the Company may not receive regulatory approval with respect to the Equity Financing; the risk that the Company may not have the resources, or may otherwise be unable to pursue a listing on a US stock exchange; risks relating to the actual results of the Company’s operational activities, fluctuating commodity prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

    Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

    The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek safe harbor.

    The MIL Network –

  • MIL-OSI: Silver Tiger Metals to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) based in Halifax, Nova Scotia, focused on Developing Production at the El Tigre Silver Mining District in Sonora Mexico, today announced that Glenn Jessome President & CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:00pm EST
    LINK: https://bit.ly/3Ex4Xxc
    Available for 1×1 meetings: February 12th / 13th

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

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

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

    About Silver Tiger and the El Tigre Historic Mine District

    Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. 

    Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023. 

    The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz. 

    Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

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

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

    CONTACTS:
    Silver Tiger Metals Inc.
    Devin Devarennes
    VP Investor Relations
    902-233-3656
    Devin@silvertigermetals.com

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

    The MIL Network –

  • MIL-OSI: Red Pine Exploration to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF), based in Toronto, focused on Gold exploration in Canada, today announced that Michael Michaud, President and CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:30 pm (EST)
    LINK: https://bit.ly/3CX0cMV
    Available for 1×1 meetings: February 13-17

    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

    • Recent Drilling at the Wawa Gold Project has Expanded Gold System
    • Recent Mineral Resource Estimate increased by 150% ounces of gold
    • Fully Funded to complete 25,000 metre drill program

    About Red Pine Exploration Inc.

    Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s shares trade on the TSX Venture Exchange under the symbol “RPX” and on the OTCQB Markets under the symbol “RDEXF”.

    The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. The Company’s land package hosts numerous historic gold mines and is over 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region.

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

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

    CONTACTS:
    Red Pine Exploration Inc.
    Michael Michaud
    President and CEO
    905-410-3191
    mmichaud@redpineexp.com

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

    The MIL Network –

  • MIL-OSI USA: Acting Chairman Statement on Climate-Related Disclosure Rules

    Source: Securities and Exchange Commission

    Today, I am taking action on The Enhancement and Standardization of Climate-Related Disclosures for Investors rule that was adopted by the Commission on March 6, 2024 (the “Rule”).[1] The Rule is currently being challenged in litigation consolidated in the Eighth Circuit[2] and the Commission previously stayed effectiveness of the Rule pending completion of that litigation.[3] The Rule is deeply flawed and could inflict significant harm on the capital markets and our economy.

    Both Commissioner Peirce and I voted against the Rule’s adoption.[4] Commissioner Peirce said that then-existing disclosure rules were sufficient and that the “[R]ule’s anticipated benefits do not outweigh the costs.”[5] She argued that “only a mandate from Congress should put us in the business of facilitating the disclosure of information not clearly related to financial returns.”[6] I stated that the Commission was “without statutory authority or expertise” to address climate change issues and that “this [R]ule is climate regulation promulgated under the Commission’s seal.”[7]

    During the comment period, many submissions likewise urged that the Rule not be adopted. Among the reasons were that the Rule would require a large volume of financially immaterial information, financially material climate-related risks were already subject to disclosure under existing rules, and the proposed rules overstepped the SEC’s regulatory authority.[8]

    The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views. The briefs defend the Commission’s adoption of the Rule, but I continue to question the statutory authority of the Commission to adopt the Rule, the need for the Rule, and the evaluation of costs and benefits. I also question whether the agency followed the proper procedures under the Administrative Procedure Act to adopt the Rule.

    The lack of statutory authority is a weighty factor. Commissioners have a constitutional obligation to determine the bounds of the agency’s statutory authority, and my views on the Commission’s authority here were the result of lengthy study and research informed by many comments on all sides of the issue.

    These views, the recent change in the composition of the Commission, and the recent Presidential Memorandum regarding a Regulatory Freeze,[9] bear on the conduct of this litigation. I believe that the Court and the parties should be notified of these changes.

    Therefore, I have directed the Commission staff to notify the Court of the changed circumstances and request that the Court not schedule the case for argument to provide time for the Commission to deliberate and determine the appropriate next steps in these cases. The Commission will promptly notify the Court of its determination about its positions in the litigation.

    [2] Iowa v. SEC, No. 24-1522 (8th Cir.); see also Liberty Energy Inc. v. SEC, No. 24-cv-739 (N.D. Tex.).

    [5] Commissioner Peirce Statement.

    [7] Commissioner Uyeda Statement.

    [8] See, e.g., Comment of the Federal Regulation of Securities Committee of the Business Law Section of the American Bar Association (Jun. 24, 2022); Comment of the U.S. Chamber of Commerce (Jun. 16, 2022); Comment of the National Association of Convenience Stores (Jun. 8, 2022); Comment of the National Association of Manufacturers (Jun. 6, 2022).

    MIL OSI USA News –

  • MIL-OSI: Provident Bank Strengthens Executive Leadership Team, Welcoming Chief Lending Officer to Advance Commercial Banking and Lending Strategy

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Bill Fink as Executive Vice President, Chief Lending Officer, leading the commercial bank and the commercial lending growth strategy.

    Mr. Fink has over 30 years of experience in commercial banking and credit administration and will lead and direct the bank’s commercial lending strategies, including new business development, loan portfolio management, and policy management for all commercial business lines, including C&I, commercial real estate, treasury management, and specialty lines. His expertise in structuring complex credit transactions and developing innovative approaches will help expand the bank’s loan portfolio and drive sustainable growth consistent with the bank’s risk appetite. In addition to overseeing lending initiatives, given his deep commercial banking experience, Mr. Fink will serve as a strategic advisor, collaborating closely with Provident’s Executive Leadership Team.

    “I’m excited to begin a new chapter in my career where I can support Provident Bank’s mission to redefine the super community banking space,” said Bill Fink, Executive Vice President and Chief Lending Officer. “With a strong foundation and clear momentum, I look forward to using my experience in commercial lending to drive growth, strengthen customer relationships, and foster a culture of innovation and excellence that supports Provident Bank’s business strategy.”

    Mr. Fink will oversee a $16B loan portfolio and lead a team of eight direct reports and a total team of 250 employees based in New Jersey, New York, and Pennsylvania. He will also oversee portfolio management and credit risk, ensuring the bank’s lending strategies align with market opportunities and long-term objectives. Mr. Fink will contribute to enhancing credit policies, introducing new lending products, and optimizing the portfolio mix to ensure the bank is providing the best solution to its customers. Additionally, he will represent the bank at industry events and public engagements, strengthening relationships with customers and partners, while reinforcing Provident’s market presence.

    “Bill is an exceptional leader, bringing broad expertise in commercial banking with a vision for driving growth and innovation,” said Anthony Labozzetta, President and CEO, Provident Bank. “I am thrilled to welcome him to our team as we enhance our commercial lending capabilities, deepen customer relationships, and position our bank for long-term success.”

    Mr. Fink brings two decades of leadership experience at TD Bank, N.A., where he held key senior roles across regional and national markets. Most recently, he served as EVP and Head of U.S. Middle Market Banking, leading TD’s nationwide expansion strategy for Middle Market and Asset-Based Lending and overseeing a $24 billion portfolio. Previously, as EVP, Chief Lending Officer, and Head of Credit Management for TD’s U.S. Commercial Banking Division, he played a critical role in credit oversight and risk management.

    Mr. Fink holds an MBA in Management & Finance and a Bachelor of Science in Marketing from St. Joseph’s University. He is also a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA). In addition, he completed the Advanced Finance Postgraduate Program at the Wharton School of the University of Pennsylvania and is a member of the Executive Education Board of Directors at The Wharton School, University of Pennsylvania.

    About Provident Bank
    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.05 billion as of December 31, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Provident Bank
    Keith Buscio – keith.buscio@provident.bank
    Vested – providentbank@fullyvested.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1dab4f57-ba76-4ff3-9ba9-48d91a5dc47c

    The MIL Network –

  • MIL-OSI: Array Releases Study Uncovering the 5 Myths Costing the Banking Industry Billions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Array, a leading embedded consumer products platform, in partnership with industry expert Ron Shevlin and Cornerstone Advisors, announced today the release of research exposing key disparities between banking industry perceptions and reality—along with the financial impact of these misconceptions. The study, Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances, collected insights from 2,500 US adults, recruited to be representative of the US adult population. The report examined generational behavioral trends, focusing on consumer expectations for financial institution offerings and the fintech tools different cohorts are investing in.

    “Over the years, certain misconceptions about consumer attitudes and behaviors have become gospel to bankers,” said Shevlin, Chief Research Officer at Cornerstone Advisors. “It’s time to bust some of the myths that many bankers believe about how Americans manage their financial lives and prove to bankers that the beliefs they’re clinging to are costing them billions of dollars in lost revenue.”

    Key findings from the research include:

    • Myth #1: Direct deposit is key to banking relationships
    • Myth #2: Fintech deteriorates bank and credit union relationships
    • Myth #3: Financial health = education + literacy
    • Myth #4: Young consumers get their financial advice from TikTok
    • Myth #5: No one pays for fintech

    “Financial institutions and fintechs are striving to deepen engagement by offering a diverse suite of financial, identity, and privacy tools. Our study highlights a growing gap between consumer expectations and availability—revealing increasing demand for more seamless access to these tools,” said Amelia Chen, Head of Marketing at Array. “Consumers no longer want to switch between multiple mobile apps to manage their finances; they expect a unified, integrated experience presenting a significant opportunity for both financial institutions and fintechs to meet this demand.”

    Access: Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances here.

    Array will host a webinar on Feb 26th where Shevlin will present key findings from Billions Lost and explore how financial institutions and fintechs can effectively address these misconceptions.

    About Array

    Array fuels financial progress for many of the world’s leading fintechs, financial institutions, and digital brands with a suite of private-label fintech solutions that can be easily embedded. Array drives engagement and revenue for clients by helping them stand out in a crowded market and forge deeper relationships with their customers. More than a suite of products, we’re building a platform to help consumers own their financial future.

    Array was founded in 2020 by Martin Toha and its investors include Battery Ventures, General Catalyst, and Nyca Partners. To learn more visit www.array.com.

    Media Contact:
    Amelia Chen
    amelia.chen@array.com

    The MIL Network –

  • MIL-OSI: LM Funding America Announces January 2025 Production and Operational Update

    Source: GlobeNewswire (MIL-OSI)

           – 15 MW Oklahoma Mining Site Fully Operational

    – Bitcoin HODL valued at $16.1 million as of January 31, 2025

    TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) —  LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended January 31, 2025.

    Metric Dec 2024 Jan 2025
    – Bitcoin1    
    – Mined, net 7.0   8.0
    – Sold (4.0)   –
    – Purchased 5.0   –
    – Service Fee –   –
    – Bitcoin HODL 150.2   158.2
    – Machines1    
    – Operational 3,681   5,121
    – Storage 2,159   719
    – Total Machines 5,840   5,840
    – Hashrate (EH/s1)    
    – Oklahoma 0.29   0.43
    – Hosted 0.13   0.13
    – Energized 0.42   0.56
    – Storage 0.21   0.07
    – Total 0.63   0.63

    “The energization of our Oklahoma site and reaching our target of 0.56 active EH/s marks a significant achievement for LM Funding,” stated Bruce Rodgers, Chairman and CEO of LM Funding. “Even though we are still a small player in this industry, our disciplined capital allocation, low overhead costs, and strong balance sheet affords us the opportunity to acquire more low-cost energy sites like our Oklahoma site and strategic M&A, while steadily building our Bitcoin holdings. Looking forward, we are pursuing green field and brown field power assets in the 5 to 20 MW range — which don’t meet large operators acquisition thresholds — to continue our growth.”

    The Company estimates that the value of its 158.2 Bitcoin holdings on January 31, 2025, was approximately $16.1 million, based on a Bitcoin price of approximately $102,000 as of January 31, 2025.

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the risks of operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com 

    1 Unaudited

    The MIL Network –