Category: Finance

MIL-OSI: LPL Financial Welcomes Jackson/Roskelley Wealth Advisors

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Jared Roskelley, CFP®, and Kyle Robertson, CFP®, of Jackson/Roskelley Wealth Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $345 million in advisory, brokerage and retirement plan assets* and join LPL from Ameriprise.

Based in Scottsdale, Ariz., Jackson/Roskelley Wealth Advisors was founded on the principles of integrity, insight and independence. Founder Bob Jackson started the firm in 1994, bringing Roskelley on board as a shareholder in 2006 after the two struck up a friendship during coursework for CFP® certification. Roskelley later became president and CEO, allowing Jackson to successfully transition into retirement. Robertson joined the practice in 2015 and now serves as managing director and represents the third generation of ownership for Jackson/Roskelley Wealth Advisors.

“We offer investment strategies, financial planning and goals-based advice to help clients feel more confident about their financial future,” said Roskelley, who learned early on about the complexities of finance from his father, a tax and insurance specialist. “We focus on the comprehensive nature of financial planning to integrate investments, risk tolerance, estate planning and tax strategies into a singular, personalized plan for each client.”

Looking to get back to their true independent roots, the advisors turned to LPL for the next chapter of their business.

“From Day One, we’ve always valued independence and entrepreneurship,” Roskelley said. “By moving to LPL we have more control of our destiny and the power to do what’s in our clients’ best interests. We appreciate that LPL does not offer proprietary investment products, and we also believe clients will benefit from LPL’s industry-leading, integrated technology that allows them to access all their account information with a single login.”

Staying involved in the community is a priority for both advisors. Roskelley is in the Boy Scouts of America Scoutmaster Hall of Fame (Mesa District) and previously served as director of programming for the Financial Planning Association of Greater Phoenix. Robertson is also active in his community, serving as president of his school’s parent-teacher organization and athletic committee while also coaching multiple youth sports leagues.

Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Jared and Kyle to the LPL community. LPL is committed to delivering innovative capabilities and strategic resources that make it easier for advisors to manage their practices, accelerate their business and build long-term value with their clients. We look forward to supporting Jackson/Roskelley Wealth Advisors 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 more than 29,000 financial advisors and the wealth management practices of 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of 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. LPL Financial and its affiliated companies provide financial services only from the United States. Jackson/Roskelley Wealth Advisors 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 as reported to LPL

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

Tracking #688390

The MIL Network –

February 7, 2025
MIL-OSI: UnitedLex Partners with Infinnium to Elevate Cyber Incident Response Services with Cutting-Edge Information Governance and Data Protection Tools
Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — UnitedLex, a leading tech-enabled legal services company specializing in incident response, litigation, intellectual property, and legal operations, with decades of experience serving clients facing complex investigations related to cybersecurity incidents, today announces it has partnered with Infinnium, integrating their comprehensive Information Governance & Data Protection solution as an enhancement to the company’s Cyber Incident Response services.

Infinnium’s purpose-built, AI-powered platform, combined with UnitedLex’s Incident Response data mining expertise, revolutionizes breach response with unmatched speed, precision, and efficiency. By eliminating error-prone handoffs and redundant data copies, UnitedLex delivers clients faster, more accurate insights—while significantly reducing costs and mitigating risks.

“Our clients expect speed, accuracy, and security in their incident response efforts,” said Renee Meisel, CEO of UnitedLex. “The innovative AI tools that Infinnium has created, joined with UnitedLex’s optimized process workflows and top-tier professional services give our clients faster insight into their data, allowing for early assessments of matters with faster and more accurate reporting of potential timelines and budgets.”

Infinnium’s solution integrates seamlessly into UnitedLex’s robust Cyber Incident Response framework, ensuring:
- Accelerated Breach Reviews: Streamlined processes reduce response times, providing faster insights and outcomes.
- Seamless Investigation Management: One unified platform eliminates redundancies and enhances data accuracy.
- Cost-Effectiveness at Scale: Optimized workflows and automated tasks reduce operational costs while maintaining compliance and quality.
“UnitedLex’s leadership in this space aligns perfectly with Infinnium’s proven experience in simplifying and securing data-driven processes such as data breach review,” said Doug Kaminski, Chief Revenue Officer, Infinnium. “Together, we’re delivering an unparalleled, AI-driven solution that addresses the complexities of modern data challenges.”

Experts from UnitedLex and Infinnium will be demonstrating their Cyber Incident Response services at the NetDiligence Cyber Risk Summit from February 10-12 in Miami. For more information about how UnitedLex is helping clients respond and determine the best path forward in the early and critical timeframes of an incident, visit https://unitedlex.com/incident-response/.

About UnitedLex
UnitedLex is the preeminent business partner for legal delivering services that achieve value and drive growth for corporate legal departments and law firms in the areas of litigation and investigations, intellectual property, legal operations, and incident response.

Founded in 2006, we co-create solutions that mitigate risk, drive revenue, and optimize business investment—transforming the legal function into a catalyst for success. Our team of 3,000+ legal and business professionals, data analysts, technologists, and engineers supports our clients from operational centers around the world.

About Infinnium
Infinnium is a pioneer in Information Governance and Data Protection, offering advanced solutions for breach response, DSAR management, and investigation workflows. Infinnium’s platform empowers organizations to navigate complex data environments with speed, accuracy, and confidence.

Press Inquiries:
Susan Hammann
Director, Strategic Communications
press@unitedlex.com

The MIL Network –
February 7, 2025

MIL-OSI: Innovator Launches QBF, a Bitcoin ETF Providing a 20% Floor* Against Losses with No Cap on the Upside

Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — Innovator Capital Management, LLC (Innovator), pioneer and provider of the first and largest lineup of Defined Outcome ETFs™, today announced the launch of the Innovator Uncapped Bitcoin 20 Floor ETF® – Quarterly (QBF), the first ETF offering uncapped, risk-managed bitcoin exposure.

Following the launch and record demand for spot bitcoin ETFs — coupled with a new presidential administration signaling greater friendliness towards crypto — investors and financial advisors are looking for opportunities to increase exposure to the emerging asset class, despite concerns of potentially large drops in investment value. QBF is designed to offer investors protection against losses greater than 20%^* in bitcoin and uncapped upside with an 80% participation rate over a quarterly outcome period.

Ticker	QBF
Name	Innovator Uncapped Bitcoin 20 Floor ETF® – Quarterly
Exposure	Spot Bitcoin
Downside Protection	20% Floor*
Participation Rate	80% Participation Rate (uncapped)
Outcome Period	3-Months
Reference Asset	Cboe Bitcoin U.S. ETF Index

The Fund does not invest directly in bitcoin.

Historically, bitcoin exhibits large swings in price movement — both to the upside and downside over quarterly timeframes. For example, in 2018, bitcoin experienced quarterly losses of 51% in the first quarter and 44% in the fourth quarter. More recently, bitcoin experienced its second worst quarterly loss during the second quarter of 2022, losing nearly 60% of its value. Conversely, bitcoin’s best calendar quarter returns for each year from 2019 to 2024 were 178%, 171%, 103%, 4%, 72%, and 67%. QBF seeks to provide investors with exposure to the upside volatility while mitigating the downside potential.

“Many investors are intrigued by crypto’s outsized gains and are gravitating towards bitcoin but are wary of losing everything,” said Graham Day, CIO at Innovator. “We brought QBF to market as a solution for advisors who want to offer clients bitcoin’s upside potential while simultaneously capping downside losses. Bitcoin has historically offered an asymmetric return profile, and it was crucial that we not cap upside gains in our efforts to cap downside losses.”

About Innovator Capital Management, LLC

Innovator was established in 2017 by Bruce Bond and John Southard, founders of the PowerShares ETF lineup that has grown to be the fourth largest in the world. The listing of three Innovator Buffer ETFs™ in August 2018 marked the launch of the world’s first Defined Outcome ETFs™. Innovator is dedicated to providing ETFs with built-in risk management that offer investors a high level of predictability around their investment outcomes. Today, with more than 130 ETFs and $23 billion in AUM, Innovator is the industry’s leading provider of Defined Outcome ETFs™.

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

^* Before fees and expenses.

There is no guarantee the Fund will achieve its investment objective. The Fund has characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.

The Fund faces numerous market trading risks, including bitcoin risk, bitcoin ETP risk, Defined Outcome strategy risk, Floor risk, Participation Rate risk, Outcome Period risk, derivatives risk, position limits risk, correlation risk, management risk, market risk, investment in a subsidiary risk, market maker risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk, and valuation risk. For a detailed list of Fund risks see the prospectus.

The Fund seeks to provide shareholders with investment results that participate in a percentage of any positive price returns of bitcoin (the “Participation Rate”) while pursuing a maximum loss of 20% of any bitcoin price return losses (the “Floor”), before fees and expenses, over the Outcome Period. The Fund provides exposure to bitcoin price returns by investing in FLEX Options that reference one or more exchange-traded products that hold bitcoin directly or that reference the Cboe Bitcoin U.S. ETF Index. The Cboe Bitcoin U.S. ETF Index is a modified market capitalization-weighted index that is designed to track the performance of a basket of bitcoin ETFs listed on U.S. exchanges. The Fund does not directly invest in bitcoin.

The Fund will not participate in the entirety of gains experienced by the bitcoin price and Fund shareholders will forfeit any gains in the bitcoin price that exceed the Participation Rate. The Participation Rate should be considered before investing in the Fund.

The Participation Rate is a result of the Fund’s sought-after downside protection and is dependent upon market conditions at the time the Fund enters into its FLEX Options for the Outcome Period and is likely to rise or fall from one Outcome Period to the next. It is possible that the Participation Rate in a subsequent Outcome Period could be substantially lower or higher than the current Participation Rate.

The Fund will experience the losses of the bitcoin price on a one-to-one basis prior to the Floor. If the Outcome Period has begun and the Fund has increased in value, an investor purchasing shares at that price may experience additional losses prior to the Floor to the extent the price of Shares has appreciated since the commencement of the Outcome Period. An investment in the Fund is only appropriate for shareholders willing to bear those losses.

The Outcomes may only be realized by investors who hold shares at the outset of the Outcome Period and continue to hold them until the conclusion of the Outcome Period. Investors that purchase shares after the Outcome Period has begun or sell shares prior to the Outcome Period’s conclusion may experience investment returns that are very different from those that the Fund seeks to provide. The Fund will not terminate after the conclusion of the Outcome Period. After the conclusion of the Outcome Period, another will begin. Fund returns for a single Outcome Period will be different than the Outcomes achieved by the Fund over multiple Outcome Periods. There is no guarantee that the Outcomes for an Outcome Period will be realized.

Bitcoin Investing Risk. The further development of the Bitcoin Network and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The value of bitcoin has been, and may continue to be, substantially dependent on speculation. The slowing, stopping or reversing of the development of the Bitcoin Network or the acceptance of bitcoin may adversely affect the price of bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact the digital asset trading venues on which bitcoin trades. The Bitcoin Blockchain may contain flaws that can be exploited by hackers. Cryptocurrency exchanges have stopped operating and have permanently shut down due to fraud, technical glitches, hackers, or malware. Cryptocurrencies operate without central authority, are not backed by any government, and may experience very high volatility.

FLEX Options Risk. The Fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset.

The Fund’s investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus and summary prospectus contain this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.

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

Investing involves risks. Loss of principal is possible. Innovator ETFs are distributed by Foreside Fund Services, LLC.

The MIL Network –

February 7, 2025

MIL-OSI Global: Trump’s offshore wind energy freeze: What states lose if the executive order remains in place

Source: The Conversation – USA – By Barbara Kates-Garnick, Professor of Practice in Energy Policy, Tufts University

The offshore wind industry brings jobs and economic development. AP Photo/Seth Wenig

A single wind turbine spinning off the U.S. Northeast coast today can power thousands of homes – without the pollution that comes from fossil fuel power plants. A dozen of those turbines together can produce enough electricity for an entire community.

The opportunity to tap into such a powerful source of locally produced clean energy – and the jobs and economic growth that come with it – is why states from Maine to Virginia have invested in building a U.S. offshore wind industry.

But much of that progress may now be at a standstill.

One of Donald Trump’s first acts as president in January 2025 was to order a freeze on both leasing federal areas for new offshore wind projects and issuing federal permits for projects that are in progress.

The U.S. Northeast and Northern California have the nation’s strongest offshore winds.
NREL

The order and Trump’s long-held antipathy toward wind power are creating massive uncertainty for a renewable energy industry at its nascent stage of development in the U.S., and ceding leadership and offshore wind technology to Europe and China.

As a professor of energy policy and former undersecretary of energy for Massachusetts, I’ve seen the potential for offshore wind power, and what the Northeast, New York and New Jersey, as well as the U.S. wind industry, stand to lose if that growth is shut down for the next four years.

Expectations fall from 30 gigawatts by 2030

The Northeast’s coastal states are at the end of the fossil fuel energy pipeline. But they have an abundant local resource that, when built to scale, could provide significant clean energy, jobs and supply chain manufacturing. It could also help the states achieve their ambitious goals to reduce their greenhouse gas emissions and their impact on climate change.

The Biden administration set a national offshore wind goal of 30 gigawatts of capacity in 2030 and 110 gigawatts by 2050. It envisioned an industry supporting 77,000 jobs and powering 10 million homes while cutting emissions. As recently as 2021, at least 28 gigawatts of offshore wind power projects were in the development or planning pipeline.

With the Trump order, I believe the U.S. will have, optimistically, less than 5 gigawatts in operation by 2030.

That level of offshore wind is certainly not enough to create a viable manufacturing supply chain, provide lasting jobs or deliver the clean energy that the grid requires. In comparison, Europe’s offshore wind capacity in 2023 was 34 gigawatts, up from 5 gigawatts in 2012, and China’s is now at 34 gigawatts.

What the states stand to lose

Offshore wind is already a proven and operating renewable power source, not an untested technology. Denmark has been receiving power from offshore wind farms since the 1990s.

The lost opportunity to the coastal U.S. states is significant in multiple areas.

Trump’s order adds deep uncertainty in a developing market. Delays are likely to raise project costs for both future and existing projects, which face an environment of volatile interest rates and tariffs that can raise turbine component costs. It is energy consumers who ultimately pay through their utility bills when resource costs rise.

The potential losses to states can run deeper. The energy company Ørsted had estimated in early 2024 that its proposed Starboard Offshore Wind project would bring Connecticut nearly US$420 million in direct investment and spending, along with employment equivalent to 800 full-time positions and improved energy system reliability.

Massachusetts created an Offshore Wind Energy Investment Trust Fund to support redevelopment projects, including corporate tax credits up to $35 million. A company planning to build a high-voltage cable manufacturing facility there pulled out in January 2025 over the shift in support for offshore wind power. On top of that, power grid upgrades to bring offshore wind energy inland – critical to reliability for reducing greenhouse gas emissions from electricity – will be deferred.

Atlantic Coast wind-energy leases as of July 2024. Others wind energy lease areas are in the Gulf of Mexico, off the Pacific coast and off Hawaii.
U.S. Bureau of Safety and Environmental Enforcement

Technology innovation in offshore wind will also likely move abroad, as Maine experienced in 2013 after the state’s Republican governor tried to void a contract with Statoil. The Norwegian company, now known as Equinor, shifted its plans for the world’s first commercial-scale floating wind farm from Maine to Scotland and Scandinavia.

Sand in the gears of a complex process

Development of energy projects, whether fossil or renewable, is extremely complex, involving multiple actors in the public and private spheres. Uncertainty anywhere along the regulatory chain raises costs.

In the U.S., jurisdiction over energy projects often involves both state and federal decision-makers that interact in a complex dance of permitting, studies, legal regulations, community engagement and finance. At each stage in this process, a critical set of decisions determines whether projects will move forward.

The federal government, through the Department of Interior’s Bureau of Offshore Energy Management, plays an initial role in identifying, auctioning and permitting the offshore wind areas located in federal waters. States then issue requests for proposals from companies wishing to sell wind power to the grid. Developers who win bureau auctions are eligible to respond. But these agreements are only the beginning. Developers need approval for site, design and construction plans, and several state and federal environmental and regulatory permits are required before the project can begin construction.

Trump targeted these critical points in the chain with his indefinite but “temporary” withdrawal of any offshore wind tracts for new leases and a review of any permits still required from federal agencies.

Jobs and opportunity delayed

A thriving offshore wind industry has the potential to bring jobs, as well as energy and economic growth. In addition to short-term construction, estimates for supply chain jobs range from 12,300 to 49,000 workers annually for subassemblies, parts and materials. The industry needs cables and steel, as well as the turbine parts and blades. It requires jobs in shipping and the movement of cargo.

To deliver offshore wind power to the onshore grid will also require grid upgrades, which in turn would improve reliability and promote the growth of other technologies, including batteries.

The U.S. has offshore wind farms operating off Virginia, Rhode Island and New York. Three more are under construction.
AP Photo/Steve Helber

Taken all together, an offshore wind energy transition would build over time. Costs would come down as domestic manufacturing took hold, and clean power would grow.

While environmental goals drove initial investments in clean energy, the positive benefits of jobs, technology and infrastructure all became important drivers of offshore wind for the states. Tax incentives, including from the Inflation Reduction Act, now in doubt, have supported the initial financing for projects and helped to lower costs.

It’s a long-term investment, but once clear of the regulatory processes, with infrastructure built out and manufacturing in place, the U.S. offshore wind industry would be able to grow more price competitive over time, and states would be able to meet their long-term goals.

The Trump order creates uncertainty, delays and likely higher costs in the future.

Barbara Kates-Garnick receives funding as an Outside Director for Anbaric Transmission, which has no operating projects related to offshore wind. She has received funding for a research project through Tufts University jointly funded by NOWRDC and the Massachusetts Clean Energy Center. She serves on the board of several nonprofits that are not politically active organizations.

– ref. Trump’s offshore wind energy freeze: What states lose if the executive order remains in place – https://theconversation.com/trumps-offshore-wind-energy-freeze-what-states-lose-if-the-executive-order-remains-in-place-249125

MIL OSI – Global Reports –

February 7, 2025
MIL-OSI: Drone Operations Industry Substantially Expanding Usages, Transforming into A Billion Dollar Revenue Opportunity

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Drones play many roles in every region of the globe… and they seem to be utilized in more situations every day! A report from MarketsAndMarkets said that the Commercial Drone market alone is projected to grow from USD 5.32 billion in 2024 to USD 9.34 Billion by 2030. The report added: “Drones are particularly important for inspecting difficult-to-reach locations at certain altitudes or in contaminated surroundings. The use of drones has modernized the telecommunication tower scrutiny as they can be used to carry out supervision of these towers cost-effectively and in less time. Drones can also be employed for aerial evaluation of buildings and other infrastructures, such as pipelines, electric grids, offshore plants, and solar plates. They can use thermal imaging cameras to detect hotspots on solar plates; spots where energy is not spreading evenly. This can enhance the productivity of solar power plants by the instant identification of potentially problematic areas… Drones can be used to deliver medical supplies in difficult terrains. Drones are considered the future of the last-mile delivery for consumer supplies since they will reduce cost per delivery, along with delivery time. As the wages of delivery persons persist to rise, autonomous delivery or human-less services will become gradually advantageous, especially in developed countries… Emerging economies lack access to roads, and this hampers speedy delivery of basic medical supplies such as blood, medicines, vaccines, drugs, etc. Air transportation of these supplies is costly.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Red Cat Holdings, Inc. (NASDAQ: RCAT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Safe Pro Group Inc. (NASDAQ: SPAI).

MarketsAndMarkets continued: “The success of drones in the fields of ecology and environment creates a trust factor that they can also be utilized in public health, especially to deliver medical couriers. The crucial aspect of using drones is that they reduce the travel time for diagnosis and treatment. Drones are a cost-effective replacement for road transportation in challenging terrains. Drones can be used in disaster relief processes for saving victims and delivering food, water, etc., to survivors and rescue teams. As drone technology advances, regulatory bodies globally are proactively shaping clearer and more supportive regulations to facilitate drone operations. This strategic initiative aims to lower operational barriers and enhance safety, thereby accelerating the adoption of drones across various sectors. Enhanced regulatory frameworks are anticipated to unlock significant business opportunities and drive innovation in drone applications.”

ZenaTech (NASDAQ:ZENA) ZenaDrone Starts Testing its High-Density Batteries to Extend Flight Time for ZenaDrone 1000 Drone for US Defense Applications – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that ZenaDrone will commence testing work this quarter on a high density battery for the ZenaDrone 1000 multifunction AI drone designed for defense and commercial applications. High density batteries are lightweight and enable longer drone flight times, more reliability and endurance for longer defense missions, heavier payloads, and greater operational success of a wide range of military applications. ZenaDrone will use the batteries from ZenaTech’s affiliated company Galaxy Batteries Inc.

“High density batteries are key to longer flight times and reliability in the harsh conditions of military defense operations such as cargo and resupply, intelligence gathering, surveillance, and reconnaissance missions. We will test to ensure these batteries will provide the customization, cost savings, supply chain control and superior performance we require. This is important to our goal to become a Blue UAS-certified supplier to sell to US defense branches and other military organizations,” said CEO Shaun Passley, Ph.D.

ZenaDrone 1000 is an autonomous multifunction drone offering stable flight, maneuverability, heavy lift capabilities, innovative software technology, sensors, AI, and purpose-built attachments, along with compact and rugged hardware engineered for military and industrial use. The company previously completed two paid trials with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field.

The company previously announced that its supply chain is fully NDAA (National Defense Authorization Act) compliant and that it plans to apply for Green UAS (Unmanned Aerial System) followed by Blue UAS certification, an approved supplier list for drone companies.

NDAA compliance refers to adhering to the provisions outlined in the National Defense Authorization Act, which is a set of US federal laws passed every year that specify the budget and expenditures for the Department of Defense (DoD) and address growing cybersecurity concerns. For a product to be NDAA compliant, it must not be produced by a set list of Chinese manufacturers, which extends to the chipsets, cameras, displays and other technology used.

The Blue UAS (Unmanned Aerial System) program is a stringent government approved supplier list of drone companies that wish to do business with the US DoD; suppliers including ZenaDrone must meet strict NDAA cybersecurity and supply chain sourcing requirements. The Green UAS program is essentially the same as the Blue UAS program but has a more streamlined and faster certification process without the specifications on country of origin. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the drone industry include:

Draganfly Inc. (NASDAQ: DPRO), an award‑winning leader in drone solutions and systems development, recently confirmed through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

“Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies are a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced that it will host an Investor and Analyst Day on Thursday, February 27 from 11:00 a.m. – 1:00 p.m. eastern time at the Nasdaq MarketSite in New York City.

The event will feature presentations by Jeff Thompson, Red Cat’s CEO; Geoffrey Hitchcock, Red Cat’s chief revenue officer and other members of the executive leadership team. Robert Imig, Head of USG Research and Development at Palantir Technologies, Inc. (Nasdaq: PLTR) will also present a roadmap for its recently announced strategic partnership with RedCat.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in the defense, national security and global markets, recently announced that Kratos Unmanned Systems Division successfully executed a multi-week demonstration of its self-driving truck platooning system technology with FPInnovations, a Canadian research and technology organization that assesses, adapts and delivers solutions to Canada’s forest industry’s total value chain.

The Kratos developed self-driving system “kit”, which enables vehicles to be capable of autonomous driving, was deployed for evaluation in forestry operations in northern Québec, Canada. Deployment of this technology is intended to mitigate driver shortages, improve safety protocols, boost rural economic vitality, and contribute to the development of a regulatory framework for autonomous vehicles. The automated platooning technology performed exceptionally well in the challenging forestry environment and hauled both unloaded and loaded timber trailers. The Kratos system demonstrated precision navigation in automated platooning mode along complex off-pavement roadways with degraded access to GPS, steep grades, severe visibility-limiting dust, sub-freezing temperatures, rain, and under variable day/night/twilight lighting conditions.

Safe Pro Group Inc. (NASDAQ: SPAI), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, recently announced that it has entered into a multi-year Memorandum of Understanding (MOU) with NIBULON Ltd. (NIBULON) to cooperate on addressing Ukraine’s agriculture crisis which has sustained billions in damages and losses due to the ongoing war.

Safe Pro will provide NIBULON with services and access to SpotlightAI™, its patented hyper-scalable AI-powered drone demining ecosystem running on the Amazon Web Services (AWS) cloud. The collaboration will focus on utilizing AI technology to drastically reduce the time and costs of manually surveying Ukrainian farmland potentially contaminated by landmines and unexploded ordnance (UXO).

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SOURCE: FN Media Group

The MIL Network –

February 7, 2025
MIL-OSI: CERo Therapeutics Holdings, Inc. Highlights Progress

Source: GlobeNewswire (MIL-OSI)

Increased cash balance and momentum with both Nasdaq and Phase 1 trial initiation mark strong beginning for 2025

SOUTH SAN FRANSCISCO, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, provides investors with a corporate update highlighting its improved cash balance following its recent capital raise, steady progress in the initiation of its Phase 1 clinical trial of CER-1236, and a pathway toward maintaining Nasdaq listing.

CEO Chris Ehrlich commented, “We have had a very strong entry into 2025, which has greatly improved the outlook of the Company from the previous year. As announced, we completed a $5 million financing, which gives us a current cash position of approximately $8 million. We believe this funding will allow us to achieve numerous value-creating milestones in the coming year. In addition, we have also completed the conversion of the majority of our preferred shares into common shares, which significantly improves our cap table moving forward.

“Further, we have been diligently working with FDA to complete the set-up of operations and processes needed to initiate our Phase I clinical trials of CER-1236 in AML as noted in our communications with the FDA. We have made significant progress with a leading cancer center as our initial trial site and believe we will dose our first patient in the trial during the first half of the year. In addition, we anticipate submitting our second IND to expand and explore CER-1236 into breast and lung cancers in the coming months.

“Finally, we executed a 100:1 reverse stock split, which enabled us to better position ourselves within the market and move us toward complete Nasdaq compliance. A subsequent meeting with Nasdaq has provided us with the additional time we need and a path forward to achieve that compliance in the near term.

“CERo has made measurable progress in the last two months, and we believe we are now in a favorable position to progress our business plan, as well as to provide a clear pathway toward shareholder value. We thank our team for its invaluable insight and tireless work, as well as our advisors who have been instrumental in getting us to this moment,” concluded Mr. Ehrlich.

About CERo Therapeutics Holdings, Inc.

CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo anticipates initiating clinical trials for its lead product candidate, CER-1236, in 2024 for hematological malignancies.

Forward-Looking Statements

This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo the timing and completion of the reverse stock split, and the acceptance and implementation of its proposed plan of compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 2, 2024, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Chris Ehrlich
Chief Executive Officer
chris@cero.bio

Investors:

CORE IR
investors@cero.bio

The MIL Network –

February 7, 2025
MIL-OSI: Richtech Robotics Announces Grand Opening of Clouffee & Tea in Las Vegas
Source: GlobeNewswire (MIL-OSI)

Company’s new ADAM-centric food and beverage brand to officially launch at Town Square location with ribbon-cutting ceremony on February 9, 2025

LAS VEGAS, Feb. 06, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that the grand opening of Clouffee & Tea at Town Square, Las Vegas will take place on February 9, 2025. Clouffee & Tea is the Company’s food and beverage brand centered around its AI-powered robot ADAM. This is the first store of Richtech Robotics’ Clouffee & Tea brand, with additional stores expected to be open soon.

With ADAM serving as barista, Clouffee & Tea at Town Square will be offering a wide variety of milk teas, coffees, and desserts. Utilizing NVIDIA AI technology, ADAM will detect when customers are present, engage them in conversation, take orders verbally, monitor and adapt to changes in his environment, and craft beverages with high levels of precision and accuracy.

“Today’s announcement is a major milestone for Richtech Robotics, marking the official launch of our innovative food and beverage brand, Clouffee & Tea. This grand opening highlights our ability to leverage AI-powered robotics to drive real revenue in the hospitality industry, setting a new standard for automation in customer experiences,” said Richtech Robotics’ President, Matt Casella. “Clouffee & Tea at Town Square will be a vibrant destination, delivering an interactive and dynamic experience that perfectly captures the energy and excitement Las Vegas locals and visitors crave.”

The grand opening at 6587 S Las Vegas Blvd #B187, Las Vegas, NV 89119 will begin at 11:00 am with a ribbon-cutting ceremony.

Richtech Robotics has deployed over 300 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include, Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more.

About Richtech Robotics

Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. 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. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050

Attachments
- Richtech Robotics Inc.
- Richtech Robotics Inc.
The MIL Network –
February 7, 2025

MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Loungers plc

Source: GlobeNewswire (MIL-OSI)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	AXA Investment Managers S.A.
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Loungers plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	05 February 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	N/A

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.00
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	0	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/Sale	Number of securities	Price per unit
1p ordinary	Sale	715,349	GBP 3.25
1p ordinary	Sale	1,500,000	GBP 3.25
1p ordinary	Sale	245,500	GBP 3.25
1p ordinary	Sale	1,507,975	GBP 3.25

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	06 February 2025
Contact name:	Sabrina AID
*Telephone number:**	+33 1 44 45 58 79

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

The MIL Network –

February 7, 2025

MIL-OSI United Kingdom: Construction boss jailed after fraudulently obtaining two maximum-value Covid loans
Source: United Kingdom – Executive Government & Departments

Director jailed for Bounce Back Loan fraud and transferring criminal property
Arti Deda overstated the turnover of his Knight Workers Limited company to secure two Bounce Back Loans when companies were only entitled to one

Money from the loans was transferred to associates and third parties, not to benefit his business

Deda was jailed for two-and-a-half years and banned as a company director for 10 years

A Berkshire-based director who fraudulently obtained two Covid loans for his construction firm has been jailed.

Arti Deda, 31, overstated the turnover of his Knight Workers Limited company to obtain maximum-value Bounce Back Loans worth £50,000 each from the bank in 2020, when companies were only entitled to one.

None of the £100,000 was used for the economic benefit of the business as was required under the terms of the scheme.

Deda, of Littleport Spur, Slough, was sentenced to two-and-a-half years in prison at Reading Crown Court on Wednesday 5 February.

He was also disqualified as a company director for 10 years.

David Snasdell, Chief Investigator at the Insolvency Service, said:

This significant jail term and director disqualification reflects the seriousness of Covid-related fraud.

Bounce Back Loans were designed to support small and medium-sized businesses through the pandemic. Taxpayers’ money should not have been used for personal purposes by company directors.

The Insolvency Service is committed to investigating these crimes, which have a substantial impact on the public purse, and prosecuting those responsible.

Knight Workers was incorporated in December 2017 with Deda as its sole director.

The company claimed to be in the business of construction of domestic buildings.

However, Insolvency Service investigators found minimal evidence of any trading in the construction industry.

Deda made the fraudulent applications to two separate banks for Bounce Back Loans for the company during the same week in July 2020, falsely declaring its annual turnover was both £390,000 and £495,000 for 2019.

He also claimed in securing the second Bounce Back Loan that this was his only application.

A total of £44,500 was transferred to an associate just days after Deda received the funds. A further £13,000 was later transferred to a third party and £20,000 was transferred from the account with the reference ‘material’.

Deda applied to have Knight Workers liquidated in November 2021 in an attempt to avoid having to repay the loan.

The company was eventually dissolved in April 2023, with Deda having made no repayments.

Deda also failed in his duties as a company director to provide accounting records to the liquidator on request.

The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.

Further information

Arti Deda is of Littleport Spur, Slough. His date of birth is 9 September 1993

Sentenced for: Fraud, contrary to section 1 of the Fraud Act 2006, transferring criminal property, contrary to section 327 of the Proceeds of Crime Act 2002 and failing to preserve accounting records, contrary to section 389(1) of the Companies Act 2006

Knight Workers Limited (company number 11119663)

Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct 

Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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Updates to this page

Published 6 February 2025
MIL OSI United Kingdom –
February 7, 2025
MIL-OSI: GetUSAMemes.org Achieves an Unprecedented Milestone by $USA’s 90% Supply Burn, Sparking a New Era of Transparency
Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — In the latest news, Get USA Memes is making history with an unprecedented $USA’s 90% supply burn—one that sets a new standard for transparency, investor trust, and long-term sustainability in the crypto space. This move, backed by renowned legal expert Nahla Kamaluddin, Esq., is a deliberate effort to strengthen the $USA ecosystem and ensure accuracy in market valuations.

Currently, DexScreener and other platforms display an artificially inflated market cap due to a lack of recognition for liquidity locks. While $USA had already committed to locking 80% of its supply for four years, this move was not fully reflected on certain tracking platforms.

To address this issue, $USA is now permanently burning 90% of its total supply, ensuring that:
- DexScreener and other platforms will accurately display the true market cap.
- The remaining tokens will increase in scarcity, enhancing long-term value.
- Investors will see a transparent and reliable valuation moving forward.
In addition, Nahla Kamaluddin, Esq., Co-Founder of $USA and a leading authority in crypto and blockchain law has been instrumental in shaping this initiative. As the Founding Attorney of Kamaluddin Law Firm, she brings extensive legal expertise and a proven track record in high-value financial settlements and regulatory compliance. With her guidance, $USA is implementing one of the most significant supply adjustments in recent blockchain history—while maintaining full regulatory integrity.

By addressing market cap adjustments, this burn will correct the displayed market cap, which currently appears inflated. As an example:

Before the burn:
- 20 million tokens circulating
- $1 million true market cap
- Price per token: $0.05
After the burn:
- 10 million tokens circulating
- Still a $1 million market cap
- Price per token: $0.10
This move is about numbers as well as it’s about ensuring that $USA remains one of the most transparent, strategically positioned tokens in the space. The involvement of Nahla Kamaluddin, Esq., in this initiative underscores $USA’s commitment to legal integrity and best practices in crypto. Furthermore, as the $USA ecosystem evolves, this burn solidifies its foundation for long-term growth, investor confidence, and mainstream adoption.

Media Contact:
Websites URL : https://getusamemes.org
Person Name: Jon Menjivar
Physical address: 150 Motor Pkwy
Hauppauge, NY 11788
Support@getusamemes.org

Disclaimer: This press release is provided by Get USA Memes. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

The MIL Network –
February 7, 2025
MIL-OSI: Mixed Martial Arts (MMA) Market is Substantially Growing, Morphing into a Billion Dollar Opportunity
Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The mixed martial arts (MMA) equipment market has been substantially growing over the past several years and is projected to continue in the coming years. The increasing public participation, easy availability of advanced training facilities, and the integration of advanced technologies represent some of the key factors driving the market. A report from IMARC Group projected that the global mixed martial arts equipment market size reached USD 1.39 Billion in 2024 and is looking forward to reach USD 2.13 Billion by 2033, exhibiting a growth rate (CAGR) of 4.64% during 2025-2033. The report said: “Mixed martial arts (MMA) refer to a hybrid combat sport that employs various fighting skills and techniques. It is performed using various equipment to facilitate the training or fight, such as a mouth and groin guard, punching bag, gloves, shorts, shin guards, hand wraps, ankle, elbow, and knee pads, and headgear. Amongst these, hand wraps help protect hands during training and fighting competitively, while the headgear is used for sparring to shield the skull from harsh strikes. At present, leading players operating worldwide are launching MMA equipment in various materials, types, and designs. These players are offering customizations to meet the requirements of the consumers and expanding their product portfolio.” Active Companies in the markets today include Mixed Martial Arts Group Limited (NYSE: MMA), Sphere Entertainment Co. (NYSE: SPHR), Meta Platforms, Inc. (NASDAQ: META), Live Nation Entertainment, Inc. (NYSE: LYV), Peloton Interactive, Inc. (NASDAQ: PTON).

IMARC Group continued: “Presently, the increasing participation of individuals in recreational sports and fitness and athletic activities represents one of the major factors driving the demand for MMA equipment around the world. Moreover, the rising awareness about the health benefits associated with MMA, such as improving heart health, reducing stress, and enhancing the overall strength, and the surging prevalence of chronic diseases on account of sedentary lifestyles, are favoring the market growth. In addition, the growing number of professional training camps and the easy availability of advanced training facilities for fighters are influencing the market positively. Apart from this, the increasing number of fitness centers that offer MMA training is also contributing to the market growth. Furthermore, key players are financing advertising campaigns, such as celebrity and social media influencer endorsements, for improving their profitability. Besides this, the expansion of the e-commerce sector is resulting in the increasing sales of MMA equipment on account of easy equipment availability, flexible payment options, secure transactions, and convenient return policies.”

Mixed Martial Arts Group Limited (NYSE American:MMA) – MMA.inc on Track to Achieve US$0.75 Million in Warrior Training Program Gross Sales for the March 25 Quarter, Driven by Record-Breaking 200% YoY Growth – Key Highlights:
- Explosive Growth: Sales have surged 200% year-over-year and are on track to achieve $0.75 Million in Warrior Training Program Gross Sales which is above total gross sales for FY24.
- Record-Breaking Quarter: With over 750 confirmed sales in Q1 alone, MMA.inc is on the cusp of exceeding its quarterly target of 800 participants, with 7 weeks remaining in the quarter to achieve the target.
- Revenue Per Participant: Consistent with prior fiscal year averages, each participant has historically generated an average of US$1,004 in gross revenue, reinforcing the program’s strong unit economics.
- Strategic Expansion: In 2025 the Warrior Training Program is live across 30 gyms spanning the US, Europe, Australia and New Zealand, with new gym partnerships fueling expansion.
- Additional Revenue Streams: SaaS subscriptions and monthly transaction revenue from the recently acquired Hype and BJJLink platforms are not included in the above Warrior Training Program sales numbers, delivering further upside to MMA.inc revenue over the year.
- Growing Ecosystem: MMA.inc continues to scale its platform with 5 million social media followers, 530,000 user profiles, 50,000 active students, and 802 active gym partners across 16 countries.
Mixed Martial Arts Group Limited (“MMA.inc” or the “Company”), a leading technology company at the forefront of combat sports participation, today announced 200% year-over-year growth in Warrior Training Program sales, with over 750 participants confirmed in Q1 alone. This sales surge underscores MMA.inc’s ability to convert global MMA fandom into active participation while delivering substantial revenue growth for partner gyms.

This milestone marks the most successful quarter in the program’s history, reflecting both the rising global demand for MMA training experiences and the strength of MMA.inc’s platform driven approach. By providing participants with a 20 week training subscription, designed by the world’s best MMA coaches, and culminating in a fully sanctioned amateur MMA bout, MMA.inc continues to redefine the combat sports landscape for participants, gym owners and coaches.

“Our ability to achieve 200% growth year over year speaks volumes about the strength of our platform and the demand for authentic MMA training experiences,” said Nick Langton, Founder and CEO of MMA.inc. “With over 750 confirmed participants in Q1 alone, we’re not just selling training programs, we’re building an ecosystem that empowers over 640 million MMA fans to step into a gym to learn and train martial arts.”

“The success of the UFC and other professional combat sports leagues has driven fanbase growth, which has in turn led to unprecedented interest in learning martial arts. At MMA.Inc we are building a platform to make the participation “on ramp” easily accessible for all MMA fans and fitness consumers who want to find a great gym where they can start their training journey.” Continued… Read the MMA full press release and supporting notes by going to:   https://ir.mma.inc/news-events/press-releases

Other recent developments in the markets include:

Meta Platforms, Inc. (NASDAQ: META) has recently appointed three new members to its board of directors, including Dana White, the president and CEO of Ultimate Fighting Championship (UFC) and a familiar figure in the orbit of the incoming president, Donald Trump.

The social media company, which owns Facebook, Instagram and WhatsApp, is also adding the auto tycoon John Elkann and the tech investor Charlie Songhurst, Meta’s CEO, Mark Zuckerberg, said in a Facebook post.

Live Nation Entertainment, Inc. (NYSE: LYV) – Hard Rock® recently announced that it was named #1 and #5 in the Newsweek Top 10 Readers’ Choice Best Casinos with Live Entertainment in the U.S. Newsweek describes this award as “…some of the best live entertainment options at casinos from around the country for when you need a break from the gambling floor.”

“We are humbled that the public voted for Hard Rock Live Sacramento to take the #1 spot in this year’s Top 10,” explained Randy Maddocks, Director of Entertainment for Hard Rock Live Sacramento. “We dedicate our programming to reaching the largest audience with diverse shows that represent all genres.”

Sphere Entertainment Co. (NYSE: SPHR) recently announced that Glenn Derry, an Academy Award winning technologist with over 30 years of industry-defining entertainment technology experience, has joined the Company as Executive Vice President of MSG Ventures.

In this role, Mr. Derry will oversee a wide range of technology initiatives across MSG Ventures, a wholly-owned subsidiary of Sphere Entertainment focused on developing advanced technologies for live entertainment. MSG Ventures also supports Sphere Studios, the immersive content studio dedicated to creating multi-sensory entertainment experiences exclusively for Sphere, and the Sphere platform overall, including future Sphere venues. Mr. Derry will work across the organization to deploy both new and existing technologies that enhance Sphere’s live entertainment and experiential content, which has been redefining immersive experiences since the first Sphere opened in Las Vegas in September 2023.

Peloton Interactive, Inc. (NASDAQ: PTON) recently announced that it will release its second quarter 2025 financial results before the U.S. stock market opens on Thursday, February 6, 2025. The company will host a conference call and live audio webcast to discuss the financial results at 8:30 a.m. (Eastern Time) that day.   To access the conference call by phone, please visit this phone registration link to receive dial-in details. To avoid delays, we encourage participants to register a day in advance or at least 15 minutes before the start of the call.

A live audio webcast of the conference call will also be available on the company’s investor relations website at https://investor.onepeloton.com/news-and-events/events.   For those unable to participate in the conference call live, a replay will be available on the investor relations page of the company’s website for 30 days.

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SOURCE: FN Media Group

The MIL Network –
February 7, 2025
MIL-OSI: IDT global Inks Preferred Partner Agreement with Haiti’s Natcom for International Long-Distance Traffic Management

Source: GlobeNewswire (MIL-OSI)

Newark, NJ, Feb. 06, 2025 (GLOBE NEWSWIRE) — IDT global, IDT Corporation’s (NYSE: IDT) wholesale carrier services business, today announced that it has entered into a Preferred Partner Agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti. IDT global will also help to protect Natcom against revenue leakage while strengthening Natcom’s position as a trusted and reliable telecommunications provider for international voice traffic.

The agreement also enables Natcom and IDT global to collaboratively develop and launch new, high-value, international voice offerings for customers of Natcom and for IDT’s popular BOSS Revolution Calling service in the US.

“Our partnership with Natcom reinforces IDT global’s position as a leader in managed voice services,” said Alexis Segal, Sr. Vice President at IDT global. “We look forward to supporting Natcom with secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers throughout Haiti. Boss Revolution customers can also look forward to elevated offerings that will make staying connected with loved ones and business associates in Haiti more accessible than ever.”

Mr. Nguyen Huy Dzung, CEO of Natcom added: “IDT global’s reliability, expertise, and focus on quality made them the natural choice for this strategic partnership. Together, we aim to provide the best possible experience for our customers while strengthening the integrity of telecommunications in Haiti.”

About Natcom

Natcom is Haiti’s leading telecommunications provider, offering a full range of mobile, broadband, and fixed-line services to individuals and businesses across the country. With a focus on innovation and connectivity, Natcom is dedicated to enhancing the communication experience for the people of Haiti.

About IDT global

IDT global leverages its global IP network and platform to deliver high-quality, secure, and scalable voice and A2P SMS solutions. We enable carriers, mobile operators, and enterprises to build agile, efficient, and resilient communication experiences worldwide.

About IDT Corporation

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net

# # #

The MIL Network –

February 7, 2025
MIL-OSI: Byrna Expands Retail Footprint with Nashville Store Opening

Source: GlobeNewswire (MIL-OSI)

ANDOVER, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced the opening of its second company-owned retail store, located in Franklin, Tennessee, part of the Greater Nashville Area. This new location advances Byrna’s vision of normalizing less-lethal solutions as a mainstream personal safety choice, establishing a broader physical presence, and amplifying brand recognition in key markets.

The Nashville store builds on the success of Byrna’s Las Vegas location, which validated the potential of company-owned retail with an annual run rate exceeding $1 million and gross profit margins over 60%. The Nashville store features an in-store shooting range where customers can experience Byrna’s less-lethal launchers firsthand. In the Las Vegas store, conversion rates are approximately 80%, compared to approximately 1% online. Byrna expects the hands-on and interactive experience of its new stores to deliver similarly high conversion rates, foster deeper customer trust, and reinforce the company’s reputation as a leader in the less-lethal market.

“The Nashville store represents an important step in Byrna’s strategic retail expansion,” said Byrna CEO Bryan Ganz. “Our retail store rollout is designed to strengthen customer connections, provide unique hands-on experiences, and expand overall brand awareness. Positioned in a vibrant retail hub, the Nashville store is well-suited to drive strong demand and further the adoption of Byrna’s less-lethal solutions. While we recognize new stores take time to reach their optimal performance, we are confident in the potential of our brick-and-mortar strategy and look forward to tracking the impact of our future locations.”

Byrna’s retail strategy reflects a deliberate, phased approach to scaling its store model. The Nashville store is one of four new locations planned in the first part of 2025, with additional stores in Fort Wayne, Indiana, Scottsdale, Arizona, and Salem, New Hampshire set to open in coming weeks. These initial locations will provide valuable insights to refine store operations, finalize employee training programs, and optimize marketing strategies ahead of a potential broader rollout.

Luan Pham, Byrna Chief Revenue Marketing Officer, added: “Our retail expansion is a transformational step in making less-lethal solutions accessible and mainstream. These new stores enable us to build stronger, more personal connections with our customers through workshops and in-store events, ensuring they are confident in using our products when it matters most.”

The grand opening of the Nashville store featured local officials, law enforcement representatives, and media. Byrna will continue prioritizing community engagement and education as it expands its physical footprint across the United States.

Byrna Nashville
330 Mayfield Dr.
D-3
Franklin, TN 37067

About Byrna Technologies Inc.
Byrna is a technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company’s investor relations site here. The Company is the manufacturer of the Byrna® SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company’s e-commerce store.

Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include, but are not limited to, our statements related to preliminary revenue results for the fourth fiscal quarter and fiscal year 2024, the timing of the release of full financial results for the quarter, trends regarding brand recognition and future sales potential, sales during the holiday season and during 2025, and the Company’s plans to open Company-owned retail stores. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.

Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, disappointing market responses to current or future products or services; prolonged, new, or exacerbated disruption of the Company’s supply chain; the further or prolonged disruption of new product development; production or distribution or delays in entry or penetration of sales channels due to inventory constraints, competitive factors, increased shipping costs or freight interruptions; prototype, parts and material shortages, particularly of parts sourced from limited or sole source providers; determinations by third party controlled distribution channels not to carry or reduce inventory of the Company’s products; determinations by advertisers to prohibit marketing of some or all Byrna products; the loss of marketing partners; potential cancellations of existing or future orders including as a result of any fulfillment delays, introduction of competing products, negative publicity, or other factors; product design defects or recalls; litigation, enforcement proceedings or other regulatory or legal developments; changes in consumer or political sentiment affecting product demand; regulatory factors including the impact of commerce and trade laws and regulations; import-export related matters or sanctions or embargos that could affect the Company’s supply chain or markets; delays in planned operations related to licensing, registration or permit requirements; and future restrictions on the Company’s cash resources, increased costs and other events that could potentially reduce demand for the Company’s products or result in order cancellations. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, (“Risk Factors”) in the Company’s most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in the Company’s SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.

Investor Contact:
Tom Colton and Alec Wilson
Gateway Group, Inc.
949-574-3860
BYRN@gateway-grp.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5feb5941-b01f-4175-941b-5c3ad99702ee

The MIL Network –

February 7, 2025

MIL-OSI: Live Ventures Reports Fiscal First Quarter 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, Feb. 06, 2025 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal first quarter 2025 ended December 31, 2024.

Fiscal First Quarter 2025 Key Highlights:

Revenue was $111.5 million, compared to $117.6 million in the prior year period
Net income was $0.5 million and diluted earnings per share (“EPS”) was $0.16, compared to the prior year period net loss of $0.7 million and loss per share of $0.22. Net income for the first quarter 2025 includes a $2.8 million gain on the settlement of the earnout liability related to the Precision Metal Works, Inc. (“PMW”) acquisition and a $0.7 million gain on the settlement of PMW seller notes
Adjusted EBITDA¹ was $5.7 million, compared to $8.7 million in the prior year period
Total assets of $395.5 million and stockholders’ equity of $73.3 million as of December 31, 2024
Approximately $31.1 million of cash and availability under the Company’s credit facilities as of December 31, 2024

“Both our Retail-Entertainment and Steel Manufacturing segments delivered improved operating performance in the first quarter, with increases in operating income and operating margins as compared to the prior year period. However, high interest rates and a slowdown in the housing market continued to impact our Retail-Flooring and Flooring Manufacturing segments, as reduced consumer demand weighed on performance,” commented David Verret, Chief Financial Officer of Live Ventures.

“We are pleased with the operating improvements achieved in our Retail-Entertainment and Steel Manufacturing segments during the first quarter. That said, industry-specific headwinds are impacting our Retail-Flooring and Flooring Manufacturing segments. To address this, we are implementing additional measures to enhance the efficiency of our flooring businesses,” stated Jon Isaac, President and Chief Executive Officer of Live Ventures. “Despite these challenges, we remain confident in the long-term strength of our businesses.”

First Quarter FY 2025 Financial Summary (in thousands except per share amounts)
	For the three months ended December 31,
		2024		2023		% Change
Revenue	$	111,508	$	117,593		-5.2	%
Operating income	$	762	$	3,541		-78.5	%
Net income (loss)	$	492	$	(682	)	172.1	%
Diluted earnings (loss) per share	$	0.16	$	(0.22	)	172.7	%
Adjusted EBITDA¹	$	5,744	$	8,696		-33.9	%

Revenue decreased approximately $6.1 million, or 5.2%, to approximately $111.5 million for the quarter ended December 31, 2024, compared to revenue of approximately $117.6 million in the prior year period. The decrease is attributable to the Flooring Manufacturing, Retail-Flooring, and Steel Manufacturing segments, which decreased by approximately $6.7 million in the aggregate.

Operating income was approximately $0.8 million for the quarter ended December 31, 2024, compared with operating income of approximately $3.5 million in the prior year period. The decrease in operating income is primarily attributable to the decrease in revenue and increased general and administrative expenses in the Retail-Flooring segment. The decrease in operating income was partially offset by increased operating income in the Retail-Entertainment and Steel Manufacturing segments.

For the quarter ended December 31, 2024, net income was approximately $0.5 million, and diluted EPS was $0.16, compared with net loss of approximately $0.7 million and loss per share of $0.22 in the prior year period. The increase in net income is primarily attributable to a $2.8 million gain on the settlement of the earnout liability related to the PMW acquisition and a $0.7 million gain on the settlement of PMW seller notes.

Adjusted EBITDA¹ for the quarter ended December 31, 2024 was approximately $5.7 million, a decrease of approximately $3.0 million, or 33.9%, compared to the prior year period. The decrease in adjusted EBITDA is primarily due to an overall decrease in operating income.

As of December 31, 2024, the Company had total cash availability of $31.1 million, consisting of cash on hand of $7.4 million and availability under its various lines of credit of $23.7 million.

First Quarter FY 2025 Segment Results (in thousands)

	For the three months ended December 31,
		2024			2023		% Change
Revenue
Retail – Entertainment	$	21,273		$	20,586		3.3	%
Retail – Flooring		31,747			34,319		-7.5	%
Flooring Manufacturing		25,996			29,245		-11.1	%
Steel Manufacturing		32,435			33,354		-2.8	%
Corporate & Other		57			89		-36.0	%
Total Revenue	$	111,508		$	117,593		-5.2	%

	For the three months ended December 31,
		2024			2023		% Change
Operating Income (loss)
Retail – Entertainment	$	3,408		$	3,143		8.4	%
Retail – Flooring		(2,174	)		90		N/A
Flooring Manufacturing		(81	)		945		-108.6	%
Steel Manufacturing		1,166			982		18.7	%
Corporate & Other		(1,557	)		(1,619	)	3.8	%
Total Operating Income	$	762		$	3,541		-78.5	%

	For the three months ended December 31,
		2024			2023		% Change
Adjusted EBITDA¹
Retail – Entertainment	$	3,810		$	3,667		3.9	%
Retail – Flooring		(971	)	$	1,303		-174.5	%
Flooring Manufacturing		750			1,877		-60.0	%
Steel Manufacturing		2,801			2,802		0.0	%
Corporate & Other		(646	)		(953	)	32.2	%
Total Adjusted EBITDA¹	$	5,744		$	8,696		-33.9	%

Adjusted EBITDA¹ as a percentage of revenue
Retail – Entertainment		17.9	%		17.8	%
Retail – Flooring		-3.1	%		3.8	%
Flooring Manufacturing		2.9	%		6.4	%
Steel Manufacturing		8.6	%		8.4	%
Corporate & Other	N/A			N/A
Total Adjusted EBITDA¹		5.2	%		7.4	%
as a percentage of revenue

Retail – Entertainment

Retail-Entertainment segment revenue for the quarter ended December 31, 2024 was approximately $21.3 million, an increase of approximately $0.7 million, or 3.3%, compared to prior year period revenue of approximately $20.6 million. Revenue increased primarily due to increased consumer demand for used products. The increase in used products contributed to the increase in gross margin to 56.6% for the quarter ended December 31, 2024, compared to 56.0% for the prior year period. Operating income for the quarter ended December 31, 2024 was approximately $3.4 million, compared to operating income of approximately $3.1 million for the prior year period.

Retail – Flooring

The Retail-Flooring segment revenue for the quarter ended December 31, 2024, was approximately $31.7 million, a decrease of approximately $2.6 million, or 7.5%, compared to the prior year period revenue of approximately $34.3 million. The decrease was primarily due to reduced demand. Gross margin for the quarter ended December 31, 2024 was 37.2%, compared to 38.0% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the quarter ended December 31, 2024 was approximately $2.2 million, compared to operating income of approximately $0.1 million for the prior year period. The increase in operating loss was primarily due to additional wages and other general and administrative costs during the quarter ended December 31, 2024.

Flooring Manufacturing

Revenue for the quarter ended December 31, 2024 was approximately $26.0 million, a decrease of approximately $3.2 million, or 11.1%, compared to prior year period revenue of approximately $29.2 million. The decrease in revenue was primarily due to reduced consumer demand. Gross margin was 21.2% for the quarter ended December 31, 2024, compared to 22.0% for the prior year period. The decrease in gross margin was primarily due to changes in product mix. Operating loss for the quarter ended December 31, 2024 was approximately $0.1 million, compared to operating income of approximately $0.9 million for the prior year period.

Steel Manufacturing

Revenue for the quarter ended December 31, 2024 was approximately $32.4 million, a decrease of approximately $0.9 million or 2.8%, compared to prior year period revenue of approximately $33.4 million. The decrease was primarily due to reduced customer demand, partially offset by incremental revenue of $3.1 million at Central Steel Fabricators, LLC (“Central Steel”), which was acquired in May 2024. Gross margin was 18.3% for the quarter ended December 31, 2024, compared to 15.8% for the prior year period. The increase in gross margin was primarily due to strategic price increases, as well as the acquisition of Central Steel. Operating income for the quarter ended December 31, 2024 was approximately $1.2 million, compared to operating income of approximately $1.0 million in the prior year period.

Corporate and Other

Revenue for the quarter ended December 31, 2024 was approximately $57,000, a decrease of approximately $32,000, or 36.0%, compared to prior year period revenue of approximately $89,000. Operating loss for the quarters ended December 31, 2024 and 2023 were approximately $1.6 million.

Non-GAAP Financial Information

Adjusted EBITDA

We evaluate the performance of our operations based on financial measures, such as “Adjusted EBITDA,” which is a non-GAAP financial measure. We define Adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation, amortization, stock-based compensation, and other non-cash or nonrecurring charges. We believe that Adjusted EBITDA is an important indicator of the operational strength and performance of the business, including the business’s ability to fund acquisitions and other capital expenditures and to service its debt. Additionally, this measure is used by management to evaluate operating results and perform analytical comparisons and identify strategies to improve performance. Adjusted EBITDA is also a measure that is customarily used by financial analysts to evaluate a company’s financial performance, subject to certain adjustments. Adjusted EBITDA does not represent cash flows from operations, as defined by generally accepted accounting principles (“GAAP”), should not be construed as an alternative to net income or loss, and is indicative neither of our results of operations, nor of cash flow available to fund our cash needs. It is, however, a measurement that the Company believes is useful to investors in analyzing its operating performance. Accordingly, Adjusted EBITDA should be considered in addition to, but not as a substitute for, net income, cash flow provided by operating activities, and other measures of financial performance prepared in accordance with GAAP. As companies often define non-GAAP financial measures differently, Adjusted EBITDA, as calculated by Live Ventures Incorporated, should not be compared to any similarly titled measures reported by other companies.

Forward-Looking and Cautionary Statements

The use of the word “Company” refers to Live Ventures and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. Words such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements are intended to identify forward-looking statements. Live Ventures may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2024. Additionally, new risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. Live Ventures undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

About Live Ventures Incorporated

Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector-agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company looks for opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, Chief Executive Officer and strategic investor, joined the Company’s Board of Directors and later refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.

Contact:
Live Ventures Incorporated
Greg Powell, Director of Investor Relations
725.500.5597
gpowell@liveventures.com
www.liveventures.com

Source: Live Ventures Incorporated

CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(dollars in thousands, except per share amounts)

	December 31, 2024			September 30, 2024
	(Unaudited)
Assets
Cash	$	7,407		$	4,601
Trade receivables, net of allowance for doubtful accounts of $1.4 million at December 31, 2024 and $1.5 million at September 30, 2024		38,040			46,861
Inventories, net		123,389			126,350
Prepaid expenses and other current assets		3,594			4,123
Total current assets		172,430			181,935
Property and equipment, net		81,527			82,869
Right of use asset – operating leases		55,113			55,701
Deposits and other assets		1,455			787
Intangible assets, net		23,847			25,103
Goodwill		61,152			61,152
Total assets	$	395,524		$	407,547
Liabilities and Stockholders’ Equity
Liabilities:
Accounts payable	$	28,478		$	31,002
Accrued liabilities		30,548			31,740
Income taxes payable		1,483			948
Current portion of lease obligations – operating leases		13,219			12,885
Current portion of lease obligations – finance leases		467			368
Current portion of long-term debt		39,595			43,816
Current portion of notes payable related parties		7,670			6,400
Seller notes – related parties		—			2,500
Total current liabilities		121,460			129,659
Long-term debt, net of current portion		54,339			54,994
Lease obligation long term – operating leases		46,566			50,111
Lease obligation long term – finance leases		42,200			41,677
Notes payable related parties, net of current portion		6,871			4,934
Seller notes – related parties		41,119			40,361
Deferred tax liability, net		5,812			6,267
Other non-current obligations		3,882			6,655
Total liabilities		322,249			334,658
Commitments and contingencies
Stockholders’ equity:
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at December 31, 2024 and September 30, 2024, with a liquidation preference of $0.30 per share outstanding		—			—
Common stock, $0.001 par value, 10,000,000 shares authorized, 3,115,674 and 3,131,360 shares issued and outstanding at December 31, 2024 and September 30, 2024, respectively		2			2
Paid in capital		69,743			69,692
Treasury stock common 710,373 and 694,687 shares as of December 31, 2024 and September 30, 2024, respectively		(9,229	)		(9,072	)
Treasury stock Series E preferred 80,000 shares as of December 31, 2024 and September 30, 2024		(7	)		(7	)
Retained earnings		12,766			12,274
Total stockholders’ equity		73,275			72,889
Total liabilities and stockholders’ equity	$	395,524		$	407,547

LIVE VENTURES, INCORPORATED
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share)

	For the Three Months Ended December 31,
		2024			2023
Revenue	$	111,508		$	117,593
Cost of revenue		76,146			81,266
Gross profit		35,362			36,327

Operating expenses:
General and administrative expenses		30,071			27,679
Sales and marketing expenses		4,529			5,107
Total operating expenses		34,600			32,786
Operating income		762			3,541
Other expense:
Interest expense, net		(4,162	)		(4,163	)
Gain on settlement of seller notes		713			—
Gain on settlement of earnout liability		2,840			—
Other income (expense)		420			(284	)
Total other expense, net		(189	)		(4,447	)
Income (loss) before provision for income taxes		573			(906	)
Provision (benefit) for income taxes		81			(224	)
Net Income (loss)	$	492		$	(682	)

Income (loss) per share:
Basic and diluted	$	0.16		$	(0.22	)

Weighted average common shares outstanding:
Basic		3,124,581			3,163,541
Diluted		3,124,820			3,163,541

LIVE VENTURES INCORPORATED
NON-GAAP MEASURES RECONCILIATION

Adjusted EBITDA

The following table provides a reconciliation of Net (loss) income to total Adjusted EBITDA¹ for the periods indicated (dollars in thousands):

	For the Three Months Ended
	December 31, 2024			December 31, 2023
Net income (loss)	$	492		$	(682	)
Depreciation and amortization		4,415			4,295
Stock-based compensation		50			50
Interest expense, net		4,162			4,163
Income tax expense (benefit)		81			(224	)
Debt refinancing costs		—			183
Gain on extinguishment of debt		(713	)		—
Gain on write-off of earnout		(2,840	)		—
Acquisition costs		97			406
Adjusted EBITDA	$	5,744		$	8,696

The MIL Network –

February 7, 2025

MIL-OSI: Zscaler to Host Second Quarter Fiscal Year 2025 Earnings Conference Call

Source: GlobeNewswire (MIL-OSI)

SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, will release second quarter fiscal year 2025 earnings after the market closes on Wednesday, March 5, 2025. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.

Date:	Wednesday, March 5, 2025
Time:	1:30 p.m. PT
Webcast:	https://ir.zscaler.com
Dial-in:	To join by phone, register at the following link:Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call.

Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the conference call will be accessible from the Zscaler website at ir.zscaler.com. Listeners may log on to the call under the “Events & Presentations” section and select “Q2 2025 Zscaler Earnings Conference Call” to participate.

About Zscaler

Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SSE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.

Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

Media Relations Contact:
Natalia Wodecki
press@zscaler.com

Investor Relations Contact:
Ashwin Kesireddy
ir@zscaler.com

The MIL Network –

February 7, 2025

MIL-OSI: Monarch Private Capital Announces Successful $275 Million Bond Issuance Led by HSBC

Source: GlobeNewswire (MIL-OSI)

ATLANTA, Feb. 06, 2025 (GLOBE NEWSWIRE) — Monarch Private Capital, a nationally recognized tax-advantaged investment firm, proudly announces a $275 million bond issuance to finance affordable housing projects, reinforcing its commitment to narrowing the affordable housing gap in the United States.

HSBC served as the Sole Placement Agent for the Monarch Issuer 2024-2, LLC private asset-backed securities (ABS) transaction. On December 11, 2024, HSBC priced the $275 million issuance, with $220 million funded on December 18, 2024. The remaining $55 million will be funded through a Delay Draw mechanism over the next 12 months, supporting additional projects currently under construction.

The bond proceeds will finance 58 low-income housing projects across Georgia, South Carolina, and Oklahoma, generating quality affordable housing units while stimulating local economies. Monarch will repay principal and interest on the Notes through its syndication of Low Income Housing Tax Credits (LIHTCs) to institutional investors, including insurance companies, corporate clients, and high-net-worth individuals.

A Collaborative Effort for Positive Impact

HSBC’s collaboration extended beyond placement services, contributing structuring, ratings advisory, and trustee services to ensure seamless execution.

“This bond issuance reflects our unwavering commitment to addressing the nation’s urgent housing needs,” said Ian Chomat, Partner and Chief Financial Officer at Monarch Private Capital. “By leveraging our extensive experience in affordable housing, we aim to deliver more high-quality homes and create opportunities that strengthen communities and local economies.”

Monarch’s Continued Leadership in Impact Investing

Since its inception, Monarch has paired tax equity investing with a focus on community impact, while mitigating federal and state tax liabilities for investors. Monarch has managed tax equity impact investments in 945 projects generating $7.2 billion of tax credits, including more than $2.2 billion in LIHTCs, as of December 2024. Those projects have enabled nearly $18 billion in project capital, and over $37 billion in economic impact in 42 states, plus Washington D.C.

For more information about Monarch’s programs and services, please contact Ian Chomat at ichomat@monarchprivate.com.

About Monarch Private Capital

Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

About HSBC

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world’s largest banking and financial services organizations.

CONTACT

Jane Rafeedie

Monarch Private Capital

Jrafeedie@monarchprivate.com

470-283-8431

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3952c63a-5dd4-4db2-bbf2-221fd808bad1

The MIL Network –

February 7, 2025
MIL-OSI: AT&T and TransUnion Launch In-Network Branded Call Display with Reason for Call
Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — AT&T and TransUnion (NYSE: TRU) are now offering outgoing calls for businesses that display a reason for the call in addition to showing their brand name and logo. This capability is made possible through TransUnion’s Branded Call Display, and it gives AT&T wireless subscribers more confidence in who’s calling and why. Reason for the call will appear for most Android users on incoming calls from participating businesses and organizations, and in the call details page after a call is missed. ¹

No app is needed to receive these branded calls. They are verified with end-to-end industry standard STIR/SHAKEN call authentication to help ensure that the call is legitimate and not spoofed. Displaying the reason for the call is the latest evolution from TransUnion and AT&T. It builds on momentum from January 2024 when the companies announced the ability to add a business’s name and brand logo to the mobile display.

“We’re excited to announce the ability for businesses to add the reason for their call to the mobile display,” said Erin Scarborough, AT&T senior vice president, Mass Markets Product Management. “Research shows consumers still prefer calling for communicating with businesses – especially for urgent, personal, or high-value issues. Now they can safely answer verified branded calls, knowing who’s calling and why.”

Reasons for the call can include a wide range of options, including: “Appointment Reminder,” “Customer Inquiry,” “Customer Service,” “Refill Reminder,” “Delivery Service,” “Patient Callback,” “Upcoming Visit,” and more. No action is required from AT&T wireless customers to see reasons for calls.

“Businesses have a tremendous opportunity to improve customer experiences and business outcomes with this iteration of branded calling,” said James Garvert, senior vice president of TruContact Communications Solutions at TransUnion. “Adopting these capabilities shows a good faith effort by the business to protect consumers from fraud and address their most pressing concerns.”

Consumers have made it clear they want more protection against unwanted calls and fraud. According to a recent TransUnion survey, 73% of consumers said they’d be likely to answer calls if name and logo were shown.

In addition, consumers indicated they highly value phone calls for their most important issues. The situations consumers most prefer to handle with businesses by phone are:
- Personal, e.g., health issues (64%)
- High-value decisions, e.g., home or auto purchases (55%)
- Urgent circumstances, e.g., natural disasters (55%)
- Complex decisions, e.g., estate planning (40%)
Learn more about TransUnion Branded Call Display here.

¹Branded logo and reason for the call appear when the phone rings, and in the call details page after a call is missed, on most Android devices. On other operating systems, branded logo appears on the mobile display.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good^® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/066f2591-116d-4919-8f36-2c545538aa65

Contact

E-mail

Telephone
Dave Blumberg
TransUnion

david.blumberg@transunion.com

312-972-6646

The MIL Network –
February 7, 2025
MIL-OSI United Kingdom: ‘It Starts in Wolverhampton’ event showcases city’s innovation and green credentials

Source: City of Wolverhampton

Aligned with the West Midlands Growth Company’s ‘It Starts Here’ campaign, the ‘It Starts in Wolverhampton: Innovating for Sustainable Growth’ event demonstrated why there has never been a better time to invest, grow and succeed in the city.

More than 200 delegates attended the showcase supported by headline sponsors University of Wolverhampton and WLV Business Link, and reception sponsor Turner & Townsend.

They heard how City of Wolverhampton Council in partnership with University of Wolverhampton is developing the Green Innovation Corridor (GIC) in the city, to create a world class eco, green innovation district delivering in excess of 20,000sqm of new R&D, laboratory and commercial floorspace and 1,200 new jobs.

The early phases of the GIC programme focusing on bringing forward demand led business space on 4 underutilised land parcels of land at Wolverhampton Science Park will be supported by £7million of Investment Zone funding and £20million of funding secured by the council from the Government.

As well as this capital funding, GIC and the wider city will benefit from the IZ Regional Business Support, Skills and R&D programmes and Delivery Capacity Funding programmes, being developed with local and regional partners.

This builds on pioneering facilities and businesses already in place in the city such as the National Brownfield Institute, School of Architecture and Built Environment, Elite Centre for Manufacturing Skills, University of Wolverhampton Science Park, including the SPARK Incubator, Composite & Additive Layer Materials Engineering Research & Innovation Centre, Centre for Green Electricals Materials Manufacturing and global companies like JLR, Collins, Moog, and leaders in 3D printing, EOS UK.

Industry leaders and visionaries shaping the future of clean and green industries also highlighted why Wolverhampton is the place to be for innovation and sustainable growth.

This included Craig Osman, Operations Director for EPMC i54, JLR, who focused on vehicle electrification, investment and cutting edge innovation at the Electric Propulsion Manufacturing Centre at i54, jobs, supply chain, the wider overview of the footprint in the West Midlands and the JLR Reimagine strategy.

Olivia Simpson, Chief Operations Officer, FlexSea, also explained why her business relocated from London to Wolverhampton and is redefining bioplastics with a revolutionary product made from seaweed – certified plastic free and home compostable.

Davide lacovelli, Regional Director EMEA, EOS UK highlighted his company’s work in partnership with the University of Wolverhampton at the new UK Centre of Excellence for Additive Manufacturing based in the Elite Centre for Manufacturing Skills at the university’s Springfield Campus. It specialises in the development of advanced materials and processes for demanding applications within industries such as space, automotive, aerospace, electronics, and quantum computing.

Councillor Chris Burden, City of Wolverhampton Council Cabinet Member for City Development, Jobs and Skills, said: “The event showed the level of innovation, the groundbreaking designs, partnerships and research and development happening right here in our city.

“It is truly remarkable and testament to the skilled people that have been attracted here and been nurtured by our businesses and organisations.

“Building on some of our local strengths, and particularly those of the university and businesses, we will make the Green Innovation Corridor a success.

“Our ambition for the Green Innovation Corridor is for it to be a world leading research led cluster in green technologies with a focus on green construction, green computing and green engineering. The GIC will support businesses and the wider economy in its transition to net zero and aim to create more productive, sustainable, highly skilled and innovative industry.

“It is also about taking the economy of Wolverhampton forward, building on the expertise, research and development and skills that Wolverhampton has to offer and deliver jobs growth, a higher wage economy, a more inclusive economy, a more sustainable economy and place, the development of brownfield sites – some that have been vacant for years- and a vibrant corridor that is well connected and renowned for its research led clusters in engineering, computing and construction.”

MIL OSI United Kingdom –

February 7, 2025
MIL-OSI Russia: Financial news: The Bank of Russia has excluded information about the Microcredit Company “Entertaining Finances” from the state register (06.02.2025)

Translartion. Region: Russians Fedetion –

Source: Central Bank of Russia –

The Bank of Russia has excluded information about the Limited Liability Company Microcredit Company “Entertaining Finances” (hereinafter referred to as LLC MCC “Entertaining Finances”, MCC, microcredit company) from the state register of microfinance organizations (register entry number No. 2203045009908).

The Bank of Russia adopted this solution in accordance with paragraph 1 of part 1.1 of article 7 and paragraph 8 of part 4 of article 14 of Federal Law No. 151-FZ1, based on the fact that the microcredit company violated federal laws, including in the field of consumer lending, as well as regulatory acts of the Bank of Russia, in connection with which the regulator has repeatedly applied supervisory measures to the MCC over the past 12 months.

During 2024, LLC MCC “Entertaining Finances” submitted false reporting data to the Bank of Russia, in particular, it understated the calculated value of the maximum debt burden (MDB) for borrowers. In addition, the MCC provided consumer loans to borrowers at rates exceeding the maximum permissible amount, charged increased penalties (fines, penalties) on overdue loans, and also imposed additional services when issuing loans.

The understatement of the DTI allowed the microcredit company to issue loans to over-indebted citizens. The share of such loans issued was one of the highest in OOO MCC “Entertaining Finances” among the participants of the microfinance market.

1 Federal Law of 02.07.2010 No. 151-FZ “On microfinance activities and microfinance organizations”.

When using the material, a link to the Press Service of the Bank of Russia is required.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

HTTPS: //VVV.KBR.ru/Press/PR/? File = 638744311296666060MICROFINANCE. CHTM

MIL OSI Russia News –

February 7, 2025

MIL-OSI: NB Private Equity: Holding(s) in Company

Source: GlobeNewswire (MIL-OSI)

TR-1: Standard form for notification of major holdings

1. Issuer Details
ISIN
GG00B1ZBD492
Issuer Name
NB PRIVATE EQUITY PARTNERS LIMITED
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Quilter Plc
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached
31-Jan-2025
6. Date on which Issuer notified
06-Feb-2025
7. Total positions of person(s) subject to the notification obligation

.	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	10.298234	0.000000	10.298234	4759831
Position of previous notification (if applicable)	14.987802	0.000000	14.987802

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GG00B1ZBD492		4759831		10.298234
Sub Total 8.A	4759831		10.298234%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights

Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights

Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Quilter Plc	Quilter Investors Limited	0.305208		0.305208%
Quilter Plc	Quilter Cheviot Europe Limited	0.324496		0.324496%
Quilter Plc	Quilter Cheviot Limited	8.241279		8.241279%
Quilter Plc	Quilter Cheviot International Limited	1.427249		1.427249%

10. In case of proxy voting
Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion
06-Feb-2025
13. Place Of Completion
London,UK

The MIL Network –

February 7, 2025

MIL-OSI: Calian Signs over $50M in Defence Contracts in Q1

Source: GlobeNewswire (MIL-OSI)

OTTAWA, Ontario, Feb. 06, 2025 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), announced today that it signed over $50 million in new and renewed multi-year defence contracts in the first quarter of fiscal year 2025 highlighting the continued need for mission-critical defence solutions and the value Calian provides to Canada’s defence, NATO and our allies.

Of the almost 30 contracts, half will provide operational readiness training, including one for NATO’s Joint Warfare Centre (JWC). Under the terms of the agreement, Calian will serve as the prime contractor, providing the majority of JWC’s critical defence training in the form of military and civilian subject matter experts to support JWC in delivering on its mission to train NATO forces at the strategic and operational levels. This support will include helping ensure forces can work together efficiently in a crisis and increasing the effectiveness and readiness of NATO’s multinational forces.

“The surge in global defence budgets underscores the demands of modern warfare and continued geopolitical instability,” said Kevin Ford, CEO of Calian. “As we look ahead, Calian recognizes our militaries need trusted, dependable partners to deliver mission-critical solutions. With capabilities that support personnel readiness, equipment reliability and secure, scalable operations, our goal is to ensure military forces are operation-ready so they can perform optimally in the most demanding, high-stakes environments.”

With over 40 years of experience, Calian delivers defence readiness solutions supporting national and international security. Leveraging our innovative technologies and expertise, Calian drives operational excellence through military training, healthcare, cybersecurity, communications and systems integration—helping military forces stay prepared and resilient in today’s rapidly evolving security and technology landscape.

Learn more about how Calian delivers confidence for military customers, no matter their needs: https://www.calian.com/defence/.

About Calian

www.calian.com

We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

Product or service names mentioned herein may be the trademarks of their respective owners.

Media inquiries:

media@calian.com

613-599-8600

Investor Relations inquiries:

ir@calian.com

DISCLAIMER

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

The MIL Network –

February 7, 2025
MIL-OSI: AGF Management Limited – Normal Course Issuer Bid

Source: GlobeNewswire (MIL-OSI)

TORONTO, Feb. 06, 2025 (GLOBE NEWSWIRE) — AGF Management Limited (“AGF”) announced today that the Toronto Stock Exchange (“TSX”) has approved AGF’s notice of intention to renew its normal course issuer bid in respect of its Class B Non-Voting Shares (AGF.B).

As at January 27, 2025, there were 65,291,557¹ Class B Non-Voting Shares issued and outstanding and the public float consisted of 47,507,917 Class B Non-Voting Shares.

Under the announced normal course issuer bid, AGF is permitted to purchase up to 4,750,792 Class B Non-Voting Shares, representing approximately 10% of the public float for such shares as of January 27, 2025. Purchases under the normal course issuer bid may commence on February 10, 2025 and continue until February 9, 2026, when the bid expires. Pursuant to the Articles of AGF, the Class B Non-Voting Shares may not be purchased by AGF at a price which exceeds more than 15% of the weighted average price at which the Class B Shares traded on the TSX during the ten trading days immediately preceding the date of any such purchase.

AGF announced that it will be entering into an automatic purchase plan (the “Plan”) with a broker during the normal course issuer bid. The Plan is effective as of February 10, 2025 and should terminate together with the normal course issuer bid. The Plan allows for purchases by AGF of its Class B Non-Voting Shares, subject to certain parameters.

Under the announced normal course issuer bid, purchases may be made through the facilities of TSX, alternative Canadian trading systems /other designated exchanges, or as otherwise permitted by the Canadian Securities Administrators or Ontario Securities Commission. The average daily trading volume (“ADTV”) of the Class B Non-Voting Shares (for the six-month period ended January 31, 2025) on the TSX was 93,109. Under the rules of the TSX, AGF is entitled to repurchase during the same trading day on the TSX up to 25% of the ADTV of its Class B Non-Voting Shares, being 23,277 except where reliance is placed on the TSX’s block purchase exemption.

Class B Non-Voting Shares purchased under the NCIB will be canceled or purchased and held by the AGF Employee Benefit Trust for the settlement of equity settled incentive plans by AGF. The directors believe that the purchase for cancellation of Class B Non-Voting Shares represents a desirable use of capital when, if in the opinion of management, the value of the Class B Non-Voting shares is attractive relative to the trading price of said shares. Purchase for cancellation by AGF of outstanding Class B Non-Voting Shares may also be used to offset the dilutive effect of treasury stock released for the employee benefit trust and of shares issued through AGF’s stock option plans and dividend reinvestment plan.

Under its existing normal course issuer bid, which expires on February 8, 2025, AGF sought and received approval from the TSX to purchase 4,735,269 Class B Non-Voting Shares. During the period from February 8, 2024 to February 5, 2025, AGF acquired 871,800 Class B Non-Voting Shares at a weighted average price of $8.12.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $54 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

Media Contact

Amanda Marchment
Director, Corporate Communications
416-865-4160
amanda.marchment@agf.com

¹ Includes treasury stock in the amount of 96,458

The MIL Network –

February 7, 2025
MIL-OSI: Inter&Co Inc. Reports Highest Ever Net Income of R$973M in 2024
Source: GlobeNewswire (MIL-OSI)

BELO HORIZONTE, Brazil, Feb. 06, 2025 (GLOBE NEWSWIRE) — Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 36 million customers, today reported financial results for the fourth quarter of 2024.

2024 Highlights:
- Record Net Income of R$ 973 million in 2024, 3 times greater than 2023.
- Total Net Revenue of R$ 6.4 billion, up 35% YoY, while Total Gross Revenues surpassed the mark of R$ 10 billion in 2024.
- Net Interest Margin of 9.7% in 4Q24, up from 9.0% in the same period of 2023.
- Net fee revenues of over R$ 2.0 billion, a 31% YoY growth, representing the strength of the platform effect.
- Total clients grew to 36 million, with 20.6 million active clients and an activation rate of 57%.
João Vitor Menin, Global CEO of Inter&Co commented:

“Our story has been about innovation, delivering a superior financial super app with low-cost products, disrupting a traditional and inefficient industry. As a result, we have acquired over 36 million clients that are simplifying their financial lives by using our platform.”

“In 2024, engagement continued to rise as we attracted a record 4.2 million active clients to our platform. This increased engagement fosters cross-selling among our seven verticals, generating a powerful network effect and enabling us to achieve remarkable results across all of them.”

“As a result, we delivered a growing ROE of 11.7% in 2024 and finished the year with R$973 million in net income, greater than our entire historical profitability combined.”

He added, “We entered 2025 with a strong balance sheet, one of the lowest costs of funding in the industry, a diversified credit portfolio, and asset quality metrics that continue to improve despite a more challenging scenario. I’m confident that our platform is exceptionally well positioned to continue succeeding in the years ahead.”

Conference Call
Inter&Co will discuss its 4Q2024 financial results on February 6th, 2024, at 11 a.m. ET (1 p.m. BRT). The webcast details, along with the earnings materials can be accessed on the company’s Investor Relations website at https://investors.inter.co/en/.

About Inter&Co
Inter&Co (NASDAQ: INTR) is the pioneer financial super app serving over 36 million consumers across the Americas. The Inter&Co ecosystem offers a broad array of services, including banking, investments, mortgages, credit, gift cards, and cross-border tools. The super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. The company is expanding rapidly in the United States, as evidenced by its naming rights sponsorship of the Inter&Co Stadium that hosts soccer teams “Orlando City” and “Orlando Pride”. Focused on innovation and captivating member experiences, Inter&Co delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers. For more information, visit: https://inter.co/en/us/.

Investor Relations:
Rafaela de Oliveira Vitória
ir@inter.co

Media Relations:
Kaio Philipe
kaio.philipe@inter.co

Chemistry Agency
interco@chemistryagency.com

Disclaimer
This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs, they involve known and unknown risks and uncertainties that could cause the company’s results or accrued results to differ materially from those anticipated and discussed herein. These statements are not guarantees of future performance. These risks and uncertainties include, but are not limited to, our ability to realize the number of projected synergies and the projected schedule, in addition to economic, competitive, governmental and technological factors affecting Inter, the markets, products and prices and other factors. In addition, this presentation contains managerial figures that may differ from those presented in our financial statements. The calculation methodology for these managerial numbers is presented in Inter’s quarterly earnings release. Statements contained in this report that are not facts or historical information may be forward looking statements under the terms of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may, among other things, beliefs related to the creation of value and any other statements regarding Inter. In some cases, terms such as “estimate”, “project”, “predict”, “plan”, “believe”, “can”, “expectation”, “anticipate”, “intend”, “aimed”, “potential”, “may”, “will/shall” and similar terms, or the negative of these expressions, may identify forward looking statements.

These forward-looking statements are based on Inter’s expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise. The definition of each such operational metric is included in the earnings release available on our Investor Relations website.

For additional information that about factors that may lead to results that are different from our estimates, please refer to sections “Cautionary Statement Concerning Forward Looking Statements” and “Risk Factors” of Inter&Co Annual Report on Form 20-F. The numbers for our key metrics (Unit Economics), which include, among other, active clients and average revenue per active client (ARPAC), are calculated using Inter’s internal data. Although we believe these metrics are based on reasonable estimates, there are challenges inherent in measuring the use of our business. In addition, we continually seek to improve our estimates, which may change due to improvements or changes in methodology, in processes for calculating these metrics and, from time to time, we may discover inaccuracies and adjust to improve accuracy, including adjustments that may result in recalculating our historical metrics.

About Non-IFRS Financial Measures
To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Inter&Co also presents non-IFRS measures of financial performance, as highlighted throughout the documents. The non-IFRS Financial Measures include, among others: Adjusted Net Income, Cost of Funding, Efficiency Ratio, Cost of Risk, Cards+PIX TPV, Gross ARPAC, Global Clients, Total Gross Revenues, and Return on average equity (ROE).

A “non-IFRS financial measure” refers to a numerical measure of Inter&Co’s historical or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Inter&Co’s financial statements. Inter&Co provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered together with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Inter&Co’s performance to that of other companies.

The MIL Network –
February 7, 2025

MIL-OSI: AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2024

Source: GlobeNewswire (MIL-OSI)

Company reports EPS of $4.92, Economic EPS of $6.53 in the fourth quarter of 2024
EPS of $15.13, Economic EPS of $21.36 for the full year 2024

New partnership with NorthBridge Partners, a private markets manager specializing in industrial logistics real estate assets
Net income (controlling interest) of $512 million, Economic Net Income (controlling interest) of $702 million
10% full-year Economic Earnings per share growth reflects AMG’s ongoing strategic evolution and disciplined capital allocation strategy
Repurchased $700 million in common stock or approximately 13% of shares outstanding in 2024

WEST PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the fourth quarter and year ended December 31, 2024.

Jay C. Horgen, President and Chief Executive Officer of AMG, said:
“AMG delivered record Economic Earnings per share in 2024; growth of 10% relative to the prior year reflected the ongoing evolution of our business and the positive impact of our disciplined capital allocation strategy.

“In 2024, we continued to strategically evolve our business, increasing our exposure to alternatives, which further enhances our long-term growth prospects. AMG’s private markets Affiliates raised approximately $24 billion during the year, reflecting the ongoing demand for our Affiliates’ specialized strategies. Throughout the year we continued to invest our capital and resources alongside our Affiliates to develop new products for the U.S. wealth marketplace, including additional innovative alternative solutions across private markets and liquid alternatives.

“This morning, we announced our investment in NorthBridge Partners, a leading vertically integrated real estate manager with excellent forward prospects, given its deep expertise and targeted investment strategy in last-mile logistics, a high-growth sector benefiting from the expanding digital economy and evolving supply chain dynamics. Our partnership with NorthBridge broadens AMG’s participation in private markets and underscores our focus on investing in areas of secular growth. AMG’s proven ability to magnify the competitive advantages of partner-owned firms, while also preserving their independence, continues to differentiate AMG’s partnership model and is highly valued by prospective Affiliates.

“Our execution across each element of our growth strategy, including investing in new Affiliate partnerships, investing in our existing Affiliates, and investing in AMG’s capabilities to magnify our Affiliates’ success, is driving the evolution of our distinctive business profile. Given AMG’s proven strategic capabilities and 30-year track record of successful partnerships, our opportunities to invest in growth are expanding. With our ample financial flexibility and disciplined capital allocation framework, we enter 2025 in an excellent position to continue executing on our strategy, and create meaningful incremental shareholder value over time.”

FINANCIAL HIGHLIGHTS	Three Months Ended						Years Ended
(in millions, except as noted and per share data)	12/31/2023			12/31/2024			12/31/2023			12/31/2024
Operating Performance Measures
AUM (at period end, in billions)	$	672.7		$	707.9		$	672.7		$	707.9
Average AUM (in billions)		648.1			717.3			660.3			700.5
Net client cash flows (in billions)		(6.1	)		(8.3	)		(29.2	)		(13.9	)
Aggregate fees		1,560.9			1,509.2			5,066.6			5,236.0
Financial Performance Measures
Net income (controlling interest)	$	196.2		$	162.1		$	672.9		$	511.6
Earnings per share (diluted)⁽¹⁾		5.15			4.92			17.42			15.13
Supplemental Performance Measures⁽²⁾
Adjusted EBITDA (controlling interest)	$	296.2		$	281.7		$	935.7		$	973.1
Economic net income (controlling interest)		242.9			205.8			717.8			701.6
Economic earnings per share		6.86			6.53			19.48			21.36

For additional information on our Supplemental Performance Measures, including reconciliations to GAAP, see the Financial Tables and Notes.

Capital Management
During the fourth quarter of 2024, the Company repurchased approximately $120 million in common stock, bringing full-year share repurchases to approximately $700 million. The Company also announced a fourth-quarter cash dividend of $0.01 per share of common stock, payable March 4, 2025 to stockholders of record as of the close of business on February 18, 2025.

About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long‐term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates’ existing advantages and actively supports their independence and ownership culture. As of December 31, 2024, AMG’s aggregate assets under management were approximately $708 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.

Conference Call, Replay and Presentation Information
A conference call will be held with AMG’s management at 8:30 a.m. Eastern time today. Parties interested in listening to the conference call should dial 1-877-407-8291 (U.S. calls) or 1-201-689-8345 (non-U.S. calls) shortly before the call begins.

The conference call will also be available for replay beginning approximately one hour after the conclusion of the call. To hear a replay of the call, please dial 1-877-660-6853 (U.S. calls) or 1-201-612-7415 (non-U.S. calls) and provide conference ID 13750674. The live call and replay of the session and a presentation highlighting the Company’s performance can also be accessed via AMG’s website at https://ir.amg.com/.

Financial Tables Follow

ASSETS UNDER MANAGEMENT – STATEMENTS OF CHANGES *(in billions)*

	Alternatives						Differentiated Long-Only
BY STRATEGY – QUARTER TO DATE	Private Markets			Liquid Alternatives			Equities			Multi-Asset & Fixed Income			Total
AUM, September 30, 2024	$	131.2		$	135.3		$	345.9		$	116.0		$	728.4
Client cash inflows and commitments		5.6			8.9			10.2			5.2			29.9
Client cash outflows		(0.1	)		(7.3	)		(25.8	)		(5.0	)		(38.2	)
Net client cash flows		5.5			1.6			(15.6	)		0.2			(8.3	)
Market changes		(0.2	)		3.5			(2.5	)		0.4			1.2
Foreign exchange		(0.5	)		(3.1	)		(6.3	)		(1.3	)		(11.2	)
Realizations and distributions (net)		(0.7	)		(0.2	)		(1.3	)		(0.1	)		(2.3	)
Other		0.1			3.6			(4.0	)		0.4			0.1
AUM, December 31, 2024	$	135.4		$	140.7		$	316.2		$	115.6		$	707.9

	Alternatives						Differentiated Long-Only
BY STRATEGY – YEAR TO DATE	Private Markets			Liquid Alternatives			Equities			Multi-Asset & Fixed Income			Total
AUM, December 31, 2023	$	114.8		$	124.0		$	329.4		$	104.5		$	672.7
Client cash inflows and commitments		23.7			27.5			38.1			22.1			111.4
Client cash outflows		(0.2	)		(25.6	)		(80.2	)		(19.3	)		(125.3	)
Net client cash flows		23.5			1.9			(42.1	)		2.8			(13.9	)
New investments		0.7			—			—			0.7			1.4
Market changes		0.4			10.6			41.4			8.7			61.1
Foreign exchange		(0.3	)		(0.8	)		(4.6	)		(1.2	)		(6.9	)
Realizations and distributions (net)		(4.4	)		(0.5	)		(1.4	)		(0.3	)		(6.6	)
Other		0.7			5.5			(6.5	)		0.4			0.1
AUM, December 31, 2024	$	135.4		$	140.7		$	316.2		$	115.6		$	707.9


CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended
(in millions, except per share data)	12/31/2023			12/31/2024
Consolidated revenue	$	502.7		$	524.2

Consolidated expenses:
Compensation and related expenses		244.5			238.8
Selling, general and administrative		84.8			98.4
Intangible amortization and impairments		10.8			7.3
Interest expense		31.4			35.2
Depreciation and other amortization		3.0			4.0
Other expenses (net)		9.6			8.8
Total consolidated expenses		384.1			392.5

Equity method income (net)⁽³⁾		125.7			124.5
Affiliate Transaction gains⁽⁴⁾		—			—
Investment and other income		29.8			17.5
Income before income taxes		274.1			273.7

Income tax expense		29.8			52.6
Net income		244.3			221.1

Net income (non-controlling interests)		(48.1	)		(59.0	)
Net income (controlling interest)	$	196.2		$	162.1

Average shares outstanding (basic)		33.7			30.1
Average shares outstanding (diluted)		41.3			36.0

Earnings per share (basic)	$	5.83		$	5.39
Earnings per share (diluted)⁽¹⁾	$	5.15		$	4.92


RECONCILIATIONS OF SUPPLEMENTAL PERFORMANCE MEASURES⁽²⁾

	Three Months Ended
(in millions, except per share data)	12/31/2023			12/31/2024
Net income (controlling interest)	$	196.2		$	162.1
Intangible amortization and impairments		39.9			30.5
Intangible-related deferred taxes		12.8			15.3
Affiliate Transactions⁽⁴⁾		—			—
Other economic items		(6.0	)		(2.1	)
Economic net income (controlling interest)	$	242.9		$	205.8

Average shares outstanding (adjusted diluted)		35.4			31.5
Economic earnings per share	$	6.86		$	6.53

Net income (controlling interest)	$	196.2		$	162.1
Interest expense		31.4			35.2
Income taxes		34.5			54.9
Intangible amortization and impairments		39.9			30.5
Affiliate Transactions⁽⁴⁾		—			—
Other items		(5.8	)		(1.0	)
Adjusted EBITDA (controlling interest)	$	296.2		$	281.7

See Notes for additional information.

CONSOLIDATED STATEMENTS OF INCOME

	Years Ended
(in millions, except per share data)	12/31/2023			12/31/2024
Consolidated revenue	$	2,057.8		$	2,040.9

Consolidated expenses:
Compensation and related expenses		907.5			915.3
Selling, general and administrative		358.2			376.5
Intangible amortization and impairments		48.3			29.0
Interest expense		123.8			133.3
Depreciation and other amortization		13.0			13.4
Other expenses (net)		45.8			40.3
Total consolidated expenses		1,496.6			1,507.8

Equity method income (net)⁽³⁾		280.0			312.7
Affiliate Transaction gains⁽⁴⁾		133.1			—
Investment and other income		117.1			77.4
Income before income taxes		1,091.4			923.2

Income tax expense		185.3			182.6
Net income		906.1			740.6

Net income (non-controlling interests)		(233.2	)		(229.0	)
Net income (controlling interest)	$	672.9		$	511.6

Average shares outstanding (basic)		35.1			31.1
Average shares outstanding (diluted)		42.2			36.1

Earnings per share (basic)	$	19.18		$	16.45
Earnings per share (diluted)⁽¹⁾	$	17.42		$	15.13


RECONCILIATIONS OF SUPPLEMENTAL PERFORMANCE MEASURES⁽²⁾

	Years Ended
(in millions, except per share data)	12/31/2023			12/31/2024
Net income (controlling interest)	$	672.9		$	511.6
Intangible amortization and impairments		128.5			149.2
Intangible-related deferred taxes		57.3			61.9
Affiliate Transactions⁽⁴⁾		(122.1	)		—
Other economic items		(18.8	)		(21.1	)
Economic net income (controlling interest)	$	717.8		$	701.6

Average shares outstanding (adjusted diluted)		36.8			32.8
Economic earnings per share	$	19.48		$	21.36

Net income (controlling interest)	$	672.9		$	511.6
Interest expense		123.8			133.3
Income taxes		185.2			187.9
Intangible amortization and impairments		128.5			149.2
Affiliate Transactions⁽⁴⁾		(162.7	)		—
Other items		(12.0	)		(8.9	)
Adjusted EBITDA (controlling interest)	$	935.7		$	973.1

See Notes for additional information.

CONSOLIDATED BALANCE SHEETS

	Years Ended
(in millions)	12/31/2023			12/31/2024
Assets
Cash and cash equivalents	$	813.6		$	950.0
Receivables		368.4			409.7
Investments		941.9			595.6
Goodwill		2,523.6			2,504.9
Acquired client relationships (net)		1,812.4			1,777.8
Equity method investments in Affiliates (net)		2,288.5			2,246.6
Fixed assets (net)		67.3			57.6
Other assets		243.9			288.7
Total assets	$	9,059.6		$	8,830.9

Liabilities and Equity
Payables and accrued liabilities	$	628.5		$	639.1
Debt		2,537.5			2,620.2
Deferred tax liability (net)		463.8			520.5
Other liabilities		466.3			402.4
Total liabilities		4,096.1			4,182.2

Redeemable non-controlling interests		393.4			350.5
Equity:
Common stock		0.6			0.6
Additional paid-in capital		741.4			733.1
Accumulated other comprehensive loss		(167.6	)		(163.6	)
Retained earnings		6,389.6			6,899.8
		6,964.0			7,469.9
Less: treasury stock, at cost		(3,376.1	)		(4,124.6	)
Total stockholders’ equity		3,587.9			3,345.3
Non-controlling interests		982.2			952.9
Total equity		4,570.1			4,298.2
Total liabilities and equity	$	9,059.6		$	8,830.9

Notes

(1)	Earnings per share (diluted) adjusts for the dilutive effect of the potential issuance of incremental shares of our common stock.

	We assume the settlement of all of our Redeemable non-controlling interests using the maximum number of shares permitted under our arrangements. The issuance of shares and the related income acquired are excluded from the calculation if an assumed purchase of Redeemable non-controlling interests would be anti-dilutive to diluted earnings per share.

	We are required to apply the if-converted method to our outstanding junior convertible securities when calculating Earnings per share (diluted). Under the if-converted method, shares that are issuable upon conversion are deemed outstanding, regardless of whether the securities are contractually convertible into our common stock at that time. For this calculation, the interest expense (net of tax) attributable to these dilutive securities is added back to Net income (controlling interest), reflecting the assumption that the securities have been converted. Issuable shares for these securities and related interest expense are excluded from the calculation if an assumed conversion would be anti-dilutive to diluted earnings per share.

	The following table provides a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share:

	Three Months Ended				Years Ended
(in millions)	12/31/2023		12/31/2024		12/31/2023		12/31/2024
Numerator
Net income (controlling interest)	$	196.2	$	162.1	$	672.9	$	511.6
Income from hypothetical settlement of Redeemable non-controlling interests, net of taxes		12.9		11.7		49.0		20.5
Interest expense on junior convertible securities, net of taxes		3.4		3.4		13.4		13.4
Net income (controlling interest), as adjusted	$	212.5	$	177.2	$	735.3	$	545.5
Denominator
Average shares outstanding (basic)		33.7		30.1		35.1		31.1
Effect of dilutive instruments:
Stock options and restricted stock units		1.7		1.4		1.7		1.7
Hypothetical issuance of shares to settle Redeemable non-controlling interests		4.2		2.8		3.7		1.6
Junior convertible securities		1.7		1.7		1.7		1.7
Average shares outstanding (diluted)		41.3		36.0		42.2		36.1

(2)	As supplemental information, we provide non-GAAP performance measures of Adjusted EBITDA (controlling interest), Economic net income (controlling interest), and Economic earnings per share. We believe that many investors use our Adjusted EBITDA (controlling interest) when comparing our financial performance to other companies in the investment management industry. Management utilizes these non-GAAP performance measures to assess our performance before our share of certain non-cash GAAP expenses primarily related to the acquisition of interests in Affiliates and to improve comparability between periods. Economic net income (controlling interest) and Economic earnings per share are used by management and our Board of Directors as our principal performance benchmarks, including as one of the measures for determining executive compensation. These non-GAAP performance measures are provided in addition to, but not as a substitute for, Net income (controlling interest), Earnings per share, or other GAAP performance measures. For additional information on our non-GAAP measures, see our most recent Annual and Quarterly Reports on Form 10-K and 10-Q, respectively, which are accessible on the SEC’s website at www.sec.gov.

	Adjusted EBITDA (controlling interest) represents our performance before our share of interest expense, income and certain non-income based taxes, depreciation, amortization, impairments, gains and losses related to Affiliate Transactions, and non-cash items such as certain Affiliate equity activity, gains and losses on our contingent payment obligations, and unrealized gains and losses on seed capital, general partner commitments, and other strategic investments. Adjusted EBITDA (controlling interest) is also adjusted to include realized economic gains and losses related to these seed capital, general partner commitments, and other strategic investments.

	Under our Economic net income (controlling interest) definition, we adjust Net income (controlling interest) for our share of pre-tax intangible amortization and impairments related to intangible assets (including the portion attributable to equity method investments in Affiliates) because these expenses do not correspond to the changes in the value of these assets, which do not diminish predictably over time. We also adjust for deferred taxes attributable to intangible assets because we believe it is unlikely these accruals will be used to settle material tax obligations. Further, we adjust for gains and losses related to Affiliate Transactions, net of tax, and other economic items. Other economic items include certain Affiliate equity activity, gains and losses related to contingent payment obligations, tax windfalls and shortfalls from share-based compensation, unrealized gains and losses on seed capital, general partner commitments, and other strategic investments, and realized economic gains and losses related to these seed capital, general partner commitments, and other strategic investments.

	Economic earnings per share represents Economic net income (controlling interest) divided by the Average shares outstanding (adjusted diluted). In this calculation, we exclude the potential shares issued upon settlement of Redeemable non-controlling interests from Average shares outstanding (adjusted diluted) because we intend to settle those obligations without issuing shares, consistent with all prior Affiliate equity purchase transactions. The potential share issuance in connection with our junior convertible securities is measured using a “treasury stock” method. Under this method, only the net number of shares of common stock equal to the value of the junior convertible securities in excess of par, if any, are deemed to be outstanding. We believe the inclusion of net shares under a treasury stock method best reflects the benefit of the increase in available capital resources (which could be used to repurchase shares of our common stock) that occurs when these securities are converted and we are relieved of our debt obligation.

	The following table provides a reconciliation of Average shares outstanding (adjusted diluted):

	Three Months Ended				Years Ended
(in millions)	12/31/2023		12/31/2024		12/31/2023		12/31/2024
Average shares outstanding (diluted)	41.3		36.0		42.2		36.1
Hypothetical issuance of shares to settle Redeemable non-controlling interests	(4.2	)	(2.8	)	(3.7	)	(1.6	)
Junior convertible securities	(1.7	)	(1.7	)	(1.7	)	(1.7	)
Average shares outstanding (adjusted diluted)	35.4		31.5		36.8		32.8

(3)	The following table presents equity method earnings and equity method intangible amortization and impairments, which in aggregate form Equity method income (net):

		Three Months Ended						Years Ended
	(in millions)	12/31/2023			12/31/2024			12/31/2023			12/31/2024
	Equity method earnings	$	158.3		$	150.1		$	375.6		$	442.7
	Equity method intangible amortization and impairments		(32.6	)		(25.6	)		(95.6	)		(130.0	)
	Equity method income (net)	$	125.7		$	124.5		$	280.0		$	312.7

(4)	The following table presents the impact of the completion of our previously announced sales of our equity interests in Veritable, LP to a third party in the third quarter of 2023, and Baring Private Equity Asia to EQT AB (“EQT”), a public company listed on Nasdaq Stockholm (EQT ST), in the fourth quarter of 2022, pursuant to which we received ordinary shares of EQT:

		Three Months Ended				Years Ended
	(in millions)	12/31/2023		12/31/2024		12/31/2023			12/31/2024
	Affiliate Transaction gain	$	—	$	—	$	133.1		$	—
	Investment and other income – Realized gains on EQT shares		—		—		29.6			—
	Affiliate Transactions, pre-tax		—		—		162.7			—
	Income taxes		—		—		(40.6	)		—
	Affiliate Transactions, after-tax	$	—	$	—	$	122.1		$	—

Forward-Looking Statements and Other Matters

Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” “preliminary,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “projects,” “positioned,” “prospects,” “intends,” “plans,” “estimates,” “pending investments,” “anticipates,” or the negative version of these words or other comparable words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, uncertainties relating to closing of pending investments or transactions and potential changes in the anticipated benefits thereof, the investment performance and growth rates of our Affiliates and their ability to effectively market their investment strategies, the mix of Affiliate contributions to our earnings, and other risks, uncertainties, and assumptions, including those described under the section entitled “Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Such factors may be updated from time to time in our periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law.

This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate.

From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.

Investor and Media Relations
Patricia Figueroa
+1 (617) 747-3300
ir@amg.com
pr@amg.com

The MIL Network –

February 7, 2025

MIL-OSI: YieldMax™ Launches Its First 0DTE ETF YieldMax™ S&P 500 0DTE Covered Call Strategy ETF (SDTY)
Source: GlobeNewswire (MIL-OSI)

CHICAGO, MILWAUKEE and NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — YieldMax™ announced the launch today of its first YieldMax™ 0DTE Covered Call Strategy ETF:

YieldMax™ S&P 500 0DTE Covered Call Strategy ETF (Nasdaq: SDTY)

SDTY Overview

SDTY is an actively managed ETF that utilizes a synthetic covered call strategy designed to generate weekly income while also providing exposure to the price return of the S&P 500 (“the Index”). SDTY generates income primarily by utilizing zero days to expiry (“0DTE”) options on an Index and/or passively managed ETFs (“Index ETFs”) that tracks the Index’s performance.

SDTY’s Option Strategy

SDTY employs a synthetic covered call strategy by selling and purchasing call options on the Index or Index ETFs. Each business day, typically at market open, the Fund sells out-of-the-money (OTM) call options with zero days to expiration (“0DTE”), which expire the same day they are sold. OTM options have a strike price above the current Index value. SDTY’s synthetic covered call strategy is established by combining the call options sold to generate income with buying call options for exposure to the Index.

SDTY’S Return Profile and Index Performance

SDTY earns income by selling out-of-the-money 0DTE call options daily. The premiums from these options add to income but limit participation in Index gains. If the Index rises past the strike price, losses on sold options can offset gains. This strategy balances income generation with limited Index upside exposure while premiums can help mitigate losses if the Index declines.

SDTY Distribution Schedule

SDTY is the first member of the YieldMax™ ETF 0DTE family and like all YieldMax™ ETFs, SDTY aims to generate income to investors. With respect to distributions, SDTY aims to make distributions on a weekly basis and its first weekly distribution is expected to be announced on February 19, 2025.

Why Invest in SDTY?
- SDTY seeks to generate weekly income which is not dependent on the value of its Index (or ETFs that track the Index’s performance).
- SDTY aims to participate in a portion of the Index gains which may be capped.
Important Information

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about each Fund, visit our website at www.YieldMaxETFs.com. Read the prospectus or summary prospectus carefully before investing.

There is no guarantee that any Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment in any such Fund.

Tidal Financial Group is the adviser for all YieldMax™ ETFs.

THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

Risk Disclosures

Investing involves risk. Principal loss is possible.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other Index (or ETFs that track the Index’s performance)holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary Index (or ETFs that track the Index’s performance) securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

High Index (or ETFs that track the Index’s performance) Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high Index (or ETFs that track the Index’s performance) turnover rate increases transaction costs, which may increase the Fund’s expenses.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group or YieldMax™ ETFs.

© 2025 YieldMax™ ETFs

The MIL Network –
February 7, 2025
MIL-OSI: Bitmaster Revolutionizes Crypto Trading with AI and MCS Token Integration

Source: GlobeNewswire (MIL-OSI)

SEOUL, South Korea, Feb. 06, 2025 (GLOBE NEWSWIRE) — Bitmaster, an advanced cryptocurrency trading platform, is transforming digital asset trading through AI-driven automation and MCS token integration. By combining real-time analytics with automated trading strategies, Bitmaster provides a more efficient, secure, and accessible trading environment for both beginners and professional traders.

Bitmaster leverages AI-based trading signals to analyze the market and execute automated trades, allowing users to seize real-time opportunities while minimizing risks. Additionally, MCS tokens offer benefits such as reduced transaction fees, automated trading functionality, staking rewards, and access to premium trading tools, enhancing the overall user experience.

New users can enjoy a 3-day free premium membership trial and receive 10 MCS tokens, allowing them to explore the platform’s various features. Premium features include Signal Master and Auto Master, which enhance trading precision. Signal Master provides trading signals for Bitcoin futures, supporting users with accurate trading strategies. Auto Master, which is currently under development, will enable automated trading based on Signal Master’s insights. Additionally, within the app, users can participate in the Up & Down Prediction Game, where they predict Bitcoin futures price movements (UP or DOWN). Successful predictions reward users with 1.9 times the MCS amount wagered. The 10 MCS tokens received can also be sent to LBank for trading or converted to USDT for withdrawal.

Bitmaster is focusing on enhancing liquidity, improving market accessibility, and strengthening its presence in the global cryptocurrency ecosystem. To achieve this, the company is expanding strategic partnerships and collaborating with leading global exchanges to provide diverse fiat on-ramp options and region-specific trading solutions. Additionally, Bitmaster is increasing accessibility by offering multi-language support and localized customer service to better serve its global user base. These initiatives ensure that users can trade in a seamless and secure environment through trusted exchange partnerships.

Bitmaster operates various user-centric incentive programs to encourage active participation and trading. MCS airdrops provide additional benefits to both new and existing users, driving engagement within the platform. This encourages continuous trading activity, allowing users to earn more rewards within the Bitmaster ecosystem. Additionally, promotional campaigns offer extra benefits, ensuring long-term user retention. Incentives such as MCS airdrops, referral programs with up to 30% commission, and ICO bonuses of up to 40% play a crucial role in increasing user engagement and supporting the platform’s sustained growth.

Bitmaster continues to set new standards in AI-driven innovation and blockchain technology, driving automation and data-driven trading. As the platform evolves, it aims to deliver an intuitive, efficient, and rewarding trading experience for global users, solidifying its leadership in the cryptocurrency trading industry.

For more details: https://buly.kr/Ezi4D52

Contact Information

Company Name: Bitmaster
Contact Person: Evelyn
Contact Person Title: Contents Manager
Email: mr.mcs@bitmaster.pro
Phone Number: +82 1039824189
Company Website: https://bitmaster.pro/

Disclaimer: This press release is provided by Bitmaster. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/efe81893-9e0b-4e13-8c27-8d4e63bce156

https://www.globenewswire.com/NewsRoom/AttachmentNg/3288772b-ccfb-4ab2-aff0-17d97f476168

https://www.globenewswire.com/NewsRoom/AttachmentNg/5f212ffe-9120-4f2e-aa45-9eed813dcb99

The MIL Network –

February 7, 2025
MIL-OSI: Talen Energy to Report Full Year and Fourth Quarter 2024 Financial Results on February 27, 2025

Source: GlobeNewswire (MIL-OSI)

HOUSTON, Feb. 06, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen”) (NASDAQ: TLN) plans to release its full year and fourth quarter 2024 financial results on Thursday, February 27, 2025, after market close. President and Chief Executive Officer Mac McFarland and Chief Financial Officer Terry Nutt will discuss the financial and operating results during an earnings call at 4:30 p.m. EST (3:30 p.m. CST) on February 27, 2025.

To listen to the earnings call, please register in advance for the webcast here. For participants joining the call via phone, please register here prior to the start time to receive dial-in information. For those unable to participate in the live event, a digital replay of the earnings call will be archived for approximately one year and available on Talen’s Investor Relations website at https://ir.talenenergy.com/news-events/events.

About Talen
Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

Investor Relations:
Ellen Liu
Senior Director, Investor Relations
InvestorRelations@talenenergy.com

Media:
Taryne Williams
Director, Corporate Communications
Taryne.Williams@talenenergy.com

Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

The MIL Network –

February 7, 2025
MIL-OSI: CareCloud Achieves Industry-Leading Security and Compliance Attestation, Uniquely Positioned to Grow Among Large Healthcare Enterprises

Source: GlobeNewswire (MIL-OSI)

SOC 2 Type 2 Attestation Positions CareCloud Among a Select Group of less than 10% of all EHR Vendors

SOMERSET, N.J., Feb. 06, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology and AI-driven solutions, today announced that it has successfully completed a SOC 2 Type 2 examination for the second consecutive year, receiving a clean report with no exceptions. The examination scope of the Healthcare IT systems, performed by an independent CPA firm, covered security, availability, processing integrity, and confidentiality. This accomplishment underscores the Company’s commitment to the highest standards of data security, privacy, and regulatory compliance—critical for healthcare providers, especially larger enterprises such as health systems and hospital networks.

“Our ability to achieve a clean SOC 2 Type 2 report for the second consecutive year is a testament to the strength of our security infrastructure and our commitment to protecting sensitive healthcare data,” said A. Hadi Chaudhry, Co-CEO of CareCloud. “As we continue to advance our AI-driven solutions and cloud-based platform, maintaining the highest level of security and compliance remains a top priority. This examination reinforces our dedication to delivering innovative technology that meets the stringent requirements of enterprise healthcare organizations.”

Successfully completing the SOC 2 Type 2 examination affirms that the Company has maintained rigorous security controls and operational effectiveness across its cloud-based platform. This milestone aligns the Company for continued expansion into larger client bases, including health systems, multi-specialty group practices, and enterprise-level healthcare organizations that demand robust security and compliance frameworks.

“We’re excited to be in a select group of an estimated 10% of all EHR vendors who have achieved this important attestation,” said Stephen Snyder, Co-CEO of CareCloud. “With this attestation, we are uniquely positioned for further expansion across larger healthcare enterprises who typically require a SOC 2 Type 2 attestation. As we continue to scale our offerings to meet the needs of larger and more complex organizations, completing this examination with a clean report distinguishes us among our competitors and demonstrates our ability to support enterprise clients with confidence and reliability.”

As CareCloud expands its AI-driven solutions, revenue cycle management (RCM) services, and electronic health record (EHR) offerings to larger healthcare organizations, this attestation solidifies its ability to meet the evolving security and compliance needs of health systems and enterprise clients.

About CareCloud

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

To listen to video presentations by CareCloud’s management team, read recent press releases and view our latest investor presentation, please visit https://ir.carecloud.com.

Follow CareCloud on LinkedIn, X and Facebook.

Forward-Looking Statements

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

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

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

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

SOURCE CareCloud

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

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

The MIL Network –

February 7, 2025
MIL-OSI Russia: The government has approved the parameters for writing off the regions’ debt on budget loans

Translartion. Region: Russians Fedetion –

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

The work is being carried out on the instructions of the President.

Document

Resolution of February 1, 2025 No. 79

Prime Minister Mikhail Mishustin signed a resolution approving the rules for writing off regions’ debt on budget loans and a list of areas for spending the released funds.

According to the document, regions are exempted from paying off two-thirds of the debt on budget loans that has accumulated as of March 1, 2024. To do this, regional leaders must submit a corresponding application to the Ministry of Finance by March 1, 2025, indicating the planned activities at the expense of funds released from write-offs.

The region should invest at least half of these funds in the implementation of infrastructure projects in the housing and utilities sector. The rest can be used to relocate citizens from dilapidated housing, upgrade public transport, develop key settlements, implement new investment projects, compensate for lost income from the use of investment tax deductions, support companies managing territories with preferential tax regimes, and recapitalize industrial development funds, guarantee and microfinance organizations.

Regions with low budgetary provision are allowed to use the released funds for activities within the framework of the implementation of new national projects and for expenses related to the special military operation. Subjects included in the Far Eastern Federal District and the Arctic zone can use the released funds for the implementation of activities within the framework of master plans of cities located in these territories.

The resolution was prepared to implement the instructions of the President, which he gave in 2024 following the results of the Address to the Federal Assembly and following the meeting of the Council for Strategic Development and National Projects and the State Council commissions on socio-economic development.

Speaking about the decision taken onGovernment meeting on February 6, Mikhail Mishustin noted that the formation of modern infrastructure is one of the basic conditions for further economic growth. “The efforts of the federal government and local leaders are aimed at this,” the head of the cabinet emphasized.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

February 7, 2025
MIL-OSI Asia-Pac: President of the 79th session of the United Nations General Assembly calls on the President

Source: Government of India

Posted On: 06 FEB 2025 3:39PM by PIB Delhi

H.E. Mr Philemon Yang, President of the 79th session of the United Nations General Assembly (UNGA) called on the President of India, Smt Droupadi Murmu at Rashtrapati Bhavan today (February 6, 2025).

Welcoming the President of the UN General Assembly to India, the President said that his Presidency of UNGA comes at a time when we are marking an important milestone of 80 years of establishment of the United Nations.

The President noted that the year 2025 will also see important UN conferences like the Fourth Conference on Financing for Development, and the Third UN Ocean Conference, etc. She assured him of India’s active and constructive participation at all these platforms.

The President emphasized the need for early and comprehensive reform of key multilateral bodies, including the UN Security Council, to make them reflective of contemporary global realities.

The President appreciated Mr Philemon Yang’s emphasis on science and data-driven approach to sustainable development, and his inclusive vision. She also commended his leadership in the adoption of the “Pact for the Future” at the Summit for the Future held in New York in September 2024. She said that India will continue to champion the causes of the Global South, including at the UN, guided by the philosophy of “Vasudhaiva Kutumbakam”.

The two leaders also discussed the close and friendly bilateral relations between India and Cameroon, which have grown steadily over the years, especially in development partnership and capacity building. The President noted that India shares a special bond with Africa, and it was during India’s Presidency in 2023 that the African Union was included in G-20 as a permanent member.

***

MJPS/SR/SKS

(Release ID: 2100255) Visitor Counter : 77

MIL OSI Asia Pacific News –

February 7, 2025

Category: Finance

Expectations fall from 30 gigawatts by 2030

What the states stand to lose

Sand in the gears of a complex process

Jobs and opportunity delayed

Further information

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Resolution of February 1, 2025 No. 79