NewzIntel.com

Category: Finance

  • MIL-OSI: Urbana Corporation Announces 2025 Winter Drilling Program

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

    TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Urbana Corporation (TSX & CSE: URB & URB.A)

    Urbana Corporation is pleased to announce that it plans to conduct a winter drilling program on its 100% owned “Urban Township Project” in the coming weeks (the “Winter Drilling Program”). The objectives are (a) determining if the gold mineralization recently found near the boundary of Urbana’s gold project continues onto Urbana’s ground, (b) extending historical gold discoveries on strike and at depth in three different areas, and (c) testing select geophysical and geological targets for mineralization.

    The Winter Drilling Program consists of up to 4,150 metres of drilling in the southern sector of Urbana’s claim group. The project is located near existing infrastructure, is accessible by road and is located between the nearby Windfall and Barry gold deposits, along the same geological feature.

    The areas surrounding Urbana’s mining property have seen radical changes in recent years with the consolidation of claims into a couple of major companies, the advancement of gold deposits by Osisko Mining Inc. and Bonterra Resources, and most recently the acquisition of Osisko Mining Inc. by Gold Fields Limited, a large gold producer based out of South Africa with properties surrounding Urbana’s centrally located property. Management is excited about the prospect of significant findings from the Winter Drilling Program.

    A review of additional data located in the northern sector of the project is underway. Data collected shows numerous gold prospects throughout the area which warrant a potential second drill program in late summer. PDF versions of the documents are available at www.urbanacorp.com and at www.sedarplus.ca.

    Qualified Persons
    Technical and scientific aspects of this news release have been reviewed, verified, and approved by Mathieu Stephens, P.Geo., the Qualified Person, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

    For further information contact:
    Elizabeth Naumovski, Investor Relations
    (416) 595-9106   enaumovski@urbanacorp.com

    150 KING ST. WEST, SUITE 1702, TORONTO, ONTARIO M5H 1J9
    TEL: 416-595-9106   FAX: 416-862-2498   www.urbanacorp.com

    The MIL Network –

  • MIL-OSI: Solum Global Inc. Announces Blockchain-Based Electronic Health Wallet (EHW) Solution for U.S. Healthcare Industry

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, FL, Feb. 03, 2025 (GLOBE NEWSWIRE) — Solum Global Inc. (“Solum Global, Solum or the Company”) is a transparent digital network with a fully decentralized, permissionless blockchain protocol and stablecoin (sgUSD) for storing, trading, and transferring digital and real-world assets enabling immediate settlement between individuals, businesses, and governments, announced today its entrance into the U.S. healthcare industry with the anticipated second quarter 2025 release of its electronic health wallet, a blockchain-powered solution designed to streamline transactions, reduce fraud, and enhance data protection.  

    Solum Global is transforming U.S. healthcare by integrating artificial intelligence (AI), smart contracts, and its stablecoin (sgUSD) with a proprietary electronic health wallet (EHW). EHW is a blockchain-based web3 platform that streamlines revenue cycle management (RCM), replacing fragmented legacy web2 systems with a unified, secure, and automated solution. Leveraging blockchain’s key attributes—programmability, security, immutability, and smart contract billing—Solum enables instant payments through its EHW using sgUSD, a U.S. dollar-backed stablecoin. AI-driven analysis of historical medical records helps detect financial inefficiencies, including billing errors, waste, abuse, and fraud, while predicting and optimizing future medical expenditures for providers, hospitals, and insurers.

    “Healthcare professionals, hospitals, senior care providers, and insurance companies all recognize the inefficiencies in the U.S. healthcare system, but stakeholders underestimate their true scale. By exposing the full extent of these losses and providing a solution, Solum improves profitability for its clients and contributes to a more secure, efficient, and sustainable healthcare system, benefiting providers, patients, and payers,” stated Geary Stonesifer, CEO of Solum Global, Inc.

    The U.S. healthcare system is plagued by inefficiencies, rising costs, and security vulnerabilities, making innovation more critical than ever. In 2023, the amount spent within the U.S. healthcare industry was a staggering $4.9 trillion, which was $14,570 per person and 17.6% of the nation’s Gross Domestic Product (GDP), equivalent to one out of every six dollars spent on the U.S. economy. The Journal of Managed Care and Specialty Pharmacy reports an estimated $262 billion in claims are denied annually by payers in the United States. The National Health Care Anti-Fraud Association estimates the annual cost of healthcare accounts for an estimated 3% to 10% of all expenditures, or $147 – $490 billion annually. Data breaches among healthcare and medical insurance companies that expose sensitive personal information for millions of Americans occur routinely. The Department of Health and Human Services (HHS) Office for Civil Rights (OCR) published that 725 breaches compromised over 133 million records across healthcare and insurance companies. The Solum Global electronic health wallet addresses these challenges by providing a secure, blockchain-powered solution that streamlines transactions, reduces fraud, and enhances data protection. By providing individuals with greater control over their health information, Solum Global is setting a new standard for security and efficiency in healthcare.

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

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

    Contacts:

    Investor Relations
    Hanover International
    ka@hanoverintlinc.com

    Media Contact
    media@solum.global

    The MIL Network –

  • MIL-OSI: INVL Renewable Energy Fund I will publicly offer EUR 8 million of bonds via REFI Energy

    Source: GlobeNewswire (MIL-OSI)

    The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading alternative asset manager in the Baltics, will start the public offering of an EUR 8 million bond issue on 4 February through REFI Energy, a company it owns. The bonds will be offered to private and institutional investors in the Baltic countries. The proceeds will go to refinance previously issued bonds.

    The bond issue has a maturity of 2.5 years. The fixed interest rate on the debt securities will be set in the range of 7.5% to 8.5% and announced at completion of the offering. Interest will be paid quarterly to investors. The INVL Renewable Energy Fund I will provide guarantees to all holders of the bonds.

    “The fund continues actively developing renewable energy projects – the construction of solar power plants – in Romania and Poland. A successful offering of the new bonds will allow us not only to carry out the planned projects but also to reduce debt costs by refinancing bonds issued in 2023,” says Liudas Liutkevičius, Managing Partner of the INVL Renewable Energy Fund I.

    The bonds of the company owned by the INVL Renewable Energy Fund I will be offered to investors from 4 February until 1 p.m. on 17 February. The manager and distributor of the public bond offering is Šiaulių Bankas. The certified advisor to the issuer is the law firm TGS Baltic, while the bondholders’ trustee is the company Audifina. Within 3 months of the completion of the offering, the debt securities will be listed on the First North alternative securities market operated by Nasdaq Vilnius.

    More details about the bonds issue and the offering process are available at www.invlrenewable.com  in the section for Investors relations

    An online webinar for investors and question-and-answer session will be held on 10 February at 10 a.m. The link to the presentation is here. The presentation will be held in English.

    The fund’s company REFI Energy raised EUR 3.5 million from investors in late June 2023 in a private placement of 2-year 9.5% fixed-rate bonds. In September of the same year, the company entered the public bond market and raised EUR 4.5 million in a public offering of bonds with the same maturity. Those bonds, offered only in Lithuania, have a yield of 10%. Both issues were carried out under the General Terms and Conditions for EUR 8 million of REFI Energy Bonds.

    The INVL Renewable Energy Fund I is focusing on the Polish and Romanian markets, where the fund’s managers see big growth potential. Total capacity of the fund’s portfolio of projects in development in these markets is 388 MW.

    In Romania, the fund is investing in projects for 8 solar plants with a combined capacity of 356 MW. In Poland, it is developing solar park projects with over 32 MW of capacity. Investments in the projects in Romania and Poland are expected to exceed EUR 258 million. Construction of all the solar parks in those countries should be completed by the end of the first quarter of 2027.

    To date the INVL Renewable Energy Fund I has raised EUR 73.9 million from investors through investment units and bonds. 

    About the INVL Renewable Energy Fund I 

    The INVL Renewable Energy Fund I was established on 20 July 2021 by INVL Asset Management, the leading alternative asset manager in the Baltic States, as a sub-fund for informed investors. It invests in early- and mid-stage renewable energy projects (solar), including the construction of new power plants, the development and/or acquisition of the infrastructure necessary for the operation of power plants, and effective management of existing power plants in the European Union and member states of the European Economic Area. 

    INVL Asset Management is part of Invalda INVL, the leading Baltic asset management group.

    Further information:
    Liudas Liutkevičius
    Managing Partner of the INVL Renewable Energy Fund I
    liudas.liutkevicius@invl.com

    The MIL Network –

  • MIL-OSI: StoneX Completes Acquisition of Octo Finances

    Source: GlobeNewswire (MIL-OSI)

    LONDON and PARIS, Feb. 03, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (the “Company”; NASDAQ: SNEX) today announced the completion of its acquisition of Octo Finances SA (“Octo Finances”), which will further expand the Company’s offering in fixed income and strengthen its capabilities in Europe.

    “We’re thrilled to officially welcome Octo Finances to StoneX Group and believe the company will provide us with significant new capabilities. Our joint planning is well underway, and we are excited by the opportunities for growth for the combined business in Europe,” said Anthony Di Ciollo, Global Head of Fixed Income at StoneX.

    Octo Finances is a leading fixed income broker based in Paris, France. The company has expertise in bond and convertible sales, debt capital markets and credit research, having published over 75,000 reports since their founding in 1991.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,500 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.

    About Octo Finances SA

    Octo Finances SA is a premier fixed income brokerage firm based in Paris, France, specializing in bond and convertible sales, debt capital markets, and credit research. Established in 1991, Octo Finances has built a robust client base that includes banks, insurance companies, private debt funds, mutual funds, and private wealth managers. With a commitment to delivering exceptional client service and market insights, Octo Finances continues to be a trusted partner in the financial services industry.

    Investor inquiries:
    Kevin Murphy
    (212) 403 – 7296
    kevin.murphy@stonex.com

    SNEX-G

    The MIL Network –

  • MIL-OSI: Sophos Completes Secureworks Acquisition

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom and ATLANTA, Feb. 03, 2025 (GLOBE NEWSWIRE) — Sophos and Secureworks® (NASDAQ:SCWX), two global cybersecurity pioneers that have innovated and redefined services and technology solutions for defeating cyberattacks, today announced the completion of Sophos’ acquisition of Secureworks. The all-cash transaction values Secureworks at approximately $859 million. With the completion of the acquisition, Secureworks’ common stock has ceased trading on Nasdaq. Sophos is backed by Thoma Bravo, a leading software investment firm.

    With this acquisition, Sophos is now the leading pure-play cybersecurity provider of Managed Detection and Response (MDR) services, supporting more than 28,000 organizations of all sizes worldwide. The combination will enable Sophos to deliver an unparalleled security operations platform, featuring hundreds of built-in integrations for adaptive protection, detection and response for mitigating cyberattacks. The open and scalable platform helps organizations, especially those with diverse IT estates, safeguard current and future technology investments, providing greater operational efficiencies and return on cybersecurity spend. Sophos X-Ops is also expanding its threat intelligence and security services capabilities with the addition of the Secureworks Counter Threat Unit™ and security operations and advisory teams.

    As a channel-first cybersecurity provider, Sophos remains unwavering in its commitment to deliver cutting-edge security services and technologies that empower our global community of resellers, Managed Service Providers (MSPs) and Managed Security Services Providers (MSSPs). This includes expanding their reach, enhancing operational scalability and providing stronger defenses to the countless organizations that need the ability to effectively defend against today’s constant and complex cyberattacks.

    “The market is embracing MDR as a clear means to deliver positive cybersecurity outcomes, and this has meant rapid growth in the category,” said Joe Levy, CEO, Sophos. “Sophos is differentiated by our very mature competencies in ransomware detection, malware analysis and threat actor tradecraft. These defenses are further augmented by Sophos’ native artificial intelligence (AI), first innovated by our globally peer recognized AI team nearly a decade ago, and embedded in our MDR, endpoint, network, email, and cloud security to more effectively neutralize and stop threats. With the integration of Secureworks, our expanded services and product portfolio will provide even stronger end-to-end security solutions that will include identity threat detection and response (ITDR), next-gen SIEM and managed risk, all in a single open platform.

    “We will also be able to further advance our AI, threat intelligence and attack research through more diverse and deeper global telemetry that is analyst-tuned for the real-world. At every level, we are very excited about this next accelerated chapter for Sophos.”

    Available Now
    In the near term, Sophos and Secureworks are operating business as usual, working with our respective channel partners, MSPs and MSSPs worldwide to distribute our existing security services and technology. Both companies’ sales and customer experience groups will operate to support existing customers, assist with renewals and develop current and new business opportunities. Sophos protects more than 600,000 customers worldwide with its portfolio of MDR, endpoint, network, email, and cloud security solutions that integrate and adapt to provide real-time defense through the Sophos Central platform.

    Transaction Details
    Under the terms of the agreement, Sophos acquired Secureworks in an all-cash transaction valued at approximately $859 million. Secureworks shareholders, including Dell Technologies (NYSE:DELL), will receive $8.50 per share in cash. This represents a 28% premium to the unaffected 90-day volume-weighted average price (VWAP).

    Kirkland & Ellis LLP acted as legal counsel to Sophos, Goldman Sachs & Co. LLC., Barclays, BofA Securities, HSBC Securities (USA) Inc., and UBS Investment Bank acted as financial advisors and provided debt financing for the transaction. Piper Sandler & Company and Morgan Stanley & Co. LLC acted as financial advisors to Secureworks, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks. The company acquired Secureworks in February 2025, bringing together two pioneers that have redefined the cybersecurity industry with their innovative, native AI-optimized services, technologies and products. Sophos is now the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. In addition to MDR and other services, Sophos’ complete portfolio includes industry-leading endpoint, network, email, and cloud security that interoperate and adapt to defend through the Sophos Central platform. Secureworks provides the innovative, market-leading Taegis XDR/MDR, identity threat detection and response (ITDR), next-gen SIEM capabilities, managed risk, and a comprehensive set of advisory services. Sophos sells all these solutions through reseller partners, Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) worldwide, defending more than 600,000 organizations worldwide from phishing, ransomware, data theft, other every day and state-sponsored cybercrimes. The solutions are powered by historical and real-time threat intelligence from Sophos X-Ops and the newly added Counter Threat Unit (CTU). Sophos is headquartered in Oxford, U.K. More information is available at www.sophos.com. 

    Cautionary Statement Regarding Forward-Looking Statements
    This communication includes certain disclosures which contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to certain statements related to the merger of the wholly-owned subsidiary of Sophos, Inc., a Massachusetts corporation (“Parent”) with and into Secureworks Corp. (the “Company”), with the Company continuing as the surviving corporation and a wholly-owned subsidiary of Parent (the “Merger”). In most cases, you can identify these statements by forward-looking words such as “anticipate,” “believe,” “confidence,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,” “outlook,” “should,” and “would,” or similar words or expressions that refer to future events or outcomes. These forward-looking statements, including certain statements regarding the Merger and its effects, are based largely on information currently available to our management and our management’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from historical results or those expressed or implied by such forward-looking statements. Although we believe our expectations are based on reasonable estimates and assumptions, they are not guarantees of performance. There is no assurance that our expectations will occur or that our estimates or assumptions will be correct, and we caution investors and all others not to place undue reliance on such forward-looking statements. Important factors, risks and uncertainties that could cause actual results to differ materially from such plans, estimates or expectations include but are not limited to: (i) potential adverse reactions or changes to business relationships resulting from the completion of the Merger; (ii) legislative, regulatory and economic developments; (iii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or the COVID-19 pandemic and other public health issues, as well as management’s response to any of the aforementioned factors; (iv) the impact of inflation, rising interest rates, and global conflicts, including disruptions in European economies as a result of the Ukrainian/Russian conflict and the ongoing conflicts in the Middle East, the relationship between China and Taiwan and ongoing trade disputes between the United States and China; (v) there may be liabilities that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (vi) those risks and uncertainties set forth under the headings “Cautionary Note Regarding Forward Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by the Company with the Securities and Exchange Commission (the “SEC”) from time to time, which are available via the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other forward-looking statements. The forward-looking statements relate only to events as of the date on which the statements are made. Neither Parent nor the Company undertakes to update, and expressly disclaim any obligation to update, any forward-looking statements, whether resulting from circumstances or events that arise after the date the statements are made, new information, or otherwise. If one or more of these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may vary materially from what we may have expressed or implied by these forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect Parent or the Company.

    Media Contacts
    Kelly Kane, Director of Public Relations, Americas: Kelly.Kane@sophos.com 
    Samantha Powers, VP of Public Relations: Sophos@walkersands.com 

    The MIL Network –

  • MIL-OSI: MARA Announces Bitcoin Production and Mining Operation Updates for January 2025

    Source: GlobeNewswire (MIL-OSI)

    218 Blocks Won in January, 12% Decrease M/M
    Increased BTC Holdings to 45,659 BTC

    Fort Lauderdale, FL, Feb. 03, 2025 (GLOBE NEWSWIRE) — MARA (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“BTC”) production and mining operation updates for January 2025.

    Management Commentary

    “In January, our production saw a 12% month-over-month decline in blocks won, largely due to fluctuations in network difficulty and intermittent curtailment,” said Fred Thiel, MARA’s chairman and CEO. “After a very busy end of 2024 during which we relocated and brought online over 100,000 miners, our energized hashrate remained consistent with December, as no new miners were brought online during the month.

    “We remain focused on optimizing our fleet and implementing strategic enhancements to drive long-term efficiency and performance. At Wolf Hollow, Texas, we successfully completed the conversion of over 230 containers to immersion cooling, achieving high uptime with our S21 Pro immersion miners. These fleet upgrades not only enhance efficiency but also increase hashrate without additional power consumption. Meanwhile, at our Kearney, Nebraska site, we are nearing full conversion to S21 Pros, which we expect to improve fleet efficiency significantly.

    “Looking ahead, we are committed to expanding our mining capacity in 2025 and further strengthening our position as a leader in the BTC mining industry. Our strategy will prioritize near net zero cost energy solutions, and we look forward to sharing more on our earnings call at the end of the month.”

    Operational Highlights and Updates

    Figure 1: Operational Highlights

        Prior Month Comparison
    Metric   1/31/2025   12/31/2024   % Δ
    Number of Blocks Won 1   218     249             (12)%
    BTC Produced 2   750     865             (13)%
    Average BTC Produced per Day   24.2     27.9             (13)%
    Share of available miner rewards 3           5.1 %           5.9 %   NM
    Transaction Fees as % of Total 1           1.6 %           2.7 %   NM
    Energized Hash Rate (EH/s) 1   53.2     53.2             —         %
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Includes our share of production from joint venture partnerships.
    3. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    Investor Notice

    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our strategy, expected improvements in miner fleet efficiency and expansion of mining capacity in 2025. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:

    Email: marathon@wachsman.com

    The MIL Network –

  • MIL-OSI: Gevo Completes Acquisition of Red Trail Energy Assets in North Dakota, Expanding a Burgeoning Portfolio of Energy Assets

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., Feb. 03, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading developer of hydrocarbon fuels and chemicals with net-zero greenhouse gas emissions, is pleased to announce that it has acquired the ethanol production plant and carbon capture and sequestration (“CCS”) assets of Red Trail Energy, LLC (“Red Trail Energy”) for an aggregate purchase price of $210 million, subject to customary adjustments, including a working capital adjustment. The acquired assets include the plant, pore space, and we are bringing on their experienced operational personnel. In addition to creating another strategic option for economic and competitively advantaged sustainable aviation fuel (“SAF”) facilities, this acquisition is expected to contribute $30 million to $60 million of Adjusted EBITDA(1) to Gevo annually. The acquired assets are being renamed “Net-Zero North.”

    “This transformational acquisition marks the start of Net-Zero North,” said Gevo Chief Executive Officer, Patrick Gruber. “Looking forward, this is a great site to expand the plant to produce SAF, along with other additional co-located projects. We like the potential annual Adjusted EBITDA of $30 million to $60 million, synergies with the existing Gevo platform of assets, and having CCS assets in the Gevo portfolio as a risk mitigation tool for carbon sequestration for our Net-Zero 1 (“NZ1”) plant under development in South Dakota. The proven CCS site will allow us to permanently sequester biogenic carbon dioxide to produce US products with the highest quantity and quality of carbon abatement to address a growing global market demand. Net-Zero North is a key step on our path to becoming self-sustaining and profitable as a company in advance of our NZ1 project coming online.”

    The transaction was funded with a combination of Gevo equity capital and a $105 million senior secured term loan facility from Orion Infrastructure Capital (“OIC”), a U.S.-based private investment firm. OIC has also indicated interest in providing up to an additional $100 million in debt for future growth projects at Net-Zero North that are mutually agreed upon. In addition, OIC is investing $5 million in equity at Net-Zero North, which is in addition to the equity contributed by Gevo. The investment comes from OIC’s Infrastructure Credit Strategy, which provides non-dilutive and flexible capital to middle market infrastructure businesses in North America. The strategy seeks to capitalize on the growing need for investment and innovation in sustainable Infrastructure in North America.

    “We are thrilled to partner with the Gevo team on this acquisition,” said Ethan Shoemaker, Investment Partner and Head of Infrastructure Credit at OIC. “The Net-Zero North assets bring together operating carbon sequestration, a strong track record of profitability, near-term upside from their industry-leading carbon intensity score, a strong operating team, and room to grow. We are also excited about the potential synergies and incremental value that the Gevo team and platform of assets brings to the Net-Zero North business.”

    “North Dakota is a state that understands both energy and agriculture, and that they are synergistic,” Gruber said. “We expect to continue to partner with the community to grow the business as they’re a resource that understands how oil and gas, pipelines, carbon capture, and regenerative agriculture all fit together. Net-Zero North provides the fundamental pieces of the puzzle towards cost-effective energy production, such as SAF, while addressing the market demand for cost effective, lower-carbon-footprint products.”

    “We’re taking on a first-class operation from the previous owners, with an exemplary safety record and excellent people to back it up,” said Chris Ryan, President and Chief Operating Officer of Gevo. “The operations team have done a great job, and we’re excited they’re continuing on with us. We are already in engineering development for a Net-Zero alcohol-to-jet (“ATJ”) SAF plant to be built at the site.”

    “Net-Zero North is one of a select few ethanol plants in the U.S., of which we are aware, that are expected to maximize value from carbon abatement, including under Section 45Z,” explained Ryan. “Net-Zero North, with its efficient operating profile and CCS, is projected to achieve a carbon intensity (“CI”) score in the low 20s (not including improved agricultural results that farmers can achieve using regenerative agriculture practices) using the variation of the GREET model proposed in the Section 45Z rule. We believe that is about 30 CI points lower than the best plants that are not connected to CCS. British Columbia previously scored the Net-Zero North plant at a CI of 19. This is a great starting point to expand Gevo’s business.”

    Advisors
    Ocean Park Securities, LLC acted as exclusive financial advisor and sole lead arranger on the debt financing for Gevo.

    Acquisition Conference Call
    A conference call will be held on Monday, February 3, 2025, at 10:00am ET to discuss the acquisition.

    To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI174d9b6ef4074fed9db695b122abda12

    After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/7e4padot

    A webcast replay will be available after the conference call ends on February 3, 2025. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com..

    Further information regarding the acquisition and accompanying debt financing is included in the Current Report on Form 8-K, which Gevo will file with the U.S. Securities and Exchange Commission (the “SEC”).

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent CCS facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo’s market driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    About OIC
    With approximately $5 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, and transportation, storage & logistics. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of approximately 45 professionals based in New York, Houston, and London.

    Forward Looking Statements
    This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected operation of Net-Zero North, the expected effect of the acquisition on Adjusted EBITDA, the expected annual Adjusted EBITDA from Net-Zero North, and our future prospects as a combined company, including our plans for the site and synergies with our other projects. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

    These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

    Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, the risk that anticipated benefits, including synergies, from the acquisition may not be fully realized or may take longer to realize than expected, including that the transaction may not be accretive within the expected timeframe or to the extent anticipated; failure to successfully integrate the acquired assets and employees; changes in legislation or government regulations affecting the future operations of the acquired assets; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the SEC. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

    We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

    Media Contact
    Heather Manuel
    Vice President, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    Vice President of Corporate Development
    IR@Gevo.com

    (1) Adjusted EBITDA is a non-GAAP measure calculated as earnings before interest, taxes, depreciation and amortization, inclusive of the value of monetizable tax credits such as Sections 45Q and 45Z and excluding project development costs.

    The MIL Network –

  • MIL-OSI: Apollo to Present at the Bank of America Securities 2025 Financial Services Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Scott Kleinman, Co-President of Apollo Asset Management, will participate in a fireside chat at the Bank of America Securities Financial Services Conference on Tuesday, February 11, 2025 at 8:50 am ET.

    A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: Color Star VP Attended The 2025 Davos World Economic Forum

    Source: GlobeNewswire (MIL-OSI)

    New York , Feb. 03, 2025 (GLOBE NEWSWIRE) — During the 2025 Davos World Economic Forum (WEF), artificial intelligence (AI), financial investments, and social ventures have emerged as central topics of conversation among global business and technology leaders. Ren Pelosi, Vice President of Color Technology was invited to participate in a series of discussions at Davos. In a special interview on ESG TV, Ren shared her career transformation journey—from a Wall Street trader to a social impact investor and tech innovator—while delving into high tech and AI’s potential to drive economic growth and societal change. She also explored how investors can seize opportunities presented by technological advancements.

    In her interview on ESG TV, Ren discussed how her financial expertise has enabled her to integrate technological innovation and social impact into investment strategies, creating long-term value. She remarked, “I have always believed in the power of capital, but today’s investments are not just about financial returns; they’re about driving technological progress, sustainability, and social change. AI is reshaping industries, and we stand at the forefront of this revolution.” As a seasoned investor and entrepreneur, Ren has long focused on how technology can drive social change. With extensive experience in Wall Street financial trading and investing, she is also committed to combining social ventures and tech innovation. She has organized and led multiple social impact investing forums, helping emerging tech companies balance sustainability and commercial success. “Technology and capital are reshaping our society. Cutting-edge technologies like AI and blockchain are not only transforming businesses but also making social impact investing possible. Investors need a deeper foresight to capitalize on this wave of technological change.”

    As an investor with a deep financial market background, Ren pointed out that traditional investment logic is being upended, with more capital flowing toward ESG-friendly enterprises. The rise of AI and digital tools has provided new opportunities for impact investing. In the discussion, Ren highlighted her involvement with Color Technology,. Initially focused on traditional offline entertainment, Color successfully completed a transformation during the pandemic, expanding into online entertainment. Now, with the rapid rise of AI, Color Star aims to drive industry change through AI-powered entertainment innovations, creating more personalized and immersive experiences for audiences. In Ren’s view, Color Star represents a new business model—using AI technology to enhance content production efficiency, optimize user experiences, and create a more interactive and immersive entertainment ecosystem.

    “The entertainment industry is evolving at an unprecedented pace,” Ren stated in the interview. “AI is not just improving content production efficiency; more importantly, it’s redefining how audiences interact, enhancing personalized recommendations and immersive experiences. Companies like Color are at the forefront of this transformation, using AI to build the next-generation entertainment ecosystem.”

    Color’s current AI explorations include:

    • Smart Content Creation: AI enables the production of creative content such as music, scripts, and videos, increasing efficiency for creators.
    • Personalized Recommendation Algorithms: AI analyzes user preferences to deliver precise content suggestions.
    • Immersive Entertainment Experiences: Integrating VR/AR and AI to create more interactive future entertainment models.

    Ren is also actively involved in the Social Ventures sector and promotes global impact investing. She emphasized that AI is not only empowering companies like Color but also upgrading the entire investment ecosystem. In several discussions during Davos, Ren repeatedly stressed the need for investors to focus on the long-term societal and corporate impacts of technology, rather than just short-term returns. The companies that balance innovation, profitability, and social responsibility will be the true winners. She has long advocated for capital to support sustainable development, technological innovation, and socially responsible enterprises, and has organized industry forums to help high-potential companies secure investments and resources. “The future market will be dominated by businesses that create both commercial value and social impact. Whether it’s AI in entertainment or blockchain in financial services, we must view the impact of technology from a long-term perspective.”

    As the 2025 Davos Forum draws to a close, Ren’s core message is becoming ever clearer: The future belongs to those who dare to innovate and embrace AI, driving technological advancements and social impact investing. She calls on investors, entrepreneurs, and related players to embrace technological innovation, deeply explore the potential of AI, and ensure that technological progress aligns with ethics and sustainability.

    With her expertise in finance, investment, and technology, Ren is part of the global discussions on the AI revolution, digital innovation, and the future of the entertainment industry.

    Color Deepens AI Empowerment, Shaping the New Era of Entertainment

    As AI technology evolves, Color Star will continue to deepen its application of AI in content production, user experience optimization, and entertainment interaction, ensuring the company maintains its leadership in the global entertainment industry.

    “We are at a critical time in reshaping the entertainment industry,” Ren said. “Color Star will continue to invest in AI and technological innovation, exploring how to use artificial intelligence to create more personalized, immersive, and global entertainment experiences.”

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

    Forward-Looking Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    For more information, please contact:
    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621        
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Charter Oak Wealth Partners

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that the advisors at Charter Oak Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Academy Financial. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.

    Based in Hartford County, Conn., Charter Oak Wealth Partners was founded in 2016 by Gary Paul, CRPC®, although the practice’s roots date back more than 50 years. Paul is joined by fellow advisors Gary Salva, Bill Matzinger and Chris Scuderi, and they are supported by Client Relationship Manager Lori Tedone. Together, they provide comprehensive financial planning and investment services for individuals, families and businesses.

    “We are committed to maintaining the highest standards of integrity and professionalism in our relationship with our clients,” Paul said. “We endeavor to know and understand our clients’ financial situations and provide them with only quality information, services and products to help them pursue their goals.”

    The team at Charter Oak Wealth Partners turned to LPL after extensive market research to enhance service capabilities and propel the next phase of its development. Like Academy Financial, which joined LPL in August, the Charter Oak team has stood by its longtime mission of, “Serve first, last and always.”

    “We’re excited to tap into LPL’s vast resources and services to provide our clients with elevated experiences,” said Paul. “We chose LPL for its stability as a Fortune 500 company, along with its strategic support, innovative technology and shared focus on putting clients first. Add to that the additional resources and support from Academy, and we believe we are in a prime position to enhance our offering, grow the business and serve clients better than ever.”

    Academy Financial Partner Brent J. Kvech stated, “We’re excited for the opportunity to work with the Charter Oak team and grow our firm together. This is a team that shares our values of putting clients first and foremost, and we found that to be a perfect alignment. We believe this relationship will strengthen our firm and add value to clients.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome the Charter Oak team to the LPL community and congratulate Academy Financial on its continued growth. We are committed to delivering robust resources, business solutions and innovative capabilities that help our advisors differentiate their practice and succeed at every stage of their business’ lifecycle. We look forward to a long-lasting relationship with the entire team at Charter Oak Wealth Partners.”

    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. Charter Oak Wealth Partners, Academy Financial and LPL are separate entities.

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

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

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

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

    Tracking #682659

    The MIL Network –

  • MIL-OSI Global: 3 ways the Trump administration could reinvest in rural America’s future, starting with health care

    Source: The Conversation – USA – By Randolph Hubach, Professor of Public Health, Purdue University

    Rural America can be idyllic, but many communities still need support. Mint Images via Getty Images

    Rural America faces many challenges that Congress and the federal government could help alleviate under the new Trump administration.

    Rural hospitals and their obstetrics wards have been closing at a rapid pace, leaving rural residents traveling farther for health care. Affordable housing is increasingly hard to find in rural communities, where pay is often lower and poverty higher than average. Land ownership is changing, leaving more communities with outsiders wielding influence over their local resources.

    As experts in rural health and policy at the Center for Rural and Migrant Health at Purdue University, we work with people across the United States to build resilient rural communities.

    Here are some ways we believe the Trump administration could work with Congress to boost these communities’ health and economies.

    1. Rural health care access

    One of the greatest challenges to rural health care is its vulnerability to shifts in policy and funding cuts because of rural areas’ high rates of Medicare and Medicaid beneficiaries.

    About 25% of rural residents rely on Medicaid, a federal program that provides health insurance for low-income residents. A disproportionate share of Medicare beneficiaries – people over 65 who receive federal health coverage – also live in rural areas. At the same time, the average health of rural residents lags the nation as a whole.

    Rural clinics and hospitals

    Funding from those federal programs affects rural hospitals, and rural hospitals are struggling.

    Nearly half of rural hospitals operate in the red today, and over 170 rural hospitals have closed since 2010. The low population density of rural areas can make it difficult for hospitals to cover operating costs when their patient volume is low. These hospital closures have left rural residents traveling an extra 20 miles (32 km) on average to receive inpatient health care services and an extra 40 miles (64 km) for specialty care services.

    The government has created programs to try to help keep hospitals operating, but they all require funding that is at risk. For example:

    • The Low-volume Hospital Adjustment Act, first implemented in 2005, has helped numerous rural hospitals by boosting their Medicare payments per patient, but it faces regular threats of funding cuts. It and several other programs to support Medicare-dependent hospitals are set to expire on March 31, 2025, when the next federal budget is due.

    • The rural emergency hospital model, created in 2020, helps qualifying rural facilities to maintain access to essential emergency and outpatient hospital services, also by providing higher Medicare payments. Thus far, only 30 rural hospitals have transitioned to this model, in part because they would have to eliminate inpatient care services, which also limits outpatient surgery and other medical services that could require overnight care in the event of an emergency.

    Rural emergency hospitals can get extra funding, but there’s a catch: They have no inpatient beds, so people in need of longer care must go farther.
    AP Photo/Rogelio V. Solis

    Services for pregnant women have also gotten harder to find in rural areas.

    Between 2011 and 2021, 267 rural hospitals discontinued obstetric services, representing 25% of the United States’ rural obstetrics units. In response, the federal government has implemented various initiatives to enhance access to care, such as the Rural Hospital Stabilization Pilot Program and the Rural Maternal and Obstetric Management Strategies Program. However, these programs also require funding.

    Expanding telehealth

    Before the COVID-19 pandemic, telehealth – the ability to meet with your doctor over video – wasn’t widely used. It could be difficult for doctors to ensure reimbursement, and the logistics of meeting federal requirements and privacy rules could be challenging.

    The pandemic changed that. Improving technology allowed telehealth to quickly expand, reducing people’s contact with sick patients, and the government issued waivers for Medicare and Medicaid to pay for telehealth treatment. That opened up new opportunities for rural patients to get health care and opportunities for providers to reach more patients.

    However, the Medicare and Medicaid waivers for most telehealth services were only temporary. Only payments for mental and behavioral health teleheath services continued, and those are set to expire with the federal budget in March 2025, unless they are renewed.

    One way to expand rural health care would be to make those waivers permanent.

    Increasing access to telehealth could also support people struggling with opioid addiction and other substance use disorders, which have been on the rise in rural areas.

    2. Affordable housing is a rural problem too

    Like their urban peers, rural communities face a shortage of affordable housing.

    Unemployment in rural areas today exceeds levels before the COVID-19 pandemic. Job growth and median incomes lag behind urban areas, and rural poverty rates are higher.

    Rural housing prices have been exacerbated by continued population growth over the past four years, lower incomes compared with their urban peers, limited employment opportunities and few high-quality homes available for rent or sale. Rural communities often have aging homes built upon outdated or inadequate infrastructure, such as deteriorating sewer and water lines.

    Rental homes in older towns can become run down. Community maintenance of pipes and other services also requires funding.
    LawrenceSawyer/E+ via Getty Images

    One proposal to help people looking for affordable rural housing is the bipartisan Neighborhood Homes Investment Act, which calls for creating a new federal tax credit to spur the development and renovation of family housing in distressed urban, suburban and rural neighborhoods.

    Similarly, the Section 502 Direct Loan Program through the U.S. Department of Agriculture, which subsidizes mortgages for low-income applicants to obtain safe housing, could be expanded with additional funding to enable more people to receive subsidized mortgages.

    3. Locally owned land benefits communities

    Seniors age 65 and older own 40% of the agricultural land in the U.S., according to the American Farmland Trust. That means that more than 360 million acres of farmland could be transferred to new owners in the next few decades. If their heirs aren’t interested in farming, that land could be sold to large operations or real estate developers.

    That affects rural communities because locally owned rural businesses tend to invest in their communities, and they are more likely to make decisions that benefit the community’s well-being.

    A farmer carries organic squash during harvest. Young farmers often struggle to find land to expand their operations.
    Thomas Barwick/Stone via Getty Images

    Congress can take some steps to help communities keep more farmland locally owned.

    The proposed Farm Transitions Act, for example, would establish a commission on farm transitions to study issues that affect locally owned farms and provide recommendations to help transition agricultural operations to the next generation of farmers and ranchers.

    About 30% of farmers have been in business for less than 10 years, and many of them rent the land they farm. Programs such as USDA’s farm loan programs and the Beginning Farmer and Rancher Development Program help support local land purchases and could be improved to identify and eliminate barriers that communities face.

    We believe that by addressing these issues, Congress and the new administration can help some of the country’s most vulnerable citizens. Efforts to build resilient and strong rural communities will benefit everyone.

    Randolph Hubach receives funding from the National Institutes of Health and the Health Resources and Services Administration.

    Cody Mullen receives funding from the Health Resources and Services Administration. He is affiliated with the National Rural Health Association.

    – ref. 3 ways the Trump administration could reinvest in rural America’s future, starting with health care – https://theconversation.com/3-ways-the-trump-administration-could-reinvest-in-rural-americas-future-starting-with-health-care-245451

    MIL OSI – Global Reports –

  • MIL-OSI: Latest CarGurus Brand Campaign Celebrates Life’s Big Deal Moments, Like Buying or Selling a Car

    Source: GlobeNewswire (MIL-OSI)

    The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal

    BOSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited site for shopping, buying, and selling new and used cars1, today announced the launch of its latest national brand campaign, “Big Deal”, recognizing the important role cars play in people’s lives and the significance of making the right decision during a purchase or sale. The new spots empathize with the big decisions drivers make along the buy/sell journey to reach their ideal outcome, underscoring CarGurus’ role in helping consumers find the best deal on their big deal.

    “CarGurus has joined drivers along this important journey for nearly two decades, developing the best tools and information to help consumers feel confident in their decisions as a growing share prefer to do more online before going to the dealership,” noted Dafna Sarnoff, CarGurus Chief Marketing Officer. “As a result, CarGurus has earned the trust of tens of millions of monthly users who turn to our site to make sure they find the best deal for their needs.”

    CarGurus is the No. 1 most visited car-shopping site1, connecting buyers to the best deals by providing complete vehicle history and unbiased deal ratings on the largest selection of new and used vehicles in the U.S.2 Added tools like price drop alerts and the ability to finance in advance enable confident decision-making in one of the biggest purchases of a person’s life. The platform also supports sellers with car pricing tools and the ability to instantly receive multiple offers to sell their car either completely online or through a local dealer in select markets, empowering them to choose the best deal.

    “Although CarGurus makes the process easy with all the tools and information you need to get the best deal, we don’t want to lessen the gravity of the purchase and its significant impact on people’s lives. Buying or selling a car is a huge decision, an emotional experience that we wanted to reflect in this campaign,” said Carter Collins, Partner and Managing Director of Bindery. “Beyond the excitement of working with the No. 1 most visited car shopping site1, partnering with the CarGurus team has been one of our most rewarding and close-knit experiences to date.”

    The “Big Deal” campaign will run across TV networks and connected TV providers. The spots will be supplemented with digital and social executions, including influencer programs throughout the year. View the full campaign video library here: https://cargur.us/19jlLY.

    Creative Credits:

    CarGurus

    • Dafna Sarnoff, Chief Marketing Officer
    • Evan Jones, Creative Director
    • Allison Conroy, Brand Marketing Director
    • Carli Riibner, Sr Brand Marketing Specialist
    • Maggie Meluzio, Director of Public Relations

    Creative and Production – Bindery

    • Carter Collins, Partner, Managing Director
    • Kim Devall, Executive Creative Director
    • Laura Hockstad, Producer
    • Chris Hilk, Editor

    Production – Ruffian

    • Bubble & Squeak, Director
    • Robert Herman, Founder, EP
    • Leslie Vaughn, Line Producer
    • Paul Meyers, Director of Photography
    • Craig Pinckes, 1st Assistant Director

    Production Services – Habitant

    • Arturo Arroyo, Managing Director
    • Montserrat Becerril, Chief of Staff
    • Elizabeth Tapia, Head of Production
    • Ivan Perez, Executive Producer
    • Andrea Fumero, Line Producer
    • Rodrigo Sánchez, Production Manager

    Color + VFX – Trafik

    • Daniel de Vue, Senior Colorist
    • Ali Soofi, Assistant Colorist
    • Geoff Linville, Color Producer
    • Greer Bratschie, Head of Production
    • Karena Ajamian, Executive Producer
Ciaran Birks, VFX Producer
    • Jaime Aguirre, Flame Lead
    • Ben Fall, Flame Assist

    Animation and Text Graphics – Buff Motion

    Sound – Antfood

    • Wilson Brown, Partner, Executive Creative Director
    • Sue Lee, Executive Producer
    • Joshua Heath, Creative Lead
    • Dalton Harts, Composer, Mix Engineer
    • Linton Smith, Mix Engineer
    • Trevor Haimes, Senior Producer
    • Charlie Blasberg, Music Supervisor
    • Katie Hansen, Production Coordinator

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    ¹ Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q3 2024, U.S.
    ² Compared to Autotrader.com, Cars.com, TrueCar.com (YipitData as of September 30, 2024), and CarFax (Joreca as of September 30, 2024)

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1267674-ed08-44a3-a107-cde3ff19ccdb

    The MIL Network –

  • MIL-OSI: ASML reports transactions under its current share buyback program

    Source: GlobeNewswire (MIL-OSI)

    ASML reports transactions under its current share buyback program

    VELDHOVEN, the Netherlands – ASML Holding N.V. (ASML) reports the following transactions, conducted under ASML’s current share buyback program.

    Date Total repurchased shares Weighted average price Total repurchased value
    27-Jan-25 – – –
    28-Jan-25 – – –
    29-Jan-25 – – –
    30-Jan-25 91,825 €705.85 €64,814,704
    31-Jan-25 89,575 €723.57 €64,814,150

      
    ASML’s current share buyback program was announced on 10 November 2022, and details are available on our website at https://www.asml.com/en/news/share-buybacks

    This regular update of the transactions conducted under the buyback program is to be made public under the Market Abuse Regulation (Nr. 596/2014).

    Media Relations Contacts Investor Relations Contacts
    Monique Mols, phone +31 6 528 444 18 Jim Kavanagh, phone +31 6 1524 9925
      Pete Convertito, phone +1 203 919 1714
      Peter Cheang, phone +886 3 659 6771

    The MIL Network –

  • MIL-OSI: DSS, Inc. Issues Letter to Shareholders

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — DSS, Inc. (NYSE American: DSS) a multinational company operating businesses within diversified market sectors that strategically acquires and develops assets to increase shareholder value, today issued the following letter to shareholders:

    Dear Esteemed Shareholders,

    I am pleased to provide you with significant updates regarding the leadership of DSS, Inc. and to outline the strategic direction we are pursuing as a Company.

    It is with great honor that I announce my appointment as Interim Chief Executive Officer of DSS, Inc., effective August 23, 2024. With over 25 years of experience in leadership roles across diverse sectors—ranging from Chief Operating Officer of DSS to President at Premier Packaging Corporation, CEO and Director of DSS Biohealth Holdings, and Chief Business Officer at Impact Biomedical, Inc.—I am eager to guide DSS through its next phase of growth, operational refinement, and market leadership.

    A Clear Vision for the Future

    As we embark on this new chapter, my immediate focus is to optimize operational efficiencies, realign resources, and position DSS, Inc. for sustainable long-term growth. To this end, we have already initiated a series of decisive actions, the results of which are reflected in our most recent earnings report. Below, I have highlighted our key accomplishments and prioritized initiatives moving forward:

    Q3 Financial Performance Highlights – Strengthening Our Business Model

    • Immediate executive action and swift decision making, allowed for DSS to report operating loss for the nine months ended September 30, 2024 had decreased by approximately $1.3 million (8%) compared to the same period in 2023, with a $0.4 million (8%) reduction for the three months ended September 30, 2024, relative to the same period in 2023.
    • The net loss for the nine months ended September 30, 2024, declined by $17.3 million (52%) year-over-year, with a reduction of $1.0 million (15%) for the three-month period.
    • Cash flow from operations showed marked improvement, increasing by $11.8 million (56%) for the nine months ended September 30, 2024. Our net cash position strengthened from $6.9 million to $11.6 million.
    • The successful spin-off of Impact BioMedical, Inc. in September has positioned both entities for future growth within their respective markets.

    Driving Revenue Growth and Operational Excellence

    • Expanding High-Impact Business Lines: We are focusing on the strategic expansion of promising business units, such as Premier Packaging, to fuel continued growth.
    • Exploring Untapped Markets: Our commitment to identifying and investing in high-growth markets will drive the creation of scalable and recurring revenue streams.
    • Enhancing Accountability: We will institute robust, metrics-driven accountability systems across business units to ensure consistent execution on high-priority opportunities.

    Eliminating Inefficiencies and Optimizing Cost Structure

    • Comprehensive Review and Streamlining: A thorough evaluation of all business units is underway to identify underperforming segments. We will restructure, streamline, or divest from non-core areas to reinforce our primary strengths.
    • Process and Technology Optimization: New operational tools and processes will be introduced to reduce inefficiencies, eliminate waste, and increase productivity in procurement, production, and logistics.
    • Targeted Cost Reduction: Our goal is to reduce costs by 15-20% in the upcoming fiscal year, significantly enhancing profitability and reinforcing our financial stability.

    Pioneering Innovation for Competitive Advantage

    • Advancing R&D Initiatives: We will leverage our research and development capabilities to drive cutting-edge solutions in emerging sectors, such as biomedical technologies and sustainable packaging.
    • Cultivating Strategic Partnerships: We are actively forging alliances with key industry players to accelerate the market introduction of innovative products and solutions.
    • Pilot Program Launches: We plan to deploy targeted pilot programs in select regions or sectors to validate new initiatives, enabling us to scale these innovations company-wide.

    Maximizing Shareholder Value with Discipline and Transparency

    • Disciplined Financial Stewardship: We remain unwavering in our focus on delivering consistent growth, profitability, and returns for our shareholders.
    • Commitment to Transparency: You can expect regular, transparent updates on our progress, milestones, and strategic objectives to ensure you remain well-informed at every stage.
    • Exploring Shareholder Rewards: We are actively exploring initiatives designed to directly reward our shareholders for their continued trust and support.

    Leadership Transition

    This moment marks a pivotal turning point for DSS, Inc. With a clear vision, a focused strategy, and an unwavering commitment to execution, we are poised to unlock new opportunities and create sustainable, long-term value for our shareholders.

    Thank you for your ongoing support and confidence in DSS, Inc. I look forward to keeping you informed on our progress in the months ahead. Should you require additional information, please do not hesitate to reach out to our Investor Relations team.

    Sincerely,

    Jason Grady
    Interim Chief Executive Officer
    DSS, Inc.

    Contact: DSS Inc. Investor Relations
    Email: IR@dssworld.com
    Phone: +1 (585) 565-2422

    The MIL Network –

  • MIL-OSI: Vimeo to Report Q4 2024 Earnings and Host Earnings Video Event on February 19, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its fourth quarter and fiscal year 2024 earnings report and earnings video event. After the close of market trading on Wednesday, February 19, 2025, Vimeo will post its results on the Investor Relations section of its website at https://www.vimeo.com/investors. On the same day, at 5:00 p.m. ET, Vimeo will livestream a video conference to answer questions. The live stream and replay of the video will be accessible to the public at https://www.vimeo.com/investors.

    About Vimeo

    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at www.vimeo.com.

    Contact Us

    Vimeo Investor Relations
    ir@vimeo.com

    Vimeo Communications
    Ronda Morra
    press@vimeo.com

    The MIL Network –

  • MIL-OSI: Bel Fuse Schedules Fourth Quarter 2024 Financial Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., Feb. 03, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the fourth quarter after market close on Tuesday, February 18, 2025. An earnings conference call has been scheduled as follows:

    When: Wednesday, February 19, 2025 at 8:30 a.m. ET
       
    Dial in: 877.407.0784, or international: 201.689.8560
       
    Online: https://ir.belfuse.com/events-and-presentations
       
    How: Live over the internet – Simply log on to the web at the address above
       
    Replay: 844.512.2921, or international: 412.317.6671
       
      Conference ID: 13750153
       

    A replay will be available after 12:30 p.m. ET for 30 days following the call.

    About Bel
    Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries. Bel’s product groups include Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Contacts:

    Bel Fuse Inc.

    Lynn Hutkin, VP Financial Reporting & Investor Relations
    ir@belf.com

    Three Part Advisors
    Jean Marie Young, Managing Director
    Steven Hooser, Partner
    jyoung@threepa.com
    shooser@threepa.com

    The MIL Network –

  • MIL-OSI: Concrete Pumping Holdings Announces Closing of Senior Secured Second Lien Notes Offering

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 03, 2025 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and concrete waste management services in the U.S. and U.K., announced that Brundage-Bone Concrete Pumping Holdings, Inc. (the “Issuer”), a wholly-owned subsidiary of the Company, has successfully closed its private offering of $425.0 million in aggregate principal amount of senior secured second lien notes due 2032 (the “Notes”). The Notes were issued at par and bear interest at a fixed rate of 7.500% per annum. The Issuer’s obligations under the Notes will be guaranteed by the Company, Concrete Pumping Intermediate Acquisition Corp. and each of the Issuer’s domestic, wholly-owned subsidiaries that is a borrower under or guarantees the ABL Facility.

    The proceeds of the Notes were used to pay the redemption price for all of the Company’s outstanding 6.000% senior secured second lien notes due 2026 and to pay related fees and expenses thereto. In addition, the remainder of the net proceeds of the Notes, together with cash on hand, will be used to pay a special one-time dividend of $1.00 per share of the common stock of the Company (approximately $53 million in the aggregate) on or about February 3, 2025.

    “The closing of our senior notes refinancing strengthens our balance sheet and represents a significant milestone in our evolution, underscoring our consistent operating performance and healthy free cash flow generation,” said Bruce Young, CEO of CPH. “In the past, we have executed a range of capital allocation priorities, including organic growth investments in our concrete pumping fleet and Eco-Pan, opportunistic M&A, debt reduction and share buybacks. Now, returning excess capital to our shareholders in the form of a special dividend augments our capital allocation strategy and highlights our commitment to driving superior shareholder value. The special dividend also reflects our confidence in the Company’s strong and consistent free cash flow generation, all while maintaining prudent leverage and ample liquidity to invest in our long-term growth strategy.”    

    The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered and sold only to “qualified institutional buyers” in the United States pursuant to Rule 144A of the Securities Act or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act.

    About Concrete Pumping Holdings

    Concrete Pumping Holdings is a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K. markets based on fleet size, primarily operating under what we believe are the only established, national brands in both geographies – Brundage-Bone Concrete Pumping, Inc. for concrete pumping in the U.S., Camfaud Group Limited in the U.K., and Eco-Pan, Inc. for waste management services in both the U.S. and U.K. The Company’s large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate substantial labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan provides a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of October 31, 2024, the Company provided concrete pumping services in the U.S. from a footprint of approximately 90 locations across 22 states, concrete pumping services in the U.K. from 35 locations, and route-based concrete waste management services from 20 locations in the U.S. and one shared location in the U.K.

    Important Notice Regarding Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “expect,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements are based on management’s reasonable current assumptions, expectations and plans regarding the Company’s and the Issuer’s current or future results and future business and economic conditions more generally. Such forward-looking statements involve risks and uncertainties, including the Company’s ability to execute on its strategic growth plan and other factors disclosed in the risk factor sections of the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC, any of which may cause the actual results, levels of activity, performance or achievement of the Company or the Issuer to be materially different from any future results expressed or implied by such forward-looking statements, and there can be no assurance that actual results will not differ materially from management’s expectations. Therefore, you should not rely on any of these forward-looking statements as predictors of future events.

    All forward-looking statements contained in this release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are or were made, and the Company does not intend to update or otherwise revise the forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law. 

    Contact:

    Company:
    Iain Humphries
    Chief Financial Officer
    1-303-289-7497    		 Investor Relations:
    Gateway Investor Relations
    Cody Slach
    1-949-574-3860
    BBCP@gatewayir.com 

    The MIL Network –

  • MIL-OSI: Banzai Completes Acquisition of Vidello, Growing TTM Revenue 59% and Adding $2M in EBITDA

    Source: GlobeNewswire (MIL-OSI)

    Expands Portfolio with Next-Generation Video Creation, Editing, and Marketing Suite

    SEATTLE, Feb. 03, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has successfully closed its previously announced acquisition of Vidello, a technology provider of video hosting and marketing suite solutions for businesses.

    The acquisition is expected to increase Banzai’s revenue by $6.5 million and increase EBITDA by $2 million for the twelve-month period ended December 31, 2024, on a pro-forma basis. Vidello financials are preliminary and unaudited and subject to adjustment.

    Based in London, Vidello offers a comprehensive video hosting and marketing suite that provides entrepreneurs, startups, agencies, and online businesses with tools to grow their businesses.

    Vidello’s key offerings include:

    • CreateStudio: An award-winning video creation app that allows users to easily produce eye-catching 3D character video content for social media and websites.
    • PhotoVibrance: A tool that transforms static images into moving motion pictures to capture attention.
    • Twinkle: An all-in-one audio platform for creators and agencies, featuring premium royalty-free music tailored for video projects.
    • Vidello: A 3-in-1 video hosting, player, and collaboration tool that allows users to showcase videos with a customizable, lightning-fast player. Features include a collaboration portal and in-play marketing calls-to-action for lead generation and sales optimization.

    Vidello has over 90,000 customers, and their flagship CreateStudio product has been named a Top 3 Best Rated product in the video maker category by Capterra1, and a High Performer by G22.

    Banzai’s vision is to build a comprehensive suite of AI-powered marketing tools that make marketers’ lives faster and easier. The Vidello acquisition is pivotal in accelerating revenue growth by delivering innovative solutions to our customers.

    Transaction Details

    Under the terms of the agreement, Banzai will issue approximately $2.7M in cash ($2.5M is held back for varying time periods and for indemnification, transition and revenue earnout purposes) and 868,204 shares of Banzai Class A Common Stock. Additional details regarding the acquisition are included in the Company’s Form 8-K filed with the Securities and Exchange Commission on December 20, 2024, and January 31, 2025.

    About Vidello

    Vidello is a video hosting and marketing suite which provides online businesses with the essential marketing and hosting tools to assist in growing business through video. To learn more about the company visit www.vidello.com.

    About Banzai

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

    Forward-Looking Statements

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

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

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

    1 Source: https://www.capterra.com/p/203897/Create-Studio/
    2 Source: https://www.g2.com/products/create-studio/reviews

    The MIL Network –

  • MIL-OSI: Izotropic to Present at Investor Conference February 6th

    Source: GlobeNewswire (MIL-OSI)

    – CEO to present overview of Company value proposition, unique catalysts, and near-term objectives –

    – Event includes live Q and A, attendance is complimentary –

    – Individual and institutional investors, advisors, and analysts welcome –

    VANCOUVER, British Columbia and SACRAMENTO, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) — Izotropic Corporation (CSE: IZO) (OTCQB: IZOZF) (FSE: 1R3) (“Izotropic” or the “Company“), a medical device company commercializing imaging-based products utilizing innovative and emerging technologies for the more accurate screening, diagnoses, and treatment of breast cancers, is pleased to announce that CEO Robert Thast will be presenting at the Small Cap Growth Virtual Investor Conference this week and will be covering key aspects of the Company’s recent achievements, U.S. and EU regulatory approvals, near-term-objectives, and funding options.

    Date: February 6, 2025
    Time: 3:00 – 3:30 pm EST / 12:00 – 12:30 pm PST
    1 x 1 Meetings: See availability here: https://calendly.com/izotropic/meeting-with-ceo

    This will be the first public presentation by Izotropic since unveiling its new regulatory strategy for U.S. FDA approval and timelines to market launch of its first medical imaging device, IzoView- a dedicated breast CT imaging system, with contrast-enhancement for breast cancer screening adjunctive to digital breast tomosynthesis, commonly referred to as 3D mammography, for patients with dense breast tissue.

    After the formal presentation, attendees will have the opportunity and are encouraged to ask relevant questions through an interactive portal. For anyone registered who cannot attend the live event, an archived webcast will be made available.

    Please pre-register at the following link:
    https://bit.ly/4hi9H8A

    About Izotropic:
    More information about Izotropic Corporation can be found on its website at izocorp.com and by reviewing its profile on SEDAR at sedarplus.ca.

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

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

    Forward-Looking Statements:
    This document may contain statements that are “Forward-Looking Statements,” which are based upon the current estimates, assumptions, projections, and expectations of the Company’s management, business, and its knowledge of the relevant market and economic environment in which it operates. The Company has tried, where possible, to identify such information and statements by using words such as “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “contemplate” and other similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance, although not all forward-looking statements contain these identifying words.

    These statements are not guarantees of performance and involve risks, including those related to capital requirements and uncertainties that are difficult to control or predict, and as such, they may cause future results of the Company’s activity to differ significantly from the content and implications of such statements. Forward-Looking Statements are pertinent only as of the date on which they are made, and the Company undertakes no obligation to update or revise any Forward-Looking Statements to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law. Neither the Company nor its shareholders, officers, and consultants shall be liable for any action and the results of any action taken by any person based on the information contained herein, including, without limitation, the purchase or sale of Company securities. Nothing in this document should be deemed to be medical or other advice of any kind. All images are for illustrative purposes only. IzoView has not yet been approved or cleared for sale.

    Contacts:

    Izotropic Corporation
    Robert Thast
    Interim Chief Executive Officer
    Telephone: 1-604-220-5031 or 1-800-IZOCORP ext. 3
    Email: bthast@izocorp.com

    General Inquiries
    Telephone: 1-604-825-4778 or 1-800-IZOCORP ext. 1
    Email: info@izocorp.com

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

    The MIL Network –

  • MIL-OSI: Verde Resources to Present at the Small Cap Growth Virtual Investor Conference February 6th

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, Feb. 03, 2025 (GLOBE NEWSWIRE) — Verde Resources Inc. (OTCQB: VRDR), a leader in sustainable, next-generation infrastructure materials, today announced that Jack Wong, CEO and Eric Bava, COO, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 6th, 2025

    DATE: February 6th
    TIME: 2:30 – 3:00 pm ET
    LINK: https://bit.ly/40GBUPa
    Available for 1×1 meetings: February 6th

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

    “We are excited to bring our story to an audience of engaged, self-directed investors and discuss the progress Verde has made in 2024 and the exciting year ahead of us,” said Jack Wong, Verde’s CEO.

    “Over the past year, we have forged strategic industry partnerships and integrated groundbreaking low-carbon building materials into the Verde portfolio. Our Blueprint lowers costs, enhances durability, and reduces emissions compared to conventional methods, all while enabling large-scale carbon sequestration and repurposing millions of tons of waste. This pragmatic approach drives economic value, modernizes infrastructure, and promotes environmental sustainability. At Verde, we believe that the road to Net Zero is paved with innovation, strategic partnerships and common-sense economics.”

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

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

    About Verde Resources Inc.

    Verde Resources Inc. (OTCQB: VRDR) is leading the development of the world’s first Net Zero road construction blueprint, validated at the highest standards. Through the integration of innovative technologies and sustainable practices, Verde offers a scalable and licensable solution for the infrastructure industry across the U.S. and globally.

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

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

    Media and Investors

    Crocker Coulson, AUM Media
    Crocker.coulson@aummedia.org
    (646) 652-7185

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

    The MIL Network –

  • MIL-OSI: NEWTON GOLF Announces $1 Million Share Repurchase Authorization

    Source: GlobeNewswire (MIL-OSI)

    CAMARILLO, CA, Feb. 03, 2025 (GLOBE NEWSWIRE) — NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that its Board of Directors has approved a share repurchase authorization of up to $1 million of its common stock, effective January 31, 2025 and expiring January 31, 2026. The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination thereof. Share repurchases are subject to the Company’s discretion based on market conditions, business considerations, legal requirements, and other factors. There is no guarantee as to the number of shares that will be repurchased, and the repurchase program may be extended, suspended, or discontinued without prior notice at the Company’s discretion.

    “Our share repurchase authorization reflects the confidence we have in our business, our outlook for continued growth, and a path to breakeven. Growing adoption of our Newton Motion replacement shafts is a significant factor that provides us the flexibility and discretion to repurchase our common stock,” commented NEWTON GOLF Executive Chairman Greg Campbell.

    About NEWTON GOLF: A Sacks Parente Company

    NEWTON GOLF: A Sacks Parente Company, is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.

    The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea.

    For more information, please visit the Company’s website at www.newtongolfco.com or on social media at @newtongolfco.com, @newtonshafts, or @gravityputters.

    Investor Contact for NEWTON GOLF
    CORE IR
    516-222-2560
    investors@sacksparente.com

    The MIL Network –

  • MIL-OSI: Wearable Devices Unveils the LLM of Gesture Control: Large MUAP Models (LMM) Set to Revolutionize Human-Computer Interaction

    Source: GlobeNewswire (MIL-OSI)

    Pioneering AI-powered neural gesture technology enables personalized, intuitive interactions for the AI and XR era

    Yokneam Illit, Israel, Feb. 03, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, announced a groundbreaking advancement in human-computer interaction: Large MUAP Models (“LMM”). Building on the success of LLMs in natural language processing, Wearable Devices is actively developing LMMs with the goal to revolutionize how we interact with digital devices, aiming to offer personalized, intuitive gesture control powered by neural data. While still in development, this innovative technology holds immense potential to redefine human-device interaction.

    The LMM Revolution: Decoding the Neural Alphabet

    Just as LLMs unlocked the power of language for AI, LMMs aim to unlock the power of neural gestures for seamless, natural interactions. By decoding Motor Unit Action Potentials (MUAPs)—the body’s language for communicating with muscles—Wearable Devices has created a new paradigm for gesture control. LMMs are harnessing the potential of big data to enable devices to understand and predict user intentions with unprecedented speed and precision, making interactions faster and more intuitive than ever before. Personalized Gestures for a Natural User Experience

    At the heart of LMMs is personalization. The technology learns from individual users, creating a unique neural profile that will enable gestures tailored to each person’s natural movements. Whether it’s a subtle thumb swipe to select an option or a pinch-to-zoom gesture in augmented reality, LMMs will make interactions feel effortless and intuitive. “With LMMs, we are decoding the neural alphabet, potentially unlocking a strategically vital technology that fuses human neurology with AI. This breakthrough has the potential to create sci-fi-like superhuman abilities, giving a fundamental edge to whoever masters it first,” said Guy Wagner, Chief Scientific Officer of Wearable Devices.

    Wearable Devices’ flagship products, such as the Mudra Band for Apple Watch and the Mudra Link for universal device control, are already demonstrating the power of neural interfaces. These devices allow users to control their digital environments with simple, natural gestures. LMMs have the potential to make our current technology user-personalized, paving the way for a future where wearable technology is seamlessly integrated into our daily lives.

    The Future of AI and XR: Powered by Neural Gestures

    As spatial computing becomes the next computing platform, LMMs will provide the intuitive, natural interactions needed to unlock its full potential. Wearable Devices is focused on developing this technology and plans to seek collaboration with leading companies to integrate LMMs into next-generation extended reality (XR) platforms, ensuring that users can interact with their digital environments in ways that feel as natural as moving their hands.

    “The future of XR and AI interactions is here, and it starts with your wrist,” added Mr. Wagner. “With LMMs, we are not just imagining the future—we are building it.”

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of our devices and technology, including the potential of LMMs, and that we are focused on developing this technology and plan to seek collaboration with leading companies to integrate LMMs into next-generation XR platforms. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network –

  • MIL-OSI: Apollo Advances Financial Advisor Education and Access to Alternative Investments with Launch of Apollo Allocation Pro

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced the launch of Apollo Allocation Pro. Designed for a financial advisor audience, Apollo Allocation Pro seeks to provide an intuitive, hands-on experience to explore portfolio construction strategies that include alternatives, particularly private markets. The tool is now available on Apollo.com.

    Apollo Allocation Pro is the latest step in Apollo’s commitment to enhancing access to alternatives and empowering financial intermediaries with ongoing education and resources for integrating private markets into client portfolios.

    The tool builds off Apollo Academy, the firm’s alternative-investment educational platform. Launched in September 2022, Apollo Academy offers financial advisors a variety of educational programs, from its cornerstone course, Alternative Investing Essentials (a 10-hour, CE-credit course), to pinpointed CE-credit classes, white papers, podcasts and the Daily Spark blog with Apollo’s Chief Economist Torsten Slok.

    “With Apollo Allocation Pro, we’re continuing to educate and empower financial advisors as they seek greater diversification and excess return on behalf of their clients,” said Apollo’s Stephanie Drescher, Partner and Chief Client and Product Development Officer. “This tool highlights our commitment to providing advisors with resources to integrate private market strategies into portfolios, enabling them to deliver tailored solutions that align with their clients’ financial goals.”

    Key Features of Apollo Allocation Pro:

    • Interactive Portfolio Design: Create and model illustrative portfolio allocations that integrate alternatives alongside traditional public market indices with varying levels of risk tolerance across asset classes.
    • Advisor-Focused Insights: Leverage custom insights to address diverse client objectives by accessing 17 different indices from which to allocate.
    • Broader Education Initiatives: Aligned with Apollo’s educational framework, the tool complements the resources offered through Apollo Academy.

    The tool was developed in partnership with iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries, and is powered by iCapital Architect.

    __________________________________
    1    iCapital, Inc. and its affiliates (together, “iCapital”)

    About Apollo
    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for February 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for February 2025. This distribution is payable to common stockholders on February 28, 2025 (as outlined in the table below).

    As previously announced, the Company plans to declare distributions on a monthly basis, with the next distribution expected to be declared in early March. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date /
    Ex-Date
    		 Payment Date Distribution Amount Return of Capital
    Estimate
    2/14/25 2/28/25 $0.08 75%(1)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI: illumin to Present at the Small Cap Growth Virtual Investor Conference on February 6th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO and NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — illumin Holdings Inc. (TSX: ILLM) (OTCQB: ILLMF) (“illumin” or “Company”), a leader in digital marketing technology, today announced that Simon Cairns, Chief Executive Officer, and Elliot Muchnik, Chief Financial Officer, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 6th, 2025.

    DATE: February 6th
    TIME: 10:00 am ET
    LINK: https://bit.ly/40Wa3fj
    Available for 1:1 meetings

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

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

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

    Recent Company Highlights

    • Partnership with Adsquare to Deliver Advanced Footfall Attribution
    • Record Third Quarter 2024 Revenue of $36.3 Million, up 23% YoY
    • Self-Service Revenue Rose 64% YoY in Q3 2024 to $8.4 Million

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

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

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

    CONTACTS:
    Steve Hosein
    Investor Relations
    illumin Holdings Inc.
    416-218-9888 x5313
    investors@illumin.com

    David Hanover
    Investor Relations – U.S.
    KCSA Strategic Communications
    212-896-1220
    dhanover@kcsa.com

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

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Accelerates Growth with Expanded Distribution Across 1,000+ Woolworths Stores

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, Feb. 03, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) today announced expanded distribution of its premium cold pressed oils at Woolworths, a major retailer in Australia with over 1,000 locations across the country. Four SKUs of the Company’s cold pressed GEO Extra Virgin Non-GMO Canola oil and its cold pressed GEO Non-GMO Extra Virgin Vegetable oil are now available at Woolworths locations in pack sizes ranging from 750ml to 4L.

    “We are very pleased to partner with Woolworths to provide consumers greater access to our high-quality, sustainable and locally sourced oils,” said Gary Seaton, Chief Executive Officer of Australian Oilseeds Holdings Limited. “Our GEO brand exemplifies our mission by offering a unique range of products that significantly reduce the use of chemicals in farming and food production systems, creating a cleaner, healthier environment for all. This agreement, coupled with our recently announced expansion in China, demonstrates significant progress on our key strategic initiatives along with helping to accelerate our growth trajectory. We look forward to increasing our range of healthier GEO oils in Woolworths supermarkets throughout 2025.”

    Australian oilseed investments is also in discussions with other retail chains in both Australia and the United States for supply of its unique range of non-GMO cold pressed extra virgin vegetable oils.

    About Australian Oilseeds Investments Pty Ltd. Australian Oilseeds Investments Pty Ltd. is an Australian proprietary company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Bob Wu, CFO
    Email: bob@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com

    The MIL Network –

  • MIL-OSI: Northfield Capital Announces Changes to the Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Company”) today announced that Mr. Thomas Pladsen has resigned from the board of directors of the Company (the “Board”), effective January 31, 2025, for personal reasons. Mr. Pladsen has served as a director of the Company for over 30 years, during which time he provided invaluable insight and guidance to the Company. The Company would like to express its sincere thanks to Mr. Pladsen for his long-standing service.

    The Company is also pleased to announce the appointment of Eric Klein as a member of the Board, effective January 31, 2025, to fill the vacancy created by Mr. Plasden’s resignation. Mr. Klein has also been appointed as the Chair of the Audit Committee of the Board, in place of Mr. Plasden, effective January 31, 2025.

    Eric R. Klein, ICD.D, CBV, CPA, is an experienced Executive with over 35 years of experience in Investment Banking, Mergers & Acquisitions, Business Strategy and Corporate Management. As the President of Klein Advisory Services Inc. since 2018, Eric has guided both healthy and distressed entities, focusing on mergers, acquisitions, divestitures, and strategic advisory across various sectors including manufacturing, technology, and financial services. His strategic insights are further underscored by his past advisory role as a Senior Advisor for a Canadian asset based lender, where he was instrumental in portfolio management and spearheading new business initiatives. Previously Eric was an Executive Vice President at Dundee Corp. and a senior Partner at Farber Financial group. Eric has significant board-level experience, serving as Director and Chair of the Audit Committee for several Canadian public companies. Eric holds two degrees from McGill University. He is certified as a CPA, a Chartered Business Valuator (CBV), and holds an Independent Corporate Director designation (ICD.D), demonstrating his commitment to rigorous corporate governance and financial integrity.

    We take this opportunity to welcome Eric to the Board and look forward to his governance and contributions to Northfield.

    The Company has granted an aggregate of 10,000 stock options (“Stock Options”) to purchase class A restricted voting share of the Company (each, a “Class A Share”) to Mr. Klein, at an exercise price of $21.50 per Class A Share. The Stock Options have been granted pursuant to the Company’s Omnibus Equity Incentive Plan, and expire on January 31, 2030.

    About Northfield Capital Corporation

    Northfield is a leading Canadian investment firm with deep roots in resources, mining, aviation, and alcoholic beverages. Founded in 1981, Northfield combines decades of experience with a forward-thinking ethos to unlock opportunities.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Telephone: (416) 628-5940

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

    The MIL Network –

  • MIL-OSI United Kingdom: Filming Generates £4.6m for Local Economy

    Source: Scotland – City of Dundee

    FifeScreen+TayScreen is pleased to announce the release of its annual report for 2023/24, showcasing a successful year for the screen industry in the Fife Tay region with figures showing the media industry’s multi-million pound contribution to the economy of the Fife and Tay region. The office also supported ground-breaking work that was a finalist in the Screen International Global Production Awards at the Cannes Film Festival for a UK first – virtual production over 5G between Dundee and Manchester. 

    The figures show continuing resilience for film and TV production in 2023-24 despite challenges such as writer and actor strikes in the USA that have directly affected production in the UK and employment of freelance crew. Production spend reached £2.3 million, generating economic impact of approximately £4.6 million. This highlights the significant contribution that the screen industry makes to the local economy and the wider region.  

    Key Achievements in 2024 

    • Production Activity: the office facilitated over 100 productions, contributing an estimated £2.4 million to the local economy. The office recorded a total of over 400 filming days at locations across the region. Projects ranged from feature films and television dramas to commercials and independent productions. 
    • Diverse Locations Utilised: The region’s stunning landscapes, historic sites, and urban settings attracted high-profile projects. These productions not only boosted the local economy but also showcased the region’s unique character on the global stage. 
    • Support for Regional Business: the office connected regional businesses with opportunities in the screen industry. 
    • Sustainability: the office implemented eco-friendly production guidelines towards support Scottish and UK initiatives to ensure the industry’s growth aligns with environmental goals. 
    • The sector supports jobs and livelihoods including freelance crew and services that are integral to production such as hospitality and accommodation. It plays a major part in promoting the region for economic and social development and attracting tourism.   

    Some production highlights 

    The report features several exciting highlights. Time-travel romantic drama series ‘Outlander’, returned for Season 8 and Prequel, Blood of My Blood that filmed across the region. There was filming for the final series of Netflix show, The Crown. The region’s attraction for crime on screen continued with production of Val McDermid’s Karen Pirie Season 2. James McAvoy, star of productions such as X-Men and Atonement, made his directorial debut in Dundee with California Schemin’. Iconic, global fashion brand, Christian Dior brought an A-list event and fashion shoots to Perthshire. This further solidifies the Fife Tayside region’s position as a preferred destination for high-profile productions, drawing attention and visitors from around the world.  

    Studios/Virtual Production and Remote Broadcasting 

    FifeScreen+TayScreen has continue to collaborate with the Tay Cities Deal project, Tay5G Virtual Production and Julie Craik has been appointed to the national board of the £76m CoSTAR programme supported by the UK Government. Virtual Production is an exciting evolution of greenscreen. Real environments or digitally created experiences are projected in specialist studios so that cast and crew can see and interact with them in real time. The office also supported the Tay5G project that saw Neutral Wireless and QTV advancing 5G enabled, live production technology in the region.  

    Dundee’s Fair Work, Economic Growth & Infrastructure Convener, Steven Rome says: “As a city renowned for its creativity and innovation, Dundee is proud to support the ongoing success of Tayscreen in showcasing our region as a vibrant hub for film, television, and creative production. This year’s Tayscreen annual report highlights the collaborative spirit that make our area such an attractive destination for production. Dundee continues to play a vital role in this industry, bringing economic opportunities and raising our profile on the global stage.” 

    Cllr Altany Craik, Spokesperson for Fife Council Finance, Economy & Strategic Planning says: “The film industry continues to play a vital role in Fife’s economy. The support that FifeScreen provides makes it easy for production companies to choose Fife as a location to film audience favourites such as Outlander and The Crown. The effects of having Fife showcased in this way must not be underestimated in terms of the visitor economy and inward investment. Embracing new technology will ensure that FifeScreen+TayScreen continues to be relevant and attractive to this vibrant industry.” 

    Councillor Eric Drysdale, Convener of Perth & Kinross Council’s Economy and Infrastructure Committee, says: “Perth & Kinross is proud to be a part of the TayScreen network, which continues to shine a spotlight on our region’s stunning landscapes, historic landmarks, and thriving creative industries. This year’s Tayscreen annual report underscores the significant contribution our area has made to the screen sector, attracting high-profile productions and delivering economic benefits to local communities. From our picturesque countryside to our vibrant towns, Perth & Kinross offers a wealth of opportunities for filmmakers and content creators. We remain committed to supporting the creative industries, recognising their vital role in driving cultural and economic growth in our region.” 

    The report also emphasises the positive impact of screen tourism on the local economy. While tourism services faced challenges due to increased operating costs and the cost-of-living crisis, screen tourism continued to play a crucial role in raising awareness and influencing destination and economic development decisions. The allure of seeing Scotland on screen remains a significant factor for up to 40% of visitors to the region with the impact reported to last for at least four years. 

    FifeScreen+TayScreen is committed to supporting and promoting the region as a premier filming location, as well as leveraging the power of screen tourism to boost the local economy. As part of its mission, the office continues to collaborate with industry partners, local businesses, and stakeholders to create a ‘film-crew friendly’ environment for filmmaking. The success of the past year reflects the continued collective effort and dedication of all engaging with the screen industry in the Fife Tay region. 

    Looking forward, TayScreen remains determined to build on this success and further solidify the region’s reputation as a vibrant hub for screen production. By attracting more high-profile productions, nurturing local talent, and fostering collaborations, TayScreen aims to continue driving economic growth and showcasing the unique charm and beauty of the region to audiences worldwide. 

    MIL OSI United Kingdom –

  • MIL-OSI: Outbrain Completes the Acquisition of Teads

    Source: GlobeNewswire (MIL-OSI)

    Highlights:

    • The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads.
    • The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers.
    • The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes.
    • Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and Bertrand Quesada, former Teads CEOs, assuming the roles of Co-President, Chief Business Officer of the Americas and International respectively.
    • The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of $623 million and Adjusted EBITDA of $230 million in 2024 including $65-75 million of estimated synergies1.
    • Transaction value of approximately $900 million, comprised of $625 million in cash and 43.75 million Outbrain shares.
    • Altice, selling shareholder of Teads, will nominate two out of a total of 10 board members.
    • Outbrain is providing selected preliminary results for the fourth quarter, in line with previously issued guidance in Outbrain’s November 2024 earnings call, and selected preliminary results for Teads and the combined company.

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB) today announced the closing of its acquisition of Teads, following receipt of all necessary regulatory approvals. The two companies will merge their respective branding and performance offerings to create the omnichannel outcomes platform for the open internet, and will operate under the name Teads.

    The new Teads will create one of the largest optimized supply paths on the premium open internet, with a focus on connecting curated, exclusive media environments with elevated, data-driven creative experiences. The combined company offering will be strengthened by Outbrain’s proprietary predictive technology and AI optimization. It will provide a solution for marketers to leverage a single partner to deliver concrete outcomes at every step of the marketing funnel— offering unique ways to combine advertising solutions from awareness to sales. The company’s combined data set will power expanded contextual, audience and purchase-based targeting capabilities, connecting CTV experiences to digital moments to drive measurable outcomes.

    “I am extremely excited about this new chapter in our journey. This transformative merger creates a company that directly addresses a large gap in the advertising industry: a scaled end-to-end platform that can drive outcomes, from branding to consideration to purchase, across screens,” said CEO, David Kostman.

    “Together, we are creating an extraordinary new company, combining the best of both organizations’ deep expertise in omnichannel video branding solutions and performance advertising. The new Teads’ mission is to drive lasting value with an offering that invites marketers to expect better outcomes, media owners to expect sustainable value, and consumers to expect elevated experiences. I want to thank the teams of both Outbrain and Teads, who have pioneered major advertising categories, and have built leading global companies over more than a decade. It is their innovation and commitment that have brought us to this moment and will propel us to new heights,” added Kostman.

    Co-President & Chief Business Officer, Jeremy Arditi, added: “We’re committed to creating a solution that will harness the untapped opportunity of the open internet, and allow all of its constituents to thrive. We believe that by prioritizing beautiful creative experiences, trust and transparency in media, and delivery of meaningful outcomes, we can create a stronger ecosystem that provides value for all.”

    “The merger between Teads and Outbrain makes a lot of sense strategically. We look forward to exploring the new possibilities this provides us with to reach our audiences in a new and interesting way, to deliver full funnel solutions and better business outcomes,” said Sital Banerjee, Global Head of Integrated Media, Performance Marketing, and BMI Management at Lipton Teas and Infusions.

    Key Combined Strengths

    With the completion of the combination, the new Teads will offer clients and partners:

    • Exceptional reach at great scale, across exclusive environments
      • 96 percent open internet audience reach*
      • Number one most direct supply path, as rated by Jounce**
      • Direct access to 10,000 media environment
      • Connected to the top 4 OEMs and several of the top Streaming Apps unlocking access to 50bn CTV Monthly Ad Opportunities, including unique CTV homescreen inventory
      • Proprietary code-on-page relationships with premium editorial properties globally, providing access to incremental inventory and yielding extensive audience interest and engagement insights
    • Creatives built for outcomes
      • Data-driven, beautiful creative solutions designed to connect brand moments across the marketing funnel — from CTV to editorial and beyond
      • Proven impact from unique experiences, with 74 percent higher attention for unique CTV native creative
      • Strategic Joint Business Partnerships with more than 50 of the world’s most premium brands
    • AI-powered predictive technology
      • Proprietary prediction engine, cultivated over 18+ years to drive performance outcomes, making 1 billion predictions each minute
      • 4 billion signals processed each minute via AI and machine learning
      • 50 live AI models
    • Expansive omnichannel graph, expanded on the Teads Omnichannel Graph foundation
      • The Teads Omnichannel Graph (OG), a proprietary tool extending contextual and audience-targeting capabilities into the CTV environment, will be further expanded by Outbrain engagement, interest, and conversion data
      • Extensive data signals feeding an understanding of audiences across screens, including:
        • 130,000 articles scanned per minute
        • 500,000 CTV programs enriched with data per month
        • 1 billion engagement and contextual signals processed each minute

    *According to Comscore, Media Metrix, Key Metrix, US, December 2024 for Teads.
    **According to 2024 Jounce SPO analyses, specific to Teads platform.

    Transaction Details

    Outbrain, Altice and Teads have amended the previously announced share purchase agreement, dated August 1, 2024. Under the terms of the revised agreement, Outbrain will be paying a total consideration of approximately $900 million, consisting of $625 million upfront cash and 43.75 million shares of common stock of Outbrain (valued at approximately $263 million based on the closing price of Outbrain’s common stock as of January 31, 2025, of $6.01).

    Under the revised terms, there is no deferred cash payment or convertible preferred equity component. The revised terms have meaningfully reduced the level of required debt financing and simplified the transaction structure.

    Outbrain intends to finance the transaction with existing cash resources and $625 million in committed debt financing from Goldman Sachs Bank USA, Jefferies Finance LLC and Mizuho Bank, Ltd., subject to customary funding conditions. Outbrain will also issue to Altice 43.75 million shares of common stock. Altice will nominate two directors to the board of Outbrain and will be bound by a stockholder agreement with Outbrain containing arrangements and restrictions concerning voting and disposition of the shares issued to Altice.

    Financial Highlights

    Preliminary Estimated Unaudited Financial Information for the Quarter and Year Ended December 31, 2024

    Today Outbrain is furnishing on Form 8-K selected preliminary estimated unaudited financial information for each of Outbrain and Teads on a standalone basis and on a combined company basis for the quarter and year ended December 31, 2024. Excerpts of such financial information can be found below. You are encouraged to refer to the Form 8-K and other documents filed or furnished by Outbrain with the SEC through the website maintained by the SEC at www.sec.gov.

    The Company previously announced its expectation to achieve $50 – 60 million of annual revenue and cost synergies in the second full year following completion of the acquisition, with further opportunities for expanded synergies in the following years. The Company now expects to realize approximately $65 – 75 million of annual synergies in FY 2026 with further opportunities for expanded synergies in the following years. Of this amount, approximately $60 million relates to cost synergies, including approximately $45 million of compensation related expenses. The Company plans to action approximately 70% of the compensation related expense savings during the first month post-closing. The upsize in expected synergies follows a robust integration planning process, enabling a larger and more rapid synergy capture.

    Outbrain is providing selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $68.3 million for Q4 2024, and $236.1 million for FY 2024
    • Adjusted EBITDA of $17.0 million for Q4 2024, and $37.3 million for FY 2024

    For Teads, we are providing the following selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $119.9 million for Q4 2024, and $386.6 million for FY 2024
    • Adjusted EBITDA of $52.2 million for Q4 2024, and $122.7 million for FY 2024

    The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of approximately $623 million and Adjusted EBITDA of approximately $230 million in 2024, including $65-75 million of estimated synergies2.

    Conference Call and Webcast:
    Outbrain will host an investor conference call this morning, Monday, February 3rd at 9:00 am ET. Interested parties are invited to listen to the conference call which can be accessed live by phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13751603. The replay will be available until February 17, 2025. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors Relations section of the Company’s website at https://investors.outbrain.com. The online replay will be available for a limited time shortly following the call.

    Cautionary Note About Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the U.S. federal securities laws and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. These statements are based on current expectations, estimates, forecasts and projections about the industries in which Outbrain and Teads operate, and beliefs and assumptions of Outbrain’s management. Forward-looking statements may include, without limitation, statements regarding possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives, expected synergies and statements of a general economic or industry-specific nature. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions, or are not statements of historical fact. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: risks that the acquisition disrupts current plans and operations or diverts management’s attention from its ongoing business; the initiation or outcome of any legal proceedings that may be instituted against Outbrain or Teads, or their respective directors or officers, related to the acquisition; unexpected costs, charges or expenses resulting from the acquisition; the ability of Outbrain to successfully integrate Teads’ operations, technologies and employees; the ability to realize anticipated benefits and synergies of the acquisition, including the expectation of enhancements to Outbrain’s services, greater revenue or growth opportunities, operating efficiencies and cost savings; overall advertising demand and traffic generated by Outbrain and the combined company’s media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of Outbrain and the combined company’s control, such as U.S. and global recession concerns; geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel and the Middle East; supply chain issues; inflationary pressures; labor market volatility; bank closures or disruptions; the impact of challenging economic conditions; political and policy uncertainties; and other factors that have and may further impact advertisers’ ability to pay; Outbrain and the combined company’s ability to continue to innovate, and adoption by Outbrain and the combined company’s advertisers and media partners of expanding solutions; the success of Outbrain and the combined company’s sales and marketing investments, which may require significant investments and may involve long sales cycles; Outbrain and the combined company’s ability to grow their business and manage growth effectively; the ability to compete effectively against current and future competitors; the loss or decline of one or more large media partners, and Outbrain and the combined company’s ability to expand advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit Outbrain and the combined company’s ability to market, support and innovate their products due to the impact on employees as well as advertisers and advertising markets; Outbrain and the combined company’s ability to maintain revenues or profitability despite quarterly fluctuations in results, whether due to seasonality, large cyclical events or other causes; the risk that research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of Outbrain or the combined company’s recommendation engine to accurately predict attention or engagement, any deterioration in the quality of Outbrain or the combined company’s recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on Outbrain and the combined company’s ability to collect, use and disclose data to deliver advertisements; Outbrain and the combined company’s ability to extend their reach into evolving digital media platforms; Outbrain and the combined company’s ability to maintain and scale their technology platform; the ability to meet demands on our infrastructure and resources due to future growth or otherwise; the failure or the failure of third parties to protect Outbrain and the combined company’s sites, networks and systems against security breaches, or otherwise to protect the confidential information of Outbrain and the combined company; outages or disruptions that impact Outbrain or the combined company or their service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which Outbrain and the combined company operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on Outbrain and the combined company’s business or strategy; and the other risk factors and additional information described in the section entitled “Risk Factors”, and under the heading “Risk Factors” in Item 1A of Outbrain’s Annual Report on Form 10-K filed with the SEC on March 8, 2024 for the year ended December 31, 2023, Outbrain’s Form 10-Q filed with the SEC on August 8, 2024 for the period ended June 30, 2024, Outbrain’s Form 10-Q filed with the SEC on November 7, 2024 for the period ended September 30, 2024 and in subsequent reports filed with the SEC.

    Accordingly, you should not rely upon forward-looking statements as an indication of future performance. Outbrain cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Outbrain and the combined company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the forward-looking statements. Outbrain undertakes no obligation, and does not assume any obligation, to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About The Combined Company
    Outbrain Inc. (Nasdaq: OB) and Teads combined on February 3, 2025 and are operating under the new Teads brand. The new Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes, the combined company ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, the new Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 36 countries.

    For more information, visit https://thenewteads.com/.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com
    (332) 205-8999

    Non-GAAP Reconciliations

    The following table presents the reconciliation of Gross profit to Ex-TAC gross profit, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Revenue   $ 234,586     $ 188,953     $ 423,539     $ 889,875     $ 617,435     $ 1,507,310  
    Traffic acquisition costs     (166,247 )     (69,091 )     (235,338 )     (653,731 )     (230,831 )     (884,562 )
    Other cost of revenue (a)     (12,277 )     (26,441 )     (38,718 )     (44,042 )     (106,414 )     (150,456 )
    Gross profit     56,062       93,421       149,483       192,102       280,190       472,292  
    Other cost of revenue (a)     12,277       26,441       38,718       44,042       106,414       150,456  
    Ex-TAC Gross Profit   $ 68,339     $ 119,862     $ 188,201     $ 236,144     $ 386,604     $ 622,748  

    ___________
    (a) Other cost of revenue for Teads is subject to accounting policy harmonization.

    The following table presents the reconciliation of net income (loss) to Adjusted EBITDA, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Net (loss) income   $ (167 )   $ 69,613     $ 69,446     $ (711 )   $ 89,318     $ 88,607  
    Interest expense/financial costs     699     $ 116       815       3,649       1,176       4,825  
    Interest income and other income, net     (1,522 )   $ –       (1,522 )     (9,209 )     –       (9,209 )
    Gain related to convertible debt     –       –       –       (8,782 )     –       (8,782 )
    Other financial income and (expenses)     –       (13,973 )     (13,973 )     –       (26,404 )     (26,404 )
    Provision for income taxes     3,525       16,143       19,668       2,415       38,256       40,671  
    Depreciation and amortization     4,985       3,027       8,012       19,479       12,834       32,313  
    Share-based compensation     3,974       (28,089 )     (24,115 )     15,461       –       15,461  
    Severance costs     –       393       393       742       1,593       2,335  
    Merger and acquisition costs     5,469       4,930       10,399       14,256       5,890       20,146  
    Adjusted EBITDA, excluding synergies   $ 16,963     $ 52,160     $ 69,123     $ 37,300     $ 122,663     $ 159,963  
    The Company expects to realize approximately $65 – 75 million of annual synergies in the second full year following completion of the Acquisition. (midpoint)                         70,000  
    Combined company Adjusted EBITDA (incl. synergies)                       $ 229,963  

    1Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years. Ex-TAC Gross Profit and Adjusted EBITDA are non-GAAP financial measures. See “Non-GAAP Reconciliations” below.
    2Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years

    The MIL Network –

  • MIL-OSI: STAKING NOW AVAILABLE IN THE UK, UPHOLD RELAUNCHES SERVICE TO USERS

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Uphold, the modern infrastructure provider for on-chain payments, banking and investments, has announced that its UK customers can now earn staking rewards on their crypto holdings. A UK Treasury amendment to the Financial Services and Markets Act 2000 came into force on 31 January, 2025, clearing the way for registered crypto-asset service providers to offer staking services to UK individuals and firms.

    Previously, there was a lack of regulatory clarity on offering staking to UK customers, which prevented users from receiving rewards for supporting essential blockchain activities. However, following the recent legislative clarification, registered platforms like Uphold can now offer their customers the chance to earn staking rewards and grow their digital assets.

    Uphold’s UK customers will have the opportunity to earn competitive returns on staked cryptocurrencies such as Ethereum, Solana, and NEAR. Today, some supported tokens offer a return up to 14.8%, depending on market conditions and network-specific factors. Such rates are ideal for crypto investors seeking passive income opportunities.

    Simon McLoughlin, CEO of Uphold, said: “Staking is an inherent function of many blockchains. It creates a legitimate way for crypto holders to put their assets to work while supporting the validation process of a blockchain. With the legal clarification, we can now offer this core feature to our UK users and, as you’d expect from Uphold, we’ll make accessing staking rewards easier than any other platform.”

    Staked crypto holdings are used by blockchain platforms such as Ethereum, Solana, and NEAR to validate transactions, bolster security, and maintain the networks. Uphold’s move to offer staking aligns with its commitment to providing innovative financial solutions. 

    Proof of Stake (PoS) blockchain validation emerged as an alternative to Proof of Work, which requires cryptocurrency miners to solve complex cryptographic puzzles, consuming significant amounts of energy in the process. In contrast, Proof of Stake consumes significantly less energy by requiring blockchain validators to lock up crypto as collateral, demonstrating a financial commitment to the network.

    Anyone with a minimum balance of a supported PoS token can validate transactions and get rewards for doing so. With Uphold now reintroducing this feature back into the UK market, the company aims to play a pivotal role in the broader adoption of decentralized financial systems while providing tangible value to its users. 

    More information on Uphold’s staking offering can be found here: https://uphold.com/en-gb/products/staking 

    About Uphold 

    Uphold, is a financial technology company that believes on-chain services are the future of finance. It provides modern infrastructure for on-chain payments, banking and investments. Offering Consumer Services, Business Services and Institutional Trading, Uphold makes pioneering financial services easy and trusted for millions of customers in more than 140 countries. 

    Uphold integrates with more than 30 trading venues, including centralized and decentralized exchanges, to deliver superior liquidity and optimal execution. Uphold never loans out customer assets and is always 100% reserved. The company pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).

    Uphold is regulated in the U.S. by FinCen and State regulators, and is registered in the UK and Canada with the FCA and FINTRAC respectively and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, visit uphold.com. 

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –