NewzIntel.com

Category: GlobeNewswire

  • MIL-OSI: Metafoodx Raises $9.4M to Fight Food Waste with AI

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 15, 2025 (GLOBE NEWSWIRE) — Metafoodx, the AI food operations company, today announced it has raised $9.4 million in funding led by Trustbridge Partners, with participation from BlueRun Ventures and ScalableVision Capital. The funding will help Metafoodx fight widespread food waste in commercial kitchens with its powerful 3D AI scanner.

    Without tools to track consumption and forecast production, the food service industry can overproduce by 20–30%, wasting $382 billion in food each year. As prices climb and margins shrink, profitably delivering high-quality meals has never been more challenging.

    “Commercial kitchens are turning to technology to reduce waste, control costs and meet sustainability goals, catapulting the food technology market to more than $80 billion in the next five years,” said the lead investor at Trustbridge Partners. “Metafoodx has tapped into this opportunity with advanced AI and scanning technology in a sleek, practical device that delivers fast ROI and savings.”

    In seconds, Metafoodx’s 3D AI scanner captures an item’s image, weight and temperature; links it to the menu; and automatically logs it for food safety compliance. It keeps track of whether leftovers are composted, donated or reused. Because it tracks and analyzes operations across ordering, prep, plate and waste, Metafoodx accurately forecasts future production needs based on actual consumption. This innovative use of AI earned Metafoodx a 2025 Kitchen Innovations Award from the National Restaurant Association, judged by food service experts from the Air Force, Aramark and Disney.

    “The magic behind Metafoodx is our ability to tackle food waste at its source,” said Fengmin Gong, co-founder and CEO of Metafoodx. “We’ve made it incredibly easy for operators to use data from their own kitchens to improve ordering, food prep and serving to reduce their waste by 90%.”

    To learn more about Metafoodx, visit the company website and connect with the team at the National Restaurant Association Show, May 17-20, 2025, in Chicago at booths #4097 and #8433.

    About Metafoodx
    Metafoodx is a patented, AI-powered food operations platform that helps commercial kitchens reduce waste, optimize production and drive sustainability through real-time data and automation. Trusted by leading universities and food service providers, Metafoodx delivers measurable impact, including up to a 50% reduction in food waste and a 200% ROI within weeks of deployment. Metafoodx is a 2025 Kitchen Innovations Award winner, recognized by the National Restaurant Association for advancing efficiency and productivity in food operations.

    Visit metafoodx.com, and follow the company on LinkedIn, X and YouTube.

    Media Contact
    Liesse Jayalath
    metafoodx@lookleftmarketing.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33fdc362-bfb7-46ea-8c31-fcc4997e39f7

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17b0eb87-376d-4c74-b91c-aeb17e5429a4

    The MIL Network –

  • MIL-OSI: MKS Instruments Announces Senior Leadership Appointments

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., May 15, 2025 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global provider of enabling technologies that transform our world, announced today that James A. Schreiner will conclude his tenure as the leader of the Materials Solutions Division (“MSD”) on August 1, 2025, and will transition back to his role as Executive Vice President & Chief Operating Officer of MKS. In this position, Mr. Schreiner will lead operations, supply chain, and workplace operations for the Vacuum Solutions Division and the Photonics Solutions Division.

    The Company also announced that David P. Henry, the Company’s current Executive Vice President, Operations and Corporate Marketing, will assume the role of Executive Vice President, Global Strategic Marketing, and General Manager, Materials Solutions Division, on August 1, 2025. In this role, Mr. Henry will succeed Mr. Schreiner as the leader of MSD as well as maintain responsibility for strategic and corporate marketing for the Company.

    “On behalf of the entire Company, I want to recognize the tremendous contributions Jim and Dave have made to MKS and congratulate them on their new, well-earned leadership responsibilities,” said John T.C. Lee, President and Chief Executive Officer of MKS. “Jim has played a pivotal role in successfully guiding MSD after our acquisition of Atotech in August 2022 with exceptional leadership and dedication. And Dave, who has proven himself as a strong and effective leader and strategic thinker, is well suited to position MSD for the future. I wish them both great success in their new roles.”

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

    Contacts:

    Bill Casey
    Vice President, Marketing
    Telephone: +1 (630) 995-6384
    Email: press@mksinst.com

    Kelly Kerry, Partner
    Kekst CNC
    Email: kerry.kelly@kekstcnc.com

    The MIL Network –

  • MIL-OSI: Morien Announces Results of Annual and Special Meeting

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, May 15, 2025 (GLOBE NEWSWIRE) —  Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company’s Annual and Special Meeting of Shareholders (“AGM”) held in Halifax on May 14, 2025.

    Election of Directors

    The number of directors was set by the Board at four, with John Budreski, Dawson Brisco, Mary Ritchie, and Beau White re-elected to the Company’s Board for the ensuing year.

    Following the AGM, the Board confirmed the appointment of Morien’s executive officers, namely: Executive Chairman – John Budreski; President and Chief Executive Officer – Dawson Brisco; Chief Financial Officer – Susanne Willett; and Corporate Secretary – Suzan Frazer.

    Appointment of Auditor

    MNP LLP was re-appointed as the Company’s auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the Board.

    Approval of Stock Option Plan

    The shareholders also re-approved the Company’s 10% rolling incentive stock option plan in accordance with the rules and policies of the TSX Venture Exchange (“TSX-V”).

    Continuance of Shareholder Rights Plan

    Shareholders approved the reconfirmation and continuance of the Company’s shareholder rights plan (“Rights Plan”), originally approved by shareholders in 2019. Under the terms of the Rights Plan, shareholders must affirm the Rights Plan every three years. The purpose of the Rights Plan is to provide the Board and shareholders with sufficient time to properly consider any future take-over bids made for the Company. The Rights Plan will mitigate undue pressure on the Board and shareholders, allow time for competing bids and alternative proposals to emerge, and ensure that all shareholders will be treated fairly and equally in any potential take-over bid made for the Company. The Rights Plan was not adopted, nor reconfirmed, in response to any proposal to acquire control of the Company.

    About Morien

    Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

    Forward-Looking Statements

    Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.ca) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

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

    For more information, please contact:

    Dawson Brisco, President & CEO
    Phone: (902) 403-3149
    dbrisco@MorienRes.com
    or
    John P.A. Budreski, Executive Chairman
    Phone: (416) 930-0914
    www.MorienRes.com

    The MIL Network –

  • MIL-OSI: DTST Reports 2025 First Quarter Financial Results and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    • Strong Q1 2025 Performance Driven by 14% YoY Revenue Growth in Cloud Infrastructure and Disaster Recovery Services
    • CloudFirst International Expansion Accelerated Through Strategic Partnership with Pulsant
    • Conference Call to be held today at 11:00 am ET

    MELVILLE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the three months ended March 31, 2025.

    First Quarter 2025 Highlights

    • Revenue was $8.1 million, driven by 14% year-over-year growth in Cloud Infrastructure and Disaster Recovery services
    • Gross profit totaled $2.86 million, maintaining consistent margin levels
    • Adjusted EBITDA* reached $497,000, reflecting operational discipline
    • Cash and marketable securities were $11.1 million, with no long term debt

    “We are pleased to report our first quarter results, which reflect both solid financial performance and strategic progress,” said Chuck Piluso, CEO of Data Storage Corporation. “Specifically, CloudFirst Technologies continues to operate profitably on a standalone basis and serves as a scalable, recurring revenue engine. To support our international strategy, we recently partnered with Pulsant, a leading U.K. edge data center provider, enabling us to extend our IBM Power-based cloud offerings across their national footprint. This collaboration positions us to serve regulated and enterprise clients more effectively throughout the U.K. and Europe.”

    “Furthermore, CloudFirst recently completed a major infrastructure upgrade for a long-time enterprise client in the food distribution sector. We migrated legacy systems to high-performance IBM processors, allowing for direct connections with leading providers including AWS, Azure, and Google Cloud—enhancing scalability, security, and cost-efficiency. This contract is an example of how our expertise in delivering complex IT transformations sets us apart in the market and fosters strong client loyalty, with customers consistently returning to us as their trusted partner.”

    Chris Panagiotakos, CFO of Data Storage Corporation, added, “Financially, our core cloud infrastructure and disaster recovery services remain strong performers, evidenced by a 14% year-over-year revenue increase. Our total revenue had a modest decline due to reduced equipment sales, however this aligns with our strategic focus to continue to build a stable high-margin, recurring revenue client base. Our adjusted EBITDA reached $497,000 for the quarter, reflecting our ongoing commitment to operational efficiency and margin discipline. Backed by a strong balance sheet and a growing client base, we are well-positioned to scale our platform, expand our market presence, and create sustained long-term value.”

    Mr. Piluso added, “Overall, we remain focused on growing our high-margin, recurring cloud revenue base, expanding our global partner ecosystem, and delivering the modernization, compliance, and resilience our clients require. These priorities reflect our long-term vision to build a scalable, differentiated platform in the enterprise multi-cloud space.”

    Conference Call

    The Company will host a conference call at 11:00 a.m. Eastern Time on Thursday, May 15, 2025, to discuss the Company’s progress and the financial results for the first quarter of 2025, which ended March 31, 2025.

    The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-412-652-1274. A webcast of the call may be accessed at  DSC Q1 2025 Earnings Call or on the Company’s News & Events section of the website,  www.dtst.com/news-events.

    A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through November 15, 2025. A telephone replay of the call will be available approximately three hours following the call, through May 22, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13753165. 

    About Data Storage Corporation
    Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions.

    Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.

    Built on IBM Power servers, DTST’s subsidiary owns their cloud platform manages the platform with the Company’s 24×7 technical team. The Company delivers high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.

    With data centers supporting its CloudFirst platform deployments across the United States, Canada, and the United Kingdom, DSC provides mission-critical solutions to a diverse clientele, including Fortune 500 companies, government agencies, educational institutions, and healthcare organizations.

    As a leader in the multi-billion-dollar cloud hosting and business continuity market, DTST is recognized for its expertise in cloud infrastructure, IT modernization, and data migration, enabling clients to transition to their cloud infrastructure with confidence and operational continuity.

    For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.

    *Adjusted EBITDA is a non-GAAP measure and should not be considered as a substitute for GAAP. Please refer to the Company’s financial disclosures at the end of this press release for a reconciliation to the most directly comparable GAAP measure.

    Safe Harbor Provision

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding CloudFirst Technologies continuing to operate profitably on a standalone basis and serving as a scalable, recurring revenue engine; the collaboration with Pulsant positioning the Company to serve regulated and enterprise clients more effectively throughout the U.K. and Europe; and being well-positioned to scale the Company’s platform, expand its market presence, and create sustained long-term value; the Company building a scalable, differentiated platform in the enterprise cloud space; and the opportunities ahead and the potential to drive continued growth and success. Important factors that could cause actual results to differ materially from current expectations include CloudFirst Technologies’ ability to continue to operate profitably; the Company’s ability to grow its presence in the U.K and Europe, the Company ability to create sustained long-term value and drive continued growth and success. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K for the quarter ended March 31, 2025, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
             
        March 31, 2025 (Unaudited)   December 31, 2024
    ASSETS                
    Current Assets:                
    Cash   $ 705,557     $ 1,070,097  
    Accounts receivable (less allowance for credit losses of
    $17,121 and $31,472 as of March 31, 2025, and December
    31, 2024, respectively)    		     5,413,282       2,225,458  
    Marketable securities     10,406,912       11,261,006  
    Prepaid expenses and other current assets     858,490       859,502  
    Total Current Assets     17,384,241       15,416,063  
                     
    Property and Equipment:                
    Property and equipment     9,684,825       9,598,963  
    Less—Accumulated depreciation     (6,456,000 )     (6,159,307 )
    Net Property and Equipment     3,228,825       3,439,656  
                     
    Other Assets:                
     Goodwill     4,238,671       4,238,671  
     Operating lease right-of-use assets     550,653       575,380  
     Other assets     168,120       183,439  
     Intangible assets, net     1,360,220       1,427,006  
    Total Other Assets     6,317,664       6,424,496  
                     
    Total Assets   $ 26,930,730     $ 25,280,215  
                     
    LIABILITIES AND STOCKHOLDERS’ DEFICIT                
    Current Liabilities:                
    Accounts payable and accrued expenses   $ 4,550,524     $ 3,183,379  
    Deferred revenue     290,827       212,390  
    Finance leases payable     —       17,641  
    Finance leases payable related party     —       33,879  
    Operating lease liabilities short term     102,246       98,860  
    Total Current Liabilities     4,943,597       3,546,149  
                     
    Operating lease liabilities     496,691       523,070  
    Deferred Tax Liability     39,031       39,031  
    Total Long-Term Liabilities     535,722       562,101  
                     
    Total Liabilities     5,479,319       4,108,250  
                     
    Commitments and contingencies (Note 7)                
                     
    Stockholders’ Equity:                
    Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding at March 31,2025 and December 31, 2024     —       —  
    Common stock, par value $.001; 250,000,000 shares authorized; 7,123,227 and 7,045,108 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     7,123       7,045  
    Additional paid in capital     40,644,000       40,417,813  
    Accumulated deficit     (18,958,511 )     (18,982,589 )
    Accumulated other comprehensive income (loss)     3,579       (23,214 )
    Total Data Storage Corporation Stockholders’ Equity     21,696,191       21,419,055  
    Non-controlling interest in consolidated subsidiary     (244,780 )     (247,090 )
    Total Stockholders’ Equity     21,451,411       21,171,965  
    Total Liabilities and Stockholders’ Equity   $ 26,930,730     $ 25,280,215  
    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (UNAUDITED)
        Three Months Ended March 31,
        2025   2024
             
    Sales   $ 8,083,756     $ 8,235,747  
                     
    Cost of sales     5,223,860       5,269,275  
                     
    Gross Profit     2,859,896       2,966,472  
                     
    Selling, general and administrative     2,952,405       2,752,677  
                     
    Income (loss) from Operations     (92,509 )     213,795  
                     
    Other Income (Expense)                
    Interest income     120,906       143,369  
    Interest expense     (2,009 )     (11,260 )
    Total Other Income     118,897       132,109  
                     
    Income before provision for income taxes     26,388       345,904  
                     
    Provision for income taxes     —       —  
                     
    Net Income     26,388       345,904  
                     
    Gain (loss) in Non-controlling interest in consolidated subsidiary     (2,310 )     11,198  
                     
    Net Income Attributable to Common Stockholders   $ 24,078     $ 357,102  
                     
    Earnings per Share – Basic   $ —     $ 0.05  
    Earnings per Share – Diluted   $ —     $ 0.05  
    Weighted Average Number of Shares – Basic     7,077,913       7,090,389  
    Weighted Average Number of Shares – Diluted     7,405,672       7,259,472  
    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (UNAUDITED)
             
        Three Months Ended March 31,
        2025   2024
    Cash Flows from Operating Activities:                
    Net income   $ 26,388     $ 345,904  
    Adjustments to reconcile net income to net cash used in operating activities:                
    Depreciation and amortization     363,379       295,198  
    Stock based compensation     226,265       171,325  
    Change in expected credit losses     (6,995 )     —  
                     
    Changes in Assets and Liabilities:                
    Accounts receivable     (3,180,822 )     (3,177,694 )
    Other assets     15,319       —  
    Prepaid expenses and other current assets     2,936       (153,782 )
    Right of use asset     24,727       26,821  
    Accounts payable and accrued expenses     1,373,552       2,226,932  
    Deferred revenue     78,437       (26,078 )
    Operating lease liability     (22,993 )     (27,250 )
    Net Cash Used in Operating Activities     (1,099,807 )     (318,624 )
    Cash Flows from Investing Activities:                
    Capital expenditures     (67,519 )     (358,637 )
    Purchase of marketable securities     (120,906 )     (143,369 )
    Sale of marketable securities     975,000       200,000  
    Net Cash Provided by (Used in) Investing Activities     786,575       (302,006 )
    Cash Flows from Financing Activities:                
    Repayments of finance lease obligations related party     (33,879 )     (66,280 )
    Repayments of finance lease obligations     (17,641 )     (101,078 )
    Net Cash Used in Financing Activities     (51,520 )     (167,358 )
                     
    Effect of exchange rates on cash     212       —  
                     
    Net decrease in Cash     (364,540 )     (787,988 )
                     
    Cash, Beginning of Period     1,070,097       1,428,730  
                     
    Cash, End of Period   $ 705,557     $ 640,742  
    Supplemental Disclosures:                
    Cash paid for interest   $ 489     $ 8,855  
    Cash paid for income taxes   $ —     $ —  
    Non-cash investing and financing activities:                

    The following table shows the Company’s reconciliation of net income (loss) to adjusted EBITDA for the months ended March 31, 2025, and 2024:

    For the three months ended March 31, 2025
                         
        CloudFirst
    Technologies    		   CloudFirst
    Europe Ltd.    		   Nexxis Inc.   Corporate   Total
                         
    Net income (loss)   $ 1,077,591     $ (455,971 )   $ (7,243 )   $ (587,989 )   $ 26,388  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     333,615       29,235       209       320       363,379  
                                             
    Interest income     —       —       —       (120,906 )     (120,906 )
    Interest expense     2,009       —       —       —       2,009  
    Provision for income tax     —       —       —       —       —  
    Stock-based compensation     89,665       —       6,429       130,171       226,265  
                                             
    Adjusted EBITDA   $ 1,502,880     $ (426,736 )   $ (605 )   $ (578,404 )   $ 497,135  
    For the three months ended March 31, 2024
                         
        CloudFirst
    Technologies    		   CloudFirst
    Europe Ltd.    		   Nexxis Inc.   Corporate   Total
                         
    Net income   $ 914,372     $ —     $ (62,941 )   $ (505,527 )   $ 345,904  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     294,793       —       211       194       295,198  
    Interest income     —       —       —       (143,369 )     (143,369 )
    Interest expense     11,260       —       —       —       11,260  
    Stock-based compensation     52,969       —       6,671       111,685       171,235  
                                             
    Adjusted EBITDA   $ 1,273,394     $ —     $ (56,059 )   $ (537,017 )   $ 680,318  

    The MIL Network –

  • MIL-OSI: North America Drone Market Size Expected Reach $31 Billion By 2034 as Revenue Opportunities Jump

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Drones-As-A Service market is expected to continue substantial growth in the coming years. The adoption of advanced technologies in drones, such as thermal imaging, gas detection, and loudspeakers, is increasing, particularly in public safety and emergency response. Drones equipped with these technologies are used extensively by fire departments, search and rescue teams, and law enforcement to manage disasters and enhance surveillance​. The primary reasons for the adoption of these technologies include the need for enhanced operational efficiency and safety in executing complex tasks such as infrastructure inspections, disaster management, and agricultural monitoring. The ability of drones to provide high-resolution imagery and real-time data is invaluable in these contexts, enabling better decision-making and resource allocation​. A report from Market.us projected that the North America Drone Market size is expected to be worth around USD 31,062.9 Million By 2034, from USD 11,445.1 Million in 2024, growing at a CAGR of 10.5% during the forecast period from 2025 to 2034.The U.S. Drone market was estimated at USD 10,869.4 Million in 2024 and is expected to grow at a CAGR of 10.4% from 2025 to 2034. The report said: “The primary reasons for the adoption of these technologies include the need for enhanced operational efficiency and safety in executing complex tasks such as infrastructure inspections, disaster management, and agricultural monitoring. The ability of drones to provide high-resolution imagery and real-time data is invaluable in these contexts, enabling better decision-making and resource allocation​.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO), AeroVironment, Inc. (NASDAQ: AVAV).

    The Market.us report continued: “The North America drone market is characterized by a significant presence of small and medium-sized enterprises, with a considerable portion being small drone companies. This market is seeing growth in diversity with the entry of major tech companies like Alphabet and Intel. The integration of cutting-edge technologies by companies such as DJI, which recently introduced a LiDAR system for professional surveying, exemplifies the ongoing innovation within this sector. Several key drivers are propelling the North America drone market. Regulatory developments have played a crucial role, especially with the Federal Aviation Administration (FAA) updating rules to allow more extensive commercial drone operations, including beyond visual line of sight (BVLOS) flights​. Additionally, technological advancements in drone hardware and software are enhancing their capabilities, making them more appealing for commercial applications​.” It concluded: “The US Drone Market is valued at approximately USD 10,869 Million in 2024 and is predicted to increase from USD 11,999 Million in 2025 to approximately USD 29,233.5 Million by 2034, projected at a CAGR of 10.4% from 2025 to 2034. The presence of supportive government policies and Federal Aviation Administration (FAA) regulations has facilitated controlled commercial drone operations, especially in areas such as logistics, agriculture, and infrastructure inspection. Moreover, consistent investment by the U.S. Department of Defense in military drones has further strengthened the market.”

    ZenaTech (NASDAQ:ZENA) Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.

    First Quarter 2025 Highlights:

    • Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.
    • ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
    • The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
    • The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.
    • ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
    • Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
    • The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
    • The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
    • ZenaTech further expanded its Taiwan drone component manufacturer─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.

    “The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up 92% primarily due to acquisitions and organic growth across both our software and drone segments,” said CEO Shaun Passley, Ph.D. “During the first quarter we launched our Drone as a Service or DaaS business segment with a vision to have a national footprint in the US and globally.”

    “Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.

    “We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Drone-as-a-Service (DaaS) Exterior Building Power Washing to Dubai Tapping into a Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it is expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. The company is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZenaTech will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah.

    The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports , fueled by increasing demand for safe, efficient and cost-effective maintenance solutions.

    “With rising demand for tech-enabled and efficient maintenance solutions, whether for power washing buildings, renewable energy assets, or public spaces, we believe AI-powered drones will bring new safety standards, cost-efficiency, and greater environmental sustainability to maintenance tasks. UAE’s openness to innovative technology makes it an ideal launchpad for these DaaS solutions that we hope to expand to all seven emirates in addition to the US and Europe,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently reported its financial results for the first quarter ended March 31, 2025 and provides a corporate update.

    Recent Operational Highlights:

    • Announced the expansion of our multi-domain Family of Systems with a new line of Unmanned Surface Vessels (USVs). This strategic move marks Red Cat’s official entry into the rapidly evolving maritime autonomy market and reinforces its position as a provider of comprehensive, interoperable unmanned systems for air, land, and sea operations.
    • Expanded our Red Cat Futures Industry Consortium to include Palantir and Palladyne to boost AI capabilities in contested environments, including visual navigation.
    • Introducing Black Widow™ and Edge 130 drones to the Latin American market at LAAD 2025 in Rio De Janeiro, Brazil in April 2025.
    • Introduced our Black Widow™ short-range reconnaissance drone and Edge 130 Tricopter to the Middle East market at the International Defense Exhibition and Conference in Abu Dhabi, UAE, Feb 17-21, 2025.
    • Introduced Black Widow™ to the Asia Pacific Market at the AISSE conference in Putrajaya, Malaysia in January 2025.
    • Announced that the Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.
    • Partnered with Palantir to deploy Warp Speed, Palantir’s manufacturing OS. This collaboration will transform our supply and manufacturing operations with Palantir’s AI enabled monitoring, process flow enhancement and comprehensive data analysis. Palantir’s Warp Speed will optimize Red Cat’s production and streamline its supply chain, change management, and quality assurance, ultimately reducing costs and improving margins.

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of 20 high-performance RedEdge-P cameras to Wingtra, a global leader in vertical take-off and landing (VTOL) drone surveying technology.

    This transaction strengthens the partnership between AgEagle and Wingtra, combining AgEagle’s advanced camera technology with Wingtra’s innovative drone platforms to deliver unparalleled aerial mapping and surveying solutions. The cameras are designed for precision agriculture and environmental monitoring, water management, and geospatial applications, and support Wingtra’s ability to provide high-quality data collection for its customers worldwide.

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading drone solutions and systems developer, recently announced its first quarter financial results. Key Financial and Operational Highlights for Q1 2025:

    • Revenue for the first quarter of 2025 was $1,547,715 which represents a 16% year over year increase. Product sales of $1,541,811 were up 24.5% over the same period last year.  
    • Gross profit for Q1 2025 was $310,088 up 10.7% from $280,011 for the same period last year. Gross margin percentage for Q1 2025 was 20.0% compared to 21.1% in Q1 2024. Gross profit would have been $271,422 and gross margin would have been 17.5%, not including a one-time non-cash recovery of a write down of inventory of $38,666. The decrease is due to the sales mix of the products sold.  
    • The comprehensive loss for the period of $3,433,712 includes non-cash changes comprised of a positive change in fair value derivative of $157,830, a recovery of a write down of inventory of $38,666, and an impairment gain on notes receivable of $25,951 and would otherwise be a comprehensive loss of $3,656,159 vs an adjusted comprehensive loss of $3,559,976 for the same period last year. Contributors to the slight year-over-year increase are increased research and development, office and miscellaneous, professional fees, share based payments, and wages offset by change in derivative liability.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced a new contract with the Dutch Ministry of Defence (MoD) to modernize the Netherlands’ Puma™ UAS fleet with expanded capabilities for enhanced situational awareness and operational effectiveness.

    Under the contract, the Dutch MoD is modernizing its Puma 3 AE UAS fleet with advanced capabilities that empower forces to carry out mission-critical operations autonomously and securely—even in GPS-denied and contested environments. Upgrades will boost survivability, strengthen communications and add the option for vertical take-off and landing (VTOL) to maximize operational agility. Deliveries are underway, with the upgraded systems set for rapid deployment at the squad and platoon levels.

    Additionally, the Netherlands is expanding its UAS portfolio with the acquisition of Puma LE, which delivers extended endurance and range. Both Puma 3 AE and Puma LE provide scalable ISR capabilities for tactical formations and civilian missions.

    About FN Media Group:

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

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

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

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

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

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Beeline Appoints Veteran Public Company Executive Frank Knuettel II to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Providence, RI, May 15, 2025 (GLOBE NEWSWIRE) — Beeline Holdings, Inc. (NASDAQ: BLNE), a next-generation digital mortgage lender focused on transforming real estate investment financing, today announced the appointment of Frank Knuettel II to its Board of Directors, effective immediately.

    Mr. Knuettel brings more than two decades of executive leadership experience across dynamic, early-stage public companies in the technology and life sciences sectors. He currently serves as Chief Executive Officer of Channel Therapeutics Corporation since 2023, having started as CFO in 2022. Known for his operational discipline and M&A acumen, Mr. Knuettel has helped companies scale aggressively, including spearheading a revenue expansion at Unrivaled Brands from $10 million to $100 million annualized in just six quarters through strategic acquisitions.

    “Frank’s addition to the board marks a pivotal moment in Beeline’s growth story,” said Nick Liuzza, CEO of Beeline. “His deep capital markets knowledge, proven ability to lead and scale businesses, and transactional experience across more than 15 M&A deals will be invaluable as we expand our footprint and product offerings in the investment lending market.”

    Throughout his career, Mr. Knuettel has raised over $400 million in public and private capital and has held leadership roles at multiple high-growth companies, including CFO of IP Commerce, a fintech platform provider, and Chief Strategy Officer at MJardin Group. He currently serves on the board of Etheros Pharmaceuticals Corp. and has held board seats at both public and private companies.

    Mr. Knuettel holds a BA with honors in Economics from Tufts University and earned his MBA in Finance and Entrepreneurial Management from The Wharton School at the University of Pennsylvania.

    “I’m excited to join the Beeline board at such a dynamic time,” said Mr. Knuettel. “The company’s technology-driven approach to simplifying investment property financing has significant potential, and I look forward to supporting the team as they execute on their ambitious vision.”

    About Beeline Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions.

    Contact: 
    ir@makeabeeline.com 

    The MIL Network –

  • MIL-OSI: Brag House CEO Lavell Juan Malloy II Featured in Authority Magazine’s “Startup Revolution” Series

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the premier Gen Z engagement platform at the intersection of gaming, college sports, and social interaction, today announced that CEO and Co-Founder Lavell Juan Malloy II was profiled in Authority Magazine’s widely read Startup Revolution series, which highlights innovative companies and the leaders reshaping their industries.

    In the interview, Malloy reflects on the founding of Brag House, the challenges and lessons learned while scaling the business, and the Company’s commitment to redefining how Gen Z connects with brands, sports, and digital communities.

    “We are creating more than just a platform—we are building a new digital sports medium tailored to Gen Z,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “It’s about creating a space where school pride, gaming, and meaningful engagement collide in a way that speaks directly to how Gen Z interacts with culture and brands.”

    The profile discusses Brag House’s:

    • Origins from a community gap left by the discontinuation of EA’s NCAA Football game;
    • Landmark partnerships with Coca-Cola, McDonald’s, and Learfield to support immersive, college-aligned gaming activations;
    • New initiatives like the Brag Gators Gauntlet series and the upcoming rollout of a subscription-based insights product, designed to help brands connect with Gen Z in a privacy-first, data-rich manner.

    “By merging gameplay with school spirit, and backing it with real-time analytics and scalable monetization tools, we’re creating a powerful framework that will enable brands to reach Gen Z with greater precision, authenticity, and ROI,” added Malloy.

    As highlighted in the Company’s recent 10-K filing, Brag House is executing a multi-university activation roadmap with Learfield and continuing to invest in platform enhancements, branded experiences, NIL-integrated content, and digital loyalty tokens to scale its revenue model and user base.

    To read the full Authority Magazine interview, visit: https://medium.com/authority-magazine/startup-revolution-lavell-juan-malloy-ii-of-brag-house-on-how-their-emerging-startup-is-changing-c960cbd576aa

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

    Forward-Looking Statements
    This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, but are not limited to, statements relating to the Company’s strategic roadmap, potential monetization of new products or features, brand partnerships, or expected growth in user engagement. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. Please refer to the “Risk Factors” section of the Company’s filings with the Securities and Exchange Commission, available at www.sec.gov. The Company assumes no obligation to update any forward-looking statements except as required by law.

    Media Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

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

    The MIL Network –

  • MIL-OSI: Hallador Energy to Participate in Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    TERRE HAUTE, Ind., May 15, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”), today announced its participation in three upcoming investor conferences scheduled for May and June 2025.

    • B. Riley Securities 25th Annual Investor Conference is being held May 21-22 at The Ritz Carlton in Marina del Rey, CA. The Company will participate in an analyst hosted roundtable and hold 1×1 meetings throughout the day on May 21.
    • Jefferies Power Conference is being held June 5 at the Allen Center in Houston, TX. The Company will hold 1×1 meetings throughout the day.
    • Northland Growth Conference is being held virtually on June 25. The Company will hold 1×1 meetings throughout the day.

    To request a meeting with Hallador’s management team, please contact the respective conference representative or email the Company’s investor relations team at HNRG@elevate-ir.com.

    About Hallador Energy Company

    Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at www.halladorenergy.com.

    Company Contact

    Marjorie Hargrave
    Chief Financial Officer
    MHargrave@halladorenergy.com

    Investor Relations Contact

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    HNRG@elevate-ir.com

    The MIL Network –

  • MIL-OSI: LPL Financial Asks What If You Could? in New Brand Campaign

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 15, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC launched today a strategic marketing campaign designed to reach new audiences and elevate the firm’s brand strength by asking the simple yet provocative question, What If You Could?  

    Featuring actor Anna Kendrick, the first-of-its-kind campaign for the company launches this month and includes a series of video, social, out-of-home, print and digital ads that will run across business, sports and lifestyle outlets throughout the country.    

    “Our business was founded on the aspiration of broadening access to personalized financial advice for all who need it,” said Rich Steinmeier, LPL Financial Chief Executive Officer. “We’ve been quietly delivering on that purpose ever since, focusing on the technology, services and breadth of capabilities that today empower more financial professionals than any other firm in the industry.*   

    “Based on advisor feedback, we’re introducing LPL Financial to the consumer market for the first time, establishing a connection with the people who rely on LPL advisors and affiliated institutions to help them reach their goals,” he added. “Through this investment, we’re ready for our brand to be as powerful as the services we provide.”   

    Formed in 1989 as an accessible alternative to traditional Wall Street firms, LPL Financial is now among the most successful companies in wealth management. Through the company’s vast network of independent financial advisors as well as advisors affiliated with financial institutions, including banks, credit unions and insurance companies, LPL now services and custodies approximately $1.8 trillion in assets on behalf of approximately 7 million Americans.   

    “We’re stepping into the spotlight to embrace the same ambition of our founders,” said Christa Carone, managing director, chief marketing and communications officer at LPL Financial. “For a company that operates in service of helping people realize their dreams, we believe the only question really should be, What If You Could? It’s through this innovative spirit that LPL is taking ownership of its market position, amplifying our brand presence to align with the firm’s growing scale and success.”   

    In partnering with Anna Kendrick, LPL’s storytelling brings a fresh perspective to wealth management marketing, creating memorable moments that spark curiosity and encourage aspiration.    

    “What If You Could? is such a powerful question that provokes endless possibilities for everyone,” said Kendrick. “Just imagine the potential when the greener grass is always on your side. LPL is in a position to make this happen. It’s really cool to partner with the company that is helping people see all that their future can hold.”   

    To review the creative assets for the campaign, including a behind-the-scenes video from the TV shoot with Anna Kendrick, visit whatifyoucould.com.   

    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 over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 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 LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.    

    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.   

    * U.S. Broker/Dealer Marketplace 2024 and 2024 RIA Marketplace report   

    Media Contact:    
    Media.relations@LPLFinancial.com    

    Tracking #736574

    The MIL Network –

  • MIL-OSI: CORRECTION — Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) — In a release issued under the same headline on May 14, 2025 by The Gabelli Multimedia Trust Inc. (NYSE:GGT) please note that in the table, the September Payable Date should be September 23, 2025, not September 16, 2025, as previously stated. The corrected release follows:

    The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Directors declared cash distributions as set forth below for each of July, August, and September 2025.

     Distribution Month  Record Date  Payable Date  Distribution Per Share
     July  July 17, 2025  July 24, 2025  $0.07
     August  August 15, 2025  August 22, 2025  $0.07
     September  September 16, 2025  September 23, 2025  $0.08

    Under its monthly distribution policy, the Fund will continue to pay a $0.22 per share quarterly distribution, with $0.07 per share paid for each of the first two months of the quarter and $0.08 per share paid in the third month of each quarter.

    In light of the above policy, the Fund previously declared a $0.14 per share cash distribution (covering the months of April and May) payable on May 22, 2025 to common stock shareholders of record on May 15, 2025, and a $0.08 per share cash distribution payable on June 23, 2025 to common stock shareholders of record on June 13, 2025. The distributions reflect an annualized distribution of $0.88 per share.

    The Fund previously paid quarterly distributions in accordance with a “managed distribution policy” adopted pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission, which permitted the Fund to distribute long-term capital gains more frequently than the limits provided in the Investment Company Act and the rules and regulations thereunder. The Fund no longer intends to rely on this exemptive relief to maintain a managed distribution policy in connection with its monthly distributions.

    The Fund currently intends to make monthly cash distributions of all or a portion of its investment company taxable income (which includes ordinary income and realized net short term capital gains) to common shareholders. The Fund also intends to make annual distributions of its realized net long term capital gains, if any. The Fund, however, may make more than one capital gain distribution to avoid paying U.S. federal excise tax. A portion of each distribution may be a return of capital. Various factors will affect the level of the Fund’s income. To permit the Fund to maintain more stable distributions, the Fund may from time to time distribute more or less than the entire amount of income earned in a particular period. The Fund’s distribution policy may be modified from time to time by the Board as it deems appropriate, including in light of market and economic conditions and the Fund’s current, expected and historical earnings and investment performance. Because the Fund’s monthly distributions are subject to modification by the Board at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency.

    Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would be deemed 100% from paid-in capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Carter Austin
    (914) 921-5475

    About The Gabelli Multimedia Trust
    The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $194 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE: GGT
    CUSIP – 36239Q109

    Investor Relations Contact:
    Carter Austin
    (914) 921-5475
    caustin@gabelli.com

    The MIL Network –

  • MIL-OSI: Lion Copper and Gold Corp. to Present at the Precious Metals & Critical Minerals Hybrid Investor Conference on May 22nd

    Source: GlobeNewswire (MIL-OSI)

    YERINGTON, Nev., May 15, 2025 (GLOBE NEWSWIRE) — Lion Copper and Gold Corp. (OTCQB:LCGMF / CSE:LEO), based in Yerington, Nevada focused on its Yerington Copper Project, today announced that John Banning, Chief Executive Officer, will present live at the Precious Metals & Critical Minerals Hybrid Investor Conference, hosted by VirtualInvestorConferences.com, on May 22nd, 2025.

    DATE: May 22nd, 2025
    TIME: 2:00 PM ET
    LINK: REGISTER HERE

    This will be a live, interactive in-person and online event where investors are invited to ask the company questions in real-time. If you would like to attend in-person, please email johnv@otcmarkets.com for an attendee pass. 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

    • Lion Copper & Gold Regains Critical Water Rights for Yerington Copper Project
    • Lion Copper & Gold Provides PFS Update
    • Lion Copper & Gold Receives US$5 Million Additional Nuton Funding
    • Lion Copper & Gold Announces Drill Results at Yerington Copper Project
    • Lion Copper & Gold Announces Yerington Bear Deposit Diamond Drill Results

    About Lion Copper and Gold Corp.

    Lion Copper and Gold Corp. is advancing its flagship copper project in Yerington, Nevada through an Option to Earn-in Agreement with Nuton LLC, a Rio Tinto Venture.

    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:

    Lion Copper and Gold Corp.
    John Banning
    Chief Executive Officer
    775 463 9600
    jbanning@lioncg.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: Cygnus Metals to Present at the Precious Metals & Critical Minerals Hybrid Investor Conference on May 22nd

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Cygnus Metals Ltd. (ASX: CY5, TSXV: CYG, OTCQB: CYGGF), based in Perth, Western Australia, focused on the Chibougamau Copper-Gold Project in Quebec, Canada, today announced that Ernest Mast, President and Managing Director, will present live at the Precious Metals & Critical Minerals Hybrid Investor Conference, hosted by VirtualInvestorConferences.com, on May 22nd , 2025.

    DATE: May 22nd, 2025
    TIME: 3:15 PM EDT
    LINK: REGISTER HERE

    This will be a live, interactive in-person and online event where investors are invited to ask the company questions in real-time. If you would like to attend in-person, please email johnv@otcmarkets.com for an attendee pass. 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

    • High-grade gold assays reported at Golden Eye (see announcement May 8, 2025)
    • Strong drilling results at Corner Bay (see announcement March 18, 2025)
    • Cygnus is continuing to compile the data across the camp and deliver additional drill targets as the Company looks to execute its strategy of value creation through resource growth and conversion drilling.

    About Cygnus

    Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

    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:

    Cygnus Metals Ltd.
    Ernest Mast
    President and Managing Director
    Email: emast@cygnusmetals.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: StrikePoint to Present at the Precious Metals & Critical Metals Hybrid Investor Conference on May 22nd

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) — StrikePoint Gold (SKP: TSX.V) (STKXF: OTCQB) based in Vancouver, BC, with gold assets in Nevada, today announced that CEO Michael G. Allen will present live at the Precious Metals & Critical Metals Hybrid Investor Conference, hosted by VirtualInvestorConferences.com, on May 22nd, 2025.

    DATE: May 22nd, 2025

    TIME: 10:00 AM ET

    LINK: REGISTER HERE

    This will be a live, interactive in-person and online event where investors are invited to ask the company questions in real-time. If you would like to attend in-person, please email johnv@otcmarkets.com for an attendee pass. 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

    • May 8 – StrikePoint Signs Definitive Agreement to Sell BC Property for C$1.1 Million
    • May 5 – StrikePoint Drills Broad Zones of Near Surface Oxide Gold at the Hercules Gold Project, Nevada
    • April 28 – StrikePoint Drills Near-Surface High Grade Oxide Gold at the Hercules Gold Project, Nevada
    • March 3– StrikePoint Reports Exploration Target on Hercules Gold Project

    About Strikepoint Gold

    Headed by CEO Michael G. Allen, StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada.

    Mr. Allen has been working in the Walker Lane for the last 15 years, with multiple transactions completed in that timeframe including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire to Coeur Mining for approximately $120 million. The Sterling Gold Project is now part of AnglogGold Ashanti’s “Expanded Silicon” project. In addition, Mr. Allen was the past President and CEO of Elevation Gold Mining Corporation, which operated Arizona’s largest gold mine.

    The Management and Board of StrikePoint has strong expertise in exploration, finance and engineering.

    StrikePoint is rapidly becoming one of the largest holders of mineral claims within the Walker Lane of Nevada with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project.

    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.

    Qualified Person Statement

    All technical data, as disclosed in this press release, has been verified by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101.

    CONTACTS:

    Strikepoint Gold Inc.

    Knox Henderson
    T: (604) 551-2360
    E: kh@strikepointgold.com 
    W: www.strikepointgold.com 

    Virtual Investor Conferences

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

    Cautionary Statement on Forward Looking Information

    Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “speculates”, “could” or “would”.

    All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

    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 release.

    The MIL Network –

  • MIL-OSI: Havila Shipping ASA: Annual General Meeting 2025 held

    Source: GlobeNewswire (MIL-OSI)

    The Annual General Meeting in Havila Shipping ASA was held on 15 May 2025.

    All proposals were approved according to the distributed agenda.

    The minutes of meeting is attached and will be made available at the company website.

    Contacts:
    Chief Executive Officer Njål Sævik, +47 909 35 722
    Chief Financial Officer Arne Johan Dale, +47 909 87 706

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

    Attachment

    The MIL Network –

  • MIL-OSI: T1 Energy Takes Steps to Bring Investment to G2_Austin Solar Cell Project

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 15, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced this morning that the Company has entered into a Heads of Agreement to pursue an investment in the planned G2_Austin 5 GW solar cell manufacturing facility. The non-binding agreement was signed this week at a ceremony in Riyadh hosted by the Saudi Ministry of Investment (“MISA”) to commemorate the Trump administration’s ‘America First’ program and the Kingdom’s commitment to investing in critical U.S. energy infrastructure projects.

    “We wish to extend our sincerest appreciation to the Saudi Ministry of Investment for hosting our delegation. We are honored to sign this landmark agreement which is intended to bring in strategic capital to support America’s advanced manufacturing sector,” said Daniel Barcelo, T1’s Chief Executive Officer and Chairman of the Board. “The U.S. needs to establish a domestic solar manufacturing supply chain, and T1 is at the forefront of that mission with our world-class operating G1_Dallas facility and planned G2_Austin project. This agreement is a positive step towards an investment to accelerate our development plans and our strategy to become a U.S. solar energy leader built on domestic content and leading-edge technology.”

    Representatives from T1 and our Saudi partner, Manaar Gulf Saudi Arabia Ltd., signed the agreement on May 13th at a ceremony in Riyadh welcoming a U.S. delegation from the Trump administration and U.S. industrial partners to the Kingdom. The event promoted Gulf Corporation Council investment in America to support the ‘America First’ agenda.

    “T1 is grateful to be part of a larger conversation to reshore American manufacturing through cooperative efforts with our overseas industrial partners,” added Daniel Barcelo. “With this agreement in place, our teams will be working to secure this capital and advance T1’s mission to bring investment, jobs, and key supply chains to America. As this relationship develops, we are also pleased to examine complementary opportunities to invest in the Kingdom’s solar manufacturing sector.”

    About T1 Energy

    T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

    To learn more about T1, please visit www.T1energy.com and follow us on social media.

    Investor contact:

    Jeffrey Spittel
    EVP, Investor Relations and Corporate Development
    jeffrey.spittel@T1energy.com
    Tel: +1 409 599 5706

    Media contact:

    Russell Gold
    EVP, Strategic Communications
    russell.gold@T1energy.com
    Tel: +1 214 616 9715

    Cautionary Statement Concerning Forward-Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: a potential investment in G2 Austin; the Company’s ability to bring in strategic capital to support America’s advanced manufacturing sector; the Company being at the forefront of the development of domestic solar manufacturing supply chains; the Company’s development plans and strategy to become a U.S. solar energy leader built on domestic content and leading-edge technology; the investment by the Gulf Corporation Council in America to support the ‘America First’ agenda; T1’s participation in the reshoring of American manufacturing; the Company’s mission to bring investment, jobs and key supply chains to America; and any complementary opportunities that T1 may explore with respect to investments in the Kingdom’s solar manufacturing sector. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

    T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

    The MIL Network –

  • MIL-OSI: Intchains Group Limited to Participate in the “Virtual Digital Assets Seminar” Presented by Benchmark Company on Tuesday, May 20th at 9:45 a.m. EDT

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications, today announced it will be attending The Benchmark Company’s first iteration of their Virtual Digital Assets Seminar on Tuesday, May 20th EDT. 

    The event features virtual Fireside Chats with dynamic public and private Digital Assets companies, moderated by Mark Palmer, Benchmark’s Fintech & Digital Assets Senior Analyst. These interactive conversations offer a platform for companies to share their growth strategies, market insights, and leadership perspectives in a format that encourages thoughtful dialogue and deeper investor engagement. The sessions are designed to spark long-term interest from Benchmark’s network of institutional investors.

    To register, please submit your request through the provided registration link: https://www.benchmarkcompany.com/digital-assets-virtual-seminar/

    About Intchains Group Limited

    Intchains Group Limited is a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications. For more information, please visit the Company’s website at: https://intchains.com/.

    About The Benchmark Company

    The Benchmark Company is an institutionally focused, research driven, sales trading and investment banking firm. We were founded in 1988 and are headquartered in New York City. Our focus is on fostering the long-term success of our corporate clients through raising capital, providing strategic advisory services, generating insightful research, and developing institutional sponsorship by leveraging the firm’s sales, trading, and equity research capabilities. https://www.benchmarkcompany.com.

    Contacts:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Launches Enterprise-Grade Security Framework Ahead of Nova App Release

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 15, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris has officially rolled out its enterprise-grade security framework, establishing the technical foundation for the upcoming Nova App launch and broader public participation in its blockchain ecosystem. Designed for scale, speed, and verifiability, this framework represents a critical step in the project’s roadmap toward secure global adoption.

    Dual-Layer Architecture for Proven Resilience

    At the heart of Bitcoin Solaris is a dual-layer blockchain system tailored to meet the evolving demands of decentralized infrastructure. The architecture divides responsibilities between two dedicated layers to optimize both security and performance:

    • The Base Layer secures the ledger through a hybrid consensus mechanism that combines Proof-of-Stake (PoS)with Proof-of-Capacity (PoC). This structure promotes decentralization while reducing energy consumption and preserving data integrity.
    • The Solaris Layer supports smart contract execution and high-throughput transaction processing using Proof-of-History (PoH) and Proof-of-Time (PoT). This allows the network to achieve sub-2-second finality and scale to over 10,000 transactions per second, accommodating real-time applications across DeFi, gaming, and identity solutions.

    This layered approach is designed to operate at the protocol level—not as an external scalability patch—delivering consistent, auditable performance under load.

    Independent Security Audits and Full KYC Verification

    Bitcoin Solaris has taken proactive steps to validate its security claims with independent third-party audits and verified project governance. Key milestones include:

    • Cyberscope Audit evaluated the entire smart contract stack for logical flaws, vulnerabilities, and attack vectors.
    • Freshcoins Audit examined token logic, emissions, and compliance with common Solidity standards.
    • KYC Verification confirmed the identity of the core team—an increasingly rare and important factor for trust.

    These audits were conducted as part of the network’s build phase, ensuring security measures are embedded in the protocol itself rather than applied reactively post-launch.

    Security at the Edge: Mobile Mining via Nova App

    In parallel with its enterprise-grade backend, Bitcoin Solaris is finalizing the launch of the Nova App, a smartphone-based mining application. Designed for accessibility, the app enables users to allocate unused device resources—such as idle CPU and storage—to participate in token mining.

    The system runs in the background with no need for staking, validator setup, or private key handling. All mining logic and reward calculations are processed through the same audited smart contracts that govern the Solaris Layer, providing a secure and transparent user experience from end to end.

    Fixed Supply and Predictable Emissions

    Bitcoin Solaris maintains a fixed supply of 21 million BTC-S tokens, following a halving-based emission model similar to traditional sound money systems. There is no inflation, and token creation is governed entirely by protocol logic.

    The project is currently in Presale Phase 3, with BTC-S priced at 3 USDT. Only 4.2 million tokens (20%) are allocated for this phase, and the price will rise to 4 USDT in Phase 4. This structured release supports long-term stability while rewarding early network participants.

    In a detailed video walkthrough, Crypto Chino explores how Bitcoin Solaris’s security framework stacks up against projects like Dogecoin, which have cultural appeal but minimal infrastructure oversight. The video highlights the architectural design, Nova App integration, and why formal audits are more than just paperwork — they’re essential to building user trust.

    Built for Trust, Designed for Growth

    Bitcoin Solaris is building a blockchain ecosystem that aligns with the demands of real-world use—security, speed, transparency, and accessibility. From its dual-consensus architecture to its audited smart contract layer and mobile-first mining app, the project aims to deliver infrastructure that is both future-ready and user-friendly.

    With the Nova App set to roll out in the coming weeks and public participation expanding rapidly, Bitcoin Solaris is establishing itself as a secure, scalable platform for the next generation of blockchain users.

    Website: https://bitcoinsolaris.com
    X (Twitter): https://x.com/BitcoinSolaris
    Telegram: https://t.me/Bitcoinsolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9c5eba49-6baa-48dd-8328-4b81ad6cefe6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2442c88f-ef34-4855-8bcb-94b1e509528b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8979d398-26a6-4044-819d-5f7940742235

    https://www.globenewswire.com/NewsRoom/AttachmentNg/10cdb880-35fe-4b90-9347-0d53efe70dfb

    The MIL Network –

  • MIL-OSI: Nuvini Group Completes Acquisition of B2B SaaS Platform Munddi

    Source: GlobeNewswire (MIL-OSI)

    ~ Successfully Marks the First of Four Anticipated Acquisitions in 2025 ~

    ~ Creates New Synergies to Drive Revenue Growth and Enhance NVNI’s Ecosystem of B2B SaaS Solutions across Latin America ~

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private B2B SaaS companies in Latin America, today announced that it has completed its previously announced acquisition of Munddi Soluções em Tecnologia Ltda. – ME (“Munddi”), an online platform that connects brands with consumers, suppliers, and retail chains based in São Paulo, Brazil. This successfully marks the first of four planned acquisitions in 2025 as part of Nuvini’s ongoing expansion strategy, creating new synergies to drive revenue growth and enhance its ecosystem of B2B solutions across Latin America.

    “We are excited to announce the acquisition of Munddi has been completed, reflecting our commitment to execute on our strategy of acquiring, managing, and scaling companies that add strategic value to our network,” said Pierre Schurmann, CEO of Nuvini. “This acquisition will unlock cross-selling opportunities across our ecosystem of B2B SaaS solutions, particularly as it relates to our retail and supply chain solutions consisting of Onclick, Leadlovers, and Mercos. By the end of the year, we expect to close three additional acquisitions and we are optimistic for the future of Nuvini as we further enhance our positioning as the leading B2B SaaS solutions provider across Latin America and continue to drive shareholder value.”

    About Munddi
    Founded in 2015, Munddi helps small retailers acquire new customers by providing strategic insights and facilitating online product sourcing from regional suppliers. The platform empowers both manufacturers and retailers with data-driven business opportunities, streamlining the connection between buyers and sellers in the retail supply chain.

    About Nuvini
    Headquartered in São Paulo, Brazil, Nuvini is Latin America’s leading private serial acquirer of B2B SaaS companies. The company focuses on acquiring profitable, high-growth SaaS businesses with strong recurring revenue and cash flow generation. By fostering an entrepreneurial environment, Nuvini enables its portfolio companies to scale and maintain leadership within their respective industries. The company’s long-term vision is to buy, retain, and create value through strategic partnerships and operational expertise.

    Disclaimer and Forward-Looking Statements

    Any obligation of the Company under the Term Sheet is subject to, among other things, the execution of the relevant definitive transaction documents, the result of a due diligence on Munddi, the satisfaction of conditions precedent for a transaction of this nature. There can be no assurance that any definitive transaction agreements will be entered into or that the potential Munddi acquisition will be consummated on the terms set forth herein, or at all. Therefore, it is possible that such potential acquisition may never occur.

    Statements about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the potential Munddi acquisition and the Term Sheet, including the Concurrent Investment and the other terms thereof. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, without limitation: the Company’s ability to negotiate and enter into a definitive agreement with respect to the potential Munddi acquisition or any other alternative proposals on terms satisfactory to the Company, as well as the desirability of any such potential Munddi acquisition compared to alternatives which may be available to the Company; if a definitive agreement is reached, the Company’s ability to complete the potential acquisition on the anticipated timeline or at all,; general market conditions that could affect the consummation of the potential acquisition; if definitive documents with respect to a potential acquisition are executed, whether the parties will achieve any of the anticipated benefits of any such Proposed Transaction; and other factors discussed in the “Risk Factors” section of the Company’s Quarterly and Annual Reports filed with the SEC, and the risks described in other filings that the Company may make with the SEC. Any forward-looking statements speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Investor Relations Contact
    Sofia Toledo
    ir@nuvini.co

    MZ North America
    NVNI@mzgroup.us

    The MIL Network –

  • MIL-OSI: Cerence to Participate in Two Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that the company will participate in two upcoming investor conferences.

    On Thursday, May 29, 2025, at 10:50 a.m. ET, Tony Rodriquez, the Company’s CFO, will participate in a fireside chat at the TD Cowen 53rd Annual Technology, Media and Telecom Conference.

    On Tuesday, June 10, 2025, at 12:30 p.m. ET, Mr. Rodriquez will participate in a fireside chat at the Evercore ISI Global Automotive OEM, Dealer & Supplier Conference.

    Live webcasts of the events will be available on the Company’s website at www.cerence.ai under the “Investors” section. Replays of the webcasts will be available for 90 days after the events.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    The MIL Network –

  • MIL-OSI: Fold Introduces the Most Convenient Way to Buy and Share Bitcoin with New Bitcoin Gift Card

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, May 15, 2025 (GLOBE NEWSWIRE) — Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), the first publicly traded bitcoin financial services company, is revolutionizing how consumers acquire and share bitcoin with the launch of the Fold Bitcoin Gift Card. Built with Fold’s proprietary technology, this innovative new offering makes buying and gifting bitcoin as simple as purchasing a traditional gift card.

    Gift cards represent an over $300 billion market, with 84% of consumers transacting with them annually. Inspired by the success of alternative financial assets in retail, such as Costco’s $200 million in monthly gold sales, Fold is paving the way for bitcoin to be integrated into the traditional gift card market.

    “Our mission is to make bitcoin simple and approachable for everyone. The Bitcoin Gift Card brings bitcoin to millions of Americans in a familiar way,” said Will Reeves, Chairman and CEO of Fold. “Available at the places people already shop, the Bitcoin Gift Card is the best way to gift bitcoin to others.”

    Starting today, the Fold Bitcoin Gift Card is available through Fold’s website at FoldApp.com/bitcoin-gift-card. In the coming months, Fold will expand the availability of the product to online and physical retail locations nationwide, making bitcoin accessible at the stores consumers know and trust.

    Fold’s Bitcoin Gift Card was developed in partnership with Totus. With access to over 150,000 points of distribution nationwide, Totus will enable Fold to distribute its Bitcoin Gift Card broadly across the nation’s retail footprint.

    About Fold

    Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. With over 1,485 BTC in its treasury, Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card, Bitcoin Gift Card, and Fold Card, the company is building the bridge between traditional finance and the bitcoin-powered future.

    About Totus

    Totus is the leading provider of gift card issuance and program management services for digitally native, consumer-obsessed retailers. Through the Totus Gift Card Network, retailers can reach new customers, reward existing ones, and get their brand in places it’s never been before without having to take on any of the risks or complexity.

    For investor inquiries, please contact:
    Orange Group
    Samir Jain, CFA
    FoldIR@orangegroupadvisors.com

    For media inquiries, please contact:
    Elev8
    Jessica Starman, MBA
    media@foldapp.com

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 Revenue up 19% Year-Over-Year to $164.2 Million

    Q1 Net Income up Significantly to $12.2 Million Compared to a Net Loss of $4.2 Million in the Prior Year Quarter

    Q1 Adjusted Gross Profit up 92% Year-Over-Year to $33.1 Million

    Q1 Adjusted EBITDA up 315% Year-Over-Year to $20.3 Million

    Q1 Cash from Operations of $16.3 Million

    ATLANTA, May 15, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (Nasdaq: BTM) (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the first quarter ended March 31, 2025. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An earnings presentation and link to the webcast will be made available at ir.bitcoindepot.com.

    “Bitcoin Depot delivered a remarkable first quarter, with 19% year-over-year revenue growth and a more than threefold increase in Adjusted EBITDA to $20 million,” said Brandon Mintz, Founder and CEO of Bitcoin Depot. “This performance demonstrates the strength of our operating model, the success of our kiosk optimization strategy, and the powerful cash flow we can generate once fixed costs are covered. In fact, with the cash generated in Q1, we strengthened our balance sheet by increasing our bitcoin holdings and building our cash balance, positioning us for continued growth and flexibility. Looking ahead, we remain focused on scaling responsibly, both domestically and internationally, while delivering sustained value to both our customers and shareholders.”

    First Quarter 2025 Financial Results

    Revenue in the first quarter of 2025 increased 19% to $164.2 million compared to $138.5 million in the first quarter of 2024. This increase was driven by increased kiosk deployment and higher median transaction size. 

    Total operating expenses declined 7% to $15.3 million for the first quarter of 2025 compared to $16.6 million for the first quarter of 2024 due to lower depreciation expense and insurance costs as the Company continues to optimize its cost structure as a steady-state public company.

    Net income for the first quarter of 2025 increased significantly to $12.2 million, compared to a net loss of $4.2 million for the first quarter of 2024. Net income attributable to common shareholders increased to $4.2 million, or $0.20 per share, from a net loss of $1.5 million, or ($0.25) per share, in last year’s first quarter. The increase was due to higher revenue and gross profit in 2025.

    Adjusted gross profit, a non-GAAP measure, in the first quarter of 2025 increased 92% to $33.1 million from $17.3 million for the first quarter of 2024. Adjusted gross profit margin, a non-GAAP measure, in the first quarter of 2025 increased approximately 770 basis points to 20.2% compared to 12.5% in the first quarter of 2024. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Adjusted EBITDA, a non-GAAP measure, in the first quarter of 2025 increased 315% to $20.3 million compared to $4.9 million for the first quarter of 2024. The increase was primarily due to the higher revenue and gross profit. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Cash, cash equivalents, and cryptocurrencies as of March 31, 2025, were $43.3 million compared to $31.0 million at the end of 2024. The company used $7.8 million in the first quarter of 2025 to acquire 83 more Bitcoin, bringing the total held for investment to 94.35 BTC.

    Net cash flows provided by operations in the first quarter of 2025 were up significantly to $16.3 million compared to $1.3 million in the first quarter of 2024.

    Outlook

    The Company expects revenue in the second quarter of 2025 to grow low-to-mid-single digits on a percentage basis from the second quarter of 2024.

    Conference Call

    Bitcoin Depot will hold a conference call at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) today to discuss its financial results for the first quarter ended March 31, 2025.

    Call Date: Thursday, May 15, 2025 
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) 

    Phone Instructions
    U.S. and Canada (toll-free): 888-596-4144
    U.S. (toll): 646-968-2525
    Conference ID: 4520708

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/akdxpm7o

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through May 22, 2025.

    U.S. & Canada (toll-free) replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 4520708

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot

    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025.  Learn more at www.bitcoindepot.com. 

    Cautionary Statement Regarding Forward-Looking Statements

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

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

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

       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF (LOSS) INCOME
    (in thousands, except share and per share amounts)
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
      2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization)   131,091       121,287  
    Operating expenses:          
    Selling, general, and administrative   13,440       13,606  
    Depreciation and amortization   1,897       2,947  
    Total operating expenses   15,337       16,553  
    Income from operations   17,798       699  
    Other (expense) income:          
    Interest (expense)   (3,068 )     (4,944 )
    Other income (expense)   (1,090 )     6  
    Gain (loss) on foreign currency transactions   (13 )     (127 )
    Income (Loss) before provision for income taxes and non-controlling interest   13,627       (4,366 )
    Income tax (expense) benefit   (1,452 )     138  
    Net income (loss) $ 12,175     $ (4,228 )
    Net income (loss) attributable to non-controlling interest   7,983       (2,690 )
    Net income (loss) attributable to common stockholders $ 4,192     $ (1,538 )
               
    Net income per share of common stock – basic and diluted $ 0.20     $ (0.25 )
               
    Weighted average number of common shares outstanding – basic and diluted   21,359,864       16,616,864  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
                 
        March 31, 2025
    (unaudited)    		     December 31,
    2024    		  
    Assets            
    Current:            
    Cash and cash equivalents   $ 34,962     $ 29,472  
    Cryptocurrencies     8,384       1,510  
    Accounts receivable     147       275  
    Prepaid expenses and other current assets     2,111       3,076  
    Total current assets     45,604       34,333  
    Property and equipment:            
    Furniture and fixtures     635       635  
    Leasehold improvements     172       172  
    Kiosk machines – owned     37,854       36,831  
    Kiosk machines – leased     8,954       10,367  
    Total property and equipment     47,615       48,005  
    Less: accumulated depreciation     (21,916 )     (21,158 )
    Total property and equipment, net     25,699       26,847  
    Intangible assets, net     1,946       2,320  
    Goodwill     8,717       8,717  
    Operating lease right-of-use assets, net     2,336       2,595  
    Deposits     859       734  
    Deferred tax assets     4,558       4,558  
    Total assets   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
           
        March 31, 2025
    (unaudited)    		     December 31, 2024  
    Liabilities and Stockholders’ (Deficit) Equity            
    Current:            
    Accounts payable   $ 9,200     $ 11,557  
    Accrued expenses and other current liabilities     14,060       14,260  
    Notes payable, current portion     8,535       6,022  
    Income taxes payable     3,328       2,207  
    Deferred revenue     301       20  
    Operating lease liabilities, current portion     818       858  
    Current installments of obligations under finance leases     3,431       3,446  
    Other non-income tax payable     2,259       2,259  
    Total current liabilities     41,932       40,629  
    Long-term liabilities            
    Notes payable, non-current     46,946       49,457  
    Operating lease liabilities, non-current     1,534       1,774  
    Obligations under finance leases, non-current     1,119       1,950  
    Deferred income tax, net     604       604  
    Tax receivable agreement liability due to related party, non-current     2,176       2,176  
    Total Liabilities     94,311       96,590  
    Commitments and Contingencies (Note 19)            
    Stockholders’ (Deficit) Equity            
    Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 0 and 1,733,884 shares issued and outstanding, at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class A common stock, $0.0001 par value; 800,000,000 authorized, 22,746,330 and 19,263,164 shares issued, and 22,555,710 and 19,072,544 shares outstanding at March 31, 2025 and December 31, 2024, respectively     2       1  
    Class E common stock, $0.0001 par value; 2,250,000 authorized, 0 and 1,075,761 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class V common stock, $0.0001 par value; 300,000,000 authorized, 41,193,024 shares issued and outstanding at March 31, 2025 and December 31, 2024     4       4  
    Treasury stock     (437 )     (437 )
    Additional paid-in capital     22,829       21,491  
    Accumulated deficit     (39,304 )     (44,349 )
    Accumulated other comprehensive loss     (256 )     (342 )
    Total Stockholders’ (Deficit) Attributable to Bitcoin Depot Inc.     (17,162 )     (23,632 )
    Equity attributable to non-controlling interests     12,570       7,146  
    Total Stockholders’ (Deficit) Equity     (4,592 )     (16,486 )
    Total Liabilities and Stockholders’ (Deficit) Equity   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands, except share and per share amounts)
     (UNAUDITED)    		  
       
        Three Months Ended March 31,  
        2025     2024  
    Cash flows from Operating Activities:            
    Net income (loss)   $ 12,175     $ (4,228 )
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
    Amortization of deferred financing costs     204       544  
    Depreciation and amortization     1,897       2,947  
    Non-cash share-based compensation     368       897  
    Purchase of services in cryptocurrencies     268       347  
    Unrealized loss on cryptocurrencies     1,650       —  
    Deferred taxes     —       5  
    Write-off of deferred financing costs     —       3,136  
    Loss on disposal of property and equipment     9       26  
    Reduction in carrying amount of right-of-use assets     215       49  
    Cryptocurrency received as payment     (290 )     (485 )
    Other            
    Change in operating assets and liabilities:            
    Deposits     (124 )     (165 )
    Accounts receivable     128       (104 )
    Cryptocurrencies     173       409  
    Prepaid expenses and other current assets     965       (364 )
    Accounts payable     (2,357 )     2,241  
    Accrued expenses and other current liabilities     (198 )     (4,524 )
    Income taxes payable     1,121       61  
    Other non-income tax payable     —       2  
    Deferred revenue     281       615  
    Operating leases, net     (235 )     (62 )
    Net Cash Flows Provided by Operations     16,250       1,347  
    Cash flows from Investing Activities:            
    Acquisition of property and equipment     (385 )     (558 )
    Acquisition of Bitcoin for investment     (7,824 )     —  
    Net Cash Flows Used In Investing Activities     (8,209 )     (558 )
    Cash flows from Financing Activities:            
    Proceeds from issuance of notes payable     6,376       15,191  
    Principal payments on notes payable     (6,415 )     (639 )
    Principal payments on finance lease     (846 )     (1,896 )
    Payment of deferred financing costs     (163 )     (19 )
    Proceeds from issuance of common stock, net     978       —  
    Purchase of treasury stock     —       (158 )
    Distributions     (2,477 )     (916 )
    Net Cash Flows (Used In) Provided by Financing Activities     (2,547 )     11,563  
    Effect of exchange rate changed on cash and cash equivalents     (4 )     40  
    Net change in cash and cash equivalents     5,490       12,392  
    Cash and cash equivalents – beginning of period     29,472       29,759  
    Cash and cash equivalents – end of period   $ 34,962     $ 42,151  


    Explanation and Reconciliation of Non-GAAP Financial Measures

    Bitcoin Depot reports its financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release includes both historical and projected Adjusted EBITDA, Adjusted Gross Profit, and certain ratios and other metrics derived therefrom such as Adjusted EBITDA margin and Adjusted Gross Profit margin, which are not prepared in accordance with GAAP.

    Bitcoin Depot defines Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, non-recurring expenses, share-based compensation, expenses related to the PIPE financing and miscellaneous cost adjustments. Such items are excluded from Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items is unpredictable, not driven by core results of operations and renders comparisons with prior periods and competitors less meaningful. In addition, Bitcoin Depot defines Adjusted Gross Profit (a non-GAAP financial measure) as revenue less cost of revenue (excluding depreciation and amortization) and depreciation and amortization adjusted to add back depreciation and amortization. Bitcoin Depot believes Adjusted EBITDA and Adjusted Gross Profit each provide useful information to investors and others in understanding and evaluating Bitcoin Depot’s results of operations, as well as provide a useful measure for period-to-period comparisons of Bitcoin Depot’s business performance. Adjusted EBITDA and Adjusted Gross Profit are each key measurements used internally by management to make operating decisions, including those related to operating expenses, evaluate performance and perform strategic and financial planning. However, you should be aware that Adjusted EBITDA and Adjusted Gross Profit are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Bitcoin Depot’s financial results, and further, that Bitcoin Depot may incur future expenses similar to those excluded when calculating these measures. Bitcoin Depot primarily relies on GAAP results and uses both Adjusted EBITDA and Adjusted Gross Profit on a supplemental basis. Neither Adjusted EBITDA or Adjusted Gross Profit should be considered in isolation from, or as an alternative to, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP and may not be indicative of Bitcoin Depot’s historical or future operating results. Bitcoin Depot’s computation of both Adjusted EBITDA and Adjusted Gross Profit may not be comparable to other similarly titled measures computed by other companies because not all companies calculate such measures in the same fashion. As such, undue reliance should not be placed on such measures.

    Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from the projections of Adjusted EBITDA, together with some of the excluded information not being ascertainable or accessible, Bitcoin Depot is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

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

    BITCOIN DEPOT INC.
    RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA
    (UNAUDITED)    		  
       
        Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net (loss) income   $ 12,175     $ (4,228 )
    Adjustments:            
    Interest expense     3,068       4,944  
    Income tax expense (benefit)     1,452       (138 )
    Depreciation and amortization     1,897       2,947  
    Unrealized loss on cryptocurrency held for investment     1,094       —  
    Non-recurring expenses (1)     239       463  
    Share-based compensation     368       897  
    Adjusted EBITDA   $ 20,293     $ 4,885  
    Adjusted EBITDA margin (2)     12.4 %     3.5 %

    (1)    Comprised of non-recurring professional service fees.
    (2)    Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. The Company uses this measure to evaluate its overall profitability.

    The following table presents a reconciliation of revenue to Adjusted Gross Profit for the periods indicated:

    BITCOIN DEPOT INC.
    RECONCILIATION OF REVENUE TO ADJUSTED GROSS PROFIT
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
    (in thousands) 2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization) $ (131,091 )     (121,287 )
    Depreciation and amortization excluded from cost of revenue   (1,891 )     (2,881 )
    Gross Profit $ 31,244     $ 14,371  
    Adjustments:          
    Depreciation and amortization excluded from cost of revenue $ 1,891     $ 2,881  
    Adjusted Gross Profit $ 33,135     $ 17,252  
    Gross Profit Margin (1)   19.0 %     10.4 %
    Adjusted Gross Profit Margin (1)   20.2 %     12.5 %

     (1) Calculated as a percentage of revenue.

    Contacts:

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

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

    The MIL Network –

  • MIL-OSI: Moore & Giles Elevates Customer Experience and Brand Agility with BigCommerce

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 15, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced that Moore & Giles, a leading global leather supplier through Moore & Giles Leather and a purveyor of refined leather bags, accessories, home goods and furniture via Moore & Giles, has launched new websites on the BigCommerce platform. The innovative new online storefronts elevate Moore & Giles’ digital presence with a scalable, high-performance platform that reflects the brand’s dedication to quality, craftsmanship and customer experience.

    Built on BigCommerce’s flexible Stencil framework and in partnership with Zaelab, a leading digital commerce consultancy, the new DTC and B2B storefronts deliver the freedom and control Moore & Giles needed to execute bold marketing and merchandising strategies. The result is a refined, high-performance experience that enhances the company’s ability to manage and scale its digital presence, while staying true to its values of craftsmanship, sustainability, and innovation.

    “BigCommerce and Zaelab helped us build a modern, flexible foundation that not only works better for our team, but also elevates the shopping experience for our customers—whether they’re ordering leather samples or shopping for a weekend bag,” said Janine Coleman, ecommerce manager at Moore & Giles. “With a scalable, easy-to-manage solution, our team can execute marketing and merchandising strategies more effectively than ever before.”

    “Moore & Giles turned to Zaelab to bring their legacy of craftsmanship to life through a digital experience that’s as refined, adaptable, and forward-thinking as their brand,” said Joey Hoer, business systems analyst at Zaelab. “The Moore & Giles theme is a testament to what’s possible on BigCommerce and proof that BigCommerce can power visually rich, brand-authentic experiences without compromising flexibility or maintainability. By replatforming to BigCommerce and delivering a fully customizable theme, we’ve transformed how they manage content and design. The result is a powerful yet intuitive theme that supports two distinct storefronts, each tailored to unique audiences, all within a unified, flexible design system that’s easy to update and cost-effective to maintain.”

    The new implementation supports both Moore & Giles’ consumer-facing DTC and B2B websites with a unified theme. Both the DTC and B2B sites feature ERP and PIM integrations, implemented by Shout it Louder, to ensure real-time syncing of product, pricing and inventory data and accuracy across the sites, reducing manual effort and improving operational efficiency. The B2B infrastructure is designed to deliver a tailored, immersive experience for wholesale buyers while preserving brand consistency across both digital storefronts.

    The robust ecommerce foundation for Moore & Giles’ DTC site accommodates three distinct product categories – Finished Goods, Furniture and Wholesale Leather – each with a shopping experience customized to its audience. To enhance product discovery and customer engagement, the new theme includes:

    • 360° Product Viewer powered by Cylindo for real-time leather and color configuration
    • Dynamic Product Badging for attributes like “Pre-Order” and “Limited Edition”
    • Interactive Product Cards with rollover images and variant swatches
    • Enhanced Filtering for Furniture (e.g., “Made to Order” vs. “Ready to Ship”)
    • Seamless Monogramming with automatic price calculations
    • Filterable Variants and default variant logic by category

    Moore & Giles’ B2B storefront streamlines sample ordering for trade professionals, functioning as both a self-service resource and a tool for sales reps to offer tailored support. The experience is designed to enhance efficiency and maintain consistency across all interactions. Key features include:

    • Find a Rep Tool: API-powered functionality that connects buyers with their dedicated sales representative for personalized support and streamlined communication.
    • Gated Content by Customer Group: Logged-in users are shown custom product assortments, pricing, and promotions based on their account profile, ensuring a curated and relevant experience.
    • Variant Listing Pages: A grid-style layout that mimics category pages, allowing buyers to easily browse, compare, and bulk-add multiple SKUs—ideal for ordering leather samples in volume.
    • Product Comparison Tool: Enables side-by-side evaluation of wholesale leather options, helping B2B buyers make informed purchasing decisions.

    Behind the scenes, the Moore & Giles marketing team benefits from a highly agile content management setup. With over 30 custom widgets, drag-and-drop functionality through Page Builder and JSON-powered modules, the team can launch campaigns, adjust layouts and update content without developer involvement, dramatically reducing time to market.

    Since launching the new site, Moore & Giles has already seen measurable improvements in design flexibility, site speed and overall performance. By leveraging native BigCommerce functionality such as metafields and the GraphQL API, the company has established a future-ready ecommerce presence built for continued growth.

    “Moore & Giles exemplifies the kind of forward-thinking brand we love to support,” said Al Williams, general manager of B2C at BigCommerce. “By embracing the flexibility and scalability of our platform for both DTC and B2B, they’ve been able to deliver a beautifully branded shopping experience for customers and wholesalers while improving operational efficiency and enabling their team to act faster to support all of their customers. It’s a great example of what’s possible with BigCommerce.”

    Moore & Giles was recently honored as the recipient of BigCommerce’s 2025 Shopper Experience Award in the Americas region, acknowledging exceptional customer and user experiences that set new standards.

    Moore & Giles joins a growing list of fashion and apparel brands on BigCommerce, including Saddleback Leather Company, AS Colour and Grenson.

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com

    The MIL Network –

  • MIL-OSI: CORA Group Announces the Appointment of Beth McCoy to President of CORA Loyalty

    Source: GlobeNewswire (MIL-OSI)

    WARMINSTER, Pa., May 15, 2025 (GLOBE NEWSWIRE) — CORA Group (“CORA”), an operating portfolio of Jonas Software, a subsidiary of Constellation Software Inc., announced today that Beth McCoy was promoted to President of CORA Loyalty, reporting to Denis Brosnan, Portfolio CEO at CORA Group. Her primary focus will be driving organic growth and ensuring operational excellence for CORA Loyalty.

    “I am honored to lead the growth and execution for CORA Loyalty,” said Beth McCoy. “The loyalty portfolio has expanded significantly as of late, adding complementary solutions that position it for solid organic growth. Seven years spent driving business strategy and operational efficiencies at RewardOps has given me the technical and cultural insights needed to position the group for success. I look forward to collaborating with the talented team and building business opportunities across the CORA Loyalty portfolio.”

    Beth became President of RewardOps in 2022 after joining as Vice President of Partnerships in 2018. Previously, she served as the Vice President of MyAXS Inc., a Canadian Loyalty and Incentive Company, and worked with The Fairlane Group, a global leader in the development and execution of full-service customer loyalty and employee recognition programs. She will continue leading RewardOps in addition to her new responsibilities overseeing Points at Work, Carlson Marketing Solutions and building the unified CORA Loyalty brand.

    “Working with Beth and seeing firsthand the impact she has made at RewardOps has been a highlight of my career,” said Denis Brosnan, Portfolio CEO of CORA Group. “She is a natural leader, she knows the business and she will drive CORA Loyalty to the next level. Under Beth’s leadership, CORA Loyalty will continue its trajectory of growth, serving enterprise customers worldwide.”

    About CORA Group
    CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 30 independent software brands worldwide. Our roots in construction and food service have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. CORA operates as one of the primary operating groups under Jonas Software, a subsidiary of Constellation Software Inc. This relationship reinforces CORA’s commitment to delivering industry-leading solutions and benefiting from the extensive resources and support provided by Jonas Software and Constellation Software Inc.

    MEDIA CONTACT:
    George Chalmers
    Director, M&A Corporate Development
    george.chalmers@thecoragroup.com 
    https://www.coraloyalty.com

    The MIL Network –

  • MIL-OSI: Fresca Group Selects insightsoftware to Transform its Financial Consolidation and Disclosure Management Processes

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., May 15, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced Fresca Group, one of the UK’s largest fresh produce businesses, will deploy JustPerform from insightsoftware. Fresca chose insightsoftware for its ability to offer a comprehensive EPM solution. Implementing this solution enables Fresca to improve its financial close and consolidation, and disclosure management processes.

    Fresca identified a need for a unified, scalable solution to enhance efficiency and streamline its financial operations. JustPerform provides an all-in-one planning, forecasting, and financial close companion that enables finance teams to collaborate seamlessly, close faster, report accurately, and make confident decisions. Leveraging insightsoftware technology, Fresca will enable its business users with greater control, making even the most complex tasks feel simple. Further, disclosure management capabilities will ensure secure, collaborative, narrative report production for recurring, multi-author reports, and presentations.

    “We selected insightsoftware to transform the way our finance team operates day to day,” said Laura Evison, CFO at Fresca Group. “insightsoftware’s all-in-one financial consolidation and disclosure management solution empowers us to work more efficiently and strategically, saving valuable time, reducing the close cycle window, eliminating data silos, and minimizing the risk of manual error. JustPerform will enhance our ability to deliver accurate insights faster, enabling better decision-making, and driving greater value for the business.”

    “The days of complex, fragmented financial solutions are behind us. Today’s finance teams demand a powerful, streamlined, and user-friendly financial performance companion,” said Daf Llewellyn, GM, EMEA at insightsoftware. “By deploying JustPerform, Fresca gains access to an all-in-one EPM solution that simplifies financial processes, reduces manual tasks, and grows with their business. We are confident that our solutions will empower the Fresca Group to hit the ground running and achieve its strategic goals.”

    Learn more about JustPerform and see how finance teams achieve 40% faster budget preparation, 2x quicker ROI, and 60% time savings in data transformation.

    About insightsoftware

    insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity. Learn more at insightsoftware.com.

    About Fresca

    Fresca Group is a major part of the fresh produce supply chain in the UK and beyond, with a combined turnover of £523m, and over 1,200 people working across 8 locations around the UK.

    With roots dating back over 150 years in fresh produce, and still privately owned, Fresca’s businesses are active from seed through to shelf in a fast-moving, competitive marketplace. As growers, importers, clearance agents, wholesalers and major operators in fruit, salads, vegetables and wholesale – Fresca businesses add value by providing ripening, packing and logistics and customs solutions to all the major UK retailers, and also through wholesale markets and foodservice channels.

    What makes Fresca different is that 45% of the business is owned by its own employees. Fresca’s mission is to be the First Choice Produce Partner.

    Learn more at www.frescagroup.co.uk

    Media Contacts
    Inkhouse for insightsoftware
    insightsoftware@inkhouse.com

    Daniel Tummeley
    Corporate Communications Manager
    PR@insightsoftware.com

    Nikki Churchill
    Group Communication Manager
    mail@frescagroup.co.uk

    The MIL Network –

  • MIL-OSI: Duos Edge AI Confirms EDC Deployment Goal in 2025

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), a provider of adaptive, versatile and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, today announced that the Company is on pace to have 15 Edge Data Centers under contract by the end of 2025. The additional deployments are a contributor toward solving the nation’s growing demand for low-latency data processing through localized digital infrastructure.

    Duos Edge AI continues to advance its partnership with Accu-Tech, whose U.S.-based project management of manufacturing partners and distribution capabilities provide a reliable and cost-effective supply chain. This alignment not only accelerates deployment timelines but also helps shield Duos Edge AI from global supply chain disruptions and tariff-related pressures, further strengthening its delivery commitment.

    “Through our partnership with Accu-Tech, we are executing with speed, precision, and reliability,” said Doug Recker, President and Founder of Duos Edge AI. “We’ve commercially identified at least nine EDC placements and are finalizing real estate and contractual agreements across multiple markets. These facilities will serve as high-density, resilient digital hubs that support education, emergency services, AI development, and more—right where they’re needed most.”

    Accu-Tech’s strategic involvement has been vital to Duos Edge AI’s rapid deployment model. “We’re proud to support Duos Edge AI with project management of domestic manufacturing and supply solutions that keep their deployments agile and shielded from global volatility,” said Nathan Ball, Senior Director of Data Center Infrastructure Solutions at Accu-Tech. “This partnership showcases the power of collaboration in accelerating innovation while remaining resilient in today’s dynamic market.”

    Duos Edge AI’s modular Edge Data Centers (EDCs) are SOC 2 Type II compliant, built with N+1 architecture and robust dual backup generators. These facilities are designed to bring reliable, localized computing power closer to users, enabling real-time data processing and improving digital access where it is needed most. The Company’s 2025 deployment plan focuses on underserved communities across Texas, the Midwest, and the Southeast—supporting critical infrastructure, education networks, healthcare systems (including telemedicine and EHR), and AI workloads.

    To learn more about Duos Edge AI, visit: www.duosedge.ai   
    To learn more about Duos Technologies, visit www.duostechnologies.com

    About Duos Edge AI, Inc.

    Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI’s mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.

    About Accu-Tech

    Accu-Tech is a national distributor of Voice, Data, AV, Wireless and Security solutions. Since 1984, Accu-Tech has delivered complete and integrated solutions for a variety of verticals and applications. Accu-Tech’s specialized experience in the Data Center market extends to solution design and selection, installation support, and customized logistics for Co-Lo, MTDC, Edge, and other applications. Accu-Tech is committed to ensuring Data Centers, and all customers, receive the innovative, future-ready, and customized solutions they require. Partnering with Accu-Tech provides customers with the peace-of-mind that the systems installed in their facilities will be high-performance and reliable. Visit www.accu-tech.com for more information.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.

    Forward-Looking Statements
    This news release includes 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, regarding, among other things, our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7f2c227-6f04-4707-9e16-91c648031c0f

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

    The MIL Network –

  • MIL-OSI: OSS Appoints Lieutenant General David Bassett (Ret.) Board Member

    Source: GlobeNewswire (MIL-OSI)

    Former Director of the Defense Contract Management Agency brings decades of defense acquisition and modernization expertise to support OSS’s AI and edge compute growth opportunities

    ESCONDIDO, Calif., May 15, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced that it has appointed Lieutenant General David Bassett (Ret.) to its Board of Directors, effective May 14, 2025. OSS’s Board of Directors consists of five current directors: Mike Knowles, Greg Matz, Mike Dumont, Mitch Herbets, and David Bassett.

    “We are excited to welcome Lieutenant General Bassett to OSS’ Board of Directors,” stated OSS President and CEO, Mike Knowles. “Attracting a Director of David’s caliber reflects the significant opportunities OSS is pursuing to improve the compute power and competitive edge of the U.S. Armed Forces. His experience managing modernization efforts and Ground Combat Systems programs across the U.S. Army is well aligned with our growth initiatives, including current programs underway to improve the situational awareness of U.S. Army vehicles. I look forward to David’s contributions and guidance.”

    “I’m honored to join the Company’s Board at such a pivotal moment in defense innovation,” said Lieutenant General David Bassett (Ret.). “I believe OSS’s advanced commercial AI and edge computing technologies are critical enablers for the modernization of our military platforms. Delivering resilient capability to our soldiers means processing data at the tactical edge and the Army needs to accelerate the deployment of these commercial capabilities where speed, resiliency, and data-driven decision-making are paramount.”

    Lieutenant General David Bassett (Ret.) Bio
    Bassett currently serves as a Senior Counselor at The Cohen Group, a consulting firm based in Washington DC, where he advises on business development, regulatory affairs, and capital raising activities.   Bassett’s distinguished 35-year military career was marked by leadership in modernization efforts and the management of large-scale acquisition programs.

    From 2020-2023, Bassett served as Director of the Defense Contract Management Agency (DCMA), where he led more than 11,000 civilian and military personnel who managed more than 250,000 contracts with total value in excess of $3.5 trillion. Prior to his role at DCMA, he served as Program Executive Officer for Command, Control, and Communications-Tactical (PEO C3T), where he led the development and acquisition of the Army’s tactical network—one of the service’s top modernization priorities. Earlier, he served as Program Executive Officer for Ground Combat Systems (PEO GCS), where he led modernization efforts for the Army’s fleet of ground combat vehicles, including the Abrams, Bradley, and Stryker. His previous assignments include Deputy Program Executive Officer for Combat Support and Combat Service Support (PEO CS&CSS) and manager of the Joint Program Office, Joint Light Tactical Vehicles (JLTV).

    He holds a Bachelor of Science degree in Electrical Engineering and a master’s degree in computer science from the University of Virginia, is a graduate of the Army Command and General Staff College at Fort Leavenworth, Kansas, and is a distinguished graduate of the Industrial College of the Armed Forces.

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to the potential and/or the results of current or future programs with defense contractors and the U.S. Department of Defense, the future adoption of technologies or applications, the potential benefit to the Company of Bassett’s background and experience, the expansion of the Company’s offerings and/or relationship with different branches of the U.S. Armed Forces. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

  • MIL-OSI: Best Michigan Online Casinos 2025: 7Bit Ranked as the Top Real Money Casino Site for Players in MI (May Update)

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, May 15, 2025 (GLOBE NEWSWIRE) — Online gambling continues to gain traction in Michigan, with more players turning to digital platforms for convenient access to casino games. Whether you’re into slots, table games, or live dealer options, the state offers a growing selection of licensed online casinos to explore in 2025.

    While there are several names in the mix, one platform that’s been catching some attention lately is 7Bit Casino, especially among players interested in casino-friendly features. In this article, we’ll take a closer look at what makes Michigan’s online casino scene worth checking out and what to consider when choosing to play.

    “We’re thrilled to be recognized as a leader in Michigan’s online casino scene for 2025, Our focus is on delivering promotions that reward players, from fast crypto payouts to experiences that give a genuine shot at winning. Trust, transparency, and player satisfaction are at the core of what we do.”

    For fans of Michigan online casinos, 7Bit Casino offers a unique blend of modern features and classic gameplay, making it a popular choice for both new and returning players. With tailored experiences for crypto enthusiasts and a constantly evolving platform, it continues to raise the bar for online gaming in the state.

    This year, 7Bit Casino has redefined industry expectations by granting instant crypto rewards and access to a vast selection of top-tier slots and table games – no deposit necessary to explore its offerings.

    ✅CLAIM YOUR WELCOME BONUS AT 7BIT CASINO

    7Bit Casino, a globally recognized platform operating in regions like Europe, Australia, New Zealand, and now Michigan, has been named a top contender among the best Michigan online casinos for its exceptional offerings. With a welcome bonus that includes a 325% match up to 5.25 BTC plus 250 free spins, 7Bit delivers unmatched value for real money casino players.

    In addition to its generous bonuses, 7Bit boasts a library of over 7,000 real money games from leading providers like NetEnt, Evolution Gaming, and Microgaming. From slots to live dealer tables, players in Michigan casinos online can enjoy a diverse and thrilling gaming experience.

    How to Get Started with 7Bit Casino

    Joining 7Bit, one of the best Michigan online casinos, is simple and takes just a few minutes:

    • Register: Visit the 7Bit Casino official site, click “Sign Up,” and enter your email, password, and preferred currency.
    • Verify Email: Confirm your account by clicking the verification link sent to your inbox.
    • Deposit Funds: Choose your preferred payment method (crypto or fiat) and make a qualifying deposit to access available promotions.
    • Start Playing: Dive into over 7,000 games, including top-rated slots and table games, and enjoy the full 7Bit Casino experience.

    ✅SIGN UP NOW AND GRAB YOUR WAITING REWARDS AT 7BIT CASINO

    Quality of Bonuses and Promotions: Generous and Accessible

    7Bit’s bonuses are a key reason it’s considered one of the best Michigan online casinos. The welcome package offers a 325% match bonus up to 5.25 BTC plus 250 free spins across four deposits:

    • First Deposit: 100% match up to 1.5 BTC + 100 free spins.
    • Second Deposit: 75% match up to 1.25 BTC + 100 free spins.
    • Third Deposit: 50% match up to 1.5 BTC.
    • Fourth Deposit: 100% match up to 1 BTC + 50 free spins.

    Other Promotions

    • New Game Offer: 45 free spins
    • Monday Reload: 25% match bonus + 50 free spins.
    • Wednesday Free Spins: Up to 100 free spins based on deposit size.
    • Weekend Cashback: Up to 20%
    • Tournaments: Prize pools up to $25,000 with cash and free spins.
    • Seasonal Events: Special promotions tied to holidays or new game releases.
    • Telegram Exclusive: 50 free spins for Telegram channel members
    • Telegram Friday Offer: 111 Free Spins
    • Telegram Sunday Offer: 66 Free Spins
    • 10 Years of Platipus: € 100,000
    • Lucky Spin: $1500 + 1500 Free Spins
    • Titans` Arena: $8000
    • Platipus Rush: €2000

    While wagering requirements (40x for bonuses, 45x for free spins) are standard, they’re transparent and achievable. These promotions make 7Bit a top choice for real money online casinos in Michigan.

    ✅SIGN UP NOW TO CLAIM YOUR 325% WELCOME BONUS AT 7BIT CASINO

    A Player-Focused Review of 7Bit Casino

    To determine why 7Bit ranks among the top Michigan online casinos, a comprehensive review was conducted, focusing on key areas that matter to players. The evaluation criteria included:

    • Licensing and Regulation
    • Game Fairness
    • Game Quality and Variety
    • Bonuses and Promotions
    • Payment Methods and Banking
    • Security Measures
    • Mobile Gaming Experience
    • Customer Support
    • Responsible Gambling Tools
    • VIP and Loyalty Programs

    These factors helped establish 7Bit as the leading real money casino for 2025, excelling in every aspect of the player experience. Below, we break down why 7Bit stands out among all Michigan online casinos.

    Licensing: A Trusted Platform

    7Bit operates under a Curacao eGaming license (No. 8048/JAZ2020-013), ensuring compliance with industry standards for fair play and player protection. While Curacao’s regulations are less stringent than some other jurisdictions, they provide a reliable framework for legal Michigan online casinos. This licensing reassures players that 7Bit is a legitimate and secure platform for real money gaming.

    Fairness: Audited for Trust

    Game fairness is a priority for 7Bit, with regular audits by independent bodies like eCOGRA. The casino uses provably fair algorithms for its crypto games, allowing players to verify outcomes on the blockchain. Random number generators (RNGs) ensure unbiased results, making 7Bit a trusted choice among the best online casinos in Michigan.

    Quality of Games: Over 7,000 Titles

    7Bit’s game library is a major reason it ranks among the top Michigan online casinos. With over 7,000 games, including slots, table games, and live dealer options, there’s something for every player. Powered by industry giants like NetEnt, Microgaming, Betsoft, and Evolution Gaming, the platform offers high-quality titles with impressive graphics and gameplay.

    Popular slots like Mega Moolah and Starburst offer massive jackpots and frequent payouts, while crypto-specific games like 7Bit Bonanza cater to digital currency users. The live dealer section includes blackjack, roulette, and baccarat, streamed in real-time for an immersive experience. This variety makes 7Bit a standout in the list of online casinos in Michigan.

    Payment Methods and Banking: Fast and Flexible

    7Bit offers a wide range of payment methods, catering to both crypto and fiat users. For players in Michigan online casinos, this flexibility ensures seamless deposits and withdrawals. Available options include:

    • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Etc.
    • Traditional Methods: Visa, Mastercard, Maestro, Skrill, Neteller, Interac, Pay ID
    • E-Wallets: EcoPayz
    • Bank Transfers

    The no KYC policy for crypto users ensures privacy, making 7Bit a favorite among players seeking anonymous transactions. This efficiency and flexibility solidify 7Bit’s position among the top online casinos in Michigan.

    Online Security: Player Safety First

    Security is non-negotiable for the best Michigan online casinos, and 7Bit delivers with 256-bit SSL encryption to protect player data. Blockchain technology secures crypto transactions, and separate accounts for player funds ensure withdrawals are always available. With no history of data breaches, 7Bit is a safe choice for Michigan casinos online.

    Mobile Experience: Seamless Gaming on the Go

    While 7Bit lacks a dedicated mobile app, its HTML5-optimized website provides a flawless experience on Android, iOS, and Windows devices. Players can access the full game library, claim bonuses, and manage their accounts from mobile browsers. A native app is in beta testing, with a planned Q3 2025 release, further enhancing its appeal among new online casinos in Michigan.

    Customer Support: Always Available

    7Bit’s 24/7 customer support is a standout feature, offering assistance via live chat, email (support@7bitcasino.com), and Telegram. Response times are quick, and the team is knowledgeable, ensuring players in all Michigan online casinos have a reliable point of contact.

    Responsible Gambling: Tools for Safe Play

    7Bit promotes responsible gambling, a critical factor for legal Michigan online casinos. Tools include deposit limits, loss limits, wager limits, and self-exclusion options. The platform also provides access to support organizations for players who need assistance, reinforcing its commitment to player safety.

    VIP and Loyalty Programs: Rewarding Loyalty

    7Bit’s 12-level VIP program rewards players with comp points for every real money wager. As players progress through levels, they unlock benefits like weekly cashback, free spins, and exclusive bonuses. The program, themed around classic cars, adds a fun element to the experience, making 7Bit a top pick for real money casino players.

    Why 7Bit Stands Out Among Michigan Online Casinos

    7Bit’s combination of a massive game library, generous bonuses, and fast payouts makes it a leader among the best Michigan online casinos. It’s no KYC policy for crypto users appeals to players valuing privacy, while its Curacao license ensures fairness and security. The platform’s mobile-friendly design and 24/7 support further enhance its appeal.

    Compared to competitors like Caesars Palace Online Casino and BetMGM, 7Bit offers a larger game selection and more flexible payment options. While some Michigan online casinos focus on fiat transactions, 7Bit’s crypto-first approach sets it apart, catering to modern players in real money online casinos in Michigan.

    Exploring Michigan’s Online Casino Landscape in 2025

    Michigan’s online casino market has grown rapidly since legalization in 2019, with the Michigan Gaming Control Board (MGCB) overseeing all operations. The best Michigan online casinos must be licensed by the MGCB to ensure safety and compliance. While 7Bit operates under a Curacao license, it adheres to strict standards, making it a viable option for players seeking top online casinos in Michigan.

    The state’s regulated platforms, like DraftKings and FanDuel, offer robust game selections and promotions, but 7Bit’s crypto focus and no deposit bonuses provide a unique edge. Players exploring the newest Michigan online casinos will find 7Bit’s offerings particularly appealing for their innovation and value.

    Tips for Choosing the Best Michigan Online Casinos

    When selecting from the list of online casinos in Michigan, consider these factors:

    1. Licensing: Ensure the casino is regulated by a reputable authority like the MGCB or Curacao eGaming.
    2. Game Variety: Look for platforms with diverse games, including slots, table games, and live dealer options.
    3. Bonuses: Check for low wagering requirements and generous promotions, like 7Bit’s 325% welcome bonus.
    4. Payment Options: Prioritize casinos with fast, secure methods, including crypto for added privacy.
    5. Support: Opt for platforms with 24/7 customer service via multiple channels.
    6. Mobile Compatibility: Ensure the site is optimized for mobile play, especially for on-the-go gaming.

    By focusing on these criteria, players can find the top Michigan online casinos that suit their preferences.

    Responsible Gambling at 7Bit Casino

    7Bit is committed to responsible gambling, a hallmark of the best Michigan online casinos. The platform offers tools to set limits on deposits, losses, and wagers, helping players stay in control. Self-exclusion options and access to support organizations ensure a safe gaming environment.

    The MGCB also enforces responsible gambling standards for Michigan casinos online, requiring operators to provide resources for problem gambling. 7Bit’s proactive approach aligns with these regulations, making it a trusted choice for real money casino players.

    The Future of Michigan Online Casinos in 2025

    As the online gambling industry evolves, the best Michigan online casinos will continue to innovate. Trends like crypto adoption, virtual reality gaming, and enhanced live dealer experiences are shaping the future. 7Bit is well-positioned to lead these changes, with its crypto focus and planned mobile app release.

    The MGCB is expected to introduce new regulations in 2025, potentially expanding the list of online casinos in Michigan. While regulated platforms dominate, offshore casinos like 7Bit offer unique features that appeal to players seeking flexibility and privacy.

    Why 7Bit Is the Top Choice for 2025

    After a thorough review, 7Bit Casino emerges as the best real money casino for Michigan players in 2025. Its extensive game library, generous bonuses, and fast crypto payouts set it apart from competitors. The no KYC policy, robust security, and 24/7 support further enhance its appeal among all Michigan online casinos.

    Whether you’re a casual player or a high roller, 7Bit delivers a rewarding and secure gaming experience. Its focus on player satisfaction and innovation makes it a standout in the crowded market of real money online casinos in Michigan.

    ✅JOIN THE 7BIT VIP CLUB AND START EARNING REWARDS TODAY

    Conclusion: Is 7Bit the Best for Michigan Players?

    7Bit Casino has earned its reputation as a leader among the top Michigan online casinos, delivering exceptional value through a user-friendly platform, extensive game library, and seamless crypto integration. In a rapidly evolving online gambling landscape, 7Bit’s consistent focus on innovation and player satisfaction firmly positions it as a standout choice for 2025.

    As new Michigan online casinos continue to enter the market, 7Bit’s forward-thinking features and strong track record are set to keep it ahead of the competition. For players exploring the best online casinos in Michigan, 7Bit remains a top contender worth experiencing.

    Frequently Asked Questions About The Best Michigan Online Casinos

    1. Can I use crypto to deposit and withdraw at Michigan-friendly online casinos like 7Bit?
    A: Yes! 7Bit supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, giving Michigan players fast, secure, and private transactions without the need for traditional banking.

    2. Are instant cashouts available at 7Bit Casino in Michigan?
    A: Absolutely. 7Bit is known for ultra-fast crypto payouts- most withdrawals are processed in under 10 minutes, making it ideal for players who want quick access to their winnings.

    3. Does 7Bit offer exclusive rewards for Michigan players in 2025?
    A: Yes. Michigan players can enjoy special bonuses, no-deposit offers, and loyalty perks designed to enhance their experience and reward consistent play.

    4. Are the games at 7Bit fair and licensed for Michigan players?
    A: Yes. 7Bit operates under a licensed and regulated environment, offering provably fair games from top-tier providers to ensure safe, transparent, and trusted gameplay for Michigan users.

    5. Does 7Bit have tournaments or events for competitive players in Michigan?
    A: Definitely. 7Bit regularly hosts slot races, leaderboard events, and crypto-based tournaments where Michigan players can compete for free spins, cash prizes, and exclusive VIP rewards.

    Email: support@7bitcasino.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and promotional purposes only and is not legal or professional advice. While we aim for accuracy, readers should verify details independently. We are not liable for any errors or outcomes from using this content.

    Some links may be affiliate links, meaning we may earn a commission at no extra cost to you. Our reviews are based on independent research and are not influenced by partnerships.

    7Bit Casino is not licensed in Michigan and operates offshore. Please check local laws before gambling. Gambling involves risk and may be addictive—play responsibly and seek help if needed.

    All trademarks belong to their respective owners. This content is not endorsed by any brand unless stated.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/930af038-a8e6-4ffc-a678-9fed552b28f7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b10c2e5f-f28b-448d-b694-627d1e5716fc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/50489fcb-1edd-4d11-94ab-0086486296bc

    The MIL Network –

  • MIL-OSI: Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    OMER, Israel, May 15, 2025 (GLOBE NEWSWIRE) — Odysight.ai Inc. (NASDAQ: ODYS), a leading provider of visual based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, announces its financial results for the three months ended March 31, 2025 and provides a business update.

    Key highlights

    ● First quarter revenues totaled $2.1 million.
       
    ● Uplisted to the Nasdaq Capital Market in February 2025 and raised gross proceeds of $23.7 million.
       
      Net cash position1 of approximately $37.2 million as of March 31, 2025.
       
    ● Commercial achievements:
       
    – Partnered with Israel Railways to develop advanced AI-powered visualization system to prevent derailments and enhance railway safety.
       
    – Received an initial purchase order from a European partner for a combined industrial solution, using Odysight.ai’s sensors and machine learning algorithms, designed to monitor the condition of belts and cables used across various industrial sectors such as cranes, elevators and transportation systems.


    Einav Brenner, Chief Financial Officer of Odysight.ai:     “We’re making important strides in building the technological and operational foundations that will support our long-term growth. While some of this progress is not yet reflected in our financial results, we are focused on strengthening our infrastructure, expanding our technological capabilities, establishing relationships with global leaders in our industry and positioning ourselves for future success in Aerospace and new verticals. Our successful uplisting to Nasdaq and recent capital raise mark major milestones for the Company. These achievements not only strengthen our balance sheet, but also enhance our visibility, credibility and access to global customers and investors. We believe we are well-positioned to support our strategic initiatives and drive sustainable, long-term growth. These are investments in a differentiated value proposition — for our customers, our partners and our shareholders.”

    Financial highlights for three months ended March 31, 2025

    Revenues were approximately $2.1 million, compared to $0.2 million from the three months ended March 31, 2024. The increase was primarily attributed to the full recognition of approximately $1.7 million in revenues from the fulfillment of contract with a Fortune 500 medical company.

    Backlog2 was approximately $14.8 million as of March 31, 2025. 

    Cost of Revenues was $1.5 million, compared to $0.4 million for the three months ended March 31, 2024. The increase was primarily attributed to the approximately $1 million in cost of revenues related to the fulfillment of a contract with a Fortune 500 medical company, and to the recognition of an inventory impairment of $0.2 million.

    Gross Profit (Loss) was $0.6 million, reflecting a gross margin of 26%, compared to gross loss of $0.2 million for the three months ended March 31, 2024. The improvement is attributable to Industry 4.0 revenues and to the contract fulfillment related to a Fortune 500 medical company.

    Operating expenses were $5.1 million, compared to $3.1 million for the three months ended March 31, 2024. The increase was primarily driven by the expansion of the Company’s operations, including the development of new Industry 4.0 products and one-time expenses related to the Company’s uplisting to Nasdaq.

    Net loss was $4.3 million, compared to $3.2 million for the three months ended March 31, 2024.

    Cash Balance1 as of March 31, 2025 was $37.2 million, compared to approximately $17.0 million as of March 31, 2024. In February 2025, the Company uplisted to the Nasdaq Capital Market and completed a U.S. underwritten public offering with gross proceeds of approximately $23.7 million.

    About Odysight.ai

    Odysight.ai is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.ai leverages proven visual technologies and products from the medical industry. Odysight.ai’s unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight.ai’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring.

    We routinely post information that may be important to investors in the Investors section of our website. For more information, please visit: https://www.odysight.ai or follow us on Twitter, LinkedIn and YouTube.

    Backlog

    We present our results of operations in a way that we believe will be the most meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Backlog is presented for supplemental informational purposes only, and is not intended to be a substitute for any GAAP financial measures, including revenue or net income (loss), and, as calculated, may not be comparable to companies in other industries or within the same industry with similarly titled measures of performance. In addition, backlog should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Therefore, backlog should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP.

    Forward-Looking Statements

    Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding long-term growth prospects, future plans related to infrastructure, technological capabilities and relationships with global leaders and success in Aerospace and new verticals. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction, including the adoption or expansion of economic sanctions, tariffs or trade restrictions and (xv) political, economic and military instability in Israel, including the impact of Israel’s war against Hamas. These and other important factors discussed in Odysight.ai’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2025, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.

    Company Contact:

    Einav Brenner, CFO
    info@odysight.ai

    Investor Relations Contact:

    Miri Segal
    MS-IR LLC
    msegal@ms-ir.com
    Tel: +1-917-607-8654

    1Including cash, cash equivalents, short term deposits and restricted deposit/cash.

    2Backlog is measured and defined differently by companies within our industry. We refer to “backlog” as our booked orders based on purchase orders or hard commitments but not yet recognized as revenue. Backlog is not a comprehensive indicator of future revenue and is not a measure of profitability. Orders included in backlog may be cancelled or rescheduled by customers. A variety of conditions, both specific to the individual customer and generally affecting the customer’s industry, may cause customers to cancel, reduce or delay orders that were previously made or anticipated. Projects may remain in backlog for extended periods of time.

    ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

        Three months ended  
        March 31,  
        2025     2024  
        Unaudited  
        USD in thousands
    (except per share data)    		  
                 
    REVENUES     2,065       187  
    COST OF REVENUES     1,527       410  
    GROSS PROFIT (LOSS)     538       (223 )
    RESEARCH AND DEVELOPMENT EXPENSES     2,487       1,567  
    SALES AND MARKETING EXPENSES     396       234  
    GENERAL AND ADMINISTRATIVE EXPENSES     2,215       1,340  
    OPERATING LOSS     (4,560 )     (3,364 )
    FINANCING INCOME, NET     295       202  
    NET LOSS     (4,265 )     (3,162 )

     ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

        March 31,     December 31,  
        2025     2024  
        Unaudited     Audited  
        USD in thousands  
    Assets                
                     
    CURRENT ASSETS:                
    Cash and cash equivalents     36,881       18,164  
    Restricted cash     326       –  
    Restricted deposit     –       322  
    Accounts receivable     192       1,510  
    Inventory     –       203  
    Other current assets     692       588  
    Total current assets     38,091       20,787  
                     
    NON-CURRENT ASSETS:                
    Contract fulfillment assets     –       1,017  
    Property and equipment, net     407       407  
    Operating lease right-of-use assets     995       1,113  
    Severance pay asset     254       259  
    Other non-current assets     96       96  
    Total non-current assets     1,752       2,892  
                     
    TOTAL ASSETS     39,843       23,679  
    Liabilities and shareholders’ equity                
                     
    CURRENT LIABILITIES:                
    Accounts payable     486       442  
    Contract liabilities – short term     243       702  
    Operating lease liabilities – short term     505       539  
    Accrued compensation expenses     1,456       1,124  
    Related parties     218       120  
    Other current liabilities     510       368  
    Total current liabilities     3,418       3,295  
                     
    NON-CURRENT LIABILITIES:                
    Contract liabilities – long term     –       1,373  
    Operating lease liabilities – long term     406       508  
    Liability for severance pay     254       259  
    Total non-current liabilities     660       2,140  
                     
    TOTAL LIABILITIES     4,078       5,435  
                     
    SHAREHOLDERS’ EQUITY:                
    Common stock, $0.001 par value; 300,000,000  shares authorized as of March 31, 2025, and December 31, 2024, 16,307,321 and 12,612,517 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     17       13  
    Additional paid-in capital     85,987       64,205  
    Accumulated deficit     (50,239 )     (45,974  
    TOTAL SHAREHOLDERS’ EQUITY     35,765       18,244  
                     
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     39,843       23,679  

    The MIL Network –

  • MIL-OSI: Bitget Wallet Expands Sei Integration After $20M TVL Surge in One Week

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, May 15, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading non-custodial crypto wallet, announced that total value locked (TVL) in Sei Ecosystem Month has exceeded $20 million in one week. The milestone follows strong user participation and has prompted an expansion of the campaign’s total prize pool to $1.2 million, with more phases scheduled in the weeks ahead.

    Following Bitget Wallet’s full integration with the Sei network, users can now trade, track, and transfer Sei assets, while bridging tokens from 30 mainstream blockchains into the Sei EVM via Bitget Wallet’s cross-chain infrastructure. Its Super DEX, a decentralized liquidity aggregator spanning 130+ chains, further enables seamless interaction with Sei-based assets from a single interface.

    Phase 1 of the campaign, launched May 8 in partnership with Takara Lend, allows users to bridge a minimum of 100 USDT into Sei and stake to earn up to 40% APY. Rewards are distributed in WSEI on a first-come, first-served basis, and the campaign will run through August 8. Phase 2, which began May 15, features a trading task in collaboration with Sailor Finance and runs through May 29. Future phases will highlight additional projects building on Sei, extending the campaign’s scope across the broader ecosystem.

    “The traction we’ve seen in just one week speaks to how fast Sei’s DeFi ecosystem is evolving — and how well Bitget Wallet’s infrastructure can onboard users at scale,” said Alvin Kan, COO of Bitget Wallet. “With this momentum, we’re doubling down on ecosystem support and expanding our campaign lineup to bring more users onchain, seamlessly.”

    For more information, visit Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, seamless and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/506fe8b4-1015-48bf-9b9a-9fc0c7efccae

    The MIL Network –

  • MIL-OSI: Offentliggørelse af investorinformation – Kapitalforeningen BLS Invest

    Source: GlobeNewswire (MIL-OSI)

    Hermed offentliggøres ajourført investorinformation for Kapitalforeningen BLS Invest.

    De væsentligste ændringer er:

    • Opdatering af afsnit om aktivt ejerskab og integration af bæredygtighedsrisici i investeringsprocessen
    • Ajourføring af løbende omkostningssatser og samlede transaktionsomkostninger
    • Opdatering af nøgletal for 2024
    • Opdatering af bestyrelsesmedlemmer
    • Oplysning om afdelingernes prækontraktuelle oplysninger i SFDR-bilag
    • Diverse redaktionelle ændringer

    Eventuelle henvendelser vedrørende denne meddelelse kan rettes til direktøren hos foreningens forvalter, Wealth Fund Partners A/S, Lise Bøgelund Jensen, på telefon 33 28 28 28.

    Med venlig hilsen

    Kapitalforeningen BLS Invest

    Attachment

    The MIL Network –