Category: GlobeNewswire

MIL-OSI: Greene County Bancorp, Inc. Reports Net Income of $8.1 Million for the Quarter Ended March 31, 2025 and Reaches New Milestone of $3.0 Billion in Assets

Source: GlobeNewswire (MIL-OSI)

CATSKILL, N.Y., April 22, 2025 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (the “Company”) (NASDAQ: GCBC), the holding company for the Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the three and nine months ended March 31, 2025, which is the third quarter of the Company’s fiscal year ending June 30, 2025. Net income for the three and nine months ended March 31, 2025 was $8.1 million, or $0.47 per basic and diluted share, and $21.8 million, or $1.28 per basic and diluted share, respectively, as compared to $5.9 million, or $0.34 per basic and diluted share, and $18.0 million, or $1.06 per basic and diluted share, for the three and nine months ended March 31, 2024, respectively. Net income increased $3.8 million, or 20.9%, when comparing the nine months ended March 31, 2025 and 2024.

Highlights:

Net Income: $21.8 million for the nine months ended March 31, 2025
Total Assets: $3.0 billion at March 31, 2025, a new record high
Net Loans: $1.6 billion at March 31, 2025, a new record high
Total Deposits $2.7 billion at March 31, 2025, a new record high
Return on Average Assets: 1.04% for the nine months ended March 31, 2025
Return on Average Equity: 13.40% for the nine months ended March 31, 2025

Donald Gibson, President & CEO stated: “I am pleased to report we reached a new milestone exceeding $3.0 billion in consolidated assets for the quarter ended March 31, 2025. This milestone in asset growth is a true testament to our Bank’s unique long-term culture to grow organically. The primary driver of our growth has been our team’s ability to provide innovative solutions and world-class customer service. When reviewing our company’s 136 year history, it took us approximately 128 years to reach $1.0 billion in assets, and only seven more years to reach $3.0 billion in assets. I am also proud to report solid quarterly income for the quarter ended March 31, 2025 of $8.1 million, an increase of 37.4% when compared to the quarterly net income of $5.9 million for the quarter ended March 31, 2024.”

Total consolidated assets for the Company were $3.0 billion at March 31, 2025, primarily consisting of $1.6 billion of net loans and $1.1 billion of total securities available-for-sale and held-to-maturity. Consolidated deposits totaled $2.7 billion at March 31, 2025, consisting of retail, business, municipal and private banking relationships.

Pre-provision net income was $24.0 million for the nine months ended March 31, 2025 as compared to $19.0 million for the nine months ended March 31, 2024, an increase of $5.0 million, or 26.6%. Pre-provision net income measures the Company’s net income less the provision for credit losses. Management believes that this non-GAAP measure assists investors in comprehending the impact of the provision for credit losses on the Company’s reported results, offering an alternative view of the Company’s performance and the Company’s ability to generate income in excess of its provision for credit losses. The Company strategically managed its balance sheet by focusing on higher-yielding loans and securities, and lowering deposit rates to align with the Federal Reserve’s recent interest rate cuts. This resulted in a higher net interest margin for the three and nine months ended March 31, 2025 as compared to the three and nine months ended March 31, 2024. The Company will continue to monitor the Federal Reserve and interest rates paid on deposits, while maintaining our long-term customer relationships.

Selected highlights for the three and nine months ended March 31, 2025 are as follows:

Net Interest Income and Margin

Net interest income increased $3.9 million to $16.2 million for the three months ended March 31, 2025 from $12.3 million for the three months ended March 31, 2024. Net interest income increased $5.3 million to $43.4 million for the nine months ended March 31, 2025 from $38.1 million for the nine months ended March 31, 2024. The increase in net interest income was due to an increase in the average balance of interest-earning assets which increased $205.8 million and $154.6 million when comparing the three and nine months ended March 31, 2025 and 2024, respectively, increases in interest rates on interest-earning assets, which increased 23 basis points and 30 basis points when comparing the three and nine months ended March 31, 2025 and 2024, respectively, and a decrease of 23 basis points in rates paid on interest-bearing liabilities when comparing the three months ended March 31, 2025 and 2024, respectively. The increase in net interest income was offset by increases in the average balance of interest-bearing liabilities, which increased $204.2 million and $156.6 million when comparing the three and nine months ended March 31, 2025 and 2024, respectively, and an increase of 15 basis points in rates paid on interest-bearing liabilities when comparing the nine months ended March 31, 2025 and 2024, respectively.
Average loan balances increased $113.1 million and $80.3 million and the yield on loans increased 19 basis points and 26 basis points when comparing the three and nine months ended March 31, 2025 and 2024, respectively. The average balance of securities increased $104.5 million and $76.4 million and the yield on such securities increased 11 basis points and 40 basis points when comparing the three and nine months ended March 31, 2025 and 2024, respectively. Average interest-bearing bank balances and federal funds decreased $11.9 million and $2.1 million and the yield on interest-bearing bank balances and federal funds increased 22 basis points and 6 basis points when comparing the three and nine months ended March 31, 2025 and 2024, respectively.

The cost of NOW deposits decreased 29 basis points, the cost of certificates of deposit decreased 56 basis points, and the cost of savings and money market deposits decreased 5 basis points when comparing the three months ended March 31, 2025 and 2024, respectively. The cost of NOW deposits increased 9 basis points, the cost of certificates of deposit increased 4 basis points, and the cost of savings and money market deposits increased 8 basis points when comparing the nine months ended March 31, 2025 and 2024, respectively. The growth in interest-bearing liabilities was primarily due to an increase in average NOW deposits of $179.5 million and $120.8 million and an increase in average certificates of deposits of $58.9 million and $58.7 million when comparing the three and nine months ended March 31, 2025 and 2024, respectively. This was partially offset by a decrease in average savings and money market deposits of $14.9 million and $25.4 million when comparing the three and nine months ended March 31, 2025 and 2024, respectively. Yields on interest-earning assets increased when comparing the three and nine months ended March 31, 2025 and 2024 as the Company continued to reprice assets into the higher interest rate environment. During the nine months ended March 31, 2025, the Company implemented a strategic reduction in deposit rates that aligns with the Federal Reserve’s rate cuts, while providing competitive financial solutions to the Company’s customers that reflect the prevailing economic conditions, while growing new relationships.

Net interest rate spread increased 46 basis points to 2.12% for the three months ended March 31, 2025 compared to 1.66% for the three months ended March 31, 2024. Net interest rate spread increased 15 basis points to 1.90% for the nine months ended March 31, 2025, compared to 1.75% for the nine months ended March 31, 2024.
Net interest margin increased 42 basis points to 2.32% for the three months ended March 31, 2025, compared to 1.90% for the three months ended March 31, 2024. Net interest margin increased 15 basis points to 2.14% for the nine months ended March 31, 2025, compared to 1.99% for the nine months ended March 31, 2024. The increase in net interest rate spread and margin during the three and nine months ended March 31, 2025, was due to increases in interest income on loans and securities, as they continue to reprice at higher yields and the interest rates earned on new balances were higher than the historic low levels from the prior periods. This was partially offset by the increase in rates paid on deposits as compared to the nine months ended March 31, 2025.

Net interest income on a taxable-equivalent basis includes the additional amount of interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income. Tax equivalent net interest margin was 2.60% and 2.20% for the three months ended March 31, 2025 and 2024, respectively, and was 2.41% and 2.25% for the nine months ended March 31, 2025 and 2024, respectively.

Credit Quality and Provision for Credit Losses on Loans

Provision for credit losses on loans amounted to $1.1 million and $277,000 for the three months ended March 31, 2025 and 2024, respectively, and $2.3 million and $922,000 for the nine months ended March 31, 2025 and 2024, respectively. The loan provision for the nine months ended March 31, 2025 was primarily attributable to growth in gross loans and a modest deterioration in the economic forecasts used in the Current Expected Credit Loss (“CECL”) model as of March 31, 2025. The allowance for credit losses on loans to total loans receivable was 1.31% at March 31, 2025 compared to 1.28% at June 30, 2024.
Loans classified as substandard and special mention totaled $44.8 million at March 31, 2025 and $48.6 million at June 30, 2024, a decrease of $3.8 million. Of the loans classified as substandard or special mention, $41.6 million were performing at March 31, 2025. There were no loans classified as doubtful or loss at March 31, 2025 or June 30, 2024.
Net charge-offs on loans amounted to $96,000 and $204,000 for the three months ended March 31, 2025 and 2024, respectively, a decrease of $108,000. Net charge-offs totaled $305,000 and $420,000 for the nine months ended March 31, 2025 and 2024, respectively. There were no material charge-offs in any loan segment during the three and nine months ended March 31, 2025.
Nonperforming loans amounted to $2.9 million at March 31, 2025 and $3.7 million at June 30, 2024. The activity in nonperforming loans during the period included $2.3 million in loan repayments, $128,000 in charge-offs or transfers to foreclosure, $67,000 in loans returning to performing status, and $1.7 million of loans placed into nonperforming status. At March 31, 2025, nonperforming assets were 0.10% of total assets compared to 0.13% at June 30, 2024. At March 31, 2025, nonperforming loans were 0.18% of net loans compared to 0.25% at June 30, 2024.

Noninterest Income and Noninterest Expense

Noninterest income increased $444,000, or 13.0%, to $3.9 million for the three months ended March 31, 2025 compared to $3.4 million for the three months ended March 31, 2024. The increase during the three months ended March 31, 2025 was primarily due to a $610,000 Employee Retention Tax Credit (“ERTC”) and an increase in fee income earned on customer interest rate swap contracts of $190,000. This was partially offset by a $665,000 loss on sales of securities available-for-sale. Noninterest income increased $1.3 million, or 12.6%, to $11.5 million for the nine months ended March 31, 2025 compared to $10.2 million for the nine months ended March 31, 2024. The increase during the nine months ended March 31, 2025 was primarily due to a $610,000 Employee Retention Tax Credit (“ERTC”), an increase in fee income earned on customer interest rate swap contracts of $400,000, service charge account fees of $222,000, loan fees of $174,000 and income from bank owned life insurance (“BOLI”) of $359,000. This was partially offset by a $665,000 loss on sales of securities available-for-sale.

Noninterest expense increased $808,000, or 8.8%, to $10.0 million for the three months ended March 31, 2025 compared to $9.2 million for the three months ended March 31, 2024. Noninterest expense increased $1.6 million, or 5.7%, to $29.0 million for the nine months ended March 31, 2025 as compared to $27.4 million for the nine months ended March 31, 2024. The increase during the nine months ended March 31, 2025 was primarily due to an increase of $479,000 in salaries and employee benefit costs, as new positions were created during the period to support the Company’s continued growth, an increase of $341,000 in service and data processing fees and an increase of $749,000 in the allowance for credit losses on unfunded commitments, due to the Company’s increased contractual obligations to extend credit. This was partially offset by a decrease of $116,000 in legal and professional fees during the nine months ended March 31, 2025.

Income Taxes

Provision for income taxes reflects the expected tax associated with the pre-tax income generated for the given period and certain regulatory requirements. The effective tax rate was 9.9% and 8.0% for the three and nine months ended March 31, 2025, and 5.2% and 9.8% for the three and nine months ended March 31, 2024, respectively. The statutory tax rate is impacted by the benefits derived from tax-exempt bond and loan income, the Company’s real estate investment trust subsidiary income, and income received on the bank owned life insurance, to arrive at the effective tax rate. The increase during the three months ended March 31, 2025 is due to higher pre-tax income. The decrease in the effective tax rate during the nine months ended March 31, 2025 primarily reflects a higher mix of tax-exempt income from municipal bonds, tax advantage loans, and bank owned life insurance in proportion to pre-tax income, and solar investment tax credits earned.

Balance Sheet Summary

Total assets of the Company were $3.0 billion at March 31, 2025 and $2.8 billion at June 30, 2024, an increase of $182.2 million, or 6.5%.
Total cash and cash equivalents for the Company were $155.5 million at March 31, 2025 and $190.4 million at June 30, 2024. The Company has continued to maintain strong capital and liquidity positions as of March 31, 2025.
Securities available-for-sale and held-to-maturity increased $96.4 million, or 9.3%, to $1.1 billion at March 31, 2025 as compared to $1.0 billion at June 30, 2024. Securities purchases totaled $330.9 million during the nine months ended March 31, 2025, and consisted primarily of $207.7 million of state and political subdivision securities, $86.4 million of mortgage-backed securities, $24.7 million of U.S. Treasury securities, and $11.4 million of collateralized mortgage obligations. Principal pay-downs and maturities during the nine months ended March 31, 2025 amounted to $234.3 million, primarily consisting of $160.5 million of state and political subdivision securities, $53.0 million of U.S. Treasury securities, $17.5 million of mortgage-backed securities, $2.0 million of collateralized mortgage obligations and $1.3 million of corporate debt securities.
Net loans receivable increased $118.0 million, or 8.0%, to $1.6 billion at March 31, 2025 as compared to $1.5 billion at June 30, 2024. Loan growth experienced during the nine months ended March 31, 2025 consisted primarily of $111.9 million in commercial real estate loans, $3.2 million in home equity loans, $3.0 million in commercial loans, and $2.0 million in residential real estate loans.
Deposits totaled $2.7 billion at March 31, 2025 and $2.4 billion at June 30, 2024, an increase of $265.5 million, or 11.1%. The Company had $11.6 million and zero brokered deposits at March 31, 2025 and June 30, 2024, respectively. NOW deposits increased $232.6 million, or 13.2%, and certificates of deposits increased $53.6 million, or 38.7%, when comparing March 31, 2025 and June 30, 2024. Noninterest bearing deposits decreased $9.2 million, or 7.4%, savings deposits decreased $7.8 million, or 3.1%, and money market deposits decreased $3.7 million, or 3.3%, when comparing March 31, 2025 and June 30, 2024.
Borrowings amounted to $94.0 million at March 31, 2025 compared to $199.1 million at June 30, 2024, a decrease of $105.1 million. At March 31, 2025, borrowings included $42.0 million of overnight borrowings with the Federal Home Loan Bank of New York (“FHLB”), $49.8 million of Fixed-to-Floating Rate Subordinated Notes, and $2.2 million of long-term borrowings with the FHLB.
Shareholders’ equity increased to $229.0 million at March 31, 2025 compared to $206.0 million at June 30, 2024, resulting primarily from net income of $21.8 million and a decrease in accumulated other comprehensive loss of $5.0 million, partially offset by dividends declared and paid of $3.8 million.

Corporate Overview

Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

Forward-Looking Statements

This earnings release contains statements about future events that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by references to a future period or periods or by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “will,” “should,” “could,” “plan,” and other similar terms of expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. These risks, uncertainties and other factors may cause the actual results, performance or achievements expressed in, or implied by, the forward-looking statements to differ materially from those contemplated by the forward-looking statements. Factors that may cause such a difference include, but are not limited to, local, regional, national and international general economic conditions, including actual or potential stress in the banking industry, financial and regulatory changes, changes in interest rates, regulatory considerations, competition, technological developments, retention and recruitment of qualified personnel, changes in customer deposit behavior, and market acceptance of the Company’s pricing, products and services.

The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company’s annual and quarterly reports previously filed with the Securities and Exchange Commission, could affect the Company’s financial performance and could cause the Company’s actual results or circumstances for future periods to differ materially from those anticipated or projected.

Unless required by law, the Company does not undertake, and specifically disclaims any obligations to, publicly release any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

For more information, please see our reports filed with the United States Securities and Exchange Commission (“SEC”), including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q.

Non-GAAP Measures

In addition to presenting information in conformity with accounting principles generally accepted in the United States of America (GAAP), this news release contains financial information determined by methods other than GAAP (non-GAAP). The following measures used in this release, which are commonly utilized by financial institutions, have not been specifically exempted by the Securities and Exchange Commission (“SEC”) and may constitute “non-GAAP financial measures” within the meaning of the SEC’s rules.

The Company has provided in this news release supplemental disclosures for the calculation of net interest margin utilizing a fully taxable-equivalent adjustment and pre-provision net income. Management believes that the non-GAAP financial measures disclosed by the Company from time to time are useful in evaluating the Company’s performance and that such information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Our non-GAAP financial measures may differ from similar measures presented by other companies. Refer to the tables on page 9 for Non-GAAP to GAAP reconciliations.

(END)

Greene County Bancorp, Inc.
Consolidated Statements of Income, and Selected Financial Ratios (Unaudited)


	At or for the Three Months							At or for the Nine Months
	Ended March 31,							Ended March 31,
Dollars in thousands, except share and per share data			2025			2024			2025			2024
Interest income		$	29,779		$	26,071		$	86,966		$	76,336
Interest expense			13,568			13,776			43,551			38,214
Net interest income			16,211			12,295			43,415			38,122
Provision for credit losses			1,084			290			2,196			917
Noninterest income			3,856			3,412			11,468			10,189
Noninterest expense			10,042			9,234			28,978			27,405
Income before taxes			8,941			6,183			23,709			19,989
Tax provision			887			322			1,904			1,952
Net income		$	8,054		$	5,861		$	21,805		$	18,037

Basic and diluted EPS		$	0.47		$	0.34		$	1.28		$	1.06
Weighted average shares outstanding			17,026,828			17,026,828			17,026,828			17,026,828
Dividends declared per share ⁽⁴⁾		$	0.09		$	0.08		$	0.27		$	0.24

Selected Financial Ratios
Return on average assets⁽¹⁾			1.12	%		0.88	%		1.04	%		0.91	%
Return on average equity⁽¹⁾			14.41	%		11.92	%		13.40	%		12.69	%
Net interest rate spread⁽¹⁾			2.12	%		1.66	%		1.90	%		1.75	%
Net interest margin⁽¹⁾			2.32	%		1.90	%		2.14	%		1.99	%
Fully taxable-equivalent net interest margin⁽²⁾			2.60	%		2.20	%		2.41	%		2.25	%
Efficiency ratio⁽³⁾			50.04	%		58.79	%		52.80	%		56.73	%
Non-performing assets to total assets									0.10	%		0.21	%
Non-performing loans to net loans									0.18	%		0.39	%
Allowance for credit losses on loans to non-performing loans									724.65	%		361.45	%
Allowance for credit losses on loans to total loans									1.31	%		1.38	%
Shareholders’ equity to total assets									7.61	%		6.94	%
Dividend payout ratio⁽⁴⁾									21.09	%		22.64	%
Actual dividends paid to net income⁽⁵⁾									17.30	%		14.50	%
Book value per share								$	13.45		$	11.70

⁽¹⁾ Ratios are annualized when necessary.
⁽²⁾ Interest income calculated on a taxable-equivalent basis (non-GAAP) includes the additional interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income.
⁽³⁾ The efficiency ratio has been calculated as noninterest expense divided by the sum of net interest income and noninterest income.
⁽⁴⁾ The dividend payout ratio has been calculated based on the dividends declared per share divided by basic earnings per share. No adjustments have been made to account for dividends waived by Greene County Bancorp, MHC (“MHC”), the Company’s majority shareholder, owning 54.1% of the shares outstanding.
⁽⁵⁾ Dividends declared divided by net income. The MHC waived its right to receive dividends declared during the three months ended March 31, 2023, June 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024 and March 31, 2025. Dividends declared during the three months ended September 30, 2023, September 30, 2024, and December 31, 2024 were paid to the MHC.

Greene County Bancorp, Inc.
Consolidated Statements of Financial Condition (Unaudited)

	At March 31, 2025			At June 30, 2024
Dollars In thousands, except share data
Assets
Cash and due from banks	$	12,717		$	13,897
Interest-bearing deposits		142,766			176,498
Total cash and cash equivalents		155,483			190,395

Long term certificate of deposit		1,640			2,831
Securities available-for-sale, at fair value		355,432			350,001
Securities held-to-maturity, at amortized cost, net of
allowance for credit losses of $422 and $483 at March 31, 2025 and June 30, 2024		781,338			690,354
Equity securities, at fair value		400			328
Federal Home Loan Bank stock, at cost		3,834			7,296

Loans receivable		1,619,378			1,499,473
Less: Allowance for credit losses on loans		(21,196	)		(19,244	)
Net loans receivable		1,598,182			1,480,229

Premises and equipment, net		15,202			15,606
Bank owned life insurance		59,160			57,249
Accrued interest receivable		18,433			14,269
Prepaid expenses and other assets		18,852			17,230
Total assets	$	3,007,956		$	2,825,788

Liabilities and shareholders’ equity
Noninterest bearing deposits	$	116,195		$	125,442
Interest bearing deposits		2,538,522			2,263,780
Total deposits		2,654,717			2,389,222

Borrowings, short-term		42,000			115,300
Borrowings, long-term		2,195			34,156
Subordinated notes payable, net		49,820			49,681
Accrued expenses and other liabilities		30,181			31,429
Total liabilities		2,778,913			2,619,788
Total shareholders’ equity		229,043			206,000
Total liabilities and shareholders’ equity	$	3,007,956		$	2,825,788
Common shares outstanding		17,026,828			17,026,828
Treasury shares		195,852			195,852

The above information is preliminary and based on the Company’s data available at the time of presentation.

Non-GAAP to GAAP Reconciliations

The following table summarizes the adjustments made to arrive at the fully taxable-equivalent net interest margins.

	For the three months ended March 31,						For the nine months ended March 31,
(Dollars in thousands)		2025			2024				2025			2024
Net interest income (GAAP)	$	16,211		$	12,295			$	43,415		$	38,122
Tax-equivalent adjustment⁽¹⁾		1,945			1,897				5,524			5,051
Net interest income-fully taxable-equivalent basis (non-GAAP)	$	18,156		$	14,192			$	48,939		$	43,173

Average interest-earning assets (GAAP)	$	2,789,102		$	2,583,271			$	2,711,083		$	2,556,441
Net interest margin-fully taxable-equivalent basis (non-GAAP)		2.60	%		2.20	%			2.41	%		2.25	%

_{⁽¹⁾ Interest income calculated on a taxable-equivalent basis (non-GAAP) includes the additional interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income. The rate used for this adjustment was 21% for federal income taxes for the three and nine months ended March 31, 2025 and 2024, 4.44% for New York State income taxes for the three and nine months ended March 31, 2025 and 2024.}

The following table summarizes the adjustments made to arrive at pre-provision net income.

	For the three months ended March 31,
(Dollars in thousands)		2025		2024
Net income (GAAP)	$	8,054	$	5,861
Provision for credit losses		1,084		290
Pre-provision net income (non-GAAP)	$	9,138	$	6,151

	For the nine months ended March 31,
(Dollars in thousands)		2025		2024
Net income (GAAP)	$	21,805	$	18,037
Provision for credit losses		2,196		917
Pre-provision net income (non-GAAP)	$	24,001	$	18,954

The above information is preliminary and based on the Company’s data available at the time of presentation.

For Further Information Contact:
Donald E. Gibson
President & CEO
(518) 943-2600
donaldg@tbogc.com

Nick Barzee
SVP & CFO
(518) 943-2600
nickb@tbogc.com

The MIL Network –

April 23, 2025

MIL-OSI: XenDex Reveals the Problems It Aims to Tackle on the XRP Ledger, and Its Token Use Cases
Source: GlobeNewswire (MIL-OSI)

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- Trading benefits – reduced fees while using our platform, access to exclusive and premium features
An Interface Built for Everyone

One of XenDex’s standout strengths is its user-first interface. The app is designed to be sleek, fast, and incredibly easy to use, even for individuals transitioning from Web2. From real-time trading to lending dashboards, everything is accessible with clean navigation, no need for technical knowledge or third-party help. Onboarding on XenDex is seamless and frictionless.

Why You Should Join the XenDex Community

XenDex is fundamentally community-driven platform developed on the Ripple blockchain, and joining early offers major advantages such as:
- Feeling among and being part of a like-minded community
- Stay informed with first-hand updates and know more about XenDex through AMAs
- Participate in events, contests, and community games
- Get airdrops and other community rewards
- Help shape the project’s future through community governance
Follow Us On Our Socials Below:

Website: https://xendex.net
Telegram: https://t.me/XenDexCommunity
Twitter: https://x.com/XenDex_XRP

Contact:
Frank Richards
Frank@xendex.net

Disclaimer: This is a paid post provided by XenDex. 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.

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The MIL Network –
April 23, 2025
MIL-OSI: MC Squared Energy Services (MC2) Celebrates Earth Day 2025 With Annual Green Initiative
Source: GlobeNewswire (MIL-OSI)
- To celebrate Earth Day 2025, on Tuesday, April 22, MC2 will retire Midwest-generated Renewable Energy Certificates (RECs) equal to 100% of the energy its customers consume this day.
- This amount is equivalent to eliminating more than 2,000 metric tons of CO₂ from the atmosphere.
- MC2 continuously supports the development of renewable generation resources in the Midwest.
CHICAGO, April 22, 2025 (GLOBE NEWSWIRE) — MC Squared Energy Services, LLC (MC2), a Chicago based retail electric supplier, will celebrate Earth Day 2025 with their annual green initiative. On Tuesday, April 22, MC2 will retire wind and solar based Renewable Energy Certificates (RECs) equal to 100% of this day’s energy consumption of its entire client base. This includes all residential, commercial, educational, and governmental customers served by MC2. These RECs are in addition to existing state-mandated Renewable Portfolio Standard (RPS) compliance requirements.

On Earth Day 2025, MC2 is projected to retire wind and solar generated renewable energy certificates equivalent to eliminating more than 2,000 metric tons of CO₂ from the atmosphere. “We are excited to continue our tradition of celebrating Earth Day again this year by supporting clean, renewable energy resources,” states MC2 founder and president, Chuck Sutton.

MC Squared Energy Services offers electricity supply products and services that are backed by RECs as a way for customers to support the reduction of harmful emissions and help the environment. A REC represents 1,000 kilowatt-hours of electricity that has been generated from a renewable energy source.

About MC Squared Energy Services, LLC

Established in 2008 by veteran energy industry experts, MC Squared Energy Services, LLC (MC2) is a certified retail electric-service provider headquartered in Chicago. MC2 helps municipalities, businesses, and individuals with competitive electric supply products to fit their specific needs. The company’s customer-focused team has the resources and knowledge to meet its customers electrical supply requirements. MC2 prides itself on being easy to work with and responsive to its customers.

MC Squared Energy Services, LLC is a wholly owned subsidiary of IGS Energy, headquartered in Dublin, Ohio. IGS Energy is redefining what it means to be an energy retailer. The company is leading a transition to a more sustainable energy future for a healthier planet by empowering home and business customers to source the energy that’s right for them, manage their costs and carbon footprint, and protect the systems that keep their homes running efficiently.

For Further Product Information, Contact:
Samantha Komzak
MC Squared Energy Services, LLC
312-854-1981
skomzak@mc2energyservices.com

Illinois Required Disclosure (ComEd Service Area)
MC Squared Energy Services, LLC (MC2) is not the same entity as your electric delivery company. You are not required to enroll with MC2. As of April 2025, the electric supply price to compare to is currently 6.552 cents per kWh¹. The electric utility electric supply price will expire on May 31, 2025. The utility electric supply price to compare does not include the purchased electricity adjustment factor. For more information, go to the Illinois Commerce Commission’s free website at www.pluginillinois.org.

¹The electric supply price to compare is for residential customers. Electric supply prices to compare for other rate classes (in cents per kWh) that are currently applicable include: Watt-Hour Non-Electric Space Heating – 6.574 cents/kWh; Demand Non-Electric Space Heating – 6.624 cents/kWh; Nonresidential Electric Space Heating – 6.450 cents/kWh; Dusk to Dawn Lighting – 3.723 cents/kWh; General Lighting – 6.107 cents/kWh.

Illinois Required Disclosure (Ameren Service Area)
MC Squared Energy Services, LLC (MC2) is not the same entity as your electric delivery company. You are not required to enroll with MC2. As of April 2025, the electric utility electric supply price to compare to is currently 8.277 cents/kWh (Up to 800 kWh) and 7.693 cents/kWh (Above 800 kWh)¹. The utility electric supply price will expire on May 31, 2025. The utility electric supply price to compare does not include the purchased electricity adjustment factor. For more information, go to the Illinois Commerce Commission’s free website at www.pluginillinois.org.

¹ The electric supply price to compare listed above is for residential customers. Other rate class rates as of the month above (in cents per kWh): Small General Service (Secondary) 9.040; Small General Service (Primary) 8.891; Small General Service (High Voltage) 8.803.

The MIL Network –
April 23, 2025
MIL-OSI: The Future of Innovation in Arizona is Bright: DataGlobal Hub Supports Governor Hobbs’ Robotics Innovation Month by Announcing the Phoenix Tech Festival on AI & Innovation
Source: GlobeNewswire (MIL-OSI)

PHOENIX, April 22, 2025 (GLOBE NEWSWIRE) — DataGlobal Hub, a leading global media company focused on Data and Artificial Intelligence (AI), is thrilled to announce the Phoenix Tech Festival, an in-person technology conference designed to bring together data professionals, business leaders, tech enthusiasts, and researchers for an unforgettable experience of learning, connection, and growth.

Phoenix Tech Festival will take place on May 10, 2025, at the University of Advancing Technology in Tempe, Arizona. Spotlighting how AI is driving innovation and reshaping the future of business, featuring the brightest minds in the industry.

This immersive evening event will offer attendees a chance to engage in insightful AI discussions, hands-on tech showcases, and real conversations on the evolving digital landscape. From expert panels to dynamic exhibitions, the festival provides a space where ideas ignite, knowledge flows, and valuable connections are made.

The event is scheduled to run from 6:00 PM to 11:00 PM, beginning with exclusive tech discussions, panel sessions, and live showcases, followed by a vibrant afterparty between 11:00 PM — 2:00 AM offering a relaxed setting for deeper networking and celebration.

Whether you’re a seasoned technologist, an emerging entrepreneur, or simply curious about the possibilities of AI, Phoenix Tech Festival offers the clarity, perspective, and opportunities you need to move forward.

Conference Highlights

Keynote Speakers:
- Jarrett Albritton – Vice President of Sales and Strategy at WriteSea and host of the Big Tech Energy Podcast, with over $40 million in sales-driven results and a mission to uplift diverse tech talent.
- Richard H. Miller – AI and Design Strategy Consultant and former Senior Director at Oracle, recognized for his leadership in conversational AI and global UX design.
- Bill Swartz – Founder and Director of AIVN, with over 23 years of executive search experience at Swartz Executive Search, drives Arizona’s AI and deep tech startup ecosystem through innovation and networking.
- Seyi Ogebule Ph.D. – Product Lead for Edge GPU, Network & Edge at Intel with over 11 years of experience, specializes in AI, graphics, and media workloads, driving innovation in edge computing
- Professor Matthew Prater – Professor of Robotics and Embedded Systems at UAT. With over 15 years in pharmaceuticals, he led robotic synthesis innovations and recently guided the UAT Robotics Team to victory at the 2025 VEX U Judges Award.
- Professor Brant Becote, PhD, CISSP, PMP – Cybersecurity Professor at UAT and former Director of International Relations for the US Navy. Brings 22+ years of experience in cybersecurity, diplomacy, and strategic leadership.
Workshop
- PJ W. – Advisor at Pixel Palette Nation and Partner at AnChain.AI, focused on ethical tech deployment in Web3, blockchain, and digital ecosystems.
- Matt Burkett – Director at CEOPro.ai, a visionary in AI integration with over 14 years in R&D and innovation at companies such as Neuro AI and Preferred Tactical.
Panelists:
Panel Topic: The Future of Technology, AI and Innovation
- Stephanie Orji, CPACC – Senior ADA Analyst and Director of Digital Accessibility, an advocate for inclusive digital solutions and equal access across the web.
- Jarrett Albritton – Vice President of Sales and Strategy at WriteSea and host of the Big Tech Energy Podcast, with over $40 million in sales-driven results and a mission to uplift diverse tech talent.
- Dr. Matteo Genna – Chief Product Officer at Lunasonde and former CTO of World View Enterprises, with over two decades of experience in engineering, remote sensing, and aerospace innovation.
- Tim Taylor – Patent Attorney at Garlick & Markison, specializing in litigation-grade patent portfolio development with over 15 years of experience.
- Kent Gibson – Chief Technology Officer at REVOBOT and former Head of Science at Ocado Technology, known for pioneering advancements in mechatronics and robotics innovation.
- Professor Matthew Prater – Professor of Robotics and Embedded Systems at UAT. With over 15 years in pharmaceuticals, he led robotic synthesis innovations and recently guided the UAT Robotics Team to victory at the 2025 VEX U Judges Award.
- Professor Brant Becote, PhD, CISSP, PMP – Cybersecurity Professor at UAT and former Director of International Relations for the US Navy. Brings 22+ years of experience in cybersecurity, diplomacy, and strategic leadership.
Panel Topic: Beyond the Buzz: Real-World Content Creation with AI Tools
- Brandon Falk – Short Form Video Ad Campaign Creator with over 11 years of experience in creative production, specializing in 15-second videos that enhance brand identity and growth.
- PJ W. – Advisor at Pixel Palette Nation and Partner at AnChain.AI, focused on ethical tech deployment in Web3, blockchain, and digital ecosystems.
Featured Exhibitors:
- DataRango – A gamified learning platform designed to make data and AI education more engaging and accessible.
- CEOPro.ai – An AI-powered business consulting solution offering fast, actionable insights for decision-makers.
- REVOBOTS – Showcasing TaskBot, a hyper-humanoid 3D printed platform powered by agentic AI and built to operate seamlessly in real-world environments.
- OPNRS – A Berlin-based boutique agency specializing in supporting disruptive companies and brands through creative events, media, and team-building initiatives.
- Interview Buddy – A virtual interview platform connecting users with elite professionals across disciplines, including machine learning, UI/UX, product management, and more.
AIVN Showcase Success

Following our participation in the AIVN AI/ML & Robotics Startup & Innovation Showcase on April 17, masterfully organized by the Artificial Intelligence Venture Network in partnership with REVOBOT, DataGlobal Hub proudly presented DataRango, our gamified learning platform, alongside over 15 leading tech exhibitors. The event, brought to life under the visionary leadership of Bill Swartz, was more than a showcase; it was a catalyst for connection, learning, and innovation. With tech experts, thought leaders, and enthusiasts in attendance, it marked a significant milestone in our journey. We also hosted open mentoring sessions in collaboration with Innov8ive Academy, equipping attendees with actionable insights for breaking into top global tech roles. Bill’s dedication to building a vibrant, inclusive tech ecosystem continues to inspire and drive meaningful impact across the industry.

About DataGlobal Hub

DataGlobal Hub is a trusted global media organization focused on news, analysis, and resources in the world of Data and Artificial Intelligence. Our mission is to empower individuals and organizations to thrive in the digital era through high-quality content, thought leadership, and community engagement. With a growing network of global experts and contributors, we remain committed to making AI knowledge practical, inclusive, and impactful.

Call to Action

Registration: Secure your spot now: https://dataglobalhub.org/events/phoenix-tech-festival

Ticket price: 100 dollars (20% off early bird offer)

After-party ticket costs $20.

Learn More About DataGlobal Hub:

Website: https://dataglobalhub.org

Instagram: https://www.instagram.com/dataglobalhub?igsh=YzljYTk1ODg3Zg==

LinkedIn: https://www.linkedin.com/company/dataglobal-hub/

X (Twitter): https://x.com/DataGlobalHub

Media Contact

Company Name: DataGlobal Hub

Website: https://www.dataglobalhub.org/

Contact Person: Mojeed Abisiga, CEO

Email: abisigadamilola@gmail.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/1ccd95cd-e6dd-4bc8-ac19-ff14c4cf7eca

https://www.globenewswire.com/NewsRoom/AttachmentNg/fab1d474-b874-4fef-9b23-744a49bcc99f

The MIL Network –
April 23, 2025

MIL-OSI: First Financial Corporation Reports First Quarter Results

Source: GlobeNewswire (MIL-OSI)

TERRE HAUTE, Ind., April 22, 2025 (GLOBE NEWSWIRE) — First Financial Corporation (NASDAQ:THFF) today announced results for the first quarter of 2025.

Net income was $18.4 million compared to $10.9 million reported for the same period of 2024;
Diluted net income per common share of $1.55 compared to $0.93 for the same period of 2024;
Return on average assets was 1.34% compared to 0.91% for the three months ended March 31, 2024;
Credit loss provision was $2.0 million compared to provision of $1.8 million for the first quarter 2024; and
Pre-tax, pre-provision net income was $25.7 million compared to $14.9 million for the same period in 2024.¹

________________________¹Non-GAAP financial measure that Management believes is useful for investors and management to understand pre-tax profitability before giving effect to credit loss expense and to provide additional perspective on the Corporation’s performance over time as well as comparison to the Corporation’s peers and evaluating the financial results of the Corporation – please refer to the Non GAAP reconciliations contained in this release.

Average Total Loans

Average total loans for the first quarter of 2025 were $3.84 billion versus $3.18 billion for the comparable period in 2024, an increase of $662 million or 20.80%. On a linked quarter basis, average loans increased $51 million or 1.35% from $3.79 billion as of December 31, 2024. Increases in average loans year-over-year were a combination of the acquisition of SimplyBank on July 1, 2024, and organic growth.

Total Loans Outstanding

Total loans outstanding as of March 31, 2025, were $3.85 billion compared to $3.19 billion as of March 31, 2024, an increase of $662 million or 20.74%. On a linked quarter basis, total loans increased $16.9 million or 0.44% from $3.84 billion as of December 31, 2024. The year-over-year increase was impacted by the $467 million in loans acquired in the SimplyBank acquisition in July 2024. Organic growth was primarily driven by increases in Commercial Construction and Development, Commercial Real Estate, and Consumer Auto loans.

Norman D. Lowery, President and Chief Executive Officer, commented “We have had six consecutive quarters of loan growth and have had another record quarter of net interest income. Our net interest margin has also continued to expand. We believe we are well positioned with our strong balance sheet, stable credit quality, and strong capital levels for continued growth.”

Average Total Deposits

Average total deposits for the quarter ended March 31, 2025, were $4.65 billion versus $4.05 billion as of March 31, 2024, an increase of $605 million, or 14.95%. Increases in average deposits year-over-year were mostly a result of the acquisition of SimplyBank.

Total Deposits

Total deposits were $4.64 billion as of March 31, 2025, compared to $4.11 billion as of March 31, 2024. $622 million in deposits were acquired in the SimplyBank acquisition in July 2024. Non-interest bearing deposits were $856 million, and time deposits were $726 million as of March 31, 2025, compared to $738 million and $581 million, respectively for the same period of 2024.

Shareholders’ Equity

Shareholders’ equity at March 31, 2025, was $571.9 million compared to $520.8 million on March 31, 2024. During the last twelve months, the Corporation has not repurchased any shares of its common stock. 518,860 shares remain available for repurchase under the current repurchase authorization. The Corporation paid a $0.51 per share quarterly dividend in January and declared a $0.51 quarterly dividend, which was paid on April 15, 2025.

Book Value Per Share

Book Value per share was $48.26 as of March 31, 2025, compared to $44.08 as of March 31, 2024, an increase of $4.18 per share, or 9.49%. Tangible Book Value per share was $38.13 as of March 31, 2025, compared to $36.26 as of March 31, 2024, an increase of $1.87 per share or 5.16%.

Tangible Common Equity to Tangible Asset Ratio

The Corporation’s tangible common equity to tangible asset ratio was 8.32% at March 31, 2025, compared to 9.00% at March 31, 2024.

Net Interest Income

Net interest income for the first quarter of 2025 was a record $52.0 million, compared to $38.9 million reported for the same period of 2024, an increase of $13.1 million, or 33.5%. Interest income increased $13.6 million and interest expense increased $574 thousand year over year.

Net Interest Margin

The net interest margin for the quarter ended March 31, 2025, was 4.11% compared to the 3.53% reported at March 31, 2024.

Nonperforming Loans

Nonperforming loans as of March 31, 2025, were $10.2 million versus $24.3 million as of March 31, 2024. The ratio of nonperforming loans to total loans and leases was 0.26% as of March 31, 2025, versus 0.76% as of March 31, 2024. On a linked quarter basis, nonperforming loans were $13.3 million, and the ratio of nonperforming loans to total loans and leases was 0.35% as of December 31, 2024.

Credit Loss Provision

The provision for credit losses for the three months ended March 31, 2025, was $2.0 million, compared to $1.8 million for the same period 2024.

Net Charge-Offs

In the first quarter of 2025 net charge-offs were $1.8 million compared to $1.5 million in the same period of 2024.

Allowance for Credit Losses

The Corporation’s allowance for credit losses as of March 31, 2025, was $46.8 million compared to $40.0 million as of March 31, 2024. The allowance for credit losses as a percent of total loans was 1.22% as of March 31, 2025, compared to 1.25% as of March 31, 2024. On a linked quarter basis, the allowance for credit losses as a percent of total loans was unchanged from December 31, 2024.

Non-Interest Income

Non-interest income for the three months ended March 31, 2025 and 2024 was $10.5 million and $9.4 million, respectively.

Non-Interest Expense

Non-interest expense for the three months ended March 31, 2025, was $36.8 million compared to $33.4 million in 2023.

Efficiency Ratio

The Corporation’s efficiency ratio was 57.54% for the quarter ending March 31, 2025, versus 67.21% for the same period in 2024.

Income Taxes

Income tax expense for the three months ended March 31, 2025, was $5.4 million versus $2.2 million for the same period in 2024. The effective tax rate for 2025 was 22.59% compared to 16.79% for 2024.

About First Financial Corporation

First Financial Corporation (NASDAQ:THFF) is the holding company for First Financial Bank N.A., which is the fifth oldest national bank in the United States, operating 83 banking centers in Illinois, Indiana, Kentucky, Tennessee, and Georgia. Additional information is available at www.first-online.bank.

Investor Contact:
Rodger A. McHargue
Chief Financial Officer
P: 812-238-6334
E: rmchargue@first-online.com


	Three Months Ended
	March 31,		December 31,		March 31,
	2025		2024		2024
END OF PERIOD BALANCES
Assets	$	5,549,094	$	5,560,348	$	4,852,615
Deposits	$	4,640,003	$	4,718,914	$	4,105,103
Loans, including net deferred loan costs	$	3,854,020	$	3,837,141	$	3,191,983
Allowance for Credit Losses	$	46,835	$	46,732	$	40,045
Total Equity	$	571,945	$	549,041	$	520,766
Tangible Common Equity ^(a)	$	451,874	$	427,470	$	428,430

AVERAGE BALANCES
Total Assets	$	5,508,767	$	5,516,036	$	4,804,364
Earning Assets	$	5,194,478	$	5,196,352	$	4,566,461
Investments	$	1,266,300	$	1,311,415	$	1,308,322
Loans	$	3,841,752	$	3,790,515	$	3,180,147
Total Deposits	$	4,650,883	$	4,757,438	$	4,045,838
Interest-Bearing Deposits	$	3,837,679	$	3,925,740	$	3,326,090
Interest-Bearing Liabilities	$	261,174	$	134,553	$	221,425
Total Equity	$	564,742	$	556,330	$	522,720

INCOME STATEMENT DATA
Net Interest Income	$	51,975	$	49,602	$	38,920
Net Interest Income Fully Tax Equivalent ^(b)	$	53,373	$	50,985	$	40,297
Provision for Credit Losses	$	1,950	$	2,000	$	1,800
Non-interest Income	$	10,511	$	12,213	$	9,431
Non-interest Expense	$	36,759	$	39,801	$	33,422
Net Income	$	18,406	$	16,241	$	10,924

PER SHARE DATA
Basic and Diluted Net Income Per Common Share	$	1.55	$	1.37	$	0.93
Cash Dividends Declared Per Common Share	$	0.51	$	0.51	$	0.45
Book Value Per Common Share	$	48.26	$	46.36	$	44.08
Tangible Book Value Per Common Share ^(c)	$	38.13	$	36.77	$	36.26
Basic Weighted Average Common Shares Outstanding		11,842		11,824		11,803

________________________
(a)   Tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible common equity by excluding goodwill and other intangible assets from shareholder’s equity.
(b)   Net interest income fully tax equivalent is a non-GAAP financial measure derived from GAAP-based amounts. We calculate net interest income fully tax equivalent by adding back the tax equivalent factor of tax exempt income to net interest income. We calculate the tax equivalent factor of tax exempt income by dividing tax exempt income by the net of tax rate of 75%.
(c)   Tangible book value per common share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate the factor by dividing average tangible common equity by average shares outstanding. We calculate average tangible common equity by excluding average intangible assets from average shareholder’s equity.


Key Ratios	Three Months Ended
	March 31,		December 31,		March 31,
	2025		2024		2024
Return on average assets	1.34	%	1.18	%	0.91	%
Return on average common shareholder’s equity	13.04	%	11.68	%	8.36	%
Efficiency ratio	57.54	%	62.98	%	67.21	%
Average equity to average assets	10.25	%	10.09	%	10.88	%
Net interest margin ^(a)	4.11	%	3.94	%	3.53	%
Net charge-offs to average loans and leases	0.19	%	0.15	%	0.19	%
Credit loss reserve to loans and leases	1.22	%	1.22	%	1.25	%
Credit loss reserve to nonperforming loans	460.57	%	351.37	%	165.12	%
Nonperforming loans to loans and leases	0.26	%	0.35	%	0.76	%
Tier 1 leverage	10.63	%	10.38	%	12.02	%
Risk-based capital – Tier 1	12.70	%	12.43	%	14.69	%

________________________
(a) Net interest margin is calculated on a tax equivalent basis.


Asset Quality	Three Months Ended
	March 31,		December 31,		March 31,
	2025		2024		2024
Accruing loans and leases past due 30-89 days	$	17,007	$	22,486	$	17,937
Accruing loans and leases past due 90 days or more	$	1,109	$	1,821	$	1,395
Nonaccrual loans and leases	$	9,060	$	11,479	$	22,857
Other real estate owned	$	560	$	523	$	167
Nonperforming loans and other real estate owned	$	10,729	$	13,823	$	24,419
Total nonperforming assets	$	13,631	$	16,719	$	27,307
Gross charge-offs	$	3,241	$	3,070	$	3,192
Recoveries	$	1,394	$	1,633	$	1,670
Net charge-offs/(recoveries)	$	1,847	$	1,437	$	1,522


Non-GAAP Reconciliations	Three Months Ended March 31,
	2025		2024
($in thousands, except EPS)
Income before Income Taxes	$	23,777	$	13,129
Provision for credit losses		1,950		1,800
Provision for unfunded commitments		—		—
Pre-tax, Pre-provision Income	$	25,727	$	14,929


CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except per share data)

	March 31,			December 31,
	2025			2024
	(unaudited)
ASSETS
Cash and due from banks	$	86,211		$	93,526
Federal funds sold		427			820
Securities available-for-sale		1,182,495			1,195,990
Loans:
Commercial		2,208,426			2,196,351
Residential		966,521			967,386
Consumer		673,751			668,058
		3,848,698			3,831,795
(Less) plus:
Net deferred loan costs		5,322			5,346
Allowance for credit losses		(46,835	)		(46,732	)
		3,807,185			3,790,409
Restricted stock		17,528			17,555
Accrued interest receivable		25,556			26,934
Premises and equipment, net		80,317			81,508
Bank-owned life insurance		129,410			128,766
Goodwill		100,026			100,026
Other intangible assets		20,045			21,545
Other real estate owned		560			523
Other assets		99,334			102,746
TOTAL ASSETS	$	5,549,094		$	5,560,348

LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Non-interest-bearing	$	856,063		$	859,014
Interest-bearing:
Certificates of deposit exceeding the FDIC insurance limits		145,609			144,982
Other interest-bearing deposits		3,638,331			3,714,918
		4,640,003			4,718,914
Short-term borrowings		137,609			187,057
FHLB advances		124,898			28,120
Other liabilities		74,639			77,216
TOTAL LIABILITIES		4,977,149			5,011,307

Shareholders’ equity
Common stock, $.125 stated value per share;
Authorized shares-40,000,000
Issued shares-16,190,157 in 2025 and 16,165,023 in 2024
Outstanding shares-11,850,645 in 2025 and 11,842,539 in 2024		2,019			2,018
Additional paid-in capital		146,159			145,927
Retained earnings		699,729			687,366
Accumulated other comprehensive income/(loss)		(121,182	)		(132,285	)
Less: Treasury shares at cost-4,339,512 in 2025 and 4,322,484 in 2024		(154,780	)		(153,985	)
TOTAL SHAREHOLDERS’ EQUITY		571,945			549,041
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	5,549,094		$	5,560,348


CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Dollar amounts in thousands, except per share data)

	Three Months Ended
	March 31,
	2025		2024

INTEREST INCOME:
Loans, including related fees	$	63,612	$	50,052
Securities:
Taxable		6,002		5,931
Tax-exempt		2,604		2,603
Other		814		817
TOTAL INTEREST INCOME		73,032		59,403
INTEREST EXPENSE:
Deposits		18,199		17,731
Short-term borrowings		1,693		976
Other borrowings		1,165		1,776
TOTAL INTEREST EXPENSE		21,057		20,483
NET INTEREST INCOME		51,975		38,920
Provision for credit losses		1,950		1,800
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES		50,025		37,120
NON-INTEREST INCOME:
Trust and financial services		1,393		1,333
Service charges and fees on deposit accounts		7,585		6,708
Other service charges and fees		316		223
Interchange income		214		179
Loan servicing fees		165		269
Gain on sales of mortgage loans		225		176
Other		613		543
TOTAL NON-INTEREST INCOME		10,511		9,431
NON-INTEREST EXPENSE:
Salaries and employee benefits		19,248		17,330
Occupancy expense		2,676		2,359
Equipment expense		4,505		4,144
FDIC Expense		750		662
Other		9,580		8,927
TOTAL NON-INTEREST EXPENSE		36,759		33,422
INCOME BEFORE INCOME TAXES		23,777		13,129
Provision for income taxes		5,371		2,205
NET INCOME		18,406		10,924
OTHER COMPREHENSIVE INCOME (LOSS)
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes		11,100		(11,096	)
Change in funded status of post retirement benefits, net of taxes		3		73
COMPREHENSIVE INCOME (LOSS)	$	29,509	$	(99	)
PER SHARE DATA
Basic and Diluted Earnings per Share	$	1.55	$	0.93
Weighted average number of shares outstanding (in thousands)		11,842		11,803

The MIL Network –

April 23, 2025

MIL-OSI: Mulberry and Arkansas Homefurnishings Association Partner to Elevate Protection and Profitability for Furniture Retailers

Source: GlobeNewswire (MIL-OSI)

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) — Mulberry, the people-first product protection platform, is proud to announce an exclusive partnership with the Arkansas Homefurnishings Association (ARHFA), a leading voice for furniture retailers in the region. Mulberry will offer cutting-edge product protection solutions and technology-driven programs to ARHFA members — helping furniture retailers deliver more value to customers, build trust, and grow revenue, all while upholding the highest standards of ethics and service.

“We are committed to delivering best-in-class programs for our members to support and protect their businesses,” said Kevin D. Steele, Executive Director of the ARHFA. “Mulberry’s transparency, innovation, and ethical approach make them the perfect partner as we look toward the future of furniture retail. Mulberry has the technology, innovation and service to advance our mission and support furniture retailers.”

The partnership positions Mulberry as the exclusive product protection provider for ARHFA, offering its full suite of personalized protection plans to all members at industry-low prices. Mulberry’s flexible programs are designed to drive customer satisfaction and loyalty, while increasing average order value and profitability for retailers.

“The ARHFA plays a critical role in supporting the success of independent furniture retailers,” said Chinedu Eleanya, CEO of Mulberry. “Their unwavering support and advocacy of technology, programs and legislative initiatives allows furniture businesses to thrive. Together, we’re helping retailers grow sustainably and better serve their communities.”

This partnership directly supports ARHFA’s mission to equip its members with the tools, education, and financing solutions they need to grow and adapt in a competitive market. By integrating Mulberry’s innovative platform, members can now offer seamless, customer-centric protection plans directly at the point of sale — both in-store and online.

To learn more about Mulberry’s product protection solutions, visit getmulberry.com

About Arkansas Homefurnishings Association

The Arkansas Homefurnishings Association (ARHFA) is committed to leading with vision, offering advanced programs and technologies, taking a proactive stance in government affairs, and promoting high standards of ethics and professional development in the furniture industry. The ARHFA continues to grow and proudly counts more than 500 retail and associate members alongside its collaboration with affiliate members across 27 other states. To learn more about the Arkansas Homefurnishings Association, visit www.arhfa.com.

About Mulberry
Mulberry is a people-first product protection platform that offers solutions for retail partners and consumers. Mulberry product protection plans can be purchased directly from Mulberry or through qualified retail partners. Mulberry protects customer purchases from accidental damages and losses with a best-in-class solution that offers simple claims-filing and fast resolutions. To learn more about Mulberry, visit https://www.getmulberry.com.

Press contact:

press@getmulberry.com

The MIL Network –

April 23, 2025
MIL-OSI: Canadian Colleges for a Resilient Recovery and Wawanesa Award $150,000 to Five Youth-Led Climate Projects
Source: GlobeNewswire (MIL-OSI)

HAMILTON, Ontario, April 22, 2025 (GLOBE NEWSWIRE) — Innovative climate solutions require bold ideas, and young leaders are stepping up to the challenge. Wawanesa Insurance and Canadian Colleges for a Resilient Recovery (C2R2) are thrilled to announce the latest recipients of the Wawanesa Climate Champions: Youth Innovation Grants. The $150,000 in available funding will support youth-led projects focused on tackling climate change and building more resilient communities across Canada.

Through a competitive selection process, five outstanding projects have been chosen to each receive a $30,000 grant to develop and implement their climate-focused initiative with support from C2R2 partner institutions. These projects represent the creativity and commitment of young Canadians striving for meaningful environmental impact.

“The level of innovation and dedication from young leaders across Canada is truly inspiring,” said Has Malik, Saskatchewan Polytechnic Provost & Vice President Academic and C2R2 Co-Chair. “By investing in these projects, we are not only supporting youth-led ideas, but also empowering the next generation to take an active role in shaping a more sustainable future.”

Recognizing the critical role youth play in driving climate adaptation and mitigation solutions, Wawanesa first awarded the grant last year in partnership with C2R2. The initiative is part of the Wawanesa Climate Champions program, which reinforces the insurer’s annual $2 million commitment to building stronger, more resilient communities.

“Canada’s youth are instrumental in building more climate-resilient communities,” said Jackie De Pape Hornick, Director, Communications & Community Impact at Wawanesa. “These grants are designed to empower young climate champions to transform their innovative ideas into action. We’re proud to once again partner with C2R2 to support another group of changemakers as they create a meaningful, lasting impact in our communities.”

The Wawanesa Climate Champions: Youth Innovation Grants received over 10 outstanding submissions from youth across seven of C2R2’s institution partners. Of the projects, the following have been selected to receive funding:
- Anamika Gupta at Saskatchewan Polytechnic for her project; Prairie EcoWatt: Energy Champions of Saskatchewan.
- Clarissa Getigan at New Brunswick Community College for her project; Sustainable Greenhouse Farming: Securing Food with Resource Efficiency.
- Dexter Guino at the Southern Alberta Institute of Technology for his project; Enhancing the Durability Performance of Low-Carbon Concrete using Carbon-Sequestered SCM.
- Jeshuah Gilroy at Holland College for his project; Novel bioremediation approach to neutralize nitrous oxide precursors from water.
- Maninder Kailay and Nga Phan at the British Columbia Institute of Technology for their project; Supercritical CO₂ Techniques for Lithium-Ion Battery Metal Recovery.
These projects will be implemented over the next year, with recipients working alongside industry experts, academic mentors, and community partners to maximize their impact.

About Canadian Colleges for a Resilient Recovery (C2R2)

Canadian Colleges for a Resilient Recovery (C2R2) is a coalition of 15 highly aligned colleges, cégeps, institutes, and polytechnics across Canada with an established commitment to sustainability. The coalition members have come together as a driving force, providing the skills required to transition to a clean economy in Canada. C2R2’s administration and secretariat are located at Mohawk College in Hamilton.

For more information, visit www.resilientcolleges.ca.

About The Wawanesa Mutual Insurance Company

The Wawanesa Mutual Insurance Company, founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion. Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada. The company actively gives back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. Learn more at wawanesa.com.

For more information:

Sean Coffey
Director, Communications
Mohawk College
905-575-2127
sean.coffey@mohawkcollege.ca

Michel Rosset
Manager, Corporate Communications & Media Relations
The Wawanesa Mutual Insurance Company
media@wawanesa.com

The MIL Network –
April 23, 2025
MIL-OSI: Extension of 2025/2026 Offer

Source: GlobeNewswire (MIL-OSI)

ProVen VCT plc
ProVen Growth and Income VCT plc

22 April 2025

Extension of 2025/2026 Offer

On 6 November 2024, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched offers for subscription (the “Offer”) to raise up to £30.0 million by way of an issue of new ordinary shares (“New Ordinary Shares”) in the Companies, with each of the Companies raising up to £15.0 million, together with an over-allotment facility of up to a further £10.0 million (being up to £5.0 million for each of the Companies). Full details of the Offer are contained in a prospectus (comprising a Securities Note, Registration Document and Summary (the “Prospectus”)), which was published by the Companies on 6 November 2024.

The boards of each of the Companies are pleased to announce that the 2025/26 Offer for each of the Companies has been extended in accordance with the terms of the Offer until 30 September 2025 at 3pm BST (or such earlier date as the respective Offer is fully subscribed or as otherwise approved by the Boards).

For further information please contact:

Shane Elliott on 020 7845 7820

Beringea LLP
Company Secretary
Telephone 020 7845 7820

The MIL Network –

April 23, 2025
MIL-OSI: Gradle, Inc. Joins Scala Center Advisory Board to Improve Scala Developer Experience

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, April 22, 2025 (GLOBE NEWSWIRE) — Gradle, Inc., the company behind Gradle Build Tool—one of the most used build systems in the world—and Develocity®, the leading developer toolchain observability platform, today announced it has joined the Scala Center Advisory Board. As a member, Gradle will be an active participant in discussions about improving the Scala ecosystem including how to best equip Scala developers with the right tools to enhance their experience and productivity.

Scala is among the top 20 programming languages in the world and is used among hundreds of leading technology companies for major back-end systems across industries such as data science, machine learning, financial services and more. The language has a sophisticated type system and advanced features along with greater compile-time safety guarantees which can contribute to longer build times. The most popular build system used to build Scala applications—called sbt—would also benefit from more advanced observability and actionable build insights for developers. Regardless of these challenges, the Scala ecosystem has continued to grow steadily together with the increasing need for enterprise productivity solutions for development teams. Gradle’s decision to join the Scala Center Advisory Board is a testament to its commitment to change this and address critical pain points within the Scala community.

“Multi-build system support is core to our mission and vision. We imagine a world where tools and strategies that improve the developer experience are available for all software development ecosystems, no matter the build system or framework,” said Hans Dockter, Gradle, Inc. co-founder and CEO. “Scala developers deserve to experience the same level of productivity support as the rest of the JVM ecosystem. By joining the Scala Center Advisory Board, we will be able to help assess critical pain points and bring more tools and solutions to this community.”

Gradle’s support for the Scala community began in 2023 when the company acquired Triplequote, a Swiss-based software development technology provider, which allowed the company to gain expertise in Scala productivity tooling. Since then, Gradle announced Develocity support for the sbt build system, bringing the benefits of its developer productivity platform to the Scala and sbt user communities.

“We’re thrilled to have the opportunity to collaborate with Gradle on improving the Scala developer experience,” said Professor Martin Odersky, creator of the Scala programming language and member of Gradle’s Technical Advisory Board. “We value their shared commitment to bringing advanced productivity tooling like Develocity to the Scala community to enhance the daily lives of developers and drive innovation.”

As the leading technology-enablement platform for the practice of Developer Productivity Engineering (DPE), Develocity improves developer productivity by removing critical software development process bottlenecks like slow builds, inefficient troubleshooting, flaky tests, and a general lack of build and test process observability. Scala and sbt users can leverage Develocity’s core features to speed up feedback cycles and measure key performance metrics. For example, Build Scan® provides Scala developers with observability into each build and test cycle above console logs and Jenkins CI reports for the first time. Additionally, Build Cache for sbt has proven to accelerate Scala builds by up to 70%.

In addition to sbt, Develocity supports Apache Maven, Android, Bazel, npm, Python, and Gradle Build Tool. For more information on Develocity for sbt, visit the Gradle website.

About Gradle
Gradle, Inc. is the award-winning developer productivity company behind Gradle Build Tool—one of the most used build systems in the world—and Develocity®, the leading developer toolchain observability platform. Develocity provides comprehensive observability, build and test acceleration technologies, and rapid troubleshooting features for Apache Maven, Android, Bazel, sbt, npm, Python, and Gradle Build Tool. Top companies like Netflix, LinkedIn, ASML, Airbnb, Microsoft, Nasdaq, and SAP use Develocity to deliver critical software faster at scale.

Contact
LaunchSquad for Gradle, gradle@launchsquad.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f1fc211-ab66-4213-917d-c0eb5dc859cf

The MIL Network –

April 23, 2025
MIL-OSI: Creatd, Inc. to Acquire Air Charter Advisors in $3-$6 Million Stock Deal, Further Strengthening Its Aviation Portfolio Following the $8.3 Million Flyte Acquisition
Source: GlobeNewswire (MIL-OSI)
- Strategic Integration: Air Charter Advisors expands Flyte’s global reach while advancing revenues within its AI-enabled aviation platform
- Deal Terms: Valued between $3–6 million; expected to close within 60 days
NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) — Creatd, Inc. (OTC: CRTD), a diversified holding company scaling growth through strategic acquisitions, has signed a Letter of Intent (“LOI”) to acquire Air Charter Advisors, Inc., a boutique private aviation firm based in Blue Bell, Pennsylvania. The transaction follows Creatd’s recent $8.3 million acquisition of Flyte (formerly Flewber Global, Inc.) and further solidifies its position as a leading consolidator of aviation assets. The deal will be executed through Flyte, Inc., a wholly owned subsidiary of Creatd, and is expected to close following the completion of due diligence and definitive agreements.

Establishing the AI Infrastructure for the Future of Private Aviation

Flyte offers regional, domestic and international private air travel through its Flyte Luxe and Hops products. Through this acquisition, Flyte will expand its customer base and diversify its service offerings, while maintaining Air Charter Advisors as an independent operating entity within Creatd’s broader aviation network.

Air Charter Advisors brings a complementary portfolio of services—including global jet charter, non-emergency air ambulance flights, and cargo charter services—along with longstanding relationships across corporate, government, and high-net-worth clientele. As part of the Flyte platform, Air Charter Advisors will gain access to Flyte’s shared services infrastructure, including finance, compliance, IT, performance marketing, booking technology, and AI-powered optimization tools designed to drive efficiency and scale across operations.

“Air Charter Advisors is a strong cultural and strategic fit for Flyte,” said Marc Sellouk, CEO of Flyte. “This is exactly the kind of integration Flyte was built for—we’re not here to compete with great operators, we’re here to empower them. By combining our AI-driven infrastructure with trusted teams like Adam’s, we’re building a shared services platform that relieves operators of operational burdens and creates something the private aviation market has never had: scale, efficiency, and service—together.”

“We’ve built Air Charter Advisors on a reputation for trust, reliability, and exceptional service,” said Adam Steiger, President of Air Charter Advisors. “Coming under the umbrella of Flyte and Creatd gives us access to world-class marketing and cutting-edge technology that supercharges our ability to scale. This collaboration empowers us to innovate faster, deliver an even better client experience, and help shape the future of private aviation.”

The LOI includes a 30-day exclusivity period and contemplates a transaction valued between $3-$6 million, subject to due diligence and customary closing conditions.

Accelerating Sector-Wide Integration

The deal is part of Creatd’s broader strategy to bring together aviation companies with complementary capabilities and shared values. With Flyte as the anchor brand, the goal is to create a comprehensive aviation network powered by centralized infrastructure—spanning sales, booking, finance, regulatory, and technology services. This approach enables founder-led companies to thrive in a competitive landscape while reducing operational inefficiencies.

About Air Charter Advisors, Inc.
Air Charter Advisors is a global aviation firm specializing in private jet charter, aircraft management, and consulting. Based in Pennsylvania, the company has earned a loyal client base through its commitment to safety, discretion, and premium service.

About Flyte, Inc.
Flyte is a tech-forward aviation platform offering both regional and international private flight services. A subsidiary of Creatd, Inc., Flyte is pioneering a shared services model that supports high-growth operators with the infrastructure they need to scale.

About Creatd, Inc.
Creatd, Inc. (OTC: CRTD) is a publicly traded investment firm acquiring and growing founder-led companies in aviation, media, and advisory services. Through its shared services model, Creatd enables its portfolio companies to scale efficiently, improve margins, and expand market reach.

For investor relations, contact ir@creatd.com

Forward Looking Statements: This statement includes forward-looking statements, which are based on current expectations, beliefs, and assumptions about future events and are subject to uncertainties and risks that could cause actual results to differ materially. These statements often contain terms like “expected,” “anticipated,” and “estimated.” Factors influencing future outcomes are unpredictable and may emerge over time. We do not commit to updating any forward-looking statement post its publication date. Our SEC filings provide further details and risk disclosures.

The MIL Network –
April 23, 2025
MIL-OSI: John Snow Labs Unveils New AI-Powered HCC Coding Engine to Enhance Risk Adjustment Accuracy and Revenue Integrity

Source: GlobeNewswire (MIL-OSI)

LEWES, Del., April 22, 2025 (GLOBE NEWSWIRE) — John Snow Labs, the AI for healthcare company, today announced its new end-to-end Hierarchical Condition Category (HCC) coding engine designed to help healthcare providers and payers improve risk adjustment accuracy and revenue integrity. This was introduced at the company’s annual Healthcare NLP Summit in a session titled, “Transforming HCC Coding with Healthcare-Specific Language Models.”

Accurate HCC coding is critical for patient risk adjustment, as it directly impacts reimbursement models and financial sustainability in value-based care. However, studies indicate that as many as half of all patients may have prior conditions, complications, or severity indicators documented in clinical notes but not reflected in claims or electronic health records (EHRs).

The new end-to-end solution automates the discovery of missed clinical codes that are evidenced in unstructured clinical notes, but not properly coded. The solution includes a human-in-the-loop validation as well as a full audit trail. The ability to fine-tune the model to a local patient population results in higher accuracy compared to off-the-shelf models and services.

Powered by state‑of‑the‑art, healthcare‑specific language models from John Snow Labs, healthcare organizations can bring AI‑powered HCC coding in‑house, empowering clinical teams with greater control, scalability, and cost efficiency. Additionally, integrating the engine into existing coding workflows can reduce dependency on outsourced services, which can significantly reduce costs and maintain better quality control.

These enhancements come at a critical time. Earlier this month, the Centers for Medicare & Medicaid Services (CMS) released its 2026 Medicare Advantage (MA) Rate Announcement, projecting a 5.06% average increase in payments to MA plans, signifying the largest rate hike in a decade. With the additional funding comes an expectation for plans to deliver more accurate risk scores, improve coding integrity, and prove that the MA model can deliver better value. John Snow Labs can help organizations do this in a way that meets the specific demands of the healthcare industry.

“Our new HCC coding engine was developed to address the challenges of today’s healthcare industry—creating a more accurate and consistent revenue cycle at a lower cost,” said David Talby, CEO, John Snow Labs. “By leveraging the latest healthcare-specific AI models and human-in-the-loop workflows to improve them, both payers and providers can run HCC coding in-house at lower cost, with higher accuracy, and tighter control compared to outsourced or black-box services.”

To learn more about John Snow Labs’ AI-powered HCC coding solution, visit https://www.johnsnowlabs.com/.

About John Snow Labs
John Snow Labs, the AI for healthcare company, provides state-of-the-art software, models, and data to help healthcare and life science organizations put AI to good use. Developer of Medical LLMs, Healthcare NLP, Spark NLP, the Generative AI Lab No-Code Platform, and the Medical Chatbot, John Snow Labs’ award-winning medical AI software powers the world’s leading pharmaceuticals, academic medical centers, and health technology companies. Creator and host of The NLP Summit, the company is committed to further educating and advancing the global AI community.

Contact
Gina Devine
Head of Communications
John Snow Labs
gina@johnsnowlabs.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/490e7235-dc9a-4b8d-8daf-a73854c095e4

The MIL Network –

April 23, 2025
MIL-OSI: SEMCAP Launches SEMCAP AI to Capitalize on the Transformative Power of Artificial Intelligence
Source: GlobeNewswire (MIL-OSI)

PHILADELPHIA, April 22, 2025 (GLOBE NEWSWIRE) — SEMCAP announces its new AI investment strategy, SEMCAP AI, to capitalize on the burgeoning Artificial Intelligence revolution that is fundamentally changing the way businesses operate, while tapping its decades of strong technology investment acumen. The investor announces this new vertical investment strategy alongside its other platforms focused on Food & Nutrition and Healthcare. Notably, SEMCAP AI will absorb the firm’s legacy Education strategy, and Education will be one area of focus for SEMCAP AI.

SEMCAP AI targets influential investment stakes in high-growth, next generation AI platforms, with the majority of deals expected to be growth equity stage. This focus will include AI business applications, vertical solutions, and AI infrastructure solutions disrupting how businesses operate, increasing sales, boosting productivity and transforming entire markets.

“As a team, we’ve been fortunate to be part of early tech-driven transformations and are very excited to tap into our tech roots and embrace the power of AI as the next major wave of disruption,” said Walter “Buck” Buckley, SEMCAP co-founder and co-CIO. “Having been around this block a few times, we understand the value of coupling transformative technologies with strong operating expertise to drive outsized growth. We firmly believe that AI has the potential be the greatest wave yet—and the biggest force of change we will witness in our lifetime.”

Drawing on the team’s decades of experience investing in and leading technology businesses, SEMCAP AI takes influential positions in high growth businesses that have established product-market fit, demonstrated strong ROI for customers, have the potential to be market leaders, and the profound ability to transform entire industries. SEMCAP AI drives strong alignment with management and leverages active post-investment value creation and governance in seeking to maximize and accelerate the performance of its portfolio companies.

SEMCAP AI Investment Team

SEMCAP AI’s investment team is led by SEMCAP co-founders and co-CIOs, Buckley and Cyrus Vandrevala, as well as Managing Partner, Vince Menichelli, Managing Directors John Loftus, Erik Rasmussen and Abraham Kromah and Operating Partner, Bader Al-Rezaihan. Together members of this team have decades of shared experience building and investing in technology business while officers at Safeguard Scientifics, ICG and later Actua Corporation. SEMCAP AI has offices across the globe including in Wayne, Pennsylvania, Kuwait and Vancouver. In order to more fully capitalize on the enormous opportunity within AI, SEMCAP AI has partnered with Wayve Capital to offer public investment opportunities, in addition to their core offering of private investment strategies. The partnership also enables the teams to opportunistically source proprietary deals in the AI space through their vast respective networks.

SEMCAP AI Strategic Operating Advisors

The investor has also assembled a diverse, influential and well-connected team of Strategic Operating Advisors to assist in the sourcing and vetting of potential investment opportunities, while also working closely with portfolio companies to create value and lasting impact, post-investment. This includes providing targeted strategic support, strengthening management teams, expanding customer pipelines and providing access to the industry’s key decision makers. SEMCAP AI’s Strategic Operating Advisors hail from disparate but significant industries, ripe for transformation, and represent sectors where we expect accelerated transformation driven by artificial intelligence. SEMCAP AI’s advisors include:
- Sylvia Acevedo is an engineer, advocate for girls’ STEM education, and a lifelong Girl Scout. She worked in leadership positions at a number of technology companies, such as Apple, Dell, and IBM, and served as head of the Girl Scouts of the United States of America. In 1983 she became one of the first Hispanic students—male or female—to earn a graduate degree in engineering from Stanford University. Acevedo was named the 2018 Cybersecurity Person on the Year. She was also named a 2019 Notable Woman in Tech by Crain’s magazine and one of the 100 Most Influential Latinas by Latino Leaders magazine in 2020.
- Samantha Bradely serves as managing director of RealmSpark, a business unit of ASU Enterprise Partners that facilitates the capital investments necessary to fuel ASU’s modalities of learning. She brings years of experience in private equity, including with firms managing billions of dollars in assets, such as Truvvo Partners and Baron Capital.
- Harry Keiley currently serves as chairman of the California State Teachers’ Retirement System (CalSTRS) Investment Committee, the largest educator-only pension fund in the world, with more than $300 Billion in assets under management. His previous positions include Chaiman of the Board of CalSTRS and multiple terms as President of the Santa Monica Classroom Teachers Association.
SEMCAP AI’s Investment in Arcana Labs

In conjunction with the launch of this new vertical investment strategy, SEMCAP AI recently announced that it led a $5.5 million investment round in Arcana Labs, a leading generative AI creative studio transforming the film and production industry. Arcana is revolutionizing key steps in the filmmaking process with its all-in-one generative AI tools, which were purpose-built for the film industry’s unique creative needs from pre-production to post-production. Buckley will join the Acana Board of Directors and Menichelli will serve as a Board observer.

“From our first meeting with Buck and the SEMCAP team, we knew we had found partners who truly understood our vision for revolutionizing the creative industry with AI,” said Jonathan Yunger, co-founder and CEO of Arcana Labs. “Their deep expertise and strategic networks across multiple verticals, combined with their genuine enthusiasm for empowering artists through technology, makes them the ideal partner for Arcana’s next phase of growth. In a time when AI’s potential seems limitless, SEMCAP shares our commitment to putting Arcana’s powerful tools in the hands of artists while preserving the unmatched power of human creativity. SEMCAP’s partnership and guidance will help us accelerate our mission of making artist-driven AI accessible to creators and professionals everywhere.”

“We are thrilled to officially launch SEMCAP AI and announce our investment in Arcana, which exemplifies the type of company that SEMCAP AI will seek to invest in moving forward. Arcana is delivering significant ROI to its customers and unequivocally transforming the film and production industry. Beyond that we believe it has the power to also completely upend multiple other markets like advertising, branding, interior design, and gaming,” said Buckley. “Additionally, I have been fortunate enough to witness firsthand how Arcana’s platform is revolutionizing the nearly $300 Billion global film industry through my work on a docuseries about George Washington. Using their platform, we were able to reduce our production time and costs by almost 90%, while producing a historically accurate and realistic end-product. We look forward to collaborating with Jonathan and the Arcana team to support and accelerate their growth and help transform the industry.”

About SEMCAP

SEMCAP AI invests in high-growth, next-generation AI companies that are disrupting how businesses operate, boosting productivity and transforming markets. Led by a highly skilled investment team with deep operating and investing experience in technology and AI, the team provides unique deal insight and support for strategic partnering and enhanced growth. SEMCAP AI is one of SEMCAP’s three platforms – AI, food & nutrition and health. SEMCAP is a growth equity platform committed to investing across sectors that have the greatest impact on society.

About Arcana

Arcana Labs is an artist-driven AI company that empowers creators with model agnostic AI-powered creative tools. Founded by a braintrust of tech nerds and Hollywood blockbuster filmmakers, Arcana Labs is revolutionizing the AI art space by marrying traditional creative processes with the magic of AI, empowering Artist-driven AI, rather than AI-driven art. The company’s flagship product, Arcana AI, gives artists an all-in-one, “AI production company in a box,” with sleek, easy-to-use tools that assist artists rather than replace them. https://www.arcanalabs.ai/

This release is provided for informational purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. This material may contain estimates and forward-looking statements, which may include forecasts and do not represent a guarantee of future performance. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. The views expressed are as of April 22, 2025, and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves significant risks.

©2025 Seminal Capital Holdings, LLC. All rights reserved. SEMCAP is a trademark of Seminal Capital Holdings, LLC.

Media contact:
Michelle Musburger
michelle@musburger.com
773.230.0629

The MIL Network –
April 23, 2025
MIL-OSI: SUNation Energy Signs Letters of Intent with Energy Systems Group to Construct 2.35 MWDC of Solar Projects at Two Prominent School Districts on Long Island, NY
Source: GlobeNewswire (MIL-OSI)

RONKONKOMA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, has signed separate Letters of Intent (LOI) with Energy Systems Group (ESG), an award-winning energy services company, for the deployment of over 2.35 MWs of solar power at two school districts on Long Island.

Collectively, these installations are designed to deliver 3 megawatt hours (MWHs) of clean solar energy across 10 buildings that would offset a substantial majority of each district’s energy needs.

The projects under LOI are:
- A total of seven (7) schools and facility buildings within a prominent school district on Long Island for a total generation potential of 1.3 MW. The system will be comprised of rooftop solar arrays. Upon completion, this installation would generate approximately 1,687,723 kwh/year which would provide an estimated 75.85% energy offset for the district.
- A total of three (3) buildings within another Long Island-based school district for a total generation potential of 1.057 MW. The system will be comprised of rooftop solar arrays. Upon completion, the installation would generate approximately 1,371,712 kwh/year which would provide an offset of an estimated 87.3% of the district’s energy needs.
“We are convinced that there is a strong institutional demand for commercial-scale solar projects that deliver value,” SUNation Energy CEO Scott Maskin said. “These districts deserve the benefits of solar energy, and we’re happy to deliver. We look forward to working with our partners at ESG and these school districts to advance the approval process and secure a cleaner, greener future for our neighbors in these communities.”

Mr. Maskin concluded, “We are proud to add both of these projects into our significant portfolio of Long Island school districts in the SUNation family.”

The projects contemplated by these Letters of Intent are subject to a variety of factors, including, but not limited to, ongoing discussions between the parties and the signing of definitive agreements.

About SUNation Energy, Inc.
SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

About Energy Systems Group (ESG)
Energy Systems Group (ESG) is a leading provider of performance-driven energy and infrastructure solutions nationwide. We design, build, and guarantee solutions that improve the reliability, efficiency, and lifespan of critical facilities in the education, government, healthcare, commercial, and industrial sectors. With a commitment to delivering reliable and proven solutions, Energy Systems Group takes a comprehensive approach to facility transformation. Visit energysystemsgroup.com to learn more.

Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Safe Harbor Statement
Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including, but not limited to, the risk that SUNation may not be able to enter into definitive agreements to commence these solar installations, and that the projects being contemplated will not generate the expected levels of energy or deliver the anticipated financial benefits. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

Contacts:
Scott Maskin
Chief Executive Officer
+1 (631) 823-7131
smaskin@sunation.com

SUNation Energy Investor Relations
+1 (212) 836-9600
IR@sunation.com

The MIL Network –
April 23, 2025
MIL-OSI: Paytronix Celebrates 10th Client Conference, PX|NXT with Leading Brands in Hospitality Guest Experience
Source: GlobeNewswire (MIL-OSI)

NEWTON, Mass. and NASHVILLE, Tenn., April 22, 2025 (GLOBE NEWSWIRE) — Paytronix, an Access Group company and leader in guest engagement for restaurants and convenience stores, will host their premier guest engagement event next week, as Paytronix clients gather in Nashville for PX|NXT ’25. Hospitality leaders will come together once again to share their experiences and learn from the industry’s visionaries as they jam with Paytronix in Music City, at the Loews Nashville Hotel, from April 29^th to May 1^st.

PX|NXT will feature lively presentations, interactive sessions, and signature social events, focused on building community and educating attendees on innovative guest engagement strategies, from loyalty and online ordering programs to reservation systems, kiosks, and messaging. Over three days, Paytronix will offer an opportunity to learn new revenue generating techniques and master the use of Paytronix’s solutions.

Paytronix was acquired by UK-based The Access Group in October of last year, and PNX|NXT will be an opportunity for attendees to learn how new solutions and integrations from Access will help them take their guest engagement strategies to the next level.

“We’re going even bigger for the 10^th anniversary, bringing our customers together and building connections and deeper industry relationships because we learn the most from each other. PX|NXT has a tremendous lineup of customers and experts speaking and sharing their first-hand experiences,” said Pamela Robertson, CMO at Paytronix. “This year’s sessions will explore how new technologies in mobile, AI and digital engagement are not only taking guest experiences to new levels, but when done right — they’re also driving efficiencies and powering growth.”

PX|NXT Speakers Present Game-Changing Experiences & Strategies
Paytronix assembled a powerful lineup of experts to speak in 2025, with thought-provoking, high-energy sessions centered around upcoming products, theory and case studies around guest engagement strategy. This year’s speaking lineup is full of leaders who have driven loyalty and embraced innovation for some of the industry’s leading brands.

In addition to Paytronix and customer speakers, this year’s keynotesinclude:
- Liz Seelye, CEO and brand wayfinder of StarryEyed Strategy – who has proven why brand purpose matters and how restaurants can leverage it to lead their categories. For 20 years, Liz has helped brands, big and global (Starbucks, Cinnabon, Chick-fil-A, CAVA, FAT Brands), small and local (Legacy Pie Co., Pancho & Lefty’s, The Post) find their North Stars to move their businesses forward fast.
- Gerry O’Brion, author and featured speaker on translating big brand strategies into knowledge that any business can use to win in the marketplace. Gerry shares experiences from leading marketing for top brands with Procter & Gamble, Coors Brewing Company, Quiznos restaurant chain and most recently, Red Robin Gourmet Burgers.
Executives from top restaurant and convenience store brands will share their restaurant tech strategies for guest engagement, loyalty, ordering, mobile and more. Read the full list of featured speakers online, including but not limited to:
- Erin Newkirk, CMO, Caribou Coffee
- Eric Rush, Director of Marketing, Tri Star Energy
- Jeff Lee, Director of IT & Operations, SPIN! Neapolitan Pizza
- Jimmy VanValkenburg, Head of Digital Marketing & Loyalty, PDQ Chicken
- Olga Lopategui, Founder & Principal Consultant, Restaurant Loyalty Specialists
For more information, including FAQs and video highlights from last year’s event, visit https://www.paytronix.com/pxnxt.

About Paytronix
Paytronix, an Access Group company, is a cloud-based digital guest engagement platform for the hospitality industry. Our innovative, unified platform provides loyalty programs, online ordering, gift cards, branded mobile applications, and strategic insights to more than 1,800 leading restaurant and convenience store brands. Our valued clients leverage the power of Paytronix across 50,000 sites globally to create seamless, personalized, and brand-authentic experiences that foster lasting relationships with their customers. For more than 20 years, Paytronix has been a trusted partner helping brands maximize the lifetime value of their guests and grow more profitable businesses. For more information, visit www.paytronix.com.

Media Contact:
Calen McGee
Paytronix Systems, Inc.
Calen.McGee@theaccessgroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a022703b-562f-4eb4-bb2a-d4fe30b8f497

The MIL Network –
April 23, 2025
MIL-OSI: Enlight to Supply Vishay with $105m of Clean Power Over 12 Years

Source: GlobeNewswire (MIL-OSI)

TEL AVIV, Israel, April 22, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced that it has signed an agreement with Vishay Israel Ltd. for the supply of electricity valued at approximately $105m for a period of 12 years, and includes an option to significantly increase consumption volumes over the life of the contract.

Vishay joins other leading entities in Israel that have signed clean electricity supply agreements with Enlight in recent months, including the Weizmann Institute of Science, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream, and Applied Materials.

Enlight, which owns the largest portfolio of renewable energy assets in Israel, is leading the transition of the country’s economy to clean power following the electricity market’s deregulation, which allows large consumers to enter into direct supply agreements with power producers.

The agreement with Enlight will help Vishay, one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, to significantly reduce its electricity costs Israel. In addition, the related reduction in emissions will be equivalent to planting approximately 740,000 new trees per year or removing about 17,000 fuel-powered vehicles from the road each year.

Gilad Peled, CEO of Enlight MENA, commented, “Enlight congratulates Vishay, one of the largest electronic component manufacturers in the world, on its decision to switch its plants in Israel to clean and environmentally friendly energy. This deal follows a series of agreements we have reached with some of the highest-quality companies in Israel. These firms have chosen to lead on environmental responsibility, and are an example to the entire economy. In addition to its environmental benefits, the agreement with Enlight will allow Vishay’s plants in Israel to save millions of dollars on their electricity bills, and serves as another example of how renewable energy increases competition and reduces power costs in Israel.”

Boaz Bazak, Director of IEHS, Vishay Israel, commented, “The agreement marks a significant step in our ongoing commitment to sustainability and energy efficiency. This partnership will provide our manufacturing facilities with clean, reliable energy at lower rates, enhancing our operational efficiency and reducing our environmental impact. It aligns perfectly with our mission to promote sustainability and reduce our carbon footprint. By securing renewable electricity at a discounted price, we can continue to grow while supporting global efforts to combat climate change.”

About Enlight Renewable Energy

Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

About Vishay Intertechnology

Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.

Contacts:

Yonah Weisz
Director IR
investors@enlightenergy.co.il

Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
investors@enlightenergy.co.il

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, the impact of tariffs on the cost of construction and our ability to mitigate such impact, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

The MIL Network –

April 23, 2025
MIL-OSI: Intapp to announce fiscal third quarter 2025 financial results on May 6, 2025

Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Intapp, Inc., (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, will report fiscal third quarter 2025 financial results after the market close on May 6, 2025. On that day, management will host a webcast at 5 p.m. ET to discuss the company’s business and financial results.

Investors and other interested parties can access the webcast as follows:

What: Intapp fiscal third quarter 2025 financial results earnings webcast

When: Tuesday, May 6, 2025

Time: 5 p.m. ET

Live webcast: Investors | Intapp, Inc.

Replay: An archived webcast of the event will be accessible from the “news and events” section of the company’s investor relations website at Investors | Intapp, Inc. The replay will be available for 90 days following the live presentation.

About Intapp

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

Investor contact

David Trone
Senior Vice President, Investor Relations
Intapp, Inc.
ir@intapp.com

Media contact

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

The MIL Network –

April 23, 2025
MIL-OSI: WSO2 Launches Ambassador Program to Empower Tech Advocates
Source: GlobeNewswire (MIL-OSI)

Colombo, Sri Lanka, April 22, 2025 (GLOBE NEWSWIRE) — WSO2, the leader in enterprise digital infrastructure technology, today announced the launch of the WSO2 Ambassador Program, a global initiative that celebrates and supports the most passionate voices in its tech community, including developers and architects. This program is designed to recognize individuals who actively share knowledge, inspire innovation, and contribute to the growth of the open-source ecosystem powered by WSO2 technologies.

At the heart of the digital era are developers and architects—the problem-solvers and builders of the digital experiences we use every day. WSO2 recognizes that its success is deeply tied to the passion and ingenuity of its developer community. Developers are not only consumers of WSO2’s open-source platforms for API management, integration, identity and access management and WSO2’s internal developer platform, Choreo; they are also co-creators, pushing the boundaries of what’s possible, improving the products through feedback, and building impactful solutions that serve millions. Architects, on the other hand, play a critical role in shaping the bigger picture—designing scalable, secure, and future-ready digital architectures that bring developer innovations to life.

“Developers are the driving force behind innovation,” said Isabelle Mauny, Chief Developer Advocate at WSO2. “They are not merely users of our products—they are instrumental in shaping them. Architects help ensure that solutions built on WSO2’s platforms are robust, cohesive, and aligned with long-term business goals. The WSO2 Ambassador Program is our way of acknowledging their contributions and supporting their continued growth. Whether through leading community meetups, publishing technical tutorials, or contributing to our codebase, our ambassadors play a vital role in empowering others to succeed with WSO2.”

WSO2’s commitment to open source goes beyond code—it’s about people. The Ambassador Program is a natural extension of that commitment. By offering mentorship, visibility, and support, WSO2 aims to empower developers to become leaders in their communities and advance their personal and professional growth.

What Ambassadors can expect:
- Skill-building opportunities in community leadership, developer advocacy, and public speaking
- Sponsorship for local events, meetups, and conferences to grow regional communities
- Visibility and recognition through WSO2’s digital channels and media
- Access to exclusive WSO2 events, tools, and swag
- Direct collaboration with WSO2 teams, providing feedback and influence on product direction
The program is open to developers, architects, and technical leaders with experience using WSO2 technology and a passion for empowering others through content, events, and code. Ambassadors can contribute at their own pace, with flexible engagement levels.

“Being a WSO2 Ambassador is not about holding a title—it is about making a meaningful impact,” Mauny explained. “It recognizes those developers who dedicate their time to writing tutorials, answering questions in forums, and mentoring the next generation of technologists. Our goal is to support their efforts, elevate their contributions, and connect them with a global community of peers and innovators.”

Visit the WSO2 Ambassadors Page to learn more about the program, meet our 2025 ambassadors, and find out how you can get involved.

About WSO2
Founded in 2005, WSO2 is the largest independent software vendor providing open-source API management, integration, and identity and access management (IAM) to thousands of enterprises in over 90 countries. WSO2’s products and platforms—including our next-gen internal developer platform, Choreo—empower organizations to leverage the full potential of artificial intelligence and APIs for securely delivering the next generation of AI-enabled digital services and applications. Our open-source, AI-driven, API-first approach frees developers and architects from vendor lock-in and enables rapid digital product creation. Recognized as leaders by industry analysts, WSO2 has more than 800 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US, with over USD100M in annual recurring revenue. Visit https://wso2.com to learn more. Follow WSO2 on LinkedIn and X (Twitter).

Trademarks and registered trademarks are the properties of their respective owners.

The MIL Network –
April 23, 2025
MIL-OSI: Cangrade Launches Generative AI-Powered Soft and Hard Skills Assessments, Expanding Accessibility to HR Teams
Source: GlobeNewswire (MIL-OSI)

WATERTOWN, Mass., April 22, 2025 (GLOBE NEWSWIRE) — Cangrade today announced the launch of generative AI-powered soft and hard skills assessments. Created instantly from a simple job description, HR teams can now access quick, customized, high-quality and high-validity assessments without the need for expert input or extensive talent data. Any organization that hires can benefit from Cangrade’s solution as a cost-effective, easy-to-implement tool to streamline intelligent talent decisions.

Research shows that around 65% of job candidates use AI at some point in the application process, from resume and cover letter writing to interview practice and creating work samples. In response to a greater volume of applicants and potential skills’ inflation, HR teams must adapt their processes to properly vet AI-enabled candidates. Cangrade is using AI to fight AI with its science-backed, bias-free assessments.

More specifically, Cangrade’s new soft skills assessments leverage generative AI to instantly create an assessment by simply inputting a job description and streamlining the process without compromising accuracy or fairness. This enables teams that need to generate an immediate assessment or that lack talent data to bypass traditional, machine-learning-based processes of analyzing existing performance and leveraging internal expertise.

Adding to an existing library of hard skills assessments in 30+ languages, HR teams can now instantly generate AI-powered custom hard skills assessments tailored to their exact hiring needs. Users simply select the skill they want to assess, difficulty level, assessment length, and any additional instructions, and the AI will create an assessment that is immediately validated for accuracy.

Key benefits for HR teams include:
- Increased accessibility: Organizations of all sizes and all budgets can now easily create high-quality assessments without relying on internal experts or talent data.
- Rapid implementation: Generate assessments instantly—no benchmarking or lengthy expert consultations necessary.
- Immediate time-to-launch: Shortening the assessment creation process enables HR teams to implement effective hiring solutions on-demand.
- Customization without compromise: Tailored to each organization’s unique requirements, assessments maintain Cangrade’s standards of evaluation.
“As HR teams navigate uncertain workforce trends and the rise of AI-enabled candidates, we’re using generative AI to make our assessments more affordable, scalable, and efficient,” said Gershon Goren, founder and CEO, Cangrade. “Whether you’re operating a two-person startup or a Fortune 500 company, Cangrade makes it simple to make data-driven hiring decisions with confidence.”

For more information about Cangrade’s AI-powered, bias-free hiring and talent management solutions, visit www.cangrade.com.

About Cangrade
For HR leaders, Cangrade is the bias-free, AI-powered talent intelligence platform. By integrating data into talent acquisition and management processes, Cangrade enables businesses to make strategic and efficient decisions from initial screening through the entire employee lifecycle. Delivering 10x more accurate predictions of talent success and retention than traditional methods, the company’s Pre-Hire Assessment has helped organizations like Wayfair, FDNY, Lamar Advertising, and Applied Industrial Technologies make the right hiring decisions for over 10 million candidates and counting. For more information, visit www.cangrade.com.

Media Contact:
Gina Devine
Public Relations
press@cangrade.com

The MIL Network –
April 23, 2025
MIL-OSI: OneShot.ai Launches Execution OS: The antidote to digital workers. A GTM platform built on the best of AI + human firepower

Source: GlobeNewswire (MIL-OSI)

San Francisco, April 22, 2025 (GLOBE NEWSWIRE) — Over the past 18 months, companies rushed to deploy “AI digital workers” to replace headcount. The promise? Faster growth, fewer hires. The reality? Underwhelming performance, churn, and flatlining pipelines. Today, OneShot.ai announced the public release of its Execution OS—a GTM (go-to-market) operating system that blends multi-agent AI, on-demand GTM specialists, and a real-time Analysis Engine to execute go-to-market strategy with zero internal lift.

“Companies didn’t just want automation—they were promised they could replace humans,” said Gautam Rishi, CEO and co-founder of OneShot.ai.“But the results never came. We built a platform where AI and humans work in sync to actually execute and deliver results.”

Execution OS turns any go-to-market task outbound, content, social, SEO, events, into a managed workflow. Its AI scopes the task and orchestrates agent workflows and human experts (SDRs, copywriters, designers, analysts) are deployed to complete the last mile.

OneShot.ai founders: Peda Pola and Gautam Rishi.

Execution OS is designed to create revenue from raw data and is built around two key engines: The Analysis Engine ingests a company’s CRM, sales calls, meeting transcripts, campaigns, and customer interactions to detect what’s working and why, across messaging, personas, and channels. And the Execution Engine uses those insights to drive action: it scopes the work, spins up multi-agent workflows, recruits on-demand human experts, and executes GTM campaigns end-to-end.

“Most AI agents today are static workflows. But true execution needs a feedback loop,” said Peda Venki Pola, Co-founder and CTO. “That’s what makes Execution OS different. Our platform learns from customer data and GTM activity, and dynamically drives outbound strategy, hiring, and human enablement. It’s not just automation—it’s orchestration.”

It’s already demonstrating its impact for a range of businesses. In one case, after transcribing hundreds of sales calls, OneShot.ai identified a highly resonant message with a specific persona. It sourced new leads with that persona—not in CRM—and enabled human operators to launch real-time outbound within minutes. Similarly, OneShot.ai noticed a spike in demo bookings from California-based financial firms. The Analysis Engine uncovered a recent regulation change, and the Execution Engine immediately targeted 100+ companies impacted, launching campaigns across email, ads, and cold calls in minutes.

OneShot.ai customer Eli Burstein, President at Capstone said: “We’ve worked with OneShot.ai for a while, but the new Execution OS changed the game. Since bringing human specialists into the loop, our pipeline has exploded across multiple GTM channels.” Another user Karl May, Founder and CEO at Join Digital said: “We tried hiring SDRs and agencies—nothing stuck. OneShot.ai changed that. Within weeks, we were landing meetings with the world’s largest enterprises. The scale and consistency are unmatched.”

OneShot.ai dashboard.

OneShot.ai was founded by GTM and AI veterans who understood that AI alone wouldn’t scale go-to-market execution. As LLMs rapidly advanced, one truth became clear: no one really knew which tasks should be handled by AI, and which still required human judgment. That line is constantly shifting, and most teams are guessing. The OneShot team built a new system of work to solve this: one where AI scopes the task, decides who (or what) should do it, and then orchestrates execution with precision.

Since launching Execution OS in December, OneShot has added over $250K in new ARR every month and customers are expanding use cases within weeks. “AI gets you 70% of the way there,” said Gautam Rishi, CEO and Co-founder. “Execution OS gets you all the way—by combining AI with the right humans at the right time.”

The OneShot.ai founders are GTM and AI experts. Gautam Rishi, is GTM leader with over two decades experience in enterprise SaaS (ex-Akamai, CloudBees, 1E), known for scaling sales teams globally and delivering multiple exits. While Peda Pola, a former senior engineering leader having spent a decade at Salesforce, with deep expertise in generative AI, multi-agent orchestration, and large-scale enterprise platform development.

Looking ahead, OneShot.ai is positioning itself as the execution layer for modern B2B companies, starting with GTM and expanding into every operational domain. The platform not only executes—it learns what needs to be done, who should do it, and whether the company has the capacity. If not, it autonomously recruits and enables the right human experts, zero touch.

As AI evolves, OneShot.ai will scale from top-of-funnel activities like outbound and content into deal acceleration, forecasting, CS, RevOps, and more—redefining execution across the enterprise.

Ends

Media images can be found here.

About OneShot.ai
OneShot.ai is the Execution OS for go-to-market teams. It blends multi-agent AI with on-demand human specialists to plan, execute, and scale outbound, content, SEO, social, and more—without hiring internally or using agencies. Founded by senior GTM and product engineering leaders from Akamai, CloudBees, and Salesforce – OneShot.ai powers the next generation of operationally efficient, high-growth companies.

The MIL Network –

April 23, 2025
MIL-OSI: TD SYNNEX and Trifork Partner to Deliver Scalable AI and Digital Transformation Solutions
Source: GlobeNewswire (MIL-OSI)

Press release

TD SYNNEX and Trifork Partner to Deliver Scalable AI and Digital Transformation Solutions

April 22^nd, 2025 – Austin, Texas – Trifork today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. Through this partnership, Trifork will deliver advanced digital solutions to TD SYNNEX’s new and existing customers, helping them accelerate digital transformation and drive measurable business outcomes.

“Partnering with TD SYNNEX enables us to reach a broader audience of enterprise customers who are ready to embrace modern, AI-driven software solutions,” says Karan Yadav, CEO at Trifork US. “TD SYNNEX is a trusted partner in the channel, and we’re excited to work together to help organizations transform the way they build and scale digital experiences.”

“TD SYNNEX is committed to uniting IT solutions that deliver business outcomes today and unlock growth for the future,” said Cheryl Day, SVP, New Vendor Acquisition and Global Solutions. “Trifork brings their high-impact software solutions to our vast portfolio of vendor partners, and through our partnership, we’re able to enrich the breadth and depth of our enterprise offerings so our customers can do great things with technology.”

Trifork offers expertise in AI, scaled platforms, spatial computing, and user-centric applications – serving industries such as manufacturing, energy, healthcare, finance, education, and public services. Their modular, scalable approach allows organizations to integrate innovation quickly and efficiently while maintaining a secure and user-centric architecture.

TD SYNNEX customers can now access Trifork’s solutions through the TD SYNNEX ecosystem, with support from dedicated teams to ensure a seamless onboarding experience. To learn more about Trifork’s offering, visit https://us.trifork.com/products/vision-ai/.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Facebook and Instagram.

Copyright 2025 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

About Trifork

Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

Media contact: Frederik Svanholm, frsv@trifork.com , +41 79 357 73 17

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The MIL Network –
April 23, 2025
MIL-OSI: Molly Gallaher Boddy of Rightworks honored among CPA Practice Advisor’s “20 Under 40” Accounting Influencers

Source: GlobeNewswire (MIL-OSI)

NASHUA, N.H., April 22, 2025 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud service provider of solutions purpose-built for accounting firms and professionals, is proud to announce Molly Gallaher Boddy, Director of Product Marketing, has been named among CPA Practice Advisor’s 2024 “20 Under 40” Accounting Influencers. This prestigious recognition highlights exceptional young professionals who are helping advance the accounting profession.

Now in its eighth year, the “20 Under 40” awards program honors professionals pioneering advancements in technology and enhancing firm processes that enable practitioners to be more productive, efficient and profitable, as they build practices that will endure and thrive.

“We are fortunate to be surrounded by so many young professionals who are sharing their ideas, skills, and enthusiasm with the goal of making the accounting profession a better place,” said CPA Practice Advisor Editor-in-Chief Gail Perry. “Change is occurring rapidly in our profession and this year’s award winners are embracing and driving the changes.”

Gallaher Boddy, who joined Rightworks in 2022, works with accounting firms to uncover pain points and identify solutions based on their unique needs. She has led initiatives for Written Information Security Plans (WISP) and security awareness, helping firms meet mandatory IRS and FTC standards. In the last year, Gallaher Boddy focused on leveraging her extensive experience in cloud consulting to assist firms in achieving optimal cloud adoption, focusing on critical touchpoints such as security, change management and cultural transition.

“I’m honored to be recognized as one of CPA Practice Advisor’s ‘20 Under 40’ Accounting Influencers alongside many inspiring and dedicated colleagues,” said Gallaher Boddy. “I look forward to helping firms embrace the rapid changes in the accounting profession so they can elevate their practices and face the challenges of tomorrow.”

For more information and to read the full list of honorees, click here.

Connect with Rightworks
Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook and Instagram.

About Rightworks
Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud environment purpose-built for the accounting and tax profession, and Rightworks Academy, the premier community for firm optimization, growth and professional development. The Academy offers access to thought leadership, events, peer communities and extensive learning resources. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook and Instagram.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c4b1adb-0e59-422f-8b45-75971e107097

The MIL Network –

April 23, 2025
MIL-OSI: Docker Extends AI Momentum with MCP Tools Built for Developers

Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Docker, Inc.®, a leading provider of cloud-native application development tools, content, and services for developers, today announced a major expansion of its AI initiative with the upcoming Docker MCP Catalog and Docker MCP Toolkit. Built around the emerging Model Context Protocol (MCP), these new offerings bring Docker’s signature developer experience to the rapidly evolving AI ecosystem.

The Docker MCP Catalog, integrated into Docker Hub, provides developers a centralized way to discover verified and curated MCP tools. The Docker MCP Toolkit enables developers to run, authenticate, and manage MCP tools with the simplicity, security, and usability they expect from Docker. Paired with new enterprise-ready tooling, the initiative helps developers put AI to work without reinventing their workflow.

“Building functional AI applications shouldn’t feel radically different from building any other app,” said Docker President and COO Mark Cavage. “Developers want to integrate AI into their existing workflows–build locally, test, and ship to production with confidence. With agentic tools starting to behave like full-fledged software systems, the old challenges of packaging, versioning, and authentication come back fast. The Docker MCP Catalog brings that all together in one place, a trusted, developer-friendly experience within Docker Hub, where tools are verified, secure, and easy to run.”

Partnering with Industry Leaders to Simplify MCP Development
Docker is partnering with some of the most trusted names in cloud, developer tooling, and AI — including Elastic, Heroku at Salesforce, New Relic, Stripe and many more — to shape a secure, developer-first ecosystem for MCP tools. From Docker Desktop to leading MCP clients like Docker AI Agent, Claude, continue.dev, Cursor, Goose, VS Code, and Windsurf, integrating powerful and capable AI agents into real workflows is about to get a whole lot easier.

Developers can discover and run 100+ MCP servers directly from the Docker Desktop extension. These servers will also be hosted on Docker Hub, complete with verified instructions for running them with any MCP client. It’s all part of our mission to make building with AI as simple, secure, and familiar as any other app workflow.

With a growing ecosystem of trusted, verified MCP servers and clients, Docker is delivering the security, consistency, and scalability enterprises need to confidently use AI-powered tools.

“Docker’s new MCP Catalog is a meaningful step forward in secure software delivery,” said Paul Nashawaty, Practice Lead and Principal Analyst at theCUBE Research. “With features like Registry Access Management and built-in secret management, Docker is addressing the growing enterprise demand for supply chain security. That demand is expected to reach 70 percent adoption by 2026, up from just 10 percent in 2022. At the same time, its AI tooling, including Docker Model Runner and Docker AI Agent, simplifies how developers build and run models locally. This is critical in a market where global AI software spend is projected to exceed 300 billion dollars by 2026. Docker is positioning itself at the intersection of containerization and AI, where speed, consistency, and security are essential.”

Enterprise-Ready and Built on the Trust of Docker Hub

Docker MCP Catalog is built on the scale and reliability of Docker Hub, the world’s largest container registry with over 14 million images and millions of developers. Future releases will enable teams to publish and manage their own MCP servers with full enterprise controls, including Registry Access Management (RAM) and Image Access Management (IAM), plus seamless secret storage integrated into Docker Desktop.

Today’s announcement builds on a wave of recent momentum in Docker’s AI strategy, including the beta launch of Docker AI Agent, a context-aware assistant integrated into Docker Desktop and CLI, and Docker Model Runner, a fast, secure way to run AI models locally with the same simplicity as running a container. Together, these tools are making it easier for developers to build, test, and deploy AI-powered applications—without friction or complexity. The Docker MCP Catalog makes it easy to discover and trust MCP tools — join here to help shape how the world builds with AI and MCPs.

The Industry Rallies to Build a Simpler AI Future for Developers

Nate Sesti, Co-Founder and Chief Technology Officer, continue.dev
At Continue, we understand the frustration of spending more time tinkering with AI systems than actually coding. Docker’s MCP Catalog works seamlessly with our curated server blocks on hub.continue.dev by handling the technical complexity—from authentication to configuration—so you can focus on what matters: building assistants that fit your workflow perfectly. This gives developers the power to create AI-native tools that amplify capabilities without sacrificing control.

Shay Banon, Founder and Chief Technology Officer, Elastic
“MCP is a significant innovation for agent builders. By bringing the Elasticsearch MCP server to the Docker MCP Catalog, we’re enabling more teams to leverage Elasticsearch for AI agents with secure, scalable vector database and hybrid search capabilities.”

Chris Marchbanks, Principal Software Engineer, Grafana Labs
“By partnering with Docker, we’re making it easy to discover and run 20+ tools within the Grafana MCP server in secure, containerized environments. This gives MCP clients and AI agents instant, programmatic access to observability data and workflows across dashboards, alerts, incidents, and on-call schedules. With Grafana MCP servers, developers can build smarter, more connected agents. The possibilities are wide open.”

Ross Kukulinski, Vice President of Product, Kong Inc.
“We’re thrilled to partner with Docker to distribute our newly launched MCP Server for the Kong Konnect platform. This makes it easier than ever for developers to discover and integrate Kong Konnect APIs into their AI agents and applications, enabling real-time API discovery, analytics, and configuration management. By combining the reach of Docker’s MCP Catalog with the security of the Toolkit, we’re one step closer to our mission: enabling any company to securely adopt AI and embrace an API-first approach.”

Michael Hunger, Vice President of Product Innovation, Neo4j
“We’re excited to see Docker advancing the MCP ecosystem with MCP Catalog and Toolkit, making secure integration and hosting of MCP servers much easier. As the leading graph database for AI-native applications, Neo4j helps developers create grounded and explainable agents by providing relevant context through connected data. We’re proud to be a launch partner and contribute Neo4j MCP servers to this initiative — and to continue our shared mission of empowering developers to build smarter AI applications, faster.”

Camden Swita, Head of AI and ML Innovation, New Relic
“New Relic is committed to its open partner ecosystem and working with partners like Docker to bring much-needed simplicity and trust to AI-native development. New Relic continues to lead the industry in AI and observability by joining Docker’s MCP Catalog and Toolkit and bringing intelligent observability to developers building the next generation of applications.”

Joe Duffy, Founder and CEO, Pulumi
“Pulumi’s MCP server puts the cloud at your fingertips in your favorite AI tools. Powered by infrastructure as code, it can spin up modern infrastructure anywhere, with 1,000s of cloud and SaaS providers supported on day one. We’re excited to partner on Docker’s MCP Catalog and Toolkit to deliver AI-assisted cloud management with enhanced security and enterprise-readiness to our shared customers, the cloud builders and innovators.”

Betty Junod, CMO and Senior Vice President, Heroku at Salesforce
“The Heroku MCP Server unlocks new levels of automation, efficiency, and intelligence for managing custom applications running in production on the Heroku AI PaaS including: lifecycle management, database operations, managing third party add-ons, application scaling, performance, and more. At Heroku, we believe in meeting developers where they are in the languages and tools they love to be their most creative and productive. We’re excited to have the Heroku MCP Server bring the power of our platform directly to the Docker Desktop developer experience.”

Jeff Weinstein, Product Lead, Stripe
“With Docker MCP Toolkit, you can spin up Stripe MCP in an isolated container—making it fast and easy for developers to integrate Stripe into your AI workflows.”

Utkarsh Sengar, Vice President, Engineering, Webflow
“We launched the Webflow MCP Server to let agents and developers interact with our API the same way they work with code—inline and in context. Docker takes that experience even further by removing friction around credential management for Docker users. We’re proud to be a launch partner for the Docker MCP Catalog and Toolkit and excited to support the next wave of innovation in building and delivering online experiences.”

Resources

About Docker
Docker drives modern software development by making it easy to adopt container technology to radically boost productivity, security, testing, and collaboration at every step of the developer experience. Embraced by over 20 million developers worldwide, Docker’s unmatched flexibility and choice make it the preferred tool for developers seeking efficiency and innovation for creating modern applications. Learn more about Docker at www.docker.com.

The MIL Network –

April 23, 2025
MIL-OSI: Descope Announces Agentic Identity Hub to Enable Secure, Standards-Based AI Agent Connectivity
Source: GlobeNewswire (MIL-OSI)

LOS ALTOS, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Descope, the drag & drop external IAM platform, today announced the launch of the Agentic Identity Hub, an industry-first platform that helps organizations solve authentication and authorization challenges for AI agents, systems, and workflows. Notable additions include providing apps an easy way to become agent-ready while requiring user consent, providing agents a scalable way to connect with 50+ third-party tools and enterprise systems, and helping developers using the Model Context Protocol (MCP) protect their remote MCP servers with purpose-built authorization APIs and SDKs.

As agents, LLMs, and other AI systems become increasingly embedded into enterprise and consumer workflows, developers struggle with the dual challenge of securely connecting these AI systems to external SaaS tools and ensuring their own apps properly authenticate AI agents with the right level of access and human oversight. As the industry converges on a few key standards to power identity infrastructure for agentic builds (e.g. OAuth, MCP), developers face the choice between spending time to become experts in these protocols to build and manage authentication for AI systems, or risking identity spoofing, tool misuse, privilege compromise, and other threats described in the OWASP Top 10 for GenAI. This developer complexity contributes to the fact that less than two-fifths of GenAI projects go into production.

The Descope no / low code external IAM platform helps organizations easily create, modify, and manage journeys for their consumers, business customers, partners, and APIs / AI agents using visual workflows. Hundreds of customers including GoFundMe, Databricks, Navan, and You.com use Descope to enhance customer experience, help prevent account takeover, and get a 360 view of their customer and machine identities.

Capabilities announced today include:
- Inbound Apps, which provide every application an easy way to become its own identity provider using the OAuth standard. This allows AI agents to securely authenticate, access authorized user data, and take scoped actions on behalf of users with their explicit consent.
- Outbound Apps, which provide every AI agent builder a secure, scalable way to connect AI agents to external tools without having to manually manage and store tokens, scopes, and permissions. Developers can choose from over 50 out-of-the-box tool integration templates including Gmail, HubSpot, GitHub, Snowflake, Slack, Notion, and Shopify.
- MCP Auth SDKs and APIs that help developers building and managing remote MCP servers secure their systems with robust authorization controls as well as extend the MCP servers’ functionality by connecting them with multiple OAuth-based services.
“As AI systems make our lives easier, we must ensure the lives of developers building AI don’t become harder,” said Slavik Markovich, Co-founder and CEO of Descope. “The Agentic Identity Hub provides a set of tools to help developers spend more time on the interesting work of building and fine-tuning their AI systems and hardly any time on the nitty-gritties of authentication and access control. True enterprise AI adoption won’t happen without a robust, interoperable identity infrastructure working behind the scenes, and we’re excited to be a part of that infrastructure.”

“According to industry trends, over 70% of enterprises cite security, compliance, and trust as primary concerns when adopting AI technologies. As organizations increasingly integrate AI agents into their workflows, the need for robust governance frameworks becomes critical,” said Paul Nashawaty, Principal Analyst at theCUBE. “To scale AI adoption successfully, enterprises must become AI-ready—by modernizing their identity infrastructure—while AI systems must be architected for enterprise-grade demands. Solutions like the Descope Agentic Identity Hub, with its secure, granular, and interoperable identity management capabilities, are essential to bridging this readiness gap.”

To learn more, visit Descope’s AI Launch Week page and AI demo site.

Inbound Apps

AI agents are autonomous enough to navigate digital storefronts and access SaaS applications–however, these apps need to account for the fact that many AI agents don’t navigate the web like humans do. Instead of visual stimuli and UI, AI systems rely on APIs, standards like OAuth, and token-based flows to securely communicate with other machines.

With Descope Inbound Apps, any app or API can easily become OAuth-compatible, enabling a variety of use cases such as:
- Secure connectivity with AI agents with consent screens for users to have control and visibility into what data the AI agent can access and what actions it can perform.
- Integrating with partner applications while allowing them to fetch user data and take authorized actions on the user’s behalf.
- Powering app registration, token management, and consent for B2C and B2B marketplace ecosystems.
“We’re very excited about the potential of Descope Inbound Apps,” said Arnie Katz, Chief Product and Technology Officer at GoFundMe. “Descope is helping us provide frictionless, secure, and omnichannel authentication experiences for millions of users. Inbound Apps builds on this by providing the building blocks for us to more deeply connect with our charity partner ecosystem and make it easier for users to create and donate to fundraisers wherever they are – extending the reach and impact of our platform.”

Outbound Apps
Developers seeking to build powerful AI systems that can interact with the “real world” (e.g. book meetings, write emails, retrieve data from external systems on users’ behalf) face several authentication and integration challenges that delay or prevent production-readiness.

Descope Outbound Apps simplifies how AI agents connect with external tools and enterprise systems. Developers can pick from 50+ templates–ranging from CRMs and payroll to calendars and customer support tools–to securely integrate their AI agent without the heavy lift of learning complex OAuth processes, managing and storing tokens, or ensuring properly scoped access.

“Descope’s Outbound Apps capability frees up our developers from tooling and integration work so they can spend more time shipping core features instead,” said Soham Mazumdar, Co-founder and CEO of WisdomAI. “Being able to seamlessly connect with CRMs, data warehouses, and messaging tools to take actions on users’ behalf helps us show the value of our AI-powered analytics platform instantly.”

Remote MCP Auth SDKs and APIs

The Model Context Protocol, developed by Anthropic, provides a standardized way for LLMs to connect with external tools and services. As MCP continues to gain rapid adoption–with OpenAI, Microsoft, and Figma being a few recent adopters–developers face a mounting list of tasks to make their MCP servers production-ready.

The Descope MCP Auth SDKs and APIs simplify the process of implementing MCP authorization in remote MCP Servers, abstracting out complexities such as creating OAuth-based flows with PKCE or dynamic client registration. These SDKs and APIs work seamlessly with Inbound Apps, enabling use cases such as:
- Protecting MCP servers with OAuth-based authorization, ensuring scoped access to authorized clients.
- Extending MCP server functionality by connecting with external OAuth-based services.
Resources

About Descope

Descope is a drag & drop platform to help organizations manage all their external identities. Our no / low code external IAM solution helps organizations create, modify, and secure authentication and authorization journeys for end users, business customers, partner applications, and APIs / AI agents. Hundreds of businesses use Descope to improve customer experience, prevent account takeover, and get a 360 view of their customer and machine identities.

Media Contact
Erica Anderson
Offleash for Descope
descope@offleashpr.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/56fe28c7-74ba-4853-8fbd-2d8193a85ac9

https://www.globenewswire.com/NewsRoom/AttachmentNg/81c56077-54cc-416b-a155-4febb18d5c7c

https://www.globenewswire.com/NewsRoom/AttachmentNg/58829c30-5cec-4f64-8a40-7a2b3d30e323

The MIL Network –
April 23, 2025
MIL-OSI: Fullstory Appoints Chad Gold as Chief Financial Officer

Source: GlobeNewswire (MIL-OSI)

ATLANTA, April 22, 2025 (GLOBE NEWSWIRE) — Fullstory, a leading behavioral data company, today announced the appointment of Chad Gold as its chief financial officer (CFO). Gold brings over two decades of financial leadership experience in high-growth technology companies to Fullstory, where he will oversee the company’s financial strategy and operations.

“Chad’s extensive experience in scaling technology companies aligns perfectly with Fullstory’s vision for growth,” said Scott Voigt, CEO of Fullstory. “His strategic financial leadership will be instrumental as we continue to expand our offerings and deliver data-driven value to our customers. I couldn’t be more excited to welcome Chad to the team, especially given his deep ties to the Atlanta tech community and proven track record of helping high-growth companies thrive here.”

As CFO, Gold will focus on driving Fullstory’s continued growth, particularly as the company scales into the enterprise market. He will also work closely with the leadership team to support Fullstory’s product innovations, including the recent launch of new AI-agent-powered behavioral data solutions.

“Fullstory is in a prime position to lead the charge in AI innovation, thanks to the unmatched depth and quality of our behavioral data,” said Gold. “Businesses increasingly turn to AI to drive transformation, and I’m excited to contribute to that momentum. Fullstory is expanding its offerings, providing greater access to workforce intelligence and cutting-edge AI capabilities. I’m proud to be part of the team launching these innovations and am ready to start helping businesses turn data into meaningful, measurable outcomes.”

Prior to joining Fullstory, Gold served as CFO at G2, where he led financial strategy, investor relations, and business operations. He previously held the CFO role at Salesloft, guiding the company through rapid growth and a majority investment by Vista Equity Partners. Gold has also held senior finance roles at Rubicon Global, SAP Ariba, and The Home Depot. He was named CFO of the Year by the Atlanta Business Chronicle in 2022.

Gold’s appointment follows a series of strategic executive hires at Fullstory. In March 2024, the company welcomed Jason Wolf as president to lead growth and expansion initiatives. In August 2024, Fullstory appointed Claire Fang as chief product and technology officer – leading the product, design, and engineering teams. These additions underscore Fullstory’s commitment to strengthening its leadership team to support its ongoing growth and innovation.

About Fullstory
Fullstory is on a mission to help technology leaders make better, more informed decisions by injecting behavioral data into their analytics stack. The company’s patented technology unlocks the power of quality behavioral data at scale by transforming every digital visit into actionable data and insights. With Fullstory, enterprises can get closer to their customers’ true sentiments and intentions to predict what they want, create personalized experiences, and drive conversion, loyalty, and revenue. Fullstory is headquartered in Atlanta, USA, with regional teams across North America, EMEA, and APAC. For more information, visit www.fullstory.com.

Fullstory Media Relations
Alexandra King
Director of Communications
pr@fullstory.com

The MIL Network –

April 23, 2025
MIL-OSI: AvePoint Adds New Data Security and Management Capabilities to the Elements Platform for MSPs
Source: GlobeNewswire (MIL-OSI)

JERSEY CITY, N.J., April 22, 2025 (GLOBE NEWSWIRE) — AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today announced new capabilities available in the AvePoint Elements Platform, empowering managed service providers (MSPs) to simplify user lifecycle management and unify device management across tenants with security and scale. Additional capabilities underscore AvePoint’s continued investment into its channel business, building upon the completed acquisition of Ydentic in January 2025 and release of the next-generation Elements platform in February 2025.

The managed security services market is expected to grow to $56.6 billion by 2027, with over 80% of MSPs currently offering managed detection and response services and virtually all planning to add these services to their portfolio. In partnership with AvePoint, MSPs can secure client data and build additional service offerings to tap into this rapidly expanding market opportunity.

“As technology advances and security challenges intensify, MSPs face increasing pressure to scale operations, enhance security, and unlock new revenue streams,” said Scott Sacket, Senior Vice President of Partner Strategy, AvePoint. “The newest additions to the AvePoint Elements Platform give MSPs and channel partners the edge they need to drive business growth and augment their service offerings – by securing, managing, and protecting clients’ critical business data.”

Two new management capabilities are generally available today in the AvePoint Elements Platform:
- Simple, Secure User Lifecycle Management: The new User Lifecycle Management capabilities within the AvePoint Elements Platform address the complexities MSPs face in onboarding, security, and governance by automating user provisioning and management. This solution enables MSPs to enforce Multi-Factor Authentication (MFA), revoke active sessions, and ensure secure, efficient user lifecycle management across all customer environments. Using intelligent automation and centralized management tools, MSPs can significantly reduce administrative overhead, enhance operational efficiency, and ensure robust security, ultimately accelerating profitability and efficiency.
- Unified Device Management and Security: The new Device Management capabilities within the AvePoint Elements Platform provide centralized oversight of devices across multiple tenants, addressing the need for streamlined operations and reduced manual intervention for MSPs. This integration automates tasks such as configuring compliance policies, deploying applications, and enforcing security measures. Key capabilities include remote device wipes, defender scans, and policy synchronization, ensuring consistent security across tenants. With these advanced features, MSPs can enhance operational efficiency, maintain robust security, and scale their services seamlessly.
“AvePoint continues to develop solutions purpose-built for partners that benefit everyone who uses Microsoft technology,” Heather Deggans, VP ISV Partnerships at Microsoft. “With the latest enhancements to the AvePoint Elements Platform, partners can deliver more intelligent and proactive data security, governance and management strategies to their customers. This level of automation and efficiency in one single solution allows users to forge more effective and resilient digital workplaces and make the most of their Microsoft investments.”

For more information on AvePoint Elements, visit the website.

About AvePoint:

Beyond Secure. AvePoint is the global leader in data security, governance, and resilience, going beyond traditional solutions to ensure a robust data foundation and enable organizations everywhere to collaborate with confidence. Over 25,000 customers worldwide rely on the AvePoint Confidence Platform to prepare, secure, and optimize their critical data across Microsoft, Google, Salesforce, and other collaboration environments. AvePoint’s global channel partner program includes approximately 5,000 managed service providers, value-added resellers, and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

Forward-Looking Statements:

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

Disclosure Information

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

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

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

The MIL Network –
April 23, 2025
MIL-OSI: ASAPP Achieves the AWS Generative AI Competency

Source: GlobeNewswire (MIL-OSI)

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) — ASAPP, the leading provider of AI-powered contact center software, today announced it has achieved the Amazon Web Services (AWS) Generative AI Competency, a recognition of AWS partners that drive the advancement of services, tools, data strategy, and infrastructure pivotal for implementing generative AI technologies across diverse industries.

“ASAPP is committed to delivering best-in-class AI solutions that redefine what’s possible in enterprise contact centers,” said Priya Vijayarajendran, CEO of ASAPP. “Achieving the AWS Generative AI Competency underscores the measurable business impact of our AI-native solutions. We’re honored to deepen our collaboration with AWS as we continue to help customers solve the most complex, data-rich challenges facing enterprise contact centers today.”

ASAPP’s AI-native product suite addresses complex, data-intensive customer service challenges at enterprise scale—advancing beyond basic automation to solve customer-specific problems with speed and precision. GenerativeAgent is an enterprise generative AI agent that accelerates resolution of complex customer service interactions—safely and autonomously—while reducing integration overhead. Built for enterprise needs, it taps into historical data and existing systems to enable rapid deployment, improve customer satisfaction, and deliver measurable ROI from day one.

AWS Generative AI Competency partners are the go-to experts in implementing generative AI solutions that create value and drive business growth for AWS customers globally. Partners have proven expertise, field experience, and successful projects using generative AI tools from AWS to craft innovative solutions, enabling the building, training, deployment, and utilization of foundation models in creative ways at scale.

ASAPP is available in the AWS Marketplace. Click here to learn more.

Helpful links

About ASAPP
ASAPP is an AI solution provider committed to solving the toughest problems in customer service. Because we automate what was previously impossible to automate, our AI-native ^Ⓡ solutions deliver more than efficiency gains. They redefine the role of AI in the contact center and lay the groundwork for businesses to reimagine their customer experience delivery in the age of AI. Leading enterprises rely on ASAPP’s generative and agentic AI solutions to dramatically expand contact center capacity and transform their contact centers from cost centers into value drivers. To learn more about ASAPP, visit www.asapp.com.

Media Contact
Amy McDowell
Offleash PR for ASAPP
asapp@offleashpr.com

The MIL Network –

April 23, 2025
MIL-OSI: Orion180 Teams Up with Jewelers Mutual® to Offer Homeowners Comprehensive Jewelry Insurance

Source: GlobeNewswire (MIL-OSI)

MELBOURNE, Fla., April 22, 2025 (GLOBE NEWSWIRE) — Orion180, a leading provider of innovative homeowners and flood insurance solutions, has announced a collaboration with Jewelers Mutual, the only insurer dedicated to jewelry and jewelry businesses with over a century of expertise, to provide homeowners with specialized jewelry insurance coverage beyond the typical limits of a standard homeowners policy.

Through a seamless integration with Orion180’s homeowner’s quoting process, customers can obtain comprehensive protection against risks specific to high-value items, including theft, loss, and accidental damage.

“By working with Jewelers Mutual, Orion180 is addressing an underserved need among clients who require comprehensive jewelry coverage that goes beyond standard offerings,” said Ken Gregg, CEO and founder of Orion180. “We believe this collaboration adds a valuable layer to our insureds’ insurance experience because they can protect both their home and adequately protect their high-value items all in one place.”

Jewelers Mutual provides customers with specialized expertise and options such as flexible deductibles and the ability to choose their own preferred jeweler for repairs or replacements, offering policyholders a level of coverage not typically included in standard homeowners insurance policies.

“This new relationship with Orion180 allows us to leverage technology in new ways to make insurance more accessible to more jewelry consumers,” said Mike Alexander, Chief Operating Officer. “We’re able to meet customers where they want to be met and give them the freedom to wear their jewelry confidently knowing each piece has the expert protection it deserves.”

This collaboration represents a milestone in Orion180’s mission to provide value-added, technology-driven insurance solutions that cater to specific client needs. Independent insurance agents and homeowners can learn more about this jewelry insurance option by visiting Orion180.com or contacting Orion180 directly.

About Orion180
Orion180 is a technology-driven and customer-centric insurance brand that combines proprietary technology, real-time data, and straightforward underwriting practices to provide a seamless and premier insurance experience. Orion180 operates through Orion180 Insurance Co., a surplus lines insurance company serving Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Texas, Colorado (Flood only), Tennessee (Flood only), Illinois (Flood only) and Arizona, and Orion180 Select Insurance Co., an admitted insurance company offering coverage in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina, and Ohio. With its proprietary MY180 platform and third-party integrations, Orion180 offers unmatched efficiency and innovation, fulfilling its vision of becoming the global leader in insurance solutions while maintaining its mission to deliver superior customer experiences and a comprehensive suite of products. Connect with Orion180 on X, LinkedIn, Facebook, Instagram, TruthSocial, and YouTube. For more information, visit www.Orion180.com.

Media Contacts
Ross Blume
Fusion Public Relations
orion180@fusionpr.com

Yiguang Qiu
Orion180
+1 321 222 6242
yqiu@orion180.com

About Jewelers Mutual

Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 38 consecutive “A+ Superior” ratings from AM Best Company, as of November 2024. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit JewelersMutual.com.

The MIL Network –

April 23, 2025
MIL-OSI: Euronet and Prosegur Cash Launch Independent ATM Network in Peru and the Dominican Republic

Source: GlobeNewswire (MIL-OSI)

LEAWOOD, Kan. and MADRID, April 22, 2025 (GLOBE NEWSWIRE) — Euronet (NASDAQ: EEFT), a global leader in payments processing and cross-border transactions, and Prosegur Cash (Spanish SE: CASH), a global Cash-In-Transit company with strong leadership in Latin American markets, announced today the launch of their Independent ATM Network (IAD) in Peru and the Dominican Republic. The initiative is part of their joint venture agreement, branded as LATM (a combination of LATAM and ATM), to deploy independent ATMs across most countries of Latin America and provide comprehensive ATM As-a-Service solutions to banks and financial institutions in the region.

The initiative is sponsored by leading local financial institutions in both markets: Banco Alfin, recognized in Peru for its commitment to digitalization and technological innovation, and Banco BHD, the second-largest private bank in the Dominican Republic. The joint venture will provide state-of-the-art ATM solutions in key locations across both countries where cash is needed most, including popular destinations attracting international travelers. The ATMs will feature the distinct and well-recognized LATM branding, showcasing the combined strengths of the parties in providing financial services at scale. The BHD and Alfin brands will also be displayed on respective LATM ATMs in the Dominican Republic and Peru.

The joint venture leverages Euronet’s Ren payments platform and the company’s extensive portfolio of value-added ATM management services as well as Prosegur Cash’s customer-centric, on-the-ground operational services for cash management, end-to-end hardware services and facilities management.

“We are thrilled with the launch of our first markets with Independent ATM Networks in Latin America through our joint venture with Prosegur Cash,” said Nikos Fountas, Euronet EVP and CEO EFT Americas, Europe, Middle East and Africa. “This joint venture positions us for rapid growth in the region. We are confident that we will achieve a rapid pace of ATM deployment in these countries based on well-established local partnerships backed by our global processing centers. The deployment of our IAD in the region is also an excellent platform for providing ATM As-a-Service to banks and financial institutions.”

“The start of operations in Peru and the Dominican Republic represents the full and effective development of the agreement reached with Euronet and is a winning model which we will see soon in many more countries in the region,” said José Antonio Lasanta, CEO of Prosegur Cash, in welcoming the launch in the two countries.

About Prosegur Cash

Prosegur Cash is a company dedicated to cash logistics and cash management that covers the complete cash cycle. It employs around 45,000 people, in more than 31 countries, and in 2023, it obtained revenues of 1,861 million euros. Prosegur Cash is positioned as a global benchmark with a clear vocation for leadership. In addition, the company articulates its social commitment by working on ten of the seventeen Sustainable Development Goals of the United Nations in which it considers it can generate a positive impact.

Prosegur Cash is part of The Climate Pledge, an international alliance whose members have pledged to generate zero net carbon emissions by 2040. Prosegur Cash is listed on the Spanish stock exchanges under the symbol CASH.

For more information visit: www.prosegurcash.com

About Euronet

A global leader in payments processing and cross-border transactions, Euronet moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit processing, ATMs, point-of-sale services, branded payments, currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone.

Starting in Central Europe in 1994, Euronet now supports an extensive global real-time digital and cash payments network that includes 55,248 installed ATMs, approximately 1,160,000 EFT point-of-sale terminals and a growing portfolio of outsourced debit and credit card services which are under management in 67 countries; card software solutions; a prepaid processing network of approximately 777,000 point-of-sale terminals at approximately 362,000 retailer locations in 64 countries; and a global money transfer network of approximately 607,000 locations serving 197 countries and territories with digital connections to 4.1 billion bank accounts and 3.1 billion digital wallet accounts. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 worldwide offices. For more information, please visit the company’s website at www.euronetworldwide.com.

The MIL Network –

April 23, 2025
MIL-OSI: Onex to Announce First Quarter 2025 Results on May 9, 2025

Source: GlobeNewswire (MIL-OSI)

All amounts in U.S. dollars
unless otherwise stated

TORONTO, April 22, 2025 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) will release its results for the first quarter ended March 31, 2025 on May 9, 2025.

A live broadcast of Onex’ webcast to discuss the results will begin at 11:00 a.m. ET on May 9, 2025. A link to the webcast and on-line replay will be available at www.onex.com/events-and-presentations.

As a reminder, Onex’ Annual Meeting of Shareholders will be held virtually on May 8, 2025 at 10:00 a.m. ET. A link to the online event will be available on Onex’ website at www.onex.com/events-and-presentations.

About Onex

Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $51.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.com.

For further information:
Zev Korman
Vice President, Shareholder Relations and Communications
+1 416.362.7711

The MIL Network –

April 23, 2025
MIL-OSI: Correction: Dividend Payment Procedure

Source: GlobeNewswire (MIL-OSI)

Corrected: Dividends of legal entities residents of the Republic of Lithuania and foreign countries shall be subject to the Corporate Profit Tax rate.

The Ordinary general meeting of shareholders held on 31 March 2025 approved allocation of the profit of Šiaulių Bankas AB which included a pay-out of dividends – 0.061 euro shall be paid for each ordinary registered share with a nominal value of 0.29 euro. Dividends shall be paid out to persons who were the shareholders of Šiaulių Bankas AB at the end of the record day – 14 April 2025.

The Bank shall pay out dividends on 25 April 2025 in compliance with the following procedure:

– those shareholders whose shares are being accounted in the securities accounts with banks and financial brokerage companies rendering investment services will receive an amount of dividends after deduction of Personal Income Tax or Corporate Profit Tax in compliance with the laws of the Republic of Lithuania which shall be transferred to the accounts with the respective banks or financial brokerage companies;

– for shareholders whose shares are accounted for in Šiaulių Bankas AB in the issuer’s accounting, the amount of dividends, after deducting personal income tax or income tax in accordance with the laws of the Republic of Lithuania, will be transferred to the account specified by the shareholder. If the shareholder has not specified an account for the transfer of dividends, he/she must submit an application for the transfer of dividends. Applications are accepted from 18 April 2025 in all customer service points of Šiaulių Bankas AB. Before going to the customer service department, it is necessary to register for a visit on-line at https://sb.lt/en or by phone +370 610 44447. Applications for dividend transfer can also be submitted via the Internet Bank.

Taxation of dividends:

– Dividends of natural persons residents of the Republic of Lithuania and foreign countries shall be subject to 15 per cent of the Personal Income Tax rate;

– Dividends of legal entities residents of the Republic of Lithuania and foreign countries shall be subject to 16 per cent of the Corporate Profit Tax rate, unless otherwise provided for in the laws.

Additional information:

Director of Securities Operations Department Jolanta Dobiliauskienė

jolanta.dobiliauskiene@sb.lt , +370 610 28767

The MIL Network –

April 23, 2025