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Category: GlobeNewswire

  • MIL-OSI: Royalty Pharma Declares Second Quarter 2025 Dividend

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) — The board of directors of Royalty Pharma plc (Nasdaq: RPRX) has approved the payment of a dividend for the second quarter of 2025 of $0.22 per Class A ordinary share.

    The dividend will be paid on June 10, 2025, to shareholders of record at the close of business on May 16, 2025.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 15 development-stage product candidates. For more information, visit www.royaltypharma.com.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    The MIL Network –

  • MIL-OSI: ESCO Technologies Announces Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    St. Louis, April 21, 2025 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE:ESE) will report its second quarter financial results after the market close on Wednesday, May 7, 2025, followed by a conference call where the financial results and related commentary will be discussed.  

    Event:       Second Quarter 2025 Conference Call
    Date:        Wednesday, May 7
    Time:        4:00 p.m. Central Time

    The conference call webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website. The slide presentation will be utilized during the call and will be posted on the website prior to the call. Participants may also access the webcast using this registration link.

    For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO’s website.

    ESCO is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products for the aviation, Navy, space, and process markets worldwide and composite-based products and solutions for Navy, defense, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit the Company’s website at www.escotechnologies.com.        

    SOURCE ESCO Technologies Inc.
    Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

    The MIL Network –

  • MIL-OSI: Everbright Digital Holding Limited Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, April 21, 2025 (GLOBE NEWSWIRE) — Everbright Digital Holding Limited (the “Company” or “Everbright”), an integrated marketing solutions provider headquartered in Hong Kong, today announced the closing of its initial public offering (the “Offering”) of 1,500,000 ordinary shares, par value US$0.00004 per share (the “Ordinary Shares”), at a public offering price of US$4.00 per ordinary share. The Ordinary Shares began trading on the Nasdaq Capital Market on April 17, 2025, under the ticker symbol “EDHL.”

    The Company received aggregate gross proceeds of US$6.0 million from the sale of Ordinary Shares offered by the Company in the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts.

    Net proceeds from the Offering will be used by the Company for marketing and business expansion, continued research and development of our core technologies, business development overseas, talent acquisition and training, as well as for general working capital and corporate purposes.

    The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as the lead underwriter and Revere Securities LLC acted as co-underwriter for the Offering. Pacific Century Securities, LLC acted as an advisor to the Company. Ortoli Rosenstadt LLP acted as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the underwriters.

     A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-285191), as amended, and was declared effective by the SEC on March 31, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC by email at info@dominarisecurities.com, by standard mail to Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022, or by calling (212) 393-4500. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

    Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

    About Everbright Digital Holding Limited

    Everbright Digital Holding Limited is an integrated marketing solutions provider headquartered in Hong Kong. The Company conducts all operations in Hong Kong through its operating subsidiary, Hong Kong United Metaverse Limited. The Company is an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies, providing one-stop digital marketing services to support businesses through every stage of their development, including metaverse stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, IP character creation and social media marketing.

    For more information, please visit the Company’s website: https://umeta.hk/.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For investor and media inquiries, please contact:

    Everbright Digital Holding Limited
    Leung Chun Yip, CEO
    Email: michael@umeta.hk

    The MIL Network –

  • MIL-OSI: Zero Downtime, Full Transparency: UCFX Markets Raises the Industry Standard

    Source: GlobeNewswire (MIL-OSI)

    London, UK, April 21, 2025 (GLOBE NEWSWIRE) — In a time when traders are demanding clarity, performance, and accountability, UCFX Markets has emerged as a beacon of trust, efficiency, and modern trading architecture. With its recent announcement of zero system downtime and full trade transparency, the platform is drawing praise from analysts, high-volume traders, and everyday investors alike.

    This dual milestone—infrastructure reliability and complete visibility into trades, pricing, and fees—has elevated UCFX Markets into a category of its own, especially as global platforms continue to suffer from lag, withdrawal delays, and policy confusion. As noted in a series of recent independent UCFXMarkets reviews, the company is delivering not just promises, but measurable performance.

    Technology That Doesn’t Sleep

    Since the beginning of 2025, UCFX Markets has achieved and maintained 100% operational uptime, a metric that few competitors can match. During major market events—including January’s unexpected altcoin surge and March’s Bitcoin correction—the platform experienced no outages or slowdowns, enabling traders to enter, manage, and exit positions in real time without risk of system-related loss.

    “Our clients never have to worry about platform failure during volatile conditions,” said a senior infrastructure engineer at UCFX Markets. “Whether they’re day-trading, swing-trading, or holding long-term, they know the system will be there. No blackout windows. No server crashes.”

    This commitment to consistency has sparked a surge in UCFXMarkets reviews, particularly from traders who have grown frustrated with unreliable platforms that freeze or disconnect during peak demand hours.

    Full Transparency: From Fees to Execution

    Beyond stability, UCFX Markets is also setting the bar for transparency. Clients now have access to:

    • Live trade audit logs
    • Real-time spread visibility
    • Instant fee breakdowns
    • AI-generated trade rationale reports

    This level of openness has resonated with both retail and professional traders, many of whom have spent years navigating platforms with hidden charges or unclear execution histories.

    “Transparency builds trust. And in 2025, trust is everything,” said a spokesperson for UCFX Markets. “We believe that traders deserve to see exactly how every trade is processed—and exactly what it costs.”

    According to one recent financial report, over 78% of new clients cited transparency and system stability as the key reasons for moving to the platform. This has led to an influx of glowing UCFXMarkets reviews from users across Europe, Australia, and Asia.

    What Traders Are Saying

    Below are four real-world testimonials from verified clients now actively trading with UCFX Markets:

    Liam H. – Manchester, UK
    “I’ve used at least six trading platforms in the past five years. None come close to the stability and transparency of UCFX Markets. I don’t have to guess what’s happening with my orders. Everything’s logged and clear. I’ve already written multiple UCFXMarkets reviews because they earned it.”

    Amelia W. – Sydney, Australia
    “During the last flash crash, my previous platform froze completely. I lost over $4,000. That’s when I switched to UCFX Markets. Their uptime is unmatched, and the risk monitoring tools helped me protect every position. Highly recommend.”

    Jonas L. – Berlin, Germany
    “As someone managing multiple accounts, transparency is non-negotiable. I’ve had platforms lock me out, delay withdrawals, or hide spreads. With UCFX Markets, it’s all laid out. Nothing hidden. My team and I now manage all of our trades here.”

    Rachel T. – Toronto, Canada
    “It’s the only platform I’ve used where everything works exactly as promised. From deposits to withdrawals to reporting—it’s seamless. I’ve shared UCFXMarkets reviews with friends and colleagues because people deserve better options in crypto trading.”

    The Industry Takes Notice

    UCFX Markets’ consistent execution and operational integrity have not gone unnoticed. Independent rating firms and fintech publications are beginning to highlight the platform as a rising force in crypto and forex, especially among self-managed traders, portfolio managers, and regulated institutional desks.

    The company is also gaining attention for its no-nonsense approach to compliance, offering streamlined KYC processes that meet international standards without unnecessary delays or hurdles. Combined with its real-time trade audit tools, UCFX Markets is positioning itself as a regulation-ready alternative for both individual and enterprise clients.

    Looking Ahead: Smarter, Safer, Faster

    UCFX Markets’ roadmap for 2025 includes:

    • Advanced AI-driven trade strategy modeling
    • Multilingual, around-the-clock support based in EU and APAC
    • Custom dashboard environments for fund managers and quant traders
    • Launch of smart trading alerts integrated with mobile apps

    These innovations are expected to further boost user satisfaction and enhance already glowing UCFXMarkets reviews seen across fintech communities and trust platforms.

    Conclusion

    In a market flooded with short-lived platforms and empty promises, UCFX Markets is raising the bar through performance, clarity, and total reliability. With zero downtime and fully transparent operations, it offers a clear path forward for traders who demand both trust and results.

    The MIL Network –

  • MIL-OSI: TrustCo Reports First Quarter 2025 Net Income of $14.3 Million From Repricing Loan Portfolio and Well-Managed Cost of Funds

    Source: GlobeNewswire (MIL-OSI)

    Executive Snapshot:

    • Bank-wide financial results:
      • Key metrics for the first quarter 2025:
        • Net income of $14.3 million increased 17.7% compared to $12.1 million for the first quarter 2024
        • Net interest income of $40.4 million, up 10.4% from $36.6 million compared to the first quarter 2024
        • Average loans were up $104.7 million for the first quarter 2025 compared to the first quarter 2024
        • Average deposits were up $103.3 million for the first quarter 2025 compared to the first quarter 2024
    • Capital position and key ratios:
      • Consolidated equity to assets increased to 10.85% as of March 31, 2025 from 10.51% as of March 31, 2024
      • Book value per share as of March 31, 2025 was $36.16, up from $34.12 as of March 31, 2024
      • Stock repurchase program announced authorizing for up to one million shares or approximately 5% of TrustCo’s current outstanding common stock
    • Trustco Financial Services and Wealth Management income:
      • Fees increased to $2.1 million or 16.7% compared to first quarter 2024
      • Assets under management increased to $1.2 billion or 17.4% compared first quarter 2024

    GLENVILLE, N.Y., April 21, 2025 (GLOBE NEWSWIRE) —

    TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced a robust start to 2025, marked by significant growth in both the loan and deposit portfolios of Trustco Bank during the first quarter of 2025 compared to the first quarter of 2024. This performance underscores the Bank’s commitment to serving its community through increased residential and commercial lending and adapting effectively to the evolving financial landscape. This resulted in first quarter 2025 net income of $14.3 million or $0.75 diluted earnings per share, compared to net income of $12.1 million or $0.64 diluted earnings per share for the first quarter 2024. Average loans increased $104.7 million or 2.1% for the first quarter 2025 over the same period in 2024. Average deposits increased $103.3 million or 1.9% for the first quarter 2025 over the same period in 2024.

    Overview

    Chairman, President, and CEO, Robert J. McCormick said “We are very pleased to announce today that tried and true Trustco Bank strategy has once again yielded exceptional results. We added loans at current market rates, which repriced our current loan portfolio higher, supporting long-term profitability. This was funded entirely by our own deposits, and we did so while holding the line on board rates. Despite aggressive market competition, we have favorably repriced our time deposits with the help of strong brand loyalty and digital engagement. These efforts yielded net income of $14.3 million and boosted all return metrics significantly year-over-year. Credit quality remains exceptional, with non-performing loans holding steady at a negligible 0.37%. The Bank also grew capital and thus maintains its position of strength. Based upon what we have seen in the first quarter, we anticipate that good things are likely in the future.”

    Details

    Average loans were up $104.7 million, or 2.1%, in the first quarter 2025 over the same period in 2024. Average residential loans and HECLs, our primary lending focus, were up $26.2 million, or 0.6%, and $61.0 million, or 17.3%, respectively, in the first quarter 2025 over the same period in 2024. Average commercial loans also increased $20.7 million, or 7.5%, in the first quarter 2025 over the same period in 2024. This uptick reflects a strong local economy and increased demand for credit. Average deposits were up $103.3 million, or 1.9%, for the first quarter 2025 over the same period in 2024, primarily as a result of an increase in time deposits, interest bearing checking accounts, and demand deposits. We believe the increase in these deposits compared to the same period in 2024 continues to indicate strong customer confidence in the Bank’s competitive deposit offerings. As we move forward, despite a complex economic environment, we believe that our strategic focus on relationship banking and solid financial practices has positioned us for continued success.

    During the first quarter of 2025, the TrustCo announced a stock repurchase program of up to one million shares, or approximately 5% of TrustCo’s current outstanding shares of common stock. This repurchase initiative is part of the Bank’s broader capital management strategy and is intended to enhance shareholder value while maintaining flexibility to support future growth. As of March 31, 2025, our equity to asset ratio was 10.85%, compared to 10.51% as of March 31, 2024. Book value per share as of March 31, 2025 was $36.16, up 6.0% compared to $34.12 a year earlier.  

    Net interest income was $40.4 million for the first quarter 2025, an increase of $3.8 million, or 10.4%, compared to the first quarter of 2024, driven by loan growth at higher interest rates and less interest expense on deposit products, partially offset by lower investment interest income and a decrease in interest on federal funds sold and other short-term investments. The net interest margin for the first quarter 2025 was 2.64%, up 20 basis points from 2.44% in the first quarter of 2024. The yield on interest earnings assets increased to 4.13% in the first quarter of 2025, up 14 basis points from 3.99% in the first quarter of 2024. The cost of interest bearing liabilities decreased to 1.92% in the first quarter 2025, down from 1.99% in the first quarter 2024. As the Federal Reserve signals potential interest rate reductions in 2025, the Bank is proactively preparing to navigate the evolving rate environment. In this context, the Bank anticipates that a lower interest rate environment will provide opportunities to manage deposit costs more effectively, thereby supporting net interest margin. The Bank remains committed to maintaining competitive deposit offerings while ensuring financial stability and continued support for our communities’ banking needs.

    Non-interest income increased to $5.0 million as compared to $4.8 million for the first quarter of 2024. This increase was primarily attributable to wealth management and financial services fees, which increased by 16.7% to $2.1 million, driven by strong client demand and higher assets under management. These revenues now represent 42.6% of non-interest income. The majority of this fee income is recurring, supported by long-term advisory relationships and a growing base of managed assets. Non-interest expense increased $1.4 million over the first quarter of 2024 due to increases in several areas of expenses.

    Asset quality remains strong and has been consistent over the past twelve months. The Company recorded a provision for credit losses of $300 thousand in the first quarter of 2025, which is the result of a provision for credit losses on loans of $100 thousand, and a provision for credit losses on unfunded commitments of $200 thousand. The ratio of allowance for credit losses on loans to total loans was 0.99% and 0.98% as of March 31, 2025 and 2024, respectively. The allowance for credit losses on loans was $50.6 million as of March 31, 2025, compared to $49.2 million as of March 31, 2024. Nonperforming loans (NPLs) were $18.8 million as of March 31, 2025, compared to $18.3 million as of March 31, 2024. NPLs were 0.37% of total loans as of March 31, 2025 and 2024. The coverage ratio, or allowance for credit losses on loans to NPLs, was 269.8% as of March 31, 2025, compared to 269.3% as of March 31, 2024. Nonperforming assets (NPAs) were $20.9 million as of March 31, 2025, compared to $20.6 million as of March 31, 2024.  

    A conference call to discuss first quarter 2025 results will be held at 9:00 a.m. Eastern Time on April 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 048251. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 486810. The call will also be audio webcast at https://events.q4inc.com/attendee/647533404,and will be available for one year.

    About TrustCo Bank Corp NY

    TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida as of March 31, 2025.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future development, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding the effects of the economic environment on our financial results, our ability to retain customers and the amount of customers’ business, including deposit balances, with us, the impact of the Federal Reserve’s actions regarding interest rates, and the anticipated effects of our capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements, and many of the risks and uncertainties are heightened by or may, in the future, be heightened by volatility in financial markets and macroeconomic or geopolitical concerns related to inflation, changes in United States and foreign trade policy, continued elevated interest rates and ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas). TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The following important factors, among others, in some cases have affected and in the future could affect TrustCo’s actual results and could cause TrustCo’s actual financial performance to differ materially from that expressed in any forward-looking statement: future changes in interest rates; external economic factors, such as changes in monetary policy, ongoing inflationary pressures and continued elevated prices; exposure to credit risk in our lending activities; our increasing commercial loan portfolio; the sufficiency of our allowance for credit losses on loans to cover actual loan losses; our ability to meet the cash flow requirements of our depositors or borrowers or meet our operating cash needs to fund corporate expansion and other activities; claims and litigation pertaining to fiduciary responsibility and lender liability; the enforcement of federal cannabis laws and regulations and its impact on our ability to provide services in the cannabis industry; our dependency upon the services of the management team; our disclosure controls and procedures’ ability to prevent or detect errors or acts of fraud; the adequacy of our business continuity and disaster recovery plans; the effectiveness of our risk management framework; the impact of any expansion by us into new lines of business or new products and services; an increase in the prevalence of fraud and other financial crimes; the impact of severe weather events and climate change on us and the communities we serve, including societal responses to climate change; environmental, social and governance risks, as well as diversity, equity, and inclusion-related risks, and their impact on our reputation and relationships; the chance of a prolonged economic downturn, especially one affecting our geographic market area; instability in global economic conditions and geopolitical matters, as well as volatility in financial markets; the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; fluctuations in the trust wealth management fees we receive as a result of investment performance; the impact of regulatory capital rules on our growth; changes in laws and regulations, including changes in cybersecurity or privacy regulations; restrictions on data collection and use; our compliance with the USA PATRIOT Act, Bank Secrecy Act, and other laws and regulations that could result in material fines or sanctions; changes in tax laws; limitations on our ability to pay dividends; TrustCo Realty Corp.’s ability to qualify as a real estate investment trust; changes in accounting standards; competition within our market areas; consumers and businesses’ use of non-banks to complete financial transactions; our reliance on third-party service providers; the impact of data breaches and cyber-attacks; the development and use of artificial intelligence; the impact of a failure in or breach of our operational or security systems or infrastructure, or those of third parties; the impact of an unauthorized disclosure of sensitive or confidential client or customer information; the impact of interruptions in the effective operation of our computer systems; the impact of anti-takeover provisions in our organizational documents; the impact of the manner in which we allocate capital; and other risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q or other securities filings, as well as our upcoming quarterly report on Form 10-Q for the first quarter of 2025. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    TRUSTCO BANK CORP NY  
    GLENVILLE, NY  
       
    FINANCIAL HIGHLIGHTS  
       
    (dollars in thousands, except per share data)  
    (Unaudited)  
      Three months ended  
      3/31/2025   12/31/2024   3/31/2024  
    Summary of operations            
    Net interest income $ 40,373   $ 38,902   $ 36,578  
    Provision for credit losses   300     400     600  
    Noninterest income   4,974     4,409     4,843  
    Noninterest expense   26,329     28,165     24,903  
    Net income   14,275     11,281     12,126  
                 
    Per share            
    Net income per share:            
    – Basic $ 0.75   $ 0.59   $ 0.64  
    – Diluted   0.75     0.59     0.64  
    Cash dividends   0.36     0.36     0.36  
    Book value at period end   36.16     35.56     34.12  
    Market price at period end   30.48     33.31     28.16  
                 
    At period end            
    Full time equivalent employees   740     737     761  
    Full service banking offices   136     136     140  
                 
    Performance ratios            
    Return on average assets   0.93 %   0.73 %   0.80 %
    Return on average equity   8.49     6.70     7.54  
    Efficiency ratio (GAAP)   58.06     65.03     59.94  
    Adjusted Efficiency ratio (1)   58.00     63.93     59.94  
    Net interest spread   2.21     2.15     2.00  
    Net interest margin   2.64     2.60     2.44  
    Dividend payout ratio 47.97     60.70     56.48  
                 
    Capital ratios at period end            
    Consolidated equity to assets   10.85 %   10.84 %   10.51 %
    Consolidated tangible equity to tangible assets (1)   10.84 %   10.83 %   10.50 %
                 
    Asset quality analysis at period end            
    Nonperforming loans to total loans   0.37 %   0.37 %   0.37 %
    Nonperforming assets to total assets   0.33     0.34     0.33  
    Allowance for credit losses on loans to total loans   0.99     0.99     0.98  
    Coverage ratio (2) 2.7x   2.7x   2.7x  
                 
                 
    (1) Non-GAAP Financial Measure, see Non-GAAP Financial Measures Reconciliation.
    (2) Calculated as allowance for credit losses on loans divided by total nonperforming loans.            
                 
                       
    CONSOLIDATED STATEMENTS OF INCOME
                       
    (dollars in thousands, except per share data)                  
    (Unaudited)                  
       Three months ended
      3/31/2025   12/31/2024   9/30/2024   6/30/2024   3/31/2024
    Interest and dividend income:                  
    Interest and fees on loans $ 53,450   $ 53,024   $ 52,112   $ 50,660   $ 49,804
    Interest and dividends on securities available for sale:                  
    U. S. government sponsored enterprises   596     680     718     909     906
    State and political subdivisions   –     –     –     1     –
    Mortgage-backed securities and collateralized mortgage                  
    obligations – residential   1,483     1,418     1,397     1,451     1,494
    Corporate bonds   260     358     361     362     476
    Small Business Administration – guaranteed                  
    participation securities   81     84     90     94     100
    Other securities   7     6     2     2     3
    Total interest and dividends on securities available for sale   2,427     2,546     2,568     2,819     2,979
                       
    Interest on held to maturity securities:                  
    obligations – residential   57     59     62     65     68
    Total interest on held to maturity securities   57     59     62     65     68
                       
    Federal Home Loan Bank stock   151     152     153     147     152
                       
    Interest on federal funds sold and other short-term investments   6,732     6,128     6,174     6,894     6,750
    Total interest income   62,817     61,909     61,069     60,585     59,753
                       
    Interest expense:                  
    Interest on deposits:                  
    Interest-bearing checking   558     397     311     288     240
    Savings   734     719     770     675     712
    Money market deposit accounts   1,989     2,024     2,154     2,228     2,342
    Time deposits   18,983     19,680     18,969     19,400     19,677
    Interest on short-term borrowings   180     187     194     206     204
    Total interest expense   22,444     23,007     22,398     22,797     23,175
                       
    Net interest income   40,373     38,902     38,671     37,788     36,578
                       
    Less: Provision for credit losses   300     400     500     500     600
    Net interest income after provision for credit losses   40,073     38,502     38,171     37,288     35,978
                       
    Noninterest income:                  
    Trustco Financial Services income   2,120     1,778     2,044     1,609     1,816
    Fees for services to customers   2,645     2,226     2,482     2,399     2,745
    Net gains on equity securities   –     –     23     1,360     –
    Other   209     405     382     283     282
    Total noninterest income   4,974     4,409     4,931     5,651     4,843
                       
    Noninterest expenses:                  
    Salaries and employee benefits   11,894     12,068     12,134     12,520     11,427
    Net occupancy expense   4,554     4,563     4,271     4,375     4,611
    Equipment expense   1,944     2,404     1,757     1,990     1,738
    Professional services   1,726     1,782     1,863     1,570     1,460
    Outsourced services   2,700     3,051     2,551     2,755     2,501
    Advertising expense   361     590     339     466     408
    FDIC and other insurance   1,188     1,113     1,112     797     1,094
    Other real estate expense, net   28     476     204     16     74
    Other   1,934     2,118     1,969     1,970     1,590
    Total noninterest expenses   26,329     28,165     26,200     26,459     24,903
                       
    Income before taxes   18,718     14,746     16,902     16,480     15,918
    Income taxes   4,443     3,465     4,027     3,929     3,792
                       
    Net income $ 14,275   $ 11,281   $ 12,875   $ 12,551   $ 12,126
                       
    Net income per common share:                  
    – Basic $ 0.75   $ 0.59   $ 0.68   $ 0.66   $ 0.64
                       
    – Diluted   0.75     0.59     0.68     0.66     0.64
                       
    Average basic shares (in thousands)   19,020     19,015     19,010     19,022     19,024
    Average diluted shares (in thousands)   19,044     19,045     19,036     19,033     19,032
                       
               
    CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
     
    (dollars in thousands)
    (Unaudited)
      3/31/2025 12/31/2024 9/30/2024 6/30/3024   3/31/2024  
    ASSETS:          
               
    Cash and due from banks $ 48,782   $ 47,364   $ 49,659   $ 42,193   $ 44,868  
    Federal funds sold and other short term investments   707,355     594,448     473,306     493,920     564,815  
    Total cash and cash equivalents   756,137     641,812     522,965     536,113     609,683  
               
    Securities available for sale:          
    U. S. government sponsored enterprises   65,942     85,617     90,588     106,796     128,854  
    States and political subdivisions   18     18     26     26     26  
    Mortgage-backed securities and collateralized mortgage          
    obligations – residential   219,333     213,128     222,841     218,311     227,078  
    Small Business Administration – guaranteed          
    participation securities   13,683     14,141     15,171     15,592     16,260  
    Corporate bonds   24,779     44,581     54,327     53,764     53,341  
    Other securities   698     700     701     688     682  
    Total securities available for sale   324,453     358,185     383,654     395,177     426,241  
               
    Held to maturity securities:          
    Mortgage-backed securities and collateralized mortgage          
    obligations-residential   5,090     5,365     5,636     5,921     6,206  
    Total held to maturity securities   5,090     5,365     5,636     5,921     6,206  
               
    Federal Reserve Bank and Federal Home Loan Bank stock   6,507     6,507     6,507     6,507     6,203  
               
    Loans:          
    Commercial   302,753     286,857     280,261     282,441     279,092  
    Residential mortgage loans   4,380,561     4,388,302     4,382,674     4,370,640     4,354,369  
    Home equity line of credit   419,806     409,261     393,418     370,063     355,879  
    Installment loans   13,017     13,638     14,503     15,168     16,166  
    Loans, net of deferred net costs   5,116,137     5,098,058     5,070,856     5,038,312     5,005,506  
               
    Less: Allowance for credit losses on loans   50,606     50,248     49,950     49,772     49,220  
    Net loans   5,065,531     5,047,810     5,020,906     4,988,540     4,956,286  
               
    Bank premises and equipment, net   37,178     33,782     33,324     33,466     33,423  
    Operating lease right-of-use assets   34,968     36,627     37,958     38,376     39,647  
    Other assets   108,681     108,656     98,730     102,544     101,881  
               
    Total assets $ 6,338,545   $ 6,238,744   $ 6,109,680   $ 6,106,644   $ 6,179,570  
               
    LIABILITIES:          
    Deposits:          
    Demand $ 793,306   $ 762,101   $ 753,878   $ 745,227   $ 742,997  
    Interest-bearing checking   1,067,948     1,027,540     988,527     1,029,606     1,020,136  
    Savings accounts   1,094,968     1,086,534     1,092,038     1,144,427     1,155,517  
    Money market deposit accounts   478,872     465,049     477,113     517,445     532,611  
    Time deposits   2,061,576     2,049,759     1,952,635     1,840,262     1,903,908  
    Total deposits   5,496,670     5,390,983     5,264,191     5,276,967     5,355,169  
               
    Short-term borrowings   82,275     84,781     91,450     89,720     94,374  
    Operating lease liabilities   38,324     40,159     41,469     42,026     43,438  
    Accrued expenses and other liabilities   33,468     46,478     43,549     42,763     37,399  
               
    Total liabilities   5,650,737     5,562,401     5,440,659     5,451,476     5,530,380  
               
    SHAREHOLDERS’ EQUITY:          
    Capital stock   20,097     20,097     20,058     20,058     20,058  
    Surplus   259,182     258,874     257,644     257,490     257,335  
    Undivided profits   453,931     446,503     442,079     436,048     430,346  
    Accumulated other comprehensive loss, net of tax   (132 )   (3,861 )   (6,600 )   (14,268 )   (14,763 )
    Treasury stock at cost   (45,270 )   (45,270 )   (44,160 )   (44,160 )   (43,786 )
               
    Total shareholders’ equity   687,808     676,343     669,021     655,168     649,190  
               
    Total liabilities and shareholders’ equity $ 6,338,545   $ 6,238,744   $ 6,109,680   $ 6,106,644   $ 6,179,570  
               
    Outstanding shares (in thousands)   19,020     19,020     19,010     19,010     19,024  
               
    NONPERFORMING ASSETS  
                 
    (dollars in thousands)  
    (Unaudited)  
      3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024  
    Nonperforming Assets            
                 
    New York and other states*            
    Loans in nonaccrual status:            
    Commercial $ 688   $ 343   $ 466   $ 741   $ 532    
    Real estate mortgage – 1 to 4 family   14,795     14,671     15,320     14,992     14,359    
    Installment   139     108     163     131     149    
    Total non-accrual loans   15,622     15,122     15,949     15,864     15,040    
    Other nonperforming real estate mortgages – 1 to 4 family   –     –     –     –     –    
    Total nonperforming loans   15,622     15,122     15,949     15,864     15,040    
    Other real estate owned   2,107     2,175     2,503     2,334     2,334    
    Total nonperforming assets $ 17,729   $ 17,297   $ 18,452   $ 18,198   $ 17,374    
                 
    Florida            
    Loans in nonaccrual status:            
    Commercial $ –   $ –   $ 314   $ 314   $ 314    
    Real estate mortgage – 1 to 4 family   3,135     3,656     3,176     2,985     2,921    
    Installment   3     22     5     22     –    
    Total non-accrual loans   3,138     3,678     3,495     3,321     3,235    
    Other nonperforming real estate mortgages – 1 to 4 family   –     –     –     –     –    
    Total nonperforming loans   3,138     3,678     3,495     3,321     3,235    
    Other real estate owned   –     –     –     –     –    
    Total nonperforming assets $ 3,138   $ 3,678   $ 3,495   $ 3,321   $ 3,235    
                 
    Total            
    Loans in nonaccrual status:            
    Commercial $ 688   $ 343   $ 780   $ 1,055   $ 846    
    Real estate mortgage – 1 to 4 family   17,930     18,327     18,496     17,977     17,280    
    Installment   142     130     168     153     149    
    Total non-accrual loans   18,760     18,800     19,444     19,185     18,275    
    Other nonperforming real estate mortgages – 1 to 4 family   –     –     –     –     –    
    Total nonperforming loans   18,760     18,800     19,444     19,185     18,275    
    Other real estate owned   2,107     2,175     2,503     2,334     2,334    
    Total nonperforming assets $ 20,867   $ 20,975   $ 21,947   $ 21,519   $ 20,609    
                 
                 
    Quarterly Net (Recoveries) Chargeoffs            
                 
    New York and other states*            
    Commercial $ (3 ) $ 62   $ 65   $ –   $ –    
    Real estate mortgage – 1 to 4 family   41     (316 )   104     (74 )   (78 )  
    Installment   4     41     11     (2 )   36    
    Total net chargeoffs (recoveries) $ 42   $ (213 ) $ 180   $ (76 ) $ (42 )  
                 
    Florida            
    Commercial $ (315 ) $ 314   $ –   $ –   $ –    
    Real estate mortgage – 1 to 4 family   –     –     –     17     –    
    Installment   15     1     42     7     –    
    Total net (recoveries) chargeoffs $ (300 )  $ 315   $ 42   $ 24   $ –    
                 
    Total            
    Commercial $ (318 )  $ 376   $ 65   $ –   $ –    
    Real estate mortgage – 1 to 4 family   41     (316 )   104     (57 )   (78 )  
    Installment   19     42     53     5     36    
    Total net (recoveries) chargeoffs $ (258 )  $ 102   $ 222   $ (52 ) $ (42 )  
                 
                 
    Asset Quality Ratios            
                 
    Total nonperforming loans (1) $ 18,760   $ 18,800   $ 19,444   $ 19,185   $ 18,275    
    Total nonperforming assets (1)   20,867     20,975     21,947     21,519     20,609    
    Total net (recoveries) chargeoffs (2)   (258 )    102     222     (52 )   (42 )  
                 
    Allowance for credit losses on loans (1)   50,606     50,248     49,950     49,772     49,220    
                 
    Nonperforming loans to total loans   0.37 %   0.37 %   0.38 %   0.38 %   0.37 %  
    Nonperforming assets to total assets   0.33 %   0.34 %   0.36 %   0.35 %   0.33 %  
    Allowance for credit losses on loans to total loans   0.99 %   0.99 %   0.99 %   0.99 %   0.98 %  
    Coverage ratio (1)   269.8 %   267.3 %   256.9 %   259.4 %   269.3 %  
    Annualized net (recoveries) chargeoffs to average loans (2)   -0.02 %   0.01 %   0.02 %   0.00 %   0.00 %  
    Allowance for credit losses on loans to annualized net chargeoffs (2)   N/A     123.2x     56.3x     N/A     N/A    
       
    * Includes New York, New Jersey, Vermont and Massachusetts.  
    (1) At period-end  
    (2) For the three-month period ended  
       
    DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS’ EQUITY –
    INTEREST RATES AND INTEREST DIFFERENTIAL
     
    (dollars in thousands)                      
    (Unaudited) Three months ended     Three months ended  
      March 31, 2025     March 31, 2024  
      Average   Interest Average     Average   Interest Average  
      Balance     Rate     Balance     Rate  
    Assets                      
                           
    Securities available for sale:                      
    U. S. government sponsored enterprises $ 74,680     $ 596 3.19 %   $ 125,973     $ 906 2.88 %
    Mortgage backed securities and collateralized mortgage                    
    obligations – residential   239,509       1,483 2.46       258,814       1,494 2.30  
    State and political subdivisions   18       – 6.77       26       0 6.90  
    Corporate bonds   40,019       260 2.60       73,625       476 2.59  
    Small Business Administration – guaranteed                      
    participation securities   15,003       81 2.15       18,224       100 2.20  
    Other   699       7 4.01       696       3 1.72  
                           
    Total securities available for sale   369,928       2,427 2.62       477,358       2,979 2.50  
                           
    Federal funds sold and other short-term Investments   613,646       6,732 4.45       497,652       6,750 5.45  
                           
    Held to maturity securities:                      
    Mortgage backed securities and collateralized mortgage                    
    obligations – residential   5,233       57 4.34       6,329       68 4.30  
                           
    Total held to maturity securities   5,233       57 4.34       6,329       68 4.30  
                           
    Federal Home Loan Bank stock   6,507       151 9.28       6,203       152 9.80  
                           
    Commercial loans   297,926       4,165 5.59       277,183       3,661 5.28  
    Residential mortgage loans   4,385,646       42,614 3.89       4,359,476       40,415 3.71  
    Home equity lines of credit   413,981       6,435 6.30       353,004       5,464 6.22  
    Installment loans   12,967       236 7.37       16,128       264 6.58  
                           
    Loans, net of unearned income   5,110,520       53,450 4.19       5,005,791       49,804 3.98  
                           
    Total interest earning assets   6,105,834     $ 62,817 4.13       5,993,333     $ 59,753 3.99  
                           
    Allowance for credit losses on loans   (50,475 )             (48,824 )        
    Cash & non-interest earning assets   201,154               185,230          
                           
                           
    Total assets $ 6,256,513             $ 6,129,739          
                           
                           
    Liabilities and shareholders’ equity                      
                           
    Deposits:                      
    Interest bearing checking accounts $ 1,038,218     $ 558 0.22 %   $ 990,130     $ 240 0.10 %
    Money market accounts   469,070       1,989 1.72       544,687       2,342 1.73  
    Savings   1,089,358       734 0.27       1,158,558       712 0.25  
    Time deposits   2,054,494       18,984 3.75       1,889,929       19,677 4.19  
                           
    Total interest bearing deposits   4,651,140       22,265 1.94       4,583,304       22,971 2.02  
    Short-term borrowings   83,207       180 0.88       93,316       204 0.88  
                           
    Total interest bearing liabilities   4,734,347     $ 22,445 1.92       4,676,620     $ 23,175 1.99  
                           
    Demand deposits   761,800               726,299          
    Other liabilities   78,748               80,158          
    Shareholders’ equity   681,618               646,662          
                           
    Total liabilities and shareholders’ equity $ 6,256,513             $ 6,129,739          
                           
    Net interest income     $ 40,372           $ 36,578    
                           
    Net interest spread       2.21 %         2.00 %
                           
                           
    Net interest margin (net interest income to                      
    total interest earning assets)       2.64 %         2.44 %
                           

    Non-GAAP Financial Measures Reconciliation

    Tangible book value per share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible book value by excluding the balance of intangible assets from total shareholders’ equity divided by shares outstanding. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Additionally, we believe that this measure is important to many investors in the marketplace who are interested in relative changes from period to period in equity exclusive of changes in intangible assets.

    Tangible equity as a percentage of tangible assets at period end is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from total shareholders’ equity and total assets, respectively. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Additionally, we believe that this measure is important to many investors in the marketplace who are interested in relative changes from period to period in equity and total assets, each exclusive of changes in intangible assets.

    Adjusted efficiency ratio is a non-GAAP measures of expense control relative to revenue from net interest income and non-interest fee income. We calculate the efficiency ratio by dividing total non-interest expense by the sum of net interest income and total non-interest income. We calculate the adjusted efficiency ratio by dividing total noninterest expenses as determined under GAAP, excluding other real estate expense, net, by net interest income and total noninterest income as determined under GAAP. We believe that this provides a reasonable measure of primary banking expenses relative to primary banking revenue. Additionally, we believe this measure is important to investors looking for a measure of efficiency in our productivity measured by the amount of revenue generated for each dollar spent.

    We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial results. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies. A reconciliation of the non-GAAP measures of tangible book value to shares outstanding, tangible equity as a percentage of tangible assets, and efficiency ratio to the most directly comparable GAAP measures is set forth below.  

    NON-GAAP FINANCIAL MEASURES RECONCILIATION        
             
    (dollars in thousands)        
    (Unaudited)        
        3/31/2025 12/31/2024 3/31/2024
    Tangible Book Value Per Share        
             
    Equity (GAAP)   $ 687,808   $ 676,343   $ 649,190  
    Less: Intangible assets     553     553     553  
    Tangible equity (Non-GAAP)   $ 687,255   $ 675,790   $ 648,637  
             
    Shares outstanding     19,020     19,020     19,024  
    Tangible book value per share     36.13     35.53     34.10  
    Book value per share     36.16     35.56     34.12  
             
    Tangible Equity to Tangible Assets        
    Total Assets (GAAP)   $ 6,338,545   $ 6,238,744   $ 6,179,570  
    Less: Intangible assets     553     553     553  
    Tangible assets (Non-GAAP)   $ 6,337,992   $ 6,238,191   $ 6,179,017  
             
    Equity to Assets (GAAP)     10.85 %   10.84 %   10.51 %
    Tangible Equity to Tangible Assets (Non-GAAP)     10.84 %   10.83 %   10.50 %
             
        Three months ended
    Efficiency and Adjusted Efficiency Ratios   3/31/2025 12/31/2024 3/31/2024
             
    Net interest income (GAAP) A $ 40,373   $ 38,902   $ 36,578  
    Non-interest income (GAAP) B   4,974     4,409     4,843  
    Revenue used for efficiency ratio (GAAP) C $ 45,347   $ 43,311   $ 41,421  
             
    Total noninterest expense (GAAP) D $ 26,329   $ 28,165   $ 24,903  
    Less: Other real estate expense, net E   28     476     74  
    Expense used for efficiency ratio (Non-GAAP) F $ 26,301   $ 27,689   $ 24,829  
             
    Efficiency Ratio (GAAP) D/C   58.06 %   65.03 %   59.94 %
    Adjusted Efficiency Ratio (Non-GAAP) F/C   58.00 %   63.93 %   59.94 %
             
    Subsidiary:   Trustco Bank
         
    Contact:   Robert Leonard
        Executive Vice President
        (518) 381-3693

    The MIL Network –

  • MIL-OSI: MiddleGround Capital Promotes Jordan Gabbert to Head of Investor Relations

    Source: GlobeNewswire (MIL-OSI)

    LEXINGTON, Ky., April 21, 2025 (GLOBE NEWSWIRE) — MiddleGround Capital (“MiddleGround”), an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, today announced that it has promoted Jordan Gabbert to Head of Investor Relations. She will continue to work from the firm’s Lexington office, reporting to John Stewart, Founding and Managing Partner of MiddleGround.

    In this role, Jordan will oversee all aspects of investor engagement and outreach, including fundraising and investor communications. She will communicate the firm’s investment considerations to its limited partners and other constituents, collaborating with MiddleGround’s investment professionals and team members to provide reporting and services to the firm’s investors.

    “Since joining MiddleGround four years ago, Jordan has continually impressed our team and our limited partners with her deep knowledge of this industry and the needs of institutional investors,” said Stewart. “This promotion reflects the great work and service she has provided, and we are excited to empower her to build on this momentum so that we continue meeting the needs of current and prospective investors.”

    Jordan joined MiddleGround in 2020 as a member of the Operations Team and transitioned to Investor Relations in 2023, where she has since taken on roles of increasing responsibility. Prior to joining MiddleGround, she held various positions in financial recruiting, business development, and financial analysis within the manufacturing sector.

    “I’m very grateful to John and the MiddleGround family for this opportunity,” said Gabbert. “As we work to deliver long term value to our stakeholders, I am looking forward to communicating the MiddleGround story to our ever-growing network of investors.”

    Jordan graduated from the University of Kentucky and earned undergraduate degrees in Management and Accounting, and her MBA from Midway University.

    About MiddleGround Capital
    MiddleGround Capital is a private equity firm based in Lexington, Kentucky with over $3.85 billion of assets under management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. For more information, please visit: https://middleground.com/.

    MiddleGround Capital Media Contacts
    Doug Allen/Maya Hanowitz
    Dukas Linden Public Relations
    MiddleGround@dlpr.com
    +1 (646) 722-6530

    The MIL Network –

  • MIL-OSI: Capital Southwest Announces Receipt of Second SBIC License

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 21, 2025 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its wholly owned subsidiary, Capital Southwest SBIC II, LP (“SBIC II”), has received a license from the U.S. Small Business Administration (“SBA”) to operate as a Small Business Investment Company (“SBIC”).

    As an SBIC, SBIC II will be subject to a variety of regulations and oversight by the SBA concerning, among other things, the size and nature of the companies in which it may invest as well as the structure of those investments. The SBIC license will allow SBIC II to obtain leverage by issuing SBA-guaranteed debentures, subject to the issuance of a leverage commitment by the SBA. SBA debentures are loans issued to an SBIC which have interest payable semi-annually and a ten-year maturity. The interest rate is fixed shortly after issuance at a market-driven spread over U.S. Treasury Notes with ten-year maturities. Current SBA regulations permit SBIC II to borrow up to $175 million in SBA-guaranteed debentures, bringing Capital Southwest’s aggregate borrowing capacity through the SBIC program to a total of up to $350 million of capital.

    The SBA program has played a pivotal role within Capital Southwest’s lower middle market investment strategy since receiving its first SBIC license in April 2021. Capital Southwest received exemptive relief from the Securities and Exchange Commission that allows for the exclusion of SBA-guaranteed debentures from the definition of senior securities in the asset coverage requirement applicable to the Company.

    About Capital Southwest

    Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.7 billion in investments at fair value as of December 31, 2024. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

    Investor Relations Contact:

    Michael S. Sarner, President and Chief Executive Officer
    214-884-3829

    The MIL Network –

  • MIL-OSI: CarGurus To Report First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 21, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the quarter ended March 31, 2025, after the close of the market on May 8, 2025.

    CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on May 8, 2025. To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of the company’s website at https://investors.cargurus.com.

    An audio replay of the call will also be available to investors beginning at approximately 8:00 p.m. Eastern Time on May 8, 2025, until 11:59 p.m. Eastern Time on May 22, 2025, by dialing (844) 512-2921 for the U.S. or Canada, or (412) 317-6671 for international callers, and entering passcode 13752230. In addition, an archived webcast will be available on the Investors section of the company’s website at https://investors.cargurus.com.

    About CarGurus, Inc.

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

    In addition to the U.S. marketplace, the company operates online marketplaces under the CarGurus brand in Canada and the U.K., as well as independent online marketplace brands Autolist in the U.S. and PistonHeads in the U.K.

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

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

    1Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q4 2024, U.S.

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

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

    The MIL Network –

  • MIL-OSI: Tactile Medical to Release First Quarter of Fiscal Year 2025 Financial Results on May 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, April 21, 2025 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced that first quarter of fiscal year 2025 financial results will be released after the market closes on Monday, May 5, 2025.

    Management will host a conference call with a question and answer session at 5:00 p.m. Eastern Time on May 5, 2025, to discuss the results of the quarter. Those who would like to participate may dial 877-407-3088 (201-389-0927 for international callers) and provide access code 13752588. A live webcast of the call will also be provided on the investor relations section of the Company’s website at investors.tactilemedical.com.

    For those unable to participate, a replay of the call will be available for two weeks at 877-660-6853 (201-612-7415 for international callers); access code 13752588. The webcast will be archived at investors.tactilemedical.com.

    About Tactile Systems Technology, Inc. (DBA Tactile Medical)

    Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. Tactile Medical collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.

    Investor Inquiries:
    Sam Bentzinger
    Gilmartin Group
    investorrelations@tactilemedical.com

    The MIL Network –

  • MIL-OSI: Climb Global Solutions Appoints Paul Giovacchini to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., April 21, 2025 (GLOBE NEWSWIRE) — Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that the Company’s Board of Directors (the “Board”) has elected Paul Giovacchini to the Board. With the election of Mr. Giovacchini, Climb’s Board increased to seven total members, six of whom are independent under the Nasdaq listing standards.

    Mr. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership across public and private companies. He currently serves as the Lead Independent Director of TPI Composites, Inc. (NASDAQ:TPIC), where he previously served as Chairman and helped lead the company’s transformation into a global public enterprise. Mr. Giovacchini also serves as an independent consulting advisor to Advantage Capital Management, supporting private equity and debt investment strategies. Mr. Giovacchini holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School.

    “Paul brings a wealth of executive leadership, investment expertise, and operational insight to our Board,” said John McCarthy, Chairman of the Board. “His extensive experience across public and private enterprises, coupled with his strong financial background, will be invaluable as we continue to strengthen our operational foundation and advance our organic and inorganic growth initiatives.”

    Mr. Giovacchini stated, “Climb has built an impressive platform in the global IT channel, distinguished by its strong partnerships and consistent execution. As the Company enters its next chapter of growth, I’m honored to join the Board and contribute to its continued success. I look forward to leveraging my experience in governance, finance, and global expansion to support Climb’s long-term vision both domestically and abroad.”

    About Climb Global Solutions

    Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

    Additional information can be found by visiting www.climbglobalsolutions.com.

    Forward-Looking Statements

    The statements in this release, other than statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements are subject to certain risks and uncertainties. Many of the forward-looking statements may be identified by words such as ”look forward,” “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. In this press release, the forward-looking statements relate to, among other things, declaring and reaffirming our strategic goals, future operating results, and the effects and potential benefits of the strategic acquisition on our business. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include, without limitation, statements concerning our plans and expectations in connection with the addition to the Board and other plans and expectations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described in the section entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and from time to time in the Company’s filings with the Securities and Exchange Commission.

    Company Contact

    Matthew Sullivan
    Chief Financial Officer
    (732) 847-2451
    MatthewS@ClimbCS.com

    Investor Relations Contact

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    (720) 330-2829
    CLMB@elevate-ir.com

    The MIL Network –

  • MIL-OSI: Kaltura to Announce Financial Results for First Quarter 2025 on Thursday, May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) — Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced it will release its first quarter financial results for the period ended March 31, 2025, before market open on Thursday, May 8, 2025.

    Management will host a conference call to review the Company’s first quarter 2025 financial results and discuss the financial outlook.

    Date: Thursday, May 8, 2025
    Time: 8:00 a.m. ET
    United States/Canada Toll Free: 1-877-407-0789
    International Toll: +1-201-689-8562
       

    A live and archived webcast will be available in the Investor Relations section of Kaltura’s website at: https://investors.kaltura.com/news-and-events/events

    About Kaltura
    Kaltura’s mission is to create and power AI-infused hyper-personalized video experiences that boost customer and employee engagement and success. Kaltura’s AI Video Experience Cloud includes a platform for enterprise and TV content management and a wide array of Gen AI-infused video-first products, including Video Portals, LMS and CMS Video Extensions, Virtual Events and Webinars, Virtual Classrooms, and TV Streaming Applications. Kaltura engages millions of end-users at home, at work, and at school, boosting both customer and employee experiences, including marketing, sales, and customer success; teaching, learning, training and certification; communication and collaboration; and entertainment and monetization. For more information, visit www.corp.kaltura.com.

    Investor Contacts:
    Kaltura, Inc.
    John Doherty
    Chief Financial Officer
    IR@Kaltura.com

    Sapphire Investor Relations, LLC
    Erica Mannion and Michael Funari
    IR@Kaltura.com
    +1-617-542-6180

    Media Contacts:
    Kaltura, Inc.
    Nohar Zmora
    pr.team@kaltura.com

    Headline Media
    Raanan Loew
    raanan@headline.media
    +1-347-897-9276

    The MIL Network –

  • MIL-OSI: NorthEast Community Bancorp, Inc. Reports Results for the Three Months Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    WHITE PLAINS, N.Y., April 21, 2025 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), generated net income of $10.6 million, or $0.80 per basic share and $0.78 per diluted share, for the three months ended March 31, 2025 compared to net income of $11.4 million, or $0.87 per basic share and $0.86 per diluted share, for the three months ended March 31, 2024.

    Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated, “We are, once again, pleased to report another quarter of strong earnings due to the excellent performance of our loan portfolio. Despite the challenging economic operating environment thus far in 2025, loan demand is strong with originations and outstanding commitments robust and increasing. As in the past, construction lending in high demand-high absorption areas continues to be our focus.”

    Highlights for the three months ended March 31, 2025 are as follows:

    • Performance metrics continue to be strong at March 31, 2025, with a return on average total assets ratio of 2.12%, a return on average shareholders’ equity ratio of 12.98%, and an efficiency ratio of 41.64%.
    • Asset quality metrics continued to remain strong with no non-performing loans at either March 31, 2025 or December 31, 2024, and non-performing assets to total assets of 0.26% and 0.25% at March 31, 2025 and at December 31, 2024, respectively. Our allowance for credit losses related to loans totaled $5.1 million, or 0.30% of total loans at March 31, 2025 compared to $4.9 million, or 0.27% of total loans at December 31, 2024.
    • We increased total stockholders’ equity by $8.9 million, or 2.8%, to $327.2 million, or 16.92% of total assets as of March 31, 2025 from $318.3 million, or 15.84% of total assets as of December 31, 2024.

    Balance Sheet Summary

    Total assets decreased $76.2 million, or 3.8%, to $1.9 billion at March 31, 2025, from $2.0 billion at December 31, 2024. The decrease in assets was primarily due to decreases in net loans of $87.3 million and decreases of $1.0 million in accrued interest receivable, partially offset by increases in cash and cash equivalents of $11.2 million and increases of $1.3 million in equity securities.

    Cash and cash equivalents increased $11.2 million, or 14.3%, to $89.5 million at March 31, 2025 from $78.3 million at December 31, 2024. The increase in cash and cash equivalents was a result of a decrease of $87.3 million in net loans and an increase of $8.9 million in stockholders’ equity, partially offset by a decrease in deposits of $84.4 million.

    Equity securities increased $1.3 million, or 5.9%, to $23.3 million at March 31, 2025 from $22.0 million at December 31, 2024. The increase in equity securities was attributable to the purchase of $1.0 million in equity securities during the three months ended March 31, 2025 and market appreciation of $300,000 due to market interest rate volatility during the quarter ended March 31, 2025.

    Securities held-to-maturity decreased $129,000, or 0.9%, to $14.5 million at March 31, 2025 from $14.6 million at December 31, 2024 due to $129,000 in maturities and pay-downs of various investment securities.

    Loans, net of the allowance for credit losses, decreased $87.3 million, or 4.8%, to $1.7 billion at March 31, 2025 from $1.8 billion at December 31, 2024. The decrease in loans consisted of decreases of $138.9 million in construction loans, $248,000 in non-residential loans, and $36,000 in one-to-four family loans. The decrease in our construction loan portfolio was due to normal pay-downs and principal reductions as construction projects were completed and either condominium units were sold to end buyers or multi-family rental buildings were refinanced by other financial institutions. The decrease in construction loans was offset by increases of $46.4 million in multi-family loans, $4.4 million in commercial and industrial loans, and $1.5 million in consumer loans.

    During the quarter ended March 31, 2025, we originated loans totaling $170.1 million consisting primarily of $110.2 million in construction loans, $49.1 million in multi-family loans, $10.1 million in commercial and industrial loans, and $730,000 in mixed-use loans. The $110.2 million in construction loans had 38.4% disbursed at loan closing, with the remaining funds to be disbursed over the terms of the construction loans.

    The allowance for credit losses related to loans increased to $5.1 million as of March 31, 2025, from $4.8 million as of December 31, 2024. The increase in the allowance for credit losses related to loans was due to recoveries totaling $352,000 and provision for credit losses totaling $62,000, offset by charge-offs totaling $117,000.

    Premises and equipment increased $84,000, or 0.3%, to $24.9 million at March 31, 2025 from $24.8 million at December 31, 2024 primarily due to the purchases of additional fixed assets.

    Federal Home Loan Bank stock was $397,000, foreclosed real estate was $5.1 million, and property held for investment was $1.4 million at both March 31, 2025 and December 31, 2024.

    Bank owned life insurance (“BOLI”) increased $167,000, or 0.6%, to $25.9 million at March 31, 2025 from $25.7 million at December 31, 2024 due to increases in the BOLI cash value.

    Accrued interest receivable decreased $1.0 million, or 7.9%, to $12.4 million at March 31, 2025 from $13.5 million at December 31, 2024 due to a decrease in the loan portfolio.

    Right of use assets — operating decreased $145,000, or 3.6%, to $3.9 million at March 31, 2025 from $4.0 million at December 31, 2024, primarily due to amortization.

    Other assets decreased $328,000, or 2.8%, to $11.3 million at March 31, 2025 from $11.6 million at December 31, 2024 due to decreases of $1.7 million in tax assets and $10,000 in miscellaneous assets, partially offset by increases of $1.1 million in suspense accounts and $263,000 in prepaid expenses.

    Total deposits decreased $84.4 million, or 5.1%, to $1.6 billion at March 31, 2025 from $1.7 billion at December 31, 2024. The decrease in deposits was primarily due to decreases in certificates of deposit of $125.1 million, or 12.5%, and non-interest bearing deposits of $9.9 million, or 3.5%, partially offset by increases in NOW/money market accounts of $45.9 million, or 18.8%, and savings account balances of $3.3 million, or 2.4%. The decrease of $125.1 million in certificates of deposit consisted of a decrease in retail certificates of deposit of $76.0 million, or 14.8%, and a decrease in brokered certificates of deposit of $54.8 million, or 12.6%, partially offset by an increase in non-brokered listing services certificates of deposit of $5.7 million, or 17.0%.

    The decrease in retail certificates of deposit was due to a shift in deposits to our retail high yield money market accounts. The decrease in brokered certificates of deposit was due to management’s strategy to reduce the cost of funds by “calling” higher rate brokered deposits on their call dates.

    Advance payments by borrowers for taxes and insurance increased $680,000, or 42.0%, to $2.3 million at March 31, 2025 from $1.6 million at December 31, 2024 due primarily to accumulation of real estate tax payments from borrowers.

    Lease liability – operating decreased $136,000, or 3.3%, to $4.0 million at March 31, 2025 from $4.1 million at December 31, 2024, primarily due to amortization.

    Accounts payable and accrued expenses decreased $1.3 million, or 8.7%, to $13.3 million at March 31, 2025 from $14.5 million at December 31, 2024 due primarily to a decrease in accrued expense of $2.8 million, partially offset by increases in dividends payable and other payables of $806,000, suspense accounts for loan closings of $346,000, and deferred compensation of $167,000. The allowance for credit losses for off-balance sheet commitments increased $175,000, or 24.8%, to $879,000 at March 31, 2025 from $704,000 at December 31, 2024 due primarily to an increase of $101.4 million, or 18.0%, in off-balance sheet commitments.

    Stockholders’ equity increased $8.9 million, or 2.8% to $327.2 million at March 31, 2025, from $318.3 million at December 31, 2024. The increase in stockholders’ equity was due to net income of $10.6 million for the quarter ended March 31, 2025, an increase of $302,000 in earned employee stock ownership plan shares coupled with a reduction of $217,000 in unearned employee stock ownership plan shares, and the amortization expense of $478,000 relating to restricted stock and stock options granted under the Company’s 2022 Equity Incentive Plan, partially offset by dividends declared of $2.7 million and $13,000 in other comprehensive loss.

    Results of Operations for the Three Months Ended March 31, 2025 and 2024

    Net Interest Income

    Net interest income was $24.3 million for the three months ended March 31, 2025, as compared to $25.0 million for the three months ended March 31, 2024. The decrease in net interest income of $722,000, or 2.9%, was primarily due to an increase in interest expense that exceeded an increase in interest income and a decrease in the yield on interest earning assets that exceeded a decrease in the cost of funds for interest bearing liabilities.

    Total interest and dividend income increased $86,000, or 0.2%, to $38.2 million for the three months ended March 31, 2025 from $38.1 million for the three months ended March 31, 2024. The increase in interest and dividend income was due to an increase in the average balance of interest earning assets of $159.9 million, or 9.2%, to $1.9 billion for the three months ended March 31, 2025 from $1.7 billion for the three months ended March 31, 2024, partially offset by a decrease in the yield on interest earning assets by 72 basis points from 8.77% for the three months ended March 31, 2024 to 8.05% for the three months ended March 31, 2025.

    Interest expense increased $808,000, or 6.2%, to $13.9 million for the three months ended March 31, 2025 from $13.1 million for the three months ended March 31, 2024. The increase in interest expense was due to an increase in average interest bearing liabilities of $149.7 million, or 12.2%, to $1.4 billion for the three months ended March 31, 2025 from $1.2 billion for the three months ended March 31, 2024, partially offset by a decrease in the cost of interest bearing liabilities by 24 basis points from 4.29% for the three months ended March 31, 2024 to 4.05% for the three months ended March 31, 2025.

    Our net interest margin decreased 64 basis points, or 11.1%, to 5.11% for the three months ended March 31, 2025 compared to 5.75% for the three months ended March 31, 2024. The decrease in the net interest margin was due to a decrease in the yield on interest-earning assets that exceeded a decrease in the cost of funds on interest-bearing liabilities.

    Credit Loss Expense

    The Company recorded a credit loss expense of $237,000 for the three months ended March 31, 2025 compared to a credit loss expense reduction of $165,000 for the three months ended March 31, 2024. The credit loss expense of $237,000 for the three months ended March 31, 2025 was comprised of credit loss expense for loans of $62,000 and credit loss expense for off-balance sheet commitments of $175,000.

    The credit loss expense for loans of $62,000 for the three months ended March 31, 2025 was primarily due to an increase in the multi-family loan portfolio. The credit loss expense for off-balance sheet commitments of $175,000 for the three months ended March 31, 2025 was primarily due to an increase in unfunded off-balance sheet commitments.

    The credit loss expense reduction of $165,000 for the three months ended March 31, 2024 was comprised of a credit loss expense reduction for loans of $145,000, a credit loss expense reduction for held-to-maturity investment securities of $3,000, and a credit loss expense reduction for off-balance sheet commitments of $17,000. The credit loss expense reduction for loans of $145,000 for the three months ended March 31, 2024 was primarily attributed to favorable trend in the economy.

    With respect to the allowance for credit losses for loans, we charged-off $117,000 during the three months ended March 31, 2025 as compared to charge-offs of $21,000 during the three months ended March 31, 2024. The charge-offs during both periods were against various unpaid overdrafts in our demand deposit accounts.

    We recorded recoveries of $352,000 during the three months ended March 31, 2025 compared to no recoveries during the three months ended March 31, 2024. The recoveries of $352,000 during the three months ended March 31, 2025 comprised of recoveries of $350,000 regarding a previously charged-off non-residential mortgage loan and $2,000 from a previously charged-off unpaid overdraft on a demand deposit account.

    Non-Interest Income

    Non-interest income for the three months ended March 31, 2025 was $1.2 million compared to non-interest income of $554,000 for the three months ended March 31, 2024. The increase of $681,000, or 122.9%, in total non-interest income was primarily due to increases of $382,000 in unrealized gain/(loss) on equity securities, $278,000 in other loan fees and service charges, $11,000 in miscellaneous other non-interest income, and $10,000 in BOLI income.

    The increase in unrealized gain/(loss) on equity securities was due to an unrealized gain of $300,000 on equity securities during the three months ended March 31, 2025 compared to an unrealized loss of $82,000 on equity securities during the three months ended March 31, 2024. The unrealized gain of $300,000 on equity securities during the three months ended March 31, 2025 was due to market interest rate volatility during the three months ended March 31, 2025.

    The increase of $278,000 in other loan fees and service charges was due to an increase of $245,000 in other loan fees and loan servicing fees, an increase of $31,000 in ATM/debit card/ACH fees, and an increase of $2,000 in deposit account fees.

    The increase in BOLI income of $10,000 was due to an increase in the yield on BOLI assets.

    Non-Interest Expense

    Non-interest expense increased $938,000, or 9.7%, to $10.6 million for the three months ended March 31, 2025 from $9.7 million for the three months ended March 31, 2024. The increase resulted primarily from increases of $582,000 in salaries and employee benefits, $221,000 in other operating expense, $98,000 in outside data processing expense, $40,000 in occupancy expense, $19,000 in real estate owned expense, and $14,000 in advertising expense, partially offset by a decrease of $36,000 in equipment expense.

    Income Taxes

    We recorded income tax expense of $4.1 million and $4.7 million for the three months ended March 31, 2025 and 2024, respectively. For the three months ended March 31, 2025, we had approximately $204,000 in tax exempt income, compared to approximately $195,000 in tax exempt income for the three months ended March 31, 2024. Our effective income tax rates were 27.8% for the three months ended March 31, 2025 compared to 29.0% for the three months ended March 31, 2024.

    Asset Quality

    Non-performing assets were $5.1 million at March 31, 2025 and December 31, 2024, respectively. These non-performing assets consisted of two foreclosed properties, with one foreclosed property totaling $4.4 million located in the Bronx, New York and one foreclosed property totaling $767,000 located in Pittsburgh, Pennsylvania.

    Our ratio of non-performing assets to total assets remained low at 0.26% at March 31, 2025 as compared to 0.25% at December 31, 2024.

    The Company’s allowance for credit losses related to loans was $5.1 million, or 0.30% of total loans as of March 31, 2025, compared to $4.8 million, or 0.27% of total loans as of December 31, 2024. Based on a review of the loans that were in the loan portfolio at March 31, 2025, management believes that the allowance for credit losses related to loans is maintained at a level that represents its best estimate of inherent losses in the loan portfolio that were both probable and reasonably estimable.

    In addition, at March 31, 2025, the Company’s allowance for credit losses related to off-balance sheet commitments totaled $879,000 and the allowance for credit losses related to held-to-maturity debt securities totaled $126,000.

    Capital

    The Company’s total stockholders’ equity to assets ratio was 16.92% as of March 31, 2025. At March 31, 2025, the Company had the ability to borrow $941.3 million from the Federal Reserve Bank of New York, $15.5 million from the Federal Home Loan Bank of New York, and $8.0 million from Atlantic Community Bankers Bank.

    The Bank’s capital position remains strong relative to current regulatory requirements and the Bank is considered a well-capitalized institution under the Prompt Corrective Action framework. As of March 31, 2025, the Bank had a tier 1 leverage capital ratio of 15.09% and a total risk-based capital ratio of 15.10%.

    The Company completed its first stock repurchase program on April 14, 2023 whereby the Company repurchased 1,637,794 shares, or 10%, of the Company’s issued and outstanding common stock. The cost of the stock repurchase program totaled $23.0 million, including commission costs and Federal excise taxes. Of the total shares repurchased under this program, 957,275 of such shares were repurchased during 2023 at a total cost of $13.7 million, including commission costs and Federal excise taxes.

    The Company commenced its second stock repurchase program on May 30, 2023 whereby the Company will repurchase 1,509,218, or 10%, of the Company’s issued and outstanding common stock. As of March 31, 2025, the Company had repurchased 1,091,174 shares of common stock under its second repurchase program, at a cost of $17.2 million, including commission costs and Federal excise taxes.

    About NorthEast Community Bancorp

    NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.

    Forward Looking Statement

    This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation or recessionary conditions and their impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

    CONTACT:   Kenneth A. Martinek
        Chairman and Chief Executive Officer
         
    PHONE:   (914) 684-2500
     
    NORTHEAST COMMUNITY BANCORP, INC.
    CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
    (Unaudited)
                 
        March 31,   December 31,
        2025   2024
        (In thousands, except share
        and per share amounts)
    ASSETS            
    Cash and amounts due from depository institutions   $ 11,524     $ 13,700  
    Interest-bearing deposits     77,934       64,559  
    Total cash and cash equivalents     89,458       78,259  
    Certificates of deposit     100       100  
    Equity securities     23,294       21,994  
    Securities held-to-maturity ( net of allowance for credit losses of $126 and $126, respectively )     14,487       14,616  
    Loans receivable     1,725,664       1,812,647  
    Deferred loan fees, net     (63 )     (49 )
    Allowance for credit losses     (5,127 )     (4,830 )
    Net loans     1,720,474       1,807,768  
    Premises and equipment, net     24,889       24,805  
    Investments in restricted stock, at cost     397       397  
    Bank owned life insurance     25,905       25,738  
    Accrued interest receivable     12,432       13,481  
    Real estate owned     5,120       5,120  
    Property held for investment     1,361       1,370  
    Right of Use Assets – Operating     3,856       4,001  
    Right of Use Assets – Financing     346       347  
    Other assets     11,257       11,585  
    Total assets   $ 1,933,376     $ 2,009,581  
    LIABILITIES AND STOCKHOLDERS’ EQUITY            
    Liabilities:            
    Deposits:            
    Non-interest bearing   $ 278,694     $ 287,135  
    Interest bearing     1,307,321       1,383,240  
    Total deposits     1,586,015       1,670,375  
    Advance payments by borrowers for taxes and insurance     2,298       1,618  
    Lease Liability – Operating     3,972       4,108  
    Lease Liability – Financing     619       609  
    Accounts payable and accrued expenses     13,262       14,530  
    Total liabilities     1,606,166       1,691,240  
                 
    Stockholders’ equity:            
    Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding   $ —     $ —  
    Common stock, $0.01 par value; 75,000,000 shares authorized; 14,023,376 shares and 14,016,254 shares outstanding, respectively     140       140  
    Additional paid-in capital     110,871       110,091  
    Unearned Employee Stock Ownership Plan (“ESOP”) shares     (5,870 )     (6,088 )
    Retained earnings     221,858       213,974  
    Accumulated other comprehensive gain     211       224  
    Total stockholders’ equity     327,210       318,341  
    Total liabilities and stockholders’ equity   $ 1,933,376     $ 2,009,581  
                 
     
    NORTHEAST COMMUNITY BANCORP, INC.
    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
     
        Quarter Ended March 31,
        2025   2024
        (In thousands, except per share amounts)
    INTEREST INCOME:              
    Loans   $ 36,882     $ 36,703  
    Interest-earning deposits     1,081       1,200  
    Securities     244       218  
    Total Interest Income     38,207       38,121  
    INTEREST EXPENSE:              
    Deposits     13,933       12,394  
    Borrowings     –       731  
    Financing lease     10       10  
    Total Interest Expense     13,943       13,135  
    Net Interest Income     24,264       24,986  
    Provision for (reversal of) credit loss     237       (165 )
    Net Interest Income after Provision for (Reversal of) Credit Loss     24,027       25,151  
    NON-INTEREST INCOME:              
    Other loan fees and service charges     740       462  
    Earnings on bank owned life insurance     167       157  
    Unrealized gain (loss) on equity securities     300       (82 )
    Other     28       17  
    Total Non-Interest Income     1,235       554  
    NON-INTEREST EXPENSES:              
    Salaries and employee benefits     5,933       5,351  
    Occupancy expense     747       707  
    Equipment     217       253  
    Outside data processing     735       637  
    Advertising     102       88  
    Real estate owned expense     30       11  
    Other     2,855       2,634  
    Total Non-Interest Expenses     10,619       9,681  
    INCOME BEFORE PROVISION FOR INCOME TAXES     14,643       16,024  
    PROVISION FOR INCOME TAXES     4,076       4,650  
    NET INCOME   $ 10,567     $ 11,374  
                   
     
    NORTHEAST COMMUNITY BANCORP, INC.
    SELECTED CONSOLIDATED FINANCIAL DATA
    (Unaudited)
     
        Quarter Ended March 31,
        2025   2024
        (In thousands, except per share amounts)
    Per share data:            
    Earnings per share – basic   $ 0.80     $ 0.87  
    Earnings per share – diluted     0.78       0.86  
    Weighted average shares outstanding – basic     13,192       13,118  
    Weighted average shares outstanding – diluted     13,560       13,191  
    Performance ratios/data:            
    Return on average total assets     2.12 %     2.50 %
    Return on average shareholders’ equity     12.98 %     15.88 %
    Net interest income   $ 24,264     $ 24,986  
    Net interest margin     5.11 %     5.75 %
    Efficiency ratio     41.64 %     37.91 %
    Net charge-off ratio     (0.05 )%     0.00 %
                 
    Loan portfolio composition:     March 31, 2025     December 31, 2024
    One-to-four family   $ 3,436     $ 3,472  
    Multi-family     253,018       206,606  
    Mixed-use     26,572       26,571  
    Total residential real estate     283,026       236,649  
    Non-residential real estate     29,198       29,446  
    Construction     1,287,225       1,426,167  
    Commercial and industrial     123,113       118,736  
    Consumer     3,102       1,649  
    Gross loans     1,725,664       1,812,647  
    Deferred loan fees, net     (63 )     (49 )
    Total loans   $ 1,725,601     $ 1,812,598  
    Asset quality data:            
    Loans past due over 90 days and still accruing   $ –     $ –  
    Non-accrual loans     –       –  
    OREO property     5,120       5,120  
    Total non-performing assets   $ 5,120     $ 5,120  
                 
    Allowance for credit losses to total loans     0.30 %     0.27 %
    Allowance for credit losses to non-performing loans     0.00 %     0.00 %
    Non-performing loans to total loans     0.00 %     0.00 %
    Non-performing assets to total assets     0.26 %     0.25 %
                 
    Bank’s Regulatory Capital ratios:            
    Total capital to risk-weighted assets     15.10 %     13.92 %
    Common equity tier 1 capital to risk-weighted assets     14.79 %     13.65 %
    Tier 1 capital to risk-weighted assets     14.79 %     13.65 %
    Tier 1 leverage ratio     15.09 %     14.44 %
     
    NORTHEAST COMMUNITY BANCORP, INC.
    NET INTEREST MARGIN ANALYSIS
    (Unaudited)
     
        Quarter Ended March 31, 2025   Quarter Ended March 31, 2024
        Average
    Balance    		   Interest
    and dividend    		   Average
    Yield    		   Average
    Balance    		   Interest
    and dividend    		   Average
    Yield
        (In thousands, except yield/cost information)   (In thousands, except yield/cost information)
    Loan receivable gross   $ 1,767,849     $ 36,882     8.35 %   $ 1,612,343     $ 36,703     9.11 %
    Securities     36,751       235     2.56 %     33,848       197     2.33 %
    Federal Home Loan Bank stock     397       9     9.07 %     842       21     9.98 %
    Other interest-earning assets     93,476       1,081     4.63 %     91,552       1,200     5.24 %
    Total interest-earning assets     1,898,473       38,207     8.05 %     1,738,585       38,121     8.77 %
    Allowance for credit losses     (4,827 )                 (5,091 )            
    Non-interest-earning assets     96,493                   88,859              
    Total assets   $ 1,990,139                 $ 1,822,353              
                                         
    Interest-bearing demand deposit   $ 274,630     $ 2,445     3.56 %   $ 171,483     $ 1,817     4.24 %
    Savings and club accounts     138,903       730     2.10 %     182,771       1,202     2.63 %
    Certificates of deposit     962,084       10,758     4.47 %     810,586       9,375     4.63 %
    Total interest-bearing deposits     1,375,617       13,933     4.05 %     1,164,840       12,394     4.26 %
    Borrowed money     –       10     0.00 %     61,092       741     4.85 %
    Total interest-bearing liabilities     1,375,617       13,943     4.05 %     1,225,932       13,135     4.29 %
    Non-interest-bearing demand deposit     270,874                   291,909              
    Other non-interest-bearing liabilities     18,086                   18,090              
    Total liabilities     1,664,577                   1,535,931              
    Equity     325,562                   286,422              
    Total liabilities and equity   $ 1,990,139                 $ 1,822,353              
                                         
    Net interest income / interest spread         $ 24,264     4.00 %         $ 24,986     4.48 %
    Net interest rate margin                 5.11 %                 5.75 %
    Net interest earning assets   $ 522,856                 $ 512,653              
    Average interest-earning assets                                    
    to interest-bearing liabilities     138.01 %                 141.82 %            

    The MIL Network –

  • MIL-OSI: Salary.com Unveils Agentic AI Platform for HR and Compensation

    Source: GlobeNewswire (MIL-OSI)

    Thinks, Learns, and Acts based on Vast Amounts of Compensation and HR Data;
    Uncovers and Anticipates Trends and Creates New Efficiencies

    WALTHAM, Mass., April 21, 2025 (GLOBE NEWSWIRE) — Salary.com, the global leader in compensation technology and data, today announced its agentic AI platform, the first of its kind designed specifically for HR and compensation teams. This platform leverages the power of Large Language Models (LLMs) and advanced agentic AI to automate complex HR and Compensation workflows, scale standard processes, and drive new efficiencies for Compensation and HR teams. By adding an AI platform to Salary.com’s sophisticated data foundation, HR and Compensation teams can dramatically streamline how quickly they get answers to a wide range of complex, previously time-consuming, and data-driven questions.

    While compensation has historically played a primary role in attracting and retaining top talent, its impact is fundamental to company culture, financial wellbeing, and employee engagement. Compensation remains one of the most complex functions in the HR category, necessitating accuracy, reliability, and close alignment between all functions in a company.

    “We are changing the game for HR and compensation management,” said Kent Plunkett, CEO of Salary.com. “For the first time, HR professionals can harness the power of Agentic AI to not only analyze vast amounts of compensation data but also anticipate trends, recommend strategic actions, and automate time-consuming processes. This is AI that doesn’t just assist —it thinks, learns, and acts in alignment with an organization’s compensation philosophy and business goals. Our customers rely on us as their trusted partner who keeps them competitive and provides support as they navigate an uncertain future and embrace AI.” Plunkett added, “Salary.com has been the leader in compensation technology for over 25 years. We’re once again blazing the path forward in compensation and HR Technology, making sure our customers can realize the full capabilities of AI as the technology advances.”

    Salary.com’s AI platform can instantly identify an organization’s top competitors for talent, analyze pay trends across industries, and recommend optimal pay mixes to retain key employees. Salary.com’s AI platform flexibility means HR and Compensation teams can also surface hidden job duplication, simulate job architecture adjustments, and calculate the financial impact of aligning to future minimum wage requirements.

    AI at Salary.com

    Salary.com has a long history in AI, known for producing innovative solutions to address real problems. For over 25 years, Salary.com has pioneered AI applications in compensation management while others were still learning the term. Over those years, Salary.com’s mission has never changed: deliver extraordinarily accurate compensation data, intelligence, and innovative software solutions that empower organizations to make fair, competitive, and strategic compensation decisions.

    Salary.com is committed to continuous innovation to address the critical challenges faced by HR and compensation teams. This AI platform delivers increased efficiency, lower operational costs, improved accuracy and reliability, actionable insights, compliance assurance, global scalability, and enhanced talent retention and optimization. By constantly advancing the platform, Salary.com is delivering new standards of operational efficiency and scale while maintaining the accuracy and reliability our customers expect.

    Real-World Impact: Salary.com Transforms Compensation

    Continuing its deep commitment to AI, Salary.com is revolutionizing compensation by providing both immediate answers and strategic foresight. Organizational growth strategies can be confidently advanced by quickly receiving answers to questions such as:

    • Market Intelligence & Competitive Benchmarking
      • Who am I competing against for critical talent in my markets and what is the pay mix to retain my existing talent?
      • Which of my competitors saw the largest increase in pay ranges over the past year, and for which positions?
      • What unique skills are my competitors looking for in those jobs that are critical to my organization? Which of these skills are we not considering, based on our own job descriptions?
      • If I updated all my survey sources to this year’s data, what would be the cost to adjust all pay to the new market reference point?
    • Pay Structure & Compliance Readiness
      • Show me what the minimum wage rates will be in 2026. Who will be below this limit and what is the cost to bring these employees to that minimum wage?
      • How many employees are paid below their salary range minimum and how much would it cost to correct these issues?
    • Job Architecture & Organizational Design
      • Where do we see potential job duplication in my organization? How should I adjust my job architecture or existing pay in response?
      • If I add a new job family to my Boston office, how would I design the pay mix and where would I assign these jobs to my salary structures?
      • Can you build out a job architecture with all my jobs and tell me where there are potential areas that need adjustments?
    • Pay Equity Analysis & Fairness
      • Which jobs in our organization should be clustered into similarly situated groups and which employees in those clusters are the pay equity outliers?
      • Provide a pay gap analysis separated by salary grade, EEO category/ and job level.

    Yong Zhang, President, COO and CRO of Salary.com, and the chief architect of this new AI platform, said, “Our customers demand tools that work. We made the conscious choice to skip building a simple generative AI tool for content retrieval and committed to build the next generation of AI technology: a true robust agentic AI technology platform that compensation and HR departments can customize and deploy to conduct deep analyses and gain operational efficiencies. By working like a trusted teammate as opposed to just another tool, Salary.com delivers everything customers need to get AI right – from standard and custom agent design to ongoing QA of AI outputs.”

    AI Your Way

    Salary.com’s AI platform is designed to support a company’s adoption of AI tools. The Salary.com team will build customized agents that map to specific business processes based on current workflows, provide guidance to help build AI-related skills, and work as an ongoing partner ready to adapt to changes in the AI landscape. The goal is to provide custom department-specific solutions that enable sustainable transformation.

    Availability & How to Learn More

    Salary.com’s Agentic AI will be demonstrated at the World at Work conference May 19 – May 21, 2025. Schedule a demo onsite or to learn more, visit the Salary.com booth #825 or contact Solutions@salary.com.

    About Salary.com
    Salary.com has been helping organizations with human capital needs for over 25 years. The company leads the industry in compensation data, software, and services. More than 30,000 organizations in 30+ countries use Salary.com’s solutions to hire and retain talent and compete in a changing world. Salary.com provides over 10 billion data points across over 225 industries using a proprietary AI framework to ensure fair pay. The company’s main product, CompAnalyst®, helps organizations simplify hiring, reduce guesswork, and increase retention. Employee trust depends on fair pay, and Salary.com helps get it right. For additional information, please visit www.salary.com/business.

    Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners. This press release is the copyrighted material of Salary.com and may not be uploaded into any LLM or AI without obtaining written permission in advance from Salary.com’s media contact.

    The MIL Network –

  • MIL-OSI: VNBTC – Revolutionizing Cloud Mining with Profitable Plans and an Innovative Affiliate Program

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, April 21, 2025 (GLOBE NEWSWIRE) — Cryptocurrencies continue to shape financial futures, and VNBTC is leading the charge with its advanced, user-friendly, and profitable cloud mining platform. Offering high-performing mining packages and a dynamic affiliate program, VNBTC is creating boundless earning opportunities for newcomers and seasoned investors alike.

    Profitable Mining Packages Tailored to Your Goals

    VNBTC’s mining plans are designed to cater to a wide range of users, offering something for beginners and high-capital investors alike. With transparent terms and efficient operations, these plans generate consistent profits daily, making them an attractive choice for anyone seeking passive income.

    Plan Name Price ($) Duration Daily ROI Total Profit ($)
    DOGE STARTER PLAN 79.00 7 Days 1.20% 6.64
    LITECOIN SPEED PACK 100.00 5 Days 1.50% 7.50
    POLYGON GROWTH PLAN 500.00 10 Days 1.36% 68.00
    AVALANCHE MINER PACK 2,000.00 20 Days 1.40% 560.00
    SOLANA POWER MINER 5,000.00 30 Days 1.48% 2,220.00
    CARDANO VIP SPECIAL 8,000.00 25 Days 1.50% 3,000.00
    ETHEREUM MAX YIELD PLAN 10,000.00 35 Days 1.55% 5,425.00
    BNB TURBO PACK 30,000.00 20 Days 1.70% 10,200.00
    BITCOIN PREMIUM HASHRATE 70,000.00 15 Days 2.00% 21,000.00

    These plans provide access to hassle-free mining of prominent cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. With real-time performance monitoring and smooth fund withdrawals, VNBTC offers unparalleled convenience and reliability.

    Exclusive Free Trial Offer – $79 Welcome Bonus

    VNBTC is committed to providing every new user with a risk-free mining experience. Upon registration, new users will receive a $79 welcome bonus, which can be exclusively applied to the DOGE STARTER PLAN.

    This free trial plan includes:

    • Full access to the DOGE STARTER PLAN’s 7-day mining cycle.
    • A return of 1.20% daily for seven days, making new users eligible to earn additional profits risk-free.

    This initiative allows investors to explore VNBTC’s platform features, experience effortless mining, and begin generating cryptocurrency without any upfront financial commitment.

    Multiply Earnings with VNBTC’s Affiliate Program

    For users looking to expand their income streams, VNBTC offers a powerful affiliate program that rewards participants for sharing the platform with their networks.

    Affiliate Benefits:

    • Earn 3% direct commissions from referrals investing through your unique link.
    • 1.8% additional commission from second-level referrals, allowing users to build greater passive income.
    • Easy tracking and growth tools for managing referral rewards and network performance.

    VNBTC encourages users to creatively promote their referral links through various channels to maximize exposure and earnings, such as:

    • Sharing on forums and crypto community boards to connect with targeted audiences.
    • Running advertisements via Google Ads or niche crypto platforms.
    • Engaging audiences on social media platforms like Twitter, Facebook, and Instagram.
    • Hosting YouTube videos or publishing blog posts to educate and promote the platform’s offerings.

    By turning every investor into an ambassador, VNBTC builds a thriving global ecosystem while enabling participants to enjoy effortless financial growth.

    Why Choose VNBTC? A Platform Designed for Success

    1. Simplified Cloud Mining: No technical skills or hardware needed. Start earning instantly after choosing your plan.
    2. Secure and Transparent Operations: Benefit from cutting-edge encryption and seamless real-time tracking for your investments.
    3. Competitive ROI: VNBTC offers some of the most attractive return rates in the industry.
    4. Sustainable Mining: An environmentally friendly approach powered by renewable energy.
    5. Global Reach: Accessible worldwide, offering support in multiple languages for a wide range of users.
    6. 24/7 Earnings: Transparent daily payouts that align with your expectations and goals.

    Get Started with VNBTC Today

    Making your first step into the world of cloud mining has never been easier. Every new user receives a $79 Welcome Bonus, giving them a risk-free opportunity to explore VNBTC’s offerings. The registration process is quick and straightforward, and mining begins immediately after activating your plan.

    Seize the Opportunity with VNBTC

    With advanced infrastructure, unbeatable plans, and an affiliate program that multiplies earning potential, VNBTC is not just a platform but your complete solution for turning cryptocurrency into a steady income avenue. Whether you’re an experienced trader or a curious beginner, VNBTC provides everything you need to succeed and grow in the crypto world.

    Start Mining Now and Invite the World to Join

    It’s time to make the most of cloud mining with VNBTC. Sign up today, choose the perfect plan, and invite your network to amplify your earning potential. By sharing VNBTC’s opportunities, you can build a passive income that grows along with the platform’s success.

    For more information or to begin your mining success story, visit VNBTC’s Official Website.

    The MIL Network –

  • MIL-OSI: Camwood Capital Group Announces Recent Office Expansion and Relocation to Premier Class A Space

    Source: GlobeNewswire (MIL-OSI)

    Austin, TX, April 21, 2025 (GLOBE NEWSWIRE) —

    Camwood Capital Group, a buy-out firm based in Austin, Texas, focused on investing in high-quality companies in the lower-middle market, recently announced the relocation of its Austin office to a significantly larger and more prestigious location. The company has moved from its previous 2,024 sq. ft. office space at 2600 Via Fortuna to a premier Class A office suite spanning 4,356 sq. ft. at 2901 Via Fortuna, Austin, TX, 78746.

    This strategic move reflects Camwood Capital Group’s ongoing expansion and commitment to providing an enhanced working environment for its growing team and a sophisticated meeting space for clients. The new office space boasts stunning vista views of downtown Austin and includes a private terrace, offering an exceptional backdrop for collaboration and client engagement.

    “This relocation to a significantly larger, Class A office space is a direct result of our continued growth and success in the lower-middle market,” says Matt Mayfield, Managing Director of Camwood Capital Group. “The increased footprint and premier amenities at 2901 Via Fortuna will not only accommodate our expanding team but also provide an elevated experience for our clients and partners. We are excited about this new chapter and the opportunities it presents for Camwood Capital Group.”

    The new location at 2901 Via Fortuna provides Camwood Capital Group with:

    • Increased Space: More than double the previous office footprint to accommodate future growth.
    • Premier Class A Amenities: Access to high-quality building facilities and infrastructure.
    • Impressive Views: Stunning panoramic vistas of downtown Austin.
    • Private Terrace: An exclusive outdoor space for meetings, breaks, and events.

    Camwood Capital Group is excited about this new chapter and looks forward to welcoming clients and partners to its expanded and upgraded Austin office.

    About Camwood Capital Group

    Camwood Capital is a buy-out firm based in Austin, Texas, that focuses on investing in high-quality companies in the lower-middle market. Their mission is rooted in performance, achievement, contribution, and talent. As seasoned operators, they believe that success is about evaluating people and being a good judge of character. Camwood Capital partners with management, looking for untapped talent and underutilized teams, and subsequently moves on to more transformative operations, processes, and information systems upgrades and improvements. They focus on the long-term with steadfast discipline.

    The MIL Network –

  • MIL-OSI: Astra Fintech Launches $100M Solana Ecosystem Fund to Accelerate Innovation, Announces Strategic Expansion in Asia

    Source: GlobeNewswire (MIL-OSI)

    Key Takeaways:

    • Astra Fintech launches a major $100 million fund to accelerate innovation within the Solana ecosystem, building on its successful track record of supporting projects like Mulex, DEPE, and MoNE through initiatives like the Seoulana event.
    • Astra is advancing its Payment Finance (PayFi) strategy by integrating Banana Pay, positioning itself at the intersection of decentralized and traditional finance to enable seamless blockchain-based transactions.
    • With Korea as its regional hub, Astra is strategically deploying capital and partnerships to drive Solana adoption across Asia, leveraging Korea’s tech-savvy market as a springboard for broader expansion.

    SEOUL, South Korea, April 21, 2025 (GLOBE NEWSWIRE) — Astra Fintech, a leading force in blockchain infrastructure and fintech solutions, announced the launch of a $100 million dedicated fund to fuel the growth of the Solana ecosystem. The fund will focus on identifying and supporting high-potential builders, startups, and innovative projects within Solana’s rapidly expanding network. This initiative builds on Astra’s proven track record of fostering cutting-edge projects—including Mulex, DEPE, and MoNE—through its sponsorship of Seoulana, a premier Solana ecosystem event hosted by Superteam Korea.

    Astra’s Role in Solana’s Growth: From Sponsorship to Strategic Investment
    Astra Fintech has been an active contributor to the Solana ecosystem, leveraging its expertise and resources to empower breakthrough innovations. As a key sponsor of Seoulana, Astra played a pivotal role in connecting with and nurturing high-impact projects such as:

    • Mulex: A next-gen cross-chain infrastructure solution enhancing Solana’s subchain scalability.
    • DEPE: A composite liquidity steward routing abstract pools on Solana chains
    • MoNE: No-code AI Agent Builder for Solana: Create, deploy, and verify on-chain agents effortlessly

    With the new $100M fund, Astra Fintech is doubling down on its commitment to Solana, providing not just capital but also strategic support to help projects scale globally.

    PayFi Expansion: Banana Pay Integration
    Beyond ecosystem funding, Astra Fintech has taken concrete steps to advance its PayFi (Payment Finance) strategy by integrating Banana Pay, a seamless blockchain-based payment solution. This move positions Astra at the forefront of bridging traditional finance with decentralized payment infrastructures, further solidifying its role as a fintech innovator.

    Asia-First Strategy: Korea as the Launchpad
    Astra Fintech’s expansion plans are strategically centered on Asia, with Korea serving as the regional hub. The company will:

    • Deploy capital from the $100M fund to accelerate Solana-based projects in Asia. Forge partnerships with local developers, enterprises, and regulators to drive blockchain adoption.
    • Expand PayFi solutions, starting with Korea’s tech-savvy market before scaling across the region.

    “Our $100M fund is a testament to Astra’s belief in Solana’s potential to redefine global fintech,” said Jamie, Head of Partnership. “Korea’s vibrant blockchain ecosystem is the perfect launchpad for our Asia expansion, and we’re excited to back the next wave of innovators building on Solana.”

    Looking Ahead: A Multi-Chain Future, Anchored in Solana
    Astra Fintech’s vision extends beyond funding — it aims to build an inter-connected financial ecosystem where Solana’s speed, scalability, and low-cost infrastructure serve as the foundation for next-gen applications. By combining capital deployment, PayFi integration, and regional expertise, Astra is poised to become a key enabler of Web3’s mass adoption.

    About Astra Fintech
    Astra Fintech is a leading blockchain-powered finance solutions provider at the forefront of revolutionizing global payments. With a mission to break down the barriers of traditional payment systems and empower users with seamless, secure, and efficient global digital asset transactions, Astra Fintech delivers innovative PayFi services to individual users worldwide. As a strategic partner within the Sonala ecosystem and backed by shareholders who are Limited Partners (LPs) of Multicoin, Astra Fintech is driving the future of blockchain finance through strategic investments and collaborative innovation. Astra Fintech is committed to unlocking new possibilities in international finance, positioning itself as a trusted leader in the industry.

    Contact:
    Connie
    contact@astra.holdings

    Disclaimer: This press release is provided by the Astra Fintech. 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.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9aa23a28-0da5-4509-9947-609db7161398

    The MIL Network –

  • MIL-OSI: FHLBank San Francisco’s Jennifer Schachterle to Discuss Letters of Credit at 2025 California Municipal Treasurers Association Annual Conference

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 21, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced Jennifer Schachterle, senior vice president of sales and business development, is scheduled to speak on a panel focused on letters of credit during the 2025 California Municipal Treasurers Association (CMTA) annual conference on April 24 in Monterey, California.

    During the conference attended by local government officials with fiduciary responsibility for public funds, Schachterle will discuss how letters of credit can be a secure and efficient way for municipalities to make sure that deposits are covered over insured limits and serve as a favorable alternative to other forms of credit risk management.

    “Municipal letters of credit issued by Federal Home Loan Banks to state and local governments can often be an effective tool to secure public fund deposits in excess of the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Insurance Fund limits,” said Schachterle. “I’m looking forward to connecting with attendees at the CMTA annual conference and joining my fellow panelists to share insights on this fast and efficient alternative form of collateral.”

    On the panel, Schachterle will be joined by Denise de Bombelles, senior vice president, global investor relations with the Federal Home Loan Bank Office of Finance and Hubie White, CFA CTP, chief investment officer with the City and County of San Francisco, in a discussion for how municipal letters of credit can help safeguard public unit deposits.

    The 2025 CMTA Annual Conference is taking place April 22-25, 2025, at the Hyatt Regency Monterey Hotel and Spa in Monterey, California.

    Jennifer Schachterle joined FHLBank San Francisco in June 2023 as SVP of Sales and Business Development. She leads a team dedicated to sales, business development and new member recruitment and oversees relationships with the Bank’s over 330-member financial institutions across its three-state district of Arizona, California, and Nevada. Ms. Schachterle has experience in the areas of sales, credit risk, counterparty approval, policy, and mortgage acquisition. Over the course of her more than 25 years in banking, Schachterle has held positions of increasing seniority in operations, credit, and sales in the banking and mortgage finance industry. Since 2019, she has served on the board of directors for the California Mortgage Bankers Association. She has a degree from the University of Denver and enjoys volunteering to teach children financial literacy.

    Visit FHLBank San Francisco for more information about letters of credit and learn which member banks and credit unions are available to issue letters of credit.

    About Federal Home Loan Bank of San Francisco

    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    The MIL Network –

  • MIL-OSI: Five Star Bancorp Declares First Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., April 21, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), announced today the declaration of a cash dividend of $0.20 per share on the Company’s voting common stock. The dividend is expected to be paid on May 12, 2025, to shareholders of record as of May 5, 2025.

    About Five Star Bancorp
    Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The Bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Special Note Concerning Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

    The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

    Investor Contact:
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media Contact:
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network –

  • MIL-OSI: Provident Financial Holdings, Inc. To Host Earnings Release Conference Call

    Source: GlobeNewswire (MIL-OSI)

    RIVERSIDE, Calif., April 21, 2025 (GLOBE NEWSWIRE) — Provident Financial Holdings, Inc. (“Company”) (Nasdaq GS: PROV), the holding company for Provident Savings Bank, F.S.B., today announced that it will distribute a news release announcing earnings for the third quarter of fiscal 2025 prior to the market open on Monday, April 28, 2025. Additionally, the Company will host a conference call for institutional investors and bank analysts on Tuesday, April 29, 2025 at 9:00 a.m. (Pacific) to discuss financial results. The conference call can be accessed by dialing 1-800-715-9871 and referencing Conference ID number 7361828. An audio replay of the conference call will be available through Tuesday, May 6, 2025 by dialing 1-800-770-2030 and referencing Conference ID number 7361828.

    Contacts:

    Donavon P. Ternes
    President and Chief Executive Officer 

    Haryanto L. Sunarto
    Interim Chief Financial Officer

    (951) 686-6060

    The MIL Network –

  • MIL-OSI: The Most Complete Free Bitcoin Mining Guide in 2025: From PFM CRYPTO Novice to Profit Freedom

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, April 21, 2025 (GLOBE NEWSWIRE) — In 2025, the cryptocurrency market volatility intensified, and investors’ demand for stability, security and sustainable returns reached a new high. PFM CRYPTO was named “Best Cloud Mining Platform in 2025” for its core advantages:

    • Compliance and security: With FCA license and MSB certification, user funds are managed by HSBC; military-grade encryption technology and cold wallet storage are used, with zero security incidents for 6 consecutive years.
    • Global coverage: Supports 10 languages ??and 11 cryptocurrencies, with a minimum investment of $10, users in 190+ countries, and assets under management of more than $1.9 billion.
    • Intelligent income optimization: Supports multi-currency mining such as BTC, ETH, SOL, and automatically switches to high-yield currencies.

    PFM CRYPTO: Redefine passive income and start cloud mining for free

    In the past, Bitcoin mining required expensive ASIC mining machines, technical barriers and high electricity bills. PFM CRYPTO completely subverts this model – no hardware, no code, novices can easily earn Bitcoin.

    Start mining in three steps:

    • Register to enjoy $10 newcomer rewards, and start mining in real time;
    • The automated system handles optimization, maintenance and payment;
    • Relying on 100% green energy (hydro + wind + solar), it takes into account both profitability and environmental protection.

    PFM CRYPTO: The first choice for Personal Financial Management

    The core charm of PFM CRYPTO lies in passive income. Users can earn BTC every day like dividends without watching the market or trading frequently. Its global community brings together students, retirees, digital nomads and other groups. Some earn thousands of dollars a day, and some compound interest rolls – the common point is: let the crypto economy increase wealth.

    Why is PFM CRYPTO the ultimate choice for safety and convenience?

    • Cutting-edge technology: using the latest ASIC mining machines and high-performance GPUs, with excellent efficiency and benefits;
    • Extreme security: funds are stored offline and cold, equipped with McAfee® and Cloudflare® dual protection;
    • Transparent income: daily automatic income distribution, supporting 10+ currencies such as BTC, ETH, LTC, DOGE, etc.;
    • Green Revolution: through monocrystalline solar energy and large-scale wind power drive, create a sustainable mining ecosystem;
    • Affiliate Program: recommend new users to get 3% (first level), 1.5% (second level) commission, instant settlement without upper limit.

    PFM CRYPTO’s 2025 Vision: Convenient, profitable, sustainable

    Through the strategic use of registration bonuses, reinvestment mechanisms and multi-currency support, users can maximize long-term returns. The platform also provides:

    EARN FREE BITCOINS WITH PFM CRYPTO NOW

    Visit https://pfmcrypto.net to claim your $10 bonus and join the era of secure and eco-friendly cloud mining in 2025.

    The MIL Network –

  • MIL-OSI: ZA Miner Introduces Free Cloud Mining Service, Making Bitcoin and Dogecoin Mining Accessible to Everyone

    Source: GlobeNewswire (MIL-OSI)

    ZA Miner enables users to generate passive income by mining Bitcoin, Dogecoin, and Litecoin online.

    MIDDLESEX, United Kingdom, April 21, 2025 (GLOBE NEWSWIRE) — ZA Miner, a UK-based cloud mining company, announces the launch of its zero-cost cloud mining service, giving users the ability to mine popular cryptocurrencies like Bitcoin and Dogecoin without investing in expensive hardware or electricity costs.

    The new platform introduces a streamlined way for crypto enthusiasts and newcomers to earn passive income through mining—entirely online. By offering a $100 free mining contract upon registration, ZA Miner is making mining more accessible than ever.

    No Equipment. No Experience. Just Crypto Rewards.

    ZA Miner’s platform removes the traditional complexities of crypto mining. Users no longer need to purchase mining rigs or maintain servers. With just an email address, individuals can sign up and start earning daily payouts through a simple, user-friendly interface. The platform supports mining for Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC).

    “We created ZA Miner with the belief that anyone should be able to participate in cryptocurrency mining without high costs or technical challenges,” said a company representative. “Our model is built for transparency, ease of use, and financial inclusion.”

    Global Operations with Eco-Conscious Infrastructure

    ZA Miner operates its mining farms in strategic, energy-efficient regions such as Kazakhstan and Iceland. These locations are selected for their low electricity rates and sustainable energy sources, allowing the company to pass cost savings and reliability on to its users.

    Mining contracts from ZA Miner are designed to support users with varying levels of expertise.

    Platform Highlights:

    • Free $100 Mining Bonus – Get started immediately without any payment.
    • No Hardware Required – All mining is cloud-based.
    • Daily Earnings – Receive payouts directly to your wallet.
    • Environmentally Friendly – Operates in energy-efficient regions.
    • Safe & Secure – SSL encryption and anti-DDoS protection ensure account safety.
    • Referral Rewards – Earn up to 7% commission for inviting others to the platform.

    How to Begin:

    1. Create an account on www.zaminer.com
    2. Claim your $100 bonus mining contract
    3. Start earning and track your rewards daily

    ZA Miner’s free cloud mining model reflects a growing demand for accessible crypto tools. With reliable performance, global infrastructure, and a clear path for users to get started, the company is offering an opportunity for anyone to join the digital economy—no technical knowledge required.

    About ZA Miner:

    ZA Miner is a leading cloud mining provider based in Middlesex, United Kingdom, specializing in Bitcoin, Dogecoin, and Litecoin mining services. Focused on making cryptocurrency mining accessible, affordable, and eco-conscious, ZA Miner combines cutting-edge technology, sustainable operations, and user-friendly solutions to empower individuals around the world to participate in the digital asset economy. For more information, visit www.zaminer.com.

    Media Contact:
    SHEIKH, Anisah Fatema
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com/

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/16b2baaf-18de-4e33-95e3-16fc66f6af82

    https://www.globenewswire.com/NewsRoom/AttachmentNg/953d2c2d-b1d0-492e-9c22-2b7fcac43aae

    The MIL Network –

  • MIL-OSI: MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 21, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC). To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.

    Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.

    $HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.

    To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
    Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
    Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
    Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
    Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 4: Invite new users and share 30,000 HYPER (For all users)

    MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.

    For full event details and participation rules, please visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact :
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/3f7a2b6b-03ea-4dc2-9cf4-d21adb93fe1c

    The MIL Network –

  • MIL-OSI: Overland AI Demonstrates Full Stack Ground Autonomy for Uncrewed Breaching During Project Convergence Capstone 5

    Source: GlobeNewswire (MIL-OSI)

    FORT IRWIN, Calif., April 21, 2025 (GLOBE NEWSWIRE) — At the U.S. Army’s premier technology innovation event, Project Convergence Capstone 5 (PC-C5), Overland AI successfully demonstrated its autonomous ground vehicle integrated with uncrewed aerial system (UAS)-capable payloads as part of a joint breaching experimentation effort with the Sandhills Project and the 20th Engineer Brigade of the XVIII Airborne Corps.

    Operating under the direction of the Sandhills Project, Overland AI integrated its full stack, ground autonomy capability, consisting of both software and hardware, into General Dynamics Land Systems’ Small Multipurpose Equipment Transport (SMET) vehicle. The SMET, originally controlled via tethered hand remote, was upgraded with Overland AI’s OverDrive software stack, SPARK hardware infrastructure, and OverWatch tactical interface to enable autonomous operation.

    Overland AI integrated its ground autonomy capability, including the company’s OverDrive software stack and SPARK hardware infrastructure, into the General Dynamics Small Multipurpose Equipment Transport (SMET).

    U.S. Army Soldiers from the 27th Engineer Battalion, 20th Engineer Brigade trained directly on Overland’s system during PC-C5, learning to independently operate, troubleshoot, and maintain the fully autonomous platform. By the end of the exercise, Soldiers executed breaching missions, successfully starting up the system, conducting missions, and shutting it down independently.

    The demonstration included two payload integrations: a trailer equipped with a mine-clearing UAS designed for breaching lanes, and a Stratin Engineering-developed drone launcher mounted on the SMET to deploy small attritable drones.

    Overland AI’s autonomy enables tactical operators to seamlessly integrate multiple payloads into ground platforms, including this UAS designed for breaching lanes that is being towed with an Overland-designed autonomous hitch.

    “Soldiers independently and successfully operated our ground autonomy for two consecutive weeks during Project Convergence Capstone 5,” said Byron Boots, co-founder and chief executive officer of Overland AI. “Breaching exercises continue to demonstrate the maturity of our capability and the tactical benefit of removing humans from some of the most dangerous missions.”

    Overland AI directly supported the Sandhills Project’s objective, such as minefields, wire, and ditches, while enabling distributed operations across a breach. The 20th Engineer Brigade has taken possession of the upgraded SMET vehicle for continued experimentation, with Overland AI providing field support and a software license per contract.

    PC-C5 is a cornerstone of the Army’s persistent experimentation campaign and focuses on evaluating next-generation warfighting capabilities, including cross-domain operations in the INDOPACOM theater. The Overland AI ground team onsite included experts across hardware integration, autonomy software, infrastructure, field operations, product, and program management.

    Overland AI continues to advance the state of ground autonomy for defense, having previously secured an $18.6 million contract with the U.S. Army and Defense Innovation Unit (DIU) to develop autonomy software for the Robotic Combat Vehicle (RCV) program.

    To learn more about Overland AI and see open roles, visit www.overland.ai.

    About Overland AI
    Founded in 2022 and headquartered in Seattle, Washington, Overland AI is powering ground operations for modern defense. The company leverages over a decade of advanced research in robotics and machine learning, as well as a field-test forward ethos, to deliver advanced autonomy for unit commanders. Hazardous missions in austere and electronically denied environments demand that this technology is reliable and resilient. Overland AI’s SPARK autonomy upfit and OverDrive stack enable ground vehicles to navigate off-road without GPS or direct operator control. The company built its fully autonomous tactical vehicle, ULTRA, in-house by integrating SPARK and OverDrive into a modular and attritable platform that is currently in production. Overland AI developed OverWatch, its intuitive C2 interface, to provide commanders with the precise coordination of autonomous ground systems that is vital for complex missions to succeed. Overland AI has achieved the end-to-end integration of ground autonomy, from operator to effect, and is putting this capability into the hands of tactical operators today.

    Contact
    Cameron Langford
    overland@1stprinciples.io
    First Principles Communications

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8b948875-390e-4212-a009-d084918abcc7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e99b9786-0852-4077-9c8b-6f28b7d500d5

    The MIL Network –

  • MIL-OSI: Cyber A.I. Group Names Dr. Peter J. Morales as Chief Technology Officer

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and NEW YORK and LONDON, April 21, 2025 (GLOBE NEWSWIRE) — Cyber A.I. Group, Inc. (“CyberAI” or the “Company”), an emerging growth Cybersecurity, Artificial Intelligence and IT services company engaged in the development of next-generation Cybersecurity technology, announced today the appointment of industry leading expert and adjunct professor at NYU, Dr. Peter J. Morales as the Company’s Chief Technology Officer.

    Dr. Morales brings over 30 years of pioneering experience across finance, education, enterprise technology and the defense sectors, with a long-standing commitment to ethical innovation, advanced systems architecture, and AI expertise. As CTO at CyberAI, Dr. Morales is expected to play a pivotal role in accelerating the CyberAI’s strategy and scaling AI-powered solutions by driving the launch of the Company’s next-generation AI-driven cybersecurity IP through its CyberAI Sentinel 2.0™ initiatives.

    CyberAI Sentinel 2.0™ represents a paradigm shift in Cybersecurity, committed to monetizing proprietary technology and providing clients with a holistic solution to cybersecurity threats by safeguarding digital assets. CyberAI intends to become a cost-effective solution to comprehensive Cybersecurity services for middle market companies on a global basis. This is in addition to CyberAI’s short-term objective of acquiring, consolidating and transforming IT services companies aggregating $100 million in revenues within the next 12 to 18 months with an anticipated listing on the Main Market of the London Stock Exchange (LSE).

    “We are honored to announce the appointment of Dr. Morales as our new Chief Technology Officer,” stated Walter Hughes, CEO of CyberAI. “His proven track record of building secure, scalable systems across both public and private sectors—including developing technology infrastructure at the NYSE and leading cloud initiatives at NYU— makes Dr. Morales uniquely qualified to guide our global technology initiatives, including CyberAI Sentinel 2.0, as we acquire and evolve top-performing IT service companies toward our stated objective of achieving $100 million in revenue.”

    Over the years, Dr. Morales has held executive and academic leadership roles that bridge advanced technology with strategic innovation. At the Council on International Educational Exchange (CIEE), he served as VP, CIO, and CISO, leading programs in cybersecurity, software development, data analytics, and enterprise systems. In addition, over 10 years at NYU, Dr. Morales led a global peer-to-peer collaboration platform initiative, launched a PMO, oversaw the university’s first AWS cloud migration, and cultivated a research partnership with NASA Langley, resulting in a Space Act Agreement.

    His early career included developing mission-critical systems for the U.S. Navy’s F-18 aircraft and building high-performance trading infrastructure for the American and New York Stock Exchanges. Dr. Morales also led the creation of a pioneering diagnostic platform for pediatric neurological research at North Shore University Hospital.

    “Throughout my career, I’ve been drawn to challenges where complex systems, human ingenuity, and mission-critical outcomes intersect, and that’s exactly what CyberAI represents,” said Dr. Morales. “CyberAI’s model—rooted in acquiring established, high-performing companies and enhancing their value through practical, responsible A.I. adoption—is exactly the kind of approach that intrigues me. With its visionary strategy and strong momentum, CyberAI is positioned to transform the IT services landscape and I look forward to helping integrate and elevate their CyberAI Sentinel 2.0 initiatives through secure, intelligent systems that drive real-world impact.”

    Dr. Morales holds a B.S. in Electrical Engineering from Rochester Institute of Technology, an M.S. in Engineering Management from NYU Tandon School of Engineering, as well as a Doctorate in Computer Science with a specialization in computational econometric modeling. He has been a PMP-certified project manager for more than 20 years and is Scrum Master certified.

    In addition, Dr. Morales continues to teach in NYU’s M.S. programs in Project and Systems Management, and he serves on the boards of the EPIC Education Foundation and NABU, a UN Economic and Social Council (ECOSOC) NGO. He has also delivered project management training across numerous New York City agencies and taught advanced tech and leadership courses at St. Francis College in Brooklyn.

    “Dr. Morales brings the kind of visionary yet grounded leadership that is essential to CyberAI’s long-term success,” said Alfonso J. Cervantes, Jr., Executive Chairman of CyberAI. “As we execute on our global acquisition strategy, we are not simply aggregating companies—we are transforming them into next-generation technology enterprises. His leadership ensures we can generate our own proprietary technology into industry leading AI innovation, operational efficiency, and cyber resilience.”

    Through AI innovation, CyberAI Sentinel 2.0 is designed to empower enterprises with intelligent, adaptive, and proactive protection, while also leveraging CyberAI’s expanding customer base as the Company continues to grow through its M&A initiatives.

    About Cyber A.I. Group

    Cyber A.I. Group, Inc. (“CyberAI”) is an international company engaged in the acquisition and management of worldwide Cybersecurity and IT services firms. CyberAI is pursuing a highly proactive “Buy & Build” strategy to rapidly expand operations internationally by acquiring a broad spectrum of IT services companies and repositioning them to address fast-growing market needs for Cybersecurity and Artificial Intelligence markets. The Company has developed an active pipeline of 300+ perspective acquisitions which are in various stages of analysis. The Company’s initial target is to acquire multiple companies representing aggregate revenues annualizing $100 million within the next 12 to 18 months with an anticipated listing on the Main Market of the London Stock Exchange (LSE). CyberAI’s business model is focused on the acquisition and consolidation of IT services worldwide with proven ability in broad conventional technology services with strong cash flow and enhance performance through A.I.-driven Cybersecurity initiatives. This emphasis on conventional companies with strong revenues and EBITDA distinguishes CyberAI from the explosion of A.I. startups that may be pinning their future on a single technological breakthrough which may never materialize. This “Buy & Build” strategy provides CyberAI with the maximum flexibility for diversification and risk management for moving into new fields and addressing fast moving market opportunities. For additional information, please visit: cyberaigroup.io.

    Contact

    Cyber A.I. Group, Inc.
    Tel: 786.749.1221
    info@cyberaigroup.io

    London:
    60 Park Lane, #3
    London, W1K 1NA

    New York:
    641 Lexington Avenue, 14th Floor
    New York, NY 10022

    Miami:
    990 Biscayne Blvd., Suite 503
    Miami, FL 33132

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee965b05-1ae6-4730-b9a3-aa42dd86d1ef

    The MIL Network –

  • MIL-OSI: BYDFi Lists EPT/USDT Trading Pair — Trade and Win a Share of the $5,000 Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    SEYCHELLES, East Africa, April 21, 2025 (GLOBE NEWSWIRE) — Global crypto exchange BYDFi has officially listed Balance’s native token, $EPT, opening spot trading for the EPT/USDT pair. To celebrate the launch, BYDFi is offering a $5,000 prize pool, available for a limited time to all users who participate in EPT trading.

    $EPT: The Core Engine of the Balance Ecosystem

    $EPT is the native token of the Balance platform and plays a central role in powering the ecosystem. With a total supply of 10 billion, it drives core functions such as trading incentives, liquidity provision, and application development.

    Balance, the infrastructure behind $EPT, originated from E-PAL, formerly the world’s largest gaming companion platform. Today, it serves over 4.2 million users and 450,000 active Epals. By integrating AI and blockchain, Balance is redefining Web3 interactions through immersive, decentralized digital experiences.

    In September 2024, Balance raised $30 million in funding from top-tier investors including a16z, Animoca Brands, and Galaxy Interactive, further accelerating its global growth and ecosystem expansion.

    Multi-Promotion Campaign Now Live on BYDFi

    To coincide with the EPT listing, BYDFi is kicking off several campaigns:

    More details are available on BYDFi’s official platform.

    About BYDFi

    Founded in 2020, BYDFi has been named one of Forbes’ Top 10 Global Crypto Exchanges and is officially listed on CoinMarketCap and CoinGecko. Serving users in 190+ countries, the platform is trusted by over 1,000,000 users worldwide.

    BYDFi holds multiple MSB licenses, is a member of Korea’s CodeVASP alliance, and regularly publishes Proof of Reserves (POR) to ensure transparency and trust. BUIDL Your Dream Finance

    • Website: https://www.bydfi.com
    • Support Email: cs@bydfi.com
    • Business Partnerships: bd@bydfi.com
    • Media Inquiries: media@bydfi.com

    Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube

    The MIL Network –

  • MIL-OSI: BexBack Revolutionizes Crypto Trading with No KYC, 100x Leverage, $50 Welcome Bonus, and Double Deposit Offer

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 21, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to experience volatility, seasoned traders are looking for new ways to capitalize on market opportunities. Enter BexBack, the innovative crypto trading platform that is transforming the way people trade crypto futures. With no KYC, 100x leverage, and an aggressive bonus structure, BexBack is rapidly becoming the go-to destination for traders around the globe.

    The New Standard in Crypto Trading

    BexBack is shaking up the crypto trading industry by offering traders the ability to access 100x leverage with no KYC (Know Your Customer) requirements, making it the ideal choice for those looking for flexibility and security in their trades. Whether you’re an experienced trader or just getting started, BexBack offers a seamless and secure platform for crypto futures trading.

    Double Deposit Bonus – More Money to Trade

    As part of its exciting offer, BexBack is offering a 100% deposit bonus for new users. This bonus allows users to double their funds instantly, enabling them to open larger positions with less capital, increasing their potential returns. But that’s not all – for first-time deposits of more than 0.01 BTC or 1000 USDT, users can receive an additional $100 trading bonus, adding to the exciting incentives for new and existing traders alike.

    Why Choose BexBack?

    • No KYC Required – Start trading instantly without the hassle of complex identity verification. We believe in providing a smooth experience for our users, with minimal barriers to entry.
    • 100x Leverage – Maximize your capital efficiency with up to 100x leverage, giving you the ability to trade larger positions and amplify potential profits. This means with only 1 BTC, you can hold a position equivalent to 100 BTC, providing immense trading power.
    • Double Deposit Bonus – Get a 100% deposit bonus immediately on your first deposit to help increase your trading power. You can use this bonus to open larger positions and better navigate market fluctuations.
    • $50 Welcome Bonus – New users who complete their first trade (open and close a position) are eligible for a $50 bonus, which can be used to offset losses and boost your trading experience.
    • No Deposit Fees – Enjoy zero fees on deposits, allowing you to keep more of your profits where they belong – in your account.
    • Advanced Trading Tools – Whether you’re a seasoned pro or a beginner, BexBack offers advanced tools and resources to help you maximize your trading success.

    Get Started with BexBack Today

    Ready to take advantage of no KYC, 100x leverage, and huge bonuses? Join BexBack today and start trading with greater power. With a variety of bonus offers and the ability to trade large positions with relatively small investments, there’s never been a better time to enter the world of crypto futures.

    Sign up today, claim your bonuses, and start trading with the power of leverage!

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, ADA, SOL, XRP, and more than 50 other major altcoins. Founded in May 2024, the platform has rapidly gained a reputation for providing a seamless trading experience with no KYC, competitive 100% deposit bonuses, and fast execution of trades. Trusted by over 500,000 users worldwide, BexBack is committed to delivering an easy, secure, and user-friendly platform for crypto traders everywhere.

    With a strong focus on customer service and offering 24/7 support, BexBack ensures traders have everything they need to succeed in the ever-evolving world of cryptocurrency.

    Ready to claim your bonuses and start trading? Don’t miss out on 100x leverage, double deposit bonuses, and $50 welcome bonus. Sign up now and start trading today on BexBack!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. 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.

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c0ea1fb8-aaf4-4719-96df-11532866da09

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b7e808c5-051d-4c91-9aee-39e8c6c92556

    https://www.globenewswire.com/NewsRoom/AttachmentNg/af5b3a6b-5188-40d6-b6f4-7d1d7d2ea569

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1125a260-2359-4e48-a24f-645182f4b976

    The MIL Network –

  • MIL-OSI: InspireSemi Provides Business Update and Proposed Financing

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and AUSTIN, Texas , April 21, 2025 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc.  (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, is pleased to announce that today it is providing a general business update by live webinar at 11:00 a.m. (Eastern Time).

    Key topics the business update covers include:

    • Announcement that the Company’s improved flagship Thunderbird 1 product has been sent for production with first wafers expected to be in hand in July, 2025
    • Operations between now and return of first wafers and plan for production readiness
    • Impact of tariffs on the Company
    • Update on Market, Customer and sales outlook
    • A further financing commitment for US$3M expected to close in May, 2025 as further discussed below

    To join the Business Update please use the following Zoom link:

    https://us06web.zoom.us/j/86002651511?pwd=WhCXFooqXIizSQhNUZkFIsTdu7ABKs.1

    Webinar ID: 860 0265 1511
    Passcode: 858696

    Telephone dial in numbers are available at https://us06web.zoom.us/u/kcUeWRY0rn

    A recording of the business update will be made available in the Investors section of the Company’s website at https://inspiresemi.com/investors/.

    Details of Additional Funding

    The Company has received a funding commitment for a private placement comprised of proportionate voting share units (“PV Units”) for total proceeds of US$3,000,000.10 (the “Financing”). The Financing will be wholly subscribed for by the investor (the “Investor”) who previously subscribed under the convertible loan agreement dated September 23, 2024 (as described in the Company’s press release dated September 23, 2024) pursuant to the Investor’s right of first refusal thereunder.

    On closing the Investor will be issued PV Units at a price per PV Unit of US$9.50. Each PV Unit consists of one proportionate voting share in the capital of the Company (each a “PV Share”) and one half of one PV Share purchase warrant of the Company (each whole warrant a “PV Warrant”). Each whole PV Warrant will be exercisable for one PV Share at a price per share of US$9.50.

    The Company expects the Financing to close in May 2025, and will provide further updates on the same by further press release.

    About InspireSemi

    InspireSemi provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird I ‘supercomputer-cluster-on-a-chip’ is a disruptive, next-generation datacenter accelerator designed to address multiple underserved and diversified industries, including financial services, computer-aided engineering, energy, climate modeling, cybersecurity, and life sciences & drug discovery. Based on the open standard RISC-V instruction set architecture, InspireSemi’s solutions set new standards of performance, energy efficiency, and ease of programming. InspireSemi is headquartered in Austin, TX.

    For more information visit https://inspiresemi.com  
    Follow InspireSemi on LinkedIn

    Company Contact
    Ron Van Dell, CEO
    (737) 471-3230
    rvandell@inspiresemi.com

    Cautionary Statement on Forward-Looking Information

    This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Statements concerning InspireSemi’s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of InspireSemi are forward-looking statements. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.

    Forward-looking information includes, but is not limited to, information regarding: (i) the business plans and expectations of the Company including expectations with respect to production of Thunderbird I and development of future projects and; (ii) expectations for other economic, business, and/or competitive factors; and (iii) expectations regarding the Financing. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this presentation, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of InspireSemi, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company including information obtained from third-party industry analysts and other third-party sources and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: (i) statements relating to the expected performance and production timeline of Thunderbird I (ii) business and future activities of, and developments related to, the Company after the date of this press release; (iii) the closing of the Financing (iv) expectations for other economic, business, regulatory and/or competitive factors related to the Company or the technology industry generally; (v) the risk factors referenced in this news release and as described from time to time in documents filed by the Company with Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca; and (vi) other events or conditions that may occur in the future. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

    The MIL Network –

  • MIL-OSI: Silynxcom Has Received $10 Million in Orders from the Israel Defense Forces Since October 7, 2023

    Source: GlobeNewswire (MIL-OSI)

    Operational Trust in Silynxcom’s Tactical Communication Systems Reflects Urgent National Defense Demands

    Netanya, Israel, April 21, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, has announced that it had received approximately $10 million in orders from the Israel Defense Forces (“IDF”) since October 7, 2023. 

    These orders reflect the urgent operational demands of one of the world’s most active and technologically advanced military forces during a period of heightened national security needs. 

    The systems ordered include thousands of Silynxcom’s in-ear headset solutions and tactical communication accessories, designed to provide clear, secure, and uninterrupted communication under the most challenging field conditions.

    The orders spanned various sectors and units, including special forces, field units, and various branches of the Israeli Navy and Air Force, underscoring the versatility and trust in Silynxcom’s technology across Israel’s defense ecosystem.

    “The magnitude and urgency of these orders not only reflects trust, but also the increased operational reliance in our products,” said Nir Klein, CEO of Silynxcom. “Since October 7, 2023 we’ve been working to meet the real-time needs of the IDF. Our technology isn’t just being deployed — it’s being counted on in active missions. We believe that this validates our innovation and our role as a strategic supplier to forces on the front line.”

    Silynxcom’s headset systems are engineered to offer superior situational awareness, ambient sound enhancement, and battle-tested durability — enabling mission-critical communication in urban warfare, special operations, and border security scenarios. The Company’s plug-and-play integration with most tactical radios ensures rapid deployment without field modifications, a key advantage for militaries operating in rapidly evolving environments.

    About Silynxcom Ltd.

    Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    For additional information about the company please visit: https://silynxcom.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: the belief that orders received by the Company since October 7, 2023; the belief that these orders reflect not only trust but also increased operational reliance in the Company’s products; the belief that orders validates the Company’s innovation and its role as a strategic supplier; and the potential benefits of the Company’s products. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Capital Markets & IR Contact

    Michal Efraty
    ir@silynxcom.com

    The MIL Network –

  • MIL-OSI: Blue Mountain Solidifies Executive Leadership with Seasoned GTM Appointments to Drive Next Phase of Growth and Innovation

    Source: GlobeNewswire (MIL-OSI)

    STATE COLLEGE, Pa., April 21, 2025 (GLOBE NEWSWIRE) — Blue Mountain, the leader in GMP-compliant Enterprise Asset Management (EAM) software for life sciences, is pleased to announce the appointment of Keith Pensabene as Chief Revenue Officer (CRO) and Christian Rockwell as Chief Marketing Officer (CMO). These strategic additions to the executive leadership team reinforce Blue Mountain’s commitment to growth, innovation, and delivering exceptional value to its customers.

    Keith Pensabene brings extensive experience in revenue generation, sales leadership, and business development within the Life Sciences sector. Coming from leading companies including Accenture, IQVIA, Pilgrim QMS, and STARLIMS, Keith joined Blue Mountain as Chief Growth Officer where he was responsible for building strategic go-to-market partnerships to accelerate the company’s global footprint. As CRO, he will be responsible for driving Blue Mountain’s revenue strategy, optimizing sales performance, and expanding market opportunities. Pensabene’s proven track record of success in scaling businesses and fostering strong client relationships will be instrumental in accelerating the company’s growth trajectory.

    Further bolstering the leadership team, Christian Rockwell brings a wealth of experience in building marketing organizations to support high growth technology businesses at companies including Advarra, Sparta Systems, Misys and Oracle. As CMO, Rockwell will oversee all aspects of marketing, including brand positioning, product marketing, digital marketing, and go-to-market initiatives. His expertise in executing data-driven marketing strategies will support Blue Mountain’s mission to enhance its industry presence as the market leader and connect with a broader audience.

    “We are thrilled to welcome Keith and Christian to their roles at Blue Mountain,” said David Rode, CEO at Blue Mountain. “Their leadership, industry expertise, and strategic vision will be invaluable as we continue to innovate and scale as a business. We look forward to their contributions in driving sustainable growth and strengthening our market position.”

    About Blue Mountain

    Blue Mountain is the leader in enterprise asset management for Life Sciences. For over 35 years, Blue Mountain has been committed to delivering innovative and high-quality solutions that ensure regulatory compliance, enable operational efficiency and equipment uptime, and provide insights that optimize asset lifecycle management. Trusted by more than 400 Life Sciences companies, the Blue Mountain industry-leading cloud platform helps companies master end-to-end GMP asset management from set-up to installation and from training to validation. Blue Mountain is backed by Accel-KKR and headquartered in State College, PA.

    For more information, please visit www.coolblue.com and follow the company on LinkedIn.

    Media Contact:

    Christian Rockwell
    carockwell@coolblue.com

    The MIL Network –

  • MIL-OSI: Scrut Automation Unveils Teammates: AI-Powered GRC for Growing Companies

    Source: GlobeNewswire (MIL-OSI)

    MILPITAS, Calif., April 21, 2025 (GLOBE NEWSWIRE) — Today, Scrut Automation, the creator of the next-gen GRC platform for fast-growing companies, announced the launch of Scrut Teammates, a system of verticalized AI agents that helps teams streamline and accelerate compliance and cyber risk management operations. This allows growing enterprises to manage both growth and risk more effectively, without having to choose between them. Built on top of the core Scrut Platform which already serves thousands of growing enterprises worldwide, Scrut Teammates helps unlock the next level of GRC automation by bringing intelligence, speed, and scale to compliance and risk workflows. With this launch, Scrut Automation becomes a pioneer in the NextGen GRC space to offer an AI agentic solution that transforms GRC workflows from a paperwork exercise to a risk-first approach. Scrut Teammates also brings forth new use cases of how businesses are able to apply Generative AI to address critical business needs.

    While traditional GRC (Governance, Risk and Compliance) automation addresses workflow orchestration and evidence collection, it still relies heavily on manual judgment to assess the adequacy of those artifacts. Until now, GRC professionals have had to take on effort-intensive tasks that involve cross-checking internal policies and procedures, manually reviewing evidence artifacts, and sifting through large sets of unstructured data to detect issues. This manual, time-consuming work in combination with being constantly prepared for complex audit checks leave little flexibility for GRC teams to design and implement strategic initiatives.  

    This gap is not merely a matter of limited bandwidth—it stems from a widening shortage of expert talent in the cybersecurity space. According to ISACA’s State of Cybersecurity 2024 report, 57% of organizations say their cybersecurity teams are understaffed, and 46% report having open roles for mid- or senior-level positions. The challenge isn’t just hiring more people—it’s accessing the specialized expertise needed to manage today’s complex risk landscape. As a result, many teams are forced to either deprioritize critical GRC initiatives or rely heavily on expensive external consultants to fill the expertise gap—both of which are unsustainable as companies scale.

    Scrut Teammates addresses this gap by introducing an intelligence layer across GRC workflows. Powered by a system of generative AI and machine learning agents built on a proprietary knowledge graph, it brings together an organization’s complex and fragmented data. By mimicking human reasoning, Scrut Teammates interprets context, evaluates resolution paths, and delivers the most relevant, actionable responses.

    “Most tools flag issues and hand you the mess. Scrut gets the workflow. I issue instructions in natural language – it builds the ticket, adds context, drafts the email, and sends it to the right team. No gaps, no bottlenecks,” explains Loris Gutic, Global CISO at Bright Security. “It doesn’t just surface problems – it helps close the loop, fast. For a security-first org, that kind of responsiveness isn’t a luxury, it’s table stakes.”

    Scrut Teammates represents a new development in the GRC space, as its system of agents connects and analyzes data from both internal and external sources. This can include policy documents, cloud configurations, risk assessments, vendor CAIQ responses, regulatory requirements, control best practices, and more. Competing solutions use AI to answer support queries or automate security questionnaire responses. Scrut Teammates proactively tackles process-heavy tasks to identify gaps in risk visibility, suggest fixes, and automate follow up actions, enabling GRC professions to focus on high-impact work. The platform adapts to each company’s unique risk context, making it suitable for organizations and teams at any stage of growth. It delivers:

    • Expert Capacity at your Fingertips – Scrut Teammates delivers both the speed and accuracy a growing company needs by efficiently managing the most urgent cyber risk priorities. By providing relevant contextual knowledge on demand for critical business infrastructure needs, it enhances GRC teams’ talent and capacity.
    • Contextual Intelligence for Any Business – Companies with modern GRC programs need knowledge baked into their workflows to maximize efficiency, but many legacy platforms with new and disparate AI can’t effectively communicate the root of risk events or the solution. Unlocking true value from AI requires context for understanding the risk to a specific environment and the intelligence to help fix it.
    • Compliance Level Trust – Growing companies cannot trust critical data to consumer-grade AI tools. Scrut Teammates was designed with privacy at its core. The data remains within the user’s tenant, ensuring that the unique risk context is only available to them. The platform brings the same focus on accuracy, security, and reliability that has been baked into the founding of the company.

    “Regulations are getting more complex and cyber criminals savvier by the day, and growing companies are increasingly finding themselves in the crosshairs. With the right tools to manage risk and compliance, the GRC teams at these companies can be more agile while aiding business continuity and growth“, says Aayush Ghosh Choudhury, co-founder and CEO at Scrut Automation. “Scrut Teammates was designed with their specific needs in mind to be especially customizable and flexible in different environments. ”

    Scrut Teammates is ISO 42001 certified and will have demos at Scrut Automation’s booth (#2333 in the South Expo Hall) at the RSA conference at the Moscone Center in San Francisco April 28-May 1, 2025. For more details, go to the Scrut Teammates page or contact sales@scrut.io.

    About Scrut Automation

    Scrut Automation, founded in 2021, enables fast-growing enterprises to manage their digital risk with confidence. Backed by Lightspeed, MassMutual Ventures, and Endiya Partners, Scrut supports thousands of organizations across more than 50 countries. Its flagship product, the Scrut Platform, helps users eliminate compliance debt with automated workflows, real-time risk visibility, and built-in expert guidance – empowering GRC teams to do more with less. Learn more at scrut.io.

    Press Contact
    scrut@karbocom.com

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