Source: GlobeNewswire (MIL-OSI)
We are providing the Annual information for 2024 which consists of the audited the separate financial statements of Šiaulių Bankas AB (“the Bank”), the consolidated financial statements of Šiaulių Bankas AB and its subsidiaries (“the Group”), Independent Auditor’s Report and the Consolidated Management Report.
Additional information:
Tomas Varenbergas
Head of Investment Management Division
Attachments
Source: GlobeNewswire (MIL-OSI)
|
Company Announcement No 13/2025 |
Peberlyk 4 6200 Aabenraa Denmark Tel +45 74 37 37 37 Sydbank A/S |
| 31 March 2025 |
Dear Sirs
Sydbank share buyback programme: transactions in week 13
On 26 February 2025 Sydbank announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.
The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.
The following transactions have been made under the share buyback programme:
| Number of shares | VWAP | Gross value (DKK) | |
| Accumulated, most recent Announcement |
168,000 |
74,264,620.00 |
|
| 24 March 2025 25 March 2025 26 March 2025 27 March 2025 28 March 2025 |
19,000 19,000 13,000 13,000 19,000 |
430.60 437.14 443.37 444.66 437.82 |
8,181,400.00 8,305,660.00 5,763,810.00 5,780,580.00 8,318,580.00 |
| Total over week 13 | 83,000 | 36,350,030.00 | |
| Total accumulated during the share buyback programme |
251,000 | 110,614,650.00 |
All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.
Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.
Following the above transactions, Sydbank holds a total of 3,648,502 own shares, equal to 6.68% of the Bank’s share capital.
Yours sincerely
Mark Luscombe Jørn Adam Møller
CEO Deputy Group Chief Executive
Attachment
Source: GlobeNewswire (MIL-OSI)
On 31 March 2025 The General Meeting of Shareholders of AB Šiaulių Bankas unanimously agreed to decision to change the bank’s name to AB Artea bankas. It is expected that the Bank will start operating under the new name and brand as of 5 May, this year.
“This is a historic moment and one of the biggest and most significant changes in the history of the Bank. This change will be directly felt by half a million customers of our Bank Group, as well as thousands of corporate customers and partners.
We aim to continue to be even closer to our customers, providing accessible, flexible and modern banking services.
Artea is more than a new name. It is a strategic change for the bank, extending to our approach to services, customers, partners, employees, investors and community. Changes are comming very soon,” says Vytautas Sinius, CEO of Šiaulių Bankas.
While rebranding, Šiaulių bankas remains the largest Lithuanian-owned bank in the country. Its main shareholders – Lithuanian business leaders Invalda INVL, Tesonet Global, Willgrow and the international European Bank for Reconstruction and Development (EBRD) – unchanged.
The Bank has been consistently preparing for this change and in the comming period will focus on ensuring the rebranding won‘t cause any inconvenience to its customers, who will be able to enjoy smooth access to the daily services provided under the new name Artea.
“We felt that the current name of the bank, which we grew up with and became what we are today, did not reflect our scale and ambition to become the best bank in Lithuania and the first choice for the residents and businesses. We aim to become a bank you want to grow with,” states Vytautas Sinius.
If you would like to receive Šiaulių Bankas’ news for investors directly to your inbox, subscribe to our newsletter.
Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@sb.lt
Source: GlobeNewswire (MIL-OSI)
Today, on 31 March 2025, the Supervisory Board of AS Inbank appointed Erkki Raasuke, an existing Supervisory Board Member, as Chairman of the Supervisory Board for a three-year term, effective 1 April 2025.
Additionally, at the Annual General Meeting held today, Isabel Margaret Anne Faragalli and Sergei Anikin were elected to the Supervisory Board for a three-year term, effective 1 April 2025.
According to Jan Andresoo, the former Chairman of the Inbank Supervisory Board, the appointment of two new independent members and a new Chairman marks a significant step toward a more diverse and independently governed Supervisory Board, which is essential for Inbank’s journey to becoming a public company.
“With Erkki Raasuke leading our Supervisory Board, Inbank gains outstanding expertise in corporate governance, backed by decades of executive experience in banking. His strategic mindset and strong work ethic will be invaluable as we navigate the next phase of our development, and I look forward to working with him,” said Jan Andresoo.
“My professional collaboration with founders Priit and Jan dates back over 20 years. Ever since, I have admired their strategic acumen, entrepreneurial spirit, and strong execution capabilities. Building on these qualities, they have successfully developed a dynamic and agile international business with a strong culture and a highly dedicated team. I am honored to be part of this team and contribute my knowledge and expertise in supporting its continued success. As Chairman, I will focus on steering a high-value, strategically engaged Supervisory Board while actively overseeing risk and audit matters to further strengthen Inbank’s governance and resilience,” said Erkki Raasuke.
Jan Andresoo will remain a Member of the Supervisory Board and take on a hands-on leadership role in shaping Inbank’s new products and channels strategy, supporting the company’s transition into a platform business ahead of its IPO journey.
“Inbank remains a founder-led company, with CEO Priit Põldoja and I actively engaged in building and steering the company toward future growth. My focus will be on ensuring that Inbank continues to innovate and deliver value to our merchant partners and customers,” said Jan Andresoo.
Isabel Faragalli and Sergei Anikin do not hold Inbank shares.
The Inbank Supervisory Board will consist of seven members, including Erkki Raasuke, Jan Andresoo, Roberto de Silvestri, Triinu Bucheton, Raino Paron, and the newly elected members Isabel Faragalli, and Sergei Anikin.
Erkki Raasuke is a seasoned financial executive, non-executive board member, and strategic advisor with extensive experience in banking and corporate governance. From 1994 to 2011, Erkki worked at Hansapank and later Swedbank, holding various senior leadership roles, including CFO and Chairman of the Board. Between 2012 and 2013, he advised the Ministry of Economic Affairs and Communications, focusing on state-owned enterprise governance. He later served as Managing Director of LHV Group (2013-2016), CEO of Luminor Bank (2016–2020) and as CFO at Skeleton Technologies (2021–2024).
Currently, Erkki serves as Chairman of the Supervisory Board at the Estonian Business and Innovation Agency (EIS) and has been a Supervisory Board Member at Enefit Green since 2021. He joined the Inbank Supervisory Board in 2023.
Jan Andresoo co-founded Inbank in 2010 and served as its CEO until 2021, with a primary focus on product strategy. Since 2021, he has chaired Inbank’s Supervisory Board. In addition to his role at Inbank, Jan co-founded Paywerk, a cross-border BNPL e-commerce platform, in 2021, which was acquired by Swedbank in 2024. Between 2006 and 2010, he held various executive positions at Swedbank Leasing. He has also been actively involved in the launch and scale-up of Coop Finants, Veriff, and PSP Maksekeskus.
Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 6,000 merchants, Inbank has 872,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.
Additional information:
Styv Solovjov
AS Inbank
Head of Investor Relations
+372 5645 9738
styv.solovjov@inbank.ee
Source: GlobeNewswire (MIL-OSI)
CHICAGO, March 31, 2025 (GLOBE NEWSWIRE) — The SBB Research Group Foundation recognizes three Chicago-area charities as the March 2025 finalists of its monthly grant program supporting impactful nonprofits (in alphabetical order):
The Foundation encourages any 501(c)(3) nonprofit organization to apply for a grant at sbbrg.org/apply-for-grant. Donations are awarded to different organizations monthly.
About the SBB Research Group Foundation
The SBB Research Group Foundation is a 501(c)(3) nonprofit that furthers the philanthropic mission of SBB Research Group LLC (SBBRG), a Chicago-based investment management firm led by Sam Barnett, Ph.D., and Matt Aven. The Foundation provides grants to support ambitious organizations solving unmet needs with thoughtful, long-term strategies. In addition, the Foundation sponsors the SBBRG STEM Scholarship, which supports students pursuing science, technology, engineering, and mathematics degrees.
Contact: Erin Noonan
Organization: SBB Research Group Foundation
Email: grants@sbbrg.org
Address: 450 Skokie Blvd, Building 600, Northbrook, IL 60062 United States
Phone: 1-847-656-1111
Website: https://www.sbbrg.org
Source: GlobeNewswire (MIL-OSI)
WISeSat.Space Creates WISeSat España SA Subsidiary to Lead European Space Projects from Andalusia and Build a 100% “Made in Europe” Solution Aligned With the IRIS² Strategy
Madrid / Geneva / La Línea, Cadiz – March 31, 2025 – WISeSat.Space, a pioneer in secure satellite connectivity solutions and part of the WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces the creation of its new subsidiary WISeSat España, headquartered in La Línea de la Concepción (Cádiz, Andalusia). This strategic decision represents a decisive step toward the consolidation of a fully European industrial and technological ecosystem in the space and quantum domains, in line with the digital sovereignty priorities defined by the European Union.
The choice of La Línea de la Concepción as the official headquarters of WISeSat España is no coincidence. This Andalusian city, located at a geostrategic point between Europe and Africa, is positioning itself as an emerging hub for technological innovation, thanks to its institutional will, international openness, and proximity to key logistical infrastructures.
Establishing WISeSat in La Línea makes the company a founding pillar of the project LL4GIR.COM, an ambitious public-private initiative aimed at creating a Center for the Fourth Industrial Revolution in southern Europe. This center will promote high-impact projects in artificial intelligence, quantum computing, blockchain, IoT, and space connectivity, transforming the region into a global benchmark for resilience, sustainability, and economic progress.
A 100% “Made in Europe” solution
The launch of WISeSat España aims to build a 100% European space value chain, combining technological sovereignty, security, sustainability, and autonomous access to space. The proposal is fully aligned with the principles of the IRIS² program (Infrastructure for Resilience, Interconnectivity and Security by Satellite), promoted by the European Commission to establish a satellite constellation ensuring secure connectivity across the continent.
The WISeSat España roadmap includes:
A new paradigm of decentralized innovation
The model proposed by WISeSat España breaks with traditional centralized structures. Its vision is to create a decentralized network of European technological nodes, collaborating under principles of transparency, interoperability, resilience, and sovereign control. The La Línea node will serve as the secure space gateway for European institutions, companies, and citizens.
“At WISeSat, we firmly believe that Europe needs its own secure and resilient infrastructure to avoid dependence on external players in critical areas such as space or cybersecurity. With WISeSat España and our partnerships with FOSSA Systems, PLD Space, QuantixS, and SEALSQ, we demonstrate that a 100% European model is not only possible but necessary,” said Carlos Creus Moreira, Founder and CEO of WISeKey.
The January satellite, currently in orbit:
https://wisesat.wisekey.com/?tags=WISeSat
This launch builds on the previous success of WISeSat in collaboration with FOSSA Systems, which achieved the launch of 17 picosatellites to test the resilience and performance of its core technologies. These tests laid the foundation for the current generation of satellites, which, starting in June, will be equipped with more robust security protocols and post-quantum cryptographic infrastructure developed by SEALSQ.
WISeSat also announced a new strategic partnership with Skyroot Aerospace in India. This collaboration will diversify launch operations by enabling satellites to be deployed on alternative orbital trajectories, optimizing constellation coverage and efficiency. The alliance also includes the possibility of manufacturing satellites on Indian soil, to local specifications, further strengthening WISeSat’s global production and launch capabilities.
By the end of 2025, WISeSat satellites will be able to carry out transactions in SEALCOIN tokens with each other and with connected objects on Earth, forming a secure, autonomous mesh network for machine-to-machine (M2M) transactions. This innovation will create a financial and data exchange infrastructure in space, where connected machines will be digitally certified through a “Know Your Object” (KYO) protocol. The KYO process integrates Wecan technology and WISeKey’s WISeID platform, ensuring reliable identity and accountability throughout the ecosystem.
Each WISeSat satellite is built with:
This technological foundation positions WISeSat as a global leader in secure satellite-based IoT infrastructure.
Invitation to Collaborate
WISeSat España invites governments, universities, R&D centers, investors, and technology companies to join this transformative vision. The goal is to build together a new paradigm of smart economic development by integrating emerging technologies, specialized training, high-quality employment, and international cooperation.
About WISeSat.Space
WISeSat.Space AG is pioneering a transformative approach to IoT connectivity and climate change monitoring through its innovative satellite constellation. By providing cost-effective, secure, and global IoT connectivity, WISeSat is enabling a wide range of applications that support environmental monitoring, disaster management, and sustainable practices. The integration of satellite data with advanced climate models holds great promise for enhancing our understanding of climate change and developing effective strategies to combat its impacts. As the world continues to grapple with the challenges of climate change, initiatives like WISeSat’s IoT satellite constellation are essential for creating a more resilient and sustainable future.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.
Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.
Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
Press and Investor Contacts
| WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com media@wisekey.com |
WISeKey Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 lcati@equityny.com |
Source: GlobeNewswire (MIL-OSI)
New potentially life-saving solution aims to enhance combat communication and safety and will not require users to carry additional health monitoring equipment
Netanya, Israel, March 31, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, announced its latest innovation, the development of a tactical sound protection in-ear headset that combines real-time vital life signs monitoring with high communication capabilities. This advanced solution is designed to provide crucial health insights and real-time alerts for users in combat or high-risk environments.
Announced on March 24, 2025, the new in-ear headset will integrate seamlessly with existing communication networks used in military and commercial operations and will allow delivering alerts to commanders and command centers, even when the user is incapacitated. The solution will not require users to carry additional health monitoring equipment, making it ideal for operational personnel where mobility and efficiency are paramount.
Silynxcom’s modular technology allows for future enhancements and customization, enabling the Company to continuously adapt to evolving industry needs.
“We believe that our new in-ear communication solution with real-time health monitoring is a game-changer for both military and commercial operations,” said Nir Klein, Chief Executive Officer of Silynxcom. “This solution can protect users and also enhance their situational awareness while reducing the need for carrying additional health monitoring gear. We believe that our commitment to innovation and quality has made us a trusted partner for military and law enforcement agencies seeking reliable communication solutions that enhance safety and effectiveness in the field.”
Silynxcom’s headsets offer three essential communication features: hearing protection; hearing enhancement for full situational awareness; and an in-ear microphone that detects inner auditory echo to ensure clear communication without the need for an external microphone. The Company’s in-ear headsets are widely recognized for their ability to seamlessly integrate with various professional-grade ruggedized radios used by military and special forces worldwide.
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.
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 its new in-ear communication solution with real-time health monitoring is a game-changer for both military and commercial operations and can give Silynxcom a strategic advantage; this new communications solution is potentially life-saving; the belief that it will protect users and enhance users’ situational awareness while reducing the need for carrying additional health monitoring gear; and the belief that the Company’s commitment to innovation and quality has made it a trusted partner for military and law enforcement agencies seeking reliable communication solutions that enhance safety and effectiveness in the field. Forward-looking statements are based on Silynxcom’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. 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.
INVESTOR RELATIONS CONTACTS:
Michal Efraty
IR Manager
ir@silynxcom.com
Source: GlobeNewswire (MIL-OSI)
|
Resolutions of the Ordinary General Meeting of Shareholders Actions taken and resolutions made according to agenda issues of the Ordinary General Meeting of Shareholders on 31 March 2025:
The consolidated management report was introduced (enclosed).
The conclusion of the independent auditor and the conclusion of the assurance of sustainability reporting were introduced (enclosed).
The comments and proposals of the Bank’s Supervisory Council were announced.
Resolved: 1) To elect UAB “KPMG Baltics” as the audit company to provide sustainability reporting assurance services for Šiaulių bankas AB and the group for the years 2024 and 2025. 2) To determine the price for the sustainability reporting assurance services of Šiaulių bankas AB and the group for the years 2024-2025 at EUR 145 500 (excluding VAT).
The set of financial statements for 2024 has been approved (enclosed). 6. Allocation of Šiaulių bankas AB profit for 2024. The allocation of Šiaulių bankas AB profit has been approved (enclosed). According to approved profit allocation EUR 0.061 dividends per one ordinary registered EUR 0.29 nominal value share will be paid. Record date is 14 April 2025. 7. Determination of the procedure for the acquisition of Šiaulių bankas AB own shares.
1) Resolved to acquire Bank own shares under the following conditions:
vii. to delegate the Management Board of the Bank, in accordance with the provisions of this resolution and the requirements of the Law on Companies of the Republic of Lithuania, the requirements of the Law on Banks of the Republic of Lithuania and other legal acts, as well as, when required with the permission of the supervisory authorities, to make specific decisions regarding the purchase of the Bank’s own shares, to organize buyback of own shares, determine the method and procedure for buying back shares, the time, exact number and price of shares to be acquired, as well as perform other actions related to the purchase and sale of own shares.To establish that after adopting this resolution the resolution of the General Meeting of Shareholders of 29 March 2024 regarding acquisition of the Bank’s own shares shall expire.
2) To establish that after adopting this resolution the resolution of the General Meeting of Shareholders of 29 March 2024 regarding acquisition of the Bank’s own shares shall expire.
8. Approval of the new version of the Articles of Association of Šiaulių bankas AB. The Article of Association of Šiaulių bankas AB was approved (enclosed).
Resolved: 1) To reduce the authorised capital of Šiaulių bankas AB from EUR 192 269 027,34 to EUR 189 195 680,13 by annulling 10 597 749 ordinary registered uncertificated shares of Šiaulių bankas AB with a nominal value of EUR 0,29 each. The total value of the shares to be cancelled is EUR 3 073 347,21. The purpose of the reduction of the authorised capital is to annul the shares acquired by Šiaulių bankas AB. 2) To amend Clause 3.4 of the Articles of Association of Šiaulių bankas AB and to approve the new draft of the Articles of Association: “3.4. The authorized capital of the Bank shall be the total amount of the par values of all registered shares. The authorized capital of the Bank shall amount to EUR 189 195 680.13. The authorized capital of the Bank shall be divided into 652 398 897 ordinary registered shares. The par value of one share shall be EUR 0.29” 3) To authorise the CEO of Šiaulių bankas AB or another person duly authorised by him to sign the new version of the Articles of Association and to arrange for the registration of the amended Articles of Association in accordance with the procedure established by law after obtaining the supervisory authority’s permission to register the amendment to the Articles of Association relating to the reduction of the authorised capital (enclosed).
10. Approval of the updated Remuneration Policy of Šiaulių bankas AB. The Remuneration Policy of Šiaulių bankas AB was approved (enclosed). 11. Approval of the updated Rules for Granting Shares of Šiaulių bankas AB. The Rules for Granting Shares of Šiaulių bankas AB was approved (enclosed).
Resolved: 1) To elect John Michael Denhof as a member of the Supervisory Council of Šiaulių bankas AB until the end of the tenure of the current Supervisory Council. 2) To determine that the elected person will take up his position as a member of the Supervisory Council of Šiaulių bankas AB only after receiving the permission of the supervisory authority.
Additional information: |
Attachments
Source: GlobeNewswire (MIL-OSI)
SEER Engages First Block AI to Assist in its Carbon Division Launch and Funding as well as Develop and Create SEER Security and Utility Tokens Backed by Assets and Fully-Insured Biochar Carbon Credits
Broomfield, CO, March 31, 2025 (GLOBE NEWSWIRE) — Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), forms SEER Carbon Corp. as the entity to spearhead efforts to produce in-house biochar utilizing a patented technology under license from Biochar Now (www.biocharnnow.com) and create high-integrity, fully-insured carbon credits. SEER will transfer certain assets to SEER Carbon Corp. and then raise equity and growth capital through the sale of SEER Carbon security tokens. Additionally, SEER will offer for sale utility tokens backed by the carbon credits generated from the production of its biochar. Biochar carbon credits are among the most valuable credits worldwide and the Company will utilize these credits to back a specialized utility token, which will be sold internationally to targeted industries, including the golf and airline sectors.
Biochar Market Generally www.gosupercritical.com
Market Growth and Quality Concerns
SEER’s High-Quality Biochar, Insured Smart Carbon Credits & Utility Token with Unquestionable Environmental Benefits
SEER, along with its partners, has addressed and resolved concerns in the biochar market. A significant benefit of SEER’s initiative is the production of the highest-quality biochar available globally, as well as the generation of audited, fully-insured carbon credits that can be traded using smart contracts with blockchain verification. This will result in verifiable carbon offsets that ensure recognition and rewards for the environmental benefits of SEER’s various biochar applications. The manufacture of this carbon-rich biochar will generate high-value carbon credits, as well as significant revenue and value for both SEER and its project partners. The Company’s decarbonization and monetization initiatives reflect both government and private sector commitment to reducing carbon emissions while providing significant financial incentives for continued environmental stewardship.
“At the core of this launch will be the production of high-quality biochar at a 60-kiln facility we will build in Texas,” said John Combs, CEO of SEER. “We have selected real estate in the heart of Texas lumber country and have already received an air permit from the TCEQ, which will be transferred to the designated location. The launch of this new division is perfectly in line with SEER’s original corporate mission: to make environmental stewardship and compliance profitable. We will create high-value carbon credits and incorporate a utility token and a 45Q tax program to better achieve our corporate objectives. This new strategy will create additional revenue streams for SEER while adding incremental value for our customers,” Combs continued. “By leveraging the expertise of our existing partners, such as DevvStream (www.devvstream.com ), and bringing on new industry leaders and innovators like First Block AI (www.firstblock.ai), SEER can develop one-of-a-kind environmental solution offerings and enter into the emerging global markets of carbon credits and tokens. We have already commenced initial marketing efforts to possible offtake companies operating in the golf and airline industries,” Combs added.
“First Block is extremely excited to join forces with SEER and Biochar Now,” said Daniel Cannon, CEO of First Block. “The timing for this collaboration is perfect. With increasing international and domestic financial and political tailwinds, the opportunity couldn’t be better to tokenize and monetize SEER’s existing technologies and its new biochar production. First Block will create an entire program to maximize the value of SEER’s product offerings and the creation of its high-value, insured carbon credits,” said Cannon. “There will also be real-time, smart contract verification through SEER’s blockchain-enabled system developed by First Block. This system will be decentralized, immutable, and tamper-proof; meaning once SEER issues a carbon credit, it cannot be altered or falsified. This creates a permanent record of each credit that all stakeholders can trust. Every SEER carbon credit will be permanently recorded on blockchain, providing any customer with an undisputed record of their carbon offsets and environmental compliance,” explained Cannon.
“We have been producing the highest-quality biochar available for over ten years and we have now developed the most secure and valuable carbon credit to go along with it,” said James Gaspard, CEO of Biochar Now. “A Carbon Credit is a tradable certificate representing the right to emit, or offset, one metric ton of carbon dioxide. SEER will generate several carbon credits for every metric ton of our biochar produced under our license, utilizing our patented biochar production technology. SEER will also benefit from Biochar Now’s success in creating a fully insured carbon credit, backed by major financial institutions. Our insurance program ensures the authenticity, permanence, and exclusivity of the verified carbon credits. The insurance program also provides coverage against devaluation, degradation, or invalidation of our verified biochar carbon credit for the life of the carbon credit. Our patented process and insurance essentially eliminate risk and assure the buyer of the authenticity and value of each carbon credit SEER will produce while utilizing our patented biochar production technology at their Texas facility,” said Gaspard.
“It has taken time, but we feel that we have assembled a remarkable team of synergistic companies and highly experienced executives to accomplish our near and mid-term objectives of increasing and diversifying SEER’s revenue with new product lines, expanding our market reach and adding demonstrable value to our technologies for the benefit of our customers and shareholders,” concluded Combs.
________________________________
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion-dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has two wholly-owned operating subsidiaries: MV Technologies, LLC and SEER Environmental Materials, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and PelleChar, LLC. For more information about the Company visit: www.seer-corp.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates,” and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding future performance or fiscal projections, the cost effectiveness, impact and ability of the Company’s products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
Contact Information:
Source: GlobeNewswire (MIL-OSI)
BROSSARD, Quebec, March 31, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a pioneer in early detection of certain ophthalmic health issues using advanced technology based on Artificial Intelligence (AI), is excited to announce the opening of a new office in Fort Lauderdale that will serve to meet potential clients and conduct demos to key stakeholders in the ophthalmic and optometry sectors in Florida.
As part of its growth strategy, DIAGNOS has identified Florida to establish its first office in the United States due its pro-business climate, talented workforce, global connectivity, demographics and quality of life. “We are thrilled to have established an office in the USA and further extend our reach to new clients,” said André Larente, President and CEO of DIAGNOS. Mr. Larente added “our expansion into Florida aligns with our strategic vision of meeting our clients’ needs wherever they may be located.” DIAGNOS plans on hiring its first US employees in the state of Florida.
On February 25, 2025, DIAGNOS announced that it is working on the US FDA certification related to major advances of its AI-assisted fundus image analysis platform that should be available later this year. The updated platform has been redesigned to assist healthcare professionals in the assisted analysis of fundus images as it relates to indicators used in the identification and stratification of diabetic retinopathy, hypertensive retinopathy, and age-related macular degeneration.
DIAGNOS also announces the engagement of DS Market Solutions Inc. (“DSMS”) to maintain an orderly market in the Corporation’s tradeable securities.
As per the agreement signed between DSMS and DIAGNOS, DSMS is entitled to a compensation of CA$5,000 per month, payable in advance in cash, starting April 1, 2025, renewable on a month-to-month basis. DIAGNOS may terminate the agreement upon a 30-day written notice. DIAGNOS will use its own liquidities to pay the monthly compensation of CA$5,000.
Headquartered in Mississauga, in the province of Ontario, Canada, DSMS will provide market-making services with respect to the Corporation’s tradeable securities with the objective of enhancing market depth and increasing liquidity for the Corporation’s securities. Mr. David Sears is the sole owner of DSMS and will be providing the services on behalf of DSMS. DSMS contact is davidsears@dsmarketsolutions.com.
DSMS is acting at arm’s length to the Corporation. As of the date of this announcement, DSMS, together with any of its principals and key employees, do not have any interest, directly or indirectly, in the securities of the Corporation.
The engagement of DSMS remains subject to the acceptance of the TSX Venture Exchange.
DIAGNOS is also announcing the resignation of Mr. Francis Bellido, effective March 27, 2025, from his position as member of the board of directors (the “Board”) and his role as chairman of the audit committee of DIAGNOS.
The Board would like to extend its sincere gratitude to Mr. Bellido for his dedication, hard work, and valuable contribution to DIAGNOS. Mr. Bellido remains a shareholder of DIAGNOS and continues to serve as CEO and director of Quantum eMotion. The Board wishes him continued success in his current role and in all future endeavors.
About DIAGNOS
DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.
Additional information is available at www.diagnos.com and www.sedarplus.ca.
This news release contains forward-looking information. 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 these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: GlobeNewswire (MIL-OSI)
DURHAM, N.C., March 31, 2025 (GLOBE NEWSWIRE) — ServiceTrade, a leading software platform designed to optimize commercial service business operations for growth and profit, is thrilled to announce its recognition as a recipient of the 2025 Bell Seal for Workplace Mental Health by Mental Health America (MHA). This marks the second consecutive year the company has earned this honor. This prestigious award underscores ServiceTrade’s deep commitment to prioritizing employee well-being and fostering a mentally healthy work environment. This philosophy extends beyond its own team to the broader commercial service contracting industry.
ServiceTrade earned the Bell Seal at the Platinum level, joining a distinguished group of organizations dedicated to promoting mental health in the workplace. Since its inception in 2019, the Bell Seal has recognized hundreds of companies across a wide range of industries—including healthcare, government, nonprofit, and financial services—that have worked to improve their workplace cultures, policies, and practices based on employee feedback, benefiting millions of workers across the country.
A People-First Culture to Drive Industry Change
ServiceTrade’s focus on well-being stems from the company’s mission to support commercial contractors facing a growing shortage of skilled technicians. The ongoing skills gap presents a significant challenge for commercial mechanical, fire, and life safety contractors who rely on highly trained technicians. ServiceTrade’s software helps contractors streamline operations and create a supportive, technology-enabled work environment that helps retain their most valuable asset—their technicians.
“We understand that the success of our customers depends on the well-being and retention of their technicians,” said Amy Robertson, Chief People Officer of ServiceTrade. “By creating a positive, mentally healthy work environment at ServiceTrade, we’re investing in our team’s well-being and setting a standard for the contractors we serve. The Bell Seal reinforces a healthy workplace philosophy that provides work-life balance and opportunities to meet professional objectives and participate in collaborative teams, resulting in a thriving workforce. These values benefit not only ServiceTrade but also our customers and partners.”
ServiceTrade has surpassed the rigorous evaluation criteria set by Mental Health America in key areas to earn the Platinum level Bell Seal for Workplace Mental Health. It has demonstrated excellence in workplace culture, mental health benefits, caring beyond compliance, and holistic wellness at work. ServiceTrade’s strategic focus on promoting employees’ well-being, fostering supportive management, implementing fair personnel procedures, and supporting professional development was instrumental in achieving this recognition.
Want to learn more about the ServiceTrade culture? Visit the links below:
About ServiceTrade
ServiceTrade, Inc. is a software platform for commercial mechanical, fire, and life safety contractors. During a chronic skilled labor shortage, ServiceTrade helps commercial contractors increase profit by improving service and project operations, increasing technician productivity, selling more service agreements, and growing customer loyalty. Located in Durham, North Carolina, ServiceTrade was founded in 2012 to automate and streamline the commercial mechanical and fire protection industry and has grown to have more than 1,300 customers. More than 10% of the commercial or industrial buildings in the United States are serviced by contractors using ServiceTrade. Learn more at www.servicetrade.com.
Media Contact:
Media@KTCMarketingandPR.com
Source: GlobeNewswire (MIL-OSI)
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ fourth quarter and year-end results today. The audited consolidated financial statements, management discussion & analysis (“MD&A”), and annual information form for the year ended December 31, 2024 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated.
Mike Maguire, Interim Chief Executive Officer commented:
“With 2024 complete High Arctic has effectively been reset and is now a Canadian focused platform characterized by minimal debt, investment holdings, and an established and viable high margin rental business.
Our rental business footprint, while still small in scale, was bolstered by the Delta Acquisition completed in late 2023, an acquisition that is indicative of the type and structure of accretive investments High Arctic looks to pursue going forward.
The Board of Directors is currently undergoing a process to recruit and appoint a new Chief Executive Officer to augment and lead High Arctic’s vision and strategic plan which is to grow its equipment rentals business and position itself to benefit from upstream energy service activity levels in the western Canadian oil and gas industry.”
In the following discussion, the three months ended December 31, 2024 may be referred to as the “Quarter” or “Q4 2024”, and similarly the year ended December 31, 2023 may be referred to as “YTD 2023”. The comparative three months ended December 31, 2023 may be referred to as “Q4 2023” and similarly the year ended December 31, 2022 may be referred to as “YTD 2022”. References to other quarters may be presented as “QX 20XX” with X being the quarter/year to which the commentary relates.
2024 Highlights
2025 Strategic Objectives
With the corporate restructuring and spinoff of the PNG business complete, the Corporation’s 2025 strategic objectives include:
2024 Strategic Objectives
At the beginning of 2024, High Arctic established a set of strategic priorities. Our priorities and highlights of objectives met include:
RESULTS OVERVIEW
The following is a summary of select financial information of the Corporation:
| Three months ended Dec 31, | Year ended Dec 31, | |||||||
| (thousands of Canadian Dollars, except per share amounts) | 2024 | 2023 | 2024 | 2023 | ||||
| Operating results from continuing operations: | ||||||||
| Revenue – continuing operations | 2,443 | 1,037 | 10,470 | 3,384 | ||||
| Net loss – continuing operations | (715 | ) | 219 | (2,117 | ) | (989 | ) | |
| Per share (basic & diluted) | (0.06 | ) | 0.02 | (0.17 | ) | (0.08 | ) | |
| Oilfield services operating margin – continuing operations | 1,143 | 664 | 5,207 | 2,058 | ||||
| Oilfield services operating margin as a % of revenue | 46.8 | % | 64.0 | % | 49.7 | % | 60.8 | % |
| EBITDA – continuing operations | 178 | (918 | ) | (527 | ) | (2,311 | ) | |
| Adjusted EBITDA – continuing operations | 133 | (672 | ) | 795 | (2,703 | ) | ||
| Operating loss – continuing operations | (533 | ) | (1,408 | ) | (2,965 | ) | (5,163 | ) |
| Cash flow from continuing operations: | ||||||||
| Cash flow from (used in) continuing operating activities | 226 | (874 | ) | 184 | (515 | ) | ||
| Per share (basic & diluted) | 0.02 | (0.07 | ) | 0.01 | (0.04 | ) | ||
| Funds flow from (used in) continuing operating activities | 530 | (335 | ) | 484 | (1,292 | ) | ||
| Per share (basic & diluted) | 0.04 | (0.03 | ) | 0.04 | (0.11 | ) | ||
| 2024 return of capital / 2023 dividends | – | – | 37,842 | 2,190 | ||||
| As at December 31 | |||||||
| (thousands of Canadian Dollars, except per share amounts) | 2024 | 2023 | 2022 | ||||
| Financial position: | |||||||
| Working capital | 2,692 | 62,985 | 59,461 | ||||
| Cash and cash equivalents | 3,123 | 50,331 | 19,559 | ||||
| Total assets | 30,867 | 123,137 | 133,957 | ||||
| Long-term debt | 3,178 | 3,352 | 4,028 | ||||
| Shareholders’ equity | 21,105 | 99,332 | 115,231 | ||||
| Per share (basic) | 1.70 | 8.09 | 9.47 | ||||
| Common shares outstanding | 12,448,166 | 12,280,568 | 12,172,958 | ||||
Fourth Quarter 2024 Summary
Annual 2024 Summary:
Rental services segment
| Three months ended Dec 31, | Years ended Dec 31, | |||||||
| (thousands of Canadian Dollars, unless otherwise noted) | 2024 | 2023 | 2024 | 2023 | ||||
| Revenue – continuing operations | 2,443 | 1,037 | 10,470 | 3,384 | ||||
| Oilfield services expense – continuing operations | (1,300 | ) | (373 | ) | (5,263 | ) | (1,326 | ) |
| Oilfield services operating margin(1) | 1,143 | 664 | 5,207 | 2,508 | ||||
| Operating margin (%) | 46.8 | % | 64.0 | % | 49.7 | % | 60.8 | % |
The Rental Services segment consists of High Arctic’s oilfield rental equipment in Canada, centred upon pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells in the WCSB.
The increase in revenue for the three and twelve month periods ended December 31, 2024, versus the comparable periods in 2023 is a direct result of the contribution from the Delta business that was acquired in late 2023. Specifically, Q4 2024 revenues increased by $1,406 or 136% compared to Q3 2023, with annual 2024 revenues increasing by $7,086 or 209% when compared to annual 2023. Operating margins of 46.8% and 49.7% for the three and twelve months ended December 31, 2024, respectively, are approximately 17 percent and 11 percent lower (on a gross basis) than the comparable periods in 2023, respectively. The reduction in operating margins is primarily a result of the Delta Acquisition, as Delta utilizes a combination of owned and third-party rental equipment in its operations, with third-party rental equipment resulting in higher operating expenses.
Production Services segment
The Production Services segment operations consist of High Arctic’s idled snubbing units in Colorado, U.S., and its equity investments in the Seh’ Chene Partnership and Team Snubbing Services Inc. in Canada. Though the Seh’ Chene Partnership has experienced limited business activity since the 2022 Canadian sales transactions, the partnership is still active and the Corporation together with its partner will look to reposition its customer offerings and explore other avenues for business activity.
Team Snubbing Services Inc.
High Arctic accounts for the results of its 42% equity interest in Team Snubbing using the equity method of accounting, with Team Snubbing’s net earnings recorded as income from equity investments in the respective reporting period. As reported in the Corporation’s 2024 Financial Statements (Note 12), Team Snubbing achieved gross revenues of $26,064 for 2024 versus gross revenues of $21,252 for the comparative period in 2023. This increase in revenues is primarily a result of the consolidation of the results of Team Snubbing International Inc. (“Team International”) for the first time following Team Snubbing’s April 1, 2024, acquisition of control of Team International.
Team International’s operations experienced lower than anticipated activity levels in the Alaskan market in both Q4 2024, and for the year 2024. In addition, during Q2 2024, Team International incurred additional costs for restructuring management and operational teams. The restructuring initiative consolidated Team International’s workforce, “right sizing” it to the needs of the overall customer base and aligning the service delivery with Team Snubbing’s successful Canadian model. Team Snubbing’s domestic Canadian operations experienced similar activity levels in both Q4 2024 and year-to-date 2024, when compared to the same periods of 2023.
High Arctic’s proportionate share of Team Snubbing’s net loss for 2024 was $690 compared to an income inclusion of $803 for the comparable period in 2023, representing a decrease in income from equity investment of $1,493. This year-over-year decline in income from equity investment realized in 2024 was primarily due to the results of Team International.
Liquidity and capital resources
| Three months ended Dec 31, | Years ended Dec 31, | |||||||
| (thousands of Canadian Dollars) | 2024 | 2023 | 2024 | 2023 | ||||
| Cash provided by (used in) continued operations: | ||||||||
| Operating activities | 226 | (874 | ) | 184 | (515 | ) | ||
| Investing activities | (310 | ) | (3,160 | ) | (997 | ) | 25,638 | |
| Financing activities | (430 | ) | 45 | (38,659 | ) | (2,967 | ) | |
| Effect of exchange rate changes on cash | (469 | ) | (745 | ) | 717 | (720 | ) | |
| Increase (decrease) in cash from continuing operations | (983 | ) | (4,734 | ) | (38,755 | ) | 21,436 | |
| (thousands of Canadian Dollars, unless otherwise noted) | As at Dec 31, 2024 |
As at Dec 31, 2023 |
||||
| Current assets | 7,221 | 79,438 | ||||
| Working capital(1) | 2,692 | 62,985 | ||||
| Working capital ratio(1) | 1.6:1 | 4.8:1 | ||||
| Cash and cash equivalents | 3,123 | 50,331 | ||||
| Net cash(1) | (230 | ) | 46,804 |
Operating Activities
In Q4 2024, cash from operating activities from continuing operations was $226, as compared with an outflow of $874 from operating activities from continuing operations in Q4 2023. Funds from operating activities from continuing operations totaled $530 in the quarter versus funds used of $335 for Q4 2023 (see “Non-IFRS Measures”). In Q4 2024, changes in non-cash operating working capital from continuing operations totaled an outflow of $304 compared to an outflow of $539 in Q4 2023.
For the year ended 2024, cash from operating activities from continuing operations was $184 as compared to a use of cash of $515 of cash from operating activities from continuing operations in 2023. Funds from operating activities from continuing operations totaled $484 for the year ended 2024, versus a use of funds of $1,292 for 2023.
Changes in cash from operating activities from continuing operations and funds from operating activities from continuing operations for both the three and twelve months ended December 31, 2024, when compared to the same periods in 2023, were largely the result of the positive impact on the business from the Delta Acquisition. In addition, operating related cash flows in the fourth quarter of 2024 benefitted from reduced G&A costs associated with the Arrangement transaction which was completed in the third quarter of 2024.
Investing Activities
During the fourth quarter, the Corporation’s net cash used in investing activities from continuing operations totaled $310 compared to $3,160 for the prior year comparative quarter. For the year ended 2024, net cash used in investing activities from continuing operations totaled $997 compared to an inflow of $25,638 in the prior year. For the fourth quarter of 2024 and YTD 2024, the majority of expenditures incurred related to sustaining and growth capital for the Rental Services Segment combined with investments in information technology and systems required to support the Corporation upon completion of the Arrangement transaction. YTD 2023 investing activities were impacted by proceeds received on the sale of assets (net of costs) of $29,569, offset in part by the Delta Acquisition in Q4 2023 for $3,430.
Financing Activities
During the fourth quarter, the Corporation’s net cash used in financing activities from continuing operations was $430 compared to an inflow of $45 in the prior year comparative quarter. For the year ended 2024, net cash used in financing activities from continuing operations was $38,659 compared to $2,967 in the prior year. Cash flow from financing activities for the year ended 2024 was impacted by a one-time $37,842 distribution to shareholders in accordance with the completion of the Arrangement transaction. Excluding the impact of the one-time distribution, cash flows related to finance activities were impacted by the normal course receipts and payments on the Corporation’s existing note receivables, lease liabilities and long-term debt.
Working Capital
As at December 31, 2024, the Corporation’s working capital balance was $2,692 compared to $62,985 as at December 31, 2023. The change in working capital is largely due to the spinout of the Corporation’s PNG business combined with the $37,842 return of capital distribution paid during 2024, both of which were completed in connection with the Arrangement transaction.
Long-term Debt
| (thousands of Canadian Dollars) | As at Dec 31, 2024 |
As at Dec 31, 2023 |
||||
| Current | 175 | 175 | ||||
| Non current | 3,178 | 3,352 | ||||
| Total | 3,353 | 3,527 |
The Corporation has mortgage financing secured by lands and buildings owned by High Arctic located within Alberta, Canada. The mortgage has a remaining initial term of under two years with a fixed interest rate of 4.30% with payments occurring monthly. The mortgage financing contains certain non-financial covenants requiring lenders’ consent including changes to the underlying business. As at December 31, 2024, the Corporation was compliant with all covenants associated with the mortgage financing.
2025 Earn-Out Shares issued pursuant to the 2023 share purchase agreement with Delta Rental Services Ltd.
Subsequent to December 31, 2024, the Corporation issued 248,793 shares as part of the settlement of the first-year contingent consideration payable pursuant to the Acquisition of Delta Rental Services Ltd.
Outlook
As a result of the successful execution of the Arrangement and corporate reorganization during 2024, High Arctic has transformed itself. After a decade of significant cash flow generation and cash dividends and distribution to shareholders in excess of $105 million, bold measures were taken to adjust for the decade ahead. The 2024 Arrangement provided shareholders with a separate investment holding and future flexibility through a new publicly traded entity containing the former PNG business (TSXV: HOH) plus a tax efficient cash distribution in the form of a $37.8 million return of capital. It also provided shareholders with a continuing investment in a refined, Canadian focused, and reset High Arctic publicly traded entity.
High Arctic’s Canadian platform is characterized by minimal debt and its continuing operations now consist of:
High Arctic anticipates that its Rental Services segment will continue to generate funds flow from operations commensurate with oil and gas well completion fundamentals in western Canada. The rental business footprint, while still small in scale, was bolstered by the 2023 Delta Acquisition. This acquisition is indicative of the type and structure of accretive investment High Arctic will look to pursue going forward. For 2025, the Rental Services segment is expected to be at a stage whereby operating cash flow covers Corporate segment costs and yields modest funds for organic growth.
High Arctic is at the early stages of a new chapter in its corporate history. The 2024 transformational developments provide a clean platform to enable a new strategic direction. The Board of Directors is currently undergoing a process to recruit and appoint a new Chief Executive Officer to augment and lead High Arctic’s vision and strategic plan. High Arctic’s current intent is to grow its equipment rentals business and position itself to benefit from upstream energy service activity levels in the western Canadian oil and gas industry. Complementary new service lines with high margin, low headcount and low fixed costs, are also being considered.
In summary for 2025, the Corporation expects to continue to execute on the initial phases of its strategic business plan, with progress to date being evidenced by selective capital expenditure investments in its rental business throughout 2024. High Arctic continues to assess acquisition targets that are both complimentary and new to existing customer offerings. Potential benefits of an acquisition for High Arctic include enhancing the scope and scale of its operations; the ability to provide a broader customer service offering; and formalizing/augmenting the leadership team for the Corporation.
Execution of the strategic plan remains opportunistic and is ongoing. The timing and ability to execute on certain underlying objectives, however, has become challenging due to recent divisive global geopolitical developments and resulting global economic uncertainties. These developments include changes and potential changes in global trade policies and tariffs, threats of additional or retaliatory tariffs, and policy shifts as a result of new government leadership in many jurisdictions around the world. The federal election in Canada, set for April 28, 2025, may have a significant impact on long term investment in Canada’s energy industry.
Western Canadian oil and gas activity levels, despite volatility in underlying commodity prices, have benefited from resurgent Canadian upstream activity to meet, and then sustain, growing oil and natural gas export infrastructure capacity. This includes tidewater access off the west coast of Canada through the 2024 Trans Mountain pipeline expansion, expected 2025 LNG Canada pipeline commencement, and land pipeline expansion to the United States through completed projects such as the Line 3 expansion.
NON – IFRS MEASURES
This press release contains references to certain financial measures that do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and may not be comparable to the same or similar measures used by other companies High Arctic uses these financial measures to assess performance and believes these measures provide useful supplemental information to shareholders and investors. These financial measures are computed on a consistent basis for each reporting period and include Oilfield services operating margin, EBITDA (Earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, Operating loss, Funds flow from operating activities, Working capital and Long-term financial liabilities. These do not have standardized meanings.
These financial measures should not be considered as an alternative to, or more meaningful than, net income (loss), cash from operating activities, current assets or current liabilities, cash and/or other measures of financial performance as determined in accordance with IFRS.
For additional information regarding non-IFRS measures, including their use to management and investors and reconciliations to measures recognized by IFRS, please refer to the Corporation’s MD&A, which is available online at www.sedar.com and through High Arctic’s website at www.haes.ca.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation’s actual results, performance, or achievements to vary from those described in this press release.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, among others, statements pertaining to the following: general economic and business conditions, which will include, among other things, the outlook for the energy industry inclusive of commodity prices, producer activity levels and general energy supply and demand fundamentals that may impact the energy industry as a whole; the impact (if any) of geo-political events, changes in government, changes to tariff’s or related trade policies and the potential impact on the Corporation’s ability to execute its 2025 strategic objectives; fluctuations in interest rates and commodity prices; expectations regarding the Corporation’s ability to manage its liquidity risk; raise capital and manage its debt finance agreements; projections of market prices and costs; factors upon which the Corporation will decide whether or not to undertake a specific course of operational action or expansion; the Corporation’s ongoing relationship with its major customers; the Corporation’s ability to seek and execute accretive acquisitions including the timing thereof and the potential operational and financial benefits; the ability to recruit and retain executive officers and other key personnel; management of general and administrative costs; the maintenance of a strong balance sheet and related financial flexibility; the performance of the Corporation’s investment in Team Snubbing; operational and financial performance of the Corporation’s Canadian rental equipment in 2025; scaling the Canadian business, execution on one or more corporate transactions; and estimated credit risks.
With respect to forward-looking statements contained in this press release, the Corporation has made assumptions regarding, among other things, its ability to: maintain its ongoing relationship with major customers; successfully market its services to current and new customers; devise methods for, and achieve its primary objectives; source and obtain equipment from suppliers; successfully manage, operate, and thrive in an environment which is facing much uncertainty; remain competitive in all its operations; attract and retain skilled employees; obtain equity and debt financing on satisfactory terms and manage its liquidity risk.
The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release, along with the risk factors set out in the most recent Annual Information Form filed on SEDAR+ at www.sedarplus.ca.
The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
About High Arctic Energy Services
High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta.
For further information contact:
Lonn Bate
Chief Financial Officer
P: 587-318-2218
P: +1 (800) 688 7143
High Arctic Energy Services Inc.
Suite 2350, 330 – 5th Ave SW
Calgary, Alberta, Canada T2P 0L4
website: www.haes.ca
Email: info@haes.ca
Source: GlobeNewswire (MIL-OSI)
— Leading cloud services providers expand their adoption of EPYC CPUs to meet growing public cloud demand —
SANTA CLARA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced 5th Gen AMD EPYC™ processors power the Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. 5th Gen AMD EPYC processors, the world’s best server CPUs for enterprise, AI and cloud1, enable OCI Compute E6 shapes to deliver up to a 2X increase in cost to performance, compared to the previous E5 instance generation based on testing by OCI2.
The new OCI Compute E6 shapes build on the success of the previous E5 generation to deliver leadership performance and cost efficiency for general-purpose and compute-intensive workloads. These OCI shapes add to the selection of more than a thousand compute instances powered by AMD EPYC processors across all major cloud service providers.
“The rapid adoption of AMD EPYC processors in the cloud underscores our ability to deliver innovative, high-performance solutions that enable our partners to create highly competitive cloud offerings,” said Dan McNamara, senior vice president and general manager, Server Business, AMD. “The combination of OCI’s flexible infrastructure and the performance of 5th Gen AMD EPYC processors helps customers accelerate their most demanding workloads while optimizing their cloud infrastructure.”
“Oracle Cloud Infrastructure is committed to providing our customers with the best-performing, most cost-effective cloud offerings,” said Donald Lu, senior vice president, software development, Oracle Cloud Infrastructure. “With the new OCI Compute E6 Standard shapes powered by AMD EPYC processors, we are delivering an unparalleled combination of compute power, scalability, and efficiency that meets the demands of today’s most complex workloads.”
Availability and Customer Adoption
OCI Compute E6 Standard bare metal instances and virtual machines are available today in multiple regions, including US East (Ashburn), US West (Phoenix), US Midwest (Chicago), Germany Central (Frankfurt), and UK South (London), with a rollout planned for additional regions in the coming months.
Supporting Resources
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and Twitter pages.
AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
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1 EPYC-029D: Comparison based on thread density, performance, features, process technology and built-in security features of currently shipping servers as of 10/10/2024. EPYC 9005 series CPUs offer the highest thread density, leads the industry with 500+ performance world records including world record enterprise leadership Java® ops/sec performance, top HPC leadership with floating-point throughput performance, AI end-to-end performance with TPCx-AI performance and highest energy efficiency scores. Compared to 5th Gen Xeon, the 5th Gen EPYC series also has more DDR5 memory channels with more memory bandwidth and supports more PCIe® Gen5 lanes for I/O throughput, and has up to 5x the L3 cache/core for faster data access. The EPYC 9005 series uses advanced 3-4nm technology, and offers Secure Memory Encryption + Secure Encrypted Virtualization (SEV) + SEV Encrypted State + SEV-Secure Nested Paging security features. For additional details, see https://www.amd.com/en/legal/claims/epyc.html#q=epyc5#EPYC-029D
2 OCI launches high-performance E6 Standard compute instances powered by AMD: Comparative workload performance per core cost analysis for E5 and E6 shapes – https://blogs.oracle.com/cloud-infrastructure/post/oci-launches-highperformance-e6-standard-compute-instances-powered-by-amd
Source: GlobeNewswire (MIL-OSI)
KANSAS CITY, Mo., March 31, 2025 (GLOBE NEWSWIRE) — Designated as National Financial Literacy Month, April is intended to raise awareness about the importance of financial education and to encourage healthy financial habits. Yet, a survey conducted by Spruce, the mobile banking app built by H&R Block1, 2, reveals many may be relying on platforms where virality is valued over validity. The findings underscore the growing role of digital content in shaping financial habits and the pressing need for reliable, accessible financial education in today’s technology-driven landscape.
The survey highlights a generational shift in financial education, with younger consumers, particularly Gen Z, increasingly turning to social media for financial tips and education, while older generations more heavily rely on traditional sources like family and banking institutions. The survey also revealed the impact of social media on their financial choices and their confidence in managing money. Despite the digital media shift, financial tools and apps remain essential across all generations.
“With nearly 70% of Gen Z influenced by financial trends on social media, it’s clear they are open to improving their financial knowledge, but it’s also imperative they have the capacity to discern fact from fiction, which is obviously difficult,” said John Thompson, Vice President, Spruce. “This Financial Literacy Month, we want to empower individuals to take control of their finances by offering a safe and accessible space to manage their money with Spruce as they learn, plan, and build a secure financial future.”
Financial Education Pivots from Tradition to Trends
The survey data paints a clear picture: traditional sources of financial education are being supplemented—and in some cases, supplanted—by newer sources, often on platforms where the origin or the validity of the guidance may not be clear.
Parents and banking institutions remain the most common sources of financial education. While the landscape is evolving, key findings highlight a critical gap in formal education:
Social media, however, has become an increasingly popular source of financial information, particularly among younger generations, with 16% of all respondents looking to social media for financial education.
Viral Tips on Social Sway Financial Behaviors
The survey also explored the impact of social media trends on financial behavior, examining the influence of viral concepts, which includes ideas like soft saving, loud budgeting, cash stuffing, and doom spending on consumer choices.
These viral trends have proven to play a significant role in shaping financial behaviors, with 37% of respondents admitting they have been swayed by social media and tried a finance trend they discovered online.
Among the platforms driving this shift, TikTok (39%) and Instagram (34%) are the most popular sources of financial information for Gen Z, followed by Facebook (23%) and even podcasts (17%). These findings highlight the growing impact of digital content on personal finance decisions, particularly among younger generations.
Digital Tools Bolster Financial Management
Online financial tools and apps have become essential for money management, with Millennials and Gen Z being the most likely to utilize them for everyday matters such as keeping track of a budget, planning for the future or establishing savings. Credit score monitoring emerged as the most common use case among respondents (38%). Budgeting was cited as a key priority, with 29% of respondents using financial tools or apps to track their expenses.
However, reliance on digital financial tools extends beyond convenience—confidence in making major financial decisions is bolstered by the use of online tools or apps. From our findings, 66% of Gen Z share that they are not confident or only somewhat confident in making large decisions without digital assistance. These findings highlight the increasing role of technology in empowering individuals across all generations to manage their finances with greater confidence and ease. Furthermore, many of the traditional rules-of-thumb for financial management are becoming out of reach, and tools to support decision-making become even more critical when thinking through more nuanced choices in a more complicated financial world.
With 70% of American households working to become “financially healthy,”3 selecting the right resources that promote sound financial practices is essential. According to John Thompson for many people this can start with selecting a mobile banking solution with no sign-up fees, no minimum balance requirements, and no monthly fees, while also offering features, such as the Watchlist budget tracker and multiple saving goals, that can aid in financial planning and management.
“We purposefully designed Spruce to remove barriers to accessing useful banking tools, such as the ability to customize saving goals, earn high-yield interest and provide access to innovative tools and features that can help improve financial wellness such as the ability to set spending guardrails, jumpstart savings with a tax refund allocation, and view credit score insights4 at any time,” said Thompson. “By opting into savings with 3.50% APY,5 you can build your savings faster than at the national average rate6.”
To learn more about Spruce’s saving, budgeting, spending, and other financial-planning features, and how you can make your money go further, visit sprucemoney.com. To take advantage of the many secure and innovative tools offered through Spruce, sign up here. To get access to financial articles vetted by experts, head over to sprucemoney.com/resource-center/news/.
1Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward®, N.A., Member FDIC, pursuant to license by Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
2Research conducted with Morning Consult via online research on the omnibus fielded in March 2025 among a national sample of 2,200 adults. All data are weighted to their respective representative sample on age, ethnicity/race, education, and region based on in-market available data (such as the U.S. Census). Results from the full survey have a margin of error of +/- 2 percentage points.
3Research conducted by the Financial Health Network: Financial Health Pulse® 2024 U.S. Trends Report.
4Credit score is FICO® Score 8 based on Experian data. Your lender or insurer may use a different FICO Score than FICO Score 8, or another type of credit score altogether. FICO® is a trademark of Fair Isaac Corporation. This is a separate service from your Spruce Spending and Savings accounts, provided by Pathward®, N.A., Member FDIC.
5The Annual Percentage Yield (APY) is accurate as of 04/02/2025. This rate is variable and can change without notice. Fees may reduce earnings. To start earning interest on your Spruce Savings Account, simply opt in through the Spruce app or at sprucemoney.com.
6Based on FDIC average national savings rate as of 04/02/2025.
About H&R Block
H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.
About Spruce
Spruce helps you stay in control of your money through spending and savings accounts backed by technology that provides budgeting tools, automatic saving options, and financial insights that help you be good with money. To learn more, see sprucemoney.com/features.
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at Pathward.com.
Source: GlobeNewswire (MIL-OSI)
New York, NY, March 31, 2025 (GLOBE NEWSWIRE) — In response to the growing trend of intelligent digital asset trading worldwide, AIXOR Exchange has officially stepped onto the international stage with its top-tier security system, advanced technological architecture, and the new AI trading system Genesis AI Pro 5.0, promising a more efficient, secure, and intelligent trading experience for global investors.
AIXOR: A New Generation of Intelligent Exchanges Redefining Digital Asset Trading
As a leading cryptocurrency trading platform, AIXOR is committed to becoming the most trusted global digital asset trading center with its core philosophy of “Security, Professionalism, Intelligence.” The exchange not only offers a variety of investment options such as spot trading, contracts, ETFs, and leverage trading but also leverages AI technology to give investors an edge in the new era of digital finance.
AIXOR’s core advantages include:
– op-tier Security Protection, Asset Safety Guaranteed
AIXOR employs military-grade security systems, integrating multi-signature authentication, cold and hot wallet separation, and AI risk control systems. It strictly adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulatory standards to ensure the safety of user assets and transactions.
– Lightning-Fast Trading Experience, Millisecond Execution
With a super-fast matching engine, AIXOR handles millions of concurrent orders and achieves transaction execution speeds in milliseconds, guaranteeing precise order execution even under extreme market conditions to avoid slippage.
– Diverse Trading Products to Meet Various Needs
The platform supports multiple trading modes such as spot, contracts, leverage, ETFs, liquidity mining, and staking, covering mainstream crypto assets such as BTC, ETH, SOL, XRP, among others, and continually expands to offer new investment products, providing users with diverse asset allocation choices.
– Global Compliance Qualifications, Trustworthy
AIXOR holds multiple financial licenses in various countries, including the US MSB (Number: 31000292188716) and SEC certification, rigorously complying with international regulatory requirements to ensure transparency, safety, and legality in trading.
Genesis AI Pro 5.0: Breaking Traditional Trading Strategies with AI-Driven Intelligent Investment
The core technological advantage of AIXOR Exchange is embodied in its brand-new AI trading system—Genesis AI Pro 5.0. As an industry-leading AI-driven trading technology, Genesis AI Pro 5.0 features three core breakthroughs:
– Adaptive to Market Changes, Smartly Optimizing Trading Strategies
Unlike traditional trading systems with fixed rules, Genesis AI Pro 5.0 can dynamically learn market trends and automatically optimize trading strategies, managing to maintain robust performance even in highly volatile market environments, helping investors reduce risks and enhance returns.
– Cross-Market Compatibility, More Flexible Asset Allocation
Genesis AI Pro 5.0 is not only applicable to the cryptocurrency market, but it also spans multiple markets including stocks, forex, and futures, allowing investors to achieve dynamic allocation across various asset classes through the system, maximizing capital efficiency.
– Millisecond Trading Execution, Accurately Catching Market Opportunities
Based on big data analysis and AI smart decision-making, Genesis AI Pro 5.0 completes market scanning, risk assessment, and trade execution in milliseconds, helping users lock in the best trading opportunities at the first moment of market changes.
AIXOR, Leading a New Era of Cryptocurrency Trading
The inception of AIXOR Exchange is not only a significant breakthrough in the global digital asset trading market but also a model for the integration of AI technology and blockchain finance. Moving forward, AIXOR will continue to promote intelligent trading, providing global users with a more efficient, secure, and transparent investment environment.
Join AIXOR now and embark on a new era of intelligent trading!
About AIXOR
AIXOR is a global leading digital asset exchange dedicated to providing a secure, efficient, and intelligent trading environment through AI technology and blockchain innovation. The platform covers a variety of investment products including spot trading, contracts, ETFs, and leverage trading, and holds global compliance licenses to offer professional digital asset trading services to investors worldwide.
Media Contact
Company Name: AIXOR
Website: https://altafs.com
Contact: Jimmy anne
Email: server(at)altafs.com
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Source: GlobeNewswire (MIL-OSI)
BOSTON, March 31, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, reinforces its dedication to expanding homeownership access by hosting RateUniversity Boston, a free first-time homebuyer education event on Saturday, April 26, 2025, from 10 AM to 1 PM at Roxbury Community College, Building 3.
Visit Rate.com to Register Today
RateUniversity is more than just a financial literacy event—it’s a unique, interactive experience designed to bridge the financial knowledge gap that affects adults from all backgrounds. While many financial workshops focus on underserved communities, RateUniversity recognizes that a lack of financial education is a widespread issue, even among college graduates and working professionals. The program is structured to provide practical, strategic knowledge about credit, mortgages, and financial tools that empower individuals to build wealth through homeownership.
“RateUniversity is not just another financial workshop. It’s about filling the massive knowledge gap for so many adults, regardless of their background or education level,” said Shant Banosian, President of Rate Mortgage. “Most people graduate high school, college, and even advanced degree programs. But, they never learn how credit works, how to leverage a mortgage, or how financial products can be a tool for building wealth. That’s a huge problem. RateUniversity is designed to change that by making financial education accessible, engaging, and directly applicable to people’s lives. We want to give people the knowledge they need to make informed decisions, take control of their financial future, and ultimately, build generational wealth.”
Originally launched in Chicago, RateUniversity continues to expand into new cities, bringing financial education to diverse communities in an engaging, culturally relevant, and interactive format. Attendees of the Boston event will participate in bilingual workshops in English and Spanish, covering essential financial topics such as building credit, understanding mortgage options, and accessing specialized affordable lending programs. Bilingual loan officers will be available for one-on-one consultations, answering questions and assisting with pre-approvals.
RateUniversity attendees can expect:
In addition, attendees who complete the program and proceed with a home purchase will be eligible for a $500 closing cost credit.
“At Rate, we are committed to making financial wellness an integral part of homeownership,” said Arlyn Kalinski, SVP of Fair & Equitable Lending Strategies for Rate. “RateUniversity isn’t just about learning the basics of credit and mortgage lending—it’s about empowering people with the tools and strategies they need to build a stronger financial future. By delivering expert guidance in multiple languages and partnering with community organizations, we’re creating real opportunities for more families to achieve homeownership.”
Media Availability
The Rate team will be available for media interviews. Please contact press@rate.com for direct coordination.
For more information or to register for RateUniversity, visit rate.com/rateuniversity.
About Rate
Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service.
Honors and awards include Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years.
Visit rate.com for more information.
Media Contact
press@rate.com
Source: GlobeNewswire (MIL-OSI)
PALO ALTO, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO) today announced the expansion of its portfolio of optical interconnect solutions to enable AI infrastructure. These innovative technologies, including advancements in co-packaged optics (CPO), 200G/lane DSP and SerDes, 400G optics, and PCIe Gen6 over optics, will be showcased at the 2025 Optical Fiber Communications Conference and Exhibition (OFC). Broadcom’s demonstrations highlight the company’s roadmap towards 200T optical interconnect solutions.
AI workloads are rapidly increasing, driving the need for higher bandwidth, lower latency, and more power-efficient optical interconnects. Broadcom is meeting these evolving demands with a comprehensive portfolio of innovative solutions designed to support the growth and scalability of AI clusters. These solutions include low-power, high-bandwidth DSP, SerDes and CPO for reduced power consumption and improved signal integrity, and PCIe Gen6 over optics for enhanced connectivity between AI accelerators and other system components.
At OFC, Broadcom is showcasing a wide range of novel technologies underscoring our commitment to developing cutting-edge solutions for AI infrastructure:
“OFC’s 50th anniversary provides the opportunity to recognize the industry’s many achievements, including Broadcom’s industry-first contributions to this field,” said Charlie Kawwas, Ph. D., President, Semiconductor Solutions Group, Broadcom. “A year ago, Broadcom committed to pushing technical boundaries to pioneer new open, scalable and power-efficient technologies to enable AI infrastructure. Our portfolio of optical interconnect solutions, highlighted at OFC 2025, paves the way to 200T by addressing the performance, power, and scalability challenges of AI clusters.”
In addition, Broadcom is collaborating with more than 15 partners to demonstrate a wide array of its industry-leading solutions across the show floor. Throughout the conference, Broadcom is speaking on the technical challenges and advancements in optical networking and communications. Key talks and technical panel sessions this year include:
The 2025 conference takes place in San Francisco from March 30 to April 3. To learn more about these technical speaking sessions, joint partner demonstrations, technology showcases, key Broadcom news, and other activities at OFC, please visit here.
About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.
Broadcom, the pulse logo, and Connecting Everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.
Press Contact:
Khanh Lam
Global Communications
press.relations@broadcom.com
Telephone: +1 408 433 8649
Source: GlobeNewswire (MIL-OSI)
ST. PETERSBURG, Fla., March 31, 2025 (GLOBE NEWSWIRE) — BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its first quarter results after the market close on Thursday, April 24, 2025. Management will host a conference call on Friday, April 25, 2025, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
Interested investors may listen to the call live under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals are invited to dial (800) 549-8228 to participate in the call using Conference ID 90275. A replay of the call will be available for one year at www.bayfirstfinancial.com.
About BayFirst Financial Corp.
BayFirst Financial Corp. is a registered bank holding company based in St. Petersburg, Florida which commenced operations on September 1, 2000. Its primary source of income is derived from its wholly owned subsidiary, BayFirst National Bank, a national banking association which commenced business operations on February 12, 1999. The Bank currently operates twelve full-service banking offices throughout the Tampa Bay-Sarasota region and offers a broad range of commercial and consumer banking services to businesses and individuals. It was named the best bank in Florida in 2024, according to Forbes and was the 9th largest SBA 7(a) lender by number of units originated and 16th largest by dollar volume nationwide through the SBA’s quarter ended December 31, 2024. As of December 31, 2024, BayFirst Financial Corp. had $1.29 billion in total assets.
Forward-Looking Statements
In addition to the historical information contained herein, this presentation includes “forward-looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. These statements are subject to many risks and uncertainties, including, but not limited to, the effects of health crises, global military hostilities, weather events, or climate change, including their effects on the economic environment, our customers and our operations, as well as any changes to federal, state or local government laws, regulations or orders in connection with them; the ability of the Company to implement its strategy and expand its banking operations; changes in interest rates and other general economic, business and political conditions, including changes in the financial markets; changes in business plans as circumstances warrant; risks related to mergers and acquisitions; changes in benchmark interest rates used to price loans and deposits, changes in tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the SEC, including, but not limited to those “Risk Factors” described in our most recent Form 10-K and Form 10-Q. Readers should note that the forward-looking statements included herein are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements.
| Contacts: | |
| Thomas G. Zernick | Scott J. McKim |
| Chief Executive Officer | Chief Financial Officer |
| 727.399.5680 | 727.521.7085 |
Source: GlobeNewswire (MIL-OSI)
FOSTER CITY, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Incorta, the pioneering open data delivery platform, today announced it has been named a Workday Innovation Partner. The expanded partnership helps organizations streamline and accelerate enterprise data accessibility.
“Expanding our partnership with Workday is a testament to Incorta’s relentless focus on innovation and value delivery,” said Osama Elkady, CEO of Incorta. “Together, we unlock the full potential of enterprise data, empowering customers to make precise, data-driven decisions with unprecedented speed and confidence.”
Transforming Data Accessibility with Workday Adaptive Planning
Since becoming a Workday partner in May 2024, Incorta and Workday have been redefining how enterprise data is accessed and utilized. Together, they’re streamlining data delivery and empowering businesses to make faster, more informed decisions. By dramatically reducing the time and effort required to prepare complex enterprise data for analysis, Incorta and Workday are setting a new standard for data-driven planning and forecasting.
Incorta’s unique Direct Data Mapping technology enables Workday Adaptive Planning customers to access the most timely, complete enterprise data – across finance, operations and supply chain – while significantly reducing the need for traditional data engineering and transformation efforts that often consume excessive time, money and resources. By eliminating complex ETL pipelines, this integration seamlessly extracts subledger-level detail from a variety of operational systems—including ERP, CRM, HCM, MSE and more—ensuring finance and operations teams have real-time, comprehensive insights for planning and decision-making.
Incorta’s Integration with Workday Adaptive Planning Provides Organizations with:
For more information, visit Incorta’s page on Workday Marketplace.
About Incorta
Incorta is the first and only unified data analytics platform that enables real-time analysis of live, detailed data across all systems of record—without the need for complex ETL processes. By enabling direct analysis on raw, source-identical data, Incorta provides faster, more accurate insights while removing barriers to exploration. With intuitive low-code/no-code tools, AI-powered querying through Nexus, and prebuilt business data applications, enterprise teams can quickly surface insights, break down technical roadblocks, and make smarter decisions without heavy engineering effort. For more information, please visit www.incorta.com.
Media Relations Contact:
Elizabeth Byington
incorta@sparkpr.com
Source: GlobeNewswire (MIL-OSI)
MIAMI, March 31, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the data security leader, is proud to announce its new status as a Sustaining Partner with Black Hat and share its full event schedule for Black Hat Asia 2025, taking place April 1 – 4 in Singapore.
As a new Sustaining Partner, Varonis joins an elite group of security leaders that includes CrowdStrike and Wiz. The partnership underscores Varonis’ commitment to advancing cybersecurity knowledge and innovation through its ongoing presence at Black Hat’s global events, including Black Hat Asia, Black Hat USA, SecTor, and others.
Varonis is pleased to announce its return to Black Hat Asia this week and invites attendees to visit our booth and engage with our team:
Visit Varonis: Stop by booth #509 in the Business Hall to learn how Varonis’ cloud-native Data Security Platform enables organizations to protect data and reduce risk in the AI age. Hear how Varonis helps customers identify, remediate, and alert to threats on data across IaaS and SaaS with game-changing automation.
Expert Session – Safely Enabling AI Copilots with Varonis: During this session, Varonis Cloud and Security Architecture Director Mike Thompson will demonstrate how easily your company’s sensitive data can be exposed using simple prompts with Microsoft 365 Copilot. Hear practical steps and strategies to help you roll out AI safely and prevent data exposure.
Date: Thursday, April 3, at 10:15 a.m.
Location: Business Hall Theater A
Additional Resources:
About Varonis
Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.
Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.
Varonis protects data first, not last. Learn more at www.varonis.com.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com
Source: GlobeNewswire (MIL-OSI)
RALEIGH, N.C., March 31, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced the global expansion of JustPerform, an all-in-one financial planning, forecasting, and close companion. The financial performance platform is now available in APAC, North America, the UK, and Ireland.
Finance teams often struggle with the complexity of implementing and maintaining traditional systems, hindering their ability to plan, close, and report effectively. JustPerform addresses this with an all-in-one solution enabling effortless collaboration on plans, faster closes, accurate reporting, and confident decision-making without IT reliance. Featuring an intuitive, Excel-like interface and step-by-step guidance, the platform simplifies even the most complex tasks. Users can master processes in under five minutes and establish consistent workflows for reliable, repeatable results.
“Growing expectations for finance to serve as a strategic business partner fuel demands among finance professionals for a unified approach to planning, forecasting, and closing,” said Monica Boydston, General Manager, EPM & Controllership at insightsoftware. “JustPerform’s intuitive interface enables finance teams to hit the ground running. Finance-driven ownership empowers teams to streamline processes and focus on delivering strategic insights that drive business impact.”
Key Capabilities Include:
“JustPerform successfully addresses the key requirements of the planning, forecasting, and reporting market with its unified, cloud-native platform designed around the needs of finance professionals,” said Craig Schiff, President and CEO of BPM Partners. “Many finance teams struggle with patching together siloed systems and legacy products. JustPerform delivers a truly modern and connected experience. Its human-centered design simplifies complex processes, ensuring accessibility and adaptability. The platform easily scales as user count and data volume grow over time, combining usability and precision—essential traits for financial professionals seeking both efficiency and flexibility.”
Discover how JustPerform provides 60%-time savings in data transformation, a 50% reduction in manual close cycles, 40% faster budget preparation, and twice the return on investment. Join the “Financial Performance, for the Way You Work” webinar on April 10, 2025, at 10 am ET, to learn more about how this finance companion helps organizations hit the ground running. Register here.
About insightsoftware
insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity. Learn more at insightsoftware.com.
Media Contacts
Inkhouse for insightsoftware
insightsoftware@inkhouse.com
Daniel Tummeley
Corporate Communications Manager
PR@insightsoftware.com
Source: GlobeNewswire (MIL-OSI)
TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — The Energy Income Fund (TSX: ENI.UN) (the “Fund”) announced today that Artemis Investment Management Limited (“Artemis”), the Fund’s trustee and manager, has implemented changes to its board of directors. Effective March 31, 2025, Gavin Swartzman, a long-standing director of Artemis, has retired from the board.
Artemis extends its sincere appreciation to Mr. Swartzman for his dedicated service and valuable contributions throughout his tenure. His leadership and guidance have been instrumental in supporting Artemis’s oversight and management of the Fund.
Concurrently, Artemis has appointed Dani Shields as a director of Artemis, effective March 31, 2025. Ms. Shields, currently serving as Senior Vice President and General Counsel of Peerage Capital, an Artemis-affiliated company, brings extensive experience in mergers and acquisitions, private equity, employment law, real estate portfolio management, and financial transactions.
Artemis is pleased to welcome Ms. Shields to its board of directors.
For further information, please contact Artemis Investment Management Limited’s investor relations at (416) 934-7455, email info@artemisfunds.ca, or visit www.artemisfunds.ca.
Source: GlobeNewswire (MIL-OSI)
TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — The Citadel Income Fund (TSX: CTF.UN) (the “Fund”) announced today that Artemis Investment Management Limited (“Artemis”), the Fund’s trustee and manager, has implemented changes to its board of directors. Effective March 31, 2025, Gavin Swartzman, a long-standing director of Artemis, has retired from the board.
Artemis extends its sincere appreciation to Mr. Swartzman for his dedicated service and valuable contributions throughout his tenure. His leadership and guidance have been instrumental in supporting Artemis’s oversight and management of the Fund.
Concurrently, Artemis has appointed Dani Shields as a director of Artemis, effective March 31, 2025. Ms. Shields, currently serving as Senior Vice President and General Counsel of Peerage Capital, an Artemis-affiliated company, brings extensive experience in mergers and acquisitions, private equity, employment law, real estate portfolio management, and financial transactions.
Artemis is pleased to welcome Ms. Shields to its board of directors.
For further information, please contact Artemis Investment Management Limited’s investor relations at (416) 934-7455, email info@artemisfunds.ca, or visit www.artemisfunds.ca.
Source: GlobeNewswire (MIL-OSI)
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TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) is pleased to announce the closing of a non-brokered private placement of debentures (the “Debentures”) in the principal amount of $1,267,000.
The Debentures will mature five (5) years and one day after the issue date (the “Maturity Date”) and will bear interest at the rate of 10.5% per annum, payable quarterly in arrears on the last day of March, June, September and December in each year until the Maturity Date. The first interest payment will be made at the end of the first calendar quarter following the closing date (the “Initial Interest Payment Date”) and will consist of interest accrued from and including the closing date to the Initial Interest Payment Date. Interest will be payable in cash only and will cease to accrue on the Maturity Date.
Proceeds of the offering will be used for working capital and general corporate purposes.
About Hampton Financial Corporation
Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments.
Through its wholly-owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad and HSL’s Corporate Finance Group provides early stage, growing companies the capital, they need to create value for investors. HSL continues to develop its Wealth Management, Advisory Team and Principal-Agent programs which offers to the industry’s most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support, and tax effectiveness as they build and manage their professional practice.
Through its wholly-owned subsidiary, Oxygen Working Capital (“OWC”) the company offers factoring and other commercial financing services to clients across Canada.
For more information, please contact:
Olga Juravlev
Chief Financial Officer
Hampton Financial Corporation
(416) 862-8701
Or
Peter M. Deeb
Executive Chairman & CEO
Hampton Financial Corporation
(416) 862-8651
The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States or to a U.S. person absent registration or pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.
Forward-Looking Statements
This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements“) within the meaning of applicable Canadian securities laws, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “should”, “hopeful”, “recovery”, “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project” or similar words, including negatives thereof, suggesting future outcomes.
Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors beyond the Company’s ability to predict or control which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein. Forward-looking statements are not a guarantee of future performance. Although the Company believes that any forward-looking statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such statements, there can be no assurance that any such forward-looking statements will prove to be accurate. Actual results may vary, and vary materially, from those expressed or implied by the forward-looking statements herein. Accordingly, readers are advised to rely on their own evaluation of the risks and uncertainties inherent in forward-looking statements herein and should not place undue reliance upon such forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Any forward-looking statements herein are made only as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
Source: GlobeNewswire (MIL-OSI)
80% of those surveyed are planning to spend more on trips next year; almost half of those who spend $25K per vacation plan to spend much more than before
97% ultra luxury travelers say they are likely to take a trip to reduce stress, reduce anxiety and/or fully unplug in the next year
Discerning travelers continue to prioritize simplicity and security for high-value payments
BOSTON, March 31, 2025 (GLOBE NEWSWIRE) — Elite travelers are seeking highly-personalized, exclusive and high-end travel experiences that will enhance their own wellbeing, according to a new report from Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company. And on a quest to feel recharged and enriched, these ultra luxury travelers are prepared to pay what it takes to have unique access to experiences. Among those who spend more than $25,000 per vacation, almost half say they are prepared to spend much more than before for once in a lifetime travel experiences.
Flywire’s new report, Unlocking ultra luxury travel in 2025, based on a survey of more than 500 ultra luxury travelers from the U.S., details the preferences of this elite class of travelers and the implications for the travel providers who cater to this market. Exploring topics from accommodation preferences and high-end advisors to payment security and choice, the findings suggest that to meet travelers’ demands, providers will need to offer seamless customer experiences and exclusive experiences that are personalized, high-touch and frictionless from start to finish.
“Our research shows us that ultra luxury travelers are as motivated by the ability to unplug from the world in their travels as they are to have once-in-a-lifetime experiences. More so, many of them are planning to spend more in pursuit of these experiences than before, reflecting luxury travel’s resilience and expanding global appeal,” said Colin Smyth, SVP and GM of Travel at Flywire.
Ultra luxury travelers value tailor made experiences and highly personalized service interaction, relying on advisors for true luxury experience
Luxury travel is about more than just exclusive accommodations, according to 92% of respondents it’s more the access to people, places and experiences that represent all that is authentic about a destination. Moreover, half of respondents said that, for them, luxury travel is defined by once in a lifetime and personalized experiences.
Key to curating these experiences, according to 96% of ultra luxury travelers, are travel agents or advisors. In fact, nearly 9 in 10 working with travel experts believe it is the only way to have a truly luxury travel experience. Among the reasons respondents gave for using a travel agent/advisor is their expert advice on destinations, activities or operators, and the deep understanding of personal travel preferences travel agents have.
Wellness, “Joy of Missing Out” and the ability to unplug are important to ultra luxury travel
Ultra luxury travelers are prioritizing their mental and physical wellbeing through travel. Nearly all respondents say they are likely to take a trip to reduce stress, reduce anxiety and/or fully unplug in the next year, and 9 in 10 said they are interested in taking a wellness vacation, including self-discovery, spa and nature-based retreats.
Ultra luxury travelers are also embracing slow travel, to really immerse themselves in the experience of their vacation. 93% say they have taken at least one slow travel trip in the past year, and 95% say they are likely to take the same number or more slow travel trips in the coming year. Furthermore, they are focused on doing the things that are important to them, with 84% saying vacations are all about JOMO or the Joy of Missing Out, rather than worrying about what others might be doing.
Payment experience is loyalty driver, simplicity and security are top concerns
Almost all luxury travelers who responded (95%) say that how easy it is for them to pay for all parts of their trip is important to them. Critically, around 9 in 10 say they expect a positive payment experience, and, when booking travel, almost all say they choose who they work with based on a positive payment experience.
Additionally, travelers look to avoid certain pain points when paying for their experiences, such as unexpected fees and exchange rates (34%), the inability to pay in their local currency (24%) or to use their preferred credit card (23%). And security remains top of mind, with 72% of those surveyed concerned about the security of their payments.
To experience the full report with additional data points and key takeaways, please visit here.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,500 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the benefits of its travel clients and business, Flywire’s business strategy and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’s Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Media:
Sarah King
Media@Flywire.com
Investor Relations:
Masha Kahn
IR@Flywire.com
Source: GlobeNewswire (MIL-OSI)
New York, NY, March 31, 2025 (GLOBE NEWSWIRE) — Recently, the renowned integrated trading platform Global Assets officially launched its new AI intelligent trading system, aiming to enhance global trading efficiency through technological innovation, optimize user experience, and contribute to the creation of a secure and efficient global trading platform. The introduction of this new system marks a significant step for Global Assets in the field of smart finance and further solidifies its leading position in the global market.
Technology-Driven, Opening a New Chapter in Intelligent Trading
As digitization and intelligence penetrate deeper, the demand for technology in the trading market is ever-increasing. The AI intelligent trading system launched by Global Assets integrates cutting-edge technologies such as big data analysis, machine learning, and blockchain, aiming to provide users with intelligent and automated trading services that reduce the uncertainties brought about by human factors.
Intelligent Market Analysis: The system can automatically process and analyze vast amounts of market data, helping users make more informed trading decisions.
Millisecond Trading Execution: Utilizing advanced algorithms to enhance transaction speed and efficiency, ensuring precise timing in trades.
Optimized Risk Control: The intelligent system dynamically adjusts strategies to mitigate the adverse impact of market fluctuations on trading.
The release of this intelligent system allows both novice and professional traders to participate in the market more easily through advanced technology, enhancing their trading experience.
Diverse Trading Ecosystem to Meet Global User Needs
As an international integrated trading platform, Global Assets provides users with a one-stop trading solution by covering a variety of asset classes. Whether it’s digital assets, stocks, commodities, or other financial products, users can easily manage and configure everything on a single platform.
Digital Asset Trading: Supports various mainstream digital currencies, helping users keep pace with the development of blockchain technology.
Commodities and Stock Market Access: Covers popular commodities such as gold and crude oil, as well as major global stock markets, meeting diverse investment needs.
This diversified trading ecosystem not only enhances market liquidity but also provides global users with more investment opportunities and flexibility.
Empowering Asset Management Efficiency with Blockchain Technology
To further optimize user asset liquidity, Global Assets actively explores the application of blockchain technology in finance. Through smart contract technology, the platform has achieved comprehensive improvements in asset safety, transparency, and liquidity.
Smart Contract-Driven: The trading process is transparent and traceable, avoiding the intermediary risks seen in traditional finance.
Rapid Approval and Low Costs: Compared to traditional financial services, blockchain technology greatly reduces transaction costs and shortens processing times.
This technological innovation not only brings users higher capital efficiency but also sets a new benchmark for the digital development of financial markets.
A Trusted Global Trading Platform
In terms of security and compliance, Global Assets always adheres to industry high standards to ensure the safety of user funds and information. The platform employs bank-level encryption technology, combined with multiple identity verifications and real-time risk monitoring, to ensure a stable and reliable trading environment. Additionally, Global Assets boasts a global user service network, providing 24/7 customer support, dedicated to delivering a convenient and worry-free trading experience to every user.
Driving the Future of Smart Finance
Global Assets’ AI intelligent trading system not only showcases the platform’s strength in technological innovation but also demonstrates its foresight in the intelligent development of global financial markets. In the future, Global Assets will continue to delve into the smart finance sector, providing users with more valuable trading services and contributing to the sustainable development of the global trading market.
Media Contact
Company Name: Global Assets
Website: https://global-assets.com
Email: service(at)global-assets.com
Contact: Markus Johann Fischer
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Source: GlobeNewswire (MIL-OSI)
SANTA CLARA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the completion of its acquisition of ZT Systems, a leading provider of AI and general-purpose compute infrastructure for the world’s largest hyperscale providers. The acquisition will enable a new class of end-to-end AI solutions based on the combination of AMD CPU, GPU and networking silicon, open-source AMD ROCm™ software and rack-scale systems capabilities. It will also accelerate the design and deployment of AMD-powered AI infrastructure at scale optimized for the cloud.
AMD expects the transaction to be accretive on a non-GAAP basis by the end of 2025. The world-class design teams will join the AMD Data Center Solutions business unit led by AMD Executive Vice President Forrest Norrod. AMD is actively engaged with multiple potential strategic partners to acquire ZT Systems’ industry-leading U.S.-based data center infrastructure manufacturing business in 2025.
“With the rapid pace of innovation in AI, reducing the end-to-end design and deployment time of cluster-level data center AI systems will be a significant competitive advantage for our customers,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions business unit at AMD. “Acquiring ZT Systems is a significant milestone in our AI strategy to deliver leadership training and inferencing solutions that are optimized for our customers’ unique environment, ready-to-deploy at scale, and based on our open ecosystem approach that combines open-source software, industry standard networking technologies and now ZT Systems’ leadership systems design and customer enablement expertise. We welcome Frank Zhang, Doug Huang and the talented ZT Systems team to AMD, where together we will offer customers both choice and speed to market, allowing them to invest in key areas where they choose to differentiate their AI offerings.”
Former ZT Systems Founder and CEO Frank Zhang joins AMD as senior vice president of ZT Manufacturing, reporting to Forrest Norrod, where he will help lead the divestiture of the manufacturing business. Former ZT Systems President Doug Huang joins AMD as senior vice president of Data Center Platform Engineering, also reporting to Forrest Norrod. In this role, he will lead design and customer enablement teams, working closely with the AMD Data Center Solutions business unit and AI Group to accelerate time-to-market for data center AI solutions.
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.
Cautionary Statement
The statements in this press release include forward-looking statements concerning Advanced Micro Devices, Inc. (AMD), ZT Systems, the proposed sale of ZT Systems’ manufacturing business and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” “anticipates,” “designed,” or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements in this press release relate to, among other things, data center AI accelerator opportunity, the integration of the businesses, sale of ZT Systems’ manufacturing business, and the expected benefits, accretion, synergies and growth to result therefrom. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: risks that the businesses will not be integrated successfully, the ability of AMD to sell ZT Systems’ manufacturing business on a timely basis or at all, or that AMD will not realize expected benefits, cost savings, accretion, synergies and/or growth, or that such benefits may take longer to realize than expected; the risk that disruptions from the transaction will harm business plans and operations; risks relating to unanticipated costs of integration and sale of ZT Systems’ manufacturing business; significant transaction, integration and separation costs, or difficulties and/or unknown or inestimable liabilities in connection with the transaction or sale of ZT Systems’ manufacturing business; restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; the potential impact of the consummation of the transaction or sale of ZT Systems’ manufacturing business on AMD’s relationships with suppliers, customers, employees and regulators; and demand for AMD’s products. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned “Risk Factors” in AMD’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.
Contact:
Brandi Martina
AMD Communications
(512) 705-1720
Brandi.Martina@amd.com
Liz Stine
AMD Investor Relations
(720) 652-3965
Liz.Stine@amd.com
Source: GlobeNewswire (MIL-OSI)
Key Highlights:
PASADENA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — The Now Corporation (OTC: NWPN), through its renewable energy subsidiary, Green Rain Solar Inc., is making groundbreaking progress in expanding electric vehicle (EV) infrastructure in underserved communities. The company is pleased to announce that it has completed a utility feasibility study for its flagship electric vehicle (EV) charging project at 1600 West Ridge Road in Rochester, New York, confirming the site’s ability to support Level 3 fast chargers.
This milestone was achieved through a strategic collaboration with Chronical Electric and Rochester Gas and Electric (RG&E) Utility, ensuring the necessary power capacity for the high-speed chargers. In a major leap forward, the project will also feature battery storage technology, designed to optimize energy usage, stabilize the grid, and enhance charging reliability.
DCFC EV Charging Stations – Chronical Electric
Pioneering a New Era of Smart EV Charging
This initiative aligns with the Inflation Reduction Act (IRA), which prioritizes clean energy investments in underserved areas by offering substantial tax credits. By leveraging the RG&E Make-Ready Program, The Now Corporation is significantly lowering infrastructure costs, making it easier and more cost-effective to deploy EV charging stations in communities that need them most.
Load Management Technologies Incentive program (LMTIP) for electric vehicle charging
“This is a transformative moment for Green Rain Solar and The Now Corporation,” said Alfredo Papadakis, CEO of The Now Corporation. “We are not just building EV charging stations—we are creating a sustainable energy ecosystem. By integrating battery storage, we’re ensuring that these chargers operate efficiently, reduce grid strain, and maximize renewable energy utilization. This is the future of clean transportation.”
Battery Storage: The Key to Sustainable EV Infrastructure
The integration of battery storage technology at the 1600 West Ridge Road project marks a major advancement in grid-friendly EV charging solutions. This innovative system will:
By storing energy during low-demand periods and releasing it when needed, the site will ensure that EV drivers have access to reliable, cost-effective, and environmentally friendly charging options—without overburdening the local power grid.
A Cleaner, Healthier Future for Rochester and Beyond
This project is about more than just technology—it’s about community impact. Rochester’s underserved neighborhoods, like many across the U.S., face higher levels of air pollution, contributing to asthma and other respiratory diseases. By expanding clean transportation options, The Now Corporation is actively working to reduce emissions, improve public health, and promote environmental equity.
The 1600 West Ridge Road site will serve as a national model for the future of smart, grid-optimized EV infrastructure. Moving forward, The Now Corporation and Green Rain Solar Inc. are exploring additional locations to replicate this success and further drive the clean energy revolution.
Leading the Charge Toward a Greener Future
The Now Corporation (OTC: NWPN) remains committed to leveraging state and federal incentives to accelerate EV adoption, create economic opportunities, and support a nationwide transition to sustainable energy. With its innovative approach, strategic partnerships, and a focus on community-driven impact, this initiative represents a major step toward a cleaner, smarter, and more resilient future.
Stay tuned—The Now Corporation is powering the next generation of EV charging!
About The Now Corporation (OTC: NWPN):
The Now Corporation is a diversified holding company focused on acquiring and developing innovative technologies and sustainable solutions. Through its subsidiaries, the company is committed to driving positive change in industries such as renewable energy, electric mobility, and advanced manufacturing.
About Green Rain Solar Inc.:
Green Rain Solar Inc., a subsidiary of The Now Corporation, specializes in the design, installation, and maintenance of solar energy systems and EV charging infrastructure. With a focus on sustainability and innovation, Green Rain Solar is dedicated to helping businesses and communities transition to clean energy.
For more information, visit: https://greenrainenergy.com/
FB: Green Rain Energy
YouTube: Green Rain Energy
Forward-Looking Statements:
This press release contains forward-looking statements under the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may include expectations for future events, financial results, and growth prospects, subject to risks and uncertainties. The Now Corporation undertakes no obligation to publicly update any forward-looking statements except as required by applicable laws.
Press Contact:
Michael Cimino
Email: Michael@pubcopr.com
Source: GlobeNewswire (MIL-OSI)
Groundbreaking Documentary to Make Its U.S. Debut in Los Angeles April 3, Followed by New York Screening at IFC Center April 15–16
New York Premiere to Feature Post-Screening Q&As with Three-Time Emmy Award-Winning Director Peter Klein, Moderated by MSNBC’s Ali Velshi and Investigative Reporter Simon Ostrovsky
LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) — Bribe, Inc., the jaw-dropping true story of global corruption, secret codes, whistleblowers and million-dollar bribes, will make its highly anticipated U.S. premiere on Thursday, April 3 at the legendary TCL Chinese 6 Theatres in Hollywood as part of the 25th Annual Beverly Hills Film Festival. The film will also have its New York debut on April 15–16 at the IFC Center in Manhattan.
Described by The Guardian as “filled with the kind of cloak-and-dagger developments one associates with potboilers and airport novels,” the film plunges viewers deep into the hidden world of global business, where bribery has become a trillion-dollar industry propping up authoritarian regimes, enabling human rights abuses and undermining democracy itself.
Writer, investigative journalist and the film’s producer Calyn Shaw will attend the screening at the TCL Chinese 6 Theatres. Shaw’s journalism has spanned the globe, from exposing targeted killings in Brazil (The New York Times) to uncovering supply chain breakdowns during the COVID-19 pandemic (PBS Frontline).
“Bribe, Inc. is more than a film—it’s a reckoning,” said Shaw. “This isn’t just about a single scandal. It’s about a global system built on secrets, where power and profit are protected at any cost. The question is: what are we going to do about it?
In New York, Bribe, Inc. will screen at the IFC Center on April 15 and 16, followed by post-screening Q&As featuring director Peter Klein and director of photography Claire Ward. The discussions will be moderated by Emmy and DuPont-winning reporter Simon Ostrovsky and Ali Velshi, longtime business journalist and MSNBC host. Klein, a three-time Emmy Award-winning producer and director, brings three decades of hard-hitting documentary experience to the film, having created dozens of investigative programs that shine a light on global injustice.
“This film takes viewers inside a world most people never see—and many in power would prefer stay hidden,” said Klein. “As journalists and filmmakers, we have a duty to shine a light on corruption, not just for shock value, but to ignite change. Bribe, Inc. is our call to action to understand the true cost of corruption.”
As global enforcement of anti-bribery laws weakens and trust in institutions collapses, Bribe, Inc. emerges as a cinematic gut-punch—an urgent demand for accountability in a world where corruption is routine.
The film doesn’t shy away from political complicity. It explores Donald Trump’s controversial views on bribery as a tool of global commerce and examines the politicians who have excused corruption as a cost of doing business. On February 10, 2025, President Trump issued an executive order suspending enforcement of the Foreign Corrupt Practices Act (FCPA)—a law enacted in 1977 to prevent U.S. companies from bribing foreign officials. The administration claimed the law’s “overexpansion and unpredictable enforcement” hurt U.S. competitiveness. Critics argue the move may undercut global anti-corruption efforts and signal retreat from ethical business standards.
Variety praised the film’s revelations as “explosive,” especially for exposing a covert effort by the U.S. Department of Justice to seize jurisdiction and protect blue-chip corporations from scrutiny. From war-torn Iraq to backroom deals in Monaco, Bribe, Inc. forces audiences to follow the money—and confront the consequences. Bribe, Inc. is a real-life political thriller that dares viewers to ask: what kind of world are we really living in—and who’s getting rich off the silence?
About Bribe, Inc.
Bribe, Inc. is a real-life political thriller that exposes one of the largest corporate bribery scandals in modern history. Told through the lens of whistleblowers, investigators and journalists, the film uncovers a trillion-dollar corruption network stretching from oil fields in Iraq to boardrooms in Monaco—and all the way to the halls of power in Washington. Directed by Emmy Award-winner Peter Klein and co-produced by investigative journalist Calyn Shaw, Bribe, Inc. reveals how corporations, politicians and regulators conspire to protect a global system built on secrecy and profit. Described by The Guardian as “cloak-and-dagger,” and praised by Variety for its “explosive” revelations, the film challenges audiences to follow the money—and confront the cost of complicity. For more information, visit https://bribeinc.com/.
Media Contact:
Ellen Mellody
570-209-2947
EMellody@kcsa.com
Source: GlobeNewswire (MIL-OSI)
TAMPA, Fla., March 31, 2025 (GLOBE NEWSWIRE) — Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, is pleased to announce that it has received a Facility Security Clearance (FCL), enabling the company to expand its offerings to perform classified assessments for its clients. As an accredited FedRAMP® Third Party Assessment Organization (3PAO), this enables Schellman to perform Department of Defense (DoD) Impact Level 6 (IL6) assessments as well as other NIST-based assessments, SOC 2 examinations, and penetration testing for classified systems. This milestone strengthens Schellman’s position as a trusted assessment partner for government and defense-related classified environments.
In addition, Schellman has been reauthorized as a Cybersecurity Maturity Model Certification (CMMC) Third-Party Assessment Organization (C3PAO) under the finalized CMMC Program. As one of the original C3PAOs, Schellman had the privilege of performing the first assessment under the Joint Voluntary Surveillance Assessment (JVSA) program and has performed multiple assessments for large and small contractors alike. This reauthorization reinforces Schellman’s role in supporting defense contractors as they navigate evolving cybersecurity requirements set by the Department of Defense.
DoD IL6 is designed for cloud environments handling classified information at the Secret level, requiring rigorous cybersecurity standards to protect highly sensitive government data. With this new capability, Schellman can now audit providers and their offerings for authorization against the complex security requirements necessary for IL6, ensuring compliance with the highest federal security standards. As a long-standing FedRAMP and DoD assessment organization, this expansion reinforces Schellman’s expertise in high-impact cloud security assessments.
“Schellman has been a strategic 3PAO partner for Palantir consistently delivering exceptional assessment services. We are excited to see them expand their capabilities into cleared environments,” said Kevin Carr, US Government Cloud Compliance Lead at Palantir.
Schellman’s status as the leading FedRAMP 3PAO in the FedRAMP marketplace along with its cross-compliance expertise in ISO 27001, PCI DSS, SOC 2, and HITRUST assessments, combined with their deep understanding of CMMC requirements, positions Schellman uniquely to support their clients’ compliance needs.
“We continue to invest in our federal and DoD capabilities to ensure that these agencies can trust the cloud providers and contractors they work with to protect our critical national security data,” said Doug Barbin, President of Schellman & Company, LLC. “These milestones reflect our commitment to quality and diligence at the highest levels of security and protection of classified information.”
To learn more about Schellman’s Federal suite of services and how it can help an organization’s compliance journey, visit schellman.com.
About Schellman
“Schellman” is the brand name under which Schellman & Company, LLC and Schellman Compliance, LLC provide professional services. Schellman stands as a leading global provider of attestation, compliance, and certification services. Operating under two distinct entities, Schellman & Company, LLC (a top 50 firm) and Schellman Compliance, LLC (a globally accredited compliance assessment firm which is not a licensed CPA firm). The services provided by the Schellman entities include acting as a CPA firm (Schellman & Company, LLC Florida license number AD62941) as a leading provider of SOC reports, an ISO Certification Body, a PCI Qualified Security Assessor Company, a HITRUST assessor, a FedRAMP 3PAO, being among the pioneering CMMC C3PAOs, as well as offering international certification services including TISAX and HDS.
Renowned for its professionals’ expertise combined with practical experience, Schellman delivers superior client service while upholding steadfast independence. The company’s approach fosters successful, long-term relationships, enabling clients to achieve multiple compliance objectives through a single trusted third-party assessor. For further information about the services provided, please visit schellman.com.
Contact
V2 Communications
schellman@v2comms.com