Category: GlobeNewswire

MIL-OSI: Data Storage Corporation Reports 2024 Fiscal Year Financial Results and Provides Business Update

Source: GlobeNewswire (MIL-OSI)

Expanded CloudFirst platform in 2024 with 4 new Tier III data centers (UK & Chicago), totaling 10 globally to enhance multi-cloud and continuity services across North America and Europe
Completed Flagship Solutions Group integration into CloudFirst, boosting efficiency and cross-sell potential to clients; secured major 2024 contracts across motorsports, insurance, healthcare, and education sectors
Net income improved by approximately 71% for the 2024 fiscal year
compared to 2023 fiscal year and achieved Adjusted EBITDA* of $2.37 million for 2024
Ends 2024 with $12.3 million in cash and marketable securities
and no long-term debt
Conference Call to be held today at 11:00 am ET

MELVILLE, N.Y., March 31, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the year ended December 31, 2024.

“We made consistent progress in 2024 — both financially and strategically,” said Chuck Piluso, CEO of Data Storage Corporation. “To start, total revenue for the year increased to $25.4 million, a modest 2% gain from 2023, reflecting a shift from lower-margin, one-time equipment sales toward long term, recurring subscription revenue streams. This strategy builds on our already $39.2 million remaining contract value with disaster recovery and cloud hosting solutions. Importantly, we ended the year with an estimated $22 million Annual Recurring Revenue run rate, demonstrating the scalability and consistency of our subscription-based model with over 80% of our revenue recurring. Furthermore, net income rose approximately 71% to $513 thousand, while Adjusted EBITDA* increased to $2.37 million — both strong indicators of improved margins and greater operational efficiency. Finally, with $12.3 million in cash and marketable securities and no long-term debt, we remain well-positioned to invest in future growth.”

“In 2024, we also took steps to expand our footprint. Internationally, we launched CloudFirst Europe Ltd. supported by three Tier III data centers in the UK through three strategic partnerships. This expansion positions us to provide our Power platform serving clients across the U.S., Canada, and the UK — we are one of the few single source global providers. To lead our European operations, we appointed Colin Freeman as Managing Director, and early traction in the region has been promising. Domestically, we added a Tier III data center in Chicago, bringing our total to ten global sites while enhancing redundancy and performance across North America.”

“We also completed the full integration of our Flagship Solutions Group subsidiary into our CloudFirst Technologies subsidiary, which has streamlined operations and improved our ability to deliver integrated cloud and managed services to clients. Key new contracts in 2024 included engagements with a Canadian division of a major motorsports manufacturer, a billion-dollar insurance provider, and a U.S. medical center — each reflecting our strength in delivering compliant, mission-critical high processing infrastructure solutions.”

“Overall, 2024 was a year of meaningful execution across all fronts. We advanced our shift to a high-margin, recurring revenue model, expanded into new international markets, strengthened our infrastructure, and delivered improved financial results. These accomplishments reinforce our long-term vision and position us to scale further in 2025 and beyond as demand for compliant, enterprise-grade cloud solutions continues to rise globally.”

Conference Call

The Company plans will host a conference call at 11:00 a.m. Eastern Time on Monday, March 31, 2025, to discuss the Company’s financial results for the 2024 fiscal year which ended December 31, 2024, as well as corporate progress and other developments.

The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-201-689-8852. A webcast of the call may be accessed at  DSC 2024 Fiscal Year Earnings Call or on the Company’s News & Events section of the website,  www.dtst.com/news-events.

A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through September 30, 2025. A telephone replay of the call will be available approximately three hours following the call, through April 7, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13751220.

About Data Storage Corporation

Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions. Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.

Through its owned and operated cloud platform, built on IBM Power Cloud infrastructure, DSC delivers high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.

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

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

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

*Adjusted EBITDA is a non-GAAP measure. Please refer to the Company’s financial disclosures for a reconciliation to the most directly comparable GAAP measure.

Safe Harbor Provision

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding being well-positioned to invest in future growth, the Company’s Power platform serving clients across the U.S., Canada and the UK and the Company’s recent accomplishments positioning it to scale further in 2025 and beyond as demand for compliant, enterprise-grade cloud solutions continues to rise globally, and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, the Company’s ability to grow its presence in Europe, the Company being well-positioned to invest in future growth, the Company’s successful transition from on-premises systems to the cloud, and DSC delivering high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

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

DATA STORAGE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

	December 31, 2024			December 31, 2023
ASSETS
Current Assets:
Cash	$	1,070,097		$	1,428,730
Accounts receivable (less allowance for credit losses of $31,472 and $7,915 in 2024 and 2023, respectively)		2,225,458			1,259,972
Marketable securities		11,261,006			11,318,196
Prepaid expenses and other current assets		859,502			513,175
Total Current Assets		15,416,063			14,520,073

Property and Equipment:
Property and equipment		9,598,963			7,838,225
Less—Accumulated depreciation		(6,159,307	)		(5,105,451	)
Net Property and Equipment		3,439,656			2,732,774

Other Assets:
Goodwill		4,238,671			4,238,671
Operating lease right-of-use assets		575,380			62,981
Other assets		183,439			48,436
Intangible assets, net		1,427,006			1,698,084
Total Other Assets		6,424,496			6,048,172

Total Assets	$	25,280,215		$	23,301,019

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses	$	3,183,379		$	2,608,938
Deferred revenue		212,390			336,201
Finance leases payable		17,641			263,600
Finance leases payable related party		33,879			235,944
Operating lease liabilities short term		98,860			63,983
Total Current Liabilities		3,546,149			3,508,666

Operating lease liabilities		523,070			—
Finance leases payable		—			17,641
Finance leases payable related party		—			20,297
Deferred Tax Liability		39,031			—
Total Long-Term Liabilities		562,101			37,938

Total Liabilities		4,108,250			3,546,604

Commitments and contingencies (Note 7)

Stockholders’ Equity:
Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding on December 31, 2024 and 2023		—			—
Common stock, par value $.001; 250,000,000 shares authorized; 7,045,108 and 6,880,460 shares issued and outstanding on December 31, 2024 and 2023, respectively		7,045			6,881
Additional paid in capital		40,417,813			39,490,285
Accumulated deficit		(18,982,589	)		(19,505,803	)
Accumulated other comprehensive loss		(23,214	)		—
Total Data Storage Corporation Stockholders’ Equity		21,419,055			19,991,363
Non-controlling interest in consolidated subsidiary		(247,090	)		(236,948	)
Total Stockholders’ Equity		21,171,965			19,754,415
Total Liabilities and Stockholders’ Equity	$	25,280,215		$	23,301,019

DATA STORAGE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME

	Year Ended December 31,
	2024			2023

Sales	$	25,371,303		$	24,959,576

Cost of sales		14,267,936			15,383,251

Gross Profit		11,103,367			9,576,325

Selling, general and administrative		11,023,476			9,744,736

Income (loss) from Operations		79,891			(168,411	)

Other Income (Expense)
Interest income		592,819			542,229
Interest expense		(119,008	)		(74,502	)
Loss on disposal of equipment		(1,599	)		—
Total Other Income		472,212			467,727

Income before provision for income taxes		552,103			299,316

Provision for income taxes		(39,031	)		—

Net Income		513,072			299,316

Loss in Non-controlling interest in consolidated subsidiary		10,142			82,259

Net Income Attributable to Common Stockholders	$	523,214		$	381,575

Earnings per Share – Basic	$	0.08		$	0.06
Earnings per Share – Diluted	$	0.07		$	0.05
Weighted Average Number of Shares – Basic		6,931,399			6,841,094
Weighted Average Number of Shares – Diluted		7,347,779			7,424,228

DATA STORAGE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2024			2023
Cash Flows from Operating Activities:
Net income	$	513,072		$	299,316
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		1,350,238			1,301,594
Stock based compensation		794,687			506,205
Change in expected credit losses		45,394			119,524
Loss on disposal of equipment		1,599			—
Changes in Assets and Liabilities:
Accounts receivable		(1,010,880	)		2,123,340
Other assets		(135,003	)		—
Prepaid expenses and other current assets		(347,717	)		71,491
Right of use asset		135,559			163,520
Accounts payable and accrued expenses		567,930			(598,638	)
Deferred revenue		(123,811	)		55,141
Deferred tax liability		39,031			—
Operating lease liability		(90,010	)		(168,446	)
Net Cash Provided by Operating Activities		1,740,089			3,873,047
Cash Flows from Investing Activities:
Capital expenditures		(1,800,364	)		(1,545,017	)
Purchase of marketable securities		(842,810	)		(2,307,228	)
Sale of marketable securities		900,000			—
Net Cash Used in Investing Activities		(1,743,174	)		(3,852,245	)
Cash Flows from Financing Activities:
Repayments of finance lease obligations related party		(222,362	)		(520,624	)
Repayments of finance lease obligations		(263,600	)		(359,869	)
Cash received for the exercise of stock options		133,005			1,699
Net Cash Used in Financing Activities		(352,957	)		(878,794	)

Effect of exchange rates on cash		(2,591	)		—

Decrease in Cash		(358,633	)		(857,992	)

Cash, Beginning of Year		1,428,730			2,286,722

Cash, End of Year	$	1,070,097		$	1,428,730
Supplemental Disclosures:
Cash paid for interest	$	23,549		$	65,057
Cash paid for income taxes	$	—		$	—
Non-cash investing and financing activities:
Assets acquired by operating lease	$	647,958		$	—

The following table shows the Company’s reconciliation of net income (loss) to adjusted EBITDA for the years ended December 31, 2024, and 2023:

For the year ended December 31, 2024

	CloudFirst Technologies		CloudFirst Europe Ltd.			Nexxis Inc.			Corporate			Total

Net income (loss)	$	3,562,622	$	(290,219	)	$	(93,514	)	$	(2,665,817	)	$	513,072

Non-GAAP adjustments:
Depreciation and amortization		1,348,534		79			850			775			1,350,238
Sales tax settlement		142,021		—			—			—			142,021
Interest income		—		—			—			(592,819	)		(592,819	)
Interest expense		119,008		—			—			—			119,008
Provision for income tax		—		—			—			39,031			39,031
Stock-based compensation		295,688		—			25,991			473,008			794,687

Adjusted EBITDA	$	5,467,873	$	(290,140	)	$	(66,673	)	$	(2,745,822	)	$	2,365,238

For the year ended December 31, 2023

	CloudFirst Technologies		CloudFirst Europe Ltd.		Nexxis Inc.			Corporate			Total

Net income	$	2,625,879	$	—	$	(229,377	)	$	(2,097,186	)	$	299,316

Non-GAAP adjustments:
Depreciation and amortization		1,300,237		—		705			652			1,301,594
Interest income		—		—		—			(542,229	)		(542,229	)
Interest expense		74,502		—		—			—			74,502
Stock-based compensation		162,004		—		17,603			326,598			506,205

Adjusted EBITDA	$	4,162,622	$	—	$	(211,069	)	$	(2,312,165	)	$	1,639,388

The MIL Network –

April 1, 2025

MIL-OSI: Investview, Inc. (“INVU”) Reports Full Year 2024 Financial Results, Operational Highlights and a Year-End Message from the CEO

Source: GlobeNewswire (MIL-OSI)

$55.4M in Gross Revenue | $8.3M in Net Cash Provided by Operating Activities | Strong Balance Sheet |Share Repurchase Program and Strategic Expansion- for the year ended December 31, 2024

Haverford, PA, March 31, 2025 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology services company that offers multiple business units across key sectors, including a financial education division offering tools, products and content through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable blockchain business focused on bitcoin mining, today reported its full-year 2024 financial results and shared highlights of key operational progress, strategic milestones, and forward-focused initiatives.

Summary Consolidated Financial Highlights:

Results of Operations and Net Cash Provided by Operating Activities – Twelve Months Ended December 31, 2024 vs December 31, 2023

Gross Revenue (a Non-GAAP measure) decreased 24.0% to $55.4 million for the twelve months ended December 31, 2024, as compared to $72.9 million for the comparable prior year period.
Net Revenue decreased 22.9% to $52.4 million for the twelve months ended December 31, 2024, as compared to $67.9 million for the comparable prior year period.
Net income from operations decreased 63.2% to $1.7 million for the twelve months ended December 31, 2024, as compared to $4.6 million for the comparable prior year period.
Net cash provided by operating activities increased 36.9%, reaching $8.3 million for the twelve months ended December 31, 2024, as compared to $6.1 million for the comparable prior year period, reflecting the results of our disciplined business model.

Balance Sheet Data-December 31, 2024, vs December 31, 2023

Cash and cash equivalents increased by 7.4%, reaching $22.5 million for twelve months ended December 31, 2024, an increase of $1.6 million from $20.9 million at December 31, 2023, even after having repurchased $3.4 million of common stock and $1.1 million for the acquisition of substantially all the assets of Renu Laboratories Inc. during 2024. Our cash balances provide us with working capital that we can direct towards our strategic initiatives and growth investments.
Total assets at December 31, 2024 were $31.6 million, a decrease of $2.1 million from $33.7 million of assets at December 31, 2023, mainly due to non-cash depreciation and impairment charges relating to our mining servers and a decrease in deposits with vendors, partially offset by an increase our cash balance, an increase in Bitcoin holdings and the addition of a goodwill balance related to the acquisition of substantially all the assets of Renu Laboratories Inc.
Working Capital Balance increased by 30.8% to $16.2 million at December 31, 2024, an increase of $3.8 million from December 31, 2023.
Current Ratio is strong, up 14.3%, reaching 2.32 at December 31, 2024, an increase of 0.29 from our previous current ratio of 2.03 at December 31, 2023, confirming our strong balance sheet position.
Outstanding debt decreased by 10.0%, to $3.2 million at December 31, 2024, a decrease of $0.4 million, from the $3.6 million of debt at December 31, 2023, with total liabilities also decreasing by $0.5 million during the comparative period.
Total stockholders’ equity at December 31, 2024 was $17.2 million, a decrease of $1.6 million or 8.5% from the $18.8 of stockholders’ equity at December 31, 2023, mainly due to the repurchase of common shares during 2024.
Common stock issued and outstanding decreased by approximately 20.3% to 1.859 billion shares at the end of December 31, 2024, a decrease of 474 million shares from 2.333 billion shares at December 31, 2023, primarily attributable to strategic stock repurchases aimed at further reducing outstanding share count in an effort to enhance shareholder value.

Comments on our industry segments and business units

Our Financial Education and Technology Segment

iGenius recognized net revenue for the twelve months ending December 31, 2024, of $47.1 million. This reflects a decrease of 16.8% or $9.5 million less than the comparable prior year period. The decrease was largely attributable to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated their spending priorities, lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused a general slowdown in direct sales and home-based business. Despite the drop in revenue, we are hopeful that over time we can regain some of the ground that we have lost as we try to build our sales network organically and develop additional product and service offerings that we offer into our sales network. We firmly believe our direct selling model has broad scalable potential beyond financial education. As part of our strategic vision, we expect to be able to expand the product suite available through our sales network—particularly through the introduction of offerings from our myLife Wellness- health, beauty, and wellness division.

Our Blockchain Technology and Crypto Mining Products and Services Segment

SAFETek recognized net revenue for the twelve months ending December 31, 2024, of $5.2 million. This reflects a decrease of 54.2% or $6.2 million less than the comparable prior year period. The decrease in net revenue was the result of Bitcoin halving, which cut block rewards by 50%, an increase in network difficulty over 29%, and a government-mandated energy curtailment resulting from low hydroelectric reservoir levels in our host country.

Despite the challenging environment in which we now operate, in 2024, SAFETek produced 85.92 Bitcoin, navigating industry-wide headwinds including the April halving event, a sharp rise in network difficulty, and a government energy curtailment. While these factors impacted output, they also helped reduce power costs, turning a challenge into a cost-management initiative that we expect will serve us well over time.

Further, in 2024, we implemented strategic enhancements, including the retirement of older miners, deployment of next-gen ASICs, and consolidation of operations, significantly lowering our hash cost and strengthening our market position. As a result, we remain debt-free on all equipment purchases and maintain flexibility with our strong balance sheet, as we evaluate future expansion opportunities.

Despite the challenging environment, our long-term view of BTC mining remains cautiously optimistic, and we are maintaining a disciplined and strategic posture while preparing for future expansion should the economic environment return to prior levels.

Our Manufacturing and Development of Health, Beauty and Wellness Products Segment

In October 2024, we entered the over-the-counter health, beauty, and wellness market when our subsidiary, myLife Wellness Company (“myLife Wellness”), acquired the business of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer, producing both proprietary and non-proprietary health, beauty, and wellness products for third-party clients. This move creates the potential for us to extend our platform into consumer verticals, with a focus on aesthetics, nutrition, and cognitive health. Since the acquisition, we’ve strategically accelerated investment in Renu Labs’ technology, equipment, and talent, resulting in measurable improvements in production and operational efficiency.

myLife Wellness will serve as both the marketing and e-commerce platform engine for the products developed and manufactured by Renu Labs, with a focus on aesthetics, health, nutrition, and cognitive wellness. These products are expected to be distributed through both retail and wholesale channels. In addition to operating as a standalone platform, myLife Wellness also expects to be able to leverage retail, wholesale, and direct-to-consumer channels through collaboration with our affiliated business platform, iGenius, to promote and offer myLife wellness products to its global membership base and its customers, expanding reach and creating new revenue opportunities.

We plan to further the development and growth of both Renu Labs and myLife Wellness in 2025, as well as establishing our presence in the health and wellness industry and supporting our broader global growth objectives.

Our Financial Services Initiatives

March 2024 marked a major milestone in our fintech initiatives with the acquisition of Opencash Securities LLC—an early-stage registered broker-dealer. Although it has not yet achieved commercial operations, it is our objective to develop Opencash as a modern, mobile-first platform for low-cost, and commission-free trading of stocks, ETFs, and options, targeting accessibility and simplicity for retail investors worldwide. Currently, Opencash is progressing through clearing integration, infrastructure buildout, and testing in preparation for launch.

Our Opencash initiative is intended to complement our proprietary MPower Trading Systems- Prodigio trading engine, acquired in 2021, and once fully developed, may be expected to yield two synergistic platforms: Opencash for everyday users and OpencashPro for advanced traders. Together, they will offer a seamless, data-driven trading experience.

Message from Investview’s CEO – Victor Oviedo

2024 was a transformative year for Investview—one marked by strategic discipline and a focused commitment to delivering long-term shareholder value. Aligned with our capital allocation priorities, we successfully reduced our outstanding debt by 10%, or $0.4 million, bringing it to $3.2 million by year-end. Simultaneously, we advanced our shareholder-focused strategy through a significant reduction in common stock by repurchasing and retiring approximately 474 million shares, a 20.3% decrease in issued and outstanding shares, at a blended 53% discount to the market.

These actions reflect our continued focus on building intrinsic value while enhancing capital structure efficiency. Importantly, even after executing these initiatives, we concluded the year with a strong cash position of $22.5 million, providing us with both the resilience and flexibility to pursue appropriate investment opportunities, should they arise, pursue strategic acquisitions, and fund the continued development of our platforms.

Further, the Company recently announced in March 2025 the launch of a $1 million share repurchase program, reaffirming its confidence in the long-term value of its business. This initiative reflects management’s belief that the current market price of its common stock does not accurately reflect the Company’s underlying strength and growth potential.

Despite a challenging macroeconomic environment and industry headwinds, Investview continues to demonstrate resilience, adaptability, and long-term vision across its dynamic portfolio of business units—including financial education, wellness product manufacturing, sustainable blockchain mining, and a soon-to-launch online trading platform.

As we look to the future, our aspirations are clear: scale our highest-potential business segments, maintain financial strength, and unlock new sources of value across our ecosystem.

Entering the Wellness Market with myLife Wellness and Renu Labs

Our entry into the over-the-counter health, beauty, and wellness market reflects a strategic step in broadening our platform and aligning with growing consumer demand in key wellness categories. This expansion began when our subsidiary, myLife Wellness Company (“myLife Wellness”), acquired the business of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer of both proprietary and non-proprietary health, beauty, and wellness products for third-party clients.

The acquisition provides a pathway for us to extend into consumer verticals with a focus on aesthetics, nutrition, and cognitive health areas that complement our broader long-term growth objectives.

In addition to myLife Wellness operating as a standalone platform, myLife Wellness also expects to be able to leverage retail, wholesale, and direct-to-consumer channels through collaboration with our affiliated business platform, iGenius, to promote and offer myLife wellness products to its global membership base and its customers, expanding reach and creating new revenue opportunities.

Since the acquisition, we have made targeted investments in Renu Labs’ technology, equipment, and team. These enhancements have already contributed to improved production capacity and operational efficiency, laying a solid foundation for continued growth and development in this space.

Positioned for a Breakout Year in 2025 and Beyond

As we move into 2025, Investview is looking to accelerate growth and drive innovation across all verticals. Our key priorities include:

Launching the Opencash trading platform
Expanding iGenius’ global distribution network
Investing in new products and technology
Pursuing strategic and synergistic acquisitions
Maintaining a strong cash position and balance sheet discipline
We remain cautiously optimistic as to the long-term value of Bitcoin mining, and we intend to take deliberate steps to stabilize operations until favorable conditions return to support the business expansion.

We enter 2025 with a clear vision, and a strong sense of purpose. Our leadership team is aligned around innovation, execution, and long-term value creation. With $22.5 million in cash, reduced debt, and a motivated team, we are anxious to pursue new opportunities and unlock shareholder value.”

At Investview, we are not just building for today—we are shaping a future defined by possibility. We believe the best is yet to come.

About Investview, Inc.

Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are planning to create a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

About Opencash Securities LLC

Brokerage services are provided by Opencash Securities LLC, a member of FINRA and SIPC. Options involve risk and are not suitable for all investors. Please review Characteristics and Risks of Standardized Options prior to engaging in options trading. Opencash Securities LLC does not provide investment advice. Please consult with investment, tax, or legal professionals before making any investment decisions. All investments involve risks, including the possible loss of capital. Check the background of this investment professional on BrokerCheck. Opencash Securities LLC is a wholly-owned subsidiary of Investview, Inc.

Forward-Looking Statement

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect that we will ultimately be able to develop retail brokerage operations at Opencash, although it is currently in the pre-revenue and early stage of its operations. We plan to do this by, among others, investing the funds we believe are necessary to develop the infrastructure necessary to achieve retail operations. This includes, among others, the on-boarding of customer support personnel and software developers, the development and implementation of a marketing strategy, the securing of necessary securities clearing arrangements, and the continued development of the online Opencash trading platform and completing its integration with the proprietary algorithmic trading platform we acquired in September 2021. Despite our best efforts, there can be no assurance that we will be able to achieve these objectively on a timely basis, if at all, as the development of an early-stage securities brokerage business involves inherent regulatory and operational risks and uncertainties. Our forward-looking statements also assume that the curtailment in our hydroelectric energy supply will be addressed within the near term and will not continue to have a long-term negative impact on our Bitcoin mining operations, although we are unable to predict when our mining levels will return to pre-2024 levels. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

Investor Relations
Contact: Ralph R. Valvano
Phone Number: 732.889.4300
Email: pr@investview.com

Reconciliation of Gross Revenue to Net Revenue (unaudited)

As used in this report, Gross Revenues are not a measure of financial performance under United States Generally Accepted Accounting Principles (“GAAP”). Gross Revenues are presented as they are used by management to understand the total revenue before certain items such as refunds, incentives, credits, chargebacks and amounts paid to third party providers. The non-GAAP Gross Revenue measure is a supplement to the GAAP financial information. A reconciliation between Gross Revenue (non-GAAP) and Net Revenue is presented in the table below.

Gross Revenue (non-GAAP) to Net Revenue reconciliation for the twelve months ended December 31, 2024 is as follows:

	Membership revenue			Mining revenue		Health and wellness product sales			Other Revenue		Total
Gross billings/receipts	$	50,086,839		$	5,186,606	$	110,856		$	23,404	$	55,407,705
Refunds, incentives, credits, and chargebacks		(3,025,549	)		–		(185	)		–		(3,025,734	)
Net revenue	$	47,061,290		$	5,186,606	$	110,671		$	23,404	$	52,381,971

Gross Revenue (non-GAAP) to Net Revenue reconciliation for the twelve months ended December 31, 2023 is as follows:

	Membership Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Total
Gross billings/receipts	$	60,516,836		$	990,785		$	11,348,156	$	23,378	$	72,879,156
Refunds, incentives, credits, and chargebacks		(4,480,784	)		–			–		–		(4,480,784	)
Amounts paid to supplier		–			(477,500	)		–		–		(477,500	)
Net revenue	$	56,036,052		$	513,285		$	11,348,156	$	23,378	$	67,920,871

The MIL Network –

April 1, 2025

MIL-OSI: authID Announces Pricing of Approximately $8,150,000 Million Registered Direct Offering

Source: GlobeNewswire (MIL-OSI)

DENVER, March 31, 2025 (GLOBE NEWSWIRE) — authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 1,811,111 shares of its common stock (the “Shares”) and/or Pre-Funded Warrants (the “Pre-Funded Warrants”), pursuant to a registered direct offering (the “Registered Direct Offering”). The purchase price for one Share or Pre-Funded Warrant will be $4.50, (each Pre-Funded Warrant will be exercisable into one share of common stock). The aggregate gross proceeds from the Offering are expected to be approximately $8,150,000 million before deducting placement agent fees and other offering expenses.

The closing of the Registered Direct Offering is expected to occur on or about April 1, 2025, subject to the satisfaction of customary closing conditions.

Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering.

Upon closing of this Registered Direct Offering, an Advisory Board will be created, comprising of the following advisors, each having extensive experience in different industry and government sectors where authID’s biometric identity solutions can address critical needs.

Eric Swider served as the CEO of Digital World Acquisition Corp. (NASDAQ: DWAC) which merged with Trump Media and Technology Group (NASDAQ: DJT), bringing the company public. He currently sits on the public board of the combined company. Mr. Swider founded Renatus Advisors and has been serving as the Managing Partner of Renatus LLC since June 2016. He is also the co-founder and CEO of Rubidex, a company providing data security through decentralized data storage and blockchain technology.

Eric Swider said “I am thrilled to participate as both an advisor and investor in authID. Biometrics will continue to play an increasingly important role as technology evolves and AI is relied upon. AuthID has a biometric authentication platform proven to provide value beyond the standard participants in this market. I believe there is an opportunity for the company to benefit from these advantages.”

“Rubidex is a company providing an evolution in data security through decentralized data storage combined with the protection of blockchain technology, I know firsthand the value authID’s biometric PrivacyKey technology offers. I look forward to leveraging both Rubidex’s customers and my other business relationships to help accelerate adoption and growth in the market,” added Swider.

Donald Nitti is the Founder and Chief Investment Officer of Chroma Ventures, where he has spent over a decade investing in leading technology companies across enterprise, data, and consumer sectors. Some of his notable early and growth-stage pre-IPO investments include Palantir, DigitalOcean, Lyft, Alibaba, and Rubrik. He is also an investor in forward-looking companies such as Apptronik and Radiant Nuclear.

“I’m incredibly excited to work with the authID management team for years to come. Their technology is truly best-in-class and represents a powerful solution for a wide range of companies. Beyond Chroma’s internal network, I believe many of our co-investment partners will recognize the value that authID brings and will seriously consider how to integrate their solutions across their portfolio companies as well”, said Nitti.

Mr. Kyle Wool, President of Dominari Holdings Inc. (NASDAQ: DOMH) commented, “My firm is committed to making American companies great, and Dominari Holdings is proud to be the lead placement agent for a company that protects American citizens, especially our youth, from deep fake technologies. Dominari Securities, our wholly owned Investment Bank, acted as lead placement agent on this important transaction to assist authID in advancing its mission of protecting users by quickly and accurately verifying user’s identity and preventing cybercriminals from taking over accounts. We appreciate the assistance provided by our Board of Advisors on the transaction, who offered keen insight on the deal. Our goal is to build great American companies. We are proud to add authID to that list.”

“The addition of our newly appointed prominent advisors Eric Swider and Donald Nitti is a pivotal moment for our company as it expands authID’s presence by bringing extensive experience and expertise in government and private sector markets opening new opportunities for our industry leading biometric authentication solutions,” said Rhon Daguro, CEO of authID. Our mission is to eliminate fraud and stop account take overs driven by deep fakes. We are extremely pleased to have Kyle Wool and Dominari Holdings assisting us in achieving our goal.

authID intends to use the net proceeds for working capital and general corporate purposes.

The Shares offered in the Registered Direct Offering are being offered by the Company pursuant to a shelf registration statement (Registration No. 333-283580) filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on December 13, 2024. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering will be filed with the SEC and, when available, may be obtained for free on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the Registered Direct offering may be obtained by contacting Madison Global Partners, LLC, Attention: David S. Kaplan, 350 Motor Parkway, Suite 205, Hauppauge, NY 11788, by email at info@madisonglobalpartners.com, or by telephone at (646) 690-0330.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About authID Inc.

authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. With our ground-breaking PrivacyKey Solution, authID delivers all the benefits of biometric identity verification, with a 1-to-1-billion false match rate, while storing no biometric data. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, prevents account takeover, eliminates password risks and costs, and provides the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks, and account takeover.

For more information, please visit authid.ai.

Media Contacts

NextTech Communications
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com

Investor Relations Contacts
Investor-Relations@authid.ai

Gateway Group, Inc.
Alex Thompson
1-949-574-3860
AUID@gateway-grp.com

Cautionary Statement Regarding Forward-Looking Statements:

This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein are forward-looking statements. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024, filed at www.sec.gov and other documents filed with the SEC for risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.

The MIL Network –

April 1, 2025
MIL-OSI: Enovix Reports Progress on 2025 Smartphone Launch

Source: GlobeNewswire (MIL-OSI)

FREMONT, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced the completion of its second milestone, triggering a payment for sample battery cells shipped under a development agreement executed in October 2024 with a leading smartphone OEM. The samples were customized to specific requirements of the OEM, including cycle life, fast charge and energy density levels which Enovix believes are superior to any product available on the market today.

This development builds on recent achievements, including the completion of an ISO 9001:2015 audit of Fab2 in Malaysia with no major or minor findings. Enovix received formal ISO certification last week.

“I am pleased that our team continues to progress our most advanced smartphone agreement in-line with our aim for mass production late 2025,” said Enovix CEO Raj Talluri. “Passing the ISO audit and receiving the certification was also a significant milestone, reflecting our deep commitment to quality in manufacturing operations.”

About Enovix

Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to vehicles and headsets, needs a better battery. The company has developed an innovative, materials-agnostic approach to building a higher performing battery without compromising safety, and it partners with OEMs worldwide to usher in a new era of user experiences.

Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit www.enovix.com and follow the company on LinkedIn.

Investor Contact:

Enovix Corporation

Robert Lahey

Email: ir@enovix.com

Media Contact:

Bateman Agency for Enovix

Kaelyn Attridge

Email: enovix@bateman.agency

The MIL Network –

April 1, 2025
MIL-OSI: Brag House Announces Strategic Innovation Initiatives Following Nasdaq Public Listing

Source: GlobeNewswire (MIL-OSI)

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH), a pioneering media-tech platform at the intersection of gaming, college sports, and brand engagement, today announced its latest innovation roadmap following its successful public listing on Nasdaq. The company is enhancing its leadership in Gen Z engagement by integrating machine learning (ML) technology and expanding strategic data partnerships to deliver deeper proprietary insights for brands.

“An important part of our vision has always been to create a seamless connection between brands and the next generation of consumers,” said Lavell Juan Malloy II, CEO & Co-Founder of Brag House. “With our upcoming enhanced AI capabilities and through our partnerships, we are setting a new standard for authentic engagement in the gaming and college sports ecosystem. This marks a pivotal moment for Brag House as we continue our commitment to deliver innovation at scale.”

Strategic Data Partnership with Artemis Ave and Evemeta

To further strengthen its data-driven approach, Brag House has entered into a strategic partnership with Artemis Ave and Evemeta, two industry leaders in social-video engagement, AI-powered behavioral insights and data infrastructure. These collaborations will enhance Brag House’s ability to deliver anonymized, actionable insights to brands, offering a smarter, more efficient way to connect with Gen Z.

Gregory Butler, CEO of ZuCasa (also known as Artemis Ave), commented:
“The Gen Z audience requires a fundamentally different approach to engagement, one that prioritizes authenticity, relevance, and interactivity. Our partnership with Brag House is a game-changer—bringing AI-powered insights to their clients without sacrificing real human connection. It’s something that is usually overlooked in the digital age that Brag House is committed to solving.”

Evemeta’s cutting-edge data infrastructure solutions will further optimize Brag House’s real-time analytics capabilities, ensuring scalable and cost-efficient operations for its growing platform.

Advancing Data-Driven Engagement with AI & Machine Learning

Brag House is investing in ML-driven engagement tools that will provide brands with deeper insights into Gen Z behavior. These innovations will allow brands to predict user engagement trends, personalize brand interactions, and optimize marketing performance within Brag House’s dynamic gaming and social ecosystem. Additionally, Brag House will offer these insights through a Software-as-a-Service (SaaS) solution, equipping brands with the tools to leverage behavioral data beyond the platform.

Through predictive analytics and proprietary data modeling, Brag House aims to set a new benchmark for community-driven brand engagement, ensuring that marketing efforts align seamlessly with Gen Z’s evolving digital habits.

Scaling the Future of Gen Z Engagement

Brag House has already proven its ability to deliver high-impact engagement and cost-effective brand reach to millions of college students. The platform, to date, drove 1.75X longer view times (19 minutes vs. 11-minute industry average), achieved a 3X lower cost-per-click (CPC) ($0.24 vs. $0.70 industry average), and offered 2X lower cost-per-thousand impressions (CPM) ($3.10 vs. $5.64 industry average). By combining social gaming, AI-driven insights, and strategic brand activations, Brag House is redefining how brands connect with the next generation of consumers—offering measurable engagement at scale.

As part of its long-term strategy, Brag House will continue expanding its platform capabilities, optimizing its B2B data subscription model, and leveraging Nasdaq listing proceeds to fuel further innovation and global market penetration.

About ZuCasa

Holding the exclusive rights for entertainment and gaming to Evemeta’s proprietary Eve encoding, ZuCasa is revolutionizing video engagement for their clients globally through an extensive tech stack of solutions that improve the efficiencies of data modeling and streaming on the back end, while delivering powerful social tools like watch parties and video chat to the end users.

About Brag House

Brag House Holdings, Inc. (NASDAQ: TBH) is a next-generation engagement platform that leverages social gaming, AI-driven insights, and collegiate sports to connect brands with Gen Z. Through a community-first approach, Brag House provides immersive experiences, authentic data-driven brand activations, and a scalable engagement model tailored for the modern digital consumer.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including but not limited to the company’s ability to scale its platform, integrate new technologies, and generate sustainable revenue growth. For a full discussion of these risks, please refer to Brag House’s SEC filings.

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

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

The MIL Network –

April 1, 2025
MIL-OSI: Voltus Registers First Resource Under NYISO’s Distributed Energy Resource Participation Model

Source: GlobeNewswire (MIL-OSI)

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Voltus, Inc. (Voltus), the leading distributed energy resource (DER) platform and virtual power plant (VPP) operator, announced today that it has completed an integration with National Grid and submitted registrations to the New York Independent System Operator (NYISO) for participation in the new Distributed Energy Resource Participation Model (DER Participation Model.) This new model aims to support NYISO’s energy transition by better incentivizing customers to provide balancing resources to the electric grid.

The DER Participation Model significantly increases the value of a customer’s distributed energy resources. If a megawatt enrolled in New York City’s SCR Program instead enrolls in the DER Participation Model, which optimizes participation across the capacity, ancillary services, and energy markets, value can increase by nearly 50%.

“With the DER model, Voltus can unlock brand-new revenue streams for energy storage and flexible loads, while bringing more dollars per megawatt to customers who already participate in demand response programs,” explains Neil Lakin, Voltus CTO and Co-founder. “New York businesses are very sophisticated buyers of energy, but the DER model is complex and will offer something new for everyone. From regulatory advocacy to engineering R&D, we have invested thousands of hours into optimizing the DER model so that any New York business can take advantage of these new opportunities.”

The submitted registrations were for TeraWulf’s Lake Mariner data center campus, which has been a Voltus customer since 2023.

“The Voltus team has an in-depth understanding of TeraWulf’s business model, both from a financial and operational perspective, and possesses the technical expertise needed to seamlessly integrate with our miner management system,” said Nazar Khan, Chief Technology Officer of TeraWulf. “We have complete confidence in Voltus to guide us through new opportunities like the DER Participation Model, driving Lake Mariner’s continued success within the NYISO.”

In the next few months, Voltus expects to complete integrations with additional Transmission Owners, including ConEdison, Orange & Rockland, NYPA, NYSEG and Rochester Gas & Electric. To discuss transitioning to the DER Participation Model, contact the Voltus team at info@voltus.co.

About Voltus
Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.

Media Contact
Mona Khaldi
press@voltus.co

The MIL Network –

April 1, 2025
MIL-OSI: CERo Therapeutics Holdings, Inc. Receives FDA Clearance of Second Investigational New Drug Application to Initiate Phase 1 Clinical Trial of Lead Compound CER-1236 in Solid Tumors

Source: GlobeNewswire (MIL-OSI)

SOUTH SAN FRANCISCO, Calif., March 31, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announces that the Company has received clearance by the U.S. Food and Drug Administration (FDA) for a second Investigational New Drug (IND) application for lead compound CER-1236 for a Phase 1 clinical trial in advanced solid tumors, specifically non-small cell lung cancer and ovarian cancer.

CERo Chief Medical Officer Robert Sikorski, M.D., Ph.D. commented, “Following the launch of our AML trial, we are now starting a second clinical study of CER-1236 to evaluate its potential in solid tumors and bring new therapeutic options to patients with ovarian and lung cancer,” said Robert Sikorski, M.D., Ph.D., Chief Medical Officer of CERo. “CER-1236 is novel: the first CAR-T cell therapy to target Tim-4L and the first with phagocytic activity programmed into a T cell. Preclinical data suggest that this dual mechanism may help overcome key resistance barriers that have hampered solid tumor CAR-T trials. The FDA’s collaborative role has been critical to maintaining development velocity and enabling us to operate two open trials in both hematologic and solid tumors. Taken together, this expansion reflects our belief in the therapeutic breadth and the commercial and partnering potential of CER-1236.”

The Company recently announced data showing that CER-1236 treated ovarian cancer cells and did not generate toxicity in animal models (mice). Investigators found that following dosing, assessment of clinical and anatomic pathology after CER-1236 infusion showed T cell engraftment in lymphoid organs, but there were no in-life observations, clinical pathology, nor histopathological evaluations indicating toxicity caused by the compound.

“Of note, our team has been simultaneously progressing our Phase 1 AML trial in the U.S. Their incredible efforts cannot be under-emphasized, and I wish to convey my gratitude to our extremely competent and efficient team. We are looking forward to sharing progress on each of our two Phase 1 clinical trials in the near term,” added CERo CEO Chris Ehrlich.

About CERo Therapeutics Holdings, Inc.

CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo anticipates initiating clinical trials for its lead product candidate, CER-1236, in 2025 for hematological malignancies.

Forward-Looking Statements

This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the product development and clinical potential of CER-1236, financial position, business strategy and the plans and objectives of management for future operations of CERo and the implementation of its plan of compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 2, 2024, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Chris Ehrlich
Chief Executive Officer
chris@cero.bio

Investors:
CORE IR
investors@cero.bio

The MIL Network –

April 1, 2025
MIL-OSI: Justin Sun: Forbes Cover Marks New Beginning, Vows 40-Year Commitment to Crypto Industry

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, March 31, 2025 (GLOBE NEWSWIRE) — Justin Sun, Global Advisor of HTX and Founder of TRON, has been featured on the Forbes Digital Assets Daily Cover, which lauds him as a “Crypto Billionaire Who Helped The Trumps Make $400 Million.” This marks a historic moment as Sun becomes the second Chinese entrepreneur—after Jack Ma—to be featured on Forbes’ English digital asset spotlight. On the evening of March 28, Sun joined a live broadcast session hosted by HTX titled “Justin Sun Featured on Forbes! Another Legendary Moment for Crypto?” to share his thoughts and experiences. The livestream also featured Molly, Spokesperson of HTX, along with several well-known Chinese crypto influencers and representatives from leading industry media.

Showcasing Chinese Leadership on the Global Crypto Stage

Sun views this recognition as an opportunity to represent both himself and the broader crypto industry on the global stage. “This helps the public better understand who I am, what the crypto industry stands for, and can potentially reshape public perception,” said Sun. “It’s also a great opportunity for the industry’s growth in China. We can now prove to the world that the crypto sector can represent Chinese voices and interests on a global level.”

“This is definitely a milestone, but it’s just the beginning,” he added. Prior to him, only CZ, Brian Armstrong, and SBF had received this level of recognition. “This validates the achievements we’ve made in the industry, and also enhances the visibility and reputation of brands like HTX and TRON. In the business world, Forbes’ endorsement brings credibility and trust to our work.”

Forbes Recognition to Accelerate HTX’s Global Expansion

The three previously recognized crypto leaders corresponded to Binance, Coinbase, and FTX. Now, Sun represents HTX. “Not long ago, Forbes named HTX one of the world’s most trustworthy crypto exchanges. This, along with the latest feature, strongly supports our global expansion,” said Sun. “Since rebranding to HTX, our platform has become easier for international users to recognize and connect with. I’m very optimistic about HTX’s next phase of growth.”

Sun has also praised HTX on social media, citing steady trading volume increases, successful asset launches, and over $100 million in net inflows for three consecutive months. “Based on current liquidity levels, HTX ranks around sixth globally,” he said. “With sustained effort, we have a real opportunity to return to the global top three.”

A Vision to Build the Industry for the Next 40 Years

March 28 also marks the 10th anniversary of Jack Ma’s Lakeside University. As an alumnus, Sun noted: “The biggest difference is, when Jack Ma appeared on Forbes, Alibaba was already a household name. But blockchain is still in its early stages. Out of 7 billion people worldwide, TRON has only 300 million users—we’re still early.”

Looking ahead, Sun remains ambitious. “I believe I can contribute to the industry for at least another 40 years. I entered the crypto space in 2012—it’s been just 13 years. If given three times more time, I’m confident I can help elevate the industry to new heights.”

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

For further inquiries, please contact:
Ruder Finn Asia
glo-media@htx-inc.com.

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f568896-43a1-4685-898f-04524880fc09

The MIL Network –

April 1, 2025
MIL-OSI: BIO-key Partners with Arrow ECS Iberia to Strengthen Access to its Identity and Access Management Solutions in Spain and Portugal
Source: GlobeNewswire (MIL-OSI)

LISBON, Portugal and HOLMDEL, N.J., March 31, 2025 (GLOBE NEWSWIRE) — BIO-key^® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) software for phoneless, tokenless, passwordless, and phishing-resistant authentication experiences, today announced a strategic partnership with Arrow ECS Iberia, a leading cybersecurity and enterprise IT solutions, value-added distributor in Spain and Portugal. Through this collaboration, Arrow ECS Iberia joins BIO-key’s Channel Alliance Partner program, expanding the availability of BIO-key’s cutting-edge IAM solutions across the Iberian market.

With the increasing demand for robust, regulatory-compliant security solutions in Spain and Portugal, the Arrow ECS Iberia partnership reinforces BIO-key’s commitment to providing next-generation identity security solutions that are phoneless, tokenless, and passwordless, improving both cybersecurity resilience and user experience.

Partnership to be Unveiled at Arrow ECS Partner Event Wednesday, April 2nd in Lisbon
BIO-key and Arrow ECS Iberia will officially present the partnership at the Arrow ECS Event, Wednesday, April 2, 2025, at MEO ARENA in Lisbon, Portugal. Arrow ECS Iberia expects to host over 800 partners, technology leaders, and cybersecurity experts, providing a unique opportunity to showcase BIO-key’s advanced IAM solutions to a large audience.

BIO-key will have a dedicated booth for live demonstrations of its solutions, including Multi-factor Authentication (MFA), Single Sign-On (SSO), and Identity-Bound Biometrics (IBB). BIO-key will also be a featured presenter, joining industry leaders to discuss the future of IAM and how organizations can enhance security while ensuring compliance with the Network and Information Security Directive 2 (NIS2) and the General Data Protection Regulation (GDPR).

Arrow ECS Iberia Support for Driving Adoption of BIO-key Solutions in Iberian Market:
- Pre-sales consultation, technical training, and deployment support.
- Comprehensive Identity and Access Management (IAM) solutions, including Multi-factor Authentication (MFA), Single Sign-On (SSO), and Identity-Bound Biometrics (IBB).
- Advanced biometric authentication that eliminates the need for traditional passwords.
- Regulatory-compliant cybersecurity solutions as aligned with European directives, including NIS2 and GDPR.
“Arrow ECS Portugal is committed to providing best-in-class cybersecurity solutions to organizations. Partnering with BIO-key enables us to offer innovative IAM technologies that help businesses enhance security, simplify identity management, and comply with evolving regulatory requirements. Our deep market knowledge and extensive reseller network make us the perfect partner to drive the adoption of BIO-key’s advanced authentication solutions in the region. Arrow ECS has a global presence and offices in 45 countries.” Alexandre Silva, Security Business Development Manager at Arrow ECS Portugal.

Accelerating Cybersecurity and Digital Identity Protection
BIO-key’s Channel Alliance Partner (CAP) program empowers strategic cybersecurity distributors like Arrow ECS Iberia to offer BIO-key’s full suite of biometric authentication, identity security, and adaptive authentication solutions. This partnership will enable enterprises in key industries—including financial services, healthcare, critical infrastructure, and the public sector—to enhance security while ensuring a seamless user experience.

“Arrow ECS Iberia is a recognized leader in IT security distribution, and their extensive experience in cybersecurity and identity solutions makes them an ideal partner for BIO-key in Spain and Portugal. Together, we are committed to supporting organizations in Iberia with secure, scalable, and regulation-compliant IAM solutions. The upcoming Arrow ECS Event provides a fantastic platform to introduce our partnership, connect with IT leaders, and demonstrate how our Identity-Bound Biometrics and IAM solutions are revolutionizing cybersecurity.” – Alex Rocha, International Managing Director at BIO-key.

About Arrow ECS Iberia (http://www.arrowiberia.com)
Arrow ECS Iberia is a leading Value-Added Distributor (VAD) in Spain and Portugal, specializing in enterprise IT solutions, cybersecurity, cloud infrastructure, and identity management. The company works with top-tier technology vendors to deliver high-value IT solutions and services to resellers, system integrators, and managed service providers (MSPs), helping organizations accelerate digital transformation while ensuring security and compliance.

About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

Engage with BIO-key

Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800

The MIL Network –
April 1, 2025
MIL-OSI: Nasdaq Champions Smart Regulatory Reform to Strengthen the World’s Leading Capital Markets and Drive American Economic Growth
Source: GlobeNewswire (MIL-OSI)

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Nasdaq today released a comprehensive set of policy recommendations in a paper titled “Advancing the U.S. Public Markets: Unlocking Capital Formation for a Stronger American Economy.” The paper draws insights from a recent survey and ongoing engagement with thousands of Nasdaq-listed companies and advances critical policy proposals to strengthen the public markets and retain the U.S. capital markets’ status as the global standard for economic innovation and wealth creation.

Over the past 25 years, the number of public companies listed on U.S. exchanges has declined 36%, from 7,000 to 4,500, while the number of private equity-backed companies in the U.S. has increased approximately 475%, from 2,000 to 11,500. One of key drivers behind this trend is the increased burden associated with public company status. The decline in the number of public-traded companies is harmful to the overall strength, liquidity, and depth of the U.S. markets. The unjustifiable increase in the burdens and costs that must be borne as the price for the privilege of accessing U.S. public markets has needlessly hampered U.S. companies’ growth, scale, and competitiveness in the global economy. Importantly, it has also limited Main Street Americans from benefiting from the value and wealth creation potential from American innovation.

Nasdaq’s paper recommends pragmatic and results-oriented regulatory changes to restore balance between oversight and accessibility in the public markets. The analysis includes views from companies and argues for proxy process modernization, scaled disclosure with renewed emphasis on materiality, common sense litigation reform, and increased transparency into short selling.

“Nasdaq has long advocated on behalf of our issuers, and the urgency to find solutions to these pain points extends beyond simply maintaining the public company model – it is about America’s global competitiveness,” said Nelson Griggs, President of Nasdaq. “Grounded in the principles of liquidity, transparency and accessibility, public markets help democratize wealth creation, giving everyday investors the opportunity to invest in the companies shaping the economy. By making regulatory processes more efficient, we can create an environment where companies once again view going public as a worthwhile and meaningful achievement – one that is not just a milestone for a business, but also an opportunity to power the next chapter of American economic growth.”

Public companies need a more level and predictable regulatory environment—one that is rooted in building value for shareholders, ensuring corporate accountability and investor protection. A modern and appropriately scaled regulatory framework can provide investors with the needed information while allowing companies of all sizes to operate and thrive.

Several key policy priorities identified in the paper to support companies going and staying public are:
- Proxy Process Modernization, including improving proxy plumbing, common sense proxy access and shareholder proposal reforms, and proxy advisory reform.
- Scaled Disclosure Relief, including anchoring disclosure requirements in materiality, streamlining quarterly reporting practices, and updating scaled disclosure for emerging growth companies, accelerated filers, smaller reporting companies and well-known seasoned issuers.
- Leveling the Playing Field with Smart Regulation, including ensuring audits remain relevant and affordable, updating short selling disclosures, and reining in unproductive litigation practices.
“Markets evolve over time, and now is the time to rebalance and modernize the regulatory environment that is tilted too heavily toward burdensome oversight and is not enhancing the quality of our public markets or the information that investors receive,” said John Zecca, Executive Vice President and Global Chief Legal, Risk and Regulatory Officer at Nasdaq. “Innovators need a more level and pragmatic regulatory environment that is data-driven and results-oriented. If we focus on common sense regulation, simplifying the regulatory burdens on public companies while providing more meaningful information to investors, we will foster stronger capital markets, accelerate job creation, and expand wealth-building opportunities across American society.”

For more information about Nasdaq’s policy advocacy efforts: www.nasdaq.com/Elevate

About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Media Relations Contact:
Michelle Mendiola
+1.646.634.8350
Michelle.Mendiola@Nasdaq.com

The MIL Network –
April 1, 2025
MIL-OSI: Tax Season Scams: Regula Unveils the Tax Fraud Awareness Guide to Help Americans Safeguard Their Identity
Source: GlobeNewswire (MIL-OSI)

RESTON, Va., March 31, 2025 (GLOBE NEWSWIRE) — Tax season is a prime time for criminals to exploit weak identity security and commit fraud. Millions of Americans still rely on their Social Security Number (SSN) to file taxes, leaving them vulnerable. To protect taxpayers, Regula has launched the Tax Fraud Awareness Guide.

Image: Tax season is a prime opportunity for fraudsters, and it’s important to understand the risks a taxpayer faces.

To help individuals and organizations stay ahead of evolving threats, Regula, global developer of identity verification solutions, has launched the Tax Fraud Awareness Guide – a comprehensive kit for recognizing scams, securing identities, and understanding why SSN verification alone is no longer enough.

What can go wrong?

U.S. residents have seen a notable rise in “smishing” scams – SMS text messages impersonating the IRS to steal personal and financial information. While this trend, which became particularly prominent in late 2020, continues to threaten taxpayers, it’s far from the only scam they face.

The most common threats include:
- Identity Theft – Scammers use stolen personal information to submit tax returns in someone else’s name. (Read more: Identity Theft & How to Prevent It)
- Synthetic Identity Fraud – Criminals create fake identities using stolen SSNs, filing fraudulent tax returns and claiming refunds. (Read more: The Weakness of SSNs)
- Account Takeover – Hackers gain control of IRS or tax software accounts to manipulate filings and reroute refunds. (Read more: How Account Takeovers Happen)
Why SSNs are failing as a security measure

The SSN was never designed as a secure identity verification method, yet it remains central to tax filings. This has led to increased fraud risks, including:
- SSNs Are Easily Stolen – Data breaches have exposed millions of SSNs, making them readily available on the dark web.
- SSNs Are Static – Unlike passwords, SSNs can’t be changed, meaning once they’re compromised, they remain a lifelong risk.
- SSN-Based Verification is Outdated – Many tax-related services still rely on SSNs for authentication, making it easy for criminals to assume a stolen identity.
Beyond SSNs: How Identity Verification (IDV) Strengthens Tax Security

“With modern fraud tactics evolving rapidly, relying on SSNs alone is no longer enough to safeguard taxpayers,” said Henry Patishman, Executive Vice President, Identity Verification Solutions at Regula. “For example, recent SSA’s plans to strengthen identity proofing measures are a step in the right direction, but more needs to be done. Financial institutions, tax agencies, and businesses must embrace advanced identity verification solutions that go beyond static credentials.”

Advanced Identity Verification (IDV) solutions offer a range of tools to safeguard personal and financial data. Biometric verification, including facial recognition or document authentication, confirms real identities. Multi-layered security combines ID document verification, biometric checks, and fraud detection to prevent identity misuse.

Proactive Security for Taxpayers

Regula’s Tax Fraud Awareness Guide is designed to help individuals and organizations recognize and prevent fraud, going beyond SSN-based security to offer actionable solutions. The guide includes:
- An In-Depth Look at Tax Scams – How fraudsters use SSNs, fake tax documents, and phishing schemes to steal refunds.
- Why SSN Verification is No Longer Enough – Data breaches have exposed millions of SSNs, making them readily available on the dark web. (Read more: The Weakness of SSNs)
- What is the solution? – How modern identity verification (IDV) solutions provide stronger protection (Read more: How to Build an IDV System)
- Interactive Tax Fraud Bingo – A fun, educational tool to help taxpayers recognize common scam tactics.
Regula’s Tax Fraud Awareness Guide is available for free. Check the full Guide here.

About Regula

Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner^® Market Guide for Identity Verification.

Learn more at www.regulaforensics.com.

Contact:
Kristina – ks@regulaforensics.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eba84af5-c9c4-46bf-be21-a805611eb9cf

The MIL Network –
April 1, 2025
MIL-OSI: Rapid7 Recognizes Top Global Partners With 2025 Partner Of The Year Awards
Source: GlobeNewswire (MIL-OSI)

BOSTON, March 31, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced the winners of its 2025 Partner of the Year Awards. Now in its 5th year, the annual awards program recognizes both private and public sector partners for exceptional collaboration as well as their positive influence on customers’ security postures.

Rapid7 recently announced significant updates to its global PACT partner program, uniting and energizing partners with tailored engagement programs and specializations, an all-new Partner Training Academy, and a modernized and expanded partner portal. The new program was rolled out to Rapid7’s full channel community, which includes resellers, distributors, systems integrators, and service providers, in a series of in person and virtual events that took place around the world.

“The global Rapid7 partner community is essential in furthering our mission to give customers command of their attack surface with the most adaptive, predictive, and responsive cybersecurity platform,” said Alex Page, vice president of global channel and emerging technology sales, Rapid7. “Through the annual Partner of the Year Awards, we acknowledge the various ways our partners excel in specialization, collaboration, and—most importantly—customer outcomes.”

This year, Rapid7 is recognizing 24 partners across 13 categories in four major geographic regions.

North America Region Winners:
- North America Partner of the Year: SHI
- Canada Partner of the Year: Softchoice
- Public Sector Partner of the Year: CDW•G
- Best Customer Retention Partner of the Year: GuidePoint Security
- Cloud Security Partner of the Year: SHI
- Detection & Response Partner of the Year: CDW
- Exposure Management Partner of the Year: SHI
- MSSP Partner of the Year: Novawatch
- Distributor of the Year: Carahsoft
- Emerging Partner of the Year: The Redesign Group
Latin America Region Winners:
- Latin America Partner of the Year: Netconn
EMEA Region Winners:

APJ Region Winners:

Partner of the Year Quotes:
- North America Partner of the Year – Jared Crowley, senior director of partner software and security sales, SHI, said: “It is an honor for SHI to be recognized as the North America Partner of the Year, Cloud Partner of the Year, and VM Partner of the Year. These awards are a reflection of our team’s dedication and expertise in delivering innovative solutions to our customers. We are excited to continue strengthening our partnership with Rapid7 to drive even greater success together in the future.”
- EMEA Partner of the Year – Will Day, cybersecurity alliances lead at Softcat, said: “I am delighted that the hard work and commitment of the teams has been recognized in this award. It is testament to the strength of partnership between Softcat and Rapid7, refined over the last 10-plus years, yet still fueled by a joint desire to win new customers and provide them with market-leading SecOps solutions. I’m looking forward to seeing what the next 12 months of growth in the partnership will bring.”
- APJ Partner of the Year – Jordan Del-Grande, CEO and founder, DGplex, said: “We at DGplex are incredibly honored to be recognized as the APJ Partner of the Year by Rapid7. This award is a testament to our team’s dedication and expertise in delivering innovative cybersecurity solutions. We look forward to continuing our partnership with Rapid7 to drive excellence and provide unparalleled value to our clients across the region.”
To learn more about Rapid7 partnerships and to explore partnership opportunities, visit https://www.rapid7.com/partners/.

About Rapid7
Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

Rapid7 Media Relations
Stacey Holleran
Sr. Manager, Global Communications
press@rapid7.com
(857) 216-7804

Rapid7 Investor Contact
Elizabeth Chwalk
Vice President, Investor Relations
investors@rapid7.com
(617) 865-4277

The MIL Network –
April 1, 2025
MIL-OSI: Australian Oilseeds Announces Second Quarter Fiscal 2025 Financial Results
Source: GlobeNewswire (MIL-OSI)

COOTAMUNDRA, Australia, March 31, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) today announced financial results for its second quarter fiscal 2025 ended December 31, 2024.

Second Quarter Fiscal 2025 Financial Highlights Compared to Prior Year
- Sales revenue increased 4.5% to A$10.4 million reflecting increased demand for the Company’s chemical free canola oil due to expanded customer contracts.
- Retail oil revenue increased 47.6% to A$5.2 million due to expanded distribution in leading retailers in Australia along with the addition of several new SKUs.
- Net loss of A$0.3 million compared to net income of A$1.0 million, reflecting changes to sales mix along with the timing of planned investments in brand and marketing to support our GEO products as well as higher professional fees, insurance cost and increased listing compliance costs.
“Our retail oils business continued to deliver exceptional growth in the second quarter, reflecting robust demand across our portfolio as well as expanding distribution,” said Gary Seaton, Chief Executive Officer. “Our momentum is strong, including a significant increase in demand from China recently, and we continue to benefit from our commitment to eliminating chemicals from the edible oil production and manufacturing systems to supply quality products such as non-GMO oilseeds and organic and non-organic food-grade oils. We remain comfortable with our direction and trajectory and continue to expect to deliver improving returns over the long term as our business scales.”

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

Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

Contact
Australian Oilseeds Holdings Limited
126-142 Cowcumbla Street
Cootamundra New South Wales 2590
Attn: Amarjeet Singh, CFO
Email: amarjeet.s@energreennutrition.com.au

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

The MIL Network –
April 1, 2025
MIL-OSI: Veritex Holdings, Inc. Announces Extension of Stock Buyback Program

Source: GlobeNewswire (MIL-OSI)

DALLAS, March 31, 2025 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or “the Company”), the parent holding company for Veritex Community Bank, today announced that its Board of Directors (the “Board”) authorized the extension of the stock buyback program (the “Stock Buyback Program”) through March 31, 2026, pursuant to which the Company is authorized to purchase up to $50.0 million shares of the Company’s outstanding common stock. To date, the Company has repurchased 555,016 shares, or $13.1 million under the Stock Buyback Program. The Stock Buyback Program may be suspended, terminated, amended or modified by the Board at any time without prior notice at the Board’s discretion. The Stock Buyback Program was originally approved by the Board in 2024 and was set to expire on March 31, 2025. Other than the extension of the Stock Buyback Program for an additional year, no changes were made to the Stock Buyback Program.

The Stock Buyback Program is expected to be funded using the Company’s cash on hand and cash from operations of Veritex Community Bank. Repurchases under the Stock Buyback Program may be made, from time to time, in amounts and at prices the Company deems appropriate. The Stock Buyback Program does not obligate the Company to purchase any shares of its common stock. Repurchases by the Company under the Stock Buyback Program will be subject to general market and economic conditions, applicable legal and regulatory requirements and other considerations.

About Veritex Holdings, Inc.

Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.

Forward Looking Statement

This press release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements include statements regarding Veritex’s projected plans and objectives, including expectations about share repurchases. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “seek,” “plan,” “outlook,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time and are beyond Veritex’s control. Forward-looking statements speak only as of the date they are made and Veritex assumes no duty to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Veritex’s Annual Report on Form 10-K for the year ended December 31, 2024 and any updates to those risk factors set forth in Veritex’s Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. If one or more events related to these or other risks or uncertainties materialize, or if Veritex’s underlying assumptions prove to be incorrect, actual results may differ materially from what Veritex anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Veritex does not undertake any obligation, and specifically declines any obligation, to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Veritex or persons acting on Veritex’s behalf may issue.

Source: Veritex Holdings, Inc.

The MIL Network –

April 1, 2025
MIL-OSI: iRhythm Unveils New Real-World Data at ACC.25 Demonstrating the Benefits of Zio® Long-Term Continuous Monitoring for Arrhythmia Detection
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, March 31, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC) today announced results from two large real-world retrospective analyses presented at the American College of Cardiology (ACC) 2025 Scientific Sessions in Chicago, IL. Drawing on data from more than 1.1 million patients who used iRhythm’s Zio^® long-term continuous monitoring (LTCM) ECG devices, these studies demonstrate that short-term (24–48-hour) monitoring, such as with Holter devices, fails to detect a significant proportion of actionable arrhythmias—even in patients reporting “daily symptoms”—and that Symptom–Rhythm Correlation (SRC) is notably low for most arrhythmias, underscoring that selection of monitoring duration based on the frequency of symptoms alone can lead to undetected (missed) actionable¹ arrhythmias. Together, these findings highlight the benefits of Zio^® long-term continuous monitoring (LTCM)² and the limitations in 24–48-hour Holter monitoring still prevalent in current clinical practices and payer policies.

Zio LTCM “Daily Symptoms” Study: Gaps in Short-Term Holter Monitoring
- 64% Undetected in the First 48 Hours: Among daily-symptom patients—those with daily or greater symptom frequency— diagnosed with actionable arrhythmias, nearly two-thirds went undetected through two days monitoring—indicating that 24–48-hour monitoring, such as with Holter, would have failed to detect them.
- Higher Yield for Non-Daily Symptom Patients: Non-daily symptom patients—those with symptoms occurring with a frequency less than once per day—had an 80.9% arrhythmia yield versus 69.1% in daily-symptom patients, demonstrating that greater symptom frequency does not necessarily reflect increased arrhythmia burden.
- Mean Time to First Episode Exceeds 48 Hours: Across all arrhythmia types, the mean time to the first detected episode was greater than 48 hours—regardless of symptom frequency—underscoring the limitations of short-term monitoring.
Zio LTCM “Symptom–Rhythm Correlation (SRC)” Study: Symptoms Alone Are Unreliable
- Less Than 20% Correlation: In most arrhythmia types, fewer than one in five patients in the analysis documented a symptom coinciding with an arrhythmic episode. Symptom-rhythm correlation was higher for patients reporting daily vs. non-daily symptoms.
- AF Often Asymptomatic: Even for atrial fibrillation (AF)—the most commonly symptomatic arrhythmia—over half of all cases were asymptomatic.
- Serious Arrhythmias Frequently Not Correlated with Symptoms: Ventricular tachycardia, AV block, and significant pauses were frequently detected by Zio LTCM without patient-reported symptoms, suggesting that selection of monitor duration should not be based on symptom frequency alone, and that long-term continuous monitoring may offer advantages over other monitoring types with shorter duration or those which rely on patient triggered events to initiate recording.
“These findings challenge the long-held assumption that frequent symptoms justify short-duration monitoring,” said Mintu Turakhia, MD, iRhythm Chief Medical and Scientific Officer and EVP of Product Innovation. “They reinforce the limitations of Holter-duration monitoring and highlight the value of Zio long-term continuous monitoring up to 14 days. Once again, iRhythm’s real-world data are contributing evidence that can help guide both clinical practice and payer policy.”

Arrhythmias: A Growing Burden for Patients and Health Systems

Up to five percent of the general population—around 16 million Americans—experience arrhythmias,³ in which the heart may beat too quickly, too slowly, or sporadically. If left untreated, certain arrhythmias can damage the heart, brain, or other organs⁴ and increase the risk of stroke or death.⁵^,⁶^,⁷ Beyond these clinical concerns, the financial toll of undiagnosed arrhythmias is substantial. It’s estimated that undiagnosed atrial fibrillation alone costs the U.S. $3 billion per year,⁸ while heart failure costs could reach $70 billion by 2030.⁹ Taken together, these figures illustrate both the clinical urgency and health-economic rationale for long-term continuous monitoring.

Implications for Clinical Care and Payer Policy

While 24–48-hour Holter monitoring is widely used in current clinical practice and historically supported by payer policies—especially for patients reporting daily symptoms—these new findings indicate that 64% of daily-symptom patients with actionable arrhythmias remain undetected following the first 48 hours of monitoring, which could lead to missed diagnoses and delayed care. In contrast, Zio LTCM provides uninterrupted, continuous monitoring for up to 14 days, enabling more accurate and timely detection of actionable arrhythmias. The Cardiac Ambulatory Monitor EvaLuation of Outcomes and Time to Events (CAMELOT) study, published in the American Heart Journal, further demonstrated that Zio LTCM service had the highest yield of specified arrhythmia diagnosis and the lowest likelihood of repeat testing compared to all other monitoring services.¹⁰^,¹¹^,¹²^,¹³ As healthcare systems increasingly adopt value-based care models, extending monitoring beyond 48 hours can improve patient outcomes, reduce missed diagnoses, and help contain healthcare resource utilization.

New Data Add to iRhythm’s Clinical Evidence Base for LTCM

These new data build on iRhythm’s comprehensive clinical evidence program, encompassing more than 125 original research manuscripts,¹⁴ insights derived from over 2 billion hours of curated heartbeat data¹⁵ and more than 10 million patient reports posted since the company’s inception—underscoring the company’s ongoing commitment to expanding evidence that supports improved patient outcomes.

About the iRhythm Studies Presented at ACC.25

“Arrhythmias in Patients with Daily vs. Non-Daily Symptoms Undergoing Long-Term Continuous Patch ECG Monitoring”

Holter monitoring of 24-48 hours remains in common use for patients with frequent or daily symptoms based on clinician or payer preferences. This retrospective cohort study sought to determine the percentage of arrhythmias detected by LTCM before and after 48 hours of monitoring in patients with daily (≥ 1/day) and non-daily (<1/day) symptoms. Researchers compared yield in patients ≥18 years prescribed a Zio^® monitor or Zio® XT LTCM worn for >7 to 14 days from June 2023 to July 2024. These devices include a patient-activated button to document symptomatic episodes. Symptom frequency was measured as button presses/day and stratified by daily (≥1/day) or non-daily (<1/day). ECG data was analyzed via a deep-learned AI algorithm and confirmed by cardiographic technicians. Nearly two thirds (64%) of daily-symptom patients with actionable arrhythmias were undetected in the first 48 hours and the man time to first detected arrhythmia was >48 hours for all arrhythmia types, regardless of symptom frequency, suggesting that Holter (<48 hour) may be inadequate even for these patients.

“Symptom-Rhythm Correlation Patterns in Patients Undergoing Ambulatory ECG Monitoring: Analysis of Over 1 Million Patients”

Symptoms are the most common indication for ambulatory cardiac monitoring, yet Symptom–Rhythm Correlation (SRC) has not been well described across various arrhythmias. Researchers assessed SRC in patients ≥18 years who wore a Zio^® monitor or Zio^® XT LTCM for >7 to 14 days between June 2023 and July 2024. These devices include a patient-activated button to mark symptomatic episodes, and episodes within ±45 seconds of a recorded arrhythmia were considered rhythm-correlated. ECG data was analyzed via a deep-learned AI algorithm and confirmed by cardiographic technicians. Atrial fibrillation (AF) and ectopic beats were the rhythms most-correlated with patient symptoms. Overall symptom-rhythm correlation was low (i.e., <20% for most rhythms), but higher for patients with Daily Symptoms than Non-Daily Symptoms.

About iRhythm Technologies
iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all. To learn more, please visit https://www.irhythmtech.com/.

Media Contact
Kassandra Perry
irhythm@highwirepr.com

Investor Contact
Stephanie Zhadkevich
investors@irhythmtech.com

¹ Actionable Arrhythmias defined as Atrial Fibrillation ≥30 sec, Supraventricular Tachycardia ≥90 bpm & ≥30s, Ventricular Tachycardia ≥100 bpm & ≥4 beats, any Ventricular Fibrillation, Pause ≥3 sec, and/or Atrioventricular Block (any 2nd Degree or Complete Heart Block).
² The Zio monitor is a prescription-only, single-use ECG monitor that continuously records data for up to 14 days. It is indicated for use on patients who may be asymptomatic or who may suffer from transient symptoms such as palpitations, shortness of breath, dizziness, lightheadedness, pre-syncope, syncope, fatigue, or anxiety.
³ Desai et al. Arrhythmias. In: StatPearls. Treasure Island (FL): StatPearls Publishing; June 5, 2023. https://pubmed.ncbi.nlm.nih.gov/32644349/
⁴ National Heart, Lung, and Blood Institute. Arrhythmias – What Is an Arrhythmia? www.nhlbi.nih.gov. Published March 24, 2022. Accessed April 25, 2024. https://www.nhlbi.nih.gov/health/arrhythmias
⁵ Ataklte et al. Meta-analysis of ventricular premature complexes and their relation to cardiac mortality in general populations. The American Journal of Cardiology. 2013;112(8):1263-1270. doi:10.1016/j.amjcard.2013.05.065
⁶ Lin et al. Long-term outcome of non-sustained ventricular tachycardia in structurally normal hearts. PLOS ONE. 2016;11(8). doi:10.1371/journal.pone.0160181
⁷ Wolf et al. Atrial fibrillation as an independent risk factor for stroke: The Framingham Study. Stroke. 1991;22(8):983-988. doi:10.1161/01.str.22.8.983
⁸ Turakhia et al. Economic Burden of Undiagnosed Nonvalvular Atrial Fibrillation in the United States. The American Journal of Cardiology. 2015;116(5):733-739. doi:https://doi.org/10.1016/j.amjcard.2015.05.045
⁹ Heidenreich et al. Forecasting the Impact of Heart Failure in the United States: A Policy Statement From the American Heart Association. Circulation: Heart Failure. 2013;6(3):606-619. doi:https://doi.org/10.1161/hhf.0b013e318291329a
¹⁰ Reynolds et al. Comparative effectiveness and healthcare utilization for ambulatory cardiac monitoring strategies in Medicare beneficiaries. Am Heart J. 2024;269:25–34. https://doi.org/10.1016/j.ahj.2023.12.002
¹¹ A specified arrhythmia refers to an arrhythmia encounter diagnosis as per Hierarchical Condition Categories (HCC) 96.

¹² Based on previous generation Zio XT device data. Zio monitor utilizes the same operating principles and ECG algorithm. Additional data on file.
¹³ Zio LTCM service refers to Zio XT and Zio monitor service.
¹⁴ Data on file. iRhythm Technologies, 2025.
¹⁵ Data on file. iRhythm Technologies, 2024.

The MIL Network –
April 1, 2025
MIL-OSI: Atsign Advances Private Website Security with the Power of Invisibility
Source: GlobeNewswire (MIL-OSI)

SAN JOSE, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Atsign today announced that NoPorts™ fundamentally changes how private websites are secured. Unlike current systems where the web entry point is visible to anyone on the internet, NoPorts makes the entire website invisible until a person is cryptographically authenticated. This eliminates a significant attack vector, ensuring only authorized individuals can access the site.

Private websites, containing sensitive data for organizations like legal offices, healthcare providers, and financial institutions, typically have open ports and allow connections prior to authentication. This makes it possible for bad actors to find them by scanning for open ports and then attempt to break into them through a variety of means including credential stuffing, brute-force attacks, and social engineering methods used to bypass multi-factor authentication.

“Current ‘private’ websites are fundamentally flawed. They are easily discovered by bad actors thanks to open ports and allow connections prior to authentication, enabling a variety of attacks. NoPorts flips that model, by closing all inbound network ports and demanding cryptographic proof of identity before any connection, ensuring true invisibility and security,” said Barbara Tallent, CEO of Atsign.

NoPorts enhances security through:
- Invisibility – By closing open ports, NoPorts prevents unauthorized discovery and access.
- Cryptographic Identity Verification – NoPorts replaces traditional authentication methods by requiring cryptographic authentication prior to connection, eliminating a variety of cyber attacks including the risks associated with passwords and MFA.
- End-to-End Encryption – All traffic is encrypted, ensuring data remains protected even if a network is compromised.
This approach strengthens security without adding complexity for authorized individuals. NoPorts simplifies security management and reduces IT overhead while providing robust protection against cyber threats.

This announcement builds upon Atsign’s ongoing development of NoPorts technology, which has already been applied to OpenWrt devices, APIs, AI models, and cloud infrastructure, demonstrating the technology’s broad applicability.

About NoPorts

NoPorts eliminates network & security vulnerabilities by securing connections between people, entities, and things making them invisible to would-be attackers by eliminating attack network surfaces. Built on Atsign’s atPlatform, NoPorts provides a zero trust architecture, end-to-end encryption, and no reliance on cumbersome security layers, enabling seamless and secure communication across virtually any environment. Organizations gain scalability, operational efficiency, and stronger security—all while reducing costs and complexity. For more information, visit NoPorts.com.

About Atsign

At Atsign, we believe that people, entities, and things—including AI—should connect securely and directly, while always being invisible to bad actors. By eliminating the need for open ports and centralized servers, the atPlatform empowers developers and organizations to build applications with “invisible” security built in, placing data and device control back into the hands of their owners. Atsign is the creator of the atPlatform, the most robust infrastructure available for “invisible networking” and secure, private, peer-to-peer connectivity. Learn more at Atsign.com.

Scott Hetherington
Atsign
Scott@Atsign.com
844-827-0985

The MIL Network –
April 1, 2025
MIL-OSI: Intetics Ranks Among America’s Most Innovative Companies for 2025 – A True Tech Leader

Source: GlobeNewswire (MIL-OSI)

Intetics, a leading global technology company, has once again been recognized by Fortune as one of America’s Most Innovative Companies in 2025.

NAPLES, Fla., March 31, 2025 (GLOBE NEWSWIRE) — America’s Most Innovative Companies honors 300 companies headquartered in the United States that are reshaping industries from the inside out. The list is determined based on independent scores in three key categories — product innovation, process innovation, and innovation culture — all of which are at the heart of the services we provide to our clients.

To create this esteemed list, Fortune collaborated with market research firm Statista, which evaluated over 10,000 companies across the U.S. The evaluation included input from more than 40,000 survey participants and a panel of 2,500 industry experts. The top 300 companies with the highest overall scores were recognized, and we are proud to be among them.

“Intetics has once again been recognized as one of Fortune’s Most Innovative Companies in America! My head is spinning from such an honor. This recognition reaffirms our commitment to creating groundbreaking solutions and driving meaningful impact. A huge thank you to our incredible team, partners, and clients who make an innovative part of our DNA every day. We’re proud to be on this list and will keep pushing forward.”
Boris Kontsevoi, CEO & President of Intetics

Intetics entered the Top 43 global leaders in the Technology category, standing alongside significant industry players such as Apple, Microsoft, Nvidia, Oracle, Cisco Systems, Intel, eBay, and others. This remarkable achievement underscores our role as a leader in technological innovation.

For more than 30 years, innovation has been the cornerstone of Intetics, fueling our position as an AI-driven tech leader. From pioneering a revolutionary team formation model to introducing our AI-powered Enterprise Knowledge Assistant, we’ve consistently pushed the limits of technology.

With a deep focus on understanding our clients’ unique challenges, we provide cutting-edge, cost-effective IT solutions that leverage AI, Machine Learning (ML), AR/VR, Blockchain, geospatial technologies, and other tech competencies. Whether creating sophisticated enterprise software or building intuitive mobile applications, we collaborate closely with clients to deliver tailored solutions that meet both engineering and business objectives.

Discover more about how you can help your business thrive by leveraging innovative tech and efficient dedicated development teams.

About Fortune

Fortune is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling.

About Statista

Statista is an online platform specialized in market and consumer data, which offers statistics and reports, market insights, consumer insights and company insights in German, English, Spanish and French.

About Intetics Inc.

Intetics Inc. is a leading American technology company providing custom software application development, distributed professional teams creation, software product quality assessment, and “all-things-digital” solutions built with SMAC, RPA, AI/ML, IoT, blockchain, and GIS/UAV/LBS technologies.

Based on proprietary pioneering business models of Offshore Dedicated Team^® and Remote In-Sourcing^®, an advanced Technical Debt Reduction Platform (TETRA™) and measurable SLAs for software engineering, Intetics helps innovative organizations capitalize on global talent with our in-depth engineering expertise based on our Predictive Software Engineering framework.

At Intetics, our outcomes do not just meet clients’ expectations, they have been exceeding them for a quarter of a century. Intetics is ISO 9001 (quality) and ISO 27001 (security) certified and a Microsoft Gold, Amazon, and UiPath Silver partner. The company’s innovation and growth achievements are reflected in winning prestigious titles and awards, including Inc5000, Software 500, CRN 100, American Business, Deloitte Fast 50, European IT Excellence, Best European BPO, Stevie People’s Choice, Clutch and ACQ5 Awards, IAOP Global Outsourcing 100 and Fortune Innovative 300 lists. You can find more information at https://intetics.com.

The MIL Network –

April 1, 2025
MIL-OSI: Diginex Limited and Forvis Mazars Announce Strategic Alliance to Enhance Supply Chain Risk Assessment with diginexLUMEN

Source: GlobeNewswire (MIL-OSI)

LONDON, March 31, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex Limited” or the “Company”) (NASDAQ: DGNX), a leading impact technology company focused on solving pressing environmental, social, and governance (ESG) challenges, today announced a strategic alliance with Forvis Mazars (“Forvis Mazars”), a leading global professional services firm, to bring its innovative supply chain due diligence platform, diginexLUMEN, to Forvis Mazars’ extensive client base. This collaboration aims to empower businesses to assess and manage supply chain risks related to climate and social issues, enhancing transparency and resilience in an increasingly complex global landscape.

The alliance combines Diginex’s cutting-edge technology with Forvis Mazars’ deep expertise in ESG advisory, climate risk management, and business strategy, offering clients a powerful tool to navigate the evolving demands of sustainability and regulatory compliance. diginexLUMEN, a scalable and affordable Software-as-a-Service (SaaS) solution, provides unparalleled insight into supply chain risks by leveraging robust governance processes, multilingual worker voice surveys, and algorithm-based risk scoring. This enables companies to identify, prioritize, and address issues such as forced labor, climate impacts, and other social vulnerabilities across their global operations.

“We are excited to work with Forvis Mazars to introduce diginexLUMEN to their clients, helping businesses of all sizes tackle the critical challenges within their supply chains,” said Mark Blick, CEO of Diginex. “This alliance underscores our mission to help enable easy access to advanced ESG tools, enabling organizations to drive meaningful change while meeting stakeholder expectations and regulatory requirements.”

Forvis Mazars, known for its tailored solutions in ESG and climate risk management, sees this alliance as a key step in supporting clients to build sustainable and resilient business models. “Our clients are increasingly focused on understanding and mitigating supply chain risks tied to climate change and social issues,” said William Hughes, Sustainability Director at Forvis Mazars. “By integrating diginexLUMEN into our service offerings, we can provide actionable insights and innovative technology to help them achieve their sustainability goals and thrive in a rapidly changing world.”

This strategic relationship comes at a pivotal time as global supply chains face heightened scrutiny from regulators, investors, and consumers demanding greater accountability on climate and social impacts. diginexLUMEN’s proven track record—developed in collaboration with industry leaders like The Coca-Cola Company, Unilever and Reckitt—positions it as a transformative tool for companies seeking to move beyond traditional audit models toward continuous, data-driven risk management.

Through this alliance, Forvis Mazars clients will gain access to diginexLUMEN’s comprehensive features, including supplier performance monitoring, ESG reporting capabilities, and actionable improvement tracking, all designed to foster transparency and accountability. Together, Diginex and Forvis Mazars aim to set a new standard for supply chain due diligence, helping businesses align profitability with purpose.

For more information about diginexLUMEN or to schedule a demo, visit www.diginex.com. For inquiries about Forvis Mazars’ ESG and climate risk services, visit www.forvismazars.us.

About Diginex Limited
Diginex Limited is a Cayman Islands exempted company, with subsidiaries located in Hong Kong, the United Kingdom and the United States of America. Diginex Limited commenced operations in 2020 and is a software company that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. Diginex Limited is an impact technology business that helps organizations address the some of the most pressing ESG, climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.

Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. For more information, please visit the Company’s website: https://www.diginex.com/.

 About Forvis Mazars 

Forvis Mazars is the brand name for the Forvis Mazars Global network (Forvis Mazars Global Limited) and its two independent members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories. Forvis Mazars Global Limited is a UK private company limited by guarantee and does not provide any services to clients. Forvis Mazars LLP is the UK firm of Forvis Mazars Group.

Forward-Looking Statements

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

For investor and media inquiries, please contact:

Diginex
Investor Relations
Email: ir@diginex.com

IR Contact – Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de

IR Contact – US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global

IR Contact – Asia
Shelly Cheng
Strategic Public Relations Group Ltd.
Phone: +852 2864 4857
Email: sprg_diginex@sprg.com.hk

Forvis Mazars
Josh Voulters
Communications and Brand Director
Email : josh.voulters@mazars.co.uk

The MIL Network –

April 1, 2025

MIL-OSI: BOS Reports Financial Results for the Fourth Quarter and Full Year 2024

Source: GlobeNewswire (MIL-OSI)

Net Income Rises 14.7% Year-Over-Year on Increased Gross Margin, Efficient Operations

Provides Initial 2025 Outlook for Further 10% Growth in Sales and Net Income

RISHON LE ZION, Israel, March 31, 2025 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the fourth quarter and full year 2024.

Year 2024 Financial Highlights:

Revenues declined by 9.7% to $39.9 million from $44.2 million in 2023. Revenue results in 2023 benefitted from one-time post-COVID restocking activities at multiple customers.
Gross profit margin increased to 23.3% compared to 20.8% in the preceding year, demonstrating improved operating efficiency.
Operating profit decreased to $1.4 million from $2.5 million in 2023, due to $1.2 million non-cash impairment of goodwill and other intangible assets in 2024.
EBITDA increased to $3.25 million compared to $3.06 million in 2023.
Financial expenses decreased to $139,000 from $441,000 in the prior year.
Non cash income from taxes amounted to $1 million in year 2024.
Net income increased by 14.7% to $2.3 million, or $0.40 per basic share, compared to $2.0 million, or $0.35 per basic share, in the year 2023.

Fourth Quarter 2024 Financial Highlights:

Revenues declined by 4.6% to $10.4 million from $10.9 million in the fourth quarter of 2023.
Gross profit margin increased to 22.9% compared to 19.2% in the comparable quarter last year.
Operating loss amounted to $616,000 compared to an operating income of $400,000 in the fourth quarter of 2023, due to a $1.2 million non-cash impairment of goodwill and other intangible assets included in the results of the fourth quarter of 2024.
EBITDA amounted to $715,000 compared to $562,000 in the fourth quarter of 2023.
Financial income amounted to $99,000 compared to financial expenses of $31,000 in the fourth quarter of 2023.
Non cash income from taxes in the amount of $1 million in the fourth quarter of 2024.
Net income amounted to $485,000 or $0.08 per basic share compared to $427,000 or $0.07 per basic share in the fourth quarter of 2023.

Eyal Cohen, BOS’ CEO, stated: “BOS improved profitability on an operating basis across all of our business units in 2024, leveraging our favorable sales mix and lean cost structure to increase gross margin to 23.3% and net income to $2.3 million. That momentum has carried into 2025 as we continue to scale the business, manage costs effectively and drive operating leverage. We are starting the year with a 35% increase in backlog, at $27 million as of December 31, 2024, compared to $20 million as of December 31, 2023, plus significant new defense customer orders announced in the first quarter to date. As a result, our 2025 outlook calls for a 10% year-over-year increase in both sales and net income to $44 million of revenues and $2.5 million of net income.

“BOS’ growth strategy remains focused on deepening our penetration in the defense sector, where we have strong customer relationships at both the primary and subcontractor levels. We expect robust ordering patterns across the strategic defense industry to continue in 2025, and we are progressing our sales strategy to enter new overseas markets by leveraging our relationships with Israeli defense customers that operate globally. We also continue to seek accretive strategic opportunities where we can deploy our strong balance sheet to expand BOS’ capabilities and reach in the growing global defense market.”

Board Updates
On March 19, 2025, BOS announced the appointment of Osnat Gur, an independent director since 2021, as Board Chair and the appointment of Avi Dadon as a new independent director.

Ms. Gur brings extensive management and leadership experience to BOS, having served as CEO of a global B2B marketing agency, an RFID technology company, and a dietary supplements manufacturer over the course of her career. She also serves as a board director in multiple Israeli companies.

Mr. Dadon brings decades of experience in military leadership, defense procurement, supply chain management and logistics to BOS. He served as Head of Procurement for the Israeli Ministry of Defense from 2017 to 2023 and is a retired Colonel in the Israeli Defense Forces (IDF), with 28 years of military service.

“We are excited to congratulate Osnat in her new role as Board Chair, and look forward to working with her to plan BOS’s next chapter of growth and earnings as we continue to execute our growth strategy,” said Cohen. “We also welcome Avi to the board and look forward to leveraging his decades of experience with the IDF and Ministry of Defense procurement to support BOS’s continued success.”

About BOS Better Online Solutions Ltd.
BOS integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions:

Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.
RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.
Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing cutting-edge products.

For additional information, contact:
Matt Kreps, Managing Director
Darrow Associates
+1-214-597-8200
mkreps@darrowir.com

Eyal Cohen, CEO
+972-542525925
eyalc@boscom.com

Use of Non-GAAP Financial Information
BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

Safe Harbor Regarding Forward-Looking Statements
The forward-looking statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the US Securities and Exchange Commission, including risks related to Israel’s conflicts with Hamas and other parties in the region.
BOS undertakes no obligation to publicly update or revise any forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.


CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands

	Year ended December 31,					Three months ended December 31,
	2024			2023		2024		2023
	(Unaudited)		(Audited)			(Unaudited)		(Audited)

Revenues	$	39,949		$	44,179	$	10,388			$	10,886
Cost of revenues	30,655			34,970		8,007				8,796
Gross profit	9,294			9,209		2,381				2,090
Operating costs and expenses:
Research and development	175			158		50				44
Sales and marketing	4,394			4,891		1,118				1,278
General and administrative	2,113			1,762		656				420
Other income, net	–			(52)		–				(52)
Impairment of intangible assets and Goodwill	1,173			–		1,173				–
Total operating costs and expenses	7,855			6,759		2,997				1,690

Operating income (loss)	1,439			2,450		(616)				400
Financial income (expenses), net	(139)			(441)		99				31
Income before taxes on income	1,300			2,009		(517)				431
Income taxes benefits (expenses)	1,000			(4)		1,002				(4)
Net income	$	2,300		$	2,005	$	485			$	427

Basic net income per share	$	0.40		$	0.35	$	0.08			$	0.07
Diluted net income per share	$	0.39		$	0.34	$	0.08			$	0.07
Weighted average number of shares used in computing basic net income per share	5,756			5,727		5,776			5,748
Weighted average number of shares used in computing diluted net income per share	5,887			5,905		5,975			5,856

Number of outstanding shares as of December 31, 2024 and 2023	5,793			5,748		5,793			5,748

CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)

	December 31, 2024		December 31, 2023
	(Unaudited)		(Audited)
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	3,368	$	2,344
Restricted bank deposits	185		217
Trade receivables	11,787		12,424
Other accounts receivable and prepaid expenses	1,150		963
Inventories	7,870		6,070

Total current assets	24,360		22,018

LONG-TERM ASSETS	177		196

PROPERTY AND EQUIPMENT, NET	3,417		3,268

OPERATING LEASE RIGHT-OF-USE ASSETS, NET	779		1,026

DEFERRED TAX ASSETS	1,000		–

OTHER INTANGIBLE ASSETS, NET	422		1,078

GOODWILL	4,188		4,895

Total assets	$	34,343	$	32,481

CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)

	December 31, 2024		December 31, 2023
	(Unaudited)		(Audited)

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:
Current maturities of long-term loans	$	439	$	170
Operating lease liabilities, current		176		235
Trade payables		6,362		7,710
Employees and payroll accruals		1,087		980
Deferred revenues		2,003		600
Advances net of inventory in progress		–		137
Accrued expenses and other liabilities		598		1,072

Total current liabilities		10,665		10,904

LONG-TERM LIABILITIES:
Long-term loans, net of current maturities		980		1,150
Operating lease liabilities, non-current		576		759
Long-term deferred revenues		293		339
Accrued severance pay		498		490

Total long-term liabilities		2,347		2,738


TOTAL SHAREHOLDERS’ EQUITY		21,331		18,839


Total liabilities and shareholders’ equity	$	34,343	$	32,481

CONDENSED CONSOLIDATED EBITDA
(U.S. dollars in thousands)

	Year ended December 31,				Three months ended December 31,
	2024		2023		2024			2023

Operating income (loss)	$	1,439	$	2,450	$	(616	)		$	400
Add:
Impairment of Goodwill and other intangible assets		1,173		–		1,173				–
Amortization of intangible assets		190		168		47				48
Stock-based compensation		74		98		11				24
Depreciation		370		342		100				90
EBITDA	$	3,246	$	3,058	$	715			$	562

SEGMENT INFORMATION
(U.S. dollars in thousands)

	RFID		Supply Chain Solutions		Intelligent Robotics		Intercompany	Consolidated
	Year ended December 31,
	2024

Revenues	$	12,877	$	25,829		1,410	(167)	$	39,949
Cost of revenues		9,344		19,763		1,079	(167)		30,019
Allowance for slow inventory		–		636		–	–		636
Gross profit		3,533		5,430		331			9,294

Allocated operating expenses		2,273		3,338		274			5,885

Impairment of goodwill and intangible assets		984		189		–			1,173

Unallocated operating expenses*				–		–			797

Operating income	$	276	$	1,903	$	57			1,439

Financial expenses and income tax benefits									861

Net income								$	2,300

	RFID		Supply Chain Solutions		Intelligent Robotics		Intercompany	Consolidated
	Year ended December 31,
	2023

Revenues	$	13,713	$	28,845		1,742	(121)	$	44,179
Cost of revenues	10,534		22,830			1,557	(121)	34,800
Allowance for slow inventory	–		170		–		–	170
Gross profit	3,179		5,845			185		9,209

Allocated operating expenses	2,150		3,675			258		6,083

Unallocated operating expenses*			–		–			676

Operating income (loss)	$	1,029	$	2,170	$	(73)		2,450

Financial expenses and tax on income								(445)

Net income								$	2,005

*Unallocated operating expenses include costs not specific to a particular segment but are general to the group, such as expenses incurred for insurance of directors and officers, public company fees, legal fees, and other similar corporate costs.

SEGMENT INFORMATION
(U.S. dollars in thousands)

	RFID		Supply Chain Solutions		Intelligent Robotics		Intercompany	Consolidated
	Three months ended December 31, 2024

Revenues	$	3,445	$	6,806	$	171	(34)		$	10,388
Cost of revenues	2,294		5,170		127		(34)		7,557
Allowance for slow inventory	–		450		–		–		450
Gross profit	1,151		1,186		44		–		2,381

Allocated operating expenses	605		883		84		–		1,572

Impairment of goodwill and intangible assets	984		189		–				1,173

Unallocated operating expenses*									252

Operating income (loss)	$	(438)	$	114	$	(40)			(616)

Financial income and income tax benefits									1,101

Net income									$	485

	RFID		Supply Chain Solutions		Intelligent Robotics		Intercompany	Consolidated
	Three months ended December 31, 2023

Revenues	$	3,622	$	7,017	$	279	(32)		$	10,886
Cost of revenues	2,897		5,797		171		(32)		8,833
Allowance for slow inventory	–		(37)		–		–		(37)
Gross profit	725		1,257		108		–		2,090

Allocated operating expenses	513		974		72		–		1,559

Unallocated operating expenses*									131

Operating income	$	212	$	283	$	36			400

Financial income and tax on income									27

Net income										$	427

The MIL Network –

April 1, 2025

MIL-OSI: New Stratus Energy Announces Pricing and Upsizing of Previously Announced Concurrent Offerings

Source: GlobeNewswire (MIL-OSI)

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) — New Stratus Energy Inc. (TSX.V – NSE) (“New Stratus”, “NSE” or the “Corporation”) is pleased to announce that it has priced and increased the size of its previously announced brokered private placement offering of (i) subscription receipts (the “Subscription Receipts” and the “Subscription Receipt Offering”) and (ii) common shares (the “Common Shares” and the “Common Share Offering”, and together with the Subscription Receipt Offering, the “Concurrent Offerings”).

The Concurrent Offerings are being co-led by Ventum Financial Corp. (“Ventum”) and Cormark Securities Inc. (“Cormark” and together with Ventum, the “Lead Agents”) on their own behalf, and in respect of the Subscription Receipt Offering, on behalf of a syndicate of agents (the “Agents”).

Pursuant to the Concurrent Offerings, New Stratus intends to issue (i) 572,000,000 Subscription Receipts at a price of C$0.30 per Subscription Receipt (the “Offering Price”) for gross proceeds of up to approximately US$120.0 million (C$171.6 million); and (ii) 33,385,400 Common Shares at the Offering Price per Common Share for gross proceeds of up to approximately US$7.0 million (C$10.0 million). As a result of the upsized Concurrent Offerings, New Stratus does not expect to require any additional subordinate or convertible debt financing.

The Concurrent Offerings are expected to close on or about April 10, 2025, subject to TSXV approval and other customary closing conditions.

In all other respects, the terms of the Concurrent Offerings and use of proceeds therefrom will remain as previously announced.

Contact Information

Jose Francisco Arata
Chairman & Chief Executive Officer
jfarata@newstratus.energy

Wade Felesky
President & Director
wfelesky@newstratus.energy

Mario Miranda
Chief Financial Officer
mmiranda@newstratus.energy – (647) 498-9109

Note on Currency and Exchange Rates

In this news release, references to “C$” or “$” are to Canadian dollars and references to “US$” are to United States dollars. In this news release, the Corporation has used a currency exchange rate of US$1.00 = C$1.43.

Forward-Looking Information

Certain information set forth in this news release constitutes “forward-looking statements”, and “forward-looking information” under applicable securities legislation (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of conditional or future tenses or by the use of words such as “will”, “expects”, “intends”, “may”, “should”, “estimates”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions, including variations thereof and negative forms. Forward-looking statements in this news release include, among others, the pricing, terms, timing and completion of the Concurrent Offerings, and the amount thereof. Forward-looking statements are based on the Corporation’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them.

In respect of the forward-looking statements contained herein, the Corporation has provided them in reliance on certain key expectations and assumptions made by management, including expectations and assumptions concerning the receipt of all approvals and satisfaction of all conditions to the completion of Concurrent Offerings, the availability of debt and equity financing on terms acceptable to the Corporation, prevailing weather conditions, prevailing legislation affecting the oil and gas industry, commodity prices and exchange rates.

Although NSE believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because NSE can give no assurance that they will prove to be correct. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks); risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; the impact of general economic conditions in Canada and Ecuador; prolonged volatility in commodity prices; the risk that the new U.S. administration imposes tariffs affecting the oil and gas industry in Ecuador or globally, and that such tariffs (and/or retaliatory tariffs in response thereto) adversely affect the demand for the Corporation’s production, or otherwise adversely affects the Corporation’s business or operations; the risk that Oriente Blend oil prices are lower than anticipated; determinations by OPEC and other countries as to production levels; the risk of changes in government policy on resource development; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; the timing for conducting planned operations and the results of such operations, including flow rates and resulting production; the availability of the requisite personnel and equipment to conduct operations; the ability to successfully integrate operations and realize the anticipated benefits of acquisitions; the ability to increase production, and the anticipated cost associated therewith; failure of counterparties to perform under contracts; changes in currency exchange rates; interest rate fluctuations; the ability to secure adequate equity and debt financing; and management’s ability to anticipate and manage the foregoing factors and risks.

There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. New Stratus undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits may be derived therefrom.

General Advisory

This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the securities may not be offered or sold within the United States except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

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

The MIL Network –

April 1, 2025
MIL-OSI: Westhaven Announces Leadership Changes; Appoints Armstrong President & CEO

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) today announced that Gareth Thomas will step down as President and Chief Executive Officer, effective April 30, 2025 with the Board of Directors appointing Ken Armstrong as the new President and CEO, effective May 1, 2025. Thomas, who has served in an executive capacity with Westhaven since 2010 and CEO since 2018, will remain as a director and advisor to the Board.

Eira Thomas, Chairperson commented: “Gareth led Westhaven from an early-stage, grass roots gold exploration concept, through multiple high-grade gold drilling discoveries and most recently, the completion of a PEA outlining a robust development opportunity at Shovelnose, the Company’s flagship project in southern BC. We are indebted to Gareth for his commitment and leadership during this critical phase in the Company’s development.” She further stated that: “This planned transition represents a strategic renewal of leadership as we work to rapidly advance the Shovelnose project towards feasibility in parallel with ongoing gold exploration efforts across our highly prospective Spences Bridge portfolio of properties. We are delighted to be welcoming industry veteran Ken Armstrong as CEO to lead this effort.”

Gareth Thomas, stated, “I am very proud of what we’ve accomplished on the Spences Bridge Gold Belt since Westhaven’s inception in 2010. This transition marks a new chapter for the Company, as we advance towards development at Shovelnose, and I am excited for what the future holds under Ken’s leadership. The relationships that we have established within the Nlaka’pamux Nation are particularly important to me. These relationships are founded on respect, trust and collaboration, and I remain fully committed to continuing to work with the Nlaka’pamux Nation in my role as a director and advisor to Westhaven.”

Ken Armstrong is a seasoned exploration and mining professional with over thirty years of experience, including twenty years as a corporate executive for publicly listed exploration and mining companies covering a range of commodities including diamonds, gold, nickel, and tin. Ken has a distinguished track record in mineral exploration, corporate leadership, and strategic project development and has also received recognition for excellence in community and government engagement. His diverse leadership roles include serving most recently as CEO and director of North Arrow Minerals, Director and Interim CEO of Cornish Metals Inc., Executive Director of the NWT and Nunavut Chamber of Mines, and previously leading Strongbow Exploration Inc. (now Cornish Metals Inc.). He is a registered Professional Geoscientist in the Northwest Territories, Nunavut, and the Province of Ontario.

Westhaven has granted 1,000,000 incentive stock options to Mr. Armstrong pursuant to the terms of its 10% Rolling Equity Incentive Plan which was approved by Shareholders at the Annual General Meeting held on June 24, 2024. The stock options have an exercise price of $0.15 per share, a 5-year term, and will vest in thirds over a period of 18 months from the date of grant. Following this grant of stock options, there are 16,555,000 stock options outstanding, representing 8.8% of the Company’s issued and outstanding common shares.

On behalf of the Board of Directors
WESTHAVEN GOLD CORP.

“Eira Thomas”

Eira Thomas, Chairperson & Director

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.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~61,512 hectares (~615 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com

The MIL Network –

April 1, 2025
MIL-OSI: Ingersoll Rand Recommends Rejection of TRC Capital’s “Mini-Tender” Offer

Source: GlobeNewswire (MIL-OSI)

DAVIDSON, N.C., March 31, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,500,00 shares of Ingersoll Rand’s common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company’s common stock on The New York Stock Exchange on March 21, 2025 ($80.96), the last trading day before the date of the offer. The offer price is also approximately 2.43% below the closing price of Ingersoll Rand’s common stock on March 28, 2025 ($79.43), the business day prior to this release.

Ingersoll Rand does not endorse TRC Capital’s offer and is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation.

Ingersoll Rand recommends that its stockholders reject the offer and not tender their shares in response to TRC Capital’s unsolicited mini-tender offer. This mini-tender offer is at a price below the closing price for the company’s shares (as of the business day prior to this release) and is subject to numerous conditions.

TRC Capital has made similar unsolicited mini-tender offers for shares of other publicly traded companies. Mini-tender offers seek to acquire less than 5% of a company’s outstanding shares. This strategy enables the offering company to avoid many of the disclosure and procedural requirements that the U.S. Securities and Exchange Commission (SEC) requires for tender offers. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. federal securities laws.

The SEC’s website contains important tips for investors regarding mini-tender offers, available at: https://www.sec.gov/about/reports-publications/investorpubsminitend. The SEC’s website advises that mini tender-offers are frequently used to catch investors “off guard” and that investors may end up selling securities at below-market prices.

Similar to TRC Capital’s mini-tender offers targeted at other companies, these offers put individual investors at risk because they may not realize they are selling their shares at a discount. The offer is also subject to certain conditions. Ingersoll Rand urges stockholders to obtain current stock quotes for their shares of company common stock, to review the terms and conditions of the offer, to consult with their brokers or financial advisers, and to exercise caution with respect to TRC Capital’s mini-tender offer.

Ingersoll Rand stockholders who have already tendered their shares are advised they may withdraw their shares by following the procedures for withdrawal described in the TRC Capital offer documents prior to the expiration of the offer, which is currently scheduled for one minute after 11:59 p.m., New York City Time, on April 23, 2025.

Additionally, Ingersoll Rand encourages brokers, dealers, and other investors to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosure, available at: https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

Ingersoll Rand requests that a copy of this news release be included with all distribution of materials related to TRC Capital’s offer for shares of Ingersoll Rand’s common stock.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to expectations of Ingersoll Rand Inc. (the “Company” or “Ingersoll Rand”) regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.

These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to geopolitical tensions, natural disaster, catastrophe, global pandemics, cyber events, or other events outside of our control; (2) unexpected costs, charges or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.

Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life sciences and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.

The MIL Network –

April 1, 2025
MIL-OSI: LPL Financial Announces Proposed $1.5 Billion Common Stock Offering

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced that it has commenced an underwritten public offering of $1.5 billion of its common stock.

Morgan Stanley & Co. LLC is acting as sole active book-running manager. LPL also intends to grant the underwriters a 30-day option to purchase up to an additional $225.0 million of its common stock.

LPL intends to use the net proceeds of this offering to fund a portion of the cash consideration payable in connection with its previously announced proposed acquisition of Commonwealth Financial Network (the “Transaction”) and, to the extent that any proceeds remain thereafter, or if the Transaction is not completed, for general corporate purposes. In addition to the net proceeds from this offering, LPL expects to use available cash and other borrowings to fund the purchase price for the Transaction.

The securities described above are being offered by LPL pursuant to a shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”), which became effective on March 25, 2025. The offering will be made only by means of a written prospectus and prospectus supplement. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may also be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or email: prospectus@morganstanley.com.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of the common stock or any other security of LPL, nor shall there be any sale of the common stock in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 Financial Advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that Advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.

Securities and advisory services offered through LPL Financial LLC, a registered investment advisor and broker-dealer, member FINRA/SIPC.

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

Forward-Looking Statements
Certain of the statements included in this release, such as those regarding the timing, size and completion of the offering and the anticipated use of proceeds therefrom, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Applicable risks and uncertainties include those related to market conditions and satisfaction of customary closing conditions related to the proposed public offering. There can be no assurance that we will be able to complete the public offering on the anticipated terms, or at all. Certain additional important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements can be found in the “Risk Factors” section included in LPL Financial’s most recent Annual Report on Form 10-K. Except as required by law, LPL Financial does not undertake to update any particular forward-looking statement included in this document as a result of developments occurring after the date of this press release, except as may be required by applicable law.

Contacts

LPL Media Relations
media.relations@lplfinancial.com

LPL Investor Relations
investor.relations@lplfinancial.com

The MIL Network –

April 1, 2025

MIL-OSI: LM Funding America, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

– Fourth quarter and full-year 2024 total revenue of $2.0 million and $11.0 million, respectively.
– Fourth quarter and full-year 2024 CORE EBITDA of $3.3 million and $3.9 million, respectively.
– Held 165.8 Bitcoin on February 28, 2025 valued at approximately $14.4 million, as of March 26, 2025

TAMPA, Fla., March 31, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today reported financial results for the three months and full year ended December 31, 2024.

Q4’24 Financial Highlights
All variances are compared with prior year unless stated otherwise:

Mined 21.7 Bitcoin at an average price of approximately $83,000, generating total revenue of approximately $2.0 million. The year-over-year decrease in revenue primarily reflects the effects of the April 2024 Bitcoin Halving event and the transition of miners from storage into the new Oklahoma mining site.
Net income attributable to LM Funding shareholders was approximately $2.0 million compared with a net loss of approximately $1.6 million. The improvement in the net income was primarily driven by the new ASU Bitcoin standards that require mark-to-market valuation adjustment for our Bitcoin holdings.
Core EBITDA was approximately $3.3 million compared with $0.3 million¹. The improvements in Core EBITDA were primarily due to gains on the fair value of Bitcoin in addition to lower digital mining costs and reduced compensation.
At year end, cash was approximately $3.4 million. Digital assets were $14.0 million based on 150.2 Bitcoin held at a price of approximately $93,000 as of December 31, 2024.
Net book value of equity was approximately $35.3 million as of December 31, 2024 or $7.21 per share².
As of February 28, 2025, held 165.8 Bitcoin valued at approximately $14.4 million as of March 26, 2025 (based on Bitcoin price of approximately $87,000) or Bitcoin per share of $2.81³.

________________________
_{¹ Core EBITDA is a non-GAAP financial measure, and a reconciliation of Core EBITDA to net income can be found below.}
_{²^,3 Based on shares outstanding of 5,133,412 as of December 31, 2024.}

Q4’24 Operational Highlights

15 MW site acquisition: The Company further executed its transition from an infrastructure-light strategy, mining at hosted facilities, to a fully vertically integrated strategy with low-cost electricity underpinning its operations. In addition to the low-cost energy, the strategy allows controlled uptime, which LM Funding believes will lead to more efficient mining and higher margins.
Mining fleet upgrade: In Q1 2025, the Company partnered with Luxor Technology Corporation to install their proprietary LuxOS firmware on its existing fleet, which could potentially boost the Company’s mining efficiency by 10-15%. This upgrade allows LM Funding to mine Bitcoin at a higher profitability without any additional capex investment.

CEO Commentary

Bruce Rodgers, Chairman and CEO of LM Funding, commented, “Using the halving as our pivot point of opportunity, we transitioned from an infrastructure-light hosted mining strategy to a vertically integrated model—one where we manage the infrastructure ourselves, ensuring better margins and mitigating risks associated with third-party hosting arrangements. With our Oklahoma facility, we secured low-cost power for our miners and now we own and totally control our mining infrastructure and costs. This vertical integration significantly reduces our fleet-wide energy costs and improves our operations for enhanced uptime and mining efficiency. Looking forward, our strong balance sheet and lean operations position us to grow our mining revenue by seeking to acquire new mining sites with similar size, prices, and terms.”

CFO Commentary

Richard Russell, CFO of LM Funding, stated, “Throughout our expansion last year, we remained disciplined in our spending. By actively maintaining a low-cost structure – from power sourcing and infrastructure investments to staffing and equipment – we were able to successfully navigate a challenging year for the industry and our first Bitcoin Halving event, which occurred in April 2024. This strategic cost control enabled us to achieve profitability in 2024 on a Core EBITDA basis, as well as grow our Bitcoin treasury, which is a significant piece of our long-term strategy. By retaining a portion of our Bitcoin mined, we not only capture potential upside for shareholders but also deepen our alignment with the broader Bitcoin industry.”

Full Year 2024 Financial Highlights
All variances are compared with prior year unless stated otherwise:

Mined 170.6 Bitcoin at an average price of approximately $61,000, generating total revenue of approximately $11.0 million. The year-over-year decrease in revenue primarily reflects the effects of the April 2024 Bitcoin halving event.
Net loss attributable to LM Funding shareholders for the year ended December 31, 2024, was approximately $7.3 million compared with a net loss of approximately $15.9 million in 2023.
Core EBITDA income for the twelve months ended December 31, 2024 was approximately $3.9 million, compared with a Core EBITDA loss of $0.2 million in 2023. The improvements in Core EBITDA were primarily due to gains on the fair value of Bitcoin in addition to lower digital mining costs and reduced compensation.

Investor Conference Call

LM Funding will host a conference call today, March 31, 2025, at 8:00 A.M. Eastern Time to discuss the Company’s financial results for the quarter and full year ended December 31, 2024, as well as the Company’s corporate progress and other developments. A copy of this earnings release and investor presentation are available on the Company’s Investor Relations website at https://www.lmfunding.com/investors.

Conference Call Details

Date: March 31, 2025
Time: 8:00 AM EST
Participant Call Links:
- Live Webcast: Link
- Participant Call Registration: Link

About LM Funding America

LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

For investor and media inquiries, please contact:

Investor Relations
Orange Group
Yujia Zhai
lmfundingIR@orangegroupadvisors.com


LM Funding America, Inc. and Subsidiaries Consolidated Balance Sheets (unaudited)

	December 31,			December 31,
		2024			2023

Assets
Cash	$	3,378,152		$	2,401,831
Digital assets – current (Note 4)		9,021,927			3,416,256
Finance receivables		21,051			19,221
Marketable securities (Note 7)		27,050			17,860
Receivable from sale of Symbiont assets (Note 7)		200,000			200,000
Prepaid expenses and other assets		827,237			4,067,212
Income tax receivable		31,187			31,187
Current assets		13,506,604			10,153,567

Fixed assets, net (Note 5)		18,376,948			24,519,610
Intangible assets, net (Note 5)		5,478,958			–
Deposits on mining equipment (Note 6)		467,172			20,837
Notes receivable from Seastar Medical Holding Corporation (Note 7)		–			1,440,498
Long-term investments – equity securities (Note 7)		4,255			156,992
Investment in Seastar Medical Holding Corporation (Note 7)		200,790			1,145,486
Digital assets – long-term (Note 4)		5,000,000			–
Operating lease – right of use assets (Note 9)		938,641			189,009
Other assets		73,857			86,798
Long-term assets		30,540,621			27,559,230
Total assets	$	44,047,225		$	37,712,797

Liabilities and stockholders’ equity
Accounts payable and accrued expenses		989,563			2,064,909
Note payable – short-term (Note 8)		386,312			567,586
Due to related parties (Note 11)		15,944			22,845
Current portion of lease liability (Note 9)		170,967			110,384
Total current liabilities		1,562,786			2,765,724

Note payable – long-term (Note 8)		6,365,345			–
Lease liability – net of current portion (Note 9)		776,535			85,775
Long-term liabilities		7,141,880			85,775
Total liabilities		8,704,666			2,851,499

Stockholders’ equity (Note 12)
Preferred stock, par value $.001; 150,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and December 31, 2023		–			–
Common stock, par value $.001; 350,000,000 shares authorized; 5,133,412 shares issued and outstanding as of December 31, 2024 and 2,492,964 as of December 31, 2023		4,602			2,493
Additional paid-in capital		102,685,470			95,145,376
Accumulated deficit		(65,662,731	)		(58,961,461	)
Total LM Funding America stockholders’ equity		37,027,341			36,186,408
Non-controlling interest		(1,684,782	)		(1,325,110	)
Total stockholders’ equity		35,342,559			34,861,298
Total liabilities and stockholders’ equity	$	44,047,225		$	37,712,797

LM Funding America, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited)

	Three Months Ended December 31,						Years Ended December 31,
		2024			2023			2024			2023
Revenues:
Digital mining revenues	$	1,814,169		$	3,946,485		$	10,432,605		$	12,289,131
Specialty finance revenue		140,377			75,901			443,599			550,445
Rental revenue		30,678			33,028			123,444			144,514
Total revenues		1,985,224			4,055,414			10,999,648			12,984,090
Operating costs and expenses:
Digital mining cost of revenues (exclusive of depreciation and amortization shown below)		1,248,083			2,668,770			6,990,856			9,406,940
Staff costs and payroll		907,883			1,121,796			4,556,781			5,858,736
Depreciation and amortization		658,757			1,495,614			7,774,161			4,983,480
Gain on fair value of Bitcoin, net		(4,254,031	)		(383,497	)		(7,350,805	)		–
Impairment loss on mining equipment		191,317			261,191			1,379,375			–
Impairment loss on mined digital assets		–			280,278			–			965,967
Realized gain on sale of mined digital assets		–			(999,717	)		–			(2,070,508	)
Professional fees		434,251			634,535			2,057,165			1,863,038
Selling, general and administrative		234,366			168,632			817,041			851,806
Real estate management and disposal		70,483			19,105			159,913			146,716
Collection costs		4,647			12,342			41,043			29,875
Settlement costs with associations		–			–			–			10,000
Loss on disposal of assets		81,594			9,389			136,100			9,389
Other operating costs		232,168			542,105			899,569			999,959
Total operating costs and expenses		(190,482	)		5,830,543			17,461,199			23,055,398
Operating income (loss)		2,175,706			(1,775,129	)		(6,461,551	)		(10,071,308	)
Unrealized gain on marketable securities		8,206			7,134			9,190			13,570
Impairment loss on prepaid machine deposits		–			–			(12,941	)		(36,691	)
Impairment loss on prepaid hosting deposits		–			(184,236	)		–			(184,236	)
Unrealized loss on investment and equity securities		(244,809	)		546,563			(1,097,433	)		(9,771,050	)
Impairment loss on Symbiont assets		–			–			–			(750,678	)
Gain on fair value of purchased Bitcoin, net		(18,729	)		–			39,197			–
Credit loss on Seastar note receivable		–			22,344			–			–
Realized gain on securities		–			2,632			–			4,420
Realized gain on sale of purchased digital assets		–			–			–			1,917
Gain on adjustment of note receivable allowance		–			–			–			1,052,542
Other income – coupon sales		–			–			4,490			639,472
Other income – financing revenue		–			–			–			37,660
Interest expense		(211,946	)		–			(443,700	)		–
Interest income		182,620			38,705			307,316			249,586
Income (loss) before income taxes		1,891,048			(1,341,987	)		(7,655,432	)		(18,814,796	)
Income tax expense		–			(60,571	)		–			(60,571	)
Net income (loss)	$	1,891,048		$	(1,402,558	)	$	(7,655,432	)	$	(18,875,367	)
Less: loss attributable to non-controlling interest		74,760			(189,208	)		340,056			2,931,113
Net income (loss) attributable to LM Funding America Inc.	$	1,965,808		$	(1,591,766	)	$	(7,315,376	)	$	(15,944,254	)
Less: deemed dividends (Note 12)		(5,090,619	)		–			(6,794,924	)		–
Net loss attributable to common shareholders	$	(3,124,811	)	$	(1,591,766	)	$	(14,110,300	)	$	(15,944,254	)

Basic loss per common share (Note 1)	$	(0.86	)	$	(0.67	)	$	(5.02	)	$	(6.98	)
Diluted loss per common share (Note 1)	$	(0.86	)	$	(0.67	)	$	(5.02	)	$	(6.98	)

Weighted average number of common shares outstanding
Basic		3,650,624			2,362,964			2,808,064			2,283,836
Diluted		3,650,624			2,362,964			2,808,064			2,283,836

LM Funding America, Inc. and Subsidiaries Consolidated Statements of Cash Flows (unaudited)

	Years Ended December 31,
		2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(7,655,432	)	$	(18,875,367	)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization		7,774,161			4,983,480
Noncash lease expense		109,842			98,536
Amortization of debt issue costs		35,435			–
Stock compensation		76,322			1,095,705
Stock option expense		443,220			1,843,731
Professional fees paid in common shares		100,001			–
Accrued investment income		(197,104	)		(159,692	)
Digital assets other income		(4,490	)		–
Gain on fair value of Bitcoin, net		(7,390,002	)		–
Impairment loss on mining machines		1,379,375			–
Impairment loss on digital assets		–			965,967
Impairment loss on mining machine deposits		12,941			36,691
Impairment loss on hosting deposits		–			184,236
Impairment loss on Symbiont assets		–			750,678
Unrealized gain on marketable securities		(9,190	)		(13,570	)
Realized gain on securities		–			(4,420	)
Unrealized loss on investment and equity securities		1,097,433			9,771,050
Loss on disposal of fixed assets		136,100			9,389
Allowance for loss on debt security		–			–
Proceeds from securities		–			744,036
Realized gain on sale of digital assets		–			(2,072,425	)
Reversal of allowance loss on debt security		–			(1,052,542	)
Investments in marketable securities		–			(739,616	)
Change in operating assets and liabilities:
Prepaid expenses and other assets		3,781,133			189,407
Hosting deposits		(12,941	)		(36,691	)
Repayments to related party		(6,901	)		(52,643	)
Accounts payable and accrued expenses		(1,075,346	)		177,478
Mining of digital assets		(10,432,605	)		(12,289,131	)
Proceeds from sale of digital assets		—			10,874,701
Lease liability payments		(108,131	)		(95,948	)
Income tax receivable		—			262,279
Net cash used in operating activities		(11,946,179	)		(3,404,681	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net collections of finance receivables – original product		1,059			(6,428	)
Net collections of finance receivables – special product		(2,889	)		14,009
Capital expenditures		(1,732,472	)		(1,625,284	)
Proceeds from sale of fixed assets		78,806			–
Acquisition of Tech Infrastructure JV I LLC assets		(3,642,870	)		–
Investment in note receivable		(3,587,195	)		(125,000	)
Collection of note receivable		–			2,651,943
Collection of note receivable – related party		1,449,066			–
Investment in digital assets		(485,500	)		(35,157	)
Proceeds from sale of digital assets		8,309,104			27,815
Proceeds from the sale of tether		11,928			–
Symbiont asset acquisition		–			1,800,000
Financing activities for Symbiont asset acquisition		–			(402,361	)
Distribution to members		(19,616	)		–
Net cash provided by investing activities		379,421			2,299,537
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings		6,329,910			–
Insurance financing repayments		(709,491	)		(624,481	)
Exercise of warrants		4,748,971
Exercise of options		25,000			–
Proceeds from equity offering		2,148,689			–
Issue costs for the issuance of common stock		—			(106,550	)
Net cash provided by (used in) financing activities		12,543,079			(731,031	)
NET INCREASE (DECREASE) IN CASH	$	976,321		$	(1,836,175	)
CASH – BEGINNING OF PERIOD		2,401,831			4,238,006
CASH – END OF PERIOD	$	3,378,152		$	2,401,831

NON-GAAP CORE EBITDA RECONCILIATION

Our reported results are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We also disclose Earnings before Interest, Tax, Depreciation and Amortization (“EBITDA”) and Core Earnings before Interest, Tax, Depreciation and Amortization (“Core EBITDA”) which adjusts for unrealized loss on investment and equity securities, impairment loss on mined digital assets, impairment of long-lived assets, impairment of prepaid hosting deposits, contract termination costs and stock compensation expense and option expense, all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of Bitcoin miners.

The following tables reconcile net loss, which we believe is the most comparable GAAP measure, to EBITDA and Core EBITDA:


	Three Months Ended December 31,					Years Ended December 31,
		2024		2023			2024			2023

Net loss	$	1,891,048	$	(1,402,558	)	$	(7,655,432	)	$	(18,875,367	)
Income tax expense		–		60,571			–			60,571
Interest expense		211,946		–			443,700			–
Depreciation and amortization		658,757		1,495,614			7,774,161			4,983,480
Income (loss) before interest, taxes & depreciation	$	2,761,751	$	153,627		$	562,429		$	(13,831,316	)
Unrealized loss on investment and equity securities		244,809		(546,563	)		1,097,433			9,771,050
Gain on adjustment of note receivable allowance		–		–			–			(1,052,542	)
Impairment loss on mined digital assets		–		143,317			–			965,967
Impairment loss on prepaid machine deposits		12,941		–			12,941			36,691
Impairment loss on prepaid hosting deposits		–		184,236			–			184,236
Costs associated with At-the-Market Equity program		–		–			119,050			–
Contract termination costs		–		–			250,001			–
Impairment loss on Symbiont assets		–		–			–			750,678
Impairment loss on mining equipment		191,317		–			1,379,375			–
Stock compensation and option expense		110,805		410,584			519,542			2,939,436
Core income (loss) before interest, taxes & depreciation	$	3,321,623	$	345,201		$	3,940,771		$	(235,800	)

The MIL Network –

April 1, 2025

MIL-OSI: Pando Recognized as a Visionary in 2025 Gartner Magic Quadrant for Transportation Management Systems
Source: GlobeNewswire (MIL-OSI)

CHICAGO, March 31, 2025 (GLOBE NEWSWIRE) — Pando, the leading supply chain AI company, has been recognized by Gartner as a Visionary in the 2025 Magic Quadrant for Transportation Management Systems.

Pando’s AI Agents replace staff and software at Fortune 500 manufacturers, distributors, and retailers worldwide, automating work done by logistics teams to deliver products globally. Powered by its proprietary Logistics Language Model^®, Pando’s suite of AI Agents have been deployed globally to free teams from the manual drudgery of managing bids, shipments, and invoices and empowering them to focus on strategic work. Pando is empowering enterprises to tackle the challenges in the $10 trillion global freight economy and take strategic control with AI agents, eliminating outsourcing costs, optimizing the technology landscape, and redefining talent strategy.

“Global logistics teams are under pressure, navigating the complexities of tariffs and geopolitical tensions, and their impact on logistics operations,” said Nitin Jayakrishnan, CEO and co-founder of Pando. “Logistics teams are spending more than 80% of their time on manual tasks outside of systems, making hundreds of micro-decisions daily, while coordinating with carriers, suppliers, and customers to execute operations efficiently. Pando’s vision is to free logistics teams from constant routine tasks by leveraging AI agents as extended team members. These agents automate workflows, enabling teams to shift operational burdens to become strategic partners who drive business growth. We believe Pando’s recognition as a Visionary is a testament to our vision of unifying talent and AI strategy, where AI agents seamlessly drive collaboration, decision-making, and execution autonomously.”

Gartner defines Visionaries as companies that “seek to deliver a unique or differentiated approach to the market. They may be considered thought leaders and tend to be on the leading edge of emerging concepts and technologies.”

Pando’s innovative approach to transportation management includes:
- AI-first Offering: Pando sets itself apart by investing in R&D, with a strong focus on AI-driven innovation. By leveraging agentic AI, Pando enables more autonomous workflows and smarter decision-making, driving greater efficiency and intelligence across logistics operations.
- Customer-centric solutions: Designed for global manufacturers and retailers, Pando offers industry-specific solutions seamlessly integrating with existing enterprise systems, onboarding AI agents aligned to the organization’s supply chain knowledge graph, and automating decisions, actions, and collaboration across logistics processes.
- Quick Time to Value: Pando’s value-driven approach ensures there is a quantifiable return on investment (ROI) for every AI agent onboarded, delivering immediate business impact with accelerated time to value.
Pando supports customers across various industries, including consumer products, retail, automotive, chemicals, and pharmaceuticals, in Asia and North America.

To access a complimentary copy of the report 2025 Gartner Magic Quadrant for Transportation Management Systems, please visit 2025 Gartner Magic Quadrant for Transportation Management Systems.

Gartner, “Magic Quadrant for Transportation Management Systems,” Brock Johns, Oscar Sanchez Duran, Carly West, Manav Jain, 27 March 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Pando
Pando is a global leader in AI-powered logistics technology and offers AI agents for logistics, enabling manufacturers, distributors, and retailers to automate their logistics operations to build agility, control freight spend, and reduce carbon footprint. Trusted by Fortune 500 enterprises with global customers across North America, Europe, and Asia Pacific regions, Pando is pioneering the future of autonomous logistics with cutting-edge AI capabilities.

Pando is recognized by World Economic Forum (WEF) as a Technology Pioneer, by G2 as a Market Leader in Freight Management, and named one of the fastest-growing technology companies by Deloitte. For more information, visit www.pando.ai.

Media Contact
Courtney Meints
Skyya PR for Pando
pando@skyya.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/316bdce2-0aa8-426d-9fba-b9125043a2c1

The MIL Network –
April 1, 2025
MIL-OSI: GlobePool Introduces AI-Driven Bitcoin Cloud Mining Platform for Users,$15 welcome bonus for new user

Source: GlobeNewswire (MIL-OSI)

Miami, FL, March 31, 2025 (GLOBE NEWSWIRE) — GlobePool is a reliable crypto mining platform that is transforming the industry with its AI-powered mining options for both beginners and experts. GlobePool simplifies the process with an innovative AI technology that optimizes the efficiency of mining, maximizes returns, and reduces operating complexity. Regular cryptocurrency mining comes with significant equipment and power investments, which render it out of reach for the masses. GlobePool reduces such barriers by offering cloud-based artificial intelligence-automated mining.

Running on 100+ decentralized nodes worldwide, this platform applies sophisticated AI algorithms to scan blockchain data, energy prices, and hardware efficiency in real-time, automatically redirecting investors’ hashrate to the most profitable opportunities.

“We are committed to GlobePool to make cryptocurrency mining available to all and make it available in readiness,” a GlobePool representative said. “Smart mining with AI offers users maximum returns with the least frustration from technical adjustment or fluctuating market prices.”

Earning Potential with GlobePool:

With the attractive offers provided by this platform, users can earn passive income in various ways. One of the most popular schemes, Bitmain ALPH Miner AL1, for example, gives daily rewards of $2.50 with a principal rebate and pays a contract value of $100 with a one-day term. Depending on their financial objectives, users can employ either short-term or long-term mining tactics thanks to this accommodating mechanism.

Recommended Plan: (Best Profit in Short Time)

Plan: Bitcoin Miner S21 XP+ Hyd (500 TH/s)

Investment: $100,000

Contract Duration: 2 Days

Daily Rewards: $8,100.00

Total Earnings: $16,200.00

Getting Started With the Most Reliable AI-Driven Global Mining Platform

GlobePool was developed with the convenience of the user in mind and features a hassle-free three-step process to become active:

Sign Up & Start for Free – Users can sign up in under a minute and immediately access GlobePool’s mining network without the need for specialized equipment.

Choose a Mining Plan – With various cryptocurrency mining plans, users can select the most suitable one for their requirements. The AI distributes mining resources to the most profitable pools automatically.

Monitor & Withdraw Earnings – Real-time analytics through a live dashboard provides instant insights into mining performance, and withdrawals are immediate with no fees.

Join the Crypto Mining Affiliate Program

GlobePool has introduced a unique Crypto Mining Affiliate Program to increase its visibility even more. By referring new members, users can earn money. Affiliates can promote GlobePool’s advanced mining services and earn handsome payments for each successful invite. The program is a great way for influencers, cryptocurrency enthusiasts, and internet marketers to make money off of their following because there is no cap on the potential incentives.

The Future of Cryptocurrency Mining with GlobePool

As the cryptocurrency market continues to evolve, GlobePool is leading the way with its constant development of AI algorithms and the growth of the mining infrastructure. By bringing crypto mining into the mainstream, making it efficient and profitable, GlobePool is empowering users globally to access the digital economy.

The spokesperson said that the “GlobePool is committed to providing the best-in-class mining solutions that drive financial empowerment and technological innovation”, as crypto mining tends to be a basic constituent of the crypto ecosystem.

Frequently Asked Questions (FAQs)

Are there any fees associated with GlobePool’s mining contracts?

GlobePool’s mining contracts are clear-cut, with the contract price covering all associated costs and there are no hidden fees, and the initial investment is typically refunded at the end of the contract term, as stated in each plan.

What Cryptocurrencies Can I Mine with GlobePool?

GlobePool supports mining for various cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), and other popular digital assets.

Can I invest my profits in new mining contracts?

Yes, the users are able to reinvest their profits in new mining contracts on GlobePool. This tactic provides for compounding growth of your investment, potentially growing total returns.

How is the security of my investment and personal information ensured by GlobePool?

GlobePool employs cutting-edge security features, like encryption algorithms and two-factor authentication (2FA), to protect users’ personal info and money. The platform’s AI-driven mining operations are optimized for profitability while ensuring the safety of all transactions.

About GlobePool

GlobePool is one of the emerging cryptocurrency mining platforms that leverages AI-powered technology to provide optimized mining solutions to users around the world. GlobePool prioritizes efficiency, security, and profitability while making the process of mining easier and enabling users to get the maximum revenue without the complexity of normal mining operations.

To know more, visit GlobePool’s official website.

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. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The MIL Network –

April 1, 2025

MIL-OSI: RYVYL Reports Q4 2024 and Full Year 2024 Financial Results and Provides a Business Update

Source: GlobeNewswire (MIL-OSI)

– Reiterates 2025 guidance of $80 million to $90 million in revenue and mid-40s percentage gross margin –

SAN DIEGO, CA, March 31, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology for the diverse international markets, reported its financial results for the quarter and year ended December 31, 2024.

RYVYL Co-founder and CEO Fredi Nisan issued the following business update for investors.

“We made significant progress in 2024 as our U.S. operations stabilized over the past several quarters, while our International segment maintained a strong growth trajectory. International revenue for 2024 reached $37.8 million, representing a remarkable 124% increase compared to 2023. With momentum building in both the U.S. and international markets, we are actively onboarding new clients across multiple jurisdictions, further strengthening our market presence and positioning us for a high-growth year in 2025.

Our global pipeline is robust, and we are rapidly gaining traction with our Payments-as-a-Service offering from RYVYL EU. We are strategically positioned to capitalize on substantial opportunities as we continue to expand our market reach.

“We are building on our core competitive strengths and foundation, and I’m excited to offer a summary of our progress and reiterate our 2025 guidance of $80 million to $90 million in revenue and mid-40s percentage gross margin.

Business Overview and Competitive Position

Our competitive strengths, unique value proposition, and strategic focus are what truly set us apart in the fintech space. We’re especially optimistic about our position in the market, as the global shift toward credit cards, mobile wallets, and real-time payment platforms continues to accelerate. Our solutions are purpose-built for this evolution, leveraging our longstanding investment in proprietary payment and banking technologies to stay ahead of the curve.

As fintech innovators are rapidly disrupting the landscape with agile, cost-effective models, RYVYL is strongly positioned to lead the way. We are nimble, innovative, and well-prepared to capitalize on this favorable environment, driving forward as a leader in the next era of digital payments.

We are committed to continuously evolving our product portfolio to anticipate and meet the ever-changing needs of businesses worldwide. At the heart of this effort is the enhancement of our dual-sided payment platform, which seamlessly supports both acquiring and disbursement services. This platform is purpose-built to accommodate emerging use cases in acquiring, disbursements, and embedded finance, delivering comprehensive, end-to-end financial solutions that empower our clients to stay ahead in a dynamic market.

Technological innovation is transforming how consumers engage with their finances as multiple payment rails converge to offer greater flexibility and choice. RYVYL is at the forefront of this evolution with our next-generation payment technology. By integrating various payment systems and methods into a single, cohesive digital platform, we empower consumers and businesses to access multiple options—such as bank transfers, mobile payments, digital wallets, and more—all in one place. This innovative approach allows users to select the payment method that best meets their needs at any given moment, positioning RYVYL as a pioneer in the rapidly evolving financial landscape.

We target high-margin segments, focusing on merchants and retail clients who are often overlooked by traditional processors or left out of the existing financial ecosystem. Currently, we serve nearly 1,500 business customers across 50 industries, leveraging a diversified foundation to establish ourselves as a global innovator in payment and banking solutions. By offering advanced banking and payment technologies, we’re able to capture 40% gross margins in these high-potential areas. With new offerings like Payments-as-a-Service (PaaS) on the horizon and greater operational efficiencies through scale, we are well-positioned to continue driving margin expansion.

Our value proposition is distinct and forward-thinking. We deliver comprehensive banking and processing solutions that emphasize transparency, speed, and tailored processing capabilities designed for specific industries. Our customized, turnkey solutions are powered by cutting-edge technologies, such as AI, that set us apart. We leverage these advanced capabilities and tools to streamline operations, reduce errors, and enhance scalability, while AI-driven insights optimize decision-making and efficiency, creating a transformative approach to financial services.

Compliance and onboarding agility are fundamental to our business model—serving as key competitive advantages in this rapidly evolving landscape. As regulatory scrutiny and antitrust initiatives reshape the payment ecosystem, legacy networks are being challenged, creating new opportunities for innovative players. While real-time systems like FedNow are making strides, credit cards still dominate, and adoption remains gradual. Meanwhile, advancements in AI are transforming fraud prevention, transaction security, and seamless banking integration. RYVYL is strategically positioned to navigate and capitalize on these changes, leveraging our expertise to stay ahead in this dynamic environment.

We’re driven by our momentum and confident in our path forward. Recent wins, increased pipeline visibility, and an expanding presence across verticals are propelling us to new heights. We’re diversifying revenue streams and building stronger client relationships, positioning ourselves to meet the complex and evolving needs of our customers. Market demand remains robust, and we’re well-prepared to capitalize on opportunities, further solidifying our position as a frontrunner in the sector.

Q4 2024 and Recent Highlights

During Q4 and recently, we:

Completed two European software integrations in October, with these two European partners launching on the new platforms.
Expanded our global reach by launching Visa Direct services in more geographies, increasing our footprint to a total of 16 countries.
Launched co-branded debit cards in the EU.
Went live with our next-generation Charge Savvy (POS).
Implemented NEMS Core payments in the U.S.

Balance Sheet Restructuring

We completed key steps in our strategy to improve our capital structure, greatly reducing potential dilution and positioning us for profitable growth supported by increased financial flexibility.

In January 2025, we:

Executed a Preferred Stock Repurchase and Note Repayment Agreement and paid the initial tranche of $13.0 million to a securityholder that:
- Redeemed of all shares of the Company’s Series B Convertible Preferred Stock for which the liquidation value was $53.1 million; and
- Partially repaid an 8% Senior Convertible Note, reducing the outstanding principal from $18.3 million to $4.0 million, which is due on or before April 30, 2025.
Entered into an agreement with a financing source for $15.0 million to fund the Preferred Stock Repurchase and Note Repayment Agreement transaction that was structured as a pre-funded asset sale with a 90-day closing period, which ends on April 23, 2025 and may be extended an additional 30 days to May 23, 2025, if the Company pays $500,000 for such extension. Shares in the Company’s RYVYL EU subsidiary were placed in escrow during the closing period. Although there are no guarantees, the Company intends to terminate the asset sale within the closing period by paying $16.5 million in consideration of such termination.

We are pursuing a range of funding alternatives to raise capital to terminate the asset sale and anticipate completing this step in our financial strategy to further deleverage the balance sheet in Q2 2025. The Company has recently filed an S-1 registration statement to raise up to $24 million, including the overallotment, and intends to explore all fundraising options, including term debt, equity or some combination to fund the termination payment of $16.5 million.

Payments-as-a-Service (PaaS)

In March 2025, RYVYL EU landed two new Payments-as-a-Service (PaaS) contracts, which are anticipated to bring in close to one million new customer accounts over the next year. These partnerships mark a major step forward in expanding our presence across Europe and boosting our long-term growth potential. These partnerships are a strong endorsement of our ability to support fast-growing financial platforms and assist with their international growth. Our advanced payment technology enables quick and compliant onboarding, paired with the scalability today’s digital banks demand.

The first contract is with a prominent global money service provider and includes the provision of both virtual and physical payment cards through RYVYL’s platform and mobile application. So far, 1,000 accounts have already been activated, and an additional 50,000 are expected to follow in 2025.
The second agreement, with one of the world’s largest fully digital banks, is expected to add 900,000 new customer accounts within 12 months, beginning in Q2 2025. API integrations and system testing are already underway, with the onboarding phase set to launch in the near future.

“We are poised for a strong growth year in 2025, with multiple initiative underway to leverage our technology and well-established customer infrastructure and market reputation, and I look forward to updating you on our progress,” concluded Nisan.

Financial Summary for the Fourth Quarter Ended December 31, 2024

Revenue: Fourth quarter 2024 revenue totaled $14.1 million, driven largely by $11.4 million from RYVYL EU. This compares to $22.2 million in revenue during the same period in 2023, of which $5.6 million was generated by RYVYL EU.
Processing Volume: In the fourth quarter of 2024, processing volume rose 38.7% to $1.3 billion, compared to $0.9 billion in the fourth quarter of 2023. International operations accounted for $1.1 billion of the fourth quarter volume, a significant increase from the $591 million volume in the fourth quarter of 2023, fueled by strong growth across multiple verticals, particularly through our Independent Sales Organizations (“ISO”) and partnership network, as well as expanded offerings in global payments processing and banking-as-a-service. In North America, processing volume totaled $176 million, down from $356 million in the fourth quarter of 2023.
Cost of Revenue: Cost of revenue was $8.7 million in the fourth quarter of 2024, down from $14.5 million in the fourth quarter of 2023. This decrease was primarily due to reduced processing activity in North America, partially offset by higher processing volumes in the International segment.
Gross Margin: Gross margin for the fourth quarter of 2024 was 38.2%, up from 35.0% in the fourth quarter of 2023, reflecting higher margin product mix.
Operating Expenses: Operating expenses for the fourth quarter of 2024 were $11.4 million, compared to $10.6 million in the fourth quarter of 2023. This increase was primarily driven by a $3.0 million impairment charge in the fourth quarter of 2024 against intangible assets held in North America, partially offset by lower other operating expenses compared to the fourth quarter 2023.
Other Expense, net: Other expense, net, decreased 97% to $0.9 million in the fourth quarter of 2024, down from $27.0 million in the fourth quarter of 2023. The net decrease was primarily driven by the multiple restructurings of the Company’s convertible note during the fourth of 2023, with no comparable activity during the fourth quarter of 2024.
Adjusted EBITDA: Adjusted EBITDA for the fourth quarter of 2024 was negative $1.7 million, compared to a positive $0.1 million in the fourth quarter of 2023.

Financial Summary Full Year Ended December 31, 2024

Revenue: 2024 revenue was $56.0 million, driven largely by $37.8 million from RYVYL EU. This compares to $65.9 million during the same period in 2023, of which $16.9 million was generated by RYVYL EU.
Cost of Revenue: Cost of revenue was $33.6 million, down $6.6 million, from $40.2 million during 2023, primarily due to reduced processing activity in North America, partially offset by higher processing volumes in the International segment.
Gross Margin: Gross margin was 40.0%, up from 39.0% in 2023.
Operating Expenses: 2024 operating expenses were $43.3 million compared to $38.0 million in 2023, due primarily to impairment charges recorded during 2024 of $6.7 million and $3.0 million for goodwill and intangible assets held in North America, respectively, with no comparable charges in 2023, partially offset by lower research and development expenses and professional fees.
Other Expense, net: Other expense, net, decreased to $4.8 million in 2024, down from $40.5 million in 2023. This decrease was mainly driven by a $28.8 million net decrease in other expenses associated with the Company’s multiple restructurings of its convertible note during 2023 with no comparable restructurings during 2024.
Adjusted EBITDA: Adjusted EBITDA for 2024 was a loss of $5.7 million, compared to a loss of $3.9 million in 2023.
Cash Balances: Cash and restricted cash as of December 31, 2024, was $92.0 million, with $89.4 million being restricted cash.

The foregoing guidance is based on the Company’s continuation of the business, as currently conducted. On January 24, 2025, the Company entered into an agreement with a financing source that was structured as a pre-funded asset sale with a 90-day closing period, which ends on April 23, 2025 and may be extended an additional 30 days to May 23, 2025, if the Company pays $500,000 for such extension. Shares in the Company’s RYVYL EU subsidiary were placed in escrow during the closing period. Although there are no guarantees, the Company intends to terminate the asset sale within the closing period by paying $16.5 million in consideration of such termination. The Company’s financial guidance for 2025 is based on fully retaining its RYVYL EU subsidiary.

About RYVYL

RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com

Cautionary Note Regarding Forward-Looking Statements

This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding anticipated revenues and margins, timely payment of the second tranche, the benefit to stockholders from the repayment of the Note and repurchase of the Preferred Stock, and the timing and expectation of revenues from the license described herein and are charactered by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, including the risk that the licensee understands and complies with various banking laws and regulations that may impact the licensee’s ability to process transactions. For example, federal money laundering statutes and Bank Secrecy Act regulations discourage financial institutions from working with operators of certain industries – particularly industries with heightened cash reporting obligations and restrictions – as a result of which, banks may refuse to process certain payments and/or require onerous reporting obligations by payment processors to avoid compliance risk. These statements are also subject to any damages the Company could suffer as the result of previously announced litigation or actions of any governmental agencies. These and other risk factors affecting the Company are discussed in detail in the Company’s periodic filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether because of the latest information, future events or otherwise, except to the extent required by applicable laws.

IR Contact:
David Barnard, Alliance Advisors Investor Relations, 415-433-3777, ryvylinvestor@allianceadvisors.com

RYVYL INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)

	December 31,
	2024			2023
ASSETS
Current Assets:
Cash	$	2,599		$	12,180
Restricted cash		89,432			61,138
Accounts receivable, net of allowance for credit losses of $206 and $23, respectively		1,076			859
Cash due from gateways, net of allowance of $89 and $2,636, respectively		88			12,834
Prepaid and other current assets		2,189			2,854
Total current assets		95,384			89,865

Non-current Assets:
Property and equipment, net		165			306
Goodwill		18,856			26,753
Intangible assets, net		1,802			5,059
Operating lease right-of-use assets, net		3,425			4,279
Other assets		2,644			2,403
Total non-current assets		26,892			38,800
Total assets	$	122,276		$	128,665

LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)

Current Liabilities:
Accounts payable	$	3,515		$	1,819
Accrued liabilities		8,146			5,755
Payment processing liabilities, net		90,802			76,772
Current portion of operating lease liabilities		839			692
Other current liabilities		240			504
Total current liabilities		103,542			85,542
Long term debt, net of debt discount of $3,906 and $24,349, respectively		17,363			15,912
Operating lease liabilities, less current portion		2,863			3,720
Total liabilities		123,768			105,174

Stockholders’ Equity/(Deficit):
Preferred stock, Series B, par value $0.01, 5,000,000 shares authorized; 53,499 and 55,000 shares issued and outstanding at December 31, 2024 and 2023, respectively		1			1
Common stock, par value $0.001, 100,000,000 shares authorized; 8,032,318 and 5,996,948 shares issued and outstanding at December 31, 2024 and 2023, respectively		8			6
Additional paid-in capital		179,157			175,664
Accumulated other comprehensive income		(1,251	)		401
Accumulated deficit		(179,407	)		(152,581	)
Total stockholders’ (deficit)/equity		(1,492	)		23,491

Total liabilities and stockholder’s (deficit)/equity	$	122,276		$	128,665

RYVYL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(In thousands, except share and par value data)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2024			2023			2024			2023

Revenue	$	14,127		$	22,249		$	55,998		$	65,869
Cost of revenue		8,730			14,455			33,572			40,157
Gross profit		5,397			7,794			22,426			25,712

Operating expenses:
Advertising and marketing		20			(73	)		95			80
Research and development		821			1,323			3,848			5,757
General and administrative		1,826			1,968			6,933			8,678
Payroll and payroll taxes		4,167			3,785			13,836			12,017
Professional fees		1,016			1,425			4,372			7,076
Stock compensation expense		83			1,544			624			1,853
Depreciation and amortization		438			654			2,264			2,553
Impairment of goodwill		–			–			6,675			–
Impairment of intangible assets		3,028			–			3,028			–
Restructuring charges		–			–			1,636			–
Total operating expenses		11,399			10,626			43,311			38,014

Loss from operations		(6,002	)		(2,832	)		(20,885	)		(12,302	)

Other income (expense):
Interest expense		(400	)		(30	)		(862	)		(3,340	)
Accretion of debt discount		(280	)		(3,508	)		(2,258	)		(13,134	)
Changes in fair value of derivative liability		–			(35	)		14			6,544
Derecognition expense on conversion of convertible debt		(531	)		(23,516	)		(600	)		(25,035	)
Legal settlement expense		(467	)		–			(2,064	)		(4,142	)
Gain on sale of property and equipment		–			1,069			–			1,069
Other income (expense)		754			(999	)		970			(2,472	)
Total other expense, net		(924	)		(27,020	)		(4,800	)		(40,510	)

Loss before provision for income taxes		(6,926	)		(29,852	)		(25,685	)		(52,812	)
Income tax provision		(75	)		151			1,140			289
Net loss	$	(6,851	)	$	(30,003	)	$	(26,825	)	$	(53,101	)

Comprehensive income statement:
Net loss		(6,851	)		(30,003	)		(26,825	)		(53,101	)
Foreign currency translation (loss) gain		(2,371	)		433			(1,652	)		44
Total comprehensive loss	$	(9,222	)	$	(29,570	)	$	(28,477	)	$	(53,057	)

Net loss per share:
Basic and diluted	$	(0.91	)	$	(5.43	)	$	(4.01	)	$	(10.11	)
Weighted average number of common shares outstanding:
Basic and diluted		7,543,480			5,525,608			6,694,165			5,251,852

RYVYL INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
(In thousands)

	Year Ended December 31,
	2024			2023
Cash flows from operating activities:
Net loss	$	(26,825	)	$	(53,101	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense		2,264			2,553
Noncash lease expense		143			350
Stock compensation expense		624			1,853
Restricted common stock issued for compensation		182			–
Accretion of debt discount		2,258			13,134
Derecognition expense on conversion of convertible debt		600			25,035
Changes in fair value of derivative liability		(14	)		(6,544	)
Gain on sale of property and equipment		–			(1,069	)
Impairment of goodwill		6,675			–
Impairment of intangible assets		3,028			–
Restructuring charges		1,636			–
Changes in assets and liabilities:
Accounts receivable, net		(155	)		297
Prepaid and other current assets		664			6,568
Cash due from gateways, net		12,684			(5,407	)
Other assets		(160	)		(1,183	)
Accounts payable		1,695			189
Accrued and other current liabilities		1,497			2,080
Accrued interest		366			546
Payment processing liabilities, net		14,029			47,860
Net cash provided by operating activities		21,191			33,161

Cash flows from investing activities:
Purchases of property and equipment		(47	)		(108	)
Logicquest Technology acquisition		–			(225	)
Proceeds from sale of property and equipment		–			2,620
Capitalized software development costs		(1,647	)		–
Purchase of intangibles		(114	)		–
Net cash (used in) provided by investing activities		(1,808	)		2,287

Cash flows from financing activities:
Treasury stock purchases		–			7
Repayments of convertible debt		–			(3,000	)
Repayments on long-term debt		(12	)		(15	)
Tax withholdings related to net settlement of equity awards		(229	)		–
Net cash used in financing activities		(241	)		(3,008	)

Effect of exchange rates in cash and restricted cash		(430	)		44
Net increase (decrease) in cash and restricted cash		18,712			32,484

Cash and restricted cash – beginning of period		73,318			40,834

Cash and restricted cash – end of period	$	92,030		$	73,318

Supplemental disclosures of cash flow information
Cash paid during the period for:
Interest	$	300		$	2,709
Income taxes	$	848		$	199

Non-cash financing and investing activities:
Convertible debt conversion to preferred stock	$	900		$	64,600
Convertible debt conversion to common stock	$	–		$	1,650
Interest accrual from convertible debt converted to preferred stock	$	–		$	1,703
Interest accrual from convertible debt converted to common stock	$	–		$	4

Use of Non-GAAP Financial Information

Adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”) is a non-GAAP measure that represents our net loss before interest expense, amortization of debt discount, income tax expense, depreciation and amortization, changes in the fair value of derivative liabilities, losses on the extinguishment and derecognition expenses on the conversion of convertible debt, non-cash stock-based compensation expense, acquisition-related expense, non-recurring provisions for credit losses on legacy matters, accounting fees related to the restatement of prior period financial statements, non-recurring costs related to the spin-off of a subsidiary, and legal costs and settlement fees incurred in connection with non-ordinary course litigation and other disputes.

We exclude these items in calculating Adjusted EBITDA because we believe that the exclusion of these items will provide for more meaningful information about our financial performance, and do not consider the excluded items to be part of our ongoing results of operations. Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these limitations are: (a) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; (b) Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; (c) Adjusted EBITDA does not reflect the potentially dilutive impact of equity-based compensation; (d) Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to us; and (e) other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.

Because of these and other limitations, you should consider Adjusted EBITDA alongside our other GAAP-based financial performance measures, net income (loss) and our other GAAP financial results. The following table presents a reconciliation of Adjusted EBITDA from net loss, the most directly comparable GAAP measure, for the periods indicated:

Reconciliation of Net Loss attributable to RYVYL, Inc., to Adjusted EBITDA for the
Three and Twelve Months Ended December 31, 2024 and 2023
(In thousands, except share and per share data)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2024			2023			2024			2023

Net loss	$	(6,851	)	$	(30,003	)	$	(26,825	)	$	(53,101	)
Interest expense		400			30			862			3,340
Accretion of debt discount		280			3,508			2,259			13,134
Income tax provision		(75	)		151			1,140			289
Depreciation and amortization		438			654			2,264			2,553
EBITDA		(5,807	)		(25,660	)		(20,301	)		(33,785	)

Other non-cash adjustments:
Changes in fair value of derivative liability		–			35			(14	)		(6,544	)
Derecognition expense on conversion of convertible debt		531			23,516			600			25,035
Stock compensation expense		83			1,544			624			1,853
Impairment of goodwill		–			–			6,675			–
Impairment of intangible assets		3,028			–			3,028			–
Restructuring charges		–			–			1,636			–

Special items:
Non-recurring legal settlements and ongoing matters and related legal fees		467			–			2,064			5,308
Carryover effects of financial statement restatements in prior periods		–			691			–			1,913
Non-recurring provision for credit losses on legacy matters		–			–			–			1,994
Accounting fees related to the restatement of prior period financial statements		–			–			–			237
Non-recurring impairment of right of use asset		–			–			–			100
Non-recurring costs of spin-off		–			–			–			29
Adjusted EBITDA	$	(1,699	)	$	126		$	(5,688	)	$	(3,860	)

Loss from operations	$	(6,002	)	$	(2,832	)	$	(20,885	)	$	(12,302	)

The MIL Network –

April 1, 2025

MIL-OSI: Matador Technologies Announces New CTO and Lead Designer for Upcoming Digital Gold Product on Bitcoin

Source: GlobeNewswire (MIL-OSI)

TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MTDTF) announces the addition of two members to its team as the Company advances toward the launch of its digital gold product on the Bitcoin network in early 2025. Antoine De Vuyst has joined Matador as Chief Technology Officer (CTO), and the pseudonymous artist and developer known as dxxmsdxy (pronounced “doomsday”) has joined as Lead Designer.

Antoine De Vuyst – Chief Technology Officer

Antoine De Vuyst is a Bitcoin entrepreneur, developer, and community organizer with long-standing involvement in the crypto ecosystem. He is the founder of Bitcoin Bay, a Toronto-based crypto community launched in 2014, and has been active in the Ordinals space. Antoine is a holder and inscriber of Ordinals across Bitcoin and Litecoin, and he created the Bitbars collection on Bitcoin and Litebars on Litecoin. At Matador, Antoine will oversee product and development efforts, including work on the Company’s digital gold platform.

dxxmsdxy – Lead Designer

dxxmsdxy is a pseudonymous artist and developer known for work in onchain art on Bitcoin since 2014. They are the creator of an early 1/1 token and have contributed to the Ordinals ecosystem. Among their notable projects are BITBARS, one of the early art collections inscribed on Bitcoin, and SEEDS, a recursive project that enables holders to customize their inscriptions using onchain mechanics. With a background in product design and systems thinking, dxxmsdxy will lead the design and user experience of Matador’s digital gold platform.

“We’re excited to have Antoine and dxxmsdxy join the Matador team,” said Deven Soni, CEO of Matador Technologies. “Their combined experience with Bitcoin and Ordinals, along with their design and development expertise, will contribute significantly to the launch of our digital gold product.”

For additional information, please contact:

Media Contact:
Sunny Ray
President
Email: sunny@matador.network
Phone: 647-932-2668

About Matador Technologies Inc.
Matador Technologies Inc. leverages blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create a platform that will allow users to buy, sell, and store gold 24/7 in a convenient and engaging way.

Cautionary Statement Regarding Forward-Looking Information

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.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The MIL Network –

April 1, 2025
MIL-OSI: Skypace Enhances Speed and Accuracy of Freight Bookings with Descartes Rate Management Solution

Source: GlobeNewswire (MIL-OSI)

ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that international freight forwarder Skypace is using the Descartes Global Price Management™ (GPM) solution to populate its self-service quote-to-book platform with accurate shipping rates and provide a digital-first experience for its growing customer base.

“As the momentum for digitization accelerates, customer demand for on-demand rating and booking continues to grow,” said Vlad Nikalayeu, Chief Executive Officer at Skypace. “By integrating Descartes GPM into our pricing ecosystem, we’ve cut rate processing times by 85%, with updates completed in under 48 hours. This allows us to deliver quotes with 99% pricing accuracy, ensuring our customers receive the most reliable freight rates. The solution has also helped Skypace achieve a 5% increase in accuracy on surcharges across 16 million rates. All of these benefits contribute to higher levels of customer satisfaction and significant operating efficiencies.”

The Descartes GPM solution helps freight forwarders streamline rate management, quoting, and surcharge calculations while increasing operational efficiency. By leveraging Descartes’ advanced rate management capabilities, Skypace is optimizing pricing workflows and delivering a seamless quoting experience for shipper customers worldwide. The combined solution enables rapid processing of over 20,000 freight quotes per hour, significantly reducing the time it takes to generate and confirm rates. With a fully digital and automated approach, Skypace provides real-time rate visibility, transforming a process that traditionally took hours or days into a matter of seconds.

“We’re pleased our solution is helping to drive tangible operational benefits for Skypace and its customers,” said Scott Sangster, General Manager, Logistics Services Providers at Descartes. “Digitization continues to be a fundamental initiative for freight forwarders and our technology helps these organizations simplify the complex process of presenting accurate rates in real-time to more effectively manage the end-to-end transportation of freight.”

About Skypace

Skypace is a global freight forwarder and logistics service provider for U.S. shippers and freight forwarders. The company’s goal is to accelerate global trade logistics with an innovative product accessible to the broadest range of industries worldwide. Skypace aims to enhance the behavior of supply chain logistics participants within an adaptive framework, architected by supply chain, transportation, and technology experts. The company features digital platform with a fast operating cycle for ocean freight transportation from door-to-door. The platform enables planning, pricing, freight, and documentation management, and financing services for cargo shippers. From booking to delivery, Skypace ensures a seamless freight forwarding process every step of the way. Learn more at www.skypace.com.

About Descartes

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

Global Media Contact
Cara Strohack
Tel: 226-750-8050
cstrohack@descartes.com

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ broker and forwarder enterprise solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

The MIL Network –

April 1, 2025
MIL-OSI: Hyperscale Data to Recognize One Time Gain of Approximately $17.5 Million in Q1 2025

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, March 31, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it expects to recognize a one-time gain of approximately $17.5 million upon deconsolidation of Avalanche International, Inc. (“Avalanche”). The Company notes that while this gain is non-recurring, the impact to the Company’s balance sheet is significant.

William B. Horne, Chief Executive Officer of Hyperscale Data, commented, “The deconsolidation of Avalanche will result in the elimination of approximately $17.5 million in current liabilities and significantly improves both our working capital and our stockholders’ equity and will help the Company solidify its long-term future as a publicly listed entity on the NYSE American. The Company anticipates updating stockholders on additional structural changes throughout the coming months.”

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiaries, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. Hyperscale Data’s subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data intends to completely divest itself of ACG on or about December 31, 2025, at which time, it would solely be an owner and operator of data centers to support high-performance computing services. Until that happens, the Company provides, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235

The MIL Network –

April 1, 2025