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Category: GlobeNewswire

  • MIL-OSI: Willis Sustainable Fuels Progresses Teesside SAF Project

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., March 31, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that its subsidiary, Willis Sustainable Fuels (UK) Limited (“WSF”), has entered into license and engineering agreements with two global leaders in sustainable technology, Johnson Matthey and Axens. These partnerships significantly advance WSF’s sustainable aviation fuel (SAF) project in Teesside, Northeastern England. WSF is targeting Q1 2028 to begin commercial operations at its SAF production facility, with an anticipated annual production capacity of 14,000 tonnes (equalling approximately 50,000 litres a day) of SAF.

    “Through this collaboration, WSF will leverage Johnson Matthey’s and Axens’ market-leading technologies to support the production of SAF at our facility in Teesside, UK,” said Amy Ruddock, Senior Vice President, Sustainable Aviation & Corporate Development of WLFC. “Working with industry leaders will allow us to accelerate progress toward our vision for a cleaner, more sustainable future.”

    This project received a grant from the UK Department for Transport’s Advanced Fuels Fund and represents an important step towards the UK government’s 2050 net-zero target and its goal of having five commercial-scale SAF plants under construction by 2025. WSF is currently executing the detailed design phase of the project. McDermott will perform early engineering, procurement, and construction (EPC) related services for the project.

    “Our FT CANS™ technology was developed in partnership with bp and revolutionizes the sustainable fuel sector by enabling production at commercial scale. We look forward to working with Willis Sustainable Fuels on this innovative project that will benefit the UK and beyond,” said Alberto Giovanzana, Managing Director – Licensing at Johnson Matthey

    “Axens is honored to be chosen as a partner in this pivotal energy transition project to support the emergence of the advanced SAF market in the UK. We are dedicated to accompanying Willis every step of the way, ensuring the successful implementation of innovative solutions that drive sustainable progress,” said Jacques Rault, Executive Vice President Technology & Technical Support of Axens.

    The project’s technology is intended to produce 100% SAF that can be seamlessly blended with conventional jet fuel for immediate use with existing commercial aircraft engines. The fuel produced is projected to offer greenhouse gas emissions savings of approximately 80% compared to today’s fuels.

    WSF remains committed to the aviation industry’s transformation to a more sustainable future by investing in, developing and producing scalable solutions to decarbonize aviation. For more information on WSF, visit www.willissustainablefuels.com.

    About Willis Lease Finance Corporation

    Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing  and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

    About Johnson Matthey
    Johnson Matthey is a global leader in sustainable technologies. For over 200 years Johnson Matthey has used advanced metals chemistry to tackle the world’s biggest challenges.

    Many of the world’s leading energy, chemicals and automotive companies depend on Johnson Matthey’s technology and expertise to decarbonise, reduce harmful emissions, and improve their sustainability.

    And now, as the world faces the challenges of climate change, energy supply and resource scarcity, Johnson Matthey is actively providing solutions for its customers. Through inspiring science and continued innovation, we’re catalysing the net zero transition for millions of people every day. For more information visit www.matthey.com.

    About Axens
    The Axens Group (www.axens.net) offers a complete range of solutions for the conversion of oil and biomass into cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics, natural gas treatment and conversion options, water treatment and carbon capture. Their offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility studies to start-up and monitoring of units throughout their lifecycle. This unique position guarantees optimum performance and a reduced environmental footprint. Axens’ international offering is based on highly qualified human resources, modern production facilities and an extensive global network for industrial, technical support and sales services. Axens is an IFP Energies Nouvelles Group company.

    To find out more, visit Axens’ website and follow Axens on X and LinkedIn.

    Contact press: press@axens.net 

     CONTACT: Lynn Mailliard Kohler
      Director, Global Corporate Communications
      (415) 328-4798
      lkohler@willislease.com 

    The MIL Network –

  • MIL-OSI: Board Changes

    Source: GlobeNewswire (MIL-OSI)

    Admiral Group Plc (“Admiral” or “the Company”)

    31 March 2025

    Board Changes

    Retirement of Justine Roberts
    Admiral today announces that, after serving 9 years as an independent Non-executive Director, Justine Roberts has informed the Board that she intends to retire as a Director of the Company. Justine currently holds the position of Senior Independent Director and is a member of the Remuneration Committee and the Nomination and Governance Committee, she will step down from all positions effective 18 June 2025.

    Mike Rogers, Chair of the Admiral Group Board, said: “It is with sadness that today we announce the retirement of Justine Roberts from the Board and all Committee appointments, effective 18 June 2025. Justine has served with distinction for 9 years as an Independent Non-executive Director of the Company. Her contributions have been invaluable, and on behalf of the Board and the entire Company, I extend our deepest gratitude to Justine for her exceptional service. On a personal note, Justine has been an immense support to me since I assumed the role of Chair of Admiral. We wish her all the best in her future endeavours.”

    Justine Roberts, outgoing Senior Independent Director of the Admiral Group Board said:
    “After 9 great years as a Non-executive Director, it’s time for me to step down from the Board. I’ve genuinely loved being part of such a unique and special company and it’s been an incredibly rewarding experience. The energy, creativity, and team spirit at Admiral have made my time on the Board something I’ll always value. A big thank you to my fellow Board members and the whole Admiral team for all the support and collaboration over the years. I’ll be cheering them on for even more success in the years ahead.”

    Milena Mondini de Focatiis, CEO of Admiral Group, said: “I will be very sorry to see Justine leave the Board. Justine always encouraged us to keep an unwavering customer focus, and embrace change and new technology. I am incredibly grateful for the invaluable support that she provided to myself and the management team over the years. On behalf of all my colleagues, I would like to thank Justine for her dedication to both the business and the Board and wish her all the best.”

    Senior Independent Director
    In accordance with Provision 12 of the UK Corporate Governance Code 2024, Andy Crossley will be appointed to the position of Senior Independent Director of the Company effective 18 June 2025.

    Nomination and Governance Committee
    Andy Crossley will be appointed as a member of the Nomination and Governance Committee effective 18 June 2025.

    Following the above changes, from 18 June 2025, the membership of the Nomination and Governance Committee will consist of Mike Rogers (Chair), Bill Roberts and Andy Crossley, all of whom are Non-executive Directors considered by the Board to be independent.

    Group Risk Committee
    Fiona Muldoon will be appointed as a member of the Group Risk Committee effective 28 April 2025.

    Following the above changes, from 28 April 2025, the membership of the Group Risk Committee will consist of Andy Crossley (Chair), Karen Green, Jayaprakasa (JP) Rangaswami and Fiona Muldoon, all of whom are Non-executive Directors considered by the Board to be independent.

    Non-executive Director recruitment
    The Company is currently in the process of recruiting for a new Non-executive Director. Further information will be made available to shareholders as and when this becomes available.

    This announcement is released in compliance with UK Listing Rule 6.4.6.

    Dan Caunt
    Company Secretary
    Admiral Group Plc
    LEI Number: 213800FGVM7Z9EJB2685

    For further information please contact:

    Media:        
    Addy Frederick                                Addy.Frederick@admiralgroup.co.uk         

    Investors/ Analysts:        
    Diane Michelberger                                   InvestorRelationsTeam@admiralgroup.co.uk

    The MIL Network –

  • MIL-OSI: Nokia and Amazon sign patent agreement

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Amazon sign patent agreement

    • Agreement covers the use of Nokia’s video technologies in Amazon’s streaming services and streaming devices.
    • All patent litigation between the parties resolved.

    31 March 2025
    Espoo, Finland – Nokia today announced it has signed a patent agreement with Amazon covering the use of Nokia’s video technologies in Amazon’s streaming services and devices. The agreement resolves all patent litigation between the parties, in all jurisdictions. The terms – including the financial terms – of the agreement remain confidential as agreed between the parties.

    “We are pleased to have reached agreement on the use of Nokia’s video technologies in Amazon’s streaming services and devices,” said Arvin Patel, Chief Licensing Officer New Segments at Nokia.

    Nokia is a leader in the development of video and multimedia technologies, including video compression, content delivery, content recommendation and aspects related to hardware. In the past 25 years, Nokia has created almost 5 000 inventions that enable multimedia products and services and continues to play a leading role in multimedia research and standardization.

    Nokia’s expertise in multimedia and video research is built on continuous investment to advance the industry. Nokia has invested over €150 billion in R&D since 2000 (including over €4.5 billion in 2024 alone) for cutting edge technologies including cellular and multimedia.

    Related news
    Web Page: Patents powering consumer electronics I Nokia
    Blog: We seek compensation for use of our inventions | Nokia

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Email: steven.bartholomew@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Parker Blackwood Advisers Forecasts Economic Headwinds and Opportunities in Pre-Election Australia

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Australia, March 31, 2025 (GLOBE NEWSWIRE) — As the Reserve Bank of Australia (RBA) prepares to announce its monetary policy decision on Tuesday, April 1, 2025, Parker Blackwood Advisers provides its latest insights into an evolving economic landscape defined by cautious optimism, global headwinds, and a looming federal election.

    Following the RBA’s surprise February rate cut—lowering the cash rate from 4.35% to 4.10%—most major banks now anticipate the central bank will pause further easing during the April meeting. The cash rate remains at 4.10%, and while expectations for future reductions vary, there is broad consensus that the next cut is more likely to occur mid-year, with estimates ranging from May (Commonwealth Bank) to August (ANZ). Westpac and NAB also expect multiple cuts before year’s end, bringing the rate closer to 3.35%.

    While inflation has moderated, last recorded at 2.4%—well within the RBA’s target band of 2–3%—uncertainty remains high. Parker Blackwood Advisers analysts caution that monetary easing alone is not a panacea. The upcoming May 3 federal election introduces fiscal unpredictability, while global developments—including the possibility of renewed U.S. tariffs—could exert upward pressure on prices and delay the disinflation trend.

    “Markets have welcomed the February rate cut, but future moves will be heavily data-dependent,” said Daniel Lewis, Account Executive at Parker Blackwood Advisers. “We don’t expect an aggressive cutting cycle. The RBA is aware of the risks of acting too quickly and reigniting inflation.”

    The firm’s research team emphasizes that Australia’s economic fortunes remain closely tied to international trade flows. Any disruption—such as shifting trade policies under a potential second Trump presidency—could complicate domestic monetary policy and affect investor confidence.

    Parker Blackwood Advisers also continues to spotlight Australia’s sluggish productivity growth as a critical structural challenge. Without sustained improvements in output per worker, meaningful wage growth and long-term economic expansion will remain elusive.

    “We view productivity as central to the recovery narrative,” added Rupert Wade, Account Executive. “If interest rates are to fall sustainably, we must match monetary policy with real reforms—particularly in innovation, infrastructure, and education.”

    While many households hope for further rate relief, Parker Blackwood Advisers underscores that any easing will likely be gradual, with decisions spaced across the RBA’s remaining six meetings this year. Governor Michele Bullock has reiterated that policy moves will be measured to avoid reigniting inflationary pressures.

    In this transitional environment, Parker Blackwood Advisers wealth management team continues to support clients in repositioning portfolios. With interest rate trajectories uncertain and traditional investment avenues offering limited real returns, demand for fixed income and private market opportunities is growing.

    “Investors are moving away from a passive, wait-and-see approach,” observed David Reid, Account Executive. “We’re seeing strong interest in defensive yield strategies that balance stability with attractive returns.”

    Everyday investors across Australia are increasingly seeking alternatives to term deposits and property—especially in the face of rate volatility and global unpredictability. At Parker Blackwood Advisers, our approach is clear: we offer tailored investment strategies designed to reflect your risk profile, financial goals, and long-term vision.

    Whether you’re focused on capital preservation, steady income, or exposure to non-traditional markets, our experienced advisers can help build a resilient financial plan—regardless of where rates move next.

    About Parker Blackwood Advisers
    Founded in 2013, Parker Blackwood Advisers is a premier financial services provider based in Perth, Australia. With a focus on personalised investment strategies, the firm offers a broad range of wealth management solutions, including asset allocation, investment management, and financial planning. Managing over $4.7 billion in assets, Parker Blackwood Advisers is dedicated to helping clients achieve their financial goals through tailored, expert guidance.

    Disclaimer
    Parker Blackwood Advisers is a trading name of Parker Blackwood Advisers Corporation Pty Ltd (ABN: 98 162 183 244), holder of AFSL 434-071. Investing carries risks, including potential loss of capital. Information provided is general and not financial advice. Past performance is not a guarantee of future results.

    Mr. Paul Allen
    Head of Marketing
    paul.allen@parker-blackwood-advisers.com
    1300 040 221
    08 6275 0960
    Exchange Tower,
    Level 17/2 The Esplanade
    Perth WA, 6000

    Source: Parker Blackwood Advisers

    The MIL Network –

  • MIL-OSI: ForexEKO Revolutionizes Classic Candlestick Trading with AI Automation

    Source: GlobeNewswire (MIL-OSI)

    LIMASSOL, CYPRUS, March 30, 2025 (GLOBE NEWSWIRE) — Avenix Fzco announces the launch of ForexEKO, an AI-powered trading system that modernizes candlestick pattern analysis for precision trading. The trading world often talks about innovation, but some of the most effective strategies come from pairing old-school insights with modern technology. One of the clearest examples of this today is the revival of candlestick pattern trading, an age-old technique now getting a serious upgrade through automation and intelligent systems. At the center of this shift is ForexEKO, developed by Avenix Fzco, a trading system that brings new life to classic techniques using AI-driven pattern recognition and smart automation.

    Why Candlestick Patterns Still Matter

    Candlestick formations like the Hammer, Doji, and Engulfing have helped traders read market sentiment for decades. They tell a story about price movement – helping identify potential reversals or breakouts. But manually spotting these patterns takes time and experience, and even then, interpretation can vary. That’s where automated systems step in.

    Modern Tech, Classic Strategy

    ForexEKO enhances candlestick analysis by detecting and evaluating these formations using automated logic. This removes the guesswork, offering cleaner signals backed by historical data. By processing large datasets and eliminating inconsistencies in pattern recognition, ForexEKO helps traders make faster, more confident decisions.

    What Makes ForexEKO Stand Out

    • Multi-Layered Trading Logic: ForexEKO doesn’t rely on candlesticks alone. It blends price action with indicators like Moving Averages and Oscillators to validate patterns and reduce false entries.
    • Clear Risk Parameters: Every trade is secured with predefined Stop Loss and Take Profit levels. A global stop-loss mechanism adds extra protection, while a cautious martingale feature can assist in recovery without reckless exposure.
    • Backed by Real Data: ForexEKO has been optimized using high-quality tick data from Thinkberry SRL’s Tick Data Suite. This ensures the system is based on real conditions – not assumptions. The result is a track record of stable performance, with simulations showing potential returns of up to 100% yearly from a $10,000 deposit, all while maintaining low drawdowns.

    Looking Ahead

    The integration of AI into traditional trading strategies like candlestick analysis signifies a broader shift towards more sophisticated and reliable trading tools. As AI continues to evolve, its ability to process vast amounts of data and identify subtle patterns will further enhance the precision of trading strategies, benefiting both novice and experienced traders.​

    About ForexEKO

    ForexEKO is an Expert Advisor for MetaTrader 4, optimizing XAU/USD trading with advanced analysis and risk management. Designed for precision and consistency, it balances profitability with low drawdowns. Learn more at https://forexeko.com/.

    Media contact

    Brand: ForexEKO

    Contact: media team

    Email: support@forexeko.com

    Website: https://forexeko.com/

    The MIL Network –

  • MIL-OSI: Important Advisory: Barrie ice storm power restoration update

    Source: GlobeNewswire (MIL-OSI)

    BARRIE, Ontario, March 30, 2025 (GLOBE NEWSWIRE) — Alectra Utilities advises that due to severe damage to trees and electricity infrastructure, power restoration in the downtown core of Barrie will not be completed by Monday morning. Alectra crews will be working overnight and through the morning to restore power, however businesses and residents in the downtown area are advised that electricity service will not be available in all downtown core locations and should plan accordingly while emergency crews clear debris and repair powerlines in the area.

    About Alectra Utilities

    Serving more than one million homes and businesses and approximately three million people in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions. Our mission is to be an energy ally, helping our customers and the communities we serve to discover the possibilities of tomorrow’s energy future.

    Twitter: https://twitter.com/alectranews
    Facebook: https://www.facebook.com/alectranews/
    Instagram: https://www.instagram.com/alectranews/?hl=en
    LinkedIn: https://www.linkedin.com/company/16178435/admin/
    Bluesky: https://bsky.app/profile/alectranews.bsky.social
    YouTube: https://www.youtube.com/alectranews

    Media Contact

    Ashley Trgachef, Media Spokesperson | Email: ashley.trgachef@alectrautilities.com | Telephone: 416.402.5469 | 24/7 Media Line: 1-833-MEDIA-LN        

    The MIL Network –

  • MIL-OSI: 2degrees and Nokia accelerate delivery of 5G services and improve network efficiency in New Zealand

    Source: GlobeNewswire (MIL-OSI)

    Press Release 

    2degrees and Nokia accelerate delivery of 5G services and improve network efficiency in New Zealand

    • 2degrees and Nokia sign six-year deal to utilize Nokia’s containerized Cloud Native Communication Suite (CNCS).
    • CNCS, through the Nokia Cloud Platform, will streamline network activities, enhance automation, and minimize manual intervention across 2degrees’ network.
    • CNCS will be deployed on the Nokia Cloud Platform, which integrates a full set of Red Hat cloud products, including Red Hat OpenShift.

    31 March 2025

    Espoo, Finland – 2degrees is expanding its Voice Core relationship with Nokia in a six-year deal in which the New Zealand operator will tap Nokia’s containerized Cloud Native Communication Suite (CNCS) to accelerate the deployment of new 5G services and optimize its network resources.

    CNCS makes it easier for operators like 2degrees to deploy multiple vendors’ applications on the same cloud infrastructure, streamline network activities, enhance automation, and minimize manual intervention. 2degrees will utilize CNCS to bring together multiple IMS voice 3GPP functionalities into a single cloud-native network function. It will be deployed on the Nokia Cloud Platform, which integrates a full set of Red Hat cloud products, including Red Hat OpenShift.*

    “We are happy to expand our relationship with Nokia as we continue to modernize our network,” said Stephen Kurzeja, CTIO at 2degrees. “This provides us with a much-simplified Core architecture that enables new monetization and innovation pathways to enhance the subscriber experience and further optimize how 2degrees manages its network with new automation tools.”

    As the industry’s leading hybrid cloud application platform powered by Kubernetes, Red Hat OpenShift is integrated into the Nokia Cloud Platform to provide cloud-native and scalable infrastructure. By integrating with Red Hat OpenShift, operators have the option to scale their 5G network footprint and quickly introduce new services with enhanced capacity, performance, life cycle management, automation, and energy management.

    The modernization will provide 2degrees with reduced infrastructure and carbon footprint, and lower operational costs through streamlined life cycle management. CNCS improves energy efficiency by about 10 percent to 20 percent, relative to a standard IMS Voice Core, according to Nokia data.

    “We are pleased to extend our collaboration with 2degrees with Nokia’s flexible and reliable cloud-native CNCS architecture. This will enable the roll-out of new innovative services more quickly, securely, and without limitations in multi-cloud environments to meet the evolving and more demanding connectivity needs of 2degrees’ customers,” said Wilson Maria, Head of Cloud and Network Services, Oceania at Nokia.

    As part of the agreement, 2degrees will integrate Nokia’s MantaRay Network Management solution for a consolidated network view that optimizes network monitoring and management.

    2degrees already leverages a variety of other Nokia 5G Core networking functions like Shared Data Layer, where data is stored, through NCP, which reflects Nokia’s multi-cloud strategy of providing operators with the infrastructure of their choice.

    Nokia leads the world in 5G SA Core Networks, with 55% of live deployments utilizing the company’s software, according to a compilation of industry data. Nokia ended 2024 with the most 5G Standalone Core communication service provider customers, with 123 in total. The Nokia Core Network portfolio is fully cloud-native across the board, which makes it much easier for operators to run their full 4G/5G Core in cloud-native network functions.

    *Red Hat, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About 2degrees
    2degrees is a leading full-service telecommunications provider, committed to fighting for fair for Kiwis and businesses. Since its launch, 2degrees has been on a mission to disrupt the market, standing up for fairness and flexibility in an industry that needed.2degrees is backed by award-winning customer service, and delivers innovative solutions, allowing customers to choose the connectivity options that suit them best.

    Media Inquiries
    Nokia Communications, Corporate
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: TSplus Recognized with Multiple Accolades from Capterra, Software Advice and GetApp in 2025

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., March 30, 2025 (GLOBE NEWSWIRE) — As TSplus moves into another exciting year, they’re proud to share that they have been honored with multiple recognitions from Gartner Digital Markets brands — Capterra, Software Advice, and GetApp. Their Remote Support product has been featured across several flagship reports released in 2025, reaffirming their commitment to delivering exceptional value to their users.

    TSplus’ Latest Achievements in Remote Support Category

    What Users Are Saying About TSplus

    “Use it every day for ourselves and our customers”
    “Overall: It is all we ever use. Have never considered using anything else for our SME customers.
    Pros: Ease of setup, reliability and security.”

    [Source: Capterra]

    ““Highly recommended”
    “Overall: Very good experience. I use it daily. During the pandemic it made a difference for remote work (and it still does…)
    Pros: Operation, installation, support, price.”

    [Source: Capterra]

    Have you experienced TSplus? Click here to review them on Capterra.

    Looking Ahead for Remote Support and TSplus software

    Adrien Carbonne, TSplus’ CTO, commented: “2025 marks another step forward in our journey, and we’re more committed than ever to evolving TSplus to better meet our customers’ needs. We’re excited for the future and look forward to continuing this journey with our users.”

    About TSplus

    TSplus is a leading provider of remote access and IT support solutions, offering powerful, easy-to-use tools for businesses worldwide. Their suite of products enables secure remote work, troubleshooting, and management from any device, anywhere. For more information, visit www.tsplus.net, and follow them on LinkedIn, X and Facebook.

    About Gartner Digital Markets:

    Gartner Digital Markets is the world’s largest platform for finding software and services. More than 100 million people visit Capterra, GetApp, Software Advice, and UpCity across over 70 localized sites every year to read objective research and verified customer reviews that help them confidently choose the right software and services. Thousands of B2B companies work with Gartner Digital Markets to build their brand, capture buyer demand, and grow their business. For more information, visit https://www.gartner.com/en/digital-markets

    Disclaimer:

    The Gartner Digital Markets badges from Capterra, GetApp, and Software Advice are trademarks and service marks of Gartner, Inc. and/or its affiliates are used herein with permission. All rights reserved. Gartner Digital Markets badges constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner, Inc. or its affiliates.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bb02d5ef-3c98-4a03-8947-4e094704c04c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b9f7d41f-7f31-456a-9b1c-0f4c5e2058e7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e6fdb943-80df-4eb2-9743-0459055c9d11

    Caleb Zaharris
    Marketing Director for TSplus
    Caleb.zaharris@tsplus.net

    The MIL Network –

  • MIL-OSI: Alectra working through Sunday night to restore power to approximately 18,000 customers

    Source: GlobeNewswire (MIL-OSI)

    BARRIE, Ontario, March 30, 2025 (GLOBE NEWSWIRE) — Alectra Utilities’ powerline crews will continue restoration efforts overnight on Sunday to return service to approximately 18,000 customers still without power in Barrie, Penetanguishene and Richmond Hill. This is down from the more than 44,000 customers who were without power at the height of the storm early Sunday morning.

    Alectra crews are working 24/7 in very challenging and hazardous conditions, prioritizing public safety and critical infrastructure while restoring service as efficiently as possible. The utility has also brought in additional forestry crews to clear downed tree limbs from around the damaged powerlines in advance of the emergency crews that are repairing the grid. Unfortunately, due to the severity of the damage from ice accretion across Alectra’s service territory, and significant tree damage in downtown Barrie that is complicating restoration, some customers will be without power overnight and into Monday morning.

    Customers can continue to get outage updates by following the Alectra X account, @AlectraNews, or by viewing the outage map at alectrautilities.com.

    As power is restored, if residents notice that their neighbours have power again, but they are still out, it may be because their home’s service mast was damaged during the storm. Here is what they’ll need to know before we can re-energize: https://www.youtube.com/watch?v=rQ8AWvfN_oo.

    Refrigerated food should be checked if power has been out for a lengthy period. We recommend avoiding opening your refrigerator or freezer doors unless necessary. Keep them closed as much as possible to prevent cold air from escaping. Learn more about ‘food safety in an emergency’ here: https://www.canada.ca/en/health-canada/services/food-drinking-water-safe-emergency.html#a3. Additional safety information can be found at alectrautilities.com/what-do-during-outage.

    We know this is an extremely difficult time for those still without power, especially given the weather. We want to express our sincere appreciation to our customers for their patience, resilience and understanding as we work to restore service safely.

    About Alectra Utilities

    Serving more than one million homes and businesses and approximately three million people in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions. Our mission is to be an energy ally, helping our customers and the communities we serve to discover the possibilities of tomorrow’s energy future.

    Twitter: https://twitter.com/alectranews
    Facebook: https://www.facebook.com/alectranews/
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    Media Contact

    Email: media@alectra.com | 24/7 Media Line: 1-833-MEDIA-LN

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0ceacb1-6c95-492e-afb5-7e93a8d63238

    The MIL Network –

  • MIL-OSI: FortiCard Spearheads Strategic Expansion and Solidifies Long-Term Partnerships

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — FortiCard, a trailblazer in global financial services, is rapidly advancing its strategic vision through a series of high-profile initiatives and partnership developments that underscore its commitment to shaping the future of finance. The company has recently engaged in fruitful discussions with several banking enterprises that recognize FortiCard’s unique capabilities, resulting in strategic alignments poised to transform industry standards.

    Engagement with Leading Banking Enterprises
    Recognized for its innovative approach and robust technological infrastructure, FortiCard has attracted the attention of numerous banking enterprises, initiating dialogues aimed at exploring collaborative opportunities. These discussions are focused on leveraging FortiCard’s advanced financial platforms and analytical tools to enhance transactional efficiencies and expand service capabilities across the banking sector.

    Strategic Initiatives to Address Investment Order Shortages at FortiCard
    FortiCard is actively deploying a series of strategic measures aimed at addressing the persistent shortage of lend-out investment orders that has troubled its users for several months. These initiatives are expected to significantly enhance FortiCard’s capacity to manage a larger volume of transactions, thereby meeting the increasing demands of its global customer base and reducing barriers to market participation. This strategic shift is designed to optimize operational efficiency and improve service delivery, ensuring that FortiCard remains competitive in the dynamic financial services sector.

    Cementing Relationships: From Short-Term Engagements to Long-Term Commitments
    A key highlight of FortiCard’s strategic agenda is the transformation of several short-term engagements into long-term partnerships. This transition will be formally recognized and celebrated on April 6, symbolizing a major commitment on the part of FortiCard and its partners to a sustained and mutually beneficial collaboration.

    Milestone Signing Ceremony in Singapore
    To mark these expanded partnerships, FortiCard will host a ceremonial signing event on May 1 at the prestigious Marina Bay Sands in Singapore. This venue, renowned for its architectural brilliance and business significance, will serve as the perfect backdrop for celebrating these enduring alliances. The event will not only signify the formalization of these agreements but also showcase FortiCard’s strategic commitment to fostering long-term relationships within the financial industry.

    Future Outlook and Continued Innovation
    As FortiCard continues to navigate the complexities of the global financial landscape, these strategic developments are integral to its mission of driving innovation and advancing the financial services industry. By enhancing its partnerships and expanding operational capabilities, FortiCard is setting new benchmarks for excellence and service delivery in finance.

    About FortiCard
    With a global presence and a reputation for excellence, FortiCard remains at the forefront of the financial services industry, known for its innovative solutions and commitment to client success. FortiCard continues to leverage its expertise to provide secure, profitable, and reliable financial products and services, ensuring it remains a leader in the financial sector.

    Media Contact:
    Company Name: FortiCard Limited
    Contact Person: Alexander Jonathan Williams
    Website: https://forti-card.com
    Email: admin@forti-card.com

    Disclaimer: This press release is provided by the FortiCard Limited. 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 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. 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.

    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/a48230a2-4302-43fc-a4dd-c5d49c613ec2

    The MIL Network –

  • MIL-OSI: BYD Energy Storage Launches Chess Plus for C&I Energy Storage in China

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 30, 2025 (GLOBE NEWSWIRE) — BYD Energy Storage, a business division of BYD Company Limited, as a provider of renewable energy solutions, unveiled on March 26th its next-gen commercial and industrial (C&I) energy storage system, Chess Plus, designed to address challenges in safety, efficiency, and profitability amid a fiercely competitive market.

    BYD Energy Storage’s Chess Plus establishes a new paradigm in energy storage through its cell-to-system (CTS) protection framework. At the core are “Thick Blade Battery” cells with ceramic terminals, eliminating leakage risks while enhancing corrosion resistance. These cells have passed extreme stress tests including thermal runaway simulations (-25~55℃) and 260% overcharge thresholds. Chess Plus is unique with its 2-hour fire-resistant battery casing and built-in aerosol fire suppression system. The thermal anomalies can be detected in advance thanks to the system-level protection including 8.0-magnitude seismic resistance, IP55 enclosures with sloping roofs for water drainage, and AI-driven risk prediction algorithms.

    Chess Plus features ultra-long life battery cells supporting over 10,000 cycles, ensuring durability for steady operations. Its dual-mode cooling system—liquid cooling for batteries and smart forced air cooling for electronic equipment—reduces auxiliary power consumption by 20% while enhancing thermal consistency. This design extends component lifespan by 30%.

    Chess Plus integrates high-performance edge computing for real-time SOC optimization and fault prediction. The system’s modular architecture allows independent data and control channels for stable operation. Chess Plus is an energy storage solution for many application scenarios in industrial parks, EV charging hubs and microgrids. With AI-driven management, it is an ideal option for optimizing energy use and maximizing ROI across diverse settings.

    Dr. Wang Xiaoye from BYD Energy Storage emphasized, “Only manufacturers mastering cell-level R&D can deliver true value and efficiency. Chess Plus reflects our 17-year energy storage expertise and commitment to sustainable innovation.”

    BYD Energy Storage has long been committed to the R&D of C&I energy storage products. Its previous C&I product applied in a Behind-the-Meter facility in Jiangsu, China helps generate $3 million annually via two cycles per day and grid incentives, demonstrating a 3-year payback period.

    As industries worldwide embrace green energy, Chess Plus shows considerable promise as a dominant role in the market with its strong stability and adaptability. With unmatched safety and smart operational tools, BYD Energy Storage continues to lead the global shift toward resilient and cost-efficient energy storage.

    Photo available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3620aaf-7be9-4e80-8af9-1feffb703f48

    www.bydenergy.com

    www.bydglobal.com

    The MIL Network –

  • MIL-OSI: Alectra continues power restoration in wake of weekend’s devastating freezing rain and ice storm

    Source: GlobeNewswire (MIL-OSI)

    BARRIE, Ontario, March 30, 2025 (GLOBE NEWSWIRE) — Alectra Utilities’ powerline crews worked throughout the night to restore service to homes and businesses who experienced power disruptions due to the freezing rain and icy conditions, which began on Friday night and have extended into Sunday. Most damage to Alectra’s grid occurred in Barrie and Penetanguishene overnight, with additional outages in Richmond Hill and, unfortunately, approximately 44,000 customers are still without service this morning.

    Alectra anticipates that service will be restored to many customers throughout Sunday but given the infrastructure damage, we are not able to provide an estimated time for full restoration (ETR) at this point. Service restoration times will be provided as crews assess the damage in hard hit neighbourhoods. Customers can get updates on the company’s power restoration efforts by following the Alectra X account, @AlectraNews, or by viewing the outage map at alectrautilities.com.

    Those who are still without power are encouraged to check on relatives and neighbours who may require assistance. In the event of downed powerlines, stay at least 10 metres away (the length of a school bus), and call 911 immediately.

    As power is restored, if residents notice that their neighbours have power again, but they are still out, it may be an because their home’s service mast was damaged during the storm. Here is what they’ll need to know before we can re-energize: https://www.youtube.com/watch?v=rQ8AWvfN_oo.

    Refrigerated food should be checked if power has been out for a lengthy period. We recommend avoiding opening your refrigerator or freezer doors unless necessary. Keep them closed as much as possible to prevent cold air from escaping. Learn more about ‘food safety in an emergency’ here: https://www.canada.ca/en/health-canada/services/food-drinking-water-safe-emergency.html#a3. Additional safety information can be found at alectrautilities.com/what-do-during-outage.

    The safety of our employees, contractors and the community is our top priority. We appreciate the patience and support of residents and response teams as we navigate this storm response together.

    About Alectra Utilities

    Serving more than one million homes and businesses and approximately three million people in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions. Our mission is to be an energy ally, helping our customers and the communities we serve to discover the possibilities of tomorrow’s energy future.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0ceacb1-6c95-492e-afb5-7e93a8d63238

    The MIL Network –

  • MIL-OSI: Ambia Solar Headquarters Move to Lindon, Utah

    Source: GlobeNewswire (MIL-OSI)

    New Location Marks a Milestone in Commitment to Continued Growth

    LINDON, Utah, March 29, 2025 (GLOBE NEWSWIRE) — Ambia Solar, a leading residential solar company known for its commitment to personalized energy solutions and customer-first service, is proud to announce the relocation of its corporate headquarters to Lindon, Utah. The official move took place on Friday, March 28, 2025.

    The new headquarters will serve as a central hub for Ambia’s operations, providing expanded space for its growing teams in sales, operations, finance, and customer service. This move reflects Ambia’s continued growth and commitment to creating a collaborative, forward-thinking workplace to support its mission of making clean, dependable energy accessible for homeowners across the country.

    Conner Ruggio, CEO of Ambia, shared that from the first time he walked through the building—formerly home to the successful HR company BambooHR—he had a gut feeling it was the right fit for Ambia. “I genuinely believe this is going to be a place where we do some incredible things,” Ruggio said. “I hope this is a place you love to work every day. I know that I will.”

    Located in the heart of Utah County, the new facility offers greater accessibility, enhanced amenities, and plenty of space for future growth as Ambia continues scaling its efficient energy solutions throughout the U.S. This move underscores the company’s ongoing investment in its employees and communities, creating opportunities for job growth, collaboration, and impact across the solar industry.

    About Ambia Solar
    Ambia is a residential solar company dedicated to helping homeowners achieve greater energy independence through smart, reliable solar solutions. With a focus on transparency, education, and world-class service, Ambia manages each project in-house—from consultation and system design to professional installation and support. Ambia currently operates in nine states with plans for continued expansion.

    Contact:
    Anne Heath
    Marketing & Communications
    anne.heath@ambiasolar.com
    www.ambiasolar.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/596c2ea7-46a0-49da-bc36-2b3e62b5f99e

    The MIL Network –

  • MIL-OSI: BexBack Launches 100x Leverage, Double Deposit Bonus, and $50 Welcome Bonus — No KYC Required

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 29, 2025 (GLOBE NEWSWIRE) — As crypto markets remain volatile, BexBack is empowering traders with 100x leverage, no KYC, and a 100% deposit bonus to maximize returns. Whether you’re a seasoned pro or just starting, BexBack offers exceptional opportunities for profitable trading.

    Why Trade with 100x Leverage on BexBack?

    • Amplified Profits: Control larger positions with smaller capital.
    • Low Capital Requirement: Enter high-value trades with minimal investment.
    • Trade Both Directions: Profit whether the market goes up or down.
    • No KYC: Start trading immediately, no identity verification needed.

    What is 100x Leverage and How Does It Work?

    With 100x leverage, a 1 BTC position can control 100 BTC. For example, if Bitcoin rises from $100,000 to $105,000, your profit would be 5 BTC, giving you a 500% return.

    100% Deposit Bonus

    Double your funds instantly with 100% deposit bonus — available on all deposits greater than 0.001 BTC or 100 USDT. Use the bonus to open larger positions and increase profits.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, SOL, XRP, and other popular cryptos. Headquartered in Singapore, BexBack serves over 500,000 traders globally, providing fast execution, no deposit fees, and 24/7 customer support.

    BexBack is a US MSB (Money Services Business) licensed platform, trusted by traders in over 200 countries, including the US, Canada, and Europe.

    Why Choose BexBack?

    • No KYC Required – Start trading instantly.
    • 100% Deposit Bonus – Double your funds immediately.
    • High-Leverage Trading – Up to 100x leverage on crypto futures.
    • $50 Welcome Bonus – For new users after completing your first trade.
    • Demo Account – Practice risk-free with 10 BTC and 100K USDT in virtual funds.
    • Global Support – 24/7 customer service.

    Sign Up Now — Break the KYC and Leverage Barriers.

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This press release is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. 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.

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    https://www.globenewswire.com/NewsRoom/AttachmentNg/93e803e5-c903-45f7-9226-2779199da8fe
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    The MIL Network –

  • MIL-OSI: SafeCard Reviews [CONSUMER REPORTS 2025]: Don’t Buy Till You’ve Read This!

    Source: GlobeNewswire (MIL-OSI)

    MONROE, La., March 29, 2025 (GLOBE NEWSWIRE) — Transactions are now faster than ever thanks to contactless payment methods and RFID-enabled cards, but they have also made it easier for criminals to gain access to your private information. Powerful RFID skimming devices have made it possible for cyber criminals to collect your personal card information without any physical contact, and the sad part is that you have probably been a victim in the past, with or without realising it. Many people are now looking for trustworthy methods to safeguard their personal and financial data without the bulk of RFID wallets and sleeves.

    SafeCard RFID Blocking Card Reviews

    We will be discussing the SafeCard, a thin and lightweight RFID-blocking card that promises to stop unwanted scanning of debit cards, credit cards, and other RFID-enabled devices. Many USA consumer reports claim it’s a sleek, hassle-free answer to digital theft, unlike heavy RFID wallets or thin sleeves. Does it, however, work as advertised? Any SafeCard Reviews Complaints on Trustpilot And Reddit?

    It’s important to be on the safe side given the abundance of security devices available on the market. Despite their lofty claims, several RFID-blocking devices fall short of providing adequate protection, leaving consumers vulnerable to cyber theft. Others are difficult to use, requiring frequent modifications or adding needless bulk to wallets.

    But does the SafeCard really work, or is it simply another overhyped RFID-blocking device? Is it worth your dime? What is the real truth of the SafeCard Shield, despite the hype it’s getting in the USA? To answer all these questions and more, we will look more closely at what makes it special, go over some of its main features, pros and cons and actual customer experiences.

    Introduction to Safecard

    What is Safecard (Safecard Reviews)

    If this is your first time hearing about this RFID Blocking device, your first question would be ‘What is The SafeCard?’ So let’s start by answering that. SafeCard is an innovative RFID-blocking gadget made to prevent unwanted scanning of passports, credit cards, debit cards, and other RFID-enabled objects.

    Scammers can now obtain important information from your cards without making direct contact using powerful RFID skimming devices. By creating an imperceptible barrier that prevents these scanning efforts, SafeCard provides a dependable solution and guarantees the security of your financial and personal information.

    SafeCard neutralizes skimming devices by using active interference technology. It creates a barrier around your cards when you carry them in your wallet or purse, keeping identity thieves out. For shoppers, travelers, and anybody else worried about digital security, this makes it a great option.

    SafeCard’s lightweight, thin design is one of its best qualities; it lets customers experience safety without having to carry heavy accessories. With its long-lasting build and universal compatibility with all RFID-enabled cards, it provides long-term 24/7 protection. The SafeCard is a simple, cost-effective, and efficient method of protecting your private information that gives you peace of mind wherever you go.

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    Explanation on How The SafeCard Shield Works

    SafeCard prevents unwanted scanning of your passports, credit cards, debit cards, and other RFID-enabled objects by actively blocking RFID and NFC signals. In contrast to conventional RFID-blocking wallets or sleeves that passively protect cards from signals, SafeCard instantly blocks scanning efforts, guaranteeing that even with sophisticated skimming tools, cybercriminals cannot access your private data. Just put the SafeCard in your wallet, handbag, or cardholder with your other cards to use it. It surrounds them with a protective field that prevents unwanted scanners from picking up RFID signals.

    Most RFID-enabled cards are compatible with SafeCard’s active protection solution, which provides a more sophisticated and dependable option than passive shielding techniques. Its lightweight and thin design also makes it possible for you to use it conveniently without having to deal with the bulk. SafeCard guarantees that your financial and personal information is always secure; you can now travel, buy, or commute with peace of mind.

    Verified Distinguishing Features Of The SafeCard (SafeCard Reviews USA)

    The SafeCards manufacturer’s objective is to provide you with a convenient and safe experience while keeping you one step ahead of fraudsters. SafeCard has recorded a plethora of customer reviews and validated testimonials supporting its functionality. Let’s look at the unique features of SafeCard:

    • Advanced RFID Blocking: SafeCard’s innovative RFID and NFC blocking technology is central to its effectiveness.. The card uses a strong electromagnetic shielding mechanism to stop your ID badges, smart passports, debit cards, and credit cards from being scanned without your permission. Verified users have shared their experiences, proving that SafeCard is effective; thus, this isn’t simply a theoretical assertion. For example, Hannah L. recalled that she had twice been the victim of card skimming at airports. She reported feeling secure after using SafeCard, pointing out that its covert and lightweight design has already thwarted multiple scanning efforts. These first-hand reports provide strong proof that SafeCard performs as intended.
    • Lightweight and Simple design: The thin, light, and simple design of SafeCard is a huge plus. Nobody is interested in dealing with bulky gadgets as they make daily routine tiresome. SafeCard is nearly undetectable in your wallet or purse because it is only 1.1 mm thick, unlike conventional RFID-blocking wallets or sleeves. Another confirmed customer, Emma R., emphasized this advantage by drawing comparisons to RFID wallets she had previously used. She underlined that SafeCard provided the same security without sacrificing comfort or convenience, while the conventional choices were cumbersome and inconvenient; this implies that you will get dependable protection that fits in well with your way of life.
    • No batteries needed: SafeCard offers 24/7 protection as it does not need batteries or recharging. Long-lasting performance without the inconvenience of moving around with chargers or replacing out batteries is guaranteed. The SafeCard is a great option for both regular travelers and daily commuters who require round-the-clock safety wherever they go.
    • Universal compatibility: Another feature that sets SafeCard apart from the competition is its universal compatibility. SafeCard is compatible with all RFID-enabled devices, including transport passes, credit and debit cards, and even access cards. The SafeCard eliminates the need for you to switch between different kinds of protective sleeves for different kinds of cards. You can simplify your security requirements and ensure complete protection across all your RFID-enabled cards with SafeCard.
    • Long-lasting: The manufacturers of the SafeCard are aware that durability is important to you. Long-term use is ensured by SafeCard’s construction using premium, dust-proof, and water-resistant materials. The card is made to resist normal wear and tear, whether you’re driving through crowded cities or in inclement weather. The SafeCard won’t require regular replacements or extra care for many years.
    • Travel-friendly: The TSA-friendly design of SafeCard is a big plus for frequent travelers. Traditional RFID-blocking wallets that could set off alarms during airport security checks are an annoyance, and we understand that. SafeCard was designed to make sure that your trip is easy and hassle-free. Verified buyer Rachel T. told how scammers accessed her bank account while she was traveling through Rio. Her trip was transformed by a SafeCard recommendation, and she now feels confident knowing her wallet is protected. When you are walking through congested public areas or airports, this certainty is priceless.
    • Multi-layer protection: Apart from its fundamental RFID-blocking features, SafeCard incorporates multi-layer encryption. This extra function makes sure that your data is protected by layers of strong encryption, even in the event of an unauthorized attempt to access it. The encryption serves as an additional barrier, protecting your private information from prying eyes even while the device concentrates on preventing illegal scans.
    • Affordable: The SafeCard is available at a surprisingly affordable price. Users of most pay grades can afford the SafeCard without breaking the bank.

    Is SafeCard Better Than RFID Sleeves?

    Many people, especially frequent travelers, are looking for trustworthy methods to safeguard their financial and personal data due to the growing threat of digital theft and illegal RFID scanning. For many years, RFID-blocking sleeves were the only popular solution, hence the tolerance despite their many drawbacks. The SafeCard is here now and is superior to conventional RFID sleeves.

    The fact that RFID sleeves only use passive shielding to prevent signals is one of their main drawbacks. A coating of metallic substance inside these sleeves keeps RFID readers from accessing card data. However, the card must be fully covered and positioned inside the sleeve for them to be effective. Protection may be jeopardized if a card is even slightly exposed or if the sleeve wears out. Conversely, SafeCard makes use of active detection technologies in conjunction with sophisticated electromagnetic shielding. It ensures constant protection by automatically blocking RFID scanning attempts, saving users from having to manually insert or remove cards.

    SafeCard’s lightweight and thin design, which fits easily into any wallet, is another significant benefit. Although theoretically functional, RFID-blocking sleeves can be cumbersome and inconvenient. The fact that each card must be stored separately makes them difficult for many people to use. As a result, people who carry several RFID-enabled cards will need to buy extra sleeves or swap out their cards often. By providing universal safety for all surrounding RFID cards without the need for separate storage, SafeCard removes this inconvenience. Emma R., a verified buyer. recounted her experience, pointing out that SafeCard is so discreet that she hardly notices it’s there and that it performs better than RFID wallets or sleeves.

    Another area in which SafeCard performs better than conventional RFID sleeves is durability. Many sleeves are composed of thin fabrics that eventually rip, deteriorate, or lose their usefulness. SafeCard, on the other hand, is made to endure regular use and has dustproof and water-resistant components that guarantee long-term use. Users don’t have to bother with inefficient shielding or the need to replace worn-out sleeves on a regular basis. The SafeCard is an excellent investment for digital security and definitely superior to RFID and sleeves.

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    Shocking Myths and Truths About SafeCard (SafeCard Shield Reviews)

    As a dependable defense against illegal RFID scanning, SafeCard has grown in popularity in the USA as well as other countries of the world, but like many security devices, it has also been shrouded in rumors and false beliefs. It’s important to distinguish fact from fiction in order to appreciate SafeCard’s true worth. The most common myths and the facts that refute them are listed below.

    Myth 1: SafeCard Is Just Another RFID Sleeve

    The idea that SafeCard works in the same way as a conventional RFID sleeve is among the most common fallacies. Many people believe that passive blocking using material layers is the same approach used by all RFID shielding. This is not at all the case, though. SafeCard is an instant RFID-blocking device that blocks scanning attempts in real time. In contrast to RFID sleeves, which, depending on their quality, can still permit some signals to get through, SafeCard automatically blocks attempts at data compromise.

    Myth 2: RFID Skimming Isn’t a Real Threat

    There is no actual risk of card information being taken electronically, according to those who think RFID skimming is an overblown problem. However, innumerable instances have demonstrated that physical contact is not necessary to compromise RFID-enabled cards. High-tech scammers have targeted travelers in particular, using concealed RFID scanners to collect card information in crowded places like airports and public transportation. Hannah L., a verified buyer. “I’ve had my cards skimmed in airports twice, and it was terrifying,” she said, sharing her story. I truly feel safe when traveling now that I have SafeCard.” This actual case demonstrates that RFID skimming is a genuine and expanding issue.

    Myth 3: SafeCard Is Bulky and Inconvenient

    Some people believe that RFID-blocking devices must be bulky. Well, this might be the case with large wallets that prevent RFID, but SafeCard was made to be portable and convenient. It is lightweight, slim, and fits neatly into any purse or wallet without taking up much space. As confirmed purchaser Emma R. stated, “I’ve previously used RFID wallets, but they were cumbersome and inconvenient. I don’t even realize SafeCard is there, yet it works so much better! “

    Myth 4: SafeCard Requires Constant Charging

    Some people feel that SafeCard is stressful for daily usage because it requires frequent recharging. On the other hand, SafeCard does not need charging at all. It will continue to work 24/7 without needing a battery.

    Myth 5: RFID-Blocking Products Are Unnecessary if You Have a Chip Card

    Many people believe that current chip-enabled debit and credit cards are sufficiently safe and don’t need extra RFID protection. When the card is only in a pocket or wallet, chip technology does not stop unwanted RFID scanning, even though it helps improve security during transactions. By providing an additional layer of security, SafeCard prevents hackers from stealing your data without your knowledge.

    Truth: SafeCard Offers Genuine Security and Peace of Mind

    Despite all of the fallacies, SafeCard is still a legit and useful card for safeguarding personal and financial data. Verified customers have continuously commended its dependability, use, and capabilities. One happy client, Aubree R., said, “I purchased a SafeCard for my family and myself. It’s so simple to use, and I feel more at ease every day knowing that we’re all safe. Ultimately, SafeCard stands out as a reliable, efficient, and user-friendly defense against RFID skimming.

    Step-by-Step Guide on How to Use SafeCard (SafeCard Instructions)

    Using SafeCard is simple and requires no complicated setup. Follow these steps to ensure maximum protection:

    • Step 1: Unbox your newly purchased SafeCard; the good thing is that you don’t need to charge it.
    • Step 2: Insert SafeCard alongside your credit, debit, or ID cards in your wallet or purse.
    • Step 3: SafeCard activates instantly, creating a shield that blocks RFID scanning attempts.
    • Step 4: You can now travel safely because the SafeCard will continue to work as long as it’s in the same wallet with your cards.

    Is SafeCard Legit?

    Many customers are understandably wary of security products given the rising risk of identity theft, digital fraud and probably previous bad experiences with the traditional RFID wallets. Devices with big claims but that fall short are common in the market, which makes people skeptical of SafeCard and similar tools. However, SafeCard’s authenticity is strongly supported by verified customer feedback, demonstrating that it is a valid and trustworthy RFID-blocking device.

    The SafeCard ensures that all your sophisticated RFID-enabled cards, including credit cards, debit cards, passports, and access badges, cannot be scanned without your notice. Unlike conventional blocking sleeves, SafeCard instantly recognizes and blocks scanning efforts in real time. Users attest to the product’s effectiveness; one verified customer, Hannah L., reports that SafeCard has already prevented many scanning attempts while on the road. Her story demonstrates how the product offers genuine defense against possible fraud.

    Numerous consumers have expressed their satisfaction, demonstrating that SafeCard prevents RFID scans and differs from subpar substitutes that don’t provide any true protection. Months of protection are guaranteed with any need for battery changes.

    The overwhelmingly positive reviews left by actual users are one of the best proofs of SafeCard’s legitimacy. Clients such as Rachel T. along with Melissa H., have reported how using SafeCard has prevented them from falling victim to financial fraud in public places. It is a worthy option for travelers because of its lightweight construction, TSA-approved design, and universal compatibility. These practical experiences attest to SafeCard’s status as a reliable security card rather than just another gimmick. SafeCard is by no means a hoax

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    What Makes the SafeCard So Affordable?

    The cost of SafeCard actually surprised many users; We mean, how can a product made to prevent RFID theft be so reasonably priced in a market filled with products with high price tags yet claim superior protection? Unlike expensive RFID-blocking wallets or expensive high-tech security devices, SafeCard provides an affordable option without sacrificing efficacy or quality.

    The simplified design of SafeCard is a major factor in its price. Instead of bundling unnecessary features that inflate the price, SafeCard focuses solely on delivering reliable RFID-blocking technology in a compact form. It doesn’t need a large structure or pricey components; production costs were kept low while still providing excellent protection against digital theft.

    Additionally, SafeCard is sold directly through its official website, cutting out middlemen and reducing extra retail markups. Many security products go through multiple distribution channels before reaching the customer, which significantly raises their final price. By offering SafeCard online without relying on third-party sellers, the manufacturer ensures that buyers get the best price possible without paying unnecessary commissions or inflated retail costs.

    Another reason SafeCard remains affordable is its long-lasting design. Unlike disposable RFID sleeves that need frequent replacement or wallets that wear out over time, SafeCard is built to last. With a durable, non-battery-powered system, it provides continuous protection without requiring users to spend extra on replacements. SafeCard proves that high-quality security doesn’t have to come with a premium price. You can give it a try right away!

    SafeCard Reviews Consumer Reports From United States, Canada, Australia

    Verified Customer Reviews from real users have been included below to help you see the SafeCard from a user perspective:

    • Hannah L. | Verified Purchase -“I’ve had my cards skimmed in airports twice, and it was terrifying. Since using SafeCard, I finally feel safe while traveling. It’s lightweight, discreet, and has stopped several attempted scans already.”
    • Rachel T |Verified Purchase – “While traveling through Rio, I discovered my bank account had been drained by scammers. I was devastated. A fellow traveler recommended SafeCard, and it’s been a lifesaver ever since. No more stolen data, no more stress. Now I can travel with confidence knowing my wallet is secure.”
    • Aubree R. | Verified Buyer – “I got SafeCard for myself and my family. It’s so easy to use, and knowing we’re all protected gives me peace of mind every day. It’s worth every penny!”
    • Emma R. | Verified Buyer – “I’ve used RFID wallets before, but they were bulky and annoying. SafeCard works so much better, and I don’t even notice it’s there!”
    • Melissa H.| Verified Purchase – “I love going to holiday markets, but after watching my friend lose hundreds to a scammer, I knew I needed protection. SafeCard blocks thieves silently, and I haven’t had an issue since. It’s the best purchase I’ve made for my security!”

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    Pros of SafeCard (SafeCard Reviews)

    • SafeCard effectively prevents unauthorized scanning of credit cards, debit cards, passports, and access cards, protecting users from digital theft.
    • Unlike bulky RFID-blocking wallets, SafeCard is ultra-thin and easily fits into any standard wallet, making it a convenient security solution.
    • No batteries or recharging needed
    • SafeCard works with RFID-enabled cards, including credit/debit cards, transit passes, and passports, making it a versatile security tool.
    • SafeCard does not interfere with airport security checks, making it perfect for frequent travelers who need reliable protection.
    • Built with durable materials, SafeCard offers reliable performance at all times
    • There is no setup required; simply place SafeCard in a wallet or purse alongside other cards, and it automatically starts protecting them.
    • SafeCard is available exclusively on its official website, eliminating middlemen and keeping costs lower than competing RFID security devices.

    Cons of SafeCard (SafeCard Reviews)

    • Limited Availability – SafeCard is only sold through the official website, making it difficult for users who prefer purchasing from retail stores or third-party platforms.
    • Not Effective Against Physical Theft – While SafeCard protects against RFID skimming, it does not prevent physical card theft, meaning users still need to be cautious about losing their wallets.
    • Limited in stock – The SafeCard is fast selling out, so hurry while supplies last, and you benefit from the current available discounts.

    How Much Is A SafeCard?

    The SafeCard is available at a really affordable price. You can get your own SafeCard at the following pricing:

    Where Can I Buy SafeCard At The Best Pricing?

    For those looking to purchase SafeCard, the best and most reliable place to buy it is the official website. Buying directly from the official source ensures that customers receive a genuine, high-quality product with all the promised features and benefits. With the rise in counterfeit and substandard RFID protection products, purchasing from unauthorized third-party sellers can pose risks, including receiving an ineffective or fake version of SafeCard.

    Ordering from the official website also comes with several advantages. Customers often gain access to exclusive discounts, bundle deals, and special promotions that are not available elsewhere. Additionally, purchasing directly from the manufacturer ensures better customer support, warranty protection, and hassle-free returns in case of any issues.

    Another key benefit of buying from the official website is the guarantee of security and privacy. Unlike some third-party marketplaces where seller credibility may be uncertain, the official website provides a secure checkout process that protects customers’ personal and payment information.
    Many verified buyers have shared their positive experiences after purchasing SafeCard directly from the manufacturer. The process is straightforward, and orders are typically shipped quickly to ensure fast and reliable delivery.

    To avoid counterfeit products and ensure authentic RFID protection, purchasing SafeCard from the official website is the smartest choice. Visit the manufacturer’s website today to secure personal and financial information with this trusted, high-quality security solution.

    CLICK HERE NOW TO BUY SAFECARD DIRECTLY FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT

    Commonly Asked Questions (SafeCard Wallet)

    With so much information available, it’s natural to have questions before making a purchase. The comprehensive FAQ section below answers the most common queries about SafeCard, helping you understand the RFID blocking card better.

    Is SafeCard different from RFID-blocking wallets?

    Yes, SafeCard is not just different but better. While RFID-blocking wallets and sleeves rely on a physical barrier to block signals, SafeCard uses the latest technology to neutralize skimming attempts in real time. Additionally, it is slim and lightweight, allowing you to use your existing wallet without adding bulk.

    Do I need a special wallet to use SafeCard?

    No, SafeCard is designed to work with any wallet, purse, or cardholder. Simply place it next to your credit or debit cards, and it will provide instant protection against RFID skimming.

    What types of cards does SafeCard protect?

    SafeCard is compatible with all RFID-enabled cards, including:

    • Credit and debit cards
    • Transit and metro cards
    • Passports with RFID chips
    • Work and access cards
    • Hotel key cards

    How many SafeCards do I need?

    One SafeCard is usually enough to protect multiple cards in a standard wallet. However, if you carry multiple wallets or bags, purchasing an extra SafeCard for each would ensure full protection.

    Is SafeCard effective against all types of digital theft?

    SafeCard is highly effective against RFID skimming, a common form of digital theft where criminals use scanners to steal card data wirelessly. However, it does not protect against physical card theft.

    Does SafeCard require charging?

    No. The SafeCard doesn’t require charging, so it will continue to work in all circumstances.

    Can SafeCard be used while traveling?

    Yes, SafeCard is TSA-approved and safe for travel, so it will work in the USA, Canada, Australia, New Zealand and other countries of the world. Unlike metal RFID wallets that might trigger airport security detectors, SafeCard does not interfere with screening processes, making it ideal for frequent travelers.

    Will SafeCard interfere with my phone or other electronics?

    No, SafeCard does not affect mobile phones, Wi-Fi signals, or other electronic devices. It only blocks RFID scanners from reading your card data, ensuring that your personal electronics remain unaffected.

    Is SafeCard waterproof?

    Yes, SafeCard is built with water and dust-resistant materials, making it durable for everyday use. However, it is not fully submersible, so it is best to avoid prolonged exposure to water..

    Does SafeCard wear out over time?

    SafeCard is designed to be durable and long-lasting. With proper care, it will continue to provide RFID-blocking protection for years.

    Can SafeCard be used in a minimalist wallet?

    Yes, SafeCard’s slim design makes it perfect for minimalist wallets. Unlike bulky RFID-blocking wallets, it takes up minimal space while offering superior protection.

    Is SafeCard safe to use?

    Absolutely. SafeCard does not emit harmful radiation or interfere with health devices. It is completely safe to carry in a wallet or purse daily.

    What Are The Benefits Of SafeCard?

    SafeCard provides a very important defense against RFID skimming, stopping illegal access to your financial and personal information. Its lightweight, sleek design offers security without adding bulk and fits easily into any wallet. Travelers, shoppers, and regular users will enjoy the SafeCard’s long-lasting build.

    Can SafeCard protect against contactless payment scammers?

    Yes, SafeCard prevents unauthorized RFID scans, which are commonly used in contactless payment fraud. By blocking these signals, SafeCard ensures that criminals cannot access your card information without your consent.

    Why should I choose SafeCard over other RFID protection methods?

    SafeCard provides a combination of slim design, real-time protection, and universal compatibility, making it one of the most advanced RFID-blocking devices available.

    Final Wrap on SafeCard Reviews

    The SafeCard fulfills its claims according to all available data, consumer reports and complaints. Even discussions on Reddit and Trustpilot agree that the SafeCard is a worthy investment. With its advanced shielding technology, slim design, and ease of use, SafeCard makes sure your private information stays private.

    Many users have shared how SafeCard has helped them stay safe from fraud and financial loss. Rachel T., a verified buyer, recounted her experience: “While traveling through Rio, I discovered my bank account had been drained by scammers. A fellow traveler recommended SafeCard, and it’s been a lifesaver ever since.” This highlights how common digital theft is and why proactive protection is necessary.

    SafeCard also stands out for its convenience. Unlike bulky RFID wallets, it’s compact and discreet. Emma R. praised its design, saying: “I’ve used RFID wallets before, but they were bulky and annoying. SafeCard works so much better, and I don’t even notice it’s there!” This ease of use makes it a preferred choice for those who want to stay safe without the bulk.

    Investing in SafeCard is a smart step toward protecting finances and identity. With SafeCard, you will stay ahead of scammers and enjoy your trips knowing that your personal data is secure. Hurry while offers last!

    SPECIAL OFFER: Click Here To Buy SafeCard From The Official Website — up to 50% OFF, only while stock lasts!

    Contact: SafeCard
    Email: support@safecardshield.com

    Disclaimer:
    This article is intended for informational and educational purposes only. It does not constitute professional, legal, or cybersecurity advice. While SafeCard may help reduce the risk of RFID-based digital theft, no security product can guarantee 100% protection in all scenarios. Individual results may vary based on usage and other factors. Always exercise general caution and follow best practices when safeguarding your financial and personal data. The publisher and all parties involved in the creation and distribution of this content are not liable for any misuse, loss, or damages arising from the use or reliance on the information provided herein. Always consult the official product website or customer support for the most accurate and updated details.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/73cfc771-032a-4dcd-b2b0-d26ecb66dcc6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d29cc163-cb6a-4c66-8edf-2f62994e3c33

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b8ff53aa-ffa8-40dc-a79b-e77933daa881

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f88be7c1-c53a-483c-8063-ef12d643d7d6

    The MIL Network –

  • MIL-OSI: ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision

    Source: GlobeNewswire (MIL-OSI)

    LIMASSOL, CYPRUS, March 29, 2025 (GLOBE NEWSWIRE) — Avenix Fzco has unveiled ForexIGO, an advanced multi-market trading bot designed to automate strategies for both gold (XAUUSD) and the British pound against the US dollar (GBPUSD), offering traders a streamlined approach to diversification. Automated trading has come a long way, versatility matters more than ever. Traders are increasingly looking beyond single-market bots and toward solutions that can handle multiple assets at once. This shift has sparked growing interest in multi-market trading bots – systems designed to navigate different markets simultaneously, spreading risk and boosting opportunity. One such tool is ForexIGO, developed by Avenix Fzco, which brings together smart automation for both gold (XAUUSD) and the British pound against the US dollar (GBPUSD).

    Why Multi-Market Trading Bots Are Gaining Ground

    Traditional trading bots often zeroed in on a single market or asset. Today, though, financial markets move fast and unpredictably, pushing the rise of bots that can handle multiple asset classes. This approach helps traders spread risk and seize opportunities across a wider landscape, less reliance on one market, more room to adapt.

    Dual-Asset Focus with Practical Precision

    ForexIGO is carefully crafted to trade both XAUUSD and GBPUSD on the M30 timeframe. This dual-asset focus gives traders the ability to shift between markets based on conditions or strategy, offering greater control and the potential for stronger returns. It’s a practical way to diversify without overcomplicating the process.

    How ForexIGO Makes It Work

    It stands out for its smart market analysis, decoding price action, indicators, and candlestick patterns like bullish or bearish engulfing to deliver clear, confident trade signals.

    Built-In Risk Controls for Real-World Markets

    Capital preservation remains central to ForexIGO’s strategy. Stop-loss and take-profit ratios are tailored to each market: for gold, the take profit is set at 1.5 times the stop loss, striking a thoughtful balance. For GBPUSD, it opts for a 1:1 ratio, tailored to the pair’s dynamics. This structured approach maximizes potential gains while keeping losses in check.

    Smart Limits and Continuous Monitoring

    To prevent overexposure, ForexIGO limits active positions, handling one gold position at a time and up to four concurrent GBP/USD trades. Its 24/5 monitoring ensures it remains alert across market sessions, offering consistent oversight without requiring the trader to be glued to a screen.

    Looking Ahead

    As traders move toward diversification and smarter automation, tools like ForexIGO offer a balanced, hands-on approach to navigating complex markets, without adding extra complexity.

    About ForexIGO

    ForexIGO delivers cutting-edge trading solutions, empowering traders to navigate the complexities of Gold and GBP/USD markets with precision. Backed by a team of market experts and algorithmic specialists, ForexIGO continuously evolves, leveraging innovation to provide a competitive edge. Learn more at https://forexigo.com/.

    Media contact

    Brand: ForexIGO

    Contact: PR team

    Email: support@forexigo.com

    Website: https://forexigo.com/

    The MIL Network –

  • MIL-OSI: WiseChain.io Unveils AI-Powered Social Trading and Tailored Investment Solutions for Canadians and Seniors

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, March 28, 2025 (GLOBE NEWSWIRE) — WiseChain.io, a global leader in next-generation trading technology, announces the launch of its cutting-edge AI-driven social trading platform, now available exclusively to its elite clients. This breakthrough solution enables users to mirror strategies of top-performing traders through advanced, automated bots — delivering precision, speed, and real-time adaptability.

    By integrating automation with artificial intelligence, WiseChain.io redefines the modern investing experience. The platform is ideal for both beginners and professionals, empowering users to benefit from expert-level trading without needing deep financial expertise.

    A Trusted Partner for Canadian Investors

    For Canadian clients, WiseChain.io offers a secure, fully compliant platform that operates under strict international standards. With rigorous KYC and AML protocols, segregated fund storage, and end-to-end encryption, users can trade confidently in a transparent and legally sound environment. Bilingual support in English and French, combined with access to a broad range of markets — including forex, crypto, stocks, commodities, and ETFs — positions WiseChain.io as a top choice for Canadian investors.

    Empowering Seniors Toward Financial Independence

    Understanding the needs of older investors, WiseChain.io also provides a user-friendly and low-risk environment tailored to individuals over 50. With step-by-step guidance, flexible strategies, and minimal commissions, seniors can easily manage their savings, build passive income, and secure a more comfortable retirement — even without prior trading experience.

    Thousands of users have already embraced WiseChain.io as their partner in financial growth, thanks to its intuitive design, 24/7 customer support, and clear educational resources.

    Discover the Future of Smart Investing

    Whether you’re a high-net-worth trader, a cautious retiree, or a Canadian investor looking for a reliable platform, WiseChain.io offers the tools, technology, and transparency to help you succeed.

    Visit wisechain.io to start your journey toward smarter, safer investing.

    Social Links

    Media Contact

    Brand: WiseChain

    Contact: media team

    Email: support@wisechain.io

    Website: https://wisechain.io

    The MIL Network –

  • MIL-OSI: Partners Value Investments Inc. Announces 2024 Annual Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — Partners Value Investments Inc. (the “Company”, TSX: PVF.WT, PVF.PR.V) announced today its financial results for the year ended December 31, 2024. All amounts are stated in U.S. dollars.

    The Company recorded net loss of $3.8 billion for the year ended December 31, 2024, compared to $333 million in the prior year. The decrease in income was primarily attributable to the current year remeasurement losses associated with the retractable shares and warrant liabilities, partially offset by higher investment income and valuation gains as well as foreign currency gains compared to the prior year. The Company’s retractable common shares are classified as liabilities due to their cash retraction feature. The remeasurement gains or losses in a given period are driven by the respective appreciation or depreciation of the Partners Value Investments L.P. (the “Partnership”) unit price as the exchangeable shares are recognized at fair value based on the quoted price of the Partnership’s Equity LP units. During the year, the Partnership unit price increased by $51.79 compared to $4.96 in the prior year.

    Excluding retractable share and warrant liability remeasurement gains and dividends paid on retractable shares, Adjusted Earnings for the Company was $122 million for the year ended December 31, 2024, compared to $27 million in the prior year. Adjusted Earnings were higher in the current year as a result of higher investment income and valuation gains as well as foreign currency gains.

    As at December 31, 2024, the market prices of a Brookfield Corporation (the “Corporation”, NYSE/TSX: BN) and Brookfield Asset Management Ltd. (the “Manager”, NYSE/TSX: BAM) share were $57.45 and $54.19, respectively. As at March 28, 2025, the market prices of a BN and BAM share were $51.85 and $48.50, respectively.

    Consolidated Statements of Operations

    For the years ended December 31
    (Thousands, US dollars)    		      
                2024       2023    
    Investment income                      
    Dividends           $ 108,428     $ 96,269    
    Other investment income             18,607       11,802    
                  127,035       108,071    
    Expenses                      
    Operating expenses             (5,553 )     (5,843 )  
    Financing costs             (38,777 )     (35,210 )  
    Retractable preferred share dividends             (33,399 )     (35,456 )  
                  (77,729 )     (76,509 )  
    Other items                      
    Investment valuation gains (losses)             5,703       (6,237 )  
    Retractable share remeasurement losses             (3,575,080 )     (281,451 )  
    Warrant liability remeasurement losses             (306,473 )     (52,694 )  
    Amortization of deferred financing costs             (3,506 )     (3,380 )  
    Foreign currency gain (loss)             53,280       (15,983 )  
    Current tax expense             (3,514 )     (1,270 )  
    Deferred tax expense             (7,489 )     (3,280 )  
    Net loss           $ (3,787,773 )   $ (332,733 )  


    Financial Profile

    The Company’s principal investments are its interest in 121 million Class A Limited Voting Shares of the Corporation and approximately 31 million Class A Limited Voting Shares of the Manager. This represents approximately an 8% interest in the Corporation and a 7% interest in the Manager as at December 31, 2024. In addition, the Company owns a diversified investment portfolio of marketable securities and private fund interests.

    The information in the following table has been extracted from the Company’s Consolidated Statements of Financial Position:

    Consolidated Statements of Financial Position

    As at
    (Thousands, US dollars)    		       December 31,
    2024    		       December 31,
    2023    		  
    Assets              
    Cash and cash equivalents     $ 156,952     $ 199,856  
    Accounts receivable and other assets       69,776       31,456  
    Deferred tax assets       —       4,309  
    Investment in Brookfield Corporation1       6,949,656       4,853,261  
    Investment in Brookfield Asset Management Ltd.2       1,669,488       1,237,554  
    Other investments carried at fair value       1,141,048       889,398  
          $ 9,986,920     $ 7,215,834  
    Liabilities and Equity              
    Accounts payable and other liabilities     $ 42,824     $ 34,916  
    Corporate borrowings       208,168       225,789  
    Preferred shares3       703,044       757,254  
    Retractable common shares       7,312,467       3,718,510  
    Warrant liability       494,710       218,051  
    Deferred tax liabilities       7,933       —  
            8,769,146       4,954,520  
    Equity              
    Accumulated deficit       (6,821,786 )     (3,034,013 )
    Accumulated other comprehensive income       8,027,580       5,283,347  
    Non-controlling interest       11,980       11,980  
          $ 9,986,920     $ 7,215,834  
    1. The investment in Brookfield Corporation consists of 121 million Corporation shares with a quoted market value of $57.45 per share as at December 31, 2024 (December 31, 2023 – $40.12).
    2. The investment in Brookfield Asset Management Ltd. consists of 31 million Manager shares with a quoted market value of $54.19 per share as at December 31, 2024 (December 31, 2023 – $40.17).
    3. Represents $712 million of retractable preferred shares less $9 million of unamortized issue costs as at December 31, 2024 (December 31, 2023 – $767 million less $10 million).

    For further information, contact Investor Relations at ir@pvii.ca or 416-643-7621.

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian securities regulations. The words “potential” and “estimated” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify forward-looking information.

    Although the Company believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond its control, which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Company’s documents filed with the securities regulators in Canada.

    The Company cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on the Company’s forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements and information, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Partners Value Investments L.P. Announces 2024 Annual Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”, TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the year ended December 31, 2024. All amounts are stated in U.S. dollars.

    The Partnership recorded net income of $74 million for the year ended December 31, 2024, compared to $15 million in the prior year. The increase in income was primarily driven by higher investment income and valuation gains as well as foreign currency gains. Income of $65 million was attributable to the Equity Limited Partners, and $9 million was attributable to Preferred Limited Partners.

    As at December 31, 2024, the market prices of a Brookfield Corporation (the “Corporation”, NYSE/TSX: BN) and Brookfield Asset Management Ltd. (the “Manager”, NYSE/TSX: BAM) share were $57.45 and $54.19, respectively. As at March 28, 2025, the market prices of a BN and BAM share were $51.85 and $48.50, respectively.

    Consolidated Statements of Operations

    For the years ended December 31      
    (Thousands, US dollars)       2024       2023  
    Investment income              
    Dividends     $ 95,071     $ 85,114  
    Other investment income       18,609       11,802  
            113,680       96,916  
    Expenses              
    Operating expenses       (6,552 )     (6,156 )
    Financing costs       (10,136 )     (9,484 )
    Retractable preferred share dividends       (39,879 )     (41,954 )
            (56,567 )     (57,594 )
                   
    Other items              
    Investment valuation gains (losses)       5,703       (6,237 )
    Amortization of deferred financing costs       (3,506 )     (3,380 )
    Foreign currency gains (losses)       25,519       (10,435 )
    Current taxes expense       (3,514 )     (1,270 )
    Deferred taxes expense       (7,489 )     (3,280 )
    Net income     $ 73,826     $ 14,720  
     

    The information in the following table shows the changes in net book value:

    For the years ended December 31 2024   2023
    (Thousands, except per unit amounts)   Total        Per Unit      Total       Per Unit
    Net book value, beginning of year1 $ 5,783,620     $ 70.74   $ 4,656,824     $ 57.60
    Net income2   65,054             5,368        
    Other comprehensive income2   2,690,274             1,443,806        
    Adjustment for impact of warrants1   (148,510 )           (89,755 )      
    Re-organization3   —             98,318        
    Distribution3   —             (327,850 )      
    Equity LP repurchases   (14,756 )           (3,091 )      
    Net book value, end of year4 $ 8,375,682     $ 102.80   $ 5,783,620     $ 70.74
    1. Calculated on a fully diluted basis. Net book value is a non‐IFRS measure used by management to measure the value of an Equity Limited Partnership (“Equity LP”) unit on a fully diluted basis. It is equal to total equity less General Partner equity, Preferred Limited Partners’ equity,
      non-controlling interests’ equity plus the value of consideration to be received on exercising of warrants, which as at December 31, 2024, was
      $114 million (December 31, 2023 – $263 million).
    2. Attributable to Equity Limited Partners.
    3. As a result of the 2023 re-organization, the Partnership issued net equity of $98 million and a distribution-in-kind of $328 million of net assets to Equity Limited Partners.
    4. At the end of the year, the diluted Equity LP units outstanding were 81,474,610 (December 31, 2023 – 81,760,920); this includes 5,640,600 (December 31, 2023 – nil) Equity LP units exchangeable on a one-for-one basis with shares held by a non-wholly owned subsidiary, and units issued through the exercise of all outstanding warrants; including 585,938 (December 31, 2023 – 26,085,938) warrants held by partially-owned subsidiaries of the Partnership.

    Financial Profile

    The Partnership’s principal investments are its interest in approximately 121 million Class A Limited Voting Shares of the Corporation and approximately 31 million Class A Limited Voting Shares of the Manager. This represents approximately an 8% interest in the Corporation and a 7% interest in the Manager as at December 31, 2024. In addition, the Partnership owns a diversified investment portfolio of marketable securities and private fund interests.

    The information in the following table has been extracted from the Partnership’s Consolidated Statements of Financial Position:

    Consolidated Statements of Financial Position

    As at
    (Thousands, US dollars)    		     December 31, 2024       December 31, 2023
    Assets              
    Cash and cash equivalents   $ 156,977     $ 199,856
    Accounts receivable and other assets     48,924       31,416
    Deferred tax asset     —       4,309
    Investment in Brookfield Corporation1     6,949,656       4,853,261
    Investment in Brookfield Asset Management Ltd.2     1,669,488       1,237,554
    Other investments carried at fair value     814,877       612,009
        $ 9,639,922     $ 6,938,405
    Liabilities and equity              
    Accounts payable and other liabilities   $ 42,055     $ 34,150
    Corporate borrowings     208,168       225,789
    Preferred shares3     939,057       993,267
    Deferred tax liability     7,933       —
          1,197,213       1,253,206
    Equity              
    Equity Limited Partners     8,261,639       5,521,067
    General Partner4     —       —
    Preferred Limited Partners     152,040       152,152
    Non-controlling interests     29,030       11,980
          8,442,709       5,685,199
        $ 9,639,922     $ 6,938,405
    1. The investment in the Corporation consists of 121 million Corporation shares with a quoted market value of $57.45 per share as
      at December 31, 2024 (December 31, 2023 – $40.12).
    2. The investment in the Manager consists of 31 million Manager shares with a quoted market value of $54.19 per share as at December 31, 2024 (December 31, 2023 – $40.17).
    3. Represents $712 million of retractable preferred shares less $9 million of unamortized issue costs as at December 31, 2024
      (December 31, 2023 – $767 million less $10 million) and $236 million of three series of preferred shares (December 31, 2023 – $236 million).
    4. In connection with the 2023 re‐organization of Partners Value Investments LP on November 24, 2023, the General Partner’s interest was reduced to $1 from $1 thousand in the prior year.

    For further information, contact Investor Relations at ir@pvii.ca or 416-643-7621.

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian securities regulations. The words “potential” and “estimated” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify forward-looking information.

    Although the Partnership believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond its control, which may cause the actual results, performance or achievements of the Partnership to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Partnership’s documents filed with the securities regulators in Canada.

    The Partnership cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on the Partnership’s forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the Partnership undertakes no obligation to publicly update or revise any forward-looking statements and information, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Partners Value Split Corp. Announces 2024 Annual Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”, TSX: PVS.PR.G, PVS.PR.H, PVS.PR.I, PVS.PR.J, PVS.PR.K, PVS.PR.L) announced today that the net asset value per unit was $171.41 at December 31, 2024 (December 31, 2023 – $124.10). All amounts are in U.S. dollars.

    Income available for distribution for the year ended December 31, 2024, was $85 million, compared to $73 million in the prior year. The increase in income was primarily attributable to the increase in dividend rate per share by Brookfield Corporation (the “Corporation”) and Brookfield Asset Management Ltd. (the “Manager”). During the year ended December 31, 2024, the Company declared and paid dividends in the amount of $79 million
    (December 31, 2023 – $50 million) to the holders of its capital shares.

    The net comprehensive income for the year ended December 31, 2024, of $2.6 billion was primarily driven by unrealized mark-to-market movement on the share prices of the Corporation and the Manager shares. The Corporation share price was $57.45 as at December 31, 2024 (December 31, 2023 – $40.12) and the Manager share price was $54.19 as at December 31, 2024 (December 31, 2023 – $40.17).

    The Company’s capital shares, and preferred shares are referred to collectively as units, with each unit consisting of one capital share and one preferred share (“unit”). The net asset value per unit is posted monthly on our website at www.partnersvaluesplit.com.

    STATEMENTS OF COMPREHENSIVE INCOME

    For the years ended December 31
    (Thousands of US dollars, except per unit amounts)    		     2024       2023  
    Income            
    Dividend income   $ 83,728     $ 71,767  
    Other investment income     1,265       1,817  
          84,993       73,584  
    Expenses            
    Management fees     (18)       (19)  
    Audit fees     (25)       (21)  
    Administrative and other     (327)       (278)  
          (370)       (318)  
    Income available for distribution     84,623       73,266  
    Distributions paid on senior preferred shares and debentures     (31,011)       (31,859)  
    Income available for distribution to junior preferred and capital shares     53,612       41,407  
    Change in unrealized and realized value of investment     2,491,751       1,379,718  
    Amortization of share issuance costs     (3,211)       (3,233)  
    Unrealized foreign exchange gain (loss)     72,344       (19,872)  
    Net comprehensive income   $ 2,614,496     $ 1,398,020  
    Comprehensive income per unit   $ 53.64     $ 28.71  
    Quarterly distribution rate per senior preferred share (C$)              
      –         Class AA, Series 9     0.3063       0.3063
      –         Class AA, Series 10     0.2938       0.2938
      –         Class AA, Series 11     0.2969       0.2969
      –         Class AA, Series 12     0.2750       0.2750
      –         Class AA, Series 13     0.2781       0.2781
      –         Class AA, Series 14     0.3438       N/A

    As at December 31, 2024, the Company owned 120 million Class A Limited Voting shares of the Corporation, and 30 million Class A Limited Voting Shares of the Manager, which together generate cash flow through dividend payments that fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and provide the holders of the Company’s capital shares the opportunity to participate in any capital appreciation of the Brookfield shares.

    Brookfield Corporation is a leading global investment firm focused on building long‐term wealth for institutions and individuals around the world. This capital is allocated across three core businesses: asset management, wealth solutions and operating businesses. The Corporation is listed on the New York and Toronto Stock Exchanges under the symbol BN and BN.TO respectively. The Company’s investment in Corporation represents approximately an
    8% interest in the Corporation.

    Brookfield Asset Management Ltd. is a leading global alternative asset manager with over $1 trillion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit as of December 31, 2024. The Manager is listed on the New York and Toronto Stock Exchanges under the symbol BAM and BAM.TO respectively. The Company’s investment in Manager represents approximately a 7% interest in the Manager.

    For further information, contact Investor Relations at 416-643-7621.

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “generate” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking information. Forward-looking information in this news release includes statements with regard to the generation of cumulative preferential dividends for the holders of the Company’s preferred shares and potential participation by the holders of the Company’s capital shares in the capital appreciation of Brookfield Shares.

    Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Company’s documents filed with the securities regulators in Canada.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s most recent Annual Information Form for a description of the major risk factors.

    The MIL Network –

  • MIL-OSI: Summit State Bank Reports Revised Fourth Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SANTA ROSA, Calif., March 28, 2025 (GLOBE NEWSWIRE) — Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported that it has revised its fourth quarter and full year 2024 financial results from those announced in the press release dated January 28, 2025. In connection with the preparation and review of its 2024 financial statements, the Bank has concluded it is necessary to record a $693,000 other real estate owned valuation adjustment, a $146,000 increase in reserve for unfunded loans, and a $76,000 credit loss provision reversal for the fourth quarter 2024. The need for the valuation adjustment results from an updated appraisal report obtained in the first quarter of 2025. The additional reserve for unfunded loans and provision reversal results from the Bank’s adoption of a new CECL model as of December 31, 2024. The valuation adjustment was expensed against noninterest income and also reduced the Bank’s other real estate owned asset. The additional reserve for undisbursed loans and the reversal of the credit losses on loans resulted in a net expense against the provision for credit losses. The income tax provision was adjusted accordingly for all changes noted above.

    After the impact adjustments as outlined above, the Bank’s preliminary, unaudited fourth quarter earnings estimate is revised to a net loss of $7,142,000, or $1.06 loss per diluted share, and full-year 2024 net loss of $4,193,000, or $0.62 loss per diluted share. The Bank previously reported preliminary, unaudited results for fourth quarter 2024 including net loss of $6,605,000 or $0.98 loss per diluted share, and full-year 2024 net loss of $3,656,000, or $0.54 loss per diluted share.

    Material Updates to Income Statement
    The Bank originally reported noninterest income of $1,373,000 in the fourth quarter of 2024 and $4,152,000 for full-year 2024. After the adjustment, noninterest income was reduced to $680,000 in the fourth quarter of 2024 and $3,459,000 for full-year 2024.

    The Bank originally reported total provision for credit losses of $6,652,000 in the fourth quarter of 2024 and $7,845,000 for full-year 2024. After the adjustment, total provision increased to $6,722,000 in the fourth quarter of 2024 and $7,915,000 for full-year 2024.

    Impact to Income Taxes
    The Bank’s revised effective tax rate for the twelve months ended December 31, 2024 was 4.4% compared to the previously reported effective tax rate of -0.8%.

    Updated Previously Furnished Earnings Materials
    For completeness, the Bank has included all previously announced financial results disclosures and related tables with this press release as revised. These results supersede the results previously disclosed in the January 28, 2025 press release.

    Revised Fourth Quarter 2024 Financial Results

    The Bank has a net loss of $7,142,000, or $1.06 loss per diluted share for the fourth quarter ended December 31, 2024, compared to net income of $1,901,000, or $0.28 per diluted share for the fourth quarter ended December 31, 2023. The current quarter’s results were impacted by expenses including a $6,570,000 provision for credit losses on loans and a $4,119,000 one-time non-cash impairment charge to write off the remaining balance of goodwill. The Bank has taken significant charge offs and provisions for credit losses in the fourth quarter of 2024 as a proactive step towards resolving its problem loans. The goodwill impairment was a result of the Bank’s stock price trading below book value and is a non-cash charge that does not impact the Bank’s cash flows, liquidity, or regulatory capital. The Bank ended the year with improved regulatory capital ratios and is focused on expanding net interest margin in 2025.

    For the year ended December 31, 2024, the Bank reported a net loss of $4,193,000, or $0.62 loss per diluted share compared to net income of $10,822,000, or $1.62 per diluted share for the year ended December 31, 2023. The 2024 net income loss was primarily attributable to annual provision for credit losses on loans totaling $7,882,000 and a one-time non-cash goodwill impairment expense of $4,119,000.

    Pre-tax, pre-provision net income before goodwill1 was $2,301,000 for the quarter ended December 31, 2024, compared to $2,122,000, $1,267,000, $1,955,000 and $2,643,000 for the quarters ended September 30, 2024, June 30, 2024, March 31, 2024, and December 31, 2023, respectively. “At the beginning of 2024, the Bank was negatively impacted by the ongoing strains that the high-interest rate environment put on our funding costs,” said Brian Reed, President and CEO. “By the fourth quarter of 2024, the Bank’s core operating results improved due to a lower cost of funds and improved noninterest income.”

    “The Bank continues to focus on maintaining strong capital levels and did that effectively in 2024 by strategically managing the balance sheet and suspending cash dividends. As such, the Board determined it will also suspend cash dividends in the first quarter of 2025 so that we can build capital, increase liquidity, and position the Bank to create long-term value for our shareholders.”

    “The largest negative impact on the Bank’s performance in 2024 was a result of the heightened level of non-performing assets,” said Reed. “We have been aggressively pursuing solutions to these problem loans and have reduced our non performing loans by $9,160,000 in the fourth quarter of 2024. We anticipate non performing loans will be further reduced by $18,187,000 in the first half of 2025 as a result of loan payoffs from the sale of collateral that is currently under contract to be sold.”

    “We are headed into 2025 feeling positive about our prospects subsequent to our significant progress in resolving problem loans. We continue to maintain our well capitalized status and sufficient liquidity after having realized successive quarters of improved net operating income results,” concluded Reed.

    Fourth Quarter 2024 Financial Highlights (at or for the three months ended December 31, 2024)

    • The Bank’s Tier 1 Leverage ratio increased to 8.87% at December 31, 2024 compared to 8.85% at December 31, 2023. This ratio remains above the minimum of 5% required to be considered “well-capitalized” for regulatory capital purposes.
    • The Bank has implemented numerous operating cost saving initiatives including an 8% reduction in force.
    • The Bank’s annualized loss on average assets and annualized loss on average equity for the fourth quarter of 2024 was 2.59% and 28.05%, respectively. The pre-tax, pre-provision return on average assets before goodwill1 and pre-tax, pre-provision return on average equity before goodwill1 in the fourth quarter would have been 0.83% and 9.04%, respectively.
    • Net income was a loss of $7,142,000 for the fourth quarter of 2024. Pre-tax, pre-provision net income before goodwill1 was $2,301,000 for the fourth quarter of 2024 compared to $2,122,000, $1,267,000, $1,955,000 and $2,643,000 for the quarters ended September 30, 2024, June 30, 2024, March 31, 2024, and December 31, 2023, respectively.
    • Collateral relating to two of the non performing loans is in contract to sell in the first half of 2025 and the expected proceeds represent 65% or $18,010,000 of the remaining $27,754,000 of non performing loans.
    • The allowance for credit losses to total loans was 1.49% after charging off $8,343,000 and recording a $6,570,000 provision for credit losses on loans to replenish reserves on December 31, 2024.
    • The Bank maintained strong total liquidity of $435,409,000, or 40.8% of total assets as of December 31, 2024. This includes on balance sheet liquidity (cash and equivalents and unpledged available-for-sale securities) of $111,471,000 or 10.4% of total assets, plus available borrowing capacity of $323,938,000 or 30.4% of total assets.
    • The Bank has been strategically managing its loan and deposit portfolios to reduce risk in the balance sheet and improve capital ratios. The Bank has been successful in reducing the size of its balance sheet as noted below:
      • Net loans decreased $33,551,000 to $905,075,000 at December 31, 2024, compared to $938,626,000 one year earlier and decreased $12,292,000 compared to $917,367,000 three months earlier.
      • Total deposits decreased 5% to $962,562,000 at December 31, 2024, compared to $1,009,693,000 at December 31, 2023, and decreased 4% when compared to the prior quarter end of $1,002,770,000.
    • Book value was $13.53 per share, compared to $14.40 per share a year ago and $14.85 in the preceding quarter.

    Operating Results

    For the fourth quarter of 2024, the annualized loss on average assets was 2.59% and the annualized loss on average equity was 28.05%. This compared to an annualized return on average assets of 0.67% and an annualized return on average equity of 8.02%, respectively, for the fourth quarter of 2023. These ratios were negatively impacted during the fourth quarter of 2024 by a credit loss provision and one-time goodwill impairment. Without the impact from these items, the pre-tax, pre-provision return on average assets before goodwill1 and the pre-tax, pre-provision return on average equity before goodwill1 would have been 0.83% and 9.04%, respectively, for the three months ended December 31, 2024.

    For the year ended 2024, the loss on average assets was 0.38% and the loss on average equity was 4.23%. This compares to the return on average assets of 0.95% and return on average equity of 11.56%, respectively, for the year ended 2023.

    The Bank’s net interest margin was 2.88% in the fourth quarter of 2024 compared to its lowest quarterly net interest margin this year of 2.71% which occurred in the second and third quarters of 2024. The current net interest margin is also higher compared to the fourth quarter of 2023 of 2.85%. This was primarily attributable to the cost of deposits decreasing in the fourth quarter of 2024 to 2.87% compared to 3.05% during the preceding quarter. “We are starting to see an improvement in cost of funds in response to the Federal Reserve rate decreases. As CDs mature, we expect to see continued improvement in deposit pricing in the near future,” said Reed. “In addition, loan yields have started to improve as our existing loans have started to reprice.”

    Interest and dividend income decreased 1.0% to $14,935,000 in the fourth quarter of 2024 compared to $15,036,000 in the fourth quarter of 2023. The decrease in interest income is attributable to a $182,000 decrease in interest on investment securities and a $137,000 decrease in interest on deposits with banks offset by an increase of $214,000 in interest and fees on loans.

    Noninterest income increased in the fourth quarter of 2024 to $680,000 compared to $297,000 in the fourth quarter of 2023. The increase is primarily attributed to the Bank recognizing $857,000 in gains on sales of SBA guaranteed loan balances offset by the valuation adjustment on other real estate owned of $693,000 in the fourth quarter of 2024 compared to no gains on sales of SBA guaranteed loan balances in the fourth quarter of 2023.

    Operating expenses increased in the fourth quarter of 2024 to $10,200,000 compared to $5,483,000 in the fourth quarter of 2023. The increase is primarily due to a one-time non-cash impairment charge of $4,119,000 to write off the remaining balance of goodwill. In addition, the Bank recorded a $443,000 loss related to an external check fraud event during the fourth quarter of 2024. The Bank has filed an insurance claim related to this fraud loss and may be partially reimbursed by insurance at a later date.

    “We remain focused on enhancing revenue generation and driving significant cost efficiencies to improving our operational effectiveness. To date we have leveraged existing staff and technologies to reduce third-party expenses, eliminated raises and bonuses, reduced employee benefits Bank-wide, and reduced director fees.”

    Balance Sheet Review

    During 2024, the Bank strategically managed its loan and deposit portfolios to reduce risk in the balance sheet and improve capital ratios. As a result of the efforts, net loans decreased 4% to $905,075,000 and total deposits also decreased 5% to $962,562,000 as of December 31, 2024 compared to December 31, 2023.

    Net loans were $905,075,000 at December 31, 2024 compared to $938,626,000 at December 31, 2023, and decreased 1% compared to September 30, 2024. The Bank’s largest loan types are commercial real estate loans which make up 78% of the portfolio, “secured by farmland” totaling 9% of the portfolio, and 7% in commercial and industrial loans. Of the commercial real estate total, approximately 34% or $231,000,000 is owner occupied and the remaining 66% or $451,000,000 is non-owner occupied. The Bank’s entire loan portfolio is well diversified between industries including office space which totals $116,400,000.

    Total deposits were $962,562,000 at December 31, 2024 compared to $1,009,693,000 at December 31, 2023, and decreased 4% compared to the prior quarter end. At December 31, 2024, noninterest bearing demand deposit accounts decreased 8% compared to a year ago and represented 19% of total deposits; savings, NOW and money market accounts decreased 9% compared to a year ago and represented 49% of total deposits, and CDs increased 4% compared to a year ago and comprised 32% of total deposits.

    Shareholders’ equity was $91,723,000 at December 31, 2024, compared to $100,662,000 three months earlier and $97,678,000 a year earlier. The decrease in shareholders’ equity compared to a year ago was due to a reduction in retained earnings. At December 31, 2024 book value was $13.53 per share, compared to $14.85 three months earlier, and $14.40 at December 31, 2023.

    The Bank’s Tier 1 Leverage ratio continues to exceed the minimum of 5% necessary to be categorized as “well-capitalized” for regulatory capital purposes. The Tier-1 leverage ratio at the end of 2024 was 8.87%, an increase compared to 8.85% at the end of 2023.

    Credit Quality

    “Our primary focus remains on managing asset quality and reducing portfolio risk,” said Reed. “To that end we charged off loans of $8,343,000 and recorded a $6,570,000 provision for credit losses to replenish reserves during the fourth quarter of 2024. Three credits represent 94% or $26,040,000 of our non performing loans and are “secured by farmland” which have been hit hard by the current environment. The Bank holds a small portion of its total loans in this industry and actively monitors the performance of these loans. Collateral relating to two of these three non performing loans is in contract to sell in the first half of 2025 and represents 65% or $18,010,000 of the non performing loan portfolio. The remaining non performing loans are being reserved at current appraisal value less selling cost.”

    Non performing assets were $32,191,000, or 3.02% of total assets, at December 31, 2024. This compared to $41,971,000 in non performing assets at September 30, 2024, and $44,206,000 in non performing assets at December 31, 2023. Non performing assets include $4,437,000 for one other real estate owned loan at December 31, 2024 and $5,130,000 at September 30, 2024, compared to no other real estate owned at December 31, 2023.

    There were $8,343,000 in net charge-offs during the three months ended December 31, 2024, compared to no charge-offs during the three months ended September 30, 2024 and net recoveries of $9,000 during the three months ended December 31, 2023.

    For the fourth quarter of 2024, consistent with factors within the allowance for credit losses model, the Bank recorded a $6,570,000 provision for credit loss expense for loans, a $154,000 provision for credit losses for unfunded loan commitments and a $2,000 reversal of credit losses on investments. This compared to a $31,000 reversal of credit loss expense on loans, a $65,000 reversal of credit losses on unfunded loan commitments and a $31,000 provision for credit losses on investments in the fourth quarter of 2023.

    The allowance for credit losses to total loans was 1.49% on December 31, 2024, and 1.60% on December 31, 2023. The decrease is due to $9,690,000 in loan charge-offs offset with a provision for credit losses on loans of $7,882,000 and $55,000 provision for credit losses on unfunded loan commitments recorded during the year ended December 31, 2024.

    About Summit State Bank

    Founded in 1982 and headquartered in Sonoma County, Summit State Bank is an award-winning community bank serving the North Bay. The Bank serves small businesses, nonprofits and the community, with total assets of $1.1 billion and total equity of $92 million as of December 31, 2024. The Bank has built its reputation over the past 40 years by specializing in providing exceptional customer service and customized financial solutions to aid in the success of its customers.

    Summit State Bank is committed to embracing the diverse backgrounds, cultures and talents of its employees to create high performance and support the evolving needs of its customers and community it serves. Through the engagement of its team, Summit State Bank has received many esteemed awards including: Top Performing Community Bank by American Banker, Best Places to Work in the North Bay and Diversity in Business by North Bay Business Journal, Corporate Philanthropy Award by the San Francisco Business Times, and Hall of Fame by North Bay Biz Magazine. Summit State Bank’s stock is traded on the Nasdaq Global Market under the symbol SSBI. Further information can be found at www.summitstatebank.com.

    Cautionary Note Regarding Preliminary Financial Results and Forward-looking Statements

    The financial results in this release are preliminary and unaudited. Final audited financial results and other disclosures will be reported in Summit State Bank’s annual report on Form 10-K for the period ended December 31, 2024 and may differ materially from the results and disclosures in this release due to, among other things, the completion of final review procedures, the occurrence of subsequent events or the discovery of additional information.

    Except for historical information, the statements contained in this release, are forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are non-historical statements regarding management’s expectations and beliefs about the Bank’s future financial performance and financial condition and trends in its business and markets. Words such as “expects,” “anticipates,” “believes,” “estimates” and similar expressions or future or conditional verbs such as “will,” “should,” “would” and “could” are intended to identify such forward-looking statements. Examples of forward-looking statements include but are not limited to statements regarding future operating results, operating improvements, loans sales and resolutions, cost savings, insurance recoveries and dividends. The forward-looking statements in this release are based on current information and on assumptions about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond the Bank’s control. As a result of those risks and uncertainties, the Bank’s actual future results and outcomes could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this release. Those risks and uncertainties include, but are not limited to, the risk of incurring credit losses; the quality and quantity of deposits; the market for deposits, adverse developments in the financial services industry and any related impact on depositor behavior or investor sentiment; risks related to the sufficiency of the Bank’s liquidity; fluctuations in interest rates; governmental regulation and supervision; the risk that the Bank will not maintain growth at historic rates or at all; general economic conditions, either nationally or locally in the areas in which the Bank conducts its business; risks associated with changes in interest rates, which could adversely affect future operating results; the risk that customers or counterparties may not performance in accordance with the terms of credit documents or other agreements due a decline in credit worthiness, business conditions or other reasons;; adverse conditions in real estate markets; and the inherent uncertainty of expectations regarding litigation, insurance claims and the performance or resolution of loans. Additional information regarding these and other risks and uncertainties to which the Bank’s business and future financial performance are subject is contained in the Bank’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and other documents the Bank files with the FDIC from time to time. Readers should not place undue reliance on the forward-looking statements, which reflect management’s views only as of the date of this release. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

    1Non-GAAP Financial Measures

    This release contains non-GAAP (Generally Accepted Accounting Principles) financial measures in addition to the results presented in accordance with GAAP. These Non-GAAP financial measures include pre-tax, pre-provision net operating income before goodwill, pre-tax, pre-provision return on average assets before goodwill (“ROAA”), and pre-tax, pre-provision return on average equity (“ROAE”) before goodwill. We believe the presentation of these non-GAAP financial measures, provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our history results and those of our peers.

    Not all companies use identical calculations or the same definitions of pre-tax, pre-provision net operating income before goodwill, pre-tax, pre-provision ROAA before goodwill and pre-tax, pre-provision ROAE before goodwill, so the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. These non-GAAP financial measures should be taken together with the corresponding GAAP measure and should not be considered a substitute for the GAAP measure. Reconciliations of the most directly comparable GAAP measures to these non-GAAP financial measurements are presented below.

    Contact: Brian Reed, President and CEO, Summit State Bank (707) 568-4908

                             
            Three Months Ended
                             
            December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
            (In thousands)
    Reconciliation of non-GAAP pre-tax, pre-provision income net of goodwill
                             
    Net (loss) income       $ (7,142 )   $ 626     $ 928     $ 1,395     $ 1,901  
    Excluding provision for (reversal of) credit losses   6,722       1,294       (16 )     (85 )     (65 )
    Excluding (reversal of) provision for income taxes   (1,398 )     202       355       645       807  
    Pre-tax, pre-provision income (non-GAAP) $ (1,818 )   $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Excluding goodwill impairment         4,119       –       –       –       –  
    Pre-tax, pre-provision income net of goodwill (non-GAAP) $ 2,301     $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                       
       
                             
                             
            Three Months Ended
                             
            December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
            (In thousands)
    Reconciliation of non-GAAP return on average assets
                             
    Average assets       $ 1,098,885     $ 1,098,469     $ 1,078,700     $ 1,087,960     $ 1,123,057  
    (Loss) return on average assets (1)         -2.59 %     0.23 %     0.35 %     0.51 %     0.67 %
                             
    Net (loss) income       $ (7,142 )   $ 626     $ 928     $ 1,395     $ 1,901  
    Excluding provision for (reversal of) credit losses   6,722       1,294       (16 )     (85 )     (65 )
    Excluding (reversal of) provision for income taxes   (1,398 )     202       355       645       807  
    Pre-tax, pre-provision income (non-GAAP) $ (1,818 )   $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Excluding goodwill impairment         4,119       –       –       –       –  
    Pre-tax, pre-provision income net of goodwill (non-GAAP) $ 2,301     $ 2,122     $ 1,267       $ 1,955       $ 2,643  
                             
    Adjusted return on average assets (non-GAAP) (1)   0.83 %     0.77 %     0.47 %     0.72 %     0.93 %
                             
    (1) Annualized.                
                             
            Three Months Ended
                             
            December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
            (In thousands)
    Reconciliation of non-GAAP return on average shareholders’ equity
                             
    Average shareholders’ equity       $ 101,307     $ 99,962     $ 97,548     $ 97,471     $ 94,096  
    (Loss) return on average shareholders’ equity (1)   -28.05 %     2.48 %     3.82 %     5.74 %     8.02 %
                             
    Net (loss) income       $ (7,142 )   $ 626     $ 928     $ 1,395     $ 1,901  
    Excluding provision for (reversal of) credit losses   6,722       1,294       (16 )     (85 )     (65 )
    Excluding (reversal of) provision for income taxes   (1,398 )     202       355       645       807  
    Pre-tax, pre-provision income (non-GAAP) $ (1,818 )   $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Excluding goodwill impairment         4,119       –       –       –       –  
    Pre-tax, pre-provision income net of goodwill (non-GAAP) $ 2,301     $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Adjusted return on average shareholders’ equity (non-GAAP) (1)   9.04 %     8.42 %     5.21 %     8.04 %     11.14 %
                             
    (1) Annualized.                
                     
                           
    SUMMIT STATE BANK
    STATEMENTS OF INCOME
    (In thousands except earnings per share data)
                           
                           
              Three Months Ended   Year Ended
              December 31, 2024   December 31, 2023   December 31, 2024   December 31, 2023
              (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)
                           
    Interest and dividend income:              
      Interest and fees on loans $ 13,623     $ 13,409     $ 53,574     $ 52,560  
      Interest on deposits with banks   655       792       2,060       4,410  
      Interest on investment securities   530       712       2,614       2,855  
      Dividends on FHLB stock   127       123       514       416  
          Total interest and dividend income   14,935       15,036       58,762       60,241  
    Interest expense:              
      Deposits     7,099       7,113       28,495       24,227  
      Federal Home Loan Bank advances   6       –       337       177  
      Junior subordinated debt   128       94       454       375  
          Total interest expense   7,233       7,207       29,286       24,779  
          Net interest income before provision for credit losses   7,702       7,829       29,476       35,462  
    Provision for (reversal of) credit losses on loans   6,570       (31 )     7,882       342  
    Provision for (reversal of) credit losses on unfunded loan commitments   154       (65 )     55       (68 )
    (Reversal of) provision for credit losses on investments   (2 )     31       (22 )     58  
          Net interest income after provision for (reversal of) credit              
            losses, unfunded loan commitments and investments   980       7,894       21,561       35,130  
    Non-interest income:              
      Service charges on deposit accounts   225       219       926       872  
      Rental income   61       54       241       193  
      Net gain on loan sales   857       –       2,114       2,481  
      Net gain on securities   6       –       6       –  
      Net loss on other real estate owned   (693 )     –       (693 )     –  
      FHLB prepayment fee   –       –       –       1,024  
      Other income   224       24       865       631  
          Total non-interest income   680       297       3,459       5,201  
    Non-interest expense:              
      Salaries and employee benefits   3,429       3,044       15,639       15,399  
      Occupancy and equipment   413       386       1,761       1,713  
      Goodwill impairment   4,119       –       4,119       –  
      Other expenses   2,239       2,053       7,889       7,938  
          Total non-interest expense   10,200       5,483       29,408       25,050  
          (Loss) income before provision for income taxes   (8,540 )     2,708       (4,388 )     15,281  
    (Reversal of) provision for income taxes   (1,398 )     807       (195 )     4,459  
          Net (loss) income $ (7,142 )   $ 1,901     $ (4,193 )   $ 10,822  
                           
    Basic (loss) earnings per common share $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
    Diluted (loss) earnings per common share $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
                           
    Basic weighted average shares of common stock outstanding   6,719       6,698       6,714       6,695  
    Diluted weighted average shares of common stock outstanding   6,719       6,698       6,714       6,698  
                                   
       
    SUMMIT STATE BANK  
    BALANCE SHEETS  
    (In thousands except share data)  
                   
            December 31, 2024   December 31, 2023  
            (Unaudited)   (Unaudited)  
                   
    ASSETS        
                   
    Cash and due from banks $ 51,403   $ 57,789  
          Total cash and cash equivalents   51,403     57,789  
                   
    Investment securities:        
      Available-for-sale, less allowance for credit losses of $36 and $58        
        (at fair value; amortized cost of $80,887 in 2024 and $97,034 in 2023)   68,228     84,546  
                   
    Loans, less allowance for credit losses of $13,693 in 2024 and $15,221 in 2023   905,075     938,626  
    Bank premises and equipment, net   5,155     5,316  
    Investment in Federal Home Loan Bank (FHLB) stock, at cost   5,889     5,541  
    Goodwill     –     4,119  
    Other real estate owned   4,437     –  
    Affordable housing tax credit investments   7,413     8,405  
    Accrued interest receivable and other assets   19,494     18,166  
                   
          Total assets $ 1,067,094   $ 1,122,508  
                   
    LIABILITIES AND        
    SHAREHOLDERS’ EQUITY        
                   
    Deposits:          
      Demand – non interest-bearing $ 185,756   $ 201,909  
      Demand – interest-bearing   193,355     244,748  
      Savings   47,235     54,352  
      Money market   226,879     212,278  
      Time deposits that meet or exceed the FDIC insurance limit   70,717     63,159  
      Other time deposits   238,620     233,247  
          Total deposits   962,562     1,009,693  
                   
    FHLB advances   –     –  
    Junior subordinated debt, net   5,935     5,920  
    Affordable housing commitment   511     4,094  
    Accrued interest payable and other liabilities   6,363     5,123  
                   
          Total liabilities   975,371     1,024,830  
                   
          Total shareholders’ equity   91,723     97,678  
                   
          Total liabilities and shareholders’ equity $ 1,067,094   $ 1,122,508  
                   
     
    Financial Summary
    (In thousands except per share data)
                     
        As of and for the   As of and for the
        Three Months Ended   Year Ended
        December 31, 2024   December 31, 2023   December 31, 2024   December 31, 2023
        (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)
    Statement of Income Data:                
    Net interest income   $ 7,702     $ 7,829     $ 29,476     $ 35,462  
    Provision for (reversal of) credit losses on loans     6,570       (31 )     7,882       342  
    Provision for (reversal of) credit losses on unfunded loan commitments   154       (65 )     55       (68 )
    (Reversal of) provision for credit losses on investments     (2 )     31       (22 )     58  
    Non-interest income     680       297       3,459       5,201  
    Non-interest expense     10,200       5,483       29,408       25,050  
    (Reversal of) provision for income taxes     (1,398 )     807       (195 )     4,459  
    Net (loss) income   $ (7,142 )   $ 1,901     $ (4,193 )   $ 10,822  
                     
    Selected per Common Share Data:                
    Basic (loss) earnings per common share   $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
    Diluted (loss) earnings per common share   $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
    Dividend per share   $ –     $ 0.12     $ 0.28     $ 0.48  
    Book value per common share (1)   $ 13.53     $ 14.40     $ 13.53     $ 14.40  
                     
    Selected Balance Sheet Data:                
    Assets   $ 1,067,094     $ 1,122,508     $ 1,067,094     $ 1,122,508  
    Loans, net     905,075       938,626       905,075       938,626  
    Deposits     962,562       1,009,693       962,562       1,009,693  
    Average assets     1,098,885       1,123,057       1,091,045       1,142,790  
    Average earning assets     1,064,872       1,089,808       1,058,766       1,110,801  
    Average shareholders’ equity     101,307       94,096       99,080       93,621  
    Nonperforming loans     27,754       44,206       27,754       44,206  
    Other real estate owned     4,437       –       –       –  
    Total nonperforming assets     32,191       44,206       32,191       44,206  
                     
    Selected Ratios:                
    (Loss) return on average assets (2)     -2.59 %     0.67 %     -0.38 %     0.95 %
    (Loss) return on average shareholders’ equity (2)     -28.05 %     8.02 %     -4.23 %     11.56 %
    Efficiency ratio (3)     121.78 %     67.47 %     89.31 %     61.60 %
    Net interest margin (2)     2.88 %     2.85 %     2.78 %     3.19 %
    Common equity tier 1 capital ratio     10.14 %     9.90 %     10.14 %     9.90 %
    Tier 1 capital ratio     10.14 %     9.90 %     10.14 %     9.90 %
    Total capital ratio     11.89 %     11.75 %     11.89 %     11.75 %
    Tier 1 leverage ratio     8.87 %     8.85 %     8.87 %     8.85 %
    Common dividend payout ratio (4)     0.00 %     42.63 %     -45.20 %     30.05 %
    Average shareholders’ equity to average assets     9.22 %     8.38 %     9.08 %     8.19 %
    Nonperforming loans to total loans     3.02 %     4.63 %     3.02 %     4.63 %
    Nonperforming assets to total assets     3.02 %     3.94 %     3.02 %     3.94 %
    Allowance for credit losses to total loans     1.49 %     1.60 %     1.49 %     1.60 %
    Allowance for credit losses to nonperforming loans     49.34 %     34.43 %     49.34 %     34.43 %
             
    (1) Total shareholders’ equity divided by total common shares outstanding.        
    (2) Annualized.        
    (3) Non-interest expenses to net interest and non-interest income, net of securities gains.            
    (4) Common dividends divided by net (loss) income available for common shareholders.        
             

    The MIL Network –

  • MIL-OSI: Senvest Capital Reports Results for the Year Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, March 28, 2025 (GLOBE NEWSWIRE) — Senvest Capital Inc. today reported net income attributable to common shareholders of $258.1 million or $105.06 per share for the year ended December 31, 2024. This compares to net income attributable to common shareholders of $83.6 million or $33.78 per share for the year 2023.

    Financial statements are available online at Sedar www.sedarplus.ca

      CONSOLIDATED STATEMENTS OF INCOME
      (in millions of dollars, except per share amounts)
      For the years ended
         
      December 31, 2024 December 31, 2023
         
    Net income attributable to common shareholders $258.1 $83.6
         
    Diluted earnings per share attributable to common shareholders $105.06 $33.78
         

    Contact: George Malikotsis, Vice President Finance
    (514) 281-8082

    The MIL Network –

  • MIL-OSI: Mulvihill Enhanced Split Preferred Share ETF Announces Year End Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — (TSX: SPFD) Mulvihill Enhanced Split Preferred Share ETF (the “Fund”) (formerly Mulvihill U.S. Health Care Enhanced Yield ETF) announces results of operations for the year ended December 31, 2024. Decrease in net assets attributable to holders of units amounted to $0.13 million or $0.16 per unit. As at December 31, 2024, net assets attributable to holders of units were $7.41 million or $9.85 per unit. Cash distributions to unitholders totaling $0.58 million or $0.72 per unit were paid during the year.

    The Fund is a mutual fund investment trust that seeks to provide unitholders with (a) monthly distributions and (b) the opportunity for capital preservation through exposure to a portfolio consisting primarily preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Fund may also seek to acquire preferred shares of split share corporations in their initial public or follow on offerings. The Fund may also hold Class A shares of Canadian split share corporations listed on a Canadian exchange at the discretion of the Manager.

    The Fund may also write call and put options on a portion of its portfolio, from time to time, to seek to generate investment returns and, in the case of put options, acquire securities at predetermined prices in a manner that reduces acquisition costs.   The Fund seeks to achieve a 10.0 percent yield, with additional capital growth potential beyond such yield target.

    The Fund’s investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund’s Units are listed on the Toronto Stock Exchange under the symbol SPFD.

    Selected Financial Information: ($ Millions)
    Statement of Financial Position as at December 31st   2024  
    Assets $ 7.58  
    Liabilities   (0.17 )
    Net Assets Attributable to Holders of Units $ 7.41  
    Statement of Comprehensive Income for the year ended December 31st    
    Income (including Net Gain / Loss on Investments) $ 0.29  
    Expenses   (0.42 )
    Decrease in Net Assets Attributable to Holders of Units $ (0.13 )
       
       

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit Mulvihill www.mulvihill.com.

    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West Suite 2600
    Toronto, Ontario, M5H 3T9
    416.681.3966; 1.800.725.7172
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Mulvihill Premium Yield Fund Announces Year End Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — (TSX: MPY) Mulvihill Premium Yield Fund (the “Fund”) announces results of operations for the year ended December 31, 2024. Increase in net assets attributable to holders of Class I units amounted to $1.99 million or $1.70 per Class I unit, increase in net assets attributable to holders of Class F units amounted to $1.91 million or $1.74 per Class F unit, increase in net assets attributable to holders of Class A units amounted to $1.34 million or $1.42 per Class A unit, and increase in net assets attributable to holders of ETF units amounted to $1.93 million or $1.51 per ETF unit. As at December 31, 2024, net assets attributable to holders of Class I were $12.36 million or $10.60 per Class I unit; net assets attributable to holders of Class F were $11.01 million or $10.61 per Class F unit, net assets attributable to holders of Class A units were $10.03 million or $9.92 per Class A unit, and net asset attributable to holders of ETF units were $22.39 million or $9.95 per ETF unit. Distributions paid to Class I units, Class F units, Class A units, and ETF units were $0.66 per unit for each Class of units during the year.

    The Fund is a mutual fund investment trust that seeks to provide unitholders with (i) high quarterly income on a tax efficient basis; (ii) long-term capital appreciation through investment in a portfolio of high quality equity securities; and (iii) lower overall portfolio volatility. The Fund will write options to seek to earn tax efficient option premiums, reduce overall portfolio volatility and enhance the portfolio’s total return.

    The Fund will (i) invest in an actively managed portfolio comprised of securities from the S&P/TSX Composite Index and S&P 500 Index; and (ii) use option writing strategies from time to time in response to market conditions to generate an enhanced tax efficient yield. The Fund is also permitted to invest in public investment funds including exchange-traded funds and other Mulvihill Funds (provided that no more than 15 percent of the net asset value of the Fund may be invested in securities of other Funds managed by Mulvihill and provided there are no duplication of fees) that provide exposure to such securities.

    The Fund will, from time to time employ various investment strategies, including the use of derivative instruments to generate income, reduce portfolio volatility and protect capital. The Fund seeks to achieve a 5 percent yield, with additional capital growth potential beyond such yield target.

    The Fund’s investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Class F and Class A units are available on Fundserv under the codes MCM103 and MCM101 respectively. The ETF units are listed on the Toronto Stock Exchange under the symbol MPY.

    Selected Financial Information: ($ Millions)
    Statement of Financial Position as at December 31st   2024  
    Assets $ 56.71  
    Liabilities   (0.92 )
    Net Assets Attributable to Holders of Class I, Class F, Class A and ETF Units $ 55.79  
    Statement of Comprehensive Income
    For the year ended December 31st    		    
    Income (including Net Gain on Investments) $ 8.30  
    Expenses   (1.13 )
    Inecrease in Net Assets Attributable to Holders of Class I, Class F, Class A and ETF Units $ 7.17  
         
         

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit www.mulvihill.com.

    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
    416.681.3966; 1.800.725.7172
    www.mulvihill.com

    The MIL Network –

  • MIL-OSI: Seize the mining wealth opportunity in 2025 JA Mining helps you easily earn passive income

    Source: GlobeNewswire (MIL-OSI)

    Miami, FL, March 28, 2025 (GLOBE NEWSWIRE) —
    In recent years, the global demand for clean energy and sustainable development has surged, and the mining industry has ushered in changes. JA Mining has rapidly emerged as an industry leader with innovative technology, sustainable strategy and global layout, creating new wealth opportunities for individuals and companies to earn $150,000.

    How to make money with JA Mining?

    JA Mining provides users with a variety of ways to participate in mining investment and earn income. Both novice and professional investors can find an investment plan that suits them. The following are the main ways to make money:

    Start making money!

    1. Register to get $100

    JA Mining launched a new user registration to give away $100, which can be used for mining investment and start earning income.

    2. Cloud mining computing power leasing

    JA Mining’s cloud mining service provides a variety of contract plans, there is always one suitable for you, such as:

    ● Basic cloud computing plan: Invest $200, 2-day contract, profit $214.

    ● Classic cloud computing plan: Invest $600, 3-day contract, profit $634.

    ● Advanced Cloud Computing Plan: Invest $1,330, 5-day contract, profit $1,466.

    ● Super Cloud Computing Plan: Invest $6,000, 14-day contract, profit $7,898.

    3. Referral Reward Program

    JA Mining has launched a referral reward mechanism, where users can get up to 7% extra income by inviting friends.

    4. Compound investment and income reinvestment

    Users can continue to invest the income they have obtained into new investment plans, thereby achieving compound growth and maximizing long-term investment returns.

    What are the advantages of JA Mining?

    JA Mining stands out in the mining investment market mainly due to the following core advantages:

    ● Get $100 when you sign up, lowering the threshold

    ● FCA supervision, safe and reliable

    ● No hidden fees or maintenance fees

    ● Flexible and diverse investment options

    ● Serving the world, 24/7 customer support

    ● Environmentally friendly and sustainable development

    Conclusion

    As a company strictly regulated by the Financial Conduct Authority (FCA) of the United Kingdom, JA Mining is known for its transparency, efficiency and compliance, providing investors with a safe and reliable investment environment. In addition, JA Mining combines traditional mining with modern financial technology, making mining investment no longer limited to large enterprises, but open to ordinary investors around the world.

    Act now and seize the opportunity! Join JA Mining, receive your $100 reward, and start your digital wealth journey!

    Official website: https://jamining.com/

    Contact email: info@jamining.com

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. 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 –

  • MIL-OSI: Purpose Investments Inc. Announces 2025 First-Quarter Distributions for Purpose Specialty Lending Trust

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. is pleased to announce the 2025 first-quarter distributions for Purpose Specialty Lending Trust.

      Ticker
    Symbol    		 Distribution
    per
    share/unit    		 Ex
    Distribution
    Date    		 Record
    Date    		 Payable
    Date
    Purpose Specialty Lending Trust – Class A Unlisted $0.1215 03/31/2025 03/31/2025 04/22/2025
    Purpose Specialty Lending Trust – Class F Unlisted $0.1255 03/31/2025 03/31/2025 04/22/2025
    Purpose Specialty Lending Trust – Class U Unlisted US $0.1665 03/31/2025 03/31/2025 04/22/2025
    Purpose Specialty Lending Trust – Class A1, Series 2 Unlisted $0.1405 03/31/2025 03/31/2025 04/22/2025
    Purpose Specialty Lending Trust – Class F, Series 3 Unlisted $0.1455 03/31/2025 03/31/2025 04/22/2025

    About Purpose Investments Inc.

    Purpose Investments Inc. is an asset management company with more than $23 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Premium Global Income Split Corp. Announces Year End Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — (TSX: PGIC; PGIC.PR.A) Premium Global Income Split Corp. (the “Fund”) announces results of operations for the year ended December 31, 2024.  Increase in net assets from operations attributable to holders of Class A shares amounted to $0.30 million or $0.36 per Class A share.  As at December 31, 2024, net assets attributable to holders of Class A shares were $7.52 million or $7.31 per Class A share.  Cash distributions of $0.64 per Preferred share and $0.48 per Class A share were paid during the year.

    The Fund is a mutual fund corporation which invests in a diversified portfolio that includes primarily large capitalization global equity securities (the “Portfolio Universe”). The Fund may also invest up to 100% of its net assets in other public investment funds including investment funds managed by the Manager.  In addition, the Fund will be exposed to securities traded in foreign currencies and may, in the Manager’s discretion, enter into currency hedging transactions to reduce the effects of changes in the
    value of foreign currencies relative to the value of the Canadian dollar.

    The Fund employs an active covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.  In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

    The Fund’s investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund’s Preferred and Class A shares are listed on Toronto Stock Exchange under the symbols PGIC.PR.A and PGIC respectively.

    Selected Financial Information: ($ Millions)    
    Statement of Financial Position as at December 31st   2024  
    Assets $ 17.88  
    Liabilities (including Redeemable Preferred Shares)    (10.36 )
    Net Assets Attributable to Holders of Class A Shares $ 7.52  
    Statement of Comprehensive Income for the year ended December 31st    
    Income (including Net Gain on Investments) $    1.46  
    Expenses    (0.62 )
    Operating Profit      0.84  
    Preferred Share Distributions   (0.54 )
    Increase in Net Assets Attributable to Holders of Class A Shares $   0.30  
         
     

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit www.mulvihill.com.

    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
    416.681.3966; 1.800.725.7172
    www.mulvihill.com
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Evome Medical Technologies Provides Market Update

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 28, 2025 (GLOBE NEWSWIRE) — Evome Medical Technologies Inc. (the “Company” or “Evome”) (TSXV: EVMT) is providing an update to shareholders today.

    As important background:

    Evome generates revenue from three main revenue lines:

    1. “DaMar”. This a business-to-business revenue line. Located in California, DaMar Plastics Manufacturing, Inc. (“DaMar”) offers contract manufacturing to a highly concentrated group of customers that then sell those products under their own brand name.
    2. “Biodex”. Biodex Medical Systems, Inc. (“Biodex”) is a branded medical device business with approximately 50% of revenue originating from international distributors and the other 50% from domestic dealers.
    3. “The Tables Business”. This a business-to-business revenue line of Biodex. This business unit is co-located in Biodex’s factory in New York. It offers contract manufacturing to only one customer that then sells those products under their own brand name.

    Business Update:

    1. Input costs expected to rise: As for input costs, each business line may be subject to increases in raw material costs caused by potential tariffs. Additionally, Biodex expects to be subject to retaliatory tariffs on the sale of its products outside the United States. Therefore, Biodex is working to understand the effect on prices to both domestic and international customers. Biodex plans to work with customers given the impacts of these potential price increases and their effect upon demand, cash flow and the value of each business line.
    2. Asset-based loan lender exits: The Company’s asset-based loan (“ABL”) provider has notified Evome that it will no longer continue lending to Evome’s subsidiaries. The total ABL debt has been reduced from $6,537,209 on March 31, 2024 to the current ABL debt level of $2,9049,634 as of March 27, 2025. As a result, the total balance has fallen below the minimum debt level requirement. While the ABL lender is working with the Company and its subsidiaries to ensure a smooth transition as it retires the ABL debt, all business units are expected to face a cash flow challenge through this period. The Company has negligible working capital currently.
    3. New management: The Company has entrusted a new management team to navigate through these challenges. Michael Seckler (CEO and a director of the Company), Wanye Anderson (a director of the Company), Lana Newishy (a director of the Company) and Bill Garbarini (COO) have resigned, and Chris Heath, a recently appointed director of the Company, has been appointed Interim CEO through this transition period. Kenneth Kashkin, MD, will remain on the Board of Directors as Vice-Chairman.
    4. No funds for audit: Given the current financial condition of the Company, including its current cash position, the reduction of the ABL and the potential of negative impacts of possible tariff policy, the Company does not currently have excess funds to pay for the year end audit as it will use all funds to continue manufacturing and shipping products to customers. It therefore expects to miss the deadline of April 30, 2025 (the “Filing Deadline”) to file the Company’s audited annual financial statements and management discussion & analysis for the financial year ended December 31, 2024, and the CEO and CFO certificates, all as required by National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Documents”). As a consequence, the Company anticipates the imposition by the British Columbia Securities Commission of a Failure-to-File Cease Trade Order (“FFCTO”). There is no other reason known to management preventing the completion of the audit other than a lack of available funds. Accordingly, the Company is making efforts to complete an audit and file the Documents as soon as is financially feasible.
    5. Customers: Biodex has a back log of orders of over $6,228,854 as of May 27, 2025 from existing customers that Biodex intends to fulfill. DaMar and “The Tables” business continue to operate and ship products to their respective customers.
    6. DaMar Sale: As announced on May 30, 2024, DaMar is actively being marketed for sale.

    The Company is currently finalizing a plan to navigate these challenges and will provide updates to shareholders through future press releases. The Company is committed to delivering high quality products to its customers and continues to make deliveries as it works with suppliers and customers to adjust to the current conditions.

    “I was asked by the outgoing management and board members to come into a challenging situation, where I am a large shareholder and, with all other shareholders, at the bottom of the capital/debt stack,” said Mr. Michael Dalsin, Chairman. “With the reduction of operating debt, as well as acquisition debt, the company now faces a cash flow issue that will need to be navigated. The fact that there is currently negligible working capital makes this process very challenging. Additionally, the impact of tariffs remains uncertain at the moment. But we do anticipate that our raw material costs, largely made up of aluminum and steel, may increase and the effect on revenues is difficult to predict. As we have a large stock of inventory on hand, I feel confident we can continue to deliver products to customers and generate revenue as we look for solutions to this challenge.”

    “Chris Heath and I will work to overcome the challenges,” continued Mr. Dalsin. “There is substantial debt at the operating subsidiary level, the Company’s sole assets, that ultimately stands in front of shareholders equity. Simply put, we hope to have sufficient cash flow and value in the three businesses to pay off the debt in full with additional cash left over, preserving some measure of equity value if possible.”

    The Company will update the market by press release as the plan unfolds, and will not conduct one-on-one calls with any investors or market participants to avoid the perception of selective disclosure.

    Michael Dalsin
    Chairman
    Tel: 1 (800) 760-6826 ‎
    Email: info@salonaglobal.com‎

    Additional 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.

    Unless otherwise specified, all financial information is presented in Canadian dollars (“$”, “dollars” and “C$”).

    There can be no assurance that the disposition of DaMar will ‎be completed or the sale price or timing of any ‎disposition. Completion of any transaction will be subject to, amongst other things, ‎negotiation and execution of definitive agreements, and applicable ‎director, shareholder ‎and ‎regulatory approvals.‎

    Certain statements contained in this press release constitute “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. These statements can be identified by the use of forward-looking terminology such as “expects” “believes”, “estimates”, “may”, “would”, “could”, ‎‎”should”, “potential”, ‎‎‎‎‎”will”, “seek”, “intend”, “plan”, and “anticipate”, and similar expressions as they relate ‎‎‎‎to the Company, including, without limitation: the impact of tariffs on the costs of raw materials; Biodex being subject to retaliatory tariffs on the sale of its products outside the United States; Biodex having to increase prices to both domestic and international customers; statements with respect to the issuance and timing of an FFCTO; and the filing of the Documents; the Company successfully disposing of DaMar and the use of such proceeds; and the amount of acquisition debt the Company would be able to eliminate upon the sale of DaMar. All ‎statements ‎other than statements of ‎historical fact may be forward-looking‎ information. Such statements reflect the Company’s current views and intentions with respect to future ‎events, and current information available to the Company, and are subject to certain risks, ‎uncertainties and assumptions. The Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include but are not limited to the ‎‎general business and ‎‎economic ‎conditions in the regions in ‎which the Company operates; the ability of the Company to execute on key ‎‎priorities, ‎including the successful completion of acquisitions, business‎ retention, and‎‎ strategic plans and to‎‎ attract, develop ‎and retain key executives; difficulty integrating newly acquired businesses; ‎‎ongoing or new disruptions in the supply chain, the extent and scope of such supply chain disruptions, and the timing or extent of the resolution or improvement of such disruptions; the ability to‎‎‎ implement business strategies and pursue business opportunities; ‎‎disruptions in or attacks (including ‎cyber-attacks) on the Company’s information technology, internet, network access or other ‎‎voice or data ‎communications systems or services; the evolution of various types of fraud or other ‎‎‎criminal behavior to which ‎ the Company is exposed; the failure of third parties to comply with their obligations to ‎‎ the Company or its ‎affiliates; the‎ impact of new and changes to, or application of, current laws and regulations; ‎granting of permits and licenses in a highly regulated business; the ‎overall difficult ‎‎‎‎‎litigation environment, including in the United States; increased competition; changes in foreign currency rates; ‎increased ‎‎‎‎funding ‎costs and market volatility due to market illiquidity and competition for funding; the ‎availability of funds ‎‎‎‎and resources to pursue operations; critical ‎accounting estimates and changes to accounting standards, policies,‎‎‎‎ and methods used by the Company; the occurrence of natural and unnatural‎‎ catastrophic ‎events ‎and claims ‎‎‎‎resulting from such events; as well as those risk factors discussed or ‎referred to ‎in the ‎Company’s disclosure ‎documents filed with United States Securities and Exchange Commission ‎and ‎available at ‎www.sec.gov, and with ‎the securities regulatory authorities in certain provinces of Canada and ‎‎available at ‎www.sedarplus.com. Should any ‎factor affect the Company in an unexpected manner, or should ‎‎assumptions underlying ‎the forward-looking ‎information prove incorrect, the actual results or events may differ ‎‎materially from the results ‎or events predicted. ‎Any such forward-looking information is expressly qualified in its ‎‎entirety by this cautionary ‎statement. Moreover, ‎the Company does not assume responsibility for the accuracy or ‎‎completeness of such ‎forward-looking ‎information. The forward-looking information included in this press release ‎‎is made as of the ‎date of this press ‎release and the Company undertakes no obligation to publicly update or revise ‎‎any forward-‎looking information, ‎other than as required by applicable law‎.

    The MIL Network –

  • MIL-OSI: This Is a Test From GlobeNewswire

    Source: GlobeNewswire (MIL-OSI)

    This is a test from GlobeNewswire. Readers are advised to disregard.

    TESTING — TESTING — TESTING — TESTING — TESTING –

    -END-

    http://ml-eu.globenewswire.com/Resource/Download/c901a673-5283-40fd-ac4d-9a2120180bf1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/eb3e8303-ca06-4fb0-8332-fb5b04180219

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5a6e6c64-ddab-42fe-93b5-788fee881d51

    CONTACT:

    Karen Yu

    Director, GlobeNewswire Product Management

    +1 310 258 6917

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, March 28, 2025 (GLOBE NEWSWIRE) — WF Holding Limited (“WF Holding” or “Company”), a Malaysia-based manufacturer of fiberglass reinforced plastic (FRP) products, announced today the successful closing of its initial public offering of 2,000,000 ordinary shares, par value $0.00005 per share (the “Ordinary Shares”), at a public offering price of $4.00 per share. The offering generated total gross proceeds of $8 million, before deducting underwriting discounts and other offering expenses. The Company’s Ordinary Shares started trading on the Nasdaq Capital Market on March 27, 2025 under the ticker symbol “WFF.”

    In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts. The Company intends to use the net proceeds from this offering for expanding the Company’s production capacity, hiring and training staff, working capital and general corporate purposes.

    The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as the lead underwriter, with Revere Securities LLC acting as a co-underwriter for the Offering. Bevilacqua PLLC acted as U.S. counsel to the Company, and The Crone Law Group, P.C. acted as U.S. counsel to the underwriters in connection with the Offering.

    A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-282294) and was declared effective by the SEC on March 26, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement, and a free writing prospectus. Copies of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC by email at info@dominarisecurities.com, by standard mail to Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022 USA, or by telephone at +1 (212) 393-4500; or from Revere Securities LLC by email at contact@reveresecurities.com, by standard mail to Revere Securities LLC, 560 Lexington Ave, 16th Floor, New York, NY 10022 USA, or by telephone at (212) 688-2238. In addition, copies of the prospectus and free writing prospectus relating to the Offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov.

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

    ***

    About WF Holding Limited

    Based in Malaysia, WF Holding Limited is an ISO 9001:2015 certified manufacturer of fiberglass reinforced plastic (FRP) products including tanks, pipes, ducts and custom-made FRP products. With a track record of over 30 years, we design and fabricate products that meet the specific needs of our clients, ensuring high-quality and reliable performance. Our high-quality and durable products leverage the advantages of FRP to reinforce critical industrial infrastructure, driving resilience, longevity and sustainability. We also deliver a wide range of related services such as consultation, delivery, installation, repair and maintenance.

    Forward-Looking Statements

    Certain statements in this announcement are “forward-looking statements” as defined under the U.S. federal securities laws, including, but not limited to, the Company’s statements regarding the use of proceeds from the sale of the Company’s shares in the Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For more information, please contact:

    WF Holding Limited
    Investor Relations
    Email:  corporate@winfung.com.my

    Sense Consultancy Group
    Yan Pheng Liang
    Email: phengliang@leesense.com

    The MIL Network –