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Category: GlobeNewswire

  • MIL-OSI: Hybrid Software Group PLC reports 2024 results with €51.50 million revenue and €12 million EBITDA

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE – REGULATED INFORMATION

    HYBRID SOFTWARE GROUP PLC REPORTS 2024 RESULTS WITH €51.50 MILLION REVENUE AND €12 MILLION EBITDA

    Cambridge (UK), 19 March 2025 (19:00 CET): Hybrid Software Group PLC (Euronext: HYSG) announces that it has published its annual report and financial statements for the financial year ended 31 December 2024.

    The full document is available to download from the financial reports section of the Company’s web site at:  https://www.hybridsoftware.group/investors/financial-reports.

    CEO Mike Rottenborn comments, “2024 was a successful year for Hybrid Software Group, with healthy growth in all business units despite difficult market conditions. We expect similar conditions in 2025, yet we are still very positive about the outlook for Hybrid Software and our customers.

    “Synergies in the business plan aren’t always realised in the market, so it’s very encouraging to see the tandem growth in both our OEM and end-user businesses, with an overall revenue growth of 7% over the previous year. In last year’s letter, I promised to focus on improving the profitability of Hybrid Software, so it’s gratifying to report that we delivered a 286% improvement in our adjusted operating result over 2023, as well as a 64% increase in our EBITDA, despite heavy marketing spending on the Drupa trade fair. We expect to deliver further improvements in the coming year.

    “2024 also saw the launch of a new business unit, Hybrid Software BrandZ, to serve brands and manufacturers of consumer packaged goods with software solutions for artwork management which facilitate downstream print production, opening a market that is potentially much larger than the print providers themselves.”

    Executive Chairman Guido Van der Schueren adds, “We enter 2025 in similar business conditions to 2024 but as a much stronger company, with revenue growth across all our business segments and an even more significant improvement in profitability.  We achieved this through careful cost management while continuing to fully fund our engineering teams and software development programs.

    “In late 2024 we instituted a share buyback program, committing €1 million to buy back and cancel shares as a sort of tax-free dividend to all shareholders. There are strict limits to the number of shares we can buy and the price we can pay for shares, but the impact on our share price has been significant already and we plan to continue this initiative throughout 2025.”

    Financial highlights

    For the year ended 31 December
    In thousands of euros 2024 2023
    Continuing operations    
    Revenue 51,501 48,043
    Operating loss (3,090) (1,161)
    Loss before tax (3,361) (1,667)
    Tax credit 653 2,986
    (Loss)/Profit from continuing operations (2,708) 1,319
    Loss on sale of discontinued operation, net of tax (120) –
    (Loss)/Profit for the period (2,828) 1,319
         
    EBITDA – continuing operations 11,989 7,306
         
    Adjusted operating profit – continuing operations 7,204 2,517
    Adjusted net profit – continuing operations 6,952 1,676
         
    Basic earnings per share (euro) – continuing operations (0.09) 0.04
    Adjusted net basic earnings per share (euro) – continuing operations 0.21 0.05
         
    Cash and cash equivalents 9,513 7,079
    Loans & borrowings (6,500) (7,800)
    Net cash/(debt) 3,013 (721)

    The consolidated pre-tax result for continuing operations was a loss of €3.36 million compared with a loss of €1.67 million in 2023. The increase in the loss of €1.69 million is due to:

    • an increase in revenue of €3.46 million;
    • a decrease in cost of sales of €0.59 million;
    • a decrease in selling, general and administrative expenses of €0.58 million
    • an increase of €6.28 million impairment charge on goodwill;
    • an increase in research and development expenses of €0.17 million;
    • an increase in other operating expenses of €0.06 million;
    • a decrease in other income of €0.05 million;
    • an increase in net finance expenses of €0.02 million; and
    • a decrease in foreign exchange losses of €0.26 million.

    Revenue for the Printing Software Segment was €16.67 million for the year (2023: €14.94 million). During 2024 new contracts were agreed with two existing customers which resulted in €4.3 million of revenue being recognised. In 2023 a new contract was agreed with an existing customer which resulted in €2.6 million of revenue being recognised in that year.

    Revenue for the Printhead Solutions segment was €11.59 million for the year (2023: €11.30 million). In 2022 revenue in this segment had been severely impacted by the shortage of its most commonly used chip. In 2023 it recovered significantly throughout the year which continued into 2024 although at a slower pace.

    Revenue for the Enterprise Software segment was €23.24 million for the year (2023: €21.81 million). In 2023 the segment experienced unfavourable business conditions in its two most important markets, the United States and Germany, which improved in 2024. For the segment year-over-year license royalty income increased by €0.8 million, maintenance and after-sale support services income €0.4 million and services income by €0.2 million.

    Gross profit for the period decreased to 84% of revenue (2023: 82%), primarily due to the lower mix of printing electronics related sales during the year, which have a lower level of gross margin than software because of their manufacturing costs.

    Included in selling, general and administrative expenses is amortisation of €0.90 million (2023: €0.97 million) related to intangible assets recognised as a result of acquisitions.

    In 2024 the Group recorded a goodwill impairment charge of €6.28 million (2023: €nil) in aggregate.

    Research and development expenses includes the capitalisation and amortisation of internally generated intangible assets and the amortisation of certain intangible assets recognised as a result of acquisitions. During the period there was a net capitalisation of development expenditure of €0.53 million (2023: €1.39 million) and amortisation of acquired intangible assets of €4.57 million (2023: €4.76 million).

    The net capitalisation of development expenditure was comprised of €3.45 million (2023: €3.82 million) of capitalised expenditure less €2.92 million (2023: €2.43 million) of amortisation.

    Total operating expenses increased by €5.93 million, or 14.56% compared to the same period in the prior year. Making abstraction of the goodwill impairment of €6.28 million, total operating expenses decreased by €0.35 million, or 0.86% compared to the same period in the prior year.

    Foreign exchange gains and losses are primarily due to the revaluation of currency balances held at the balance sheet date and the change in exchange rates during the year.

    The Company presents EBITDA (earnings before interest, tax, depreciation and amortisation) and adjusted profit when reporting its financial results to provide investors with an additional tool to evaluate the Group’s results in a manner that focuses on what the Group believes to be its underlying business operations.  The Group’s management believes that the inclusion of adjusted financial results provides consistency and comparability with past reports.

    Additional commentary and analysis of the Company’s consolidated results for the year ending 31 December 2024 can be found in the annual report and financial statements.

    Should you wish to receive a printed copy of the annual report, please send an e-mail to investor-relations@hybridsoftware.group or make your request in writing, for the attention of the Company’s Chief Financial Officer, to 2030 Cambourne Business Park, Cambourne, Cambridge, CB23 6DW, UK.

    Annual General Meeting
    The Company will hold its annual general meeting on Thursday 15 May 2025.  The official notice of the meeting will be available on the Company’s website at: https://www.hybridsoftware.group/investors/shareholders-annual-general-meeting.

    About Hybrid Software Group
    Through its operating subsidiaries. Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

    Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology experts ColorLogic, printing software developers Global Graphics Software, enterprise software developer HYBRID Software, 3D design and modelling software developers iC3D, the industrial printhead driver solutions specialists Meteor Inkjet, and pre-press workflow developer Xitron.

    Contacts

    Attachment

    The MIL Network –

  • MIL-OSI: BSN Finance Outperforms the Competition—Voted Best Australian Trading Company

    Source: GlobeNewswire (MIL-OSI)

    Singapore, March 19, 2025 (GLOBE NEWSWIRE) — In a defining moment for Australia’s financial sector, BSN Finance has been named the Best Australian Trading Company, solidifying its reputation as a market leader in cutting-edge trading solutions. This recognition comes as BSN Finance continues to outperform competitors, providing investors with powerful analytics, seamless execution, and data-driven market insights.

    As the demand for high-performance trading platforms grows, BSN Finance has emerged as the top choice for traders and investors across Australia, thanks to its advanced technology, real-time stock indicators, and institutional-grade execution speeds.

    A Market Leader in Trading Innovation

    Winning the title of Best Australian Trading Company is a testament to BSN Finance’s commitment to delivering cutting-edge solutions for stock market investors. The platform’s award-winning technology integrates:

    • Real-time stock analytics to help investors identify optimal trade opportunities.
    • High-speed execution capabilities, reducing slippage and maximizing returns.
    • Smart risk management tools for greater portfolio stability.
    • Customizable trading dashboards, tailored for Australian market conditions.

    By leveraging machine learning, advanced data analysis, and automated trading insights, BSN Finance ensures investors gain a competitive edge in stock trading.

    Why Australian Investors Prefer BSN Finance

    With a strong focus on the Australian Securities Exchange (ASX), BSN Finance provides localized insights and market-specific trading tools that help traders navigate the Australian stock market with precision.

    Unlike global platforms that cater to multiple regions, BSN Finance is uniquely designed to meet the needs of Australian investors, ensuring optimized trade execution, relevant stock data, and real-time analysis tailored for the ASX.

    This localized approach has driven a surge in user satisfaction, with traders praising the platform’s efficiency, accuracy, and ease of use.

    What Traders Are Saying About BSN Finance

    The impact of BSN Finance is best reflected in the experiences of its growing community of traders:

    Michael T., Sydney – “I’ve used multiple trading platforms, but BSN Finance is by far the best. The real-time stock indicators have helped me make smarter investment decisions, and the execution speed is unmatched!”

    Samantha L., Melbourne – “As a long-term investor, I rely on accurate market insights. BSN Finance gives me the data I need to analyze trends effectively, and their risk management tools have made my portfolio much more secure.”

    Daniel R., Brisbane – “I was skeptical about switching platforms, but BSN Finance has exceeded my expectations. The depth of market data and seamless interface make trading easier and more efficient than ever!”

    Emily K., Perth – “I love how BSN Finance is built for Australian traders. Their ASX-focused analytics are a game-changer, and I finally feel like I have the tools I need to trade with confidence.”

    Setting the Benchmark for Trading Technology

    As trading technology continues to evolve, BSN Finance remains committed to pushing the boundaries of market intelligence and execution performance. By focusing on data-driven trading solutions, the platform ensures that Australian investors have access to world-class tools and real-time insights to stay ahead of the market.

    The recognition as Best Australian Trading Company is a reflection of BSN Finance’s dedication to continuous improvement, innovation, and investor success.

    About BSN Finance

    BSN Finance is a premier financial technology company, providing advanced trading solutions for Australian investors. With a focus on market analytics, portfolio management tools, and cutting-edge execution technology, the platform is designed to help traders maximize their performance in the stock market.

    The MIL Network –

  • MIL-OSI: The Clearing House SVP of Product Strategy Ben Isaacson Named Co-Chair of Financial Data Exchange (FDX) Board 

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, March 19, 2025 (GLOBE NEWSWIRE) — Financial Data Exchange (FDX), a CFPB-recognized standard-setting body for Open Banking in the U.S., recently announced that Ben Isaacson, Senior Vice President of Product Strategy at The Clearing House, has been appointed as FDX Board Co-Chair. Isaacson has been a member of the FDX Board since 2019 and brings extensive expertise in financial data standards, payments innovation, and industry collaboration.

    “We are very grateful to have Ben stepping into this role at such a pivotal time for the industry,” shared Kevin Feltes, CEO of FDX. “His leadership and long-standing commitment to advancing industry standards will be invaluable as we continue driving forward on key initiatives in financial data sharing.”

    As SVP of Product Strategy at The Clearing House, Isaacson has worked closely with financial institutions, regulators, and industry stakeholders to modernize financial data standards. His leadership in driving innovation aligns with FDX’s mission to create a unified, interoperable, and more secure open banking ecosystem.

    “I’m honored to step into the role of FDX Co-Chair and continue working alongside Jane Barratt and the broader FDX community,” said Ben Isaacson. “FDX has made incredible progress in standardizing more secure data sharing, and I look forward to contributing to its ongoing success.”

    About FDX
    Financial Data Exchange (FDX) is a non-profit organization operating in the US and Canada that is dedicated to unifying the financial industry around a common, interoperable, royalty-free standard for secure and convenient consumer and business access to their financial data. FDX empowers users through its commitment to the development, growth, and industry-wide adoption of the FDX API, according to the principles of control, access, transparency, traceability, and security. Membership is open to financial institutions, fintech companies, financial data aggregators, consumer advocacy groups, payment networks and other industry stakeholders. For more information and to join, visit www.financialdataexchange.org.

    Contact info:
    Porche Matthews
    Marketing Manager
    pmatthews@financialdataexchange.org

    The MIL Network –

  • MIL-OSI: Pushpay Announces Leadership Transition and the Appointment of Kenny Wyatt as New CEO

    Source: GlobeNewswire (MIL-OSI)

    REDMOND, Wash., March 19, 2025 (GLOBE NEWSWIRE) — Pushpay, the leading payments and engagement solutions provider for mission-driven organizations, announces the appointment of Kenny Wyatt as CEO, leading Pushpay into its next chapter of innovation to strengthen connections, enhance generosity, and empower ministries with transformative technology. This planned leadership transition comes as current CEO, Molly Matthews, transitions into a new role as Senior Advisor to the Board on April 1, 2025, which is when Wyatt will take the helm as Pushpay’s CEO.

    “Serving as CEO of Pushpay has been one of the greatest privileges of my career. While this transition marks a new chapter for me personally, my advisory role supports my commitment to the company’s long-term vision and continued success,” said Matthews. “Kenny has already made a tremendous impact since joining Pushpay, and his vision for our company is inspiring and bold. His deep passion for the Church, customer-centric leadership, and commitment to our mission makes him the right leader to propel Pushpay into the future.”

    Currently serving as Pushpay President, Wyatt is an accomplished leader with a diverse background in technology, telecom, and faith-tech industries. He has held leadership roles at major corporations such as Bank of America, Sprint, Vonage, CenturyLink, and was previously CEO at think-cell. More notably, Wyatt previously served as the Chief Operating Officer at Faithlife and has a deep understanding of the needs of the Church. He is eager to weave together his professional expertise with his personal passion for ministry as he steps into the CEO role at Pushpay. He resides in Castle Rock, CO, with his family and is actively involved in their local church, in addition to global ministry programs. Wyatt will be based out of Pushpay’s Colorado Springs office, while maintaining an active presence at the company’s headquarters in Redmond, Wa.

    “I’ve followed the Pushpay journey for quite some time and am honored for the opportunity to lead Pushpay into the future,“ said Wyatt. “Pushpay is undoubtedly the leader in our category, but I truly believe we’re just getting started. As ministry leaders navigate a rapidly evolving digital landscape, it’s a privilege to be at the forefront of technology innovation that enables them to expand their reach, deepen engagement, and serve their communities more effectively.”

    Over the years, Pushpay has played a pivotal role in helping lead the digital transformation of the Church, reshaping how mission-driven organizations connect, give, and engage with their communities. As CEO, Wyatt aims to build on Pushpay’s long-standing foundation, focusing immediate efforts on meeting the evolving needs of the Church through modernized customer support and bold product innovation.

    To support this strategy, today Pushpay is also pleased to announce Gruia Pitigoi-Aron has joined the Company as its Chief Product Officer. Pitigoi-Aron brings more than two decades of experience in product leadership, including a 10-year tenure at The Trade Desk, where he led the product and UX teams to create the leading independent demand side platform in ad-tech. He has dedicated time to serve on nonprofit boards that align with his personal and professional passions including current leadership at Redeem International, Mount Hermon Camp and Conference Center, and is actively involved in his local church as an elder.

    “Pushpay’s mission deeply resonates with me personally and I’m honored to join a team that’s passionate about serving the Church and committed to delivering solutions that empower ministries to grow and thrive,” said Pitigoi-Aron. “As we look to the future, our team has an ambitious vision for the future of our products, rooted in serving the needs of ministry leaders and their community.”

    Gratitude for an Era of Impact
    During Matthews’ tenure, both as CEO and Chief Customer Officer, Pushpay has solidified its position as a market leader in church engagement technology, expanding its ChMS, giving, and engagement solutions through key acquisitions, including Church Community Builder and Resi Media. These strategic additions have enabled churches to seamlessly manage their ministries, enhance digital engagement, and reach their communities through high-quality livestreaming and analytics-driven insights. Today, Pushpay technology facilitates nearly 1.3 million moments of connection each week, helping churches and nonprofits foster deeper relationships and maximize their impact. As she joins Pushpay’s Senior Advisory Board, Matthews will continue to provide strategic guidance, leveraging her expertise to support the ongoing success of Pushpay and its more than 14,000 customers. To learn more about Pushpay and the transition, visit www.pushpay.com.

    About Pushpay
    Pushpay empowers mission-driven organizations to engage their communities by bringing people together and fostering meaningful connections. Through its innovative suite of products, Pushpay helps create cultures of generosity by streamlining donation processes, enhancing communications, and strengthening relationships. Pushpay’s purpose-built ministry solutions include ChurchStaq, ParishStaq, Pushpay Insights, Resi, and more – all designed to simplify operations and provide data-driven insights to support the mission of its customers. Whether managing donations, organizing events, or connecting with community members, Pushpay’s integrated tools enable ministry leaders to focus on what matters most – growing their ministry and deepening engagement. For more information visit www.pushpay.com.

    US Media / PR Contact: Chelsea Looney PR@pushpay.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/680296c6-1a11-47a9-8e08-89e56ff74260

    The MIL Network –

  • MIL-OSI: Landsbankinn hf.: Results of the 2025 AGM of Landsbankinn

    Source: GlobeNewswire (MIL-OSI)

    The annual general meeting (AGM) of Landsbankinn, held on 19 March 2025, agreed to pay a dividend amounting to ISK 18,892 million to shareholders.

    The dividend is equivalent to 50% of 2024 profits. The dividend will be paid in two tranches, firstly on 26 March 2025 and secondly on 17 September 2025. As a result, total dividend paid by the Bank in the years 2013-2025 amounts to ISK 210.6 billion.

    At the AGM, held in Reykjastræti 6, Jón Thorvarður Sigurgeirsson, Chairman of the Board of Directors, delivered the report from the Board of Directors for 2024. Lilja Björk Einarsdóttir, CEO, spoke of the Bank’s operation, strategy and activities in the past operating year.

    The Bank’s annual financial statement was approved, as was the proposed Remuneration Policy and remuneration to Directors of the Board. The AGM elected Ríkisendurskoðun as the company’s auditor for the 2025 operating year. The Auditor General, in accordance with an authorisation to outsource tasks, and following a tender process, has nominated auditing firm PricewaterhouseCoopers ehf. as auditor of the company’s annual financial statement for the operating year 2025.

    The following persons were elected Directors and Alternates to sit on the Board of Landsbankinn hf. until its next AGM:

    Directors:

    • Jón Thorvarður Sigurgeirsson (Chairman)
    • Eva Halldórsdóttir
    • Kristján Th. Davíðsson
    • Rebekka Jóelsdóttir
    • Steinunn Thorsteinsdóttir
    • Thór Hauksson
    • Örn Guðmundsson

    Alternates:

    • Sigurður Jón Björnsson
    • Stefanía G. Halldórsdóttir

    Hjörleifur Pálsson was elected as external member to the Bank’s Audit Committee.

    For further information contact:

    Rúnar Pálmason, Public Relations, pr@landsbankinn.is

    Hanna Kristín Thoroddsen, Investor Relations, ir@landsbankinn.is

    Attachment

    The MIL Network –

  • MIL-OSI: EIB submits SEC Form 18-K/A Amendment n. 14 – Entry into force of change to EIB Statute

    Source: GlobeNewswire (MIL-OSI)

    For immediate release

    19 March 2025

    EIB submits SEC Form 18-K/A Amendment No. 14

    The European Investment Bank (EIB) has submitted its SEC Form 18-K/A Amendment No. 14.

    To view the document, please go to EDGAR Filing Documents for 0000950157-25-000239

    The 18-K/A has also been posted on the EIB website:

    Amendment to the Annual Report 2023 (Form 18-K/A Amendment No 14)

    ENDS

    The MIL Network –

  • MIL-OSI: Performance of Global Bioenergies’ sustainable aviation fuel confirmed: injection and combustion tests carried out

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE

    Performance of Global Bioenergies’ sustainable aviation fuel confirmed: injection and combustion tests carried out

    Injection tests defined in collaboration with Safran Aircraft Engines and carried out by CERTAM

    Combustion tests performed by ONERA

    Evry, 19 March 2025 – 05:45 p.m.: Global Bioenergies’ Sustainable Aviation Fuel (SAF) has been tested in collaboration with Safran on the injection phase, and with ONERA on the combustion phase.

    The Company supplied a batch of SAF to Safran, the world’s second-largest aircraft equipment manufacturer, to evaluate the specific properties of Global Bioenergies’ SAF, used in its neat form, during the fuel injection phase prior to combustion in the engine. This phase is crucial to ensure, among other things, high efficiency and therefore lower fuel consumption. A test campaign was carried out near Rouen at CERTAM (regional innovation center of technological exchange in aerothermal and engines).

    Frédéric Ollivier, CTO at Global Bioenergies, says:” The various simulations carried out by the CERTAM demonstrator have enabled us to test the behavior of our fuel under various conditions representative of an aircraft engine. Injecting Global Bioenergies’ SAF, without blending it with kerosene, produces a spray of fine, homogeneous droplets, very similar to the spray from Jet A-1, the standard fossil kerosene. These tests are feeding into the data that enable a better match between engine and fuel.”

    ONERA, the French aerospace research center, has also carried out tests on a laboratory burner to quantify the particles emitted during combustion of Global Bioenergies’ SAF.

    Emission levels were measured using neat SAF from Global Bioenergies, Jet A-1 as a control, and a blend of 50% SAF and 50% Jet A-1 (the maximum proportion currently authorized by ASTM when certifying Global Bioenergies’ process). These three batches of fuel were injected into the laboratory burner in order to quantify and characterize the non-volatile particles emitted during combustion, i.e. soot. Several representative conditions were tested to simulate soot emission levels, both on the ground and in flight.

    The results obtained using neat SAF from Global Bioenergies show a 40-99% reduction in soot emissions compared with Jet A-1 fuel, depending on the conditions tested in the laboratory. The results obtained from the 50-50 blend show a reduction in particulate matter that is globally proportional to the SAF incorporation rate.

    Louise Ganeau, research engineer at ONERA, explains:” Soot emitted during fuel combustion has an impact on air quality in airport areas. Incorporating SAFs such as Global Bioenergies’ into the fossil fuel landscape would help reduce soot emissions locally, and cut particulate pollution. Furthermore, from an environmental standpoint, SAF have a role to play in reducing net CO₂ emissions thanks to the way they are manufactured.”

    Marc Delcourt, co-founder and CEO of Global Bioenergies, concludes:” The properties of our fuel had already been validated when it obtained ASTM certification. The tests carried out today in the best French laboratories go even further in characterizing our product. These validations strengthen the attractiveness of our offer.”

    About GLOBAL BIOENERGIES

    As a committed player in the fight against global warming, Global Bioenergies has developed a unique process to produce SAF and e-SAF from renewable resources, thereby meeting the challenges of decarbonising air transport. Its technology is one of the very few solutions already certified by ASTM. Its products also meet the high standards of the cosmetics industry, and L’Oréal is its largest shareholder with a 13.5% stake. Global Bioenergies is listed on Euronext Growth in Paris (FR0011052257 – ALGBE).

    Contacts

    Attachment

    The MIL Network –

  • MIL-OSI: Westland Insurance unveils new benefits brand: Westland Benefits

    Source: GlobeNewswire (MIL-OSI)

    Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), March 19, 2025 (GLOBE NEWSWIRE) — Westland Insurance is proud to announce the launch of its new benefits brand, Westland Benefits, in BC, effective April 1, 2025. This launch marks a significant milestone in Westland’s continued growth, uniting its acquired benefits firms under one powerful national brand to better serve businesses across Canada.  

    Westland Benefits combines the personalized service and deep expertise of a boutique advisory firm with the scale, resources, and market influence of one of Canada’s largest insurance brokerages – offering employers of all sizes tailored, end-to-end benefits solutions.  

    Westland Insurance has appointed Matt Mann as the President of Westland Benefits. With extensive expertise in the benefits space and proven leadership in the insurance industry, Mann will oversee the growth and expansion of Westland Benefits across Canada. 

    “We’re excited to introduce Westland Benefits to BC,” said Jamie Lyons, President & CEO of Westland Insurance. “Over the past few years, we’ve made significant investments to strengthen our Employee Benefits offerings, including acquiring several high-performing advisory firms. Bringing these capabilities together under one unified brand – led by Matt – allows us to better serve our clients, compete more effectively in the market, and drive innovation at scale.”  

    The launch of Westland Benefits positions Westland to deliver a broader suite of benefits solutions – including group life and disability insurance, retirement and savings plans, key person coverage, and holistic wellness programs – to employers across most geographies in Canada. With plans to expand the Westland Benefits brand nationally, the company is poised to become a recognized leader in the Canadian benefits space.  

    “Launching Westland Benefits brand in BC is just the beginning – we’re at a breakthrough stage in terms of developing our national platform,” says Matt Mann, President of Westland Benefits. “I’m excited to lead this next chapter as we expand our operations across Canada. By bringing together our advisory culture, access to national insurance markets, and deep industry expertise, we’re uniquely positioned to help businesses of all sizes build competitive and high impact benefits programs.” 

    As part of this transition, Westland Benefits will bring together the existing operations of Dupuis Langen and Montridge Advisory Group, two highly regarded benefits firms that have played a key role in shaping the company’s success in the space. Clients can expect the same dedicated service and expertise they’ve always received, now under a unified national brand. 

    The introduction of Westland Benefits reinforces Westland Insurance’s commitment to helping Canadian businesses navigate the complex benefits landscape — ensuring organizations have access to innovative, people-focused solutions that drive employee well-being and business success. 

    For more information about Westland Benefits, visit our website.  

    – 30 – 

    About Westland Insurance Group:   

    Westland Insurance Group is one of the largest and fastest growing insurance brokers in Canada. Trading over $4 billion of premium, Westland continues to expand coast to coast. Westland’s brokers provide expertise and advisory-based services across commercial, personal, employee benefits, farm, and specialty insurance segments. The company’s mission is to protect individuals, businesses, and communities across Canada with trusted advice and tailored insurance solutions. As a Canadian-based company, Westland is proud to support local communities, Canadian jobs, and a strong economy. For more information, please visit westlandinsurance.ca.

    The MIL Network –

  • MIL-OSI: Who Can Actually Do Your Digital Transformation? Your Summer Intern.

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, March 19, 2025 (GLOBE NEWSWIRE) — DreamFactory and Adalo have announced a strategic partnership to eliminate data bottlenecks and empower employees to build business applications without IT intervention.

    The problem with making things better in corporate America
    They are called ‘data silos’ for a reason, and the bigger the company, the harder it becomes for any innovative spirit to come to life. Within the basement of many Global 2000 companies lies a farm of mainframes multiple decades old, and custom-enterprise contracts require any actual customization to occur through pre-approved consultants armed with GANTT charts that never measure beneath 12 months in length. Legacy systems even stopped DOGE, eliciting cabinet-level frustration from Elon Musk himself that “these systems are so old, my people cannot even connect to the data to see what’s going on.” No wonder 70% of digital transformation projects fail, according to the Boston Consulting Group (BCG)1.

    Bottleneck buster

    DreamFactory and Adalo have partnered to end this ‘integration madness’–providing instant plumbing to old systems and the canvas for employees to create the applications they need to get stuff done–all without any need for coding.

    DreamFactory, a LLM and Application Data Gateway, automates what what many firms are struggling with–connecting old and new systems together while adhering to strict data compliance and security. Through creating a portfolio of standardized Application Programming Interfaces (APIs) behind the corporation’s firewall (even in an air-gapped environment such as the DoD), DreamFactory creates a Control Layer for all system data. These APIs are then federated by Roles Based Access Control, meaning that central IT can determine who gets access to what type of data, solving the problem of LLMs retrieving sensitive data and giving it to those it shouldn’t (known as the deterministic data problem in AI).

    Adalo then takes the data served through DreamFactory’s APIs and is able to represent it in any type of application that a team needs. Featuring a drag-and-drop visual canvas with intuitive flows, Adalo is a No Code builder optimized for creating full-scale applications, including automatic publishing to Apple and Google Play App Stores.

    Executive Insight
    “We’re seeing summer interns looking to take on eight-figure business problems–solving the pain associated with legacy systems that are just too expensive to replace. A great example is a workforce dependent on an ERP and several other systems. Instead of slaving internal processes to what these systems need, eating up employee and manager time, companies are creating custom apps in-house that are fast and intuitive. The idea is these fast internal apps then feed the relevant information back to the older systems. The employees bypass consultants, central IT resourcing, and often any imposed cost centre thresholds. Then, of course, there is a real win and sense of ownership for the team,” said James Crennan, CEO of Adalo and Chair of DreamFactory.

    Why It Matters:
    Legacy systems are bleeding corporate budgets dry while throttling innovation and security. The numbers are staggering:

    • IT Budget Drain: Companies spend up to 80% of their IT budgets just maintaining outdated systems instead of innovating (McKinsey, 2023). Globally, legacy maintenance costs exceed $1.14 trillion per year (Mechanical Orchard, 2025).
    • Productivity Black Hole: Employees waste up to three hours per day due to slow, fragmented legacy systems, costing businesses $35,000 per employee annually (UK Productivity Report, 2024). IT teams are equally drained—spending up to 25 hours per week patching legacy systems (CIO Dive, 2024).
    • Cybersecurity Risks: Aging infrastructure is a prime target for hackers, with unpatched vulnerabilities being the root cause of major breaches like Equifax (147M records exposed) and WannaCry ($4 billion in damages) (Forbes, 2023).
    • Regulatory & Compliance Headaches: Outdated IT makes it harder to meet data regulations like GDPR and CCPA, leading to over $2 billion in fines in 2023 (Statista, 2024).
    • Development Bottlenecks: Legacy-bound companies take 6-18 months longer to launch new digital products, forfeiting 3-8% in annual revenue due to missed market opportunities (Forrester, 2023).

    Companies that modernize see up to 40% gains in productivity, 50% faster transaction speeds, and IT cost reductions of up to 41% (McKinsey, 2024).

    The message is clear: modernizing outdated systems isn’t just an IT decision—it’s a business survival strategy.

    Call to Action:
    For senior executives ready to accelerate their digital transformation, discover how Adalo and DreamFactory are turning everyday employees into agents of change. Reach out to Adalo today for more information or to schedule a demo.

    About Adalo
    Adalo is a leading no-code platform that empowers businesses to build web and mobile applications with a simple drag-and-drop interface. Serving startups to enterprise teams, Adalo transforms ideas into impactful digital solutions without the need for extensive coding.

    About DreamFactory
    DreamFactory is an API integration platform that automatically generates secure REST APIs for diverse data sources, unifying legacy and modern systems under one secure access control plane. Its innovative approach enables enterprises to integrate and extend critical systems efficiently and securely.

    Contact Information

    James Crennan – CEO Adalo, Chairman DreamFactory – james.crennan@adalo.com, +1 (775) 577-7769

    Glen Little – Director of Operations, Adalo – glen.little@adalo.com

    Terence Bennett – CEO DreamFactory – terence.bennett@dreamfactory.com

    References

    1. Boston Consulting Group (2020) Flipping the Odds on Digital Transformation Success. Available at: https://www.bcg.com/publications/2020/increasing-odds-of-success-in-digital-transformation (Accessed: 12 March 2025).
    2. McKinsey & Company (2023) AI for IT modernization: Faster, cheaper, better. Available at: https://www.mckinsey.com (Accessed: 12 March 2025).
    3. Mechanical Orchard (2025) Legacy’s drag on productivity. Available at: https://www.mechanicalorchard.com (Accessed: 12 March 2025).
    4. UK Productivity Report (2024) The cost of inefficient systems on workforce productivity. Available at: https://www.ukproductivity.gov.uk (Accessed: 12 March 2025).
    5. CIO Dive (2024) The hidden costs of maintaining legacy IT. Available at: https://www.ciodive.com (Accessed: 12 March 2025).
    6. Forbes (2023) How outdated IT led to major cybersecurity breaches. Available at: https://www.forbes.com (Accessed: 12 March 2025).
    7. Statista (2024) Global fines for data compliance failures. Available at: https://www.statista.com (Accessed: 12 March 2025).
    8. Forrester Research (2023) The impact of legacy systems on revenue and digital agility. Available at: https://www.forrester.com (Accessed: 12 March 2025).
    9. McKinsey & Company (2024) The cost of technical debt and modernization ROI. Available at: https://www.mckinsey.com (Accessed: 12 March 2025).

    1 ‘Flipping the Odds of Digital Transformation Success’ – BCG

    The MIL Network –

  • MIL-OSI: XRP Goes Multi-Chain: Bitget Wallet’s Super DEX Unlocks XRP Trading Amid Ripple’s Legal Win

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, March 20, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, now enables seamless XRP trading through its Super DEX, offering users deep liquidity, optimized swap routes, and gas fee flexibility across multiple chains.

    Super DEX offers a seamless multi-chain trading experience, integrating 130+ blockchains and aggregating liquidity from top DEXs for secure and efficient swaps. It enables XRP and other long-tail asset trading with intelligent routing and slippage optimization, ensuring the best execution. Built-in gas abstraction allows users to pay network fees with multiple mainstream tokens, removing friction from cross-chain transactions. With robust security measures and MEV protection by default, Bitget Wallet ensures safe, unrestricted access to XRP trading as its adoption grows for borderless payments.

    Following the U.S. SEC’s recent decision to drop its appeal against Ripple, XRP has surged in market confidence, reinforcing its position as a key digital asset for cross-border payments. To celebrate, Bitget Wallet is launching an XRP trading campaign for new users, featuring a $10,000 prize pool in XRP and Gas Vouchers. From March 19, 23:00 to March 21, 23:00 (UTC+8), new Bitget Wallet users who cross-chain swap at least $50 in XRP will receive $10 in XRP and Gas Vouchers, available on a first-come, first-served basis. With $5,000 in XRP and $5,000 in Gas Vouchers up for grabs, this campaign aims to introduce more users to Super DEX’s XRP trading capabilities, making cross-chain swaps easier than ever.

    “Our goal is to make Web3 trading effortless, and this XRP campaign is the perfect way to welcome new users into the ecosystem,” said Alvin Kan, COO of Bitget Wallet. “With XRP’s resurgence, we are doubling down on our commitment to cross-chain accessibility, allowing traders to capitalize on market trends without the friction of high fees or complicated processes.”

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser and crypto payment solutions. Supporting over 130 blockchains, 20,000+ DApps, and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c1d27ed-0d14-4085-be84-26f0b92e8c47

    The MIL Network –

  • MIL-OSI: BlueShift Exits Stealth with $2.1M in Pre-Seed Funding to Enable U.S. Self-Reliance Amid Changing Energy Landscape

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, March 19, 2025 (GLOBE NEWSWIRE) — BlueShift, the electrochemical climate tech innovator, today emerged from stealth with the announcement of a successful $2.1 million pre-seed funding round. ConocoPhillips Company, Ridgeline and the Massachusetts Clean Energy Center (MassCEC), with participation from others, have provided funding to enable BlueShift to begin construction of its pilot facility.

    Working out of North America’s largest climate tech incubator, Greentown Labs, and MIT’s The Engine accelerator, BlueShift will direct the bulk of its funding to the first pilot installation of its electrochemical technology in Boston Harbor.

    Combining proprietary membrane-free technology from the University of Michigan, Harvard and supported by ARPA-E—along with additive manufacturing elements and existing infrastructure—BlueShift’s innovative electrochemical systems process alkaline industrial waste and seawater to isolate critical minerals using infrastructure commonly found at desalination and power plants. As a bonus, BlueShift’s low-cost, energy-efficient technologies also extract CO2 directly from seawater as limestone, helping to address the growing environmental issue of ocean acidification.

    “BlueShift was founded with the mission of promoting economic resilience by unlocking underutilized resources using advanced technologies,” said BlueShift Founder & CEO Deep Patel. “And there is perhaps no other class of resources better positioned to benefit from this mission today than that of critical minerals and rare earth elements (REEs). Given the dramatic scale of environmental degradation, operational inefficiencies, and global trade imbalances plaguing this market, we felt it was imperative to develop a more sustainable, scalable, and geopolitically stable source of these vital resources. The result is a new system that addresses all of these issues while also offering a low-cost, energy-efficient method for direct carbon dioxide removal (CDR) from our Earth’s ailing oceans.”

    Why a New Path to Critical Mineral Extraction Is Needed Now More Than Ever

    Like most traditional mining practices, those used in the extraction of critical minerals and REEs cause significant environmental damage, including ecosystem destruction, water pollution, and toxic waste production.

    Nonetheless, multiple trillion-dollar global industries depend on these raw materials to produce everything from steel and cosmetics to advanced battery technologies. Indeed, the demand for critical minerals for clean energy technologies is expected to nearly triple by 2030.

    Adding to the challenge, China currently accounts for 70% of global REE extraction, 87% of global REE processing, and roughly two-thirds of the world’s processing and refining capacity for critical minerals. Domestic sources of these raw materials have become increasingly important for both the U.S. sustainable energy goals and national security.

    A Closer Look at BlueShift’s Electrochemical Technology

    Recognizing these problems, the BlueShift team developed its electrochemical systems to unlock resilient, rapidly scalable critical mineral supply chains. Past efforts at isolating these minerals from industrial waste have struggled to scale due to the high energy costs and intensive capital requirements associated with prevailing electrochemical processes.

    This is where BlueShift’s innovations stand apart. Using efficient, modular electrochemical units combined with the power of the ocean, BlueShift’s system is up to 10 times more energy efficient than competing technologies. Furthermore, by avoiding the use of previous materials or bipolar membranes, BlueShift’s technology requires significantly reduced capital expenditures.

    Simultaneously, these technologies offer a low-cost, energy-efficient means of combatting ocean acidification through direct carbon dioxide removal from seawater. In fact, within 14 months of its deployment, BlueShift’s Boston Harbor pilot facility is expected to see a 30x increase in total carbon dioxide removed annually.

    How BlueShift’s Technology Is Advancing the Energy Transition

    “Meeting our climate goals is going to require low-cost, large-scale carbon dioxide removal. BlueShift’s electrochemical technology is a promising new solution to this problem, while its domestic production of critical minerals could contribute to resilient supply chains for clean-energy industries,” said David Wilson, Investment Principal at the Massachusetts Clean Energy Center. “We’re delighted to be working with the team, as they build their company and pilot the technology in Massachusetts, and glad to have ConocoPhillips bringing its energy industry expertise and support.”

    BlueShift’s business model comprises multiple distinct revenue streams, including the sale of: critical minerals such as nickel, REE products such as neodymium and dysprosium, carbon credits, and licensing and engineering packages to utilities, desalination plants, and others.

    The BlueShift team has already secured several suppliers of input materials for the extraction of critical minerals and REE, including coal ash and olivine mining waste. Both inputs will be processed over the next three quarters as an initial go-to-market implementation of their electrochemical technology and carbon removal system. Additional capital will be used to acquire key production materials, fulfill various technical milestones, and recruit top-tier talent.

    “BlueShift raises the bar for sustainable industrial innovation—advancing domestic critical-mineral production while capturing carbon from seawater. At Ridgeline, we’re proud to back a team proving we can unlock vital resources and build a more resilient future,” said Ridgeline Co-Founder & Managing Partner Ryan Clinton.

    About BlueShift

    Founded in 2024 by a small team of academics, engineers, and climate-tech veterans, BlueShift’s mission is to cultivate economic resilience and environmental sustainability by unlocking underutilized resources with advanced technologies. The company’s electrochemical mineral extraction with carbon removal system is designed to provide more sustainable, scalable, and cost-effective access to alternative critical mineral supply chains, while simultaneously helping to combat climate change. The company utilizes a redox-based, membrane-free electrochemical process to upcycle industrial waste into critical minerals like nickel, and rare earth elements like neodymium, while capturing carbon dioxide directly from the ocean—ultimately enabling industrial sectors to access sustainable sources of these vital materials while simultaneously removing gigatons of excess carbon dioxide from the Earth’s oceans. To learn more about BlueShift, please visit http://buildblueshift.com.

    Media Contact:
    Janabeth Ward
    Scratch Marketing + Media for BlueShift
    blueshift@scratchmm.com

    The MIL Network –

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 19.3.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 19 March 2025 at 6.30 PM (EET)
         
         
    WithSecure Corporation: SHARE REPURCHASE 19.3.2025
         
    In the Helsinki Stock Exchange    
         
    Trade date           19.3.2025  
    Bourse trade         Buy  
    Share                  WITH  
    Amount             15 000 Shares
    Average price/ share    0,9547 EUR
    Total cost            14 320,50 EUR
         
         
    WithSecure Corporation now holds a total of 196 890 shares
    including the shares repurchased on 19.3.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
         
    On behalf of Withsecure Corporation  
         
    Nordea Bank Oyj    
         
    Janne Sarvikivi           Sami Huttunen  
         
         
    Contact information:    
    Laura Viita    
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation    
    Tel. +358 50 4871044    
    Investor-relations@withsecure.com    
         
         
         
         

    Attachment

    The MIL Network –

  • MIL-OSI: North Dallas Bank & Trust Co. Declares Regular Dividend

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, March 19, 2025 (GLOBE NEWSWIRE) — On March 18, 2025, the Board of Directors of North Dallas Bank & Trust Co. (OTCBB: NODB) declared a regular dividend of $0.10 per share, payable to shareholders of record as of April 18, 2025, with said dividend payable on April 24, 2025.

    The current dividends are based on NDBT’s current financial condition and are not a guarantee that dividends will continue to be paid in the future. Further information about NDBT’s dividend declaration is available from Glenn Henry, Chief Financial Officer.

    ABOUT NDBT  
    Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management, and innovative online banking tools. Member FDIC. NDBT is an Equal Housing Lender. For more information, call 972.716.7100, or visit online at www.ndbt.com. 

    Media Contact:
    Brian C. Jensen
    972-716-7124
    brian.jensen@ndbt.com

    The MIL Network –

  • MIL-OSI: Hidden Tax Challenges for Small Businesses: FreshBooks 2025 Tax Trend Report

    Source: GlobeNewswire (MIL-OSI)

    Toronto, CANADA, March 19, 2025 (GLOBE NEWSWIRE) — FreshBooks, a leader in cloud-based accounting software for small businesses and accountants, released its in-depth report on how small business owners are thinking about their taxes in 2025. The report uncovers trends among American small business owners on what’s going behind the scenes about their tax habits, fears, and what they do to procrastinate. 

    “At FreshBooks, we understand that tax season can be a source of stress for many small business owners. Our ‘2025 Small Business Tax Trends: Procrastinator or Planner’ report highlights that only 26% of small businesses feel confident about their tax submissions,” said Faye Pang, Chief Growth Officer at FreshBooks. “The data reveals a concerning trend: many small businesses, the backbone of our economy, are essentially ‘winging it’ when it comes to tax submissions. This may lead to costly penalties and unnecessary financial risk. It’s why having an accounting solution like FreshBooks is so important – we keep the hard parts of running a business, easy.”

    Key Takeaways 

    • Confidence gap: Only 26% of small business owners and freelancers feel completely confident about their taxes.
    • Tax preparation methods: Small business owners and freelancers primarily manage their taxes through software (35%) or by hiring accountants (33%).
    • Top challenges: The biggest tax-related headaches include organizing receipts (35%), understanding complex tax laws (33%), and identifying proper deductions (32%).
    • Procrastination trends: While 78% claim to start tax preparation early, 51% of Gen Z self-employed individuals wait until the last minute.
    • Tax compliance: Tax compliance is primarily motivated by fear, with 46% concerned about penalties and 37% worried about potential audits.

    Read the full report.

    Methodology: 
    FreshBooks designed and conducted an online survey of approximately 1,300 self-employed individuals, freelancers, and small business owners from the United States. Participants were sourced through an online panel representing a diverse range of small businesses across various industries, revenue levels, and employment sizes. The study examined tax preparation habits, challenges, and attitudes across demographic segments.

    The survey’s margin of error is +/- 2.7% at 95% confidence.

    About FreshBooks

    FreshBooks is a leading cloud-based SaaS accounting software platform built for small business owners and consistently ranks #1 for ease of use. With an emphasis on keeping things simple and stress-free wherever possible, FreshBooks makes the hard parts of running a business easier. With Freshbooks, small businesses can get paid faster and spend less time on administrative tasks and paperwork, so they can focus on what they do best — growing their businesses.

    The MIL Network –

  • MIL-OSI: Ress Life Investments A/S publishes annual report

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments A/S
    Corporate Announcement no. 10/2025
    Annual Report 2024

     http://www.resslifeinvestments.com/

    Corporate Announcement no. 10/2025: Annual Report Ress Life Investments A/S,
    1 January – 31 December 2024

    Copenhagen, 19 March 2025

    The Board of Directors and Management have today discussed and approved the Annual Report of Ress
    Life Investments A/S for the period 1 January 2024 – 31 December 2024.

    Key results and highlights:

    • Ress Life Investments A/S realised a net profit before and after tax of USD 20,463,751 for the period 1 January – 31 December 2024.
    • The net asset value per share in the Group increased with 6.5% during the financial year.
    • The profit for the year is mainly a result of fair value adjustments of life insurance policies offset by administrative expenses and staff costs.
    • The fair value of the Group’s investment assets decreased from USD 356,920,259 at 31 December 2023 to USD 284,310,582 at 31 December 2024.
    • The Group’s investments in treasury bills increased from USD 4,936,925 at 31 December 2023 to USD 4,991,360 at 31 December 2024.
    • Equity stands at USD 293,732,907 at 31 December 2024, corresponding to a net asset value of USD 2,595 per share compared with a net asset value of USD 2,437 at 31 December 2023.
    • During the period, 5,701 new ordinary shares were issued and 43,350 shares were bought back from investors and no shares were resold to investors. The Group holds 62,375 treasury shares at 31 December 2024.
    • Management continues to expect that the life insurance policy market will offer attractive returns for the medium term.

    Questions related to this announcement can be made to the Company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 27

    Yours sincerely,

    Ress Life Investments A/S

    Board of Directors

    Attachments

    The MIL Network –

  • MIL-OSI: Kvika banki hf.: Annual General Meeting 26 March 2025 – final proposals of the Board

    Source: GlobeNewswire (MIL-OSI)

    On 5 March 2025, Kvika‘s Board of Directors issued a Meeting Announcement to the Annual General Meeting (AGM) of Kvika banki hf., scheduled for March 26, at 4:00 pm, to be held at Nauthóll in Reykjavík. At the same time, the Board published its motions for the AGM, noting that, in light of an ongoing buy-back programme at the time of publication, it intended to update the proposal for a reduction in share capital through cancellation of own shares and corresponding amendment to the Articles of Association, in accordance with the number of own shares on 19 March 2025. The Board has reviewed the current number of own shares, which stands at 92.041.303 and proposes a share capital reduction of 91.073.340 and that the Articles of Association will be amended accordingly. Kvika‘s Board of Directors have amended its proposals accordingly, and final motions of the Board are to be found here.

    Additionally, attention is drawn to the following. Shareholders or their proxies who wish to attend the meeting, either online or in person at Nauthóll, are asked to register here  no later than 4:00 pm on 24 March, two days before the AGM. The registration must be accompanied by a photo of valid identification and power of attorney, if applicable. Voting will take place through Lumi AGM, whether shareholders attend the meeting at Nauthóll or participate electronically.

    Further information on registration and participation on the AGM is accessible here and all meeting documents are available on the Company’s website, www.kvika.is/en/agm.

    The MIL Network –

  • MIL-OSI: Beamr Cloud Now Available to Members of NVIDIA’s Startup and ISV Programs at Special Rates

    Source: GlobeNewswire (MIL-OSI)

    Herzliya Israel, March 19, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced that Beamr Cloud video service is now available to members of NVIDIA’s startup and ISV programs at special rates, helping accelerate their AI development and deployment with high-quality, high-performance, GPU-accelerated video operations. The program members can learn more and request the benefit through the NVIDIA Inception and NVIDIA Connect member portals.

    “Our high-impact engagement with NVIDIA expands with this new offering to over 22,000 startups and ISVs in the NVIDIA Inception and Connect programs,” said  Beamr CEO, Sharon Carmel. “We look forward to delivering our high-quality, high-performance solutions to program members across industries leveraging video at scale – including media and entertainment, user-generated content, machine learning, autonomous vehicles, and more”.

    The NVIDIA Inception program helps startups accelerate innovation and growth with developer resources and training, preferred pricing on NVIDIA products, and opportunities for VC exposure. NVIDIA Connect is a free program that helps ISVs shorten time-to-market through training on the latest accelerated computing technologies, expert guidance, and exclusive pricing on NVIDIA hardware and software.

    Beamr Cloud, available on Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI), delivers high-efficiency, scalable video processing, reducing video file size by 30%-50% while lowering CDN, networking and storage costs for VoD and live up to 4K resolution at 60 frames per second (4Kp60). As GPUs are the pixel domain of AI, Beamr enriches videos with AI-powered capabilities, such as visual enhancement and super resolution, in real time during the transcoding process. It supports all major video formats (AVC, HEVC, AV1) and simplifies video modernization to advanced codecs.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law. investorrelations@beamr.com

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network –

  • MIL-OSI: Lufkin Industries Announces Sale of North America Downhole business to Q2 Artificial Lift Services

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 19, 2025 (GLOBE NEWSWIRE) — Lufkin Industries (“Lufkin”), a global leader in surface production equipment and automation solutions, has announced the sale of its North America Downhole (“NAM Downhole”) business to Q2 Artificial Lift Services (“Q2”), a leading provider of downhole reciprocating pumps. This transaction aligns with Lufkin’s strategic focus on its core surface business and Q2’s focus on subsurface business, positioning both companies for long-term growth and profitability. Terms of the transaction were not disclosed.

    “This transition allows us to focus on Lufkin’s core strengths of Software, Automation, Surface Equipment and comprehensive service to our domestic and international customers, areas where Lufkin has for over 120 years been an industry leader,” said Brent Baumann, CEO Lufkin Industries. “By transitioning our NAM Downhole business to Q2, we are ensuring that our customers continue to receive world-class support while allowing Lufkin to invest further in innovation and growth within our core areas. We are confident that Q2 will be an excellent steward of the NAM Downhole business and great partner to the customers and employees transitioning as part of this sale.”

    Under the terms of the agreement, both downhole pump and rods assets team members and related customer relationships within North America will transition to Q2, ensuring continuity of service and support. Q2 Artificial Lift Services, known for its commitment to excellence in the sale, service, engineering and manufacturing of downhole reciprocating pumps, will integrate the NAM Downhole business into its portfolio, further strengthening its capabilities and expanding its reach into rods.

    Doug Quinn, CEO/President of Q2 ALS, said “We are extremely excited about this particular acquisition as it immediately strengthens our artificial lift products and services and expands our employee roster with highly skilled technical depth.  Additionally, with respect to US Rod, this part of the deal further expands our ability to provide a complete downhole system for our customer base. We have built a very dominant presence in the market, and this acquisition further demonstrates our continued commitment to the downhole artificial lift community across all of North America.”

    Both companies are working closely to ensure a seamless transition for all customers, employees and business partners. The sale reinforces Lufkin’s commitment to its flagship surface production and automation business while enhancing Q2’s position in the downhole market to include rods as well as expanding its downhole pump capabilities.

    For more information about Lufkin Industries please visit www.Lufkin.com. For more information on Q2 Artificial Lift Services please visit www.Q2ALS.com.

    About Lufkin Industries

    Lufkin Industries is a leading provider of surface production equipment, automation solutions, and oilfield services, helping operators optimize efficiency and maximize production. With a legacy of engineering excellence and innovation, Lufkin has been at the forefront of the energy industry for over 120 years, delivering high-quality Beam Pumping Units, advanced automation technologies, and global service solutions. By focusing on its core strengths, Lufkin continues to drive innovation and support the evolving needs of the oil and gas sector. For more information, visit www.Lufkin.com.

    About Q2 Artificial Lift Services

    Q2 Artificial Lift Services is a World Class Rod Lift System Solutions company that specializes in the sales, service, engineering and manufacturing of downhole reciprocating pumps. We are a fully integrated company with over 40+ repair and service locations strategically located across Western Canada and the United States. For more information, visit www.Q2ALS.com.

    The MIL Network –

  • MIL-OSI: BYDFi Officially Lists Mubarak ($MUBARAK) and Mubarakah ($MUBARAKAH)

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 19, 2025 (GLOBE NEWSWIRE) — The globally recognized crypto exchange BYDFi has officially listed Mubarak ($MUBARAK) and MUBARAKAH ($MUBARAKAH) tokens, allowing users to trade directly using their account balance or purchase via fiat transactions with ease. Additionally, users can participate in the 8,100 USDT newcomer event, where they can earn rewards by completing tasks and investing at a low cost. More details can be found on the BYDFi official website or by downloading the official app.

    Mubarak ($MUBARAK) Surges, 24-Hour Trading Volume Exceeds $339 Million

    Mubarak ($MUBARAK) is a BSC-based Meme Coin launched by four.meme, which has rapidly gained traction through extensive social media exposure. The term “Mubarak” means “blessing” in Arabic, symbolizing prosperity and good fortune, aligning perfectly with its recent market performance.

    On March 12, 2025, Abu Dhabi-based investment firm MGX injected $2 billion into Binance. The day after the investment announcement, CZ (@cz_binance) shared a tweet from Binance’s Chinese official account featuring a Middle Eastern figure, captioning it “mubarak” (meaning “blessing”). He then went on to like and retweet multiple community memes, further fueling the hype. On March 15, CZ publicly purchased 20,155 MUBARAK tokens for 1 BNB, stating “Weekend testing.” This action propelled MUBARAK’s market cap to $140 million, igniting investor enthusiasm and pushing its valuation close to $150 million.

    Beyond its unique meme culture, Mubarak offers a distinctive feature – the Mubarak Meme Creator Tool, available at mubarak.dev. This tool enables users to create custom Mubarak-themed stickers, fostering viral social media engagement and further amplifying its popularity.

    The explosive growth of $MUBARAK can largely be attributed to its cultural significance, which enhances its appeal as a meme coin. Strong community participation, combined with strategic social media marketing, has further fueled its exposure, sustained interest, and increased trading volume. Moreover, efficient blockchain technology and Binance’s strategic trading approach played pivotal roles in its success.

    As of this writing, $MUBARAK is priced at $0.1642, reflecting a 549.64% increase from its all-time low, with a 24-hour trading volume of $339 million, marking another all-time high.

    MUBARAKAH ($MUBARAKAH): Riding the Binance Hype, Social Media Fuels Market Excitement

    Simultaneously, $MUBARAKAH followed suit, mirroring the success of $MUBARAK. Binance Vice President He Yi (@heyibinance) shared an image of a Middle Eastern woman on social media. Given that Mubarakah is a common term associated with Middle Eastern women, this move drew massive market attention to $MUBARAKAH. The token leveraged Binance’s brand influence, providing a strong foundation for its future growth.

    As of this writing, $MUBARAKAH is priced at $0.005, with a 24-hour trading volume of $2.36 million,and it still has potential to be unlocked.

    About BYDFi

    Founded in 2020, BYDFi is recognized by Forbes as one of the world’s top 10 crypto exchanges, trusted by over 1,000,000 global users. The upcoming “MoonX” is a professional Memecoin trading tool designed specifically for “degen” traders. MoonX supports over 500,000 trading pairs, integrating smart trading tools, comprehensive market analysis, and advanced technology to help users track smart money and snipe the next 1,000x Meme coin. BYDFi is committed to delivering a world-class crypto trading experience. BUIDL Your Dream Finance.

    Contact Us

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

    The MIL Network –

  • MIL-OSI: Primary Dealer Agreements

    Source: GlobeNewswire (MIL-OSI)

    The Minister of Finance and Economic Affairs tasks the Central Bank of Iceland’s Government Debt Management department with concluding primary dealer agreements on issuance of Treasury securities and market making in the secondary market.

    Resident entities that have an operating licence in accordance with Article 4, Paragraph 1 of the Act on Financial Undertakings, no. 161/2002, that have the equipment needed to participate in Treasury securities auctions and can demonstrate a secure settlement of transactions through the Central Bank of Iceland, may request to be parties to the agreement.

    Primary dealers have the exclusive right to submit bids at regular auctions where Treasury securities are offered. They also receive access to special facilities such as repurchase agreements for government bonds, in accordance with the relevant rules and the applicable terms and conditions.

    Primary dealers act as market makers for government bonds and are obliged to submit bid and ask quotes for a certain minimum amount in each series of government bonds, in accordance with the bid-ask maximum spread specified in the agreement.

    Further information can be found in the attached sample primary dealer agreement. Those parties wishing to become primary dealers in Treasury securities are requested to send digitally signed agreements to the Government Debt Management department at the Central Bank of Iceland before 16:00 hrs. Friday 21 March 2025.

    Further information can be obtained from Björgvin Sighvatsson, Head of Government Debt Management, at tel +354 569 9600.

    Attachment

    The MIL Network –

  • MIL-OSI: Alaris Equity Partners Income Trust Declares Q1 Distribution

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES. 
    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

    CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (“Alaris” or the “Trust”) (TSX: AD.UN) announces that the Board of Trustees of the Trust (the “Board”) has declared a trust distribution (“Distribution”) of $0.34 per trust unit for the first quarter of 2025, representing $1.36 per unit on an annualized basis. The Distribution is payable on April 15, 2025 to unitholders of record on March 31, 2025.

    About Alaris:

    The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Private Company Partners“) primarily through structured equity. The primary goal of our structured equity investments is to deliver stable and predictable returns to our unitholders through both cash distributions and capital appreciation. This strategy is enhanced by common equity positions, which allow us to generate returns in alignment with the founders of our Private Company Partners.

    For further information please contact:
    Investor Relations
    P: (403) 260-1457
    ir@alarisequity.com

    Alaris Equity Partners Income Trust
    Suite 250, 333 24th Avenue S.W.
    Calgary, Alberta T2S 3E6
    www.alarisequitypartners.com

    The MIL Network –

  • MIL-OSI: LambdaTest Introduces WebView Testing with Playwright to Enhance Mobile Application Quality

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, March 19, 2025 (GLOBE NEWSWIRE) — LambdaTest, a leading cloud-based unified testing platform has announced support for WebView testing using Playwright, providing developers and QA engineers with a seamless way to validate the functionality of applications that rely on embedded web browsers. This enhancement ensures a more streamlined testing process, reducing the complexities traditionally associated with WebView testing.

    WebView components play a crucial role in modern mobile applications, often serving as the bridge between native and web-based experiences. However, testing these components has historically been a challenge due to device-specific behaviors and inconsistencies. By integrating WebView testing into Playwright, LambdaTest enables teams to run their test scripts on cloud-based real devices, ensuring accurate and reliable results.

    With this support, users can easily configure their test environments, update dependencies, and execute tests without the need for extensive local setups. The Playwright integration allows for real-time debugging and parallel execution, helping teams accelerate their testing cycles while maintaining high-quality application performance.

    “Testing WebView applications has always been a challenge due to varying device behaviors and configurations,” said Mayank Bhola, Co-Founder and Head of Products. “With this Playwright integration, we are simplifying the process, enabling teams to catch issues early, improve test reliability, and deliver high-quality applications at a faster pace.”

    In addition to WebView testing, LambdaTest continues to expand its cloud testing capabilities, offering a wide range of solutions for cross-browser and mobile testing. This latest release further strengthens LambdaTest’s commitment to providing developers with the tools they need to ensure optimal user experiences across platforms.

    For more information on WebView testing with Playwright, visit https://www.lambdatest.com/support/docs/playwright-webview-test/

    About LambdaTest

    LambdaTest is an AI-native, omnichannel software quality platform that empowers businesses to accelerate time to market through intelligent, cloud-based test authoring, orchestration, and execution. With over 15,000 customers and 2.3 million+ users across 130+ countries, LambdaTest is the trusted choice for modern software testing.

    • Browser & App Testing Cloud: Enables manual and automated testing of web and mobile apps across 10,000+ browsers, real devices, and OS environments, ensuring cross-platform consistency and reliability.
    • HyperExecute: An AI-native test execution and orchestration cloud that runs tests up to 70% faster than traditional grids, offering smart test distribution, automatic retries, real-time logs, and seamless CI/CD integration.
    • KaneAI: The world’s first GenAI-native testing agent, leveraging LLMs for effortless test creation, intelligent automation, and self-evolving test execution. It integrates directly with Jira, Slack, GitHub, and other DevOps tools.

    For more information, please visit, https://lambdatest.com

    The MIL Network –

  • MIL-OSI: ThoughtSpot Appoints Micheline Nijmeh as Chief Marketing Officer

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., March 19, 2025 (GLOBE NEWSWIRE) — ThoughtSpot, the AI-native Intelligence Platform, has announced the appointment of Micheline Nijmeh as Chief Marketing Officer (CMO). Reporting to CEO Ketan Karkhanis, this strategic appointment to the leadership team underscores ThoughtSpot’s commitment to disrupting the old ways of business intelligence and empowering every decision maker with the power of data.

    Nijmeh is a seasoned marketing executive known for her data-driven approach, with a proven track record of building brands and driving transformation and growth at industry-leading companies, including ZScaler, Salesforce, and Xactly. Most recently she served as CMO at JFrog (Nasdaq: FROG) where she joined the company during its IPO and played a key role in driving its post-IPO growth, market expansion, and brand evolution. Nijmeh has been recognized as Silicon Valley Business Journal’s Women of Influence, a testament to her leadership and dedication to driving impact and diversity in technology.

    “Micheline has helped shape some of the most transformative companies across multiple industries,” said Ketan Karkhanis, Chief Executive Officer at ThoughtSpot. “Her deep expertise in data-driven marketing across both enterprise and product-led-growth motions, combined with her proven track record of crafting impactful go-to-market strategies, make her the ideal CMO to help define the future of the autonomous enterprise and drive the intelligence imperative forward for our customers.”

    In her new role, Nijmeh will spearhead ThoughtSpot’s global marketing strategy and end-to-end customer journey, focusing on increasing brand awareness and driving significant market growth across core markets.

    “I am thrilled to join ThoughtSpot at this pivotal moment. In today’s dynamic market, leveraging data and AI is no longer a luxury, it’s a necessity. Yet, many organizations are still grappling with fragmented data and limited access to actionable insights,” said Micheline Nijmeh, Chief Marketing Officer at ThoughtSpot. “ThoughtSpot’s complete intelligence platform sets it apart as a democratizing force, empowering everyone from the data analyst building models, to the C-Suite executive preparing for board meetings. I look forward to amplifying ThoughtSpot’s impact of bringing this transformative power to every customer.”

    Nijmeh joins ThoughtSpot after the company posted significant fiscal growth in Fiscal Year 2024, closing with 40% year-over-year SaaS growth and more than doubling its monthly active users. ThoughtSpot also unveiled a significant expansion to the company’s artificial intelligence capabilities with the launch of Spotter, an agentic AI analyst, followed by the launch of Analyst Studio, a creator space that empowers data teams to get data ready for AI and analytics.

    In the last year, ThoughtSpot has bolstered its senior leadership, including Ketan Karkhanis as Chief Executive Officer, Brad Roberts as Chief Financial Officer, Ahmed Quadri as Chief Customer Officer, Anthony Lee-Masis as Chief Information Security Officer, and Francois Lopitaux as SVP and General Manager of Emerging Technologies and Products.

    About ThoughtSpot
    ThoughtSpot is the AI-native Intelligence Platform for every enterprise. Our mission is to create a more fact-driven world by empowering everyone to explore any data, ask any question, and uncover actionable insights faster—leading to growth, better business outcomes, and efficiency in their organizations. With ThoughtSpot’s intuitive natural language search, every user can confidently generate answers from their business data at every point of decisioning. The platform’s unified capabilities, along with our agentic AI analyst, Spotter, enable users to create precise, transparent, personalized, and actionable insights with enterprise grade trust, security, and scale. Accessible via the web and mobile app, ThoughtSpot ensures intelligent decision-making happens seamlessly, wherever and whenever needed. For developers, ThoughtSpot Embedded offers a low-code solution to integrate AI-powered analytics directly into products and services, driving data monetization and boosting user engagement for customers. Industry leaders like NVIDIA, Hilton Worldwide, Capital One and Huel rely on ThoughtSpot to transform how their employees and customers take advantage of data to create better business outcomes. Try ThoughtSpot today and experience the new era of analytics.

    PR Contact:
    Lindsay Noonan
    Director of Communications, ThoughtSpot
    press@thoughtspot.com 

    The MIL Network –

  • MIL-OSI: Alliance Witan PLC – Annual Financial Report and Notice of Meeting

    Source: GlobeNewswire (MIL-OSI)

    Alliance Witan PLC
    LEI: 213800SZZD4E2IOZ9W55

    19 March 2025

    Annual Report and Notice of 2025 Annual General Meeting

    Further to the release of Alliance Witan PLC (the ‘Company’) Annual Results on 7 March 2025, the Company announces that it has now published the Annual Report and Accounts for the year ended 31 December 2024 (the ‘Annual Report’) which also includes the Notice of the 2025 Annual General Meeting.

    A copy of the Annual Report is now available on the Company’s website at https://www.alliancewitan.com/documents

    In accordance with Listing Rule 6.4.1R, a copy of the Annual Report has been submitted to the National Storage Mechanism (NSM) and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

    Juniper Partners Limited
    Company Secretary

    The MIL Network –

  • MIL-OSI: SoftServe Wins NVIDIA’s 2025 Americas NPN Service Delivery Partner of the Year

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 19, 2025 (GLOBE NEWSWIRE) — SoftServe, a premier IT consulting and digital services provider, today announced it has been selected as an NVIDIA Partner Network (NPN) 2025 partner of the year for service delivery in the Americas region. Being named NVIDIA’s 2025 Americas NPN Service Delivery Partner of the Year is a direct reflection of SoftServe’s catalyst work developing and launching a series of Generative AI (Gen AI) solutions built with NVIDIA Blueprints, providing a conduit for rapid enterprise AI adoption.

    SoftServe’s Service Delivery Partner of the Year Award recognize the company’s impact accelerating enterprise deployments with NVIDIA AI Enterprise and NVIDIA Omniverse using custom NVIDIA Blueprints that tap into NVIDIA NIM microservices, including the SoftServe QA Agent, which is the eighth SoftServe Gen AI solution in the series to hit the market.

    “Our teams helped propel NVIDIA Blueprints forward through rapid creation and execution of eight quality solutions that are driving Gen AI proliferation, integration, and innovation across many industries,” said Harry Propper, CEO of SoftServe. “This award is a testament to SoftServe’s mission to make our customers and partners successful. It’s also a well-deserved win underscored by the fact that SoftServe was organically nominated without prompt or application. Our hard work, ingenuity, and close collaboration with the NVIDIA team is what got us here today.”

    The global NPN Program provides partners with the expertise required to develop, deploy, and prioritize energy-efficient accelerated computing solutions designed for today’s most demanding machine learning and AI workloads. Previously, SoftServe was named the 2024 Consulting Partner of the Year for EMEA and the 2023 Outstanding Impact Partner of the Year, demonstrating the company’s strong support in the NVIDIA ecosystem.

    “Businesses racing to adopt AI seek trusted partners with a proven track record of delivering seamless AI experiences,” said Craig Weinstein, Vice President, Americas Partner Organization, NVIDIA. “SoftServe has demonstrated broad expertise in deploying tailored applications built with NVIDIA AI Enterprise, NVIDIA NIM microservices, and NVIDIA Omniverse to help businesses drive results across agentic and physical AI.”

    This year’s awards were announced during NVIDIA’s annual conference, GTC 2025, following the launch of SoftServe QA Agent, which aims to boost quality and assurance (QA) processes with AI test automation. SoftServe is showcasing three immersive demos, including the seventh solution Gen AI Retail Shopping Assistant, at GTC booth #1009.

    Catch the experts in action with presentations on AI content creation, space mission design with NVIDIA Omniverse, and more topics outlined in the GTC 2025 Session Catalog. For those at home to learn more about SoftServe’s collaboration with NVIDIA, please visit this website.

    ABOUT SOFTSERVE
    SoftServe is a premier IT consulting and digital services provider. We expand the horizon of new technologies to solve today’s complex business challenges and achieve meaningful outcomes for our clients. Our boundless curiosity drives us to explore and reimagine the art of the possible. Clients confidently rely on SoftServe to architect and execute mature and innovative capabilities, such as digital engineering, data and analytics, cloud, and AI/ML.

    Our global reputation is gained from more than 30 years of experience delivering superior digital solutions at exceptional speed by top-tier engineering talent to enterprise industries, including high tech, financial services, healthcare, life sciences, retail, energy, and manufacturing. Visit our website, blog, LinkedIn, Facebook, and X (Twitter) pages for more information.

    The MIL Network –

  • MIL-OSI: Landsbankinn hf.: Senior non-preferred bond issuance in NOK

    Source: GlobeNewswire (MIL-OSI)

    Senior non-preferred bond issuance in NOK

    Today, Landsbankinn concluded the sale of floating rate senior non-preferred bonds in the amount of NOK 500 million. The bonds have a 5-year tenor and an issuer call option after 4 years (5NC4). The bonds were priced at a spread of 165bps over 3-month NIBOR.

    The bonds will be issued under the bank’s EMTN programme and will be admitted to trading on Euronext Dublin as of 26 March 2025.

    Nordea acted as a dealer on the transaction.

    The MIL Network –

  • MIL-OSI: Halo Service Solutions Appoints Jack Parsons as Official Ambassador

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 19, 2025 (GLOBE NEWSWIRE) — Halo Service Solutions is excited to announce the appointment of Jack Parsons as Halo’s Official Ambassador.

    This strategic role is designed to amplify Halo’s engagement with younger demographics and reinforce its position as a leader in innovative service solutions.

    Jack Parsons is an energetic, ambitious, and kind-hearted entrepreneur, renowned for his leadership and his knack for making things happen. As CEO of Youth Group, Jack has grown the organisation into a vibrant community that includes 1.8 million young people and 100,000 businesses, significantly impacting the UK’s youth employment landscape. Under his leadership, Youth Group has helped over 105,000 young individuals find jobs and mentorship, earning a place as #25 in the UK’s Top 100 Startups.

    His accolades include being named the UK’s Kindest Leader by the Financial Times, Most Connected Young Entrepreneur, and Digital Leader of the Year. A LinkedIn Top Voice in the UK, Jack is a prominent figure in discussions about work, money, and health. With roots in Essex and a passion born from his own challenges with social mobility and career support, Jack is driven to help others succeed in their career paths.

    In his role as Youth Ambassador, Jack Parsons will leverage his expertise and influence to promote Halo’s initiatives and drive greater involvement with youth-centric programs. His activities will include leading dynamic workshops, delivering inspirational keynote speeches, and utilizing his substantial social media following to enhance Halo’s visibility and impact within the youth community.

    Paul Hamilton, Founder and CEO of Halo Service Solutions, said: “Jack’s energetic approach and proven leadership make him the ideal choice to help us inspire and connect with the next generation. His deep understanding of youth culture and his ability to turn bold ideas into reality will be invaluable as we expand our reach and impact.”

    Jack Parsons, responding to his new role, stated: “I am thrilled to represent Halo and Paul and look forward to contributing to their visionary work. Together, we will create new opportunities and build a vibrant community of young innovators.”

    This appointment marks the beginning of a series of initiatives planned over the next year to strengthen Halo’s community connections and drive meaningful engagement.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a0434f1-0138-46a1-bc54-52c3623a64db

    The MIL Network –

  • MIL-OSI: Hola Prime Unveils Enhanced Compliance Review Framework to Strengthen Fair Trading Practices

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, March 19, 2025 (GLOBE NEWSWIRE) — Hola Prime has presented a major enhancement to its compliance framework, reinforcing its commitment to transparency and accountability in proprietary trading. As regulators and market participants call for greater compliance, Hola Prime has implemented a robust monitoring system to uphold fair and ethical trading practices.

    Hola Prime’s compliance structure is a 24/7 Compliance Review system designed to ensure fair and ethical trading practices. A dedicated compliance team actively monitors trade execution, fund allocation, and reviews trader activity in real-time, preventing potential market manipulation and irregularities. Each trader undergoes an extensive review before being funded, eliminating any potential exploitation of loopholes and ensuring that all profits stem from genuine, skill-based trading rather than artificial tactics.

    Risk management is another pillar of Hola Prime’s approach. The internal audit team conducts continuous assessments and reviews of financial stability and risk exposure, identifying potential compliance gaps before they escalate. Proprietary trading firms often operate in a grey area, but Hola Prime’s commitment to stringent internal audits ensures accountability in every aspect of its operations. By proactively addressing risks, the firm provides a stable and predictable environment for traders.

    Payouts, often a contentious issue in prop trading, undergo a rigorous reconciliation process at Hola Prime. Each transaction is subject to dual-layer approval to prevent unauthorized withdrawals. The firm prioritizes liquidity planning, ensuring that reserves are always maintained to facilitate seamless trader payouts. This includes a rapid withdrawal system, enabling traders to access their earnings within an hour. Collaborations with leading payment service providers such as Rise and multiple cryptocurrency networks further optimize transaction efficiency, ensuring smooth and reliable fund transfers.

    Hola Prime’s simulated-to-live trading model serves as an additional safeguard. This system enables real-time risk assessment and seamless order execution, leveraging advanced algorithms and a parallel liquidity infrastructure. By minimizing execution lag and monitoring market exposure, the firm mitigates risk while maintaining optimal trade flow. Regular IT security audits further bolster these measures, ensuring that system access and transactions remain secure and compliant with international cybersecurity standards.

    One of the most unique aspects of Hola Prime’s compliance strategy is its approach to trader monitoring. The firm conducts in-depth evaluations of trading patterns, ensuring that no participant engages in practices that could compromise market integrity. This includes monitoring order flow management, identifying discrepancies in trading behavior, and preventing activities that may indicate manipulation.

    Transparency is a cornerstone of Hola Prime’s operational philosophy. Every financial decision, from earnings allocation to trader payouts, is backed by structured financial planning and accountability measures. The firm’s daily financial comparisons ensure that payouts for the next day are planned well in advance, with funds being kept separately to meet all the liabilities of the next day. In addition, an extra reserve of 35% is also kept as cushion funds, to make provision for any unforeseen expenses.

    Hola Prime also places a strong emphasis on compliance with global anti-money laundering (AML) protocols. A robust Know Your Customer (KYC) and AML framework ensures that only legitimate traders participate on the platform, reducing the risk of fraudulent activities. The firm conducts thorough background checks and transaction monitoring, preventing any attempts at money laundering or financial misconduct. By prioritizing trader integrity over sheer numbers, Hola Prime fosters a responsible trading community where only serious traders thrive.

    The company’s dedication to transparency is further exemplified through its industry-leading Price Transparency Report. This report offers a tick-by-tick comparison of Hola Prime’s pricing against industry benchmarks, allowing traders to independently verify execution quality. Forex markets, known for their decentralized nature and price discrepancies, often leave traders questioning the fairness of their trades. Hola Prime’s proactive approach addresses this concern, providing a publicly available record of price movements that reinforces trust and accountability.

    Ashutosh Sharma, Head of Risk and Compliance at Hola Prime, highlights the importance of financial prudence in the firm’s approach. “We don’t just aim to be profitable; we aim to be sustainable. Our liquidity planning ensures that trader payouts are secured in advance, preventing any shocks. We maintain separate accounts for company expenses and trader funds, reinforcing integrity at every level.”

    Another crucial component of Hola Prime’s compliance framework is its approach to liquidity and order flow management. The firm ensures that the gap between simulated and live trading execution remains under two minutes, maintaining efficiency while reducing market impact. Exposure limits are meticulously calculated, taking into account actual cash reserves, liabilities, and additional financial cushions. By capping risk exposure in accordance with its financial standing, the firm ensures that it never overextends its market position.

    Technology plays a vital role in Hola Prime’s compliance-driven ecosystem. From automated risk assessments to real-time transaction monitoring, the firm leverages advanced software to enhance its oversight capabilities. System checks and IT audits are conducted regularly, reinforcing data security and ensuring seamless trading operations.

    Somesh Kapuria, CEO of Hola Prime, believes that trust is the key to long-term success in prop trading. “Our traders deserve to know how we operate. We don’t believe in hiding behind complex structures or ambiguous policies. Transparency isn’t just a marketing term for us – it’s the foundation of our business. By implementing rigorous compliance standards, we ensure that Hola Prime remains a trusted platform where traders can focus on their craft without concerns over financial mismanagement.”

    In an industry often marred by uncertainty, Hola Prime stands as a beacon of reliability. Its stringent compliance measures, robust financial planning, and unwavering commitment to transparency set it apart as a leader in ethical prop trading. With its structured approach to governance, the firm is proving that self-regulation, when done right, can be just as effective as formal oversight—if not more so. For traders seeking a platform built on trust and accountability, Hola Prime continues to raise the bar.

    Social Links

    Facebook: https://www.facebook.com/profile.php?id=61565158992654&sk=about_contact_and_basic_info

    Instagram: https://www.instagram.com/holaprime_global/

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

    X: https://x.com/HolaPrimeGlobal

    Discord: https://discord.gg/TJ7TcHPXBf

    Quora: https://www.quora.com/profile/HolaPrime/

    Reddit: https://www.reddit.com/user/HolaPrime/

    Medium: https://medium.com/@social_46267

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    The MIL Network –

  • MIL-OSI: EquityZen Named “Best Retail Investment Platform” in 2025 FinTech Breakthrough Awards Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) — EquityZen, the leading pre-IPO marketplace for individual accredited investors, today announced that it has been selected as winner of the “Best Retail Investment Platform” award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

    EquityZen’s marketplace connects buyers and sellers of shares in pre-IPO companies, making the private market accessible to accredited individual investors with one of the category’s lowest investment minimums of $5,000. EquityZen leverages its established network and reputation to offer curated investment offerings in leading venture backed technology companies to investors across industries like artificial intelligence, cybersecurity, and fintech. By providing exclusive private market data and insights, EquityZen empowers clients to make informed decisions. The comprehensive investment platform delivers secure, compliant, fully streamlined processes and an intuitive, personalized interface. Guidance from private market investment specialists is also available.

    As a private market leader, EquityZen has enabled over 44,000 company-approved private market investments in over 450 late-stage companies for their clients since 2013.

    “EquityZen is opening up the private markets to the widest possible audience of investors and shareholders, not just the institutions who have always been able to invest in them. Companies are staying private longer than ever, making private market investing an essential component of a diversified portfolio,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Over the last decade, growth equity returns have moved to the private market, and EquityZen is answering the growing investor demand for private market access. By automating an antiquated offline process, EquityZen is leading the charge of building more efficient, cost-effective, and transparent private markets for investors of all sizes.”

    The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders, and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech, and many more.

    “Our 710,000+ clients are predominantly individual investors, many of whom we’ve enabled to invest in late stage private companies for the first time. We believe the private market is the home of innovation and want to open investment access to as many investors as possible,” said Atish Davda, CEO and co-founder of EquityZen. “It’s an honor to be named ‘Best Retail Investment Platform’ by FinTech Breakthrough. We’ll continue to innovate and build a platform that can enable private markets for the public.”

    EquityZen Inc. was awarded a 2024 Fintech Breakthrough Award by Tech Breakthrough LLC on March 19, 2025, based on the prior year and covering calendar year 2024, and has compensated FinTech Breakthrough LLC for use of its name and logo in connection with the award. FinTech Breakthrough LLC is a third party and has no affiliation with EquityZen.

    About EquityZen
    Since 2013, the EquityZen marketplace has enabled the buying and selling of shares in private companies. EquityZen brings together over 700,000 investors and shareholders, providing liquidity to early shareholders and private market access to accredited investors for as little as $5,000 up to well over $5 million. Having completed more than 45,000 private placements in more than 450 private companies, EquityZen leads the way in delivering “Private Markets for the Public”.

    Media Contact
    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    The MIL Network –

  • MIL-OSI: BexBack Launches No KYC, 100x Leverage Crypto Futures Trading, Double Deposit Bonus & $50 Welcome Bonus

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 19, 2025 (GLOBE NEWSWIRE) — Following President Donald Trump’s announcement to include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) in the U.S. Strategic Crypto Reserve, the crypto market has experienced significant volatility. This led Bitcoin to surge past $94,000, while other major altcoins followed suit, reaffirming short-term market turbulence.

    As analysts predict continued volatility, simply holding spot positions may not generate profits. 100x leverage futures trading has become the preferred tool for experienced investors looking to maximize returns from market fluctuations. To meet growing demand, BexBack Exchange is offering exclusive promotions:

    • 100% Deposit Bonus – Double your funds instantly.
    • $50 Welcome Bonus – For new users after completing their first trade.
    • 100x Leverage on Crypto Trading – Maximize potential profits.
    • No KYC Required – Start trading immediately without identity verification.

    How Does 100x Leverage Work?

    With 100x leverage, traders can control larger positions with less capital. For example:

    • A 1 BTC long position with 100x leverage equals 100 BTC in trading value.
    • If Bitcoin rises to $105,000, the profit is 5 BTC, yielding a 500% return.

    About BexBack

    BexBack is a leading platform offering 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It’s trusted by 500,000+ traders worldwide and provides:

    • No KYC Required – Start trading immediately, no complex verification needed.
    • 100% Deposit Bonus – Double your capital and increase your profit potential.
    • High-Leverage Trading – Trade with up to 100x leverage for enhanced capital efficiency.
    • $50 Welcome Bonus – New users receive $50 after completing one trade within one week of registration.
    • Demo Account – Practice risk-free trading with 10 BTC in virtual funds.
    • Comprehensive Trading Options – Trade via Web and mobile applications with advanced tools.
    • Fast, Precise Execution – No slippage, no spread, and seamless trading.
    • Global 24/7 Support – Dedicated customer service available anytime, anywhere.
    • Lucrative Affiliate Program – Earn up to 50% commission on referred traders’ fees.

    Sign up today to claim your 100% deposit bonus and $50 welcome bonus, and start trading with 100x leverage!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
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    The MIL Network –