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Category: GlobeNewswire

  • MIL-OSI: Spartan Capital Securities, LLC Serves as Co-Placement Agent in Healthcare Triangle, Inc.’s $15.2 Million Private Placement

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 04, 2025 (GLOBE NEWSWIRE) — Spartan Capital Securities, LLC, a premier investment banking firm, is pleased to announce the successful completion of a $15.2 million private placement for Healthcare Triangle, Inc. (Nasdaq: HCTI). Spartan Capital Securities, LLC acted as Co-Placement Agent in this private offering, supporting Healthcare Triangle’s continued expansion and digital transformation initiatives in the healthcare and life sciences industries.

    The proceeds from this offering will fund strategic acquisitions, general corporate purposes, and working capital needs, further advancing Healthcare Triangle’s mission to deliver cutting-edge cloud enablement, cybersecurity, and data analytics solutions.

    Spartan Capital Securities played a pivotal role in placing $14,200,000 of the private placement, reinforcing its strong position in the investment banking sector.

    “We are honored to serve as Co-Placement Agent in this private placement for Healthcare Triangle,” said John Lowry, CEO of Spartan Capital Securities. “Healthcare Triangle is at the forefront of digital innovation in healthcare and life sciences, and this successful transaction reflects both the strength of their vision and Spartan Capital’s dedication to facilitating meaningful investment opportunities. We look forward to supporting Healthcare Triangle’s continued growth and success.”

    RBW Capital Partners LLC (a division of Dawson James Securities, Inc.) and Spartan Capital Securities, LLC served as Co-Placement Agents for the offering. Sichenzia Ross Ference Carmel LLP acted as placement agent counsel, while Manatt, Phelps & Phillips, LLP served as counsel to Healthcare Triangle, Inc.

    The common stock, pre-funded warrants, series A warrants, series B warrants, and the common stock issuable upon the conversion of these securities have not been registered under the Securities Act of 1933, as amended, or any state securities laws. Until registered, these securities may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements.

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

    About Spartan Capital Securities, LLC

    Spartan Capital Securities, LLC is a premier full-service investment banking firm offering a comprehensive range of advisory services to institutional clients and high-net-worth individuals. Known for its expertise in capital raising, strategic advisory, and asset management, Spartan Capital delivers tailored solutions to meet clients’ financial goals.

    For more information about Spartan Capital Securities, visit www.spartancapital.com.

    Contact: Spartan Capital Securities, LLC 45 Broadway, 19th Floor New York, NY 10006 investmentbanking@spartancapital.com

    The MIL Network –

  • MIL-OSI: STMicroelectronics reveals STM32U3 microcontrollers extending ultra-low power innovation for remote, smart and sustainable applications

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics reveals STM32U3 microcontrollers extending ultra-low power innovation for remote, smart and sustainable applications

    • Latest MCUs leverage cutting-edge near-threshold chip design to set record performance-per-watt efficiency benchmark
    • Secret-key protection and in-factory provisioning boost cyber security
    • Typical applications include utility meters, healthcare devices, and industrial sensors

    Geneva, Switzerland, March 4, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has introduced new STM32U3 microcontrollers (MCUs) with cutting-edge power-saving innovations that ease deployment of smart connected tech, especially in remote locations.

    The latest MCUs are aimed at IoT devices, which must typically operate for extended periods without maintenance and with limited energy from a coin cell or ambient solar or thermoelectric source. Typical applications that depend on the lowest possible power consumption include utility meters, healthcare devices such as glucose meters and insulin pumps, animal care monitors, forest-fire sensors, and industrial sensors including thermostats and smoke detectors. STM32U3 MCUs are also used in consumer products such as smart watches, wearables, and hearables.

    “The STM32U3 series builds on the heritage of ST-established ultra-low-power general-purpose microcontroller class as it is known today, which opened the door to widespread diffusion of smart technology in diverse environments,” commented Patrick Aidoune, General-Purpose MCU Division General Manager, STMicroelectronics. “Leveraging innovative techniques such as recent advancements in near-threshold design, the new devices cut dynamic power consumption to the bone, boosting efficiency by a factor of two compared to our previous generation, hence contributing to companies’ sustainability goals.”

    In addition to its extreme energy efficiency, the STM32U3 series meets the needs of IoT devices by providing robust cyber protection using the latest hardware security techniques. The MCUs are designed to confine secret keys permanently in secure memory, eliminating vulnerable CPU fetches. In addition, attestation credentials for each device are provisioned by ST at manufacture before leaving the factory, which strengthens security and simplifies provisioning. All those security mechanisms, in addition to the SESIP3 and PSA Level3 certifiable security assets, such as cryptographic accelerators, TrustZone® isolation, random generator, and product lifecycle will contribute and enable ST customers to reach compliancy towards the upcoming RED and CRA regulations.

    Customer testimonials:

    “STM32U3 enables us [smaXtec] to bring our hardware for animal health monitors to the next level. The consumption in active mode is extremely low, only a few µA/MHz, which enables us to reduce the energy needed for current data processing algorithms while at the same time adding new features to our products. In addition, its advanced range of low-power modes lets us put the device into deep sleep if no data is processed. The newly implemented STOP3 mode, including its wakeup capabilities, is a neat way to keep power consumption low,” said Manuel Frech, Product Development Engineer, smaXtec.

    Technical Notes for Editors

    ST has set the pace in ultra-low-power (ULP) MCUs with previous STM32 variants and is now taking ULP performance to a new level with the new STM32U3 series. Leveraging advanced power-saving chip design, fine-tuned with AI-enhanced tools, and the latest Arm® Cortex®-M33 core running at up to 96MHz, the new MCUs achieve the market-leading Coremark-per-milliwatt score of 117. This is almost twice the efficiency of ST’s preceding STM32U5 series, and five times that of the STM32L4 series.

    • STM32U3 MCUs set new standards in dynamic performance by taking advantage of near-threshold technology that operates IC transistors at extremely low voltage, saving energy proportionately according to a square law
    • ST’s innovative near-threshold implementation uses AI-driven adaptive voltage scaling at wafer level to compensate for process variations in the foundry
    • In addition to dynamic power savings (down to 10µA/MHz), the STM32U3 series achieve extremely low stop current, at 1.6µA
    • STM32U3 embeds up to 1MB of Flash memory dual-bank and 256kB of SRAM
    • In terms of security, STM32U3 MCUs embed all successful security features of the STM32U5, with additional keystore capabilities. Newly, secret keys are loaded in-factory by ST on the STM32U3 MCUs and are protected by a coupling and chaining bridge (CCB), representing the first use of this technology in the STM32 MCU family
    • Two product lines are available, presenting a choice of MCUs either with or without a hardware cryptographic accelerator
    • Combined with their low power, the devices integrate efficient and high-performing peripherals including the latest I3C digital connectivity
    • MCUs are available in commercial (-40°C to 85°C) and extended industrial
      (-40°C to 105°C) temperature ranges

    The STM32U3 series is in production now and available from $1.93 for orders of 10,000 pieces. For more information, please go to www.st.com/stm32u3

    STM32 is a registered and/or unregistered trademark of STMicroelectronics International NV or its affiliates in the EU and/or elsewhere. In particular, STM32 is registered in the US Patent and Trademark Office.

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

    Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network –

  • MIL-OSI: Varonis Named a Leader and a Customer Favorite in Data Security Platforms by Independent Research Firm

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 04, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) proudly announced it was named a Leader by renowned research and advisory firm Forrester in the report, The Forrester Wave™: Data Security Platforms, Q1 2025. Varonis also received the new designation of a Customer Favorite among evaluated vendors based on outstanding customer feedback.

    Findings from the report:

    • Varonis earned the Highest Score in the Current Offering category. Varonis earned 5 out of 5 scores in the criteria of Data Discovery, Data Classification, Data Threat and Risk Visibility, Data Access Controls, Reporting, Investigations, Manageability and Support, and Supplier Risk.
    • Varonis is Top-Ranked in the Strategy category. Varonis earned the highest score in the Strategy category, receiving the highest possible scores in the criteria of Vision, Innovation, Pricing Flexibility and Transparency, Community, and Supporting Services and Offerings.
    • Varonis received a Customer Favorite designation. According to the report: “Customers praise the careful, planned use of AI and automation, highlighting areas like workflow and data classification. They commend Varonis’ support and both the IR and MDDR (Managed Data Detection and Response) services.”

    According to the report, “Varonis’ vision of harnessing deep data insights to automate remediation for data security outcomes stands out. Its demonstrated ability to execute and its approach to innovation and supporting services reinforce its differentiation.” The report also stated that “Organizations that require deep understanding of data and remediation of access controls across their environment, with services to augment their own team, should consider Varonis.”

    “We are enormously proud that Varonis has been named a Leader in Data Security Platforms,” said Varonis CEO, President and Co-founder Yaki Faitelson. “We believe this recognition further validates our platform approach which gives customers an end-to-end solution to automatically and continuously reduce sensitive data risk, stop advanced cyberattacks, and adopt AI with confidence.”

    Access the full report to see why Varonis is a Leader and a Customer Favorite.

    Additional Resources

    Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here.

    About Varonis

    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com 

    The MIL Network –

  • MIL-OSI: ZeroFox to Sponsor, Exhibit and Present at FS-ISAC Americas 2025 Spring Summit

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, March 04, 2025 (GLOBE NEWSWIRE) — ZeroFox, the leader in external cybersecurity, will sponsor, exhibit, and present at the FS-ISAC 2025 Americas Spring Summit. Conference attendees can visit ZeroFox at Booth #15, and join Chief Technology Officer Mike Price on March 10 from 2:00 PM – 2:45 PM local time, for a presentation on how artificial intelligence (AI) avatars are reshaping the future of cyber operations.

    As financial institutions face increasingly sophisticated digital threats, the role of AI in both attack and defense continues to evolve. Organizations must adapt their security strategies to address emerging challenges, including AI-powered attacks, sophisticated impersonation schemes, automated fraud campaigns, and coordinated cyber threats targeting financial infrastructure. Backed by experts who understand specific risks to financial services institutions, and with over a decade of cybersecurity SaaS experience, ZeroFox is the trusted leader in protecting these enterprise digital landscapes through Digital Risk Protection (DRP), seamlessly integrated with Threat Intelligence (TI) and External Attack Surface Management (EASM) capabilities.

    “The integration of AI into cyber operations represents both a significant challenge and opportunity for financial institutions,” said Mike Price, Chief Technology Officer at ZeroFox. “As these technologies advance, understanding how AI avatars will impact the threat landscape is crucial for developing effective defense strategies. I look forward to sharing insights with the financial services community about preparing for this next evolution in cybersecurity.”

    Representatives from ZeroFox will be available at Booth #15 to discuss the company’s comprehensive external cybersecurity platform and advantages for financial institutions, including:

    • Reduce Attack Surface Exposure and Mitigate Digital Risk: Use ZeroFox’s dedicated digital risk protection products and services, to identify and stop financial fraud, risks, and targeted attacks before they impact your business, customers, partners, and employees.
    • Automate Manual Processes to Augment Security Teams: Advanced automation and analyst-vetted intelligence scours trillions of potentially malicious accounts and posts, reducing the time-intensive process of data collection, analysis, context, and remediation.
    • Understand IoCs and TTPs: Apply expert-vetted, actionable threat intelligence to proactively identify how attackers bypass traditional security perimeter controls and execute targeted attacks against financial services institutions at scale.
    • Protect Customers from Financial Crime: Rapidly identify and stop cybercriminals from exploiting customers’ digital presence, with automated disruption services and in-house takedowns of fraudulent content, accounts, domains, and communications.
    • Avoid Costly Compliance Violations: Automatically enforce policies for all employees and executives across external digital communication and social media platforms to ensure regulatory compliance with PCI DSS, FFIEC, FINRA, and more.
    • Safeguard Key Personnel: Identify and take down fraudulent social media accounts, impersonations, or malicious content targeting your executives and VIPs. Ensure protection from physical threats at home or on-the-go.

    Visit ZeroFox at Booth #15 to learn more. For all media inquiries related to ZeroFox, or to schedule a meeting during the FS-ISAC Americas 2025 Spring Summit, please email press@zerofox.com.

    About ZeroFox
    ZeroFox is the trusted leader with over a decade of cybersecurity SaaS expertise protecting enterprise digital landscapes—where business operations, customers, and threat actors converge. Through its AI-powered Digital Risk Protection (DRP) solutions, seamlessly integrated with Threat Intelligence (TI) and External Attack Surface Management (EASM) capabilities, ZeroFox empowers organizations to proactively monitor, detect, and disrupt emergent threats by cyber attackers targeting their brands, domains, and people. With ZeroFox, organizations can achieve deeper threat contextualization, faster detection and response times, and longer-term cost savings by anticipating, understanding, and mitigating external digital threats at scale. Join thousands of customers, including the largest public sector organizations and leaders in finance, media, technology, retail, and healthcare, to stay ahead of adversaries and manage the full lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the U.S. and other countries. Visit zerofox.com for more information.

    Media Inquiries
    Maisie Guzi, ZeroFox
    press@zerofox.com

    The MIL Network –

  • MIL-OSI: Nexla Expands AI-Powered Integration Platform to Accelerate Enterprise-Grade GenAI

    Source: GlobeNewswire (MIL-OSI)

    SAN MATEO, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Nexla, a leader in AI-powered integration, announced a major update to the Nexla integration Platform, expanding its no-code integration, RAG pipeline engineering, and data governance capabilities to make enterprise-grade GenAI accessible to everyone.

    The Nexla integration platform is the first integration platform powered by AI and built to handle today’s data variety. With Nexla, you can integrate any data, create AI-ready data products, and deliver GenAI projects without coding and up to 10x faster than the alternatives.

    Nexla uses AI to connect, extract metadata, and transform source data into human-readable data products, called Nexsets, that enable true data reuse and governance. Its agentic RAG framework lets companies implement RAG for agents and assistants without coding and uses LLMs during each stage to improve accuracy. For example, Nexla can get context from multiple data products, use a unique algorithm to rank, prioritize, and eliminate data, and then combine the context with a rewritten query and submit it to just about any LLM.

    This latest release introduces several groundbreaking capabilities that, combined, help companies deliver enterprise-grade GenAI without having to rely on specialized AI developers.

    Agentic Retrieval –– Retrieval refers to the moment during RAG inferencing when context is retrieved. Unlike most other products, which only retrieve data from a specific source, like a vector database, Nexla uses an LLM to dynamically find data across any relevant data products while enforcing data security policies. Expanding the sources of data using Nexla’s agentic retrieval can dramatically improve AI accuracy without having to load all the data into a vector database.

    Nexla Orchestrated Versatile Agents (NOVA) –– NOVA, which has been in use by early adopters, is now generally available. NOVA is an agentic interface within the Nexla UI, built on Nexla’s agentic AI framework that lets anyone compose end-to-end pipelines by using natural language (e.g. English) commands. Nexla uses an LLM to create the tasks and code (Python and SQL) to query sources, build transforms, and orchestrate pipelines. Users can work entirely within NOVA or move between NOVA, no-code point-and-click configuration, and pro-code mode.

    Converged Integration –– This release also continues to make no-code integration faster and simpler by adding more flow templates, pre-built and configured patterns for implementing specific types of integrations much faster without coding, and more connectivity.

    The new templates include:

    • FlowOrchestration — Combine any data flows of different integration styles.
    • ELT — Quickly create flows into data warehouses, data lakes and databases.
    • Direct — Quickly build high-throughput point-to-point data flows.
    • BYO —  BYO (Build Your Own) integration runtime and deploy and manage it in Nexla.
    • RAG — Rapidly implement a modular RAG pipeline without coding.

    This release also adds general-purpose document ingestion with advanced agentic chunking that improves LLM accuracy by chunking and formatting data to help the LLM better interpret the data.

    Data Product Marketplace — The Nexla Data Product Marketplace, a first of its kind, empowers data product producers to create, publish, and govern the full variety of data as fully managed data products. Data products allow users to apply data policies and enforce security at runtime. The Marketplace provides a simple way to discover data while centrally controlling all access and usage.

    “While there was significant hype around GenAI in 2024, 2025 is the year for AI to solve business problems,” said Saket Saurabh, Nexla Co-founder and CEO. “Nexla’s latest release enables companies to be successful with agentic AI now, using their existing resources and skill sets, by combining an enterprise-grade integration and agentic AI foundation with no-code data engineering, all powered by AI.”

    To learn more about Nexla’s enterprise-wide data integration platform, built from the ground up specifically for GenAI developers and users, please visit:

    About Nexla

    Nexla is a leader in AI-powered integration whose mission is to make data ready-to-use for everyone. The Nexla Integration Platform is the first integration platform powered by AI and built to handle today’s data variety. With Nexla you can integrate any data, create AI-ready data products, and deliver enterprise-grade GenAI without coding, up to 10x faster than the alternatives.

    Trusted to deliver mission-critical data by leading companies including DoorDash, LinkedIn, Johnson & Johnson, and LiveRamp, Nexla is headquartered in San Mateo, California.  It has been recognized in the 2022, 2023, and 2024 Gartner Magic Quadrant™ for Data Integration Tools and top-rated by customers on Gartner Peer Insights.

    Media Contact:
    Nexla@bocamarketing.com

    The MIL Network –

  • MIL-OSI: ASAPP Appoints Priya Vijayarajendran as CEO

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — ASAPP, the leading provider of AI-powered contact center software, today appointed Priya Vijayarajendran to the position of CEO. As ASAPP’s former CTO and president of technology, Vijayarajendran brings three decades of AI and software leadership at global enterprises including Microsoft, IBM and SAP.

    “Our goal at ASAPP is clear – to be the industry leader in AI for contact centers,” said Priya Vijayarajendran, CEO of ASAPP. “Achieving our goal means advancing our best-in-class products, and helping our customers quickly realize the measurable economic and goodwill value of our offerings. ASAPP is uniquely positioned with the talent, domain expertise, technology, and momentum to make our goal a reality, and I’m proud to lead our unmatched team.”

    “At ASAPP we find ourselves in the midst of the greatest tech revolution of our time, and we are reimagining what customer experience can be like, enabled by generative artificial intelligence,” said Frank Slootman, a member of the ASAPP board of directors. “Under Priya’s leadership, we have a real shot at totally transforming the economics, quality and monetization of AI-enabled CX. We are rapidly advancing features with our customers, and it takes ASAPP’s driven, inspired and customer-obsessed team to make that happen!”

    ASAPP’s products are inspired by large, enterprise, data-rich problems in customer service, and ASAPP’s AI solutions go beyond basic automation to redefine the role of AI in solving industry specific customer challenges. ASAPP’s new GenerativeAgent autonomously and safely resolves complex customer service interactions, and integrates with a company’s historical customer data. GenerativeAgent supports a wide variety of APIs, native integration and advanced authentications, which enables fast deployment and instant value creation.

    “ASAPP provides the industry’s leading agentic AI system for enterprise contact centers,” said James Montgomery, chairman of March Capital and a member of the ASAPP board of directors. ASAPP’s GenerativeAgent handles high volumes of interactions with speed and accuracy. The result frees up human agents to focus on complex issues that require personal interaction, and ultimately improves customer satisfaction and operational efficiency. Contact centers are obvious applications for AI in the enterprise. ASAPP brings their vision to reality – today – for many of the world’s leading companies in the airline, communications, and financial services sectors – while ensuring sophisticated data safety and privacy standards.”

    ASAPP has received numerous industry awards and its leadership in customer experience was recognized by Forrester. It named ASAPP as a leader in The Forrester Wave™: Digital Customer Interaction Solutions, Q2 2024 report. In addition, ASAPP was recognized as a leading vendor in Forrester’s The Conversation Intelligence Solutions for Contact Centers Landscape, Q1 2025 report.

    Helpful links

    About ASAPP
    ASAPP is an AI solution provider committed to solving the toughest problems in customer service. Because we automate what was previously impossible to automate, our AI-nativeⓇsolutions deliver more than efficiency gains. They redefine the role of AI in the contact center and lay the groundwork for businesses to reimagine their customer experience delivery in the age of AI. Leading enterprises rely on ASAPP’s generative and agentic AI solutions to dramatically expand contact center capacity and transform their contact centers from cost centers into value drivers. To learn more about ASAPP, visit www.asapp.com.

    Media Contact
    Amy McDowell
    Offleash PR for ASAPP
    asapp@offleashpr.com 

    The MIL Network –

  • MIL-OSI: STMicroelectronics’ new integrated STM32WBA6 wireless microcontrollers combine extra features and performance with power efficiency

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics’ new integrated STM32WBA6 wireless microcontrollers combine extra features and performance with power efficiency

    Cost-efficient and highly integrated embedded devices for emerging 2.4GHz wireless applications in smart home, health, factory, and agriculture

    Geneva, Switzerland, March 4, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced the next generation of its STM32 power-efficient short-range wireless microcontrollers (MCUs) that simplify connecting consumer and industrial devices to the IoT.

    The new STM32WBA6 series is used in connected, smart devices like wearable healthcare and wellness monitors, animal collars, electronic locks, remote weather sensors, and more. Packing extra memory and digital system interfaces, while preserving energy efficiency the new MCUs can handle richer functionality in emerging new product designs.

    The STM32WBA6 MCUs also embed SESIP3 and PSA Level3 certifiable security assets, such as cryptographic accelerators, TrustZone® isolation, random generator, and product lifecycle that will contribute and enable ST customers to reach compliancy towards the upcoming RED and CRA regulations.

    “Robust and standardized wireless connectivity is central to the IoT’s success. Our new STM32WBA6 MCUs bring richer features and larger memory to address high-end applications in smart home, health, factory, and agriculture,” said Patrick Aidoune, General-Purpose MCU Division General Manager, STMicroelectronics. “Our customers can now increase the pace of development to meet demands from consumer and industrial markets for new products that deliver more features and increased capabilities within reduced size and power constraints.”

    The wireless subsystem in the new STM32WBA6 microcontrollers supports Bluetooth, Zigbee, Thread, Matter, and other protocols operating in the 2.4GHz frequency band, and allows communication using multiple protocols concurrently. It’s how a system like a smart-home bridge can communicate with the homeowner’s mobile app over Bluetooth and simultaneously manage lights or thermostats through mesh networking such as Zigbee. The STM32WBA6 series also contains single-protocol variants for simpler and more cost-conscious applications.

    Customer testimonials:

    “The extensive hardware feature set, low power consumption, advanced cyber security, and excellent price/performance make the STM32WBA6 devices perfect for our advanced in-car driver monitoring, incident tracking, and emergency calling solution. Aided by the extensive ecosystem and ST’s strong technical support, we were able to quickly start prototype development and achieve qualification in accordance with all applicable industry requirements. We are on track to begin production in Q2 2025,” said Vittorio Ferrari, CTO, Meta System.

    Technical notes for editors:

    • By integrating the processing core, peripherals, and wireless subsystem, STM32WBA6 MCUs help product developers meet demands to simplify new designs, miniaturize assembly size, and save the electronic bill-of-materials. With up to double the Flash and RAM on-chip, compared to the previous STM32WBA5 series, the new MCUs provide generous storage for application code and data.
    • With up to 2MB of Flash and 512KB RAM on-chip, the new STM32WBA6 MCUs contain larger memory to support more sophisticated applications.
    • The richer digital peripherals add USB High Speed as well as extra digital interfaces including three SPI ports, four I2C ports, three USARTs, and one LPUART.
    • Concurrent multiprotocol wireless makes the STM32WBA6 series ideal for applications that leverage Matter, which is designed to run on top of other protocols. The X-CUBE-MATTER software package, part of the extensive STM32Cube ecosystem, integrates the Matter SDK and comes with application examples to ease development.
    • The wireless subsystem improves performance, with sensitivity increased to -100dBm for more reliable connectivity up to the maximum specified range.
    • The STM32WBA6 series is powered by the energy-efficient Arm® Cortex®-M33 core, with floating-point unit and DSP extensions, running at up to 100MHz.
    • The STM32WBA5 and STM32WBA6 support the latest EU Radio Equipment Directive (RED) cyber-security requirements. Their SESIP3 certification target will greatly ease the customer device conformance.
    • Package options cover a wide range from a 7mm x 7mm UFQFPN48 to a 6mm x 6mm UFBGA121 with 121 pins.
    • There is also a thin wafer-level chip-scale package, WLCSP88, that measures only 3.78mm x 3.46mm.

    The STM32WBA6 MCUs are in production and available now, priced from $2.50 for orders of 10,000 pieces. For more information, please go to www.st.com/stm32wba.

    STM32 is a registered and/or unregistered trademark of STMicroelectronics International NV or its affiliates in the EU and/or elsewhere. In particular, STM32 is registered in the US Patent and Trademark Office.

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

    Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network –

  • MIL-OSI: Alarum to Release Fourth Quarter and Full Year 2024 Results on March 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    Conference call scheduled for Thursday, March 20, 2025, at 8:30 a.m. ET

    Tel Aviv, Israel, March 04, 2025 (GLOBE NEWSWIRE) — Alarum Technologies Ltd. (Nasdaq, TASE: ALAR), a global provider of web data collection solutions, will release its financial results for the fourth quarter and full year ended December 31, 2024, before the Nasdaq market opens on Thursday, March 20, 2025.

    Mr. Shachar Daniel, Chief Executive Officer, and Mr. Shai Avnit, Chief Financial Officer, will host a conference call on March 20, 2025, at 8:30 a.m. ET to discuss the financial results and business outlook, followed by a Q&A session.

    To join the live call, please dial one of the numbers below and connect five minutes before the call begins. Please note that participants will be asked to state their name and company upon joining the call. 

    If you are unable to connect via the toll-free numbers, please use the international dial-in number:
    US toll-free: 1-877-407-0789, international dial-in: +1 201 689 8562; Israel Toll Free: 1 809 406 247.

    Date: Thursday, March 20, 2025
    Time: 08:30 a.m. ET/05:30 a.m. PT/12:30 p.m. IL

    A replay of the call will be available after 11:30 a.m. ET on March 20, 2025, through 11:59 p.m. ET on April 20, 2025.

    To access the replay, visit the Company’s website at https://alarum.io/ or here.

    Replay Dial-In: 1-844-512-2921 or 1-412-317-6671. Access ID: 13751807

    About Alarum Technologies Ltd.

    Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of web data collection solutions. The solutions by NetNut, Alarum’s Enterprise Internet Access arm, are based on its world’s fastest and most advanced and secured hybrid proxy network, enabling its customers to collect data anonymously at any scale from any public sources over the web. Alarum’s network comprises both exit points based on its proprietary reflection technology and hundreds of servers located at its ISP partners around the world. The infrastructure is optimally designed to guarantee the privacy, quality, stability, and the speed of the service.

    For more information about Alarum, please visit www.alarum.io

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Alarum is using forward-looking statements in this press release when it discusses the timing of releasing financial results and the timing of the respective conference call. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 14, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.    

    INVESTOR RELATIONS CONTACT:

    investors@alarum.io

    The MIL Network –

  • MIL-OSI: FE International Advises on the Acquisition of Vidello by Banzai International, Inc.

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — FE International, a leading global M&A advisor for technology businesses, is pleased to announce the acquisition of Vidello, a video hosting and marketing technology company, by Banzai International, Inc. (NASDAQ: BNZI). This acquisition strengthens Banzai’s suite of AI-driven marketing tools, expanding its ability to provide businesses with innovative video solutions.

    Vidello, headquartered in London, offers a robust set of video marketing tools designed for entrepreneurs, startups, and agencies looking to enhance engagement through high-quality video content. Vidello has served over 90,000 customers, with its flagship CreateStudio product ranking among the top-rated video makers in the industry.

    “We’re doubling down on building the best suite of video products by adding Vidello. We believe that Vidello has created the best product in the world for making amazing 3D videos,” said Joe Davy, Founder and CEO of Banzai in a recent press release.

    The acquisition is expected to contribute approximately $6.5 million in revenue and $2 million in EBITDA to Banzai on a pro forma basis for the twelve months ending December 31, 2024. The transaction consists of a combination of cash and stock consideration, reflecting the strategic value of Vidello’s platform.

    “Vidello is an exciting addition to Banzai’s portfolio, offering a suite of high-impact video marketing tools that align with today’s digital-first strategies,” said Ashley Bohn, Partner at FE International. “We are proud to have advised on this transaction and look forward to seeing how Banzai integrates these solutions to drive further growth.”

    FE International acted as the exclusive M&A advisor to Vidello, ensuring a seamless transaction aligned with both parties’ strategic objectives.

    For more information about FE International and its role in technology M&A, visit www.feinternational.com.

    About Vidello

    Vidello is a video hosting and marketing suite which provides online businesses with the essential marketing and hosting tools to assist in growing business through video. To learn more about the company, visit www.vidello.com

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at banzai.io

    About FE International

    Founded in 2010, FE International is a globally recognized M&A advisor specializing in SaaS, e-commerce, and digital media businesses. With over 1,500 transactions completed and a total deal value exceeding $50 billion, FE International has been named one of The Americas’ Fastest Growing Companies by the Financial Times from 2020 to 2024 and is a four-time Inc. 5000 company. Learn more at feinternational.com

    Media Contact:

    Gaj Tanwar
    Marketing Coordinator, FE International
    Email: gaj.tanwar@feinternational.com

    The MIL Network –

  • MIL-OSI: Reliance Global Group Schedules Fourth Quarter and Year Ended December 31, 2024 Financial Results and Business Update Conference Call

    Source: GlobeNewswire (MIL-OSI)

    Lakewood, NJ, March 04, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, March 6, 2025, at 4:30 PM Eastern Time to discuss financial results for the fourth quarter and year ended December 31, 2024 and provide a business update.

    The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 522829. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/52132 or on the investor relations section of the Company’s website, https://relianceglobalgroup.com/events-and-presentations/.

    A webcast replay will be available on the investor relations section of the Company’s website at https://relianceglobalgroup.com/events-and-presentations/ through March 6, 2026. A telephone replay of the call will be available approximately one hour following the call, through March 20, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52132.

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: Great Elm Capital Corp. (“GECC”) Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH GARDENS, Fla., March 04, 2025 (GLOBE NEWSWIRE) — Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it will release its financial results for the fourth quarter and full year ended December 31, 2024 after the close of market trading on Monday, March 10, 2025, and discuss these results in a conference call on Tuesday, March 11, 2025 at 8:30 a.m. ET.

    Date/Time: Tuesday, March 11, 2025 – 8:30 a.m. ET
        
    Participant Dial-In Numbers:  
    (United States): (877) 407-0789
    (International): (201) 689-8562
       

    To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode “GECC”. An accompanying slide presentation will be available in pdf format via the “Events and Presentations” section of Great Elm Capital Corp.’s website here after the issuance of the earnings release.

    Webcast
    The call and presentation will also be simultaneously webcast over the internet via the “Events and Presentations” section of GECC’s website or by clicking on the webcast link here.

    About Great Elm Capital Corp.
    GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses and CLOs. For additional information, please visit http://www.greatelmcc.com.

    Media & Investor Contact:
    Investor Relations
    investorrelations@greatelmcap.com

    Source: Great Elm Capital Corp.

    The MIL Network –

  • MIL-OSI: Alto Ingredients, Inc. to Present in the 37th Annual Roth Conference

    Source: GlobeNewswire (MIL-OSI)

    PEKIN, Ill., March 04, 2025 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced that management plans to participate at the 37th Annual Roth Conference on March 16th-18th. The conference is being held at The Laguna Cliffs Marriott in Dana Point, CA

    Management will conduct one-on-one meetings on March 17th.  Interested investors should contact their ROTH representative or Kirsten Chapman of Alliance Advisors Investor Relations at Investorrelations@altoingredients.com

    About Alto Ingredients, Inc.
    Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com.

    Media and Company IR Contact:                 
    Michael Kramer, Alto Ingredients, Inc., 916-403-2755
    Investorrelations@altoingredients.com

    IR Agency Contact:
    Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777
    Investorrelations@altoingredients.com

    The MIL Network –

  • MIL-OSI: Sky Quarry Appoints Energy Industry Veteran Todd Palin to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Brings Energy Production and Operational Expertise to Advance Waste-to-Energy Mission and Strategic Growth

    WOODS CROSS, Utah, March 04, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced the appointment of Todd Palin to the Company’s Board of Directors.

    Mr. Todd Palin brings nearly two decades of hands-on experience in energy production and operational oversight. From Big Lake, Alaska, Mr. Palin is a seasoned Alaskan businessman, champion snowmachine racer, and former First Gentleman of Alaska. Mr. Palin brings a wealth of experience in energy production, resource management and public service.

    Energy Sector Experience

    Todd Palin brings 15 years of industry experience from his tenure with BP in Alaska’s North Slope oil fields. As a facility production operator, Todd’s job duties included all phases of production, getting crude to spec, prior to its transfer to the Trans-Alaska Pipeline System (TAPS) at pump station 1. His expertise in energy production, coupled with his firsthand understanding of Alaska’s unique resource challenges, positions him as a strong advocate for innovative approaches to harmonize traditional energy practices with green advancements.

    Commitment to Sustainability and Alaskan Communities

    In addition to his work in North Slope oil production, Mr. Palin is a fourth-generation commercial fisherman in Bristol Bay, reflecting his enduring commitment to Alaska’s natural resources and sustainable practices. His deep ties to his Alaska Native heritage and local communities provide a unique perspective on the importance of balancing environmental stewardship with economic development.

    Champion Snowmachine Racer

    Beyond his contributions to the energy sector, Todd Palin is a four-time champion of the Iron Dog Race, the world’s longest snowmachine race. The race traces the path of the Iditarod, with an additional route North of the Arctic Circle, totaling 2,500 miles, making it a grueling test of endurance and skill. 

    Mr. Palin has competed in the Iron Dog snowmachine race since 1993, demonstrating his commitment to the sport and his ability to persevere through some of the harshest conditions in Alaska. His team’s first win in the race took place in 1995 with additional wins in 2000, 2002 and 2007. 

    “Mr. Palin’s appointment comes at a crucial time as California faces ongoing refinery disruptions that threaten fuel supply stability,” said David Sealock, CEO of Sky Quarry. “His deep expertise in energy markets and production infrastructure, particularly on the West Coast, will be instrumental as Sky Quarry ramps up production at its Nevada refinery in 2025. His strong commitment to operational efficiency and regulatory compliance will be invaluable in advancing our mission to accelerate the transition to sustainable energy solutions, and enhancing national energy security.”

    “I’m excited to join Sky Quarry and work with the Sky Quarry team to further evolve the Company’s waste energy portfolio,” said Todd Palin. “Sky Quarry’s innovative approach goes beyond addressing immediate energy challenges; it’s about creating sustainable solutions that benefit both the environment and the communities we serve. I’m eager to apply my experience in energy production, resource management, and public service to help drive the company’s growth and contribute to its mission of transforming waste into valuable resources.”

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ: SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include “forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 1-A offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    www.mzgroup.us

    Corporate Contact
    Jennifer Standley
    Director of Investor Relations
    Ir@skyquarry.com

    Company Website
    www.skyquarry.com

    The MIL Network –

  • MIL-OSI: Phunware Appoints Quyen Du to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    25-Year Corporate Strategy & Development Executive at Fortune 500 Consumer Brands to Advance Company’s New Strategic Growth Initiatives

    AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announced today the appointment of Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Ms. Du will also serve on the Company’s Audit, Compensation and Nominating and Corporate Governance Committees.

    Ms. Du brings 25 years’ experience in strategy and corporate development to the Company. Based in Texas, she is a recognized leader in finance, media and entertainment, recently serving as Head of Corporate Strategy & Development, Innovations and Research for Condé Nast (NYC). Ms. Du adds a depth of experience working in a wide range of roles across corporate strategy, finance and investments, business development, distribution and partnerships. Her previous experience includes her work for Fandom, Inc., one of the world’s largest entertainment fan community platforms, where she led corporate development and was responsible for driving acquisitive growth opportunities. Ms. Du also held various executive positions at NBC Universal, where she worked on transformative M&A deals, corporate digital strategy and new market entry initiatives, including across digital native, streaming, commerce, data, gaming and audio. She has also held a studio distribution planning position at Disney and a business development role at Showtime.

    Ms. Du will serve as a Class III director and is filling a seat vacated in October 2024 as a result of the resignation of our then CEO Michael Snavely.

    “Quyen has an impressive record of guiding strategic growth and adds tremendous insight to our Board across investments, M&A and new business development,” said interim CEO Stephen Chen. “The combined business and product strategy experience of our full Board today is a fundamental asset in guiding Phunware into the future. The Board and I welcome Quyen and look forward to together driving high growth revenue and profitability for our company and investors.”

    Phunware Business Update on Nasdaq Delisting Notification

    Ms. Du’s appointment is expected to satisfy Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements for audit committee service. The appointment of Ms. Du is also intended to facilitate planning of Phunware’s 2024 Annual Shareholder Meeting at which the Class III Director seat is to be filled. Nasdaq cited Phunware for non-compliance with continued listing rules due to its failure to hold an annual stockholders’ meeting prior to fiscal year ended December 31, 2024. The Company in February submitted a compliance plan to Nasdaq setting forth steps it intends to take to address the issue, including nomination or Ms. Du for formal election to serve as the Class III director.

    About Phunware

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.

    Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, digital asset holders, and market participants. Phunware is poised to expand its software products and services audience through its new Generative AI platform, utilize and monetize its patents and other intellectual property, and reintroduce its digital asset ecosystem for existing holders and new market participants.

    For more information on Phunware, please visit www.phunware.com. To better understand and leverage generative AI and Phunware’s mobile app technologies, visit ai.phunware.com.

    Safe Harbor / Forward-Looking Statements

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. These forward-looking statements involve risks, uncertainties, and other assumptions that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC. We undertake no obligation to update any forward-looking statements.

    By their nature, forward-looking statements involve risks and uncertainties. We caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those expressed or implied by these forward-looking statements.

    Investor Relations Contact:

    Chris Tyson, Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    PHUN@mzgroup.us
    www.mzgroup.us

    Phunware Media Contact:

    Joe McGurk, Managing Director
    917-259-6895
    PHUN@mzgroup.us

    The MIL Network –

  • MIL-OSI: Verb to Acquire AI Social Selling Startup LyveCom

    Source: GlobeNewswire (MIL-OSI)

    LOS ALAMITOS, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, a TV show and innovative new platform disrupting the crowd funding industry, today announces that it has executed a binding term sheet to acquire LyveCom, a cutting-edge AI-driven video commerce platform. The transaction is subject to certain terms and conditions, including completion of an audit of Lyvecom’s financial statements, which terms and conditions are set forth in detail in the Form 8-K filed by the Company today.

    While the transaction is expected to close within the next 60 days, if not sooner, Phase 1 of the integration of Lyvecom’s technology is complete and the new MARKET.live officially launches TODAY.

    Management contends that this transaction should not be underestimated. The integration of LyveCom’s AI-driven technology into VERB’s MARKET.live now allows brands and merchants to deliver an omnichannel livestream shopping experience to their customers. Brands and merchants will not only engage their client and customers on the newly updated and refreshed MARKET.live site, but also seamlessly across their own websites, mobile apps, and social platforms, all while leveraging AI-powered video content automation and personalized shopping experiences.

    This proprietary technology embeds livestreams and shoppable videos directly onto merchant websites without impact on site speed, while simultaneously aggregating and repurposing content from TikTok, Instagram, and YouTube into interactive shopping experiences, allowing brands to engage customers without constant content production.

    A Transformative Step for MARKET.live and the Livestream Shopping Industry
    The new MARKET.live will introduce game-changing innovations, including:

    • One-Click Simulcasting: Instantly scale the broadcast of live shopping events across MARKET.live, TikTok Shop, Shopify’s Shop App, and other social sites, including the merchant’s own e-commerce sites, maximizing audience reach and engagement, while maintaining checkout and unified inventory management and control across all of the merchant’s social sites and platforms.
    • AI-Driven Video Commerce: Advanced AI capabilities will power real-time user-generated-content creation, automated video content repurposing, and AI-powered virtual live shopping hosts.
    • Frictionless Merchant Integration: Frictionless, self-serve onboarding for merchants, enabling millions of Shopify merchants to adopt live and shoppable video with a simple 3-click integration, making livestream shopping capabilities more accessible and useable than ever.
    • New Strategic Partnerships: New and expanded strategic partnerships with Tapcart, Shopify Shop App, Klaviyo, Recharge, and agency networks will expand MARKET.live’s footprint into mobile commerce and high-growth DTC brands.
    • Real-Time Data & Analytics: An intelligent analytics hub will provide in-depth insights into shopper behavior, enabling merchants to refine strategies and boost conversions.

    “The future of commerce is video-first, and this acquisition accelerates that future,” said Maxwell Drut, Co-Founder and CEO of LyveCom and incoming Chief Technology Officer at MARKET.live. “By combining LyveCom’s cutting-edge AI-powered video commerce technology with VERB’s expansive market reach, we are creating one of the most advanced, omnichannel video shopping ecosystems in the U.S. Together, we’re not just enabling brands to sell through video — we’re redefining how consumers discover, engage, and shop in a content-driven world.”

    “Unlike closed marketplaces like Amazon Live and TikTok Shop, MARKET.live + LyveCom offers brands full control over their audience, content, and conversions while leveraging AI to automate and optimize video commerce. This is a paradigm shift in digital retail, empowering brands to sell smarter, faster, and more profitably than ever before. And with over 4 million Shopify merchants actively seeking AI-driven solutions, we believe that the addition of LyveCom’s AI technology, VERB’s MARKET.live is positioned for explosive growth and recurring revenue expansion.”

    “This deal brings together LyveCom’s innovative AI driven video commerce solutions with VERB’s resources and expertise,” said Kevin Gould, founder and CEO of Kombo Ventures and early Lyvecom investor. “I’m incredibly proud that Kombo Ventures helped incubate Lyvecom, and I’m energized by the shared vision to rapidly create the market leader in AI-driven social shopping.”

    Experience the New MARKET.live Interface
    Customers, brands, and retailers can now explore the fully modernized MARKET.live interface at www.MARKET.live. The revamped platform not only aligns seamlessly with the latest trends in social selling, video commerce, and livestream shopping, providing an immersive and interactive shopping experience unlike any other, but also establishes the new paradigm we believe other ecommerce platforms will strive to emulate.

    Comprehensive Go-To-Market Strategy & Client Onboarding 
    With a well-defined and proven go-to-market strategy, as will be evidenced in VERB’s forthcoming Form 10-K filing, VERB’s MARKET.live is set to onboard an additional extensive list of clients, including top agency partners and direct-to-consumer brands. The acquisition strengthens MARKET.live’s ability to cater to a diverse range of businesses, from independent Shopify sellers to enterprise-level brands, ensuring a seamless and scalable transition into AI-powered social commerce.

    Positioning VERB’ MARKET.live as an Industry Leader 
    The completion of this acquisition will establish VERB’s MARKET.live as a definitive leader in livestream and AI-powered social commerce. Unlike competitors that operate within closed marketplaces, MARKET.live will offer a truly integrated, multi-platform solution that:

    • Expands e-commerce opportunities beyond a single channel, increasing brand exposure and sales potential.
    • Unlocks access to Shopify’s vast network of over 4 million merchants looking for AI-powered video commerce solutions.
    • Automates video content production and personalization at scale, driving efficiency and engagement for brands of all sizes.

    Additional features include:

    • AI-Generated Video UGC: A proprietary AI model trained on tens of thousands of video commerce interactions that will automate content creation for brands.
    • AI-Powered: Blending AI-driven personalization, automation, and omnichannel reach, bringing massive 24/7 global scalability to live shopping experiences, MARKET.live will turn video engagement into revenue.
    • AI-Powered Predictive Analytics and Automated Shoppable Content: Intelligent tools designed to optimize merchandising strategies and increase conversion rates.

    “This strategic acquisition underscores VERB’s commitment to constant and continuing innovation, as we seek to shape the future of social commerce and ultimately dominate the landscape,” said Rory J. Cutaia, CEO of VERB. “The addition of LyveCom’s AI-driven video commerce capabilities to the new MARKET.live will offer an unparalleled shopping experience that bridges brands, marketplaces, and social platforms — ensuring that consumers can engage and shop wherever they are.”

    The Future of AI-Powered Livestream Shopping – Here’s What’s Coming 
    This transaction and the work our combined teams have undertaken over the past 9 months has paved the way for our upcoming launch of yet more next generation social commerce capabilities, including:

    • AI Avatar Live Shopping Hosts: This new proprietary technology, already trained on tens of thousands of video commerce videos, has paved the way for the launch of real time AI Avatar hosts, virtually indistinguishable from human hosts, capable of real-time audience engagement.

    According to an October 2024 report published by The Business Research Company, the global social commerce industry is anticipated to experience rapid growth and is projected to surpass $1.29 trillion by 2028 at a CAGR of 13.7%.1 The Company believes that AI-powered social selling is among the fastest-growing segments in e-commerce today.

    With this acquisition, VERB is setting a new industry standard for interactive video-based social commerce, with the goal of ensuring that MARKET.live is the dominant force in this space and the go-to platform for brands looking to future-proof their business with AI-powered video commerce.

    About VERB Technology Company 
    Verb Technology Company, Inc. (NASDAQ: VERB), is the innovative force behind interactive video-based social commerce. The Company’s MARKET.live platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of ecommerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF!, is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California.

    FORWARD-LOOKING STATEMENTS  
    This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements including the following statements; the transaction closing within the next 60 days, if not sooner; the integration of LyveCom’s AI-driven technology into VERB’s MARKET.live allowing brands and merchants to deliver an omnichannel livestream shopping experience to their customers; the new MARKET.live introducing game-changing innovations; the combination of LyveCom’s cutting-edge AI-powered video commerce technology with Verb’s expansive market reach, creating one of the most advanced, omnichannel video shopping ecosystem in the U.S., redefining how consumers discover, engage, and shop in a content-driven world; the revamped platform establishing the new paradigm other ecommerce platforms will strive to emulate; the completion of the acquisition establishing VERB’s MARKET.live as a definitive leader in livestream and AI-powered social commerce; MARKET.live will offering a truly integrated, multi-platform solution; the addition of LyveCom’s AI-driven video commerce capabilities to the new MARKET.live offering an unparalleled shopping experience that bridges brands, marketplaces, and social platforms — ensuring that consumers can engage and shop wherever they are and ensuring MARKET.live remains the go-to platform for brands looking to future-proof their business with AI-powered video commerce. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the ability to satisfy the closing conditions and consummate the acquisition; the ability of VERB to derive the benefits anticipated from the acquisition including becoming a leader in livestream and AI-powered social commerce and those identified in our filings with the Securities and Exchange Commission (the “SEC”), including our annual, quarterly and current reports filed with the SEC and the risk factors included in our annual report on Form 10-K filed with the SEC on April 1, 2024. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

    Investor Relations:
    investors@verb.tech

    1https://www.einpresswire.com/article/754813834/social-commerce-global-market-2024-to-reach-1291-47-billion-by-2028-at-rate-of-13-7

    The MIL Network –

  • MIL-OSI: Banking Virtual Investor Conference Agenda Announced for March 6th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Banking Virtual Investor Conference to be held March 6th

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER NOW AT: https://bit.ly/4klZYjy

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We are honored to host this year’s Banking Virtual Conference and provide a platform for many of our OTCQX Banks to communicate their strategies and industry perspectives directly to investors,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group.

    March 6th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: MAIN STREET FINANCIAL SERVICES CORP. to Present at the Banking Virtual Investor Conference March 6th

    Source: GlobeNewswire (MIL-OSI)

    WOOSTER, Ohio, March 04, 2025 (GLOBE NEWSWIRE) — Main Street Financial Services Corp. (OTCQX: MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. 

    Mark R. Witmer, Executive Chairman, James R. VanSickle II, President & CEO, and Todd J. Simko, SVP, Chief Operations Officer and Chief Risk Officer will present live at the Banking Virtual Investor Conference hosted by VirtualInvestorConferences.com, on March 6th, 2025

    DATE: March 6th
    TIME: 11:30 AM
    LINK: https://bit.ly/4io8egV

    Available for 1×1 meetings: Monday, March 10, 2025

    This will be a live, interactive online event where investors are invited to ask the company
    questions in real-time. If attendees are not able to join the event live on the day of the
    conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Financial results reflect the second full quarter following the completed merger of Main Street Financial Services Corp. (Main Street) and Wayne Savings Bancshares, Inc. (Wayne) on May 31, 2024.
    • Net income for the fourth quarter of 2024 totaled $3.2 million, or $0.41 per common share
    • Annualized deposit growth of 19.7% for the quarter ended December 31, 2024
    • Reduced reliance on wholesale funding by $40 million during the fourth quarter of 2024
    • Declared cash dividend of $0.14 per share on January 10, 2025

    About Main Street Financial Services Corp.
    Main Street Financial Services Corp. is a holding company headquartered in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp. was founded in 1899 and provides full-service banking, commercial lending, and mortgage services across its branch infrastructure. Today, Main Street Bank Corp. operates 19 branch locations in Wooster, Ohio, Wheeling, West Virginia and other surrounding communities in Ohio and West Virginia. Additional information about Main Street Bank Corp. is available at www.mymainstreetbank.bank.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Main Street Financial Services Corp.
    James R. VanSickle II
    President & CEO
    (330) 264-5767
    jvansickle@mymainstreetbank.bank

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Fintech Cadence and Visa join forces to support payment innovation in Canada

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Quebec, March 04, 2025 (GLOBE NEWSWIRE) — Fintech Cadence, Canada’s leading fintech incubator and Visa, a global leader in digital payments, have announced an exciting collaboration to fuel fintech innovation across Canada. Through curated programming, events and education, Visa will support the development of Canadian fintech companies building products and services for the payment and remittance sector.

    In Canada, fintechs are transforming the payments ecosystem and are a vital driver of our economy. Globally, Visa works with more than 2,000 fintechs to solve the greatest challenges within payments and provide them with the expertise needed to navigate the complexities of digital commerce.

    “We are excited about this new collaboration and the trust Visa have put in us,” said Layial El-Hadi, Executive Director at Fintech Cadence. “We have always been strong proponents of fostering collaboration and helping bridge the gap with founders who break the norm daily and provide innovative solutions for Canadian consumers and businesses. Thanks to this collaboration, we are continuing our mission of helping advance the financial system to serve Canadians for the better.”

    Fintech Cadence has been a driving force of innovation within the Canadian fintech landscape for the past eight years. As the largest fintech incubator in the country, the organization has fostered a vibrant community. It focuses on raising awareness about the sector, supporting founders in their early stages and connecting fintechs with the financial industry to promote the sector’s growth.

    “At Visa, we understand the journey of innovation all too well. Like many of these companies, we started with a vision to solve a consumer pain point and now, we are deeply committed to supporting the next generation of innovators,” said Chris Ferron, Vice President of Enablers, Merchants and Fintechs at Visa. “Our work with Fintech Cadence is a testament to this commitment and we are thrilled to collaborate to empower bold ideas and drive meaningful change in the payment space.”

    As part of the overall collaboration, Visa is one of the Champion Sponsors of the 2025 Fintech Drinks Series with the first of 5 events kicking off in Montreal on March 26th, 2025 at Espace CDPQ. Subsequent events will be held in Halifax (May ’25), Calgary (June ’25), Toronto (Sept ’25) and again in Montreal (Nov ’25). Additional information and registration for the events can be found on Fintech Cadence’s website (www.fintechcadence.com/fintech-drinks/) and via their LinkedIn page.

    About Fintech Cadence

    Fintech Cadence is a non-profit organization established in 2017 dedicated to the Canadian fintech community by providing multiple initiatives from coast to coast. Their mission is to advance the financial system for the better through a three-tier mandate of educating fintech talent, supporting early-stage startups, and fostering collaboration amongst Canada’s fintech ecosystem of financial institutions, VCs, incubators, accelerators and universities.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9f7a86a-8830-46ee-98dc-cd660b7359b2

    The MIL Network –

  • MIL-OSI: HTXMining: Revolutionizing Crypto Staking and Liquidity Mining for High Rewards and Asset Flexibility

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — HTXMining, one of the reliable Liquidity Staking Platform and Liquidity Mining Platform, is transforming the way investors engage with cryptocurrency staking and mining. Mentioning the fact that it desires to be the Well-regarded cryptocurrency staking platform out there, HTXMining provides a great environment of transparency and feasibility for those who wish to make the most of their digital asset earnings.

    Image by HTXMining

    With a proven track record and user-friendly interface, Htxmining is the go-to platform for both beginners and seasoned investors. HTXMining provides a smooth and easy way to stake popular cryptocurrencies, stake your digital assets, and boost your income whether you are new to crypto sphere or you are a seasoned investor. With a focus on cutting-edge mining infrastructure, sustainable energy solutions, and optimized staking plans, HTXMining ensures that users benefit from low fees, good rewards to earn passive income, and real-time monitoring tools.

    HTXMining: The Future of Crypto Staking

    HTXMining has put together a really advanced system for staking and mining liquidity, making it simple for investors. Unlike traditional mining, which requires expensive hardware and consumes vast amounts of energy, HTXMining provides a sustainable and eco-friendly alternative through its staking and liquidity services.

    Key Features of HTXMining

    1. Reliable Crypto Staking Returns: HTXMining boasts one of the crypto staking platforms on the market, where clients can stake their digital currency and earn rich dividends. With diverse staking options and an easy-to-use interface, HTXMining offers easy staking to investors of all types.

    2. Liquidity Staking for Maximum Flexibility: Unlike regular staking, Liquidity Staking lets investors stake their assets and still keep them liquid. This way, users can keep trading or using their assets while also earning rewards. This feature enhances financial flexibility and ensures that assets remain accessible even while generating returns.

    3. Liquidity Mining: Serve market liquidity for rewards. This liquidity mining platform allows users to serve as liquidity providers to decentralized exchanges and get rewarded for it. By supplying assets to liquidity pools, investors gain additional tokens, a share of transaction fees, and other incentives, all while contributing to the efficiency of DeFi ecosystems.

    4. Low Transaction Fees & Enhanced Security: HTXMining proudly offers very low transaction fees, meaning users get to keep more of the rewards they’ve earned. Coupled with state-of-the-art security measures and the safety of funds and transactions, it offers a secure and seamless staking experience.

    5. 24/7 Customer Support & Intuitive Interface: Understanding the dynamic needs of crypto investors, HTXMining provides round-the-clock customer support to assist users at every step. The design of the product is clear and convenient even for those users who have just registered, which allows them to have a beneficial time in staking and liquidity mining.

    Multiple Income Streams

    HTXMining offers several ways to earn:

    1. Traditional Staking: Lock your cryptocurrencies for a set period and earn rewards with minimal risk for long term stability and returns.

    2. Liquidity Staking: Stake your assets while keeping liquidity and benefit from both trading and staking rewards without sacrificing access to your funds.

    3. Liquidity Mining: Increase your earnings by adding assets to liquidity pools and receive additional tokens and transaction fees.

    4. Referral and Affiliate Programs: Earn commissions by bringing in new investors to the platform through HTXMining’s affiliate program.

    Why HTXMining?

    HTXMining’s approach is unique. We focus on transparency, security, and good returns. That’s why HTXMining is the platform of choice for those who want to grow their crypto assets efficiently. Our staking model and Liquidity Staking Platform ensure benefits to users with minimal risk.

    HTXMining is continually striving to introduce new staking possibilities, AI-optimized functionality, and multi-chain staking functionality to make its clients more profitable. HTXMining remains a key player in crypto staking and liquidity mining solutions with a good vision to be among staking platforms.

    Join HTXMining Today!

    Whether you are an experienced crypto investor or just getting started, HTXMining provides a good opportunity to earn and grow your assets. Relaxed staking options for liquidity, and a high-grade security wall are the blend of aesthetics that would allure someone wanting to thrive on their cryptocurrency earnings.

    About HTXMining: HTXMining is a reliable platform for liquidity staking and mining, providing safe ways to stake your assets and contribute to liquidity pools. By leveraging advanced blockchain technology, HTXMining empowers investors with better options to earn in the cryptocurrency market.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    Media Contact:

    Paul Winterowd, HTXMining
    +15757887086
    info@htxmining.com
    https://htxmining.com/

    The MIL Network –

  • MIL-OSI: Evolution Petroleum Announces Acquisition of Non-Operated Oil and Natural Gas Assets in New Mexico, Texas, and Louisiana

    Source: GlobeNewswire (MIL-OSI)

    Strategic Benefits of the Acquisition:

    • Adds approximately 440 net BOEPD of stable, low-decline production.
    • Enhances cash flow visibility with a balanced commodity mix.
    • Strengthens Evolution’s long-term dividend sustainability.
    • Offers low-risk development opportunities with potential for incremental production growth.
    • ~2.8x estimated Adjusted EBITDA1 for the next 12 months (NTM)2, providing immediate accretion.
    • $9.0 million purchase price vs. ~$15 million of Proved Developed PV-103.

    HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) — Evolution Petroleum Corporation (NYSE American: EPM) (“Evolution” or the “Company”) today announced that it has entered into a definitive agreement to acquire non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana (the “Acquisition”). The total purchase price for the Acquisition is $9.0 million, subject to customary closing adjustments. The Acquisition is expected to close by the end of Evolution’s third quarter of fiscal 2025 with an effective date of February 1, 2025. The Company intends to finance the Acquisition through a combination of cash on hand and borrowings under its existing credit facility.

    Kelly Loyd, President and Chief Executive Officer, commented: “This Acquisition marks our 7th such transaction in the last 6 years and is another step forward in strengthening our production base – aligns with our disciplined growth strategy by adding high-quality, low-decline production at an attractive valuation, estimated at ~2.8x NTM2 Adjusted EBITDA1 which doesn’t include any incremental cash flows for upside opportunities. These assets complement our existing portfolio and enhance our ability to generate stable free cash flow, which supports our long-standing commitment to returning capital to shareholders. We see additional upside through reactivations of existing waterfloods and through operational efficiencies, which will further enhance long-term value.”

    The Acquisition expands Evolution’s diverse asset portfolio with approximately 440 barrels of oil equivalent per day (BOEPD) of net production, consisting of a balanced commodity mix of 60% oil and 40% natural gas. The acquired assets are primarily low-decline, Proved Developed Producing (PDP) properties, characterized by a sub-7% annual base decline, ensuring stable cash flows and long-term value creation. The transaction is immediately accretive to all key metrics, reinforcing Evolution’s ability to sustain and grow its shareholder returns. The portfolio consists of approximately 254 gross producing wells across all regions. The assets will be managed by a top-tier private operator, ensuring operational efficiency and the ability to maximize value.

    “We remain committed to executing our strategy of acquiring high-quality, long-life assets that enhance our production base while maintaining financial discipline,” added Mr. Loyd. “This transaction further reinforces our strong balance sheet and ability to deliver consistent shareholder value through sustainable production and cash flow generation.”

    Non-GAAP Disclosure

    Certain financial information utilized by the Company are not measures of financial performance recognized by accounting principles generally accepted in the United States (“GAAP”).

    Adjusted EBITDA is a non-GAAP financial measure used as a supplemental financial measure by management and external users of the Company’s financial statements, such as investors, commercial banks, and others, to assess our operating performance as compared to that of other companies in our industry. We use these measures to assess our ability to incur and service debt and fund capital expenditures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income, as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. The Company defines “Adjusted EBITDA” as net income (loss) plus interest expense, income tax expense (benefit), depreciation, depletion, and accretion (DD&A), stock-based compensation, ceiling test impairment, and other impairments, unrealized loss (gain) on change in fair value of derivatives, and other non-recurring or non-cash expense (income) items. The Company cannot provide a reconciliation of NTM Adjusted EBITDA without unreasonable efforts because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items required for reconciliation. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results.

    PV-10 is a non-GAAP financial measure that differs from a financial measure under GAAP known as “standardized measure of discounted future net cash flows” in that PV-10 is calculated without including future income taxes. The Company believes the presentation of PV-10 provides useful information because it is widely used by investors in evaluating oil and natural gas companies without regard to specific income tax characteristics of such entities. The Company also uses PV-10 when assessing the potential return on investment related to oil and natural gas properties and in evaluating acquisition opportunities. PV-10 is not intended to represent the current market value of the Company’s estimated proved reserves. PV-10 should not be considered in isolation or as a substitute for the standardized measure as defined under GAAP. The Company also presents PV-10 at strip pricing, which is PV-10 adjusted for price sensitivities. Since GAAP does not prescribe a comparable GAAP measure for PV-10 of reserves adjusted for pricing sensitivities, it is not practicable for the Company to reconcile PV-10 at strip pricing to a standardized measure or any other GAAP measure.

    About Evolution Petroleum

    Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Properties include non-operated interests in the following areas: the SCOOP/STACK plays of the Anadarko Basin in Oklahoma; the Chaveroo Oilfield located in Chaves and Roosevelt Counties, New Mexico; the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field located in Hot Springs County, Wyoming; the Delhi Holt-Bryant Unit in the Delhi Field in Northeast Louisiana; as well as small overriding royalty interests in four onshore Texas wells. Visit www.evolutionpetroleum.com for more information.

    Cautionary Statement

    All forward-looking statements contained in this press release regarding the Company’s current and future expectations, potential results, and plans and objectives involve a wide range of risks and uncertainties. Statements herein using words such as “believe,” “expect,” “may,” “plans,” “outlook,” “should,” “will,” and words of similar meaning are forward-looking statements. Although the Company’s expectations are based on business, engineering, geological, financial, and operating assumptions that it believes to be reasonable, many factors could cause actual results to differ materially from its expectations. The Company gives no assurance that its goals will be achieved. These factors and others are detailed under the heading “Risk Factors” and elsewhere in our periodic reports filed with the Securities and Exchange Commission (“SEC”). The Company undertakes no obligation to update any forward-looking statement.

    Contact
    Investor Relations
    (713) 935-0122
    ir@evolutionpetroleum.com

    1)     Adjusted EBITDA is Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization and is a non-GAAP financial measure; see disclosures at the end of this release for more information.
    2)     Based on current NYMEX strip prices as of 3/3/25; NTM represents 12-month period of 4/1/25-4/1/26.
    3)     PV-10 is based on proved reserves determined by internal management estimates using current NYMEX strip prices as of 3/3/25 and is a non-GAAP financial measure; see disclosures at the end of this release for more information.

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Stamen Co., Ltd. (4019.T) Announces Meeting with Major Shareholder Wojciech Jakub Podobas

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, March 04, 2025 (GLOBE NEWSWIRE) — Stamen Co., Ltd. (4019.T), the developer and provider of the engagement platform TUNAG (https://biz.tunag.jp/), is pleased to announce that Wojciech Jakub Podobas founder of Podobas Global Investments, who recently became a major shareholder, visited the company’s Tokyo headquarters and held a discussion with CEO Taihei Onishi. The meeting covered the background of his investment in Stamen and his expectations for the company’s future. Below is an excerpt from their discussion.

    Key Discussion Points with Voytek Podobas (Wojciech Podobas)
    In response to a question from the CEO Taihei Onishi about what initially drew his attention to Stamen Co., Ltd. (4019.T), Voytek Podobas highlighted TUNAG, the company’s flagship product, as a key factor.

    “I believe that TUNAG, which connects companies and employees while enhancing both their professional and personal lives, is highly beneficial for Japanese society,” said Podobas. “In Japan, where work plays a significant role in people’s lives, improving workplace satisfaction is a critical issue, and TUNAG directly addresses this need. Tools like TUNAG are essential for the future development of Japan’s workforce and career growth. Its positive societal impact, combined with its exceptional and sustainable revenue growth rate, positions Stamen as a strong investment opportunity.”

    When asked about the quantitative criteria that guide his investment decisions, Voytek Podobas emphasized a combination of business performance and financial metrics.
    “In addition to evaluating a company’s product value and societal impact, I focus on two key quantitative criteria,” he explained. “First is business performance, which includes MRR/ARR growth rate, churn rate, and Total Addressable Market (TAM). Second is financial performance, where I prioritize trends in free cash flow (FCF) margin, return on capital employed (ROCE), and return on invested capital (ROIC). For a high-growth company like Stamen, prioritizing MRR and revenue growth is essential, while improving margins naturally follows as the company scales.”

    Voytek Podobas further outlined the key principles that influenced his decision to invest as Podobas Global Investments in Stamen, citing TUNAG’s strong MRR growth rate (over 40% YoY) and a consistently expanding customer base, which continues to reach new record highs each month.

    “Beyond its solid growth, Stamen maintains positive free cash flow and a well-defined dividend policy, making it a firm with long-term dividend growth potential,” he noted. “The ability to generate revenue while delivering meaningful social impact further reinforces my confidence in the investment.”

    Discussing expectations for Stamen’s future growth and profitability, Voytek Podobas stressed the importance of maintaining a clear strategic focus.

    “The key to long-term success is staying focused on core products and brand identity. Many companies struggle when they expand too aggressively into unrelated product categories after initial success, leading to stagnant growth,” he said.”For Stamen, rather than diversifying into unrelated markets, the most effective strategy is to enhance TUNAG by introducing new features, solutions, and premium add-ons. Companies that take a multi-module approach to increasing Average Revenue Per User (ARPU) often achieve sustained long-term success.”

    He concluded by expressing confidence in Stamen’s management team and its growth trajectory, emphasizing that the company is well-positioned to strengthen its market presence and deliver long-term value to investors.

    Comment from Stamen CEO Taihei Onishi
    “We are honored to welcome Wojciech Jakub Podobas as a major shareholder and appreciate his strong support for our business. His investment is a testament to the international recognition of our service, business vision, and growth potential. To meet these expectations, we will continue to strengthen our foundation while driving innovation across the entire Stamen Group to create new value.”

    About TUNAG
    TUNAG is a platform designed to enhance employee engagement by improving internal communication, sharing information, and fostering a strong corporate culture. It helps organizations increase productivity and reduce turnover rates.
    Currently, over 1,000 companies and more than 1 million users utilize TUNAG to solve organizational challenges. Its extensive features support areas such as:

    • Internal communication & company announcements
    • CEO messages & corporate vision alignment
    • Recognition programs & employee engagement initiatives
    • One-on-one meetings & feedback systems
    • Corporate training, manuals, and performance tracking
    • HR analytics & organizational surveys

    TUNAG continues to evolve, developing new features to enhance workplace satisfaction for employees across industries.

    For more information, users can visit:

    About Stamen Co., Ltd. (4019.T)
    Founded in 2016, Stamen Co., Ltd. (4019.T) operates under the mission: “Delivering inspiration and spreading happiness to as many people as possible.” The company has steadily expanded its business, leading to its public listing on the Tokyo Stock Exchange in December 2020.

    Stamen specializes in HR Tech solutions, with TUNAG as its flagship platform, alongside other services aimed at enhancing corporate engagement and workplace efficiency.

    Company Name: Stamen Co., Ltd. (4019.T)
    CEO: Taihei Onishi
    Employees: 105 (as of September 2024)
    Stock Code: 4019.T

    Contact

    Mr.
    Caesar Tabota
    office@podobas.global

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6151a4dd-1247-4ade-9c63-63d6633252dc

    The MIL Network –

  • MIL-OSI: BigCommerce Improves App Development Capabilities and Functionality for Third-Party Developers

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands and retailers, today announced a three-pronged product launch that strengthens the app-building experience for developers, extending the BigCommerce platform’s overall functionality.

    This launch includes:

    • A redesigned app development portal built for modern app developers and featuring a significantly more intuitive workflow
    • Unified Billing, a new feature that allows third-party solution providers to leverage BigCommerce billing infrastructure, making it easier to build and launch apps
    • A new partnership with Gadget.dev, a third-party solution that provides out-of-the-box hosting, infrastructure and a built-in connection to BigCommerce APIs

    “By empowering app developers with a more seamless development experience, we believe this release will have a significant impact on the overall breadth, adoption and app experience in our marketplace,” said Troy Cox, chief product officer at BigCommerce. “It further strengthens our commerce platform where businesses can easily plug in and swap out exactly the capabilities they need, empowering both our partners and customers to scale faster and create more compelling customer experiences.”

    With Unified Billing, tech partners building apps for BigCommerce can now transfer the billing responsibility for their apps over to BigCommerce, eliminating a time-consuming process and empowering them to focus on building new products and feature enhancements.

    “Integrating BigCommerce Unified Billing into our BigCommerce apps was a smooth and painless process,” said Corbin Kolehmainen, lead developer at Obundle. “The comprehensive documentation provided clear, step-by-step instructions that guided us through every stage of the implementation, complete with working example queries that can be dropped right into your code. With the seamless API integration and straightforward configurations, we were able to align our billing functionalities with BigCommerce’s unified system in no time. It’s really nice to not have to worry about building a custom payment processor. Trials and recurring billing are all handled for us automatically, allowing us to focus on delivering value to our customers.”

    “Unified Billing has allowed us to simplify the recurring payments process for our app,” said Mike Germain, owner of Expedite Systems, which built the InStockNotify app for BigCommerce. “It is an easy-to-implement solution for us and eliminates the hassle of store owners having to maintain payment methods in multiple places to run their store.”

    To become a BigCommerce tech partner, click here: https://www.bigcommerce.com/partners/become-a-partner/

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com

    The MIL Network –

  • MIL-OSI: TransUnion and Truework Align to Provide Mortgage Lenders Expanded Access to Verification of Income and Employment

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) announced today an advancement of its partnership with Truework, a leading income and employment verification provider. The collaboration will now allow mortgage lenders more encompassing and reliable access to the verification of income and employment (VOI/E) information they need to accelerate underwriting while minimizing costs.

    TruVision™ Income and Employment Verification (Powered by Truework) enables a comprehensive income and employment verification waterfall now available via the TransUnion API. This follows the recent launch of a similar TransUnion solution, also powered by Truework, for purposes of rental screening and builds upon the existing availability of the solution for auto lending.

    “With mortgage originations expected to rise this year, lenders more than ever will need efficient tools and resources for streamlined income and employment verification,” said Satyan Merchant, senior vice president and mortgage business leader at TransUnion. “TruVision Income and Employment Verification provides lenders with access to these major verification methods in one single solution.”

    With TruVision Income and Employment Verification, lenders have access to major verification methods — orchestrated together in a single solution with an industry-leading 75% average completion rate. This includes instant data for 48M+ active employee records, consumer-permissioned payroll which covers 90% of US employers, and automated outreach to HR departments and third-party providers.

    “We are excited to provide mortgage and home equity lenders with access to this new income and employment verification solution that can save them time and money while reducing errors along the way,” said Liz Pagel, senior vice president and global head of alternative data at TransUnion. “Through the integration of Truework’s best-in-class solution, we are getting closer to our vision that through one API call, mortgage lenders can receive credit, verified income and employment, and other critical solutions like undisclosed debt monitoring, which can help streamline the underwriting process.”

    Ethan Winchell, president and co-founder at Truework, added, “We are excited to power the end-to-end verification experience for TransUnion’s TruVision™ Income and Employment Verification product, and to bring speed, transparency, and high report completion to TransUnion customers. For Truework, this integration opens the doors for many new exciting markets where customers need income and employment data.”

    TransUnion is conducting a phased rollout of the new solution including integrations with loan origination systems, point-of-sale systems and GSE certifications. Mortgage and home equity lenders interested in piloting the solution are encouraged to contact tu_mortgage@transunion.com or their TransUnion representative to join its early adopter program. 

    About Truework
    Truework is the leading platform that solves income and employment verification pain points for mortgage lenders. Powered by automation and machine learning, Truework removes the complexities of managing multiple verification vendors in-house by replacing traditional and manual efforts and delivering comprehensive, vetted, and accurate verification reports. With Truework’s industry-leading 75% completion rate, mortgage providers achieve cost savings of up to 50%. To learn more, visit truework.com.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail dblumberg@transunion.com
       
    Telephone  312-972-6646

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Schedules Fourth Quarter and Full Year 2024 Conference Call for Tuesday, March 18th at 10:00 am ET

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, March 04, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, will hold a conference call and live audio webcast on Tuesday, March 18th at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2024. Bitcoin Depot plans to release results before the market open on the same day.

    Call Date: Tuesday, March 18, 2025  
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)

    Phone Instructions
    U.S. and Canada (toll-free): 888-596-4144
    U.S. (toll): 646-968-2525
    Conference ID: 8224936

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/8kgtbeme

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through March 25, 2025.

    U.S. & Canada (toll-free) replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 8224936

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot
    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025. Learn more at www.bitcoindepot.com.

    Contacts:

    Investors
    Cody Slach
    Gateway Group, Inc.
    949-574-3860
    BTM@gateway-grp.com

    Media
    Brenlyn Motlagh, Ryan Deloney
    Gateway Group, Inc.
    949-574-3860
    BTM@gateway-grp.com

    The MIL Network –

  • MIL-OSI: The Herzfeld Caribbean Basin Fund, Inc. Announces Board Approval of Change in Investment Policy

    Source: GlobeNewswire (MIL-OSI)

    MIAMI BEACH, Fla., March 04, 2025 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund’s Board of Directors (“Board”) has approved a change in the Fund’s investment strategy. Subject to necessary regulatory filings and the requisite approval of the Fund’s shareholders, the Fund will modify its current investment strategy and redirect the Fund to focus on a “CLO Equity Strategy”. With this change, the Fund’s primary investment objective will change to a total return strategy with a secondary objective of generating high current income for shareholders. In accordance with that change in investment objective, the Fund will focus on investing in equity and junior debt tranches of collateralized loan obligations, or “CLOs”. CLOs are portfolios of collateralized loans consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.

    In recommending this change to the Board, Thomas J. Herzfeld, Chairman of Thomas J. Herzfeld Advisors, Inc. (the “Investment Manager”) stated, “The Fund’s shareholders should know that we have not taken this decision lightly. We launched the Fund thirty years ago with the expectation that investment opportunities would be available upon opening of U.S. trade relations with Cuba. Over that time, we have seen the geo-political situation ebb and flow and have worked extremely hard to seek opportunities in the Caribbean Basin while we waited for the long-standing stalemate in relations to break. But with the new administration in Washington and the prospects for the opening of Cuba seemingly at a low point, we feel it is time for a dramatic change that is designed to enhance value for shareholders.”

    Cecilia Gondor, Chairperson of the Board of the Fund commented, “With the Fund continuing to trade at a persistent discount, we challenged the investment manager to recommend solutions for our shareholders. After a lengthy period of analysis, the advisor recommended that the Fund refocus its strategy to invest in CLOs. This allows the Fund to take advantage of its closed-end fund structure in a segment of the credit industry that has demonstrated an ability for funds to trade at premiums to net asset value. While this is a dramatic change in investment focus, we believe the change is in the best interest of shareholders.”

    The Directors unanimously approved the proposed changes to the Fund’s investment strategy and will recommend that the Fund’s shareholders approve the changes. The Board approved changes to the Fund’s name to Herzfeld Credit Income Fund, Inc. and ticker symbol, and that, subject to requisite shareholder approval, certain fundamental policies be modified or eliminated. The Board also authorized changes to the Fund’s investment management agreement with the Investment Manager. Those changes implement a new fee structure.

    Standard fee structures within existing funds engaged in CLO strategies are comprised of a management fee based upon assets under management and an incentive fee based upon the income earned by the funds. Under the modifications approved by the Board, the fees for the Fund will be set at a 1.25% management fee and a 10% incentive fee, subject to a hurdle rate of 9%. The prior investment management agreement between the Fund and the Investment Advisor set fees at 1.45% of assets under management. The new fee structure may be more or less than the previous fee structure depending upon the performance of the Fund and the application of the incentive fee structure.

    The Fund intends to hold a special meeting of shareholders as soon as practicable to obtain requisite shareholder approvals as required by the Investment Company Act of 1940, as amended (the “1940 Act”), which requires any change to a fundamental policy and the entering into of the new investment management agreement be approved by “a majority of the outstanding voting securities” of the Fund (as defined under the 1940 Act).

    Thomas J. Herzfeld Advisors, Inc. has been investing in the credit markets since its founding more than 40 years ago and currently manages approximately $950 million of assets across a number of investment strategies including CLOs, private and public credit and equity, municipal bonds, and other strategies. The Firm has been a consistent top Morningstar manager, having earned recognition as a 5 star performer in multiple categories for 40 consecutive quarters.1

    Mr. Herzfeld commented further, “It is imperative to me that our long-term shareholders understand that we have not given up on the opportunities that we believe ultimately will exist in Cuba. While we think the strategy change for the Fund is absolutely necessary at this time, we continue to look forward to the day when the U.S. and Cuban governments move beyond the current stalemate. We have reserved our rights to use the CUBA ticker symbol on NASDAQ and, should circumstances warrant, we will seek to explore opportunities for investment in Cuba when that day comes. Until then, however, we believe that best use of our closed-end fund structure is in the new CLO strategy.”

    Additional information about the changes to the strategy have been provided in the Fund’s Semi-Annual Report filed on Monday, March 3, 2025 with the U.S. Securities and Exchange Commission available on the Fund’s website at www.herzfeld.com/cuba and will be further included in a proxy statement (the “Proxy Statement”) that the Fund will provide in connection with its special shareholder meeting.

    Additional Information about the Strategy Changes

    This press release is not intended to, and does not, solicit a proxy from any shareholder of the Fund. The solicitation of proxies to effect the proposed changes will only be made by a definitive Proxy Statement.

    This press release references a Proxy Statement, to be filed by the Fund. The Proxy Statement has yet to be filed with the Securities and Exchange Commission (the “SEC”). After the Proxy Statement is filed with the SEC, it may be amended or withdrawn. The Fund and its directors, officers and employees, and Herzfeld Advisors, and its shareholders, officers and employees and other persons may be deemed to be participants in the solicitation of proxies with respect to the proposed fundamental policy changes and the proposed approval of the investment advisory agreement. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the Fund’s directors, officers and employees, and Herzfeld Advisors and its shareholders, officers and employees and other persons by reading the Proxy Statement when it is filed with the SEC. INVESTORS AND SECURITY HOLDERS OF THE FUND ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED CHANGES. INVESTORS SHOULD CONSIDER THE INVESTMENT OBJECTIVE, RISKS, CHARGES AND EXPENSES OF THE FUND CAREFULLY. THE PROXY STATEMENT WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVE, RISKS, CHARGES AND EXPENSES OF THE FUND. The Proxy Statement will not constitute an offer to buy or sell securities, in any state where such offer or sale is not permitted. Security holders may obtain free copies (when it becomes available) of the Proxy Statement and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies (when it becomes available) of the Proxy Statement and other documents filed with the SEC may also be obtained by directing a request to the Fund at (800) 854-3863

    About Thomas J. Herzfeld Advisors, Inc.

    Thomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds.

    More information about the advisor can be found at www.herzfeld.com.

    Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.

    Forward-Looking Statements

    This press release, and other statements that TJHA or the Fund may make, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or TJHA’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. TJHA and the Fund caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and TJHA and the Fund assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, particularly with respect to Cuba and other Caribbean Basin countries, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or TJHA, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or TJHA or the Fund; (9) TJHA’s and the Fund’s ability to attract and retain highly talented professionals; (10) the impact of TJHA electing to provide support to its products from time to time; (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (12) the effects of an epidemic, pandemic or public health emergency, including without limitation, COVID-19. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on TJHA’s website at www.herzfeld.com/cuba, and may discuss these or other factors that affect the Fund. The information contained on TJHA’s website is not a part of this press release.

    TJHA has received certain nominations or awards by third-parties as reflected herein. Investors should review the criteria for each nomination or award as reflected on the third-party’s webpage. In addition, the nominations and awards reflect past performance of the nominee or award designee and may not reflect the current performance or status of any such firm or individual and may no longer be applicable. Morningstar award content presented with permission and licensing fee. Contact us for more information on how the ratings are apportioned and for full disclosures regarding third party news and awards.

    Contact:
    Thomas Morgan
    Chief Compliance Officer
    Thomas J. Herzfeld Advisors, Inc.
    1-305-777-1660

    ______________________

    1 See disclaimer regarding Morningstar awards.

    The MIL Network –

  • MIL-OSI: MoneyHero Introduces Three-Click Travel Insurance Purchase in Singapore

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, has launched a new three-click travel insurance purchase feature for its members in Singapore. This enhancement allows returning users to instantly purchase travel insurance in just three simple clicks, eliminating the need to repeatedly fill out forms and saving them over 75% of the time typically required for purchasing a travel insurance.

    Frequent travelers often face the hassle of comparing multiple insurance policies before each trip. The new three-click feature simplifies this process, allowing MoneyHero Group members to easily compare travel insurance policies from leading insurers and complete their purchase in three simple clicks – select your preferred policy, review your details, and make payment.

    Faster, Easier, and More Convenient Travel Insurance

    This new feature simplifies the travel insurance experience by allowing MoneyHero Group members to:

            •        Compare real-time quotes from leading insurers

            •        Customize coverage to fit their travel needs

            •        Purchase insurance policies instantly without redirection to third-party sites

            •        Autofill personal details from previous purchases, skipping repetitive form-filling

            •        Receive immediate confirmation and policy issuance

    By integrating this feature with SingSaver membership, MoneyHero provides a seamless experience, making travel insurance purchases as straightforward as booking a flight or hotel online.

    Better for Customers, Stronger for Insurers

    For customers, this means less hassle and faster access to coverage. For insurers, the simplified journey improves conversion rates, increasing policy sales and customer acquisition. MoneyHero has already seen up to 2x higher conversions on end-to-end insurance purchases and expects similar or better results with this new three-click feature.

    Rohith Murthy, CEO of MoneyHero, said:

    “Travelers today seek efficiency and convenience, and they don’t want to waste time filling out the same forms every time they travel. They want a fast, seamless way to compare and purchase insurance with minimal effort. With this launch, we’re saving our members’ time, providing a smarter and more efficient way to purchase travel insurance. Our data indicates that reducing friction leads to higher completion rates for purchases—benefiting both our customers and our insurance partners. This new feature is integral to our commitment to making MoneyHero the go-to destination for digital insurance in the region.”

    Driving Growth in Digital Insurance

    MoneyHero’s insurance business is experiencing significant growth, with revenues from this vertical increasing by 54% year-over-year in the first nine months of 2024. The Company expects further acceleration as it enhances seamless purchase experiences across more insurance categories.

    Currently, MoneyHero’s travel insurance platform supports 11 insurers in Singapore and Hong Kong. Following the success of this new feature, the Company plans to extend three-click purchasing to additional insurance products and markets, further solidifying its position in the digital insurance landscape.

    About MoneyHero Group

    MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 270 commercial partner relationships as at September 30, 2024, and had approximately 7.4 million Monthly Unique Users across its platform for the three months ended September 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    Forward Looking Statements

    This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2023 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

    For MoneyHero inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com

    The MIL Network –

  • MIL-OSI: Instinct Brothers Co., Ltd, a Japanese Vertically Integrated Regenerative Medicine & Stem Cell Technology Company, to Go Public via Merger with Relativity Acquisition Corp.

    Source: GlobeNewswire (MIL-OSI)

    • Instinct Brothers Co., Ltd has entered into a definitive business combination agreement with Relativity Acquisition Corp.
    • The combined company, to be named Instinct Bio Technical Company Inc., will have an implied pro-form enterprise value of approximately $242 million, assuming no further redemptions by Relativity’s public stockholders prior to the closing of the business combination.

    NEW YORK, NY, TOKYO, JAPAN, March 04, 2025 (GLOBE NEWSWIRE) — Instinct Brothers Co., Ltd., along with its affiliated entities—Hiroki Global Co., Ltd, Artisans Production Co., Ltd, Instinct RAS Co., Ltd (collectively, “Instinct Brothers” or the “Company”)—a vertically integrated regenerative medicine and stem cell technology company based in Japan, and Relativity Acquisition Corp. (“Relativity”), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the “Merger Agreement”) that will result in Instinct Brothers becoming a wholly-owned subsidiary of Relatively upon the closing of the transaction contemplated therein (the “Proposed Transaction”) in accordance with the terms and conditions in the Merger Agreement.

    Upon closing the Proposed Transaction, the combined company will operate under the name Instinct Bio Technical Company Inc. (the “Combined Company”) and intends to list on the NASDAQ Stock Exchange under the ticker symbol ‘BIOT’.

    A Pioneering, Vertically Integrated Platform for Regenerative Medicine

    With a mission to harness the transformative power of stem cell science, Instinct Brothers has built an ecosystem that integrates stem-cell-based cosmeceuticals, research and development, university partnerships, proprietary manufacturing, industry-leading alliances, global distribution, branding, direct-to-consumer retail, medical consulting and total coordination service for franchise medical clinics, and clinical application research in regenerative medicine.

    By leveraging a high-quality stem cell culture medium with over 380 cytokines and growth factors, Instinct Brothers has positioned itself in the field of stem cell-derived skincare. Through its franchise GENREVER Clinic, the Company has developed a structured model for stem cell-based regenerative therapies targeting anti-aging, immune support, regenerative treatments, and disease prevention.

    Additionally, Instinct Brothers owns and operates ARTISANS PRODUCTION CO., LTD, an ISO 9001-certified manufacturing facility, allowing for seamless production of cosmeceuticals and medical-grade regenerative products. This facility enables precision manufacturing, stringent quality control, and continuous innovation, reinforcing Instinct Brothers’ commitment to excellence in stem cell technology and regenerative medicine.

    The Instinct Brothers management team, led by its founder Tomoki Nagano, will continue to run the Combined Company after the closing of the Proposed Transaction.

    Tomoki Nagano, Group Chairman and Chief Executive Officer of Instinct Brothers, said:
    “This transaction marks a transformational milestone for Instinct Brothers, positioning us to accelerate our global expansion and enhance access to cutting-edge stem cell-based therapies. Going public will allow us to scale our operations, broaden our clinical footprint, and fuel the development of new regenerative treatments that improve health and longevity. We are committed to bringing life-changing solutions to a global audience with plans to expand our clinic model into Malaysia and Indonesia, construct new clinics in Japan, and advance our Cell Processing Center joint venture.”

    Tarek Tabsh, Chief Executive Officer of Relativity Acquisition Corp., commented:
    “Perinatal stem cells have an intrinsic capacity to repair and regenerate targeted tissues, and unique adaptability that makes them a promising frontier for regenerative medicine application potential. Instinct Brothers has built a well-integrated business that delivers scientific innovation from the bench to the bedside. Their vertically integrated platform, spanning research, manufacturing, distribution, retail, and clinical application, positions them uniquely for expansion into adjacent markets. We are excited to support their journey as they continue to deliver the next generation of regenerative medicine.”

    Transaction Overview

    Under the terms of the Merger Agreement, Relativity will acquire all issued and outstanding shares of Instinct Brothers, making it a wholly owned subsidiary of Relativity. As part of the Proposed Transaction, Instinct Brothers will become a publicly traded entity under the name “Instinct Bio Technical Company Inc.” The Proposed Transaction values the Combined Company at an estimated pro forma enterprise value of approximately $242 million. The Proposed Transaction is expected to close in Q3 2025, subject to approval by Relativity’s stockholders and other customary closing conditions outlined in the Merger Agreement.

    Advisors

    Chardan Capital Markets LLC is the exclusive M&A and Capital Markets advisor to Instinct Brothers Holdings. Darryl, Edward & Co. is a legal advisor for Instinct Brothers Holdings.

    Loeb & Loeb LLP and Barnett & Linn LLP serve as legal advisors to Relativity Acquisition Corp.

    About Instinct Brothers

    Instinct Brothers is a vertically integrated Japanese company specializing in stem cell technology and regenerative medicine, encompassing research and development, manufacturing, distribution, retail, and clinical applications. Founded in 2017, Instinct Brothers is led by industry expert Tomoki Nagano, Group Chairman and Chief Executive Officer, an industry expert with a vision to drive innovation in regenerative medicine. The Company’s mission is to advance stem cell science, enhance patient outcomes, and pioneer the next generation of stem cell-based therapies.

    About Relativity Acquisition Corp.

    Relativity Acquisition Corp. is a blank check company sponsored by Relativity Acquisition Sponsor LLC, a Delaware limited liability company, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

    Additional Information and Where to Find It

    In connection with the Proposed Transaction, Relativity and Instinct Brothers intends to file a Registration Statement on Form F-4 (the “Form F-4”) with the United States Securities and Exchange Commission ( the “SEC”), which will include a preliminary prospectus with respect to its securities to be issued in connection with the Proposed Transaction and a preliminary proxy statement with regard to Relativity’s stockholder meeting at which Relativity’s stockholders will be asked to vote on the Proposed Transaction. Relativity’s investors, stockholders and other interested persons are advised to read, when available, the Form F-4, including the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC, because these documents will contain important information about the proposed business combination. After the Form F-4 has been filed and declared effective, Relativity will mail the definitive proxy statement/prospectus to stockholders of Relativity as of a record date to be established for voting on the business combination. Relativity stockholders will also be able to obtain a copy of such documents, without charge, by directing a request to: Relativity Acquisition Corp., 3753 Howard Hughes Parkway, Suite 200 Las Vegas, Nevada 89169; e-mail: info@relativityacquisitions.com. These documents, once available, can also be obtained, without charge, at the SEC’s website www.sec.gov.

    Participants in the Solicitation

    Relativity and its directors and officers may be deemed participants in soliciting proxies of Relativity’s stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Relativity’s executive officers and directors in the solicitation by reading Relativity’s final prospectus filed with the SEC on February 14, 2022, the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Relativity’s participants in the solicitation, which may, in some cases, be different from those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.

    No Offer or Solicitation

    This press release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Relativity and Instinct Brothers or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

    Forward Looking Statements

    This press release may include, and oral statements made from time to time by representatives of the Company may include “forward-looking statements”. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release, are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Form F-4 and prospectus to be filed with the SEC. The Company and Relativity undertake no obligation to update these statements for revisions or changes after the date of this release except as required by law.

    Contact Information

    Instinct Brothers Co., Ltd.

    Email: ir@instinct-biot.com

    Website: https://instinct-bro.com/

    Relativity Acquisition Corp.

    Email: info@relativityacquisitions.com

    Website: www.relativityacquisitions.com

    The MIL Network –

  • MIL-OSI: Melissa Launches Integrated Datasets and Native Apps in Snowflake

    Source: GlobeNewswire (MIL-OSI)

    RANCHO SANTA MARGARITA, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Melissa, a global leader in data quality and address management solutions, is now available on Snowflake Marketplace. Offering Melissa APIs as Snowflake native apps, and a selection of its comprehensive datasets, Melissa is supporting enterprise users worldwide with enriched customer data for better business intelligence and global customer engagement. This integration simplifies access to Melissa’s high-quality data and verification services, enabling businesses to enrich, validate, and leverage critical customer and location intelligence directly within the Snowflake AI Data Cloud.

    Melissa now offers 19 data products on Snowflake, including 17 datasets featuring phone, email, demographic, property, and geolocation information, and two Snowflake native apps designed to enhance data verification processes within the Snowflake environment. The newly integrated Personator Consumer and Global Address Verification native apps allow Snowflake users to validate customer addresses globally without exporting data, streamlining workflows and reducing errors.

    “With Melissa’s integration into Snowflake Marketplace, businesses can now access our trusted data and verification services natively within the Snowflake platform. Data workflows are optimized and eliminate the traditional complexities of data extraction, transfer, and integration,” said Daniel Kha Le, Chief Data Officer, Melissa. “This partnership ensures that organizations using Snowflake can seamlessly enhance their data quality—a critical value in improving operational efficiency and driving better decision-making.”

    Snowflake is a single, fully managed and integrated platform that businesses securely connect to globally across any type or scale of data to productize AI, applications, and more in the enterprise. This approach eliminates the data silos that lead to complexity and the need to move data to get business value. Snowflake users access all their data from a single platform, including data that is unstructured, in open formats, and from third parties.

    Through the Snowflake Marketplace, businesses can now easily tap into Melissa’s datasets to find information on:

    • 200 million U.S. consumers, including demographic, lifestyle, and contact data
    • 17+ U.S. million companies and organizations, including firmographic and contacts
    • New mover data updated with over 100,000 new records every week
    • New homeowner data updated with over 75,000 new records every week
    • ZIP+4, Carrier Route, Place Name, Congressional District, Lat&Long Coordinates, Parcel and Building Footprints data
    • Geo-referenced and phone data for the U.S. and Canada

    For more information, access Melissa’s Snowflake Marketplace Page, visit www.Melissa.com, or contact sales@Melissa.com.

    About Melissa
    Powering clean customer data for 40 years, Melissa is the Address Expert. Providing address validation, address autocomplete, and geo-verified address data for 240+ countries, Melissa supports global businesses with its offices in the U.S., U.K., Germany, India, Singapore, and Australia. Melissa’s suite of data quality, ID verification, and location data tools and services drives better decision-making, reduced costs, increased efficiency, and improved compliance. Our APIs, CRM and ecommerce integrations, and online tools help Melissa’s 10,000 customers worldwide process billions of addresses daily, fully capitalizing on the business value of customer data. For more information, visit www.Melissa.com or call 1-800-MELISSA (635-4772). 

    Media contacts
    Greg Brown
    Vice President, Global Marketing, Melissa
    greg.brown@Melissa.com
    +1-800-635-4772 x1130

    MPoweredPR for Melissa
    pr@mpoweredpr.com
    +1-877-794-6777

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/691aaa16-564c-4ea6-b103-0a489043b12b.

    The MIL Network –

  • MIL-OSI: Nicholas Wealth Announces $50,000,000 in AUM for $GIAX ETF

    Source: GlobeNewswire (MIL-OSI)

    MARIETTA, Ga., March 04, 2025 (GLOBE NEWSWIRE) — Nicholas Wealth, a leading provider of actively managed income ETFs, just announced that the Nicholas Global Equity and Income ETF (GIAX) has $50,000,000 in assets under management as of January 31st, 2025.

    “We are humbled to see the incredible growth in AUM for our GIAX ETF. The success of this fund is a testament to the investors and financial advisors who have believed in us. Our goal was not only to create a fund that provided consistent distributions along with a stable NAV but to do it in a way that provided global diversification for investors. On behalf of the entire XFUNDS / Nicholas Wealth team, thank you! We are excited for the future of GIAX.” – David Nicholas, Portfolio Manager of GIAX

    Distribution as of 2/28/2025

    ETF Ticker Distribution per Share Distribution Rate 30-Day SEC Yield Ex-Date Record Date Payment Date
    GIAX $0.3709 24.00%3 0.48%2 2/27/2025 2/27/2025 2/28/2025

    Inception date: 7/23/2024
    Click here to view standardized performance for GIAX.

    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (855) 563-6900.

    1Nicholas Global Equity and Income ETF has a gross expense ratio of 0.97%.

    2The 30-Day SEC Yield for GIAX is 0.48%. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended January 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

    3The Distribution Rate is the annual rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The recent distribution for GIAX on 1/31/25 included 84.93% Return of Capital and 15.07% Income. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

    Investors in the Fund will not have rights to receive dividends or other distributions with respect to the underlying reference asset.

    Must be preceded or accompanied by a prospectus.

    Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. Please see the 19a-1 notice for more information on return of investor capital. The distribution may contain a return of capital, but an estimate cannot be provided at this time.

    Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

    Risk Information

    Investments involve risk. Principal loss is possible.

    Investing in the Funds involves a high degree of risk.

    THE FUND, TRUST, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING ETF.

    Due to the Funds’ investment strategies, the Funds’ investment exposures are concentrated in the same industries that are assigned to the underlying stock or ETF. As with any investment, there is a risk you could lose all or part of your investment in the Fund. Some or all of these risks may adversely affect the Funds’ net asset value (“NAV”) per share, trading prices, yields, total returns, and/or ability to meet their objective.

    Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the Fund in creation units. Brokerage commissions will reduce returns.

    Investments involve risk. Principal loss is possible.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in option contracts which exposes the Fund to the risk that the counterparty will not fulfill its obligation to the Fund.

    Equity Market Risk. By virtue of the Fund’s investments in option contracts equity ETFs and equity indices, the Fund is exposed to common stocks indirectly which subjects the Fund to equity market risk.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    Hedging Transactions Risk. Hedging transactions involve risks different than those of underlying investments. In particular, the variable degree of correlation between price movements of hedging transactions and price movements in the position being hedged means that losses on the hedge may be greater than gains in the value of the Fund’s positions, opportunities for gain may be limited or that there may be losses on both parts of a transaction.

    Illiquid Investments Risk. The Fund may, at times, hold illiquid investments, by virtue of the absence of a readily available market for certain of its investments, or because of legal or contractual restrictions on sales.

    Interest Rate Risk. The value of the Fund’s investments in fixed income Treasury securities will fluctuate with changes in interest rates.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Yield to Maturity: Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures.

    Dividend Yield: The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.

    Average Duration: A measure of a fund’s interest-rate sensitivity—the longer a fund’s duration, the more sensitive the fund is to shifts in interest rates. Duration is determined by a formula that includes coupon rates and bond maturities. Small coupons tend to increase duration, while shorter maturities and higher coupons shorten duration.

    Distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Tidal Financial Group

    Launch & Structure Partner: Tidal Financial Group.

    The MIL Network –

  • MIL-OSI: Infinidat is Recognized as a 2025 Gartner® Peer Insights™ Customers’ Choice for Primary Storage Platform for the Seventh Time: 5 Times as an Overall Customers’ Choice and 2 Times as a North America Region Customers’ Choice

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., March 04, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that the company has been named a 2025 Gartner® Peer Insights™ Customers’ Choice in the Gartner Peer Insights “Voice of the Customer”: Primary Storage Platforms.1 This enterprise customer-centric recognition is the seventh time that Infinidat has been recognized [5 times as an overall Customers’ Choice and 2 times as a North America region Customers’ Choice] as a Gartner Peer Insights Customers’ Choice as either a regional segment or overall Customers’ Choice for enterprise storage.

    On an overall basis, Infinidat has been named a Gartner Peer Insights Customers’ Choice for Primary Storage five times over the past seven years – 2025, 2023, 2021, 2020, and 2019 − while on a regional basis, Infinidat has been recognized as a Gartner Peer Insights Customers’ Choice in North America twice – 2024 and 2023. Infinidat’s recognition is based on the reviews and ratings of end users from enterprises that are independently verified by Gartner.

    “We believe the recognition of Infinidat as a Gartner Peer Insights Customers’ Choice for the seventh time, including five times as an overall Customers’ Choice and two times as a North America region Customers’ Choice, demonstrates our expertise in primary storage in the enterprise market,” said Phil Bullinger, CEO at Infinidat. “We believe Infinidat continues to differentiate itself by simplifying storage through advanced automation, enabling cost savings, providing industry-leading performance, incorporating cyber storage resilience and AI, and ensuring 100% availability with our triple-redundant storage architecture that is unique in the industry. There is no stronger endorsement of our comprehensive enterprise storage solutions than to read positive feedback directly from end-user customers who love Infinidat and the exceptional user experience that we deliver.”

    As of the Gartner Peer Insights “Voice of the Customer”: Primary Storage Platforms published on February 24, 2025, Infinidat has received an average overall rating of 4.9 stars out of 5 in the Primary Storage Platforms market for the InfiniBox® and the InfiniBox™ SSA based on 77 reviews. In addition, 99% of customers indicated their willingness to recommend Infinidat to their peers.

    According to the report, “Vendors placed in the upper-right ‘Customers’ Choice’ quadrant of the ‘Voice of the Customer’ have scores that meet or exceed the market average for both axes (User Interest and Adoption, and Overall Experience).” We believe, as the ‘go to’ site for IT buyers of enterprise-class technology solutions, Gartner Peer Insights is the industry-standard enterprise reviews and ratings platform.

    Examples of Customer Reviews
    The following is a sample of the reviews that Infinidat users have been posting on Gartner Peer Insights site recently:

    To read the report, click here. To read more Gartner Peer Insights reviews from Infinidat’s end-user customers worldwide, click here.

    About Gartner Peer Insights
    Gartner Peer Insights is an online platform of ratings and reviews of IT software and services that are written and read by IT professionals and technology decision-makers. The goal is to help IT leaders make more insightful purchase decisions and help technology providers improve their products by receiving objective, unbiased feedback from their customers. Gartner Peer Insights includes more than 350,000 verified reviews in more than 340 markets. For more information, go to: www.gartner.com/reviews/home.

    ¹ Gartner Peer Insights “Voice of the Customer”: Primary Storage Platforms, Peer Contributors, 24 February, 2025.
     
    Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
     
    GARTNER is a registered trademarks and service mark, and PEER INSIGHTS is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

    Reviews have been edited to account for errors and readability.

    About Infinidat
    Infinidat provides enterprises and service providers with a platform-native primary and secondary storage architecture that delivers comprehensive data services based on InfiniVerse®. This unique platform delivers outstanding IT operating benefits, support for modern workloads across on-premises and hybrid multi-cloud environments. Infinidat’s cyber resilient-by-design infrastructure, consumption-based performance, 100% availability, and cyber security guaranteed SLAs align with enterprise IT and business priorities. Infinidat’s award-winning platform-native data services and acclaimed white glove service are continuously recommended by customers. For more information, visit www.infinidat.com.

    Connect with Infinidat
    About Infinidat
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    Media Contact
    Infinidat
    Sapna Capoor
    Director of Global Communications
    scapoor@infinidat.com | Mobile: +44 (0) 7789684159

    The MIL Network –