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Category: GlobeNewswire

  • MIL-OSI: TRC Amends Its Tender Offer for Lamb Weston Holdings, Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — TRC Capital Investment Corporation (TRC) announced today that based on current market conditions, TRC has amended the terms of its tender offer for up to 2,000,000 common shares of Lamb Weston Holdings, Inc. (the Company) and has decreased the offer price payable to US$51.00 per share from US$55.95 per share.

    TRC also announced that its offer will still expire at one minute after 11:59 p.m. New York City time on March 13, 2025, unless further extended.

    As of close of business on Wednesday, February 26, 2025, no shares had been tendered.

    TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date and not properly withdrawn in accordance with the terms of the offer. TRC will not be required to accept for payment or pay for any shares and may terminate the offer if certain conditions which, in the reasonable judgment of TRC in any such case, makes it inadvisable to proceed with the offer or with such acceptance for payment or payment.

    Stockholders of the Company who have already tendered their shares and have not withdrawn such shares need not take any additional action with respect to TRC’s amended tender offer. These stockholders will receive the decreased offer price of US$51.00 per share in TRC’s tender offer.

    TRC has amended its tender offer materials to reflect the decreased offer price and other relevant changes.

    THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND THE OFFER TO BUY THE COMPANY’S SHARES WILL ONLY BE MADE PURSUANT TO THE OFFER TO PURCHASE AND RELATED MATERIALS, AS SUCH DOCUMENTS ARE SUPPLEMENTED AND AMENDED. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. STOCKHOLDERS CAN OBTAIN A COPY OF THE OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER BY CONTACTING THE INFORMATION AGENT FOR THE OFFER, CNRA FINANCIAL SERVICES INC. AT (416) 861-9446.

    TRC Capital Investment Corporation is a private investment corporation that manages a diverse investment portfolio.

    For further information, contact:

    Contact:        Lorne H. Albaum, President
    Phone:          (416) 304-1474

    The MIL Network –

  • MIL-OSI: Empower Students with Free Resources to Thrive in Today’s Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet

    Source: GlobeNewswire (MIL-OSI)

    CHARLOTTE, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Discovery Education, the creator of essential K-12 solutions used in classrooms around the world, today announced the launch of a new Digital Citizenship Initiative. The Digital Citizenship Initiative is a dynamic partnership that provides educators and students with free tools, resources, and the skills needed to thrive in today’s digital world.

    The Digital Citizenship Initiative grew out of needs summarized in a dedicated white paper entitled Risks and Resilience: Why Digital Citizenship Matters in K12 Education. This study illuminated many of the issues facing today’s students, including cyberbullying, online privacy, and digital footprints. Furthermore, research shows that students remain largely unaware of the impacts of digital technologies on all aspects of life. Discovery Education defines digital citizenship as a set of strategies and behaviors designed to promote a safer online experience for everyone.

    The Digital Citizenship Initiative partners include Impact Leader Verizon and Fortinet. Each partner has helped contribute expert insights to develop standards-aligned digital resources. Resources include ready-to-use materials, digital lessons, DEMystified series videos, and instructional materials spanning disciplines such as science, health, social studies, and English language arts. Educators can expect quarterly content releases covering a range of topics that address digital citizenship.

    “At Verizon, we are driven by purpose and guided by values in all that we do. Being part of the Digital Citizenship Initiative is the latest building block in Verizon’s work to empower people to live, work, and play. Students are our future, and we are proud to support them as they learn to use digital technologies responsibly,” said Alex Servello, Associate Vice President of Responsible Business at Verizon.

    “As a cybersecurity leader, we believe that staying ahead of sophisticated threats and cyber risks requires building a more cyber-aware society,” said Rob Rashotte, Vice President, Fortinet Training Institute. “To help achieve this, Fortinet partnered with educators to develop and make accessible a tailor-made security awareness curriculum to help prepare both educators and students to apply cybersecurity skills at school, at home, and everywhere they need it. We are proud that this curriculum will now be leveraged in the Digital Citizenship Initiative to further develop fundamental security skill sets across our global community.”

    To access the Digital Citizenship Initiative resources, please visit digitalcitizenship.discoveryeducation.com. Educators with access to Discovery Education Experience can find these resources on the Digital Citizenship channel.

    “Digital technology has revolutionized the way students learn, connect, and express themselves. Supporting digital citizenship is critical for preparing students to navigate an increasingly connected and complex online environment,” said Amy Nakamoto, Executive Vice President of Marketing and Strategic Alliances. “Thanks to our partners – Verizon and Fortinet – for your leadership in preparing students to navigate our tech-driven world responsibly.”

    For more information about Discovery Education’s award-winning digital resources and professional learning solutions, visit www.discoveryeducation.com, and stay connected with Discovery Education on social media through X, LinkedIn, Instagram, TikTok, and Facebook.

    About Verizon
    Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    About Discovery Education
    Discovery Education is the worldwide edtech leader whose state-of-the-art, K-12, digital solutions support learning wherever it takes place. Through award-winning multimedia content, instructional supports, innovative classroom tools, and strategic alliances, Discovery Education helps educators deliver powerful learning experiences that engage all students and support higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Through partnerships with districts, states, and trusted organizations, Discovery Education empowers teachers with essential edtech solutions that inspire curiosity, build confidence, and accelerate learning. Explore the future of education at www.discoveryeducation.com.

    Contacts
    Grace Maliska
    Discovery Education
    Email: gmaliska@dicoveryed.com

    The MIL Network –

  • MIL-OSI: LPL Welcomes Townsgate Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP®, Michael Kazmer, CFP®, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $1.15 billion in advisory, brokerage and retirement assets* and join LPL from Wells Fargo Advisors Financial Network.

    Based in Westlake Village, Calif., Townsgate Wealth Management was founded in 2016 and has since grown to an ensemble practice that serves primarily high-net-worth individuals, families and business owners. Complementing each other’s strengths, the advisors focus on several areas of investing, including in-depth portfolio management, fixed-income analysis and retirement planning, while partnering with CPAs and attorneys to create deeply personalized strategies for each client. They are supported by administrative assistants Sarah Levi-Sickman, Joni Melickian and Claire Trentacosta.

    “Our clients are the center of everything we do at Townsgate,” Murray said. “We maintain a fiduciary focus for clients and take full discretion in trading, running portfolio models and creating highly customized plans to help them work toward their goals. Whether we are developing strategies that focus on preserving wealth, building a legacy or sharing wealth with the next generation, our priority is bringing our clients’ visions into reality.”

    Looking to further grow their business while maintaining their client-first approach to service, the team embarked on a year-long due diligence process that led them to LPL.

    “True independence is having the autonomy to operate on our terms, which is what we found in LPL,” Bernstein said. “LPL’s culture, strong reputation, integrated systems and innovative platform means they truly serve the needs of the advisors. With advisor-centric support and a client-centric advisory practice — our clients win.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome the advisors of Townsgate Wealth Management to LPL and congratulate the team on this milestone in the evolution of their practice. At LPL, independence means advisors benefit from book ownership, industry-leading technology and greater support to help them grow their practices while exceeding client expectations. We look forward to partnering with Townsgate for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

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

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Townsgate Wealth Management and LPL are separate entities.

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

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact:
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #700488

    The MIL Network –

  • MIL-OSI: Zoom and Mitel announce rollout of AI-first hybrid communications and collaboration solution

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Today, Zoom Communications, Inc. (NASDAQ: ZM) and Mitel, a global leader in business communications, announced the global launch of a unique hybrid cloud solution that integrates Zoom Workplace and Zoom AI Companion with Mitel’s flagship communications platforms, including its leading telephony solutions. This marks a significant milestone in the strategic partnership between the companies announced in September 2024.

    Today, organizations are navigating the adoption of emerging technologies like AI while maintaining security, business continuity, and flexibility when modernizing business communications. This new solution is designed to meet the growing enterprise demand for hybrid unified communications (UC) deployments by offering a “best-of-both-worlds” approach that empowers organizations to deliver mission-critical communications capabilities alongside exceptional collaboration functions to enhance business productivity.

    The multi-phased rollout will see Zoom’s AI-first solution integrate seamlessly with existing Mitel software and devices, starting now with global availability for Mitel’s OpenScape Voice and OpenScape 4000 platforms. This will be expanded to include MiVoice Business solutions in the coming weeks, as well as MiVoice 5000 and MX-ONE solutions before the end of 2025. Device portfolios like the OpenScape CP and the Mitel 6900 Series are now Zoom Phone certified, with the full list of certified models available here. Certification of Mitel’s OpenScape SBC is also complete, enabling compatibility with Zoom’s Bring-Your-Own-PBX (BYOP) and Bring-Your-Own-Carrier (BYOC) direct routing capabilities. Mitel Border Gateway (MBG) certification will follow in the weeks ahead.

    “As businesses navigate the connectivity requirements to support hybrid work, they need solutions that unite the benefits of on-prem or single-instance cloud communications infrastructure with Zoom’s industry-leading collaboration experiences, giving them the best of both while future-proofing their organizations,” said Graeme Geddes, chief sales and growth officer at Zoom. “The AI-first solution provided by Zoom and Mitel makes connecting and collaborating seamless and efficient while giving customers the flexibility to migrate to the cloud on their own terms and with their existing Mitel devices.”

    “Recent research shows 92% of mid-to-large enterprises are considering hybrid deployments, and for good reason,” said David Petts, chief sales officer at Mitel*. “In today’s rapidly changing workplace, staying connected through video, chat, or voice is more important than ever and a vital part of business continuity planning. Mitel’s strategic partnership with Zoom has produced an offering that provides seamless access to these solutions while enabling compliance and security control in the most demanding use cases, industries, and geographies. With the integration of Zoom’s AI Companion, it’s a winning combination for organizations looking for an elevated collaboration experience that truly fits their overall communication needs.”

    Deliver AI-first collaboration tools built for modern work
    With the Zoom Workplace app fully integrated with secure Mitel telephony and devices, users can call, meet, and chat from a single solution, including the ability to escalate from a Mitel-powered call directly into a Zoom meeting. Additionally, users can brainstorm ideas, develop content, and kickstart project plans with Zoom Docs, Zoom Whiteboard, Zoom Clips, and more. AI Companion is woven throughout to help users jumpstart content creation, stay focused, prioritize what’s important, and get answers fast.

    Maintain control and maximize current investments
    With the joint hybrid solution, users can maintain unmatched control over mission-critical activities like release schedules, configurations, updates, system changes, and telephony while leveraging existing investments without isolation. For organizations in specialized industries like healthcare, hospitality, government, and financial services, this means having the ability to continue to leverage existing Mitel-certified vertical integrations along with specialized devices and workflows for frontline workers.

    Blend on-prem and cloud capabilities to suit an organization’s unique requirements
    The hybrid architecture from Zoom and Mitel provides users with a simple approach to blending on-prem with the right mix of private and public cloud on their terms to meet their unique needs. It gives organizations the flexibility, tools, and resilience they need to future-proof their current systems while maintaining reliability throughout the process. Additionally, using the Zoom Workplace app, users will have access to a consistent modern user experience every step of the way. If UCaaS is ultimately their preferred deployment model, they can easily bring their certified Mitel devices with them.

    Jim Lundy, Founder & CEO of Aragon Research, confirms that “The Mitel-Zoom partnership is a game changer, offering businesses a path to hybrid communications with AI collaboration and communications capabilities.”

    The joint solution is now available to customers worldwide. Further advanced capabilities are underway as part of the multi-phase partnership plan. For more information about the joint solution, please visit https://www.mitel.com/products/zoom-workplace.

    * According to a June 2024 global survey of 1,954 organizations conducted by Mitel and Techaisle.

    About Zoom
    Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Get more information at zoom.com.

    About Mitel
    Mitel is a global leader in business communications, providing businesses with advanced communication, collaboration, and contact center solutions. With more than 70 million users across over 100 countries, Mitel empowers organizations to connect, communicate, and collaborate seamlessly, with the flexibility and choice they need to thrive, both now and for the future. Through proven experience and innovative solutions, Mitel delivers communications without compromise. For more information, go to www.mitel.com and follow us on LinkedIn.

    Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.

    Zoom Public Relations
    Karen Modlin
    press@zoom.us

    Mitel Public Relations
    Trever Kerr, Americas
    Sandrine Quinton, Europe and Asia
    pr@mitel.com

    The MIL Network –

  • MIL-OSI: Bruno Lacoste Promoted to Group Leader, Signaling and Security, at Lumine Group to Strengthen Leadership in Telecommunications Innovation

    Source: GlobeNewswire (MIL-OSI)

    LOWELL, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Titan.ium Platform today announced that Bruno Lacoste has been appointed to a new position with the parent company as Group Leader Signaling and Security, Lumine Group Inc. This is an additional responsibility to his role as CEO of Titan.ium Platform. This promotion recognizes Lacoste’s exceptional leadership and reflects the Lumine Group’s commitment to strengthening its leadership in telecommunications innovation.

    In his new role, Lacoste will leverage his deep industry expertise with more than 20 years of experience at telecommunications and software companies and lead cross-company collaboration within Lumine Group. His role underscores the significance of signaling and security technologies in shaping the future of communications networks worldwide.

    “Bruno’s tenure as CEO has been transformative for Titan.ium,” said Tony Garcia, group president at Lumine Group. “Under his leadership, the company achieved remarkable milestones, including the successful modernization of critical network infrastructures for leading global operators. As Group Leader, Signaling and Security, Bruno’s vision and expertise will continue to be a driving force behind our innovation and growth.”

    Lacoste joined Titan.ium in 2017 helping to position the company as a trusted partner to the world’s top communications service providers. Over the years, he has been instrumental in advancing Titan.ium’s cloud-native solutions, forging strong relationships with customers, and driving strategic initiatives that solidified the company’s leadership in the telecommunications industry.

    “I am looking forward to taking on this new role and building on Lumine’s mission to deliver cutting-edge solutions that empower our customers,” said Lacoste. “The telecommunications landscape is evolving rapidly, and I look forward to focusing on our world-class signaling and security portfolio to drive innovation and ensure our customers remain at the forefront of this transformation.”

    This promotion reflects Lumine Group’s commitment to talent development and nurturing growth to position itself for continued success with a global portfolio of communications and media software businesses.

    About Lumine Group
    Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

    About Titan.ium Platform
    Titan.ium Platform is a leader in signaling, routing, subscriber data management, and security software and services. Our solutions, which are deployed in more than 80 countries by over 180 companies, including eight of the world’s top 10 communications service providers and all of the top five, are a testament to our industry leadership. Titan.ium supports any network, domain, signaling protocol, and infrastructure with advanced routing capabilities and a unified end-user experience. For more information, please visit https://titaniumplatform.com.

    Media Contact
    Glenn Rossman
    glenn@eckertcomms.com
    914-623-8354

    The MIL Network –

  • MIL-OSI: Ataccama Data Trust Report 2025: One in five businesses lack a data governance framework, leaving AI advantages untapped

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today released the Ataccama Data Trust Report 2025: Turning Compliance and Risk Mitigation into a Foundation for Strategic AI Advantage, which highlights a disconnect between businesses’ ambitions for AI and their investment into compliance and risk mitigation. The second report in the series explores how many businesses are running before they can walk by building AI on unstable foundations made of data that isn’t governed correctly.

    The report found that 42% of organizations prioritize regulatory compliance, but only 26% focus on it within their data teams. This highlights blind spots with real-world consequences like regulatory fines and data breaches that can erode customer trust, financial stability, and competitiveness. The Data Trust Report suggests that organizations must reframe their thinking to see compliance as the foundation for long-term business value and trust.

    Automation is the engine of sustainable risk mitigation

    Generative and traditional AI tools are only as reliable as the data they depend on. To ensure this data isn’t compromised, businesses must adopt automation for more than just improving efficiencies. Considering 47% of organizations recognize data quality as critical to compliance and 39% highlight data accuracy as essential for risk mitigation, automation within this process is vastly undervalued.

    To gain access to AI-ready data, innovative companies should be embedding automation into their workflows for data validation and accuracy, scalable risk mitigation, and auditing. Without automation as the foundation for scalability, businesses risk their AI investment failing.

    Leadership misalignment is the silent killer of AI success

    33% of organizations cite leadership misalignment as a significant blocker for responsible AI adoption. The evolution of AI far outpaces historical transformations such as cloud adoption, creating an unprecedented urgency for strategic leadership alignment, which many businesses are lacking.

    Leadership teams must act decisively and responsibly to enable their organizations to set the pace for AI adoption. This includes ensuring complete alignment to a robust governance framework across the business, which 21% of organizations lack entirely. Driving this compliance from the top down will create a cultural reset that sees governance move from a reactive checkbox to a strategic driver of innovation and trust.

    The growing strain of regulatory tension

    Just 2% of organizations believe regulations stifle innovation, while 55% feel that current frameworks are too restrictive, showing clear tension between the optimism businesses feel towards compliance and the reality of fast-moving AI sectors. Currently, only 24% of organizations have implemented AI at scale, highlighting a significant gap in readiness.

    Fortunately, automation has the potential to improve regulatory adherence by 40% this year, which businesses can augment by establishing cross-functional teams to adapt to regulatory changes in real-time, and by shifting the mindset of their teams to see compliance as an opportunity rather than a hurdle.

    Mike McKee, CEO of Ataccama, said, “Ataccama is in a unique position to help companies tackle data quality as the foundation for successful AI business initiatives with our unified data trust platform that combines data quality, lineage, observability and master data management. Compliance built on high-quality, trusted data is the foundation for transparency, and it should be regarded as more than a tick-box exercise. Tackling this with a scalable solution embedded with AI-enabled automation will unlock a competitive advantage for initiatives such as customer expansion and personalized experiences. The business leaders that understand this and instill the same mindset throughout their companies will be the ones setting the pace in the future.”

    Read the full report here.

    Visit Ataccama on Booth 918 at the Gartner Data & Analytics Summit 2025 on March 3-5 in Orlando, Florida. More information here.

    Editor’s Notes

    Methodology: An online quantitative research survey was undertaken by Hanover Research in September and October 2024 with 300 qualified participants (U.S. n=150; Canada n=50; U.K. n=100). Respondents were aged 35+ and employed full-time within organizations generating revenue over $500 million in the banking/finance, business services, healthcare, insurance, manufacturing, retail, software, and telecommunications industries. Participants were senior leaders or heads of department with a data-led function and had some or full responsibility for technology decision-making and data strategy.

    About Ataccama

    Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2024 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at www.ataccama.com.

    The MIL Network –

  • MIL-OSI: Wix Announces Board Authorization of $200 Million Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK —Wix.com Ltd. (NASDAQ: WIX) (“Wix,” the “Company,” “we” or “our”), today announced that its Board of Directors (the “Board”) authorized a program to repurchase the Company’s securities (ordinary shares and/or convertible notes) in an amount up to $200 million.

    This repurchase program demonstrates the Board’s continued confidence in the Company’s ability to drive strong cash flow generation and ongoing commitment to increasing shareholder value.

    Under the Board authorized repurchase program, Company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act“).  The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its securities under this authorization.  The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.  Repurchases under the repurchase program may begin after conclusion of the 30-day period for creditors of the Company to object to the Company’s intent to perform the distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Regulations (Approval of Distribution), 5761–2001.  The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company’s ordinary shares, general market and economic conditions, any objections received by the Company from its creditors, the Company’s financial results and liquidity, and other considerations.  The Company expects to fund repurchases with cash on hand and future cash generated from its operations.

    About Wix.com Ltd.

    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

    1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of H1 2024.

    Forward-Looking Statements

    This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “outlook,” “future,” “will,” “seek,” “confidence,” and similar terms or phrases. The forward-looking statements contained in this document, are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our expectation that we will be able to attract and retain registered users and partners, and generate new premium subscriptions, in particular as we continuously adjust our marketing strategy and as the macro-economic environment continues to be turbulent; our expectation that we will be able to increase the average revenue we derive per premium subscription, including through our partners; our expectation that new products and developments, as well as third-party products we will offer in the future within our platform, will receive customer acceptance and satisfaction, including the growth in market adoption of our online commerce solutions and our Wix Studio product; our expectations regarding our ability to develop relevant and required products using artificial intelligence (“AI”), the regulatory environment impacting AI and AI-related activities, including privacy and intellectual property, and potential competitive impacts from AI tools; our assumption that historical user behavior can be extrapolated to predict future user behavior, in particular during turbulent macro-economic environments; our prediction of the future revenues and/or bookings generated by our user cohorts and our ability to maintain and increase such revenue growth, as well as our ability to generate and maintain elevated levels of free cash flow and profitability; our expectation to maintain and enhance our brand and reputation; our expectation that we will effectively execute our initiatives to improve our user support function through our Customer Care team, and continue attracting registered users and partners, and increase user retention, user engagement and sales; our ability to successfully localize our products, including by making our product, support and communication channels available in additional languages and to expand our payment infrastructure to transact in additional local currencies and accept additional payment methods; our expectation regarding the impact of fluctuations in foreign currency exchange rates, interest rates, potential illiquidity of banking systems, and other recessionary trends on our business; our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectation to comply with AI, privacy, and data protection laws and regulations as well as contractual privacy and data protection obligations; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, as well as our ability to achieve and maintain profitability; our expectations regarding changes in the global, national, regional or local economic, business, competitive, market, and regulatory landscape, including as a result of Israel-Hamas war and/or the Israel-Hezbollah hostilities and/or the Ukraine-Russia war and any escalations thereof and potential for wider regional instability and conflict; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; our expectations with respect to the integration and performance of acquisitions; our ability to attract and retain qualified employees and key personnel; and our expectations about entering into new markets and attracting new customer demographics, including our ability to successfully attract new partners large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on March 22, 2024. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

    The MIL Network –

  • MIL-OSI: Progress Appoints Ed Keisling to the Role of Chief AI Officer

    Source: GlobeNewswire (MIL-OSI)

    Senior engineering leader to oversee Company’s AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio

    BURLINGTON, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the appointment of Ed Keisling as the Company’s Chief AI Officer (CAIO). In this newly created role, Keisling will be responsible for leading the AI strategy for Progress and for further transforming the Company’s product portfolio to support customers with their AI journeys. He will report directly to Progress CEO Yogesh Gupta.

    “Ed is a transformational technology leader with over three decades of experience leading and driving change,” said Yogesh Gupta, CEO, Progress. “Here at Progress, he has been instrumental in advancing our AI vision and innovation efforts. His ability to bridge engineering execution with strategic business goals has been evident throughout his career. Ed is shaping our AI-first approach as we align our product offerings to the rapidly evolving needs of our customers.”

    Progress remains at the forefront of AI innovation, delivering responsible AI-powered digital experience and infrastructure software to hundreds of thousands of customers worldwide.

    “Our customers rely on Progress to power and solve mission-critical parts of their business, and AI is redefining how these solutions evolve,” said Keisling. “With recent advancements in AI, the pace of innovation is accelerating, removing traditional barriers to adoption. Progress has been offering AI capabilities within its products for years and has passionate teams already focused on this space. I am excited to further develop and lead this charge ensuring our customers have the tools, processes and expertise to fully leverage AI’s transformative potential and drive even further value with our products.”

    Previously, Keisling served as Senior Vice President of Engineering for Infrastructure Management at Progress where he played a pivotal role in driving innovation and enhancing operational efficiency. Prior to Progress, he held various executive positions in the technology sector specializing in complex system architectures, cloud computing and large-scale infrastructure management. Keisling was a member of the executive leadership team at Vecna Technologies where he ran Engineering, IT, DevOps, Support, Program Management and Analytics. He also held senior engineering roles at Pegasystems for over 17 years.

    Keisling continues to give his time to engineering development programs including the UNH Pathways Program and the MIT Undergraduate Practice Opportunities Program (UPOP), where he serves as a mentor and presenter.

    About Progress
    Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible, AI-powered applications and experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

    Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.

    Press Contacts:
    Kim Baker
    Progress
    +1-800-477-6473
    pr@progress.com

    The MIL Network –

  • MIL-OSI: Triller Group Unveils 2025 Roadmap and Creator-Centric Initiatives in Investor Update

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, Feb. 27, 2025 (GLOBE NEWSWIRE) — Triller Group Inc. (“Triller”, “Triller Group” or “the Company”) is thrilled to release its latest investor presentation showcasing once-in-a-lifetime opportunities within the rapidly expanding Creator Economy. Transformative changes in technology and unmet needs of consumers and creators are reshaping the Creator Economy landscape. Triller is uniquely positioned to capitalize on these developments by creating innovative solutions that empower creators and redefine how content is created, distributed, owned and monetized. Through this latest investor presentation, Triller is providing its stakeholders with in-depth insights into its commitment to driving growth in this lucrative marketplace.

    The Creator Economy is on its way to becoming a marketplace exceeding $500 billion. Powerful drivers are converging to create a once-in-a-lifetime opportunity. Technology continues to disrupt traditional platform and content distribution models. Existing platforms are unable to meet the needs of consumers and creators. Market uncertainties are giving rise to previously unimagined possibilities. Taken together, these developments are creating a unique moment in time to open doors for Triller’s dynamic solutions. The Creator Economy is ripe for Triller’s disruption and innovation.

    Triller Group Inc. stands at the forefront of transformation by offering three proven pathways to capitalize on the burgeoning Creator Economy.

    The Triller App is emerging as one of the most creator-focused platform, equipped with a distinctive vision, comprehensive quarter-by-quarter ready-to-implement plan. With initiatives such as “savemytiktoks” and weekly updates to its new and improved app, Triller is actively bringing its innovative, creator-friendly vision to fruition. Early successes (including the rise to the top tier position in app stores around the globe) have given Triller App significant momentum and the right to win in this space.

    BKFC and TrillerTV are thriving businesses dedicated to producing and delivering authentic and unique content. By integrating these entities more closely, Triller Group can unlock tremendous value, following a proven industry playbook.

    AGBA provides a sophisticated distribution platform for financial services, showcasing an technologically innovative and efficient approach to the distribution of financial services. Through AGBA FinTech investments, Triller Group has a clear pathway to introducing financial services into the Creator Economy, creating new revenue streams and enhancing the overall ecosystem.

    As the Creator Economy continues to flourish, Triller Group Inc. is poised to lead the way, harnessing powerful trends to create lasting impact and drive significant growth.

    “We are at a pivotal moment in the Creator Economy, and Triller Group is committed to leveraging our innovative platforms to empower creators and unlock new opportunities.” Said Wing Fai Ng, CEO of Triller Group. “Our latest investor presentation outlines our vision and strategy, illustrating how we plan to capitalize on the immense potential that lies ahead. Together, we are not just participating in this growth; we are leading it.”

    Investors, analysts, and stakeholders are encouraged to visit https://trillercorp.com/ir/ to download the investor presentation.

    About Triller Group Inc.        

    Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands.

    Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group’s premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth.

    Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group’s ecosystem, making it easier for users to access the tools they need for financial success.

    Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.trillercorp.com and www.agba.com.

    Investor & Media Relations:

    Bethany Lai
    ir@triller.co

    Breanne Fritcher
    triller@wachsman.com

    Details:
    Company: www.trillercorp.com
    Linkedin: www.linkedin.com/company/triller
    X: @Triller_IR

    # # #

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

    The MIL Network –

  • MIL-OSI: Trillion Energy Announces Payment of Director Fees and Debt Settlements

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, B.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), announces the issuance of an aggregate of 3,516,493 common shares of the Company in settlement of $204,436.07 in debt owed by the Company to directors, officers and consultants (the “Debt Settlement“). Sean Stofer, Trillion’s Interim CEO & Chairman of the Board stated, “I would like to thank the directors and employees who have opted to receive amounts payable to them in Shares. This is a show of confidence in Trillion as we continue to move forward aggressively with plans to recommence drilling and workovers on our projects”.

    In connection with the Debt Settlement, an aggregate of 1,209,413 common shares of the Company were issued for 2024 directors fees and certain management services from directors and an officer of the Company (the “Insider Settlement“).

    The Insider Settlement is considered a “related-party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement based on that the fair market value of such insider participation does not exceed 25% of the Company’s market capitalization.

    About the Company

    Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. More information may be found on www.sedarplus.ca , and our website.

    Contact
    ‎Sean Stofer, Chairman
    Brian Park, VP of Finance
    1-778-819-1585
    E-mail: info@trillionenergy.com
    Website: www.trillionenergy.com

    Cautionary Statement Regarding Forward-Looking Statements

    This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.

    These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedarplus.ca , and or request a copy of our reserves report effective December 31, 2023 and filed on April 25, 2024.

    ‎

    The MIL Network –

  • MIL-OSI: EXL named a Leader in four categories in ISG Provider Lens™ Insurance Digital Services North America Report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, announced it has been named a Leader in four categories in the ISG Provider Lens™ Insurance Services 2024 report. Earning top honors in the North American Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services, and Insurance ITO Services – Midmarket, categories, EXL demonstrated its deep expertise in all aspects of the insurance industry.

    The 2024 report reflects EXL’s sustained excellence as a top performer. This is the third consecutive time that EXL has earned Leader designations for Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services in North America. Meanwhile, this is the first time EXL has earned the Leader designation for Insurance ITO Services – Midmarket.

    “At a time when new technologies and economic fluctuations have disrupted the insurance industry to its very core, our commitment to provide our clients with solutions backed by robust data, powerful analytics and cutting-edge AI has become more valuable than ever,” said Vivek Jetley, president and head of insurance, healthcare and life sciences at EXL. “Being recognized in three categories once more—now with an added Leader designation—reinforces our drive to innovate, push boundaries and deliver unparalleled results for our clients.”

    ISG Provider Lens™ is a practitioner-led service provider comparison, powered by ISG’s advisory experience and data-driven research. ISG’s Research reports provide independent vendor evaluations and enterprise buying behavior segmentation. Provider positioning is based on neutral and independent research, such as quantitative data that includes provider surveys, product testing and customer interviews.

    “EXL has leveraged the power of GenAI to transform the insurance business,” said Ashish Jhajharia, lead analyst and co-author of the ISG Provider Lens™ Insurance Services 2024 report. “As EXL continues to excel at providing essential support to insurance carriers as they embark on a journey toward data-driven digital transformation, they stand poised to thrive in 2025.”

    To read more about the report and to see how EXL compares to its competition, click here. For more information about EXL’s solutions for the insurance industry, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 59,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI: Drones Becoming Smaller, Lighter, More Reliable Allowing Them to Perform Broader Range of Tasks

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Due to the advancements in software and artificial intelligence, the increasing use of drones is making it easier to control and automate them. They play a crucial role in improving farming techniques. Improving productivity, and are used for environmental monitoring, disaster relief, and search & rescue operations. Drones are becoming smaller, lighter, and more reliable, which allows them to perform a broader range of tasks. Their growing popularity stems from benefits such as improved efficiency, cost-effectiveness, and safety. The increase in precision farming needs, aiming to boost crop productivity, drives market growth. Drone OEMs are investing in R&D for thermal cameras, multispectral sensors, and LiDAR, improving drone efficacy in monitoring fields, creating vegetation maps, and detecting issues such as disease and irrigation irregularities. Thus, it drives the market growth during the forecast period. Agricultural drones, flying at a specific altitude with sensors, provide crucial analytical data for controls crop health, treatment, exploration, field soil analysis, and yield assessments, aiding farmers in making informed decisions and reducing time and costs. According to a report from MarketsAndMarkets “Commercial drones can be provided wireless coverage during emergency cases where each drone serves as an aerial wireless base station when the cellular network goes down. They can also be used to supplement the ground base station to provide better coverage and higher data rates for users. Drones can also assist various terrestrial networks, such as device-to-device and vehicular networks. For instance, due to their mobility and LOS Communications, drones can facilitate rapid formation dissemination among ground device. Furthermore, drones can potentially improve the reliability of wireless links in D2D and vehicle-to-vehicle (V2V) communications while exploiting transmit diversity.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), EHang Holdings Limited (NASDAQ: EH), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    MarketsAndMarkets continued: “Flying drones can help broadcast common information to ground devices, thereby reducing interferences in ground networks by decreasing the number of transmissions between devices. Based on operational mode, the commercial drone market has been classified into remotely piloted, optionally piloted, and fully autonomous. The remotely piloted segment is projected to grow at a significant rate during the forecast period, driven by the cost-effective usage of remotely piloted UAVs in several applications ranging from defense operations to surveys. Fully autonomous drones significantly enhance operational efficiency and reduce costs across various end use such as agriculture, transport, logistics & warehousing, and Oil & Gas. Based on function, the Commercial Drone market has been segmented into passenger drones, inspection & monitoring drones, surveying & mapping drones, spraying & seeding drones, cargo air vehicles, and others. Passenger Drone segment is projected to record the highest growth during the forecast period with emergence of drone taxis as convenient means of aerial transportation of passenger at high speed.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to hire a turnkey drone service and drone pilot through a local store for easy subscription-based or pay-as-you-go access to drones for various uses.

    “The IQ Square’s rapid progression from the prototype stage, initiated in 2022, to the manufacturing and assembly stage is a testament to our hardware and engineering team’s dedication and hard work. We see many commercial and government applications for the IQ Square, which we also envision will be central to powering our future DaaS operations as a versatile multifunction drone for multiple outdoor uses requiring line-of-site including fast growth uses like power washing,” said CEO Shaun Passley, Ph.D.

    The IQ Square will be equipped with a power wash system for use in larger-scale cleaning jobs such as stadium seating, building exteriors, and public spaces; drones eliminate the need for scaffolding, lifts, or manual labor by providing a more efficient, safe, and cost-effective solution. Tethered to a ground-based water and a power source, it is designed to maintain a continuous supply of high-pressure water needed to clean large areas without the weight limitations of onboard tanks.

    The mold and drone body frames of the first batch of IQ Square drones are currently being completed, after which they will be assembled, integrated, and tested at the company’s Sharjah, UAE production facility. The Company will oversee the integration and quality inspection of electronics, battery and propulsion systems, software, and sensor installation and calibration, concluding with final flight testing.

    According to QYResearch, the global market for drone cleaning services, including applications such as water hose-tethered power washing for stadium seats and public areas, is projected to reach approximately $53.89 billion by 2030, growing at a CAGR of 19.3%.

    ZenaTech’s Drone as a Service or DaaS business model enables government agencies, building developers, entertainment facilities, farmers, environmental firms, etc. to conveniently access a turnkey drone solution via a local store on a pay-as-you-go or subscription basis rather than having to buy the entire drone hardware and software solution. Like Amazon Web Services, where Amazon owns computer equipment platforms and hires the personnel, with the DaaS model, ZenaDrone owns the drones, hires the pilots and ensures regulatory compliance to enable the cost savings, precision and efficiency of drones over existing legacy methods. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    Draganfly Inc. (NASDAQ: DPRO) recently confirms through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

    “Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies is a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

    EHang Holdings Limited (NASDAQ: EH) recently announced a strategic cooperation framework agreement with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Motors”) and Hefei Guoxian Holdings Co., Ltd. (“Guoxian Holdings”). Under this agreement, cooperation will focus on establishing a joint venture in Hefei to invest in the construction of a state-of-the-art manufacturing base for low-altitude aircraft. The facility will integrate advanced technology, standardization, and automation to produce intelligent and pilotless electric vertical takeoff and landing aircraft (“eVTOL”).

    The strategic cooperation signing ceremony was attended by key officials including Fei Yuan, Standing Committee Member of Hefei Municipal Committee and Vice Mayor of Hefei; Xingchu Xiang, Chairman, and General Manager of JAC Motors; Xingke Yin, Vice General Manager of JAC Motors; Huazhi Hu, Founder, Chairman, and CEO of EHang; and Zhao Wang, Chief Operating Officer of EHang. They were joined by other distinguished guests in witnessing the signing of the strategic cooperation agreement, marking a new milestone in the high-quality development of China’s low-altitude economy ecosystem.

    Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

    Over the coming months, the Blue UAS List and Blue UAS Framework will expand with new additions. The inclusion of the Black Widow and Edge 130 as winners of the Refresh further validates Red Cat’s commitment to delivering NDAA-compliant unmanned systems for defense and government applications.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced its participation in the inaugural XPONENTIAL Europe trade show in Dusseldorf Germany held February 18-20, 2025. AgEagle CEO Bill Irby commented, “Invaluable visibility was achieved at XPONENTIAL Europe as AgEagle further strengthened its leadership role in the worldwide UAS marketplace. Our entire product line was presented to a prominent and influential audience both directly by AgEagle and through our industry-leading partners. Notably, major European defense contractor Rheinmetall, presented AgEagle’s eBee VISION as an integral part of their offering as did Dronivo and MKS Servo. The diverse needs of European nations both commercially and defense-wise were reviewed with high-value insight provided by the congregation which included representatives from NATO. AgEagle remains committed to consistently expanding the capabilities and global footprint of our best-in-class UAS products as we continue to build long-term value for all our stakeholders.”

    XPONENTIAL Europe offered a unique combination of trade fair, live demonstrations and a top-class conference program. Daily keynotes by internationally renowned speakers before the start of the trade fair brought exhibitors and visitors together and provided important impetus for the future of autonomy. The tradeshow is the very first event put on by Messe Dusseldorf in partnership with AUVSI. Various members of the drone customer community were present, such as the German Bundeswehr and the U.S. Army, along with members of the press and industrial community.

    About FN Media Group:

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: TruGolf Engages Eventus Advisory Group, LLC to Provide Financial Services Advisory and CFO Support

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is pleased to announce that it has engaged Eventus Advisory Group, LLC (“Eventus”) (www.EventusAG.com) to provide financial services advisory and CFO support. Eventus has over 17 years’ experience in working with micro- and small-cap companies and will act as a key advisor to TruGolf as it continues to enhance its financial operations and deliver on the company’s strategic priorities.

    Eventus specializes in supporting fast-growing companies and brings a proven track record of helping companies efficiently manage financial operations, technical accounting and SEC compliance issues. This support will help with TruGolf’s transparent communication with shareholders and regulatory bodies.

    “We at Eventus are passionate about working with dynamic, high-growth companies like TruGolf,” said Neil Reithinger, Managing Partner of Eventus. “TruGolf has a strong history of delivering innovative golf simulation solutions and is a recognized leader in the space. We are excited to bring our expertise to support their continued success and financial stability.”

    Chris Jones, CEO of TruGolf, expressed his confidence in the engagement, stating, “We are incredibly grateful to have Eventus on board. Their history of guiding companies like ours through complex financial landscapes supports our exciting path forward.”

    TruGolf is currently working with its Board of Directors to regain compliance with Nasdaq listing requirements. Part of this includes TruGolf’s efforts on working to improve its balance sheet by reducing outstanding liabilities and evaluating other measures to meet Nasdaq’s shareholders’ equity requirements by their March 31, 2025 deadline. The company intends to consider all available alternatives to cure the deficiencies.

    Disclaimer on Forward Looking Statements

    This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the Company’s ability to regain compliance with Nasdaq’s continued listing requirements. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in the Forward Looking Statements and Risk Factors sections of the Company’s S-1 filed with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events.

    About TruGolf, Inc.:

    TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhanced image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since TruGolf’s founding it has redefined what is possible with golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make the game easier to Play, Improve and Enjoy.

    About Eventus: Eventus is a CFO advisory firm that specializes in supporting the office of the CFO for public and private companies, with services ranging from accounting, financial operations, technical reporting, regulatory and SEC compliance, audit and IPO preparation, corporate governance and transaction advisory services. Through these service offerings and the experience of the Eventus team, the firm helps businesses navigate complex financial landscapes so that Eventus’ clients can focus on sustainable growth.

    The MIL Network –

  • MIL-OSI: MovieCoin (MOV) Shaping the Future of Film Investment with Winvest Group

    Source: GlobeNewswire (MIL-OSI)

    RENO, NEVADA, Feb. 27, 2025 (GLOBE NEWSWIRE) — A visionary investment team has launched MovieCoin (MOV), a blockchain-powered financing platform designed to support Winvest Group’s (OTCQB: WNLV) development in movie production and Launchrr aggregation platform. MOV leverages a new financial model to bridge crypto investment with traditional capital markets, fostering long-term growth for investors.

    A New Era of Film & Web3 Investment

    MOV is an independent initiative dedicated to uncovering Winvest Group’s growth potential. Instead of traditional fundraising, the partnership of Winvest Group and MOV introduces a decentralized financing mechanism, allowing crypto community investors to support Winvest Group’s film and content projects.

    How MOV Benefits Stakeholders

    MOV enables investors to participate in the movie production project, token staking, participate in ecosystem activities and DAO decisions. Revenues channel can be derived from box office revenues, streaming rights, and Web3 integrations, ensuring a hybrid investment model that bridges cryptocurrency and traditional stock markets. However, the value of MOV may fluctuate based on market conditions and regulatory factors.

    “MOV provides a new avenue for investors to gain exposure to both blockchain and traditional capital markets,” said Jeffrey Wong, CEO of Winvest. “By supporting Winvest Group, we create a synergy between Web3 innovation and established entertainment industry.”

    Crypto Meets Traditional Finance: The Future of Capital Growth

    MOV is reshaping investment strategies by combining blockchain transparency with the stability of a publicly listed company. This hybrid approach allows investors to participate in MOV’s token economy and long-term financial ecosystem. Winvest Group is exploring blockchain and entertainment partnerships, aiming for a long-term collaboration with MOV Token to deepen resource integration and enhance value for both entities. MOV operates independently and facilitates participation in blockchain token but is not SEC-registered and may be subject to varying regulations.

    Investment & Tokenomics

    MOV Utility: Funding films, staking, DAO

    Investor Perks: Both crypto and traditional investments

    Blockchain Network: Solana

    Website: https://www.movcoin.co/

    Whitepaper: https://movie-coin.gitbook.io/moviecoin-whitepaper

    About Winvest Group

    Winvest Group (OTCQB: WNLV) is pioneering a decentralized, investor-centric entertainment ecosystem with the vision of creating For Lasting Joy. By leveraging Web3, blockchain, and AI, the company redefines film investment and distribution, unlocking value and fostering creativity. Through MovieCoin (MOV), Winvest empowers investors and creators with innovation and transparency. More than financial returns, we strive to build a legacy of joy, creativity, and connection. Join us in shaping the future of entertainment.

    For more information, visit: https://www.winvestgroup.co

    Safe Harbor Disclaimer

    This press release contains forward-looking statements subject to risks and uncertainties. Actual results may vary due to market conditions, regulatory changes, and business execution factors. The company does not guarantee financial performance or investment returns.

    For media inquiries:

    Connie Ting

    Winvest Group Limited

    50 West Liberty Street, Suite 880, Reno NV 89501

    Email: connie.ting@winxglobal.com

    Phone: 775-996-0288

    The MIL Network –

  • MIL-OSI: Helport AI Enhances Knowledge Base with AI-Powered Self-Learning and Multimodal Capabilities

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE and SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software, services, and solutions, today announced significant advancements to its knowledge base. Designed to optimize enterprise knowledge management, the latest updates introduce AI-powered self-learning, multimodal data integration, and enhanced real-time knowledge retrieval capabilities. These improvements are expected to further Helport AI’s mission to empower everyone to work as an expert through intelligent, efficient, and scalable AI solutions. 

    Transforming Enterprise Knowledge with AI 

    Knowledge bases are centralized sources of data, facts, and rules that AI systems use to understand, reason, and make decisions. Helport AI’s expertise in knowledge base creation and utilization is a key part of the Company’s value creation and growth to date. As part of this proprietary process, a unique, company-specific knowledge base is created for each enterprise customer which includes proprietary data, processes, and best practices refined over years of operation. 

    Built on proprietary AI models, Helport AI’s improved knowledge base development process now leverages enhanced self-learning capabilities to automate data curation, enhance accuracy, and streamline enterprise-wide information access. The enhanced system continuously refines its data by integrating real-time updates and contextual insights, reducing manual intervention and improving knowledge retrieval efficiency. 

    Designed for seamless enterprise integration, the knowledge base supports multiple languages and provides real-time, situationally aware insights. Its contextual search engine is built to provide users with precise, relevant responses, reducing time spent on manual searches. It aims to help customer service agents resolve inquiries faster, equip sales teams with the latest product details, and assist decision-makers with up-to-date information. Integrated with Helport AI’s speech navigation and real-time guidance technologies, the knowledge base is expected to enhance productivity and streamline knowledge transfer. 

    “Organizations need knowledge solutions that evolve with them,” said Guanghai Li, CEO of Helport AI. “With these enhancements, our knowledge base doesn’t just store information—it actively learns, adapts, and provides real-time insights to support enterprise operations at scale.” 

    Key Enhancements: 

    • AI-Driven Self-Learning: Proprietary algorithms analyze historical data and user interactions, enabling the knowledge base to refine itself dynamically, improving overall accuracy. 
    • Multimodal Data Integration: Enhanced RAG (Retrieval-Augmented Generation) technology now supports text, audio, and video inputs, achieving over 90% accuracy in multimodal data parsing. 
    • High-Speed Response & Scalability: Optimized query processing delivers AI-powered responses in under 800ms, helping enterprises access critical information with minimal latency. 
    • OpenAPI for Seamless Integration: A full-process API framework supports integration with existing CRM, ASR, and enterprise systems to reduce implementation time. 
    • Enterprise-Grade Security: Advanced encryption, access controls, and compliance adherence help facilitate secure knowledge management at scale. 

    Advancing Business Intelligence & Customer Experience 

    By integrating these new capabilities, Helport AI’s enhanced knowledge base aims to increase customer engagement, improve service efficiency, and enhance decision-making capabilities for businesses across finance, customer service, healthcare, and the public sector.

    “This evolution aligns with our commitment to continuous innovation,” added Li. “By providing enterprises with an AI-driven, intelligent knowledge management solution, we help ensure that businesses stay competitive in an increasingly digital world.” 

    About Helport AI 

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai. 

    Forward-Looking Statements 

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

    Helport AI Investor Relations:
    Website: https://ir.helport.ai/
    Email: ir@helport.ai

    External Investor Relations Contact:
    Chris Tyson 
    Executive Vice President
    MZ North America
    Direct: 949-491-8235
    HPAI@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI: High Wire’s Overwatch Expands Portfolio to Include Critically Needed Professional Services

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., Feb. 27, 2025 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading managed security services provider (MSSP), announces its first professional services client for Cyber Advisory consulting. This marks a significant milestone as the company expands its offerings to provide expert cyber services that complement its robust managed security services portfolio.

    The client, a multi-billion-dollar conglomerate with a diverse range of privately held businesses, is headquartered in the U.S. and has global operations in the transportation, mining, construction, and shipbuilding industries. The client engaged High Wire – Overwatch due to the quality, caliber, and strength of experience the company’s cyber advisors bring to the table.

    The cyber advisory engagement includes a dynamic set of outcomes, including board-level advisory services, risk assessments, strategic planning and execution, compliance consulting, support for mergers and acquisitions, and incident response management.

    As part of the scope of work, the client will receive tailored cybersecurity expertise, ensuring their security posture aligns with industry best practices and regulatory requirements. Additionally, the services will include developing board-level Key Performance Indicators (KPIs), creating a comprehensive risk register, and establishing a robust communication program.

    Ed Vasko, CEO of High Wire – Overwatch, commented: “We are thrilled to announce our first Cyber Advisory consulting engagement with such a distinguished and diverse organization. This collaboration highlights the growing demand for specialized cybersecurity expertise, and we’re excited to provide the high-level advisory support that enables our clients to meet their cybersecurity objectives. Our cyber subject matter experts bring deep experience across various industries, and we’re proud to help this global leader strengthen its security strategy.”

    About High Wire Networks
    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies. The company’s 24/7 Security Operations Center is based in Chicago, Illinois.

    High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. It was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT-managed service providers for 2023 and 2024.

    Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube, or connect on LinkedIn.

    Forward-Looking Statements
    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    Media Contact
    Lori Aleman
    Director of Marketing
    Tel (602) 920-0902
    Email Contact

    The MIL Network –

  • MIL-OSI: Radix Provides a Unique SBA Loan Designed to Protect Small Business Owners from Predatory Lending

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Feb. 27, 2025 (GLOBE NEWSWIRE) — Radix Financial Group, a financial services firm with over $600 million secured in funding for small businesses, today announced the launch of Go SBA Express by Radix, a U.S. Small Business Administration (SBA) loan program designed to support the growth and success small businesses without predatory lending practices that are rampant in the industry.

    Go SBA Express by Radix is a fast-track lending program that matches small business owners with a loan that fits their unique needs in as little as two weeks. The loan program is tailored to help business owners overcome many of the challenges they face accessing capital today, such as high interest rates, high credit score qualifications, and a slow, complex lending landscape crowded with predatory programs. Go SBA Express by Radix offers business owners accessible financing, competitive terms and flexible repayment options with an unmatched SBA lending experience.

    “Our mission at Radix has always been to help small businesses access the capital they need to thrive,” said Abe Treiger, owner and founder of Radix Financial Group. “With Go SBA Express, we are building on our mission and providing even more opportunities for businesses to secure capital when they need it.”

    Key features of Go SBA Express by Radix include:

    • Working capital in two weeks
    • Secure, confidential process
    • Simple, three-step application
    • 10-year term on loans
    • Monthly payments
    • Financing to borrowers with a personal credit score of 660+
    • Lending options for businesses showing significant losses

    Radix Financial Group, a family-owned firm with more than a decade of SBA lending experience and over $600 million in secured funding, will oversee the Go SBA Express loan program. The firm will bring the first-class services and solutions it is known for to small businesses seeking funds.

    “Our team of loan experts is ready to help business owners navigate this complicated environment, so they don’t have to finance their dreams with high-interest loans, cash advances, or predatory tactics,” Treiger said. “There is a need for a solution like this and we are thrilled to bring Go SBA Express to market.”

    For more information about Go SBA Express by Radix, please visit: GoSBAExpress.com

    About Radix Financial Group

    Radix Financial Group is a family-run financial services firm with more than a decade of SBA lending experience and over $600 million in secured funding. Radix has a stellar 4.9-star Google Business rating and a proven record of closing 3,000+ SBA loans in the last 10 years. The company continues to be a trusted leader to small businesses nationwide and maintains its commitment to delivering personalized services that match businesses with loan programs likely to fund their business, avoiding wasted time and high-interest solutions. Learn how Radix and GoSBAExpress help small businesses expand and thrive.

    Media Contact
    Madison Thomas
    CSG for Go SBA Express by Radix Financial
    Radix@wearecsg.com

    The MIL Network –

  • MIL-OSI: SUNation Energy Announces $20 Million Registered Direct Offering Priced at the Market Under Nasdaq Rules

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., Feb. 27, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 17,391,306 shares of the Company’s common stock (or common stock equivalents in lieu thereof) Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock at an effective purchase price of $1.15 per share (or common stock equivalents in lieu thereof) and associated warrants in a registered direct offering priced at-the-market under Nasdaq rules.

    Roth Capital Partners, LLC is acting as the exclusive placement agent for the registered direct offering.

    This registered direct offering will close in two parts. The first closing of the registered direct offering is expected to occur on or about February 27, 2025, subject to the satisfaction of customary closing conditions and the second closing of the registered direct offering is expected to occur upon the satisfaction of customary closing conditions, including receipt of approval by the Company’s stockholders in a specially called stockholder meeting to approve the issuance of the series A common stock warrants, series B common stock warrants and the shares of common stock underlying such warrants, in addition to other matters. The gross proceeds from the Offering are expected to be approximately $20 million before deducting placement agent fees and other offering expenses payable by the Company. This includes proceeds of approximately $15 million from the initial closing for 13,043,480 shares of common stock (or common stock equivalents) and proceeds of up to $5 million from the second closing for 4,347,826 shares of Common Stock (or common stock equivalents), Series A warrants to purchase up to 17,391,306 shares of common stock and for Series B warrants to purchase up to 17,391,306 shares of common stock.

    The Company intends to use the net proceeds from this offering to fund its operations, including for working capital, potential strategic transactions, payment of certain debt obligations and for other general corporate purposes. 

    The Series A warrants will have an exercise price of $1.725 per share subject to standard adjustments for dividends, splits and similar events; a one-time adjustment on the date of issuance (as described in the warrants), subject to a floor price described therein; and also subject to adjustment upon a Dilutive Issuance (as described in the warrants), subject to a floor price described therein. The Series A warrants will be issued at the second closing and will be exercisable immediately after issuance and have a term of exercise equal to 5 years from the date of issuance.

    The Series B warrants will have an exercise price of $2.875 per share subject to standard adjustments for dividends, splits and similar events; a one-time adjustment on the date of issuance (as described in the warrants), subject to a floor price described therein; and also subject to adjustment upon a Dilutive Issuance (as described in the warrants), subject to a floor price described therein. The Series B warrants will be issued at the second closing and will be exercisable immediately after issuance and have a term of exercise equal to 5 years from the date of issuance. The Series B warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 3 shares of common stock.

    The securities in the offering described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267066) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on September 2, 2022. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, relating to the offering that will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660, by email at rothecm@roth.com.

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

    About SUNation Energy, Inc.

    SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

    Forward Looking Statements 

    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

    Safe Harbor Statement

    Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

    Contacts:

    Scott Maskin
    Chief Executive Officer
    +1 (631) 823-7131
    smaskin@sunation.com

    SUNation Energy Investor Relations
    +1 (212) 836-9600
    IR@sunation.com

    The MIL Network –

  • MIL-OSI: Prairie Provident Announces Spud of Basal Quartz Horizontal Well

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company’s third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in the fourth quarter of 2024.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta.

    For further information, please contact:

    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email:  info@ppr.ca

    Forward-Looking Information

    This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “seek”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes or events or statements regarding an outlook.

    Without limiting the foregoing, this news release contains forward-looking statements pertaining to: the anticipated drilling time of the Company’s Basal Quartz well and the well being successfully fractured and brought on-stream.

    Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized. Actual results or events will differ, and the differences may be material and adverse to the Company. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities; consistency with past operations; the quality of the reservoirs in which Prairie Provident operates and continued performance from existing wells (including with respect to production profile, decline rate and product type mix); the continued and timely development of infrastructure in areas of new production; the accuracy of the estimates of Prairie Provident’s reserves volumes; future commodity prices; future operating and other costs; future USD/CAD exchange rates; future interest rates; continued availability of external financing and internally generated cash flow to fund Prairie Provident’s current and future plans and expenditures, with external financing on acceptable terms; the impact of competition; the general stability of the economic and political environment in which Prairie Provident operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Prairie Provident to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Prairie Provident has an interest in to operate the field in a safe, efficient and effective manner; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Prairie Provident to secure adequate product transportation; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Prairie Provident operates; and the ability of Prairie Provident to successfully market its oil and natural gas production.

    The forward-looking statements included in this news release are not guarantees of future performance or promises of future outcomes and should not be relied upon. Such statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward- looking statements including, without limitation: reduced access to external debt financing; higher interest costs or other restrictive terms of debt financing; changes in realized commodity prices; changes in the demand for or supply of Prairie Provident’s products; the early stage of development of some of the evaluated areas and zones; the potential for variation in the quality of the geologic formations targeted by Prairie Provident’s operations; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; the imposition of any tariffs or other restrictive trade measures or countermeasures affecting trade between Canada and the United States; changes in development plans of Prairie Provident or by third party operators; increased debt levels or debt service requirements; inaccurate estimation of Prairie Provident’s oil and reserves volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and such other risks as may be detailed from time-to-time in Prairie Provident’s public disclosure documents (including, without limitation, those risks identified in this news release and Prairie Provident’s current Annual Information Form dated April 1, 2024 as filed with Canadian securities regulators and available from the SEDAR+ website (www.sedarplus.ca) under Prairie Provident’s issuer profile).

    The forward-looking statements contained in this news release speak only as of the date of this news release, and Prairie Provident assumes no obligation to publicly update or revise them to reflect new events or circumstances, or otherwise, except as may be required pursuant to applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: Allied Energy Corporation Outlook: Strong Growth and Strategic Developments

    Source: GlobeNewswire (MIL-OSI)

    Key Points:

    Expansion & Optimization of Production Capacity

    • Thiel Site Expansion: Increasing power generation capacity to 3.5 MW by Q3 2025, leveraging Texas’ competitive electricity rates (8.73¢ per kWh) for enhanced profitability.
    • Gilmer Lease Enhancements: Upgrading 116 pump jacks to smaller, energy-efficient units, reducing costs and unlocking production potential from Caddo & Strawn formations.
    • SWD & Natural Gas Expansion: Advancing new Saltwater Disposal (SWD) lease negotiations and actively exploring natural gas reserves for long-term sustainability.

    Strategic Partnerships & Portfolio Growth

    • Green Lease Collaboration: Working with Petroloro, LLC and ORO Energy, LLC, with key strategic plans expected by Q2 2025.
    • Enerhash & Sloan Project: Overcoming 2024 operational delays, with anticipated returns in Q2 2025.
    • Prometheus Development: Strengthening ties with Miller ESP to support drilling and operational advancements.

    Strategic Realignments & Focus on High-Value Ventures

    • Exit from Energix Partnership: Decision driven by missed milestones, allowing a shift toward more lucrative opportunities.
    • Diversified Growth Strategy: Ensuring a robust energy portfolio through operational efficiency, resource expansion, and financial discipline.

    CARROLLTON, Texas, Feb. 27, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) is excited to announce significant strides in our ongoing projects and production capacity expansion, reinforcing our optimistic outlook for the company’s future. With the momentum of these developments, the company is well-positioned for substantial growth in the coming months.

    Production Buildout at Thiel Site: A Game-Changer for Capacity Growth

    At our Thiel site, we are making significant strides in expanding operational capacity by constructing and installing two 1.25 MW generators. The new production pad has already been successfully laid, and noise abatement testing is scheduled shortly.

    Once the first two generators are running at full capacity, we plan to add a third unit, increasing the site’s total capacity to an impressive 3 to 3.5 MW by the end of Q3 2025. This expansion strategically positions Allied Energy to capitalize on Texas’ booming energy sector, where industrial power consumption is projected to grow significantly in the coming years.

    Market Potential & Financial Impact

    • Dominance in Energy Production: Texas leads the nation in energy production, contributing significantly to U.S. crude oil and natural gas outputs. source: eia.gov
    • Competitive Electricity Rates: With commercial electricity rates in Texas averaging 8.73¢ per kWh, our scalable operations can take advantage of low-cost power, maximizing margins. source: chooseenergy.com
    • Projected Revenue Growth: At full capacity (approximately 3.5 MW), the Thiel site could generate significant revenues, depending on operational efficiency and market conditions.

    “By strengthening our infrastructure now, we are ensuring long-term scalability, improved financial performance, and the ability to compete with industry leaders in power generation and energy solutions. The Thiel is a key site in our portfolio, and we are very pleased with the progress. We expect to see strong returns from these investments, and the addition of the third genset will significantly enhance our operational capabilities,” said George Monteith, CEO of Allied Energy Corporation.

    Strategic Development at Gilmer Lease

    At our Gilmer lease, Allied Energy continues to optimize operations with the replacement of 116 pump jacks with smaller, more efficient units. We have also placed a packer in the well to cut off Mississippi water, enabling production from the Caddo and possibly the Strawn formations. One well is currently being converted, and depending on its performance, we plan to convert two additional wells in Q3 and Q4.

    Strategic Development at Gilmer Lease: Enhancing Efficiency & Maximizing Production

    At our Gilmer lease, Allied Energy continues to optimize operations by replacing 116 pump jacks with smaller, more efficient units. This upgrade reduces maintenance costs, energy consumption, and mechanical failures, ensuring greater long-term operational efficiency.

    Additionally, we have strategically placed a packer in the well to cut off Mississippi water intrusion, allowing uninterrupted production from the Caddo formation and potentially unlocking reserves from the Strawn formation. Currently, one well is undergoing conversion, and based on its performance, we plan to convert two additional wells in Q3 and Q4.

    Advantages of These Operational Activities

    • Improved Efficiency & Cost Reduction: Smaller, modern pump jacks consume up to 30% less energy than traditional units, lowering operating costs while maintaining steady production. (source: API)
    • Maximizing Reserve Potential: Unlocking secondary formations like Strawn could increase overall recoverable reserves, extending the well’s productive lifespan.
    • Environmental & Regulatory Benefits: Optimizing operations aligns with state and federal efficiency standards, reducing environmental impact and ensuring compliance with industry best practices. (source: EIA)

    “These strategic enhancements position Allied Energy for sustained growth, ensuring higher production efficiency, lower costs, and maximized asset value. We’re committed to ensuring that each well reaches its full potential. Our team is working diligently to implement improvements that will help us achieve optimal production from these properties,” said Monteith.

    Green Lease: Collaborating for Future Developments

    Allied Energy is in ongoing discussions with partners Petroloro, LLC and ORO Energy, LLC to determine future developments at our Green Lease. We are currently awaiting an outline of activities from ORO Energy, LLC and plan to finalize our strategic plans for this lease in Q2 2025. These discussions represent an exciting avenue for growth and diversification of our portfolio.

    Prometheus: Focused on Future SWD Development

    We are actively negotiating a new SWD lease and exploring potential new locations for drilling. In addition, our partnership with Miller ESP is evolving as we assess future development opportunities. We remain focused on ensuring long-term sustainability and profitability through strategic planning in the SWD space.

    Ongoing Research and Natural Gas Expansion

    Our research into future natural gas resources and the identification of expansion opportunities continues to move forward. We are exploring new locations to broaden our operations and strengthen our presence in areas that complement our existing project sites. These initiatives will further enhance Allied Energy’s ability to meet growing demand while maximizing shareholder value.

    Enerhash and Sloan Project: Continues to evolve in 2025

    Our successful stewardship of the Enerhash and Sloan projects will continue to pay dividends through 2025. However, we were advised in November 2024 that operational issues have caused delays in their scheduled payment. Despite this, Allied Energy anticipates returns from this venture in Q2 of 2025.

    Strategic Decision: Parting Ways with Energix for the Time Being

    After careful consideration, Allied Energy has made the strategic decision to cut ties with Energix for the time being due to missed critical, time-sensitive milestones. As more lucrative opportunities have emerged, we believe it is in the best interest of the company to focus our resources on these ventures. However, we remain open to the possibility of reigniting a relationship with Energix in the future should the opportunity align with our long-term goals.

    “We are constantly seeking the best opportunities to maximize value for our shareholders. While we have decided to part ways with Energix for now, we look forward to exploring future collaborations when the time is right,” said Monteith.

    Allied Energy Corporation is well-positioned for growth in 2025 and beyond, with a clear focus on increasing capacity, enhancing production, and making strategic partnerships. We remain committed to delivering value to our shareholders and continuing to build a diversified and robust energy portfolio.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    Safe Harbor Statement:

    This press release may contain certain forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    Twitter: https://twitter.com/AlliedEnergyCo1

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2612d1fd-1f10-4e95-91f3-d9fa7cca0e78

    The MIL Network –

  • MIL-OSI: HashPower Secures Up To $50M Investment MOU in Consensus HK

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 27, 2025 (GLOBE NEWSWIRE) — HashPower is excited to announce the signing of a Memorandum of Understanding (MOU) securing up to $50 million in investment for $HPX During a Successful AI & DePIN Powerhouse Event in Consensus HK by HashPower and DePIN X, marking a significant step toward the expansion of AI, DePIN, and decentralized infrastructure innovation.

    This announcement follows the resounding success of AI & DePIN Powerhouse, a premier Web3 event that gathered over 2,000 attendees, including top founders, investors, and industry experts. The event featured thought-provoking panels, networking opportunities, and insightful keynotes, and a firechat with Invest HK on the future of decentralized AI and infrastructure.

    This strategic MOU established with Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix, aims to foster ecosystem growth, technological advancements, and industry-wide collaboration. Through targeted investments, resource sharing, and joint research initiatives, this partnership will drive sustainable development across AI-powered decentralized infrastructure.

    A Huge Thank You to Our Sponsors and partners
    The success of AI & DePIN Powerhouse would not have been possible without the generous support of our Diamond sponsors and partners: Gaianet、DMC.AI、Wearfit、BIT、Likwid.fi、IO.net，IoTeX，Filecoin，elizaOS，Amber Group，Fenbushi Capital，Nubila，Cyberport，FBG capital. This elite gathering discussed the new cycle of crypto mining, AI, DePIN (decentralized hardware infrastructure) and RWA (real assets on the chain)

    Network3: Network3 is a revolutionary technology that builds a decentralized Edge AI infrastructure, helping AI developers worldwide inference, train, or validate models quickly, conveniently, and efficiently. Network3 has surpassed 630K+ global active nodes, onlined 9,500+ mining machines, raised $5.5M in pre-seed and seed rounds, and $N3 was listed on Bybit, Gate, and BingX on January 22, 2025

    Autonomys: Autonomys is a verticalized decentralized AI (deAI) stack encompassing high-throughput permanent distributed storage, data availability / access layer, scalable distributed compute, and a modular execution layer. Our deAI ecosystem provides all the essential components to build and deploy super dApps (AI-powered dApps) and on-chain agents, equipping them with advanced AI capabilities for dynamic and autonomous functionality.

    About HashPower
    HashPower is revolutionizing the mining industry by bringing traditional operations on-chain. With a globally distributed infrastructure and a commitment to transparency, HashPower makes mining accessible and rewarding for everyone. Learn more at https://www.hashpowerx.com/.

    About DePIN X
    DePINX is a leading mining operator and investment institution in the field of AI and DePIN, with 7 years of rich experience in DePIN mining. The company manages a $50 million mining fund and operates H100 and H200 GPU clusters worth more than $100 million. We maintain in-depth cooperation with top venture capital institutions and mainstream exchanges such as Hashkey, Fenbushi Capital, and Waterdrip Capital, and jointly launched the “Super Node Program”. DePINX is committed to providing comprehensive mining design, technical support and one-stop solutions for AI and DePIN projects, helping projects grow rapidly and promoting long-term sustainable development and ecological win-win. Please follow us on Twitter for the latest updates: https://x.com/depin_x

    HashPower
    Brian
    brian.lam@hashpowerx.com

    DePINX
    Cindy
    cindyyu@depinxcapital.com

    Disclaimer: This press release is provided by HashPower. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4f54d9-e188-4dd1-bb2e-2e77068c75c2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/54ffa0e8-32f6-4049-9e80-a3954cf4aa9d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/03bcda0b-bb49-4acf-b6f0-a4bf9d87f066

    The MIL Network –

  • MIL-OSI: OMS Energy Technologies Inc. Announces Launch of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 27, 2025 (GLOBE NEWSWIRE) — OMS Energy Technologies Inc. (“OMS” or the “Company”), a growth-oriented manufacturer of surface wellhead systems and oil country tubular goods for the oil and gas industry, today announced that it has launched its proposed initial public offering of 5,555,556 of its ordinary shares. The underwriter will have a 45-day option to purchase up to an additional 833,333 ordinary shares from OMS at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $8.00 and $10.00 per ordinary share. The shares are subject to approval for listing on the Nasdaq Capital Market under the proposed ticker symbol “OMSE.”

    Roth Capital Partners is acting as the sole manager for the offering.

    The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from: Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147, email at rothecm@roth.com.

    When available, to obtain a copy of the prospectus free of charge, visit the Securities and Exchange Commission’s (“SEC”) website, www.sec.gov, and search under the registrant’s name, “OMS Energy Technologies Inc.” The initial public offering is subject to market and other conditions, and there can be no assurance as to whether or when it may be completed.

    A registration statement relating to the offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About OMS Energy Technologies Inc.

    OMS Energy Technologies Inc. is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.

    Cautionary Note About Forward-Looking Statements

    The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the initial public offering. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” as well as the negative of these terms and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

    Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in OMS’s prospectus filed with the SEC in connection with the proposed initial public offering. OMS undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

    For investor and media inquiries, please contact:

    OMS Energy Technologies Inc.
    Investor Relations
    Email: ir@omsos.com

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    Email: oms@thepiacentegroup.com

    Hui Fan
    Tel: +86-10-6508-0677
    Email: oms@thepiacentegroup.com

    The MIL Network –

  • MIL-OSI: Infinidat’s James “JT” Lewis Recognized As a 2025 CRN® Channel Leader for EMEA and APAC

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that CRN®, a brand of The Channel Company, has named James “JT” Lewis, Infinidat’s Director of Channel Sales for EMEA and APJ, and Regional Sales Director for DACH and France, a 2025 CRN® Channel Leader for EMEA and APAC. This is the second consecutive year that JT Lewis is recognized by CRN as a regional Channel Leader.

    This CRN Channel Leaders list recognizes IT vendor and distribution executives who lead channel strategies for their organizations and drive innovations across channel initiatives in EMEA and APAC. The annual list honors channel leaders who are dedicated to building and evolving strategies that drive success for their channel partners and customers. As a highly respected Infinidat channel sales leader, Lewis strategically sets the channel agenda across the regions.

    “At Infinidat, we empower our channel partners to find and capitalize on new sales opportunities in the enterprise market. A focus on pursuing new customer accounts, embracing the use cases where we excel, and leveraging Infinidat’s award-winning differentiation is key to the growth of our partners’ businesses,” said JT Lewis, who provides channel sales leadership for both EMEA and APJ. “Not only is Infinidat’s Partner Program comprehensive, compelling and competitive, but we hold ourselves to the highest standard to provide unmatched white glove support to our partners. We make it easy to do business with Infinidat, and I predict our partners will increase their revenues in 2025 when they share this focus with us as a trusted partner.”

    Lewis is responsible for all of Infinidat’s sales activities through the channel, leading the way for further strategic growth in both EMEA and APJ. His role was expanded in July 2024 with a promotion because of his success in the channel. In his role as Channel Director, EMEA and APJ, he has been instrumental in successfully growing Infinidat’s business in these regions and increasing channel engagement, building a strong ecosystem of dedicated channel partners. Lewis drove new enhancements to the company’s Partner Program for EMEA and APJ in 2024 to augment the experience that channel partners have with Infinidat. Enhancements included new tiering levels for partners, an enhanced deal registration process, new backend rebates, and redesigned criteria for MDF.

    Lewis, who joined Infinidat in 2022 to head up channel sales for the company in EMEA and APJ, has extensive channel expertise and experience. Prior to Infinidat, he worked for Data Interchange as head of channel sales and was the strategy and growth officer for Altdata Technology Solutions, focusing on the cybersecurity market. He spent 15 years at EMC and RSA, based in London and Frankfurt, where he built up comprehensive experience in the recruitment, enablement, and leadership of channel partners and distributors.

    “The leaders we honor this year reimagine what’s possible in the channel and consistently deliver best-in-class programs that drive results for solution providers across EMEA,” said Victoria Pavlova, Editor, CRN UK, at The Channel Company. “Their ability to forge meaningful partnerships and craft dynamic strategies is transformative for providers and the channel. It’s a privilege to recognize their groundbreaking contributions and celebrate their role in shaping the future of the channel.”

    Recognized for the positive difference that he has made for channel partners since joining Infinidat, Lewis was one of CRN’s Regional Channel Chiefs last year when CRN UK launched their inaugural Regional Channel Chiefs list, which covers EMEA and APAC channel leaders. The 2025 accolade for Lewis expands recognition of him in APAC as well.

    CRN’s 2025 Channel Leaders list is available at CRN UK.

    About The Channel Company
    The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.

    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, as recognized by Gartner® Peer Insights reviews. For more information, visit www.infinidat.com.

    Connect with Infinidat
    About Infinidat
    Read our blog
    Follow us on X
    Join us on LinkedIn
    Visit us on Facebook
    See us on YouTube
    Be our partner

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

    The MIL Network –

  • MIL-OSI: Zscaler to Present at Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that management is scheduled to present at upcoming investor conferences. Details for each event are as follows:

    Morgan Stanley Technology, Media and Telecom Conference in San Francisco
    Thursday, March 6, 2025
    10:00 a.m. PST (1:00 p.m. EST)

    Susquehanna Travel, Tech + Gambling Forum (Virtual)
    Friday, March 7, 2025
    1×1 Investor Meetings

    Loop Capital Markets 2025 Investor Conference (Virtual)
    Monday, March 10, 2025
    1×1 Investor Meetings

    Stifel Technology 2025 Technology One-on-One Conference in New York City
    Tuesday, March 11, 2025
    1×1 Investor Meetings

    Cantor Global Technology Conference in New York City
    Wednesday, March 12, 2025
    1×1 Investor Meetings

    Sessions which offer a webcast will be available on the “Events & Presentations” section of the Zscaler Investor Relations website at https://ir.zscaler.com.

    About Zscaler

    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.

    Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

    Media Relations Contact:
    Natalia Wodecki
    press@zscaler.com

    Investor Relations Contact:
    Ashwin Kesireddy
    ir@zscaler.com

    The MIL Network –

  • MIL-OSI: Fusion Fuel Appoints Luisa Ingargiola to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Feb. 27, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of gas and hydrogen energy solutions, today announced the appointment of Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ms. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who will remain a member of the Board. She will also serve as a member of the Nominating Committee, Audit Committee, and Compensation Committee. Following Ms. Ingargiola’s appointment, the Board will be comprised of six directors, four of whom have been determined by the Board to be “independent directors” under the Nasdaq Listing Rules.

    Commenting on the appointment, Jeffrey Schwarz, Chairman of Fusion Fuel, said, “Luisa’s extensive experience in public company governance, capital markets, and financial oversight, coupled with her track record of supporting high-growth companies through complex strategic and financial initiatives, make her a tremendous asset to Fusion Fuel. Her expertise will be invaluable as we continue to execute our business strategy and drive long-term value creation. On behalf of my fellow directors, I want to welcome Luisa and look forward to benefiting from her insight and leadership as we build the new Fusion Fuel and position the company for sustainable growth.”

    Ms. Ingargiola currently serves as Chief Financial Officer of Avalon GloboCare Corp. (Nasdaq: ALBT) and as a board director for Vision Marine Technologies, Inc. (Nasdaq: VMAR) and BioCorRx Inc. (OTCQB: BICX), where she also chairs the Audit Committees. Earlier in her career, Ms. Ingargiola was CFO and co-founder of BBHC, Inc., formerly known as MagneGas Corporation. Ms. Ingargiola graduated from Boston University with a bachelor’s degree in Business Administration and a concentration in Finance. She also received a Master of Health Administration from the University of South Florida.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (Nasdaq: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al-Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

    Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact
    ir@fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: Attestiv Video Deepfake Detection Adds Context Analysis, Using AI to Further Uncover Deepfake Threats

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — Emerging technologies like artificial intelligence can significantly improve business efficiency. At the same time, AI makes generating deepfakes to commit fraud and support crime easier. AI-generated deepfakes are increasingly used to cheat consumers and businesses, costing more than $12 billion in 2023 and expected to rise to $40 billion in losses by 2027. To help organizations combat deepfakes, Attestiv has upgraded its video deepfake detection platform with new Context Analysis capabilities so anyone can identify deepfake video threats before they lead to losses or harm.

    Attestiv has added new Context Analysis features to Attestiv Video deepfake detection, using generative AI to identify digitally altered video content and uncover potential malicious deepfake scams. The new features examine a video file’s context, including metadata, descriptions, and transcript to detect signs of modifications that indicate deepfakes or malicious content.

    The threat landscape for AI-powered deepfakes continues to expand, rising 700% in 2023. Cybercriminals use generative AI to create fictitious social media posts for social engineering, spear phishing, and confidence and investment fraud. Cybercriminals are increasingly targeting businesses, creating phony celebrity endorsements or deepfake content to impersonate company executives, law enforcement, and authority figures to commit fraud. The new Context Analysis in Attestiv Video helps quickly assess the validity of any video, providing a summary of authenticity at a glance.

    “Attestiv represents a valuable tool in our arsenal to detect manipulated videos, particularly those created or edited using generative AI” said Steven Kline, founder of Pixel Analysis LLC a digital media forensics company based in Connecticut.

    “As the deepfake threat landscape expands, we continue to level the playing field with new capabilities to defend against deepfakes,” said Nicos Vekiarides, CEO of Attestiv. “Our new Context Analysis adds generative AI technology to better uncover deepfakes. We believe everyone should have access to tools to protect themselves from deepfakes, so we offer Attestiv Video with Context Analysis for consumers and businesses, starting at no cost.”

    Attestiv Video Deepfake Detection is available as a free, entry-level solution, enabling free scans of up to five videos per month. Those who need more scans and faster scan times can upgrade to Attestiv’s premium Video with enhanced scan fidelity, advanced analysis settings, and higher scan queue priority. Businesses likewise can upgrade to business or enterprise plans which offer even more features and dedicated or regional deployments that include APIs.

    For more information, visit. www.attestiv.com.

    About Attestiv

    Attestiv offers the industry’s first cloud-scale fraud protection platform for videos, photos, and documents, serving the insurance, financial services, cybersecurity, news, and media sectors. Utilizing patented AI analysis and tamper-proofing technology, Attestiv enables protection against media tampering, alteration, and generative AI, ensuring the highest standards of trust for your business. For more information, please visit https://attestiv.com.

    Media contact:

    Len Fernandes
    Firecracker PR
    len@firecrackerpr.com
    1-888-317-4687

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/53e529ec-0ec2-4e16-a0a1-db99ca43015a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/517dcfee-7c50-4589-b4ed-3f73b3e5267a

    The MIL Network –

  • MIL-OSI: Lingokids Introduces “Theater” Mode: A Safe, Ad-Free Video Experience for Kids

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Lingokids, the #1 learning app for kids, has introduced a new feature, Theater, in selected markets. This dedicated space within the app offers a curated, ad-free video experience designed to provide children with high-quality educational and entertaining content.

    Previously known as Video Mode, this new Mode of Use “Theater” is now completely available for all users in Canada, Australia, Singapore, and Colombia, where families can explore a library of engaging videos tailored to support early learning and development.

    A Safe and Educational Alternative to Streaming Platforms

    Lingokids Theater is designed as a safe and controlled environment where young learners can access age-appropriate content created by educators. The feature includes:

    • Animated stories, songs, and puppetry that introduce key early learning concepts in a fun and engaging way.
    • Activity-based videos such as drawing, dance, yoga, and interactive storytelling that encourage creativity and self-expression.
    • Educational video series developed to reinforce cognitive, social, and emotional skills.

    Unlike traditional streaming platforms, Lingokids Theater ensures a 100% ad-free experience, prioritizing a safe and educational space that aligns with parents’ expectations for quality screen time.

    “Our goal is to offer families a dedicated space where children can enjoy enriching, educational content in a safe and engaging way,” said Rhona Anne Dick, Education & Child Development Lead at Lingokids. “Theater is designed to complement our Playlearning™ approach, giving young learners access to a variety of carefully selected videos that entertain while reinforcing important skills.”

    Currently, Theater is available only in these selected test markets within the Lingokids app. Further updates regarding its availability in other regions will be announced in the future.

    About Lingokids

    Lingokids is an innovative educational platform committed to reimagining early learning. By integrating traditional education with essential life skills, Lingokids’ Playlearning™ approach places children at the heart of an expansive educational ecosystem. Through +2,000 interactive activities across various media formats, the app empowers children to navigate topics such as engineering, empathy, literacy, and resilience. Lingokids is dedicated to preparing children for a well-rounded future that balances academic excellence with personal growth.

    For more information about Lingokids and its educational offerings, visit www.lingokids.com and follow us on social media @Lingokids.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d336fb6b-8c74-4e04-a691-31e7b2c5019a

    The MIL Network –

  • MIL-OSI: Sezzle Reaches Significant Milestones as Canada’s Favourite Buy Now, Pay Later App

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // – Sezzle, the leading “Buy Now, Pay Later” (BNPL) solution in Canada, is proud to announce a series of significant milestones that highlight its continued growth and success. With 1.5 million Canadian users, Sezzle continues to cement its position as the highest-rated and most-reviewed BNPL app on the Canadian App Store. The platform is approaching 5 million total orders and has surpassed 50,000 Sezzle Up users—individuals working to improve their financial wellness through opt-in credit reporting.

    New partnerships with retailers such as Manitobah, Allbirds Canada, Tristan, Clément, and Atlas Tools & Machinery have further fueled Sezzle’s rapid expansion. By offering flexible payment options at these popular retailers, Sezzle is helping Canadian shoppers enjoy a more seamless and rewarding experience.

    “Finding new shoppers with Sezzle has been a significant win for us,” said Mike Wodtke, Chief Marketing Officer at Manitobah. “From an easy implementation process to marketing partnerships that have broadened our brand reach, Sezzle has been with us every step of the way. Since adding Sezzle, 65% of Sezzle transactions were brand new customers to Manitobah, and we’ve seen a 20% increase in Average Order Value (AOV).”

    These recent partnership launches underscore Sezzle’s continued growth in the Canadian market and its dedication to providing flexible and innovative financial solutions. Key achievements include:

    • 1.5 million all-time user sign-ups in Canada
    • Becoming the highest-rated and most-reviewed BNPL app on the Canadian App Store
    • Approaching 5 million total orders
    • Surpassing 50,000 Sezzle Up users, a program giving users the opportunity to build credit history through credit reporting

    This momentum represents a significant milestone in Sezzle’s growth and reinforces its role as a leader in flexible payment solutions for Canadian consumers. “Collaborating with well-known, trusted brands has been central to our strategy as we continue expanding our reach and delivering innovative financial tools,” said Patrick Chan, Sezzle Canada GM. “As we surpass 1.5 million user sign-ups and approach 5 million total orders, we’re more committed than ever to driving growth, empowering consumers, and providing Canadians with the best BNPL experience.”

    As Sezzle Canada continues to expand, it remains dedicated to empowering consumers and delivering outstanding shopping experiences for both consumers and retailers alike.

    Download the Sezzle App on the Apple App Store and Google Play Store, and explore Sezzle’s wide selection of Canadian merchants here.

    About Sezzle Inc.

    Sezzle is a forward-thinking fintech company committed to financially empowering the next generation. Through its purpose-driven payment platform, Sezzle enhances consumers’ purchasing power by offering interest-free installment plans, both online and in-store. With a focus on transparency, inclusivity, and ease of use, Sezzle provides consumers with the tools to manage their spending responsibly, take control of their finances, and achieve lasting financial independence.

    For additional assets and news on Sezzle please visit https://my.sezzle.com/news/  

    Follow Sezzle on social media: LinkedIn | Instagram | Facebook| Twitter

    Sezzle Media Contact:

    Erin Foran

    Tel: (651) 403-2184

    Email: erin.foran@sezzle.com

    The MIL Network –

  • MIL-OSI: authID to Report Fourth Quarter and Full Year 2024 Financial Results on March 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 27, 2025 (GLOBE NEWSWIRE) — authID® (Nasdaq: AUID) (“authID”), a leading provider of biometric identity verification and authentication solutions, today announced the Company will report financial results for the fourth quarter and full year ended December 31, 2024 on Thursday, March 13, 2025 after the market close. Following issuance of the earnings release, authID Chief Executive Officer, Rhon Daguro and Chief Financial Officer, Ed Sellitto will host a webcast at 5:00 p.m. EDT to discuss the financial results and provide a corporate update.

    To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time. A live webcast of the call will be available on the “Events & Presentations” page of the Company’s website at investors.authid.ai. Only participants on the live conference call will be able to ask questions.

    A replay of the event and a copy of the presentation will also be available for 90 days at authID’s Investor Relations Events.

    About authID Inc.

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

    Investor Relations Contact

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

    The MIL Network –

  • MIL-OSI: Coralogix Strengthens AI Leadership with Appointments of Liran Hason to VP of AI and Alon Gubkin to VP of AI Engineering

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, Feb. 27, 2025 (GLOBE NEWSWIRE) — Coralogix, the leading full-stack observability platform, today announced the appointment of Liran Hason to Vice President of AI and Alon Gubkin to Vice President of AI Engineering. These strategic hires reinforce Coralogix’s commitment to advancing AI observability, security, and governance, ensuring businesses can confidently monitor and manage AI systems at scale.

    Hason and Gubkin, both co-founders of Aporia, an advanced AI observability and guardrails platform recently acquired by Coralogix, bring extensive expertise in AI monitoring, safety, and large-scale infrastructure. Their leadership will be instrumental in launching Coralogix AI, a new dedicated research center focused on tackling AI transparency, security, safety, and performance optimization.

    Advancing AI Observability and Governance

    As VP of AI, Hason will lead Coralogix’s AI strategy and execution, focusing on the development of advanced AI solutions and safety initiatives. Previously CEO of Aporia, Hason spearheaded the company’s rise as a leader in AI observability and guardrails, earning recognition as a World Economic Forum Technology Pioneer and securing a spot on TIME’s Best Inventions of 2024. His prior experience includes roles as a machine learning architect at Adallom (acquired by Microsoft) and investor at Vertex Ventures.

    “Coralogix is redefining AI observability at a critical moment,” said Hason. “With the rapid adoption of AI, businesses need real-time insights, transparency, and control. I’m excited to drive innovation that empowers enterprises to use AI with confidence.”

    As VP of AI Engineering, Gubkin will lead AI infrastructure and engineering, focusing on building scalable and resilient AI observability solutions. A distributed systems and AI infrastructure expert, Gubkin was instrumental in Aporia’s development, pioneering real-time monitoring and guardrails for AI models.

    “AI systems are evolving rapidly, and observability is the key to ensuring their reliability,” said Gubkin. “At Coralogix, we’re building the next generation of AI monitoring tools, helping enterprises scale AI without compromising on security or performance.”

    Ariel Assaraf, CEO and co-founder of Coralogix said “We’re thrilled to welcome Liran Hason and Alon Gubkin to the Coralogix team at such a pivotal moment in our journey. Their contributions will be essential as we expand our solutions to provide businesses with the tools to optimize and secure their AI systems with confidence. With Liran and Alon on our team, Coralogix is well-positioned to revolutionize how companies monitor, manage, and secure AI systems at scale.”

    For more information about Coralogix and its observability platform, please visit coralogix.com.

    About Coralogix

    Coralogix is a modern observability platform transforming how businesses process and understand their data. Its unique architecture powers in-stream analysis and alerting without reliance on indexing or hot storage. Covering the entire range of observability, Coralogix offers features such as APM, RUM, SIEM, Infrastructure. Monitoring, and more, all streamlined for quick integration and immediate value. Coralogix stands out for its simple pricing model, based solely on data volume ingested. With world-class, free support, all customers enjoy response times of less than 30 seconds and resolution times within 1 hour. Learn more at www.coralogix.com.

    Contact:
    Sophia Meyer
    Fusion PR
    sophia.meyer@fusionpr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b961436-1494-4450-abca-c9a0b8f2ebf7

    The MIL Network –