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Category: GlobeNewswire

  • MIL-OSI: Defense Trade Solutions Simplifies Export Compliance with Descartes Solution

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 25, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Defense Trade Solutions (DTS), a leading provider of export compliance and global trade services for the defense industry, is using the Descartes GlobalEASE solution to streamline and automate export compliance requirements for its clients. This furthers DTS’ mission to simplify and enable access to responsible and effective trade across the defense industry. DTS is using Descartes GlobalEASE with its managed services clients, helping them to realize reduced compliance costs and greater confidence in meeting global regulatory requirements, such as International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR).

    “This marks a major step forward in our commitment to streamlining export compliance for the U.S. defense industry,” said Steven A. Casazza, President of DTS. “By integrating Descartes GlobalEASE into our managed service delivery model, we are providing defense contractors with cutting-edge automation to navigate the complexities of ITAR and EAR with greater speed and accuracy. This technology enhances compliance workflows, accelerates export approvals, and helps minimize risk—so that our clients can focus on delivering critical defense solutions to U.S. allies without delays.”

    Used by blue-chip, multinational organizations around the world to stay current in an increasingly complex regulatory environment, Descartes GlobalEASE is a web-based, centralized global trade management platform that helps manage end-to-end trade compliance—from complex licensing and documentation requirements to OFAC and EAR regulations—and provides the necessary visibility and governance to help mitigate risk and avoid penalties while powering critical business decisions with real-time information.

    “We’re pleased our solution is helping DTS support the unique needs of the defense industry and set a new standard for efficiency and accountability in its export compliance operations,” said Brian Hodgson, General Manager, Trade Compliance at Descartes. “With the potential for increased tariffs and trade barriers, rapidly shifting regulatory policies, and ongoing geopolitical instability making it more difficult to move and source goods, Descartes’ global trade intelligence solutions help organizations better navigate today’s complex trade landscape.”

    About Defense Trade Solutions

    Defense Trade Solutions (DTS) is a leading provider of export compliance, global trade authorizations, security cooperation and technology security & foreign disclosure solutions for the defense industry. With a focus on Foreign Military Sales (FMS), Direct Commercial Sales (DCS), and U.S. Government contracts, DTS helps clients achieve their strategic objectives while maintaining the highest standards of integrity and accountability. For more information, visit www.defense-trade.com or connect with us on LinkedIn.

    About Descartes

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

    Global Media Contact
    Cara Strohack                                                                     
    cstrohack@descartes.com  

    Cautionary Statement Regarding Forward-Looking Statements

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

    The MIL Network –

  • MIL-OSI: Castellum, Inc. Announces Its GTMR Subsidiary Has Been Selected as a SCI MAC Vendor

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Feb. 25, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its Global Technology and Management Resources, Inc. (“GTMR”) subsidiary has been selected as a Special Compartmented Information Multiple Award Contract (“SCI MAC”) vendor, supporting the Intelligence Division of Naval Air Warfare Center – Aircraft Division (“NAWCAD”). This single pool unrestricted Indefinite Delivery Indefinite Quantity (“IDIQ”) contract, which was effective as of February 21, 2025, has a ceiling of $249 Million that will be shared among the selected awardees on the SCI MAC.

    Castellum/GTMR will engage with a wide range of customers across the U.S. Department of Defense, providing analytical, technical, and managerial efforts in the areas of acquisition, analysis, research and engineering, test and evaluation, logistics, training, and program management, as well as IT and Software Development Support. Castellum/GTMR will support Naval Air Systems Command (“NAVAIR”) across all aspects of the Acquisition Life Cycle of various platforms and systems, as well as intelligence and threat support to numerous research, development, test, and evaluation activities. This contract vehicle is intended to provide general contractor support services requiring access to intelligence and threat information at various classification levels to enable NAVAIR, subordinate Commands, Program Executive Offices, and subordinate Programs to execute their mission.

    “Another important strategic win for our CTM Team as we continue our strong momentum to posture CTM, through our subsidiary companies of GTMR, SSI and Corvus, for vigorous and enduring organic growth. The federal government has increasingly shaped its acquisition strategy over the past few years to leverage IDIQ MAC’s and on follow Task Orders as their primary acquisition strategy, and Government Contracting companies must win an ‘invitation to a seat at the ‘table’ to be able to compete for new opportunities. This win is especially significant as we will have that all-important ‘seat at the table’ to help support one of our primary and strategic mission customers and their vital classified programs that directly impact our warfighters and their ability to ensure our national security. This is precisely where we want to be as CTM: helping to build as many essential and strategically enduring opportunities as we can to support mission-critical programs with our world-class CTM team and bring our unmatched technology services and solutions to our warfighters,” said Glen Ives, President and Chief Executive Officer of Castellum.

    About Castellum, Inc.:

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com/.

    Cautionary Statement Concerning Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from its contracts with SCI MAC and NAVAIR and other customers, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

    Contact:

    Glen Ives, President and Chief Executive Officer
    Phone: (703) 752-6157
    info@castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e355a09-de05-4150-b0bf-af06a2535f06

    The MIL Network –

  • MIL-OSI: TransUnion to Present at the 2025 RBC Capital Markets Global Financial Institutions Conference

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 25, 2025 (GLOBE NEWSWIRE) —  TransUnion (NYSE: TRU) today announced that Todd Cello, Executive Vice President, Chief Financial Officer, will present at the RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 4, 2025. The presentation is scheduled to begin at 9:00 a.m. CT (10:00 a.m. ET).   A live webcast of the presentations will be made available on the TransUnion Investor Relations website at http://www.transunion.com/tru. A replay will also be available on the company’s website following the conclusion of the presentation.

    About TransUnion (NYSE: TRU)

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

    http://www.transunion.com/business

    E-mail               investor.relations@transunion.com

    Telephone        312-985-2860

    The MIL Network –

  • MIL-OSI: T-Max Lending LLC Successfully Closes $34.2 Million Acquisition of a Premier Multifamily Commercial Property in Baton Rouge, Louisiana

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 25, 2025 (GLOBE NEWSWIRE) — T-Max Lending LLC is pleased to announce the successful closing of a $34.2 million acquisition of a premier multifamily commercial property in Baton Rouge, Louisiana. This strategic investment underscores T-Max Lending’s commitment to supporting high-quality housing developments in key markets across the country.

    The newly acquired property is a modern, upscale multifamily community designed to offer residents a comfortable and convenient living experience. The Property features a range of top-tier amenities, including Upgraded Resort-Style Swimming Pool, New Fitness Center Outfitted with high-end exercise equipment, including cardio machines, free weights, and a yoga studio, Pet-Friendly Enhancements and upgraded Security & Parking Facilities Improved gated entry systems and expanded parking options.

    “We are excited to add this exceptional property to our portfolio,” said Mason, Loan Officer at T-Max Lending LLC. “Baton Rouge is a growing market with strong demand for high-quality rental communities, and this acquisition aligns perfectly with our mission to provide residents with modern, well-appointed living spaces. We believe this property will set a new standard for multifamily living in the region.”

    With a prime location near major employment centers, shopping districts, universities, and entertainment hubs, the property offers both convenience and accessibility, making it an attractive option for professionals, families, and students alike. The strong economic growth in Baton Rouge further reinforces the long-term potential of this investment.

    T-Max Lending LLC continues to seek strategic investment opportunities in dynamic and high-growth markets, reinforcing its commitment to fostering community-focused developments that enhance the residential experience. As the company expands its footprint, it remains dedicated to delivering top-tier housing solutions that prioritize comfort, security, and modern living.

    For more information about T-Max Lending LLC and its lending services, please contact:

    T-Max Lending LLC
    Info@tmaxlending.com
    619 259 0177
    www.tmaxlending.com

    The MIL Network –

  • MIL-OSI: Barnwell Industries, Inc. Informs Ned Sherwood of Defective and Insufficient Director Nomination Notice and Investigation of Circumstances that May Have Triggered Shareholder Rights Plan

    Source: GlobeNewswire (MIL-OSI)

    Actions Continue Ned Sherwood’s Long History of Disruption, Breaches of Settlement Agreements and Blatant Disregard for Established Bylaws and Shareholder Protections

    Board Forms Executive Committee to Protect Shareholder Interests

    Executive Committee Believes Sherwood’s Nomination of Himself, His Friends and His Affiliates Underscores Desire to Take Control of Barnwell at Shareholders’ Expense and Without Paying a Premium for Control

    HONOLULU, Feb. 25, 2025 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today announced that it has informed Ned Sherwood, a shareholder who recently submitted a control slate of five nominees comprising friends and affiliates, that his nomination notice is defective and insufficient. Sherwood’s nomination notice fails to include material information required by the Company’s bylaws, and in light of these material deficiencies and omissions required both by the bylaws and federal securities regulations, the Executive Committee of the Barnwell Board of Directors is strongly inclined to reject the nomination notice as defective and insufficient and to disqualify Sherwood’s nominees.

    In light of the inherent conflicts of interest of Sherwood’s candidates, one of who is a current Board member, the Board has formed an Executive Committee comprising independent Vice Chairman, Kenneth Grossman, independent director Joshua Horowitz and Executive Chairman, Alexander Kinzler, to protect the interests of all other shareholders.

    The Executive Committee has requested that a Special Committee consisting of independent directors Grossman and Horowitz investigate, among other things, the facts and circumstances of the relationship between Sherwood and his board nominee, Ben Pierson, who has privately purchased shares of Barnwell while also currently serving as the Chief Investment Officer of Sherwood’s family office, to determine whether a distribution under the Company’s Shareholder Rights Plan has been triggered.

    Sherwood is Nominating Himself, His Friends and His Business Associates to
    Steal Control of the Company

    Notwithstanding the obvious conflicts, the Board remains open to considering new candidates and intends to vet the individuals proposed by Sherwood through its usual governance process. However, the Executive Committee cautions shareholders that a preliminary review shows clearly that two of the four nominees other than Sherwood cannot be expected to exercise judgement independent of Sherwood, and three of Sherwood’s five nominees have no public company Board experience.

    • Ben Pierson has been employed by the Sherwood Family Office as its Chief Investment Officer since 2021.
    • Doug Woodrum has been a Director at Barnwell since 2020 as Sherwood’s designee having joined the Board following an earlier proxy contest and then through a prior settlement with the Company. Woodrum has been the mouthpiece for all of Sherwood’s misguided policy proposals, including the sale of assets at fire sale prices and various attempts at co-opting day-to-day control, which have only resulted in damaging management morale and creating distrust of Sherwood’s motives, as well as incurring significant costs for the Company to address these matters.
    • Woodrum has been reprimanded on multiple occasions for leaking confidential board matters to Sherwood. Woodrum has also attempted to end-run the Board of Directors by directly interfering with management. Sherwood has stated many times he would elevate Woodrum to CEO or CFO, but no member of management or director not affiliated with Sherwood has endorsed or supports Woodrum as qualified for either position.

    The Company further notes that Sherwood’s nomination of a control slate continues his long history of disrupting the Company’s governance processes and interfering with the Company’s operations, while creating significant expense to the Company. Sherwood’s nomination of himself, his friends and business associates, without any credible plan for the Company and without paying a premium to shareholders for control, flies directly in the face of shareholder interests.

    Sherwood and His Director Appointees Have Hid Investments and
    Acted to Intentionally Undermine Management and the Board

    • Sherwood made a significant investment in a Canadian Oil and Gas venture founded and operated by one of his former director designees, which investment was only belatedly and incompletely disclosed. The Executive Committee believes this arrangement was undertaken as a quid pro quo so that Sherwood’s nominee would execute on Sherwood’s self-serving agenda.
    • From 2021-2022, Sherwood and Woodrum offered a then-new member of the Board, Colin O’Farrell, the Company’s CEO position. Sherwood and Woodrum did so without consulting the Board and seemingly to co-opt O’Farrell’s independence. This conduct was in breach of a then-valid standstill agreement, resulted in a costly investigation, severely damaged the morale of the Canadian-based management team, and resulted in O’Farrell’s resignation from the Board only seven months after his appointment.
    • In April 2024, without prior Board discussion or direction, Sherwood and his director appointee Woodrum demanded that management immediately begin a search for a Calgary-based CFO and that Woodrum would help lead the search.
    • Sherwood continues to interfere with the Company’s executive leadership transition. Ten months ago, Craig Hopkins succeeded Kinzler as CEO of the Company with the support of Sherwood’s nominees and as part of an overall succession plan for the retirement of the Company’s prior senior management and expense reduction efforts. Both Kinzler and Russell Gifford, the Company’s longtime CFO, have expressed their desire to retire from day-to-day operations of the Company by the end of the fiscal year and have indicated their willingness to support CEO Craig Hopkins during the transition to the extent desired by him and the Board. Multiple directors supported by Sherwood, including former director Laurance Narbut, have expressed the belief that the decades of experience and knowledge held by Kinzler and Gifford will enable the Company to undertake a smooth transition and maintain its excellent track record of accounting and legal compliance.

    Despite Repeated Requests, Sherwood Has Failed to Propose a Different Plan or
    Business Strategy

    Sherwood has NO PLAN for Barnwell Other than to Take Over the Company
    Without Paying a Control Premium

    The Company has repeatedly asked Sherwood to specify what Company plans and policies he opposes or would change. The only response has been incessant demands “to shut down Hawaii,” which lacks any semblance of thoughtful consideration. It has no backing from a single budget, spreadsheet or alternative strategy that would adequately support the back-office functions of a publicly listed company. Barnwell can only conclude that Sherwood’s current nomination notice is merely an attempt to take full control of a company where he holds a 30% stake and no articulated plan to change any personnel, policies or business practices. Sherwood and his designees on the Board have been engaged in a steady stream of actions interfering with management and compromising Board confidentiality and function, all in pursuit of full control of the Company and often in violation of the standstill agreement that the Company and Sherwood entered into in 2023.

    Sherwood has accused the Company of excessive expenditures for lawyers and other professionals when the vast majority of these expenditures were necessitated by the abusive, improper and often illegal actions of Sherwood and his designees on the Board. Sherwood’s group recently served the Company with a books and records request, which will require significant legal expense to address, ironically asking for shareholder records when Sherwood’s own group has played fast and loose with their own Section 16 and Section 13 SEC reporting obligations.

    The Barnwell Executive Committee Comprises Majority Independent and
    Highly Experienced Directors Acting on Behalf of All Shareholders

    The current Board was expressly approved by Sherwood under a 2023 settlement whereby the Company and Sherwood each designated two directors and a fifth director, Joshua Horowitz, was selected as a compromise board member who was vetted by Sherwood and expressly endorsed by both parties to the settlement agreement.

    The current Board is overseeing the transition out of the Company’s water well drilling activities and is currently completing its final well project. The water well subsidiary recently sold one of its rigs for approximately $585,000 and will shut down its operations and sell its remaining assets in the near term. This is part of a larger plan to transition out of the Company’s Hawaii main office and move those executives to transitional roles, to streamline the Company’s accounting operations and further reduce general and administrative expenses in order to increase funds available for investment.

    The Company’s Twining oil & gas property in Alberta continues to be the engine for the Company’s future growth. We are pleased that our newest development well is online and producing as expected. There are approximately 50 additional wells that can be drilled, which would enable the Company to grow its revenues and results organically, as a major portion of the costs of the operations are fixed.

    Forward-Looking Statements

    The information contained in this press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements,” “Risk Factors” and other sections of Barnwell’s annual report on Form 10-K for the last fiscal year and Barnwell’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.

    Important Additional Information and Where to Find It

    Barnwell Industries, Inc. (the “Company”) plans to file proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”). Prior to the 2025 Annual Meeting, the Company will file a definitive proxy statement (the “Proxy Statement”) together with a WHITE proxy card. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to obtain, free of charge, copies of the Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy card) when filed by the Company with the SEC in connection with the 2025 Annual Meeting at the SEC’s website (http://www.sec.gov) or at the Company’s website at https://ir.brninc.com/ or by contacting Alexander Kinzler, Secretary and General Counsel of the Company, by phone at (808) 531-8400, by email at akinzler@brninc.com or by mail at Barnwell Industries, Inc., 1100 Alakea Street, Suite 500, Honolulu, Hawaii 96813.

    Certain Information Regarding Participants

    The Company, its directors and certain of its executive officers and other employees may be deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from stockholders in connection with the 2025 Annual Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the 2025 Annual Meeting. Information relating to the foregoing can also be found in the Company’s definitive proxy statement for its 2024 annual meeting of stockholders, filed with the SEC on April 2, 2024. To the extent holdings of such participants in the Company’s securities have changed since the amounts described in the Proxy Statement, such changes have been reflected on Statements of Change in Ownership on Form 3 and Form 4 filed with the SEC: Form 3, filed by Craig Hopkins, with the filings of the Company on May 16, 2024; Form 4, filed by Craig Hopkins, with the filings of the Company on May 20, 2024, August 29, 2024, January 13, 2025 and January 17, 2025; Form 4, filed by Joshua Horowitz, with the filings of the Company on August 23, 2024 and October 28, 2024; Form 4, filed by Kenneth Grossman, with the filings of the Company on October 28, 2024; and Form 4, filed by Douglas Woodrum, with the filings of the Company on October 28, 2024. These filings can be found at the SEC’s website at www.sec.gov. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests (by security holdings or otherwise), will be set forth in the proxy statement and other materials to be filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

    CONTACT: Kenneth S. Grossman
      Vice Chairman of the Board of Directors
      Email: kensgrossman@gmail.com

    The MIL Network –

  • MIL-OSI: JOYY Closes Sale of YY Live

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that JOYY entered into agreements with Baidu, Inc. (NASDAQ: BIDU) (“Baidu”) with respect to the sale of the video-based entertainment live streaming business in mainland China previously owned by the Company (known as YY Live), for an aggregate purchase price of approximately US$2.1 billion in cash. The Company previously received approximately US$1.86 billion in February 2021, and, today, the Company received additional cash consideration of approximately US$240 million.

    About JOYY Inc.

    JOYY is a leading global technology company with a mission to enrich lives through technology. JOYY currently operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and others. The Company has created a highly engaging and vibrant user community for users across the globe. JOYY’s ADSs have been listed on the NASDAQ since November 2012.

    Safe Harbor Statement

    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JOYY’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in JOYY’s filings with the SEC. All information provided in this press release is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Investor Relations Contact

    JOYY Inc.
    Jane Xie/Maggie Yan
    Email: joyy-ir@joyy.com

    ICR, Inc.
    Robin Yang
    Email: joyy@icrinc.com

    The MIL Network –

  • MIL-OSI: Atsign Expands NoPorts Platform with C Language Support, Enhancing Security for Critical Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) — Atsign, a leading provider of critical infrastructure technology, is excited to announce the availability of NoPorts, its secure communication platform, in the C programming language. This expansion offers greater portability and compatibility for IoT devices and networking equipment, enabling seamless integration across a wider range of operating systems and hardware configurations, particularly within critical infrastructure environments.

    The C version of NoPorts provides several key advantages for securing critical infrastructure:

    • Enhanced Portability: The C programming language is widely supported, allowing NoPorts to run on a variety of embedded systems and legacy hardware commonly found in critical infrastructure environments.
    • Reduced Footprint: The C implementation offers a smaller footprint, making it ideal for resource-constrained devices and enabling deployment in environments with limited memory and processing power.
    • Tailored Integration: The C SDK provides developers with granular control over NoPorts integration, allowing them to optimize performance and functionality for specific critical infrastructure use cases and security requirements.

    “The availability of NoPorts in C is a significant milestone for Atsign, particularly in our drive to secure critical infrastructure,” said Colin Constable, Co-founder and CTO of Atsign. “By expanding our language offerings, we are empowering organizations to build secure and scalable communication systems that can withstand cyber threats and ensure the continued operation of essential services.”

    About Atsign

    Atsign specializes in embedded security technology infrastructure, software solutions, and SDKs. The company is providing the technology for the next generation of the Internet with simplicity, security, and privacy built-in. Atsign’s products are based on the promise of a new approach to networking using public key cryptography and personal data services. Learn more at Atsign.com.

    About NoPorts

    NoPorts simplifies and secures remote access, protecting critical infrastructure, for organizations of all sizes. With a zero trust architecture, end-to-end encryption ensuring data privacy, and the elimination of network attack surfaces, NoPorts offers the most secure tunnel for remote access. NoPorts empowers businesses to achieve greater operational efficiency, improved scalability, and enhanced security—all while reducing costs and complexity. Learn more at NoPorts.com.

    Media Contact:
    Scott Hetherington
    Atsign
    Scott@Atsign.com
    844-827-0985

    The MIL Network –

  • MIL-OSI: CLEAR, an Official TSA PreCheck® Enrollment Provider, Expands Enrollment and Renewal Options by Opening a New Location at Plaza Las Américas

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at Plaza Las Américas in San Juan, Puerto Rico. This marks CLEAR’s first non-airport location in San Juan for TSA PreCheck enrollment and renewal services, complementing its 55 airport-based enrollment and renewal locations across the U.S. TSA PreCheck enrollment and renewal services through CLEAR are also available at select Staples stores nationwide.

    The launch of this new enrollment location represents the ongoing expansion of CLEAR’s national TSA PreCheck enrollment footprint. Throughout 2025, CLEAR will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals.

    “TSA PreCheck Enrollment through CLEAR provides a fast and efficient travel experience,” said CLEAR CEO Caryn Seidman-Becker. “We’re excited to bring this trusted traveler program to Plaza Las Américas, the Caribbean’s largest shopping center, delivering greater convenience with expanded enrollment options beyond the airport.”

    “Plaza Las Américas is proud to offer TSA PreCheck enrollment with CLEAR,” said Edwin Tavárez, General Manager at Plaza Las Américas.“As the Caribbean’s largest shopping center and a key destination for travelers, this new service provides added convenience for our visitors, making it easier than ever to prepare for a seamless airport experience.”

    Hours of operation at Plaza Las Américas are Monday through Saturday from 11 a.m. AST to 7 p.m. AST, and Sunday from Noon AST to 7 p.m. AST. The location is on level 1 of Plaza Las Americas, across from the Lacoste store. Enter via the entrance near the Genesis store, proceed straight ahead, and take a right before the escalator. Look for the TSA PreCheck through CLEAR standing banners and pods.

    TSA PreCheck members benefit from the convenience of keeping shoes, belts and light jackets on through the airport security checkpoint, and keeping laptops and 3-1-1 compliant liquids in carry-on bags. Members typically get through security screening much faster, with about 99% of members waiting less than 10 minutes at airport checkpoints nationwide.

    New TSA PreCheck applicants can pre-enroll or find an enrollment location by visiting the authorized CLEAR’s authorized TSA PreCheck website, https://tsaprecheckbyclear.tsa.dhs.gov/. Most existing TSA PreCheck members can renew directly on the website, regardless of the provider they enrolled with originally.

    A list of CLEAR enrollment locations for TSA PreCheck is included below, and on the CLEAR, TSA PreCheck website: https://tsaprecheckbyclear.tsa.dhs.gov/locations.

    About TSA PreCheck®

    TSA PreCheck is a Department of Homeland Security (DHS) Trusted Traveler program that allows enrolled travelers expedited screening through airport security. TSA PreCheck lanes are located at over 200 airports with nearly 100 airlines participating. Since TSA first launched the TSA PreCheck application program as a DHS Trusted Traveler Program for low-risk travelers in December 2013, active membership in the program has grown to more than 20 million members.

    About CLEAR
    CLEAR’s mission is to create frictionless experiences. With over 27 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

    About Plaza Las Américas
    Plaza Las Américas is the leading shopping center in Puerto Rico and the Caribbean. It is part of a family-owned group of Puerto Rican companies with a commercial tradition that began at the 19th century. The shopping center has over 300 retailers and services, including around 50 food stands or restaurants, and 15 movie theaters. With 2 million square feet, Plaza Las Américas is located in the heart of the San Juan Metropolitan Area, adjacent to the central business district of the Island, and 15 minutes away from the port of San Juan, the Luis Muñoz Marín International Airport, the Convention Center and most of the hotels in the metropolitan area.

    Forward-Looking Statements
    This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

    CLEAR
    media@clearme.com  

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

    The MIL Network –

  • MIL-OSI: Stable versus Struggling: Canada’s Financial Divide Widens

    Source: GlobeNewswire (MIL-OSI)

    – Mortgage Delinquencies Rising in Ontario Amidst Rising Consumer Debt –

    Equifax Canada Market Pulse Quarterly Consumer Credit Trends Report

    TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) — A growing financial divide is emerging across Canada, with some borrowers benefiting from lower interest rates while others struggle under mounting debt. According to Equifax Canada’s Q4 2024 Market Pulse Consumer Credit Trends Report, some Ontario mortgage holders are experiencing severe financial distress, with delinquencies more than 50 per cent higher than pre-pandemic levels.

    Total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023. Non-bank auto loans drove much of this increase, rising 11.7 per cent year-over-year, while the average non-mortgage debt per consumer reached $21,931, exceeding pre-pandemic levels.

    “While some consumers are doing better and seeing financial improvements from lower interest rates, financial pressures have intensified for some Canadians, as well as mortgage holders in certain regions, in particular in Ontario and British Columbia,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada. “At first glance, the numbers are not concerning, but when we look deeper at a more granular level, many are feeling the strain of high living costs and mortgage renewals with higher payments, while other consumers are doing better and seeing financial improvements from lower interest rates and income growth.”

    For some homeowners, rate cuts have provided some relief. Some borrowers with home equity lines of credit have seen delinquency rates stabilize. Many of these consumers have improved their credit card repayment habits, with more people paying off balances in full.

    Ontario Mortgage Holders Under Pressure and Missing Payments
    More than 11,000 mortgages in Ontario recorded a missed payment in Q4 2024 — nearly three times the number seen in 2022. Mortgage holders who are falling behind in their payments are also carrying substantially higher mortgage balances, reflecting the continued financial strain of higher than pre-pandemic interest rates. The 90+ day mortgage balance delinquency rate in Ontario surged 90.2 per cent year-over-year to 0.22%, far outpacing the change in delinquency rates in other provinces, with BC at 37.7 per cent, Alberta at -3.6 per cent, Quebec at 41.2 per cent, the Prairies (MB and SK) at 0.6 per cent, and the Atlantic provinces (NL, PE, NB, NS) at 15.7 per cent.

    Ontarian mortgage holders are struggling with other forms of debt as well. The 90+ day non-mortgage balance delinquency rate jumped 46.1 per cent from Q4 2023, while other provinces saw smaller rate jumps, with BC at 21.6 per cent, Quebec at 23.3 per cent, Alberta at 6.1 per cent, the Prairies (MB and SK) at 4.1 per cent, and the Atlantic provinces (NL, PE, NB, NS) at 1.5 per cent. In addition, Ontario’s overall rise in non-mortgage delinquency rate was 23.9 per cent, above the national average of 18 per cent.

    “Mortgage holders will typically do everything they can to keep up with payments,” Oakes explained. “The fact that we’re seeing missed payments rise so sharply suggests deeper financial strain. Depending on the type of credit, missed payments have increased from 10 to 80 per cent, compared to pre-pandemic levels.”

    In Toronto, 90+ day non mortgage delinquency rates hit 2.06 per cent, higher than most major cities, reflecting the region’s unique financial challenges.

    Canadian Housing Market: Rebound Tempered by Renewal Challenges

    The overall Canadian mortgage market showed signs of recovery, with new mortgage originations rising 39 per cent year-over-year. First-time homebuyers returned, with a 28.2 per cent increase from the extreme lows of purchases in Q4 2023. Although the average loan amount for first-time buyers remains 6.6 per cent higher than Q4 2023, monthly payments have decreased 7.9 per cent, or $200 lower, to an average loan amount of $2,330.

    Mortgage renewals and refinancing accounted for over 50 per cent of new mortgage originations in Q4 2024, increasing 10.6 per cent from 2023. The average loan amount and balance on mortgage renewals in 2024 surpassed those in 2023 and 2022, with the average balance increasing by 2.9 per cent in 2024 compared to 2023.

    Many consumers renewing their mortgage continue to have higher monthly payments due to elevated interest rates compared to pre-pandemic and pandemic levels, when they last locked in their low rates. This reality is expected to affect around a million mortgages due for renewal in 2025, originating from the low-interest-rate environment of 2020. These borrowers may face significantly higher payments despite recent rate reductions. A quarter of mortgage-holders saw their monthly mortgage payment increase by over $150 at renewal in Q4 2024.

    Consumer Spending and Credit Behaviour

    Credit card debt climbed 7.8 per cent in Q4 2024, though at the slowest rate since 2022. Seasonal spending in December hit a two-year high, with average credit card purchases adjusted for inflation reaching $2,228 per cardholder, a 2.2 per cent increase from 2023.

    Younger and lower income Canadians are experiencing missed payments on credit cards, auto loans, and lines of credit, signaling financial strain among these groups.

    “Despite recent rate cuts and GST tax relief, challenges persist for certain consumers, particularly in consumer debt and housing. The added uncertainty of U.S. tariffs underscores the need for a balanced approach to debt, affordability, and trade. The coming year will be critical for Canada’s economic stability,” said Oakes.

    Age Group Analysis – Debt & Delinquency Rates (excluding mortgages)

      Average
    Debt
    (Q4 2024)    		 Average Debt Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)    		 Delinquency Rate ($)
    (Q4 2024)    		 Delinquency Rate ($) Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    18-25 $8,483 3.84% 1.92% 15.17%
    26-35 $17,467 0.87% 2.24% 21.24%
    36-45 $27,042 1.96% 1.85% 23.20%
    46-55 $34,564 3.71% 1.33% 19.04%
    56-65 $28,714 5.53% 1.11% 14.26%
    65+ $14,635 3.82% 1.11% 5.55%
    Canada $21,931 2.98% 1.53% 17.98%


    Major City Analysis     – Debt & Delinquency Rates (excluding mortgages)

    City Average
    Debt
    (Q4 2024)    		 Average Debt Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)    		 Delinquency Rate ($)
    (Q4 2024)    		 Delinquency Rate ($) Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Calgary $24,078 0.81% 1.67% 16.23%
    Edmonton $23,665 -0.22% 2.17% 19.00%
    Halifax $21,278 1.46% 1.53% 21.37%
    Montreal $17,057 3.16% 1.43% 20.48%
    Ottawa $19,634 1.75% 1.47% 24.45%
    Toronto $21,054 3.34% 2.06% 23.75%
    Vancouver $23,251 4.12% 1.24% 15.81%
    St. John’s $23,968 1.02% 1.47% 3.62%
    Fort McMurray $37,861 0.26% 2.41% 11.72%


    Province Analysis     – Debt & Delinquency Rates (excluding mortgages)

    Province Average
    Debt
    (Q4 2024)    		 Average Debt Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)    		 Delinquency Rate ($)
    (Q4 2024)    		 Delinquency Rate ($) Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Ontario $22,597 3.51% 1.64% 23.91%
    Quebec $19,156 2.83% 1.08% 16.88%
    Nova Scotia $21,349 2.45% 1.66% 9.28%
    New Brunswick $21,548 2.71% 1.68% 5.80%
    PEI $23,664 3.44% 1.23% 14.34%
    Newfoundland $24,843 3.82% 1.49% 0.05%
    Eastern Region $22,272 2.88% 1.59% 6.32%
    Alberta $24,537 0.74% 1.91% 17.11%
    Manitoba $18,150 2.64% 1.69% 3.14%
    Saskatchewan $23,265 2.29% 1.77% 11.09%
    British Columbia $22,583 3.61% 1.36% 14.16%
    Western Region $22,911 2.34% 1.64% 14.09%
    Canada $21,931 2.98% 1.53% 17.98%

    * Based on Equifax data for Q4 2024

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network –

  • MIL-OSI: Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.

    Key Takeaways

    • The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
    • AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
    • Recruitment costs dropped by 25% due to automated hiring workflows.
    • Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
    • AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.

    Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.

    Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.

    To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.

    The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.

    “With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”

    Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.

    To know more about Bitget’s AI usage in hiring, check the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6645e120-7461-4af0-9253-b5353f2d5350

    The MIL Network –

  • MIL-OSI: ITI Launches Master’s in Trading Program for Ambitious Traders Aspiring to Go Professional

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, Feb. 25, 2025 (GLOBE NEWSWIRE) — The International Trading Institute (ITI) is setting a new standard for trader education with the launch of its Master’s in Trading Program—a structured, comprehensive, mentor-led program designed to turn ambitious traders into market professionals.

    The part-time program delivers expert training in trading psychology, risk management, algorithmic strategies, and advanced market analysis across all major asset classes. Designed for traders serious about going professional, ITI provides real-world trading experience, direct mentorship, and industry-recognized certifications—fast-tracking participants into full-time trading and finance careers.

    The Ultimate Trading Education Experience

    Unlike self-learning or short-term courses, ITI’s Master’s in Trading Program offers a structured, hands-on approach to professional trading. The program is designed to offer participants opportunities to:

    • Trade like the pros – learn professional-level strategies for risk management, execution, and market analysis.
    • Master trading psychology – train with world-class trading psychologists to develop the discipline needed for trading success.
    • Gain hands-on experience – engage in real-time trading simulations, case studies, and market analysis.
    • Access elite mentorship – work directly with top trading professionals for expert guidance and career development.
    • Earn an industry-recognized certification – graduates will have the option to earn the STA Technical Analysis certification.
    • Build a professional-grade trading system – develop and refine a reliable, high-performance trading strategy with expert feedback.

    “Retail traders often struggle to bridge the gap between independent trading and professional execution,” says Carol Harmer, ITI faculty member. “This program eliminates guesswork, providing structured training, performance coaching, and the professional insights needed to compete at the highest level.”

    Led by World-Class Trading Experts

    ITI’s faculty includes some of the most respected names in the trading industry, offering unparalleled mentorship and expertise. Featured instructors include:

    Steve Goldstein – Trading performance coach specializing in psychology, behavioral finance, and decision-making under uncertainty. Author of “Mastering the Mental Game of Trading” (2024).

    Alex Spiroglou – A high-profile cross-asset futures trader and an award-winning researcher in technical analysis.

    Sunil Mangwani – Technical trading specialist with expertise in price action, Fibonacci techniques, and trend forecasting.

    Steve Ward – Performance coach for hedge funds, investment banks, and professional traders. Author of three books on trader performance and mindset. 

    Marc Chandler – A widely respected currency expert and seasoned Wall Street strategist.

    Carol Harmer – A veteran trader and pioneer of technical trading at top financial institutions.

    Ed Ponsi – Respected forex educator, risk management expert, best-selling author, and advisor to hedge funds, institutional traders, and central bankers.

    The Psychological Edge: ITI’s Game-Changing Approach

    Experts agree that 80% of trading success depends on a trader’s psychological mindset. 

    Julie Cook, President of ITI, explains why ITI puts mindset training at the core of its curriculum:

    “Most trading programs focus on strategy but neglect the mental game. At ITI, we integrate trading psychology into every aspect of learning. Success in today’s markets requires more than just knowledge—it demands resilience, confidence, and an elite mindset.”

    Additionally, research shows that structured mentorship can accelerate learning curves and significantly impact performance and outcomes. 

    According to ITI faculty member Sunil Mangwani, “Mentoring is a key to professionalization for institutional traders. This program duplicates that critical element in the development of traders by providing mentoring by industry experts embedded in the curriculum.”

    By incorporating mentorship and psychological training, ITI gives traders the competitive edge they need to succeed faster and more efficiently.

    Enrollment Now Open – Limited Spots Available

    Applications for the September 2025 cohort are now open. Seats are limited, and early applicants receive live Q&A sessions with industry experts and early scholarship opportunities.

    More details: InternationalTradingInstitute.com/masters-in-trading-program/

    About the International Trading Institute

    The International Trading Institute (ITI) is a leading educational institution offering a groundbreaking Master’s in Trading Program to equip traders with cutting-edge knowledge, tools, and mentorship for success in global financial markets. With industry veterans as faculty and a rigorous, real-world curriculum, ITI is setting a new standard in trading education.

    Social Links

    Website: https://internationaltradinginstitute.com/

    Contact

    Director of Marketing
    Jasman Mann
    The International Trading Institute (ITI)
    admissions@internationaltradinginstitute.com
    +34 93 451 8176

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1656f4a3-ea47-4b00-bc18-9067031533f2

    The MIL Network –

  • MIL-OSI: No. 2/2025 – Publication of annual report

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen                                                                                   
    Nikolaj Plads 6
    DK-1067 Copenhagen K   

    Copenhagen, 25 February 2025
    ANNOUNCEMENT no. 2/2025

    PUBLICATION OF ANNUAL REPORT

    The annual report for 2024 of Cemat A/S has now been published in advance of the expected approval at the company’s annual general meeting. Please note that Cemat A/S’ official annual report has been prepared in compliance with the ESEF Regulation and can be visited in the attached zip file and via the weblink on Cemat A/S’ website. An unofficial copy of the annual report is also attached to this announcement in a pdf file.

    Cemat A/S

    Frede Clausen
    Chairman of the Board

    This announcement has been prepared in a Danish-language and an English-language version. In case of doubt, the Danish version prevails.

    Attachments

    The MIL Network –

  • MIL-OSI: Offer for subscription update

    Source: GlobeNewswire (MIL-OSI)

    25 FEBRUARY 2025

    NORTHERN 3 VCT PLC

    OFFER FOR SUBSCRIPTION UPDATE

    Further to the announcement made by Northern 3 VCT PLC (“the Company”) on 9 January 2025 in conjunction with Northern Venture Trust PLC and Northern 2 VCT PLC, in respect of the offers of new ordinary shares for subscription in the 2024/25 tax year, the Company announces that its offer of new ordinary shares to raise a total of up to £6 million is now fully subscribed and no further applications will be accepted.

    The offers by Northern Venture Trust PLC and Northern 2 VCT PLC to raise a total of up to £15 million each in the 2024/25 tax year remain open for subscription and will close when fully subscribed, but in any case, no later than 12 noon on 31 March 2025 and subject to the Directors’ right to close the offers at any time.

    Enquiries:

    Sarah Williams / James Sly, Mercia Fund Management Limited – 0330 223 1430

    Website: www.mercia.co.uk/vcts

    Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.

    The MIL Network –

  • MIL-OSI: Karolinska Development’s portfolio company AnaCardio includes first patient in a phase 2a study of its drug candidate AC01

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN February 25, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company AnaCardio has dosed the first patient in the phase 2a part of the GOAL-HF1 clinical study. The study will evaluate AnaCardio’s drug candidate AC01 in patients with heart failure and reduced ejection fraction. Study results from GOAL-HF1 are expected by the end of the year.

    AnaCardio AB is a privately held Swedish clinical-stage biopharmaceutical company developing novel drugs to treat heart failure. The company´s lead asset, AC01, is currently being evaluated in a clinical phase 1b/2a study, GOAL-HF1, in patients with heart failure and reduced ejection fraction (HFrEF).

    The phase 2a part of the GOAL-HF1 study is randomized, double-blind and placebo-controlled, aiming to evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of AC01 in patients with HFrEF following 28 days of treatment. The study is being conducted at 13 highly specialized heart failure centers in Sweden, the Netherlands, Italy and the UK.

    ”Following the promising results from the first part of the phase 1b/2a study, we are pleased to see our portfolio company AnaCardio advancing the clinical development of AC01 by initiating the second part of the study,” says Viktor Drvota, CEO, Karolinska Development.

    Karolinska Development’s ownership interest in AnaCardio amounts to 10%.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com 

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Innofactor wins contract to provide the case and document management system for Gävle Municipality

    Source: GlobeNewswire (MIL-OSI)

    Innofactor Plc press release February 25, 2025, at 10:00 Finnish time

    Gävle Municipality is taking an important step towards making the management of documents and cases both simpler and more efficient. Through a carefully conducted procurement process, the municipality chose Innofactor Dynasty, gaining a system that is not only easy to use but also simplifies everyday life for both employees and citizens.

    The new system will streamline case management, making everything from saving documents and opening new cases to meeting management more efficient. With clear roles and responsibilities, stability and security are created, contributing to a well-functioning and reliable administration. Additionally, Innofactor’s experts will be available to provide professional service and support, focusing on high quality.

    “With our extensive experience in delivering technology, services, training, and consulting to the public sector, we look forward to starting the implementation and configuration of the case and document management system for Gävle Municipality,” says Gabriel Klingofström, the project’s Configuration Manager from Innofactor.

    As a new supplier to Gävle Municipality, Innofactor will help the municipality streamline processes, increase transparency, and improve workflows. For the municipality, this means a safe and secure way to collaborate, with a focus on sustainability, efficiency, and the highest information security.

    After a competitive procurement process with eight applicants and four bids, Innofactor was chosen to deliver a document and case management solution.

    Read more about Innofactor Dynasty: https://www.innofactor.com/what-we-do/our-solutions/dynasty/intro/

    Additional information:

    Anders Brunnström, Sales Executive, Innofactor Sweden
    Tel. +46 (0)73 536 22 37
    anders.brunnström@innofactor.com

    Vesa Niinistö, Managing Director, Innofactor Finland
    Tel. +358 40 543 7869
    vesa.niinisto@innofactor.com

    Innofactor
    Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. www.innofactor.com #AIDriven #PeopleFirst #BeTheRealYou

    The MIL Network –

  • MIL-OSI: Municipality Finance issues EUR 15 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 February 2025 at 10:00 am (EET)

    Municipality Finance issues EUR 15 million notes under its MTN programme 

    Municipality Finance Plc issues EUR 15 million notes on 26 February 2025. The maturity date of the notes is 26 February 2036. MuniFin has a right, but no obligation, to redeem the notes early on 26 February 2026. The notes bear interest at a fixed rate of 3.51% per annum until 26 February 2026, after which the interest is paid at 3.25% per annum, unless MuniFin redeems the notes early.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 February 2025.

    Barclays Bank Ireland PLC acts as the dealer for the issue of the notes. 

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet totals over EUR 53 billion.
    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.
    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. 
    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: Nokia, Vodafone and RingCentral to showcase future of voice calls at Mobile World Congress #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia, Vodafone and RingCentral to showcase future of voice calls at Mobile World Congress #MWC25

    • Immersive Voice and Audio Services (IVAS): The most significant advancement in voice-call audio technology in decades, will be jointly presented by Nokia, Vodafone and RingCentral highlighting the latest 5G Advanced audio capabilities.
    • The joint demonstration underscores the partners’ intention to bring future IVAS-enabled calling experiences to a broad customer base.

    25 February 2025
    Espoo, Finland – Nokia today announced it is working with Vodafone and RingCentral to showcase Immersive Voice and Audio Services (IVAS) – the future of voice communication, providing users with a natural, three-dimensional sound experience even when calling from a remote location. The joint demonstration on the Vodafone booth at MWC 2025 highlights the companies’ commitment to deliver advanced IVAS-enabled business, industrial and consumer use cases and enhance voice communication.

    IVAS will transform traditional voice services by adding an immersive audio experience that allows people to hear sound spatially in real-time, making conversations and interaction natural, and lifelike. There are significant opportunities for enhanced audio services, from elevating business communications if dialing into a meeting remotely to transforming industrial operations, education, sports and events, as well as mobile voice calls.

    “Showcasing IVAS technology, the future of voice communication, with Vodafone and RingCentral at MWC this year enables us to bring new use cases to life on today’s devices. It highlights our commitment to growing the ecosystem for Immersive Voice and Audio Services while delivering impactful, immersive audio experiences across communications platforms,” said Jyri Huopaniemi, Head of Audio Research, Nokia Technologies.

    “Videoconferencing with multiple people dialing in both remotely or from within the office can be an alienating and unproductive experience. That’s why Vodafone is delighted to be at the forefront of new immersive voice technology with Nokia and RingCentral. The virtual surround sound experience possible with immersive voice can enhance business meetings, improve industrial operations in noisy locations like warehouses and transport hubs, and even improve everyday voice calls,” added Nadia Benabdallah, Network Strategy and Engineering Director, Vodafone.

    “Voice is more than just sound —it conveys intent, tone, and emotion in a way that written messages never can. With IVAS Spatial Audio we’re restoring the power of voice as the most natural way to connect and collaborate and demonstrating how voice can address hybrid work equity, promote inclusivity for visually impaired workers, and unlock the potential of AI-enhanced collaboration,” commented Homayoun Razavi, EVP & General Manager of Global Service Providers at RingCentral.

    Developed through the collaboration of 13 companies, the IVAS standard was included in the 3GPP Release 18, building on the widely used Enhanced Voice Services (EVS) known as HD Voice+.

    One of the key innovations during IVAS standardization was the creation of a new parametric audio format, Metadata-Assisted Spatial Audio (MASA), designed specifically for devices with design constraints and challenging form factors for spatial audio, like smartphones. The IVAS codec integrates a built-in renderer that supports head-tracked binaural audio and multi-loudspeaker playback for immersive formats, including MASA.

    To enable the experiences at Mobile World Congress an immersive voice client software development kit serves as the IVAS front-end, capturing spatial audio from device microphones and converting it into the standardized MASA format. This technology enables true 3D immersive audio experiences for various types of voice calls.

    Experience new IVAS concepts at MWC 2025
    As part of imagining future calling with IVAS the following benefits will be available to experience on the Vodafone and Nokia booths.

    Multi-stream teleconferencing: Showcasing seamless audio for complex, multi-participant meetings, where remote participants can feel left out or struggle to follow discussions. IVAS enabled teleconferencing services bridge this gap by enabling:

    • Spatially distinguishing voices: Each speaker occupying a unique auditory position, making it easy to identify and follow conversations in real time. 
    • Inclusive soundscapes: Giving remote participants the sense of being “in the room” with their colleagues. 
    • Reducing cognitive strain: Natural soundscapes reduce the mental effort needed to process complex discussions, improving engagement and participation. 

    Immersive 1-to-1 calling: Enjoying a truly immersive, spatial audio calling allows for richer, more engaging voice interactions as well as immersion in the callers surrounding area through:

    • Closeness and clarity: 360° audio transforms calling experiences allowing you to step into the world of the caller, creating natural interaction for a truly shared experience.
    • Accurate directional sound: With head-tracking enabled headphones, the audio adjusts to reflect the direction of the sound source, making it easier to distinguish exactly where the sounds are coming from, in real time.

    Enhanced access in industrial environments: IVAS Spatial Audio is adaptable to dynamic environments and facilitates new audio enabled skills including:

    • Enhanced remote servicing or critical operations: Helping detect and isolate abnormal machine sounds in factory environments.
    • Improving communication in high-noise workplaces: enabling clear communications in manufacturing plants and construction sites.

    In short, IVAS addresses the growing demand for both enhanced voice and immersive multimedia services across various communication platforms.

    The new IVAS technology concepts are on show at MWC 2025 from March 3-6 on the Vodafone booth Hall 3 Stand 3E11, on the Nokia booth Hall 3 Stand 3B20, or in RingCentral’s Executive Meeting Room 12Ex, Hall 7E. This showcases future opportunities for new products that leverage both the 5G Advanced IVAS codec and Nokia’s Immersive Voice technology.

    Resources and additional information
    Whitepaper: Nokia Immersive Voice Whitepaper
    Web Page: Nokia Immersive Voice
    Web Page: Voice over 5G (Vo5G) core

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

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

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

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: New Application Extends Zscaler Exposure Management Solution, Providing a Single Platform for Asset Risk Management, Prioritization and Quantification

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced the introduction of Zscaler Asset Exposure Management, designed to advance how organizations manage their asset risk, commonly referred to as Cyber Asset Attack Surface Management (CAASM). Serving as a critical foundation for Zscaler’s broader Continuous Threat Exposure Management (CTEM) offerings, this innovative solution consolidates and correlates data from a vast array of sources to deliver to organizations a precise inventory of assets and visibility into their security gaps to mitigate cyber risk.

    Organizations often struggle to maintain an accurate inventory of their assets. As a result, IT and security teams resort to spending hours using spreadsheets to track assets, making it difficult to assess the risks these assets pose and to prioritize remediation efforts. This issue is particularly pressing in regulated industries, such as healthcare and financial services, where non-compliance can result in significant fines.

    Built on Zscaler’s powerful Data Fabric for Security, Zscaler Asset Exposure Management integrates and correlates data from hundreds of sources, including Zscaler’s cloud security platform providing organizations with a comprehensive and accurate inventory of their assets and their risk. Zscaler’s Zero Trust Exchange platform processes over 500 billion security transactions daily, offering a comprehensive view of customer assets and associated risks. With more than 50 million devices using Zscaler agents to collect and share telemetry, the platform provides in-depth visibility into assets operating in branches and factories through the Zero Trust Branch solution. Additionally, it delivers insights into workloads in multi-cloud environments via the Zero Trust Cloud solution. This breadth of data delivers more effective security outcomes.

    Zscaler Asset Exposure Management offers comprehensive asset risk management, enabling organizations to:

    • Create an Accurate Asset Inventory: Aggregate and deduplicate data from multiple sources to provide a comprehensive view of assets and their associated software stacks.
    • Identify Coverage Gaps: Detect assets lacking essential security measures, such as missing Endpoint Detection and Response (EDR) solutions or outdated software versions.
    • Enhance Data Accuracy: Improve data hygiene by automatically updating Configuration Management Databases (CMDB) and resolving data discrepancies across systems.
    • Mitigate Risks: Trigger automated remediation workflows and policy adjustments to restrict access for users associated with risky assets, thereby immediately lowering enterprise risk.

    Together with Zscaler Risk360 and Unified Vulnerability Management, this new CAASM offering provides customers with a comprehensive solution for more effective exposure management.

    “Managing the security stack on our endpoints has been a labor-intensive task for our team,” said Mike Melo, CISO of LifeLabs. “Previous CAASM tools lacked the policy management features we needed to pinpoint risky or non-compliant assets. With this new software, we expect to save hundreds of hours of manual work, and because it’s built on the Zscaler Data Fabric for Security, which is already serving our exposure management program, we’ll see value in just a week, with no extra effort required.”

    “Companies have struggled for decades with the fundamental question of how many assets they actually have and what risk they pose to the business,” said Adam Geller, Chief Product Officer, Zscaler. “The unmatched data set of 500 billion daily transactions from the Zscaler platform, combined with data from third-party sources, provides our customers with a unique advantage in identifying asset risk. By aggregating and synthesizing this data for additional context, we deliver more complete insights and empower our customers to make better decisions.”

    “Zscaler is integrating its own unique telemetry alongside the data aggregated from third-party sources,” said Michelle Abraham, senior research director, Security and Trust at IDC. “The Data Fabric for Security’s ability to synthesize, normalize, and enrich this data brings depth to asset visibility and security insights providing Zscaler with a foundational product for improving organizational cyber hygiene.”

    To learn more about Zscaler Asset Exposure Management, please visit zscaler.com/ctemlaunch.

    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.

    Forward-Looking Statements

    This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include the expected benefits of the new Zscaler Asset Exposure Management solution to Zscaler’s customers. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to our ability to successfully implement and deploy the Zscaler Asset Exposure Management solution across platforms and to improve efficiency and cost savings for our customers. Additional risks and uncertainties are set forth in our most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on December 5, 2024, which is available on our website at ir.zscaler.com and on the SEC’s website at www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.

    Media Contact:
    Zscaler PR
    Nick Gonzalez
    press@zscaler.com

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 25, 2025 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on March 13, 2025.

    Futu’s management will hold an earnings conference call on Thursday, March 13, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

    Please note that all participants will need to pre-register for the conference call, using the link
    https://register.vevent.com/register/BIb8967ae69ba64a7eab0c02d765ce1339.

    It will automatically lead to the registration page of “Futu Holdings Ltd Fourth Quarter and Full Year 2024 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/.

    About Futu Holdings Limited

    Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

    Investor Contact

    Investor Relations
    Futu Holdings Limited
    ir@futuholdings.com

    The MIL Network –

  • MIL-OSI: Aktsiaselts Infortar Unaudited Consolidated Interim Report for fourth quarter and 12 months of 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar (Infortar) will organize a webinar for introducing fourth quarter 2024 results today. Please join the webinar via the following links:

    25 February 2025 at 12:00 (EET) Estonian webinar

    25 February 2025 at 14:00 (EET) English webinar

    Estonia’s largest investment holding company, Infortar assets increased from €1.4 billion to €2.7 billion following the acquisition of a majority shareholding in Tallink Group (Tallink) and the purchase of a gas sale- and distribution company in Poland. Infortar’s stock price raised by 70% in its first year on the Tallinn stock exchange, raising the company’s total valuation from €548 million to €916 million.

    “Over the past few years, our investments have amounted to nearly half a billion euros. We have grown into one of Estonia’s largest companies in terms of assets within a year. We will continue seeking growth opportunities across the region,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.

    “Today, changes in corporate competitiveness and energy policy across Estonia, Europe, and the United States recognize an increasing role for natural gas as a supporter of renewable energy and a provider of controllable capacity. The outlook for the maritime transport sector is set to improve,” Hanschmidt added.

    Major events

    Maritime transportation

    In the summer, Infortar invested €110 million in acquiring Tallink shares, increasing its shareholding in Tallink to 68.5%.

    The total number of passengers in 2024 reached 5.6 million. As of the end of the financial year, Tallink operated 14 vessels. Three vessels were chartered out during the year. The number of transported cargo units exceeded 303,000, and passenger vehicles transported totaled 777,000.

    Energy

    Infortar’s subsidiary, Elenger Group (Elenger), signed a €120 million agreement with the German energy conglomerate EWE AG to acquire EWE Group’s business operations in Poland. The transaction included natural gas assets, a distribution network in Western Poland, and all energy sales segments.

    In 2024, Elenger sold a total of 18.4 TWh of energy (15.9 TWh in 2023). Sales in Estonia accounted for 16% of the total energy sales in 2024. The company’s market share in gas sales across the Finland-Baltic gas market for the year was 24.3%.

    Real estate

    Infortar’s real estate portfolio has expanded from 100,000 to 141,000 square meters over the past year. At the end of last year, the Rimi logistics center in Saue received its occupancy permit. This summer, a new bridge in Pärnu will be completed, followed by the opening of Lasnamäe’s second DEPO store in Estonia next year. In early 2028, the Kangru-Saku section of the Rail Baltica main route will also be completed.

    Key figures of financial year

    Key figures Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Sales revenue, m€ 446.168 337.734 1 371.775 1 084.626
    Gross profit, m€ 34.871 42.235 128.629 149.473
    EBITDA, m€ 27.892 37.418 145.415 143.283
    EBITDA margin (%) 6.3% 11.1% 10.6% 13.2%
    Net profit, EBIT, m€ -6.792 28.967 77.025 123.628
    Total profit(-loss), m€ -11.988 24.206 175.351 293.830
    Net profit (-loss) holders of the Parent m€ -11.188 24.232 172.934 293.778
    EPS (euros)* -0.54 1.18 8.46 14.62
    Total equity m€ 1 166.222 820.210 1 166.222 820.210
    Total liabilities m€ 1 223.287 441.160 1 223.287 441.160
    Net debt m€ 1 055.708 354.045 1 055.708 354.045
    Investment loans to EBITDA (ratio) 3.0x 1.7x 3.0x 1.7x

    Earnings per share (EPS) in euros is calculated using the following formula: the profit attributable to the parent company’s owners is divided by the weighted average number of ordinary shares (20,443,629 as of 31.12.2024 and 20,100,000 as of 31.12.2023). The number of shares, 20,443,629, is determined as follows: Infortar has a total of 21,166,239 issued ordinary shares, from which 722 610 own shares are deducted. These own shares were issued under the employee stock option program and have not been exercised.

    Revenue

    2024. financial year, the group´s consolidated sales revenue increased by 287.149 million euros reaching 1 371.775 million euros (compared to 1 084.626 million euros in 2023). A significant impact was made by the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements starting from August 1, 2024.

    EBITDA and Segment Reporting

    Maritime transport Segment: The EBITDA for the maritime transport segment in 2024 financial year was 175.181 million euros (compared to 214.528 million euros in the 2023 financial year). In segment reporting 100% Tallink results are presented.

    Tallink´s financial results were affected by difficult economic environment across all our home markets, and the lowest consumer confidence levels in a decade.

    Energy Segment: The EBITDA for the energy segment of the 2024 financial year was 77.235 million euros (compared to 135.999 million euros in 2023). Warmer winter led to a decrease in sales volumes, which in turn impacted profitability in the fourth quarter.

    Real Estate Segment: The profitability assessment considers the EBITDA of individual real estate companies. The EBITDA for the real estate segment of the 2024 financial year was 13.567 million euros (compared to 12.39 million euros in 2023). Three new buildings at Liivalaia 9, Tähesaju 9, and Tähesaju 11 were included in the accounting for the 2023 financial year.

    Net Profit

    The consolidated net profit for the 2024 financial year was 175.351 million euros (compared to 293.83 million euros in 2023 financial year). One-time significant transactions impacting the net profit calculation for the 2023 financial year included the effects related to the acquisition of the Latvian gas distribution network company, Gaso.

    The consolidated operating profit for the 2024 financial year was 77.025 million euros (compared to 123.628 million euros in the 2023 financial year).

    Investments

    Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began constructing a biogas plant next to the farm for local gas production. Infortar invested 110 million euros in purchasing Tallink shares, increasing its shareholding in Tallink to 68,5%.

    Infortar subsidiary Elenger signed a 120 million euros agreement with the German energy group EWE AG to acquire EWE Group’s entire Polish business. The transaction includes the natural gas distribution network in Western Poland as well as all energy sales operations.

    In the fourth quarter Infortar Group’s total investments amounted to approximately 140 million euros, reaching 279 million euros over twelve months.

    Financing

    Loan and lease liabilities amounted to 1 223.287 million euros in 2024 financial year (compared to 441.16 million euros in 2023 financial year). Significant increase in the 2024 financial year is primarily due to the line-by-line consolidation of Tallink Grupp, which resulted in the full inclusion of Tallink’s liabilities among the group’s obligations. Proportionally to the growth in assets, Infortar’s net debt increased by 701.663 million euros, reaching 1 055.708 million euros (compared to 354,045 million euros in 2023 financial year). The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per finiancial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results. According to the proposal, the first payout is planned to be made no later than July, and the second payout in December 2025. The dividend consists of three parts:

    1 euro per share, as per the dividend policy.

    Carried-over dividend from AS Tallink Grupp, which is rounded upwards.

    Additional dividend based on the high deliveries of the financial results in 2024.

    AS Infortar has a total of 21,166,239 shares, of which 722 610 are company´s own shares. Dividends are therefore paid for 20,443,629 shares, which amounts to approximately 61 million euros.

    Consolidated statement of profit or loss and other comprehensive income

    (in thousands of EUR) Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Revenue 446 168 337 734 1 371 775 1 084 626
    Cost of goods (goods and services) sold -411 237 -295 439 -1 243 033 -934 811
    Write-down of receivables -60 -60 -113 -342
    Gross profit 34 871 42 235 128 629 149 473
    Marketing expenses -12 459 -511 -21 086 -1 620
    General administrative expenses -22 759 -9 522 -50 438 -22 085
    Profit (loss) from biological assets -156 0 -139 0
    Profit (loss) from the change in the fair value of the investment property -6 749 -4 074 -9 640 -4 074
    Unsettled gain/loss on derivative financial instruments 2 098 902 26 672 1 969
    Other operating revenue -767 1 458 4 682 2 523
    Other operating expenses -871 -1 521 -1 655 -2 558
    Operating profit -6 792 28 967 77 025 123 628
             
    (in thousands of EUR) Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Profit (loss) from investments accounted for by equity method 846 1 938 22 974 39 639
    Financial income and expenses        
    Other financial investments 269 54 72 789 -4
    Interest expense -13 808 -8 569 -38 274 -22 573
    Interest income 760 465 4 979 2 765
    Profit (loss) from changes in exchange rates -56 -13 100 -173
    Other financial income and expenses 16 287 -58 15 892 159 158
    Total financial income and expenses 3 452 -8 121 55 486 139 173
    Profit before tax -2 494 22 784 155 485 302 440
    Corporate income tax -9 494 1 422 19 866 -8 610
    Profit for the financial year -11 988 24 206 175 351 293 830
    including:        
    Profit attributable to the owners of the parent company -11 188 24 232 172 934 293 778
    Profit attributable to non-controlling interest -800 -26 2 417 52
             
    Other comprehensive income     12 months 2024 12 months 2023
    Revaluation of risk hedging instruments -46 786 -58 233
    Exchange rate differences attributable to foreign subsidiaries 53 -42
    Total of other comprehensive income -46 733 -58 275
    Total income, including:     128 618 235 555
    including:        
    Comprehensive profit attributable to the owners of the parent company 126 201 235 503
    Comprehensive profit attributable to non-controlling interest 2 417 52
    Ordinary earnings per share (in euros per share) 8,46 14,26
    Diluted earnings per share (in euros per share) 8,16 14,10

    Consolidated statement of financial position

    (in thousands of EUR) 31.12.24 31.12.23
    Current assets    
    Cash and cash equivalents 167 579 87 115
    Short term financial investments 1 0
    Derivative financial assets 8 333 28 728
    Settled derivative receivables 676 5 958
    Other prepayments and receivables 155 351 162 575
    Prepayments for taxes 3 831 925
    Trade and other receivables 38 517 20 185
    Prepayments for inventories 2 498 3 493
    Inventories 215 914 146 884
    Biological assets 941 0
    Total current assets 593 641 455 863
         
    Non-current assets 31.12.24 31.12.23
    Investments to associates 16 603 346 014
    Long-term derivative instruments 3 214 1 125
    Long-term loans and other receivables 35 163 9 072
    Investment property 67 931 176 024
    Property, plant and equipment 1 909 458 446 748
    Intangible assets 38 874 14 366
    Right-of-use assets 47 598 11 300
    Biological assets 2 753 0
    Total non-current assets 2 121 594 1 004 649
    TOTAL ASSETS 2 715 235 1 460 512
         
    (in thousands of EUR) 31.12.24 31.12.23
    Current liabilities    
    Loan liabilities 477 162 184 259
    Rental liabilities 9 020 1 766
    Payables to suppliers 87 941 74 751
    Tax obligations 49 354 32 822
    Buyers’ advances 31 126 3 099
    Settled derivatives 8 728 1 463
    Other current liabilities 63 431 10 851
    Short term derivatives 27 704 3 659
    Total current liabilities 754 446 312 670
         
    Non-current liabilities 31.12.24 31.12.23
    Long-term provisions 9 946 8 399
    Deferred taxes 2 816 33 233
    Other long-term liabilities 43 209 30 679
    Long-term derivatives 1 471 186
    Loan-liabilities 696 670 246 410
    Rental liabilities 40 435 8 725
    Total non-current liabilities 794 547 327 632
    TOTAL LIABILITIES 1 549 013 640 302
         
    (in thousands of EUR) 31.12.24 31.12.23
    Equity    
    Share capital 2 117 2 105
    Own shares -72 -95
    Share premium 32 484 29 344
    Reserve capital 212 205
    Option reserve 6 223 3 864
    Hedging reserve* 7 455 24 118
    Unrealised currency translation differences 1 113 -39
    Employment benefit reserve -44 -44
    Retained earnings 698 914 466 140
    Net profit of the financial year 172 934 293 778
    Total equity attributable to equity holders of the Parent 921 336 819 376
    Minority interests 244 886 834
    Total equity 1 166 222 820 210
         
    TOTAL LIABILITIES AND EQUITY 2 715 235 1 460 512

    Consolidated statement of cash flows

    Cash flows from operating activities    
    (in thousands of EUR) 12 months
    2024    		 12 months
    2023
    Profit for the financial year 175 351 293 830
    Adjustments:    
    Depreciation, amortization, and impairment of non-current assets 58 611 15 581
    Change in the fair value of the investment property 9 640 4 074
    Equity profits/losses -156 863 -39 639
    Change in the value of derivatives 20 888 54 309
    Other financial income/expenses -827 -161 965
    Calculated interest expenses 38 274 22 573
    Profit/loss from non-current assets sold -953 -91
    Income from grants recognized as revenue 2 984 784
    Corporate income tax expense -19 866 8 610
    Income tax paid -10 551 -267
    Change in receivables and prepayments related to operating activities 52 022 54 539
    Change in inventories -12 830 -61 915
    Change in payables and prepayments relating to operating activities -22 278 -591
    Change in biological assets -322 0
    Total cash flows from operating activities 133 280 189 832
         
    Cash flows from investing activities 12 months
    2024    		 12 months
    2023
    Purchases of associates 0 -10 314
    Purchases of subsidiaries -155 313 -103 414
    Received dividends 20 862 0
    Given loans 1 918 6 652
    Interest gain 4 953 2 691
    Purchases Investment property -5 071 -18 304
    Purchases of property, plant and equipment -38 332 -18 143
    Proceeds from sale of property 1 559 -252
    Total cash flows used in investing activities -169 424 -141 084
         
    Cash flows used in financing activities 12 months
    2024    		 12 months
    2023
    Changes in overdraft 12 863 14 349
    Proceeds from borrowings 358 733 130 567
    Repayments of borrowings -151 790 -155 808
    Repayment of finance lease liabilities -6 222 -2 233
    Interest paid -39 153 -22 224
    Dividends paid -60 997 -15 750
    Gain from share emission 3 174 29 464
    Total cash flows used in financing activities 116 608 -21 635
      0 0
    TOTAL NET CASH FLOW 80 464 27 113
    Cash at the beginning of the year 87 115 60 002
    Cash at the end of the period 167 579 87 115
    Net (decrease)/increase in cash 80 464 27 113

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network –

  • MIL-OSI: Agillic publishes its annual results 2024 in line with preliminary results published on 6 February 2025

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 03 2025

    Copenhagen – 25 February 2025 – Agillic A/S

    Agillic has today published its annual results 2024 in line with the preliminary results published on 6 February 2025. The guidance for 2025 is also maintained.

    Christian Samsø, CEO, comments on the results: “In 2024, sales were affected by higher uncertainty and limited appetite for tech investments in the market. Client portfolio changes, driven mainly by mergers and acquisitions, where clients were forced onto other platforms as part of new global contracts and commitments, affected Agillic. However, on a positive note, several new clients chose Agillic as their customer engagement platform in 2024. In 2024, we finally closed the year-long tax credit dispute with the Danish Tax Authorities and in Agillic’s favour, positively impacting both the net result and liquidity. 2025 will undoubtedly present it’s challenges too, but with a refocused strategy and a new and committed management team, we feel confident to deliver on our ambitions for growth and profitability.”

    Key financial and SaaS highlights (DKK million)

    INCOME STATEMENT (DKK million) FY 2024 FY 2023 Change Q4 2024 Q4 2023 Change
    Revenue subscriptions 50.0 52.4 -5% 13.0 12.2 7%
    Revenue transactions 10.2 12.0 -15% 2.8 2.9 -3%
    Other revenue 0.0 0.3 -100% 0.0 0.3 -100%
    Total revenue 60.2 64.7 -7% 15.8 15.4 3%
    Gross profit  48.8 52.2 -7% 12.7 12.6 1%
    Gross margin 81% 80% – 80% 82% –
    Other operating income 0.8 0.6 33% 0.2 0.1 100%
    Employee costs -34.5 -36.8 6% -10.8 -10.8 0%
    Operational costs -14.1 -14.1 0% -2.9 -3.5 17%
    EBITDA 1.0 1.9 -47% -0.8 -1.6 50%
    Net profit -3.3 -27.5 88% -4.5 -22.4 80%
                 
    FINANCIAL POSITION            
    Cash 6.4 9.8 -35% 6.4 9.8 -35%
                 
    ARR DEVELOPMENT (DKK million)            
    ARR subscriptions 54.3 57.8 -6% 54.3 57.8 -6%
    ARR transactions 11.2 12.3 -9% 11.2 12.3 -9%
    Total ARR 65.5 70.1 -7% 65.5 70.1 -7%
    Change in ARR (DKK) -4.6 -6.6 – 2.4 -6.6 –
    Change in ARR % -7% -9% – 4% -9% –
    Reclassification between other operating income, employee costs, and operational costs is updated in 2023 figures.

     
     

    ARR
    At the end of 2024, ARR from subscriptions was DKK 54.3 million compared to DKK 57.8 million as of 2023, a decrease of DKK 3.5 million corresponding to a decrease of 6% with a decline in ARR from transactions from DKK 12.3 million to DKK 11.2 million. At the end of 2024, total ARR was DKK 65.5 million, compared to DKK 70.1 million as of 2023, a decrease of DKK 5.6 million. 

    Income statement
    The revenue from subscriptions decreased by 5% to DKK 50.0 million (2023: DKK 52.4 million) with a total revenue of DKK 60.2 million (2023: DKK 64.7 million). Gross profit was DKK 48.8 million (2023: DKK 52.2 million) with a gross profit margin of 81% (2023: 80%).

    Despite the decrease in gross profit of DKK 3.2 million as well as one-time costs for consultancy fees and severance costs of total DKK 3.1 million, EBITDA ended positive at DKK 1.0 million (2023: DKK 1.9 million).

    Cash
    As of 31 December 2024, cash at bank amounted to DKK 6.4 million compared to DKK 9.8 million as of 31 December 2023. Cash flow from operating activities increased to DKK 12.2 million (2023: DKK -6.5 million) primarily because of a reduction in working capital from trade payables, other payables, and deferred income. Cash flow from investing activities amounted to DKK -10.9 million (2023: DKK -11.7 million) primarily related to investments in developing the Agillic customer engagement platform.

    Financial guidance 2025 (unchanged)

    Revenue DKK 60-63m
    EBITDA DKK 5-8m
    ARR Subscriptions DKK 56-60m

     
      
      
    For further information, please contact:
    Christian Samsø, CEO
    +45 24 88 24 24
    Christian.samsoe@agillic.com

    Claus Boysen, CFO
    +45 28 49 18 46
    claus.boysen@agillic.com

    Certified Adviser
    HC Andersen Capital
    Pernille Friis Andersen

      
    Appendix: Financial development per quarter

    DKK million 2024   2023   2022
    INCOME STATEMENT Q4 Q3 Q2 Q1   Q4 Q3 Q2 Q1   Q4 Q3 Q2 Q1
    Revenue subscriptions 13.0 12.1 12.3 12.6   12.2 13.6 13.5 13.1   13.5 13.1 12.2 11.1
    Revenue transactions 2.8 2.7 2.5 2.2   2.9 3.0 2.9 3.2   6.0 4.8 3.3 2.6
    Other revenue 0.0 0.0 0.0 0.0   0.3 0.0 0.0 0.0   0.0 0.0 0.1 0.3
    Total revenue 15.8 14.8 14.8 14.8   15.4 16.6 16.4 16.3   19.5 17.9 15.6 14.0
    Gross profit  12.7 11.7 12.1 12.3   12.6 13.4 13.2 13.0   15.5 11.4 11.7 11.0
    Gross margin 80% 79% 82% 83%   82% 81% 80% 80%   80% 63% 75% 78%
    Other operating income 0.2 0.2 0.2 0.2   0.1 0.2 0.2 0.1   0.3 0.0 0.0 0.0
    Employee costs -10.8 -7.1 -8.0 -8.6   -10.8 -7.9 -9.4 -8.7   -9.2 -7.3 -8.0 -8.0
    Operational costs -2.9 -3.6 ½ -3.3   -3.5 -3.2 -3.0 -4.4   -5.1 -2.7 -3.7 -4.8
    EBITDA -0.8 1.2 0.0 0.6   -1.6 2.5 1.0 0.0   1.5 1.4 0.0 -1.8
    Net profit -4.5 -2.4 7.0 -3.4   -22.4 -0.4 -1.8 -2.9   -2.0 -1.2 -2.7 -4.7
                                 
    BALANCE SHEET                            
    Cash 6.4 3.7 4.4 7.2   9.8 11.5 18.3 26.9   7.4 1.8 12.6 7.5
    Total assets 44.2 42.8 45.8 51.5   47.2 64.9 69.0 75.8   52.8 54.0 58.7 55.4
    Equity -22.3 -17.8 -16.0 -23.3   -20.2 1.5 1.8 3.4   -15.0 -13.2 -12.0 -9.6
    Borrowings 19.0 19.1 21.4 24.3   23.8 23.0 24.2 25.7   24.3 23.7 26.1 26.4
                                 
    CASH FLOW                            
    Cash flow from operations 5.5 4.1 2.6 0.0   -0.6 -2.8 -4.3 1.2   7.3 -4.9 9.0 -8.3
    Cash flow from investments -2.5 -2.6 -2.7 -3.0   -2.1 -3.1 -3.2 -3.3   -3.3 -3.3 -3.7 -3.2
    Cash flow from financing -0.3 -2.2 -2.7 0.4   1.0 -0.9 -1.1 21.6   1.6 -2.6 -0.2 -1.6
    Net cash flow 2.7 -0.7 -2.8 -2.6   -1.7 -6.8 -8.6 19.5   5.6 -10.8 5.1 -13.1
                                 
    EMPLOYEES & CLIENTS                        
    Employees end of period 42 40 39 41   50 50 50 46   48 47 51 47
    Clients end of period 118 114 113 116   122 120 120 118   118 111 108 105
                                 
    ARR & SAAS METRICS                        
    ARR subscriptions 54.3 52.5 51.7 52.2   57.8 56.8 54.9 54.2   54.1 50.3 49.6 48.5
    ARR transactions 11.2 10.6 10.0 8.9   12.3 12.1 11.5 17.3   22.6 19.6 14.6 10.3
    Total ARR 65.5 63.1 61.7 61.1   70.1 68.9 66.4 71.5   76.7 69.9 64.2 58.8
    Change in ARR (DKK) 2.4 1.4 0.6 -9.0   1.2 2.5 -5.1 -5.2   6.8 5.7 5.4 3.1
    Change in ARR % 4% 2% 1% -13%   2% 4% -7% -7%   10% 9% 9% 6%
    Average ARR 0.6 0.6 0.5 0.5   0.6 0.6 0.6 0.6   0.6 0.6 0.6 0.6
    Yearly CAC 0.5         0.3         0.1      
    Months to recover CAC 12         7         3      

    Definitions

    • Cash is defined as available funds less bank overdraft withdrawals.
    • ARR: the annualised value of subscription agreements and transactions at the end of the actual reporting period.
    • Average ARR: the average Total ARR per client.
    • Customer Acquisition Costs (CAC): the sales and marketing costs (inclusive of salaries, commissions, direct and share of costs of office) divided by the number of new clients. CAC is calculated end of year.
    • Months to recover CAC: the period in months it takes to generate sufficient gross profit from a client to cover the acquisition cost.

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk, which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Denmark: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com.  

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    The MIL Network –

  • MIL-OSI: BlackLine Expands Bengaluru Operations to Drive Global Growth and Innovation

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Feb. 25, 2025 (GLOBE NEWSWIRE) — BlackLine, Inc. (Nasdaq: BL), the intelligent financial data platform that powers the modern Office of the CFO, announced today the expansion of its presence in Bengaluru, India, reinforcing its commitment to global growth, operational scalability, and continuous, best-in-class customer support.

    Scaling to Meet Growing Demand

    Since establishing operations in Bengaluru in 2022, BlackLine has steadily expanded its teams in the region to meet increasing demand for its solutions. The new 50,000-square-foot office strengthens BlackLine’s ability to provide continuous service, accelerate product development, enhance operational efficiencies, and support coverage across multiple time zones.

    “Our Bengaluru expansion represents a critical step in our continued commitment to scaling our global operations and enhancing support for customers worldwide,” said Therese Tucker, Founder and co-CEO at BlackLine. “India’s deep talent pool and thriving technology ecosystem make it an ideal location to drive innovation, expand our capabilities, and accelerate our global impact to meet growing customer demand.”

    Enhancing Innovation and Customer Support

    The expanded facility includes a Network Operations Center (NOC) to enhance system monitoring and support BlackLine’s global infrastructure, strengthening the company’s already-leading ability to provide real-time assistance to customers across different regions. The space also serves as a hub for BlackLine’s engineering, customer success, and operations teams, fostering greater collaboration and agility in delivering new solutions.

    “Bengaluru has been an essential part of BlackLine’s global strategy, and this new office reflects our commitment to innovation and operational excellence,” said Raghu Dwarakanath, Managing Director, India. “With this expansion, we are better positioned to enhance customer engagement, drive product advancements, and strengthen our ability to support finance and accounting teams as they transform their financial operations.”

    Customer Perspective: Strengthening Local Support & Innovation

    Leading organizations in the region are already seeing the benefits of BlackLine’s expanded presence.

    “With BlackLine’s expanded presence in Bengaluru, we look forward to even greater collaboration, faster innovation, and stronger local support to drive our finance transformation efforts”, said Mr. Narottam Sharma, CIO, Jubilant FoodWorks.”

    Commitment to Global Growth

    The launch of the Bengaluru office marks the latest step in BlackLine’s broader strategy to strengthen its global presence and innovation capabilities. With an expanded footprint in India, the company is well-positioned to drive customer success, accelerate product innovation, scale its world-class support, and further its mission to inspire, power, and guide digital finance transformation worldwide.

    About BlackLine

    BlackLine is the intelligent financial data platform that powers the modern Office of the CFO. As the central nervous system for financial data, BlackLine seamlessly connects systems, automates workflows, and orchestrates the complex flow of financial information across the enterprise. By transforming raw transactions into strategic insights, BlackLine empowers finance & accounting teams to achieve future-ready financial operations that are accurate, efficient, and intelligent.

    Media Contact

    Samantha Darilek
    VP, Communications
    P. 877-777-7750
    E: samantha.darilek@blackline.com

    The MIL Network –

  • MIL-OSI: Inbank unaudited financial results for Q4 and 12 months of 2024

    Source: GlobeNewswire (MIL-OSI)

    In 2024, Inbank exhibited strong growth in total net income and net profit, and completed a landmark significant risk transaction (SRT) with the European Investment Bank Group (EIB). 

    • In 2024, total net income reached 75.5 million euros, increasing by 26% year-on-year, driven by expanding margins and growing portfolio volumes across both the Baltics and CEE regions.
    • The consolidated net profit for the year amounted to 12.2 million euros, growing 20% year-on-year and return on equity (ROE) was 9%. These results were impacted by one-off items, including a 2.46 million euro cost from closing Inbank’s credit card business, 1.34 million euros in capitalised growth advisory and capital raising fees, and extraordinary profit of 0.66 million euros from the sale of stake in financial technology start-up Paywerk. Excluding all these one-off items, Inbank’s normalised net profit for the year grew by 51% year-on-year to 15.4 million euros, resulting in a normalised ROE of 11.3%.  
    • The loan and rental portfolio reached 1.15 billion euros increasing 11% year-on-year, while the deposit portfolio grew by 8% to 1.17 billion euros. At the end of 2024, Inbank’s total assets stood at 1.44 billion euros growing 9% year-on-year.
    • In 2024, Inbank reached a record sales volume of 715 million euros and the company’s Gross Merchandise Value (GMV) grew by 4%. 
    • In 2024, Inbank’s car finance portfolio became the largest product segment growing by 43% to 350 million euros. In terms of GMV the merchant solutions remain Inbank’s largest sales engine, delivering 255 million euros of new volume. Buy-now-pay-later (BNPL) nearly tripled its sales year-on-year to 45 million euros, becoming a mainstream product among Baltic online merchants and PSPs.
    • In 2024 Inbank increased the Effective Interest Rate (EIR) on the portfolio from 10.80% in 2023 to 11.28% in 2024. During the year, Inbank’s funding cost slightly decreased to 4.40% compared to 4.46% a year earlier. As a result, total income margin reached 5.37%, a 23 basis point improvement from 2023.
    • Despite high inflation and a higher interest rate burden for customers over the last couple of years, Inbank’s credit quality has remained stable. The impairment losses to the average credit portfolio increased slightly to 1.65%, which is mostly related to changes in the company’s provisioning methodology.
    • By the end of 2024, Inbank had 872,000 active customer contracts and over 6,000 active retail partners. 

    Results for Q4 2024

    • In Q4 2024, total net income reached a record 20.7 million euros increasing by 28% year-on-year. 
    • The net profit for Q4 declined to 1.4 million euros, which is lower 50% year-on-year, impacted by extraordinary expenses due to closure of credit card business and write-off of advisory fees. The quarterly ROE was 3.7%. However, normalized net profit, excluding one-off items, reached 4.4 million euros, demonstrating a 59% year-on-year growth. The quarterly normalized ROE was 11.9%.
    • The GMV for Q4 reached 191 million euros, marking a 14% increase year-on-year. Quarterly sales growth was primarily driven by the car finance segment, which reached 58.1 million euros, marking a 46% year-on-year increase. Rental services, led by full-service car rentals, also showed strong growth, rising 36% to a quarterly GMV of 21.1 million euros. Merchant solutions remained Inbank’s largest sales segment, with a GMV of 64.2 million euros, although declining 10% year-on-year. 
    • As a result of consistent repricing efforts, Inbank’s loan portfolio EIR reached to 11.63%, compared to 10.83% a year ago. Also, as interest rates declined throughout the year, Inbank’s Q4 funding cost decreased to 4.28% from 4.58% a year ago. Over the year, the company’s margins improved by 70 basis points, with net interest margin rising to 5.77% and the total income margin, which includes rental business, reached 5.63%.  
    • In Q4, Inbank’s impairment losses stood at 2.01%, primarily influenced by slight adjustments in impairment loss modeling methodology during Q3 and Q4. Despite these changes, the underlying portfolio quality remains stable, with no significant changes in the distribution of overdue days compared to previous periods. 

    Priit Põldoja, Chairman of the Management Board, comments on the results:

    “Inbank closed 2024 with a record revenue and sales result. Our GMV for the fourth quarter ended on a strong note, reaching an all-time sales record of 191 million euros, marking a 14% increase year-on-year. We also achieved a record quarterly total income of 20.7 million euros, up 28% from the same period last year. 

    For the full year Inbank recorded a net profit of 12.2 million euros in 2024, which is 20% higher than a year earlier. These results include several one-off events which impacted our annual profit significantly. During the year we focused on improving margins and streamlined our product portfolio by exiting credit card business. Without one-off events Inbank profit increased by 51% to 15.4 million euros. 

    In November, Inbank signed a synthetic securitization transaction with the European Investment Bank Group (EIB). The 147 million euro deal was backed by Inbank’s solar panel loans to private individuals in Poland, marking the first transaction of its kind in the Polish market. This initiative provided Inbank with 11 million euros in CET1 capital relief at the time of execution. Combined with the equity rise in August, Inbank has significantly strengthened its capital base to support future growth.

    As a result of the work done during 2024, Inbank business is more focused, our organization is better aligned and our capital base is stronger entering 2025. In anticipation of a more favorable interest rate environment, and growing consumer confidence in our key markets, we remain committed to driving growth and improving our financial performance in coming years.”

    Key financial indicators as of 31.12.2024 and for Q4

    Total assets EUR 1.44 billion 
    Loan and rental portfolio EUR 1.15 billion 
    Deposit portfolio EUR 1.17 billion 
    Total equity EUR 148 million
    Net profit EUR 1.4 million
    Return on equity 3.7%

    Consolidated income statement (in thousands of euros)

      Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Interest income calculated using effective interest method 32,495 27,249 121,441 98,723
    Interest expense -13,662 -12,841 -53,949 -45,331
    Net interest income 18,833 14,408 67,492 53,392
             
    Fee and commission income 51 114 366 473
    Fee and commission expenses -1,053 -1,137 -4,690 -4,199
    Net fee and commission income/expenses -1,002 -1,023 -4,324 -3,726
             
    Rental income 9,004 6,869 32,435 23,905
    Sale of assets previously rented to customers 3,735 3,571 15,849 14,155
    Other operating income -762 220 42 769
    Cost of rental services -5,729 -4,808 -21,107 -15,896
    Cost of assets sold previously rented to customers -3,558 -3,303 -15,243 -12,556
    Net rental income/expenses 2,690 2,549 11,976 10,377
             
    Net gains/losses from financial assets measured at fair value 186 -90 9 -14
    Foreign exchange rate gain/losses -17 341 365 128
    Net gain/losses from financial items 169 251 374 114
             
    Total net interest, fee and other income and expenses 20,690 16,185 75,518 60,157
             
    Personnel expenses -5,260 -4,476 -19,986 -16,628
    Marketing expenses -885 -848 -3,071 -3,266
    Administrative expenses -5,263 -2,960 -14,547 -11,033
    Depreciations, amortization -2,807 -1,406 -8,513 -6,007
    Total operating expenses -14,215 -9,690 -46,117 -36,934
             
    Share of profit from associates 0 -72 663 250
    Impairment losses on loans and receivables -5,197 -3,235 -16,355 -13,203
    Profit before income tax 1,278 3,188 13,709 10,270
             
    Income tax 100 -412 -1,497 -68
    Profit for the period 1,378 2,776 12,212 10,202
             
    Other comprehensive income that may be reclassified subsequently to profit or loss        
    Currency translation differences -16 -403 -288 -415
    Total comprehensive income for the period 1,362 2,373 11,924 9,787

    Consolidated statement of financial position (in thousands of euros)

      12/31/24 12/31/23
    Assets    
    Cash and cash equivalents 153,191 172,921
    Mandatory reserves at central banks 25,156 21,020
    Investments in debt securities 46,724 33,581
    Financial assets measured at fair value through profit or loss 27 79
    Loans and receivables 1,041,542 942,056
    Investments in associates 0 141
    Other financial assets 4,569 5,268
    Tangible fixed assets 98,069 75,206
    Right of use assets 20,551 26,716
    Intangible assets 31,560 30,906
    Other assets 9,718 8,185
    Deferred tax assets 4,707 4,505
    Total assets 1,435,814 1,320,584
         
    Liabilities    
    Customer deposits 1,171,359 1,081,566
    Financial liabilities measured at fair value through profit or loss 503 50
    Other financial liabilities 59,135 60,927
    Current tax liability 62 311
    Deferred tax liability 533 204
    Other liabilities 4,620 3,691
    Subordinated debt securities 52,046 49,745
    Total liabilities 1,288,258 1,196,494
         
    Equity    
    Share capital 1,152 1,086
    Share premium 54,849 43,563
    Statutory reserve 109 103
    Other reserves 1,329 1,543
    Retained earnings 90,117 77,795
    Total equity 147,556 124,090
         
    Total liabilities and equity 1,435,814 1,320,584

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 6,000 merchants, Inbank has 872,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    The MIL Network –

  • MIL-OSI: Dassault Systèmes Announces Centric Software’s Acquisition of AI-Powered PXM Solution, Contentserv

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    VELIZY-VILLACOUBLAY, France — February 25, 2025

    Dassault Systèmes Announces Centric Software’s Acquisition of AI-Powered PXM Solution, Contentserv

    • Contentserv provides the all-in-one cloud-based platform for PIM, DAM, Content Syndication and Digital Shelf Analytics (DSA)
    • Platform enables FMCG companies to craft and optimize product content to reduce time to market, increase product sell-through and curate personalized consumer experiences

    Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that its subsidiary Centric Software, the Product Lifecycle Management (PLM) market leader, has signed an agreement to acquire Contentserv, a leading provider of product information management (PIM) and product experience management (PXM) solutions for an enterprise value
    of €220 million. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, price and sell products such as apparel, fashion, home, footwear, sporting goods, consumer electronics, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.

    Founded in Germany in 2000, Contentserv enables fast-moving consumer goods and other companies to create and manage product content intuitively and effectively by means of AI to optimize consumer experiences across all digital sales channels. With Contentserv solutions, retailers, brands and manufacturers are able to execute strategies such as more or simply better product offers, regions and sales channels for increased product sell-through.

    With over 1600 customers in 90 countries, Contentserv users have reported ROI such as a 30% reduction in time to market, 70% faster catalog creation, 75% more accurate product information and increased sales channel coverage in more languages.

    Fashion and consumer goods brands and retailers continue to pivot around changing consumer trends and constantly evolving stock keeping units (SKUs) while also diversifying sales channels including own-stores, own e-commerce sites, marketplaces and social media. Harnessing and leveraging product information from inception through to commercialization are critical steps that not only reduce time to market, improve market success and also ensure accuracy for compliance labeling. Consumer loyalty is also increased via contextualized and personalized brand experiences.

    “At Contentserv, we don’t just manage product data – we transform it into seamless, high-converting product experiences that drive revenue,” explained Michael Kugler, CEO of Contentserv. “This data flows in from multiple sources and formats and consumers expect accurate, rich and engaging product experiences, anytime, anywhere and across every conceivable channel and touchpoint.   “Manufacturers and retailers strive to continuously refine and optimize product presentation based on insights from consumers, competitors and marketplaces. Contentserv meets these challenges with our AI-powered Product Experience Cloud (PXC), transforming product data into real revenue.”

    “We are thrilled to welcome Contentserv to the Centric Software family. Both companies share a customer-focused, innovation culture,” said Chris Groves, CEO of Centric Software. “By integrating Contentserv into the Centric family of solutions – from PLM to planning to competitive market intelligence, pricing & inventory optimization and visual boards – brands, retailers and manufacturers can seamlessly turn product content into enriched, market-ready experiences that drive engagement and conversion. In today’s competitive market, time-to-market and product experience go hand-in-hand. Together with Contentserv, our joint innovations will ensure that the moment a product is developed, it’s enriched, optimized and ready to convert.”

    The transaction is due to close in the coming weeks subject to regulatory approval and other customary conditions for a transaction of this nature.

    ###

    FOR MORE INFORMATION

    Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

    ABOUT DASSAULT SYSTÈMES

    Dassault Systèmes is a catalyst for human progress.  Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens.  With Dassault Systèmes’ 3DEXPERIENCE platform, 350,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact.  For more information, visit:  www.3ds.com

    Dassault Systèmes Press Contacts
    Corporate / France        Arnaud MALHERBE        arnaud.malherbe@3ds.com        +33 (0)1 61 62 87 73
    North America        Natasha LEVANTI        natasha.levanti@3ds.com        +1 (508) 449 8097
    EMEA        Virginie BLINDENBERG        virginie.blindenberg@3ds.com        +33 (0) 1 61 62 84 21
    China        Grace MU        grace.mu@3ds.com        +86 10 6536 2288
    Japan        Reina YAMAGUCHI        reina.yamaguchi@3ds.com        +81 90 9325 2545
    Korea        Jeemin JEONG        jeemin.jeong@3ds.com        +82 2 3271 6653
    India        Priyanka PANDEY        priyanka.pandey@3ds.com        +91 9886302179

    Attachment

    The MIL Network –

  • MIL-OSI: Intchains Group Limited to Present at the 37th Annual ROTH Conference

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 24, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions, including altcoin mining products, strategic acquisition and holding of ETH-based cryptocurrencies, and the active development on innovative Web3 applications, today announces that Company CFO Charles Yan, will be presenting at the 37th Annual ROTH Conference.

    Event 37th Annual ROTH Conference
    Date March 16~18, 2025
    Location Dana Point, CA, United States

    This year’s event will consist of 1-on-1 / small group meetings, analyst-selected fireside chats, industry keynotes and panels with executive management attending from approximately 450 private and public companies in a variety of growth sectors including: Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability and Technology, Media & Entertainment.

    To learn more and submit a registration request, visit https://ibn.fm/Roth2025Registration

    About Intchains Group Limited

    Intchains Group Limited is a provider of integrated solutions, including altcoin mining products, strategic acquisition and holding of ETH-based cryptocurrencies, and the active development on innovative Web3 applications. For more information, please visit the Company’s website at: https://intchains.com/.

    About ROTH

    ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. Their full service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, ROTH is a privately-held, employee owned organization and maintains offices throughout the U.S. For more information, please visit www.roth.com.

    Contacts:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    Redhill

    Belinda Chan
    Tel: +852-9379-3045
    Email: belinda.chan@creativegp.com

    The MIL Network –

  • MIL-OSI: DMG Blockchain Solutions Inc. Announces MOU to Purchase 10-Megawatt Data Center Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 24, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, announces it has signed a memorandum of understanding (MOU) with an undisclosed counterparty (“Counterparty”) to purchase the infrastructure for a prefabricated 10-megawatt air-cooled data center (“PDC”) that meets Sensitive Compartmented Information Facility (SCIF) specifications (which is generally a military requirement) for its deployment of Generative Artificial Intelligence (Gen AI) computation facilities. DMG and Counterparty have agreed to work towards a definitive agreement within the next 90 days, during which time DMG will perform its due diligence as a follow-up to its already performed initial inspection of the PDC at Counterparty’s site. DMG will issue an additional news release related to the final structure and terms of the potential transaction, and other material information if and when it becomes available.

    Upon execution of the definitive agreement, DMG would pay Counterparty for the PDC US$5 million as an upfront payment and the balance of the to-be-agreed-upon price based on future DMG revenue resulting from Gen AI computing off-take agreements as part of vendor financing being offered to DMG. Revenue from off-take agreements may be derived from either GPUs that DMG purchases or the colocation of customer-purchased GPUs. DMG is currently focused on securing off-take agreements, which may be sourced from entities that require SCIF requirements, such as federal government agencies/departments, non-governmental entities (potentially with enterprise SCIF requirements), Counterparty and/or with other parties with whom the Company has a relationship to develop Gen AI business opportunities, which may be outside of Canada.

    DMG intends to deploy the PDC at one or more locations, as the PDC can be partitioned into smaller units due to its modular nature. While the infrastructure forms the basis for a Gen AI data center, it does not include medium-voltage power distribution, battery storage or backup power generation, the configuration and amount of which have yet to be determined. Additionally, the PDC is not facilitated with computing, networking nor storage systems, all of which will need to be installed to realize revenue from off-take agreements.

    DMG’s CEO Sheldon Bennett stated, “This MOU catalyzes our entry into Generative AI in a very meaningful way. Not only does the PDC shorten our time to deployment by at least a year, but it also gives us the needed credibility as a new AI entrant to secure off-take agreements in a timely manner. Given the SCIF (military-grade) nature of the infrastructure, we will be focused on off-take opportunities that prioritize this need, as we believe we can garner a revenue premium for offering this capability. This MOU also enables us to proceed with our Gen AI strategy in a most-capital efficient manner, helping us to maximize our return to shareholders.”

    About DMG Blockchain Solutions Inc.

    DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move bitcoin in a sustainable and regulatory-compliant manner.

    For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
    Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

    For further information, please contact:

    On behalf of the Board of Directors,

    Sheldon Bennett, CEO & Director
    Tel: +1 (778) 300-5406
    Email: investors@dmgblockchain.com
    Web: www.dmgblockchain.com

    For Investor Relations:
    investors@dmgblockchain.com

    For Media Inquiries:
    Chantelle Borrelli
    Head of Communications
    chantelle@dmgblockchain.com

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

    Cautionary Note Regarding Forward-Looking Information

    This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include the execution of a definitive agreement for the MDC and the timing thereof, the expected benefits and outcomes of the MDC including the potential Gen AI computing off-take agreements, the Company’s strategy for growth, the planned monetization of certain product and service offerings, developing and executing on the Company’s products, services and business plans, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

    Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

    Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

    The MIL Network –

  • MIL-OSI: Nasdaq, Inc. Announces Early Results of Cash Tender Offers for Up to $218 Million Outstanding Debt Securities

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) announced today the early results of its previously announced offers to purchase for cash up to an aggregate principal amount of $218,053,000 (the “Aggregate Notes Cap”) (reflecting an $18,053,000 increase from the previously announced cap of $200,000,000) of its outstanding Notes, comprised of (i) up to $41,360,000 aggregate principal amount (the “2028 Notes Cap”) of the Company’s 5.350% Senior Notes due 2028 (the “2028 Notes”), (ii) up to $57,583,000 aggregate principal amount (the “2034 Notes Cap”) of the Company’s 5.550% Senior Notes due 2034 (the “2034 Notes”) and (iii) up to $119,110,000 aggregate principal amount (the “2052 Notes Cap”) of the Company’s 3.950% Senior Notes due 2052 (the “2052 Notes”). The 2028 Notes, the 2034 Notes and the 2052 Notes are referred to collectively herein as the “Notes,” such offers to purchase are referred to collectively herein as the “Tender Offers” and each a “Tender Offer,” and the 2028 Notes Cap, the 2034 Notes Cap and the 2052 Notes Cap are referred to collectively herein as the “Series Notes Caps” and each a “Series Notes Cap.” The Tender Offers are being made upon the terms and subject to conditions described in the Offer to Purchase, dated February 10, 2025 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth a detailed description of the Tender Offers. The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.

    As of 5:00 p.m., New York City time, on February 24, 2025 (such date and time, the “Early Tender Date”), according to information provided by D.F. King & Co., Inc., the tender and information agent for the Tender Offers, the aggregate principal amount of each series of Notes listed in the table below has been validly tendered and not validly withdrawn in each Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Date.

      Title of
    Security    		 Security
    Identifiers    		 Principal Amount
    Outstanding    		 Series Notes Cap Principal
    Amount
    Tendered at
    Early Tender
    Date    		 Principal
    Amount
    Accepted    		 Approximate
    Proration
    Factor
    2028
    Tender
    Offer    		 5.350%
    Senior
    Notes
    due 2028    		 CUSIP:
    63111X AH4
    ISIN:
    US63111XAH44    		 $921,360,000 $41,360,000 $356,599,000 $41,360,000 12%
    2034
    Tender
    Offer    		 5.550%
    Senior
    Notes
    due 2034    		 CUSIP:
    63111X AJ0
    ISIN:
    US63111XAJ00    		 $1,187,583,000 $57,583,000 $448,646,000 $57,583,000 13%
    2052
    Tender
    Offer    		 3.950%
    Senior
    Notes
    due 2052    		 CUSIP:
    631103 AM0
    ISIN:
    US631103AM02    		 $549,105,000 $119,110,000 $244,562,000 $119,110,000 49%

    All conditions were satisfied or waived by the Company at the Early Tender Date. The Company has elected to exercise its right to make payment for Notes that were validly tendered on or prior to the Early Tender Date and that are accepted for purchase on February 27, 2025 (the “Early Settlement Date”).

    The Tender Offers for the Notes will continue to expire at 5:00 p.m., New York City time, on March 11, 2025, or any other date and time to which the Company extends the applicable Tender Offer, unless earlier terminated.

    As the aggregate principal amount of the Notes validly tendered and not validly withdrawn on or prior to the Early Tender Date exceeds the Aggregate Notes Cap, the Company will accept for purchase the Notes on a prorated basis and will not accept for purchase any Notes validly tendered after the Early Tender Date. The applicable consideration (the “Total Consideration”) for each $1,000 principal amount of the Notes validly tendered (and not validly withdrawn) on or prior to the Early Tender Date and accepted for purchase pursuant to each Tender Offer will be calculated in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such Notes plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security at 10:00 a.m., New York City time, on February 25, 2025 (the “Price Determination Date”) (excluding Accrued Interest (as defined below)). The Total Consideration includes an early tender premium of $30.00 per $1,000 principal amount of Notes accepted for purchase (the “Early Tender Premium”).

    In addition to the consideration described above, all holders of Notes accepted for purchase in the Tender Offers will receive accrued and unpaid interest on such Notes from the last interest payment date with respect to such Notes to, but not including, the Early Settlement Date (“Accrued Interest”).

    Promptly after the Price Determination Date, the Company will issue a press release specifying, among other things, the Total Consideration for each series of Notes.

    The Company intends to fund the purchase of validly tendered and accepted Notes with available cash on hand and other sources of liquidity.

    Information Relating to the Tender Offers

    The complete terms and conditions of the Tender Offers are set forth in the Offer to Purchase. J.P. Morgan Securities LLC is serving as dealer manager in connection with the Tender Offers. Investors with questions regarding the terms and conditions of the Tender Offers may contact the dealer manager as follows:

    J.P. Morgan Securities LLC
    383 Madison Avenue
    New York, New York 10179
    United States
    Attention: Liability Management Group
    U.S. Toll-Free: (866) 834-4666
    Collect: (212) 834-7489

    D.F. King & Co., Inc. is the Tender and Information Agent for the Tender Offers. Any questions regarding procedures for tendering Notes or request for copies of the Offer to Purchase should be directed to D.F. King & Co., Inc. by any of the following means: by telephone at (866) 342-4881 (toll-free) or (212) 269-5550 (collect) or by email at nasdaq@dfking.com.

    This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders with respect to, the Notes. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Tender Offers are being made solely pursuant to the Offer to Purchase made available to holders of the Notes. None of the Company or its affiliates, their respective boards of directors, the dealer manager, the tender and information agent or the trustee with respect to any series of Notes is making any recommendation as to whether or not holders should tender or refrain from tendering all or any portion of their Notes in response to the Tender Offers. Holders are urged to evaluate carefully all information in the Offer to Purchase, consult their own investment and tax advisors and make their own decisions whether to tender Notes in the Tender Offers, and, if so, the principal amount of Notes to tender.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence.

    Cautionary Note Regarding Forward Looking Statements

    This press release contains forward-looking information that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. When used in this communication, words such as “enables,” “intends,” “will,” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this press release include, among other things, statements about the proposed Tender Offers and the expected source of funds. Risks and uncertainties include, among other things, risks related to the ability of Nasdaq to consummate the Tender Offers on the terms and timing described herein, or at all, Nasdaq’s ability to implement its strategic vision, initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time and available at www.sec.gov. These documents are also available under the Investor Relations section of the Company’s website at http://ir.nasdaq.com. The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.

    Media Relations Contacts:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Nick Eghtessad
    +1.929.996.8894
    Nick.Eghtessad@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    NDAQF

    The MIL Network –

  • MIL-OSI: Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) — Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.

    The Company expects to use a portion of the net proceeds from the Offering to fund the repurchase from the Company’s joint venture partner of all of the outstanding preferred equity in Targa Badlands LLC, the entity that holds all of the Company’s North Dakota assets, for approximately $1.8 billion in cash (the “Badlands Transaction”). The Company expects the Badlands Transaction to close in the first quarter of 2025, subject to customary closing conditions, with an effective date of January 1, 2025. The closing of the Offering is not contingent on the consummation of the Badlands Transaction. The Company expects to use the remaining net proceeds from the Offering for general corporate purposes, including to repay borrowings under its unsecured commercial paper note program (the “Commercial Paper Program”). If the Company does not complete the Badlands Transaction, the Company expects to use the net proceeds from the Offering for general corporate purposes, including to repay borrowings under the Commercial Paper Program, repay other indebtedness, for capital expenditures, for additions to working capital and for investments in its subsidiaries.

    This Offering is being made pursuant to an effective shelf registration statement and prospectus filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) and may be made only by means of a prospectus and prospectus supplement related to such Offering meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”). This announcement shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, except as required by law.

    About Targa Resources Corp.

    Targa Resources Corp. (NYSE: TRGP) is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires, and develops a diversified portfolio of complementary domestic infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and natural gas liquids (“NGL(s)”) to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to liquified petroleum gas exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

    The principal executive offices of Targa Resources Corp. are located at 811 Louisiana, Suite 2100, Houston, TX 77002, and its telephone number is 713-584-1000.

    Forward-Looking Statements

    Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including the closing of the Badlands Transaction and the expected closing date and use of proceeds from the Offering. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, those described more fully in the Company’s filings with the SEC, including its most recent Annual Report on Form 10-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    Targa Investor Relations
    InvestorRelations@targaresources.com
    (713) 584-1133

    The MIL Network –

  • MIL-OSI: BitMart Research: BNB Chain’s Rise and the Activation of the MEME Track Competition Landscape

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, Feb. 24, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a detailed report on BNB Chain’s recent rise and the competitive MEME token landscape. This report explores BNB Chain’s strategic initiatives, its growing influence in the MEME sector, and the implications for investors, developers, and the broader crypto ecosystem.

    I. BNB Chain’s Three Major Strategies: CZ Traffic Diversion, Infrastructure Optimization, and Wealth Effect Creation

    In the context of a sluggish overall market, CZ successfully brought a new wave of traffic and market discussion to BNB Chain. The recent surge in popularity of BNB Chain is largely attributed to CZ’s continuous topic creation through high-frequency Twitter interactions and controversial token listing decisions, such as TST and Broccoli events, which generated FOMO emotions and attracted investors’ attention, thereby driving traffic to BNB Chain.
    Simultaneously, BNB Chain announced its development plans for 2025, further creating an environment for users to trade MEME tokens. Notably, BNB Chain has made significant upgrades in Gas fees, including reducing Gas fees, supporting multiple tokens for Gas payments, and introducing a feature that allows project teams to sponsor users’ Gas fees. These measures aim to lower the barriers for users to enter the Web3 ecosystem and enhance user experience.

    II. Recent Major Events in BNB Chain

    1. TST: From a Teaching Token to a Market FOMO Wave
      On February 6, the BNB Chain team accidentally exposed the contract address of the example token TST in a teaching video on the Four.meme platform. Chinese community KOLs quickly hyped it, causing its market capitalization to soar from less than 500K to52 million. Despite CZ clarifying multiple times that TST was not an official token and that the team did not hold any shares, market enthusiasm continued to rise. On February 9, Binance announced the listing of TST spot and futures trading, and its market capitalization surged 100 times in just three days, breaking through $500 million, becoming a “star asset” in the BNB Chain ecosystem. After this event, BNB Chain’s popularity briefly surpassed Solana, and Four.meme’s traffic surged, becoming one of the core platforms for MEME token issuance.

    2. BNB Chain Announces 2025 Strategic Roadmap
    On February 11, CZ stated that it was time for the BNB Chain to break free from constraints. Subsequently, on February 12, BNB Chain announced its 2025 ecosystem construction goals, revealing several network upgrades. Following this announcement, BNB broke through 640,reaching peak 725, significantly increasing market enthusiasm.

    • Low Latency and High Throughput: Plans to reduce block generation time from 3 seconds to less than 1 second while maintaining the ability to process 100 million transactions per day, enhancing Web3 speed, smoothness, and scalability.
    • Gas Fee-Free Transaction Mechanism: Introducing BNB Chain Paymaster, allowing users to pay Gas fees with any BEP-20 token (not BNB or stablecoins) and introducing a corporate sponsorship Gas model, similar to SUI and Aptos.
    • Anti-MEV Protection Mechanism: To address the over $1.3 billion in MEV losses in 2024, BNB Chain will hide transaction details until block confirmation to combat sandwich attacks and front-running robots. Establishing private transaction pool relay systems, implementing punishment and blacklist mechanisms for violating validators, and expelling MEV abusers through community governance.
    • Smart Wallet Upgrade: Compatible with EIP-7702 standard, supporting batch transactions and one-click operations (such as cross-chain swaps). Future integration of AI assistants to provide portfolio management, MEV risk warnings, and trading strategy optimization.
    • AI-Priority Infrastructure: Auditing smart contract vulnerabilities through code assistants (Code Copilot), reducing development barriers; DataDAOs supporting users in monetizing private data; Trusted Execution Environments (TEEs) providing a secure sandbox for AI agents in DeFi.
    • MEME Token Ecosystem Support: Launching no-code token issuance tools and liquidity solutions to replicate Solana’s MEME fever, while reducing fraud risks through review mechanisms.

    3. Broccoli: CZ Pushes BNB Chain’s Popularity to a Peak
    After the TST price surge following CZ’s mention, CZ’s actions became the focus of MEME players. On February 13, CZ tweeted about the operation mechanism of MEME tokens, asking if creating a token only required sharing a pet’s name and photo. After understanding the mechanism, CZ expressed interest in how it worked. On February 14, CZ announced a pet dog named Broccoli without providing an official contract address, leading to thousands of tokens with the same name appearing on the BSC chain overnight. Countless players rushed to trade on BNB Chain, causing congestion and website crashes on Four.meme. CZ later stated that this “pressure test” exposed technical issues that still needed optimization on the BSC chain. Although CZ repeatedly emphasized that he did not issue any tokens, Binance Alpha listed three Broccoli-related projects on February 19, indirectly indicating his tacit approval of the MEME fever-driven traffic dividend.

    4. SHELL: Chain Staking Activity Triggers a Capital Siphon
    On February 13, BNB Chain, in collaboration with Binance Wallet and PancakeSwap, launched a public offering event for MyShell token SHELL. Backed by Binance Labs’ investment background, the event oversubscribed by 105 times, attracting over 130,000 BNB for subscription. This event not only boosted BNB Chain’s popularity but also drainage Binance Wallet.

    III. Analysis of BNB Chain’s Current Situation and Future Challenges

    1. Competitive Analysis
       BNB Chain vs. Solana According to Nansen’s on-chain data, since early February when CZ drove traffic to BNB Chain through high-frequency tweets, the chain’s active address count has shown explosive growth. On February 18, the single-day active address count exceeded 2.8 million, setting a historical peak in the past 12 months, while Solana’s active address count declined by 36% during the same period. However, Solana’s daily active address count still remains above 4 million.

    (Data Source: Nansen)

    Four.meme vs. Pump.fun According to Dune’s data, Pump.fun platform maintained a monopoly position with over 100,000 new accounts per day before February due to its first-mover advantage. However, with Four.meme leveraging the traffic dividend from the BNB Chain ecosystem, the industry landscape has undergone a significant reshuffle. By February 17, Pump.fun’s new account count had halved to 50,000/day, while Four.meme’s count soared from less than 500 to over 20,000/day. Although Four.meme’s current scale is only 40% of Pump.fun’s, its weekly growth rate of 325% has made it one of the important MEME launch platforms.

     
    (Data Source: Dune)

    (Data Source: Dune)

    2. BNB Chain Drives a New Round of MEME Fever in the Short Term
    More significantly, on February 14, when CZ disclosed the pet dog “Broccoli,” causing a frenzy of imitation tokens, BNB Chain’s network Gas fees surged to $0.43 in an instant, setting a new high since January 2022. This data confirms the success of CZ’s traffic diversion strategy, bringing new active users to the previously sluggish BNB Chain. Combining CZ’s recent actions and BNB’s innovative plans, it can be inferred that MEME will be one of the main development goals for BNB Chain in 2023. Currently, under the influence of Binance’s traffic, BNB Chain has initiated the first phase of MEME fever. In the current market lacking new narrative drivers, BNB Chain may continue to rely on MEME token popularity to maintain market attention, and high-return MEME projects may still emerge in the BNB Chain ecosystem in the short term.

    (Data Source: BNB Chain)

    3. Future Challenges
    However, BNB Chain faces multiple challenges in replicating Solana’s MEME fever. The main challenge is the recent trust crisis in the MEME track. Due to MEME tokens launched by Trump and Argentine President couples causing significant user losses, frequent token launches by presidents and celebrities have harvested a large amount of liquidity from the crypto market and severely damaged market confidence. It may be difficult to restore investor trust in the future. Additionally, the current crypto market is affected by Trump’s transaction cooling down, macroeconomic conditions, and policies, showing a general trend of continuous volatility and downward movement. Following the Adjustment of BTC, altcoins have experienced significant declines. Previously popular Ai Age tokens have also seen significant price drops.

     4. Potential Impact
    With BNB Chain regaining market attention through strategic upgrades and the MEME craze, Solana, which previously dominated the MEME sector almost single-handedly, now faces a new competitor. The rapid rise of the BNB Chain has put unprecedented competitive pressure on Solana, potentially driving it to accelerate technological upgrades and ecosystem reforms. Furthermore, BNB Chain’s success has demonstrated new opportunities for other blockchain ecosystems. More chains may adopt BNB Chain’s “event-driven marketing + technical upgrades + wealth effect” strategy to promote their own ecosystems, potentially sparking a new wave of market enthusiasm.

    About BitMart
     BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. 

    Risk Warning
    Note: All cryptocurrency investments, including yield products, are highly speculative and involve significant risks. Past performance of products cannot guarantee future results. Cryptocurrency markets are highly volatile, and before making any investment decisions, you should carefully assess whether it is suitable for trading or holding digital currencies based on your investment objectives, financial situation, and risk tolerance, and consult a professional financial advisor. The information in this article is for reference only and does not constitute any investment, legal, or tax advice. The author and publisher do not assume responsibility for any losses incurred due to the use of this information.

    The MIL Network –

  • MIL-OSI: MMP Capital Opens up New Satellite Office in New Hampshire

    Source: GlobeNewswire (MIL-OSI)

    Photo Credit MMP Capital

    PORTSMOUTH, N.H., Feb. 24, 2025 (GLOBE NEWSWIRE) — MMP Capital, a Long Island-based private lending company specializing in equipment financing, and small business lending in general, has announced the opening of its first satellite office in Portsmouth, New Hampshire. This expansion is a significant milestone for the company, which has operated exclusively out of its Long Island headquarters for the past 12 years.

    The new office will be led by industry veteran George Atkins, who joins MMP Capital with a mission to diversify the company into new verticals while maintaining its reputation for excellence in healthcare finance. 

    John-Paul Smolenski, founder and CEO of MMP Capital, speaks on the importance of this expansion, “Opening our Portsmouth office is about both growth and returning to our roots, positioning ourselves for long-term success. George Atkins is the perfect person to lead this effort. His skill and vision will be instrumental as we continue to expand our reach and capabilities.”

    George Atkins, regarded as one of the most influential figures in equipment finance, brings decades of experience to his new role at MMP Capital. His leadership is expected to drive development and open new opportunities for the company. He says, “The Portsmouth NH area has some of the most talented equipment finance reps anywhere, and we expect to grow the MMP brand and customer base rapidly and successfully with a great team of tenured professionals.”

    Jim Siederman, Executive Vice President at MMP Capital, likened Atkins’ addition to a game-changing moment, “George Atkins is hands down on the Mount Rushmore of Equipment Finance in the 21st Century. His work ethic, discipline, and passion for greatness personify everything we stand for at MMP Capital.”

    Establishing a presence in Portsmouth reflects MMP Capital’s commitment to expanding its footprint while staying true to its core values. The company aims to use Atkins’ leadership to explore emerging opportunities and further solidify its reputation.

    Smolenski further elaborates on how this move aligns with the company’s broader strategy, “This expansion is an essential part of our financial planning as we look ahead into 2025 and beyond. Having flexible capital and experienced leadership like George Atkins makes sure that we can meet growing demand without losing the high standards our clients expect.”

    About MMP Capital 

    MMP Capital was founded in 2013 with a mission to be the gold standard in healthcare equipment finance in the U.S. Led by a management team with vast experience in sales, credit, and operations from several banks, leasing companies, and funding institutions, MMP Capital is uniquely equipped as a hybrid lender to lend directly or utilize a vast syndication outlet. Our financing options for equipment financing, leasing, and unsecured capital offer U.S. businesses the opportunity to invest in their future, update outdated technology, or offer new services to customers.  

    For Employment Opportunities In the New Hampshire Area Contact:

    Gina Stallone

    Human Resources Manager

    MMP Capital

    gstallone@mmpcapital.com

    Media Contact: 

    Contact Person: Jamie O’Connor, Director of Marketing & Branding

    Organization: MMP Capital

    Email: JOConnor@MMPCapital.com

    Website: www.mmpcapital.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/057a5e21-82e3-41c6-9540-1f99bece85a7

    The MIL Network –