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Category: GlobeNewswire

  • MIL-OSI: UPDATE — BioAstra Unveils “Twin Astra”: Pioneering Deep-Space Medical Research Program Set to Transform Space Exploration and Earth-Based Medicine

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 23, 2025 (GLOBE NEWSWIRE) — BioAstra, a pioneering force in space medicine and biotechnology, is set to revolutionize human health with the launch of Twin Astra—a first-of-its-kind deep-space research initiative poised to transform space exploration and medical advancements on Earth.

    The program was officially unveiled on Thursday, February 20, 2025, at The Explorers Club in New York City, and brought together top minds in space, science, and biotechnology.

    About Twin Astra

    Twin Astra is designed to unlock critical insights into human health through space-based research, driving breakthroughs that will impact both astronauts and Earth-based medicine. The program focuses on:

    • Twin Studies in Space: By studying genetically identical twins—one on Earth, the other in space—scientists will map the molecular, genetic, and physiological shifts caused by space travel.
    • Medical Breakthroughs: This research will accelerate advancements in precision medicine, aging, cancer treatment, and regenerative therapies.
    • Space Exploration & Human Resilience: The findings will pave the way for safer, long-duration space missions to the Moon, Mars, and beyond.

    “By harnessing space as a biomedical testing ground, Twin Astra will redefine our understanding of human resilience in extreme environments,” said Professor Chris Mason, BioAstra Board Chair. “This research is crucial for protecting astronauts and unlocking medical discoveries that will benefit life on Earth and beyond.”

    Launch Event: February 20, 2025

    This exclusive gathering brought together astronauts, biotech leaders, philanthropists, investors, and innovators to explore the program’s groundbreaking potential.

    “Twin Astra represents the next frontier of biomedical discovery,” said Savi Glowe, BioAstra CEO. “By pushing the limits of human biology in space, we are opening doors to new treatments, technologies, and insights that will redefine healthcare for generations to come.”

    Event Highlights:

    • Speakers:
      • Richard Garriott, Explorers Club President, Astronaut, and Explorer
      • Dr. Sian Proctor, Inspiration4 Astronaut
      • Dr Kate Rubins, Astronaut and Microbiologist
      • Savi Glowe, BioAstra CEO
      • Professor Chris Mason, BioAstra Board Chair & Renowned Genomics Expert

    Event Details:

    Date: Thursday, February 20
    Time: 6:00 PM – 8:00 PM
    Location: The Explorers Club, 46 East 70th Street, New York

    Investor Inquiries: michal@bioastra.org
    Website: www.bioastra.org; www.twinastra.org

    The MIL Network –

  • MIL-OSI: Proposed Combination of Saipem and Subsea7

    Source: GlobeNewswire (MIL-OSI)

    Milan, Luxembourg, 23 February 2025 – Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two companies1 (the “Proposed Combination”) through the execution of a memorandum of understanding (the “MoU”). The Proposed Combination is expected to create a global leader in energy services.

    Highlights

    • The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion2, Revenue of approx. €20 billion3 and EBITDA in excess of €2 billion4
    • A global organisation of over 45,000 people, including more than 9,000 engineers and project managers
    • Highly complementary geographical footprints, competencies and capabilities, vessel fleets and technologies that will benefit the Combined Company’s global client base
    • Saipem and Subsea7 shareholders will own 50% each of the share capital of the Combined Company
    • Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion
    • Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million
    • The Combined Company will be listed on both the Milan and Oslo stock exchange
    • Siem Industries, reference shareholder of Subsea7, as well as Eni and CDP Equity, reference shareholders of Saipem, have expressed their strong support and intend to vote in favour of the transaction
    • Completion anticipated to occur in the second half of 2026

    The management of both Saipem and Subsea7 share the conviction that there is compelling logic in creating a global leader in energy services, particularly considering the growing size of clients’ projects. Saipem and Subsea7 are highly complementary in terms of market offerings and geographies. The combination would enhance value for shareholders, and all stakeholders, both in the current market and in the long term.

    CDP Equity, Eni and Siem Industries have entered into a separate Memorandum of Understanding, undertaking to support the Proposed Combination and agreeing on the terms of a Shareholders Agreement, to be effective from completion of the Proposed Combination. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. In addition, it is currently envisaged that Mr Alessandro Puliti will be appointed as CEO of the Combined Company5 while it is currently envisaged that Mr John Evans will be the CEO of the entity that will manage the Offshore business of the Combined Company. Such Offshore business will comprise all of Subsea7 and Saipem’s Offshore Engineering & Construction activities.

    The by-laws of the Combined Company are expected to provide for loyalty shares (double votes).

    Strategic Rationale of the Proposed Combination

    The Proposed Combination would be beneficial to the clients of both Saipem and Subsea7, bringing together the respective strengths of both companies:

    • Comprehensive Solutions for Clients: a full spectrum of offshore and onshore services, from drilling, engineering and construction to life-of-field services and decommissioning, with an increased ability to optimise project schedules for clients in oil, gas, carbon capture and renewable energy
    • World-class Expertise and Experience: a talented, global workforce of over 45,000 people, including more than 9,000 engineers and project managers, in more than 60 countries, contributing to deliver solutions unlocking value for clients
    • Global Reach and Diversified Fleet: an expanded and diversified fleet of more than 60 construction vessels enhancing the Combined Company’s ability to undertake a wide range of projects, from shallow water to ultra-deepwater operations, utilising a full portfolio of heavy lift, high-end J-lay, S-lay and reel-lay rigid pipeline solutions, flexible pipe and umbilical lay services and market-leading wind turbine, foundation and cable lay installation capabilities
    • Innovation and Technology: combined expertise to foster innovation in offshore technologies, ensuring cutting-edge solutions for complex projects

    The transaction would create significant shareholder value through:

    • Synergies: expected annual synergies of approximately €300 million in the third year after completion, driven by fleet optimisation, procurement, sales and marketing, and process efficiencies
    • A More Efficient Capital Investment Programme: optimised allocation of capital across a broader, complementary vessel fleet
    • An Attractive Shareholder Remuneration Policy: post-completion, Saipem7 is expected to pay a dividend of at least 40% of Free Cash Flow6 after repayment of lease liabilities
    • Enhanced Capital Structure: a solid balance sheet that is expected to support an investment grade credit rating
    • Greater Scale in Both Equity and Debt Capital Markets: access to a wider investor base and to more diversified sources of capital

    Transaction Structure and Ownership

    • The Combined Company would be created by way of an EU cross-border statutory merger carried out by way of incorporation of Subsea 7 into Saipem, with the latter to be renamed “Saipem7”. The Combined Company would be headquartered in Milan and have its shares listed on both the Milan and the Oslo stock exchanges
    • Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively

    Transaction Terms

    • Subsea7 shareholders would receive 6.688 new Saipem7 shares for each Subsea7 share held
    • Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7
    • Immediately prior to completion of the Proposed Combination, Subsea7 shareholders would receive an extraordinary cash dividend of €450 million7

    Organisational Structure of the Combined Company

    • The Combined Company will be structured in four businesses: Offshore Engineering & Construction, Onshore Engineering & Construction, Sustainable Infrastructures and Offshore Drilling
    • The Offshore Engineering & Construction business will be incorporated in an operationally autonomous company, named Subsea7 and branded as “Subsea7 – a Saipem7 Company”, and it is currently envisaged that it will be led by Mr John Evans. It will comprise all of Subsea7’s business and the Asset Based Services business of Saipem, representing approximately 83% of the combined group’s EBITDA of the last 12 months as of 30 September 2024. The company will be headquartered in London
    • In line with Saipem’s previous strategy, the Onshore Engineering & Construction will be run with a focus on reducing overall risk and maximising profitability. The Sustainable Infrastructures business will aim to consolidate its presence in the Italian market with potential expansion overseas. The Offshore Drilling division will seek to continue to maximise its EBITDA and cash flow

    Shareholder Remuneration

    • The MoU allows Saipem and Subsea7 to make shareholder distributions of up to $350 million each in 2025, in the form of dividends8,9
    • In 2026, if the Proposed Combination is not completed before the approval of the full year 2025 results of Saipem and Subsea7, the two companies could each distribute by way of dividends10,11 at least $300 million
    • Following completion of the Proposed Combination, the Combined Company is expected to distribute to shareholders at least 40% of Free Cash Flow12 after repayment of lease liabilities

    Shareholders Agreement

    The Memorandum of Understanding amongst Siem Industries, CDP Equity and Eni provides for, inter alia, a three-year shareholder lock-up and standstill obligation and the submission of a common slate for the appointment of the majority of the members of the board of directors of the Combined Company.

    Timing, Conditions Precedent and Approvals

    The entering into and signing of binding definitive documents in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement (the “Merger Agreement”) and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws.

    Saipem and Subsea7 have undertaken mutual exclusivity obligations in connection with the negotiations of the Proposed Combination.

    Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13, and obtaining the required Italian government approval and customary regulatory clearances.

    Until such conditions precedent are satisfied, there can be no certainty that the Proposed Combination will occur.

    The MoU also provides for termination rights for each of Saipem and Subsea7 in connection with material findings in the context of the confirmatory due diligence, or upon payment of a break-up fee, should any of the companies wish to terminate the negotiations at its discretion before entering into the Merger Agreement.

    The parties currently envisage to submit the final terms of the Proposed Combination to their respective Board of Directors for approval and to enter into the Merger Agreement around mid-2025. Completion is currently anticipated to occur in the second half of 2026.

    Conference Call

    On Monday 24 February 2025, at 10:00 CET, the top management of Saipem and Subsea7 will present the transaction in a dedicated conference call, which can be followed by connecting to the below URL:

    https://edge.media-server.com/mmc/p/az2o9ou7/

    The document that will be presented by Saipem and Subsea7 top management will be available on the two respective websites (www.saipem.com and www.Subsea7.com). A replay of the call will be available on the two companies’ websites.

    Advisers

    Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law.

    Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.

    Enquiries

    Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialised Solutions. The company has 6 fabrication yards and an offshore fleet of 21 construction vessels (of which 17 owned and 4 owned by third parties and managed by Saipem) and 15 drilling rigs, of which 9 owned. Always oriented towards technological innovation, the company’s purpose is “Engineering for a sustainable future”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 120 nationalities.

    Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry. Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energies.

    +++

    No Offer or Solicitation

    This communication and the information contained in it are provided for information purposes only and are not intended to be and shall not constitute a solicitation of any vote or approval, or an offer to sell or solicitation of an offer to buy, or an invitation or recommendation to subscribe for, acquire or buy securities of Saipem, Subsea 7 or the combined company following the proposed merger of Saipem and Subsea 7 (the “Proposed Business Combination Transaction“) or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made in the United States absent registration under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or pursuant to an exemption from, or in a transaction not subject to, such registration requirements.

    Forward-looking Statements

    This communication contains forward-looking information and statements about Saipem and Subsea7 and their combined business after completion of the Proposed Business Combination Transaction. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects,” “anticipates,” “believes,” “intends,” “estimates” and similar expressions. Although the managements of Saipem and Subsea7 believe that the respective expectations reflected in such forward-looking statements are reasonable, investors and holders of Saipem and Subsea7 shares are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Saipem and Subsea7, respectively, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Except as required by applicable law, neither Saipem nor Subsea7 undertake any obligation to update any forward-looking information or statements.

    Important Additional Information about the Proposed Business Combination Transaction

    This communication is not a substitute for a registration statement or for any other document that Saipem or Subsea7 may file with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Proposed Business Combination Transaction. In connection with the Proposed Business Combination Transaction, Saipem and Subsea7 are filing relevant materials with the SEC, which, to the extent Saipem’s shares will be required to be registered under the U.S. Securities Act, may include a registration statement on Form F-4 that contains a prospectus. If an exemption from the registration requirements of the U.S. Securities Act is available, the shares issued in connection with the Proposed Business Combination Transaction will be made available within the United States pursuant to such exemption and not pursuant to an effective registration statement on Form F-4.

    SAIPEM AND SUBSEA7 URGE INVESTORS AND SHAREHOLDERS TO READ ANY SUCH REGISTRATION STATEMENT, PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SAIPEM AND SUBSEA7, THE PROPOSED BUSINESS COMBINATION TRANSACTION AND RELATED MATTERS.

    Investors and shareholders can obtain free copies of the prospectus and other documents filed by Saipem and Subsea7 with the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. Shareholders of Subsea7 are urged to read the prospectus, if and when available, and the other relevant materials when they become available, as well as any supplements and amendments thereto, before making any voting or investment decision with respect to the Proposed Business Combination Transaction and will receive information at an appropriate time on how to obtain these transaction-related documents for free from the parties involved or a duly appointed agent.

    Use of Non-IFRS Financial Measures

    This announcement includes certain non-IFRS financial measures with respect to Saipem and Subsea7, including EBITDA and Net debt. These unaudited non-IFRS financial measures should be considered in addition to, and not as a substitute for, measures of Saipem’s and Subsea7’s financial performance prepared in accordance with IFRS. In addition, these measures may be defined differently than similar terms used by other companies.

    Presentation of Financial Information

    This communication includes financial data regarding Saipem and Subsea7 and the combination of Saipem and Subsea7. The presentation of information in any registration statement that Saipem may file with the SEC may be different than the financial data included herein as the financial data included in any registration statement will be required to comply with the rules and regulations of the SEC. Further, any financial data contained herein representing the combination of Saipem and Subsea7 has not been prepared in accordance with the rules and regulations of the SEC, including the pro forma requirements of Regulation S-X. Accordingly, pro forma financial data contained in any registration statement filed with respect to the Proposed Business Combination Transaction may differ from the pro forma financial data contained herein, and such differences may be material. Any combined company financial data presented herein is presented for informational purposes only and is not intended to represent or be indicative of the actual consolidated results of operations or financial position that would have been reported had the Proposed Business Combination Transaction been completed as of October 1st, 2024, and should not be taken as representative of the companies’ future consolidated results of operations or financial position had the Proposed Business Combination Transaction occurred as of such date. These estimates are based on financial information available at the time of the preparation of this communication.

    1 Merger by way of incorporation of Subsea7 into Saipem
    2 Combined backlog for Saipem and Subsea7 as of 30 September 2024
    3 Combined Revenue for Saipem and Subsea7 as per last 12 months as of 30 September 2024
    4 Combined EBITDA for Saipem and Subsea7 as per last 12 months as of 30 September 2024
    5 Subject to approval by the Shareholders’ Meeting and the Board of Directors of the Combined Company
    6 Free Cash Flow is defined as Cash Flow from Operations less Capital Expenditure plus Divestments
    7 Subject to approval by the Shareholders’ Meeting
    8 Subject to approval by the Shareholders’ Meeting and the Board of Directors
    9 The dividend paid by Saipem will be qualified as ordinary in nature
    10 Subject to approval by the Shareholders’ Meeting and the Board of Directors
    11 The dividend paid by Saipem will be qualified as ordinary in nature
    12 Free Cash Flow is defined as Cash Flow from Operations less Capital Expenditure plus Divestments
    13 Pursuant to Art. 49, paragraph 1, letter g) of Consob Regulation 11971/99

    Attachment

    The MIL Network –

  • MIL-OSI: Bybit Launches Recovery Bounty Program with Rewards up to 10% of Stolen Funds

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, , Feb. 23, 2025 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is calling on the brightest minds in cyber security and crypto analytics to join the global hunt for the perpetrators of crypto’s largest heist in history. With a reward of 10% of the amount recovered, the contributors stand to share a bounty of potentially up to 140 million USD in value in the scenario of a full recovery. 

    Recovery Bounty Program

    As part of the investigation and recovery efforts, Bybit is pledging 10% of recovered funds to reward ethical cyber and network security experts who play an active role in retrieving the stolen cryptocurrencies in the incident. 

    The total amount of the bounty is calculated based on verifiable recovery of the compromised ETH worth over $1.4 billion at the time of the incident. 

    Bybit values transparency and using blockchain technology for good.

    “Within 24 hours of the event, we were overwhelmed with support from some of the best people and organizations in the industry, and we do not take it for granted. We have shared in a dark moment of crypto history, and we’ve proven we are better than the malicious actors,” said Ben Zhou, co-founder and CEO of Bybit. “We want to officially reward our community who lent us their expertise, experience and support through the Recovery Bounty Program, and our efforts to make this difficult lesson a valuable one does not stop here. Bybit is determined to rise above the setback and fundamentally transform our security infrastructure, improve liquidity, and be a steadfast partner to our friends in the crypto community,” he added.

    How to Get Involved

    Individuals and organizations interested in participating in the Recovery Bounty Program can contact us via email at bounty_program@bybit.com

    Trust and security are at the core of the crypto industry. As the ecosystem grows, collective action is essential to maintaining its strength. We encourage exchanges, analysts, and the broader community to collaborate in protecting digital assets. Together, we can reinforce security, deter malicious activities, and uphold confidence in the industry.

    #Bybit / #TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press 

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

    For updates, please follow: Bybit’s Communities and Social Media

    Contact
    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4aca083-7ecb-45f5-aefd-d050eeaa79c9

    The MIL Network –

  • MIL-OSI: Prospera Energy Inc. Announces 2024 Year-End-Reserves

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 22, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) 

    Prospera Energy Inc. (TSXV: PEI, OTC: GXRFF) (“Prospera,” “PEI,” or the “Corporation”) is pleased to announce its 2024 year-end reserves, highlighting significant growth in Proven Developed Producing (“PDP”) and Total Proved plus Probable (“2P”) reserves. The reserves and future net revenue of the Corporation were prepared by InSite Petroleum Consultants Ltd. (“InSite”), an independent qualified reserves evaluator, in accordance with the Canadian Oil and Gas Evaluation Handbook (“COGEH”) standards. InSite prepared a report dated February 21, 2025 (the “InSite Report”), in which it has evaluated, as of December 31, 2024, the oil and gas reserves attributable to the principal properties of the Corporation. The evaluation assumes that each property included in the estimate will be developed, without considering the Corporation’s ability to secure the necessary funding for that development. The oil and gas annual disclosure can be found on SEDAR+ (www.sedarplus.ca).

    Corporate Overview:

    The Corporation’s core strategy is focused on proven developed non-producing (“PDNP”) and proven undeveloped (“PUD”) to PDP conversions through a series of low-risk, low-decline workovers, recompletions and reactivations in our core Cuthbert, Luseland, and Hearts Hill properties. To increase gross production above 1,000 barrels per day, the Corporation will bring online incremental wells with capital intensity of less than $8,000 per flowing barrel to ensure efficient usage of capital. Progress related to these programs will be provided in the Corporation’s future monthly operational updates.

    Notably, the Corporation has successfully converted wells with no reserves assigned (“NRA”) into PDNP and PUD reserves, further increasing proven reserves and positioning for additional capital deployment in 2025. Furthermore, the acceleration of well reactivations has deferred asset retirement obligations (“ARO”) by extending the economic life and productivity of these assets. By reactivating wells instead of abandoning them, the Corporation is transforming liabilities into revenue-generating assets, in turn, increasing cash flow rather than incurring abandonment costs. By prioritizing conversion of PDNP and PUD wells into PDP assets, the Corporation will further bolster its production, cash flow, and ability to attract additional growth capital to support its long-term reserves development vision.

    Key Highlights:

    • NPV before tax for PDP reserves increased 3% from $27.1MM to $28.0MM at a 10% discount rate
    • NPV before tax for PDNP reserves doubled from $8.5MM to $18.9MM at a 10% discount rate
    • NPV before tax for 1P reserves increased 24% from $89.9MM to $111.4MM at a 10% discount rate.
    • NPV before tax for 2P reserves increased 20% from $133.3MM to $159.3MM at a 10% discount rate
    • Gross 2P reserves increased by 26% from 5,403 to 6,793 Mboe (98% liquids)
    • Total Proved (“1P”) reserve life index (“RLI”) increased by 8% from 24.8 to 26.7 years
    • 2P RLI increased by 5% from 30.1 to 31.7 years
    • 2P Finding and Development (“F&D”) costs of $10.59/boe
    • Net asset value per share: 1P at $0.17 and 2P at $0.28 at a 10% discount rate

    Net present value (“NPV”) is estimated using forecast prices and costs

    Net Present Value Growth and Market Capitalization Trends (2020-2024)

    NI 51-101 Table 2.1.1
    The following table discloses, in the aggregate, the Corporation’s gross and net proved and probable reserves, estimated using forecast prices and costs, by product type. “Forecast prices and costs” means future prices and costs in the InSite Report that are generally accepted as being a reasonable outlook of the future or fixed or currently determinable future prices or costs to which the Corporation is bound.

    Prospera Energy Inc.
    Summary of Oil and Gas Reserves as of December 31, 2024
    Forecast Prices and Costs
    Reserves Category Light and Medium Oil
    (Mbbl)    		 Heavy Oil
    (Mbbl)    		 Solution Gas
    (MMcf)    		 Sales Gas
    (MMcf)
    Gross Net Gross Net Gross Net Gross Net
    Proved Developed Producing 232 196 1,136 1,070 24 -34 – –
    Proved Developed Non-Producing 112 92 587 573 9 2 269 226
    Proved Undeveloped 96 77 2,576 2,460 11 11 – –
    Total Proved 440 365 4,299 4,103 44 -22 269 226
    Total Probable 153 126 1,769 1,595 13 -8 464 421
    Total Proved + Probable 593 491 6,068 5,698 57 -29 733 647

    Gross reserves are the working interest share only. Net reserves are the working interest gross reserves plus all royalty interest reserves receivable less all royalty burdens payable. Conventional natural gas (solution) includes all gas produced in association with light, medium and heavy crude oil.

    After Tax Results
    As mandated by NI 51-101, after tax results are shown in the various tables of the InSite Report. After-tax calculations at the company level incorporated tax legislation and tax pool details for the Corporation, complying with the guidelines and philosophy of NI 51-101 in all material aspects. All future capital cost estimates herein have been categorized by tax pool definitions and used to supplement the year-end tax pool information provided by the Corporation. The year-end tax pool, as provided by the Corporation, is summarized below:

    • Canadian Oil and Gas Property Expense (COGPE) $19,242,826
    • Canadian Development Expense (CDE) $17,217,048
    • Non-Capital Losses (100%) $28,436,034

    Remaining Reserves
    Remaining reserves of oil and gas have been determined as of December 31, 2024. A summary of property gross and total company reserves follows:

    Prospera Energy Inc.
    Summary of Reserves as of December 31, 2024
      Proved Developed Producing   Total Proved Plus Probable  
    Oil – Mbbl        
    Property Gross 1,425   7,113  
    Company WI 1,369   6,661  
    Company Net 1,267   6,189  
             
    Gas – MMcf        
    Property Gross 24    790  
    Company WI 24    790  
    Company Net -34    618  
             
    BOEs – MBOE        
    Property Gross 1,429   7,245  
    Company WI 1,373   6,793  
    Company Net 1,261   6,292  


    Product Prices
    The InSite base product price forecast, effective January 1, 2025, was used for this evaluation. A copy of which is included in the InSite Report. To estimate actual received prices, adjustments were made to crude oil and by-products prices for quality and transportation tariffs. Similarly, adjustments were made to gas prices for heating value and transportation. It is assumed that the adjustment factors and increments will remain constant throughout the forecasts. Revenue data provided by the Corporation was used to quantify price adjustments. If such data was unavailable, typical values for the area were used to estimate price adjustments. Risks of political and economic uncertainties could affect future results and could cause results to differ materially from those expressed in this evaluation.

    Qualification
    To prepare their evaluation, a technical presentation of properties was made by the Corporation to InSite. Data required by them was sourced from the Corporation, industry references and regulatory bodies. Neither field inspection nor environmental review of these properties were conducted by InSite, nor deemed necessary. Generally accepted engineering methods were employed to estimate reserves and forecast production. The InSite Report follows the Practice Standards and Guidelines of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”) and adheres in all material aspects to the business practices, evaluation procedures, and reserve definitions contained within NI 51-101 and the COGEH.

    NI 51-101 Table 2.1.2
    The following table discloses, in the aggregate, the NPV of the Corporation’s future net revenue attributable to the reserves categories previously tabulated, estimated using forecast prices and costs, before and after deducting future income tax expenses, and calculated without discount and using discount rates of 5%, 10%, 15% and 20%. Future net revenue includes all resource income and is after capital investments, operating expenses, and royalties.

    Prospera Energy Inc.
    Summary of Net Present Values of Future Net Revenue as of December 31, 20232024
    Forecast Prices and Costs
    Reserves Category Before Income Tax
    (MM$)    		 After Income Tax
    (MM$)    		 Before Tax
    Net value
    ($/BOE)
    Discounted at (%/year) Discounted at (%/year) (%/year)
    0 5 10 15 20 0 5 10 15 20 10
    Proved Developed Producing 3032.91 2931.3 28.10 25.0 22.26 2832.81 2831.03 2528.40 2225.90 2022.86 520.4
    Proved Developed Non-Producing 1025.90 921.67 818.59 716.55 614.75 723.74 620.96 618.11 15.49 414.80 1925.13
    Proved Undeveloped 89122.53 6887.60 5464.46 4449.25 3638.79 6691.30 5064.11 3947.11 3135.38 2528.60 2024.61
    Total Proved 131179.33 108140.10 89111.94 7690.19 6575.96 102146.85 85116.0 7093.62 5976.67 5164.26 1623.13
    Total Probable 7898.30 5666.85 4347.49 3436.51 2828.2 5772.72 4148.77 3135.70 2526.3 2020.45 1923.19
    Total Proved + Probable 209277.53 164206.95 144159.73 110127.70 93104.1 160218.7 126164.77 102128.31 84103.70 7185.60 1623.85

    Future operating costs are based on historical data. Wherever unavailable, they were estimated from analogous operations in the vicinity of the properties. The inflation of capital and operating costs is assumed to be 2.0% per annum after 2025. InSite has included cost estimates of well abandonment and reclamation for all existing wells, regardless of reserves assignment, and undeveloped locations assigned reserves. Estimates have been prepared based on historical costs and published guidance from provincial liability management or rating. It is understood that all abandonment and reclamation costs of wells and facilities have been accounted for by the Corporation.

    About Prospera

    Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company’s core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.

    For Further Information:

    Shawn Mehler, PR
    Email: investors@prosperaenergy.com

    Chris Ludtke, CFO
    Email: cludtke@prosperaenergy.com

    Shubham Garg, Chairman of the Board
    Email: sgarg@prosperaenergy.com

    FORWARD-LOOKING STATEMENTS
    This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    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 Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

    Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a2427c7d-19dd-4737-9dbc-7ded2930b4a4

    The MIL Network –

  • MIL-OSI: Faircourt Asset Management Inc. Announces February Distribution

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Feb. 21, 2025 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of the Faircourt Fund (CBOE:FGX), is pleased to announce the monthly distribution payable on the Shares of the below listed Fund.

    Faircourt Funds Trading Symbol Distribution Amount (per share/unit) Ex-Dividend Date Record Date Payable Date
    Faircourt Gold Income Corp. FGX $0.024 February 28, 2025 February 28, 2025 March 14, 2025

    Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp.

    This press release is not for distribution in the United States or over United States wire services.

    For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or
    please contact 1-800-831-0304.

    You will usually pay brokerage fees to your dealer if you purchase or sell Shares of the Fund on the CBOE Canada Exchange or other alternative Canadian trading system (an “exchange”). If the Shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Shares of the Fund and may receive less than the current net asset value when selling them.

    There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Purpose Investments Inc. Announces February 2025 Distributions for the Seven New Yield Shares ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce the distributions for the month of February 2025 for its newest set of Yield Shares ETFs.

    The ex-distribution date for all seven Yield Shares ETFs listed in the table below is February 28, 2025.

    ETF Name Ticker Distribution
    per Unit    		 Record
    Date    		 Payable
    Date    		 Distribution
    Frequency
    Costco (COST) Yield Shares
    Purpose ETF – ETF Series    		 YCST $0.1000 02/28/2025 03/06/2025 Monthly
    Palantir (PLTR) Yield Shares
    Purpose ETF – ETF Series    		 YPLT $0.2500 02/28/2025 03/06/2025 Monthly
    UnitedHealth Group (UHN)
    Yield Shares Purpose ETF –
    ETF Series    		 YUNH $0.1100 02/28/2025 03/06/2025 Monthly
    Coinbase (COIN) Yield
    Shares Purpose ETF – ETF
    Series    		 YCON $0.3000 02/28/2025 03/06/2025 Monthly
    Netflix (NFLX) Yield Shares
    Purpose ETF – ETF Series    		 YNET $0.1100 02/28/2025 03/06/2025 Monthly
    Broadcom (AVGO) Yield
    Shares Purpose ETF – ETF
    Series    		 YAVG $0.1500 02/28/2025 03/06/2025 Monthly
    Tech Innovators Yield
    Shares Purpose ETF – ETF
    Series    		 YMAG $0.2000 02/28/2025 03/06/2025 Monthly


    About Purpose Investments Inc.

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

    For further information, please contact: info@purposeinvest.com

    For media inquiries, please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

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

    The MIL Network –

  • MIL-OSI: Hampton Debentures Redeemed and Reinvested

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Company”, TSXV: HFC) announces that Hampton debentures in the aggregate principal amount of $2,175,000 have been redeemed and that the holders of the debentures have reinvested the redemption proceeds into new non-convertible debentures of Hampton in the aggregate principal amount of $2,000,000, bearing interest at 10% per annum and maturing on December 29, 2025, and separately in the case of debentures held by its CEO, Peter Deeb, in the issuance of 255,050 subordinate voting shares of Hampton at $0.70 per share.

    The Company received conditional approval from the TSX Venture Exchange for the issuance of the subordinate voting shares, which are subject to a four month hold period expiring on June 21, 2025.

    About Hampton Financial Corporation

    Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments.

    Through its wholly-owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad and HSL’s Corporate Finance Group provides early stage, growing companies the capital they need to create value for investors. HSL continues to develop its Wealth Management, Advisory Team and Principal-Agent programs which offers to the industry’s most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support, and tax effectiveness as they build and manage their professional practice.

    Through its wholly-owned subsidiary, Oxygen Working Capital (“OWC”) the company offers factoring and other commercial financing services to clients across Canada.

    The Company is exploring opportunities to diversify its sources of revenue by way of strategic investments in both complimentary business and non-core sectors that can leverage the expertise of its Board and the diverse experience of its management team.

    For more information, please contact:

    Olga Juravlev
    Chief Financial Officer
    Hampton Financial Corporation
    (416) 862-8701

    Or

    Peter M. Deeb
    Executive Chairman & CEO
    Hampton Financial Corporation
    (416) 862-8651

    The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

    No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States or to a U.S. person absent registration or pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.

    Forward-Looking Statements

    This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “should”, “hopeful”, “recovery”, “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors beyond the Company’s ability to predict or control which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein. Forward-looking statements are not a guarantee of future performance. Although the Company believes that any forward-looking statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such statements, there can be no assurance that any such forward-looking statements will prove to be accurate. Actual results may vary, and vary materially, from those expressed or implied by the forward-looking statements herein. Accordingly, readers are advised to rely on their own evaluation of the risks and uncertainties inherent in forward-looking statements herein and should not place undue reliance upon such forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Any forward-looking statements herein are made only as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

    The MIL Network –

  • MIL-OSI: The New America High Income Fund, Inc. Update on Timing of Reorganization

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 21, 2025 (GLOBE NEWSWIRE) — The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that the reorganization of the Fund into the T. Rowe Price High Yield Fund (the “T. Rowe Price Fund”), a separate series of the T. Rowe Price High Yield Fund, Inc. (the “Reorganization”), initially expected to close following the close of business of the New York Stock Exchange on Friday, February 21, 2025, is now expected to close on a mutually agreed upon date in writing by the parties, subject to satisfaction of customary closing conditions. Upon the closing of the Reorganization, shareholders of the Fund will become holders of Investor Class shares of the T. Rowe Price Fund.

    About the Fund
    The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund’s investment adviser is T. Rowe Price Associates, Inc. (“T. Rowe Price”). As of January 31, 2025, T. Rowe Price and its affiliates managed approximately $1.65 trillion of assets. T. Rowe Price has provided investment advisory services to investment companies since 1937.

    This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Fund or the T. Rowe Price Fund. Additional information about the Fund and the T. Rowe Price Fund, including performance and portfolio characteristic information, is available at www.newamerica-hyb.com or www.troweprice.com, respectively.

    Statements in this press release that are not historical facts may be forward-looking statements, as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors that may be beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

    Contact:        
    Ellen E. Terry, President
    Telephone: 617-263-6400
    www.newamerica-hyb.com

    The MIL Network –

  • MIL-OSI: Oxford Square Capital Corp. Schedules Fourth Quarter 2024 Earnings Release and Conference Call for February 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 21, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQZ) (NasdaqGS: OXSQG) announced today that it will hold a conference call to discuss fourth quarter 2024 earnings on Friday, February 28, 2025 at 9:00 AM Eastern time. The toll free dial-in number is 1-800-549-8228. There will be a recording available for 30 days after the call. If you are interested in hearing the recording, please dial 1-888-660-6264. The replay pass-code number is 06523#.

    About Oxford Square Capital Corp.
    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

  • MIL-OSI: $TOCKHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – YOTA, PORT, ACCD, ESSA

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Yotta Acquisition Corporation (Nasdaq: YOTA), relating to its proposed merger with DRIVEiT Financial Auto Group, Inc. Under the terms of the agreement, DRIVEiT securityholders are expected to own approximately 78.4% of the combined company.

    Click here for more information: https://monteverdelaw.com/case/yotta-acquisition-corporation/. It is free and there is no cost or obligation to you.

    • Southport Acquisition Corporation (OTC: PORT), relating to its proposed merger with Angel Studios, Inc. Under the terms of the agreement, Angel Studios shares will automatically be converted into the right to receive Southport shares.

    Click here for more information https://monteverdelaw.com/case/southport-acquisition-corporation/. It is free and there is no cost or obligation to you.

    • Accolade, Inc. (Nasdaq: ACCD), relating to the proposed merger with Transcarent. Under the terms of the agreement, Transcarent will acquire Accolade for $7.03 per share in cash.

    ACT NOW. The Shareholder Vote is scheduled for March 27, 2025.

    Click here for more https://monteverdelaw.com/case/accolade-inc-accd/. It is free and there is no cost or obligation to you.

    • ESSA Bancorp, Inc. (Nasdaq: ESSA), relating to the proposed merger with CNB Financial Corporation. Under the terms of the agreement, ESSA shareholders will receive 0.8547 shares of CNB common stock for each outstanding share of ESSA common stock.

    Click here for more https://monteverdelaw.com/case/essa-bancorp-inc-essa/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces February 2025 Cash Distributions for ETF Series Securities

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the February 2025 cash distributions for its ETF Series securities. The record date for the distributions is February 28, 2025. All distributions are payable on March 7, 2025.

    The per-unit February 2025 distributions are detailed below:

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of

    capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces Estimated February 2025 Cash Distributions for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated February 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about February 27, 2025, which will provide the final distribution rate. The record date for the cash distribution is February 28, 2025, payable on March 7, 2025.

    All estimates in this document are based on the accounting data as of February 21, 2025. Due to subscriptions and/or redemptions and/or other factors, the final February 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.

    The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information.

    The per-unit estimated February 2025 distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution per
    unit    		 Notional Distribution
    per unit    		 CUSIP
    Ninepoint Cash Management Fund NSAV $0.11942 $0.00000 65443X105
             

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network –

  • MIL-OSI: James Altucher: ‘Trump’s Return Could Fast-Track America’s Biggest Tech IPO’

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) — In a recent presentation, financial expert James Altucher predicts that Donald Trump’s return to the White House could accelerate the most significant IPO in American history: Elon Musk’s Starlink. With Musk’s satellite internet network already disrupting global telecommunications, Altucher believes Trump’s administration will create the perfect conditions for an expedited, high-impact IPO.

    “The Starlink IPO will be a defining moment for the stock market,” said Altucher. “Trump’s leadership is expected to streamline regulations and drive policies that favor major technological advancements.”

    How Starlink is Changing the Game

    Musk’s satellite network is already proving essential for emergency response, military applications, and global connectivity. Unlike traditional telecom providers, Starlink bypasses outdated infrastructure, offering high-speed internet anywhere on the planet.

    “Starlink isn’t just another tech company—it’s a total reinvention of how the world stays connected,” Altucher explained.

    With Trump’s expected policy shifts, Starlink could see unprecedented government support and funding, further solidifying its dominance in space-based communications.

    About James Altucher

    James Altucher is a bestselling author, entrepreneur, and financial expert known for spotting major market trends early. His insights have been featured in The Wall Street Journal, CNBC, and Bloomberg.

    Media Contact:
    Derek Warren
    Public Relations Manager
    Paradigm Press Group
    Email: dwarren@paradigmpressgroup.com

    The MIL Network –

  • MIL-OSI: Monroe Capital Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 21, 2025 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will file its Annual Report on Form 10-K for the year ended December 31, 2024 on Friday, February 28, 2025, after the close of the financial markets.

    The Company will announce its financial results for the fourth quarter and full year 2024 in a press release prior to the market open on Monday, March 3, 2025 and will host a webcast and conference call to discuss these financial results on Monday, March 3, 2025 at 12:00 p.m. Eastern Time. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events.cfm. To participate in the conference call, please dial (800) 715-9871 approximately 10 minutes prior to the call. Please reference conference ID # 7817000. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.

    About Monroe Capital Corporation

    Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company’s investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroebdc.com.

    About Monroe Capital LLC

    Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains eleven offices throughout the United States, Asia and Australia.

    Monroe has been recognized by both its peers and investors with various awards including Inc.’s 2024 Founder-Friendly Investors List; Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

    Forward-Looking Statements

    This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.

    SOURCE:          Monroe Capital Corporation

    The MIL Network –

  • MIL-OSI: HP Inc. Names Gianluca Pettiti to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 21, 2025 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) today announced the appointment of Gianluca Pettiti to its Board of Directors. Mr. Pettiti is Executive Vice President and President, Life Sciences, Diagnostics and Applied for Thermo Fisher Scientific Inc., a global life sciences company. His appointment is effective immediately.

    “We’re excited to welcome Gianluca to the HP Board of Directors,” said Chip Bergh, Chair of the HP Board. “He brings invaluable global expertise and a proven track record of fostering innovation at the intersection of technology and life sciences. His experience spearheading digital and AI initiatives will be instrumental in advancing our business priorities.”

    Mr. Pettiti’s leadership at Thermo Fisher along with his passion for technology and innovation have been instrumental supporting the growth of the company over the last two decades. Thermo Fisher today is globally recognized as the world leader in serving science, a trusted partner for its many customers and one of the world’s most admired companies. Mr. Pettiti is deeply committed to advancing the applications of technology across the industry and serves as a board member at the Italian Institute of Technology, a leading research institute in robotics and AI.

    “We are pleased to have Gianluca join our Board of Directors,” said HP Inc. President and CEO, Enrique Lores. “His broad international career, experience infusing AI into new industries, and passion for data-driven decision-making will bring new thought leadership to our AI initiatives, helping us create better and more fulfilling experiences for our customers.”

    Mr. Pettiti holds a Master of Science in Engineering from Politecnico di Torino, which recognized him as an Alumnus Testimonial in 2017 for his contributions to innovation. He has also authored several influential articles on AI and digital transformation in healthcare.

    The full HP Board is listed at HP.com.

    About HP Inc.

    HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com.

    The MIL Network –

  • MIL-OSI: Navient finalizes sale of Government Services business

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI) announced today that it has finalized the sale of its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm.

    Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees are transferring with those businesses as a part of the transaction, which allows Navient to fully exit the business processing solutions space.

    About Navient
    Navient (Nasdaq: NAVI) provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients. Learn more at navient.com.

    Contact:

    Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com

    Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

    The MIL Network –

  • MIL-OSI: Triumph Financial to Present at the Raymond James & Associates’ 46th Annual Institutional Investors Conference on March 5, in Orlando, Florida

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Feb. 21, 2025 (GLOBE NEWSWIRE) — Triumph Financial, Inc. (Nasdaq: TFIN) today announced that Aaron Graft, Vice Chairman and CEO, will present at the Raymond James & Associates’ 46th Annual Institutional Investors Conference on March 5, in Orlando, Florida. Triumph Financial, Inc.’s presentation is scheduled to begin at 11:35 a.m. ET. The presentation will be webcast live and may be accessed through this direct link, https://wsw.com/webcast/rj131/tfin/1599201 or via the Company’s website at tfin.com through the News & Events, Events & Presentations links.

    About Triumph

    Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph and TBK Bank.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.

    Source: Triumph Financial, Inc.

    Investor Relations:
    Luke Wyse
    Senior Vice President, Head of Investor Relations
    lwyse@tfin.com
    214-365-6936

    Media Contact:
    Amanda Tavackoli
    Senior Vice President, Director of Corporate Communication
    atavackoli@tfin.com
    214-365-6930

    The MIL Network –

  • MIL-OSI: The Swiss Helvetia Fund Announces Results of Special Meeting

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) — The Swiss Helvetia Fund, Inc. (the “Fund”) (NYSE: SWZ) held a special meeting of stockholders (the “Meeting”) today to consider (1) an investment advisory agreement between the Fund and Bulldog Investors, LLP, and (2) changes to the Fund’s investment objective and restrictions in order to expand the types of investments the Fund can make to meet its new investment objective. All proposals were approved at the Meeting. As previously announced, the Board of Directors intends to authorize the sale of substantially all of the Fund’s portfolio securities and to declare a special cash distribution (consisting substantially or entirely of long-term capital gains) equal to approximately 30% of the Fund’s net assets.

    For more information, please call InvestorCom, the Fund’s information agent, at (877) 972-0090.

    The MIL Network –

  • MIL-OSI: United Community Banks, Inc. Announces Quarterly Cash Dividend on Common Stock

    Source: GlobeNewswire (MIL-OSI)

    GREENVILLE, S.C., Feb. 21, 2025 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NYSE: UCB) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.24 per share on the Company’s common stock. The dividend is payable April 4, 2025 to shareholders of record as of March 14, 2025.

    About United Community Banks, Inc.
    United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of December 31, 2024, United Community Banks, Inc. had $27.7 billion in assets, 199 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of J.D. Power’s award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2024, United was named by American Banker as one of the “Best Banks to Work For” for the eighth consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World’s Best Banks and one of America’s Best Banks. Additional information about United can be found at ucbi.com.

    For more information:
    Jefferson Harralson
    Chief Financial Officer
    (864) 240-6208
    Jefferson_Harralson@ucbi.com

    The MIL Network –

  • MIL-OSI: Orange County Bancorp, Inc. Declares Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (Nasdaq: OBT), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. today announced a declaration of a $0.13 cash dividend per share of its common stock. The dividend will be paid on March 17, 2025 to shareholders of record on March 4, 2025.

    About Orange County Bancorp Inc.
    Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.5 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.

    Contact:
    Candice Varetoni
    CVaretoni@orangebanktrust.com
    AVP Marketing Officer
    Orange Bank & Trust Company

    The MIL Network –

  • MIL-OSI: Navient declares first quarter common stock dividend

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI) announced that its board of directors approved a 2025 first quarter dividend of $0.16 per share on the company’s common stock.

    The first quarter 2025 dividend will be paid on Mar. 21, 2025, to shareholders of record at the close of business on Mar. 7, 2025.

    About Navient
    Navient (Nasdaq: NAVI) provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients. Learn more at navient.com.

    Contact:
    Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com

    Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

    The MIL Network –

  • MIL-OSI: United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

    Source: GlobeNewswire (MIL-OSI)

    CEDAR RAPIDS, Iowa, Feb. 21, 2025 (GLOBE NEWSWIRE) — Today, the Board of Directors of United Fire Group, Inc. (“UFG”) (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable March 21, 2025 to shareholders of record as of March 7, 2025.

    UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 228th consecutive quarterly dividend paid, dating back to March 1968.

    About UFG

    Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance.

    The company is licensed as a property and casualty insurer in all 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com.

    Contact:

    Investor Relations
    Email: ir@unitedfiregroup.com

    Media Inquiries
    Email: news@unitedfiregroup.com

    Disclosure of Forward-Looking Statements

    This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the industry in which we operate, and beliefs and assumptions made by management. Words such as “expect(s),” “anticipate(s),” “intend(s),” “plan(s),” “believe(s),” “continue(s),” “seek(s),” “estimate(s),” “goal(s),” “remain(s) optimistic,” “target(s),” “forecast(s),” “project(s),” “predict(s),” “should,” “could,” “may,” “will,” “might,” “hope,” “can” and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on February 29, 2024. The risks identified in our Annual Report on Form 10-K and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 21.02.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    21 February 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 21.02.2025

    Espoo, Finland – On 21 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,384,423 4.78
    CEUX – –
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,384,423 4.78

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 21 February 2025 was EUR 6,616,434. After the disclosed transactions, Nokia Corporation holds 255,830,208 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    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.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Expands Georgia Presence with Grayson Branch, Marking its Fifth Branch Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    GRAYSON, Ga., Feb. 21, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Georgia footprint, opening a new branch in Grayson and its 53rd in the state.

    The branch is located at 1950 Grayson HWY, Suite 130 and is expected to serve hundreds of customers in its first year. Amber Cotton, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “Our very first Lendmark branch opened in Georgia in 1996 and 29 years later we are still expanding right where we started. Continued growth in Georgia shows the tremendous impact we make by focusing on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Jerry Sharp, Vice President of Branch Operations at Lendmark. “Our Georgia branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 470-226-3828.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Expands North Carolina Presence with Laurinburg Branch, Marking its 4th Branch Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    LAURINBURG, N.C., Feb. 21, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its North Carolina footprint, opening a new branch in Laurinburg and its 64th in the state.

    The branch is located at 929 S 401 Bypass Hwy, and is expected to serve hundreds of customers in its first year. Domonic Davis, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “As we grow our footprint in North Carolina, we will continue to focus on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Chad DeBoard, Vice President of Branch Operations at Lendmark. “With over 60 branches in North Carolina and more slated to open, our continued growth demonstrates an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 225-453-0987.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI: Carbeeza Inc. Announces Private Placement Financing

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 21, 2025 (GLOBE NEWSWIRE) — Carbeeza Inc. (“Carbeeza” or the “Company“) (TSXV:AUTO) (OTCQB: CRBAF) today announced that it intends to complete a non-brokered private placement of up to 25,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $1,250,000 (the “Offering”). Each Unit will consist of one common share of the Company and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.15 for a period of 24 months from issuance.

    All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange approval. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.

    It is anticipated that insiders of the Company will subscribe to the Offering. Participation by insiders of the Company in the Offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The issuance of securities is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the fair market value of the insiders’ participation in the Offering, as determined in accordance with MI 61-101, shall not exceed 25% of the Company’s market capitalization.

    Carbeeza Inc.

    Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers.

    ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC.

    Sandro Torrieri, Chief Executive Officer

    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

    For further information please contact:

    Sandro Torrieri, Chief Executive Officer

    Email: Investorrelations@carbeeza.com

    Telephone: 1-855-216-8802

    Website: www.carbeeza.com

    Notice Regarding Forward-Looking Information:

    This news release contains forward-looking statements including but not limited to statements regarding the Company’s business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company.

    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, except as required by applicable securities law. 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: Peoples Bancorp Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    NEWTON, N.C., Feb. 21, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK) declared the Company’s regular cash dividend for the first quarter of 2025 in the amount of $0.20 per share. The first quarter cash dividend will be paid on March 14, 2025 to shareholders of record on March 3, 2025.

    Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, contact Krissy Price at (828) 464-5620 or (800) 948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at shareholder@broadridge.com.

    Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 16 banking offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”

    Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2023, under “General Description of Business” and otherwise in the Company’s reports and filings.

    Contact:  William D. Cable, Sr.
      President and Chief Executive Officer
       
      Jeffrey N. Hooper
      Executive Vice President and Chief Financial Officer
       
      Phone 828-464-5620

    The MIL Network –

  • MIL-OSI: Navicore Solutions Offers Guidance for Those Struggling to Pay Their Tax Bill

    Source: GlobeNewswire (MIL-OSI)

    MANALAPAN, N.J., Feb. 21, 2025 (GLOBE NEWSWIRE) — As tax season approaches, millions of Americans find themselves overwhelmed with stress—especially those who owe more to the IRS than they can afford to pay. Navicore Solutions provides support, education and personal finance advice to those struggling with looming tax debt.

    The most recent IRS reported tax gap in 2022 is over $125 billion, including underreported, unpaid and unfiled taxes. These taxes are owed by an estimated 11 million Americans. While the government has provided some leniency, for example, during the COVID era the ‘People First Initiative’ delayed the collection of back taxes and the more recent ‘Tax Relief for American Families and Workers Act’ of 2024, tax debt continues to contribute to the overall financial stress of many Americans.

    Navicore Solutions helps families find relief by providing advice for the more immediate problem of what to do if you’re unable to pay your tax bill, including guidance on short term, long term, and partial payment plans. In addition, Navicore provides long term personal finance education and advice to help alleviate the ongoing problems that arise from a lack of financial literacy and poor money management.

    “Navicore understands the financial and emotional strain that comes with tax debt. Fortunately, there are options available, and we’re here to help our clients gain control of and navigate their personal finances to relieve the stress of all kinds of personal debt,” said Diane Gray, Chief Operating Officer with Navicore.

    Ignoring tax debt can lead to serious consequences, including tax liens, wage garnishments, or even legal action. It’s crucial to act quickly to avoid these ramifications. Navicore Solutions provides financial counseling to help individuals understand their options and make informed decisions.

    About Navicore Solutions

    Founded in 1991, Navicore Solutions is a national leader in the field of nonprofit financial counseling with a mission to strengthen the well-being of individuals and families through education, guidance, advocacy, and support.

    Navicore counselors provide a wide range of services including credit counseling to consumers in need; education programs through workshops, courses and written material; debt management plan to provide relief for applicable consumers; student loan counseling for those struggling with student loan debt; and housing counseling services in the areas of rental, pre-purchase, default and reverse mortgage. The agency is an advocate of financial education helping communities achieve and maintain financial stability.

    Contact:
    Lori Stratford
    Digital Marketing Manager
    Navicore Solutions
    lstratford@navicoresolutions.org
    navicoresolutions.org

    The MIL Network –

  • MIL-OSI: Earn Bitcoin Easily Using XRP: DDB Miner Launches New Opportunity

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, United Kingdom, Feb. 21, 2025 (GLOBE NEWSWIRE) — DDB Miner, a leading cryptocurrency mining platform, has announced a new opportunity for users to start Bitcoin mining using Ripple (XRP). This initiative allows investors to earn up to $5,950 per day through innovative mining technology powered by renewable energy sources.

    The Rise of New Energy Mining

    As the world shifts toward sustainable energy solutions, DDB Miner leads the way by leveraging solar and wind power for its cloud mining operations. This eco-friendly approach not only reduces energy costs but also integrates surplus electricity into the grid, ensuring efficiency while delivering high returns for investors.

    Cloud mining simplifies cryptocurrency mining by eliminating the need for expensive hardware and technical expertise. Through DDB Miner’s remote data centers, users can rent mining algorithms and receive daily profits without complex setups.

    Why Choose DDB Miner?

    DDB Miner stands out as a trusted platform with over 9 million users worldwide and more than 500,000 mining machines across 100 mining farms. Key features include:

    • Renewable Energy-Powered Mining – Low-cost, environmentally friendly operations.
    • User-Friendly Platform – Ideal for beginners and experienced investors alike.
    • Secure & Transparent – Advanced SSL encryption for asset protection.
    • Daily Payouts – Consistent earnings with no hidden fees.
    • 24/7 Support – Live assistance available around the clock.

    How It Works

    Getting started with DDB Miner is simple:

    1. Register & Get $12 Bonus – Sign up on the official website and receive an instant $12 welcome gift.
    2. Choose a Mining Contract – Select from flexible plans, such as:
      • Starter Plan: $12 investment, $0.50 daily return.
      • Boosted Hash Power: $100 investment, $6 daily return.
      • Top Hash Power: $500 investment, $31.50 daily return.
      • Advanced Contracts: From $5,000 to $50,000, offering higher returns.
    3. Earn Daily Profits – Monitor your earnings via a user-friendly dashboard.

    For example, a $5,000 investment generates $75 daily, totaling $7,250 after 30 days, including principal return.

    Affiliate Program & Additional Benefits

    DDB Miner’s affiliate program offers an opportunity to earn without investing. Referring active users can yield bonuses of up to $22,000, with unlimited earning potential.

    Other platform highlights include:

    • No Service or Admin Fees – Transparent pricing.
    • Multi-Crypto Settlement – Supports DOGE, BTC, ETH, SOL, USDT, XRP, and more.
    • 100% Uptime Guarantee – Backed by McAfee® and Cloudflare® security.

    A Smarter Path to Passive Income

    DDB Miner’s XRP-powered Bitcoin mining plans present an accessible, eco-friendly way to build wealth passively. Whether you’re new to crypto or an experienced investor, DDB Miner ensures a hassle-free experience with consistent returns.

    For more details, visit https://ddbminer.com or download the mobile app from Google Play or the Apple App Store.

    Media Contact:
    Katerina Audrey
    DDB Miner Media Relations
    Email: info@ddbminer.com

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51cc648f-a03e-43f4-985d-87d439ede601

    https://www.globenewswire.com/NewsRoom/AttachmentNg/23129e63-f17b-4df3-b3e0-08f489954aa0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e9e29852-4c8a-4ad0-8034-f10ee35dc947

    The MIL Network –

  • MIL-OSI: Kvika banki hf.: Landsbankinn’s acquisition of TM approved

    Source: GlobeNewswire (MIL-OSI)

    The Competition Authority has announced that a settlement has been reached with Landsbankinn regarding the acquisition of 100% of TM tryggingar’s share capital from Kvika bank. As a result, the conditions in the purchase agreement related to the approval of the Financial Supervisory Authority of the Central Bank of Iceland and the Competition Authority have been lifted. The transfer of the insurance company to Landsbankinn is scheduled for February 28, at which time Landsbankinn will pay Kvika bank the agreed purchase price.

    As stated in Kvika bank’s announcement on May 30, 2024, the agreed purchase price is ISK 28.6 billion, based on TM’s balance sheet at the beginning of 2024. The final purchase price will be adjusted to reflect changes in TM’s tangible equity from the beginning of 2024 until the closing date.

    Following the receipt of the purchase price, Kvika bank’s board intends to propose a special dividend to its shareholders at the Annual General Meeting on March 26. This proposal will be published alongside other board proposals for the AGM no later than March 5.

    Please note that this notice is a disclosure of inside information per article 17 of regulation (EU) No 596/2014 on market abuse (“MAR”), which is implemented into Icelandic law with the act on measures against market abuse No 60/2021.

    The MIL Network –