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Category: GlobeNewswire

  • MIL-OSI: Correction – Diagnos Announces Closing of Private Placement

    Source: GlobeNewswire (MIL-OSI)

    In the original press release dated February 5, 2025, announcing the closing of a private placement of 6,715,370 units issued at a price of $0.30 per unit, for gross proceeds of $2,014,611, the number of units, the amount of gross proceeds and the amount of cash remuneration to finders were incorrect. The corrected news release is presented below.

    BROSSARD, Quebec, Feb. 14, 2025 (GLOBE NEWSWIRE) — DIAGNOS Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK) (OTCQB: DGNOF), a pioneer in early detection of critical health issues through the use of Artificial Intelligence (AI) technologies, announces the closing, on February 5, 2025, of a non-brokered private placement of 6,715,369 units (each a “Unit”) issued at a price of $0.30 per Unit, for gross proceeds of $2,014,610.70 (“Private Placement”).

    Each Unit consists of:

    • One (1) common share (“Share”), and
    • One (1) common share warrant (“Warrant”).

    As part of the closing of the Private Placement, 6,715,369 Warrants have been issued to the subscribers. Each Warrant can be exercised, for a period of 18 months ending on August 5, 2026, to purchase one Share at a price of $0.40 per Share.

    In connection with the closing of the Private Placement, the Corporation (i) paid cash commissions totalling $67,302.72 and (ii) issued an aggregate number of 130,821 finder’s warrants to five qualified firms acting at arm’s length to the Corporation. Each finder’s warrant entitles the holder to purchase one Share at an exercise price of $0.40 per Share for a period of 18 months ending on August 5, 2026.

    The net proceeds from the Private Placement will be used to fund product development and commercialization of AI-based screening services, regulatory affairs as well as general and administrative operations.

    All securities issued as part of the Private Placement are subject to a statutory hold period ending June 6, 2025.

    The closing of the Private Placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation.

    All monies quoted in this press release shall be stated and paid in lawful money of Canada.

    About DIAGNOS
    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical health problems based on its FLAIRE Artificial Intelligence (AI) platform. FLAIRE allows for quick modifying and developing of applications such as CARA (Computer Assisted Retina Analysis). CARA’s image enhancement algorithms provide sharper, clearer and easier-to-analyze retinal images. CARA is a cost-effective tool for real-time screening of large volumes of patients.

    Additional information is available at www.diagnos.ca and www.sedarplus.com.

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

    This press release contains forward-looking information. We cannot guarantee that the forward-looking information mentioned will prove to be accurate, as there may be a significant discrepancy between actual results or future events and those mentioned in this statement. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this press release is expressly covered by this caution.

    The MIL Network –

  • MIL-OSI: Former CEO of MoneyGram Alex Holmes Joins True I/O to Accelerate Secure Payment Systems, Real-World Asset (RWA) Transactions, and the Implementation of Blockchain Names

    Source: GlobeNewswire (MIL-OSI)

    Carlsbad, CA, Feb. 14, 2025 (GLOBE NEWSWIRE) — True I/O, an emerging leader in blockchain-based security, identification, and tokenization solutions, today announced the appointment of Alex Holmes as a Strategic Advisor. Holmes’s extensive background in fintech, global payments, and blockchain innovation brings invaluable expertise to True I/O at a pivotal time in the company’s growth.

    As a veteran of the financial services industry, Holmes served as CEO of MoneyGram, guiding the global cross-border payments leader through digital transformations that bridged traditional finance with fintech and blockchain technologies. His deep understanding of payment ecosystems, risk management, and large-scale adoption will be instrumental in accelerating True I/O’s efforts across its flagship products—UCID (Universal Communications Identifier) and Blockchain Names.

    Elevating Device Security and Tokenization Capabilities

    UCID (Universal Communications Identifier) provides real-time device security and geo-spatial intelligence. UCID offers a universal ledger for physical and digital devices, enabling instant Proof of Identity and proactive threat detection. This revolutionary product is essential in safeguarding IoT networks, supply chains, financial services, and more.

    Blockchain Names simplifies complex blockchain addresses by replacing them with intuitive, human-readable identifiers. Powered by IPFS, this user-friendly system enhances interactions with decentralized technologies—connecting wallet addresses, IPFS links, NFTs, and Metaverse assets through memorable names instead of cryptic alphanumeric strings.

     Together, these innovations form the foundation of True I/O’s vision to offer robust security, transparency, and scalability to industries aiming to digitize and tokenize real-world assets (RWAs).

    Seizing the $12 Trillion RWA Opportunity

    The global RWA tokenization market is projected to reach $12 trillion, presenting a significant growth opportunity. By leveraging UCID’s device-level security and Blockchain Names’ accessibility, True I/O delivers a seamless way to tokenize and manage real-world assets—ranging from real estate and commodities to intellectual property. With Alex Holmes’s leadership and strategic insights, the company is well-positioned to expand its market reach, forge new partnerships, and drive innovation within this burgeoning sector.

    “Having Alex join True I/O is a tremendous milestone,” said Vincent Maher, CEO of True I/O. “His experience in steering MoneyGram’s digital transformation and his success in fintech perfectly align with our mission to secure and tokenize real-world assets. We’re poised to redefine blockchain security and compliance at a global scale.”

    About Alex Holmes

    Alex Holmes is an accomplished leader in global finance and technology, recognized for his leadership at MoneyGram, where he served as CEO. Under his guidance, the international cross-border payments provider embraced cutting-edge innovations in digital payments and blockchain solutions. Holmes’s track record spans fintech, digital identity, and emerging tech, where he has consistently demonstrated the ability to develop strategies that bring novel concepts to market, scale rapidly, and drive widespread adoption.

    About True I/O

    Based in Carlsbad, CA, True I/O is revolutionizing how businesses and consumers approach security, identity, and connectivity in a decentralized world. By combining UCID—an innovative ledger for real-time device integrity—with Blockchain Names—a user-friendly naming system for blockchain addresses—True I/O is redefining global standards for trust, transparency, and proactive threat detection.

    From preventing counterfeit devices to enabling frictionless tokenization of real-world assets, True I/O stands at the forefront of Web3 innovation. Backed by blockchain, IPFS, and geo-spatial intelligence, the company’s solutions are poised to empower organizations across telecommunications, finance, IoT, healthcare, and beyond to confidently navigate an increasingly interconnected digital ecosystem.

    For more information, please visit www.trueio.io or email hello@trueio.io

    The MIL Network –

  • MIL-OSI: F&M Bank Welcomes Carly Buchanan as Chief People Officer

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, Feb. 14, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is pleased to announce Carly Buchanan as its new Chief People Officer.

    With over 18 years of HR, leadership, and organizational development experience across multiple industries, Carly will lead F&M’s Human Resources Department, driving strategic HR planning, talent acquisition, employee engagement, and organizational growth.

    Carly brings a decade of retail banking experience to her role, providing valuable insight into customer-focused strategies and operational efficiency. She holds senior HR certifications from SHRM (SHRM-SCP) and HRCI and has served as past President of the Northeast Indiana Human Resources Association. Recognized as a 2023 Fort Wayne 40 Under 40 honoree, Carly is also deeply committed to community involvement, supporting organizations like Junior Achievement, Boys and Girls Club, and the 988 Crisis Lifeline.

    “Carly’s leadership, expertise, and passion for people make her an incredible asset to F&M Bank,” said Lars Eller, President, and CEO. “Her strategic vision will strengthen our culture, enhance employee engagement, and support our mission of serving our customers and communities.”

    Carly earned her MBA and a Bachelor of Science in Business Administration from Indiana Tech. She and her family reside in Northern Indiana, where she combines professional excellence with a strong dedication to community impact.

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank    		 Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com
       

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76198bd4-ead9-4c89-b7e5-28afc0e22a0d

    The MIL Network –

  • MIL-OSI: Pinnacle Bankshares Corporation Announces 2024 4th Quarter & Full-Year Earnings

    Source: GlobeNewswire (MIL-OSI)

    ALTAVISTA, Va., Feb. 14, 2025 (GLOBE NEWSWIRE) — Net income for Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), was $2,800,000, or $1.27 per basic and diluted share, for the fourth quarter of 2024, while net income for the year ended December 31, 2024 was $9,178,000, or $4.15 per basic and diluted share.  In comparison, net income was $2,279,000, or $1.04 per basic and diluted share, and $9,762,000 or $4.45 per basic and diluted share, respectively, for the same periods of 2023.  Consolidated results for 2024 are unaudited.

    2024 4thQuarter & Full-Year Highlights
    Income Statement comparisons are to the 4thQuarter & year ended December 31, 2023
    Balance Sheet, Capital Ratios, and Stock Price comparisons are to December 31, 2023

    Income Statement

    For the 4thQuarter of 2024:

    • Net Income increased $521,000, or 23%, overall and 30% excluding Bank Owned Life Insurance (BOLI) proceeds.* 

    For 2024:

    • Net Income decreased $584,000, or 6%, overall and was approximately equal to 2023 Net Income excluding BOLI proceeds.*
    • Return on Assets was 0.92%.
    • Net Interest Income increased $2.3 million, or 7% while Net Interest Margin expanded to 3.70%.
    • Provision for Credit Losses increased to $752,000 due to loan growth of 11%. Asset Quality remains strong with low Nonperforming Loans and no Other Real Estate Owned (OREO).
    • Noninterest Income increased $499,000, or 7.5%, excluding BOLI proceeds, which was driven by higher fees from Merchant Card Processing and Sales of Mortgage Loans.*
    • Noninterest Expense increased $2.1 million, or 7%, primarily due to higher Core Operating System expenses as well as Salaries and Employee Benefits.

    Balance Sheet

    • Cash and Cash Equivalents increased $20.6 million, or 24%, to $108 million.
    • Loans increased $70.5 million, or 11%, to $712 million.
    • Securities decreased $57.8 million, or 25%, to $176 million due to maturing U.S. Treasury Notes. The Securities Portfolio is relatively short term in nature with $58 million in U.S. Treasury Notes maturing during the first four months of 2025 providing liquidity, funding, and optionality.
    • Total Assets increased $27.5 million, or 3%, to $1.04 Billion.
    • Deposits increased $18.5 million, or 2%, to $951 million with Deposit Accounts growing 4%.
    • As of year-end, Liquidity was strong at 33%, and 12% excluding Available for Sale Securities.

    Capital Ratios & Stock Price

    • The Bank’s Leverage Ratio increased to 9.21% due primarily to profitability, while its Total Risk Based Capital Ratio decreased slightly to 13.52% due to loan growth.
    • Pinnacle’s Stock Price ended the year at $31.20 per share, based on the last trade, which is an increase of $7.19, or 30%. Total Return was 34.11% for 2024.  

    *BOLI proceeds of $779,000 and $725,000 were received during the 4thQuarter of 2024 and 2023, respectively. BOLI proceeds of $779,000 and $1,363,000 were received during full-year 2024 and 2023, respectively.

    Net Income and Profitability

    Net income generated during the fourth quarter of 2024 represents a $521,000, or 23%, increase as compared to the same time period of 2023. Net of BOLI proceeds, net income generated during the fourth quarter of 2024 represents a $467,000, or 30%, increase as compared to the same time period of 2023. The increase was driven by higher net interest income and noninterest income, partially offset by higher noninterest expense and higher provision for credit losses.

    Net income generated for 2024 represents a $584,000, or 6%, decrease as compared to the prior year. Net of BOLI proceeds, net income generated for 2024 and was approximately equal to the prior year.   The overall decrease was driven by higher noninterest expense and provision for credit losses, partially offset by higher net interest income.      

    Profitability as measured by the Company’s return on average assets (“ROA”) decreased to 0.92% for 2024, as compared to 1.00% for the same time period of 2023. Correspondingly, return on average equity (“ROE”) decreased to 12.49% for 2024, as compared to 15.69% for the same time period of 2023.

    “We are pleased with Pinnacle’s 2024 core performance and investments made for our future through market expansion and talent acquisition,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank. He further commented, “Our Company continues to perform very well compared to peers and has benefitted from ample liquidity, an expanding net interest margin, and strong asset quality. These factors have contributed to enhanced returns for our shareholders through increased dividends and share price appreciation.”  

    Net Interest Income and Margin

    The Company generated $9,279,000 in net interest income for the fourth quarter of 2024, which represents a $908,000, or 11%, increase as compared to $8,371,000 for the fourth quarter of 2023. Interest income increased $1,514,000, or 14%, due to higher yields on earning assets and increased loan volume, while interest expense increased $606,000, or 23%, due to higher interest rates paid on deposits and increased certificates of deposit volume.

    The Company generated $35,448,000 in net interest income for 2024, which represents a $2,276,000, or 7%, increase as compared to $33,172,000 for 2023. Interest income increased $5,855,000, or 14%, as yield on earning assets increased 54 basis points to 4.98%. Interest expense increased $3,579,000, or 41%, due to higher interest rates paid on deposits as cost to fund earning assets increased 36 basis points to 1.28%. Net interest margin increased to 3.70% for 2024 from 3.52% for 2023.

    Reserves for Credit Losses and Asset Quality

    Provision for credit losses was $356,000 in the fourth quarter of 2024 as compared to $4,000 in the fourth quarter of 2023. For 2024, the provision for credit losses was $752,000 as compared to $70,000 in 2023. Provision expense increased for the quarter and year as a result of higher loan volume.

    The allowance for credit losses (ACL) was $5,084,000 as of December 31, 2024, which represented 0.71% of total loans outstanding.   In comparison, the ACL was $4,511,000 or 0.70% of total loans outstanding as of December 31, 2023. Non-performing loans to total loans decreased to 0.22% as of December 31, 2024, compared to 0.24% as of year-end 2023. ACL coverage of non-performing loans was 321% as of December 31, 2024, compared to 290% as of year-end 2023.   Management views the allowance balance as being sufficient to offset potential future losses in the loan portfolio.

    Noninterest Income and Expense

    Noninterest income for the fourth quarter of 2024 increased $324,000, or 14%, to $2,681,000 as compared to $2,357,000 for the fourth quarter of 2023. The increase was primarily due to a $100,000 increase in fees generated from sales of mortgage loans, a $100,000 increase in other recoveries, a $45,000 increase in BOLI returns, including earlier referenced proceeds, a $23,000 increase in merchant card fees, and a $20,000 increase in service charges on loan accounts.

    Noninterest income for 2024 decreased $85,000, or 1%, to $7,879,000 as compared to $7,964,000 for 2023. The slight decrease was mainly due to a $538,000 decrease in BOLI returns, including earlier referenced proceeds, and a $106,000 decrease in interchange fees. These decreases were partially offset by a $153,000 increase in fees generated from the sale of mortgage loans, a $126,000 increase in merchant card fees, a $98,000 increase in other recoveries, a $63,000 increase in nonsufficient funds and other deposit service charges, a $58,000 increase in service charges on loan accounts, and a $53,000 increase in commissions and fees from sales of investment and insurance products. Excluding BOLI proceeds, noninterest income increased $499,000, 7.5%, year-over-year.

    Noninterest expense for the fourth quarter of 2024 increased $280,000, or 3%, to $8,373,000 as compared to $8,093,000 for the fourth quarter of 2023. The increase was primarily due to a $310,000 increase in salaries and employee benefits, a $75,000 increase in occupancy expense, and a $24,000 increase in dealer loan expense partially offset by a $293,000 decrease in core operating system expenses.

    Noninterest expense for 2024 increased $2,137,000, or 7%, to $31,417,000 as compared to $29,280,000 for 2023. The increase was mainly due to a $758,000 increase in salaries and employee benefits, a $401,000 increase in core operating system expenses, a $213,000 increase in occupancy expense, a $210,000 in other losses, and a $133,000 increase dealer loan expenses.  

    The Balance Sheet and Liquidity

    Total assets as of December 31, 2024, were $1,043,994,000, up $27,465,000, or 3%, from $1,016,528,000 as of December 31, 2023. The principal components of the Company’s assets as of December 31, 2024, were $711,918,000 in total loans, $175,816,000 in securities, and $108,213,000 in cash and cash equivalents. For 2024, total loans increased $70,481,000, or 11%, from $641,437,000, securities decreased $57,762,000, or 25%, from $233,579,000, and cash and cash equivalents increased $20,624,000, or 24%, from $87,589,000.  

    The majority of the Company’s securities portfolio is relatively short-term in nature with forty-nine percent (49%) invested in U.S. Treasury Notes having an average maturity of less than a year with $58,000,000 maturing during the first four months of 2025. The Company’s entire securities portfolio was classified as available for sale on December 31, 2024, which provides transparency regarding unrealized losses. Unrealized losses associated within the available for sale securities portfolio were $11,817,000 as of December 31, 2024, or six percent (6%) of book value, an improvement from $14,943,000 as of December 31, 2023.

    The Company had a strong liquidity ratio of 33% as of December 31, 2024. The liquidity ratio excluding the available for sale securities portfolio was 12% providing the opportunity to sell excess funds at an attractive federal funds rate. The Company has access to multiple liquidity lines of credit through its correspondent banking relationships and the Federal Home Loan Bank. None of these contingency funding sources have been utilized.

    Total liabilities as of December 31, 2024 were $965,608,000, up $17,485,000, or 2%, from $948,123,000 as of December 31, 2023, as deposits increased $18,475,000, or 2%, in 2024 to $950,919,000 from $932,444,000. First National Bank’s number of deposit accounts increased 4% during the same time period as the Bank has benefited from the closures of large national bank branches and bank mergers within markets served along with its reputation for providing extraordinary customer service.

    Total stockholders’ equity as of December 31, 2024 was $78,386,000 and consisted primarily of $69,035,000 in retained earnings. In comparison, as of December 31, 2023 total stockholders’ equity was $68,405,000. The increase is due primarily to 2024 profitability and an increase in the market value of the securities portfolio and pension assets.   Both the Company and Bank remain “well capitalized” per all regulatory definitions.

    New Full Service Branch in South Boston

    On January 2, 2025, First National Bank opened a full service branch at 4027 Halifax Road, South Boston, Virginia. This is in addition to the Bank opening a Loan Production Office (LPO) at 97A Main Street, South Boston, Virginia in the third quarter of 2024. We have had great response from the South Boston and Halifax community and look forward to servicing customers with a community bank approach.

    Company Information

    Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville, and Lynchburg. The Company has a total of nineteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. A Loan Production Office and a full-service branch have recently been opened in the South Boston area of Halifax County. First National Bank is in its 117th year of operation.         

    Cautionary Statement Regarding Forward-Looking Statements

    This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management’s expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.

    Selected Financial Highlights are shown on the next page.

    Pinnacle Bankshares Corporation
    Selected Financial Highlights
    (12/31/2024 and 9/30/24 results unaudited)
    (In thousands, except ratios, share, and per share data)
     
      3 Months Ended
    		   3 Months Ended
    		   3 Months Ended
    		  
    Income Statement Highlights 12/31/2024
    		   9/30/2024
    		   12/31/2023
    		  
    Interest Income $ 12,543   $ 12,262   $ 11,029  
    Interest Expense   3,264     3,321     2,658  
    Net Interest Income   9,279     8,941     8,371  
    Provision for Credit Losses   356     136     4  
    Noninterest Income   2,681     1,763     2,357  
    Noninterest Expense   8,373     7,961     8,093  
    Net Income   2,800     2,085     2,279  
    Earnings Per Share (Basic)   1.27     0.94     1.04  
    Earnings Per Share (Diluted)   1.27     0.94     1.04  
           
      Year Ended
    		   Year Ended
    		   Year Ended
    		  
    Income Statement Highlights 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Interest Income $ 47,743   $ 41,888   $ 31,788  
    Interest Expense   12,295     8,716     1,348  
    Net Interest Income   35,448     33,172     30,440  
    Provision for Credit Losses   752     70     190  
    Noninterest Income   7,879     7,964     7,023  
    Noninterest Expense   31,417     29,280     27,237  
    Net Income   9,178     9,762     8,242  
    Earnings Per Share (Basic)   4.15     4.45     3.78  
    Earnings Per Share (Diluted)   4.15     4.45     3.78  
           
    Balance Sheet Highlights 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Cash and Cash Equivalents $ 108,213   $ 87,589   $ 36,521  
    Total Loans   711,918     641,437     632,896  
    Total Securities   175,816     233,579     251,114  
    Total Assets   1,043,994     1,016,528     969,931  
    Total Deposits   950,919     932,444     899,238  
    Total Liabilities   965,608     948,123     912,923  
    Stockholders’ Equity   78,386     68,405     57,008  
    Shares Outstanding   2,212,270     2,198,158     2,178,486  
           
    Ratios and Stock Price 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Gross Loan-to-Deposit Ratio   74.87 %   68.79 %   70.38 %
    Net Interest Margin (Year-to-date)   3.70 %   3.52 %   3.18 %
    Liquidity   32.60 %   37.27 %   32.68 %
    Efficiency Ratio   72.49 %   71.20 %   72.71 %
    Return on Average Assets (ROA)   0.92 %   1.00 %   0.82 %
    Return on Average Equity (ROE)   12.49 %   15.69 %   14.62 %
    Leverage Ratio (Bank)   9.21 %   8.82 %   8.06 %
    Tier 1 Capital Ratio (Bank)   12.81 %   12.98 %   12.03 %
    Total Capital Ratio (Bank)   13.52 %   13.67 %   12.63 %
    Stock Price $ 31.20   $ 24.01   $ 19.20  
    Book Value $ 35.43   $ 31.12   $ 26.17  
           
           
    Asset Quality Highlights 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Nonaccruing Loans $ 1,582   $ 1,557   $ 1,561  
    Loans 90 Days or More Past Due and Accruing   0     0     221  
    Total Nonperforming Loans   1,582     1,557     1,782  
    Loan Modifications   109     357     1,056  
    Loans Individually Evaluated   2,010     2,287     2,884  
    Other Real Estate Owned (OREO) (Foreclosed Assets)   0     0     0  
    Total Nonperforming Assets   1,582     1,557     1,782  
    Nonperforming Loans to Total Loans   0.22 %   0.24 %   0.28 %
    Nonperforming Assets to Total Assets   0.15 %   0.15 %   0.18 %
    Allowance for Credit Losses $ 5,084   $ 4,511   $ 3,853  
    Allowance for Credit Losses to Total Loans   0.71 %   0.70 %   0.61 %
    Allowance for Credit Losses to Nonperforming Loans   321 %   290 %   216 %


    CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or     bryanlemley@1stnatbk.com

    The MIL Network –

  • MIL-OSI: Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    COLDWATER, Mich., Feb. 14, 2025 (GLOBE NEWSWIRE) — Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced fourth quarter net income of $2,650,000, or $0.57 per share, compared to net income of $2,437,000, or $0.54 per share, for the fourth quarter of 2023. Southern earned $10,402,000 or $2.28 per share, for the year ended December 31, 2024, compared with $10,905,000 or $2.40 per share, for the same period one year ago.

    John R. Waldron, President and Chief Executive Officer of Southern Michigan Bancorp, Inc., stated, “2024 was another solid year with total assets reaching approximately $1.5 billion. During the year ended December 31, 2024, total loans and deposits grew to $1.116 billion and $1.252 billion, respectively. While our earnings continue to be impacted by the current interest rate environment, we remain encouraged by the strength of our core deposits and our ability to maintain asset quality.”

    The allowance for credit losses totaled $12,782,000, or 1.14% of loans on December 31, 2024, compared to $11,697,000, or 1.13% on December 31, 2023. Net loan charge-offs totaled $27,000 for 2024, compared to $15,000 for 2023. Non-performing loans as a percentage of total loans were 0.08% on December 31, 2024 and December 31, 2023.

    The annualized return on average assets for the years ended December 31, 2024, and December 31, 2023, was 0.71% and 0.80%, respectively. The annualized return on average equity was 10.07% for 2024 compared to 11.94% for 2023. The tax equivalent net interest margin for the years ending December 31, 2024, and 2023 was 2.98% and 3.16%, respectively.

    Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 18 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo and St. Joseph Counties providing a broad range of consumer, business and wealth management services throughout the region.

    This press release contains forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and Southern Michigan Bancorp, Inc. Forward-looking statements are identifiable by words or phrases such as “expected,” “begin,” and other similar words or expressions. All statements with reference to a future time period are forward-looking. Management’s determination of the provision and allowance for credit losses and other accounting estimates, such as the carrying value of goodwill, other real estate owned, mortgage servicing rights and the fair value of investment securities, involves judgments that are inherently forward-looking. The future effect of changes in the financial and credit markets and the national and regional economy on the banking industry, generally, and Southern Michigan Bancorp, Inc., specifically, are also inherently uncertain. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions (“risk factors”) that are difficult to predict with regard to timing, extend, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed in or implied by such forward-looking statements. Southern Michigan Bancorp, Inc. does not undertake to update forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.

     
    SOUTHERN MICHIGAN BANCORP, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
     
    (In thousands, except share data)              
      December 31,
    2024    		   December 31,
    2023    		  
    ASSETS            
    Cash and cash equivalents $ 73,737   $ 71,620  
    Federal funds sold   259     1,468  
    Securities available for sale, at fair value   159,320     169,740  
    Securities held-to-maturity, at amortized cost   60,454     61,600  
    Loans held-for-sale   995     169  
    Loans, net of allowance for credit losses of $12,782 – 2024, $11,697 – 2023   1,103,652     1,024,720  
    Premises and equipment, net   25,600     23,114  
    Net cash surrender value of life insurance   23,139     22,472  
    Goodwill   13,422     13,422  
    Other intangible assets, net   111     147  
    Other assets   35,866     26,323  
    TOTAL ASSETS $ 1,496,555   $ 1,414,795  
                 
    LIABILITIES            
    Deposits:            
    Non-interest bearing $ 223,583   $ 226,178  
    Interest bearing   1,028,212     931,793  
    Total deposits   1,251,795     1,157,971  
                 
    Securities sold under agreements to repurchase and overnight borrowings   1,560     1,738  
    Accrued expenses and other liabilities   18,355     15,703  
    Other borrowings   82,900     106,900  
    Subordinated debentures   34,722     34,653  
    Total liabilities   1,389,332     1,316,965  
                 
    SHAREHOLDERS’ EQUITY            
    Preferred stock, 100,000 shares authorized; none issued or outstanding   –     –  
    Common stock, $2.50 par value:            
    Authorized – 10,000,000 shares            
    Issued and outstanding – 4,577,107 shares in 2024,
    4,533,637 shares in 2023    		   11,438     11,330  
    Additional paid-in capital   13,438     13,126  
    Retained earnings   97,462     89,808  
    Accumulated other comprehensive loss   (15,115 )   (16,434 )
    Total shareholders’ equity   107,223     97,830  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,496,555   $ 1,414,795  
     
    SOUTHERN MICHIGAN BANCORP, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
     
    (In thousands, except per share data)
     
      Three Months Ended
    December 31,    		   Year Ended
    December 31,    		  
      2024   2023   2024   2023  
    Interest income:                        
    Loans, including fees $ 16,628   $ 15,308   $ 64,376   $ 54,887  
    Federal funds sold and balances with banks   999     766     4,629     3,125  
    Securities:                        
    Taxable   1,376     1,635     5,889     6,291  
    Tax-exempt   318     304     1,222     1,265  
    Total interest income   19,321     18,013     76,116     65,568  
                             
    Interest expense:                        
    Deposits   7,358     6,077     29,013     20,593  
    Other   1,315     1,606     6,016     4,995  
    Total interest expense   8,673     7,683     35,029     25,588  
    Net interest income   10,648     10,330     41,087     39,980  
    Provision for credit losses   353     –     1,014     950  
    Net interest income after provision for credit losses   10,295     10,330     40,073     39,030  
                             
    Non-interest income:                        
    Service charges on deposit accounts   422     422     1,692     1,670  
    Trust fees   704     632     2,744     2,419  
    Net gains on loan sales   253     119     672     305  
    Earnings on life insurance assets   170     161     667     617  
    ATM and debit card fee income   462     447     1,818     1,786  
    Other   289     296     898     941  
    Total non-interest income   2,300     2,077     8,491     7,738  
                             
    Non-interest expense:                        
    Salaries and employee benefits   6,233     5,836     22,388     20,586  
    Occupancy, net   540     416     2,054     1,813  
    Equipment   425     385     1,658     1,449  
    Professional and outside services   581     770     2,156     2,243  
    Software maintenance   635     608     2,452     2,247  
    ATM expenses   212     201     841     803  
    Printing, postage, and supplies   97     118     510     437  
    Telecommunication expenses   73     109     313     376  
    Other   1,096     940     4,053     3,466  
    Total non-interest expense   9,892     9,383     36,425     33,420  
    INCOME BEFORE INCOME TAXES   2,703     3,024     12,139     13,348  
    Federal income tax provision   53     587     1,737     2,443  
    NET INCOME $ 2,650   $ 2,437   $ 10,402   $ 10,905  
                             
    Basic Earnings Per Common Share $ 0.57   $ 0.54   $ 2.28   $ 2.40  
    Diluted Earnings Per Common Share   0.57     0.54     2.28     2.40  
    Dividends Declared Per Common Share   0.15     0.14     0.60     0.56  

    The MIL Network –

  • MIL-OSI: Calian Reports on the Election of Directors Voting Results 

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, Feb. 14, 2025 (GLOBE NEWSWIRE) — The following matter was voted upon at the Annual Meeting of Shareholders of Calian® Group Ltd. (TSX:CGY), held on February 13, 2025 in Ottawa, Ontario. This and other matters voted upon are described in greater detail in the Notice of Annual Meeting of Shareholders and Management Proxy Circular dated December 30, 2024.  

    Detailed results of the vote for the election of directors are set out below.    

      
    Name of Nominee      		   
    Votes For      		   
    % Votes For      		   
    Votes Against     		   
    % Votes Against 
    George Weber   6,474,389 82.99% 1,327,223 17.01%
    Josh Blair 7,786,162 99.80% 15,450 0.20%
    Kevin Ford   7,788,179 99.83% 13,433 0.17%
    Lisa Greatrix 7,781,072 99.74% 20,540 0.26%
    Lori O’Neill  7,630,438 97.81% 171,174 2.19%
    Young Park   7,634,699 97.86% 166,913 2.14%
    Jo-Anne Poirier   7,635,858 97.88% 165,754 2.12%
    Royden Ronald Richardson   7,633,263 97.84% 168,349 2.16%
    Valerie Sorbie  7,638,974 97.92% 162,638 2.08%

      
    For more details, including the outcome of other matters that came before the Meeting, please see the report of voting results filed at www.sedarplus.ca.   

    About Calian

    www.calian.com

    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.

    Media inquiries:

    media@calian.com

    613-599-8600

    Investor Relations inquiries:

    ir@calian.com

    —————————————————————————–

    DISCLAIMER

    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI: ITC bars importation of power modules and unlicensed computing systems that infringe Vicor patents

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 14, 2025 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today announced that, on February 13, the International Trade Commission (“ITC”) issued a Notice of Final Determination in its Investigation No. 337-TA-1370 (“In the Matter of Certain Power Converter Modules and Computing Systems Containing the Same”), confirming that Vicor U.S. Patent Nos. 9,516,761 (“’761 patent”) and 9,166,481 (“’481 patent”) are valid and infringed, and that unlicensed computing systems containing infringing power modules should be barred from importation into the United States.

    The ITC issued a Limited Exclusion Order against all Respondents and Cease and Desist Orders against Respondents Delta Electronics (Americas) Ltd., Quanta Computer USA Inc. and Quanta Computer Inc., FII USA Inc., and Ingrasys Technology USA Inc.

    Following the determination, for a mandatory 60-day presidential review period, Respondents may import infringing power modules and computing systems upon posting a bond. The ITC set the bond amount for the computing systems at 100% of the system’s value. Following the expiration of the presidential review period, Respondents would be prohibited from importing infringing power modules and computing systems.

    The Final Determination reversed a prior finding that Foxconn Respondents did not have a license to Vicor patents and instead found that two Foxconn affiliates—FII USA, Inc. and Ingrasys Technology, Inc.—have a license to the ’761 patent, based on boilerplate clauses in these entities’ purchase orders for Vicor components. Vicor intends to appeal this finding to the Federal Circuit.

    “As expected, Respondents are now subject to exclusion and cease and desist orders, exposing their unlicensed customers to severe consequences,” stated Chief Executive Officer Dr. Patrizio Vinciarelli. “Mindful of the risk of AI and computing systems being barred from importation into the U.S., certain OEM and non-OEM customers of infringing contract manufacturers have taken licenses. We look forward to additional steps to protect Vicor IP, including a trial in the Eastern District of Texas, where Vicor seeks monetary damages for willful infringement.”

    For more information on Vicor and its products, please visit the Company’s website at www.vicorpower.com.

    About Vicor

    Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, aerospace and defense. www.vicorpower.com

    Vicor is a registered trademark of Vicor Corporation.

    Contact

    James F. Schmidt
    Chief Financial Officer
    Office: (978) 470-2900
    Email: invrel@vicorpower.com

    The MIL Network –

  • MIL-OSI: STEALTHGAS INC. Announces the Date for the Release of the Fourth Quarter and Twelve Months 2024 Financial and Operating Results, Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, Feb. 14, 2025 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its fourth quarter operating and financial results for the period ended December 31, 2024 before the market opens in New York on February 21, 2025.

    On February 21, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

    Conference Call details: Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

    Online Registration:
    https://register.vevent.com/register/BIa607c71e1abf4ac08816dfc43bd8d733

    Slides and audio webcast:
    There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.       

    About STEALTHGAS INC.
    StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc.’s fleet consists of fully pressurised, semi refrigerated and fully refrigerated vessels. StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”

    Visit our website at www.stealthgas.com

    The MIL Network –

  • MIL-OSI: ICBA and First Federal Savings Bank: How Relationship Banking Funds Local Prosperity

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) — First Federal Savings Bank and Independent Community Bankers of America® (ICBA) are reminding consumers that banking locally is an investment in the community and creates a lifelong relationship with a hometown lender with community ties and a vested interest in their customers’ financial success.

    “At First Federal Savings Bank, we believe that banking is about more than transactions – it’s about relationships and giving back to the place we call home. Thank you for being part of our story. We pledge to continue supporting local initiatives, investing in our neighbors, and making a positive difference together,” said Courtney Schmitt, VP, Marketing Manager.

    Community banks are financial stewards of their communities, funding more than 60 percent of small businesses, more than 80 percent of agricultural loans, and helping local families finance major purchases and build financial security. Community banks:

    • Respect and honor community ties by channeling loans to neighborhoods where their depositors live and work, which helps drive the local economy.
    • Are relationship lenders, taking a holistic approach to lending to consider numerous data sources, including credit history and discretionary spending.
    • Understand and embrace local businesses. The Federal Reserve has repeatedly found that small businesses that apply for loans with community banks are more successful and satisfied.
    • Are innovative, partnering with technology providers (as showcased through ICBA’s Innovation initiatives), to deliver high-tech, high-touch experiences.
    • Give back. Serving local communities is a part of the community bank tradition, as reflected in ICBA’s National Community Bank Service Awards.

    “Community banks are motivated to provide support through every phase of your financial journey, building a reputation as relationship lenders,” ICBA President and CEO Rebeca Romero Rainey said. “ICBA is proud to represent the nation’s community bankers who are not only committed to empowering their customers to succeed financially but also to strengthening the communities they serve.”

    For more information about community banks and to find one of First Federal’s local branches, visit banklocally.org. Join the conversation on social media with the hashtag #BankLocally.

    About First Federal Savings Bank Member FDIC

    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    About ICBA
    The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

    As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.

    The MIL Network –

  • MIL-OSI: xSuite Showcases AI-Driven Accounts Payable Solutions at SAPinsider Las Vegas 2025

    Source: GlobeNewswire (MIL-OSI)

    Framingham, MA / Las Vegas, NV, February 14, 2025 – xSuite, a leading software provider specializing in Accounts Payable Invoice Automation, will showcase its latest workflow solutions at SAPinsider Las Vegas 2025, taking place from March 18–20, 2025, at the Bellagio Hotel & Casino.

    This highly anticipated event serves as a global hub for SAP professionals, providing attendees with the opportunity to explore cutting-edge technologies and actionable strategies to enhance SAP environments. Whether you’re a seasoned expert or new to SAP, SAPinsider Las Vegas promises hands-on insights and valuable networking opportunities with industry leaders and peers.

    Visit xSuite at Booth #205
    xSuite invites attendees to experience its innovative solutions firsthand through live demos, interactive sessions, and engaging activities. At Booth #205, visitors can gain valuable insights into how xSuite leverages AI on the SAP Business Technology Platform (SAP BTP) to revolutionize Accounts Payable processes.

    Don’t Miss xSuite’s Featured Sessions

    xSuite is proud to host a series of expert-led sessions designed to help organizations optimize their AP processes and maximize the benefits of SAP technology.

    Session Highlights:

    • March 19, 11:40 AM: Customer Success Story with TDS, Inc. – Matthew Dolezol, Senior Manager of A/P, T&E, Payroll, and Cash at TDS, and Sanjeev Gupta, Senior SAP Consultant at xSuite will present how the company streamlined its AP operations using xSuite’s solutions.
    • March 18, 11:10 AM: The Key to S/4HANA Success” with Jan Schulze, xSuite’s Global Vice President Product Management will discuss how AI plays a critical role in Accounts Payable transformation on SAP BTP.
    • March 19, 2:00 PM: “Automating AP Workflows” with Bob Buettner, Senior Account Executive at xSuite. Bob Buettner will explore how automation reduces costs and transforms Accounts Payable workflows.

    Event Details
    Date: March 18–20, 2025
    Location: Bellagio Hotel & Casino, Las Vegas
    xSuite Booth: #205

    Learn more about SAPinsider Las Vegas 2025 and register today:
    SAPinsider Las Vegas 2025

    About xSuite
    With offices in Asia, Europe, and the U.S., xSuite is a leading innovator in optimizing SAP-based P2P workflows. The company provides software solutions and implementation services to over 1,600 clients worldwide, making it a trusted partner in modernizing AP systems and automating manual, paper-based processes.

    For media inquiries, please contact:
     Caitlyn Paroff
    Field Marketing Manager North America
    xSuite North America Inc
    Caitlyn.Paroff@xsuite.com
    Tel. +1 603-913-4323

    The MIL Network –

  • MIL-OSI: Form 8.5 (EPT/RI)- Amendment of Dowlais Group plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI) Amendment

    Amendment Section 2(a)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Name of exempt principal trader: Investec Bank plc
    (b)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Dowlais Group Plc        
    (c)        Name of the party to the offer with which exempt principal trader is connected: Investec is Broker to Dowlais Group Plc
    (d)        Date dealing undertaken: 05th February 2025
    (e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received

    Ordinary shares

    Purchases

    1,501,500

    69.575

    68.75

    Ordinary shares

    Sales

    1,343,410

    69.6

    68.75

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    N/A N/A N/A N/A N/A

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    N/A N/A N/A N/A N/A N/A N/A N/A

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
    N/A N/A N/A N/A N/A

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    N/A N/A N/A N/A

    3.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None
    Date of disclosure: 14thFebruary 2025
    Contact name: Priyali Bhattacharjee
    Telephone number: +91 9768034903

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Goldmoney Inc. Reports Results for the Quarter Ended December 31, 2024; Announces Restatement of 2024 audited comparative Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    TORTOLA, British Virgin Islands, Feb. 14, 2025 (GLOBE NEWSWIRE) — Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”) today announced financial results for the fiscal 2025 third quarter period ended December 31, 2024. All amounts are expressed in Canadian dollars unless otherwise noted.

    Financial statements are available online at Sedar+ www.sedarplus.ca.

    Financial Highlights

    • Group Tangible Capital of $138.8 million, an increase of 2.6% QoQ
    • Group Tangible Capital per Share of $10.40, an increase of 1.4% QoQ
    • Group Tangible Capital per Share excluding MENE of $9.45 per share, an increase of 1.6% QoQ
    • Adjusted Net Income of $3.9 million, a decrease of 11.2% QoQ

    Quarterly Performance Metrics Table

      Q3 Q2   Q1   Q4   Q3   Q2 Q1   Q4  
    Key Performance Metrics (Balance Sheet)      
    Shares outstanding 13,348 13,182   13,060   13,137   13,449   13,777 13,926   13,996  
    Shareholder equity 152,487 149,026   147,984   141,178   173,761   172,602 173,224   172,123  
    Tangible equity inclusive of MENE 138,832 135,299   133,780   126,100   147,078   143,019 143,475   142,203  
    Tangible equity exclusive of MENE 126,164 122,631   113,217   105,457   113,059   108,396 108,756   107,599  
    Tangible equity per share ($CAD) 10.40 10.26   10.24   9.60   10.94   10.38 10.30   10.16  
    Tangible equity per share exclusive of MENE 9.45 9.30   8.67   8.03   8.41   7.87 7.81   7.69  
    Key Performance Metrics (Operational)      
    Net income (loss) 2,891 (3,896 ) 5,132   (32,095 ) 6,005   2,009 1,995   (4,050 )
    Total comprehensive income (loss) 2,628 792   6,077   (30,640 ) 7,391   627 1,651   (4,053 )
    Adjustments for revaluations, FX, stock
    compensation, and non-cash items    		 1,246 3,569   550   34,857   (1,350 ) 2,310 1,903   7,020  
    Non-IFRS adjusted net income 3,874 4,361   6,627   4,217   6,040   2,937 3,554   2,966  
    Key Performance Metrics (Earnings per Share)      
    Basic earnings (loss) per share 0.22 (0.29 ) 0.39   (2.42 ) 0.44   0.15 0.14   (0.27 )
    Diluted earnings (loss) per share 0.22 (0.29 ) 0.38   (2.42 ) 0.44   0.14 0.14   (0.27 )
    Non-IFRS adjusted net income per share 0.29 0.33   0.51   0.32   0.45   0.21 0.26   0.21  
                                 

    Financial Statement Restatement

    Goldmoney also announces the restatement of previously issued financial statements for the years ended March 31, 2024 and 2023 (the “Restatement”).

    Since the Company’s wholly owned subsidiary Goldmoney.com was founded, client cash and client precious metals had been treated as an off-balance sheet item and clearly disclosed as such in the Notes to the Company’s audited annual financial statements. The Restatement recognizes and presents client cash within Goldmoney.com on the Company’s consolidated balance sheet with a corresponding liability. This has been presented in prior years as a line item separate from the Company’s cash and cash equivalents. Consequently, the March 31, 2024, audited consolidated financial statements have been restated to capture this change in presentation, along with the related management’s discussion and analysis, and the 2024 Annual Information Form (collectively, the “Restatement Package”). This restated accounting presentation for client cash has also been reflected in the Company’s December 31, 2024, unaudited interim financial statements. There has been no impact to the Company’s financial statement presentation of historic equity or earnings as a result of this restatement.

    The Restatement has been approved by the Board of Directors on the recommendation of the Audit Committee and management in connection with a review of its historic accounting treatment of client cash as off-balance sheet assets. Management considers these restatements to result from a material weakness in internal controls over financial reporting, and accordingly has implemented measures to address this weakness. As described in the restated annual information form and other public disclosure, Goldmoney Inc.’s wholly owned subsidiary Goldmoney.com operates an online platform which provides clients with access to purchase and sell precious metals, and to arrange for custody and storage in accordance with the terms of a standard-form client agreement available on the Goldmoney website (the “Client Agreement”). Cash balances used to settle purchases and sales are held in Company bank accounts.

    Shareholders and users of Goldmoney’s financial statements should note that the Restatement is not a result of any change to its operations, business or financial operating performance for the restated periods. The Company continues to hold customer cash on behalf of its clients in accordance with and in full compliance with all of the terms of the Client Agreement.

    The Restatement Documents have been filed at Sedar+ www.sedarplus.ca with the unaudited interim financial statements for the three- and nine-month period ended December 31, 2024, with restated unaudited comparative interim financial statements the three- and nine-month period ended December 31, 2023.

    The effect of the restatement on the condensed consolidated interim statement of financial position and condensed consolidated interim statements of cash flows for the periods ended June 30, 2024 and September 30, 2024 are as follows:

                 
    Effect on Condensed Consolidated Interim Statements of Financial Position        
                 
    As at June 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Client cash   –     61,472,682   61,472,682  
    Total assets   193,484,934     61,472,682   254,957,616  
                 
    Client liabilities   –     61,472,682   61,472,682  
    Total liabilities   45,500,586     61,472,682   106,973,268  
    Total liabilities and shareholders’ equity   193,484,934     61,472,682   254,957,616  
                 
    As at September 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Client cash   –     67,446,073   67,446,073  
    Total assets   195,538,391     67,446,073   262,984,464  
                 
    Client liabilities   –     67,446,073   67,446,073  
    Total liabilities   46,512,066     67,446,073   113,958,139  
    Total liabilities and shareholders’ equity   195,538,391     67,446,073   262,984,464  
                 
    Effect on Condensed Consolidated Interim Statements of Cash Flows        
                 
                 
    For the three month period ended June 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Net cash provided by operating activities   7,683,278     2,859,508   10,542,786  
    Net cash used in investing activities   (6,963,178 )   –   (6,963,178 )
    Net cash used in financing activities   (1,328,262 )   –   (1,328,262 )
    Decrease in cash and cash equivalents and client cash   (608,162 )   2,859,508   2,251,346  
                 
    For the three month period ended September 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Net cash provided by operating activities   4,726,457     5,973,391   10,699,848  
    Net cash used in investing activities   (6,793,363 )   –   (6,793,363 )
    Net cash used in financing activities   (1,640,059 )   –   (1,640,059 )
    Decrease in cash and cash equivalents and client cash   (3,706,965 )   5,973,391   2,266,426  
                     
    For the six month period ended September 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Net cash provided by operating activities   12,409,735     8,832,899   21,242,634  
    Net cash used in investing activities   (13,756,541 )   –   (13,756,541 )
    Net cash used in financing activities   (2,968,321 )   –   (2,968,321 )
    Decrease in cash and cash equivalents and client cash   (4,315,127 )   8,832,899   4,517,772  
                 

    About Goldmoney Inc.

    Founded in 2001, Goldmoney (TSX:XAU) is a TSX listed company invested in the real economy. The leading custodians and traders of precious metals, Goldmoney Inc. also owns and operates businesses in jewelry manufacturing and property investment. For more information about Goldmoney, visit goldmoney.com.

    Financial Information and IFRS Standards

    The selected financial information included in this release is qualified in its entirety by, and should be read together with, the Company’s amended and restated consolidated financial statements for the fiscal year ended March 31, 2024 and prepared in accordance with IFRS Accounting Standards (“IFRS”) and the corresponding restated management’s discussion and analysis (“MD&A”), which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Non-IFRS Measures

    This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company’s performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company’s operating results.

    Tangible Capital is a non-IFRS measure. This figure excludes from total shareholder equity (i) intangibles, and (ii) goodwill, and is useful to demonstrate the tangible capital employed by the business.

    Non-IFRS Adjusted Net Income is a non-IFRS measure, defined as total comprehensive income (loss) adjusted for non-cash and non-core items which include, but is not limited to, revaluation of precious metal inventories, fair value movements, stock-based compensation, depreciation and amortization, foreign exchange fluctuations and gains and losses on investments.

    For a full reconciliation of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled “Reconciliation of Non-IFRS Financial Measures” in the Company’s MD&A for the year ended March 31, 2024.

    Media and Investor Relations inquiries:

    Sean Ty
    Chief Financial Officer
    Goldmoney Inc.
    +1 647 250 7098

    Forward-Looking Statements

    This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “may”, “potential” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. 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 information will not occur. Such forward-looking information in this release speak only as of the date hereof.

    Forward-looking information in this release includes, but is not limited to, statements with respect to: financial performance and growth of the Company’s business; expected results of operations, the market for the Company’s products and services and competitive conditions; the establishment of a real estate investment strategy and the success of the Company’s real estate portfolio; the expected value and return on investment in the Company’s real estate acquisitions, and the properties described herein (the “Properties”) in particular, the ability of the current tenants on the Properties to meet their rental obligations, the future state of the Properties and the environment surrounding it, the ability of the Company to maintain and service the indebtedness incurred to acquire the properties, including any future refinancings, the ability of the Company to redevelop the properties as anticipated and, in general, return value from the Properties to shareholders; and the basis for the Restatement. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s operating history; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company’s common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company’s operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company’s ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; the global inflationary environment and its effect on real estate prices, interest rates, and the Properties in particular; the ability of the Company to integrate the Properties into its current operations; the anticipated value and income growth in connection with the Properties; the ability to maintain current and procure future commercial tenants for the Properties; the surrounding environment and infrastructure of the Properties remaining suitable; the ability to redevelop the Properties on terms which are economic or at all; the anticipated variable interest rate for the loan used to finance the acquisition of the Properties, and the effect on this interest rate from the SONIA as set by the Bank of England; the ability to successfully develop and manage the Company’s real estate portfolio; the risks of concentration of the Company’s real estate portfolio in the United Kingdom; effectiveness of the Company’s risk management and internal controls; use of the Company’s services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; the potential that additional restatements of the financial statements will be required; the impact on the Company’s reputation and customer relation in respect of the Restatement; risks associated with regulatory reviews and investigations; risks that the Restatement or any future required restatement may negatively affect the Company’s financial condition or result in additional liabilities; the potential impact on investor confidence, market perception, and the Company’s reputation in respect of the Restatement; risks related to maintaining adequate liquidity and access to capital while resolving restatement matters; and those risks set out in the Company’s most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.

    The MIL Network –

  • MIL-OSI: Hashdex Announces Launch of Hashdex Nasdaq Crypto Index US ETF (Ticker: NCIQ), Offering US Investors Exposure to Bitcoin and Ether Through a Single Product

    Source: GlobeNewswire (MIL-OSI)

    Product structured to provide crypto asset exposure by tracking the Nasdaq Crypto US™ Index (NCIUS™), a benchmark for institutional investment in certain market-leading crypto assets

    Hashdex and Nasdaq Global Indexes continue to be at the forefront of crypto index product innovation, offering investors and wealth managers access to the first multi-asset spot crypto ETP in the United States

    New York, February 14, 2025 – Hashdex Asset Management Ltd. (“Hashdex”), a leading global crypto-focused asset manager, and Nasdaq Global Indexes, which has been creating innovative, transparent indexes for more than 50 years, today announced the launch of the Hashdex Nasdaq Crypto Index US ETF (the “Product” or “NCIQ”) [Ticker: NCIQ], the first multi-asset spot crypto exchange traded product (“ETP”) available to U.S. investors. The Product, which is now trading on the Nasdaq Stock Market® under ticker NCIQ, currently offers exposure to both spot bitcoin (“BTC”) and ether (“ETH”). NCIQ’s management fee is contractually set at 0.25% per annum of the daily net asset value (“NAV”) of the Product through the end of 2025, and then 0.50% thereafter.

    The Hashdex Nasdaq Crypto Index US ETF provides U.S. investors with direct access to the two leading crypto assets by trading volume in the U.S., currently with a combined market capitalization of over $2.3 trillion,1 all through one tradeable product. NCIQ tracks the Nasdaq Crypto US™ Index (“NCIUS”), which was co-developed by Nasdaq Global Indexes and Hashdex to measure the performance of a material portion of the overall crypto asset market by investing in the index constituents. The NCIUS is based on strict criteria like liquidity, market capitalization, and regulatory compliance. Currently, only bitcoin and ether are eligible for inclusion in the NCIUS. The launch of NCIQ builds on Hashdex’s track record of innovation and global market leadership in crypto index-based products, with the firm currently managing the largest multi-asset crypto ETP in Europe2 and the largest ETF in Latin America.3

    “Since our founding, Hashdex has held the belief that a basket of crypto assets offers multiple benefits and is a great way for many investors to participate in the crypto ecosystem. Until today, U.S. investors have been forced to either purchase coins directly or invest in single-asset vehicles,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex. “Now, with the launch of NCIQ, we are proud to deliver a familiar and readily tradeable U.S.-based product that provides seamless exposure to bitcoin and ether. Alongside our partners at Nasdaq Global Indexes, we are thrilled to take this exciting step in bringing our expertise in crypto index and crypto index-based products to U.S. investors, and we look forward to continuing to deliver innovative crypto index products as the industry and regulatory landscape further evolves.”

    The launch of NCIQ marks an important milestone in the U.S. crypto market and continues the long-term partnership between Hashdex and Nasdaq Global Indexes. Hashdex and Nasdaq Global Indexes have been among the pioneers in developing crypto index and index-based products since 2021.

    “Nasdaq Global Indexes and Hashdex share a mission of advancing crypto asset indexes and financial vehicles to meet the ever-growing demand from investors looking for access to the rapidly evolving crypto sector,” said Cameron Lilja, Vice President and Global Head of Index Product and Operations, Nasdaq Global Indexes. “Nasdaq Crypto™ Indexes offer a standardized approach to capturing the performance of a material portion of the overall crypto asset market, serving as a guidepost in the dynamic crypto asset landscape. Today’s announcement marks a significant step forward in bringing a rules-based methodology-driven benchmark to US investors, adding to comparable products in Europe and Latin America.”

    Hashdex serves as the sponsor for NCIQ. Paralel Distributors LLC serves as marketing agent, and Coinbase Custody and BitGo Trust serve as crypto asset custodians. Nasdaq serves as the index administrator and listing venue. The fund administrator is U.S. Bank Global Fund Services.

    “With interest in crypto asset ETFs continuing to grow, reaching over $120 billion in U.S. AUM alone4, we believe that what investors really need is an easy, passive way to invest in a product that is constantly evolving to capture the latest trends in the broader crypto market. With a structure similar to traditional index products, NCIQ offers investors a multi-asset investment approach that is proven, familiar, and readily tradeable,” said Samir Kerbage, CIO at Hashdex. “As the crypto market continues to develop, we expect there to be ongoing volatility with newer coins that disrupt the market share of bitcoin, ether and other dominant assets, and we expect index-based products will enable wealth managers and investors to benefit from the growth of the rapidly changing sector without needing to be actively managing single asset crypto exposure.”

    Hashdex has no role in maintaining, calculating or publishing NCIUS.

    A registration statement (including a prospectus) has been filed with the SEC for the offering to which this communication relates and can be found here: https://www.sec.gov/Archives/edgar/data/2031069/000121390025013738/ea0209567-10.htm. Before you invest, you should read the prospectus in that registration statement and other documents that have been filed with the SEC for more complete information about NCIQ and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Hashdex will arrange to send you the prospectus, if you request it by calling toll-free 917-525-5635.

    About Hashdex
    Hashdex is a global pioneer in crypto asset management. The firm’s mission is to provide educational resources and best-in-class products that advance its efforts to help open the crypto ecosystem to investors around the world. Hashdex co-developed the Nasdaq Crypto™ Index (NCI™) with Nasdaq to provide global investors with a reliable benchmark for the crypto asset class. In 2021, Hashdex introduced the world’s first crypto ETF5 and other innovative products, enabling over 350,000 investors to simply and securely add crypto to their portfolios. Since 2018, Hashdex has established itself as a global leader in crypto index ETFs, helping to pave the way for crypto’s mainstream adoption across eight countries. Hashdex currently offers 4 index products tracking the global version of the NCI™, including the largest multi-asset crypto ETF in the world.6 Additionally, the Hashdex Nasdaq Crypto Index Europe ETP (“HASH”) is the largest multi-asset crypto ETP in Europe and recently won ETF Stream’s Digital Asset ETP of the year award.7 The firm’s total AUM across its range of products is more than $1.3 billion.8

    Hashdex Media Contacts:
    Kendal Till/Josh Gerth
    Dukas Linden Public Relations
    Hashdex@DLPR.com

    Legal Disclaimer

    Carefully consider the investment objectives, risks, charges and expenses before investing.

    Investing involves risk, including possible loss of principal. The Product, an exchange traded product, is not an investment company registered under the Investment Company Act of 1940 (“1940 Act”). Shares of the Product are not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.

    Shares of the Product are bought and sold at a market price, not at net asset value. Brokerage commissions will reduce returns.

    This material expresses the opinion of Hashdex Group and its subsidiaries and affiliates (“Hashdex”) for informational purposes only and does not consider the investment objectives, financial situation or individual needs of any one investor or a particular group of investors. Certain opinions and viewpoints expressed may reflect personal views of the authors and not necessarily those of Hashdex. We recommend consulting specialized professionals for investment decisions. Investors are advised to carefully read the prospectus or regulations before investing in their products. The information and conclusions contained in this material may be changed at any time, without prior notice. Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management product or service. This information is not directed at or intended for distribution to or use by any person or entity located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Hashdex to any registration or licensing requirements within such jurisdiction.

    Important Risks

    Investment in any investment vehicle and cryptoassets is highly speculative and is not intended as a complete investment program. It is designed only for sophisticated persons who can bear the economic risk of the loss of their entire investment and who have limited need for liquidity in their investment. There can be no assurance that the investment vehicle will achieve its investment objective or return any capital. No guarantee or representation is made that Hashdex’s investment strategy, including, without limitation, its business and investment objectives, diversification strategies or risk monitoring goals, will be successful, and investment results may vary substantially over time. Nothing herein is intended to imply that the Hashdex investment methodology or that investing in any of the Product or crypto assets referenced herein may be considered “conservative,” “safe,” “risk free,” or “risk averse.”

    Certain information contained herein (including financial information) has been obtained from published and non-published sources. Such information has not been independently verified by Hashdex. Hashdex does not provide tax, accounting or legal advice. Certain information contained herein constitutes forward-looking statements, which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” “believe” and “seek” (or the negatives thereof) or other variations thereof. Due to various risks and uncertainties, including those discussed above, actual events or results, the ultimate business or activities of Hashdex and its investment vehicles or the actual performance of Hashdex, its investment vehicles, or crypto assets may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward- looking statements in making their investment decisions. No governmental authority has opined on the merits of Hashdex’s investment vehicles or the adequacy of the information contained herein.

    This material is not an offer or solicitation of any kind to buy or sell any securities outside of the United States of America.

    Product Risks

    An investment in the Product involves significant risks and you could incur a partial or total loss of your investment in the Product.

    Crypto assets generally are volatile, and instruments whose underlying investments include crypto assets are not suitable for all investors. Crypto assets represent a new and rapidly evolving industry. The value of the Product depends on the acceptance of the crypto assets, the capabilities and development of blockchain technologies and the fundamental investment characteristics of the crypto assets. Crypto platforms may be largely unregulated or may be largely or entirely non-compliant with applicable regulation and may therefore be more exposed to fraud and failure. Crypto asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the Product.

    The market for crypto assets is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Possible illiquid markets may exacerbate losses or increase the variability between the Product’s NAV and its market price. The lack of active trading markets for the Product shares may result in losses on investors’ investments at the time of disposition of the Product’s shares.

    Both the Index and the Product are new with a limited operating history.

    Nasdaq® is a registered trademark of Nasdaq, Inc. Corporations make no representation or warranty, whether express or implied, to the owners of the fund(s) or any member of the public regarding the suitability of investing in securities in general or in the fund(s) in particular, or the ability of the Nasdaq Crypto US Index to track the performance of the market for crypto assets, or any portion thereof. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any digital asset or any representation about the financial condition of a digital asset. Statements regarding Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate assets before investing. ADVICE FROM A FINANCIAL PROFESSIONAL IS STRONGLY ADVISED.

    1 Bitcoin’s market cap was $1.92T and ether’s market cap was $387B, according to Messari.io data as of January 13, 2025
    2 The Hashdex Nasdaq Crypto Index Europe ETP (HASH) is the largest multi-asset crypto ETP in Europe according to Bloomberg fund asset data for the “Western Europe” region as of January 7, 2025
    3 The Hashdex Nasdaq Crypto Index Fundo de Indice (HASH11) is the largest multi-asset crypto ETF in Latin America according to Bloomberg fund asset data for the “Central & South America” region as of January 7, 2025
    4 Blockworks.co data on Bitcoin and Ethereum ETFs in the U.S. as of February 10, 2025.
    5 The Hashdex Nasdaq Crypto Index ETF began trading on the Bermuda Stock Exchange on February 9, 2021.
    6 The Hashdex Nasdaq Crypto Index Fundo de Indice (HASH11) is the largest multi-asset crypto ETF in the world according to Bloomberg fund asset data for all regions as of January 7, 2025
    7 https://www.etfstream.com/articles/etf-stream-reveals-winners-of-etf-awards-2024
    8 Hashdex AUM data as of February 10, 2025, https://hashdex.com/en-US

    The MIL Network –

  • MIL-OSI: Marauder Capital Announces the Acquisition of Mako Lift

    Source: GlobeNewswire (MIL-OSI)

    LAFAYETTE, La., Feb. 14, 2025 (GLOBE NEWSWIRE) — Marauder Capital (“Marauder”) is pleased to announce its acquisition of Mako Lift (“Mako” or the “Company”), a premier manufacturer and service provider of gas lift solutions.

    Founded in 2019, Mako Lift has rapidly expanded to become a trusted partner for blue-chip energy companies. With operational facilities in Lafayette, Houston and Midland, Mako is uniquely positioned to serve the Permian Basin, the largest oil-producing region in the United States.

    Drew Dixson, President of Mako Lift, commented on the transaction:
    “Mako Lift is driven by a committed team of experienced gas lift professionals focused on innovation and exceptional service delivery. Our cutting-edge products, design expertise, and manufacturing capabilities set a new standard for gas lift performance. Partnering with Marauder Capital will allow us to accelerate our growth trajectory, expand into new markets, and introduce new products that address critical industry challenges.”

    Marauder’s Managing Partner, Adam Hurley, stated:
    “We are thrilled to welcome Mako Lift into the Marauder portfolio. The gas lift market is undergoing tremendous growth, and Mako’s differentiated product offerings, experienced leadership team, and commitment to quality make this an exceptional investment opportunity. We see significant potential for organic expansion, new product innovation, and strategic acquisitions to further strengthen Mako’s market position.”

    About Mako Lift

    Mako Lift is a leading artificial lift manufacturing and service company, specializing in high-performance artificial lift solutions. The Company’s customized in-house design expertise, R&D, and manufacturing capabilities enable it to produce superior-quality products with measurable performance advantages.

    About Marauder Capital

    Founded in 2023, Marauder Capital is a Fort Worth-based private equity firm specializing in strategic investments in critical, production-levered energy service and equipment companies.

    Advisors
    Duane Morris LLP served as Marauder Capital’s legal advisor for the transaction.

    For more information contact:
    Lora Fitzgerald
    lora@maraudercap.com
    (682) 900-9020

    The MIL Network –

  • MIL-OSI: Financial Calendar for 2025 for DLR Kredit A/S

    Source: GlobeNewswire (MIL-OSI)

    DLR Kredit A/S has set the following dates in 2025 for the publication of financial statements and the holding of the ordinary general meeting:

    Annual Report 2024                                    7 February 2025
    General Meeting                                         29 April 2025
    Interim Report for Q1 2025                         29 April 2025
    Interim Report for H1 2025                         21 August 2025
    Interim Report for Q1-Q3 2025                   29 October 2025

    The announcements will be available on DLR Kredits’s A/S website: www.dlr.dk immediately after publication.

    Kind regards,

    DLR Kredit A/S

    For further inquiries, please contact Jakob Kongsgaard Olsson, tel.: +45 40 30 33 51

    The MIL Network –

  • MIL-OSI: Invesco Ltd: Form 8.3 -Dowlais Group PLC; Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 Dowlais Group plc  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 13.02.2025  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 Yes, American Axle & Manufacturing Holdings, Inc.  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 1p ordinary GB00BMWRZ071  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 352,945 0.02      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 352,945 0.02      
       
       
    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    		  
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    		  
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    1p ordinary GB00BMWRZ071 Sale 7,607 0.67 GBP  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 14.02.2025  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: The Southern Banc Company, Inc. Announces Second Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    GADSDEN, Ala., Feb. 14, 2025 (GLOBE NEWSWIRE) — The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced net income of approximately $369,000, or $0.49 per basic share and $0.48 per diluted share, for the three months ended December 31, 2024, as compared to net income of approximately $471,000, or $0.62 per basic share and $0.61 per diluted share, for the three months ended December 31, 2023. For the six months ended December 31, 2024, the Company recorded net income of approximately $545,000, or $0.72 per basic share and $0.71 per diluted share, as compared to net income of approximately $837,000, or $1.10 per basic share and $1.09 per diluted share, for the six months ended December 31, 2023. The Company’s fiscal year ends June 30, 2025.

    Gates Little, President and Chief Executive Officer of the Company, stated that the Company’s net interest income before provision for loan losses totaled approximately $2.213 million during the three months ended December 31, 2024, as compared to approximately $2.013 million in the same period in 2023, an increase of approximately $201,000, or 9.96%. The increase in the net interest income before provision for loan losses for the three months ended December 31, 2024, was primarily attributable to an increase in total interest income of approximately $430,000, offset by an increase in total interest expense of approximately $230,000. In the three months ended December 31, 2024, the Bank recorded a provision for loan losses of approximately $70,000 and no provision for loan losses in during the three months ended December 31, 2023. For the three months ended December 31, 2024, total non-interest income increased approximately $9,000, or 6.09%, while total non-interest expense increased approximately $278,000, or 18.25%, as compared to the same three-month period in 2023. The increase in non-interest income was primarily attributable to an increase in miscellaneous income of approximately $10,000. The increase in non-interest expense was primarily attributable to increases in salaries and benefits of approximately $222,000, office building expense of approximately $6,000, other operating expense of approximately $16,000, professional service expense of approximately $45,000, offset by a decrease in data processing expense of approximately $12,000.

    For the six months ended December 31, 2024, the Company’s net interest income before provision for loan losses totaled approximately $4.363 million, an increase of approximately $479,000, or 12.33%, when compared to the six months ended December 31, 2023. The increase in net interest income before provision for loan losses was primarily attributable to an increase in total interest income of approximately $965,000, or 20.38%, offset by an increase in total interest expense of approximately $486,000, or 57.19%. For the six months ended December 31, 2024, the Bank recorded provisions for loan losses of approximately $442,000. There was no provision for loan losses during the six months ended December 31, 2023. For the six months ended December 31, 2024, total non-interest income increased approximately $12,000, or 4.10%, compared to the same period in 2023, while non-interest expense increased approximately $444,000, or 14.59%. The increase in non-interest income was primarily attributable to an increase in miscellaneous income of approximately $14,000. The increase in non-interest expense was primarily attributable to increases in salaries and benefits of approximately $340,000, office and equipment of approximately $14,000, professional service expenses of approximately $119,000 offset in part by decreases in data processing expense of approximately $15,000, and other operating expense of approximately $15,000.

    The Company’s total assets at December 31, 2024 were approximately $117.0 million, as compared to approximately $113.0 million at June 30, 2024. Total stockholders’ equity was approximately $15.5 million at December 31, 2024, or 13.2% of total assets, as compared to approximately $14.5 million at June 30, 2024, or 12.80% of total assets.

    The Bank has four full-service banking offices located in Gadsden, Albertville, Guntersville, and Centre, AL, and one loan production office in Birmingham, AL. The stock of The Southern Banc Company, Inc. trades in the over-the-counter market under the symbol “SRNN”.

    Certain statements in this release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “target,” “plan,” “project,” “continue,” or the negatives thereof, or other variations thereon or similar terminology, and are made on the basis of management’s plans and current analyses of the Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. The above factors, in some cases, have affected, and in the future could affect the Company’s financial performance and could cause actual results to differ materially from those expressed or implied in such forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

    (Selected financial data attached)
     
    THE SOUTHERN BANC COMPANY, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
    (Dollar Amounts in Thousands)
     
        December 31,     June 30,
        2024       2024  
        Unaudited     Audited
    ASSETS          
    CASH AND CASH EQUIVALENTS $ 16,592     $ 12,632  
    SECURITIES AVAILABLE FOR SALE, at fair value   39,238       37,912  
    FEDERAL HOME LOAN BANK STOCK   120       120  
    LOANS RECEIVABLE, net of allowance for loan losses of $1,548 and $1,151, respectively   56,999       58,199  
    PREMISES AND EQUIPMENT, net   1,059       1,133  
    ACCRUED INTEREST AND DIVIDENDS RECEIVABLE   946       934  
    PREPAID EXPENSES AND OTHER ASSETS   2,055       2,124  
               
    TOTAL ASSETS $ 117,009     $ 113,054  
               
    LIABILITIES          
    DEPOSITS $ 95,528     $ 92,250  
    FHLB ADVANCES   0       0  
    OTHER LIABILITIES   6,035       6,338  
    TOTAL LIABILITIES   101,563       98,588  
    STOCKHOLDERS’ EQUITY:          
    Preferred stock, par value $.01 per share          
    500,000 shares authorized; no shares issued and outstanding   –       –  
    Common stock, par value $.01 per share,          
    3,500,000 authorized, 1,454,750 shares issued   15       15  
    Additional paid-in capital   13,946       13,943  
    Shares held in trust, 49,081 and 46,454 shares at cost, respectively   (804 )     (772 )
    Retained earnings   14,429       13,884  
    Treasury stock, at cost, 648,664 shares   (8,825 )     (8,825 )
    Accumulated other comprehensive (loss) income   (3,315 )     (3,779 )
    TOTAL STOCKHOLDERS’ EQUITY   15,446       14,466  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 117,009     $ 113,054  
     
    THE SOUTHERN BANC COMPANY, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (Dollar Amounts in Thousands, except per share data)
     
        Three Months Ended     Six Months Ended
        December 31,     December 31,
                           
        2024
    (Unaudited)    		     2023     2024
    (Unaudited)    		     2023
                           
    INTEREST INCOME:                      
    Interest and fees on loans $ 2,598   $ 2,210   $ 5,072   $ 4,176
    Interest and dividends on securities   179     183     345     369
    Other interest income   126     80     281     188
    Total interest income   2,903     2,473     5,698     4,733
    INTEREST EXPENSE:                      
    Interest on deposits   690     460     1,335     849
    Interest on borrowings   0     0     0     0
    Total interest expense   690     460     1,335     849
    Net interest income before provision for loan losses   2,213     2,013     4,363     3,884
    Provision for loan losses   69     0     442     0
    Net interest income after provision for loan losses   2,144     2,013     3,921     3,884
    NON-INTEREST INCOME:                      
    Fees and other non-interest income   31     32     66     68
    Miscellaneous income   124     114     237     223
    Total non-interest income   155     146     303     291
    NON-INTEREST EXPENSE:                      
    Salaries and employee benefits   1,138     916     2,163     1,823
    Office building and equipment expenses   90     84     184     170
    Professional Services Expense   170     125     371     252
    Data Processing Expense   188     200     370     384
    Other operating expense   214     197     399     414
    Total non-interest expense   1,800     1,522     3,487     3,043
    Income before income taxes   499     637     737     1,132
    PROVISION FOR INCOME TAXES   130     166     192     295

    Net Income

    $

    		 369  

    $

    		 471  

    $

    		 545  

    $

    		 837
    EARNINGS PER SHARE:                      
    Basic $ 0.49   $ 0.62   $ 0.72   $ 1.10
    Diluted $ 0.48   $ 0.61   $ 0.71   $ 1.09
    DIVIDENDS DECLARED PER SHARE $ —   $ —   $ —   $ —
                           
    AVERAGE SHARES OUTSTANDING:                      
    Basic   759,632     761,257     759,632     761,257
    Diluted   766,615     768,395     765,926     768,628

    Contact: Gates Little                
    (256) 543-3860

    The MIL Network –

  • MIL-OSI: BexBack Crypto Trading: 100x Leverage, Double Deposit Bonus, $50 Bonus and No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin hovers around the $100,000 mark, many analysts predict that the market is entering a high-volatility phase. To help traders capitalize on these dynamic market conditions, BexBack Exchange has rolled out an unbeatable offer, featuring 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users. What sets BexBack apart is its no KYC policy, ensuring seamless, private, and efficient trading for users globally.

    Key Features of BexBack:

    1. 100x Leverage on Crypto Futures With 100x leverage, BexBack allows traders to control larger positions with a smaller initial investment. For example, if the price of Bitcoin (BTC) is $100,000 and you open a position with 1 BTC, your position becomes equivalent to $100,000. With 100x leverage, this is equivalent to controlling $10,000,000 worth of Bitcoin, giving you the ability to maximize your profits.
    2. No KYC Required BexBack stands out by offering a no KYC (Know Your Customer) approach, allowing users to start trading instantly, without having to submit personal identification documents. This policy ensures that users can begin their trading journey quickly and securely.
    3. 100% Deposit Bonus for New Users To help new users maximize their trading potential, BexBack offers a 100% deposit bonus. This means that when you deposit, for example, 1 BTC, BexBack will match it with an additional 1 BTC, giving you double the funds for trading.
    4. $50 Welcome Bonus New users can also enjoy a $50 welcome bonus, available after completing their first trade. This bonus can be used for trading, and any profits gained from it are fully withdrawable.
    5. Comprehensive Trading Options BexBack offers a variety of cryptocurrencies for trading, including BTC, ETH, XRP, ADA, and SOL, among others. The platform offers 100x leverage on all these futures contracts, allowing traders to optimize their strategies and trading opportunities.

    Why Choose BexBack?

    • No KYC: Start trading immediately with no complex identity verification.
    • 100% Deposit Bonus: Double your funds and maximize your profits.
    • 100x Leverage: Increase your trading efficiency with up to 100x leverage.
    • Demo Account: Receive a 10 BTC demo account, ideal for practice without real funds.
    • Fast and Secure Trading: No slippage, no spread, and quick, precise order execution.
    • 24/7 Support: Access customer support at any time to resolve any issues or queries.
    • Global Access: Available to users from the United States, Canada, and Europe.

    About BexBack:

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore, with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. BexBack holds a US MSB (Money Services Business) license and is trusted by over 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, providing an inclusive and user-friendly experience for traders globally.

    Take Action Now—Maximize Your Trading Potential with BexBack!

    Whether you are new to cryptocurrency or an experienced trader, BexBack offers 100x leverage, 100% deposit bonus, and $50 welcome bonus—all with no KYC—ensuring you have the tools needed for success in the dynamic crypto market.

    Sign up now at www.bexback.com, claim your exclusive bonuses, and start trading today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f24f4f46-0ae9-427c-8dbb-638de34b5c08

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/913fa9e2-18bf-474f-b2fc-06ccbc6a9f6d

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87841659-4d30-439c-8019-04c351853f8f

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd39b9f6-0b0f-4532-82dd-6c0c700f413e

    The MIL Network –

  • MIL-OSI: Bybit Card Switches on AVAX Cashback Option

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 14, 2025 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled the first ecosystem partner of the Bybit Card, AVAX. First in the market to enable rewards in AVAX, the Bybit Card has expanded its auto cashback options yet again, affording users more flexibility in their crypto payment journey. The activation comes with extra perks for Bybit Card holders in a limited-time campaign for the popular altcoin. 

    AVAX is the native utility token of the Avalanche network. Avalanche is a high-performance blockchain platform designed for builders who need to scale. Engineered with a revolutionary three-part Layer 1 (L1) architecture, Avalanche is anchored by its Avalanche Consensus Mechanism, ensuring near-instant finality for transactions. The platform also features an open-source Layer 0 (L0) framework, enabling the seamless creation of interoperable Layer 1 blockchains with high throughput on both public and private networks.

    Now with the Bybit Card, users have the option to turn on AVAX Cashback, experiencing a brand new seamless on and off-ramp experience with AVAX. Supporting paying, saving, and holding with AVAX, Bybit users can earn AVAX through cashback rewards on daily spending using the Bybit Card. 

    For Avalanche’s global community, the new feature opens up a new avenue for them to foster the growth of the network with a swipe of the Bybit Card. Eligible cardholders will also qualify for extra bonuses through the Bybit Card’s year-round rewards campaigns, making their shopping sprees and holiday spending more worthwhile. 

    To celebrate the occasion, the Bybit Card is welcoming AVAX into the ecosystem with an AVAX-only perk. Eligible users may toggle their AVAX default cashback option to get up to 10% cashback in AVAX for a limited time. 

    “Bybit and the Avalanche community are synchronized in our vision for a blockchain-enabled future that benefits all. Our efforts to increase adoption of scalable smart contracts and crypto as a digital asset class are building blocks of the digital economy. And with the Bybit Card, our customers can contribute to their favorite blockchains through simple daily spendings,” said Joan Han, Sales and Marketing Director at Bybit. 

    The Bybit Card offers an intuitive and rewarding way for believers in crypto to use, save, and potentially earn yield on their digital assets. Card holders can experience the entire customer journey online by applying for the Bybit Card and start tapping away as soon as they receive their approved virtual card. The crypto-native payment gateway also comes with year-round benefits, up to 8% APR on eligible holdings, and no-frills cashback mechanisms. 

    #Bybit / #TheCryptoArk #TheBybitCard

    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

    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/37e2ae4a-26e3-4991-89d2-e4c1d63a6aa2

    The MIL Network –

  • MIL-OSI: Hivello Secures Strategic Investment from Antanas Guoga “Tony G” to Scale Decentralised Compute

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 14, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its majority-owned subsidiary, Hivello Holdings Ltd (“Hivello”) has secured a strategic investment from Tony G.

    Tony G led a strategic investment into Blockmate on December 17, 2024. And as per Hivello’s release below, Tony G has followed on with a direct investment into Hivello directly.

    Below is the press release from Hivello:

    Hivello Secures Strategic Investment from Antanas “Tony G” Guoga to Scale Decentralized Compute

    London & Amsterdam, February 13, 2025 – Hivello, a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks, has announced a strategic investment from Antanas Guoga (Tony G), a well-known blockchain investor, entrepreneur, and advocate for decentralized infrastructure. 

    Antanas Guoga, widely known as Tony G, is a seasoned investor, entrepreneur, and advocate for blockchain innovation. As the chairman and major shareholder of TSXv-listed Sol Strategies Inc., a Canadian-based investment firm specializing in blockchain, AI, and decentralized technologies, Tony G has been instrumental in backing high-growth Web3 startups. 

    His strategic investments have helped scale multiple blockchain projects, with Sol Strategies recently surpassing a $500 million market capitalization. Beyond his role in the private sector, Tony G has a history of championing digital innovation in public policy. As a former Member of the European Parliament (MEP), he was a strong advocate for technological advancement, pushing for clearer blockchain regulations and greater adoption of decentralized solutions. His global network and deep understanding of the intersection between policy, technology, and finance make him a valuable partner for companies shaping the future of Web3.

    Recognizing Hivello’s role in the future of DePIN, Tony G’s investment underscores his belief in DePIN as a major growth sector in Web3. His support will help accelerate Hivello’s expansion, enabling more users to seamlessly contribute to decentralized infrastructure while earning rewards. With his backing, Hivello is positioned to become a key player in the next generation of blockchain-powered compute networks.

    In addition, Hivello is now live on Gate.io, MEXC, and Raydium! With both CEX and DEX options, more users can trade $HVLO and participate in the growing DePIN economy.

    “Hivello is tackling one of the biggest challenges in DePIN—bridging complex infrastructure with everyday users,” said Tony G. “Their platform makes it incredibly easy for anyone to participate in and benefit from the decentralized economy. I see huge potential in their approach and am excited to support their journey.”

    “Tony G’s investment is a strong validation of Hivello’s vision to simplify and scale decentralized physical infrastructure networks,” said Domenic Carosa, Co-Founder of Hivello. “His deep expertise in blockchain and infrastructure scaling, combined with his ability to back high-growth projects, will help accelerate our mission to make DePIN accessible to millions of users worldwide.”

    (ENDS)

    About Hivello
    Hivello is a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks. The Swiss-based HVLO Association will issue the $HVLO token under license from Hivello Holdings Ltd.

    For more information about Hivello and to stay updated on its developments, visit www.hivello.com

    Website | X | Discord | LinkedIn | Telegram

    About Blockmate Ventures Inc.
    Blockmate Ventures is a venture creator focussing on building fast-growing technology businesses relating to cutting-edge sectors such as blockchain, AI and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at www.hivello.com) and Sunified, digitising solar energy.

    The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.

    Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Justin Rosenberg, CEO
    Blockmate Ventures Inc
    justin@blockmate.com
    (+1-580-262-6130)

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

    Forward-Looking Information
    This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

    The MIL Network –

  • MIL-OSI: Robinhood Markets, Inc. Reports January 2025 Operating Data

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for January 2025:

    • Funded Customers at the end of January were 25.5 million (up approximately 310 thousand from December 2024, up approximately 2 million year-over-year).
    • Assets Under Custody (AUC) at the end of January were $204 billion (up 6% from December 2024, up 99% year-over-year). Net Deposits were $5.6 billion in January, translating to a 35% annualized growth rate relative to December 2024 AUC. Over the last twelve months, Net Deposits were $52.3 billion, translating to an annual growth rate of 51% relative to January 2024 AUC.
    • Equity Notional Trading Volumes were $144.7 billion (down 3% from December 2024, up 144% year-over-year). Options Contracts Traded were 166.6 million (up 2% from December 2024, up 57% year-over-year). Crypto Notional Trading Volumes were $20.4 billion (down 32% from December 2024, up over 200% year-over-year).
    • Margin balances at the end of January were $8.3 billion (up 5% from the end of December 2024, up 131% year-over-year).
    • Total Cash Sweep balances at the end of January were $26.3 billion (up 1% from the end of December 2024, up 57% year-over-year).
    • Total Securities Lending Revenue in January was $25 million (down 11% from December 2024, up 108% year-over-year).
      January
    2025    		 December
    2024    		 M/M
    Change    		 January
    2024    		 Y/Y
    Change
    (M – in millions, B – in billions)          
    Funded Customer Growth (M)          
    Funded Customers 25.5 25.2 +1% 23.5 +9%
               
    Assets Under Custody (AUC) ($B)          
    Total AUC $203.7 $192.9 +6% $102.4 +99%
    Net Deposits $5.6 $5.3 NM $3.8 NM
               
    Trading          
    Trading Days (Equities and Options) 20 21 (5%) 21 (5%)
    Total Trading Volumes          
    Equity ($B) $144.7 $149.8 (3%) $59.3 +144%
    Options Contracts (M) 166.6 163.7 +2% 106.2 +57%
    Crypto ($B) $20.4 $30.2 (32%) $5.9 +246%
               
    Daily Average Revenue Trades (DARTs) (M)        
    Equity 2.6 2.8 (7%) 1.7 +53%
    Options 1.1 1.0 +10% 0.7 +57%
    Crypto 0.9 1.0 (10%) 0.3 +200%
               
    Customer Margin and Cash Sweep ($B)        
    Margin Book $8.3 $7.9 +5% $3.6 +131%
    Total Cash Sweep $26.3 $26.1 +1% $16.8 +57%
    Gold Cash Sweep $25.6 $25.4 +1% $16.1 +59%
    Non-Gold Cash Sweep $0.7 $0.7 – $0.7 –
               
    Total Securities Lending Revenue ($M) $25 $28 (11%) $12 +108%
               

    For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics release, which is available on investors.robinhood.com.

    The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Robinhood’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release.

    About Robinhood

    Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

    Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

    “Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Contacts

    Investor Relations

    ir@robinhood.com

    Media

    press@robinhood.com

    The MIL Network –

  • MIL-OSI: Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals & Mining Virtual Investor Conference, held February 12th and 13th are now available for online viewing.

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

    The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download
    investor materials from the company’s resource section.

    Select companies are accepting 1×1 management meeting requests through February 17th

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

    February 12th

    February 13th


    About Virtual Investor Conferences    ®

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

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

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

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

    The MIL Network –

  • MIL-OSI: Dominion Lending Centres Inc. Announces Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 14, 2025 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that its Board of Directors has declared a cash dividend of $0.03 per class “A” common share that will be payable on March 14, 2025 to shareholders of record as of February 28, 2025. The dividend will be designated as an “eligible dividend” for Canadian income tax purposes.

    About Dominion Lending Centres Inc.

    Dominion Lending Centres Inc. is Canada’s leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,000 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.

    DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca.

    Contact information for the Corporation is as follows:

    Eddy Cocciollo
    President
    647-403-7320
    eddy@dlc.ca    		 James Bell
    EVP, Corporate and Chief Legal Officer
    403-560-0821
    jbell@dlcg.ca    		  
         

    NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI: FAVO Capital Files Form S-1 Registration Statement as It Advances Toward Nasdaq Uplisting

    Source: GlobeNewswire (MIL-OSI)

    FORT LAUDERDALE, Fla. , Feb. 14, 2025 (GLOBE NEWSWIRE) — via IBN — FAVO Capital, Inc. (OTC: FAVO), a private credit firm providing alternative financing solutions to small and medium-sized businesses (SMBs), today announced that it has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with its planned uplisting to the Nasdaq Capital Market.

    This filing marks a significant milestone in FAVO Capital’s strategy to expand its market presence, increase liquidity, and broaden access to institutional investors. The uplisting is expected to enhance the company’s ability to scale its funding operations and strengthen its balance sheet as it continues to deliver innovative private credit solutions to SMBs.

    “Filing our S-1 is a key step in our journey toward Nasdaq,” said Shaun Quin, President of FAVO Capital. “This transition represents our commitment to transparency, financial discipline, and long-term value creation. Uplisting will allow us to expand our investor base and accelerate growth as we continue serving small and medium-sized businesses with flexible financing solutions.”

    Use of IPO Proceeds

    FAVO Capital intends to use proceeds from the offering to strengthen its balance sheet, reduce high-cost debt, and support strategic growth initiatives. By lowering borrowing costs and improving capital efficiency, the company aims to accelerate profitability, enhance liquidity, and expand its market presence while continuing to invest in technology-driven underwriting and operational scalability.

    “Our strategy is focused on sustainable long-term growth,” said Glen Steward, Chief Strategy Officer of FAVO Capital. “We have built a strong foundation and positioned the company for scalability. With our IPO proceeds, we plan to optimize our financial structure while continuing to expand our market reach, gain significant market share, and grow our syndication partnerships.”

    Growth Strategy & Market Positioning

    FAVO Capital specializes in private credit solutions, including the purchase of future receipts, lines of credit, and asset-backed loans. Since its inception, the company has syndicated over $1 billion in capital and supported more than 20,000 businesses. Its technology-driven focus, continued development of its proprietary customer service relationship (CRM) platform, and core funding model, provide a competitive advantage in the rapidly growing alternative lending sector.

    “This filing is a testament to the company’s growth and implementation to date,” said Vincent Napolitano, CEO of FAVO Capital. “I am proud of what the team has achieved. Our long-term financial roadmap prioritizes debt reduction, operational efficiency, and expanding our footprint as a leader in private credit. This uplisting is a major step forward in our commitment to delivering shareholder value.”

    The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, SEC review, and approval of Favo Capital’s listing application by Nasdaq.

    This press release does not constitute an offer of any securities for sale.

    For further updates and investor information, visit www.favocapital.com.

    About FAVO Capital, Inc.

    FAVO Capital, Inc. (OTC: FAVO) is a private credit firm specializing in alternative financing solutions for small and medium-sized businesses (SMBs) across the United States. Since its inception, FAVO Capital has syndicated over $1 billion in funding and supported more than 20,000 businesses. FAVO Capital is committed to financial transparency, sustainable growth, and empowering SMBs with flexible funding solutions. Headquartered in Fort Lauderdale, FL, the company also has operations in New York and the Dominican Republic. For more information, visit www.favocapital.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, projections, estimates, and expectations regarding future trends, financial performance, and operational strategies. Forward-looking statements are often identified by words such as “expects,” “anticipates,” “intends,” “believes,” “plans,” “seeks,” “estimates,” “may,” “will,” “should,” or similar expressions.

    These statements are based on the company’s current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory developments, competition, economic conditions, and the company’s ability to execute its business strategy.

    Actual results may differ materially from those anticipated, and investors are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release, except as required by law.

    Company Contact:
    FAVO Capital, Inc.
    4300 N University Drive
    D-105
    Lauderhill, FL 33351

    Investor Relations:
    Scott McGowan
    InvestorBrandNetwork (IBN)
    Phone: 310.299.1717
    ir@favocapital.com

    The MIL Network –

  • MIL-OSI: Franklin Electric Announces Execution of Definitive Agreement for the Acquisition of Barnes de Colombia

    Source: GlobeNewswire (MIL-OSI)

    FORT WAYNE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) Fort Wayne, Indiana, USA-based Franklin has signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Cota, Cundinamarca, Colombia. This acquisition aligns with Franklin Electric’s long-term growth and diversification goals, providing significant opportunities for expansion in Latin America.

    Barnes de Colombia, also operating under the WDM brand in certain countries including the US, is headquartered near Bogotá, Colombia. It has two manufacturing facilities and over eight stocking locations in Colombia, as well as assembly facilities in Mexico, Brazil, and Argentina, and local warehouses in Guatemala, Panama, Ecuador, Peru, and Chile.

    The acquisition enhances Franklin Electric’s product portfolio and market presence in key Latin American regions. Barnes de Colombia’s strong market position in Colombia and established operations in Mexico, Argentina, Brazil, and other Latin American countries is expected to help accelerate Franklin´s growth in the region. This acquisition supports Franklin Electric’s strategic goals of diversifying its product line and enhancing supply chain resilience while leveraging Barnes de Colombia’s robust distribution network and customer relationships.

    “We are thrilled to welcome Barnes de Colombia to the Franklin Electric family,” said Joe Ruzynski, CEO of Franklin Electric. “This acquisition not only strengthens our presence in the high-growth Latin American markets but also enhances our ability to serve our customers with an expanded portfolio of innovative and high-quality products. Barnes’ approximately 400 team members and manufacturing and foundry capabilities will enhance our operating footprint materially and we are excited for these new team members and operations to contribute meaningfully to our growth and success. Together, we will continue to rely on our Key Factors for Success – quality, availability, service, innovation and cost – to deliver outstanding value to our customers.”

    The acquisition is subject to customary closing conditions, including Colombian antitrust clearance. Franklin Electric expects the acquisition to close on or about March 1, 2025.

    Seale & Associates provided investment banking services to Barnes de Colombia and its owners in connection with the acquisition. Garrigues (Colombia and Mexico) provided legal counsel to Franklin Electric, and Brigard Urrutia provided legal counsel to Barnes de Colombia.

    About Franklin Electric
    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers worldwide in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be recognized in Newsweek’s lists of America’s Most Responsible Companies 2024, Most Trustworthy Companies 2024, and Greenest Companies 2025; Best Places to Work in Indiana 2024; and America’s Climate Leaders 2024 by USA Today.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

    Contact:        
    Jeff Taylor        
    Franklin Electric Co., Inc.
    260.824.2900

    The MIL Network –

  • MIL-OSI: Fintech Startup Infini Integrates Crypto to Transform Traditional Banking

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 14, 2025 (GLOBE NEWSWIRE) — Infini is redefining the fintech landscape by seamlessly integrating crypto solutions into traditional banking. With a vision to empower users through secure, intuitive, and innovative financial services, Infini is revolutionizing how individuals engage with digital assets.

    Bridging Web2 and Web3: The Genesis of Infini

    Founded in 2024 by a team of financial experts and tech innovators—Crypto Whale Christian Li and Tech Lead Ryan Sun—Infini was created to make financial empowerment accessible to all. Headquartered in Hong Kong, the company has secured financial licensing and compliance partnerships, ensuring a seamless experience for users worldwide who seek to bridge Web2 and Web3.

    Infini’s core mission is to introduce yield-generating opportunities to traditional finance users, enabling seamless crypto payments and earnings while lowering barriers to entry.

    Rapid Growth and Expanding Ecosystem

    Since its inception, Infini has experienced exponential growth. In just six months, the platform has achieved a remarkable 500% Compound Monthly Growth Rate (CMGR) in Monthly Active Users (MAUs). This success stems from Infini’s user-first approach, cutting-edge technology, and comprehensive financial tools tailored for payments, investments, and wealth management.

    Unlocking the Power of Crypto for Everyday Use

    Infini enables users to leverage their crypto holdings for real-world transactions. Through strategic partnerships with leading payment gateways, users can seamlessly deposit and withdraw stablecoins (USDT/USDC) into their Infini accounts. Whether shopping online or making in-store purchases, Infini facilitates instant crypto-to-fiat conversions, ensuring frictionless global accessibility without reliance on traditional banking infrastructures.

    Infini Earn: Smart Investment Opportunities

    Infini Earn allows users to generate yield on their account balances through an optimized delta-neutral strategy, offering an average return of 10% APY. By providing a secure and accessible way to earn passive income, Infini bridges the gap between traditional finance and crypto, empowering individuals to take full control of their wealth without intermediaries.

    Introducing the Infini Card: A Crypto-Enabled Debit Solution

    A standout feature of Infini is the Infini Card, a Visa/Mastercard-enabled prepaid debit card linked to Infini Earn and the broader payment ecosystem. This card allows users to spend their stablecoin balances at global merchants, just like a traditional debit card.

    How It Works:

    1. Simple Application: Users can sign up at Infini’s platform by providing basic personal information, paying a one-time activation fee, and depositing stablecoins.
    2. Instant Access: The card is ready for use immediately. Spending limits can be increased through Know Your Customer (KYC) verification.

    Key Benefits:

    • Earn While You Spend: Infini balances continue to generate yield even as users make purchases.
    • Secure & Compliant: Custodial security and anti-money laundering (AML) compliance are ensured by Cobo, an ISO 27001-certified partner.
    • No Barriers to Entry: Users can start with as little as $1, making crypto earnings accessible to retail investors without complex learning curves.
    • Global Acceptance: Accepted worldwide at Visa and Mastercard merchants, including Apple Pay and Google Pay integrations.
    • Instant Crypto-to-Fiat Conversion: Transactions are seamlessly converted at the point of sale, providing a frictionless payment experience.

    A User-Centric Approach to Fintech Innovation

    Infini continuously evolves its platform based on user feedback, refining transaction speeds, security measures, and support services. A dedicated customer support team is available via email and live chat, offering personalized assistance for transactions, account management, and investment insights.

    As fintech and crypto landscapes rapidly evolve, Infini is at the forefront, delivering integrated, user-friendly financial solutions. Whether you are a seasoned crypto enthusiast or a newcomer exploring digital assets, Infini provides a seamless platform that blends the reliability of traditional finance with the innovation of crypto.

    Contact Information:
    Company: Infini
    Address: Hong Kong
    Email: contact@infini.money
    X: https://x.com/0xinfini
    Contact Person: Valerio Li

    The MIL Network –

  • MIL-OSI: NordVPN verifies its no-logs assurance assessment for the fifth time

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 14, 2025 (GLOBE NEWSWIRE) — NordVPN, a leading cybersecurity company, underwent an independent assurance engagement at the end of 2024. Seeking to maintain a high level of trust and transparency, NordVPN commissioned Deloitte Audit Lithuania, one of the market-leading Big Four firms, to conduct an assurance report on the configuration of its IT systems, supporting infrastructure, and no-logs claims.

    For the fifth time in NordVPN’s history, an independent team of researchers verified that the company’s no-logs statement is accurate and aligns with its privacy claims.

    “The trust we earn from our customers underscores everything we do in the cybersecurity industry. It’s a currency that’s hard to acquire and one we never take for granted. To maintain that trust, we not only strive each year to innovate and develop world-leading cybersecurity products, but we also fully commit to our promise not to monitor or record our users’ online traffic. Having this assurance reaffirmed by independent, globally respected researchers for the fifth time demonstrates that privacy isn’t just a buzzword at NordVPN — it’s in our DNA,” says Marijus Briedis, CTO at NordVPN.

    During the engagement process, Deloitte’s practitioners interviewed NordVPN’s employees and inspected server infrastructure, and technical logs. They had access to NordVPN services from November 18 until December 20, 2024 and reviewed privacy relevant configuration settings and deployment processes of standard VPN, Double VPN, Onion Over VPN, obfuscated servers, and P2P servers.

    Deloitte Audit Lithuania conducted the assessment in accordance with the International Standard on Assurance Engagements 3000 (Revised) (ISAE 3000), established by the International Auditing and Assurance Standards Board (IAASB) with the aim of examining NordVPN’s IT system configuration and management.

    NordVPN’s first independent no-log engagement was completed in 2018, followed by second, third, and fourth assessments in 2020, 2022, and 2023, showing the company’s continuous commitment to privacy.

    The full no-logs assurance engagement report is available to all NordVPN users, after logging in to their Nord Account user control panel.

    ABOUT NORDVPN

    NordVPN is the world’s most advanced VPN service provider, chosen by millions of internet users worldwide. The service offers features such as dedicated IP, Double VPN, and Onion Over VPN servers, which help to boost your online privacy with zero tracking. One of NordVPN’s key features is Threat Protection Pro™, a tool that blocks malicious websites, trackers, and ads and scans downloads for malware. The latest creation of Nord Security, NordVPN’s parent company, is Saily — a global eSIM service. NordVPN is known for being user friendly and can offer some of the best prices on the market. This VPN provider has over 6,400 servers covering 111 countries worldwide. For more information, visit  https://nordvpn.com.

    More information: brigita@nordsec.com

    The MIL Network –

  • MIL-OSI: China Medical System （867.HK） is Included in the S&P Global Sustainability Yearbook 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, CHINA, Feb. 14, 2025 (GLOBE NEWSWIRE) —  In February 11th 2025, with a Corporate Sustainability Assessment (CSA) score of 61, surpassing 93% of global peers, China Medical System Holdings Limited (“CMS” or the “Group”) has been included in the S&P Global Sustainability Yearbook 2025 (the “Yearbook 2025”). This marks the Group’s first inclusion in the global edition of S&P Global Sustainability Yearbook (the “Yearbook”), following the S&P Global Sustainability Yearbook (China Edition) inclusion for consecutive two years.

    Since its launch in 2008, the Yearbook’s professionalism and authority have been highly recognized by global ESG investors and other stakeholders. The Yearbook aims to identify outstanding companies in sustainable development from each industry. 7,690 companies across 62 industries were assessed, while only 780 stood out and were included in the Yearbook 2025. The inclusion in the Yearbook 2025 represents a high recognition of sustainable development practices of CMS.

    CMS has been actively responding to the United Nations Sustainable Development Goals (SDGs) for years, by integrating ESG governance into its corporate strategy and formulating an ESG strategy covering various dimensions in operation. The Group continues to invest in innovation to enhance the accessibility of advanced diagnostic and treatment technologies, and actively take its social responsibilities to create greater value at the business, industry, and societal levels. The Group’s sustainability performance has also been recognized by several authoritative ESG rating institutions. The Group’s MSCI ESG rating has been maintained at “AA”; the Hong Kong Quality Assurance Agency (HKQAA) sustainability rating is in the top 10% of the industry; and the Sino-Securities Index ESG rating is “AA”.

    In the future, with its ESG vision of “becoming a world-leading sustainable pharmaceutical enterprise”, CMS will strengthen its practices in corporate governance, social contributions, and environmental protection, working together with all stakeholders to promote sustainable development and contribute to the realization of a more habitable planet.

    About CMS
    CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

    CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

    CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its dermatology and medical aesthetics business, and ophthalmology business, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a “bridgehead” for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.

    CMS Disclaimer and Forward-Looking Statements
    This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

    This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

    Media Contact

    Brand: China Medical System Holdings Ltd.

    Contact: CMS Investor Relations

    Email: ir@cms.net.cn

    Website: https://web.cms.net.cn/en/home/

    Source: China Medical System Holdings Ltd.

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Lake Ridge Bancorp, Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Lake Ridge Bancorp, Inc. (OTCQX: LRBI), the holding company for Lake Ridge Bank, has qualified to trade on the OTCQX® Best Market.

    Lake Ridge Bancorp, Inc. begins trading today on OTCQX under the symbol “LRBI.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.  

    “We are so pleased to transition our stock trading activity to the OTC Markets Group Inc. With approximately 1,400 shareholders, we believe this is an appropriate step in providing our owners greater liquidity options as we continue to focus on long term shareholder value,” says Jim Tubbs, CEO of Lake Ridge Bank.

    About Lake Ridge Bancorp, Inc.
    Lake Ridge Bancorp, Inc. is the parent company of Lake Ridge Bank, which offers a full range of business and personal financial services, including business, real estate, agricultural, and consumer lending; crop insurance; wealth management and financial advisory services. With roots dating back to 1897, the bank is headquartered in Monona, Wisconsin with operations throughout southern Wisconsin. Lake Ridge Bank has approximately $3.0 billion in total assets and is the sixth largest bank in Wisconsin.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

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    The MIL Network –

  • MIL-OSI: TSplus Remote Support V4: Enhanced Performance, 4K Screen Sharing, and Faster Access

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) — TSplus is thrilled to announce the latest updates to our Remote Support software, bringing substantial improvements to performance, screen sharing, and user experience. These enhancements are designed to make remote assistance smoother, faster, and more efficient for IT professionals and businesses worldwide.

    Superior 4K Screen Sharing & Performance Optimization

    The latest release introduces true 4K screen sharing support, ensuring crystal-clear remote sessions with exceptional image quality. Additionally, major optimizations have been implemented to improve encoding, decoding, and rendering, delivering better FPS stability and significantly reducing resource usage.

    A new “Scale to Fit” button has also been added to the Display tab in Windows, allowing users to enable or disable image scaling on the viewer side for a more customized experience.

    Faster Connection & Client Launch Time  

    The talented developers at TSplus significantly improved the Windows client’s opening time, making it up to three times faster than before. While the first launch may take slightly longer due to initial file extraction and Windows Real-Time Protection, subsequent launches will now consistently open in under one second. This improvement is particularly beneficial for users with customized clients, ensuring seamless and rapid access to remote support sessions.

    Update Now for the Best Experience!

    These upgrades take TSplus Remote Support to the next level, offering enhanced usability, faster response times, and superior support experience.

    TSplus invites all its Remote Support users to update their software now and explore the full list of improvements in the detailed changelog: https://dl-files.com/RemoteSupport-changelog.html .

    Download now and experience for free the best of TSplus Remote Support today!

    Press Contact:

    Caleb Zaharris
    Marketing Director for TSplus
    caleb.zaharris@tsplus.net 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2aab5efd-d961-4c6c-acbc-2a1a6b719cd7

    The MIL Network –