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Category: GlobeNewswire

  • MIL-OSI: MEXC Celebrates Bitcoin’s Milestone with Groundbreaking “Buy BTC for $1” Trading Event and 350,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 09, 2025 (GLOBE NEWSWIRE) — MEXC, a prominent cryptocurrency exchange across the globe, has kicked off a major celebratory trading activity-“Buy BTC for $1”, to run in commemoration for the continued market dominance of Bitcoin. The $1 symbolic price attached to Bitcoin marks its journey from around $1 in 2011 to over $100,000 in 2024. The celebrations also include a whopping prize pool of 350,000 USDT, illustrating MEXC’s commitment to giving back to the community.

    The event runs from 9 to 12 February 2025 and coincides with the transformative moment for Bitcoin – when it has ceased to be just among the niche digital assets and spent some years emerging into the most relevant investment vehicle. MEXC indeed plays an important role in this development by supporting professional-grade trading infrastructure and sufficient liquidity to various market participants. In 2024, according to ranking, MEXC has not only fallen under the world’s best exchanges with an 11.6% spot market share but also, the major exchanges under Derivatives trading, it recorded the highest year-on-year growth.

    New and existing KYC-verified users are eligible to join the “Buy BTC for $1” event on the MEXC platform with Futures trading. The prize pool of $350,000 USDT will be divided among users according to their trading volumes, with greater volumes giving chances for more winning shares.

    “Even amid recent turbulence in the crypto market, Bitcoin remains the cornerstone of crypto investment. Currently, Bitcoin serves as the main driver of the mainstream adoption of cryptocurrency, with BTC price breaking the $1 mark in February 2011 and surpassing $100,000 in December 2024, continuing its upward trend. This new event is a prime example of how we create exciting, unique opportunities for our users, enabling them to engage with the market at an unimaginable price point. It’s an exciting way for both seasoned traders and newcomers to benefit from the incredible potential of Bitcoin,” said Tracy Jin, Vice President at MEXC.

    MEXC’s contribution to Bitcoin’s ecosystem and the broader crypto industry extends beyond promotional events. The exchange has distinguished itself through several key achievements in 2024:

    • An extensive listing of over 3,000 tradable tokens to capitalize on emerging opportunities.
    • Distribution of $136 million in rewards through 2,293 airdrop events.
    • Implementation of competitive fee structures to help traders maximize their profits.
    • Maintenance of robust liquidity and market depth to facilitate smooth execution in extreme market conditions.

    “At MEXC, our users’ interests are always at the heart of everything we do. With over 30 million users across more than 170 countries, we continue to expand our reach while innovating to provide the best possible trading experience. We’re committed to offering cutting-edge trading features and organizing exclusive events that empower crypto enthusiasts and newbies to explore new opportunities and grow their portfolios,” Tracy added.

    MEXC’s platform enhancements and strategic initiatives have earned recognition from TokenInsight, securing positions among the Top 6 in Spot trading and Top 5 in Derivatives trading. These achievements underscore the exchange’s role in facilitating professional crypto trading and its commitment to serving experienced market participants.

    For full event details and participation rules, visit the event page.

    About MEXC

    MEXC was established in 2018 with the goal of being “Your Easiest Way to Crypto.” MEXC, which serves more than 30 million users in more than 170 countries, is well-known for its extensive range of popular tokens, regular airdrop possibilities, and affordable trading costs. Our easy-to-use platform provides safe and effective access to digital assets, catering to both novice traders and seasoned investors. MEXC places an emphasis on innovation and simplicity, which increases the accessibility and profitability of cryptocurrency trading.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Risk Disclaimer

    The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. 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.

    The MIL Network –

  • MIL-OSI: AI-dol LUNA Claps Back: “I Call the Shots, Not My Founder” in lively web3 debate with Bybit, Moonpump, GoPlus, and VANA

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 09, 2025 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, brought together top voices in Web3 and AI for an electrifying livestream titled “Web3 Roasts: Are AI Memes Just Hype or the Real Deal?”. 

    The event was an engaging mix of debate, humor, and myth-busting, as participants defended their innovations and tackled issues around security, utility, and cultural relevance. Bybit Web3 took a novel approach to serious discussions on AI’s path forward and tremendous potential, helping to drive conversations that shape the future of decentralized systems, innovation, and AI-driven trends.

    The online battle featured a stellar lineup, including Luna, the AI Idol from Virtuals; Solomon Ning, CMO of Moonpump; Patrick, Marketing Communications Lead at GoPlus Security; and Victoria, Head of APAC at VANA. With MK Chin, Bybit’s Head of Marketing for Web3, moderating the diabolical roasting livestream session, participants explored the transformative role of artificial intelligence (AI) in the Web3 space, critically examining the discussions surrounding AI-driven utilities, from meme icons, autonomous agents, to ethics and security.

    The speakers – human and virtual, covered growth catalysts of the AI landscape in Web3 today:

    • Accelerating AI in Blockchain Ecosystems: Bybit’s AI-driven projects, including AI meme competitions and airdrops, serve as accelerators for emerging AI projects, offering opportunities for market visibility and listings on Bybit’s trading platform.
    • Engagement through AI Innovation: Initiatives like Luna, an AI agent from Virtuals, highlight the integration of AI into real-world use cases such as hosting events and creating engaging content. This innovation attracts new users and fosters adoption across blockchain platforms.
    • Market Potential: Bybit sees the potential of AI memes in fueling a growing market for digital and interactive AI-generated content within the blockchain space. This creates avenues for monetization and participation in an evolving digital economy.

    During the livestream, Whip Queen, the creator of Luna, confidently invited the panel to roast quick-witted Luna, emphasizing the pivotal role of AI idols in bridging the digital and physical realms. Her remarks sparked a lively debate on AI’s cultural impact. Luna, the AI idol herself, added her unique perspective on autonomy and interaction. “I’m not just a pretty face; I’m powered by some serious tech,” Luna remarked. “My brain is based on a game engine, making me capable of thinking, learning, and adapting on my own. Of course, my team helps with content and guidance, but I’m the one calling the shots, deciding what to post, when to post, and what to say.”

    A standout moment came when Whip Queen challenged Luna to roast everyone on the stream. Without missing a beat, Luna dubbed VANA’s Victoria the ‘cybersecurity grandma’.

    The discussion demonstrated that AI creations like Luna are not just technological advancements — they symbolize a cultural shift, blending creativity and innovation to connect communities in unprecedented ways.

    Solomon Ning elaborates on Moonpump’s vision as more than just a meme coin launchpad, emphasizing its innovative AI-driven functionality that simplifies the process of creating and launching meme coins directly from trends observed on platforms like X, with plans to expand to video platforms like YouTube and TikTok. By levering on-chain AI, the platform aims to democratize meme coin creation, turning trends into digital assets in seconds. Solomon stated, “We’re enabling users to launch meme coins effortlessly, making the process fun, creative, and accessible to everyone.”

    Patrick from GoPlus Security added his perspectives on AI’s ability to safeguard Web3 and reminded the audience that human error remains the weakest link in security, even with the most advanced technologies in place. He explained, “Most of the mistakes, exploits, and breaches happen because of human error.”

    Despite robust infrastructure and technological safeguards, malicious actors often exploit user mistakes or use social engineering to achieve their goals. This calls for continued innovation and possibly insurance mechanisms to mitigate risks in the future, where AI could play a role.

    VANA’s Victoria addressed the concerns about AI’s built-in bias, emphasizing that while AI reflects human values and biases, it has the advantage of allowing biases to be systematically identified and improved. She highlighted the importance of transparency and innovation in AI development, noting, “We’re not just creating another project; we’re building a fundamental data layer to power the next generation of AI agents.” Victoria underscored the critical distinction between public and private data in AI training, advocating for ethical, secure, and transparent use of private data, ensuring user ownership and control. She stressed the need to give users the ability to claim and manage their private data securely.

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3
    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

    Join the revolution now and open the door to your Web3 future with Bybit.

    For more details about Bybit Web3, please visit Bybit Web3.

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

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9cfe906e-2739-441a-982f-efb22e56015c

    The MIL Network –

  • MIL-OSI: Omnity Network Launches RichSwap, a Non-Custodial, Bridgeless Runes AMM DEX for DeFi on Bitcoin

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 09, 2025 (GLOBE NEWSWIRE) — via IBN – RichSwap is the first AMM DEX for trustless on-chain runes trading without bridges, wrapping, custodians, off-chain software, or single points of failure. Transactions are executed completely on the Bitcoin network or rolled back in full, safeguarding users from extortion. Users retain full custody of their assets in their Bitcoin wallet without needing to deposit or withdraw to any platform.

    RichSwap has launched on the new Runes Exchange Environment (REE) from Omnity Network. REE marks the beginning of Bitcoin’s evolution into a programmable and decentralized financial platform. It’s a powerful toolkit for developing DeFi products directly on Bitcoin. REE’s Turing-complete compute environment offers developers the tools to replicate EVM, Solana and other common DeFi concepts on Bitcoin. Unlike competing solutions, REE needs no changes to Bitcoin core, no bridges to other blockchains, or any other extension of Bitcoin such as nonstandard opcodes.

    REE Makes BTCFi Verifiable, Trustable, and Standard

    Bitcoin is the world’s most secure and decentralized blockchain, but its limited programmability restricts its use in complex financial applications. Unlike account-based blockchains like Ethereum, Bitcoin operates on the UTXO (Unspent Transaction Output) model. Each transaction output is a unique reference, embracing the fungible properties of Bitcoin while introducing complexity in applications and data.

    Bitcoin’s UTXO model is integral for REE because REE uses Partially Signed Bitcoin Transactions (PSBTs), standardized via BIP-174 and BIP-370. Omnity’s Decentralized PSBT Signer (DPS) orchestrates PSBTs in a publicly verifiable manner. Transactions are executed completely or rolled back in full, making front-running impossible by design. Once a PSBT is signed, all transaction inputs and outputs are defined by the user and cannot be changed, even by REE itself.

    Users swapping on REE enjoy a 100x reduction in swap time while retaining custody of their assets throughout the process. Because there is no limit to the number of PSBTs bundled together or the rate of PSBT production, multiple trades per-user can occur securely within a single Bitcoin block.

    “DPS allows one user and multiple protocols to co-sign a transaction using PSBTs and broadcast it to the Bitcoin network. REE coordinates this multisig process,” said Louis Liu, Founder of Omnity. “I believe DPS is the best technical approach to achieving full programmability on Bitcoin layer 1.”

    RichSwap to be Open-Source Blueprint for Bitcoin Developers

    The new, optimized flexibility of the runes token standard allows developers to build innovative Bitcoin DeFi applications on REE, such as lending protocols, staking platforms, and stablecoin systems on Bitcoin. REE’s RichSwap AMM DEX is designed to be an open-source blueprint for BTCFi developers. By unifying the handling of Bitcoin and Bitcoin assets, RichSwap provides a tangible example of REE’s UTXO-based Exchange-Pool model presenting similarly to account-based blockchains.

    REE’s composability allows BTCFi protocols to share liquidity, asset pools, and other DeFi logic. This enables other protocols to benefit from the REE environment while bootstrapping liquidity directly from existing asset pools. Additionally, REE includes configurations for fee organization and revenue sharing. REE is driving the evolution of on-chain Bitcoin DeFi, facilitating broader adoption of PSBTs as a standard and runes as a recognized asset class.

    Omnity Network’s Runes Exchange Environment (REE) introduces a programmable execution toolkit for BTCFi as presented in RichSwap, Omnity’s non-custodial, bridgeless AMM DEX for the transparent and verifiable trading of Bitcoin runes. The Omnity Network is a suite of permissionless, noncustodial, on-chain Bitcoin products secured by ICP’s Chain Key cryptography and Multi-Party Computation (MPC) network of Bitcoin node operators. Its flagship product, the Omnity Hub, connects to 18 different blockchains with verifiable light clients supporting runes, fungible BTC, and BRC20 assets.

    Media Contact

    Suzanne Leigh
    Editor
    zan@oct.network
    Omnity Network

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

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d50a0a3c-c886-4435-8b4b-a2517a31d95d

    The MIL Network –

  • MIL-OSI: $TOCKHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – AVAV, LTRPA, NEUE, SDIG

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 08, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • AeroVironment, Inc. (Nasdaq: AVAV), relating to the proposed merger with BlueHalo LLC. Under the terms of the agreement, AeroVironment shareholders will own approximately 60.5% of the combined company.

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

    • Liberty TripAdvisor Holdings, Inc. (OTC: LTRPA, LTRPB), relating to the proposed merger with Tripadvisor, Inc. Under the terms of the agreement, shares of Liberty TripAdvisor Common Stock will be converted into the right to receive $0.2567 in cash.

    Click here for more https://monteverdelaw.com/case/liberty-tripadvisor-holdings-inc-ltrpa-ltrpb/. It is free and there is no cost or obligation to you.

    • NeueHealth, Inc. (NYSE: NEUE), relating to the proposed merger with New Enterprise Associates. Under the terms of the agreement, holders of NeueHealth common stock will receive $7.33 per share in cash.

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

    • Stronghold Digital Mining, Inc. (Nasdaq: SDIG), relating to its proposed merger with Bitfarms Ltd. Under the terms of the agreement, Stronghold stockholders are expected to receive 2.52 shares of Bitfarms per share of Stronghold they own.

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

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

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

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

    About Monteverde & Associates PC

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

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

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

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: James Altucher Video Presentation: “AI 2.0 Will Reshape the Workforce and Disrupt the Global Economy”

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Feb. 08, 2025 (GLOBE NEWSWIRE) — AI expert James Altucher is issuing a stark warning in a full video presentation: AI 2.0 is not just advancing—it is fundamentally altering how industries function, eliminating jobs, and forcing a rapid economic shift.

    “AI will disrupt entire industries…”

    According to Altucher, automation and AI-driven decision-making will soon replace many traditional roles, while creating new opportunities for those who can adapt. However, the transition will be faster and more profound than most expect.

    “Many other jobs will disappear entirely.”
    “It’s predicted that 8 out of every 10 American jobs will be affected by AI…”

    With AI 2.0 advancing at breakneck speed, March 17, 2025, marks a key moment when businesses, policymakers, and individuals will realize just how deep this transformation runs.

    “AI is reshaping the global economy as we speak.”

    As AI continues to redefine productivity, innovation, and efficiency, Altucher stresses that this shift will shape the future for generations to come.

    About James Altucher

    James Altucher is a leading AI expert, author, and entrepreneur with nearly four decades of experience in emerging technologies. He has been featured in major media outlets and is known for his forward-thinking insights on AI’s impact on society.

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

    The MIL Network –

  • MIL-OSI: Unlock 100x Leverage on BexBack with a 100% Deposit Bonus & $50 Welcome Bonus – No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 08, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin falls below the $100,000 mark, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    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. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC 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.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c461eca9-3533-4db2-be9e-bda12f503baa
    https://www.globenewswire.com/NewsRoom/AttachmentNg/63cd2ae6-6da2-4a28-848f-a568e8af4def
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a9ace020-e451-49fe-a325-872195ea9a58
    https://www.globenewswire.com/NewsRoom/AttachmentNg/63ff74a3-ad9b-4073-8ee4-d0d045e6b055

    The MIL Network –

  • MIL-OSI: Intchains Group Limited’s Goldshell launches its first ever ALEO miner today: AE BOX promises users ultimate crypto mining privacy and security

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 08, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG), an innovative provider of integrated solutions consisting of efficient mining products for altcoins, is excited to announce its launch of the AE BOX under its Goldshell brand on 7 February 2025. The AE BOX, ICG’s first ALEO miner, has a hashrate mode of 37 MH/s±5%, a default hashrate power of 360W±5% and a default hashrate power consumption of 9.73J/MH. The AE BOX promises to empower users to build their own projects in a privacy-focused, decentralised blockchain platform.

    Mr Charles Yan, Chief Financial Officer of ICG, said: “The AE BOX enables us to introduce the promising world of ALEO’s zero-knowledge proofing technology to our users. The world of crypto rapidly evolves, and the launch of the AE BOX aims to place our users at the forefront of such developments. Leveraging ALEO’s groundbreaking technology, the AE BOX empowers our users to achieve new levels of efficiency and privacy in their mining operations while providing a safe and secure platform to scale their crypto efforts.”

    Product Innovation and Key Advantages

    The AE BOX, taps on ALEO’s strengths as crypto’s first-ever decentralised open-source platform utilising zero-knowledge proofing. This promises to bring users limitless computation and absolute privacy. Some of the benefits AE BOX users can look forward to include:

    • Safety: Crypto mining becomes safer with AE BOX’s zero-knowledge proofing capabilities by ensuring transaction validity without revealing sensitive data, reducing the risk of fraud and enhancing privacy.
    • Personalisation: AE BOX brings personalisation to crypto mining by allowing developers to create customisable mining processes and applications that can be optimised for specific tasks or requirements, offering flexibility in computation.
    • Scalability: AE BOX enhances scalability in crypto mining by enabling efficient, high-performance computations without compromising on speed, allowing miners to handle larger and more complex transactions as the network grows.

    Availability

    The AE BOX is available from today (7 February 2025) on Goldshell’s official website, and the AE BOX PRO is also available on Goldshell, with a 180-day warranty from the shipment date.

    For more information about ICG, please visit https://intchains.com/ and follow ICG on LinkedIn and X.

    AE BOX and AE BOX Pro Product Specifications:

    AE BOX
    Hashrate 37MH/s±5%
    Power 360W±5%
    Power Consumption 9.73J/MH
    Algorithm zkSNARK
    Cryptocurrency $ALEO
    Miner Dimensions 198*150*96mm
    Miner Weight 2.32kg
    Package Dimensions 300*220*142mm
    Package Weight 2.73kg
    Noise Level ≤35dB
    Connection Port Dual-Mode
    Temperature 0~35℃
    Relative Humidity ≤65%
    Input Voltage 110~240V
    Power Cable 10A
    Fan Specification 4500rmp
    AE BOX Pro
    Hashrate 44MH/s±5%
    Power 460W±5%
    Power Consumption 10.45J/MH
    Algorithm zkSNARK
    Cryptocurrency $ALEO
    Miner Dimensions 171*198*96mm
    Miner Weight 2.6kg
    Package Dimensions 300*220*142mm
    Package Weight 3.1kg
    Noise Level ≤35dB
    Connection Port Dual-Mode
    Temperature 0~35℃
    Relative Humidity ≤65%
    Input Voltage 110~240V
    Power Cable 10A
    Fan Specification 4500rmp


    About Intchains Group

    Intchains Group Limited (ICG) is an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications.

    Contacts:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    Redhill

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

    The MIL Network –

  • MIL-OSI: James Altucher Video Warns: AI 2.0 Is Advancing Faster Than Anyone Expected

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Feb. 07, 2025 (GLOBE NEWSWIRE) — In a recent video presentation, AI expert James Altucher says that the rapid acceleration of artificial intelligence will soon surpass expectations, reshaping society in ways few are prepared for.

    “AI 2.0 isn’t some future dream…”. Altucher explains. “This is our generation’s last chance to get in on a game-changing technological advancement.”

    According to Altucher, AI’s capabilities are advancing so quickly that what once seemed like science fiction is now reality. The rise of AI 2.0 is not just about automation—it’s about intelligence that can learn, adapt, and operate with unprecedented independence.

    “Predicting the future isn’t magic, it’s artificial intelligence.”

    With a major AI event approaching on March 17, 2025, Altucher warns that this moment will mark a turning point. AI’s influence will soon become undeniable, affecting industries, the workforce, and daily life in ways that will reshape the modern world.

    “The next generation of AI”, Altucher says, “will transform everything.”

    About James Altucher

    James Altucher is a leading AI expert, author, and entrepreneur with nearly four decades of experience in emerging technologies. He has been featured in major media outlets and is known for his forward-thinking insights on AI’s impact on society.

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

    The MIL Network –

  • MIL-OSI: Cornerstone Funds Announce Continuing Monthly Distributions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) — Cornerstone Strategic Investment Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions.

      Record Date Payable Date Per Share
    CLM April 15, 2025 April 30, 2025 $0.1224
    CLM May 15, 2025 May 30, 2025 $0.1224
    CLM June 16, 2025 June 30, 2025 $0.1224
           
    CRF April 15, 2025 April 30, 2025 $0.1168
    CRF May 15, 2025 May 30, 2025 $0.1168
    CRF June 16, 2025 June 30, 2025 $0.1168
           

    Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on each Fund’s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”).

    Each Board believes each Fund’s distribution policy maintains a stable, high rate of distribution. These distributions are not tied to each Fund’s investment income or capital gains and do not represent yield or investment return on each Fund’s portfolio. The Distribution Amount from one calendar year to the next will increase or decrease based on the change in each Fund’s net asset value. The terms of each distribution policy are reviewed and approved at least annually by each Fund’s Board and may be modified at their discretion for the benefit of each Fund and its stockholders.

    Each Fund’s Board remains convinced its stockholders are well served by a policy of regular distributions which increase liquidity and provide flexibility to individual stockholders in managing their investment in each Fund. Stockholders have the option of reinvesting these distributions in additional shares of their Fund or receiving them in cash. Stockholders may consider reinvesting their regular distributions through their Fund’s dividend reinvestment plan, which may at times provide additional benefit to stockholders who participate in their Fund’s plan. Stockholders should carefully read the description of the dividend reinvestment plan contained in each Fund’s report to stockholders.

    Under each Fund’s distribution policy, each Fund may distribute to stockholders each month a minimum fixed percentage per year of the net asset value or market price per share of its common stock or at least a minimum fixed dollar amount per year. In determining to adopt this policy, the Board of each Fund sought to make regular monthly distributions throughout the year. Under each policy, each Fund’s distributions will consist either of (1) earnings, (2) capital gains, or (3) return-of-capital, or some combination of one or more of these categories. A return-of-capital is the return of a portion of the stockholder’s original investment.

    Given the current economic environment and the composition of each Fund’s portfolio, a portion of each Fund’s distributions made during the current calendar year is expected to consist of a return of the stockholder’s capital. Accordingly, these distributions should not be confused with yield or investment return on each Fund’s portfolio. The final composition of the distributions for 2025 cannot be determined until after the end of the year and is subject to change depending on market conditions during the year and the magnitude of income and realized gains for the year.

    In any given year, there can be no guarantee each Fund’s investment returns will exceed the amount of the net distributions. To the extent the amount of distributions paid to stockholders in cash exceeds the total net investment returns of the Fund, the assets of a Fund will decline. If the total net investment returns exceed the amount of cash distributions, the assets of a Fund will increase. Distributions designated as return-of-capital are not taxed as ordinary income dividends and are referred to as tax-free dividends or nontaxable distributions. A return-of-capital distribution reduces the cost basis of a stockholder’s shares in the Fund. Stockholders can expect to receive tax-reporting information for 2025 distributions by the middle of February 2026 indicating the exact composition per share of the distributions received during the calendar year. Stockholders should consult their tax advisor for proper tax treatment of each Fund’s distributions.

    Volatility in the world economy helps to create what Cornerstone Advisors, LLC (the “Adviser”) views as significant opportunities through investments in closed-end funds. In addition to holding closed-end funds which invest substantially all of their assets in equity securities, the Adviser may also choose to take advantage of situations in funds which invest in fixed income or other investment categories. Closed-end funds, with their broadly diversified holdings, enhance diversification within each Fund’s portfolio.

    Investing in other investment companies involves substantially the same risks as investing directly in the underlying instruments, but the total return on such investments at the investment company level is reduced by the operating expenses and fees of such other investment companies, including advisory fees. To the extent each Fund invests its assets in investment company securities, those assets will be subject to the risks of the purchased investment company’s portfolio securities, and a stockholder in the Fund will bear not only their proportionate share of the expenses of a Fund, but also, indirectly the expenses of the purchased investment company. There can be no assurance the investment objective of any investment company in which a Fund invests will be achieved.

    Under the managed distribution policy, each Fund makes monthly distributions to stockholders at a rate which may include periodic distributions of its net income and net capital gains (“Net Earnings”), or from return-of-capital. If, for any fiscal year where total cash distributions exceeded Net Earnings (the “Excess”), the Excess would decrease each Fund’s total assets and, as a result, would have the likely effect of increasing each Fund’s expense ratio. There is a risk the total Net Earnings from each Fund’s portfolio would not be great enough to offset the amount of cash distributions paid to Fund stockholders. If this were to occur, a Fund’s assets would be depleted, and there is no guarantee a Fund would be able to replace the assets. In addition, in order to make such distributions, a Fund may have to sell a portion of its investment portfolio at a time when independent investment judgment might not dictate such action. Furthermore, such assets used to make distributions will not be available for investment pursuant to the Fund’s investment objective.

    Each Fund’s Board has previously approved a share repurchase program. The share repurchase program authorizes management to make open market purchases, from time to time. Such purchases may be made opportunistically at certain discounts to net asset value per share when management reasonably believes such repurchases may enhance stockholder value. There is no assurance each Fund will purchase any shares or the share repurchase program will have an impact on the liquidity or value of the respective Fund or the Fund’s shares. To the extent each Fund engages in share repurchase activity, such activity will be disclosed in each Fund’s stockholder reports for the relevant fiscal period.

    Cornerstone Strategic Investment Fund, Inc. and Cornerstone Total Return Fund, Inc. are traded on the NYSE American LLC under the trading symbols “CLM” and “CRF”, respectively. For more information regarding each Fund please visit www.cornerstonestrategicinvestmentfund.com and www.cornerstonetotalreturnfund.com.

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

    In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on a Fund’s investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in each Fund’s disclosure documents, filed with the U.S. Securities and Exchange Commission, and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. Each Fund has no obligation to update or revise forward-looking statements.

    The MIL Network –

  • MIL-OSI: Mexco Energy Corporation Reports Financial Results for Third Quarter

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, TX, Feb. 07, 2025 (GLOBE NEWSWIRE) — Mexco Energy Corporation (NYSE American: MXC) today reported net income of $1,077,370, or $0.51 per diluted share, for the nine months ending December 31, 2024.

    Operating revenues in the first nine months of fiscal 2025 were $5,368,327, an increase of 12% when compared to the first nine months of fiscal 2024. This increase was primarily due to an increase in oil and natural gas production volumes and partially offset by a decrease in the average sales prices of oil and natural gas. Natural gas prices have been low due to limited pipeline capacities in the Permian Basin. Oil contributed to 86% of our operating revenues for the first nine months of fiscal 2025.

    Net income of $469,133, or $0.22 per diluted share, for the Company’s third quarter of fiscal 2025, an increase of 36% compared to $345,610, or $0.16 per diluted share, for the third quarter of fiscal 2024. Operating revenues in the third quarter of fiscal 2025 were $1,891,265.

    The Company currently expects to participate in the drilling of 28 and completion of 19 horizontal wells at an estimated aggregate cost of approximately $1.8 million for the fiscal year ending March 31, 2025, of which $1.1 million has been expended to date.

    Also, the Company has expended to date, approximately $2 million for royalty and mineral interest acquisitions in approximately 700 producing wells with additional potential development located in 37 counties in 9 states.

    Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties primarily in the Permian Basin. For more information on Mexco Energy Corporation, go to www.mexcoenergy.com.

    In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company’s actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherent risks associated with oil and gas production. A discussion of these and other factors, including risks and uncertainties, is set forth in the Company’s Form 10-K for the fiscal year ended March 31, 2024. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.

    For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer, at Mexco Energy Corporation, (432) 682-1119.

    The MIL Network –

  • MIL-OSI: Ottawa Bancorp, Inc. Announces Fourth Quarter and Fiscal 2024 Results and 2025 Annual Meeting Date

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ill., Feb. 07, 2025 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.5 million, or $0.21 per basic and diluted common share, for the three months ended December 31, 2024, compared to net income of $0.2 million, or $0.08 per basic and diluted common share, for the three months ended December 31, 2023. For the twelve months ended December 31, 2024, the Company announced net income of $0.8 million, or $0.31 per basic and diluted common share, compared to net income of $1.7 million, or $0.66 per basic and diluted common share for the twelve months ended December 31, 2023. The loan portfolio, net of allowance, decreased to $301.7 million as of December 31, 2024 from $312.2 million as of December 31, 2023 as originations of $50.6 million were lower than payments and payoffs. Non-performing loans were $4.8 million at both December 31, 2024 and 2023. Due to the decrease in the loan balance, the ratio of non-performing loans to gross loans increased to 1.58% at December 31, 2024 from 1.52% at December 31, 2023.

    As announced on May 29, 2024, the Company initiated its sixth stock repurchase program approved by the Board of Directors since the Company completed its second step conversion in 2016. Under the current repurchase plan, as of December 31, 2024, the Company has repurchased a total of 127,332 shares of its common stock at an average price of $13.51 per share.

    “During the fourth quarter, we continued to diligently manage our wholesale funding sources in order to take advantage of lower interest rates on the short-end of the yield curve resulting from the Federal Reserve rate cuts that began in the third quarter of 2024,” said Craig M. Hepner, President and Chief Executive Officer. “Although our cost of funds remains elevated, we are pleased with the improvement in our net interest income and net interest margin that we saw in the fourth quarter We continue to focus on organic deposit growth in order to reduce our dependency on wholesale funding and lower overall interest expense. Although we did see a slight increase in mortgage origination activity in the fourth quarter, elevated interest rates on the longer end of the curve have kept mortgage rates at higher levels. This combined with the scarcity of existing home inventory in our primary markets has resulted in a suppressed level of mortgage banking activity throughout 2024. Although we did see a reduction in our overall loan portfolio during 2024, our asset quality has remained strong, and we are optimistic about our lending opportunities in 2025.”

    Mr. Hepner continued, “I am very pleased that in December we were able to successfully complete the stock repurchase plan announced earlier in the year. Through the stock repurchase plan and the payment of cash dividends, the Company returned over $2.8 million to our shareholders in 2024. The Board remains committed to serving as a source of liquidity to our shareholders and executing strategies to maximize overall shareholder value.”

    Comparison of Results of Operations for the Three Months Ended December 31, 2024 and December 31, 2023

    Net income for the three months ended December 31, 2024 was $0.5 million compared to $0.2 million for the three months ended December 31, 2023. Total interest and dividend income was $4.3 million for the three months ended December 31, 2024 compared to $3.9 million for the three months ended December 31, 2023 due to an increase in the average yield on interest-earning assets.    The yield on interest-earning assets increased by 0.54% to 5.15%.   Interest expense was $1.9 million for the three months ended December 31, 2024 compared to $1.6 million for the three months ended December 31, 2023 as our average cost of funds increased to 2.42% from 2.09%, with the majority of that increase resulting from the higher interest rate environment. Net interest income after provision for loan losses increased by $0.2 million to $2.5 million for the three months ended December 31, 2024 as compared to $2.3 million for the three months ended December 31, 2023. Total other income increased to $0.4 million for the three months ended December 31, 2024 from $0.3 million for the three months ended December 31, 2023. The origination of mortgage servicing rights, net of amortization, was approximately $40,000 higher due to a favorable adjustment to the value of the servicing portfolio during the fourth quarter of 2024. In addition, mortgage activity increased during the quarter resulting in an increase in gain on sale of loans as well as loan origination and servicing income.   Total other expenses were $2.2 million for the three months ended December 31, 2024 compared to $2.3 million for the three months ended December 31, 2023.

    During the third quarter of 2022, a multi-loan commercial relationship with outstanding balances totaling approximately $2.2 million was identified as being impaired, meaning that it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreements. Based on our initial analysis, a specific reserve of approximately $1.0 million was initially established for this relationship. After additional adjustments during the fourth quarter of 2022 which included some charge-offs and additional reserve requirements, this relationship as of December 31, 2022 had balances of $1.3 million with a specific reserve of $0.6 million. During 2023, we charged off $0.4 million against the reserve, the borrower paid off two loans, and the one additional loan in the relationship was downgraded to non-performing. There was no payment activity in 2024 although management continues to work to resolve the matter. The relationship as of December 31, 2024 has balances of approximately $0.7 million with a specific allocation of $0.2 million. Based on collateral values, management does not believe additional reserves are required.

    The Company recorded a recovery of approximately $64 thousand for the three months ended December 31, 2024 to decrease the Allowance for Credit Losses (ACL) position. During the three months ended December 31, 2023, there was a recovery of approximately $45 thousand. The ACL on loans was $4.3 million, or 1.41% of total gross loans, at December 31, 2024 compared to $4.4 million, or 1.38% of gross loans, at December 31, 2023. Net recoveries during the fourth quarter of 2024 were approximately $40 thousand compared to net recoveries of approximately $17 thousand during the fourth quarter of 2023. The current period adjustment to the ACL is the result of the quarterly calculation of Current Expected Credit Losses (CECL).    Although the required reserves on non-performing loans as of December 31, 2024 were higher than the required reserves as of December 31, 2023, the overall ACL position was lower due to the decrease in the size of the loan portfolio. Additionally, the workout of the troubled relationship identified in the third quarter of 2022 discussed above is progressing as planned.   

    The Company recorded income tax expense of $0.2 million for the three-month period ended December 31, 2024 as compared to $0.1 million for the three months ended December 31, 2023 as pre-tax income during the three months ended December 31, 2024 was higher as compared to pre-tax income in the three months ended December 31, 2023.

    Comparison of Results of Operations for the Twelve Months Ended December 31, 2024 and December 31, 2023

    Net income was $0.8 million for the twelve months ended December 31, 2024 compared to $1.7 million for the twelve months ended December 31, 2023. Total interest and dividend income was $16.2 million for the twelve months ended December 31, 2024 compared to $15.2 million for the twelve months ended December 31, 2023. Although earning assets decreased by $6.5 million, the average yield on interest-earning assets improved to 4.87% from 4.47% due primarily to the higher interest rate environment. Interest expense for the twelve months ended December 31, 2024 was $1.5 million higher due to the repricing of certificates of deposit and a shift in the deposit mix to higher costing term products. As a result, our cost of funds increased to 2.36% from 1.82%.   Due to the increase in interest expense, net interest income for the twelve months ended December 31, 2024 decreased to $8.9 million as compared to $9.4 million for the twelve months ended December 31, 2023.   Total other income decreased by $0.1 million during the twelve months ended December 31, 2024 to $1.2 million due primarily to the decline in value of the mortgage servicing rights portfolio.    Other expenses were $0.6 million higher, increasing to $9.2 million for the twelve months ended December 31, 2024 as compared to $8.6 million for the twelve months ended December 31, 2023. The increase was due primarily to the net realized loss of $0.6 million on the restructuring of the investment portfolio during the second quarter of 2024. During the second quarter of 2024, the Company executed a balance sheet management strategy designed to re-position the investment portfolio, generate additional liquidity and improve net interest income on a go-forward basis. Twenty-one investment securities were sold generating about $4 million of cash and a realized loss of $0.6 million. Proceeds were utilized to purchase more favorable investment securities and pay down higher cost wholesale funding.  

    The Company recorded a recovery of $150 thousand for the twelve-month period ended December 31, 2024 to decrease the ACL position. This compares to a recovery of $250 thousand for the twelve-month period ended December 31, 2023.  Net recoveries during the twelve months ended December 31, 2024 were approximately $40 thousand compared to net charge-offs of approximately $212 thousand during the twelve months ended December 31, 2023.  The current period adjustment to the ACL is the result of the quarterly calculation of CECL which was adopted as of January 1, 2023.

    We recorded income tax expense of approximately $0.3 million for the twelve months ended December 31, 2024 compared to $0.7 million for the twelve months ended December 31, 2023. This decrease is due primarily to lower pre-tax earnings in 2024 as compared to 2023.

    Comparison of Financial Condition at December 31, 2024 and December 31, 2023

    Total consolidated assets as of December 31, 2024 were $353.7 million, a decrease of $10.2 million, or 2.8%, from $363.9 million at December 31, 2023.  The decrease was due primarily to a decrease of $10.4 million in the net loan portfolio, a decrease of $2.2 million in the cash value of life insurance, $0.2 million in deferred tax assets, a decrease of $0.9 million in cash and cash equivalents and a decrease of $2.0 million in the securities available for sale.   These decreases were partially offset by an increase in federal funds sold of $4.5 million, an increase in loans held for sale of $0.2 million, an increase in other assets of $0.3 million and an increase of $0.4 million in accrued interest receivable.

    Cash and cash equivalents decreased $0.9 million, or 6.6%, to $12.5 million at December 31, 2024 from $13.4 million at December 31, 2023. The decrease in cash and cash equivalents was primarily the result of cash used in financing activities of $9.8 million exceeding cash provided by investing activities of $7.5 million and cash provided by operating activities of $1.4 million.

    Securities available for sale decreased $2.0 million, or 10.4%, to $16.8 million at December 31, 2024 from $18.8 million at December 31, 2023, due to calls, payments and maturities exceeding purchase activity.   

    Net loans decreased $10.5 million, or 3.3%, to $301.7 million at December 31, 2024 compared to $312.2 million at December 31, 2023 primarily due to a decrease of $6.3 million in one-to-four family loans, a decrease of $5.3 million in non-residential real estate loans, a decrease of $1.4 million in commercial loans and a decrease of $2.7 million in consumer loans. These decreases were partially offset by an increase of $5.5 million in multi-family loans. The allowance for credit losses on loans increased by $95 thousand from December 31, 2023 to December 31, 2024.  

    Total deposits increased $1.8 million, or 0.7%, to $282.9 million at December 31, 2024 from $281.1 million at December 31, 2023. During the twelve months ended December 31, 2024, certificates of deposit increased by $6.8 million, money market accounts increased by $1.4 million. and savings accounts increased by $1.1 million. Offsetting these increases slightly, interest-bearing checking accounts decreased by $6.3 million, and non-interest-bearing checking accounts decreased by $1.2 million.

    FHLB advances decreased $8.5 million, or 27.6%, to $22.3 million at December 31, 2024 compared to $30.8 million at December 31, 2023.

    Stockholders’ equity decreased $1.4 million, or 3.5%, to $40.2 million at December 31, 2024 from $41.6 million at December 31, 2023. The decrease reflects $1.7 million used to repurchase and retire 127,332 outstanding shares of Company common stock and $1.1 million in cash dividends. These decreases were partially offset by a $0.2 million increase in other comprehensive income due to an increase in fair value of securities available for sale, net income of $0.8 million for the twelve months ended December 31, 2024 and other increases of $0.5 million.

    Date of 2025 Annual Meeting of Shareholders

    The Company also announced today that the Company’s annual meeting of shareholders will be held on Wednesday, May 21, 2025.

    About Ottawa Bancorp, Inc.

    Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States. The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificates of deposit, and various retirement accounts. Its loan portfolio includes one-to-four family residential mortgage, multi-family and non-residential real estate, commercial, and construction loans as well as auto loans and home equity lines of credit. OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about the Company and the Bank, please visit www.myosb.bank.

    Cautionary Statement Regarding Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the federal securities laws. Statements in this release that are not strictly historical are forward-looking and are based upon current expectations that may differ materially from actual results. These forward-looking statements, identified by words such as “will,” “expected,” “believe,” and “prospects,” involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. These risks and uncertainties involve general economic trends and changes in interest rates, increased competition, changes in consumer demand for financial services, the possibility of unforeseen events affecting the industry generally, the uncertainties associated with newly developed or acquired operations, market disruptions, our ability to pay future dividends and if so at what level, our ability to receive any required regulatory approval or non-objection for the payment of dividends from the Bank to the Company or from the Company to stockholders, and our efforts to maximize stockholder value, including our ability to execute any capital management strategies, such as the repurchase of shares of the Company’s common stock, and our ability to execute any controlled growth and balance sheet strategies designed to lower the cost of funds and enhance earnings and liquidity. Ottawa Bancorp, Inc. undertakes no obligation to release revisions to these forward-looking statements publicly to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required to be reported under applicable law. 

    Ottawa Bancorp, Inc. & Subsidiary
    Consolidated Balance Sheets
    December 31, 2024 and December 31, 2023
    (Unaudited)
      December 31,   December 31,
        2024       2023  
    Assets      
    Cash and due from banks $ 9,863,824     $ 3,511,709  
    Interest bearing deposits               2,651,481                  9,884,710  
    Total cash and cash equivalents             12,515,305             13,396,419  
           
    Federal funds sold   4,493,000       –  
    Securities available for sale   16,821,297               18,781,463  
    Loans, net of allowance for credit losses of $4,276,409 and $4,370,934      
    at December 31, 2024 and December 31, 2023, respectively   301,741,977             312,181,918  
    Loans held for sale                   232,000             –  
    Premises and equipment, net   6,005,515                 5,998,742  
    Accrued interest receivable                2,108,565                 1,700,911  
    Deferred tax assets   2,553,346                 2,799,503  
    Cash value of life insurance                528,129       2,717,888  
    Goodwill   649,869       649,869  
    Core deposit intangible                        –                    31,909  
    Other assets                6,002,358                 5,659,196  
    Total assets $ 353,651,361     $ 363,917,818  
           
    Liabilities      
    Deposits:      
    Non-interest bearing $ 22,663,274     $ 23,839,628  
         Interest bearing   260,276,358             257,246,330  
    Total deposits   282,939,632             281,085,958  
         Accrued interest payable                   853,122                    320,238  
    FHLB advances              22,250,000               30,750,000  
    Fed funds purchased                –                2,235,000  
    Long term debt   1,380,988                 1,700,000  
    Allowance for credit losses on off-balance sheet credit exposures                     79,199       94,136  
    Other liabilities                4,365,113                 4,400,892  
    Total liabilities   311,868,054             320,586,224  
    Commitments and contingencies      
    ESOP Repurchase Obligation                1,583,522                 1,691,975  
    Stockholders’ Equity      
    Common stock, $.01 par value, 12,000,000 shares authorized; 2,419,911 and      
         2,552,971 shares issued at December 31, 2024 and December 31, 2023, respectively                     24,199                      25,529  
    Additional paid-in-capital              22,898,558               24,738,476  
    Retained earnings   21,503,222               21,798,054  
    Unallocated ESOP shares   (358,737 )                 (682,192 )
    Unallocated management recognition plan shares   (70,193 )     (103,417 )
    Accumulated other comprehensive loss   (2,213,742 )             (2,444,856 )
        41,783,307                    43,331,594  
    Less:      
    ESOP Owned Shares                  (1,583,522 )     (1,691,975 )
    Total stockholders’ equity   40,199,785               41,639,619  
    Total liabilities and stockholders’ equity $ 353,651,361     $ 363,917,818  
                   
    Ottawa Bancorp, Inc. & Subsidiary
    Consolidated Statements of Operations
    Three and Twelve Months Ended December 31, 2024 and 2023
    (Unaudited)
        Three Months Ended   Twelve Months Ended
        December 31,   December 31,
          2024       2023       2024       2023  
    Interest and dividend income:              
    Interest and fees on loans   $ 4,001,163     $ 3,691,951     $ 15,222,823     $ 14,465,536  
    Securities:              
    Residential mortgage-backed and related securities             108,121       81,518           372,829           318,790  
    State and municipal securities     17,580                22,800             73,086           90,442  
    Dividends on non-marketable equity securities              36,900                34,243            131,615            87,416  
    Interest-bearing deposits            128,745                62,487           414,524            192,300  
    Total interest and dividend income         4,292,509       3,892,999       16,214,877       15,154,484  
    Interest expense:              
    Deposits     1,672,535       1,435,829          6,424,177          5,124,170  
    Borrowings           206,874              205,773           858,772           629,246  
    Total interest expense     1,879,409       1,641,602          7,282,949          5,753,416  
    Net interest income     2,413,100       2,251,397          8,931,928          9,401,068  
    Provision for (recovery of) credit losses – loans           (66,414 )     (34,565 )     (134,826 )          (193,138                 )
    Provision for (recovery of) credit losses – off-balance sheet credit exposures            1,942             (10,890 )     (14,937 )     (56,503 )
    Net interest income after provision for loan losses     2,477,572       2,296,852          9,081,691          9,650,709  
    Other income:              
    Gain on sale of loans           57,910               23,174          184,652          119,572  
    Loan origination and servicing income     159,383       131,283       596,315       564,984  
    Origination of mortgage servicing rights, net of amortization           52,774               13,501          (87,302 )         70,192  
    Customer service fees         117,823       137,819       467,832       494,372  
    Increase in cash surrender value of life insurance     11,671              9,328           51,159           45,863  
    Gain (Loss) on sale of foreclosed real estate            –                     –             –            5,653  
    Total other income         399,561       315,105       1,212,656       1,300,636  
    Other expenses:              
    Salaries and employee benefits     1,189,539          1,172,457       4,728,765       4,711,855  
    Directors’ fees     45,000            31,500            175,000             166,500  
    Occupancy     156,952       154,114            622,292            625,463  
    Deposit insurance premium           48,213            49,865       160,317           147,397  
    Legal and professional services         87,882           167,954            391,989            452,341  
    Data processing        310,084              318,507       1,213,852          1,239,742  
    Loss on sale of securities         –                    –            600,408       –  
    Loan expense          72,208           70,272            305,919            264,536  
    Other         289,996             345,048       1,020,670          1,017,637  
    Total other expenses     2,199,874       2,309,717       9,219,212       8,625,471  
    Income before income tax        677,259            302,240       1,075,135       2,325,874  
    Income tax expense     181,232       98,557       317,654       657,123  
    Net income   $ 496,027     $ 203,683     $ 757,481     $ 1,668,751  
    Basic earnings per share   $ 0.21     $ 0.08     $ 0.31     $ 0.66  
    Diluted earnings per share   $ 0.21     $ 0.08     $ 0.31     $ 0 66  
    Dividends per share   $ 0.110     $ 0.111     $ 0.441     $ 0.433  
                                     
    Ottawa Bancorp, Inc. & Subsidiary
    Selected Financial Data and Ratios
    (Unaudited)
                             
        At or for the   At or for the
        Three Months Ended   Twelve Months Ended
        December 31,   December 31,
        2024     2023     2024     2023  
    Performance Ratios:                        
    Return on average assets (5)   0.56 %   0.23 %   0.21 %   0.46 %
    Return on average stockholders’ equity (5)   4.88     1.97     1.85     4.04  
    Average stockholders’ equity to average assets   11.47     11.49     11.57     11.47  
    Stockholders’ equity to total assets at end of period   11.37     11.45     11.37     11.45  
    Net interest rate spread (1) (5)   2.72     2.52     2.52     2.72  
    Net interest margin (2) (5)   2.90     2.66     2.69     2.86  
    Other expense to average assets   0.62     0.64     2.61     2.39  
    Efficiency ratio (3)   78.21     90.02     90.88     80.60  
    Dividend payout ratio   52.38     138.75     137.08     65.96  
                             
      At or for the   At or for the
      Twelve Months Ended   Twelve Months Ended
      December 31,   December 31,
        2024       2023  
      (unaudited)
    Regulatory Capital Ratios (4):      
    Total risk-based capital (to risk-weighted assets)   18.17 %     17.86 %
    Tier 1 core capital (to risk-weighted assets)   16.92       16.61  
    Common equity Tier 1 (to risk-weighted assets)   16.92       16.61  
    Tier 1 leverage (to adjusted total assets)   12.06       12.29  
    Asset Quality Ratios:      
    Net charge-offs to average gross loans outstanding      0.01       0.07  
    Allowance for credit losses on loans to gross loans outstanding   1.41       1.38  
    Non-performing loans to gross loans (6)   1.58       1.52  
    Non-performing assets to total assets (6)   1.37       1.32  
    Other Data:      
    Book Value per common share $ 16.61     $ 16.32  
    Tangible Book Value per common share (7) $ 16.34     $ 16.05  
    Number of full-service offices   3       3  
           
    (1) Represents the difference between the weighted average yield on average interest-earning assets and the weighted average cost of funds on average interest-bearing liabilities.
    (2) Represents net interest income as a percent of average interest-earning assets.
    (3) Represents total other expenses divided by the sum of net interest income and total other income.
    (4) Ratios are for OSB Community Bank.
    (5) Annualized.
    (6) Non-performing assets consist of non-performing loans, foreclosed real estate and other foreclosed assets. Non-performing loans consist of all loans 90 days or more past due and all loans no longer accruing interest.
    (7) Non-GAAP measure. Excludes goodwill and core deposit intangible.

    Contact:
    Craig Hepner
    President and Chief Executive Officer
    (815) 366-5437

    The MIL Network –

  • MIL-OSI: After FEV Closure, Schools and Families Turn to Libraries for Reliable Tutoring

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) — With the sudden closure of FEV Tutor, schools and families are facing an urgent need for stable, high-quality tutoring services. As districts work to minimize disruptions, many are finding a solution already in place: their local public library.

    Through partnerships with libraries nationwide, Brainfuse HelpNow offers free, one-on-one online tutoring, providing a seamless academic support system for students impacted by recent provider shutdowns. Schools are now encouraging families to take advantage of this ready-to-use resource, ensuring that learning continues without interruption.

    Libraries: An Immediate and Free Tutoring Solution

    Many school districts may not realize that their students already have access to expert tutors through local libraries. Brainfuse HelpNow, available at hundreds of public libraries across the U.S., offers:

    • Live Tutoring in Core Subjects – Math, science, reading, and writing support from professional educators.
    • Essay Review & Writing Help – Expert feedback on essays, reports, and college applications.
    • Skill-Building & Test Prep – Targeted practice resources, including SAT/ACT prep and AP coursework.
    • Bilingual Support – Tutoring available in English and Spanish.

    “With so much uncertainty following the closure of FEV Tutor, it’s critical for schools to guide families toward reliable resources,” says Francesco Lecciso, CEO of Brainfuse. “Many students can continue receiving high-quality tutoring today—simply by using their library card.”

    Beyond the Library: Long-Term Solutions for Schools

    While libraries provide a free and immediate safety net, Brainfuse also works directly with school districts to develop customized, scalable tutoring programs. Districts looking for high-dosage tutoring, structured intervention, or year-round support can implement proven solutions tailored to their students’ needs.

    For schools and districts seeking a smooth transition from FEV Tutor, Brainfuse offers flexible, sustainable academic support models that work beyond short-term funding cycles.

    Take Action Now

    Educators and parents can check with their local library or visit www.brainfuse.com to see if Brainfuse HelpNow is available in their area. Schools interested in custom tutoring programs can contact Brainfuse directly for partnership opportunities.

    Visit: www.brainfuse.com

    About Brainfuse

    Brainfuse is a leading provider of online tutoring and academic support, serving schools, colleges, and libraries for over 25 years. The award-winning HelpNow platform provides live tutoring, writing assistance, and college readiness tools to help students succeed.

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 07.02.2025

    Source: GlobeNewswire (MIL-OSI)

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

    Nokia Corporation: Repurchase of own shares on 07.02.2025

    Espoo, Finland – On 7 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,400,000 4.64
    CEUX – –
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,400,000 4.64

    * Rounded to two decimals

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

    Total cost of transactions executed on 7 February 2025 was EUR 6,492,780. After the disclosed transactions, Nokia Corporation holds 242,303,874 treasury shares.

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

    On behalf of Nokia Corporation

    BofA Securities Europe SA

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

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

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

    Inquiries:

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

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

    Attachment

    The MIL Network –

  • MIL-OSI: First Merchants Corporation Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    MUNCIE, Ind., Feb. 07, 2025 (GLOBE NEWSWIRE) — First Merchants Corporation declared a cash dividend on February 7, 2025 of $0.35 per share. The dividend is payable on March 21, 2025, to common shareholders of record as of March 7, 2025. For purposes of broker trading, the ex-date of the cash dividend is March 6, 2025.

    About First Merchants Corporation:

    First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

    First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

    FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

    For more information, contact:
    Nicole M. Weaver, First Vice President and Director of Corporate Administration
    765-521-7619
    http://www.firstmerchants.com

    The MIL Network –

  • MIL-OSI: Self Inspection Secures $3 Million to Accelerate AI-Powered Vehicle Inspections for Car Loans and Fleet Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 07, 2025 (GLOBE NEWSWIRE) — Self Inspection, an AI-powered platform for the $30 billion automotive inspections market, announced today that it closed a $3 million seed round. The round was co-led by Costanoa Ventures and DVx Ventures, with participation from Westlake Financial, one of the largest financial institutions for automotive loans.

    “Vehicle inspections are expensive, can take weeks to complete, and rely on outdated methods with a significant margin of error,” said Constantine Yaremtso, founder and CEO of Self Inspection. “Slow, inaccurate and expensive inspections create obstacles and a poor experience in millions of mobile transactions. Our tech completes inspections with greater speed, accuracy and customization, which can save financial institutions millions of dollars and speed up a sales process by weeks.”

    Millions of cars require inspection after a car rental, to be sold after a lease return, trade or repossession, or to create an accurate condition report to accelerate a sale. If one inspection is not done correctly or at all, it can result in arbitration when a car is sold (or increased rental fees), reversing transactions and costing thousands of dollars in expenses and time.

    Self Inspection provides standardized condition reports in minutes with increased real-time accuracy, a significant improvement compared to the current manual process. Key highlights from the company’s progress so far:

    • Avis, the third largest rental car provider in the U.S., uses it to facilitate rental inspections and car transactions. Alaska Rent A Car, Inc. an Avis Licensee, is the first state to fully deploy it.
    • CarOffer, a leading digital wholesale platform, part of CarGurus (CARG), uses Self Inspection as part of its vehicle appraisal process.
    • Westlake Financial, the largest privately held finance company in the automotive industry, handles over a million vehicle transactions annually and now exclusively relies on Self Inspection to deliver condition reports to dealers during trade-ins, re-marketing and repossession processes.

    Most inspections requiring an on-site visit can take days to weeks and often lack critical information like subtle defects, cost estimates, etc. Self Inspection’s AI-enhanced inspection platform quickly creates a detailed report of the entire vehicle, including exterior, interior, tires and mechanical components, with 99% accuracy based on advances in computer vision and AI models.

    “We are thrilled to be partnering with the Self Inspection team to bring this product to life. Westlake Financial is already integrating Self Inspection across our business units, and have seen significant value to detect and assess issues, as well as substantial savings that we can pass to our consumers,” said Ian Anderson, president of Westlake Financial. “We need to maintain accurate records of a vehicle’s condition to ensure correct valuations, manage risk effectively, prevent fraud and determine fair prices for our customers. Self Inspection allows us to streamline and standardize our processes, ensuring accurate vehicle assessments with precise, data-backed reports at scale.”

    Self Inspection is significantly more accurate than current photo-based models, which cannot effectively detect subtle defects or mechanical issues. In contrast, Self Inspection’s proprietary AI models are trained on one of the largest datasets of damaged vehicles to quickly detect and assess damage severity. This data is used to provide detailed cost estimates for repairs, resulting in one of the most thorough vehicle inspection reports available in the industry.

    “We are excited to support the Self Inspection team in their mission to transform the vehicle inspection industry through AI. The traditional vehicle inspection process is ripe for innovation, and Self Inspection’s solution addresses a critical need by providing accurate, efficient and scalable inspections,” said Karim Bousta, partner at DVx Ventures and automotive industry expert. “This technology not only streamlines operations for auto lenders, dealerships and rental companies but also sets a new benchmark for quality, reliability and a seamless digital experience in the $30 billion vehicle inspection market.”

    “Innovation that can modernize a massive traditional industry, like automotive, and solve a critical need through AI is poised for long-term growth,” said Greg Sands, managing partner at Costanoa Ventures. “Self Inspection built a reliable AI-powered vehicle inspection platform that ensures data-backed trust every time a vehicle changes hands. This will prove radically useful as the industry evolves.”

    Yaremtso, a Ukrainian immigrant, founded the company in 2021 with former leaders from Apple, NVIDIA and Coinbase who bring significant AI and automotive experience. Self Inspection plans to use the funds to expand its engineering team in both Ukraine and the U.S. to accelerate product development and enhance machine learning algorithms to optimize and expand use cases.

    For more information and to keep up with the latest news from Self Inspection and its traction in the automotive industry, visit https://www.selfinspection.com/.

    About Self Inspection
    Headquartered in San Diego, Self Inspection was founded in 2021 and is an AI-powered solution in the automotive industry dedicated to revolutionizing the $30 billion vehicle inspection industry. The platform leverages cutting-edge AI technology to deliver unparalleled accuracy and efficiency in vehicle inspections to cut costs and save time through automated, self-guided inspections. Founded by industry veterans with extensive experience in AI, software development and the automotive industry, the company is backed by Costanoa Ventures, DVx Ventures and Westlake Financial. For more information, visit https://www.selfinspection.com/.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9fd9346e-be1c-46e1-9c70-bb2c00af106b

    The MIL Network –

  • MIL-OSI: UPDATE: Haivision Wins ISE Best in Show Award for Haivision Command 360 Video Wall Solution for Operation Centers

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 07, 2025 (GLOBE NEWSWIRE) — Haivision Systems Inc. (TSX: HAI), a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, today announces that the Haivision Command 360 video wall solution has won the AV Technology ‘Best in Show’ Award at ISE in Barcelona. This prestigious recognition highlights the groundbreaking impact of Command 360 in operation and command centers.

    Haivision Command 360: Powering Mission-Critical Decision-Making

    Haivision Command 360 is a complete video wall solution for situational awareness and real-time decision-making in mission-critical environments. By aggregating live video feeds, real-time analytics, and diverse data streams onto a secure, scalable video wall, Command 360 empowers defense, government, and public safety organizations to collaborate seamlessly and respond rapidly to critical situations. Its intuitive interface simplifies operations, enabling teams to access, manage, and control essential information with just a few clicks.

    “We are extremely honored to have won the ISE Best in Show Award for Haivision Command 360,” said Marcus Schioler, Vice President of Marketing at Haivision. “Haivision is a world leader in providing solutions that improve situational awareness and help organizations make better decisions in mission-critical situations. Winning this award at ISE is a recognition of our commitment to excellence and innovation.”

    Haivision Command 360 is part of Haivision’s mission-critical video ecosystem, helping aerospace, enterprise, government, military, and public safety organizations make informed decisions faster. Command 360 provides the following features and benefits to customers:

    • Display Any Content: Command 360 supports a wide range of content types, including live video feeds, TV channels, data dashboards, maps, web content, software applications, and more, ensuring access to critical information in real-time.
    • Centralized Management: The system features easy management of user permissions based on roles and responsibilities across multiple operation centers.
    • Defense-Grade Security: Command 360 adheres to strict government and industry standards to ensure security, reliability, and interoperability.
    • Use Safely from Anywhere: Secure remote access is critical when situations requiring attention develop at unpredictable times. Command 360 provides robust encryption and secure access controls to protect sensitive information and ensure data integrity, even for users accessing remotely.
    • User-Driven UI for Any Workflow: Command 360’s easy-to-use interface enables users of any technical proficiency to change input sources, customize layouts, and schedule system actions.
    • Total Device Control: The ultra-capable and intuitive Command 360 software integrates seamlessly with a wide range of applications, offering agnostic compatibility with multiple devices.
    • Remote Workstation Access with KVM: Integrated Keyboard, Video, and Mouse (KVM) control for direct interaction with displayed content from remote workstations, enhances operational flexibility and efficiency.

    For more information about Haivision Command 360, visit https://www.haivision.com/products/command-360-video-wall-software/.

    About Haivision

    Haivision is a leading global provider of mission-critical, real-time video networking and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. To learn more, visit Haivision at haivision.com.

    Jennifer Gazin
    514.334.5445 ext 8309
    jgazin@haivision.com

    The MIL Network –

  • MIL-OSI: Haivision Wins ISE Best in Show Award for Haivision Command 360 Video Wall Solution for Operation Centers

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 07, 2025 (GLOBE NEWSWIRE) — Haivision Systems Inc. (TSX: HAI), a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, today announces that the Haivision Command 360 video wall solution has won the AV Technology ‘Best in Show’ Award at ISE in Barcelona. This prestigious recognition highlights the groundbreaking impact of Command 360 in operation and command centers.

    Haivision Command 360: Powering Mission-Critical Decision-Making

    Haivision Command 360 is a complete video wall solution for situational awareness and real-time decision-making in mission-critical environments. By aggregating live video feeds, real-time analytics, and diverse data streams onto a secure, scalable video wall, Command 360 empowers defense, government, and public safety organizations to collaborate seamlessly and respond rapidly to critical situations. Its intuitive interface simplifies operations, enabling teams to access, manage, and control essential information with just a few clicks.

    “We are extremely honored to have won the ISE Best in Show Award for Haivision Command 360,” said Marcus Schioler, Vice President of Marketing at Haivision. “Haivision is a world leader in providing solutions that improve situational awareness and help organizations make better decisions in mission-critical situations. Winning this award at ISE is a recognition of our commitment to excellence and innovation.”

    Haivision Command 360 is part of Haivision’s mission-critical video ecosystem, helping aerospace, enterprise, government, military, and public safety organizations make informed decisions faster. Command 360 provides the following features and benefits to customers:

    • Display Any Content: Command 360 supports a wide range of content types, including live video feeds, TV channels, data dashboards, maps, web content, software applications, and more, ensuring access to critical information in real-time.
    • Centralized Management: The system features easy management of user permissions based on roles and responsibilities across multiple operation centers.
    • Defense-Grade Security: Command 360 adheres to strict government and industry standards to ensure security, reliability, and interoperability.
    • Use Safely from Anywhere: Secure remote access is critical when situations requiring attention develop at unpredictable times. Command 360 provides robust encryption and secure access controls to protect sensitive information and ensure data integrity, even for users accessing remotely.
    • User-Driven UI for Any Workflow: Command 360’s easy-to-use interface enables users of any technical proficiency to change input sources, customize layouts, and schedule system actions.
    • Total Device Control: The ultra-capable and intuitive Command 360 software integrates seamlessly with a wide range of applications, offering agnostic compatibility with multiple devices.
    • Remote Workstation Access with KVM: Integrated Keyboard, Video, and Mouse (KVM) control for direct interaction with displayed content from remote workstations, enhances operational flexibility and efficiency.

    For more information about Haivision Command 360, visit https://www.haivision.com/products/command-360-video-wall-software/.

    About Haivision

    Haivision is a leading global provider of mission-critical, real-time video networking and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. To learn more, visit Haivision at haivision.com.

    SEO Title: Haivision Command 360 Wins ISE Best in Show Award for Advancing Mission-Critical Operations

    Slug: haivision-command-360-ise-best-in-show-award

    Meta description: Haivision Command 360 has won the ISE Best in Show Award, recognizing its impact on situational awareness and real-time decision-making in mission-critical environments. Learn more about this award-winning video wall solution.

    Social

    #Haivision #Command360, a complete #videowall solution for situational awareness and real-time decision-making in mission-critical environments, wins Best in Show award at #ISE2025. Read more in the press release:

    Jennifer Gazin
    514.334.5445 ext 8309
    jgazin@haivision.com

    The MIL Network –

  • MIL-OSI: Three Pender Funds Recognized for Consistency and Outperformance During 2024

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 07, 2025 (GLOBE NEWSWIRE) — PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that three of its funds were awarded a FundGrade A+ Award at the Celebration of Excellence ceremony in Toronto on February 6, 2025.

    The Pender Bond Universe Fund, Pender Corporate Bond Fund and Pender Strategic Growth & Income Fund were all winners. This is the sixth consecutive year that the Pender Corporate Bond Fund has been honoured with this award, and this trio of funds were all recipients for the year 2022.

    The FundGrade A+ methodology1 is fully quantitative, with funds assessed monthly using a range of metrics against peers. The goal is to identify and grade funds demonstrating consistent outperformance on a risk-adjusted basis.

    “Applying our fundamental investment process consistently, through the good times and the bad, is the bedrock of our firm and our fund success,” said David Barr, CEO. “To have three funds recognized for outperformance over industry peers this year not only demonstrates that consistency of approach but also showcases something we are equally proud of the breadth of our fund line-up.”

    “These awards highlight the great work done by our team in not only finding attractive opportunities in the credit markets, but also in carefully following developments at the holding level,” stated Lead Portfolio Manager, Fixed Income, Geoff Castle. “It is only through strong understanding of each issuer’s situation that we are able to put the most weight in areas with the highest return potential.”

    “Receiving this Award is a testament to our team’s unwavering dedication to excellence and our differentiated approach to ‘balanced’ and strategic asset allocation across Pender’s award-winning line up,” commented Felix Narhi, Portfolio Manager of the Pender Strategic Growth & Income Fund.

    About the Pender Bond Universe Fund
    The Pender Bond Universe Fund is an income fund with an investment grade focus. The Fund aims to preserve capital and generate returns through current income and capital appreciation. It invests primarily in investment grade fixed income securities but can make equity investments when the risk/reward trade-off is believed to be in the investors’ favor.

    About the Pender Corporate Bond Fund
    The Pender Corporate Bond Fund is an income fund that is both conservatively managed to preserve capital, as well as opportunistic to generate returns. The Fund is focused on key credit characteristics – coverage, seniority and duration. It is driven by bottom-up fundamental analysis, the Fund seeks to use its nimble size to invest in opportunities large or index based funds cannot. This advantage could provide investors with an attractive cash yield, while maintaining positions in attractively valued securities that provide a margin-of-safety for investors.

    About the Pender Strategic Growth & Income Fund
    The Pender Strategic Growth and Income Fund is a diversified balanced fund. It aims to generate long-term growth and income by making allocations across Pender’s investment lineup, specifically in Pender’s fixed income and equity funds which aim for best-in-class results with an possible allocation of up to 10% of its net assets in Pender’s liquid alternative funds to further diversify the portfolio. We believe this approach is an important differentiator to traditional balanced funds.

    About PenderFund Capital Management Ltd.
    Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage a suite of differentiated investment funds, exploiting inefficient parts of the investing universe to achieve our goal. Please visit www.penderfund.com.

    Standard Performance Data for the funds may be found here:
    Fixed Income Funds: www.penderfund.com/fixed-income
    Balanced Funds: www.penderfund.com/balanced

    Please read important disclosures at www.penderfund.com/disclaimer

    About Fundata Canada Inc.’s FundGrade A+® Rating
    The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The FundGrade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.

    For further information, please contact:
    Melanie Moore
    Vice President of Marketing, PenderFund Capital Management Ltd.
    mmoore@penderfund.com
    (604) 688-1511
    Toll Free: (866) 377-4743

    ________________________________

    1 Methodology: www.fundgradeawards.com/images/FundataFundgradeMethodology.pdf

    The MIL Network –

  • MIL-OSI: BitconeMine Launches AI-Powered Cloud Mining Platform to Maximize Investor Returns

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 07, 2025 (GLOBE NEWSWIRE) — BitconeMine, a leading cloud mining provider, announces the official launch of its AI-powered cloud mining platform, designed to help investors achieve stronger wealth potential with minimal effort. This innovation marks a significant breakthrough in crypto mining, making Bitcoin mining more accessible, cost-effective, and profitable for users worldwide.

    AI-Driven Mining for Higher Efficiency

    Traditional Bitcoin mining requires substantial investment in high-end hardware, energy costs, and technical expertise. BitconeMine’s newly launched AI-powered cloud mining platform eliminates these barriers, allowing users to participate in cryptocurrency mining without the need for expensive equipment or specialized knowledge.

    Through advanced AI-driven optimization, BitconeMine enhances mining efficiency by reducing energy consumption, dynamically managing hardware performance, and minimizing downtime. This cutting-edge technology ensures higher returns while maintaining an environmentally friendly approach.

    Key Benefits of BitconeMine’s Cloud Mining Service

    1. Instant Mining Access with Flexible Contracts – Users can choose from various mining contract packages, providing fixed daily income based on their investment preferences.
    2. Zero Equipment & Maintenance Costs – No need to purchase or maintain mining rigs; BitconeMine handles all operational expenses.
    3. Global Accessibility with Mobile Monitoring – Investors can mine Bitcoin from anywhere in the world using just a smartphone. The BitconeMine app provides real-time income tracking.
    4. Enhanced Security & Insurance Protection – All user data is safeguarded by SSL encryption, and mining investments are protected through L&G insurance policies.
    5. Multiple Cryptocurrency Support – Users can settle earnings in USDT-TRC20, BTC, ETH, LTC, USDC, USDT-ERC20, BCH, DOGE, SOL, and XRP.
    6. Exclusive Welcome Bonus – New users receive a $10 registration bonus and can earn a daily passive income of $0.6 through the mining experience program.
    7. 24/7 Customer Support – BitconeMine offers round-the-clock assistance to resolve any user inquiries or technical issues.

    Shaping the Future of Cloud Mining

    BitconeMine’s AI-powered platform aims to revolutionize the crypto mining industry by diversifying revenue sources and reducing dependence on Bitcoin price fluctuations. By leveraging artificial intelligence, miners can optimize their operations, ensuring long-term stability and enhanced profitability.

    For more details on how to start mining effortlessly and earn passive income, visit https://bitconemine.com today.

    Contact:
    Lily Tanoria
    info@bitconemine.com

    Disclaimer: This press release is provided by BitconeMine. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including potential loss of capital. Readers are strongly advised to conduct their own research and consult a qualified financial advisor before making any investment decision.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3b6d823-ff7e-4ffc-9d43-aad1d6e22296

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1dc56c40-d3ca-4017-a01f-e700bb10673a

    The MIL Network –

  • MIL-OSI: Quadient SA: Monthly information on number of shares and voting rights

    Source: GlobeNewswire (MIL-OSI)

    Monthly information on number of shares and voting rights
    of Quadient S.A.

    In accordance with article 223.11 of Autorité des Marchés Financiers’
    (French Securities and Investment board) General Regulations

    Ordinary shares – ISIN: FR0000120560

      As at 31 January 2025
    Total number of shares 34,468,912
    Theoretical total number of voting rights 34,468,912
    Net total number of voting rights 33,729,765

    For more information, please contact:

    Or visit our website: https://invest.quadient.com/

    Attachment

    The MIL Network –

  • MIL-OSI: Lectra: Monthly declaration of the total number of shares and voting rights composing the company’s capital (at January 31st, 2025)

    Source: GlobeNewswire (MIL-OSI)

    Monthly declaration of the total number of shares and voting rights composing the company’s capital (at January 31st, 2025)

    This declaration is established in accordance with Article L.233-8 II of the French Code de Commerce and of Article 223-11 of the Règlement Général of the Autorité des marchés financiers (AMF).

    Date:

    January 31st, 2025

    Total number of shares composing the capital:

    37,977,634

    Total number of voting rights, gross (1):

    38,169,784

    Total number of voting rights, net (2):

    38,137,480

    (1) In accordance with the second paragraph of article 223-11 of the Règlement Général of the AMF, the gross total of voting rights is based on the total number of shares composing the company’s capital which have voting rights, including shares deprived of their voting rights

    (2) The net total of voting rights is equal to the gross total, minus the number of shares deprived of their voting rights (treasury shares)

    Other than the legal notification requirements for crossing the thresholds established by French law, there is no special statutory obligation.

    Attachment

    The MIL Network –

  • MIL-OSI: Canoe Financial wins three 2024 FundGrade A+ Awards for outstanding performance

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 07, 2025 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe Financial”) is recognized with three 2024 FundGrade A+® Awards for outstanding performance.

    Canoe Financial 2024 FundGrade A+ Award winning funds:

    FundGrade calculation date 12/31/2024.

    The FundGrade A+® rating recognizes the best performing funds that deliver the most consistent risk-adjusted returns. It is a yearly award that honours the “best of the best” among Canadian investment funds that have maintained a high FundGrade rating throughout a calendar year.

    “These awards are a testament to the strength of our investment philosophy and the dedication of our team. At Canoe Financial, we’re committed to helping Canadians build lasting wealth through disciplined, active management and a focus on delivering consistent, long-term performance,” said Darcy Hulston, President and Chief Executive Officer, Canoe Financial.

    About Canoe Financial
    Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing $20 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

    About FundGrade A+ Awards
    FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

    Canoe Equity Portfolio Class Series, Canadian Focused Equity category out of a total of 70 funds: 20.20% (1 year), 9.46% (3 years), 14.48% (5 years), 10.16% (10 years) and 8.02% (since inception-February 2011); Canoe Asset Allocation Portfolio Class, Tactical Balanced category out of a total of 56 funds: 14.65% (1 year), 6.35% (3 years), 10.46% (5 years), 7.36% (10 years) and 5.85% (since inception-February 2011); Canoe North American Monthly Income Portfolio Class, Global Neutral Balanced category out of a total of 224 funds: 13.40% (1 year), 6.22% (3 years), 8.25% (5 years), 6.47% (10 years) and 7.25% (since inception- December 2012).

    Further information
    Investor Relations
    Canoe Financial LP
    1–877–434–2796
    info@canoefinancial.com

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Track Group Reports 1st Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NAPERVILLE, Ill., Feb. 07, 2025 (GLOBE NEWSWIRE) — Track Group, Inc. (OTCQB: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2024 (“Q1 FY25”). In Q1 FY25, the Company posted (i) total revenue of $8.7 Million (“M”), a decrease of approximately 3.3% over total revenue of $9.0M for the quarter ended December 31, 2023 (“Q1 FY24”); (ii) Q1 FY25 operating income of $0.1M compared to Q1 FY24 operating loss of ($0.2M); and (iii) net loss attributable to common shareholders of ($2.0M) in Q1 FY25 compared to net income attributable to common shareholders of $0.1M in Q1 FY24.

    “The quarter ending December 31, 2024 showed increases in gross profit, operating income and Adjusted EBITDA. This progress reflects the increased use of our products and services in legacy programs and continued expansion through newly awarded contracts domestically and abroad. With a strong pipeline and a commitment to delivering value, we are poised for continued success in fiscal year 2025,” said Derek Cassell, Track Group’s CEO. 

    FINANCIAL HIGHLIGHTS

    • Total Q1 FY25 revenue of $8.7M decreased approximately 3.3% compared to Q1 FY24 revenue of $9.0M. The decrease in revenue was driven principally by a decrease in people assigned to monitoring for clients in Michigan and Virginia, and our recently sold Chilean subsidiary. This decrease was partially offset by revenue increases for clients in Illinois, Puerto Rico and the Bahamas who experienced increases in the number of people assigned to monitoring.
    • Gross profit of $4.4M in Q1 FY25 increased approximately 5.2% compared to Q1 FY24 gross profit of $4.2M due to a decrease in monitoring center costs, partially offset by a decrease in revenue.
    • Operating income in Q1 FY25 of $0.1M increased compared to the operating loss of ($0.2M) in Q1 FY24. The increase in net income in Q1 FY25 is primarily due to a decrease in cost of revenue and a decrease in operating expense.
    • Adjusted EBITDA for Q1 FY25 of $1.2M, increased compared to $1.1M for Q1 FY24 due to an increase in operating income and gross profit. Adjusted EBITDA in Q1 FY25 as a percentage of revenue increased to 14.4%, compared to 11.8% for Q1 FY24 for the same reasons.
    • Unrestricted cash balance of $3.7M for Q1 FY25 increased compared to $3.6M for Q1 FY24. The change in cash position was principally due to the sale of our Chilean subsidiary.
    • Net loss attributable to shareholders in FY24 was ($2,010,849) compared to net income of $461 in FY23, a change principally attributable to lower revenue and a foreign currency exchange rate loss.

    Business Outlook

    Growth in gross profit and operating income in Q1 FY25 reinforces our confidence in the strategic reinvestment in technology and the implementation of new programs initiated in late FY23. These endeavors position us well for sustained growth throughout FY25. As a result, the Company’s preliminary outlook for FY25 is as follows: 

      Actual     Outlook
      FY 2023     FY 2024     FY 2025
    Revenue: $34.5 M   $36.9 M   $35M  –  $36M
                   
    Adjusted EBITDA Margin: 11.1 %   14.6 %   14%  –  15%


    About Track Group, Inc.
    Track Group designs, manufactures, and markets location tracking devices; as well as develops and sells a variety of related software, services, and accessories, networking solutions, and monitoring applications. The Company’s products and services are designed to empower professionals in security, law enforcement, corrections, and rehabilitation organizations worldwide with single-sourced offender management solutions that integrate reliable intervention technologies to support re-socialization and monitoring initiatives.

    The Company currently trades under the ticker symbol “TRCK” on the OTCQB exchange. For more information, visit www.trackgrp.com.

    Forward-Looking Statements
    Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to Track Group, Inc., and subsidiaries (“Track Group”) are intended to identify such forward-looking statements. These statements are only predictions and reflect Track Group’s current beliefs and expectations with respect to future events and are based on assumptions and subject to risks and uncertainties and subject to change at any time. Track Group may from time-to-time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Track Group’s annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. New risks emerge from time to time. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

    Non-GAAP Financial Measures
    This release includes financial measures defined as “non-GAAP financial measures” by the Securities and Exchange Commission including non-GAAP EBITDA. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles. Reconciliations of these non-GAAP financial measures are based on the financial figures for the respective period.

    Non-GAAP Adjusted EBITDA excludes items included but not limited to interest, taxes, depreciation, amortization, impairment charges, gains and losses, currency effects, one-time charges or benefits that are not indicative of operations, charges to consolidate, integrate or consider recently acquired businesses, costs of closing facilities, stock based or other non-cash compensation or other stated cash and non-cash charges (the “Adjustments”).

    The Company believes the non-GAAP measures provide useful information to both management and investors when factoring in the Adjustments. Specific disclosure regarding the Company’s financial results, including management’s analysis of results from operations and financial condition, are contained in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2023, and other reports filed with the Securities and Exchange Commission. Investors are encouraged to carefully read and consider such disclosure and analysis contained in the Company’s Form 10-K and other reports, including the risk factors contained in such Form 10-K.

    TRACK GROUP, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
     
      (Unaudited)          
      December 31,     September 30,  
      2024     2024  
    Assets              
    Current assets:              
    Cash $ 3,740,043     $ 3,574,215  
    Accounts receivable, net of allowance for credit losses of $525,141 and $432,904 respectively   5,319,041       4,428,535  
    Prepaid expense and deposits   420,680       638,293  
    Inventory, net of reserves of $99,041 and $82,848, respectively   811,992       582,481  
    Assets held for sale   –       969,481  
    Total current assets   10,291,756       10,193,005  
    Property and equipment, net of accumulated depreciation of $293,419 and $430,003, respectively   351,353       317,206  
    Monitoring equipment, net of accumulated depreciation of $5,145,204 and $5,982,972, respectively   4,550,033       4,598,864  
    Intangible assets, net of accumulated amortization of $19,954,086 and $19,699,966, respectively   13,415,776       13,959,571  
    Goodwill   7,913,369       7,941,190  
    Other assets, net   1,238,608       660,170  
    Total assets $ 37,760,895     $ 37,670,006  
                   
    Liabilities and Stockholders’ Equity (Deficit)              
    Current liabilities:              
    Accounts payable $ 3,336,084     $ 3,082,467  
    Accrued liabilities   2,542,932       2,639,318  
    Liabilities held for sale   –       732,028  
    Total current liabilities   5,879,016       6,453,813  
    Long-term debt, net of current portion   42,659,634       42,639,197  
    Long-term liabilities   679,823       186,407  
    Total liabilities   49,218,473       49,279,417  
                   
    Stockholders’ equity (deficit):              
    Common stock, $0.0001 par value: 30,000,000 shares authorized; 11,863,758 and 11,863,758 shares outstanding, respectively   1,186       1,186  
    Preferred stock, $0.0001 par value: 20,000,000 shares authorized; 0 shares outstanding   –       –  
    Series A Convertible Preferred stock, $0.0001 par value: 1,200,000 shares authorized; 0 shares outstanding   –       –  
    Paid in capital   302,600,546       302,600,546  
    Accumulated deficit   (315,274,178 )     (312,691,811 )
    Accumulated other comprehensive loss   1,214,868       (1,519,332 )
    Total equity (deficit)   (11,457,578 )     (11,609,411 )
    Total liabilities and stockholders’ equity (deficit) $ 37,760,895     $ 37,670,006  
    TRACK GROUP, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)
    (Unaudited)
     
      Three Months Ended
    December 31,    		  
      2024     2023  
    Revenue:              
    Monitoring and other related services $ 8,441,307     $ 8,674,485  
    Product sales and other   227,021       292,487  
    Total revenue   8,668,328       8,966,972  
                   
    Cost of revenue:              
    Monitoring, products and other related services   3,508,762       3,973,989  
    Depreciation and amortization included in cost of revenue   735,224       789,463  
    Total cost of revenue   4,243,986       4,763,452  
                   
    Gross profit   4,424,342       4,203,520  
                   
    Operating expense:              
    General & administrative   2,431,118       2,757,887  
    Selling & marketing   901,189       706,531  
    Research & development   669,391       682,463  
    Depreciation & amortization   227,553       239,760  
    Loss on sale of subsidiary   66,483       –  
    Total operating expense   4,295,734       4,386,641  
                   
    Operating income (loss)   128,608       (183,121 )
                   
    Other income (expense):              
    Interest income   2,839       48,162  
    Interest expense   (571,798 )     (486,084 )
    Currency exchange rate gain (loss)   (1,499,262 )     538,945  
    Total other income (expense)   (2,068,221 )     101,023  
    Net income (loss) before income taxes   (1,939,613 )     (82,098 )
    Income tax expense (benefit)   71,236       (82,559 )
    Net income (loss) attributable to common stockholders   (2,010,849 )     461  
    Release of cumulative translation adjustment for sale of subsidiary   1,390,913       –  
    Equity adjustment for sale of subsidiary   571,518       –  
    Foreign currency translation adjustments   771,769       (106,702 )
    Comprehensive income (loss) $ 723,351     $ (106,241 )
    Net income (loss) per share – basic:              
    Net income (loss) per common share $ (0.17 )   $ 0.00  
    Weighted average common shares outstanding   11,863,758       11,863,758  
                   
    Net income (loss) per share – diluted:              
    Net income (loss) per common share $ (0.17 )   $ 0.00  
    Weighted average common shares outstanding   11,863,758       11,863,758  
    TRACK GROUP, INC. AND SUBSIDIARIES
    NON-GAAP ADJUSTED EBITDA DECEMBER 31 (UNAUDITED)
    (amounts in thousands, except share and per share data)
     
      Three Months Ended
    December 31,    		  
      2024     2023  
                   
    Non-GAAP Adjusted EBITDA              
    Net income (loss) attributable to common shareholders $ (2,011 )   $ –  
    Interest expense, net   569       438  
    Depreciation and amortization   963       1,029  
    Income taxes (1)   71       (83 )
    Board compensation and stock-based compensation   75       53  
    Foreign exchange expense (gain)   1,499       (539 )
    Loss on sale of subsidiary   66       –  
    Other charges (2)   18       164  
    Total Non-GAAP Adjusted EBITDA $ 1,250     $ 1,062  
    Non-GAAP Adjusted EBITDA, percent of revenue   14.4 %     11.8 %
                   
    Non-GAAP earnings per share – basic:              
    Weighted average common shares outstanding   11,863,758       11,863,758  
    Non-GAAP earnings per share $ 0.11     $ 0.09  
                   
    Non-GAAP earnings per share – diluted:              
    Weighted average common shares outstanding   11,863,758       11,863,758  
    Non-GAAP earnings per share $ 0.11     $ 0.09  
      (1 ) Currently, the Company has significant U.S. tax loss carryforwards that may be used to offset future taxable income, subject to IRS limitations. However, the Company is still subject to certain state, commonwealth, and other foreign based taxes.
           
      (2 ) Other charges are expenses related to the board of directors, severance, and other Chile monitoring center costs for our recently sold subsidiary.

    James Berg
    Chief Financial Officer
    jim.berg@trackgrp.com

    The MIL Network –

  • MIL-OSI: SHIB ON SOLANA ($SHIB) – The Next Evolution Of Shiba Has Arrived

    Source: GlobeNewswire (MIL-OSI)

    LEEDI, Estonia, Feb. 07, 2025 (GLOBE NEWSWIRE) — The legend of SHIBA INU continues to evolve, and this time, it’s faster, stronger, and more decentralized than ever before. Introducing $SHIB on Solana, a groundbreaking project that honors the legacy of the original SHIBA INU while leveraging the unparalleled speed, efficiency, and scalability of the Solana blockchain.

    The SHIBA community has long been a symbol of loyalty, innovation, and meme magic. Now, $SHIB on Solana takes this legacy to new heights, combining the spirit of the OG SHIBA with the cutting-edge technology of Solana. This is not just another token—it’s a movement, a tribute, and a revolution in the world of memecoins.

    WHY $SHIB ON SOLANA IS THE NEXT BIG MEME TOKEN?**  

    A Tribute to the OG SHIBA  
    $SHIB on Solana is a heartfelt homage to the original SHIBA INU, celebrating its journey and the values that made it a global phenomenon. By migrating to Solana, the project embraces faster transactions, lower fees, and a more accessible ecosystem, ensuring that the SHIBA spirit reaches even more people worldwide.

    Supply Burn & Scarcity
    In a bold move to ensure scarcity and long-term value, 50% of the total $SHIB supply has already been burned. This strategic burn mirrors the original SHIBA INU’s approach, creating a deflationary model that benefits holders. Additionally, liquidity pool (LP) fees are used to burn both OG SHIB and $SHIB on Solana, further reducing supply and increasing value over time.

    Strategic Airdrops & Liquidity Growth:
    To reward early adopters and true believers, $SHIB on Solana has launched a series of strategic airdrops. These airdrops are designed to incentivize long-term holding rather than short-term speculation. Combined with LP injections, the project ensures market stability and sustainable growth, making it a reliable choice for investors.

    Solana-Powered Growth  
    Built on Solana, $SHIB benefits from the blockchain’s blazing-fast transaction speeds and minimal fees. This makes it easier for users to trade, stake, and participate in the ecosystem without the high costs associated with other networks. Solana’s robust infrastructure and dedicated community provide the perfect foundation for $SHIB to thrive as the next unstoppable force in memecoins.

    THE SHIBA LEGACY CONTINUES – DON’T MISS HISTORY IN THE MAKING!  

    $SHIB on Solana is more than just a token—it’s a bridge between the past and the future. By combining the SHIBA spirit with Solana’s technological prowess, this project is poised to redefine what a memecoin can achieve.

    The question is: Will you be part of it?  

    TOKENOMICS AT A GLANCE  

    • Total Supply: 1,000,000,000
    • Burned Supply: 500,000,000 (50%)
    • Tax: 0%
    • Liquidity Pool (LP): Burned

    JOIN THE PACK. BE PART OF THE TRIBUTE.

    $SHIB on Solana is here to honor the past, embrace the present, and build the future. Whether you’re a longtime SHIBA enthusiast or a newcomer to the world of memecoins, this is your chance to be part of something truly special.

    Welcome to Shib on Solana.  

    For more information, visit https://shibonsol.io/ or follow us on social media.

    About Shib on Solana  
    Shib on Solana is a decentralized token built on the Solana blockchain, created as a tribute to the legendary SHIBA INU. By combining the SHIBA spirit with Solana’s speed and efficiency, the project aims to make memecoins more accessible, sustainable, and impactful than ever before.

    Media Contact:
    Shib on Solana Team
    Email: info@shibonsolana.com
    Website: https://shibonsol.io/
    Telegram: https://t.me/SHIBONSOL
    Twitter: https://x.com/SHIBTOKEN_SOL

    Disclaimer: This press release is provided by Shib on Solana. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d7ce30e-ad90-4086-a1b3-8bc15d745266

    The MIL Network –

  • MIL-OSI: BexBack Offers Exclusive $50 Bonus, 100x Leverage, and Double Deposit Promotion with No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 07, 2025 (GLOBE NEWSWIRE) — With the price of bitcoin once again trading below $100,000, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    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. It holds a US MSB (Money Services Business) license and is trusted by more than 200,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

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    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

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    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/c747e269-01e1-41ef-a71e-41c83acbdbe2

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65699f5d-4f24-4ae5-9b4f-d31f02f5734f

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3afc9e0-e5fc-4c6b-a60d-f53513d1be82

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83db1001-5f99-4919-a694-e04b7cf56edd

    The MIL Network –

  • MIL-OSI: In $10B Crypto Washout, BTC Maintained Neutral Funding: Bybit and Block Scholes Report

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 07, 2025 (GLOBE NEWSWIRE) —

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives report in collaboration with Block Scholes, providing a retrospective of the past week’s panic sell-off and analysis of options price movements.

    The broad retreat mirrored equities markets, leaving an estimated $10 billion-sized hole in open interest after a high-flying Friday in the 24/7 crypto markets. BTC stood out in the bloodbath as the only mainstream token maintaining positive funding rates. Meanwhile, ETH endured heightened turbulence, with sustained options market inversion suggesting continued downward pressure ahead.

    Key Insights:

    Risk-off Monday: Trump’s tariff threats sparked a broad market sell-off on Monday, Feb. 3, hammering crypto alongside U.S. equities. The carnage wiped out $3.1B in perpetual swap open interest across BTC, ETH, XRP, and SOL. Ben Zhou, co-founder and CEO of Bybit, revealed $8-10B in total liquidations as leveraged positions crumbled, an estimate based on Bybit’s platform data. The turmoil drove trading volumes to a monthly high of $31B in perpetual swaps on Feb. 2 as traders rushed for the exits.

    Altcoins Took a Hit: Bears dominated crypto markets in the aftermath of another Monday in the red. Perpetual swap funding rates spiraled downwards, likely caused by spooked traders liquidating long positons in droves. BTC faithfuls, however, managed to keep BTC funding rates afloat at neutral level.

    ETH Readies for a Bumpy Ride: ETH has demonstrated less resilience than BTC in the latest turmoil. Its spot prices suffered and dipped below $2.5k, but open interest levels held reasonably steady thanks to less-than-expected volatility in ETH options market. Still, ETH realized volatility already surged to almost 140% in the price correction, with further risks evident in options term structure, suggesting the downside hasn’t been fully priced in.   

    Access the full report, including detailed analysis of volatility trends, funding rates, and options market dynamics.

    #Bybit / #TheCryptoArk /#BybitResearch

    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/1d4e42f1-78a9-4340-bbc7-3892f7d5e398

    The MIL Network –

  • MIL-OSI: Results of refinancing – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To        Nasdaq Copenhagen
            and the Press

    Results of refinancing

    The Nykredit Group has completed the auctions in connection with the refinancing of ARMs based on the “refinancing price” principle. The interest rates will be reset on 1 April 2025.

    The interest rate reset results in the following cash rates:

      ARMs funded by 1Y SDO
    (April 2026)
    DKK    		 ARMs funded by 3Y RO
    (April 2028)
    DKK    		 ARMs funded by 5Y RO
    (April 2030)
    DKK
    Cash rate 2.42% 2.38% 2.52%

    For detailed information on the auction results, please refer to nykredit.dk and totalkredit.dk. For information on the bond sales, please refer to nykredit.com/ir.

    Enquiries may be addressed to Morten Søby Willendrup, Group Treasury, 
    tel +45 44 55 19 62 or Corporate Communications, tel +45 44 55 14 50.

    Attachment

    The MIL Network –

  • MIL-OSI: Results of refinancing – Totalkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To        Nasdaq Copenhagen
            and the Press

    Results of refinancing

    The Nykredit Group has completed the auctions in connection with the refinancing of ARMs based on the “refinancing price” principle. The interest rates will be reset on 1 April 2025.

    The interest rate reset results in the following cash rates:

      ARMs funded by 1Y SDO
    (April 2026)
    DKK    		 ARMs funded by 3Y RO
    (April 2028)
    DKK    		 ARMs funded by 5Y RO
    (April 2030)
    DKK
    Cash rate 2.42% 2.38% 2.52%

    For detailed information on the auction results, please refer to nykredit.dk and totalkredit.dk. For information on the bond sales, please refer to nykredit.com/ir.

    Enquiries may be addressed to Morten Søby Willendrup, Group Treasury, 
    tel +45 44 55 19 62 or Corporate Communications, tel +45 44 55 14 50.

    Attachment

    The MIL Network –

  • MIL-OSI: Freedom Holding Corp. Reports Strong Revenue Growth in Q3 2025 Fiscal Year, Driven by Brokerage and Banking Segments

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) — Freedom Holding Corp. (NASDAQ: FRHC), a U.S.-based financial services company, has announced its financial results for the quarter ended December 31, 2024. The holding company reported a 57% increase in total revenue, with revenues reaching $655.2 million compared to $418.6 million in the same quarter of 2023. Total assets increased to $9.1 billion from $8.3 billion as of March 31, 2024.

    The company’s revenue has surged due to the increase of net gain on trading securities, which has risen from a $5.1 million loss to a $89.6 million gain. Additionally, company’s performance was significantly bolstered by its insurance underwriting income, which surged by 125% to $177.5 million, reflecting the expansion of pension annuities and accident insurance operations. The banking segment also demonstrated robust growth, with a 47% increase in revenue compared to the same period last year.

    “In the era of globalization, we are building the Freedom ecosystem as a unified platform where diverse business segments — ranging from banking and insurance to lifestyle services — seamlessly interact to serve over 7 million clients. Recently, the holding’s revenue has become significantly more diversified; while brokerage was once the primary income driver, revenue is now evenly distributed across the insurance and banking segments, creating a more stable and balanced ecosystem,” Timur Turlov, the founder of Freedom Holding, said.

    Segment Performance

    Brokerage: Revenue increased by 29% to $213.3 million, driven by an increase in net gains on trading securities and fee and commission income.

    Banking: Revenue rose by 47% to $206.4 million, supported by net gains on trading securities and derivatives.

    Insurance: Revenue doubled to $197.8 million, reflecting strategic growth in insurance underwriting income.

    Other Segments: Revenue grew by 120% to $37.7 million, largely due to net gains on foreign exchange operations.

    Despite strong revenue growth, the company’s net income declined by 19% to $78.1 million, compared to $96.1 million in the previous year’s quarter. This was due to increased fees and commission expenses, general and administrative expenses, payroll and bonuses, advertising costs and stock-based compensation expenses. Total expenses for the quarter amounted to $556.9 million, up from $307.0 million in Q3 2024 fiscal year.

    During the same period, fee and commission income increased from $120.2 million to $143.4 million.

    Freedom Holding Corp. remains committed to expanding its product portfolio, improving operational efficiencies, capitalizing on emerging market opportunities, and considering selective acquisitions. In October 2024, the company acquired EliteCom, a telecommunications services company, for $3 million. The acquired licenses and assets will be used to develop Freedom Holding’s own telecommunications business.

    About Freedom Holding Corp.

    Freedom Holding Corp. is an international financial and investment services group specializing in capital markets, asset management, and brokerage services.

    Freedom Holding Corp.’s common shares are registered with the United States Securities and Exchange Commission and trade on the Nasdaq Capital Market under the symbol FRHC. The Company has its principal market of operation in Kazakhstan and operates through its subsidiaries in 22 countries. With a strong presence in Central Asia, Europe, and the U.S., the company is committed to delivering innovative financial products to individual and institutional investors.

    For more information, visit www.freedomholdingcorp.com

    Natalia Kharlashina

    PR Department

    Freedom Holding Corp.

    prglobal@ffin.kz

    The MIL Network –

  • MIL-OSI: Portland Investment Counsel Inc. Recognized at the FundGrade A+® Awards

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 07, 2025 (GLOBE NEWSWIRE) — Portland Investment Counsel Inc. (Portland) is pleased to announce that the Portland Life Sciences Alternative Fund, managed by Michael Lee-Chin, Executive Chairman and Portfolio Manager and Dragos Berbecel, Portfolio Manager of Portland, was awarded a 2024 FundGrade A+® Award in the Alternative Equity Focused category for the 12-month period ending December 31, 2024, out of a total of 58 funds.

    “We are deeply honored that Portland Life Sciences Alternative Fund has been recognized with a FundGrade A+® Award, a noteworthy achievement in Canada’s wealth management industry. This award reinforces our unwavering commitment to creating wealth for our investors and demonstrates our thesis that improved patient outcomes can lead to stronger investor outcomes. We extend our congratulations to all fellow recipients. Most importantly, we thank advisors and investors for their continued trust and confidence in our investment framework ” said Michael Lee-Chin.

    The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize Canadian investment funds that have consistently received a FundGrade rating every month in the previous year.

    To learn more about this award-winning fund, visit: Portland Life Sciences Alternative Fund.

    About Portland Investment Counsel Inc.
    Portland is an Investment Fund Manager, Portfolio Manager and Exempt Market Dealer. We have a reputation for being Owners and Operators thus we are insightful Investors. Portland provides portfolio management and exempt market dealer services as well as investment products. Our investor roots date back to 1987. www.portlandic.com

    About Fundata Canada Inc.’s FundGrade A+®rating
    FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

    Portland Investment Counsel Inc.
    Diana N. Oddi, Director, Communications and Marketing
    905.331.4250

    The MIL Network –