NewzIntel.com

Category: GlobeNewswire

  • MIL-OSI: Foresight Financial Group to Become Region’s Largest Locally Headquartered Bank

    Source: GlobeNewswire (MIL-OSI)

    WINNEBAGO, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) — Foresight Financial Group today announced that, in partnership with each of its six bank brands including German American State Bank, State Bank of Herscher, Lena State Bank, State Bank of Davis, Northwest Bank, and State Bank, that it will be consolidating its six bank charters into one, making it the region’s largest locally headquartered and operated bank in Winnebago County, while maintaining its market share dominance in Stephenson County. Each of the six charters will retain their unique market brand names post consolidation.

    This is the next step in the organization’s ongoing work to enhance operational efficiencies across the Foresight family, streamlining processes, eliminating duplication, and standardizing best practices to deliver enhanced value to the customers and communities it serves. In addition, customers will benefit from a significant increase in lending limits for borrowers, increased depth in staffing resources, and an even greater access to cutting edge treasury management, commercial, and agricultural lending services and professionals. This move makes Foresight Financial Group the region’s largest locally headquartered and locally managed bank with assets in excess of $1.6 billion as of September 30, 2024. All six brands and their customers will benefit from the collective capabilities of Foresight while maintaining their local approach to service.

    “By streamlining our processes through charter consolidation, we’ll be able to bring offerings to our markets more quickly and reinvest in the products, technologies, and services that best meet the needs of our customers,” said Peter Morrison, CEO of Foresight Financial Group. “As a locally headquartered and managed bank, decisions will still be made by those bankers that have been in our communities for years and who possess the firsthand knowledge of local market conditions that is so vital to customer success.”

    “We’ve been focused on creating operational efficiencies across the Foresight family and have already realized significant benefits for our banks and customers,” said Jeff Hultman, President of Foresight Financial Group. “The charter consolidation is the next step in that process, which will reduce workloads on the individual banks, allowing them to focus on the personal connections in their local communities that are central to their success.”

    Each of the Foresight Bank brands will maintain their local identities and staff. Our goal is to retain our current talent while making minimal adjustments to positions to fully align all six charters into one; customers will continue to work with the people they know and trust. Each bank will continue to meet the needs of its community and customers with the added benefit of the standards, procedures, policies, and best practices from across the Foresight family.

    The charter consolidation will begin in late 2024 and the operational consolidation of the charters will be complete in 2025.

    About Foresight Financial

    Foresight Financial is a multi-bank holding company located in Northern Illinois, Its subsidiary community banks include Northwest Bank of Rockford, State Bank in Freeport, State Bank of Davis, German-American State Bank, German Valley, Lena State Bank, and the State Bank of Herscher. Foresight’s common stock is listed on the “OTCQX” market under the trading symbol FGFH.

    Forward-Looking Statements

    When used in this communication, the words “believes,” “expects,” “likely”, “would”, and similar expressions are intended to identify forward-looking statements. The Company’s actual results may differ materially from those described in the forward-looking statements. Factors which could cause such a variance to occur include, but are not limited to: heightened competition; adverse state and federal regulation; failure to obtain new or retain existing customers; ability to attract and retain key executives and personnel; changes in interest rates; unanticipated changes in industry trends; unanticipated changes in credit quality and risk factors, including general economic conditions particularly in the Company’s markets; potential deterioration in real estate values, success in gaining regulatory approvals when required; changes in the Federal Reserve Board monetary policies; unexpected outcomes of new and existing litigation in which the Company or its subsidiaries, officers, directors or employees is named defendants; technological changes; changes in accounting principles generally accepted in the United States; changes in assumptions or conditions affecting the application of “critical accounting policies”; inability to recover previously recorded losses as anticipated, and the inability of third party vendors to perform critical services for the Company or its customers. The inclusion of forward-looking information should not be construed as a representation by the Company or any person that future events or plans contemplated by the Company will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information or otherwise.

    FOR INFORMATION CONTACT:                      Peter Q. Morrison
    CEO
    815-847-7500    		       Todd J. James
    CFO
    815-847-7500
             

    The MIL Network –

  • MIL-OSI: The Victory Bancorp, Inc., Announces 2024 Third Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) — The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, announced unaudited results for the quarter ended September 30, 2024.

    Joseph W. Major, Bank Leader and Chief Executive Officer, stated, “Our third quarter results reflect consistent growth and improved earnings. Our commitment to providing top-notch banking services is central to our strategy which we implement by hiring skilled and dedicated bankers who offer trusted advice and exceptional personal service to our clients. Our focus is on maintaining disciplined pricing and credit underwriting practices as we expand the Bank. This diligence not only strengthens our institution but also benefits the communities we serve.”

    As of September 30, 2024, deposits rose to $398.2 million, up from $358.2 million a year earlier—a 10.8% increase. Net loans increased by 12.7%, reaching $395.2 million, compared to $351.9 million on the same date last year. Total assets grew by $49.1 million to $467.9 million, marking an 11.9% increase over the past year. Overall credit quality remained strong, with very low levels of non-performing and non-accrual loans. Because of these excellent credit metrics, third quarter provision for loan losses decreased to $71 thousand, down from $75 thousand in the 3rd quarter of 2023. Notably, non-performing assets fell significantly from $2.2 million at the end of 2023 to $209 thousand as of September 30, 2024.

    Third Quarter 2024 Highlights compared to Third Quarter 2023

    • Net Loans increased 12.7% to $395.2 million from $351.9 million at September 30, 2023
    • $2.9 million increase in stockholders’ equity
    • $0.065 per share cash dividend paid to shareholders
    • Net interest margin at the Bank was 3.58% for the quarter
    • Net income of $586 thousand, totaling approximately $0.29 per common share fully diluted
    • Book value per share as of September 30, 2024 was $14.89
    • Total assets increased by $49.1 million from September 30, 2023 to $467.9 million as of September 30, 2024
    • Credit quality is outstanding

    Capital Insights and Credit Quality:

    • Nonaccrual loans decreased in the third quarter of 2024, from $2.2 million at year end 2023 to $206 thousand in the current quarter.
    • Non-performing assets to total assets rose slightly from 0.01% in the linked quarter to 0.04% in the current quarter.
    • Delinquencies greater than 30 days were 0.05% of total loans as of September 30, 2024, down from 0.68% as of December 31, 2023.
    • The bank’s ACL ratio was 0.91% as of September 30, 2024, down slightly from 0.94% at year-end 2023. The September 30, 2024 ACL covered non-performing loans 17.5 times, an increase from 1.6 times at year-end 2023.
    • The bank remains well capitalized.

    Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (https://www.otcmarkets.com) and is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania, which is located just outside the Philadelphia market in Montgomery County. The Victory Bank was established in 2008 as a specialized business lender that provides high-quality banking services to small and mid-sized businesses and professionals through its three offices located in Montgomery and Berks Counties, Pennsylvania. Additional information about Victory Bancorp is available on its website, VictoryBank.com.

    This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.

    Contact:

    Joseph W. Major,
    Chairman and Chief Executive Officer

    Robert H. Schultz,
    Chief Financial Officer, Chief Operating Officer

    The Victory Bancorp, Inc.
    548 N. Lewis Rd.
    Limerick, PA 19468

    CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)            
    (dollars in thousands, except per share data)            
        September 30,   December 31,   September 30,
    Selected Financial Data   2024   2023   2023
    Investment securities $ 46,110 $ 47,931 $ 47,335
    Loans, net of allowance for loan losses   395,213   364,383   351,926
    Total assets   467,939   442,163   418,843
    Deposits   398,169   364,032   358,207
    Borrowings   24,692   36,200   19,750
    Subordinated debt   12,851   12,830   12,824
    Stockholders’ equity $ 29,437 $ 27,948 $ 26,548
    Book value per common share $ 14.89 $ 14.17 $ 13.47
    Allowance/loans   0.91%   0.94%   0.94%
    Nonperforming assets/total assets   0.04%   0.49%   0.01%
                 
        3 Months Ended
        September 30,   December 31,   September 30,
    Selected Operations Data   2024   2023   2023
    Interest income $ 7,526 $ 6,680 $ 6,298
    Interest expense   4,064   3,337   2,955
    Net interest income   3,462   3,343   3,343
    Provision for loan losses   71   170   75
    Other income   239   210   143
    Other expense   2,895   2,748   2,826
    Income before income taxes   735   635   585
    Income taxes   (149)   (160)   (39)
    Net income $ 586 $ 475 $ 546
    Earnings per common share (basic) $ 0.30 $ 0.24 $ 0.28
    Earnings per common share (diluted) $ 0.29 $ 0.23 $ 0.26
    Return on average assets (annualized)   0.50%   0.45%   0.53%
    Return on average equity (annualized)   8.14%   6.97%   8.05%
    Net charge-offs(recoveries)/average loans   0.01%   0.00%   0.00%

    The MIL Network –

  • MIL-OSI: Middlefield Sustainable Global Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Sustainable Global Dividend ETF (TSX: MDIV) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Sustainable Global Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.06
    November 30, 2024 December13, 2024 $0.06
    December 31, 2024 January 15, 2025 $0.06
         

    The trust units trade on the Toronto Stock Exchange under the symbol MDIV.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

  • MIL-OSI: Middlefield Healthcare Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Healthcare Dividend ETF (TSX: MHCD) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Healthcare Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.05
    November 30, 2024 December13, 2024 $0.05
    December 31, 2024 January 15, 2025 $0.05
         

    The trust units trade on the Toronto Stock Exchange under the symbol MHCD.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

  • MIL-OSI: Drones Driven by A.I. Are Taking Over Major Industries Including Agriculture, Construction, Military & More

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial intelligence (AI) and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of artificial intelligence and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands. Factors such as technological advancements, growing need for automation and efficiency, and the increasing adoption of drones in the Logistics and Delivery, Agriculture and Precision Farming, Disaster Management and Search & Rescue, Environmental Monitoring and Industrial sectors are boosting the adoption of AI solutions in the UAV landscape. A report from Knowledge Sourcing Intelligence projected that the Artificial Intelligence in drone market size is projected to show steady growth during the forecast period (2024-2029). The report said: “Booming drone adoption in the sector boosts AI in drone market growth. Drones driven by AI are taking over major sectors such as agriculture, serving as industrious field workers. They minimize human effort while monitoring crop health, accurately locating pests, and applying irrigation to maximize production and optimize resource use. The movement known as “precision agriculture” is revolutionizing the way of raising food. According to the January 2022 Press Release Bureau, the government is extending financial support under the “Sub-Mission on Agriculture Mechanization” to encourage the use of drones in agriculture. The Agriculture Ministry will give agricultural institutions grants of up to Rs. 10 lakhs so the farmers can buy drones. When it comes to drone demonstrations on farmer fields Farmer’s Producers Organizations (FPOs) can receive funds for up to 75% of the total cost of the drone. The initiatives and factors supporting agriculture enhance the drone market.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Palantir Technologies Inc. (NYSE: PLTR), QUALCOMM Incorporated (NASDAQ: QCOM), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO).

    “The growing need for automation in logistics propels AI in drone market. Industries these days need effective and automated ways to handle logistics jobs. Drones and AI together present an attractive alternative for companies looking to increase productivity and accuracy as they save labor expenses and increase productivity by automating operations that were previously done by hand. By the end of 2024, Prime Air plans to expand internationally into Italy and the UK, in addition to starting drone deliveries in the United States. Similarly, in October 2023, Amazon Pharmacy launched drone delivery of pharmaceuticals. Eligible consumers in College Station, Texas, can now have their drugs delivered to their homes via drone within 60 minutes of placing their purchase with Amazon Pharmacy.”

    ZenaTech Inc. (NASDAQ:ZENA) Issues Big Development News Today on Adding Patent Assets to the Company – Get the full details by visiting: https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments this week include:

    ZenaTech Announced a Software Company Acquisition Adding Significant Capabilities to Building AI Drones – ZenaTech also announced that it has entered into an agreement to acquire ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. The acquisition of these two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaTech’s ZenaDrone AI drone solutions. This transaction further expands ZenaTech’s portfolio of SaaS software solutions and customer base and is expected to add to recurring revenue in the government sector among others. The acquisition is subject to shareholder and regulatory approvals that may be required.

    “Adding Jadian and DeskFlex software capabilities to the ZenaTech portfolio is part of our strategy to offer full stack, integrated AI drone solutions targeted to multiple sectors such as Agriculture. Jadian’s compliance software will be integrated with ZenaDrone drone hardware and sensors to help farmers track and manage regulatory and environmental requirements such as crop traceability, fertilizer and pesticide use, water conservation, and greenhouse gas emissions. Deskflex scheduling and mapping software will add value integrated into our property management sector solutions,” said CEO Shaun Passley, Ph.D. Read this full release at: https://finance.yahoo.com/news/zenatech-announces-software-company-acquisition-113000656.html

    Other recent developments in the technology industry include:

    Edgescale AI Inc. and Palantir Technologies Inc. (NYSE: PLTR) recently announced a strategic partnership to deliver Live Edge, a groundbreaking combination of Palantir Edge AI and Edgescale AI distributed infrastructure technology, designed to operationalize artificial intelligence (AI) in manufacturing, utilities, and other complex industrial environments.

    AI is reshaping the world and transforming our relationship with technology, yet applying AI to operational technology in industries and critical infrastructure remains a challenge. So long as the complexity and operational burden of activating machines, equipment, vehicles, and sensors in physical systems remains high, we only achieve a fraction of AI’s true potential for automating our technology and improving our lives.

    QUALCOMM Incorporated (NASDAQ: QCOM) recently announced that, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

    This initiative aims to support early-stage startups in the high-tech sector by guiding them from product design and development to commercialization. It aims to provide a comprehensive suite of support that includes technical assistance, business coaching, and intellectual property (IP) training, all aimed at enhancing the Kingdom’s technology ecosystem. Should this initiative materialize, startups would gain access to resources such as Qualcomm Technologies and Aramco’s industrial experience and RDIA’s strategic guidance.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, recently issued a Letter to Stockholders from Company CEO Bill Irby.

    Dear Stockholders: First, I want to extend my appreciation for the trust and confidence you have placed in AgEagle. Upon taking over as CEO from Grant Begley (former interim CEO and current Board Chairman), we have been evolving and advancing AgEagle toward the creation of maximum long-term shareholder value.

    To fund our aggressive growth plans, we recently completed a $6.5M capital raise. The market’s reaction was a continued decline in our stock price. It became necessary to plan and execute a 50:1 reverse stock split. Our trading was halted October 4th but has since resumed, and I am truly optimistic regarding the path ahead as I believe that the company is currently under-valued… In conclusion, through a combination of our key initiatives, growing demand, and demonstrated progress in our newest market, I believe AgEagle is on the correct path to increase long-term shareholder value. We appreciate your continued support. Sincerely, Bill Irby, CEO

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading developer of drone solutions and systems, recently announced its participation in the upcoming Wings of Saskatchewan event in Regina, from October 30 to October 31, 2024. Draganfly will showcase its latest drone technology advancements, contributing to discussions on industry trends, safety, and regulatory considerations alongside key stakeholders in the aviation sector.

    The Wings of Saskatchewan Conference, hosted by the Saskatchewan Aerial Applicators Association and the Saskatchewan Aviation Council, serves as a vital gathering for the aviation community. This year’s event will bring together leaders from both civil and commercial aviation sectors to discuss technological advancements, regulatory updates, and future trends within the industry.

    About FN Media Group:
    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia
    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup
    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

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

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

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Middlefield Innovation Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Innovation Dividend ETF (TSX: MINN) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Innovation Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.033
    November 30, 2024 December13, 2024 $0.033
    December 31, 2024 January 15, 2025 $0.033
         

    The trust units trade on the Toronto Stock Exchange under the symbol MINN.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

  • MIL-OSI: TopLine Credit Union Foundation Awards $36,500 in Scholarships

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., Oct. 24, 2024 (GLOBE NEWSWIRE) — In its tenth year, TopLine Credit Union Foundation has awarded a total of $36,500 in scholarship money to 35 TopLine members who are continuing their education, and $1,500 in scholarship funds to support post-secondary educational needs and goals of students in Nigeria through partnership with African Education and Health Initiative (AFEDHI), a local non-profit organization with a vision to assist African students with access to education, books and school supplies.

    TopLine Credit Union Foundation received 127 applications. Any TopLine member pursuing post-secondary education by attending a college or university, graduate school, or a 2-to-4-year community, vocational or technical college in the fall of 2024 was eligible.

    Scholarship applicants needed to complete a one-page application form and submit an essay (500 words or less) that answered the question: “Discuss a hobby, interest, or passion that is important to you. How has this influenced your personal growth and academic journey?”

    As one of our scholarship recipients commented, “Unlike most twin sisters, I grew up not just as a sibling, but as a caregiver. Her ability to navigate the world was often reliant on my hearing, and I was responsible for filling her in on our learning in school. From an early age, I became my sister’s advocate and ally. I witnessed firsthand the challenges she faced in navigating a predominantly hearing world. My sister’s journey has shown me the significance of empathy, understanding, and hard work, ultimately steering me toward my aspiration to become an audiologist. I hope to create a space where people feel heard, empowered, and understood, much like I’ve strived to do for my sister.”

    “It’s was so rewarding to read all the personal stories written by applicants based on the influences they have experienced to help them along their personal growth and academic journeys,” said Vicki Roscoe Erickson, President, TopLine Credit Union Foundation. “Our foundation board had an extremely difficult decision of just selecting 35 scholarship recipients, and we celebrate their dedication and drive as they embark on their learning journey.”

    TopLine Credit Union Foundation, guided by its mission of “working within the community to build a better tomorrow,” will continue to support the cooperative spirit of “people helping people” by living the mantra – to care, connect and contribute in the communities they serve.

    Scholarship recipients will be recognized with a reception at the credit union, on TopLine Credit Union Foundation’s website page and on their Facebook page.

    TopLine Credit Union Foundation, a 501(c)(3) non-profit organization, is dedicated to providing members with an array of financial education opportunities and counseling for members of all ages, awarding scholarships, contributing to community charitable organizations and sponsoring other community give-back efforts. Since inception in 2014, TopLine Credit Union Foundation has given out $175,000 in scholarship monies to assist with the affordability of post-secondary education. Donations are tax deductible to the extent allowed by law. For further information visit www.TopLinecu.com/foundation, email Foundation@TopLinecu.com, call 763-391-9494, or stop by any branch location or write to: 9353 Jefferson Hwy, Maple Grove, MN 55369. Federal Tax ID # is 46-4335752.

    CONTACT:
    Vicki Roscoe Erickson
    President, TopLine Credit Union Foundation
    verickson@toplinecu.com
    763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/70b1950d-0cdb-42e0-a7bf-213f59799195

    The MIL Network –

  • MIL-OSI: Introducing Alvacomm’s Cyber Risk Platform for Insurance Providers and Brokers in the Middle East

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) — Alvacomm’s latest platform sets a new standard in cyber risk management for insurance providers and brokers in the Middle East. As cyber threats rise, insurers need tools that go beyond traditional risk assessments. This platform merges cyber insurance with actionable solutions, giving insurers and brokers the resources to address risks proactively. Designed for today’s evolving threat challenges. Alvacomm’s platform empowers providers to assess and mitigate client vulnerabilities, transforming how they manage cyber risk.

    A New Approach to Cyber Insurance

    Alvacomm’s platform revolutionizes cyber insurance by infusing it with targeted solutions. Rather than focusing solely on traditional assessments, it highlights vulnerabilities in a client’s cyber threat prevention strategies. This dual approach allows insurers and brokers to offer more than coverage, supporting clients in minimizing risks before claims arise. This leads to more resilient insurance offerings, helping both providers and brokers enhance their services while effectively managing client risks.

    Strengthening Underwriting Confidence

    The platform delivers clear insights into clients’ preparedness to handle cyber threats, focusing on their overall approach to prevention rather than their current systems. This provides underwriters with the reliable information they need to make well-informed decisions. With this level of clarity, both providers and brokers can issue policies with greater confidence, ensuring that the risk profile is accurate and manageable. This approach strengthens the partnerships between insurers and brokers, building a more effective insurance ecosystem.

    Solutions Beyond Risk Assessment

    Alvacomm’s platform goes further than assessing risk by offering solutions. When clients show areas of vulnerability, insurers and brokers can refer them to Alvacomm’s team for further assistance. This ensures clients are better equipped to qualify for coverage and reduces the chances of future claims. By focusing on solutions, insurers, brokers, and clients alike benefit from improved security and more stable, profitable relationships.

    Gaining a Competitive Edge

    In the rapidly expanding Middle Eastern cyber insurance market, differentiation is key. Alvacomm’s platform gives providers and brokers a competitive advantage by combining risk assessment with actionable strategies. Rather than offering basic policies, they can deliver comprehensive solutions that address and reduce client risks, positioning themselves as leaders in cyber risk management. This gives clients a long-term partnership, supporting their security needs while providing them with tailored coverage.

    Fewer Claims, Greater Profitability

    Alvacomm’s platform helps insurers and brokers reduce claims by addressing vulnerabilities before policies are issued. This proactive approach lowers overall risk and improves financial outcomes. Insurers benefit from covering clients committed to reducing their risk, while brokers offer policies that deliver greater value to their clients, improving client retention and profitability.

    Strengthening Broker-Client Relationships

    By offering more comprehensive solutions, brokers can build trust with their clients. Alvacomm’s platform enables brokers to provide accurate risk assessments, helping them recommend policies that suit each client’s specific needs. This advisory role strengthens long-term relationships, positioning brokers as key partners in their clients’ cybersecurity journey.

    Conclusion

    Alvacomm’s platform is transforming cyber risk management for insurance providers and brokers in the Middle East. With its proactive approach, the platform reduces claims, improves profitability, and strengthens relationships. As cyber threats continue to rise, Alvacomm’s platform ensures insurers, brokers, and clients are better equipped to handle risks.

    Join the Waitlist: https://www.alvacomm.org
    Stay ahead of the curve in cyber risk management by joining the waitlist for early access to Alvacomm’s platform.

    Skip the Waitlist: https://vipaccess.alvacomm.org
    Secure exclusive VIP access to Alvacomm’s platform and be among the first to experience its full range of features.

    Contact Information:

    Paul Brew
    Email: paul.brew@alvacomm.ae

    For partnership inquiries, please contact us at: partner@alvacomm.ae

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abaffd89-91bb-4849-a591-a9c791b72aac

    The MIL Network –

  • MIL-OSI: Middlefield U.S. Equity Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield U.S. Equity Dividend ETF (TSX: MUSA) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield U.S. Equity Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.04583
    November 30, 2024 December13, 2024 $0.04583
    December 31, 2024 January 15, 2025 $0.04583
         

    The trust units trade on the Toronto Stock Exchange under the symbol MUSA.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

  • MIL-OSI: Real Estate Split Corp. Announces Successful Overnight Offering

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for dissemination in the United States.

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Real Estate Split Corp. (TSX: RS and RS.PR.A) (the “Company”), is pleased to announce a successful overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). Gross proceeds of the offering are expected to be approximately $46.4 million.

    The offering is expected to close on or about Wednesday, October 30, 2024 and is subject to certain closing conditions including approval by the Toronto Stock Exchange.

    The Class A Shares were offered at a price of $12.90 per Class A Share to yield 12.1% and the Preferred Shares were offered at a price of $10.10 per Preferred Share to yield 4.4% to maturity. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (calculated as at October 22, 2024), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.

    The Company has been designed to provide investors with a diversified, actively managed, high conviction portfolio comprised of securities of leading North American real estate companies.

    The Company’s investment objectives for the:

    Class A Shares are to provide holders with:

    (i) non-cumulative monthly cash distributions; and
    (ii) the opportunity for capital appreciation through exposure to the portfolio

    Preferred Shares are to:

    (i) provide holders with fixed cumulative preferential quarterly cash distributions; and
    (ii) return the original issue price of $10.00 to holders upon maturity.

    Middlefield Capital Corporation provides investment management advice to the Company.

    The syndicate of agents for the offering was co-led by CIBC Capital Markets, RBC Capital Markets, and Scotiabank, and included Canaccord Genuity Corp., Hampton Securities Limited, National Bank Financial Inc., BMO Nesbitt Burns Inc., iA Private Wealth Inc., Raymond James Ltd., Manulife Wealth Inc., Ventum Financial Corp., Wellington-Altus Private Wealth Inc., Desjardins Securities Inc., and Research Capital Corporation.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the short form base shelf prospectus may be obtained from a member of the syndicate. The Company intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.

    The MIL Network –

  • MIL-OSI: Middlefield Real Estate Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Real Estate Dividend ETF (TSX: MREL) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Real Estate Dividend ETF as follows:

    Record Date Payable Date Distribution Per Trust Unit
    October 31, 2024 November 15, 2024 $0.075
    November 30, 2024 December13, 2024 $0.075
    December 31, 2024 January 15, 2025 $0.075

    The trust units trade on the Toronto Stock Exchange under the symbol MREL.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

  • MIL-OSI: Tomarket Hits 40M Users, Gearing Up For $TOMA Token Launch

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 24, 2024 (GLOBE NEWSWIRE) — Tomarket, the leading mini-app in the TON ecosystem, has hit a major milestone with 40 million users just four months after launch. This explosive growth comes alongside the announcement of its new token, $TOMA, set to debut during its Token Generation Event (TGE) on October 31. This rapid growth reflects the platform’s appeal and effectiveness in engaging users within the dynamic Web3 space.

    Tomarket is preparing to host its Token Generation Event (TGE) for the new token, $TOMA, on October 31 at 23:59 (GMT+8). To qualify for tokens during the TGE, users must add the tomato emoji and achieve at least bronze level in the Tomarket Level System. This event represents a significant milestone in Tomarket’s ongoing evolution and expansion of its offerings. For more details about the TGE, please refer to Tomarket’s Telegram announcement.

    Since its launch in July, Tomarket has rapidly grown, leveraging the popularity of its tomato drop game to attract a large user base on Telegram. The game offers an engaging way for users to join the TON ecosystem by collecting Tomato points through activities like drops, farming, and referrals. In just five days, Tomarket amassed over 1 million users and has since surged past 40 million, with more than 10 million wallet connections within four months.

    Key to this remarkable growth is Tomarket’s community of over 200 dedicated ambassadors worldwide, who passionately promote the platform while nurturing local connections. Additionally, Tomarket has partnered with Bitget Wallet to drive innovation within the TON ecosystem, providing rewards and gas subsidies to users exploring new features, further fueling its rapid expansion.

    Miles, Core Contributor of Tomarket team, commented, “The TGE is just the beginning. With $TOMA, we’re not just launching a token; we’re creating an integrated ecosystem that puts users first. Our mission is to deliver long-term value through innovative solutions. Backed by Foresight X and Bitget Wallet, we’re ready to experiment and lead the next wave of innovation in the TON ecosystem.”

    About Tomarket

    Tomarket is your all-in-one platform for gaming, earning, and trading on Telegram & TON. No more jumping between different platforms—play games, earn tokens, and trade them all in one place. Tomarket is backed by Foresight X and Bitget Wallet. 

    For more information: Website |  Twitter |  Telegram

    For media inquiries, users can contact media@tomarket.ai

    Contact

    PR team
    media@tomarket.ai

    The MIL Network –

  • MIL-OSI: Bitget lists Piggy Piggy Coin (PGC) on Pre-market for Advance Trading Orders

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 24, 2024 (GLOBE NEWSWIRE) —

    Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of PiggyPiggy Coin (PGC) in its Pre-market allowing users to place buy and sell orders prior to its launch. The pre-market period started on October 22nd, 2024, 10:00 (UTC), with spot trading beginning shortly after. This early trading option is designed to give users an opportunity to participate in the PCG market prior to its full availability.

    Bitget’s pre-market trading platform allows users to engage in over-the-counter transactions of new tokens before their official listing. This feature offers a peer-to-peer marketplace where buyers and sellers can negotiate prices, facilitating advanced liquidity and strategic investment opportunities. Participants can secure coins at favorable prices, allowing for optimized investments without the immediate need for sellers to possess the coins.

    PiggyPiggy Coin (PGC), produced by FunKing Studio, is launching its first token, $PPT, through a highly developed TG Bot-based mini-game that offers 100% token airdrops. Players can earn a daily minimum salary of $2, with higher earnings available by inviting friends. The project has significant traffic, with over 57K Twitter followers and strong engagement across Telegram channels. FunKing Studio has reportedly secured $3 million in equity investment from prominent firms like IDG Capital, KuCoin Ventures, Opta, and Sportsbet.

    Bitget’s introduction of PGC through its pre-market mechanism shows the platform’s strategy to provide users early access to emerging blockchain projects. This early engagement benefits both the token’s market exposure and user participation, making it an integral part of Bitget’s expanding crypto ecosystem.

    Bitget has established itself as one of the leading crypto spot trading platforms, offering a diverse selection of over 800 coins and more than 900 trading pairs across various ecosystems, including Ethereum, Solana, Base, and recently, TON. The pre-market platform, launched in April 2024, has facilitated early access to over 150 high-profile projects such as EigenLayer (EIGEN), Zerolend (ZERO), Notcoin (NOT), and ZkSync (ZKSYNC), providing a unique opportunity for investors to engage with emerging tokens at an early stage. The addition of PGC to this lineup further enhances Bitget’s commitment to offering users access to promising Web3 projects.

    PGC’s introduction on Bitget’s platform signifies a growing interest in Telegram-based projects that incorporate both gaming mechanics and financial elements, creating a symbiotic relationship between entertainment and decentralized finance. This listing is expected to attract a diverse range of participants, from avid gamers to crypto enthusiasts, who are eager to explore and invest in the evolving landscape of blockchain.

    For more information on PGC, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

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

    For media inquiries, users can contact: media@bitget.com

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

    Contact

    Public Relations
    Simran A
    Bitget
    media@bitget.com

    The MIL Network –

  • MIL-OSI: Fresche Solutions Appoints Pete Czornohus as Chief Commercial Officer to Lead Strategic Expansion

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 24, 2024 (GLOBE NEWSWIRE) —  Fresche Solutions (“Fresche”, “Company”), a global leader in IBM i management and modernization, appoints Pete Czornohus as its new Chief Commercial Officer, effective immediately. This pivotal appointment aligns with Fresche’s ongoing commitment to strengthen its sales and customer engagement, ensure sustained growth, and deliver exceptional value to its customers.

    “Appointing Pete Czornohus as our new Chief Commercial Officer is a key step in accelerating our growth strategy and advancing our customer-centric approach,” said Joe Zarrehparvar, CEO of Fresche Solutions. “Pete’s strategic expertise and impressive track record make him the ideal choice for this role. His leadership and vision for commercial operations and customer excellence will be critical as we continue to expand our presence in the IBM i market and strengthen relationships with customers.”

    With over 40 years of industry experience, Pete will focus on executing Fresche’s strategic plan, driving revenue growth, and ensuring the company’s commercial strategies align with its long-term goals. Pete will also continue his role as General Manager of Software and Professional Services.

    “Becoming Chief Commercial Officer is an incredible opportunity,” said Pete Czornohus. “I look forward to the increased scope of my role at Fresche to drive commercial success, enhance customer relationships, and achieve new levels of growth. Together, we’ll set new benchmarks for customer excellence in the IBM i ecosystem and beyond.”

    Fresche empowers organizations to maximize their IBM i and technology assets. The appointment of Pete reflects Fresche’s focus on leadership excellence, innovation, and customer value as it continues to evolve and grow in the IBM i modernization sector.

    ABOUT FRESCHE SOLUTIONS 
    Pioneers in IT modernization, Fresche manages, modernizes, and maximizes the value of IBM i business critical systems. Our winning IP and proven solutions in Modernization, Cloud, Software and Application Services, and Strategy have earned the trust of global leaders from 2200+ companies. Transform your IT challenges into future growth and innovation with Fresche Solutions. Learn more at www.freschesolutions.com.

    Media Contact:
    Aneta Ranstoller
    VP, Marketing
    Fresche Solutions Inc.
    aneta.ranstoller@freschesolutions.com
    +1 800 361 6782

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74f6697d-072b-4ce7-8e21-cf4ea010a5f2

    The MIL Network –

  • MIL-OSI: Charlton Aria Acquisition Corp. Announces Pricing of $75,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, DE, Oct. 24, 2024 (GLOBE NEWSWIRE) — Charlton Aria Acquisition Corporation (Nasdaq: CHARU) (the “Company”) announced today the pricing of its initial public offering of 7,500,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “CHARU” beginning October 24, 2024. Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “CHAR” and “CHARR”, respectively. The underwriter has been granted a 45-day option to purchase up to an additional 1,125,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on October 25, 2024, subject to customary closing conditions.

    The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on industries that complement the management team’s and board of director’s background and network, and to capitalize on the ability of its management team and board of directors to identify and acquire a business.

    Clear Street is acting as the sole book-running manager in the offering.

    A registration statement on Form S-1 (333-282313) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”), and was declared effective on October 24, 2024. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

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

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

    Contact Information:
    Charlton Aria Acquisition Corp.

    Mr. Robert W. Garner
    Chairman, Chief Executive Officer, and Director
    221 W 9th St #848
    Wilmington, DE 19801
    Email: ceo@charltonaria.com

    The MIL Network –

  • MIL-OSI: Remote Access for Education: Transforming Learning with TSplus Solutions

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Oct. 24, 2024 (GLOBE NEWSWIRE) — As schools and universities navigate the shift towards digital learning, recent feedback from schools in the UK underscores the vital role TSplus remote access solutions can play in maintaining continuity and efficiency in education. Designed to support both educators and students, TSplus provides secure, flexible, and easy-to-use solutions that enable seamless access to educational resources from anywhere.

    Remote Access for Education Enhances Remote Learning and Security

    During the COVID-19 pandemic, Longdendale High School turned to TSplus to facilitate remote learning. According to Malcolm Ogden, Network Manager at the school, TSplus delivered the perfect balance of functionality and security.

    “We initially implemented TSplus because the remote tools we were using weren’t reliable,” Malcolm shares. “TSplus allowed us to set up a secure server within an hour, a lifesaver during those critical times.”

    The software’s remote desktop access enabled staff and students to connect to the school’s network with ease, enhancing both learning and collaboration. “It’s incredibly user-friendly, and the performance is outstanding even with multiple users. The system has run smoothly, ensuring education was never interrupted,” Malcolm adds.

    Security was another crucial factor. Longdendale’s use of two-factor authentication (2FA) and advanced security features ensured the protection of sensitive student data. “Knowing our network is secure allows us to focus on what matters—supporting our students,” says Malcolm.

    Cost-Effective and Reliable Remote Access for Education

    At Rayner Stephens High School, IT Manager Simon praises TSplus for its adaptability and cost-effectiveness. “We used to rely on Microsoft Remote Desktop, but it was expensive and difficult to manage. TSplus, on the other hand, is straightforward, customizable, and doesn’t strain our server resources.”

    TSplus also ensured continuity of education during remote learning periods, with Simon particularly noting the 2FA feature that strengthened the school’s cybersecurity. “TSplus offers a robust, affordable solution that evolves with our needs,” Simon explains.

    TSplus Remote Access for Education Trial Version

    TSplus is committed to empowering educational institutions with cutting-edge remote access solutions. Their technologies are trusted by prestigious institutions worldwide, including Harvard University, the University of Sheffield, and the University of Stuttgart, to provide secure, efficient remote access for staff and students alike.

    Schools looking to optimize their remote learning environment are invited to visit https://tsplus.net/remote-access-for-education/ and to experience the benefits firsthand by downloading the free trial (Here).

    Watch the video here to see how TSplus is transforming the future of education.

    About TSplus

    TSplus is a leading provider of remote desktop and application delivery solutions, designed to simplify and secure access to business and educational resources from any location. With a focus on affordability, security, and user experience, TSplus serves thousands of organizations worldwide, helping them improve efficiency and flexibility through reliable remote access technology. Whether in education, healthcare, or business, TSplus is committed to enabling seamless digital experiences for users across the globe.

    Press Contact:

    Floriane Mer

    Marketing Manager at TSplus

    Floriane.mer@tsplus.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e125a62c-8542-4ba4-929a-c524e6de8cf0

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e2946d0-268f-46cb-8e1c-7073fedb3a5c

    The MIL Network –

  • MIL-OSI: Iterate.ai Partners with Intel, Bringing its AI Manager to Intel AI PCs

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. and DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) — Iterate.ai, whose AI platform enables enterprises to build production-ready AI applications and ready-to-use products for private AI requirements and the AI PC era, has partnered with Intel to bring Generate, Iterate.ai’s secure AI Manager application, to Intel AI PCs.

    From summarizing customer comments to analyzing inventory to providing logo designs and much more, Generate gives businesses an essential personal AI assistant and instant go-to resource for business guidance and generative AI needs. Generate utilizes RAG and multiple secure vector databases and runs LLMs locally on AI PCs using its advanced capabilities. The Generate framework enables businesses to benefit from multiple small and large language models. With this partnership, Intel is including Generate in application bundles for use on Intel Meteor Lake AI PCs and Intel’s upcoming Lunar Lake AI PCs.

    As a private LLM manager and personal AI assistant, Generate utilizes LLMs optimized for Intel’s AI PC architecture to provide businesses with increased productivity and seamless user experiences. Generate can run on a private cloud in an on-premise data center—or even locally on an AI PC, with no internet connection required. That flexibility maximizes the application’s security, prevents data leakage, and conforms to stringent IT regulations. Users can simply point Generate at documents and data in a private cloud or stored locally, ask questions or make requests, and quickly receive results to drive their businesses forward.

    Generate’s capabilities and benefits for businesses include:

    • Analyze Local Documents on AI PCs: Gain insights from legal, employee training, HR, or product documents by asking questions, defining terms, or generating new content with tailored modifications based on existing documents.
    • Private Documents: Keep sensitive information secure and compliant by storing all documents locally—nothing goes to the cloud, ensuring trust and privacy.
    • Vector Database: Efficiently handle spatial queries, indexing, and data analysis for applications like mapping, navigation, and spatial analytics.
    • Document Search: Instantly find and retrieve relevant information for research, reference, or decision-making.
    • Workflow Cards: Leverage LLM-powered workflows to automate tasks—such as searching the web for new data, integrating it with existing documents, and generating updated content.

    “Generate on Intel AI PCs is a business’s ally and oracle when it comes to boosting productivity and navigating decisions that eliminate inefficiency, spur creativity, and drive growth,” said Brian Sathianathan, CTO and co-founder Iterate.ai. “Business owners can ask everything from ‘How do I build an e-commerce site?’ to ‘What are the red flags in this office lease?’ to ‘How can I do SEO well?’ and receive precise answers to their specific business and needs. We’re proud to partner with Intel to provide businesses with this valuable resource.”

    “We are excited to collaborate with Iterate.ai to bring the AI capabilities offered by Generate to Intel AI PCs,” said Justin Christiansen, GM Software and Services Partners at Intel. “This unleashes the productivity benefits of generative AI to Intel AI PC users with enhanced privacy and security as the applications run locally on the device. Users can confidently gain insights and efficiencies leveraging private documents to answer questions, generate content, instantly retrieve information and more.”

    About Iterate.ai

    Iterate.ai is at the forefront of empowering businesses with state-of-the-art AI solutions, like Generate and its AI low code platform, Interplay. Interplay is cloud-agnostic and can run AI on the edge and in secure private environments. With six patents granted (including “drag-and-drop AI”) and nearly a dozen more pending, Iterate.ai’s platform offers corporate innovators a low-risk, systematic way to scale in-house, near-term digital innovation initiatives. With its largest office in San Jose, CA and Denver, CO, Iterate.ai has a global presence with other offices in North America (Texas, Washington, Arizona), Europe (Stockholm), and Asia (India, Sri Lanka, Singapore).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network –

  • MIL-OSI: Constellation Digital Partners and WESTconsin Credit Union Partner to Enhance Digital Services for Members through Fintech Connect

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., Oct. 24, 2024 (GLOBE NEWSWIRE) — Constellation Digital Partners is excited to announce its partnership with WESTconsin Credit Union to implement the Fintech Connect product, a strategic initiative aimed at enhancing digital services for its members.

    In an effort to provide innovative financial solutions and streamline member experiences, WESTconsin Credit Union has chosen Constellation Digital Partners for their cutting-edge technology and commitment to member satisfaction. The Fintech Connect platform will enable WESTconsin to offer a broader range of digital services, ensuring that members have access to the latest financial tools and resources.

    Kevin Hall, CIO of WESTconsin said, “WESTconsin is always looking to expand our digital offerings by partnering with emerging financial technology providers; however, finding a cost effective and timely method for integrating these platforms into our digital banking experience has been a challenge.  We couldn’t be more excited to partner with Constellation’s Fintech Connect platform to expedite our time to market and open opportunities to partner with a wider array of solutions for our members.”

    “Constellation is thrilled to work with WESTconsin Credit Union,” said Marc Miller, CRO of Constellation Digital Partners. “We believe our Fintech Connect product will significantly enhance the member experience and help WESTconsin continue to lead in financial innovation.”

    Members can look forward to new features and services that will be rolled out in the coming months as part of this exciting partnership.

    For more information about Constellation Digital Partners and its digital services, please visit https://constellation.coop/contact/.

    About WESTconsin Credit Union
    WESTconsin Credit Union is dedicated to providing members with exceptional financial services and resources tailored to their unique needs. With a focus on community engagement and member satisfaction, WESTconsin is committed to empowering individuals to achieve their financial dreams.

    About Constellation Digital Partners
    Constellation Digital Partners is a leading provider of digital banking solutions, specializing in delivering innovative digital products that enhance the member experience. Their mission is to empower credit unions and financial institutions to better serve their communities through cutting-edge technology.
    Contact:

    Constellation Digital Partners
    Amanda Reed, Enterprise Sales Executive
    areed@constellation.coop 

    The MIL Network –

  • MIL-OSI: Farmers & Merchants Bancorp, Inc. and F&M Bank Announces Updates to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Kevin Frey Appointed to Board of Directors

    Dr. K. Brad Stamm to Retire from Board of Directors

    ARCHBOLD, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced updates to its Board of Directors. On October 22, 2024, Kevin Frey was appointed to the Board of Directors of both the Company and the Bank. In addition to this new appointment, F&M announced the retirement of Dr. K. Brad Stamm from the Board of Directors.

    “On behalf of F&M’s Board of Directors, I am thrilled to welcome Kevin to our team. With deep roots in our legacy market and a wealth of experience as Vice President of Frey & Sons, he brings invaluable insights that will strengthen our connection to the communities we serve,” said F&M’s Chairman Andrew Briggs. “We look forward to his contributions as we continue to grow while staying true to the values guiding F&M for generations.”

    Frey is the Vice President of Frey & Sons, Inc., a family-owned real estate brokerage and auction company that was incorporated in 1963 and is headquartered in Archbold, Ohio. Frey is the Principal Broker and lead Auctioneer for Frey & Sons. The company specializes in real estate auctions and sales in Northwest Ohio and heavy equipment auctions across the Midwest. Frey also manages a portfolio of multifamily, commercial, and agricultural properties and is a member of the Board of Directors for Yoder & Frey, Inc., a farm and machinery auction yard. Frey received a Bachelor of Arts in accounting from Goshen College and worked as a Certified Public Accountant from 1996-2003. He is a member of the National Association of Realtors, Ohio Association of Realtors, National Auctions Association, and Ohio Auctioneers Association.

    Dr. Stamm joined the Board in November of 2016 and served with distinction throughout his tenure. He is the President and Educational Consultant of Stamm Management Group. A celebration in honor of Dr. Stamm’s contributions was held on October 22, 2024. His final day as a Board member will be October 25, 2024.

    “Brad has been an instrumental part of our Board for nearly eight years, and his dedication and leadership will be greatly missed,” said President and CEO of F&M, Lars Eller. “We wish him all the best and express our deepest gratitude for his service to F&M.”

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

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

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

     

    The MIL Network –

  • MIL-OSI: Investview, Inc. (“INVU”) Announces the Acquisition of Renu Laboratories Inc., a manufacturer of proprietary and other health, beauty and wellness products.

    Source: GlobeNewswire (MIL-OSI)

    Company to launch a new health and wellness business intended to expand existing lines of business and take advantage of established distribution channels.

    Haverford, PA, Oct. 24, 2024 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and a digital asset technology company, which develops, operates, and supports blockchain technologies, with a focus on the Bitcoin blockchain ecosystem and the generation of digital assets, announced today that it has recently completed the acquisition of Renu Laboratories, Inc., a manufacturer of proprietary and other health, beauty and wellness products (“Renu Labs”). The terms of the acquisition were not disclosed.

    “This acquisition is an exciting milestone for our company’s strategic growth plans,” said Victor Oviedo, Investview CEO. “The combination of Renu Labs with our existing businesses is intended to further support our mission and vision at Investview to create and offer unique quality of life (QoL) products and services to help people realize their greatest potential through better financial literacy, technology and accessibility, blockchain sustainability, and now a personal health and wellness lifestyle.”

    Strategic rationale behind the merger:

    Victor Oviedo, Investview CEO commented, “through its principal and Founder, Gregg Hanson, an experienced veteran in the industry, Renu Labs has been able to develop a catalog of proprietary and third-party skin, body, hair, nutritional supplement, and personal care products. Following the Company’s integration of the Renu Labs business, the Company plans to operate through a unique B2C direct-to-consumer marketing and product sales delivery model under its newly formed myLife Wellness business unit. We expect that the combination of the Renu Labs business with our global network marketing model will enable us to expand and enhance our customer retention and increase the value of the Company’s iGenius global network to its affiliates and customers.”

    “Our sales force and consumers are expected to benefit from commercialization of the Renu Labs unique proprietary wellness products namely, Renu by myLife Wellness “advanced peptide wrinkle corrector serum,” “eye lift and tuck serum,” and its “high potency advanced day and night peptide and collagen renewal serum” for both woman and men.”

    Jim Bell, Investview President/ COO added, “the Renu acquisition is a great addition to the Company in multiple ways. It not only adds a proven brand and a collection of proprietary health and wellness products, but most importantly, from a strategic perspective, it positions us to take the first step in the planned diversification of the Company’s business into the expanding health and wellness markets while taking advantage of our existing national and international distribution channels to do so.”

    “Furthermore”, Mr. Bell added, “we were looking for just the right partner to form the platform for our strategic growth initiative. With Renu Labs’ nearly three decades of experience in the health and wellness space, we believe Gregg Hanson and Renu Labs are the right partners. It is our expectation that the myLife Wellness/Renu platform will not only enhance our future financial results but will also help consumers achieve a better personal health and wellness lifestyle which aligns with our Company’s Mission and Vision.”

    Investview expects the Renu acquisition to be revenue accretive as early as the 4th quarter of 2024 – 1st quarter 2025.

    Underlying the expected synergies are the following factors:

    • Expanded Product Line: Renu Labs’ advanced peptide serums and personal care products are expected to complement Investview’s iGenius platform, enhancing customer offerings.
    • Market Expansion: Investview’s iGenius subsidiary has more than 15,000 global customers and members, including more than 17,000 alumni of the same, creating an attractive, immediate cross-selling opportunity.
    • Operational Synergies: The merger in conjunction with the Company’s capital investment will enhance product development and innovation and is expected to increase recurring revenue through the Company’s existing direct-to-consumer model.
    • Proven Industry Expertise: Renu Labs has over 30 years’ experience as a recognized OTC skin care manufacturer specializing in private label and contract manufacturing of high-quality skin, body and hair care and other OTC products, and operates as an FDA-registered and cGMP-compliant facility.

    Gregg Hanson, Founder and President of Renu Labs commented, “Joining forces with Investview marks a pivotal moment for us. This partnership will allow us to accelerate innovation and to bring more unique, high-quality wellness products to the global health and wellness market. At Renu Labs, we have worked to create and offer innovative high quality proprietary skin, body and hair care wellness products for our customers. We are excited to be part of a larger organization that shares the same commitment to our core customer values. Together, we plan to accelerate our innovation and offer more unique quality of life (QoL) health and wellness products to our customers, while also closely integrating our products and marketing with the already robust iGenius sales and marketing network. That is good news for Renu customers, suppliers and employees.”

    Victor Oviedo concluded, “We are consistently taking a diversified approach to our innovation, strategic partnerships, global expansion and corporate citizenship to fuel sustainable, long-term growth, which we strive for and seek to achieve year-over-year. We believe that the strength of our balance sheet and cash position, along with our consistent focus on our core fundamentals, will generate sustainable long-term value for all stakeholders.”

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are in the process of creating a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect, among others, that we will be able to integrate the historic operations of Renu on a timely basis and in the absence of unexpected delays or difficulties, that Renu will be able to increase the scale and scope of its operations and product offerings beyond its historic levels through use of our expansion capital and by taking advantage of our existing sales and marketing channels. We plan to do this by, among others, investing the funds we believe are necessary to develop at Renu the infrastructure necessary to achieve these goals. This includes, among others, the on-boarding of additional sales, marketing, customer support and product development personnel, and the development and implementation of a corresponding marketing strategy. Despite our best efforts, there can be no assurance that we will be able to achieve these objectively on a timely basis, if at all, as there can be no assurances that we will be able to expand Renu’s historic scope and scale of operations, and absent such expansion, the acquisition would only be modestly accretive, if at all. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    The MIL Network –

  • MIL-OSI: TAB Bank Powers Major Metal Manufacturer’s Expansion with $4 Million Infusion

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) — TAB Bank closed a $4 million working capital facility with a rapidly growing, full-service metal manufacturer serving the aerospace, defense, medical, marine and renewable energy industries. The partnership will help the manufacturer consolidate two newly acquired machine shops and expand its operations to meet increased demand.

    The manufacturer has built a reputation for exceeding customer expectations with high-precision CNC milling and contract manufacturing services. The company serves major aerospace clients, such as Boeing, Blue Origin, the Department of Defense, SpaceX suppliers and other leading contractors. Its recent acquisition of two additional machine shops has positioned the business to scale further.

    “The machine shop consolidation starts a critical growth phase for the company, and we’re excited to be a part of it,” said Ryan Gabriel, TAB’s Business Development Officer covering the Pacific Northwest. “We customized this $4 million working capital facility deal specifically to the manufacturer’s needs so it can continue to streamline operations and optimize performance while delivering innovative solutions to its clients.”

    With $18 million in sales in 2023 and projections of $24 million for 2024, the business is well-positioned for sustained growth.

    TAB Bank provides tailored financial solutions, including working capital facilities, term loans and equipment financing, to help companies like this manufacturer grow and thrive in competitive industries.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    Ryan Gabriel is TAB Bank’s Vice President and Business Development Officer based in Seattle. He has over 20 years of experience in structuring asset-based facilities to meet client needs. He can be reached at 206.391.9886 or at ryan.gabriel@tabbank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network –

  • MIL-OSI: Sword Group: Results for the Third Quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    Consolidated Revenue: €81.7m

    Organic growth: +15.3% (i)

    EBITDA Margin: 12.0%

    (i) on a like-for-like basis and at constant exchange rates

    KEY FIGURES
    For the 3rd quarter of 2024, consolidated revenue is €81.7m and EBITDA margin is 12.0%, or €9.8m.
    At 30 September, consolidated revenue is €238.6m, with EBITDA margin of 12.0%, or €28.7m.

    Q3 2024 ACCOUNTS

    €m

    non audited figures

    		 2024 2023 Organic

    Growth (i)
    Revenue 81.7 70.6 +15.3%
    EBITDA 9.8 8.5 –
    EBITDA Margin 12.0% 12.1% –

    (i) on a like-for-like basis and at constant exchange rates

    ACCOUNTS AS AT 30 SEPTEMBER 2024

    €m

    non audited figures

    		 2024 2023 Organic Growth (i)
    Revenue 238.6 216.7 +15.5%
    EBITDA 28.7 26.3 –
    EBITDA Margin 12.0 % 12.1% –

    (i) on a like-for-like basis and at constant exchange rates

    ANALYSIS

    The Group is on track with its forecasts, and is preparing its 2025 budgets by incorporating its new M&A strategy.

    EVENT OF THE QUARTER

    The INCOR company was integrated into the Group in the 3rd quarter of 2024.

    This entity will enable us to enter the German-speaking Swiss market, which is larger than the market in which the Group currently operates, namely Frenchspeaking Switzerland.

    OUTLOOK

    The Group confirms its annual targets for 2024 in terms of both revenue and EBITDA margin.

    Agenda

    23/01/25: Publication of Q4 2024 Revenue

    12/03/25: 2024 Annual Results Presentation meeting 10am | Paris

    About Sword Group

    Sword has 3,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age.

    As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.

    Sword optimises your processes and enhances your data.

    Contact: investorrelations@sword-group.lu 

    Attachment

    The MIL Network –

  • MIL-OSI: Capgemini announces ‘augmented engineering’ offerings powered by Gen AI

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Florence Lièvre
    Tel.: +33 1 47 54 50 71
    Email: florence.lievre@capgemini.com

    Capgemini announces ‘augmented engineering’ offerings powered by Gen AI

    The Group is extending its generative AI portfolio of services with new offerings tailored for engineering and R&D. The new services will help organizations unlock the value of Gen AI to accelerate R&D and augment engineering1at all stages of the product development lifecycle

    Paris, October 24, 2024 – Capgemini is extending its Gen AI portfolio of services with the launch of engineering and R&D-specific Generative AI (Gen AI) infused solutions for clients to accelerate innovation, streamline engineering and R&D processes with high-level automation, and the ability to unlock new discoveries. As a world leader in engineering and R&D services with deep industry knowledge, and a leading player in the AI market, Capgemini is well positioned to help organizations transform their engineering and R&D processes and accelerate towards a more intelligent industry.

    With “augmented engineering”, Gen AI takes data-driven engineering and R&D to the next level. The adoption of a hybrid AI approach, combining Gen AI and AI with other kinds of engineering and scientific models, enables the delivery of outcomes with the precision, quality, regulatory compliance, and correctness required in engineering and science across industries. Engineering requires the ability to capture detailed data in many forms. For example, there is a vast difference in engineering application between a photo-realistic video and the schematic diagrams of an airliner avionics system, even if both are represented graphically.
    Designed to help clients reap immediate benefits from Gen AI, augment engineering processes with AI, and accelerate the creation of new smart products and services, the first set of Capgemini’s Gen AI offerings for engineering and R&D includes:

    • “Augmented R&D Discovery”: to accelerate scientific discovery, streamline R&D processes, identify novel scientific approaches, and generate new formulations. It augments research teams to reduce lead time for R&D discovery with data and AI-driven research hubs, reasoning engines, and digital R&D backbones needed to automate and orchestrate R&D processes, accelerate innovation – and unlock new discoveries in formulation-based industries. Example of applications include new drugs, aircraft fuel composition, tyre properties, components substitution in food, beverage and cosmetics.
    • “Augmented Software Product Engineering”: an agent-based asset framework and associated consulting and engineering services to provide a uniquely holistic approach to improving product creativity and quality, development efficiency, and developer experience. Includes software lifecycle accelerators addressing product requirements optimization, code creation, product generation, and code migration.
    • “Augmented Product Support & Services”: a Gen AI-enabled assistant to streamline software product support – making life easier for both support engineers and their customers in different industries e.g. telecommunications, industrial IoT or MedTech. Gen AI significantly reduces and automates product support work such as self-service deflection, guided remediation, while also removing linguistic barriers. It enables organizations to improve digital experience.
    • “Augmented Product Technical Publications”: technical publications are regulatory-required documents providing all necessary information for the effective operation, installation, maintenance, and servicing of a manufactured product and its components. Capgemini has designed a technical publications factory model, custom-built production workflow assistant to reduce data retrieval time from hours to minutes, and to shorten publication authoring time from weeks to days.

    “Gen AI has the potential to turn innovative technology into engineering value, with products and services reaching new levels of intelligence and effectiveness. Our set of new ‘Augmented Engineering’ solutions are designed to take engineering and R&D to their next level and help clients to accelerate towards more intelligent products and services,” comments Franck Greverie, Chief Technology Officer, Chief Portfolio Officer and Group Executive Board Member at Capgemini. “We are proud to be the preferred partner of industry leaders to support their ongoing transformation of engineering and R&D processes and help them drive innovation and breakthrough discoveries. Given the demanding context of engineering that requires precision, regulatory compliance and risk tolerance, we are developing tailored solutions, augmented with Gen AI, to empower researchers, streamline processes and unlock substantial creativity and high-quality outcomes.”

    Recognized as a Leader in AI and engineering
    Capgemini was named a Leader in The Forrester Wave™: AI services, Q2 2024, among nine vendors evaluated on 19 criteria, grouped by current offering, strategy, and market presence. It was also recognized as a Leader in 2024 Zinnov Zones Ratings for its overall Engineering, Research and Development and Digital Engineering Services.

    The Group announced in July 2023 an investment plan of €2 billion over 3 years to strengthen its leadership in AI and has already trained over 120K team members on generative AI tools, thanks to its Gen AI Campus. It has established a dedicated generative AI practice to rapidly scale its capability, solutioning and delivery, as well as a Generative AI Lab to follow the evolution of the technology and research the most relevant use cases and collaborations with businesses or academia for clients, and a dedicated platform, RAISE (Reliable AI Solution Engineering), to industrialize its custom Gen AI projects.

    Capgemini is also investing in its portfolio, to customize the uses cases and offers by industry, to build next-generation AI solutions for enterprises, and to generate more value for its clients, and in its partnerships, such as with Google Cloud, Microsoft, Salesforce, AWS, Mistral AI, and Liquid AI.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.

    Get The Future You Want | www.capgemini.com

    1 Capgemini’s approach, ‘Augmented Engineering’, powered by Gen AI in combination with AI and other types of engineering and scientific models, is defined to manage the demanding context of engineering, that requires precision, regulatory compliance and risk tolerance.

    Attachment

    The MIL Network –

  • MIL-OSI: Sift Reinvents Account Takeover Prevention Across the Consumer Journey, Integrates with Leading CIAM Platforms

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today announced its latest quarterly product update, featuring an enhanced solution to protect businesses from account takeover (ATO) fraud throughout the entire consumer journey. Sift’s detailed analysis of its customers shows that its ATO solution prevents an average of $1.9 million per week in fraud losses per customer. Its comprehensive approach ensures that organizations can safeguard their users from point of login to post-transaction, addressing the growing threat of ATO that resulted in nearly $13 billion in losses in 2023 alone.

    Fueled by a digitally-driven economy, ATO attacks increased 24% in Q2 2024 compared to the same period last year, when attacks skyrocketed by 354% according to Sift research from 2023. Traditional solutions that seek to stop account theft only at the point of login often fall short, leaving businesses vulnerable to attacks that occur at different points of the consumer journey. Exacerbating the problem is that ATO often lives between the cracks within organizations, making it an “orphan” threat with no clear owner between Fraud and Security departments. Sift allows these departments to collaborate and take ownership of ATO by uniting data and workflows that are accessible to both.

    Key Advancements with new Sift ATO solution:

    • Identity-Centric Accuracy: AI-powered insights, real-time behavioral analysis, and expanded device fingerprinting provide richer context around risk and user intent throughout the consumer journey.
    • Powerful Integrations: Unify and extend existing Customer Identity Access Management (CIAM) workflows through low-code integrations, including Ping Identity PingOne DaVinci and Okta Auth0, accelerating time to value and strengthening identity management investments across the security tech stack.
    • Fine-Tuned Controls: Robust MFA capabilities and continuous monitoring after login deliver precise friction at the session level. Pre-built, industry-specific automations generate immediate impact out of the box.

    “Account takeover is a deeply connected problem that impacts multiple facets of a business, from cybersecurity to finance,” said Raviv Levi, Chief Product and Technology Officer at Sift. “Traditional approaches often result in fragmented data and incomplete insights, making it difficult to fully understand and mitigate the impact of ATO. Sift’s unique approach unites departments and data, providing a single source of truth for ATO prevention and removing barriers to revenue.”

    Additional innovations from Sift this quarter include advanced behavior signals and VIP Fast Pass controls for high velocity transaction industries like iGaming and Fintech, as well as expanded RiskWatch functionality for faster, more insightful manual reviews.

    For more information about Sift’s revamped ATO solution and other innovations, visit the Sift Blog here.

    About Sift
    Sift is the AI-powered fraud platform securing digital trust for leading global businesses. Our deep investments in machine learning and user identity, a data network scoring 1 trillion events per year, and a commitment to long-term customer success empower more than 700 customers to grow fearlessly. Brands including DoorDash, Yelp, and Poshmark rely on Sift to unlock growth and deliver seamless consumer experiences. Visit us at sift.com and follow us on LinkedIn.

    Media Contact:
    Victor White
    VP, Corporate Communications, Sift
    press@sift.com

    The MIL Network –

  • MIL-OSI: Cegedim: Revenue growth continued in the third quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

         
     

    PRESS RELEASE

    Quarterly financial information as of September 30, 2024
    IFRS – Regulated information – Not audited

    Cegedim: Revenue growth continued in the third quarter of 2024

    • Revenue of €156.8 million in Q3 2024, up 5.7%
    • Marketing, BPO, HR, and cloud businesses led the way
    • Revenue for the first nine months of 2024 grew 5.9% to €475.8 million

    Boulogne-Billancourt, France, October 24, 2024, after the market close.
    Revenue

      Third quarter Change Q3 2024 / 2023
    in millions of euros 2024 2023
    reclassified(1)    		 Reclassification(1) 2023
    Reported    		 Reported
    vs. reclassified(1)    		 Like for like(2)(3)
    vs. reclassified(1)
    Software & Services 75.6 76.0 -4.8 80.8 -0.5% -4.2%
    Flow 23.7 22.4 -0.4 22.8 5.5% 5.4%
    Data & Marketing 28.2 24.1 0.0 24.1 17.0% 17.1%
    BPO 21.6 19.0 0.0 19.0 13.9% 13.9%
    Cloud & Support 7.7 6.8 +5.2 1.6 12.5% 12.5%
    Cegedim 156.8 148.3 0.0 148.3 5.7% 3.8%
      First 9 months Change 9M 2023 / 2022
    in millions of euros 2024 2023
    reclassified(1)    		 Reclassification(1) 2023
    Reported    		 Reported
    vs. reclassified(1)    		 Like for like(2)(4)
    vs. reclassified(1)
    Software & Services 227.7 226.6 -15.7 242.3 0.5% -2.6%
    Flow 73.2 69.2 -1.8 71.0 5.7% 5.6%
    Data & Marketing 87.5 79.0 0.0 79.0 10.8% 10.8%
    BPO 61.5 51.8 0.0 51.8 18.8% 18.8%
    Cloud & Support 25.8 22.6 +17.5 5.1 13.9% 13.9%
    Cegedim 475.8 449.3 0.0 449.3 5.9% 4.3%

    Cegedim posted consolidated third quarter revenues up 5.7% as reported and 3.8% like for like(2) compared with the same period in 2023. Revenues to end-September rose 5.9% as reported and 4.3% like for like compared with 9M 2023. Marketing, BPO, HR, and cloud businesses all delivered solid growth in the third quarter. As expected, the Software & Services division felt the impact of comparisons with Ségur public health investment spending in 2023 and a slowdown in international sales owing to the decision to refocus the Group’s UK doctor software activities on Scotland.
    Analysis of business trends by division 

    Software & Services

    Software & Services Third quarter Change Q3 2024 / 2023 First 9 months Change 9M 2024 / 2023
    in millions of euros 2024 2023 reclassified(3) Reported vs. reclassified(1) Like for like(2)
    vs.
    reclassified(1)    		 2024 2023
    reclassified(1)    		 Reported vs. reclassified(1) Like for like(2)
    vs.
    reclassified(1)
    Cegedim Santé 20.1 18.6 8.0% -6.2% 58.9 58.4 0.9% -9.8%
    Insurance, HR, Pharmacies,
    and other services    		 42.7 43.9 -2.7% -2.7% 129.5 128.4 0.9% 0.8%
    International businesses 12.8 13.5 -5.0% -6.1% 39.3 39.8 -1.3% -2.8%
    Software & Services 75.6 76.0 -0.5% -4.2% 227.7 226.6 0.5% -2.6%

    Revenues at Cegedim Santé grew 8.0% as reported in the third quarter but fell 6.2% like for like. We did not fully meet our 2024 goal of offsetting last year’s Ségur impact and keeping like-for-like sales stable, but we are closing the gap with each quarter. Reported growth figures include Visiodent as of March 1, 2024. Visiodent’s gradual transition to Cegedim Group products for scheduling, databases, and so on is generating internal sales, which do not appear in the consolidated scope.

    Other French subsidiaries had a challenging quarter, with revenues down 2.7%. We saw positive growth at our insurance businesses, thanks to robust project-based sales, and in HR, which is still getting a boost from its client diversification strategy. Conversely, the €2 million in Ségur public health investment subsidies we recorded in Q3 2023 made for a demanding comparison in the pharmacy business, where equipment sales also flagged after accelerating last year.

    Internationally, revenues from software sales to UK doctors declined, as expected, following the decision to refocus the activity on Scotland.

    Flow

    Flow Third quarter Change Q3 2024 / 2023 First 9 months Change 9M 2024 / 2023
    in millions of euros 2024 2023
    reclassified(1)    		 Reported vs. reclassified(1) Like for like(2)
    vs. reclassified(1)    		 2024 2023 reclassified(1) Reported vs. reclassified(1) Like for like(2)
    vs. reclassified(1)
    e-business 13.5 13.5 -0.2% -0.4% 43.5 41.3 5.1% 4.8%
    Third-party payer 10.2 8.9 14.3% 14.3% 29.7 27.9 6.7% 6.7%
    Flow 23.7 22.4 5.5% 5.4% 73.2 69.2 5.7% 5.6%

    Third-quarter growth in e-business, e-invoicing, and digitized data exchanges was nearly flat, at -0.2%. Healthcare flows offset a relative slowdown in the Invoicing & Procurement segment, which last year enjoyed sustained growth in France ahead of the e-invoicing reform scheduled to take effect July 1, 2024, but which has since been postponed to September 2026.

    The digital data flow business dealing with reimbursement of healthcare payments in France (Third-party payer) experienced 14.3% yoy growth in Q3. It was boosted by strong growth in demand for its fraud and long-term illness detection offerings.

    Data & Marketing

    Data & Marketing Third quarter Change Q3 2024 / 2023 First 9 months Change 9M 2024 / 2023
    in millions of euros 2024 2023 reclassified(1) Reported vs. reclassified(1) Like for like(2)
    vs. reclassified(1)    		 2024 2023 reclassified(1) Reported vs. reclassified(1) Like for like(2)
    vs. reclassified(1)
    Data 15.1 14.6 3.4% 3.4% 43.1 43.4 -0.7% -0.7%
    Marketing 13.1 9.5 38.0% 38.0% 44.4 35.6 24.8% 24.8%
    Data & Marketing 28.2 24.1 17.0% 17.1% 87.5 79.0 10.8% 10.8%

    Data business posted 3.4% yoy growth in the third quarter, resulting in nearly stable growth over nine months. Growth was led by French sales, which were more dynamic than international sales.

    The Marketing segment had a record third quarter, up 38% owing to special ad campaigns during the Olympics. The rising popularity of our phygital media offerings in pharmacies helped the segment post 24.8% growth over the first nine months.

    BPO

    BPO Third quarter Change Q3 2024 / 2023 First 9 months Change 9M 2024 / 2023
    in millions of euros 2024 2023 reclassified(1) Reported vs. reclassified(1) Like for like(2)
    vs. reclassified(1)    		 2024 2023 reclassified(1) Reported vs. reclassified(1) Like for like(2)
    vs. reclassified
    Insurance BPO 15.9 13.8 15.7% 15.7% 44.6 35.9 24.2% 24.2%
    Business Services BPO 5.7 5.2 +9.2% +9.2% 16.9 15.9 6.5% 6.5%
    BPO 21.6 19.0 13.9% 13.9% 61.5 51.8 18.8% 18.8%

    The Insurance BPO business grew by more than 15.7% over the third quarter, chiefly owing to its overflow business, which has been flourishing since the start of the year. Growth over nine months amounted to 24.2%, partly thanks to a favorable comparison stemming from the April 1, 2023, launch of the Allianz contract.

    Business Services BPO (HR and digitalization) continues to report strong growth, up 9.2% yoy over the quarter on the back of a popular compliance offering and new clients.

    Cloud & Support

    Cloud & Support Third quarter Change Q3 2024 / 2023 First 9 months Change 9M 2024 / 2023
    in millions of euros 2024 2023
    reclassified(4)    		 Reported vs. reclassified(1) Like for like(2)
    vs.
    reclassified(1)    		 2024 2023
    reclassified(1)    		 Reported vs. reclassified(1) Like for like(2)
    vs.
    reclassified(1)
    Cloud & Support 7.7 6.8 12.5% 12.5% 25.8 22.6 13.9% 13.9%

    The Cloud & Support division’s trajectory continued over the third quarter, with growth of 12.5% reflecting our expanded range of sovereign cloud-backed products and services.

    Highlights

    Apart from the items cited below, to the best of the company’s knowledge, there were no events or changes during Q3 2024 that would materially alter the Group’s financial situation.

    • New financing arrangement

    On July 31, 2024, Cegedim announced that it had secured a new financing arrangement consisting of a €230 million syndicated loan. The arrangement is split into €180 million of lines drawn upon closing to refinance the Group’s existing debt (RCF and Euro PP, which were to mature in October 2024 and October 2025 respectively) and an additional, undrawn revolving credit facility (RCF) of €50 million. This new financing arrangement will bolster the Group’s liquidity and extend the maturity of its debt to, respectively, 5 years (€30 million, payments every six months); 6 years (€60 million, repayable upon maturity); and 7 years (€90 million, repayable upon maturity).

    Significant transactions and events post September 30, 2024

    To the best of the company’s knowledge, there were no post-closing events or changes after September 30, 2024, that would materially alter the Group’s financial situation.

    Outlook

    Based on the currently available information, the Group expects 2024 like-for-like revenue(1) growth to be towards the lower end of the 5-8% range relative to 2023. That said, we still expect recurring operating income to continue to improve.
    These targets are not forecasts and may need to be revised if there is a significant worsening of geopolitical, macroeconomic, or currency risks.

    —————

    Webcast on October 24, 2024, at 6:15 pm (Paris time)
    The webcast is available at: www.cegedim.fr/webcast
     

    The Q3 2024 revenue presentation is available here:
    https://www.cegedim.fr/documentation/Pages/presentation.aspx

    Financial calendar:

    2025 January 29 after the close

    March 27 after the close

    March 28 at 10:00 am

    April 24 after the close

    June 13 at 9:30

    July 24 after the close

    September 25 after the close

    September 26 at 10:00 am

    October 23 after the close

    		 2024 revenue

    2024 results

    SFAF meeting

    Q1 2025 revenue

    Shareholders’ general meeting

    H1 2025 revenue

    H1 2025 results

    SFAF meeting

    Q3 2025 revenue

    Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx

    Disclaimer
    This press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim’s authorized distributor on October 24, 2024, no earlier than 5:45 pm Paris time.
    The figures cited in this press release include guidance on Cegedim’s future financial performance targets. This forward-looking information is based on the opinions and assumptions of the Group’s senior management at the time this press release is issued and naturally entails risks and uncertainty. For more information on the risks facing Cegedim, please refer to Chapter 7, “Risk management”, section 7.2, “Risk factors and insurance”, and Chapter 3, “Overview of the financial year”, section 3.6, “Outlook”, of the 2023 Universal Registration Document filled with the AMF on April 3, 2024, under number D.24-0233.

    About Cegedim:
    Founded in 1969, Cegedim is an innovative technology and services group in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs more than 6,500 people in more than 10 countries and generated revenue of €616 million in 2023.
    Cegedim SA is listed in Paris (EURONEXT: CGM).
    To learn more please visit: www.cegedim.fr
    And follow Cegedim on X: @CegedimGroup, LinkedIn, and Facebook.

    Aude Balleydier
    Cegedim
    Media Relations
    and Communications Manager

    Tel.: +33 (0)1 49 09 68 81
    aude.balleydier@cegedim.fr

    		 Damien Buffet
    Cegedim
    Head of Financial
    Communication

    Tel.: +33 (0)7 64 63 55 73
    damien.buffet@cegedim.com

    		 Céline Pardo
    Becoming RP Agency
    Media Relations Consultant

    Tel.:        +33 (0)6 52 08 13 66
    cegedim@becoming-group.com

    		  

    Annexes

    Breakdown of revenue by quarter and division

    Year 2024

    In € million   Q1 Q2 Q3 Q4 Total
    Software & Services   74.3 77.8 75.6   227.7
    Flow   25.3 24.2 23.7   73.2
    Data & Marketing   27.0 32.3 28.2   87.5
    BPO   20.2 19.7 21.6   61.5
    Cloud & Support   9.0 9.1 7.7   25.8
    Group revenue   155.9 163.1 156.8   475.8

    Year 2023

    In € million   Q1
    reclassified    		 Q2
    reclassified    		 Q3

    reclassified

    		 Q4
    reclassified    		 Total
    reclassified
    Software & Services   74.4 76.2 76.0   226.6
    Flow   24.0 22.8 22.4   69.2
    Data & Marketing   24.6 30.3 24.1   79.0
    BPO   14.4 18.4 19.0   51.8
    Cloud & Support   8.4 7.4 6.8   22.6
    Group revenue   145.9 155.1 148.3   449.4

    Breakdown of revenue by geographic zone, currency and division at September 30, 2024

    as a % of consolidated revenues   Geographic zone   Currency
      France EMEA
    ex. France    		 Americas   Euro GBP Other
    Software & Services   82.8% 17.1% 0.1%   86.2% 12.0% 1.7%
    Flow   91.9% 8.1% 0.0%   94.5% 5.5% 0.0%
    Data & Marketing   97.9% 2.1% 0.0%   98.0% 0.0% 2.0%
    BPO   100.0% 0.0% 0.0%   100.0% 0.0% 0.0%
    Cloud & Support   99.9% 0.1% 0.0%   100.0% 0.0% 0.0%
    Cegedim   90.1% 9.8% 0.1%   92.2% 6.6% 1.2%

    1As of January 1, 2024, our Cegedim Outsourcing and Audiprint subsidiaries—which were previously housed in the Software & Services division—as well as BSV—formerly of the Flow division—have been moved to the Cloud & Support division in order to capitalize on operating synergies between cloud activities and IT solutions integration.

    2At constant scope and exchange rates. The positive currency impact of 0.2% was mainly due to the pound sterling. The positive scope effect of 1.8% was attributable to the first-time consolidation in Cegedim’s accounts of Visiodent starting March 1, 2024.The positive currency impact of 0.1% was mainly due to the pound sterling. The positive scope effect of 1.4% was attributable to the first-time consolidation in Cegedim’s accounts of Visiodent starting March 1, 2024.

    3To take advantage of synergies, Cegedim Outsourcing, Audiprint, and BSV have been reassigned to the Cloud & Support division.At constant scope and exchange rates.

    4To take advantage of synergies, Cegedim Outsourcing, Audiprint, and BSV have been reassigned to the Cloud & Support division.At constant scope and exchange rates.

    Attachment

    The MIL Network –

  • MIL-OSI: Federal Home Loan Bank of New York Announces Third Quarter 2024 Operating Highlights

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter ended September 30, 2024.   

    “Throughout the first nine months of 2024, the Federal Home Loan Bank of New York has continued to successfully execute on our mission, meeting the needs of our members and working together to the benefit of the communities we all serve,” said José R. González, president and CEO of the FHLBNY.

    Highlights from the third quarter of 2024 include:

    • Net income for the quarter was $183.4 million, an increase of $1.5 million, or 0.8%, from net income of $181.9 million for the third quarter of 2023. Net interest income for the quarter was $237.2 million, a decrease of $5.3 million, or 2.2%, from $242.4 million in the third quarter last year. Non-interest income increased by $23.3 million in the third quarter of 2024 compared with the prior year’s quarter, mainly due to an increase in unrealized fair value gains on derivatives, hedged items and trading securities. Non-interest expense increased by $16.2 million to $68.4 million in the third quarter of 2024, primarily due to larger voluntary contributions for housing and community development initiatives and increases in headcount.
    • Return on average equity (“ROE”) for the quarter was 8.29% (annualized), compared to ROE of 9.13% for the third quarter of 2023.
    • As of September 30, 2024, total assets were $155.5 billion, a decrease of $2.8 billion, or 1.8%, from total assets of $158.3 billion at December 31, 2023.  As of September 30, 2024, advances were $106.4 billion, a decrease of $2.5 billion, or 2.3%, from $108.9 billion at December 31, 2023.   
    • As of September 30, 2024, total capital was $8.4 billion, an increase of $0.2 billion from total capital of $8.2 billion at December 31, 2023.  The FHLBNY’s retained earnings increased by $0.2 billion to $2.5 billion as of September 30, 2024, of which $1.3 billion was unrestricted retained earnings and $1.2 billion was restricted retained earnings.  At September 30, 2024, the FHLBNY met its regulatory capital ratios and liquidity requirements.
    • The FHLBNY allocated $20.4 million from its third quarter 2024 earnings for its Affordable Housing Program.

    The FHLBNY expects to file its Form 10-Q for the third quarter of 2024 with the U.S. Securities and Exchange Commission on or before November 7, 2024.

       
    Selected Balance Sheet Items (dollars in millions)  
      September 30,     December 31,        
      2024     2023     Change  
                     
    Advances $ 106,435     $ 108,890     $ (2,455 )
    Mortgage loans held for portfolio 2,308     2,180     128  
    Mortgage-backed securities 19,736     19,582     154  
    Liquidity assets 24,581     25,340       (759 )
    Total assets $ 155,454     $ 158,333     $ (2,879 )
                     
    Consolidated obligations $ 143,809     $ 145,476     $ (1,667 )
    Capital stock 6,014     6,050       (36 )
    Unrestricted retained earnings 1,309     1,277     32  
    Restricted retained earnings 1,178     1,061     117  
    Accumulated other comprehensive income   (85 )     (143 )   58  
    Total capital $ 8,416     $ 8,245     $ 171  
                     
    Capital-to-assets ratio (GAAP) 5.41 %   5.21 %      
    Capital-to-assets ratio (Regulatory) 5.47 %   5.30 %      
                     
                     
     
    Operating Results (dollars in millions)
      Three Months Ended
    September 30,    		           Nine Months Ended
    September 30,         		        
      2024     2023   Change     2024     2023   Change  
                                       
    Total interest income $ 2,316.6     $ 2,030.7     $ 285.9     $ 6,916.0     $ 6,264.1     $ 651.9  
    Total interest expense 2,079.4     1,788.3     291.1     6,166.1     5,517.2     648.9  
    Net interest income 237.2     242.4     (5.2 )   749.9     746.9     3.0  
    Provision (Reversal) for credit losses 0.1     (0.1 )   0.2     (0.7 )   1.8     (2.5 )
    Net interest income after provision for credit losses 237.1     242.5     (5.4 )   750.6     745.1     5.5  
    Non-interest income (loss) 35.1     11.8     23.3     88.2     70.7     17.5  
    Non-interest expense 68.4     52.2     16.2     188.5     153.3     35.2  
    Affordable Housing Program assessments 20.4     20.2     0.2     65.1     66.3     (1.2 )
    Net income $ 183.4     $ 181.9     $ 1.5     $ 585.2     $ 596.2     $ (11.0 )
                                       
    Return on average equity 8.29 %   9.13 %         9.09 %   9.54 %      
    Return on average assets 0.43 %   0.48 %           0.46 %   0.48 %        
    Net interest margin 0.56 %   0.64 %         0.59 %   0.60 %      
                                       

    Federal Home Loan Bank of New York
    The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of September 30, 2024, the FHLBNY serves 338 financial institutions and housing associates in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the FHLBNY is to provide members with reliable liquidity in support of housing and local community development.

    Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
    This report may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the Risk Factors set forth in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC, as well as regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update publicly any forward-looking statements for any reason.

    CONTACT:
    Brian Finnegan
    (212) 441-6877
    brian.finnegan@fhlbny.com   

    The MIL Network –

  • MIL-OSI: WOOFi Swap to deliver institutional-grade liquidity on Solana

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, Saint Vincent and the Grenadines, Oct. 24, 2024 (GLOBE NEWSWIRE) — WOOFi, the omnichain decentralized exchange platform, has launched its Synthetic proactive market maker (sPMM) on the Solana network, supporting SOL and USDC trading pairs. This will strengthen Solana’s institutional-grade liquidity offerings, utilizing centralized market-making strategies while preserving the self-custody benefits of decentralized finance.

    “Solana is the largest hub of onchain users having surpassed Ethereum in volumes in 2024, and we can’t overstate how excited we are to be finally deploying there. Once we are confident with the initial liquidity provision strategies, WOOFi will scale to support more Solana-native assets, including staking derivatives like staked SOL (S-SOL) and other major tokens, as well as WOOFi Pro, the decentralized perp dex. This gradual rollout is strategic for ensuring a stable and impactful long-term presence for WOOFi on the Solana network,” said Ben Yorke, VP of Ecosystem.

    WOOFi’s long-term vision is to become a DeFi hub, offering services like spot trading, futures, and staking through a self-custody platform that mirrors the functionality of centralized exchanges. Already live across 11 EVM networks, WOOFi is building an omnichain platform where users can access trading and earning tools from their favorite chain, simplifying the process while ensuring network reliability.

    This deployment marks the start of WOOFi’s strategy to introduce institutional liquidity and advanced DeFi tools to Solana, optimizing performance and enhancing the overall user experience by leveraging Solana’s Rust-based infrastructure. As a high-performance, low-cost blockchain, Solana elevates WOOFi’s potential for growth. Solana aims to match the speed of traditional financial systems like NASDAQ, ensuring that critical market data reaches all users simultaneously without delay. The platform achieves this through the Nakamoto coefficient, which assesses the level of decentralization in a blockchain network.

    To learn more about WOOFi, download our app or visit WOOFi

    Contact us: media@woo.network

    About WOOFi
    WOOFi is a leading decentralized exchange (DEX) with over $42B in cumulative trading volume and more than 250k monthly active users. It supports 11 blockchains and offers a diverse range of products, including earn vaults, simple swaps, cross-chain swaps, and perpetual futures. The native token of WOOFi, WOO, can be staked to share 80% of all protocol fees.

    Disclaimer
    The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

    WOOFi does NOT endorse, guarantee, or provide advice for any products or services of its business partners. This cooperation shall in no event be interpreted as an assurance or guarantee for the airdrop of any tokens, whether presently existing or to be generated in the future, on WOOFi or any associated platforms, nor does it imply any commitment from WOOFi to airdrop any tokens on its platforms or others.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e48472e0-d7e9-4b3a-a526-98e87462085a

    The MIL Network –

  • MIL-OSI: 3PLs Balance Decreasing Order Volumes and Rising Costs While Maximizing Technology and Capacity to Achieve New Industry Standards

    Source: GlobeNewswire (MIL-OSI)

    EL SEGUNDO, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) — Extensiv — a leading provider of warehouse, order, and inventory management software to the third-party logistics (3PL) industry and the brands they serve, today announced the results of its fifth annual Third-Party Logistics (3PL) Warehouse Benchmark Report. The readout is the only benchmark report focused exclusively on the 3PL warehouse industry. This year’s report revealed decreased order volume growth, increased profitability for those operating at high warehouse capacity (over 80% capacity), and a convergence between AI advancement and network fulfillment points for 2025.

    The Third-Party Logistics Warehouse Benchmark Report aggregates data from more than 250 3PL warehouses and provides insight on more than 30 industry-specific topics. The report builds on prior data and provides year-over-year changes and trends to help warehouses understand market growth opportunities and industry challenges.

    Key takeaways from the 2024 report include:

    • Adapting to Challenges is Key. The 3PL industry is navigating through tough times with slowing growth in order volumes and profitability (only 69% reported progress on profitability in 2024). Yet, businesses are showing resilience and adaptability. 3PL’s operating at larger scales seem to be best suited for navigating today’s market volatility.
    • AI is the Future. Artificial Intelligence (AI) is gaining traction, with significant interest in its applications for optimizing various aspects of warehouse operations. The number of respondents saying they were looking into AI rose sharply from 16% last year to 25% this year. While the industry is still exploring the best use cases, integrations with AI are looking like an inevitability.
    • Fourth-party Fulfillment Strategies. There is a clear trend towards adding warehouses to obtain geographic disbursement. The percentage of organizations with 2 to 5 warehouses has followed an upward trajectory by an average of 2% each year. This year, it sits at 51%. This growth also reflects a growing interest in utilizing fourth-party logistics (4PLs) to drive efficiency and reduce risk while strategically positioning inventory to better serve customers.
    • Optimizing Labor. While the percentage of 3PLs expecting to add workers is the lowest it has been in the past four years (57%), the focus has shifted to optimizing labor productivity through management tools and efficiency measures outside of a reliance on robotics. While worries about employee turnover are declining, ensuring maximum efficiency among workers is still top of mind for the industry.
    • Better Billing is Crucial. Cash flow is still king in 2024 and more 3PLs are looking to automate their billing processes to maintain financial stability. This year, the time spent billing customers increased, however those who spent less than 16 hours on billing and invoicing per month were 2.8 times more likely to see high profitability growth. With the correlation between time spent on billing and profitability, more 3PLs are looking for ways to leverage invoicing functions directly within their WMS.

    Other key areas of the report include an outlook for 2025, as well as trends and metrics related to growth opportunities, technology adoption, warehouse operations, and industry challenges. Despite concerns about decreasing order volume and cash flow constraints, 3PLs are approaching 2025 with resilience and optimism.

    “With this, the 5th edition of the 3PL Warehouse Benchmark Report, Extensiv equips 3PLs with the information needed to best navigate the evolving supply chain,” said Aaron Stead, CEO of Extensiv. “It further displays the market leadership position Extensiv holds and connection to the pulse of our industry.”

    To see more critical 3PL trends, download the 2024 Extensiv Third-Party Logistics Warehouse Benchmark Report here. For additional insight, listen to an on-demand discussion of the results.

    About Extensiv

    Extensiv, formerly 3PL Central, is a visionary technology leader focused on creating the future of omnichannel fulfillment. We partner with warehouse professionals and entrepreneurial brands to transform their fulfillment operations in the radically changing world of commerce and consumer expectations. Through our unrivaled network of more than 1,500 connected 3PLs and a suite of integrated, cloud-native warehouse management (WMS), order management (OMS), inventory management (IMS), and integration management software, we enable modern merchants and brands to fulfill demand anywhere with superior flexibility and scale without painful platform migrations as they grow. More than 25,000 logistics professionals and thousands of brands trust Extensiv every day to drive commerce at the pace that modern consumers expect. Learn more at www.extensiv.com.

    Media contact:
    Jill Hillen
    jhillen@extensiv.com

    The MIL Network –

  • MIL-OSI: Rudy R. Miller Instrument Safety Currency Program (ISCP) Embry-Riddle Aeronautical University, College of Aviation, Prescott Campus

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., Oct. 24, 2024 (GLOBE NEWSWIRE) —  The Rudy R. Miller Instrument Safety Currency Program (ISCP) at Embry-Riddle Aeronautical University, College of Aviation, Prescott Campus, was created and funded by Mr. Miller in 2023, with students receiving simulator time starting in Spring 2024. The ISCP was created to build a curriculum that was compliant with federal regulations for instrument currency. Embry-Riddle’s training experts completed that curriculum which was then reviewed and validated by Embry-Riddle’s Chief Instructor, Ryan Albrecht. Once the process was completed and approved, the curriculum was uploaded into the flight systems for logging and tracking of activity.

    Embry-Riddle Aeronautical University, in coordination with the Prescott’s College of Aviation’s Flight Department and Flight Director, Parker Northrup, oversees the administration of the ISCP fund. This program supports flight students in their junior year flight course to maintain the skills they learned in their instrument rating course where focus is spent on learning commercial performance maneuvers and often allows instrument skills to degrade. The ISCP provides simulator time to update the instrument currency as required by Federal Aviation Regulations.

    ISCP RECIPIENTS SPRING 2024

    Christopher Gurule, Aeronautical Science Degree
    Kaleo Mendoza, Aeronautical Science Degree
    Joseph Molitor, Aeronautical Science Degree
    Reza Parva, Aeronautical Science Degree

    Parker Northrup, Chair, Flight Department, College of Aviation, Prescott Campus, said “Mr. Rudy Miller’s engagement and generosity are such a valuable addition to what we strive to do with our students.  ISCP allows us to selectively reinforce the safety culture that depends on maintaining those skills critical to safe instrument flying

    Rudy R. Miller commented, “I would like to thank Parker Northrup and Steve Bobinsky, executive director of philanthropy, for their time plus all their remarkable team members’ assistance in supporting this outstanding program for qualified students. I have really enjoyed working on this project over the past year and plan to stay involved.

    “The future is bright regarding all the numerous new projects, expansions, and improvements that Embry-Riddle, Prescott Campus, is executing, from my perspective. I am currently involved in a total of five Embry-Riddle projects with respect to my personal time involvement and various funding capabilities.”

    About Embry-Riddle Aeronautical University, Prescott Campus

    Embry-Riddle Aeronautical University, Prescott Campus, is organized into four colleges: College of Arts and Sciences, College of Aviation, College of Engineering, and College of Business, Security and Intelligence (the nation’s first), and offers bachelor of science degrees in applied science, aviation, business, computers & technology, engineering, security, intelligence & safety, and space. The Prescott campus also offers master’s degrees in Safety Science, Security & Intelligence, and Cyber Intelligence & Security. The programs in aeronautics, air traffic management, applied meteorology, and aerospace studies are certified by the Federal Aviation Administration (FAA) and is the nation’s first FAA-approved training provider for student airline certification.

    About Rudy R. Miller

    Mr. Rudy R. Miller, a former member of the U.S. Armed Forces, is an entrepreneur, philanthropist, and investor in numerous industries. Mr. Miller is Chairman, President, and CEO of Miller Capital Corporation, an affiliate of The Miller Group of entities; for more information, including Mr. Miller’s biography, visit www.themillergroup.net.

    In 2023, Mr. Miller was selected by Embry-Riddle Aeronautical University to join two influential advisory boards for both the College of Aviation and the College of Business, Security and Intelligence. In addition to joining the advisory boards at Embry-Riddle, he established scholarships for students at both colleges and set up a fund to support simulator training to improve commercial pilot safety, the Rudy R. Miller Instrument Safety Currency Program (ISCP). Mr. Miller instituted the annual Rudy R. Miller Business – Finance Scholarship Program in 2008 to support Arizona State University, W. P. Carey School of Business. Since inception, Mr. Miller has issued three additional ASU scholarships, not included in the annual award process, totaling 23 ASU scholarships to date. Mr. Miller had the honor to serve as a member of ASU’s Dean’s Council of 100, a national group of prominent business executives invited by the Dean to play a leadership role in shaping the future of the W. P. Carey School of Business.

    His philanthropic endeavors include support for the non-profit arts community, selective universities, athletic foundations, and veterans’ projects. He is a member-sponsor of the Army Historical Foundation and the National Museum of the U.S. Army located at Fort Belvoir, VA. He served as Chairman of the Advisory Board of Thunderbird Field II Veterans Memorial, Inc. (Tbird2), an organization that honors veterans, from 2018 until March 2024. Mr. Miller developed its aviation scholarship program and process in 2018 and served as the first Chairman of the Scholarship Committee until June 2023. Tbird2 offers scholarships at six colleges, for both veteran and non-veteran students, including two 4-year universities, Embry-Riddle Aeronautical University and Arizona State University, Ira A. Fulton Schools of Engineering.

    Embry-Riddle Aeronautical University photographer, Connor McShane,
    Director of Enrollment Multimedia, 928 777-6912

    Miller Capital Corporation
    Kristina Caylor
    Vice President Admin & Corporate Controller
    kcaylor@themillergroup.net
    602.225.0505

    Keaton S. Ziem
    Senior Communications Officer
    ziemk@erau.edu
    386.226.4838

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c327597f-75c9-4779-8d41-a0198005c64e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c4c3dcc-9f44-4f68-9963-bda216c15103

    https://www.globenewswire.com/NewsRoom/AttachmentNg/40f71685-00ef-42f4-adbd-d5cefe243886

    The MIL Network –

  • MIL-OSI: Northeast Bank Announces Dates for Fiscal 2025 First Quarter Earnings Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    PORTLAND, Maine, Oct. 24, 2024 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 first quarter earnings results on Tuesday, October 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 30, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.

    To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available via a live webcast, which can be viewed by accessing the Bank’s website at www.northeastbank.com and clicking on the Investor Relations section. To listen to the webcast, attendees are encouraged to visit the website at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. Please note there is a slide presentation that will accompany the webcast. For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com.

    About Northeast Bank

    Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.

    NBN-F

    For More Information:
    Richard Cohen, Chief Financial Officer
    Northeast Bank
    27 Pearl Street, Portland, ME 04101
    207.786.3245 ext. 3249
    www.northeastbank.com

    The MIL Network –