NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: MIL-OSI

  • MIL-OSI United Kingdom: Old School House highly commended at Building Excellence Awards

    Source: City of Sunderland

    Sunderland City Council’s project to transform a former school building into specialist homes has been highly commended at the regional LABC Building Excellence Awards.

    The awards are the largest business to business awards in the building control sector in the UK, and the Old School House in Washington was highly commended in the Best Small Social Housing Development category. 

    The awards recognised the scheme, which restored and extended the former Biddick School to create 15 specialist apartments for vulnerable adults.

    The new apartments were completed by JDDK Architects and Brims Construction after being developed by the council’s Housing Development Team as part of plans to deliver more homes for the residents most at need in the city. Under these plans, the city council is providing much-needed homes and one-storey accommodation for people living with disabilities as well as older residents.

    All apartments at the Old School House benefit from a high-quality specification developed with the end user in mind and the development boasts a landscaped courtyard for residents to enjoy, including seating designed by a local artist. 

    Councillor Kevin Johnston, Sunderland City Council’s Cabinet Member for Housing, Regeneration and Business, said: “We’re absolutely delighted to have been highly commended for the housing scheme at Washington Old School.  

    “These homes have been specially designed to meet the needs of vulnerable adults, so we’re delighted that the Old School House is making such a positive difference to residents’ lives and that this has been recognised.

    “This scheme sits beautifully alongside a community of homes that we developed as a local authority in 2021. It is just the latest project we have carried out to ensure the city benefits from a wider range of properties to support the needs of vulnerable residents and those living with disabilities.”

    JDDK Architects put the project forward for the award. Speaking about the work that went into the scheme, JDDK’s Associate Director Matthew Holmes said: “Working on this scheme was a challenge but the results speak for themselves, and this is down to the great team that worked together throughout the project.”

    MIL OSI United Kingdom –

    September 29, 2024
  • MIL-OSI Security: The Force and Technological Singularity

    Source: United Kingdom National Police Chiefs Council

    This week, as part of the first ever Modernising Policing week, the National Police Chiefs’ Council (NPCC) will shine a light on the areas being explored to transform law enforcement nationally.

    Today, we present “Thin Digital Line”, an innovative new podcast series led by Exception, the innovative Digital Transformation specialist, and former Deputy Chief Constable of Lincolnshire Police and NPCC Drugs Lead, Jason Harwin KPM.

    This six-episode series (which is now available across all major podcast platforms) explores how emerging technologies and data could shape British policing, discussing the impact of digital advancements on the future of law enforcement.

    Each episode features in-depth discussions between Jason and senior leaders from NPCC and forces, offering unique insights into the transformative potential for policing.

    Jason Harwin KPM, host of Thin Digital Line, added

    “This series is not just about predicting the future, but also about preparing for it. We are entering an era where AI, digitisation, and cyber will revolutionise the way the service operates. It’s essential that we start this dialogue now, to ensure that policing continues to evolve alongside society. Through these conversations with distinguished colleagues from the NPCC and various forces, we hope to shed light on how policing is adapting to these fast-emerging trends.”

    Chief Constable Gavin Stephens, NPCC chair and guest on Thin Digital Line, added:

    “The Thin Digital Line series offers valuable insights into the ways in which policing could navigate an increasingly digital world. It offers a glimpse into our digital priorities, explores how our approach is already being shaped by digital advancement and looks at how we might adapt our service ahead of the year 2045.”

    Episode one features Gavin Stephens QPM, and Tony Blaker QPM, Digital, Data and Technology Coordination Committee Chief of Staff. It explores the concept of technological singularity and its implications for policing, delving into how advancements in AI and automation could transform the future of law enforcement, including the roles of human officers versus machines.

    You can listen to it here:

    As part of the first ever Modernising Policing week, the NPCC will shine a light on the areas being explored to transform law enforcement nationally. Throughout the week you will see updates from the teams working to transform policing, from those working in data, facial recognition, AI, and more. We will also be highlighting the work of our partners, such as the Office of the Police Chief Scientific Adviser and academia, taking place to drive change and propel policing in to the 21st century. 

    Chief Constable Gavin Stephens, NPCC Chair said: 

    “This week we are hosting the first ever Modernising Policing week to celebrate some of the efforts to innovate locally, regionally and nationally. 

    “It’s important we recognise the contribution that our staff and officers are making in areas like developing Artificial Intelligence, automation, improving data and driving real change in policing. 

    “We know that technological developments will be the single biggest driver of reform in policing in the coming years and embedding new technologies is the only way we can hope to continue delivering the service the public deserves and expects.”

    You can find out more about the teams working in this area on our website: Modernising Policing (npcc.police.uk)

    Confirmed Podcast platforms that will be broadcasting Thin Digital Line include:

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI Asia-Pac: Electoral info centre open days set

    Source: Hong Kong Information Services

    The Registration & Electoral Office’s (REO) Electoral Information Centre will hold National Day Open Days from September 30 to October 2 and appointments for individual visits can be booked from today via the hotline.

    Open day programmes include a talk on electoral information, a mock polling session and National Day-related interactive games.

    Visitors can take photos with the National Day decorations and the festively dressed Ballot Box Family mascots at the venue as well as receive souvenirs of the Ballot Box Family in the National Day special edition.

    The REO earlier issued invitations to primary and secondary schools, and non-governmental organisations and institutions. The relevant group appointment quota is full.

    For individual visits, call the REO’s hotline at 2891 1001 from 8.45am to 6pm to make an appointment from today until September 27.

    Throughout the period of the open days, there will be a total of 10 sessions for individual visits, including three on September 30, five on October 1 and two on October 2, all in the afternoon. Each visit lasts for 30 minutes.

    All open day visits are free, with quotas allocated on a first come, first served basis.

    Click here for details.

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI: Signing Day Sports Identifies Synergies from Acquisition of Swifty Global, Expected to Drive Accelerated Revenue Growth, Cost Savings, and Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Arizona, Sept. 23, 2024 (GLOBE NEWSWIRE) — Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today provided an update regarding its financial position and its plans to acquire Dear Cashmere Group Holding Company (OTC:DRCR), doing business as Swifty Global (“Swifty”), highlighting the strategic and financial synergies that are expected to drive accelerated growth and operational efficiency for both companies.

    Extinguishment of Convertible Notes

    As of September 23, 2024, the outstanding convertible senior secured promissory notes of the Company, with an original balance of more than $0.6 million, had been fully extinguished, primarily from conversion into shares of common stock.

    The improved financial position strengthens the Company’s prospects for growth and future capital raising.

    Key Highlights from the Acquisition

    As previously announced, Signing Day Sports entered into a binding term sheet to acquire 95-99% of the issued and outstanding shares of Swifty, a global online sports and casino technologies company. Swifty is debt-free with a proven track record of growth, revenue generation and profitability. The acquisition is expected to significantly enhance Signing Day Sports’ revenue generation, technical capabilities and profitability from the expansion of both companies.

    • Strong Financial Performance: Swifty achieved revenues of over $128 million and a net profit of approximately $2.44 million for the fiscal year ended December 31, 2023, despite significant investments of nearly $3.1 million in software development and licensing.
    • Global Expansion: Swifty is expanding internationally. Swifty recently acquired licenses to offer a full integrated suite of products in Ireland and South Africa, which are expected to have significant online sports and casino markets with limited competition.
    • Fast Development of Revenue Generating Technology: Swifty plans to offer data feed services for the online sports gambling industry in the near future. Swifty has determined that data feed services are expensive and limited in choice, which creates an opportunity for Swifty, and that many sports, like boxing, have limited or no live data feed available to allow real-time betting. The Signing Day Sports team has significant experience working with critical sports datapoints and creating sports measurement technologies, which could assist Swifty in developing this revenue stream.

    Strategic Synergies

    The integration of Swifty is expected to bring several operational advantages and new revenue opportunities for Signing Day Sports:

    • Cost Efficiency: Swifty’s in-house engineering team is expected to reduce Signing Day Sports’ operating costs by over 50%, enabling the company to reinvest those savings into growth initiatives. It is also expected to increase the speed at which Signing Day Sports can roll out new products and technological enhancements to its current offering and optimize monetization of the product and user base.
    • Revenue Growth in SaaS: At their core, both Signing Day Sports and Swifty are SaaS model businesses. Swifty’s scalability, technological resources, and technology initiatives are expected to bolster the growth of Signing Day Sports’ app user base, enhance user retention and provide additional opportunities to monetize renewing subscribers with additional revenue streams.
    • New Revenue Streams: Swifty is expected to further expand Signing Day Sports’ current product offering while also broadening the Company’s exposure to new sports and athletes outside the U.S. Signing Day Sports has accumulated more than 10,000 registered users, which it plans to increase at an accelerated rate in the fourth quarter of 2024 and 2025. The Company’s focus is to develop new strategic revenue streams, and improve revenue metrics per user, with the same aim of fully monetizing this growing user base.
    • New Market Exposure: Since its beginning as a football student-athlete recruitment platform provider, Signing Day Sports has expanded its platform to support baseball, softball, and men’s and women’s soccer. Swifty is expected to bring exposure to new markets in Europe, Africa and the Middle East, as well as exposure to emerging sports without established recruitment models. The Company anticipates that early adopters in these emerging sports markets are a significant market and plans to broaden its platform to capitalize on these prospective revenue streams.
    • Enhanced User Engagement: Swifty’s team is expected to introduce exciting new features to Signing Day Sports, including gamification elements such as live scoreboards, top competitor leaderboards, fantasy leagues and real-time performance tracking, which are designed to boost engagement, organic user acquisition and user retention.

    “With Swifty expected to join the Signing Day Sports family, we anticipate being better positioned than ever to deliver an enhanced user experience while accelerating our expansion into new markets,” said Daniel Nelson, CEO of Signing Day Sports. “This acquisition represents a pivotal moment in our growth journey, and we are confident in the significant value it will bring to our platform, collaborators, student-athletes, and stockholders.”

    James Gibbons, CEO of Swifty, added, “Swifty is excited to bring our technological capabilities and global reach to the Signing Day Sports platform. Together, we will create new opportunities for student-athletes and coaches worldwide while driving operational efficiencies that will further our mutual goals. We look forward to working with Signing Day Sports as we scale into new markets and continue to innovate for the benefit of our users.”

    For further information about Signing Day Sports and Swifty, please see their communication channels listed below:

    Website: https://swifty.global
    X: @swiftyglobal
    Telegram: @swiftyglobal
    Email: hello@swifty.global

    Website: https://signingdaysports.com
    Ecommerce Website: https://signingdayshop.com
    Investor Relations Website: https://ir.signingdaysports.com
    X: @sdsports
    Email: support@signingdaysports.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, including without limitation, the Company’s ability to complete the acquisition of Swifty and integrate its business, the ability of the Company, the sellers and Swifty to enter into definitive stock purchase agreement(s), obtain all necessary consents and approvals in connection with the acquisition, obtain NYSE American clearance of a new initial listing application in connection with the acquisition, obtain shareholder approval of the matters to be voted on at the shareholders’ meeting described in the press release, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the Company’s current products and services and planned offerings, competition from existing online and retail offerings or new offerings that may emerge, impacts from strategic changes to the Company’s business on its net sales, revenues, income from continuing operations, or other results of operations, the Company’s ability to attract new users and customers, increase the rate of subscription renewals, and slow the rate of user attrition, the Company’s ability to retain or obtain intellectual property rights, the Company’s ability to adequately support future growth, the Company’s ability to comply with user data privacy laws and other current or anticipated legal requirements, and the Company’s ability to attract and retain key personnel to manage its business effectively. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond our control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:
    Crescendo Communications, LLC
    212-671-1020
    SGN@crescendo-ir.com

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Form 8.3 – [Form-8.3 KEYWORDS STUDIOS PLC – 20 09 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    KEYWORDS STUDIOS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    20 SEPTEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,389,354 1.7258    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,389,354 1.7258    

    All interests and all short positions should be disclosed.

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

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 9,995 2428.8002p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 23 SEPTEMBER 2024
    Contact name: PHIL HULME
    Telephone number: 01253 376551

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

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

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

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Replacement in bonds for new lending – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen A/S

    Replacement in bonds for new lending

    On October 1, 2024, the following replacements of bonds for new loan offers will take place in Nykredit Realkredit A/S.

    Loan Type Current Bond New Bond
    Euribor3 callable (SDO) ISIN DK0009543571 ISIN DK0009546400
    Interest rate spread 0.48% Interest rate spread 0.50%
    Maturity date 01-04-2026 Maturity date 01-10-2027
    Closing date 31-01-2026 Closing date 31-07-2027

    Loan disbursement will occur in the bond specified in the loan offer. The current bonds can still be used for new lending until the closing date, but starting from the change date, the new bonds will be the standard bonds in the loan offer systems.

    Questions may be addressed to Group Treasury, Lars Mossing Madsen, tel +45 44 55 11 66, or Christian Mauritzen, tel +45 44 55 10 14.

    Attachment

    • Meddelelse_UK

    The MIL Network –

    September 29, 2024
  • MIL-OSI Asia-Pac: UGC alerts public to fraudulent websites

    Source: Hong Kong Government special administrative region

    UGC alerts public to fraudulent websites
    UGC alerts public to fraudulent websites
    ****************************************

    The following is issued on behalf of the University Grants Committee:      The University Grants Committee (UGC) today (September 23) urged members of the public to remain vigilant against fraudulent websites, which were found to purport to be the website of the UGC.           The UGC hereby clarifies that its official website is www.ugc.edu.hk. The UGC Secretariat has reported the case to the Police.     A spokesperson for the UGC reminded members of the public to stay alert, and that they should refrain from visiting suspicious websites or disclosing any personal information. Anyone who has provided personal information to such websites should report to the Police as soon as possible.

     
    Ends/Monday, September 23, 2024Issued at HKT 19:02

    NNNN

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Asia-Pac: Civil Service College holds talk on China-Middle East relations (with photos)

    Source: Hong Kong Government special administrative region

         The Civil Service College (CSC) today (September 23) held a talk of the series on the country’s foreign affairs, with the Office of the Commissioner of the Ministry of Foreign Affairs (OCMFA) in the Hong Kong Special Administrative Region (HKSAR). The talk, on the topic of “China-Middle East Relations”, was delivered by Deputy Director General of the Department of West Asian and North African Affairs of the Ministry of Foreign Affairs (MFA) Mr Yang Xin.

         Addressing the talk, the Secretary for the Civil Service, Mrs Ingrid Yeung, said that Hong Kong, as a key link for the Belt and Road (B&R) Initiative, can capitalise on its unique advantages under “one country, two systems” to actively participate in and contribute to the B&R initiative. Hong Kong will give full play to its roles as a “super connector” and “super value-adder”. Possessing the advantages of being an international city and enjoying the support of mature professional services, Hong Kong has been promoting co-operation with Middle East countries in a wide range of areas such as finance, innovation and technology (I&T), business, transportation and energy in recent years. Hong Kong has also been playing a bridging role in connecting the Mainland and the Middle East region. This talk enabled civil servants to understand how Hong Kong can seize opportunities from the country’s overall development and promote deeper and broader co-operation with the Middle East, thereby better supporting national strategies.

         Mrs Yeung said that the series on the country’s foreign affairs has been well received since its launch. This year marks the 75th anniversary of the founding of the People’s Republic of China. In celebration of this important day, the HKSAR Government will organise a series of celebratory activities. Among the activities organised by the Civil Service Bureau, training on the country’s foreign affairs is one of the key initiatives.

         About 100 senior officials and civil servants in the directorate and senior ranks attended the talk at the CSC today. 

         The CSC and the OCMFA have been jointly organising this series of talks on the country’s foreign affairs since late 2021. The series, including thematic briefing sessions on “International Landscape and China’s Foreign Relations” by the Commissioner of OCMFA, and talks by relevant officials of the MFA on various topics, is provided with a view to enhancing civil servants’ understanding of international affairs, awareness of national security and holistic views. Under The 75th Anniversary of the Founding of the People’s Republic of China: Striving towards a New Era Series, there are seminars covering modern Chinese history, national security and the country’s I&T development, in addition to the country’s foreign affairs.            

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Asia-Pac: Hong Kong movies shine in Berlin (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong movies shine in Berlin (with photo)
    Hong Kong movies shine in Berlin (with photo)
    *********************************************

         The Hong Kong Economic and Trade Office in Berlin (HKETO Berlin) supported the film festival Making Waves – Navigators of Hong Kong Cinema in Berlin, Germany, from September 20 to 22 (Berlin time).      The film festival presented six Hong Kong films, namely “Twilight of the Warriors: Walled In”, “The Lyricist Wannabe”, “Time Still Turns The Pages”, “Throw Down (Restored)”, “Love Lies”, and “Fly Me To The Moon”. Actors Philip Ng, Lo Chun-yip, actress Angela Yuen, and director Norris Wong engaged with local audiences after the screenings of the respective movies.     HKETO Berlin hosted a reception before the screening of the opening film “Twilight of the Warriors: Walled In”. The Director of HKETO Berlin, Miss Jenny Szeto, delivered the opening remarks, welcoming some 100 guests. Miss Szeto thanked the Cultural and Creative Industries Development Agency, the Hong Kong International Film Festival and its local partner, the Berlin NewGen Film Festival, for bringing outstanding Hong Kong movies to Berlin.      “The Government is dedicated to promoting Hong Kong’s cultural footprint and in particular, supporting the development of our film industry. Among other things, we actively encourage and support industry professionals to participate in film festivals around the world to elevate the visibility of Hong Kong films and showcase our talented creators. The Making Waves programme is a shining example of this commitment.”     Launched in 2022, Making Waves – Navigators of Hong Kong Cinema is funded by the Cultural and Creative Industries Development Agency to help Hong Kong films go global. To date, it has showcased the work of many promising Hong Kong filmmakers in over 20 cities. About HKETO Berlin     HKETO Berlin is the official representative of the Hong Kong Special Administrative Region Government in commercial relations and other economic and trade matters in Germany as well as Austria, the Czech Republic, Hungary, Poland, the Slovak Republic, Slovenia and Switzerland. 

     
    Ends/Monday, September 23, 2024Issued at HKT 19:28

    NNNN

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Asia-Pac: Speech by Acting SJ at reception of National Day of Kingdom of Saudi Arabia (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Acting Secretary for Justice, Mr Cheung Kwok-kwan, at the reception of National Day of the Kingdom of Saudi Arabia, today (September 23):

    Your Excellency Mr Hamad Aljebreen (Consul General of the Kingdom of Saudi Arabia in Hong Kong), Deputy Commissioner Fang Jianming (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region), distinguished guests, ladies and gentlemen,

         Good evening. I’m pleased to be here tonight, in celebration of the national day of the Kingdom of Saudi Arabia.

         Tonight’s gathering is also a welcome opportunity to meet, once again, with the Consul General and members of the Saudi business community.

         As the Consul General noted, the past year, and more, has seen remarkable growth in co-operation between our two economies, governments and peoples.

         And those welcome ties continue to grow and diversify. Just earlier this month, His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, conducted an official visit to Hong Kong, during which he met with a variety of senior officials of our government.

         Hong Kong is the natural springboard for Saudi companies looking to the Greater Bay Area, and beyond, for opportunity.

         Next month, Cathay Pacific begins a thrice-weekly service between Hong Kong and Riyadh. That cheering link can only expand our rising business, trade and cultural exchanges.

         I’m pleased to say, we’re making progress, too, in legal co-operation. In March this year, I led a delegation of the legal sector to Riyadh to attend Riyadh International Disputes Week to share Hong Kong’s strengths in legal and dispute resolution services. The Secretary for Justice was also in Riyadh, in May this year, meeting with senior Saudi justice officials. His visit followed the signing, in April, of an MOU (Memorandum of Understanding) strengthening co-operation between the two places on issues relating to dispute avoidance and resolution. The arrangement underscores Hong Kong’s status as an international legal and dispute-resolution hub.

         Ladies and gentlemen, that barely touches on the wide-ranging initiatives bringing us together, working to create a rewarding, far-reaching future for us all.

         Consul General, over the years, you and your colleagues have taken an important role in forging closer economic ties and cultural exchanges with Hong Kong. For that, I would like to express my gratitude for your contribution to making the ties stronger.

         This evening, may I extend my best wishes to the Kingdom of Saudi Arabia, and its people, on its national day, and to our enduring ties and friendship. And may I propose a toast: “To the people of the Kingdom of Saudi Arabia”.

         Thank you.

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Asia-Pac: LegCo Subcommittee on Policy Issues Relating to Strengthening and Promoting the Development of Kowloon East as the Second Central Business District visits core infrastructure facilities in Kowloon East (with photos)

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Legislative Council Secretariat:
     
         The Legislative Council Subcommittee on Policy Issues Relating to Strengthening and Promoting the Development of Kowloon East as the Second Central Business District (the Subcommittee) visited the core infrastructure facilities in Kowloon East today (September 23) to learn more about the development of the region.
     
         Members first visited the Quayside, a commercial complex, to get a bird’s eye view of the business area in Kowloon Bay. They also explored the building’s innovative green features designed to maximise the utilisation of daylight and reduce energy consumption.
     
         Members then visited Tencent WeStart, noting that the platform provides local and overseas digital content creators with co-working space and support services, with the aim of helping them to explore overseas markets or facilitating access to the Mainland market. Members also exchanged views with representatives of start-ups to gain a better understanding of the latest trend in digital content creation and the challenges they faced.
      
         Members later headed to Kai Tak Promenade to receive an update from representatives of the Administration on the opening of various sections of the 11-kilometre-long promenade. They learnt that some of the promenades formed by different private developments had been returned to the Government and have since opened to the public.
     
         Before concluding the itinerary, Members visited Kai Tak Sports Park (KTSP) where they received a briefing by representatives of KTSP and the Administration on the latest construction progress of the project. Members noted that the main structure of the Main Stadium, Indoor Sports Centre and Public Sports Ground were almost complete and KTSP, Hong Kong’s largest sports infrastructure, was set to open in the first half of 2025. Members also took the opportunity to exchange views with representatives of KTSP and the Administration on the strategies to leverage KTSP to drive sports and economic developments, as well as strengthen Hong Kong’s positioning as an international city.
     
         Members who participated in the visit were the Chairman of the Subcommittee, Mr Tang Ka-piu, and Subcommittee members Mr Yiu Pak-leung, Mr Chan Pui-leung, Mr Kenneth Fok, Dr Ngan Man-yu and Professor William Wong; as well as non-Subcommittee members Dr Lo Wai-kwok, Mr Chan Chun-ying and Mr Vincent Cheng.            

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI: WOO Token Surges on Coinone, Hits $3.13M in Trading Volume

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — WOO X, a leading centralized crypto futures and spot trading platform, proudly announces the successful listing of the WOO token on Coinone, one of South Korea’s largest cryptocurrency exchanges. Listed on September 19, 2024, this debut allows Korean users to trade WOO tokens in KRW, significantly expanding the token’s accessibility within one of Asia’s most active crypto markets.

    Since its listing, the WOO token has shown robust performance, achieving a 24-hour trading volume of $3.13 million and reaching rank 4 on Coinone’s spot market.

    Special Airdrop Event to Celebrate the Listing

    To celebrate this achievement, Coinone is hosting a “WOO First-Come First-Served Deposit Event,” running from 04:00 UTC on September 19 to 14:59 UTC on September 25, 2024. Participants who complete the event’s missions will be rewarded with exclusive WOO token airdrops.

    “As we list the WOO token on Coinone, we’re excited to expand its accessibility to one of the most active cryptocurrency markets in the region. This listing allows South Korean users to trade WOO with KRW, enhancing their access to our ecosystem. South Korea is central to our expansion in Asia, driven by its strong demand for a diverse range of products,” said Willy Chuang, COO of WOO X​.

    The WOO token is central to both the WOOFi protocol, a leading decentralized exchange, and WOO X, a top-tier centralized platform, enhancing its utility across both markets.

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any activities or transactions involving cryptocurrencies.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    Contact us: media@woo.network

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/feab1e0e-8634-4d8d-8723-761961110a75

    The MIL Network –

    September 29, 2024
  • MIL-OSI Asia-Pac: Cluster of Vancomycin Resistant Enterococci cases at Shatin Hospital

    Source: Hong Kong Government special administrative region

    Cluster of Vancomycin Resistant Enterococci cases at Shatin Hospital
    Cluster of Vancomycin Resistant Enterococci cases at Shatin Hospital
    ********************************************************************

    The following is issued on behalf of the Hospital Authority. The spokesperson for Shatin Hospital (SH) made the following announcement today (September 23):      A 73-year-old female patient with a recent hospitalisation in a medical and geriatrics ward of SH was confirmed to be infected with Vancomycin Resistant Enterococci (VRE) at Prince of Wales Hospital on September 14. In accordance with prevailing infection control guidelines, SH has conducted contact tracing. Six more female patients (aged 62 to 94) were found to be VRE carriers. Three patients have been discharged and the remaining three patients are currently being treated in isolation. All patients are in stable condition.      The following enhanced infection control measures have already been adopted in the ward concerned:1.     isolation of VRE cases and application of stringent contact precautions;2.     enhanced environmental cleaning and disinfection; and3.     enhanced hand hygiene for staff and patients.      The hospital will continue the enhanced infection control measures and closely monitor the situation of the ward concerned. The cases have been reported to the Hospital Authority Head Office and the Centre for Health Protection for necessary follow-up.

     
    Ends/Monday, September 23, 2024Issued at HKT 19:29

    NNNN

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Russia: SPbGASU Master’s student Leonid Nikolaev elected Chairman of the Student Council of St. Petersburg

    MIL OSI Translation. Region: Russian Federation –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Leonid Nikolaev

    Leonid Nikolaev, a first-year master’s student at the Faculty of Environmental Engineering and Urban Management at SPbGASU, has been elected Chairman of the Student Council of St. Petersburg. This high recognition is a continuation of his successful experience in student self-government. As a bachelor’s student, he headed the student council of our university and, as he admits, is now ready to take the city’s student council to a new level.

    “I plan to intensify the work of the student council and make it more open to all students in the city. I am well aware of their current problems concerning transport, scholarships and benefits. I am confident that together with the city leadership we will be able to resolve them. The list of priority tasks also includes the development of professional communities, the organization of master classes, trainings, meetings with business representatives, which will allow students to develop professionally. By modernizing media channels and conducting regular surveys and meetings, we will improve communication between students and the council. We will support student initiatives, create conditions for the implementation of new projects that will benefit the entire student community,” Leonid shared his plans.

    We congratulate Leonid Nikolaev and wish him success in his new position!

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbgasu.ru/nevs-and-events/nevs/master-student-spbgasu-leonid-nikolaev-elected-chairman-of-the-student-council-of-St.-Petersburg/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    September 29, 2024
  • MIL-OSI: Employ Inc. Appoints Joey Humke as Chief Revenue Officer

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Sept. 23, 2024 (GLOBE NEWSWIRE) — Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions including JazzHR, Lever, Jobvite and NXTThing RPO, today announced the appointment of Joey Humke as Chief Revenue Officer effective today.

    In this role, Humke will oversee and optimize Employ’s revenue strategies, operations and growth initiatives. He will work closely with cross-functional teams and existing leadership to align revenue and marketing initiatives with the overall vision and business objectives to maximize revenue potential, reach current and new customers and drive Employ’s value proposition. As a member of the Employ executive leadership team, Humke will report to Employ CEO Steve Cox.

    Humke is a seasoned executive with a history of scaling teams efficiently to exceed expectations. Humke has spent more than a decade leading and overseeing revenue operations at PE-backed SaaS businesses, strategically guiding teams through transformations, integrations, mergers and acquisitions. His experience, coupled with an active approach, ensures his teams are supported and primed for continued success.

    Most recently, Humke served as CRO and Operating Partner at Newbury Franklin, a PE firm focusing on niche markets. Prior to that, he served in various leadership roles at Exclaimer, Marigold and Emma.

    “We are thrilled to welcome Joey to Employ,” said Steve Cox, CEO of Employ. “Joey will be instrumental in helping us identify new market opportunities and build stronger relationships with clients and partners. His passion, expertise and successful track record in developing, scaling and leading strong revenue teams will be vital to advance Employ into its next chapter.”

    Joey Humke, Chief Revenue Officer, Employ Inc., said, “Employ plays a pivotal role in today’s hiring environment. Very few talent acquisition solution providers can match the level of service and experience that its people and solutions offer. I am eager to join an organization that always has the best interest of its customers in mind, and I look forward to being a part of the Employ team.”

    To learn more about Employ Inc. and its people-first talent acquisition solutions, visit www.employinc.com.

    About Employ Inc:
    Employ Inc. provides people-first recruiting solutions that empower companies to overcome their greatest hiring challenges. Serving SMBs to global enterprises, Employ focuses on the unique recruiting needs of each organization — from foundational hiring to sophisticated talent acquisition. Employ is the only organization to offer companies choice in their hiring solutions, providing a curated set of recruiting technologies and services. Together, Employ and its solutions (JazzHR, Lever, Jobvite and NXTThing RPO) serve more than 22,000 customers across multiple industries. For more information, visit www.employinc.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1717a7da-dcc0-4c04-ac05-b6de007b59f1

    The MIL Network –

    September 29, 2024
  • MIL-OSI: LVT Launches New Command Center to Drive Immediate Informed Action for Security Teams

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) — (GSX, Booth #1815)LVT (LiveView Technologies, Inc.), the leader of customizable mobile security and cloud-native software solutions, today unveiled its next-generation Command Center—the culmination 100s of hours spent shadowing and collaborating with security operations teams—designed to give security operators unrivaled control over their video security systems. The 8-year-old proven VSaaS solution, now available in beta, was rebuilt from the ground up to empower personnel with unparalleled efficiency and effective incident management capabilities, including a new user experience that reduces the time needed to make informed response decisions.

    “For nearly a decade, LVT’s Command Center has given security leaders who want to leverage the power of cloud-native software services unmatched situational awareness. Our new Command Center experience provides an even more seamless, reliable, and highly effective system built to stay ahead of the evolving security landscape while leveraging the globally scalable, lower cost of ownership, and dynamic power of cloud compute,” said Steve Lindsey, LVT CTO. “Security teams are often hampered by solutions that restrict them from taking real-time action; failing to deliver timely alerts and provide the essential information to inform an effective response at any moment, day or night.”

    The LVT Command Center was designed using extensive market research and customer feedback, which highlighted the acute need for sophisticated, AI-integrated security management solutions. New and enhanced features that provide customizations to manage complex enterprise environments at scale include:

    • Instant video playback: Access and stream recorded videos with no delay, improving decision-making processes and enabling more accurate and effective responses.
    • View and manage multiple camera views: Watch cameras from multiple units for a more comprehensive and detailed understanding of incidents.
    • Intelligent prioritization: Configure the Command Center to prioritize alerts and decide what notifications they receive, such as marking potential assaults as high priority and animals as low priority.
    • In-depth analytics: Classify incidents and quickly review incidents within a category classification to understand how those situations were resolved.
    • Incident history: Review responses, find training opportunities, and optimize future responses through a new timeline view that shows exactly what happened during an incident across LVT Units, including security personnel actions.

    Customers can access the beta Command Center today, with general availability in Q4 2024. Future enhancements will include new AI capabilities and intuitive automatic alerts. Customers can contact their LVT representative in order to join the Command Center beta.

    Visit LVT at GSX Booth #1815, and learn more at www.lvt.com.

    About LVT
    LVT (LiveView Technologies, Inc.) is a leader in life safety and security and the premier developer and manufacturer of mobile, solar powered and cellular-connected surveillance solutions and software. Headquartered in American Fork, UT, LVT’s enterprise software-as-a-service (SaaS) solution is used by retailers, critical infrastructure and utilities, construction projects, warehouse and distribution centers, and more. LVT is proud to be made in the USA and manufactured in Utah. For more information, visit www.lvt.com.

    Media Contacts:
    Matthew Deighton
    LiveView Technologies
    media@lvt.com

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Bitfarms and Riot Announce Settlement

    Source: GlobeNewswire (MIL-OSI)

    – Andrés Finkielsztain Steps Down from Board –
    – Bitfarms Appoints Amy Freedman to Board of Directors –
    – Board to Nominate an Independent Director for Election at Special Meeting –
    – Standstill Agreement Through 2026 Annual Meeting –

    This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario and BROSSARD, Québec and CASTLE ROCK, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a global leader in vertically integrated Bitcoin data center operations, and Riot Platforms Inc. (NASDAQ: RIOT) (“Riot”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, today announced that Bitfarms and Riot have entered into a settlement agreement (the “Agreement”) in advance of the Special Meeting of Bitfarms Shareholders (the “Special Meeting”) currently scheduled for November 6, 2024, which will now be held virtually.

    Under the terms of the Agreement:

    • Andrés Finkielsztain has stepped down from Bitfarms’ Board of Directors (the “Board”).
    • Bitfarms has appointed Amy Freedman to its Board and the Governance and Nominating Committee and Compensation Committee of the Board, effective immediately.
    • Riot has agreed to withdraw its June 24, 2024 requisition, as amended, and to accept customary standstill provisions through the Bitfarms 2026 Annual Meeting, with certain exceptions.
    • At the Special Meeting, shareholders will be asked to approve an expansion of the Board from five members to six members, to elect an independent director nominated by the Board to serve as the sixth member of the Board, and to ratify the Company’s July 24, 2024, shareholder rights plan. Riot has agreed to vote in favour of these matters.
    • The Company has provided Riot with certain rights (subject to certain exceptions) to purchase shares of the Company provided Riot holds 15% or more of the outstanding common shares of the Company.

    As a result of the agreement to nominate an additional director for election at the Special Meeting, the Special Meeting may be delayed, but in no event will it be held later than November 20, 2024. The Company will update its shareholders on the timing of the Special Meeting as soon as it can.

    Brian Howlett, Independent Chairman of the Board, said “The Bitfarms Board is committed to effectively overseeing the execution of the Company’s strategic plan as we work to position Bitfarms to capitalize on the opportunities ahead. Additionally, we recognize the importance of refreshment and having the right mix of skills, experience and diversity, and we are always open to adding qualified candidates with valuable insights and perspectives to strengthen our Board. We are pleased to reach this agreement with Riot, which we believe is in the best interests of all Bitfarms shareholders.”

    Mr. Howlett continued, “On behalf of the Board and the entire company, I thank Andrés for his invaluable contributions to Bitfarms over the last four years. He brought great insights to the boardroom with his extensive knowledge of the financial and crypto industry. We wish him well in his future endeavors. We look forward to leveraging Amy’s extensive experience advising public companies as the Board works together to enhance shareholder value.”

    Ben Gagnon, Chief Executive Officer of Bitfarms, said, “We are pleased to reach this agreement with Riot and look forward to turning our full attention to executing our growth strategy. We remain focused on diversifying the business beyond Bitcoin mining into exciting and synergistic new areas like energy generation, energy trading, heat recycling and other high value revenue streams like HPC/AI.”

    Jason Les, Chief Executive Officer of Riot, said, “This agreement represents a significant step to advance shareholder value creation at our respective companies and we are pleased to have reached this constructive resolution with Bitfarms. As Bitfarms’ largest shareholder, we look forward to supporting a reconstituted Bitfarms Board and continued engagement with management.”

    A copy of the Agreement will be filed on Form 6-K with the U.S. Securities and Exchange Commission (“SEC”) and will be posted to the Company’s SEDAR+ profile at www.sedarplus.ca.

    About Amy Freedman

    Amy is a corporate governance and public capital markets expert with over 25 years of experience. She is currently an advisor to Ewing Morris and Co. Investment Partners, an alternative asset manager with both equity and credit strategies. In her role, Amy spearheads the fund’s engagement investment opportunities. Previously, she was CEO of Kingsdale Advisors, a leading shareholder services and advisory firm specializing in strategic and defensive advisory, governance advisory, proxy and voting analytics and investor communications. Ms. Freedman has spent over 15 years in capital markets as an investment banker with global firms including Stifel Financial Corp. and Morgan Stanley.

    Ms. Freedman is currently a director on the boards of Mandalay Resources Corporation (TSX: MND, OTCQB: MNDJF), Irish Residential Properties REIT plc (ISE: IRES) and American Hotel Income Properties REIT (TSX: HOT.UN, HOT.U). She holds an MBA and a JD from the University of Toronto.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin mining data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 12 operating Bitcoin data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    About Riot Platforms, Inc.

    Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows Riot to achieve best-in-class execution and create successful outcomes.

    Riot, a Nevada corporation, is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot has Bitcoin mining operations in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.

    For more information, visit www.riotplatforms.com.

    Cautionary Statement 

    Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements 

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the strength and positive outcome of board of director renewal, the date of the Special Meeting, the merits and potential of the Company’s growth plan and diversification strategy, other growth opportunities and prospects, statements regarding future growth, plans and objectives of the Company and the maximization of shareholder value, are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of the Company and Riot, as applicable, at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, various risks relating to the operations and business of the Company, the future performance, liquidity and financial position of the Company and Riot, and uncertainties as to timing of the Special Meeting or the outcome. For further information concerning these and other risks and uncertainties, refer to (i) the Company’s filings on www.sedarplus.ca (which are also available on the website of the SEC at www.sec.gov), including the MD&A for the year-ended December 31, 2023, filed on March 7, 2024 and the MD&A for the three and six months ended June 30, 2024 filed on August 8, 2024, and (ii) Riot’s filings with the SEC, including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of Riot’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on February 23, 2024, and the other filings Riot has made or will make with the SEC after such date, copies of which may be obtained from the SEC’s website at www.sec.gov. Although the Company and Riot have attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by the Company. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

    Investor Relations Contacts:

    For Bitfarms:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Innisfree M&A Incorporated
    Gabrielle Wolf / Scott Winter
    +1 212-750-5833

    Laurel Hill Advisory Group
    1-877-452-7184
    +1 416-304-0211
    assistance@laurelhill.com

    For Riot:

    Phil McPherson
    303-794-2000 ext. 110
    IR@Riot.Inc

    Media Contacts:

    For Bitfarms:

    U.S.: Joele Frank, Wilkinson Brimmer Katcher
    Dan Katcher or Joseph Sala
    +1 212-355-4449

    Québec: Tact
    Louis-Martin Leclerc
    +1 418-693-2425
    lmleclerc@tactconseil.ca

    For Riot:

    Longacre Square Partners
    Joe Germani / Dan Zacchei
    jgermani@longacresquare.com / dzacchei@longacresquare.com

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Johnson C. Smith University Selects Enterprise Networking Innovator Nile to Power its Campus-Wide Network

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) — Nile, the pioneer of a new breed of enterprise network solutions aimed at securing organizations from cyberattacks and automating daily operations, today announced that Johnson C. Smith University (JCSU), a leading Historically Black College and University (HBCU), has selected the Nile Access Service to replace its existing wired and wireless LAN solution across its entire campus. The institution selected Nile’s solution due to its unique performance guarantees for availability, coverage, and capacity, its AI-powered “as-a-Service” architecture that automates network lifecycle management, and its native campus zero trust security that prevents lateral movement attacks such as ransomware.

    “Our number one goal in IT is to deliver a satisfying experience for our student body. That means handling their needs for high-performance connectivity, but also ensuring they’re secure as well,’” said John Norris, CIO, JCSU. “As we considered a refresh, I knew I needed a partner as much as a new solution. I have an amazing staff, but considering everything we had to deliver in implementing a new network, including security, performance, and reliability, whatever we selected had to augment my current resources, not create new demands. Nile nailed it on all fronts.”

    Located in Charlotte, North Carolina, JCSU is a premier professional liberal arts HBCU with thousands of students and faculty that require reliable, secure, and high-performance connectivity. Its existing hardware-centric managed wireless network had aged significantly, and its vendors were no longer providing support despite their unpredictably high licensing costs. A potential increase from 5% to 30% in those costs, often without notice, was cause for concern, along with making budgeting a challenge. Additionally, students and faculty were both very vocal about the network’s poor performance. On top of these issues, the previous solution had no modern security component, something critical to the overall health and safety of the student body and the university network.

    JSCU quickly turned to Nile to address all of these demands. Nile delivered high-performance, secure wired and wireless LAN connectivity across the entire campus, including student, faculty, and administrative buildings, as well as outdoor campus settings.

    • Performance Guarantees – Prior to Nile, JCSU’s students regularly complained about the network’s performance, particularly for high-demand applications like gaming. With an on-campus eSports league, performance quickly became a top priority for ensuring student satisfaction. What’s more, faculty regularly expressed concerns about students’ ability to deliver work assignments. Thanks to Nile’s industry-first performance guarantees for availability, coverage, and capacity, Nile was the only vendor to ensure high-performance connectivity for the entire campus.
    • Built-in Campus Zero Trust Security—Nile is the only vendor to offer per-device isolation and the elimination of lateral movement attacks, such as ransomware, from Day 1, with no configuration or professional services required. This capability was critical with the number of services that JCSU offers, both on-premises and in the cloud.
    • Network Observability and Management Automation – Augmenting JCSU’s existing IT staff and providing 24/7 visibility into the system’s overall health was essential in selecting Nile for its network refresh. Nile’s extensive sensor network and AI-based automation doesn’t just identify problems; it proactively solves many of them without human intervention, all while providing IT leadership with granular insight into the network’s overall health.
    • Nile’s “as-a-Service” Model and overall TCO – With a predictable payment model, instead of massive upfront costs for a hardware-centric network architecture, JSCU’s team was more easily able to get the budget for this project approved. This also meant that IT no longer had to worry about unpredictable licensing costs or the next hardware upgrade/refresh cycle. All of those costs are included in their subscription fee. That’s why Nile delivers the industry’s best Total-Cost-of-Ownership (TCO).

    “The predictability, reliability, and security of the Nile Access Service make it ideal for higher education settings,” said Surbhi Kaul, Nile’s vice president, Customer Experience. “These organizations are often challenged by budget, availability of certain IT skills, and resource management issues, but still need to deliver a solid foundation of connectivity for students, faculty, and administration alike. At Nile, we’re proud to make that possible for historical campuses like JCSU.”

    About the Nile Access Service

    The Nile Access Service is powered by a new approach for securing enterprise networks that combines built-in zero trust security for the campus, cloud native software delivery, AI, and automation with a high-performance wired and wireless LAN in an “as-a-Service” offering. The Nile Access Service was built from the ground up to prevent lateral movement cyber attacks while completely automating the network lifecycle management process. This complete service offering is a comprehensive package including hardware and software components, 24/7 support, and zero upfront capital expense, all of which are backed by the industry’s only performance guarantees for availability, coverage, and capacity.

    To learn more about the Nile Access Service, visit https://nilesecure.com/solutions/nile-access-service

    About Nile

    Nile is disrupting the enterprise network market by building natively secure connectivity that modernizes IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, the Nile Access Service integrates zero trust security and offers performance guarantees for connectivity, coverage, and availability. With Nile, IT organizations close the gap between their digital aspirations and legacy realities with superior connectivity that reduces the burden on critical IT resources. For more information, visit nilesecure.com/solutions/nile-access-service.

    Media Contacts:
    Nichols Communications for Nile
    Jay Nichols
    +1 408-772-1551
    jay@nicholscomm.com

    The MIL Network –

    September 29, 2024
  • MIL-OSI: OTC Markets Group Welcomes Maquia Capital Acquisition Corp to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Maquia Capital Acquisition Corp (OTCQX: MAQC), a special purpose acquisition company (SPAC), has qualified to trade on the OTCQX® Best Market. Maquia Capital Acquisition Corp previously traded on NASDAQ.

    Maquia Capital Acquisition Corp begins trading today on OTCQX under the symbol “MAQC.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

    About Maquia Capital Acquisition Corp
    Maquia Capital Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company is led by Chief Executive Officer, Jeff Ransdell, Chief Financial Officer, Jeronimo Peralta, Chief Operating Officer, Guillermo Cruz, and Chief Investment Officer, Maggie Vo. 

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

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

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

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

    September 29, 2024
  • MIL-OSI: LVT Releases API To Bring Video Security Intelligence To Any Software Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) — (GSX, Booth #1815) — LVT (LiveView Technologies, Inc.), the leader of customizable mobile security solutions, today released its new application programming interface (API) that allows security teams to integrate LVT Unit video security insights with any existing security platform. The API allows integrations with in-house systems, leading to a single pane of glass for security operations center (SOC) operators to take control of situations rapidly utilizing LVT’s physical security platform from their preferred software environment.

    “LVT provides a stellar end-to-end solution for managing our mobile security solutions, but we know customers also have other software within their security ecosystem. Our open integration platform empowers teams to access our video intelligence in any environment they prefer,” said Steve Lindsey, LVT CTO. “Customers can now choose between the LVT video management software, our integrations with partners like Immix and Fusus by Axon, or our API to access the security insights they need to maximize safety and control.”

    The API provides customers with more ways to access LVT’s intelligence, including recently announced integrations with Immix, and Fusus by Axon, along with additional partnerships coming in the future. LVT’s new API also integrates well with proprietary software developed in-house for video and alert management, providing support for customers’ customized solutions.

    LVT’s API allows SOC operators to monitor and access situations from a single dashboard:

    • Two-way integration with control of all deterrence capabilities such as strobe lights, floodlights, pre-recorded sounds, and live speaker talk-down
    • Other features include video streaming, alert generation, and camera control, including pan/tilt/zoom, streaming, talk down, and general camera management.

    As the security market continues to value open platforms that enable customers to build their strategy across multiple vendors, LVT’s open platform solution leads the way with a diverse set of leading camera partners, edge intelligence and analytics partners, and cloud software partners.

    Please email integrations@LVT.com for all API integration requests and questions.

    Visit LVT at GSX Booth #1815, and learn more at www.lvt.com.

    About LVT
    LVT (LiveView Technologies, Inc.) is a leader in life safety and security and the premier developer and manufacturer of mobile, solar powered and cellular-connected surveillance solutions and software. Headquartered in American Fork, UT, LVT’s enterprise software-as-a-service (SaaS) solution is used by retailers, critical infrastructure and utilities, construction projects, warehouse and distribution centers, and more. LVT is proud to be made in the USA and manufactured in Utah. For more information, visit www.lvt.com.

    Media Contacts:
    Matthew Deighton
    LiveView Technologies
    media@lvt.com

    The MIL Network –

    September 29, 2024
  • MIL-OSI: OTC Markets Group Welcomes Armanino Foods of Distinction, Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Armanino Foods of Distinction, Inc. (OTCQX: AMNF), an international food manufacturer, has qualified to trade on the OTCQX® Best Market. Armanino Foods of Distinction, Inc. upgraded to OTCQX from the Pink® market.

    Armanino Foods of Distinction, Inc. begins trading today on OTCQX under the symbol “AMNF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. 

    Douglas R. Nichols, Chairman of the Board stated, “We are excited to elevate our company stock to the OTCQX tier that demonstrates our confidence in our financial strength and ability to continue to deliver strong shareholder value.  Our hope is that this upgrade will broaden the awareness of our company’s unique and leading position in the food sector, and provide greater opportunities for investors to participate in our success. This elevation also demonstrates the board’s commitment to enhance our corporate government practices.”

    About Armanino Foods of Distinction, Inc.
    Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Chimichurri, Harissa, Bolognese and Alfredo sauce. Armanino’s organic line includes classic Basil Pesto. Armanino Foods also offers cheese shakers, frozen pastas, meatballs, and prepared meals.

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

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

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

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

    September 29, 2024
  • MIL-OSI: AGF Investments Announces September 2024 Cash Distributions for Certain AGF ETFs and ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced the September 2024 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions, as well as AGF Global Sustainable Growth Equity ETF and AGF Systematic Global Multi-Sector Bond ETF, which pay quarterly distributions. Unitholders of record on September 30, 2024 will receive cash distributions payable on October 4, 2024.

    Details regarding the final “per unit” distribution amounts are as follows:

    ETF Ticker Exchange Cash Distribution Per Unit ($)
    AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc. $ 0.136000
    AGF Total Return Bond Fund* ATRB Cboe Canada Inc. $ 0.108000
    AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc. $ 0.134910
    AGF Global Sustainable Growth Equity ETF AGSG Cboe Canada Inc. $ 0.016000
    AGF Systematic Global Multi-Sector Bond ETF QGB Cboe Canada Inc. $ 0.199000
             

    *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option.

    Further information about the AGF ETFs can be found at AGF.com.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With nearly $50 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that it has repurchased all of the remaining $118 million in aggregate principal amount of the 2.95% Convertible Senior Notes due 2026 (the “Convertible Notes”) via a privately negotiated repurchase agreement with Baupost Group Securities, L.L.C., the sole holder of the Convertible Notes. The Company paid, including accrued interest, $109.7 million in cash representing a discount to par value of approximately 7.5%. As a result, Outbrain will record a pre-tax gain of approximately $8.8 million in the third quarter of 2024.

    Following the closing of the transaction, Outbrain has repurchased the entire principal balance of $236 million of the Convertible Notes, with no remaining debt on the balance sheet and approximately $128 million of cash, cash equivalents and investments in marketable securities, when adjusting the balance as of August 31, 2024 for the repayment. Outbrain repurchased the initial $118 million principal amount of the Convertible Notes in April 2023.

    “Our ability to generate cash and our strong balance sheet has enabled the opportunistic repurchase of the remaining balance of Convertible Notes, which is also in anticipation of the expected closing of the Teads acquisition. We believe this transaction strengthens our balance sheet, increasing our net cash balance as we maintain ample liquidity to support our future growth,” said Jason Kiviat, Outbrain’s CFO.

    This press release does not constitute an offer to sell or a solicitation to buy any of the Convertible Notes described herein or any securities of the Company, nor shall there be any offer, solicitation, or sale of the Convertible Notes or any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements may include, without limitation, statements generally relating to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives and statements relating to the transaction to acquire Teads (“Transaction”). You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions or are not statements of historical fact. We have based these forward-looking statements largely on our expectations and projections regarding future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: overall advertising demand and traffic generated by our media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of our control, such as U.S. and global recession concerns, geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel, supply chain issues, inflationary pressures, labor market volatility, bank closures or disruptions, and the impact of challenging economic conditions, political and policy uncertainties with the approach of the U.S. presidential election, and other factors that have and may further impact advertisers’ ability to pay; our ability to continue to innovate, and adoption by our advertisers and media partners of our expanding solutions; the success of our sales and marketing investments, which may require significant investments and may involve long sales cycles; our ability to grow our business and manage growth effectively; our ability to compete effectively against current and future competitors; the loss or decline of one or more of our large media partners, and our ability to expand our advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit our ability to market, support and innovate on our products due to the impact on our employees as well as our advertisers and their advertising markets, our ability to maintain our revenues or profitability despite quarterly fluctuations in our results, whether due to seasonality, large cyclical events, or other causes; the risk that our research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of our recommendation engine to accurately predict attention or engagement, any deterioration in the quality of our recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on our ability to collect, use and disclose data to deliver advertisements; our ability to extend our reach into evolving digital media platforms; our ability to maintain and scale our technology platform; our ability to meet demands on our infrastructure and resources due to future growth or otherwise; our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect the confidential information of us or our partners; outages or disruptions that impact us or our service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which we operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on our business or strategy; our ability and the time required to consummate the Transaction; our ability to successfully integrate Teads’s operations, technologies and employees and to recognize the anticipated benefits and synergies of the Transaction, including the expectation of enhancements to our services, greater revenue or growth opportunities, operating efficiencies and cost savings; the potential impact of the announcement or pendency of the Transaction on ongoing business operations and relationships, including our ability to maintain relationships with employees, customers, suppliers and others with whom we do business; the amount of costs, fees, expenses and charges relating to the Transaction; the initiation or outcome of any legal proceedings that may be instituted following the announcement of the Transaction; and the risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2023 and in subsequent reports filed with the SEC. Accordingly, you should not rely upon forward-looking statements as an indication of future performance. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events, or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation and do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About Outbrain

    Outbrain (Nasdaq: OB) is a leading technology platform that drives business results by engaging people across the Open Internet. Outbrain predicts moments of engagement to drive measurable outcomes for advertisers and publishers using AI and machine learning across more than 8,000 online properties globally. Founded in 2006, Outbrain is headquartered in New York with offices in Israel and across the United States, Europe, Asia-Pacific, and South America.

    For more information, visit https://www.outbrain.com.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com

    (332) 205-8999

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Vancity Investment Management Report Highlights Significant Gains in Shareholder Advocacy

    Source: GlobeNewswire (MIL-OSI)

    TERRITORIES OF MUSQUEAM, SQUAMISH AND TSLEIL-WAUTUTH NATIONS / VANCOUVER, British Columbia, Sept. 23, 2024 (GLOBE NEWSWIRE) — Vancity Investment Management, a Canadian leader in socially responsible investing, issued its annual Shareholder Engagement Report today highlighting a year of shareholder advocacy.

    Vancity Investment Management’s commitment to shareholder engagement is grounded in the belief that investors hold the power to drive companies towards a more equitable and sustainable future—a belief that is underscored by the successes detailed in this year’s report. When investing on behalf of clients, Vancity Investment Management assumes an active role rather than merely observing. By leveraging its influence as a responsible shareholder, Vancity Investment Management ensures that the companies within its portfolio not only align with its clients’ values and objectives but also take significant actions to address their broader societal and environmental impacts.

    Vancity Investment Management’s engagement efforts encompass a wide array of areas, including climate, energy, governance, and labour practices. Over the past year, the company has been highly proactive, notably encouraging Starbucks® to commit to comprehensive reporting on biodiversity risks and impacts within its coffee supply chain and successfully advocating for enhanced climate reporting among major Canadian banks.

    “Investing in a company comes with responsibility,” said Wellington Holbrook, President and CEO of Vancity Group. “As shareholders, we can use our influence to promote positive societal and environmental impacts alongside financial returns. By engaging with the companies we recommend, we drive meaningful improvements that contribute to a more equitable economy and create sustainable, long-term value.”

    Snapshot of shareholder engagement in 2024:

    Starbucks: Vancity Investment Management challenged the supply chain sustainability practices of the world’s largest coffeehouse chain, Starbucks, noting that the Arabica coffee bean is considered a biodiversity risk and climate sensitive species. Starbucks has since committed to publicly report on its Arabica coffee bean supply chain in accordance with the Taskforce on Nature-related Financial Disclosures (TNFD) framework. More details here.

    RBC, TD and Scotiabank: Vancity Investment Management submitted shareholder proposals to these Canadian banks to press for improved climate risk management and disclosure in line with their commitments as signatories to the Net Zero Banking Alliance (NZBA). As a result of our engagement, Scotiabank committed to disclose its framework for assessing clients’ climate transition plans. Both RBC and Scotiabank committed to disclose portfolio-level client performance against these frameworks. In recognition of these commitments, the proposals were withdrawn. More details here.

    CN Rail and Canadian Pacific Kansas City (formerly CP): In support of employee and public safety, Vancity Investment Management engaged with both rail companies to encourage negotiation for paid sick leave policies with all unions that represent their American workforce. CN Rail and CPKC have come to paid sick leave agreements with select unions, and Vancity Investment Management continues to press for additional progress. More details here.

    “The choices businesses make have a huge influence on people’s lives,” said Kelly Hirsch, Vancity Investment Management’s Head of ESG. “When we invest for our clients, we don’t merely watch from afar; we actively engage with companies to enhance their practices, advocate for responsible environmental stewardship, and ensure social responsibility,” added Kelly.

    Vancity Investment Management continues to lead the way in working to create an inclusive economy in Canada, putting people and the planet at the centre of its engagement work.

    To learn more about how Vancity Investment Management focuses on investments that deliver competitive returns while making a positive impact, read the full Shareholder Engagement Report.

    About Vancity Investment Management

    Vancity Investment Management provides management services to individuals, foundations and institutions across Canada that wish to generate wealth through sustainable, profitable and responsible investments. Established in 1995, it was one of the first wealth management firms in Canada to provide investments that deliver competitive returns while making a positive impact on the world. Vancity Investment Management is part of the Vancity Group that includes Vancity, a values-based financial co-operative serving the needs of its more than 560,000 member owners and their communities. With $34 billion in assets, plus assets under administration, Vancity is Canada’s largest community credit union. Vancity Investment Management and Vancity operate primarily within the territories of the Coast Salish and Kwakwaka’wakw people in British Columbia.

    Media Relations

    mediarelations@vancity.com
    T: 778-837-0394

    The MIL Network –

    September 29, 2024
  • MIL-OSI: IDEX Biometrics extraordinary general meeting held on 23 Sep 2024

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA held an extraordinary general meeting on 23 September 2024. 87.2 million shares or 25.7% of the share capital was represented at the meeting.

    The authorisation to the board to issue new shares, was approved by the extraordinary general meeting. The board will apply this authorization to issue the Tranche 1 Shares as disclosed in connection with the private placement on 16 September 2024: https://newsweb.oslobors.no/message/627919 .

    For the avoidance of doubt, the issue of Tranche 2 Shares and the Subsequent Offering will be presented to the extraordinary general meeting on 9 October 2024; https://newsweb.oslobors.no/message/627919 .

    For further information contact:
    Marianne Bøe, Head of investor relations
    E-mail: marianne.boe@idexbiometrics.com
    Tel: +47 918 00186

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    About this notice
    This notice was issued by Erling Svela, Vice president of finance, on 23 June 2024 at 13:35 CET on behalf of IDEX Biometrics ASA. This information is subject to disclosure pursuant to Euronext Oslo Børs rule book, and also section 5‑8 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5‑12 of the STA.

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Stardust Power Welcomes Paramita Das as Chief Strategy Officer and Senior Advisor to Chief Executive

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced that Paramita Das will join as Chief Strategy Officer and Senior Advisor. She will directly advise the Company’s Chief Executive Officer and Founder, Roshan Pujari.

    With a 20-plus year career of increasing leadership roles and responsibilities at some of the world’s largest metals and minerals companies, Ms. Das has agreed to serve as Stardust Power’s lead external adviser, supporting the Company’s next phase of commercialization and development.

    “We are ecstatic to be working with Paramita given her stature and global leadership experience in the metals and mining sector, as we continue to advance our battery-grade lithium refinery in Oklahoma,” said Roshan Pujari. “Paramita shares our vision of reshoring lithium processing and production to support U.S. energy independence. I look forward to working closely with her to ensure Stardust Power remains at the forefront of operational supply chain and sustainability practices.”

    Ms. Das has over 20 years of experience working with and serving on the boards of global companies, and brings deep expertise in leading teams of commercial, business development and technical professionals. Previously, she spent over 8 years at Rio Tinto, the world’s second largest metals and mining corporation, most recently serving as the Global Head of Marketing, Development and ESG, Metals and Minerals for various Rio Tinto Corporate listed entities. She also had lead roles in commercialization by transforming business segments into highly profitable divisions. Previously, she served as Chief Strategy Officer for Operating Consortium of Sumitomo Corporation, Itochu Corporation, UACJ Consortium and Head of Strategic Planning & Performance at BP’s business unit. She currently serves on the Board of Directors of Genco Shipping & Trading Limited, and Coeur Mining, Inc.  

    “I am thrilled to join the exceptional team at Stardust Power as Chief Strategy Officer and Senior Advisor,” said Ms. Das. “As an emerging growth company, Stardust Power offers a unique opportunity to establish a leading U.S. lithium refinery from the ground up. This role allows me to leverage my expertise in commodities and mining while addressing crucial aspects like electrification and supply chain security. I am eager to contribute to creating a robust ESG framework for how we communicate, operate, and report to stakeholders. I look forward to supporting Roshan and the entire Stardust Power team in this exciting and impactful mission.”

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to supply the electric vehicle (EV) industry and bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez 
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson 
    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power 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 expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/924a57ab-c2fd-470b-8f4a-3d5748996048

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Heritage Holding Closes Inaugural Fund with Support from Institutional Capital

    Source: GlobeNewswire (MIL-OSI)

    Fundraising Target Met in Four Months with $220 Million in Committed Capital

    Strong Interest from Institutional, High-Net-Worth and Existing Investors

    BOSTON, Sept. 23, 2024 (GLOBE NEWSWIRE) — Heritage Holding (“Heritage” or “the Company”), a Boston-based private equity firm focused on advancing its successful record of partnering with small business owners and founders, today announced the successful close of its first, institutionally-backed Fund I (the “Fund”) with total committed capital of $220 million. The fundraise was completed in four months and was oversubscribed with commitments from leading institutional investors, high-net-worth individuals and existing investors.

    Heritage was founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter. Since inception, the Company has established itself as a leader in acquiring and growing small businesses across the services sector, working closely with owners and founders through operational improvements and M&A to build their companies into industry leaders. The Company’s dedicated investment team is highly experienced in sourcing acquisitions and strives to unlock overlooked opportunities in the small business world. Heritage’s history and forward ambition is to partner with successful business owners in providing private equity capital for M&A and sales growth, software implementation and, when desirable, enabling sellers to transition out of their companies over time.

    “Our goal is to focus on five platforms in industries that are on our shortlist and to scale those platforms quickly,” said Ross Porter, Heritage Holding Co-Founder. “Operational bandwidth and focused resources for growth are scarce in the small business ecosystem, which gives Heritage a unique opportunity to identify attractive founder led businesses across a variety of critical industries and build high performing and sustainable companies that can drive attractive outcomes for all stakeholders.”

    “Ross and I are extremely proud of the firm we have built, and we are grateful for the continued support of our investors, advisors and for the hard work of the HH team,” said Alex de Pfyffer, Heritage Holding Co-Founder. “With strong support from a world-class team of investors, the closing of this fund allows us to continue partnering with small business owners, founders and entrepreneurs to successfully grow their businesses and build leading platforms to better serve customers.”

    Small businesses often face unique operational challenges. The Heritage team recognizes and supports these challenges by taking on essential operations roles in the businesses in which the Company invests. In addition to Heritage’s strong operational involvement, the firm differentiates its value creation strategy by enhancing systems and software, focusing on driving new sales growth and enabling rapid and sustainable scaling through mergers and acquisitions.

    “Heritage did what they said they were going to do, they took care of my team, they tripled my business in size, expanded to the West Coast, and we opened a new successful operation in Canada. They are skilled executives and business operators, but above all they are trustworthy and honest good people,” said Paul Maiuri, former owner of Maicom.

    Heritage invests across the business services, healthcare, technology, telecom & IT services, industrial services and special situations industries. Since its founding, Heritage has completed over 25 acquisitions across eight platform companies.

    About Heritage Holding

    Heritage Holding is a micro-cap private equity firm that partners with small business owners and founders to build great companies by driving growth, increasing scale, diversifying service offerings and expanding businesses’ geographic footprints. Founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter, the firm targets companies across the business services, healthcare, technology, telecom & IT services, industrials and special situations industries where it feels it can add value through its operational expertise.

    Since inception, Heritage has completed 25 acquisitions across eight platform investments and has an investment team of over 12 individuals.

    Heritage is headquartered in Boston, MA and has offices in New York, NY and Raleigh, NC. For more information, please visit www.heritage-holding.com.

    Contact

    Dan Gagnier
    Gagnier Communications
    HeritageHolding@gagnierfc.com

    The MIL Network –

    September 29, 2024
  • MIL-OSI Economics: Wealth State Group: The financial supervisory authority BaFin warns against offers on the website wealthstategroup.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    It is suspected that banking business and financial or investment services are provided on this website without the required authorisation. The company is not supervised by the alleged FISEU (European Financial Security). There is no FISEU supervisory authority and it does not supervise companies that operate in the financial sector.

    Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

    September 29, 2024
  • MIL-OSI United Kingdom: Chancellor unveils package to deliver promises of new government

    Source: United Kingdom – Executive Government & Departments

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government.

    • 750 schools with primary aged pupils funded for breakfast club pilot to run from April 2025
    • New Industrial Strategy to be published in spring
    • Decision to write off over £640 million in written off Covid PPE contracts reversed
    • HMRC to consult on e-invoicing for businesses and government departments

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government including a breakfast club pilot for 750 schools with primary aged pupils, new powers for the Covid Corruption Commissioner, e-invoicing to support business and the next steps on the government’s industrial strategy.

    School Breakfast Club Pilot

    The Chancellor announced that up to 750 schools with primary aged pupils will be invited to take part in a £7 million breakfast club pilot. The funding will allow these schools to run free breakfast clubs for their pupils in the summer term (April-July 2025).

    The Department for Education will work with the schools selected as part of the pilot to understand how breakfast clubs can be delivered to meet the needs of schools, parents and pupils when the programme is rolled out nationally.

    This will help reduce the number of students at schools with primary aged pupils starting the school day hungry and ensure children come to school ready to learn. It will also support the government’s aim to tackle child poverty by addressing rising food insecurity among children.

    Covid Corruption Commissioner

    Reeves also announced a block on any Covid-era PPE contract being abandoned or waived until it has been assessed by the new Covid Corruption Commissioner, whom will be appointed in October. 

    The decision will affect £647 million of Covid PPE contracts where contract recovery was previously earmarked to be waived. 

    It follows action already in motion to cut government waste and curb unnecessary spending. In her statement to Parliament in July, the Chancellor pledged to halve government consultancy spend from 2025-26, with savings targets of £550 million this financial year and a further £680 million in the next already announced.

    Excessive use of ministerial travel by aeroplane and helicopter is also being cutdown, with a contract for a VIP helicopter previously cancelled.

    Industrial Strategy

    The Chancellor also today announced that the Industrial Strategy will be at the heart of the government’s mission to grow the economy, unlock investment and make every part of the country better off. It will focus on delivering long-term change to the economy by making Britain a clean energy superpower and accelerating to net zero, breaking down barriers to regional growth, and building a secure and resilient economy.

    A green paper will be published around Budget in October outlining the long-term sectoral growth and priority industries of the government, ahead of the final strategy published in the spring of 2025 following a consultation with business.

    HMRC package

    Chancellor Reeves also outlined a package of reforms to improve the UK’s tax system to help fix the foundations of the UK economy.

    As part of the package, HMRC will soon launch a consultation on electronic invoicing (e-invoicing) to promote its wider use across UK businesses and government departments.

    The introduction of e-invoicing can significantly reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns – all helping to close the tax gap. The consultation will gather input from businesses on how HMRC can support investment in and encourage e-invoicing uptake.

    The Chancellor also announced that Exchequer Secretary to the Treasury James Murray, the minister responsible for the UK’s tax system, has become the Chair of the HMRC Board. This is to help oversee the implementation of his three strategic priorities for HMRC; closing the tax gap, modernising and reforming, and improving customer service.

    It was also announced that a new Digital Transformation Roadmap, aimed to be published in Spring 2025, will set out HMRC’s vision to be a digital first organisation underpinned by customer insight. The Roadmap will include measures to ensure digital inclusion and support for customers who cannot yet interact digitally.

    There was a further update that new staff are expected to join HMRC’s training programme in November as 200 additional offer letters have been issued as part of the 450 letters already sent. This is part of HMRC’s plans to recruit an additional 5,000 compliance staff to help close the tax gap.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 23 September 2024

    MIL OSI United Kingdom –

    September 29, 2024
  • MIL-OSI Africa: Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance

    Source: Africa Press Organisation – English (2) – Report:

    ANTANANARIVO, Madagascar, September 23, 2024/APO Group/ —

    Presidents of Madagascar and Tanzania praise Africa50’s critical role in addressing the continent’s infrastructure challenges; Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years, Adesina.

    Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development Bank, is exceeding expectations and closing critical infrastructure funding gaps through innovative financing mechanisms and strategic partnerships, stakeholders heard on Thursday.

    Speaking at Africa50’s 2024 annual General Shareholders Meeting held in Antananarivo, the President of Madagascar, Andry Rajoelina, and his Tanzanian counterpart,  Samia Suluhu Hassan, acknowledged the institution’s pivotal role in addressing the continent’s infrastructure and economic challenges, creating a foundation for sustainable development and prosperity.  

    President Rajoelina highlighted how Africa50 is driving transformational change by mobilizing financing for large-scale infrastructure projects in his country and across the continent.

    He said Madagascar, with its abundant natural and renewable resources, has become a model for energy transition, and added that the country needs the support of international partners such as Africa50.

     “To realise our vision, we need the support of international partners, and this is where the role of Africa50 members is crucial. We need to work together to secure funding for ambitious projects and enable Madagascar to make the transition to green, sustainable energy. This is a challenge for the whole of Africa,” the president said.

    He remarked that the continent has a unique opportunity to reaffirm itself as a global leader in the climate change challenge by supporting innovative and sustainable projects. “Africa is not the problem, Africa is a solution.”

    President Samia Suluhu Hassan, in a speech read by the  Minister of Finance and Planning, Mwigulu Lameck Nchemba Madelu, described clean cooking as an international agenda and a business that must be treated as such.

    According to the International Energy Agency, nearly one billion people in Africa cook with polluting fuels, which has a direct impact on health and leads to half a million premature deaths every year. Yet, the cost of solving the clean energy problem is relatively low.

    The Tanzanian leader encouraged the use of clean cooking microfinance by providing low-interest loans to households to purchase clean cookstoves, allowing for a more manageable transition to clean cooking solutions… “It is crucial to make clean cooking affordable, especially in low-income areas. Governments can introduce effective incentives for producers and consumers to reduce the cost of cooking materials,” the Tanzanian president said.

    The meeting brought together global leaders, policymakers, investors, and infrastructure experts to strategize and collaborate on the actions needed to mobilize investment in a sustainable future for Africa.

    “The fact that Africa50 is exceeding expectations and bridging the funding gap by tackling today’s challenges through innovative financing mechanisms and strategic partnerships is good news for Africa and the world,” President and Chairman of the Boards of Directors of the African Development Bank Group Dr. Akinwunmi Adesina said in a keynote speech at the event.

    Adesina, who is also Chairman of the Africa50 Board of Directors, told the meeting that Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing In just seven years of operation. “Its portfolio includes 25 transformative projects in 28 countries, with a total value exceeding $8 billion across energy, transport, digital infrastructure, education, and healthcare sectors.”

    In December 2023, the Africa50 Infrastructure Acceleration Fund (IAF) secured $222.5 million at first close from predominantly African investors, a first for the continent.

    Africa50’s vision for Africa’s future

    With Africa’s population projected to reach 2.5 billion by 2050 and a booming consumer market, the continent will be one of the most sought-after investment destinations in the world, Adesina told the meeting, “We are determined to continue mobilizing capital, overcoming barriers to investment, and delivering transformative projects.”

    In his remarks, Africa50 CEO Alain Ebobissé said over the past year, the institution had invested in key infrastructure projects, guided by the need for speed and scale in implementation for the continent. “Investors manage more than $2.3 trillion in Africa. Africa50 aims to mobilise and catalyse some of this capital to finance infrastructure in Africa,” he said.

    He highlighted Africa50’s Infrastructure Acceleration Fund as an achievement that is the first of its kind in Africa.

    “This fund is a significant step forward in mobilising African capital to bridge Africa’s infrastructure gap,” Ebobissé added.

    In 2023, Africa50 demonstrated its potential by facilitating significant foreign direct investment in clean energy, even as global FDI declined by 3%.

    With over 60% of the world’s solar energy potential, Africa has a golden opportunity to pursue a low-carbon energy trajectory, expand its electricity supply, and decarbonize its economies.

    Madagascar, the world’s fourth-largest island nation, was cited as an example of how infrastructure development can stimulate economic growth.

    The African Development Bank’s commitments in Madagascar total more than 1 billion dollars, with transport, energy, and agriculture accounting for more than 97% of the portfolio.

    The flagship Sahofika project, which will be the benchmark for green baseload in the country’s energy mix, will reduce the share of thermal power generation to less than of thermal generation to less than 10%, cutting the country’s generation costs by more than 30%.

    Transport infrastructure

    The African Development Bank remains committed to supporting Madagascar in its efforts to improve connectivity and promote trade across the continent through sustainable transport infrastructure projects, Adesina said.

    “Thanks to the corridor development and trade facilitation project, 165 km of roads, including the Analamisampy-Manja section, along with four bridges on the RN9, have been constructed, reducing travel time from 48 hours to just 5 hours,” Adesina said.

    “Transport infrastructure improvements are also revolutionizing trade and travel, reducing travel times along key corridors from 48 hours to just five hours,” he added.

    MIL OSI Africa –

    September 29, 2024
←Previous Page
1 … 5,861 5,862 5,863 5,864 5,865 … 5,934
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress