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  • MIL-OSI: Troller Cat Launches Beta Game Center Ahead of Presale Price Hike, Raises Over $325K in Stage 13

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Ethereum-based project Troller Cat ($TCAT) has officially launched the Beta version of its Game Center as its presale enters Stage 13. With over $325,000 raised and a 15% price increase set to go live in 72 hours, the project is attracting growing interest from meme coin investors and gaming enthusiasts alike.

    The newly released Troller Cat Game Center Beta features two browser-based games—Troller Verse, an endless runner, and Troller Dash, a wall-jumping reflex game. The games are inspired by viral internet culture and reflect the project’s broader mission to blend community humor with gamified tokenomics.

    “We believe meme coins can do more than ride hype cycles,” said a Troller Cat spokesperson. “The Game Center is the first step toward utility that rewards engagement while supporting token value through monetization and deflationary mechanics.”

    Gamified Tokenomics with Burn-Back Utility

    While the current Beta release focuses solely on gameplay, the full launch will introduce video and display ads, generating revenue that will be used to buy back and burn $TCAT tokens from the open market. This deflationary mechanism is designed to reduce supply over time while incentivizing long-term participation.

    The presale is structured across 26 themed stages, each referencing iconic internet “troll” moments. Stage 13, called “The ‘Friday’ Phenomenon”, draws from the viral rise of pop culture content. The current token price is $0.00008406, with a listing price set at $0.0005309, offering potential early investors a discounted entry point ahead of the next price tier.

    More than 1,400 holders have already joined the presale, and with just three days remaining before the next 15% price increase, the window for entry at this level is closing.

    Market Context: Meme Coin Sector Shows Signs of Rotation

    Troller Cat’s momentum comes as other meme coins show signs of cooling. Notably, Dogwifhat (WIF) and Dogs (DOGS) have experienced price corrections in the past 24 hours, down 7.29% and 5.83%, respectively. Market participants are now closely watching emerging tokens with utility-driven mechanics and structured presale phases.

    Tokenomics Snapshot

    • Current Stage 13 Price: $0.00008406
    • Listing Price: $0.0005309
    • Projected ROI from Stage 13 to Listing: ~531.57%
    • Current Holders: 1,400+
    • Presale Raised: Over $325,000
    • Next Price Increase: In 72 hours (Stage 14)

    For users purchasing $25 or more, a referral code system is available, allowing both referrers and referees to receive a 10% bonus on token allocations.

    About Troller Cat

    Troller Cat ($TCAT) is an Ethereum-based meme coin project combining viral internet culture, structured presale mechanics, and gamified economics. With 26 themed presale stages, a community-first approach, and a deflationary model powered by ad revenue, Troller Cat aims to redefine the meme coin experience through interactive participation and scarcity-driven value creation.

    For More Information:

    Media Contact:
    Troller Cat Team
    Email: info@trollercat.io
    Admin@trollercat.com

    Telegram: https://t.me/trollercatofficial

    Disclaimer: This content is provided by Troller Cat. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

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    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/fd5971de-f1af-41d6-b4c7-822feb269d2e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/edc87764-a86f-4f9f-af92-65f68f200b94

    The MIL Network –

  • MIL-OSI: DIAGNOS Files FDA Pre-Submission for its CARA System: Strategic Entry into the U.S. Optometry Market with Support from ORA LLC

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, July 16, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a Canadian leader in artificial intelligence (AI) for the early detection of retinal and systemic diseases, is proud to announce that it has formally submitted a Pre-Submission (Q-sub) to the U.S. Food and Drug Administration (FDA) for its flagship CARA System. This filing marks the first strategic step toward regulatory clearance and commercial deployment in the U.S. optometry market.

    The CARA System—DIAGNOS’ cloud-based platform—is designed to inform optometrists by providing AI-assisted analysis of retinal images to detect indicators of Diabetic Retinopathy (DR), Hypertensive Retinopathy (HR), Age-Related Macular Degeneration (ARMD), and other vascular or macular anomalies.

    The United States hosts approximately 49,300 actively practicing optometrists, according to the U.S. Bureau of Labor Statistics (May 2023) who, to the American Optometric Association, perform an estimated 88 million comprehensive eye exams annually. Given this high volume of routine evaluations, DIAGNOS sees a strong market for its AI assisted solution which is designed to enhance efficiency, ensure greater consistency, and support early detection in everyday optometric practice.

    Enhancing Optometry Through AI-Driven Microcirculation Analysis

    The CARA System also enables evaluation of the retina’s microcirculation—an important window into systemic vascular health—by analyzing subtle vascular changes that may indicate early disease.

    “CARA has been designed to perform image analysis and provide informative results at the fingertips of optometrists, giving them more time to focus on meaningful patient interactions and recenter the patient at the heart of the visit,” said Yves-Stéphane Couture, Chief Operating Officer of DIAGNOS.

    By delivering fast, AI-driven insights through a streamlined, intuitive interface, CARA not only accelerates documentation—it also enhances the role of the optometrist by providing tools to detect early signs of Age-Related Macular Degeneration (ARMD), Diabetic Retinopathy (DR), and Hypertensive Retinopathy (HR), supporting more accurate referrals and timely intervention for systemic conditions.

    The eye is a window into your heart—and DIAGNOS gives optometrists the clarity to see through it. We are proud to take this significant step toward entering the U.S. market. We would like to express our sincere appreciation to ORA for their outstanding regulatory support and ophthalmic device expertise, which have been instrumental throughout the pre-submission process.”

    CARA’s dataset is the result of screenings conducted in 16 countries, encompassing retinal images from over 450,000 patients. This global foundation ensures the robustness and adaptability of the system across diverse populations, enabling more reliable detection and information for clinical decision-making in various healthcare settings.

    About DIAGNOS

    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.

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

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

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

    The MIL Network –

  • MIL-OSI: DIAGNOS Files FDA Pre-Submission for its CARA System: Strategic Entry into the U.S. Optometry Market with Support from ORA LLC

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, July 16, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a Canadian leader in artificial intelligence (AI) for the early detection of retinal and systemic diseases, is proud to announce that it has formally submitted a Pre-Submission (Q-sub) to the U.S. Food and Drug Administration (FDA) for its flagship CARA System. This filing marks the first strategic step toward regulatory clearance and commercial deployment in the U.S. optometry market.

    The CARA System—DIAGNOS’ cloud-based platform—is designed to inform optometrists by providing AI-assisted analysis of retinal images to detect indicators of Diabetic Retinopathy (DR), Hypertensive Retinopathy (HR), Age-Related Macular Degeneration (ARMD), and other vascular or macular anomalies.

    The United States hosts approximately 49,300 actively practicing optometrists, according to the U.S. Bureau of Labor Statistics (May 2023) who, to the American Optometric Association, perform an estimated 88 million comprehensive eye exams annually. Given this high volume of routine evaluations, DIAGNOS sees a strong market for its AI assisted solution which is designed to enhance efficiency, ensure greater consistency, and support early detection in everyday optometric practice.

    Enhancing Optometry Through AI-Driven Microcirculation Analysis

    The CARA System also enables evaluation of the retina’s microcirculation—an important window into systemic vascular health—by analyzing subtle vascular changes that may indicate early disease.

    “CARA has been designed to perform image analysis and provide informative results at the fingertips of optometrists, giving them more time to focus on meaningful patient interactions and recenter the patient at the heart of the visit,” said Yves-Stéphane Couture, Chief Operating Officer of DIAGNOS.

    By delivering fast, AI-driven insights through a streamlined, intuitive interface, CARA not only accelerates documentation—it also enhances the role of the optometrist by providing tools to detect early signs of Age-Related Macular Degeneration (ARMD), Diabetic Retinopathy (DR), and Hypertensive Retinopathy (HR), supporting more accurate referrals and timely intervention for systemic conditions.

    The eye is a window into your heart—and DIAGNOS gives optometrists the clarity to see through it. We are proud to take this significant step toward entering the U.S. market. We would like to express our sincere appreciation to ORA for their outstanding regulatory support and ophthalmic device expertise, which have been instrumental throughout the pre-submission process.”

    CARA’s dataset is the result of screenings conducted in 16 countries, encompassing retinal images from over 450,000 patients. This global foundation ensures the robustness and adaptability of the system across diverse populations, enabling more reliable detection and information for clinical decision-making in various healthcare settings.

    About DIAGNOS

    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.

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

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

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

    The MIL Network –

  • MIL-OSI: Wilshire Indexes and GCM Grosvenor Launch Private Market Infrastructure Index, Laying Foundation for Broader Strategic Alliance

    Source: GlobeNewswire (MIL-OSI)

    LONDON and CHICAGO, July 16, 2025 (GLOBE NEWSWIRE) — Wilshire Indexes, a global leader in index design, and GCM Grosvenor (NASDAQ: GCMG), a leading global alternative asset management solutions provider, today announced the launch of the jointly developed FT Wilshire Private Markets Infrastructure Index (the “Index”). This first-of-its-kind benchmark fills a void for the asset class by providing investors with a transparent, reliable reference point based on the performance of a diversified universe of leading open-ended infrastructure funds. Until now, infrastructure investors lacked a comprehensive benchmark that truly reflected the breadth of the market. To address growing demand for passive exposure to this universe of assets, GCM Grosvenor is developing one or more investable vehicles designed to track the Index, with anticipated launches in the coming months.

    The Index was created through close collaboration between Wilshire Indexes and GCM Grosvenor, leveraging the breadth, depth, and global scale of both organizations, with support of a select group of leading open-ended infrastructure funds. Wilshire Indexes will calculate and govern the benchmark, drawing on its four-decade heritage of transparent, rules-based index methodologies and next-generation data analytics technology. GCM Grosvenor, leveraging its $82 billion alternative investments platform, will contribute ongoing private market insights and risk management expertise as the Index evolves. In addition, GCM Grosvenor is advancing plans for a single point-of-entry investment vehicle, which it will manage, that will track the Index and offer investors streamlined access to diversified infrastructure exposure.

    “This partnership brings together Wilshire Indexes’ index innovation with GCM Grosvenor’s deep private markets expertise to deliver a simple, scalable solution for infrastructure investing,” said Mark Makepeace, Chief Executive Officer of Wilshire Indexes. “We’re proud to help set a new standard for transparency and accessibility in private assets.”

    Jon Levin, President of GCM Grosvenor, added, “Institutional investors are increasingly asking for an efficient way to gain diversified infrastructure exposure. Working with Wilshire Indexes lets us answer that call today – and lays the groundwork for additional alternative investment products.”

    North Dakota Trust Lands, a longstanding collaborator with both Wilshire Indexes and GCM Grosvenor, played an instrumental role in forging the partnership behind the index and anticipated investor-focused product. “Allocators like us have long searched for a volatility-matched, risk-appropriate, and investable infrastructure benchmark, and we believe that Wilshire Indexes and GCM Grosvenor have the best expertise to help bring this vision to life,” said Frank Mihail, Chief Investment Officer of North Dakota Trust Lands.

    Following the launch of the Infrastructure Index, the Wilshire Indexes and GCM Grosvenor intend to collaborate on additional alternative investment indices and complementary investable products across the alternative investments landscape. Future initiatives will capitalize on the breadth, depth, and global scale of both organizations, leveraging advanced data analytics and scalable technology platforms to further enhance transparent access to alternative assets.

    Wilshire Indexes expects to publish the initial Index results to subscribers in the third quarter of 2025. GCM Grosvenor anticipates launching the prospective tracking vehicles later this year, subject to customary approvals.

    About Wilshire Indexes

    Wilshire Indexes is a global index provider that empowers institutional investors, asset managers and retail intermediaries with unmatched flexibility in solving benchmarking, portfolio construction, and risk management challenges. Transforming the way investors use benchmarks to realize their objectives, Wilshire Indexes provides global coverage of the markets through the leading FT Wilshire Index Series. Combining new technology and modular products in a growth-aligned commercial model designed for collaboration, efficiency, and speed to market, Wilshire Indexes offers a completely new way to work with an index provider.

    About GCM Grosvenor

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $82 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.

    About North Dakota Department of Trust Lands

    The North Dakota Department of Trust Lands manages 2.6 million mineral acres, 700,000 surface acres and 13 permanent education trusts, including the Common Schools Trust Fund currently valued at over $7.5 billion. The Department operates under the direction of the five-member North Dakota Board of University and School Lands, chaired by the governor of North Dakota. Mineral royalty income, agricultural rents and easement revenues from state-owned lands are invested to provide income and grow trusts to benefit education now and for future generations. Since 2014, the Common Schools Trust Fund has distributed more than $2 billion to support North Dakota K-12 education, reducing the burden on local property taxpayers and the state’s general fund. During the 2025-2027 biennium, the Common Schools Trust Fund will distribute $585 million, translating to approximately $2,508 in funding per K-12 student and contributing 24% of the state funding share.

    Media Contact

    Tom Johnson and Abigail Ruck
    H/Advisors Abernathy
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global
    212-371-5999

    The MIL Network –

  • MIL-OSI: Point Predictive Brings Industry-Leading Fraud Detection And Automation to MeridianLink Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 16, 2025 (GLOBE NEWSWIRE) — Point Predictive, the leader in fraud prevention solutions for the lending industry, today announced a new integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The new integration with MeridianLink® Consumer is in addition to the previous integration of MeridianLink DecisionLender®.

    The new integration allows financial institutions to leverage Point Predictive’s comprehensive risk scoring, alerts, and reporting capabilities without leaving their existing MeridianLink Consumer workflow. By embedding AutoPass™ technology directly into the loan origination process, lenders can identify potential fraud in real time while simultaneously reducing document requirements for low-risk applicants. This empowers financial institutions to better protect themselves from fraud while helping to streamline the lending process for members and customers.

    “Credit Unions and banks today face the challenge of combating increasingly sophisticated fraud schemes while meeting their members’ expectations for faster, safer, and more convenient lending experiences,” said Tim Grace, CEO of Point Predictive. “Our integration with MeridianLink Consumer addresses those challenges by delivering powerful fraud detection capabilities within lenders’ existing processes to help identify risk without introducing friction for legitimate borrowers. We are proud to expand our partnership with MeridianLink to bring our powerful scores and alerts to their over 1,900 customers that depend on them.”

    AutoPass helps financial institutions automatically approve up to 80% of credit-approved applications by providing insights that can reduce requirements for proof of income, employment, and identity. The solution’s comprehensive risk score helps prevent 40% to 60% of loans that would default in the first 6-12 months, which often accounts for a significant portion of lender losses annually.

    “At MeridianLink, we’re committed to providing our clients with best-in-class technology that enhances operational efficiency while protecting their financial interests,” said Megan Pulliam, SVP of Marketplace at MeridianLink. “Integrating Point Predictive’s AutoPass solution gives our clients powerful new tools to help combat fraud without sacrificing the streamlined lending experience that both consumers and financial institutions expect.”

    For credit unions and community banks that may lack extensive fraud prevention resources, the integration provides enterprise-level protection through an easy-to-implement solution. The technology draws on Point Predictive’s proprietary data repository of over 87 billion risk insights, encompassing billions of risk attributes across hundreds of millions of historical loan applications from hundreds of lenders and banks.

    The integration features over 150 comprehensive alerts to identify various fraud types, including identity fraud, income fraud, employment fraud, straw borrowers (those buying a vehicle for someone else but representing it is for themselves), collateral fraud (misrepresentation of the vehicle VIN number, etc.), and Dealer fraud.

    Early adopters report significant benefits, including reduced fraud losses, faster application processing times, and increased loan conversion rates. One credit union using the integrated solution has seen a 45% reduction in stipulation requests and a 38% increase in conversions by automating their fraud checks with Point Predictive’s scores and alerts.

    The integration is available to all MeridianLink Consumer, DecisionLender®, and LoansPQ platform customers.

    About Point Predictive

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as paystubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line. For more information, please visit pointpredictive.com.

    About MeridianLink

    MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.

    For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.

    The MIL Network –

  • MIL-OSI: Point Predictive Brings Industry-Leading Fraud Detection And Automation to MeridianLink Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 16, 2025 (GLOBE NEWSWIRE) — Point Predictive, the leader in fraud prevention solutions for the lending industry, today announced a new integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The new integration with MeridianLink® Consumer is in addition to the previous integration of MeridianLink DecisionLender®.

    The new integration allows financial institutions to leverage Point Predictive’s comprehensive risk scoring, alerts, and reporting capabilities without leaving their existing MeridianLink Consumer workflow. By embedding AutoPass™ technology directly into the loan origination process, lenders can identify potential fraud in real time while simultaneously reducing document requirements for low-risk applicants. This empowers financial institutions to better protect themselves from fraud while helping to streamline the lending process for members and customers.

    “Credit Unions and banks today face the challenge of combating increasingly sophisticated fraud schemes while meeting their members’ expectations for faster, safer, and more convenient lending experiences,” said Tim Grace, CEO of Point Predictive. “Our integration with MeridianLink Consumer addresses those challenges by delivering powerful fraud detection capabilities within lenders’ existing processes to help identify risk without introducing friction for legitimate borrowers. We are proud to expand our partnership with MeridianLink to bring our powerful scores and alerts to their over 1,900 customers that depend on them.”

    AutoPass helps financial institutions automatically approve up to 80% of credit-approved applications by providing insights that can reduce requirements for proof of income, employment, and identity. The solution’s comprehensive risk score helps prevent 40% to 60% of loans that would default in the first 6-12 months, which often accounts for a significant portion of lender losses annually.

    “At MeridianLink, we’re committed to providing our clients with best-in-class technology that enhances operational efficiency while protecting their financial interests,” said Megan Pulliam, SVP of Marketplace at MeridianLink. “Integrating Point Predictive’s AutoPass solution gives our clients powerful new tools to help combat fraud without sacrificing the streamlined lending experience that both consumers and financial institutions expect.”

    For credit unions and community banks that may lack extensive fraud prevention resources, the integration provides enterprise-level protection through an easy-to-implement solution. The technology draws on Point Predictive’s proprietary data repository of over 87 billion risk insights, encompassing billions of risk attributes across hundreds of millions of historical loan applications from hundreds of lenders and banks.

    The integration features over 150 comprehensive alerts to identify various fraud types, including identity fraud, income fraud, employment fraud, straw borrowers (those buying a vehicle for someone else but representing it is for themselves), collateral fraud (misrepresentation of the vehicle VIN number, etc.), and Dealer fraud.

    Early adopters report significant benefits, including reduced fraud losses, faster application processing times, and increased loan conversion rates. One credit union using the integrated solution has seen a 45% reduction in stipulation requests and a 38% increase in conversions by automating their fraud checks with Point Predictive’s scores and alerts.

    The integration is available to all MeridianLink Consumer, DecisionLender®, and LoansPQ platform customers.

    About Point Predictive

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as paystubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line. For more information, please visit pointpredictive.com.

    About MeridianLink

    MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.

    For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.

    The MIL Network –

  • MIL-OSI: Micropolis Establishes Strategic Partnership with Hader Security and Communication Systems

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 16, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced it has signed a Memorandum of Understanding (MoU) with Hader Security and Communication Systems (“HSCS”), a leading provider of integrated security and communication solutions in the UAE, to establish a strategic partnership which will combine artificial intelligence (AI) and autonomous mobility secure capabilities with reliable communication infrastructure to serve both the public and private sectors.

    Micropolis and HSCS will partner to deliver integrated, high-performance solutions to support each other’s business efforts on a global basis. This collaboration brings together Micropolis’ expertise in AI and autonomous robotics technologies with HSCS’s complementary capabilities as a specialist in mission-critical communications technologies.

    “Our collaboration with HSCS to introduce new AI, robotic solution and advanced communication solutions reflects Micropolis’ commitment to advancing organizations’ goals through the utilization of smart and innovative technologies,” said Fareed Aljawhari, Founder & CEO of Micropolis. “By combining our autonomous robotics and AI capabilities with HSCS’s communications proficiency, we can deliver novel, integrated solutions for organizations within the UAE and beyond.”

    Under this agreement, Micropolis and HSCS will collaborate to design, develop, and deploy integrated robotic and communication solutions across various sectors as well as to identify and pursue joint business opportunities. The partnership builds upon the successful interoperability testing between Micropolis’s autonomous mobile robot (AMR) platforms and HSCS’s proprietary RASIL MESH radio communication system.

    “We’re proud to join forces with Micropolis, a leader in advanced mobile robotics and AI. Together, we bring unmatched capabilities to the table—combining our strengths to deliver a powerful, end-to-end robotics and communications solution. This partnership positions us to meet the surging demand for intelligent automation, empowering customers to streamline operations, cut costs, and boost productivity with confidence,” said Mohamad Tabbara, Founder & CEO of HSCS.

    About Micropolis Holding Co.
    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    About Hader Security and Communication Systems (HSCS)
    Hader Security and Communication Systems (HSCS) is a leading provider of integrated security and communication solutions in the UAE. With a focus on delivering state-of-the-art technologies, HSCS specializes in tailored systems for critical infrastructure, government, and industrial operations. By combining innovation with expertise, HSCS empowers clients to achieve operational excellence and enhance safety across dynamic environments.

    For more information please visit www. https://www.hscsystem.com.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/000a1f0f-7193-431b-a9d2-dd417402bf09

    The MIL Network –

  • MIL-OSI: Wix Launches AI Visibility Overview With Full Generative Engine Optimization Support For AI-Powered Search

    Source: GlobeNewswire (MIL-OSI)

    The AI Visibility Overview is setting a new standard for Generative Engine Optimization (GEO) by giving users unprecedented insight over how their brand appears in AI search engines

    NEW YORK – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally¹, today announced the launch of its AI Visibility Overview, a new solution that goes beyond traditional SEO tools, positioning brands for discoverability in the emerging era of  large language models (LLM). As part of Wix’s broader Generative Engine Optimization (GEO) initiative, this tool empowers users to understand, monitor, and actively improve how their brand appears in LLM-based search engines, such as ChatGPT, Gemini, Perplexity, and Claude,  helping brands stay ahead as LLMs redefine the landscape of SEO and online discovery. Wix is the first CMS to offer this kind of AI visibility natively, setting a new benchmark for AI search optimization tools within website platforms.

    As LLMs become a key gateway for users seeking information and making decisions, visibility in AI-generated responses is quickly becoming essential for online success. GEO offers visibility into how a brand is perceived and surfaced by leading AI models, transforming how businesses approach their presence in the age of generative AI. Fully integrated into Wix’s SEO suite and accessible through the Analytics dashboard, GEO reflects Wix’s response to the evolving nature of search, providing users with a wide view of how their brand and content are being surfaced and engaged with across AI-powered platforms.

    Capabilities of the AI Visibility Overview include:

    • Manage AI citations & visibility: Users can track how often their website is cited by AI platforms in response to relevant queries, as well as add, or remove questions to better reflect their business.
    • Monitor brand sentiment across LLMs: GEO empowers users to stay informed on how their brand is perceived by analyzing sentiment, perception, and positioning in AI-generated content.
    • Benchmark visibility and competitive context: Users can compare their AI visibility performance to competitors to gain a better understanding of how their visibility stacks up against industry peers, identify growth opportunities, and discover which other sources are being cited in similar contexts. 
    • Measure AI-driven traffic & query volume: Users can see how much traffic is driven to their site from AI platforms, as well as how frequently people ask about their brand or services in these engines.

    “GEO is SEO for the AI era, providing users an all‑new level of search visibility,” said Doreen Weissfelner, Head of Analytics at Wix. “We are empowering users to bring AI search into focus by giving them information on how their sites are being cited, perceived and surfaced by leading AI-platforms. Just as we’ve supported our users in optimizing for traditional search engines, we’re now equipping them to navigate and succeed in an AI-driven landscape.  With the AI Visibility Overview, businesses can finally see how they’re being represented – and take steps to increase visibility, influence perception, and drive real outcomes”

    As part of its broader commitment to AI search readiness, Wix also offers some premium eCommerce users the ability to manage LLMs.txt – designed to help websites communicate directly with LLMs – further empowering them to stay optimized for emerging AI platforms. With platforms like ChatGPT and Gemini expanding tools for product listings, LLMs.txt works alongside dynamic shopping feeds to give LLMs richer data on sellers and products. This can boost visibility in AI-powered search experiences and help merchants reach millions of potential customers.

    The AI Visibility Overview is available to users with a Wix Business Manager set to English and is gradually rolling out to additional languages. To learn more about Wix’s vision for AI, read the blog by Avishai Abrahami, Co-Founder and CEO of Wix, here.

    About Wix.com Ltd.
    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

    1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of Q1 2025.

    Attachments

    The MIL Network –

  • MIL-OSI: OPTIZMO™ Returns as the Official Email Compliance Sponsor for MailCon 2025

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 16, 2025 (GLOBE NEWSWIRE) — OPTIZMO Technologies, the leading platform for email suppression list management, data security, and email compliance, proudly announces its return as the Official Email Compliance Sponsor for MailCon 2025, taking place on Sunday, August 3, at Convene, Times Square, in New York City.

    Hosted and operated by Phonexa, MailCon has become the premier destination for high-volume email marketers and performance-driven acquisition professionals. It brings together advertisers, lead gen experts, and marketing technologists to explore the evolving future of email, multichannel, and compliance strategies at scale.

    This year’s event will spotlight key industry trends, including inbox engagement, the impact of AI on email strategy, compliance, and consent in cold outreach, and vertical-specific acquisition strategies across sectors like insurance, health, finance, automotive, and home services. With an emphasis on monetization, offer scaling, and long-term value, MailCon offers a one-day agenda packed with insights and tactical sessions designed for practitioners and decision-makers alike.

    MailCon 2025 also introduces several new experiences this year:

    • A reimagined exhibit hall designed to keep traffic flowing and conversations energized throughout the day
    • The launch of Amplify by Phonexa, a new live content studio spotlighting partner interviews, thought leadership, and product launches
    • The Zero Parallel Cocktail Reception, providing a casual, pre-event networking opportunity at the Convene
    • The return of the MailCon Mixer, hosted at Ascent Lounge NYC, offering attendees a signature after-party with panoramic skyline views

    As a longtime MailCon sponsor and advocate for compliant email practices, OPTIZMO is committed to driving innovation, transparency, and compliance across the industry.

    “As a long-time supporter of MailCon, it’s great to return as the Official Email Compliance Sponsor again in 2025,” said Khris Thayer, CEO and Co-Founder of OPTIZMO. “It’s an exciting time for the email industry, and we’re proud to contribute to the conversations that are shaping its future.”

    As part of the MailCon agenda, OPTIZMO’s Chief Operating Officer, Tom Wozniak, will be featured in a Fireside Chat titled “Compliance, Credibility, and the Cost of Doing Nothing”. Joined by Jack Wrigley, VP of Partner Development at Webbula.

    Attendees are encouraged to visit Booth #129 to connect with the OPTIZMO team, learn more about their flagship compliance platform, Suppress, and get an exclusive first look at OPTIZMO’s newest product. It is a platform built to bring smarter orchestration, optimized workflows, and better performance to email campaign management.

    Following MailCon, OPTIZMO will also attend Affiliate Summit East (Meet Market Table #2405), taking place August 4-5 in New York. With a full team on-site, including members from their U.S. and Australia offices, OPTIZMO will continue connecting with partners and clients, highlighting innovations in email compliance and campaign execution. 

    About OPTIZMO
    OPTIZMO Technologies is the recognized thought leader in the email and online marketing space for email suppression list management and compliance, campaign orchestration and optimization, data management, and risk mitigation services. With an expert staff in pursuit of unrivaled efficiency, innovative technology, and an insatiable desire to problem-solve, clients find a customer-centric business model that not only enhances the way OPTIZMO clients do business but drives the company forward. The company is headquartered in Austin, TX, and has offices and team members in Charleston, Denver, and Brisbane, Australia.

    Media Contact:
    Antonio Jones
    Marketing Manager
    antonio@optizmo.com

    Tom Wozniak
    Chief Operating Officer
    tom@optizmo.com

    The MIL Network –

  • MIL-OSI: Plumas Bancorp Reports Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2025 of $6.3 million or $1.07 per share, a decrease of $465 thousand from $6.8 million or $1.15 per share during the second quarter of 2024. Diluted earnings per share decreased to $1.05 per share during the three months ended June 30, 2025 down from $1.14 per share during the quarter ended June 30, 2024.

    Return on average assets was 1.56% during the current quarter, down from 1.67% during the second quarter of 2024. Return on average equity decreased to 13.4% for the three months ended June 30, 2025, down from 17.1% during the second quarter of 2024.

    Net interest income decreased by $222 thousand from $18.4 million during the three months ended June 30, 2024, to $18.2 million during the current quarter. The provision for credit losses decreased from $925 thousand during the second quarter of 2024 to $860 thousand during the current quarter.

    Non-interest income increased by $159 thousand from $2.2 million during the three months ended June 30, 2024 to $2.4 million during the second quarter of 2025.

    Non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. Of this amount, $481 thousand relates to costs associated with our acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025 and we completed the merger on July 1, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $481 thousand in merger related costs, $239 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes decreased by $149 thousand from $2.5 million, 26.9% of pre-tax income, during the three months ended June 30, 2024 to $2.4 million, or 27.1% of pre-tax income, during the current quarter.

    For the six months ended June 30, 2025, the Company reported net income of $13.5 million or $2.28 per share, an increase of $461 thousand from $13.0 million or $2.21 per share earned during the six months ended June 30, 2024. Earnings per diluted share increased to $2.25 during the six months ended June 30, 2025, up $0.06 from $2.19 during the first six months of 2024.     

    Return on average assets was 1.67% during the six months ended June 30, 2025, up from 1.61% during the first half of 2024. Return on average equity decreased to 14.7% for the six months ended June 30, 2025, down from 16.7% during the first half of 2024.

    Net interest income increased by $860 thousand from $35.9 million during the six months ended June 30, 2024, to $36.7 million during the current period. The provision for credit losses decreased from $1.7 million during the first half of 2024 to $1.1 million during the current period.

    Non-interest income increased by $1.2 million from $4.3 million during the six months ended June 30, 2024 to $5.5 million during the first half of 2025 related primarily to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire which swept through the town of Greenville, California in August of 2021. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. Of this amount, $1.1 million relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. Of the $1.1 million in merger related costs, $801 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $583 thousand from $4.6 million, or 26.2% of pre-tax income, during the six months ended June 30, 2024 to $5.2 million, or 27.8% of pre-tax income, during the current period.

    Balance Sheet Highlights
    June 30, 2025 compared to June 30, 2024

    • Gross loans increased by $21 million, or 2%, to $1.0 billion.
    • Total deposits increased by $62 million, or 5%, to $1.4 billion.
    • Borrowings decreased by $105 million, or 88% to $15 million.
    • Total equity increased by $28 million, or 17%, to $193 million.
    • Book value per share increased by $4.53, or 16%, to $32.54.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, announced, “The third quarter of 2025 began with a major development for Plumas; we successfully completed our acquisitions of Cornerstone Community Bank and Bancorp, expanding our presence in California’s northern Sacramento Valley. We are thrilled to have Ken Robison, formerly a director at Cornerstone, join the boards of Plumas Bancorp and Bank. We also welcome Matt Moseley, former President and CEO of Cornerstone Community Bank, to the executive team as Market President. Their extensive leadership experience and market knowledge will be instrumental in the ongoing success of our combined organization.”

    Ryback continued, “Beyond the acquisition, we have also been focused on internal advancements. We are expanding our treasury management services to provide comprehensive, personalized banking solutions with enhanced security features. Simultaneously, we have gained efficiency in our lending process through on-going refinements to our lending platforms and department structures.”

    Ryback concluded, “We extend a warm welcome to the clients, employees, and shareholders of Cornerstone. We look forward to providing long-term value to our expanded shareholders, clients, team members, and communities.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $21 million, or 2%, from $997 million at June 30, 2024, to $1.0 billion at June 30, 2025. Increases in loans included $85 million in commercial real estate loans and $3 million in equity lines of credit; these items were partially offset by decreases of $29 million in automobile loans, $27 million in construction loans, $10 million in agricultural loans and $1 million in residential real estate loans.

    On   June 30, 2025, approximately 78% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 76% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. The increase in deposits includes increases of $67 million in money market accounts and $29 million in time deposits. Partially offsetting these increases were decreases of $2 million in demand deposits and $32 million in savings deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At June 30, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company had no brokered deposits at June 30, 2025 and June 30, 2024.

    Total investment securities decreased by $5 million from $445 million at June 30, 2024, to $440 million at June 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $31 million from $110 million at June 30, 2024, to $79 million at June 30, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2025 were $13.7 million, up from $9.1 million at June 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.84% at June 30, 2025 up from 0.56% at June 30, 2024. OREO decreased by $50 thousand from $141 thousand at June 30, 2024 to $91 thousand at June 30, 2025. Nonperforming loans were $13.6 million at June 30, 2025 and $9.0 million at June 30, 2024. Nonaccrual loans totaled $13.6 million at June 30, 2025 and $2.5 million at June 30, 2024. At June 30, 2025 there were no loans 90 days or more past due that were not on nonaccrual. The difference between the $2.5 million in nonaccrual loans at June 30, 2024 and the $9 million in nonperforming loans in 2024 were loans that were over 90 days past due, but not on nonaccrual. Nonperforming loans as a percentage of total loans increased to 1.34% at June 30, 2025, up from 0.90% at June 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.9 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the quarter we placed the loans on nonaccrual status. Interest reversed on these loans during the current quarter totaled $344 thousand and specific loan loss reserves totaling $931 thousand were applied against the loans.

    During the first half of 2025 we recorded a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand. The $1.1 million mostly relates to the specific loan loss reserves noted in the previous paragraph. This compares to a provision for credit losses of $1.7 million consisting of a provision for credit losses on loans of $1.8 million and a decrease in the reserve for unfunded commitments of $79 thousand during the six months ended June 30, 2024.

    Net charge-offs totaled $137 thousand and $610 thousand during the six months ended June 30, 2025 and 2024, respectively. The allowance for credit losses totaled $14.2 million at June 30, 2025 and $14.1 million at June 30, 2024. The allowance for credit losses as a percentage of total loans was 1.39% and 1.41% at June 30, 2025 and 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   June 30, 2025     June 30, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   1,150       1,825  
    Losses charged to allowance   (506 )     (1,010 )
    Recoveries                                   369       400  
    Balance, end of period $     14,209     $     14,082  
    Reserve for Unfunded
    Commitments    		  

    June 30, 2025

    		    

    June 30, 2024
    Balance, beginning of period $                                620     $ 799  
    Provision charged to operations   (40 )     (79 )
    Balance, end of period $                                 580     $ 720  

    Shareholders’ Equity

    Total shareholders’ equity increased by $27.9 million from $165.2 million at June 30, 2024, to $193.1 million at June 30, 2025. The $27.9 million includes earnings during the twelve-month period totaling $29.1 million, a decrease in accumulated other comprehensive loss of $4.4 million and restricted stock and stock option activity totaling $1.1 million. These items were partially offset by the payment of cash dividends totaling $6.7 million.

    Bank Term Funding Program (BTFP)

    At June 30, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and six-months ended June 30, 2024, was $1.3 million and $2.5 million, respectively.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $255 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $439 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2025, the Company could borrow up to $98 million at the Discount Window secured by investment securities with a fair value of $101 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2025 and 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $516 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $206 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

    Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2025

    Net interest income was $18.2 million for the three months ended June 30, 2025, a decrease of $222 thousand from the same period in 2024. The decrease in net interest income includes a decrease of $527 thousand in interest income partially offset by a decrease of $305 thousand in interest expense. Interest and fees on loans increased by $200 thousand related to growth in the loan portfolio partially offset by a decline in yield.

    Average loan balances increased by $39 million, while the average yield on these loans decreased by 18 basis points from 6.32% during the second quarter of 2024 to 6.14% during the current quarter. Of the 18 basis points decrease, 13 basis points relate to the reversal of $344 thousand in interest previously described under “Asset Quality” The average prime interest rate decreased from 8.5% during the second quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. Additionally, during the second quarter of 2024 we recovered $316 thousand in interest on loans that were classified as nonaccrual and which were paid off in full during the quarter which elevated loan yield during the 2024 quarter. The effect of these items was partially offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $75 million at June 30, 2025, and $62 million at June 30, 2024. The weighted average rate earned on this portfolio at June 30, 2025, was 8.3%. The Bank is also benefiting from the repricing of a portion of our Commercial Real Estate loans. Most of these loans are indexed to the 5-year Treasury note and reprice every five years.

    Interest on investment securities decreased by $30 thousand as yield on these securities decreased slightly from 4.11% during the 2024 quarter to 4.08% during the current quarter and average investment securities declined from $444 million during the three months ended June 30, 2024 to $442 million during the current quarter.

    Interest on cash balances decreased by $697 thousand related to a decline in average balance of $42 million and a decrease in average rate paid on cash balances of 104 basis points from 5.51% during the second quarter of 2024 to 4.47% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 5.40% during the second quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $305 thousand, related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.44% during the 2024 quarter to 1.33% in 2025 related to the decrease in these borrowings.

    Interest paid on deposits increased by $968 thousand and is broken down by product type as follows: money market accounts – $815 thousand, savings deposits – $83 thousand and time deposits $70 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances and the rate earned on these balances. During the second half of 2024 and continuing into 2025, we have offered a premium money market rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to the significant increase in balances and rate paid on money market accounts. The average balance of money market accounts during the current quarter was $288 million, an increase of $72 million from $216 million during the three months ended June 30, 2024. The average rate paid on money market accounts increased 92 basis points to 1.79%. The increase in interest on savings accounts was driven by an increase in the average rate paid of 12 basis points to 34 basis points. The increase in interest on time deposits includes an increase in average balance of $23 million partially offset by a decline in average rate paid of 33 basis points to 2.53% as promotional time deposits issued in 2024 matured. Many of these promotional time deposits were renewed at lower rates. The average rate paid on interest-bearing deposits increased from 0.84% during the second quarter of 2024 to 1.30% during the current quarter. The average balance of interest-bearing deposits increased from $633 million during the three months ended June 30, 2024 to $705 million during the quarter.

    Net interest margin for the three months ended June 30, 2025 decreased 6 basis points to 4.83%, down from 4.89% for the same period in 2024. Excluding the $344 thousand in interest reversed described earlier, net interest margin for the three months ended June 30, 2025 would have been 4.93%.

    Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2025

    Net interest income for the six months ended June 30, 2025 was $36.7 million, an increase of $860 thousand from the $35.9 million earned during the same period in 2024. The increase in net interest income includes an increase of $36 thousand in interest income and a reduction in interest expense of $824 thousand.

    Interest and fees on loans increased by $1.0 million related to an increase in average balance partially offset by a decline in yield. The average balance of loans during the six months ended June 30, 2025 was $1.0 billion, an increase of $44 million from $972 million during the same period in 2024. The average yield on loans decreased by 6 basis points from 6.21% during the first six months of 2024 to 6.15% during the current period.

    Interest on investment securities increased by $84 thousand related to an increase in yield of 21 basis points to 4.10% partially offset by a decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $462 million during the six months ended June 30, 2024 to $443 million during the current period.

    Interest on cash balances declined by $1.1 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 104 basis points to 4.5% and the average balance declined from $81.8 million during the first six months of 2024 to $53.8 million during the current period.

    Related to a $2.5 million decline in interest on BTFP borrowings partially offset by an increase in interest bearing deposits and an increase in the cost of these deposits, interest expense decreased from $5.3 million during the six months ended June 30, 2024 to $4.5 million during the current period. The average rate paid on interest bearing liabilities decreased from 1.39% during the 2024 period to 1.24% in 2025.

    Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts – $1.6 million and savings deposits – $109 thousand. The average rate paid on interest-bearing deposits increased from 0.79% during the six months ended June 30, 2024 to 1.21% during the current period. Average interest-bearing deposits totaled $698 million during the first half of 2025 an increase of $62 million from $636 million during the first half of 2024.

    Net interest margin for the six months ended June 30, 2025 increased 13 basis points to 4.89%, up from 4.76% for the same period in 2024.

    Non-Interest Income/Expense – Three Months Ended June 30, 2025

    Non-interest income increased by $159 thousand to $2.4 million during the current quarter. The largest increase was related to a $184 thousand adjustment to the value of our stock holdings in one of our correspondent banks.

    During the three months ended June 30, 2025, total non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. The largest components of this increase were merger related expenses of $481 thousand and salary and benefit expense of $270 thousand. The increase in salary and benefit expense includes an increase in salary expense of $216 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $144 thousand was offset by a decline in commission expense of $180 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters.

    Non-Interest Income/Expense – Six Months Ended June 30, 2025

    During the six months ended June 30, 2025, non-interest income totaled $5.6 million, an increase of $1.2 million from the six months ended June 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

    During the six months ended June 30, 2025, total non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. The largest components of this increase were merger related expenses of $1.1 million, salary and benefit expenses of $784 thousand and occupancy and equipment expenses of $425 thousand. The increase in salary and benefit expense included an increase in salary expense of $484 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $257 thousand was offset by a decline in commission expense of $317 thousand. Both items mostly relate to a decline in SBA loan production during the comparison periods. The increase in occupancy and equipment expense mostly relates to an increase in rent expense of $374 thousand related to the February 2024 sales/leaseback transaction. Partially offsetting these increases in expense were several reductions in non-interest expense the largest of which was a reduction in professional fees of $320 thousand. Included in professional fees during the six months ended June 30, 2024 were legal expenses totaling $188 thousand related to a litigation matter that was settled in the second half of 2024.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
      As of June 30,        
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 79,266   $ 109,852   $ (30,586)   (27.8)%
    Investment securities 439,676   445,132   (5,456)   (1.2)%
    Loans, net of allowance for credit losses 1,006,873   986,517   20,356   2.1%
    Premises and equipment, net 12,065   12,868   (803)   (6.2)%
    Right-of-use assets 23,912   24,975   (1,063)   (4.3)%
    Bank owned life insurance 16,736   16,310   426   2.6%
    Real estate acquired through foreclosure 91   141   (50)   (35.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 44,396   40,800   3,596   8.8%
    Total assets $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,366,827   $ 1,304,587   $ 62,240   4.8%
    Accrued interest payable and other liabilities 53,611   52,355   1,256   2.4%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,435,438   1,476,942   (41,504)   (2.8)%
    Common stock 29,803   28,656   1,147   4.0%
    Retained earnings 183,954   161,608   22,346   13.8%
    Accumulated other comprehensive loss, net (20,678)   (25,109)   4,431   17.6%
    Shareholders’ equity 193,079   165,155   27,924   16.9%
    Total liabilities and shareholders’ equity $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED JUNE 30, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,633   $ 21,160   $ (527)   (2.5)%
    Interest expense 2,450   2,755   (305)   (11.1)%
    Net interest income before provision for credit losses 18,183   18,405   (222)   (1.2)%
    Provision for credit losses 860   925   (65)   (7.0)%
    Net interest income after provision for credit losses 17,323   17,480   (157)   (0.9)%
    Non-interest income 2,361   2,202   159   7.2%
    Non-interest expense 11,012   10,396   616   5.9%
    Income before income taxes 8,672   9,286   (614)   (6.6)%
    Provision for income taxes 2,351   2,500   (149)   (6.0)%
    Net income $ 6,321   $ 6,786   $ (465)   (6.9)%
                   
    Basic earnings per share $ 1.07   $ 1.15   $ (0.08)   (7.0)%
    Diluted earnings per share $ 1.05   $ 1.14   $ (0.09)   (7.9)%
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
              Dollar   Percentage
    FOR THE SIX MONTHS ENDED JUNE 30, 2025   2024   Change   Change
                   
    Interest income $ 41,223   $ 41,187   $ 36   0.1%
    Interest expense 4,501   5,325   (824)   (15.5)%
    Net interest income before provision for credit losses 36,722   35,862   860   2.4%
    Provision for credit losses 1,110   1,746   (636)   (36.4)%
    Net interest income after provision for credit losses 35,612   34,116   1,496   4.4%
    Non-interest income 5,574   4,342   1,232   28.4%
    Non-interest expense 22,477   20,793   1,684   8.1%
    Income before income taxes 18,709   17,665   1,044   5.9%
    Provision for income taxes 5,208   4,625   583   12.6%
    Net income $ 13,501   $ 13,040   $ 461   3.5%
                   
    Basic earnings per share $ 2.28   $ 2.21   $ 0.07   3.2%
    Diluted earnings per share $ 2.25   $ 2.19   $ 0.06   2.7%
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Six Months Ended
      6/30/2025   3/31/2025   6/30/2024   6/30/2025   6/30/2024
    EARNINGS PER SHARE                  
    Basic earnings per share $ 1.07     $ 1.21     $ 1.15     $ 2.28     $ 2.21  
    Diluted earnings per share $ 1.05     $ 1.20     $ 1.14     $ 2.25     $ 2.19  
    Weighted average shares outstanding   5,929       5,911       5,896       5,920       5,892  
    Weighted average diluted shares outstanding   6,006       6,002       5,946       6,006       5,946  
    Cash dividends paid per share 1 $ 0.30     $ 0.30     $ 0.27     $ 0.60     $ 0.54  
                       
    PERFORMANCE RATIOS (annualized for the three months)            
    Return on average assets   1.56 %   1.79 %   1.67 %   1.67 %     1.61 %
    Return on average equity   13.4 %   16.0 %   17.1 %   14.7 %     16.7 %
    Yield on earning assets   5.48 %   5.50 %   5.62 %   5.49 %     5.46 %
    Rate paid on interest-bearing liabilities   1.33 %   1.14 %   1.44 %   1.24 %     1.39 %
    Net interest margin   4.83 %   4.95 %   4.89 %   4.89 %     4.76 %
    Noninterest income to average assets   0.58 %   0.80 %   0.54 %   0.69 %     0.54 %
    Noninterest expense to average assets   2.72 %   2.85 %   2.56 %   2.79 %     2.57 %
    Efficiency ratio 2   53.6 %   52.7 %   50.4 %   53.1 %     51.7 %
                       
      6/30/2025   3/31/2025   6/30/2024   12/31/2024   12/31/2023
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 14,209     $ 13,319     $ 14,082     $ 13,196     $ 12,867  
    Allowance for credit losses as a percentage of total loans   1.39 %     1.32 %     1.41 %     1.30 %     1.34 %
    Nonperforming loans $ 13,652     $ 3,686     $ 8,974     $ 4,105     $ 4,820  
    Nonperforming assets $ 13,747     $ 3,787     $ 9,148     $ 4,307     $ 5,315  
    Nonperforming loans as a percentage of total loans   1.34 %     0.36 %     0.90 %     0.40 %     0.50 %
    Nonperforming assets as a percentage of total assets   0.84 %     0.23 %     0.56 %     0.27 %     0.33 %
    Year-to-date net charge-offs $ 137     $ 127     $ 610     $ 1,046     $ 954  
    Year-to-date net charge-offs as a percentage of average   0.03 %     0.05 %     0.13 %   0.11 %     0.10 %
    loans (annualized)      
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,934       5,922       5,896       5,903       5,872  
    Shareholders’ equity $ 193,079     $ 187,603     $ 165,155     $ 177,899     $ 147,317  
    Book value per common share $ 32.54     $ 31.68     $ 28.01     $ 30.14     $ 25.09  
    Tangible common equity3 $ 186,874     $ 181,354     $ 158,763     $ 171,606     $ 140,823  
    Tangible book value per common share4 $ 31.49     $ 30.62     $ 26.93     $ 29.07     $ 23.98  
    Tangible common equity to total assets   11.5 %     11.1 %     9.7 %     10.6 %     8.7 %
    Gross loans to deposits   74.7 %     73.6 %     76.4 %     74.1 %     71.9 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.7 %     12.3 %     11.3 %     11.9 %     10.8 %
    Common Equity Tier 1 Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Tier 1 Risk-Based Capital Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Total Risk-Based Capital Ratio   19.2 %     19.0 %     17.6 %     18.5 %     16.9 %
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023 , August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).   
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.      
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.    
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Three Months Ended   For the Three Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,020,004   $ 15,612   6.14 %   $ 980,723   $ 15,412   6.32 %
    Investment securities     369,624     3,913   4.25 %     367,841     3,932   4.30 %
    Non-taxable investment securities (1)     72,719     591   3.26 %     76,275     602   3.17 %
    Interest-bearing deposits     46,368     517   4.47 %     88,607     1,214   5.51 %
    Total interest-earning assets     1,508,715     20,633   5.48 %     1,513,446     21,160   5.62 %
    Cash and due from banks     26,880             26,859        
    Other assets     87,117             90,092        
    Total assets   $ 1,622,712           $ 1,630,397        
                             
    Interest-bearing liabilities:                        
    Money market deposits     287,707     1,283   1.79 %     215,614     468   0.87 %
    Savings deposits     298,989     257   0.34 %     322,919     174   0.22 %
    Time deposits     118,057     744   2.53 %     94,684     674   2.86 %
    Total deposits     704,753     2,284   1.30 %     633,217     1,316   0.84 %
    Borrowings     15,000     146   3.90 %     120,000     1,431   4.80 %
    Other interest-bearing liabilities     17,265     20   0.46 %     16,809     8   0.19 %
    Total interest-bearing liabilities     737,018     2,450   1.33 %     770,026     2,755   1.44 %
    Non-interest-bearing deposits     659,554             663,094        
    Other liabilities     37,112             37,794        
    Shareholders’ equity     189,028             159,483        
    Total liabilities & equity   $ 1,622,712           $ 1,630,397        
    Cost of funding interest-earning assets (4)           0.65 %           0.73 %
    Net interest income and margin (5)       $ 18,183   4.83 %       $ 18,405   4.89 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $4.1 million for 2025 and $4.2 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended June 30, 2025 and 2024 were $196 thousand and $338 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Six Months Ended   For the Six Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,016,008   $ 31,008   6.15 %   $ 972,427   $ 30,005   6.21 %
    Investment securities     369,376     7,840   4.28 %     369,815     7,537   4.10 %
    Non-taxable investment securities (1)     73,795     1,174   3.21 %     92,225     1,393   3.04 %
    Interest-bearing deposits     53,845     1,201   4.50 %     81,807     2,252   5.54 %
    Total interest-earning assets     1,513,024     41,223   5.49 %     1,516,274     41,187   5.46 %
    Cash and due from banks     26,679             26,722        
    Other assets     86,732             85,300        
    Total assets   $ 1,626,435           $ 1,628,296        
                             
    Interest-bearing liabilities:                        
    Money market deposits     283,469     2,429   1.73 %     213,399     844   0.80 %
    Savings deposits     311,151     463   0.30 %     329,242     354   0.22 %
    Time deposits     103,304     1,288   2.51 %     93,092     1,304   2.82 %
    Total deposits     697,924     4,180   1.21 %     635,733     2,502   0.79 %
    Borrowings     15,000     290   3.90 %     117,170     2,798   4.80 %
    Other interest-bearing liabilities     19,216     31   0.33 %     19,260     25   0.26 %
    Total interest-bearing liabilities     732,140     4,501   1.24 %     772,163     5,325   1.39 %
    Non-interest-bearing deposits     670,961             668,441        
    Other liabilities     37,602             31,118        
    Shareholders’ equity     185,732             156,574        
    Total liabilities & equity   $ 1,626,435           $ 1,628,296        
    Cost of funding interest-earning assets (4)           0.60 %           0.70 %
    Net interest income and margin (5)       $ 36,722   4.89 %       $ 35,862   4.76 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $3.9 million for 2025 and $4.8 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the six-month periods ended June 30, 2025 and 2024 were $471 thousand and $682 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Interchange income $ 784   $ 782     2     0.3 %
    Service charges on deposit accounts   781     743     38     5.1 %
    Loan servicing fees   148     186     (38 )   (20.4 )%
    FHLB Dividends   135     136     (1 )   (0.7 )%
    Earnings on life insurance policies   108     104     4     3.8 %
    Other   405     251     154     61.4 %
    Total non-interest income $ 2,361   $ 2,202   $ 159     7.2 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,553   $ 5,283   $ 270     5.1 %
    Occupancy and equipment   2,050     1,949     101     5.2 %
    Outside service fees   1,160     1,184     (24 )   (2.0 )%
    Merger and acquisition expenses   481     –     481     100.0 %
    Advertising and shareholder relations   273     214     59     27.6 %
    Armored car and courier   224     220     4     1.8 %
    Professional fees   219     329     (110 )   (33.4 )%
    Business development   188     210     (22 )   (10.5 )%
    Deposit insurance   180     185     (5 )   (2.7 )%
    Director compensation and expense   155     199     (44 )   (22.1 )%
    Telephone and data communication   124     204     (80 )   (39.2 )%
    Loan collection expenses   51     117     (66 )   (56.4 )%
    Amortization of Core Deposit Intangible   44     51     (7 )   (13.7 )%
    Other   310     251     59     23.5 %
    Total non-interest expense $ 11,012   $ 10,396   $ 616     5.9 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts $ 1,486   $ 1,458     $ 28     1.9 %
    Interchange income   1,474     1,522       (48 )   (3.2 )%
    Loan servicing fees   334     388       (54 )   (13.9 )%
    FHLB Dividends   272     273       (1 )   (0.4 )%
    Earnings on life insurance policies   217     200       17     8.5 %
    Gain (loss) on sale of investment securities   3     (19,826 )     19,829     (100.0 )%
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Other   1,788     473       1,315     278.0 %
    Total non-interest income $ 5,574   $ 4,342     $ 1,232     28.4 %
                   
    The following table presents the components of non-interest expense for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 11,433   $ 10,649     $ 784     7.4 %
    Occupancy and equipment   4,064     3,639       425     11.7 %
    Outside service fees   2,424     2,316       108     4.7 %
    Merger and acquisition expenses   1,050     –       1,050     100.0 %
    Advertising and shareholder relations   535     458       77     16.8 %
    Professional fees   448     768       (320 )   (41.7 )%
    Armored car and courier   441     422       19     4.5 %
    Deposit insurance   362     372       (10 )   (2.7 )%
    Business development   355     363       (8 )   (2.2 )%
    Director compensation and expense   321     366       (45 )   (12.3 )%
    Telephone and data communication   298     426       (128 )   (30.0 )%
    Loan collection expenses   122     221       (99 )   (44.8 )%
    Amortization of Core Deposit Intangible   87     102       (15 )   (14.7 )%
    Other   537     691       (154 )   (22.3 )%
    Total non-interest expense $ 22,477   $ 20,793     $ 1,684     8.1 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                     
    The following table shows the distribution of loans by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Commercial   $ 81,118   8.0 %   $ 81,170   8.1 %
    Agricultural     113,850   11.2 %     123,661   12.4 %
    Real estate – residential     11,053   1.1 %     11,755   1.2 %
    Real estate – commercial     673,129   66.1 %     588,332   59.0 %
    Real estate – construction & land     40,798   4.0 %     67,960   6.8 %
    Equity Lines of Credit     41,620   4.1 %     38,446   3.9 %
    Auto     51,487   5.1 %     80,751   8.1 %
    Other     4,791   0.4 %     5,259   0.5 %
    Total Gross Loans   $ 1,017,846   100 %   $ 997,334   100 %
                     
    The following table shows the distribution of Commercial Real Estate loans at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Owner occupied   $ 294,765   43.8 %   $ 240,346   40.9 %
    Investor     378,364   56.2 %     347,986   59.1 %
    Total real estate – commercial   $ 673,129   100 %   $ 588,332   100 %
                     
                     
    The following table shows the distribution of deposits by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Deposits in Each     Deposits in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Deposits   of Period   Total Deposits
        6/30/25   6/30/25   6/30/24   6/30/24
    Non-interest bearing   $ 668,086   48.9 %   $ 670,652   51.4 %
    Money Market     281,516   20.6 %     214,063   16.4 %
    Savings     290,440   21.2 %     322,081   24.7 %
    Time     126,785   9.3 %     97,791   7.5 %
    Total Deposits   $ 1,366,827   100 %   $ 1,304,587   100 %
                     

    The MIL Network –

  • MIL-OSI: Plumas Bancorp Reports Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2025 of $6.3 million or $1.07 per share, a decrease of $465 thousand from $6.8 million or $1.15 per share during the second quarter of 2024. Diluted earnings per share decreased to $1.05 per share during the three months ended June 30, 2025 down from $1.14 per share during the quarter ended June 30, 2024.

    Return on average assets was 1.56% during the current quarter, down from 1.67% during the second quarter of 2024. Return on average equity decreased to 13.4% for the three months ended June 30, 2025, down from 17.1% during the second quarter of 2024.

    Net interest income decreased by $222 thousand from $18.4 million during the three months ended June 30, 2024, to $18.2 million during the current quarter. The provision for credit losses decreased from $925 thousand during the second quarter of 2024 to $860 thousand during the current quarter.

    Non-interest income increased by $159 thousand from $2.2 million during the three months ended June 30, 2024 to $2.4 million during the second quarter of 2025.

    Non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. Of this amount, $481 thousand relates to costs associated with our acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025 and we completed the merger on July 1, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $481 thousand in merger related costs, $239 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes decreased by $149 thousand from $2.5 million, 26.9% of pre-tax income, during the three months ended June 30, 2024 to $2.4 million, or 27.1% of pre-tax income, during the current quarter.

    For the six months ended June 30, 2025, the Company reported net income of $13.5 million or $2.28 per share, an increase of $461 thousand from $13.0 million or $2.21 per share earned during the six months ended June 30, 2024. Earnings per diluted share increased to $2.25 during the six months ended June 30, 2025, up $0.06 from $2.19 during the first six months of 2024.     

    Return on average assets was 1.67% during the six months ended June 30, 2025, up from 1.61% during the first half of 2024. Return on average equity decreased to 14.7% for the six months ended June 30, 2025, down from 16.7% during the first half of 2024.

    Net interest income increased by $860 thousand from $35.9 million during the six months ended June 30, 2024, to $36.7 million during the current period. The provision for credit losses decreased from $1.7 million during the first half of 2024 to $1.1 million during the current period.

    Non-interest income increased by $1.2 million from $4.3 million during the six months ended June 30, 2024 to $5.5 million during the first half of 2025 related primarily to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire which swept through the town of Greenville, California in August of 2021. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. Of this amount, $1.1 million relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. Of the $1.1 million in merger related costs, $801 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $583 thousand from $4.6 million, or 26.2% of pre-tax income, during the six months ended June 30, 2024 to $5.2 million, or 27.8% of pre-tax income, during the current period.

    Balance Sheet Highlights
    June 30, 2025 compared to June 30, 2024

    • Gross loans increased by $21 million, or 2%, to $1.0 billion.
    • Total deposits increased by $62 million, or 5%, to $1.4 billion.
    • Borrowings decreased by $105 million, or 88% to $15 million.
    • Total equity increased by $28 million, or 17%, to $193 million.
    • Book value per share increased by $4.53, or 16%, to $32.54.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, announced, “The third quarter of 2025 began with a major development for Plumas; we successfully completed our acquisitions of Cornerstone Community Bank and Bancorp, expanding our presence in California’s northern Sacramento Valley. We are thrilled to have Ken Robison, formerly a director at Cornerstone, join the boards of Plumas Bancorp and Bank. We also welcome Matt Moseley, former President and CEO of Cornerstone Community Bank, to the executive team as Market President. Their extensive leadership experience and market knowledge will be instrumental in the ongoing success of our combined organization.”

    Ryback continued, “Beyond the acquisition, we have also been focused on internal advancements. We are expanding our treasury management services to provide comprehensive, personalized banking solutions with enhanced security features. Simultaneously, we have gained efficiency in our lending process through on-going refinements to our lending platforms and department structures.”

    Ryback concluded, “We extend a warm welcome to the clients, employees, and shareholders of Cornerstone. We look forward to providing long-term value to our expanded shareholders, clients, team members, and communities.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $21 million, or 2%, from $997 million at June 30, 2024, to $1.0 billion at June 30, 2025. Increases in loans included $85 million in commercial real estate loans and $3 million in equity lines of credit; these items were partially offset by decreases of $29 million in automobile loans, $27 million in construction loans, $10 million in agricultural loans and $1 million in residential real estate loans.

    On   June 30, 2025, approximately 78% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 76% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. The increase in deposits includes increases of $67 million in money market accounts and $29 million in time deposits. Partially offsetting these increases were decreases of $2 million in demand deposits and $32 million in savings deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At June 30, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company had no brokered deposits at June 30, 2025 and June 30, 2024.

    Total investment securities decreased by $5 million from $445 million at June 30, 2024, to $440 million at June 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $31 million from $110 million at June 30, 2024, to $79 million at June 30, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2025 were $13.7 million, up from $9.1 million at June 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.84% at June 30, 2025 up from 0.56% at June 30, 2024. OREO decreased by $50 thousand from $141 thousand at June 30, 2024 to $91 thousand at June 30, 2025. Nonperforming loans were $13.6 million at June 30, 2025 and $9.0 million at June 30, 2024. Nonaccrual loans totaled $13.6 million at June 30, 2025 and $2.5 million at June 30, 2024. At June 30, 2025 there were no loans 90 days or more past due that were not on nonaccrual. The difference between the $2.5 million in nonaccrual loans at June 30, 2024 and the $9 million in nonperforming loans in 2024 were loans that were over 90 days past due, but not on nonaccrual. Nonperforming loans as a percentage of total loans increased to 1.34% at June 30, 2025, up from 0.90% at June 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.9 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the quarter we placed the loans on nonaccrual status. Interest reversed on these loans during the current quarter totaled $344 thousand and specific loan loss reserves totaling $931 thousand were applied against the loans.

    During the first half of 2025 we recorded a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand. The $1.1 million mostly relates to the specific loan loss reserves noted in the previous paragraph. This compares to a provision for credit losses of $1.7 million consisting of a provision for credit losses on loans of $1.8 million and a decrease in the reserve for unfunded commitments of $79 thousand during the six months ended June 30, 2024.

    Net charge-offs totaled $137 thousand and $610 thousand during the six months ended June 30, 2025 and 2024, respectively. The allowance for credit losses totaled $14.2 million at June 30, 2025 and $14.1 million at June 30, 2024. The allowance for credit losses as a percentage of total loans was 1.39% and 1.41% at June 30, 2025 and 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   June 30, 2025     June 30, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   1,150       1,825  
    Losses charged to allowance   (506 )     (1,010 )
    Recoveries                                   369       400  
    Balance, end of period $     14,209     $     14,082  
    Reserve for Unfunded
    Commitments    		  

    June 30, 2025

    		    

    June 30, 2024
    Balance, beginning of period $                                620     $ 799  
    Provision charged to operations   (40 )     (79 )
    Balance, end of period $                                 580     $ 720  

    Shareholders’ Equity

    Total shareholders’ equity increased by $27.9 million from $165.2 million at June 30, 2024, to $193.1 million at June 30, 2025. The $27.9 million includes earnings during the twelve-month period totaling $29.1 million, a decrease in accumulated other comprehensive loss of $4.4 million and restricted stock and stock option activity totaling $1.1 million. These items were partially offset by the payment of cash dividends totaling $6.7 million.

    Bank Term Funding Program (BTFP)

    At June 30, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and six-months ended June 30, 2024, was $1.3 million and $2.5 million, respectively.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $255 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $439 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2025, the Company could borrow up to $98 million at the Discount Window secured by investment securities with a fair value of $101 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2025 and 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $516 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $206 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

    Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2025

    Net interest income was $18.2 million for the three months ended June 30, 2025, a decrease of $222 thousand from the same period in 2024. The decrease in net interest income includes a decrease of $527 thousand in interest income partially offset by a decrease of $305 thousand in interest expense. Interest and fees on loans increased by $200 thousand related to growth in the loan portfolio partially offset by a decline in yield.

    Average loan balances increased by $39 million, while the average yield on these loans decreased by 18 basis points from 6.32% during the second quarter of 2024 to 6.14% during the current quarter. Of the 18 basis points decrease, 13 basis points relate to the reversal of $344 thousand in interest previously described under “Asset Quality” The average prime interest rate decreased from 8.5% during the second quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. Additionally, during the second quarter of 2024 we recovered $316 thousand in interest on loans that were classified as nonaccrual and which were paid off in full during the quarter which elevated loan yield during the 2024 quarter. The effect of these items was partially offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $75 million at June 30, 2025, and $62 million at June 30, 2024. The weighted average rate earned on this portfolio at June 30, 2025, was 8.3%. The Bank is also benefiting from the repricing of a portion of our Commercial Real Estate loans. Most of these loans are indexed to the 5-year Treasury note and reprice every five years.

    Interest on investment securities decreased by $30 thousand as yield on these securities decreased slightly from 4.11% during the 2024 quarter to 4.08% during the current quarter and average investment securities declined from $444 million during the three months ended June 30, 2024 to $442 million during the current quarter.

    Interest on cash balances decreased by $697 thousand related to a decline in average balance of $42 million and a decrease in average rate paid on cash balances of 104 basis points from 5.51% during the second quarter of 2024 to 4.47% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 5.40% during the second quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $305 thousand, related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.44% during the 2024 quarter to 1.33% in 2025 related to the decrease in these borrowings.

    Interest paid on deposits increased by $968 thousand and is broken down by product type as follows: money market accounts – $815 thousand, savings deposits – $83 thousand and time deposits $70 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances and the rate earned on these balances. During the second half of 2024 and continuing into 2025, we have offered a premium money market rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to the significant increase in balances and rate paid on money market accounts. The average balance of money market accounts during the current quarter was $288 million, an increase of $72 million from $216 million during the three months ended June 30, 2024. The average rate paid on money market accounts increased 92 basis points to 1.79%. The increase in interest on savings accounts was driven by an increase in the average rate paid of 12 basis points to 34 basis points. The increase in interest on time deposits includes an increase in average balance of $23 million partially offset by a decline in average rate paid of 33 basis points to 2.53% as promotional time deposits issued in 2024 matured. Many of these promotional time deposits were renewed at lower rates. The average rate paid on interest-bearing deposits increased from 0.84% during the second quarter of 2024 to 1.30% during the current quarter. The average balance of interest-bearing deposits increased from $633 million during the three months ended June 30, 2024 to $705 million during the quarter.

    Net interest margin for the three months ended June 30, 2025 decreased 6 basis points to 4.83%, down from 4.89% for the same period in 2024. Excluding the $344 thousand in interest reversed described earlier, net interest margin for the three months ended June 30, 2025 would have been 4.93%.

    Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2025

    Net interest income for the six months ended June 30, 2025 was $36.7 million, an increase of $860 thousand from the $35.9 million earned during the same period in 2024. The increase in net interest income includes an increase of $36 thousand in interest income and a reduction in interest expense of $824 thousand.

    Interest and fees on loans increased by $1.0 million related to an increase in average balance partially offset by a decline in yield. The average balance of loans during the six months ended June 30, 2025 was $1.0 billion, an increase of $44 million from $972 million during the same period in 2024. The average yield on loans decreased by 6 basis points from 6.21% during the first six months of 2024 to 6.15% during the current period.

    Interest on investment securities increased by $84 thousand related to an increase in yield of 21 basis points to 4.10% partially offset by a decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $462 million during the six months ended June 30, 2024 to $443 million during the current period.

    Interest on cash balances declined by $1.1 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 104 basis points to 4.5% and the average balance declined from $81.8 million during the first six months of 2024 to $53.8 million during the current period.

    Related to a $2.5 million decline in interest on BTFP borrowings partially offset by an increase in interest bearing deposits and an increase in the cost of these deposits, interest expense decreased from $5.3 million during the six months ended June 30, 2024 to $4.5 million during the current period. The average rate paid on interest bearing liabilities decreased from 1.39% during the 2024 period to 1.24% in 2025.

    Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts – $1.6 million and savings deposits – $109 thousand. The average rate paid on interest-bearing deposits increased from 0.79% during the six months ended June 30, 2024 to 1.21% during the current period. Average interest-bearing deposits totaled $698 million during the first half of 2025 an increase of $62 million from $636 million during the first half of 2024.

    Net interest margin for the six months ended June 30, 2025 increased 13 basis points to 4.89%, up from 4.76% for the same period in 2024.

    Non-Interest Income/Expense – Three Months Ended June 30, 2025

    Non-interest income increased by $159 thousand to $2.4 million during the current quarter. The largest increase was related to a $184 thousand adjustment to the value of our stock holdings in one of our correspondent banks.

    During the three months ended June 30, 2025, total non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. The largest components of this increase were merger related expenses of $481 thousand and salary and benefit expense of $270 thousand. The increase in salary and benefit expense includes an increase in salary expense of $216 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $144 thousand was offset by a decline in commission expense of $180 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters.

    Non-Interest Income/Expense – Six Months Ended June 30, 2025

    During the six months ended June 30, 2025, non-interest income totaled $5.6 million, an increase of $1.2 million from the six months ended June 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

    During the six months ended June 30, 2025, total non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. The largest components of this increase were merger related expenses of $1.1 million, salary and benefit expenses of $784 thousand and occupancy and equipment expenses of $425 thousand. The increase in salary and benefit expense included an increase in salary expense of $484 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $257 thousand was offset by a decline in commission expense of $317 thousand. Both items mostly relate to a decline in SBA loan production during the comparison periods. The increase in occupancy and equipment expense mostly relates to an increase in rent expense of $374 thousand related to the February 2024 sales/leaseback transaction. Partially offsetting these increases in expense were several reductions in non-interest expense the largest of which was a reduction in professional fees of $320 thousand. Included in professional fees during the six months ended June 30, 2024 were legal expenses totaling $188 thousand related to a litigation matter that was settled in the second half of 2024.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
      As of June 30,        
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 79,266   $ 109,852   $ (30,586)   (27.8)%
    Investment securities 439,676   445,132   (5,456)   (1.2)%
    Loans, net of allowance for credit losses 1,006,873   986,517   20,356   2.1%
    Premises and equipment, net 12,065   12,868   (803)   (6.2)%
    Right-of-use assets 23,912   24,975   (1,063)   (4.3)%
    Bank owned life insurance 16,736   16,310   426   2.6%
    Real estate acquired through foreclosure 91   141   (50)   (35.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 44,396   40,800   3,596   8.8%
    Total assets $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,366,827   $ 1,304,587   $ 62,240   4.8%
    Accrued interest payable and other liabilities 53,611   52,355   1,256   2.4%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,435,438   1,476,942   (41,504)   (2.8)%
    Common stock 29,803   28,656   1,147   4.0%
    Retained earnings 183,954   161,608   22,346   13.8%
    Accumulated other comprehensive loss, net (20,678)   (25,109)   4,431   17.6%
    Shareholders’ equity 193,079   165,155   27,924   16.9%
    Total liabilities and shareholders’ equity $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED JUNE 30, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,633   $ 21,160   $ (527)   (2.5)%
    Interest expense 2,450   2,755   (305)   (11.1)%
    Net interest income before provision for credit losses 18,183   18,405   (222)   (1.2)%
    Provision for credit losses 860   925   (65)   (7.0)%
    Net interest income after provision for credit losses 17,323   17,480   (157)   (0.9)%
    Non-interest income 2,361   2,202   159   7.2%
    Non-interest expense 11,012   10,396   616   5.9%
    Income before income taxes 8,672   9,286   (614)   (6.6)%
    Provision for income taxes 2,351   2,500   (149)   (6.0)%
    Net income $ 6,321   $ 6,786   $ (465)   (6.9)%
                   
    Basic earnings per share $ 1.07   $ 1.15   $ (0.08)   (7.0)%
    Diluted earnings per share $ 1.05   $ 1.14   $ (0.09)   (7.9)%
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
              Dollar   Percentage
    FOR THE SIX MONTHS ENDED JUNE 30, 2025   2024   Change   Change
                   
    Interest income $ 41,223   $ 41,187   $ 36   0.1%
    Interest expense 4,501   5,325   (824)   (15.5)%
    Net interest income before provision for credit losses 36,722   35,862   860   2.4%
    Provision for credit losses 1,110   1,746   (636)   (36.4)%
    Net interest income after provision for credit losses 35,612   34,116   1,496   4.4%
    Non-interest income 5,574   4,342   1,232   28.4%
    Non-interest expense 22,477   20,793   1,684   8.1%
    Income before income taxes 18,709   17,665   1,044   5.9%
    Provision for income taxes 5,208   4,625   583   12.6%
    Net income $ 13,501   $ 13,040   $ 461   3.5%
                   
    Basic earnings per share $ 2.28   $ 2.21   $ 0.07   3.2%
    Diluted earnings per share $ 2.25   $ 2.19   $ 0.06   2.7%
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Six Months Ended
      6/30/2025   3/31/2025   6/30/2024   6/30/2025   6/30/2024
    EARNINGS PER SHARE                  
    Basic earnings per share $ 1.07     $ 1.21     $ 1.15     $ 2.28     $ 2.21  
    Diluted earnings per share $ 1.05     $ 1.20     $ 1.14     $ 2.25     $ 2.19  
    Weighted average shares outstanding   5,929       5,911       5,896       5,920       5,892  
    Weighted average diluted shares outstanding   6,006       6,002       5,946       6,006       5,946  
    Cash dividends paid per share 1 $ 0.30     $ 0.30     $ 0.27     $ 0.60     $ 0.54  
                       
    PERFORMANCE RATIOS (annualized for the three months)            
    Return on average assets   1.56 %   1.79 %   1.67 %   1.67 %     1.61 %
    Return on average equity   13.4 %   16.0 %   17.1 %   14.7 %     16.7 %
    Yield on earning assets   5.48 %   5.50 %   5.62 %   5.49 %     5.46 %
    Rate paid on interest-bearing liabilities   1.33 %   1.14 %   1.44 %   1.24 %     1.39 %
    Net interest margin   4.83 %   4.95 %   4.89 %   4.89 %     4.76 %
    Noninterest income to average assets   0.58 %   0.80 %   0.54 %   0.69 %     0.54 %
    Noninterest expense to average assets   2.72 %   2.85 %   2.56 %   2.79 %     2.57 %
    Efficiency ratio 2   53.6 %   52.7 %   50.4 %   53.1 %     51.7 %
                       
      6/30/2025   3/31/2025   6/30/2024   12/31/2024   12/31/2023
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 14,209     $ 13,319     $ 14,082     $ 13,196     $ 12,867  
    Allowance for credit losses as a percentage of total loans   1.39 %     1.32 %     1.41 %     1.30 %     1.34 %
    Nonperforming loans $ 13,652     $ 3,686     $ 8,974     $ 4,105     $ 4,820  
    Nonperforming assets $ 13,747     $ 3,787     $ 9,148     $ 4,307     $ 5,315  
    Nonperforming loans as a percentage of total loans   1.34 %     0.36 %     0.90 %     0.40 %     0.50 %
    Nonperforming assets as a percentage of total assets   0.84 %     0.23 %     0.56 %     0.27 %     0.33 %
    Year-to-date net charge-offs $ 137     $ 127     $ 610     $ 1,046     $ 954  
    Year-to-date net charge-offs as a percentage of average   0.03 %     0.05 %     0.13 %   0.11 %     0.10 %
    loans (annualized)      
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,934       5,922       5,896       5,903       5,872  
    Shareholders’ equity $ 193,079     $ 187,603     $ 165,155     $ 177,899     $ 147,317  
    Book value per common share $ 32.54     $ 31.68     $ 28.01     $ 30.14     $ 25.09  
    Tangible common equity3 $ 186,874     $ 181,354     $ 158,763     $ 171,606     $ 140,823  
    Tangible book value per common share4 $ 31.49     $ 30.62     $ 26.93     $ 29.07     $ 23.98  
    Tangible common equity to total assets   11.5 %     11.1 %     9.7 %     10.6 %     8.7 %
    Gross loans to deposits   74.7 %     73.6 %     76.4 %     74.1 %     71.9 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.7 %     12.3 %     11.3 %     11.9 %     10.8 %
    Common Equity Tier 1 Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Tier 1 Risk-Based Capital Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Total Risk-Based Capital Ratio   19.2 %     19.0 %     17.6 %     18.5 %     16.9 %
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023 , August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).   
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.      
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.    
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Three Months Ended   For the Three Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,020,004   $ 15,612   6.14 %   $ 980,723   $ 15,412   6.32 %
    Investment securities     369,624     3,913   4.25 %     367,841     3,932   4.30 %
    Non-taxable investment securities (1)     72,719     591   3.26 %     76,275     602   3.17 %
    Interest-bearing deposits     46,368     517   4.47 %     88,607     1,214   5.51 %
    Total interest-earning assets     1,508,715     20,633   5.48 %     1,513,446     21,160   5.62 %
    Cash and due from banks     26,880             26,859        
    Other assets     87,117             90,092        
    Total assets   $ 1,622,712           $ 1,630,397        
                             
    Interest-bearing liabilities:                        
    Money market deposits     287,707     1,283   1.79 %     215,614     468   0.87 %
    Savings deposits     298,989     257   0.34 %     322,919     174   0.22 %
    Time deposits     118,057     744   2.53 %     94,684     674   2.86 %
    Total deposits     704,753     2,284   1.30 %     633,217     1,316   0.84 %
    Borrowings     15,000     146   3.90 %     120,000     1,431   4.80 %
    Other interest-bearing liabilities     17,265     20   0.46 %     16,809     8   0.19 %
    Total interest-bearing liabilities     737,018     2,450   1.33 %     770,026     2,755   1.44 %
    Non-interest-bearing deposits     659,554             663,094        
    Other liabilities     37,112             37,794        
    Shareholders’ equity     189,028             159,483        
    Total liabilities & equity   $ 1,622,712           $ 1,630,397        
    Cost of funding interest-earning assets (4)           0.65 %           0.73 %
    Net interest income and margin (5)       $ 18,183   4.83 %       $ 18,405   4.89 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $4.1 million for 2025 and $4.2 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended June 30, 2025 and 2024 were $196 thousand and $338 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Six Months Ended   For the Six Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,016,008   $ 31,008   6.15 %   $ 972,427   $ 30,005   6.21 %
    Investment securities     369,376     7,840   4.28 %     369,815     7,537   4.10 %
    Non-taxable investment securities (1)     73,795     1,174   3.21 %     92,225     1,393   3.04 %
    Interest-bearing deposits     53,845     1,201   4.50 %     81,807     2,252   5.54 %
    Total interest-earning assets     1,513,024     41,223   5.49 %     1,516,274     41,187   5.46 %
    Cash and due from banks     26,679             26,722        
    Other assets     86,732             85,300        
    Total assets   $ 1,626,435           $ 1,628,296        
                             
    Interest-bearing liabilities:                        
    Money market deposits     283,469     2,429   1.73 %     213,399     844   0.80 %
    Savings deposits     311,151     463   0.30 %     329,242     354   0.22 %
    Time deposits     103,304     1,288   2.51 %     93,092     1,304   2.82 %
    Total deposits     697,924     4,180   1.21 %     635,733     2,502   0.79 %
    Borrowings     15,000     290   3.90 %     117,170     2,798   4.80 %
    Other interest-bearing liabilities     19,216     31   0.33 %     19,260     25   0.26 %
    Total interest-bearing liabilities     732,140     4,501   1.24 %     772,163     5,325   1.39 %
    Non-interest-bearing deposits     670,961             668,441        
    Other liabilities     37,602             31,118        
    Shareholders’ equity     185,732             156,574        
    Total liabilities & equity   $ 1,626,435           $ 1,628,296        
    Cost of funding interest-earning assets (4)           0.60 %           0.70 %
    Net interest income and margin (5)       $ 36,722   4.89 %       $ 35,862   4.76 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $3.9 million for 2025 and $4.8 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the six-month periods ended June 30, 2025 and 2024 were $471 thousand and $682 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Interchange income $ 784   $ 782     2     0.3 %
    Service charges on deposit accounts   781     743     38     5.1 %
    Loan servicing fees   148     186     (38 )   (20.4 )%
    FHLB Dividends   135     136     (1 )   (0.7 )%
    Earnings on life insurance policies   108     104     4     3.8 %
    Other   405     251     154     61.4 %
    Total non-interest income $ 2,361   $ 2,202   $ 159     7.2 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,553   $ 5,283   $ 270     5.1 %
    Occupancy and equipment   2,050     1,949     101     5.2 %
    Outside service fees   1,160     1,184     (24 )   (2.0 )%
    Merger and acquisition expenses   481     –     481     100.0 %
    Advertising and shareholder relations   273     214     59     27.6 %
    Armored car and courier   224     220     4     1.8 %
    Professional fees   219     329     (110 )   (33.4 )%
    Business development   188     210     (22 )   (10.5 )%
    Deposit insurance   180     185     (5 )   (2.7 )%
    Director compensation and expense   155     199     (44 )   (22.1 )%
    Telephone and data communication   124     204     (80 )   (39.2 )%
    Loan collection expenses   51     117     (66 )   (56.4 )%
    Amortization of Core Deposit Intangible   44     51     (7 )   (13.7 )%
    Other   310     251     59     23.5 %
    Total non-interest expense $ 11,012   $ 10,396   $ 616     5.9 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts $ 1,486   $ 1,458     $ 28     1.9 %
    Interchange income   1,474     1,522       (48 )   (3.2 )%
    Loan servicing fees   334     388       (54 )   (13.9 )%
    FHLB Dividends   272     273       (1 )   (0.4 )%
    Earnings on life insurance policies   217     200       17     8.5 %
    Gain (loss) on sale of investment securities   3     (19,826 )     19,829     (100.0 )%
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Other   1,788     473       1,315     278.0 %
    Total non-interest income $ 5,574   $ 4,342     $ 1,232     28.4 %
                   
    The following table presents the components of non-interest expense for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 11,433   $ 10,649     $ 784     7.4 %
    Occupancy and equipment   4,064     3,639       425     11.7 %
    Outside service fees   2,424     2,316       108     4.7 %
    Merger and acquisition expenses   1,050     –       1,050     100.0 %
    Advertising and shareholder relations   535     458       77     16.8 %
    Professional fees   448     768       (320 )   (41.7 )%
    Armored car and courier   441     422       19     4.5 %
    Deposit insurance   362     372       (10 )   (2.7 )%
    Business development   355     363       (8 )   (2.2 )%
    Director compensation and expense   321     366       (45 )   (12.3 )%
    Telephone and data communication   298     426       (128 )   (30.0 )%
    Loan collection expenses   122     221       (99 )   (44.8 )%
    Amortization of Core Deposit Intangible   87     102       (15 )   (14.7 )%
    Other   537     691       (154 )   (22.3 )%
    Total non-interest expense $ 22,477   $ 20,793     $ 1,684     8.1 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                     
    The following table shows the distribution of loans by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Commercial   $ 81,118   8.0 %   $ 81,170   8.1 %
    Agricultural     113,850   11.2 %     123,661   12.4 %
    Real estate – residential     11,053   1.1 %     11,755   1.2 %
    Real estate – commercial     673,129   66.1 %     588,332   59.0 %
    Real estate – construction & land     40,798   4.0 %     67,960   6.8 %
    Equity Lines of Credit     41,620   4.1 %     38,446   3.9 %
    Auto     51,487   5.1 %     80,751   8.1 %
    Other     4,791   0.4 %     5,259   0.5 %
    Total Gross Loans   $ 1,017,846   100 %   $ 997,334   100 %
                     
    The following table shows the distribution of Commercial Real Estate loans at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Owner occupied   $ 294,765   43.8 %   $ 240,346   40.9 %
    Investor     378,364   56.2 %     347,986   59.1 %
    Total real estate – commercial   $ 673,129   100 %   $ 588,332   100 %
                     
                     
    The following table shows the distribution of deposits by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Deposits in Each     Deposits in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Deposits   of Period   Total Deposits
        6/30/25   6/30/25   6/30/24   6/30/24
    Non-interest bearing   $ 668,086   48.9 %   $ 670,652   51.4 %
    Money Market     281,516   20.6 %     214,063   16.4 %
    Savings     290,440   21.2 %     322,081   24.7 %
    Time     126,785   9.3 %     97,791   7.5 %
    Total Deposits   $ 1,366,827   100 %   $ 1,304,587   100 %
                     

    The MIL Network –

  • MIL-OSI: Delinea Wins 2025 Technology Top Workplaces Award

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 16, 2025 (GLOBE NEWSWIRE) — Delinea, a pioneering provider of solutions for securing human and machine identities through centralized authorization, has been named a 2025 Technology Top Workplaces Award winner based on employee feedback. Organized by Energage, the Top Workplaces program has a 17-year history of surveying and celebrating organizations that have built people-first workplace cultures in their sectors nationally and across 60 regional markets.

    This award marks Delinea as an employer of choice for those looking to work in the technology industry. Out of 70,000 organizations invited to participate in the award, Delinea is one of only 29 technology companies with over 500 employees to be recognized on this year’s list. Winners are selected based on anonymous employee feedback through an employee engagement survey. The results are calculated by comparing results of similar organizations, including 15 research-backed culture drivers that predict high performance among the industry benchmark.

    “This award is a remarkable achievement and testament to the work we’ve put into building a STRONG culture here at Delinea,” said Missy Ballew, Chief People Officer at Delinea. “It’s not just a point of pride for our team; it reflects the kind of company our customers choose to partner with. At the heart of our culture is a deep commitment to listening and providing meaningful opportunities for employee development. It’s what drives growth for our people, our partners, and our customers.”

    Delinea provides a unified, cloud-native identity security platform that enables businesses to protect and manage human and machine identities in the age of AI. The company recently announced new capabilities to help enterprises safeguard and scale AI innovation, while better protecting critical systems and data from AI-driven attacks. This commitment to innovation is why Delinea was the only identity security provider to be recognized as a leader in all five major analyst reports for Privileged Access Management in 2024, including Gartner, Forrester, KuppingerCole, Frost & Sullivan, and EMA.

    “Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees,” said Eric Rubino, CEO at Energage. “That’s something to be proud of. In today’s market, leaders must ensure they’re allowing employees to have a voice and be heard. That’s paramount. Top Workplaces do this, and it pays dividends.”

    To learn more about Delinea’s open career opportunities and commitment to creating a positive work environment, visit: https://delinea.com/careers

    ABOUT DELINEA
    Delinea is a pioneer in securing human and machine identities through intelligent, centralized authorization, empowering organizations to seamlessly govern their interactions across the modern enterprise. Leveraging AI-powered intelligence, Delinea’s leading cloud-native Identity Security Platform applies context throughout the entire identity lifecycle – across cloud and traditional infrastructure, data, SaaS applications, and AI. It is the only platform that enables you to discover all identities – including workforce, IT administrator, developers, and machines – assign appropriate access levels, detect irregularities, and respond to threats in real-time. With deployment in weeks, not months, 90% fewer resources to manage than the nearest competitor, and a 99.995% uptime, the Delinea Platform delivers robust security and operational efficiency without compromise. Learn more about Delinea on LinkedIn, Twitter, and YouTube.

    ABOUT ENERGAGE
    Making the world a better place to work together.TM
    Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 18 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations,  Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

    The MIL Network –

  • MIL-OSI Africa: South Africa and Tunisia strengthen ties in science and innovation

    Source: Government of South Africa

    In a bid to deepen bilateral cooperation, South Africa and Tunisia have signed a landmark agreement aimed at scaling up collaboration in science, technology, and innovation (STI).

    The agreement, signed during the official visit of Minister of Science, Technology and Innovation, Blade Nzimande, to Tunisia, forms part of the Scaling up Tunisia–South Africa Strategy. It includes a detailed plan of action and the formal minutes of a joint research call meeting.

    According to the Department of Science, Technology and Innovation (DSTI), the strategy outlines several key areas of focus, including exchange programmes, inter-institutional cooperation, joint research initiatives, intellectual property rights, innovation-driven knowledge and skills transfer, participation in international programmes, and governance.

    The signing ceremony followed an opening session featuring keynote remarks from Tunisia’s Minister of Higher Education and Scientific Research, Mondher Belaid, and Minister Nzimande.

    Nzimande noted that the visit was primarily intended to strengthen STI relations between the two nations, while also reflecting on the historic ties forged during the anti-apartheid struggle.

    Emphasising the strategic value of the partnership, Nzimande said: “We hold the view that African countries must intensify sub-regional science, technology and innovation cooperation and through this, mobilise more coherent support for the implementation of the African Union’s Science, Technology and Innovation Strategy for Africa or STISA.”

    He also thanked the Tunisian Embassy in South Africa for its efforts in fostering bilateral relations, highlighting the recognition of Hasna Tizaoui, the Economic and Cultural Counsellor at the Tunisian Embassy, with a Science Diplomacy award.

    “To express our appreciation for this work done by your Embassy in South Africa, through our Science Forum South Africa, we awarded Ms Hasna Tizaoui, Economic and Cultural Counsellor of the Embassy of Tunisia, with the prestigious Science Diplomacy award,” Nzimande said.

    Touching on global political shifts, the Minister warned of rising geopolitical pressures and called for stronger African unity in STI efforts.

    “We, therefore, hold the view that African countries must intensify sub-regional science, technology and innovation cooperation and through this, mobilise more coherent support for the implementation of the African Union’s Science, Technology and Innovation Strategy for Africa (STISA).”

    The new agreement builds on an already established relationship in STI cooperation between South Africa and Tunisia. It aims to accelerate the development of innovative solutions to address shared challenges such as youth unemployment, skills development, healthcare, food security, energy and water sustainability, climate change, biodiversity loss, and digital transformation.

    Nzimande was accompanied by a high-level delegation comprising senior officials from the DSTI and its entities, including the Council for Scientific and Industrial Research (CSIR), the Technology Innovation Agency (TIA), the National Research Foundation (NRF), and experts from Mintek (the Council for Mineral Technology). – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Africa Finance Corporation (AFC) Assigned A+ Rating with Stable Outlook by Japan Credit Rating Agency, Strengthening Access to Asian Capital Markets

    Source: APO – Report:

    .

    Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been assigned a long-term Issuer credit rating of A+ with a stable outlook by Japan Credit Rating Agency, Ltd (JCR). This rating will enable AFC to continue growing its footprint in Asian capital markets.

    “The credit rating reflects AFC’s leading role in infrastructure development in Africa, the strong support from its member states and shareholders, the benefits of Preferred Creditor Status (PCS), its conservative financial policy, and its strong capital base,” JCR  stated in its  report.“ AFC employs diverse funding channels, including Eurobond issuance in international capital markets; borrowing from MDBs such as the African Development Bank, PROPARCO, DEG/FMO, KFW group, Export-Import Bank of China, Korea Development Bank, etc.; and financing from African, Chinese, European, Indian, Japanese and Middle Eastern private financial institutions.”

    The Japan Credit Rating Agency’s A+ rating reflects AFC’s continued demonstration of solid capital adequacy, maintaining a Capital Adequacy Ratio of 33.6% and improving its Cost-to-Income Ratio to 17.3% in FYE2024. In 2024, AFC delivered remarkable financial results, posting a 22.8% increase in revenue to surpass US$1 billion for the first time, as well as a 16.7% rise in total assets to US$14.41 billion. Liquidity buffers remain well above prudential thresholds, with a liquidity coverage ratio of 194% under normal conditions and 191% on a stressed basis, underscoring AFC’s resilience.

    JCR’s rating decision supports the Corporation’s ability to secure competitive borrowing costs. This financial strength underpins AFC’s ability to deliver transformational infrastructure projects across power, natural resources, transport and logistics, heavy industry, telecommunications, and technology—driving industrialisation and job creation across the continent. A notable example is the Lobito Corridor, where AFC serves as lead developer. Positioned to become one of Africa’s most strategic economic arteries, the corridor will connect Angola’s Port of Lobito on the Atlantic coast to Zambia through modernised rail infrastructure, enhancing regional trade, unlocking mineral value chains, and catalysing cross-border economic integration.

    Other key AFC transactions include a US$150 million investment in the Kamoa-Kakula Copper Complex—Africa’s largest and one of the world’s most sustainable copper producers and leading the commercial financing of a €381.5 million package for the engineering, procurement, and construction of 186 bridges and critical upgrades to Angola’s road network, which will improve connectivity and boost regional trade.

    Leading Japanese financial institutions—Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation have been critical partners supporting AFC on its journey of transforming Africa, participating in multiple funding transactions including bilateral, syndicated and Samurai facilities. This partnership has extended beyond AFC’s own capital-raising efforts to broader support for African issuers. A notable example is the Arab Republic of Egypt’s inaugural Samurai Bond, where AFC acted as re-guarantor and SMBC served as guarantor, facilitating a successful JPY 75 billion private placement.

    “Amidst a challenging global macroeconomic backdrop, this endorsement by JCR affirms AFC’s financial strength and credibility, enhancing our ability to mobilise competitively priced capital for transformative infrastructure projects across Africa,” said Banji Fehintola, Executive Board Member & Head, Financial Services at AFC. “It reinforces our position as a reliable institutional partner for Japan and a key driver of Africa-Japan cooperation.”

    “In the challenging business environment, with increasing geopolitical instability in some African countries, AFC’s role in advancing infrastructure development in Africa as an MDB established by African countries is becoming more important, and support from member states and shareholders is expected to strengthen,” JCR analysts said, commending the Corporation. “AFC conducts appropriate risk management in the challenging business environment in Africa, ensuring strong profitability and building a sound financial structure. AFC has established risk management policies for various risks associated with its operations, including credit risk, market risk, liquidity risk, operational risk, assets and liabilities management (ALM) risk, and environmental/social policy risks,” they further reported.

    Some of AFC’s landmark funding initiatives include the successful issuance of its US$500 million perpetual hybrid bond, the closing of a US$400 million Shariah-compliant Commodity Murabaha, and leading Nigeria’s inaugural domestic dollar bond issuance, which raised over US$900 million, with an oversubscription rate of 180%. These transactions underscore the Corporation’s innovative approach to capital markets, diversifying funding sources and enhancing its ability to finance transformational infrastructure projects across Africa.

    For the full statement from Japan Credit Rating Agency, please click here (https://apo-opa.co/46j2eU9). 

    – on behalf of Africa Finance Corporation (AFC).

    Media Enquiries:
    Yewande Thorpe
    Communications
    Africa Finance Corporation
    Mobile: +234 1 279 9654
    Email: yewande.thorpe@africafc.org

    About AFC:
    AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

    Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. www.AfricaFC.org

    MIL OSI Africa –

  • MIL-OSI USA: Senators Collins, Smith, King Introduce Bill to Combat Lyme and Other Tick-Borne Diseases

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. — U.S. Senators Susan Collins (R-ME) and Tina Smith (D-MN) today introduced legislation to reauthorize the Kay Hagan Tick Act, their landmark legislation to improve research, prevention, diagnostics, and treatment for tick-borne diseases, which became law in 2019. Senator Angus King (I-ME) joins them as an original co-sponsor. The Kay Hagan Tick Act unites the effort to confront the alarming public health threat posed by Lyme disease and other tick-borne diseases. Confirmed cases of Lyme disease reached a record number in Maine – 3,035 – last year. Senators Collins and Smith named their bill in honor of former Senator Kay Hagan (D-NC) who passed away on October 28th, 2019, due to complications from the tick-borne disease known as the Powassan virus.

    “Last year, Maine reported over 3,000 cases of Lyme disease—a record in our state. The reauthorization of our Tick Act is urgently needed to continue to support those who struggle with Lyme and other tick-borne illnesses and keep improving research, diagnostics, treatment, and prevention for these terrible diseases,” said Senator Collins. “Resources from the Tick Act have led to exciting developments such as the first-ever clinical trial for a Lyme disease vaccine for people, which is underway right now at the MaineHealth Institute for Research.”

    “My home state of Minnesota is proud to have more than 10,000 lakes and thousands of rivers for us to enjoy, and we’re always especially eager to get outside after a long winter,” said Senator Smith. “Unfortunately, the number of Lyme disease cases in the state—and states across the country—is on the rise. This bill would empower regional centers to lead the response against these diseases and expanded the federal government’s role in researching, testing and treating these diseases. For the sake of Americans’ health and well-being, we need to keep moving this bill forward.”

    “Our state has been battling diseases like Lyme for decades, so it is critical we continue to invest in our research and understanding of these vector-borne diseases to better protect Maine residents and visitors,” said Senator King. “The Kay Hagan Tick Act will further the prevention efforts that keep us safe by funding research, testing and diagnostics along with resources for improved data collection. I am proud to work on this critical bipartisan legislation that will help mitigate this long-term public health threat for the future safety and health of all Maine people.”

    “Reauthorizing the Kay Hagan Tick Act will continue the nation’s coordinated framework for tick-borne disease surveillance, diagnostics, and prevention”, said Griffin Dill, Director of the University of Maine Tick Lab. Continued support means earlier detection, targeted interventions, and fewer families facing the physical and financial burden of Lyme disease and other emerging infections. Through this investment, Congress can ensure a proactive approach to safeguarding our communities from increasing threats related to ticks.”

    “With an estimated 500,000 new cases of Lyme disease each year, it is critical that the United States is equipped to effectively prevent, detect, and respond to this growing public health threat,” said Bonnie Crater, co-founder and board member at Center for Lyme Action. “We applaud the foundation laid by the Kay Hagan Tick Act, which established the National Public Health Strategy to Prevent and Control Vector-Borne Diseases in Humans and we are committed to working with Congress and federal agencies to ensure this strategy is fully implemented and strengthened.  We commend Senator Collins, Senator King, and Senator Smith for their bipartisan leadership in advancing the reauthorization of this vital legislation to protect the health and safety of Americans nationwide.”

    Using a three-pronged approach, the Kay Hagan Tick Reauthorization Act would:

    1. Require the Department of Health and Human Services (HHS) to continue implementing and updating, as appropriate, its National Public Health Strategy to Prevent and Control Vector-Borne Diseases in People.  This strategy has been integral in expanding research into tick-borne diseases, improving testing and diagnostics, and coordinating efforts across the federal government.
    1. Reauthorize Regional Centers of Excellence in Vector-Borne Disease for five years. Funding for these centers, which was allotted in 2017, expires this year. These Centers have led the scientific response against tick-borne diseases, which now make up 75 percent of vector-borne diseases in the U.S.  There are four centers located at universities in California, Florida, Texas, and Wisconsin. 
    1. Reauthorize CDC Grants to State Health Departments to improve data collection and analysis, support early detection and diagnosis, improve treatment, and raise awareness.  These awards would help states continue to build a public health infrastructure for Lyme and other vector-borne diseases and amplify their initiatives through public-private partnerships.   

    In May, Senator Collins delivered the opening remarks at the Center for Lyme Action Congressional Series and spoke to the need for continued federal funding for tick-borne disease research. Click here to watch and here to download her remarks. Senator Collins has also urged leading health officials to continue to support the development of treatment for these illnesses, including the clinical trials currently ongoing in Maine for the first Lyme disease vaccine for people.

    Senator King is a longtime advocate for the elimination of vector-borne diseases. His SMASH Act, bipartisan legislation to reauthorize critical public health tools that support states and localities in their mosquito surveillance and control efforts, especially those linked to mosquitos that carry the Zika virus, and improve the nation’s preparedness for Zika and other mosquito-borne threats like West Nile virus, chikungunya, and Eastern Equine Encephalitis (“triple-e”) virus was signed into law in 2019. A re-authorization of SMASH was introduced in 2023 and included in the Pandemic All-Hazards Preparedness Act Reauthorization.

    MIL OSI USA News –

  • MIL-OSI: Global Cryptocurrency Payment Apps Market Projected to Reach $2.4 Billion By 2033 as Demand Rises

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 16, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Worldwide, there is a growing demand for cryptocurrency payments applications. A report from Grand View Research projected that the global cryptocurrency payment apps market size was estimated at USD 556.9 million in 2024 and is projected to reach USD 2,404.1 million by 2033, growing at a CAGR of 17.8% from 2025 to 2033. The emergence of Web3 and blockchain technology created the need for cryptocurrency payment apps to enable individuals to conduct seamless transactions. The report said: “The growing adoption of cryptocurrencies globally is the key driver for the market’s expansion. People are encouraged to use cryptocurrency payment platforms owing to the decentralized nature of the blockchain, which eliminates mediators such as banks from the payment processing system. It reduces the processing time and accelerates the transaction speed, consequently adding to the increasing popularity of such platforms. In addition, the growing prevalence of cryptocurrencies as an investment option among millennials is also fueling the growth of the cryptocurrency payment apps industry.” It continued: “One of the most transformative trends in the market is the increasing interoperability between crypto payment platforms and traditional banking systems. Crypto apps now allow users to seamlessly convert digital assets into fiat currencies and vice versa, enabling easier withdrawals, direct-to-bank transfers, and debit card functionalities. This fusion is bridging the gap between old and new financial infrastructures, encouraging a smoother transition for users hesitant to move entirely into decentralized finance (DeFi). Thus, increasing integration of cryptocurrency payment apps with traditional financial systems can be attributed to the market’s growth.” Active companies in the markets this week include Amaze Holdings, Inc. (NYSE American: AMZE), Shopify Inc. (NASDAQ: SHOP), Roblox Corporation (NYSE: RBLX), PayPal Holdings, Inc. (NASDAQ: PYPL), Hut 8 Corp. (NASDAQ: HUT).

    The Report continued: “The proliferation of mobile payment adoption and advancements in cybersecurity are further propelling the market. Cryptocurrency payment apps are leveraging biometric authentication, multi-signature wallets, and hardware-based security modules to enhance transaction safety. Coupled with the increasing global smartphone penetration, especially in emerging economies, these innovations are making digital asset payments more accessible and secure for a broader audience. In addition, the continual developments and innovations to enhance the consumer’s experience in the blockchain space are expected to create a positive outlook for the market. North America dominated the cryptocurrency payment apps industry and accounted for a share of 34.6% in 2024. The presence of several prominent players in the region stimulates market growth. In addition, the collaborative efforts that have been made by some of the market players toward the acceptance of cryptocurrency payments are expected to create further opportunities for regional growth.”

    Amaze Holdings, Inc. (NYSE American:AMZE) Launches Crypto Payment Strategy to Accelerate Global Creator Monetization – Strategic partnership targets stablecoin integration, digital asset treasury solutions, and next-gen monetization for global creator economy – Amaze Holdings, Inc. (“Amaze”) , a global leader in creator-powered commerce, announced a major cryptocurrency initiative designed to modernize global payments, unlock new monetization tools, and enhance the Company’s financial flexibility.

    This strategic initiative follows the recent launch of Amaze’s Express Checkout and expanded payment offerings, underscoring the Company’s assertive push to lead in both traditional and digital payment innovation.

    As part of the launch, Amaze has partnered with DNA Fund—a premier digital asset advisory firm—to help design and deploy blockchain-based payment and treasury strategies.

    “Partnering with DNA Fund accelerates our ability to reduce cross-border payment friction and deliver faster, more flexible solutions to our growing base of international creators,” said Aaron Day, CEO of Amaze. “This partnership allows us to introduce new payment offerings for our 13 million-plus creators and brings value to the millions of visitors who come to our platform looking to buy,” Day added. “It also lets us start thinking beyond payments-toward helping creators access funding and build real businesses. This is a critical step in becoming a true partner to the global creator economy.”

    Phase One, launching in the next 60–90 days, will focus on stablecoin integration to accelerate international payments and significantly lower transaction costs. Future phases will explore:

    • Digital asset treasury management
    • Creator-specific financial services (credit lines, cards, etc.)
    • A potential “Amaze Coin” to drive community engagement and new monetization models.

    “Amaze sits at the crossroads of commerce and community,” said Brock Pierce, Chairman of DNA Fund. “We’re excited to help bring new Crypto and Web3 technologies to creators — for faster payments, new funding options, and the foundation for bringing Amaze into the Web3 space. We have a long history of helping companies innovate and think Amaze is in a unique position to disrupt the creator economy through crypto.” All crypto initiatives will be developed in alignment with U.S. regulatory frameworks, with robust compliance and risk oversight throughout. CONTINUED… Read this full press release for Amaze Holdings at: https://www.nasdaq.com/press-release/amaze-launches-crypto-payment-strategy-accelerate-global-creator-monetization-2025-07

    Other recent developments in the markets of note include:

    Shopify Inc. (NASDAQ: SHOP) – ai12z has recently introduced a new set of enhancements to its platform, bringing eCommerce functionality through a Shopify integration, real-time data connectivity via Model Context Protocol (MCP), and deeper insight into how AI responses are generated.

    Imagine an agent—also known as an AI assistant or digital assistant—that fully represents your organization, answers user questions, and guides them to the next step in their journey. Whether that means discovering a product, checking an order, making a reservation, or resolving a support issue, your assistant is now equipped to make it happen.

    At the core of this release is support for Model Context Protocol (MCP), a new open standard that allows agents to connect to external systems through a shared, unified structure. MCP eliminates the need to build custom integrations for every service. Your agent can now access a growing ecosystem of compatible systems—such as CRMs like Salesforce or HubSpot, reservation platforms, inventory tools, and more. Connections are fast, scalable, and require no custom code. This enables real-time, dynamic responses at scale with far less effort.

    Roblox Corporation (NYSE: RBLX) recently announced the launch of its new licensing platform, including the Roblox License Manager and Licenses catalog. This innovative framework unlocks game and interactive media licensing at scale, enabling IP holders to self-serve through Roblox’s global creator community, and seamlessly integrate popular IP into games and experiences.

    “We have a goal to have 10% of all gaming content revenue flowing through the Roblox ecosystem and benefiting our community,” said Manuel Bronstein, Chief Product Officer at Roblox. “This will require having a wide range of experiences and giving creators the opportunity to partner with rights holders of the most recognizable IP. License Manager and Licenses catalog are an important part of making it easier for owners to manage and license their IP at scale on Roblox.”

    PayPal Holdings, Inc. (NASDAQ: PYPL), a global leader in payments, recently announced multi-year agreements with the Big Ten and Big 12 Conferences that will modernize the distribution of institutional payments from universities to student-athletes in a new revenue-sharing model. The new institutional payments initiative enables athletic departments to seamlessly dispense payments through PayPal, ensuring a secure, efficient, and transparent way to distribute funds to payees. With the funds in their wallets, students will have the option to access all the benefits of PayPal’s commerce ecosystem, from seamlessly buying tickets to a sporting event or purchasing their books for the year at the university bookstore.

    The recent court decision, which allows colleges and universities to share revenue directly with student-athletes, stands to revolutionize college sports. This partnership helps make that real by distributing those funds to student-athletes in a fast, simple, and secure way.

    Hut 8 Corp. (NASDAQ:HUT) recently announced a corporate rebrand that aligns the Company’s external positioning with its strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization.

    “Our new brand enables us to more clearly express what has always set Hut 8 apart: a power-first, innovation-driven approach to developing, commercializing, and operating next-generation digital infrastructure,” said Asher Genoot, CEO of Hut 8. “Since our merger of equals, we have scaled with discipline across each layer of our platform, institutionalized the broader business, and executed with the rigor we believe is required to deliver outsized long-term value for our investors. Our new brand embeds our platform-driven strategy into our external positioning and sharpens how we articulate our business model, structural advantages, and approach to long-term value creation to the market.”

    About FN Media Group:

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

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

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI United Nations: Gaza: More misery as new evacuation orders impact tens of thousands

    Source: United Nations MIL OSI

    Those impacted by the orders have been told to relocate to the “already overcrowded” coastal strip at Al Mawasi, according to the UN Office for the Coordination of Humanitarian Affairs (OCHA), late Tuesday.

    Al Mawasi near Khan Younis lacks “the basics for survival”, the UN agency insisted. It has also seen nearly two dozen strikes on displaced Gazans sheltering in tents there between 18 March and 11 April, the UN human rights office said. 

    As the war drags on well into its 21st month, Gaza’s most vulnerable people continue to struggle to survive.

    Dialysis emergency

    They include Musbah Zaqqout, 70, one of 230 patients receiving lifesaving dialysis at Al-Shifa Hospital in Gaza City. His treatment has been disrupted by persistent supply shortages that reduced sessions from three to two per week at the end of last month, the UN World Health Organization (WHO) warned on Tuesday.

    “He suffered a lot when dialysis was not available,” said Mr. Zaqqout’s wife, Saadia. “He was suffocating and was frequently admitted to the hospital, to the point where he fell into a coma, lost focus and didn’t recognize anyone.”

    With support from partner organization KS Relief, WHO delivered dialysis supplies and fuel for Al-Shifa Hospital, so that it could resume dialysis treatment and other lifesaving services.

    “Thank God, after restarting dialysis, his condition improved,” Mrs. Zaqqout said, while the UN health agency reiterated its calls for sustained entry of food, fuel, and health aid at scale through all possible routes.

    “Critical shortages of fuel and medical supplies persist across Gaza,” WHO warned. “Without urgent and sustained replenishment, health care services risk coming to a grinding halt.”

    Child malnutrition tragedy

    Echoing those concerns, the UN agency for Palestinians, UNRWA, warned on Wednesday that it is increasingly difficult to help Gazans. Already, one in 10 of the children brought to its clinics suffers from malnutrition. The condition was unheard of in the enclave before the war, but it more than doubled in children under five between March and June, amid the near-total Israeli siege.

    “It’s becoming more and more difficult for us to continue providing services,” said UNRWA’s Louise Wateridge. “At least 188 UNRWA installations – over half of all our installations in the Gaza Strip – are located within the Israeli-militarized zone, under displacement orders, or where these overlap.”

    In an update, Ms. Wateridge said that only six UNRWA health centres and 22 of the agency’s medical points remain operational today, in addition to 22 mobile medical points inside and outside shelters.

    Nearly 60 per cent of essential medical supplies are now out of stock, according to the UN agency. “Children are dying before our eyes, because we do not have the medical supplies or sustained food to treat them,” it said.

    Key medicines run out

    As a direct result of the Israeli blockade on Gaza which began on 2 March, UNRWA said that it has “now run out of” medicines for high blood pressure, antiparasitic and antifungal medicine, medicine for eye infections and inflammation, all skin treatments and oral antibiotics for adults.

    Providing clean water to the war-shattered enclave remains a massive challenge and only two UNRWA main water wells still function. Ten were operational before the war. Another 41 smaller wells are operational in UNRWA shelters.

    For the past two months in north Gaza, UNRWA has been forced to stop providing water and sanitation services for around 25,000 displaced people in shelters, owing to displacement orders issued by Israeli forces.

    “The restrictions on the entry of fuel continues placing life-saving services at a severe risk,” the UN agency said. “Critical water services are at risk of shutting down if sustained fuel supplies are not permitted entry.”

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Legislative amendments on mandatory installation of Journey Recording Systems and provision of electronic payment means on taxis to be gazetted on Friday

    Source: Hong Kong Government special administrative region

    The Government will gazette the Road Traffic (Construction and Maintenance of Vehicles) (Amendment) Regulation 2025 and the Road Traffic (Public Service Vehicles) (Amendment) Regulation 2025 this Friday (July 18). The Amendment Regulations seek to mandate the installation of Journey Recording Systems (JRS) on all taxis and require all taxi drivers to allow taxi fares to be paid by electronic payment means (e-payment means), with a view to enhancing the overall taxi service quality with technology and meeting public’s demand. 

    A spokesperson for the Transport and Logistics Bureau said, “The JRS should be capable of making video recordings with audio inside a taxi compartment (in-vehicle recordings) as well as making video recordings of the clear front and rear views outside the taxi. It should also capture data concerning the location of the taxi via a global navigation satellite system and be properly sealed and examined. We believe that these functions will help deter taxi drivers’ malpractices, enhance driving safety of taxis and safeguard the interest of drivers and passengers in the event of disputes.”

    To assist the trade in preparing for the new requirements relating to the JRS, the Transport Department (TD) will inform the trade of the relevant requirements through various channels, such as the TD’s website, the regular publication of the Taxi Newsletter, publicity leaflets and regular meetings with the taxi trade, in the second half of this year. The TD will also carry out works relating to the authorisation of suppliers starting from the fourth quarter of this year, so that the trade may start installing the JRSs inside taxi compartments in 2026. Upon completion of such installation on all taxis, the JRSs will be ready to come into operation and will have to be connected to the centralised Information System of the TD.

    To protect the privacy of passengers and drivers, the recordings and data captured by the JRS should be encrypted. Only under specified purpose(s) (e.g. investigating any conduct that may constitute a traffic-related contravention under any law of Hong Kong), law enforcement agencies, the Commissioner for Transport and authorised persons can retrieve or access the in-vehicle recordings.  

    “In addition, since many taxis now still accept cash only which has caused great inconvenience to passengers (especially tourists), our Amendment Regulation will require all taxi drivers to allow fares to be paid by e-payment means. To help drivers to prepare for the new requirement before it comes into effect, the TD will actively co-ordinate with various e-payment platforms in arranging workshops or briefings to assist drivers in learning how to collect fares through e-payment means. This requirement will come into operation on April 1, 2026,” the spokesperson added.

    The Legislative Council (LegCo) Panel on Transport and the Transport Advisory Committee were briefed respectively on the proposals in December 2024 and Members were supportive of the proposals. The Amendment Regulations will be tabled at the LegCo on July 23, 2025 for negative vetting.

    Details of the proposals and the commencement of the provisions relating to the JRS and e-payment means are set out in the LegCo brief issued by the Government today (July 16).

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Coast Guard seizes over 240,000 pounds of cocaine, doubling amount interdicted over previous year

    Source: US Federal Emergency Management Agency

    Headline: Coast Guard seizes over 240,000 pounds of cocaine, doubling amount interdicted over previous year

    strong>WASHINGTON – The U

    S

    Coast Guard announced that it has seized 242,244 pounds of cocaine since the start of President Trump’s administration on January 20th

    This is a more than 100% increase over the cocaine seized under the previous administration over the same period in 2024

    Since just 1

    2 grams of cocaine can be lethal, the Coast Guard has seized over 91 million potentially lethal doses — enough to kill the entire population of the states of California, Texas, and New York combined

    This milestone comes after President Trump ordered a surge of Coast Guard resources to America’s maritime border on his first day in office, tripling the number of forces along the U

    S

    southern border and maritime approaches

     
    “The U

    S

    southern border is an interconnected system, and as illegal migration and smuggling become harder across the southwest land border, cartels may try different routes,” said Coast Guard Acting Commandant Adm

    Kevin Lunday

    “Our message to the cartels is this: We own the sea, not you

    Using every capability at our disposal, the Coast Guard will prevent threats from reaching our borders

    ” 
    “Thanks to the heroic and diligent work of the men and women of the U

    S

    Coast Guard, these drugs will never hit American streets to poison our communities and destroy American families,” said Assistant Secretary Tricia McLaughlin

    “Securing our maritime borders is critical to making America safe again

    Under President Trump and Secretary Noem’s leadership, the Coast Guard is getting the resources and support it needs to fulfill its mission like never before

    ”
    Under the President’s leadership, Secretary Noem is implementing Force Design 2028, a full-scale effort to transform the Coast Guard into a more agile, capable, and responsive force

    This effort will make the Coast Guard even more effective maritime force, empowering it to crack down on the international drug trade and keep deadly drugs like cocaine and fentanyl out of American communities

    80 percent of all US-bound drugs are seized on the high seas, and the Coast Guard is the primary force charged with interdicting those drugs and breaking up international maritime drug smuggling rings

     
    For more information about the Coast Guard, visit www

    uscg

    mil

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: NASA’s SpaceX Crew-11 Mission Gears Up for Space Station Research

    Source: NASA

    A host of scientific investigations await the crew of NASA’s SpaceX Crew-11 mission during their long-duration expedition aboard the International Space Station. NASA astronauts Zena Cardman and Mike Fincke, and JAXA (Japan Aerospace Exploration Agency) astronaut Kimiya Yui, are set to study plant cell division and microgravity’s effects on bacteria-killing viruses, as well as perform experiments to produce a higher volume of human stem cells and generate on-demand nutrients.
    Here are details on some of the research scheduled during the Crew-11 mission:

    A stem cell investigation called StemCellEx-IP1 evaluates using microgravity to produce large numbers of induced pluripotent stem cells. Made by reprogramming skin or blood cells, these stem cells can transform into any type of cell in the body and are used in regenerative medicine therapies for many diseases. However, producing enough cells on the ground is a challenge.
    Researchers plan to use the microgravity environment aboard the space station to demonstrate whether generating 1,000 times more cells is possible and whether these cells are of higher quality and better for clinical use than those made on Earth. If proven, this could significantly improve future patient outcomes.
    “This type of stem cell research is a chance to find treatments and maybe even cures for diseases that currently have none,” said Tobias Niederwieser of BioServe Space Technologies, which developed the investigation. “This represents an incredible potential to make life here on Earth better for all of us. We can take skin or blood cells from a patient, convert them into stem cells, and produce custom cell-therapy with little risk for rejection, as they are the person’s own cells.”

    Genes in Space is a series of competitions in which students in grades 7 through 12 design DNA experiments that are flown to the space station. Genes in Space-12 examines the effects of microgravity on interactions between certain bacteria and bacteriophages, which are viruses that infect and kill bacteria. Bacteriophages already are used to treat bacterial infections on Earth.
    “Boeing and miniPCR bio co-founded this competition to bring real-world scientific experiences to the classroom and promote molecular biology investigations on the space station,” said Scott Copeland of Boeing, and co-founder of Genes in Space. “This investigation could establish a foundation for using these viruses to treat bacterial infections in space, potentially decreasing the dependence on antibiotics.”
    “Previous studies indicate that bacteria may display increased growth rates and virulence in space, while the antibiotics used to combat them may be less effective,” said Dr. Ally Huang, staff scientist at miniPCR bio. “Phages produced in space could have profound implications for human health, microbial control, and the sustainability of long-duration remote missions. Phage therapy tools also could revolutionize how we manage bacterial infections and microbial ecosystems on Earth.”

    Some vitamins and nutrients in foods and supplements lose their potency during prolonged storage, and insufficient intake of even a single nutrient can lead to serious diseases, such as a vitamin C deficiency, causing scurvy. The BioNutrients-3 experiment builds on previous investigations looking at ways to produce on-demand nutrients in space using genetically engineered organisms that remain viable for years. These include yogurt and a yeast-based beverage made from yeast strains previously tested aboard station, as well as a new, engineered co-culture that produces multiple nutrients in one sample bag.
    “BioNutrients-3 includes multiple food safety features, including pasteurization to kill microorganisms in the sample and a demonstration of the feasibility of using a sensor called E-Nose that simulates an ultra-sensitive nose to detect pathogens,” said Kevin Sims, project manager at NASA’s Ames Research Center in California’s Silicon Valley.
    Another food safety feature is a food-grade pH indicator to track bacterial growth.
    “These pH indicators help the crew visualize the progress of the yogurt and kefir samples,” Sims said. “As the organisms grow, they generate lactic acid, which lowers the pH and turns the indicator pink.”
    The research also features an investigation of yogurt passage, which seeds new cultures using a bit of yogurt from a finished bag, much like maintaining a sourdough bread starter. This method could sustain a culture over multiple generations, eliminating concerns about yogurt’s shelf life during a mission to the Moon or Mars while reducing launch mass.

    The JAXA Plant Cell Division investigation examines how microgravity affects cell division in green algae and a strain of cultured tobacco cells. Cell division is a fundamental element of plant growth, but few studies have examined it in microgravity.
    “The tobacco cells divide frequently, making the process easy to observe,” said Junya Kirima of JAXA. “We are excited to reveal the effects of the space environment on plant cell division and look forward to performing time-lapse live imaging of it aboard the space station.”
    Understanding this process could support the development of better methods for growing plants for food in space, including on the Moon and Mars. This investigation also could provide insight to help make plant production systems on Earth more efficient.
    For nearly 25 years, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge and conducting critical research for the benefit of humanity and our home planet. Space station research supports the future of human spaceflight as NASA looks toward deep space missions to the Moon under the Artemis campaign and in preparation for future human missions to Mars, as well as expanding commercial opportunities in low Earth orbit and beyond.
    Learn more about the International Space Station at:
    https://www.nasa.gov/station

    MIL OSI USA News –

  • MIL-OSI: LIS Technologies Inc. Appoints Distinguished Nuclear Expert Lloyd Jollay as its UF6 Systems Manager

    Source: GlobeNewswire (MIL-OSI)

    Lloyd Jollay’s addition continues LIS Technologies’ initiative to build a management team consisting of veteran nuclear industry specialists and leaders.

    Oak Ridge, Tennessee, July 16, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that Lloyd Jollay, a seasoned nuclear engineering professional with over 30 years of experience in nuclear safety, materials management, and advanced fuel cycle operations, has been appointed as it UF6 Systems Manager.

    “LIST’s patented CRISLA technology has the potential to support the revitalization and growth of the nation’s nuclear-fuel supply chain,” said Lloyd Jollay, UF6Systems Manager of LIS Technologies Inc. “The Company has taken a leading role in this industry’s innovation and decisive steps to rebirth, demonstrate and subsequently commercialize its technology. I look forward to putting my industry experience to work in support of this mission.”

    Former Vice President of Isotopes and Nuclear Fuel Cycle at Boston Government Services, Lloyd Jollay led the development of nuclear safety programs and provided licensing support for emerging advanced reactor and isotope production initiatives. His extensive background includes managing criticality safety programs, supporting the peaceful use and transport of uranium materials, and advising on nuclear nonproliferation strategies within the DOE and NNSA complex.

    Figure 1 – LIS Technologies Inc. Appoints Seasoned Nuclear Engineering Professional Lloyd Jollay as its UF6Systems Manager.

    In his prior roles, Mr. Jollay held multiple leadership positions at the Y-12 National Security Complex in Oak Ridge, Tennessee. His work included directing nuclear material applications, overseeing high-enriched uranium (HEU) supply and return efforts, and managing multimillion-dollar budgets supporting domestic and international nuclear nonproliferation. He also led criticality safety teams, supporting safe nuclear operations through rigorous documentation, evaluations, and compliance with regulatory bodies including NPO, NNSA, and the DNFSB. Mr. Jollay holds an MBA and a B.S. in Engineering Physics from the University of Tennessee, Knoxville, where he also completed coursework toward an M.S. in Nuclear Engineering.

    He is a certified Six Sigma Black Belt, has completed advanced training in SCALE and MCNP, and maintains active membership in the American Nuclear Society and the Institute of Nuclear Materials Management.

    “I’m pleased to welcome Lloyd to LIS Technologies,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “Bringing in seasoned leaders is essential as we scale, and Lloyd’s depth of experience in the nuclear sector will strengthen our management team at a critical juncture. His track record and commitment to the industry will be instrumental as we work to position LIST at the forefront of America’s nuclear fuel supply chain revitalization.”

    “Lloyd’s addition comes at a pivotal moment as we move toward the next phase of our technology’s development,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “With decades of experience in nuclear operations and non-proliferation, and his many connections with nuclear entities in the Oak Ridge area and nationwide, he brings along fresh perspective to help guide our work responsibly. Lloyd has consistently championed innovative solutions throughout his career, and I am pleased to have him on the team.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:

    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Bitget Lists RCADE Network (RCADE) for Spot Trading with 124,440,000 in Token Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has announced the listing of RCADE Network (RCADE), for spot trading. Besides being available for spot trading, Bitget will also launch an exclusive Launchpool rewards campaign and a CandyBomb campaign. RCADE facilitates a decentralized gaming economy driven by the community, contributors, and gamers.

    Spot trading for RCADE will go live on 9 July 2025, 13:00 (UTC) under the RCADE/USDT pair, with withdrawals available on 10 July 2025, 14:00 (UTC). Eligible users can lock BGB to grab a share of 103,200,000 RCADE. Users have to lock a minimum of 5 BGB with up to a maximum locking limit of 50,000 BGB, depending on VIP tiers. The Launchpool campaign starts on 9 July 2025, 13:00 and will run till 13 July 2025, 13:00 (UTC). There will also be a CandyBomb campaign for traders with 16,000,000 RCADE up for grabs. The CandyBomb campaign starts on 9 July 2025, 13:00 and ends on 16 July 2025, 13:00 (UTC).

    Bitget is kicking off an X Giveaway, where 750 qualified users will have the chance to win a share of 2,360,000 RCADE. The campaign runs from July 9, 2025, 13:00 to July 12, 2025, 13:00 (UTC). To participate, users must follow Bitget and RCADE on X, quote the giveaway post with the hashtag #RCADExBitgetLaunchpool, tag a friend, sign up, deposit or trade RCADE on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run during the same period, offering another 2,880,000 RCADE to be shared among 1,000 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any RCADE/USDT spot trade.

    RCADE Network is a decentralized gaming ecosystem designed to place players at the center of both gameplay and value creation. At its core is a single interoperable token, RCADE, which powers a circular economy across all games in the Revolving Games universe. Through a distributed network of user-operated nodes, RCADE enables players to earn, exchange, and transfer value seamlessly between titles, breaking down the silos of traditional gaming platforms.

    By integrating players directly into its economic and operational structure, the network encourages participation beyond gameplay. Gamers are not just users, they then become stakeholders who contribute to and benefit from the ecosystem’s overall growth. This player-powered model supports a more inclusive and resilient environment, with nodes ensuring a secure and decentralized infrastructure for the entire network.

    Bitget continues to solidify its role as a top-tier cryptocurrency exchange, offering over 800 listed tokens across spot and derivatives markets. The addition of RCADE to Launchpool aligns with Bitget’s ongoing effort to support innovative projects whose value continues to evolve the ecosystem.

    Find more details on RCADE, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9367fe9b-f4a3-49f9-9bae-f2c9cc2042c9

    The MIL Network –

  • MIL-OSI: Caesars Entertainment and Bread Financial Introduce New Caesars Rewards® Prestige Visa, a Premium-Level Credit Card Allowing Caesars Rewards Members to Earn Tier Status Faster and Unlock Luxury Rewards with Every Purchase

    Source: GlobeNewswire (MIL-OSI)

    • New premium-level credit card includes annual complimentary resort night, dining credits, gaming offers and more
    • Accelerated rewards create even more show-stopping, value-rich experiences for cardmembers

    LAS VEGAS, July 16, 2025 (GLOBE NEWSWIRE) — Caesars Entertainment (NASDAQ: CZR), the largest casino entertainment company in the U.S., is playing a bold new hand by launching a second, elevated, Caesars Rewards® Visa Signature credit card with Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions. For a $149 annual fee*, the Caesars Rewards Prestige Visa Signature credit card includes up to $450 in annual value and gives members all the benefits of high-end experiences as well as waived fees for foreign transactions*.

    Cardmembers will receive Prestige Perks worth up to $450 and redeemable annually across Caesars’ 50+ U.S. destinations, including:

    • A complimentary hotel night upon anniversary (up to $300)*
    • $50 Slot Play*
    • $100 Caesars dining credit*
    • Accelerated earn rates for Caesars Rewards destinations at seven Reward Credits® per $1 spent*

    “Caesars Entertainment has always been about giving our members unmatched access to the best experiences in the industry,” said Josh Jones, chief marketing officer at Caesars Entertainment. “Through our world-class Caesars Rewards program and our relationship with Bread Financial, we’re expanding the ways our members can earn and enjoy perks—from one-of-a-kind experiences, exceptional dining options, accelerated status opportunities and more – this new card option brings even more excitement, value and VIP treatment to every guest staying and playing with Caesars Entertainment.”

    “The Caesars Rewards Prestige Visa credit card gives cardmembers more ways to earn rewards immediately on everyday purchases and unlock exclusive perks on travel, entertainment, dining and gaming —making every tap a step closer to their next unforgettable Caesars experience,” said Val Greer, EVP and chief commercial officer at Bread Financial. “This new credit card offers Caesars’ most dedicated members additional opportunities to make each purchase even more rewarding.”

    Additionally, the credit card provides more ways to earn Tier Credits through welcome offers and annual bonuses, enabling members to achieve their Caesars Rewards loyalty program tiers faster. New cardholders can earn up to 25,000 additional Tier Credits in their first year*.

    Welcome Offer

    • Platinum Status upgrade*
    • 2,500 Tier Credits after first purchase outside of Caesars Rewards destinations*
    • 20,000 Reward Credits and 2,500 Tier Credits after $1,000 spend outside of Caesars Rewards destinations*

    Annual Bonuses

    • 2,500 Tier Credits with $5,000 annual spend + another 2,500 Tier Credits with $10,000 annual spend*
    • 15,000 Tier Credits with $50,000 annual spend*

    The new credit card adds to the existing Caesars Rewards Visa suite, including the Caesars Rewards Visa Signature Credit Card. Whether members are gaming, dining, or on the go, Caesars and Bread Financial have cardmembers covered with two distinct credit card programs to choose from and limitless ways to earn. The Caesars Rewards Visa card has also been elevated with a sophisticated new black design, bringing a sleek, modern edge to a card that delivers everyday perks with timeless luxury. For more information, please visit caesarsrewards.com/visa.

    * Visit caesarsrewards.com/visa to review important terms, conditions, and limitations on cardholder benefits.

    About Caesars Entertainment, Inc.
    Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the U.S. and one of the world’s most diversified casino entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards® loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its Team Members, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit www.caesars.com/corporate. If you think you or someone you care about may have a gambling problem, call 1-877-770-STOP (1-877-770-7867).

    About Bread Financial®
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Contact
    Rachel Stultz, Bread Financial – rachel.stultz@breadfinancial.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae0d0984-0df4-477b-9734-4de9041fd1f7

    The MIL Network –

  • MIL-OSI: Caesars Entertainment and Bread Financial Introduce New Caesars Rewards® Prestige Visa, a Premium-Level Credit Card Allowing Caesars Rewards Members to Earn Tier Status Faster and Unlock Luxury Rewards with Every Purchase

    Source: GlobeNewswire (MIL-OSI)

    • New premium-level credit card includes annual complimentary resort night, dining credits, gaming offers and more
    • Accelerated rewards create even more show-stopping, value-rich experiences for cardmembers

    LAS VEGAS, July 16, 2025 (GLOBE NEWSWIRE) — Caesars Entertainment (NASDAQ: CZR), the largest casino entertainment company in the U.S., is playing a bold new hand by launching a second, elevated, Caesars Rewards® Visa Signature credit card with Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions. For a $149 annual fee*, the Caesars Rewards Prestige Visa Signature credit card includes up to $450 in annual value and gives members all the benefits of high-end experiences as well as waived fees for foreign transactions*.

    Cardmembers will receive Prestige Perks worth up to $450 and redeemable annually across Caesars’ 50+ U.S. destinations, including:

    • A complimentary hotel night upon anniversary (up to $300)*
    • $50 Slot Play*
    • $100 Caesars dining credit*
    • Accelerated earn rates for Caesars Rewards destinations at seven Reward Credits® per $1 spent*

    “Caesars Entertainment has always been about giving our members unmatched access to the best experiences in the industry,” said Josh Jones, chief marketing officer at Caesars Entertainment. “Through our world-class Caesars Rewards program and our relationship with Bread Financial, we’re expanding the ways our members can earn and enjoy perks—from one-of-a-kind experiences, exceptional dining options, accelerated status opportunities and more – this new card option brings even more excitement, value and VIP treatment to every guest staying and playing with Caesars Entertainment.”

    “The Caesars Rewards Prestige Visa credit card gives cardmembers more ways to earn rewards immediately on everyday purchases and unlock exclusive perks on travel, entertainment, dining and gaming —making every tap a step closer to their next unforgettable Caesars experience,” said Val Greer, EVP and chief commercial officer at Bread Financial. “This new credit card offers Caesars’ most dedicated members additional opportunities to make each purchase even more rewarding.”

    Additionally, the credit card provides more ways to earn Tier Credits through welcome offers and annual bonuses, enabling members to achieve their Caesars Rewards loyalty program tiers faster. New cardholders can earn up to 25,000 additional Tier Credits in their first year*.

    Welcome Offer

    • Platinum Status upgrade*
    • 2,500 Tier Credits after first purchase outside of Caesars Rewards destinations*
    • 20,000 Reward Credits and 2,500 Tier Credits after $1,000 spend outside of Caesars Rewards destinations*

    Annual Bonuses

    • 2,500 Tier Credits with $5,000 annual spend + another 2,500 Tier Credits with $10,000 annual spend*
    • 15,000 Tier Credits with $50,000 annual spend*

    The new credit card adds to the existing Caesars Rewards Visa suite, including the Caesars Rewards Visa Signature Credit Card. Whether members are gaming, dining, or on the go, Caesars and Bread Financial have cardmembers covered with two distinct credit card programs to choose from and limitless ways to earn. The Caesars Rewards Visa card has also been elevated with a sophisticated new black design, bringing a sleek, modern edge to a card that delivers everyday perks with timeless luxury. For more information, please visit caesarsrewards.com/visa.

    * Visit caesarsrewards.com/visa to review important terms, conditions, and limitations on cardholder benefits.

    About Caesars Entertainment, Inc.
    Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the U.S. and one of the world’s most diversified casino entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards® loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its Team Members, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit www.caesars.com/corporate. If you think you or someone you care about may have a gambling problem, call 1-877-770-STOP (1-877-770-7867).

    About Bread Financial®
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Contact
    Rachel Stultz, Bread Financial – rachel.stultz@breadfinancial.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae0d0984-0df4-477b-9734-4de9041fd1f7

    The MIL Network –

  • MIL-OSI: Subtext and SoundCloud Team Up to Bring Artists and Fans Closer Together Through SMS

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Subtext, an award-winning texting platform that connects media companies, brands, artists, and creators to their audiences, today announces a new partnership with SoundCloud, the artist-first platform empowering artists and fans to connect and share through music. United by a shared commitment to supporting artists and creators, Subtext and SoundCloud are giving SoundCloud’s global community a powerful way to build deeper fan relationships and generate new revenue opportunities through personalized texting campaigns. Together, this initiative marks a significant step forward in SoundCloud’s ongoing mission to build and grow artists’ careers at every stage, giving them the tools, services and creative freedom needed to build lasting fan relationships and generate new opportunities for growth.

    As the music industry becomes increasingly saturated and dominated by opaque social media algorithms, artists are seeking new ways to connect directly with their fans. SMS has emerged as a powerful, sustainable, and highly engaging channel for artists to foster authentic relationships with their audiences. Through this partnership, artists can now connect with fans via SMS communication that is authentic, direct, secure, and fully owned. Supported by a suite of tools, services, and resources designed to strengthen artist and fan connections, artists can now better reach and nurture their audiences, and generate new revenue opportunities.

    “SoundCloud is where community thrives – fans and artists connect directly, influence culture in real time, and shape what’s next in music,” said Devi Mahadevia, Chief Growth Officer at SoundCloud. “Partnering with Subtext adds a powerful new layer to that connection, giving artists the ability to scale personal, one-to-one relationships through direct SMS messaging – all while protecting their privacy. It’s another way we’re helping creators build lasting fan relationships and grow their careers on their own terms.”

    “By combining Subtext’s powerful SMS platform with SoundCloud’s cultural influence and vibrant artist community, this partnership is redefining how artists connect with their audiences,” said Mike Donoghue, CEO and Cofounder of Subtext. “Subtext gives artists a direct line to fans – fostering authentic conversations, richer relationships, and new opportunities for monetization.”

    This partnership highlights Subtext’s expanding presence in the music industry. Today, Subtext collaborates with top music organizations like Sony Music, BMG, and mTheory and renowned artists such as Barbara Streisand, dJo, Jelly Roll, and Idina Menzel.

    Subtext is now part of the suite of benefits for SoundCloud Artist Pro users, marking another step in delivering meaningful tools and resources that support artists at every stage of their journey. Artists can now launch their own Subtext line and text fans directly—sending one-to-many texts, plus 1:1 replies if they choose. While SoundCloud already enables direct messaging between artists and fans, this partnership adds a powerful new layer by allowing artists to scale those personal connections via SMS.

    About Subtext
    Subtext is an award-winning conversation platform that connects publishers, creators, and brands with their audiences through text messaging. By making direct connections with their audience, Subtext customers can communicate one-on-one or at scale. Subtext customers include Sony Music, The Washington Post, Penguin Random House, USA Today Network, and IRONMAN. For more information, visit joinsubtext.com or request a demo.

    About SoundCloud
    SoundCloud empowers artists and fans to connect and share through music. Founded in 2007, SoundCloud is an artist-first platform empowering artists to build and grow their careers by providing them with the most progressive tools, services, and resources. With over 400+ million tracks from 40+ million artists, the future of music is SoundCloud.

    Media Contact
    Laura Stephenson
    alphagroup@karbocom.com

    The MIL Network –

  • MIL-OSI: GDS Announces Completion of its C-REIT Initial Public Offering on the Shanghai Stock Exchange

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, July 16, 2025 (GLOBE NEWSWIRE) — GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that the initial public offering (“IPO”) on the Shanghai Stock Exchange of its previously announced China REIT (“C-REIT”) has been successfully completed. The retail offering was closed ahead of schedule in light of the high level of subscriptions. The IPO attracted strong interest from both institutional and retail investors, with the institutional order book 166 times covered at the final offering price as previously announced and the retail offering 456 times over-subscribed. The C-REIT is expected to be listed and start trading on the Shanghai Stock Exchange in early August under the fund code 508060.

    About GDS Holdings Limited

    GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets.

    For investor and media inquiries, please contact:

    GDS Holdings Limited
    Laura Chen
    Phone: +86 (21) 2029-2203
    Email: ir@gds-services.com

    Piacente Financial Communications
    Ross Warner
    Phone: +86 (10) 6508-0677
    Email: GDS@tpg-ir.com

    Brandi Piacente
    Phone: +1 (212) 481-2050
    Email: GDS@tpg-ir.com

    GDS Holdings Limited

    The MIL Network –

  • MIL-OSI: Lucinity and Zenoo partner to deliver full-lifecycle compliance—from onboarding to investigation

    Source: GlobeNewswire (MIL-OSI)

    REYKJAVIK, Iceland, July 16, 2025 (GLOBE NEWSWIRE) — Lucinity and Zenoo have formed a strategic partnership to provide financial institutions with a unified approach to compliance that connects onboarding, perpetual KYC, investigations, and reporting. By combining Zenoo’s no-code orchestration engine with Lucinity’s AI-powered case management platform, the partnership enables compliance teams to unify compliance processes, reduce manual work, and improve data quality across the entire customer lifecycle.

    The partnership bridges a long-standing gap in compliance operations: the disconnect between onboarding and KYC systems and the tools used for risk investigation. This integration enables institutions to carry high-quality data—such as identity verification, address validation, and fraud indicators—from the first customer interaction through to ongoing detection and case review. By unifying these stages, the collaboration supports stronger data integrity, more effective monitoring, and reduced false positives.

    Zenoo allows compliance teams to build and deploy onboarding and KYC workflows without engineering support. Their platform includes a visual journey builder for designing logic and flows, a real-time UI editor for branded customer experiences, and a marketplace of pre-integrated providers for identity verification, sanctions screening, and fraud checks. These workflows are dynamic, localized, and adapt to regulatory requirements and customer profiles. Zenoo also supports ongoing KYC by triggering re-verifications, updates, and risk reviews based on lifecycle events or behavioural changes, enabling a shift from static to perpetual KYC.

    Lucinity provides the infrastructure to act on those signals. Its platform includes a centralized Case Manager that consolidates alerts from AML, sanctions, fraud, and onboarding. Customer 360 gives investigators full context across internal and third-party sources, while the Luci AI Agent supports analysts with on-demand background checks, data lookups, and follow-up actions. Luci can also call Zenoo workflows directly—for example, to request a document from a customer or trigger a batch of identity verifications—without requiring integration work. Exceptions flagged during onboarding, such as failed checks or friction points, are automatically routed into Lucinity as structured cases. This gives compliance teams one place to manage investigations across the entire lifecycle.

    What distinguishes the partnership is its modular, API-first approach, allowing institutions to customize their compliance architecture without being locked into a single vendor stack. By connecting two interoperable platforms, the collaboration supports a flexible model for managing compliance workflows. This integration helps organizations move away from manual processes toward a more dynamic and intelligent ecosystem.

    Guðmundur Kristjánsson, Founder and CEO of Lucinity, said: “Zenoo strengthens our platform by delivering better onboarding data from the start. It improves Customer 360, sharpens case triage, and gives Luci more context to support faster, more accurate investigations.”

    Stuart Watkins, founder and CEO of Zenoo, added: “With Lucinity, we’re extending the value of onboarding far beyond the initial customer interaction. Now, the data we capture can drive real-time decisions, trigger investigations, and improve the quality of compliance across the board.”

    Contact
    Celina Pablo
    celina@lucinity.com
    +354 792 4321

    The MIL Network –

  • MIL-OSI: Gilat Awarded More Than $7 Million to Provide the U.S. Army With Services in Support of Mission-Critical Communications

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, July 16, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that Gilat DataPath (DataPath Inc.) a wholly owned subsidiary of Gilat Defense, has been awarded a contract to provide field and technical services in support of the U.S. Army through a prime contractor. The award includes a base program of more than $7 million with options to extend the program up to five years, reaching an estimated revenue of up to $70 million.

    Under the awarded program, Gilat DataPath will deliver global field and support services to the U.S. Army Program Executive Office for Command, Control and Communications Networks (PEO C3N). The program award results from a competitive process under the Global Tactical Advanced Communication Systems II (GTACS II) vehicle.

    “In the domain of delivering innovative satellite communications services to modernize defense capabilities, Gilat DataPath is a world leader,” said Nicole Robinson, President of Gilat DataPath. “This large multi-year award further underscores the dynamic capabilities and critical nature of what Gilat DataPath can deliver to such a unique and trusted end user.”

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to Israel’s preemptive strike against Iran’s nuclear project and the continued hostilities between Israel and Iran, and the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks

    Hagay Katz, Chief Product and Marketing Officer

    hagayk@gilat.com

    Alliance Advisors:

    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network –

  • MIL-OSI United Kingdom: Town Hall restoration work set to get underway

    Source: City of Oxford

    Oxford City Council is pleased to announce a significant step forward in the restoration of one of the city’s most iconic landmarks.

    The historic Town Hall is set to undergo essential cleaning and stone repair works to preserve and enhance its impressive façade. 

    Following detailed planning and behind-the-scenes progress, the Council has now appointed PAYE Stonework & Restoration Ltd as the principal contractor to carry out the work. Recognised for their expertise in heritage restoration and holding a Royal Warrant, PAYE brings a wealth of experience from high-profile conservation projects across the UK. Work on site is due to begin later this year. 

    The restoration, guided by heritage specialists Jessop and Cook Architects, will focus on cleaning the stonework—an essential first step that will enable thorough assessment and repair of structural and surface condition issues. The project is scheduled for completion by spring 2026. 

    Comment

    “Oxford Town Hall is a landmark building, a valued community space and a source of great pride. This restoration project will help ensure that its historical and architectural legacy is safeguarded for future generations and will maintain it at the heart of our community.”
    Councillor Ed Turner, Deputy Leader and Cabinet Member for Finance and Asset Management

    The historic Town Hall is set to undergo essential cleaning and stone repair works to preserve and enhance its impressive façade. 

    Following detailed planning and behind-the-scenes progress, the Council has now appointed PAYE Stonework & Restoration Ltd as the principal contractor to carry out the work. Recognised for their expertise in heritage restoration and holding a Royal Warrant, PAYE brings a wealth of experience from high-profile conservation projects across the UK. Work on site is due to begin later this year. 

    The restoration, guided by heritage specialists Jessop and Cook Architects, will focus on cleaning the stonework—an essential first step that will enable thorough assessment and repair of structural and surface condition issues. The project is scheduled for completion by spring 2026. 

    The Town Hall serves a wide range of functions: it is home to Oxford City Council’s municipal offices, houses the Museum of Oxford, and hosts concerts, weddings, and civic events throughout the year, bringing a substantial income stream to support frontline services. Its neo-Jacobean architecture and storied past, dating back to its opening by the then Prince of Wales, make it a cherished fixture in the city’s urban fabric. 

    This restoration will not only improve the building’s appearance but will also extend its lifespan, ensuring it remains a cornerstone of Oxford’s heritage and civic life and that income from hiring out its rooms can continue to support frontline services. 

    For more information about the project and the history of Oxford Town Hall, visit: www.oxfordtownhall.co.uk 

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Student design bureaus: a breeding ground for engineering personnel

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Polytechnic University held an intensive educational course “Student Design Bureaus as a Tool for Preparing Highly Motivated and Conscious Engineers” for employees of industrial partner companies. Participants discussed how design bureaus help students master real engineering tasks.

    The goal of the intensive course is to introduce representatives of enterprises to the capabilities of SKB, demonstrate examples of successful projects and discuss prospects for joint work on developing the country’s engineering potential. Organizers are representatives of SKB “System Engineering”. The project became the winner in April 2025 competition of the Ministry of Science and Higher Education of the Russian Federation in the direction of “Student Design Leadership”Several design bureaus and engineering teams of the Polytechnic University are participating in its implementation.

    “To achieve technological leadership by 2030, we must involve young people in solving real engineering problems today, at the training stage. Student design bureaus allow not only to develop skills, but also to form the right professional motivation and awareness in students,” noted Oleg Rozhdestvensky, head of the SPbPU Office of Technological Leadership, on the basis of which the project is being implemented.

    Head of SKB “System Engineering”, Director of the Higher School of Power Engineering Alena Aleshina emphasized that SPbPU SKB is built as a multi-level ecosystem: school KBs – youth KBs – student KBs – employer. This allows us to identify talented children at early stages, support their training and involve them in project activities.

    The participants of the intensive course discussed the development trajectories of student design bureaus at universities, their goals and objectives, as well as the role of an industrial partner in this system. Special attention was paid to how to establish cooperation between an enterprise and SKB SPbPU, how student projects help solve specific problems under the guidance of curators representing companies, and ensure an influx of qualified personnel. The experts also shared examples of successfully implemented projects.

    The presentation session presented the areas of work of SKB “System Engineering”, starting with school design bureaus and ending with the best practices of interaction between industry and the university.

    The project to create a network of school design bureaus is a joint initiative of the Government of St. Petersburg and the Advanced Engineering School “Digital Engineering” of SPbPU (PISH CI). Director of the Center for Continuing Professional Education of PISH CI Sergey Salkutsan said that SHKB is a network of engineering creativity clubs based in schools. Students in grades 8–11, under the guidance of instructors, master engineering skills, work with modern software and solve real problems of industrial companies. The goal is early career guidance for schoolchildren, development of practical competencies and training of future qualified personnel for the industry.

    In the X-Lab Engineering Creativity Laboratory, students learn to combine knowledge from different disciplines when solving practical problems. Senior research fellow at PISh CI Mikhail Zhmailo spoke about the project workshop, which is part of the educational program and combines design, engineering, digital manufacturing, project management, and teamwork.

    Head of the engineering team Polytech Voltage Machine, engineer of the Higher School of Transport IMMiT SPbPU Vsevolod Gaiduk introduced the intensive participants to the team that develops robotic platforms for high cross-country ability and ground electric transport. Polytechnicians create solutions for people with disabilities and for firefighting.

    Arseniy Klyuev, Senior Lecturer at the Higher School of Power Engineering, spoke in more detail about the SKB Power Machines — Polytech. This is a unique educational cluster focused on training personnel for the Power Machines company. The end-to-end training trajectory begins with the school’s engineering classes and continues through youth and student design bureaus, bachelor’s and master’s programs. Senior students are involved in real engineering projects implemented in the interests of the company under the guidance of curators — specialists with experience in implementing R&D from the university and employees of the enterprise. The success of the project is ensured by coordination between the university and the company, effective infrastructure, a motivation system and corporate culture.

    Director of the Higher School of High-Voltage Power Engineering Viktor Belko showed the structure of the Electrical Machines department within the SKB Power Machines — Polytech. For example, the Electrical Insulation Laboratory trains personnel in the context of growing demand for domestic technologies. The main goal is to involve students in research activities from their first years to accumulate practical experience in the field of electrical insulation and electrical machines, which cannot be fully ensured within the framework of traditional educational standards. The center, based on successful experience in fulfilling contracts in the field of electrical engineering and an established research base, interacts with industrial partners and forms flexible teams of students under the supervision of specialists from the university and companies.

    Of particular interest was the practical case of interaction between the Power Machines company and students, starting from the second year, in terms of participation in the educational program. Leading project manager Alexandra Grigorieva presented the areas of work and the results of interaction with SPbPU within the framework of the Power Machines Trajectory, which formed the basis for the advanced training of junior students for further participation in the Power Machines – Polytech SKB. Students gain the opportunity to receive a scholarship, master a working profession and find employment.

    The seminar participants visited the laboratories and workspaces of the SKB “System Engineering” teams and saw the students’ developments. Including a racing car and a solar car of the Polytech North Capital Motorsport engineering racing team, the results of the work of X-Lab and SKB “Unmanned Aviation Systems”, as well as a fire robot of the Polytech Voltage Machine team.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –