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Day: October 22, 2024

SPZI: JP3E and China Petroleum Technology and Development Corporation, China’s Largest International Trading Company, Announce Partnership

Jointly Initiating First Coal Shipment Utilizing Bloxcross’ Proprietary Trade Finance Platform NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — JP 3E Holdings, Inc. (OTC: SPZI), through its wholly-owned subsidiary JP Energy Global PTE, LTD, announces a major strategic partnership with China Petroleum Technology and Development Corporation (CPTDC), China’s largest international trading company. This partnership marks a significant milestone with the first coal shipment initiated under the collaboration, utilizing Bloxcross’ proprietary Trade Finance platform. The shipment consists of 50,000 metric tons of coal sourced from Indonesia. This transaction is a key step in the larger agreement between JP3E and CPTDC, aimed at driving growth in the energy sector. The partnership will also open doors to future transactions involving...

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Ekati Diamond Mine achieves historic milestone of 100 million carats produced

Ekati’s 100 millionth production parcelEkati’s 100 millionth production parcelCALGARY, Alberta, Oct. 22, 2024 (GLOBE NEWSWIRE) — Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) is proud to announce that the Ekati Diamond Mine has reached a historic milestone of 100 million carats produced. As Ekati currently celebrates 26 years of production, this impressive achievement is a reminder of the quality of this long-life asset and everyone’s efforts, hard work, and dedication over the past two and a half decades. Ekati has an impressive history as Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality, ethically sourced diamonds. Running a 24/7 365 days a year operation in a remote sub-Artic location, takes ingenuity, grit, and resilience,...

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Rackspace Technology Strengthens Commitment to Global OpenStack Community with Board of Directors’ Seat on OpenInfra Foundation

OpenStack resurgence fueled by demand for cost control, flexible open infrastructure, and hybrid cloud SAN ANTONIO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI solutions company, today announced its enhanced commitment to the global OpenInfra Foundation by joining the OpenInfra Foundation Board of Directors and becoming an OpenStack community Platinum Member. This highest level of membership includes representation on the Board of Directors, the ability to influence the strategic direction of the OpenInfra Foundation community and the industry, access to open group forums and work groups, and the ability to fast-track standards. Rackspace Technology partnered with NASA in 2010 to launch OpenStack, an open-source cloud software collaborative project, to power public...

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Go Fund Yourself Show Debuts Private Viewing at “Million Dollar Weekend” Event, Keynote Presented by Show Titan Jayson Waller

Revolutionary Crowdfunding Platform Connects Entrepreneurs and Investors in Real-Time JUPITER, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) — The prestigious Million Dollar Weekend event, a gathering of top entrepreneurs, influencers, and thought leaders, hosted an exclusive preview of Go Fund Yourself! a groundbreaking crowdfunding platform that is revolutionizing how businesses raise capital. Keynote speaker and investor Jayson Waller introduced the platform, showcasing its unique ability to connect entrepreneurs with investors through real-time interaction. As a keynote, investor, and co-host of Go Fund Yourself! Waller delivered an inspiring presentation about entrepreneurship, building business –– and how “Go Fund Yourself! is leveling the playing field for entrepreneurs who are looking for funding. “Unlike other pitch and business...

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WithSecure Corporation, Inside information: Cyber security consulting goodwill impairment of EUR 15.5 million

WithSecure Corporation, Inside information, 22 October 2024, 17:30 EEST WithSecure Corporation, Inside information: Cyber security consulting goodwill impairment of EUR 15.5 million As part of the preparation of its third quarter interim report, WithSecure has tested the values of its intangible assets and goodwill. As a result of this testing, an impairment of EUR 15.5 million of the goodwill related to Cyber security consulting business will be recognized as part of the third quarter interim report result. The impairment will not have an impact on WithSecure cashflow or Adjusted EBITDA. Consulting goodwill is resulting from the acquisition of nSense (Denmark) in 2015, Inverse Path (Italy) in 2017, Digital Assurance (UK) in 2017, and MWR Infosecurity (UK) in 2018. In 2024, WithSecure lowered the revenue outlook of its consulting business,...

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Setting the Stage for Growth: Bank of Glen Burnie Names New Director of Commercial Banking and Vice President of Cash Management

New commercial team members will bolster The Bank of Glen Burnie’s commitment to being “the bank for business” in Anne Arundel County and the surrounding market GLEN BURNIE, Md., Oct. 22, 2024 (GLOBE NEWSWIRE) — The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp (NASDAQ: GLBZ), expanded its business banking team. Jonathan Shearin was named director of commercial banking and Ed Abedi was named vice president of cash management, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie. Hanna commented, “We are thrilled to welcome Jonathan and Ed to the team. Growing our ability to serve the businesses of Anne Arundel County is goal number one for the Bank. As an independent, community-driven bank, we’re uniquely positioned to support small businesses—the backbone of job...

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Elevai Biosciences, a Subsidiary of Elevai Labs Inc., Engages Leading Contract Research Organization (CRO) to Support Regulatory Planning Efforts and Pre-IND Meeting with the Food and Drug Administration For EL-22 For The Treatment of Obesity

NEWPORT BEACH, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) —EL-22 is a novel myostatin asset for the potential treatment of obesity in combination with existing GLP-1 medicines The Investigational New Drug application is planned for submission to the U.S. Food and Drug Administration (“FDA”) in 2025 Muscle wasting is a common side effect of popular GLP-1 weight-loss medications, with no current approved treatments. EL-22 may offer an importation solution by preserving muscle mass while reducing fat massElevai Biosciences Inc. (“Elevai Biosciences”), a subsidiary of Elevai Labs Inc. (NASDAQ: ELAB) (the “Company” or “Elevai”), today announced that it has engaged KCRN Research, Inc., a global contract research organization (CRO), to support the Company’s initial efforts to prepare for an Investigational New Drug (“IND”) application...

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Foresight Reports Third Quarter 2024 Results

WINNEBAGO, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) — Foresight Financial Group, Inc., a Winnebago, IL based multi-bank holding company with fourteen offices in Stephenson, Winnebago, Boone and Kankakee counties, reported that for the third quarter of 2024, net income increased by 33.3% to $3,396,000 from $2,547,000 reported in the third quarter of 2023. The increase in net income compared to the third quarter of 2023 reflects a $1,386,000 decrease in the provision for loan losses and a $312,000 increase in net interest income. These favorable changes were partially offset by a $419,000 decrease in non-interest income and a $325,000 increase in operating expenses. The decrease in non-interest income includes a $328,000 reduction in net secondary market mortgage revenue, primarily due to reduction in the fair value of servicing rights....

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Greene County Bancorp, Inc. Reports Net Income of $6.3 million for the Three Months Ended September 30, 2024 and Reaches New Milestone of $2.9 Billion in Assets

CATSKILL, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (the “Company”) (NASDAQ: GCBC), the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the three months ended September 30, 2024, which is the first quarter of the Company’s fiscal year ending June 30, 2025. Net income for the three months ended September 30, 2024 was $6.3 million, or $0.37 per basic and diluted share, as compared to $6.5 million, or $0.38 per basic and diluted share, for the three months ended September 30, 2023. Net income decreased $208,000, or 3.2%, when comparing the three months ended September 30, 2024 and 2023. Highlights:Net Income: $6.3 million for the three months ended September 30, 2024 Total Assets: $2.9 billion at September 30, 2024, a new record...

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Risk Strategies Acquires George W. Blaisdell Insurance

Specialty firm adds expertise to National Employee Benefits Practice in steadily growing New England region BOSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) —  Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced the acquisition of George W. Blaisdell Insurance, a well-established agency focused on employee benefits based in Hampton Falls, NH. The acquisition further enhances the presence and capabilities of the Risk Strategies Employee Benefits Practice in its New England region. Terms of the deal were not announced. Founded in 1988 by its principal, George W. Blaisdell, the agency has been a successful, specialized provider of employee benefits insurance and related services to clients across the New England region. The agency primarily specializes in designing and delivering group...

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