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Month: January 2025

Jeffs’ Brands Provides Update Regarding Potential Acquisition of its U.S. Subsidiary, for an Approximate Valuation of USD $11.8 million to a Canadian Public Company

The previous letter of intent with a U.S. public company was terminated pursuant to its own terms and Jeffs’ Brands has entered into a new non-binding letter of intent to for the acquisition of its wholly-owned U.S. Subsidiary, Smart Repair Pro, and its approximately 49.1% ownership interest in SciSparc Nutraceuticals Inc., by a Canadian public company in exchange for an up to 90% equity (on a fully diluted basis) interest in such company Tel Aviv, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) — Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced an update regarding the potential acquisition of its wholly- owned subsidiary, Smart Repair Pro, which operates Jeffs’ Brands’ stores on the U.S. Amazon Marketplace. The Company’s previous...

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Nearly Three-Quarters of CFOs Project Double-Digit Growth in 2025: FTI Consulting’s Global CFO Report

WASHINGTON, Jan. 21, 2025 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the release of its 2025 Global CFO Report, which reveals almost three-quarters (72%) of Chief Financial Officers expect revenue growth of 10% or more over the next 12 months. The survey, which collected the views of 655 senior finance executives across North America; Europe, the Middle East and Africa; Asia; and Australia, was conducted by the firm’s Office of the CFO Solutions practice in collaboration with CFO Dive. More than three-quarters (77%) of CFOs surveyed from larger companies, those with revenues greater than $5 billion, remain highly optimistic about revenue growth in the coming year despite economic pressures driven by supply chain improvements and favorable market conditions. However, talent retention and financial forecasting...

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Creative Realities Expands into Live Venue and IPTV Verticals, Welcomes Michael Baez as VP of Business Development

Strategic growth investment drives vertical expansion beyond stadiums and arenas LOUISVILLE, Ky., Jan. 21, 2025 (GLOBE NEWSWIRE) — Creative Realities, Inc. (NASDAQ: CREX), a leading provider of digital signage and media solutions, is proud to announce its expansion into live venue and Internet Protocol Television (IPTV) verticals, building on the extraordinary success of its past 18 months in the space. To further accelerate this momentum, Creative Realities welcomes industry veteran Michael Baez as its Vice President of IPTV Business Development for the newly formalized business unit. The expansion reflects Creative Realities’ commitment to delivering best-in-class integrated solutions for live venues while broadening its reach into new verticals, including convention centers, transit hubs, casinos, hospitality and corporate communications....

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Greystone Logistics Reports 2nd Quarter Earnings

TULSA, Okla., Jan. 21, 2025 (GLOBE NEWSWIRE) — Greystone Logistics (OTCQB: GLGI), the leading manufacturer of recycled plastic pallets and providing sustainable logistics solutions, announces three- and six-month results for the period ending November 30, 2024. Revenue for the quarter was $12,135,247 and for the six-month period $25,595,894 with EBITDA of $1,658,336 and $3,831,028 for the respective periods. Warren Kruger, President of Greystone Logistics, commented “Greystone saw lower top line revenue during the last quarter as a significant customer hit their budget for expenditures for their fourth quarter. Greystone anticipates a strong third and even better fourth quarter as revenues ramp up from existing accounts and new customers. As of the end of the quarter, the company continued a strong working capital position with...

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Three Higher Education Customers with 30,000+ Users Migrate to BIO-key’s PortalGuard IDaaS Cloud Platform for Streamlined Operations and Enhanced Access Management

HOLMDEL, N.J., Jan. 21, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) software for phoneless, tokenless, passwordless, and phishing-resistant authentication, announced today that three additional customers: Northeast Iowa Community College – Peosta, IA;Eastern University – St. Davids, PA; and University of Guam – Mangilao, Guam, with over 30,000 users, have migrated their on-premises deployments of PortalGuard to the PortalGuard IDaaS enterprise security platform. These customers join over 50 organizations with 4+ million users that have embraced BIO-key’s cloud-based solution since its November 2020 launch. Migrating to the PortalGuard IDaaS platform enables BIO-key customers to adopt IT infrastructure best practices, streamline...

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Inuvo Reports Unaudited Preliminary Fourth Quarter 2024 Record Revenue of $26 Million, Achieving 26% Year-Over-Year Growth

LITTLE ROCK, Ark., Jan. 21, 2025 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), provider of the first generative artificial intelligence (AI) advertiser solution made specifically for brands and agencies, today reported preliminary unaudited revenue results for the fourth quarter of 2024. Inuvo is projecting revenue of approximately $26 million for Q4 2024, a 26% year-over-year increase from the $20.8 million reported in Q4 2023. This growth would set a new record as the highest quarterly revenue in the Company’s history. Richard Howe, CEO of Inuvo, stated, “As discussed during our third quarter conference call, we anticipated a double digit increase in fourth quarter revenue as well as a near breakeven adjusted EBITDA for the quarter. While the audit of our results has not yet been completed, we believe the optimism...

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FLNG Gimi Received First Gas From the GTA Field

Golar LNG Limited (“Golar”) is pleased to announce that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake advanced commissioning work. Receipt of gas from the FPSO allows the full commissioning activity to ramp up. The first LNG export cargo is now expected within Q1 2025, and full Commercial Operations Date (“COD”) is expected within Q2 2025, subject to all conditions being met. First gas to the FLNG will result in the final upward adjustment to the Commissioning Rate under the commercial reset agreed in August 2024. COD will trigger the start of the 20-year Lease and Operate...

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Foresight Partners with Autonomous Drone Manufacturer Generating $16 Million Revenue Potential in India by 2029

Ness Ziona, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in three-dimensional (“3D”) perception systems, announced the signing of a commercial cooperation agreement with a leading Indian drone manufacturer, a key supplier to the Indian Ministry of Defense. This collaboration aims to integrate Foresight’s advanced 3D perception solutions into the manufacturer’s autonomous drone platforms, with a total commercial potential reaching up to $2.5 million by 2026. By the end of 2029, the collaboration is anticipated to deliver potential revenue up to $16 million. The agreement, previously announced on January 13, 2025, aims to enable autonomous drone and unmanned aerial vehicle (“UAV”) technology by integrating Foresight’s cutting-edge...

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Disc Medicine Announces Successful Type C Meeting with FDA for Bitopertin in Erythropoietic Protoporphyria (EPP) and Shares Plans for NDA Submission

Pursuing accelerated approval for bitopertin in EPP with protoporphyrin IX (PPIX) reduction as the surrogate endpointPlanning to submit NDA under accelerated approval pathway in H2 2025 based on existing clinical data, including results from BEACON and AURORA Phase 2 trialsAchieved regulatory alignment on APOLLO post-marketing confirmatory trial design and on track to initiate trial by mid-year 2025Aligned on average monthly time in light without pain during the last month of the 6-month treatment period and percent change from baseline in whole-blood metal-free PPIX after 6 months of treatment as coprimary endpoints for confirmatory trialManagement will host a conference call on Tuesday, January 21 at 8:00 am EST.WATERTOWN, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) — Disc Medicine, Inc. (NASDAQ:IRON), a clinical-stage biopharmaceutical...

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Southern States Bancshares, Inc. Announces Fourth Quarter 2024 Financial Results

Fourth Quarter 2024 Performance and Operational HighlightsNet income of $11.2 million, or $1.11 per diluted share Core net income(1) of $10.5 million, or $1.04 per diluted share(1) Pretax pre-provision core net income(1) of $14.0 million Net interest income of $25.1 million, an increase of $804,000 from the prior quarter Net interest margin (“NIM”) of 3.66%, up 1 basis point from the prior quarter Return on average assets (“ROAA”) of 1.55%; return on average stockholders’ equity (“ROAE”) of 16.13%; and return on average tangible common equity (“ROATCE”)(1) of 18.87% Core ROAA(1) of 1.45%; and core ROATCE(1) of 17.67% Efficiency ratio of 46.67%; and core efficiency ratio of 47.78% Linked-quarter loans grew 4.9% annualized Linked-quarter total deposits, excluding brokered deposits, grew 6.2% annualized Linked-quarter brokered deposits...

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