All Industries

Air|Water Driven by Mobil 1 Celebrates Another Successful Porsche Event

Luftgekuhlt

With the third annual Air|Water Driven by Mobil 1 event in the books, the organizers would like to thank the attendees, car-owning entrants, marketing partners and exhibitors who combined to create yet another unparalleled success. And despite some rain showers, nothing could dampen the spirits of the fans who came together on April 26 in Costa Mesa, CA to share their passion for all things Porsche. As the presenting sponsor, Mobil 1 placed historic and significant cars throughout the 150-acre site, focusing on racing success from rally to endurance favorites. The striking Troy Lee Design-liveried 2024 992 GT3 Cup and 2011 997 GT3 RSR were fan favorites among the storied Mobil 1-sponsored cars. Guest of honor was the 1985 McLaren MP4/2B powered by the legendary 1.5-liter V6 turbo Porsche-TAG engine. The hero car displayed in the amphitheater powered Alain Prost to his first of four world championships, beating teammate Niki Lauda and claiming five wins in 1985. The scene at Air|Water was carefully set to transport guests back to the ’80s turbo era, flanking the F1 star with turbocharged Porsche 930 and 959 street cars. The McLaren was also surrounded by a stunning display of Paint to Sample (PTS) cars. This Porsche program allows customers to order their vehicle in unique, custom paint colors beyond the standard color palette. A team led by Will Lee (@PTSRS) sourced the most popular PTS colors applied to both air- and water-cooled vehicles, creating a stunning display of vintage and modern PTS Porsches. Another popular destination at Air|Water Driven by Mobil 1 was the Joshua Vides art installation. Working with Creative Director Jeff Zwart, the pair highlighted a Porsche 911 that Joshua recently showcased in Los Angeles. It was paired with a modern specialty 911 ST model, highlighting the themes of both Air and Water. Joshua’s unique black & white style created another dramatic highlight for attendees to enjoy. Visitors who wished to experience the very latest Porsche 911 models could participate in the Porsche Thrill Ride, which debuted at Air|Water. All event ticket holders were able to enjoy a free ride on a specially constructed course that allowed Porsche’s professional drivers to vividly demonstrate the agility and handling prowess of the latest cars. With six vehicles running throughout the show hours, visitors didn’t have to wait long to experience the exhilarating ride. If the Thrill Rides convinced visitors they needed a Porsche of their own, it was a short walk to the Broad Arrow live auction, which saw 55 cars cross the block. In total, the hammer dropped on approximately $15.3 million in sales of some of Porsche’s finest automobiles. The prime lot was a 1989 RUF CTR Yellowbird, chassis #023 uniquely specified with a lightweight interior. Following some strong bids, the CTR Yellowbird sold for $4,680,000. Also receiving plenty of attention was a 2015 Porsche 918 Spyder Weissach Martini Racing, which sold for $2,590,000. A 1966 Porsche 906 went for $1,528,500, with a 1990 Porsche 911 Coupe Reimagined by Singer sold for $1,006,000. Visitors could also browse a number of products and services in the Exhibitor Hall, which was filled with performance specialists, accessories, art, apparel, and more. It proved a popular destination for existing and future Porsche owners. As did the two Air|Water event merchandise areas, selling the latest apparel and collectibles as well as some classic items from previous events. The latest items are also available at air-water.com. After three successful years, we’re delighted to announce Air|Water Driven by Mobil 1 will be back in 2026 and the team is already planning some big surprises for visitors. LUFTGEKÜHLT 11 ANNOUNCED Dedicated exclusively to air-cooled Porsche models, the host city for Luftgekühlt 11 has finally been announced: We’re heading to Durham, NC on October 4. This will be the first time Luft has held the event on the East Coast, giving air-cooled Porsche fans a unique opportunity to experience what makes the Luft event series so special. More details about the venue will be revealed in due course, as well as the date for ticket sales. We should caution that Luft 11 will almost certainly sell-out, so mark your calendars, follow @luftgekuhlt or sign up for the newsletter at luftgekuhlt.com to ensure you hear the news first! AIR|WATER POLAND ANNOUNCED And in another “first,” the team is taking Air|Water Driven by Mobil 1 to Europe. It’s heading to Warsaw, Poland on June 13-14. A specially selected venue will host the key ingredients of air- and water-cooled Porsches, old and new, road and race: the same ingredients that have made the California events so special. For more details and ticket purchases, visit air-water.com/pages/poland EDITOR’S NOTE Images from Air|Water 2025 are available HERE Photo credit: Air|Water and Race Service A video from Air|Water 2025 is available to view and share HERE Images for Air|Water Poland are available HERE ABOUT AIR|WATER From the creators of Luftgekühlt comes the largest single-brand automotive experience to hit Southern California. Embarking on a fresh format that traces Porsche's journey from its inaugural moments to the contemporary masterpieces and most cutting-edge examples of today. For more information, visit air-water.com ABOUT LUFTGEKÜHLT In the Porsche vernacular, Luftgekühlt represents all the air-cooled cars in the manufacturer’s history, from the Pre-A 356 through the 993 model line, which ended in 1998. A true Porsche happening, Luftgekühlt is an experiential car culture event centered around a tightly curated list of historically significant or interesting cars, both street and race. There is no set formula for our events, but we're excited by cool venues, fun people, and creative expression, so you can bet those elements will always be included. The team strives to develop wild ideas that celebrate the passion we have for all things air-cooled, including exciting collaborations with likeminded people and brands. For more information, visit luftgekuhlt.com Contact Details Media Contact media@luftgekuhlt.com Company Website https://air-water.com/

May 06, 2025 07:03 AM Pacific Daylight Time

Image

PowerPollen Receives Foundational Patent for Groundbreaking Pollen Storage Methodology

PowerPollen

PowerPollen, an agtech company improving crop pollination for increased agricultural productivity and profitability, has received U.S. Patent 12,245,587 for its groundbreaking process of using solid particulates blended with fresh pollen grains to protect pollen’s viability during storage. As the industry leader in commercial scale pollen collection, application and storage, PowerPollen’s IP strategy has been a key part of protecting their innovation while rapidly scaling to support global seed companies and farmers since the company was founded in 2015. PowerPollen collects, preserves and applies pollen to corn, wheat, rice, and other important crops, eliminating the previously required dependency on natural pollen shedding to pollinate female plants. This process enables the ability to more reliably and cost-effectively produce high-quality seed farmers plant for crops. Corn, rice, wheat and barley rank as the top four grain crops grown globally. This patent is part of a one-of-a-kind portfolio of intellectual property PowerPollen has secured in their pursuit to increase the productivity, profitability and sustainability of modern agricultural practices. “Our initial key discoveries more than a decade ago – and our ongoing innovation since – has enabled PowerPollen to scale our unique pollination tech stack of collection, storage and application to commercial levels in agriculture—helping farmers and seed production partners increase yields without increasing other inputs,” said Jason Cope, Chief Intellectual Property Officer, PowerPollen. “Our discoveries changed the previously held notion that row crop pollen was not capable of being stored for any duration. The ripple effect can clearly be seen by the consistent yield improvements in fields that PowerPollen has treated with stored pollen.” Achieving Production and Sustainability in Modern Agricultural Practices In 2015, PowerPollen began looking for ways to improve in-field crop pollination by collecting pollen and storing it for targeted application. In their discovery process, the greatest problem they encountered was that pollen tends to form large clumps when stored, which results in a rapid decline in pollen health. “We theorized that when a pollen grain dies, its walls lose integrity and the contents of the dead cell leak out, contacting other pollen grains in the batch being stored,” Cope said. “This causes adjacent pollen grains to die, resulting in the large clumps of dead pollen cells.” PowerPollen created a unique, cost-effective production process that blends fresh pollen with different materials that separate the live pollen grains from each other. This now patented process prevents the live pollen grains from contacting any material leaked from dead pollen grains, thus dramatically extending and prolonging the pollen’s viability. Today, PowerPollen holds the most patents for pollination-based technology, crop application and related innovations, based on over a decade of intellectual data and discovery and more than eight years of commercial field data and ongoing innovation. Because of its novel technology and the founders’ understanding of marketplace realities, IP strategy has been a critical part of the business to usher in the best technology advancements for customers. Patent Reinforces PowerPollen's Leadership in Pollination Technology for Agriculture “Seed crop producers today use incredibly innovative breeding techniques yet risk it all with pollination methods that haven’t changed for generations,” Cope said. “With this patent claim, we continue to execute our IP strategy focused on the foundational building blocks of pollination-enabling technologies – and advancing this innovation across crops and geographies at the pace, scale and reliability critical to advancing higher-yield and climate-resilient food production.” Seed industry partners already look to PowerPollen’s ability to practice on-demand pollination even within fields that are planted in the normal male to female row ratio. Pollination efficiency is the key rate limiting factor for yield and kernel quality. Further, producers can improve their seed purity by intentionally applying quantities of desirable pollen, which out competes undesirable pollen. By ensuring yield, quality and purity are all maximized, PowerPollen can generate significantly more value per acre. PowerPollen’s technology will be used on thousands of acres again this season across the U.S., with expansion planned globally. Customers interested in a demo or learning more can contact PowerPollen.com. PowerPollen offers a breakthrough, scalable technology to collect, preserve and apply pollen on-demand to help improve the productivity, profitability and sustainability of modern farming practices. Following multiple seasons of year-round field trials, PowerPollen’s patented pollination technology increases yield and improves the quality of commercial hybrid corn seed production. The company has applied its technology across thousands of commercial acres over the past several years. PowerPollen is headquartered in Iowa with additional research operations in Puerto Rico and Texas. Learn more about how PowerPollen’s on-demand pollination technology works at www.powerpollen.com. Contact Details AgTech PR Jennifer Goldston jennifer@agtechpr.com Company Website https://powerpollen.com

May 06, 2025 08:30 AM Central Daylight Time

Image

FINTECH.TV Acquires Breakout Audio to Expand Global Reach in Audio-Driven Financial and Social Media

Fintech.TV

FINTECH.TV, the global media platform focused on digital and impact investing content, announced today the acquisition of Breakout Audio, a rapidly growing audio-based social network with users in over 24 countries. This strategic move reinforces FINTECH.TV ’s commitment to expanding its multi-platform distribution and deepening its connection to digitally native audiences around the world. Breakout Audio is a real-time social audio and messaging platform that empowers users to access information, share insights, and engage in live, meaningful conversations. Known for its interactive format, Breakout has become a go-to platform for both everyday users and high-profile figures — from entrepreneurs and influencers to celebrities — who value immediacy and authenticity in their communication. "With the acquisition of Breakout Audio, we're not just expanding our footprint — we’re entering the future of how communities engage with financial, social, and cultural content," said Vince Molinari, Founder and CEO of FINTECH.TV. "Breakout's real-time audio capabilities and global reach align perfectly with our mission to democratize financial and impact-driven information worldwide." Breakout Audio’s international user base and real-time engagement model provide a compelling complement to FINTECH.TV ’s established presence in digital broadcasting, streaming, and impact-focused media content. The integration will bring FINTECH.TV ’s premium programming — including financial news, market insights, and interviews with world leaders — directly into interactive audio environments, increasing accessibility and interactivity for audiences globally. "Breakout was built on the belief that real-time voice and authentic connection can change the way people interact and share ideas. Joining forces with FINTECH.TV allows us to take that mission global and integrate powerful storytelling into live conversations that matter," states CEO and Co-Founder Cody Harvey. This acquisition follows FINTECH.TV ’s recent purchase of Bull Street Media, continuing a strategy of building a dynamic, multi-format media network centered on innovation, finance, and global impact. About FINTECH.TV FINTECH.TV is a first-of-its-kind global media platform bringing the latest news and perspectives in finance, blockchain, AI and sustainability investing. FINTECH.TV broadcasts from its marquee studio on the floor of the New York Stock Exchange and coverage from Abu Dhabi and London. About Breakout Audio Breakout Audio is a global audio and messaging platform that enables users to connect, collaborate, and engage in real-time conversation. From thought leaders and celebrities to casual users, Breakout is redefining how people connect around the world through the power of voice. Contact Details Fintech.TV Troy McGuire +1 407-883-9989 troy@fintech.tv Company Website https://fintech.tv/

May 06, 2025 08:21 AM Eastern Daylight Time

Image

Pineapple Financial Inc. (NYSE American: PAPL): Focused Execution in a Changing Mortgage Landscape

PAPL

The Canadian mortgage market is at a turning point. With interest rates stabilizing and millions of homeowners facing upcoming mortgage renewals, demand for smarter, faster, and more affordable lending solutions is accelerating. Lenders and brokers alike are under pressure to deliver—quickly and efficiently—at a time when traditional processes often fall short. That’s where technology comes in. Financial technology, or fintech, is transforming the mortgage experience—streamlining approvals, improving transparency, and helping consumers make more informed decisions. And with the global fintech sector projected to grow from $245 billion today to $1.5 trillion by 2030 (Boston Consulting Group and QED Investors), the opportunity is massive. One company positioned right at the intersection of this mortgage wave and fintech innovation? Pineapple Financial Inc. (NYSE American: PAPL). This Canadian mortgage tech company is building a scalable, cloud-based platform for brokers, combining personalized service with digital tools to serve a rapidly evolving market. What Does Pineapple Financial Do? Pineapple is a Canadian mortgage brokerage network with a difference. Instead of simply connecting borrowers and lenders, Pineapple gives its network of brokers powerful cloud-based and AI-driven tools that help them do their jobs better—and faster. With hundreds of brokers in its system, Pineapple focuses on both the success of its agents and the satisfaction of Canadian homeowners. In a market where more and more homeowners are renewing their mortgages or seeking new options, Pineapple is well-positioned to meet the demand. The company is also active in communities across Canada, supporting charities and giving back along the way. A Company on the Rise Pineapple has released a series of encouraging financial results over the past two quarters, showing strong growth, improved cost control, and a clear path toward profitability. In its most recent earnings release for the six months ended February 28, 2025, Pineapple reported: Revenue growth of 11.8% year-over-year, totaling $1.51 million. Gross billings up 15.2%, reaching $9.33 million. Net loss narrowed to $1.25 million from $1.53 million, thanks to cost-cutting and better efficiency. Operating cash usage cut nearly in half, dropping 47% year-over-year. SG&A expenses down 3.6%, a sign of smart spending discipline. Quarter-over-quarter, Pineapple continued this trend. For the three months ended February 28, 2025: Gross billings rose 19.6% year-over-year. Salaries and benefits dropped 27.7%, and marketing expenses were slashed by 62.1%. The company's net loss improved by 9.4%, down to $595,449. These numbers tell a consistent story: Pineapple is growing revenue while cutting costs—a rare combination that often signals a company nearing a financial turning point. CEO Shubha Dasgupta summed it up well: “Our second-quarter results highlight the successful transition to an integrated platform, driving meaningful cost savings and enhancing our ability to scale. Despite the headwinds in the Canadian real estate market, our focus on operational efficiency, cost control, and platform innovation has resulted in significant progress.” Strong Start to Fiscal 2025 Even before the latest report, Pineapple showed strong momentum in Q1 of fiscal 2025. The company posted: 34.6% revenue growth, hitting $766,074 for the quarter. A 26.8% reduction in net loss, down to $656,894. Steady operating expenses despite investing in marketing and new technology. An improved cash position of $619,581, showing stronger liquidity. The company also raised additional capital and invested in intangible assets like software infrastructure—moves that are expected to boost future performance. Positioned for Growth The mortgage market in Canada is currently undergoing a shift. With many Canadians renewing mortgages and interest rates showing signs of easing, there’s growing demand for smarter, tech-driven solutions. Pineapple is right in the middle of that trend. The company’s integrated platform, improved financial performance, and focus on operational excellence have set the stage for potential profitability as early as this year. According to CFO Sarfraz Habib: “We are well-positioned to achieve profitability in the near term, even amid a challenging macroeconomic environment.” Pineapple also continues to benefit from a large base of upcoming mortgage renewals—providing a built-in growth engine over the next 24 months. Final Thoughts With a scalable business model, improving financials, and a large addressable market, Pineapple Financial (PAPL) is a fintech that deserves a closer look. As the broader fintech sector heads toward a $1.5 trillion future, companies like Pineapple—focused, tech-enabled, and on a clear growth path—may be early movers in what could be the next wave of winners in financial technology. For investors interested in the intersection of fintech, real estate, and growth-stage companies, Pineapple could be a smart one to watch. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Pineapple Financial to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

May 06, 2025 07:00 AM Eastern Daylight Time

$50M Bounty Goes Live on Web3Bounty.io to Trace Misappropriated Funds Linked to FDT and Aria

Web3Bounty

A new bounty program has been launched on the online platform Web3Bounty.io, which aims at finding leads and information about the approximately $456 million of the TrueUSD (TUSD) stablecoin reserves being misappropriated. There is a $50 million bounty pool available for those who provide credible original information leading to the identification and recovery of the assets. This effort is focused on securing justice and protecting the victims of this unprecedented breach, including thousands of public TUSD token holders. The case involves Hong Kong licensed trust companies and a network of intermediaries believed to have exploited regulatory loopholes to facilitate the misappropriation of over half a billion USD in client assets held under escrow by licensed trust companies. In response, a bounty program has been launched on Web3Bounty.io to bring transparency and accountability to this unprecedented breach, with support from stakeholders across the Web3 ecosystem. Through Web3Bounty.io, whistleblowers, insiders, and investigators can submit actionable information. Original verified leads that contribute meaningfully and directly to the recovery effort may be eligible for bounties from the $50 million reward pool — equivalent to around 10% of the lost assets. The platform will provide real-time major updates on recovery progress, with all submissions being subject to independent verification before rewards are issued in the bounty program operator’s sole discretion. Justin Sun, Founder of TRON, also came onto X to congratulate the launch of Web3Bounty.io, mentioning the importance of tracking Web3 scams and improving transparency. The case has drawn widespread attention in the blockchain industry due to the scale of the losses and the number of affected parties. Web3Bounty.io seeks to empower the broader community to assist in uncovering misconduct and reinforce the integrity of digital asset custodianship. For more information or to submit a lead, please visit www.web3bounty.io. Disclaimer: Participation in the bounty program is entirely voluntary and at the participant’s own risk. All participants must comply with applicable laws, as well as specific terms and conditions and policies of the bounty program. Nothing in this press release or on the online platform constitutes legal advice, nor should it be interpreted as creating any partnership, joint venture or employment relationship between the bounty program operator or participants. About Web3bounty.io Web3Bounty.io is an online platform where crypto-related bounty programs are launched, designed to incentivize truth-telling and accelerate recovery of stolen funds through decentralized justice. Follow us on X @web3bountyio Media Contact: Sam Zhang info@web3bounty.io Contact Details Sam Zhang info@web3bounty.io

May 06, 2025 03:18 AM Eastern Daylight Time

Image

Nuvectis Pharma's NXP900: Could This Revolutionary Cancer "Inactivator" Transform Oncology Treatment?

Global Markets News

Investors seeking the next breakthrough in precision oncology may want to take note of Nuvectis Pharma (NASDAQ: NVCT)*, a clinical-stage biopharmaceutical company developing, among other candidates, NXP900 - which a a new analysis is describing not merely as a cancer inhibitor, but a complete cancer pathway "inactivator." The new analysis, published on notable investment newsletter “ Truffle Pigs ”, provided a comprehensive review of Nuvectis Pharma’s NXP900. Beyond Traditional Inhibition According to the Truffle Pigs blog, NXP900 represents something entirely new in cancer treatment. Unlike traditional kinase inhibitors that merely slow cancer signaling, NXP900 is characterized as the "first SRC kinase inactivator" - a distinction that could prove crucial in the fight against resistant cancers. The analysis highlights that NXP900 functions as a "type 1.5 inhibitor" that locks the SRC kinase in its inactive state, effectively shutting down all cancer signaling pathways and keeping them disabled between doses. This complete inactivation mechanism potentially offers a significant leap beyond current therapies. Promising Clinical Data Recent data presented at the 2025 American Association for Cancer Research (AACR) meeting appears to support this thesis. According to the analysis, NXP900 demonstrated: Perhaps most intriguing were results showing that when combined with AstraZeneca's blockbuster drug osimertinib (Tagrisso), NXP900 demonstrated significant tumor regression and extended tumor control even after treatment ended - suggesting potential for durable responses or even complete responses in certain patients. Dual Market Opportunity The analysis notes two major market opportunities for NXP900: Single-agent therapy for SRC/YES1-driven tumors, potentially addressing approximately 20,000 lung cancer patients annually Combination therapy for overcoming acquired resistance to targeted drugs like osimertinib (EGFR) or lorlatinib (ALK), potentially addressing up to 70,000 non-small cell lung cancer patients annually While established companies like AstraZeneca generate nearly $7 billion annually from Tagrisso targeting approximately 20,000 new EGFR-mutated patients each year, Truffle Pigs' analysis suggests NXP900's broader applicability could potentially drive peak sales of $12-15 billion across various cancer indications. Investor Perspective With only 23 million shares outstanding and a current market cap of 219 million, Nuvectis represents a high-risk, high-reward opportunity typical of early-stage biotech. The company recently raised capital through a public offering of common stock, extending its cash runway into 2027 on what many would consider impressive terms given the market backdrop. Phase 1b trials targeting biomarker-selected cancers are expected to commence shortly, with potential clinical response data anticipated later this year.Notably, the original blog highlighted that that while the author held a position in Nuvectis Pharma (NASDAQ: NVCT), he was not compensated to write or publish the content. In other words, one might say that the author has “skin in the game”. As with all development-stage biotechnology companies, significant risks remain. analysis appropriately notes that as with all companies in the field - regulatory approval hurdles, high clinical failure rates, capital intensity, potential market competition, uncertain revenue streams, and broader economic factors all present considerable risks that investors should take into account when conducting their due dilligence. The full Truffle Pigs Blog post is available here: https://trufflepigs.substack.com/p/nuvectis-pharmas-nxp900-the-first Recent News From Nuvectis Pharma Nuvectis Pharma Provides Poster Presentation Highlights for NXP900 from the 2025 AACR Meeting Nuvectis Pharma Announces Upcoming Presentations for NXP900 at the 2025 American Association for Cancer Research Meeting Nuvectis Pharma Announces a New Publication of a Research Study Demonstrating that the Combination of NXP900 and EGFR Inhibitors Improves the Efficacy of the EGFR Inhibitors in Preclinical Models of EGFR Mutated NSCLC Legal Disclaimer & Disclosure: Nothing in this report constitutes financial or investment advice, nor does it represent an offer to buy or sell securities. This alert is published by Wall Street Wire™, a promotional content network and platform serving issuers around the globa. The operators of Wall Street Wire are not registered brokers, dealers, or investment advisers. This distribution is paid promotional content related to Nuvectis Pharma and was produced as part of their paid subscription to Wall Street Wire. This report has not been reviewed or approved by Nuvectis Pharma prior to publication. Please review the full disclaimers and compensation disclosures here: redditwire.com/terms. Readers are advised to refer to the full original blog post mentioned in the report and the disclosures it may be subject to. Contact Details WALL STREET WIRE Editorial Desk media.globalmarkets@gmail.com

May 05, 2025 01:59 PM Eastern Daylight Time

More than 500 Groups Urge Congress to Support the New Markets Tax Credit

New Markets Tax Credit Coalition

Today, over 500 businesses, community development organizations, investors, lenders, nonprofits, trade associations and other organizations sent a letter urging Congress to support and pass the bipartisan New Markets Tax Credit (NMTC) Extension Act of 2025 (S. 479 / H.R. 1103). This legislation would make the NMTC a permanent fixture in the tax code, ensuring continued investment in economically distressed communities across the United States. The NMTC has a track record of more than 20 years of financing small businesses, health clinics, manufacturing expansions, workforce training programs, broadband expansions, schools, business incubators, disaster relief efforts, and other revitalization projects that strengthen communities and generate long-term economic growth. Across the country, more than $140 billion in private capital has been invested in businesses with the help of the NMTC, creating over 1.2 million jobs. Over 25 percent of NMTC projects are in rural areas, and most investments are in severely distressed areas that far exceed the statutory requirements for economic distress. More than 2,500 success stories in every state and congressional district can be found on the Coalition’s website. “The New Markets Tax Credit has proven to be an invaluable resource in rural, urban, and suburban communities around the country,” said Bob Rapoza, spokesman for the New Markets Tax Credit Coalition. “This important financing is needed to create jobs, provide vital services like day care and health care, support small manufacturing businesses, and so many more of the services our communities need. We hope that Congress will continue its bipartisan support for the Credit and make it permanent this year.” The NMTC, which is set to expire at the end of 2025, provides taxpayers investing in Community Development Entities (CDEs) with a 39 percent credit against federal income taxes over seven years. A CDE is a community development organization, such as a CDFI or private financial institution, with a track record of lending and investing in economically distressed rural and urban communities. In addition to the permanent extension, the legislation would provide $5 billion in annual allocation authority, an inflation adjustment in the out-years, and an exception to the Alternative Minimum Tax for NMTC investments. About the New Markets Tax Credit Coalition The New Markets Tax Credit (NMTC) Coalition is a national membership organization founded in 1998 to advocate on behalf of the NMTC program. The Coalition, which includes some 170 members, is managed by Rapoza Associates, a public interest lobbying, policy analysis and government relations firm located in Washington, DC that specializes in providing comprehensive legislative and support services to community development organizations, associations and public agencies. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than 1.2 million jobs. Today, due to the NMTC, over $140 billion is hard at work in underserved communities in all 50 states, the District of Columbia, Guam, the Virgin Islands, the Northern Mariana Islands, and Puerto Rico. For more information, read: The New Markets Tax Credit: At Work in Communities Across America and visit www.NMTCCoalition.org. Contact Details Greg Wilson +1 571-239-7474 gregwilsonpr@gmail.com Company Website https://nmtccoalition.org/

May 05, 2025 10:21 AM Eastern Daylight Time

AdvicePay Acquires AdvisorBOB, a Leading Advisor Compensation Platform

AdvicePay

AdvicePay, the industry-leading platform for managing billing, payments, and compliance of fee-for-service financial planning, today announced the acquisition of AdvisorBOB, the leading independent advisor compensation software company. This marks AdvicePay’s first acquisition and a strategic step forward to support the full revenue lifecycle for advisory firms, from billing clients to paying advisors. The transaction reflects AdvicePay’s continued focus on strategic, customer-driven growth. It was completed without the need for outside capital, a reflection of the company’s strong financial foundation and disciplined approach to expansion. AdvisorBOB adds complementary functionality to AdvicePay’s offering, enabling firms to automate advisor compensation and eliminate manual spreadsheet-based processes. “AdvicePay was created to solve the pain points around billing and compliance for fee-for-service financial planning. Expanding into compensation is a natural extension of that mission,” said Alan Moore, AdvicePay Co-Founder and Chief Executive Officer. “We consistently hear from firms that comp is a major operational headache. This isn’t about replacing software – it’s about replacing spreadsheets. It becomes a critical need the moment you have variable comp. You need a system that gets it right, down to the penny.” AdvisorBOB automates complex advisor compensation calculations and payout tracking, offering transparency, line-item detail, and time-saving efficiencies for back-office teams. Firms using both platforms will be positioned to ensure clients are billed properly and advisors are paid accurately, without the manual burden. “Our origin story is very similar to that of AdvicePay, as we are both advisor-founded technology companies built because there weren’t products that fit our needs,” said James Spinelli, Founder of AdvisorBOB and Chief Executive Officer of Great Valley Advisor Group. “AdvisorBOB joining AdvicePay allows us to help even more firms simplify operations and scale with confidence.” AdvisorBOB’s team, including Chief Executive Officer Colton Pence, will join AdvicePay and continue to operate from its offices in Berwyn, PA. “With this acquisition, AdvicePay is validating the contributions AdvisorBOB has made to advisor practices,” Pence said. “Together, we’re well-positioned to help firms grow with the operational infrastructure they need.” This move aligns with AdvicePay’s long-term vision: to support the full advisor revenue flow—from invoice to payout—with modern tools and actionable data. While both platforms will continue to operate independently for now, the future potential of their combined capabilities opens the door to deeper insights and better back-office experiences for firms. “We’re not shifting to an M&A strategy,” added Moore. “This was an opportunity that aligned perfectly with our roadmap and values. AdvisorBOB and AdvicePay are powerful on their own—but together, they make the back office smarter, faster, and more scalable.” AdvicePay was advised by Cooley LLP as legal counsel, with financial advisory support provided by Turkey Hill Management, LLC. AdvisorBOB’s legal counsel was provided by Stradley Ronon. About AdvicePay AdvicePay is the industry-leading platform for overseeing the compliance, delivery, and payment processing of fee-for-service financial planning. Financial services firms and their advisors benefit from efficient workflows designed exclusively to support their fee-for-service financial planning revenue, including up-to-date compliance and data security management, all in one unified platform. About AdvisorBOB AdvisorBOB is an all-encompassing financial advisor compensation software for RIA back- office staff and advisors. It provides customizable and individualized compensation calculations as well as advanced reporting capabilities. Back-office administrators can say goodbye to time-consuming and inaccurate spreadsheets. Advisors can say hello to more visibility into their compensation across revenue streams. AdvisorBOB is the modern, streamlined approach by financial advisors for financial advisors. Contact Details For AdvicePay Shannon Beck +1 406-412-2047 media@advicepay.com Company Website https://advicepay.com/

May 05, 2025 10:00 AM Eastern Daylight Time

HNO International Secures Power Purchase Agreement for 24/7 Off-Grid Solar-Hydrogen Systems at $0.04/kWh

HNO International

HNO International, Inc. (OTC: HNOI), a leader in clean hydrogen energy solutions, proudly announces the execution of a long-term power purchase agreement (PPA) at a competitive rate of $0.04 per kilowatt-hour (kWh) for a breakthrough solar-powered system capable of delivering 4-6 megawatts (MW) of continuous, off-grid electricity — 24 hours a day, 7 days a week — in any location with solar exposure. The proprietary system integrates advanced solar harvesting and robust energy storage into a fully autonomous platform— enabling dependable, off-grid clean energy where traditional infrastructure cannot reach or where deployment could take years. This solution forms the energy backbone for scalable hydrogen production and unlocks a new pathway toward energy independence for remote, industrial, and edge environments. Crucially, this new solar-hydrogen infrastructure is purpose-built to support HNOI’s core technologies, including the Scalable Hydrogen Energy Platform (SHEP™️) and Compact Hydrogen Refueling Station (CHRS™️). By ensuring a reliable, low-cost, and grid-independent power source, this system accelerates the deployment of green hydrogen across hundreds — even thousands — of potential sites globally. “This agreement represents a major validation of our technology and our vision,” said Don Owens, Chairman and CEO of HNO International. “Hydrogen Production cannot happen without power. Delivering industrial-scale off-grid power at just four cents per kilowatt is transformative. It enables clean hydrogen production anywhere, at scale, and allows platforms like SHEP™️ to thrive even in the most remote or underserved regions.” Inspired by advanced decentralized energy platforms, the system is designed for replication, delivering megawatt-scale hydrogen and power where it’s needed most. This initiative marks a foundational step in building out a resilient, modular hydrogen economy that is cost-effective, zero-emission, and globally scalable. HNO International (OTC: HNOI) specializes in the design, integration, and development of green hydrogen-based energy technologies. With over 15 years of experience, HNOI is at the forefront of the renewable energy transition, pioneering solutions such as the Scalable Hydrogen Energy Platform (SHEPâ¢), the Compact Hydrogen Refueling System(CHRSâ¢) and the Mobile Hydrogen Refueling System (MHRS) to make hydrogen accessible for businesses and communities worldwide. This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov. Contact Details Donald Owens dowens@hnointl.com

May 05, 2025 09:42 AM Eastern Daylight Time

1 ... 4 5 6 7 8 ... 3873