Author: GLOBENEWSWIRE

Parsippany, NJ, Feb. 05, 2025 (GLOBE NEWSWIRE) — Global Technologies, LTD (OTC: GTLL), a multi-operational company driving innovation and sustainable growth across the technology and service sectors, is pleased to announce a 29% increase in shareholder equity over the first six months of its fiscal year. As of December 31, 2024, shareholder equity reached $1,975,827, up from $1,532,471 reported on June 30, 2024. “This 29% increase in shareholder equity is a clear indicator that our strategic initiatives are working and that GTLL is on a strong upward trajectory. It reflects not only our commitment to smart investments and operational excellence but…

NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) — Ethical Web AI (d/b/a Bubblr Inc.) (OTC: BBLR), a leader in ethical technology innovation, proudly announces the appointment of Tom Symonds as Chief Executive Officer. Tom has been at the forefront of innovative technology for 25 years. He is a recognized pioneer in the field of immersive technology for enterprise, having founded Immerse.io and acted as CEO prior to joining Ethical Web. He also comes with a unique blend of corporate experience developed during his years at GE Capital and Sky, where he led the transformation of their internet presence. His passion for developing disruptive uses…

ORLANDO, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) — Sunlight Solutions, a cloud-native provider of core administration technology and innovative Insurtech services, announces Sunlight P&C, a Property and Casualty focused division – a move underscoring the company’s continued dedication to addressing the evolving needs of the insurance industry. This strategic realignment is aimed at delivering specialized solutions that cater to the unique challenges faced by P&C carriers, MGAs, and Brokers. “The needs of P&C insurers are continually evolving. We’ve found that focusing on specific markets allows us to move fast and adapt to what our clients need,” said Didier Lamour, CEO.…

LAKELAND, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) — Metrc, the most trusted and experienced provider of cannabis regulatory technology systems in the U.S., announced it has officially executed a new contract with the State of Illinois to support the regulation of its medical and adult-use cannabis markets, marking the fourth state in which Metrc is replacing the incumbent track-and-trace vendor. “The Illinois cannabis industry is among the most prominent and influential in the nation, and we are thrilled to partner with the Cannabis Regulation Oversight Office to support the market’s safety and security,” said Michael Johnson, CEO of Metrc. “Our…

ATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) — nuVizz, a leading innovator in Last-Mile Transportation Management Solutions (TMS), announces the release of its latest software version and its new artificial intelligence (AI) assistant, Vizzard. nuVizz’s Vizzard is an intelligent assistant designed to transform last-mile operations by leveraging data-driven insights and the latest in artificial intelligence technology. The innovation comes as part of nuVizz’s latest software update, version 10.01, marking a decade of groundbreaking advancements in the last-mile logistics space. nuVizz’s last-mile TMS solution supports retail, healthcare, food distribution, third-party logistics providers (3PL), carriers, and automotive parts distribution. During the past decade,…

DALLAS, Feb. 04, 2025 (GLOBE NEWSWIRE) — MODE Global, one of the world’s leading logistics companies, has announced a strategic partnership with Highway, a leader in Carrier Identity® and fraud prevention solutions. This collaboration aims to strengthen MODE Global’s network integrity, enhance operational efficiency, and elevate security across its extensive carrier network. Streamlined Onboarding and Risk Mitigation MODE Global’s decision to partner with Highway stems from the increasing prevalence of fraud within the logistics industry and the need for innovative tools to combat this challenge. Highway’s advanced fraud prevention capabilities and robust carrier sourcing tools perfectly align with MODE Global’s…

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the intersection of insurance and mobility, announced today that it eliminated $5.5 million in short-term payables in exchange for $1.65 million in cash. In July 2024, Roadzen launched a key initiative to strengthen its balance sheet, primarily by renegotiating and reducing payables associated with the going-public transaction and short-term debt. To date, the Company has improved its balance sheet as follows: Total Short-Term Liabilities Eliminated since Summer of 2024: $12.6 million $5.5 million: Eliminated through a cash payment…

SUNNYVALE, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) — GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2024. Summary Financial Results Table (in thousands, except per share amounts)  Three Months Ended Nine Months Ended Dec. 31, 2024 Sept. 30, 2024 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023Net revenues$5,414  $4,550  $5,318  $14,635  $16,613 Gross margin (%) 54.0%  38.6%  55.9%  46.7%  55.2%Operating expenses$6,978  $7,341  $9,660  $15,400  $25,082 Operating loss$(4,055) $(5,584) $(6,685) $(8,559) $(15,917)Net loss$(4,029) $(5,458) $(6,601) $(8,409) $(15,766)Net loss per share, diluted$(0.16) $(0.21) $(0.26) $(0.33) $(0.63)                     Lee-Lean Shu, Chairman and Chief Executive Officer, stated, “In the third quarter, revenue reached $5.4 million, up 2% year-over-year and 19% sequentially. Our core SRAM sales are strengthening as customer orders rebound due to normalized inventory levels and increasing…

HERNDON, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) — SMX®, a leader in next-generation mission support, digital transformation, and IT solutions, announced today that it has been awarded the General Services Administration (GSA) One Acquisition Solution for Integrated Services+ (OASIS+) Unrestricted Indefinite Delivery, Indefinite Quantity (IDIQ) Contract. This Government-wide, multi-agency contract program is designed to provide innovative and flexible solutions for the most complex professional services requirements. On track to be designed as a Best-in-Class (BIC) contract acquisition vehicle, OASIS+ spans eight domains, with SMX securing contracts in five to include: Enterprise Solutions, Technical & Engineering, Intel Services, Management & Advisory and Logistics.…

The Business Launcher simplifies the entrepreneurial journey by offering a personalized, end-to-end solution that translates users’ skills and experiences into viable business ventures NEW YORK – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, today announced the launch of the Business Launcher, an AI-powered tool that helps users create new business initiatives from concept to execution. The tool guides users through various steps of starting a new business, offering personalized ideas, actionable plans, and essential tools to create a website and launch a business.  Users begin by answering a few questions about their background, or by uploading…