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BK8 News and Gresini Racing Announce Landmark MotoGP Partnership for 2025-2026

BK8 News and Gresini Racing Announce Landmark MotoGP Partnership for 2025-2026

St. Julian's, Malta--(Newsfile Corp. - April 17, 2025) - BK8 News, a leading sports news and entertainment platform, is proud to announce its title sponsorship of the Gresini Racing MotoGP Team for the 2025 and 2026 seasons. Effective immediately, the team will be rebranded as the BK8 Gresini Racing MotoGP Team, marking a significant milestone for both organizations.
This partnership underscores BK8 News' strategic expansion into motorsport, leveraging MotoGP's global platform to engage fans and amplify brand visibility. As part of the agreement, BK8 News branding will feature prominently on the Ducati Desmosedici GP24 bikes, the racing suits of riders Álex Márquez and Fermín Aldeguer, team uniforms, garage panels, and transport vehicles. The collaboration will debut at the Thai Grand Prix, kicking off an exciting new chapter for the team.
Michael Gatt, Managing Director of BK8 News, expressed his enthusiasm:
'We're excited to team up with Gresini Racing, marking a significant milestone in our strategic growth. This collaboration reflects our commitment to performance, precision, and excellence. By partnering with a team that pushes the boundaries of motorsport, we're establishing our presence in one of the world's most iconic motorsport events. Together, we'll fuel Gresini Racing's success, bringing fans closer to the action with exclusive insights and behind-the-scenes access.'
Carlo Merlini, Commercial and Marketing Director of Gresini Racing, added:
'Adrenaline, speed, and excitement make MotoGP an incredibly powerful marketing platform, offering brands unparalleled global visibility. Gresini Racing stands among the best organizations in the sport, and it's no surprise that a major brand like BK8 News has chosen us as its flagship project. I can't wait to hit the track in our new colors and kick off this partnership in the best way possible.'
The partnership represents a shared vision of excellence and innovation, uniting two iconic brands in the pursuit of motorsport success. Fans worldwide can look forward to an enhanced experience as BK8 News and Gresini Racing collaborate to bring the thrill of MotoGP closer to audiences.
For updates on this partnership, follow BK8 News and Gresini Racing across official channels.
Media Contact:
Ysabel Chua
Email: [email protected]
Phone: +855969772975
Website: BK8
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246446

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Mundoro Reports Q1-2025 Financial Results and Progress on Exploration Programs
Mundoro Reports Q1-2025 Financial Results and Progress on Exploration Programs

Yahoo

time19 minutes ago

  • Yahoo

Mundoro Reports Q1-2025 Financial Results and Progress on Exploration Programs

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) ( ("Mundoro" or the "Company") announces the operating and financial results for the quarter ended March 31, 2025. The Financial Statements and Management's Discussion and Analysis (MD&A) for Q1-2025 are filed on SEDAR+, and are available on Mundoro's website under the heading Investors. All amounts are expressed in Canadian dollars unless otherwise indicated. Q1-2025 Financial Summary Cash Position: As of March 31, 2025, the Company held $5.2 million in cash and cash equivalents and no long-term debt. The working capital for the company is $1.9 million. Fees Earned: The Company's fee income, which includes interest, operator fees, option payments, and miscellaneous income, decreased to an aggregate of $740,392 in Q1-2025 compared to $790,957 in Q1-2024, primarily due to a reduction in management fees received resulting from fewer partner-funded programs. Exploration and Project Evaluation Expenditures: The exploration expenditures, the majority of which are sole-funded by partners, were lower at $1,759,690 in Q1-2025 compared to $2,637,541 in Q1-2024 primarily due to a decrease in the number of partner-funded budgeted exploration work programs. Recoveries from option partners in Q1-2025 were $1,451,815 compared to $2,584,073 in Q1-2024, resulting in net exploration costs of $307,875 in Q1-2025 and $53,468 in Q1-2024. Corporate Expenses: Corporate expenses in Q1-2025 were $296,732 compared to $267,522 in Q1-2024, representing an increase of $29,210 or approximately 9%. The change primarily reflects timing differences related to the accrual of 2025 audit fees. Net Income: For the quarter ended March 31, 2025, the Company recorded a net income of $451 ($0.00 per share), compared to a net income of $436,265 ($0.00 per share) for the quarter ended March 31, 2024. Q1-2025 Exploration Summary and Exploration Plans BHP-Mundoro Projects, Serbia Borsko Passive Seismic and Ground AMT Survey Completed: Fieldwork for a passive seismic survey was completed. The final report and subsequent 3D inversion model were received in Q1-2025. This geophysical technique provides an additional layer of subsurface data for target refinement. Additionally, a ground AMT survey was completed. The 3D inversion model from BHP is expected to be completed in Q2-2025. Green Rock Analysis: Fifty samples were selected for Green Rock analysis. This analysis will provide additional geochemical data for refining targeting. The geochemical results from the study were received in Q2-2025 with additional targeting in mid 2025. Optimizing Drill Locations for Porphyry Source Testing: The exploration team analyzed all available data to determine optimal drill locations, identifying a new target area in the NW part of the license. Exploration Plans: Drill Program Planning Drill Program Planning: Exploration plans for Q2-2025 prioritize preparation for commencing drilling at NW target area, as well as additional targeting and comprehensive planning for future drilling. New Targeting: Additional targeting initiatives are also planned for completion in H2-2025. Trstenik Central Target Area Mapping: Mapping in the central target area was completed, focusing on new road cuts, intrusive outcrops and delineation by the geophysical models anomalies. This mapping enhanced geological understanding by documenting exposed alteration and mineralization, quartz veining systems, and structural controls on potential mineralization at depth, as well as connecting the geophysical anomalies to geological objects. Structural Analysis and Data Interpretation: Structural analysis and comprehensive data interpretation took place in Q1-2025. 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Concurrently, additional geophysical fieldwork advanced, with ground Audio-Magnetotelluric (AMT) infill surveys completed at Lipovica and Orlovac, and a ground gravity survey commenced at Orlovac to help identify potential targets in covered terrains. Mundoro Owned Projects, Serbia Serbia: Mundoro holds approximately 419 sq km of exploration licenses in Serbia, primarily within the prolific Timok Magmatic Complex (TMC), known for significant copper-gold deposits like Bor, Majdanpek, and Cukaru Peki. The area benefits from established infrastructure. In Q1-2025, the Company' primary objective was to advance the targeting work to clearly demonstrate the value of these licenses to third-party mining companies. The Company is progressing discussions with third party mining companies in order to potentially option this package of licenses. JOGMEC-Mundoro Project, Bulgaria The JOGMEC-Mundoro EE1 copper project in Bulgaria is prospective for sediment-hosted stratiform copper. 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In Q1-2025, geochronology work was undertaken, with results received in Q2-2025 confirming a Laramide age (68Ma) for a key igneous unit, consistent with the regional mineralizing events. Generative Programs: Mundoro is actively evaluating new opportunities: Serbia: Evaluating areas in Cretaceous and Tertiary Belts. USA: Targeting copper in Arizona's Laramide Belt and other Western US belts. Global: Evaluated three additional geological belts, focusing on copper. Qualified Persons The scientific and technical information described in this Press Release has been prepared in accordance with National Instrument 43-101. The scientific and technical information for this press release has been reviewed and approved by R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company. About Mundoro Capital Inc. 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Gebrüder Weiss Expands into Thailand
Gebrüder Weiss Expands into Thailand

Yahoo

time20 minutes ago

  • Yahoo

Gebrüder Weiss Expands into Thailand

International Logistics company continues to expand its network in South-East Asia to provide air and sea freight transportation, customs handling and cross-border land transport Bangkok, Thailand and Lauterach, Austria--(Newsfile Corp. - May 30, 2025) - Gebrüder Weiss is set to open a new country organization in Thailand on June 1, 2025. The international transport and logistics company is strengthening its market presence in Southeast Asia and expanding its network in one of the world's most economically dynamic regions. "The new country organization allows us to close a strategic gap and create direct connections to central Asia-Pacific markets for our customers," says Lothar Thoma, Managing Director Air & Sea at Gebrüder Weiss. "Thailand is an important export location with strong trade links to the USA, China, Japan, Australia, and Singapore - markets where we are also represented with locations of our own." In 2024, Thailand posted export volumes worth approximately $ 300 billion, up 5 percent from the previous year. Industrial goods account for the majority of outbound trade at 86 percent, with key categories including electronics, vehicles, machinery, and food. The team of 20 employees in Bangkok provides international air and sea freight transportation, customs handling, and national and cross-border land transport services. "Our employees have many years of experience in international transport management. In the medium term, we are aiming to expand our services in Thailand to include warehouse logistics, with a particular focus on the automotive and high-tech sectors," says Cristian Predan, Director South-East Asia at Gebrüder Weiss. With its entry into the Thai market, Gebrüder Weiss now has an active presence in nine countries across the East and South-East Asia region and Oceania. These include Australia, Greater China, Japan, Malaysia, New Zealand, Singapore, South Korea, and Vietnam. The regional network now spans 35 locations with around 800 employees. Gebrüder Weiss opens a new location in Thailand. Here: the team in Bangkok. (Source: Gebrüder Weiss) To view an enhanced version of this graphic, please visit: Laem Chabang container port is Thailand's most important seaport and a central hub for international trade. (Source: GettyImages) To view an enhanced version of this graphic, please visit: Lothar Thoma, Managing Director Air & Sea at Gebrüder Weiss (Source: Gebrüder Weiss / Ohligschläger) To view an enhanced version of this graphic, please visit: Cristian Predan, Director South-East Asia at Gebrüder Weiss. (Source: Gebrüder Weiss / Serra) To view an enhanced version of this graphic, please visit: From Tokyo to Sydney: The Gebrüder Weiss network in China, South-East Asia, and Oceania includes 35 locations. (Source: Gebrüder Weiss) To view an enhanced version of this graphic, please visit: Gebrüder Weiss locations in Australia and New Zealand (source: Gebrüder Weiss) To view an enhanced version of this graphic, please visit: About Gebrüder WeissGebrüder Weiss, a global freight forwarder with a core business of overland transport, air, and sea freight and logistics, is the world's oldest transport company with a history that dates back more than half a millennium. The family-owned company employs more than 8,600 people worldwide and boasts 180 company-owned locations. The business presence in North America includes headquarters in Chicago and offices in Atlanta, Boston, Dallas, Denver, El Paso, Houston, Laredo, Los Angeles, Miami, New York, Phoenix, Salt Lake City, San Francisco, Montreal, Toronto, and Vancouver. The company has implemented a wide range of environmental, economic, and social initiatives and is recognized as a pioneer in sustainable business practices. The company's emphasis on superior customer service pairs customized solutions with a single point of contact to provide customers with focused, reliable, and efficient strategic solutions. North American Contact:Karolyn Raphael Public Relations for Gebrüder Weisskarolyn@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

AITX Files FY 2025 10-K, Breaks Gross Profit and Revenue Records
AITX Files FY 2025 10-K, Breaks Gross Profit and Revenue Records

Associated Press

time40 minutes ago

  • Associated Press

AITX Files FY 2025 10-K, Breaks Gross Profit and Revenue Records

Company Reports 562% Gross Profit Growth while Posting 300% of Prior Year Revenue Detroit, Michigan--(Newsfile Corp. - May 30, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the 'Company'), a global leader in AI-driven security and productivity solutions for enterprise clients, has filed its Annual Report on Form 10-K with the Securities and Exchange Commission for the fiscal year ended February 28, 2025. The Company reported annual revenue of $6,130,886, reflecting continued multi-year growth and the accelerating adoption of AITX's advanced AI-driven physical security solutions. The year concluded with a stable and fully deployed product set, streamlined operations, and a strengthened balance sheet. This positions AITX closer to operational profitability than ever before. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: Financial Highlights: AITX achieved total annual revenue of $6,130,886 for the fiscal year ended February 28, 2025, representing 275% of FY 2024 revenues. Gross profit for the year ended February 28, 2025, was $3,744,564. This marks an increase of $3,178,747, or 562%, over the prior year's gross profit of $565,817 for the year ended February 29, 2024. During the fiscal year, the Company successfully renegotiated with a lender to extend the maturities on various loans totaling $24.7 million at no cost. As a result of these efforts, the current ratio improved from 0.17 as of February 29, 2024, to 0.66 on February 28, 2025. Current liabilities decreased to $7.6 million at year end, compared to $21.7 million at the close of the prior fiscal year. By year end, the Company's recurring monthly revenue (RMR) run rate is expected to surpass $1 million, with internal forecasts indicating potential RMR growth to as high as $2.0 million by the end of this fiscal year. AITX expects further complete success to achieve operational positive cash flow and further improve its balance sheet. The Company continues to pursue its long-stated objective of uplisting to NASDAQ, with expectations to achieve this milestone sometime between 2027 and 2029. Operational and Strategic Achievements: During the fiscal year 2025, AITX completed the rollout of its fourth generation (Gen 4) platform across all core product lines, delivering advanced performance, streamlined manufacturing, and lower deployment complexity. This technology foundation supported the successful launch of SARA ™ (Speaking Autonomous Responsive Agent), AITX's proprietary agentic AI, now central to the Company's recurring revenue growth plans. With the product portfolio now fully developed and stable, AITX offers a complete suite of market-ready solutions serving enterprise, commercial, and residential security needs. These achievements, combined with disciplined cost management and operational efficiency, contributed to continued gross profit improvement. You are encouraged to view AITX's complete lineup of AI powered solutions here to see how AITX is transforming security and facility management solutions. 'We're happy with the year, but we're in no way satisfied,' said Steve Reinharz, founder, CEO and CTO of AITX. 'Our Gen 4 platform capabilities, SARA's launch, and ROAMEO ™, as well as other soon to be released solutions, make this fiscal year and what follows incredibly exciting. We have big aspirations, and this fiscal year that closed is a critical steppingstone on our journey forward. I am confident that the foundation we have established this year will drive continued success and unlock significant opportunities as we move forward.' AITX remains committed to operational execution and financial discipline as it advances toward its next stage of growth. The Company encourages analysts and other interested parties to review the full 10-K for a comprehensive understanding of its performance and outlook. AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry i through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time. About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit and or follow Steve Reinharz on X @SteveReinharz. CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the 'Company'). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. There is no guarantee that the Company will achieve a NASDAQ listing, achieve operational cash flow positive status, or exceed $1 million per month in recurring monthly revenue. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price. ### Steve Reinharz 949-636-7060 @SteveReinharz ihttps:// To view the source version of this press release, please visit

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