Category: Accesswire

  • Global Sports Brand U.S. Polo Assn. Launches in Brazil With Grupo Pasquini

    Global Sports Brand U.S. Polo Assn. Launches in Brazil With Grupo Pasquini

    WEST PALM BEACH, FL AND SAO PAULO, BRAZIL / ACCESS Newswire / July 2, 2025 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is proud to announce its launch in the Brazilian market in partnership with Grupo Pasquini, a leading player in the country’s fashion industry. This expansion reinforces the global, sport-inspired brand’s presence in Latin America and further supports U.S. Polo Assn.’s strategic growth plan to reach new consumers around the world.

    U.S. Polo Assn.
    U.S. Polo Assn.

    As U.S. Polo Assn. continues to expand its multi-billion-dollar global presence, Brazil marks an exciting new chapter in the brand’s international journey. With its vibrant retail landscape and deep-rooted passion for lifestyle fashion, Brazil offers a natural fit for U.S. Polo Assn.’s authentic connection to the sport of polo. The debut collection in Brazil will showcase timeless, versatile styles across both menswear and womenswear, designed to honor the heritage of the sport while embracing a modern, accessible approach to fashion.

    “Launching U.S. Polo Assn. in Brazil, one of the largest and most influential markets in Latin America, is a significant milestone for our global brand,” said J. Michael Prince, President and CEO of USPA Global, which manages and markets the global, multi-billion-dollar U.S. Polo Assn. brand. “With the strong leadership of Grupo Pasquini and their expertise in the Brazilian fashion landscape, we are confident in building a long-term, successful presence in the region.”

    Grupo Pasquini, headquartered in Santa Catarina and known for its 30-year legacy in Brazilian fashion, will oversee U.S. Polo Assn.’s multi-channel rollout across the country. The group’s proven track record in menswear and multi-brand distribution will be key to developing a strong retail footprint through a combination of wholesale accounts, owned stores, e-commerce, and marketplace platforms.

    “U.S. Polo Assn. is a perfect fit for our strategic growth plan,” said Raritom Pasquini, Founder and President of Grupo Pasquini. “The brand brings authenticity, global appeal, and a powerful story rooted in sport, which will resonate strongly with Brazilian consumers.”

    “We are excited to expand our portfolio with a lifestyle brand that shares our values of quality, accessibility, and innovation,” Pasquini added.

    As part of the launch celebration, an exclusive, invitation-only event will be held on July 2, 2025, at the Rosewood São Paulo. The evening will offer guests a first look at the collection and feature a curated program that blends fashion, art, and music. Highlights include a roundtable conversation on fashion and business trends in Brazil and a live art activation by local artist Polly. The event will also include live music performances to mark the occasion in true Brazilian style.

    Grupo Pasquini plans to open stores in major cities including São Paulo, Rio de Janeiro, Belo Horizonte, Florianópolis, and Porto Alegre, supported by a robust omni-channel retail strategy aimed at delivering a seamless brand experience to consumers nationwide.

    This launch marks another important step for U.S. Polo Assn. as the brand continues to build upon its global success story and bring the spirit of the sport of polo to fans and consumers in more than 190 countries.

    ABOUT U.S. POLO ASSN.

    U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.

    U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.

    For more information, visit uspoloassnglobal.com and follow @uspoloassn.

    ABOUT GRUPO PASQUINI
    With over 30 years of experience in the fashion industry, Grupo Pasquini is one of the leading players in the Brazilian market, with a portfolio that includes well-established brands such as Acostamento, ACT, and Inblanche. Headquartered in Santa Catarina, the group operates a 16,000 m² proprietary factory and has a strong multichannel presence – including over 4,000 multibrand retail partners, owned stores, e-commerce, and a growing franchise network. In 2025, Grupo Pasquini became the official partner of U.S. Polo Assn. in Brazil, further strengthening its position in the accessible premium fashion segment. The group is driven by three core pillars: innovation, operational efficiency, and structured expansion. For more information, visit: www.grupopasquini.com.

    ###

    Contact Information

    Stacey Kovalsky
    U.S. POLO ASSN. GLOBAL HQ
    skovalsky@uspagl.com
    +1-954-673-1331 (WhatsApp)

    Gabriella Torre
    DUETTO COMUNICAÇÃO
    gabriella@duettocomunicacao.com
    +55 11 98713-7020 (WhatsApp)

    .

    SOURCE: U.S. Polo Assn.

    View the original press release on ACCESS Newswire

  • American Bitcoin and Gryphon Digital Mining Advance Toward Public Listing of American Bitcoin with Filing of Amended Registration Statement on Form S-4

    American Bitcoin and Gryphon Digital Mining Advance Toward Public Listing of American Bitcoin with Filing of Amended Registration Statement on Form S-4

    American Bitcoin expected to trade on Nasdaq under the ticker symbol “ABTC”

    MIAMI, FL and LAS VEGAS, NV / ACCESS Newswire / July 1, 2025 / American Bitcoin Corp. (“American Bitcoin” or the “Company”), a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure backbone, and Gryphon Digital Mining, Inc. (Nasdaq:GRYP) (“Gryphon”), an innovative venture in the Bitcoin mining space, today announced the filing of an amended registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) in connection with their previously announced stock-for-stock merger transaction (the “Transaction”).

    The Registration Statement, which amends the initial version filed in June, contains a preliminary proxy statement and prospectus in connection with the proposed Transaction. While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about American Bitcoin, Gryphon, and the Transaction.

    American Bitcoin has entered into a definitive merger agreement with Gryphon pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. Upon closing, the combined company will operate under the American Bitcoin brand, led by the management and board of directors of American Bitcoin. The combined company is expected to trade on Nasdaq under the ticker symbol “ABTC,” with the Transaction targeted to close as early as Q3 2025.

    Additional Information

    A copy of the amended Registration Statement filed by Gryphon with the SEC is available here.

    About American Bitcoin

    American Bitcoin is a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company combines Hut 8’s proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump’s commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit www.americanbtc.com and follow us on X at @AmericanBTC.

    About Gryphon

    Gryphon Digital Mining, Inc. is an innovative venture in the Bitcoin mining space. More information is available on www.gryphondigitalmining.com.

    Cautionary Note Regarding Forward-Looking Information

    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, statements relating to the structure, timing, and completion of the proposed transaction between American Bitcoin and Gryphon, the combined company’s listing on Nasdaq after the closing of the proposed transaction, the expected management and board of directors of the combined company, and the vision, goals, and trajectory of American Bitcoin and the combined company.

    Forward-looking statements are not statements of historical fact, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by American Bitcoin as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the occurrence of any event, change, or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement; the possibility that the proposed transaction does not close when expected or at all because the conditions to closing are not satisfied on a timely basis or at all, including the failure to timely obtain stockholder approval for the proposed transaction from Gryphon’s stockholders, if at all; risks related to Gryphon’s continued listing on Nasdaq until closing of the proposed transaction; the outcome of any legal proceedings that may be instituted against American Bitcoin, Gryphon, or the combined company; the possibility that the anticipated benefits of the proposed transaction are not realized when expected or at all; the possibility that the vision, goals, and trajectory of the combined company are not timely achieved or realized or achieved or realized at all; the possibility that the integration of the two companies may be more difficult, time-consuming or costly than expected; the possibility that the proposed transaction may be more expensive or take longer to complete than anticipated, including as a result of unexpected factors or events; the diversion of management’s attention from ongoing business operations and opportunities; changes in Gryphon’s stock price before closing; and other factors that may affect future results of American Bitcoin, Gryphon, or the combined company. Additional factors that could cause results to differ materially from those described above can be found in Gryphon’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2024 and other documents subsequently filed by Gryphon with the SEC.

    Additional Information About the Proposed Transaction and Where to Find It

    This press release relates to a proposed transaction between American Bitcoin and Gryphon. In connection with the proposed transaction, Gryphon has filed with the SEC a Registration Statement to register the Class A common stock to be issued by Gryphon in connection with the proposed transaction. The Registration Statement includes a proxy statement of Gryphon and a prospectus of Gryphon (the “Proxy Statement/Prospectus”), and each of American Bitcoin and Gryphon may file with the SEC other relevant documents concerning the proposed transaction. After the Registration Statement is declared effective, the definitive Proxy Statement/Prospectus will be sent to the stockholders of Gryphon to seek their approval of the proposed transaction. This press release is not a substitute for the Registration Statement, the Proxy Statement/Prospectus or any other relevant documents that American Bitcoin or Gryphon has filed or will file with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS OF GRYPHON ARE URGED TO CAREFULLY AND ENTIRELY READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AMERICAN BITCOIN, GRYPHON, THE PROPOSED TRANSACTION, AND RELATED MATTERS.

    Participants in the Solicitation

    American Bitcoin, Gryphon and certain of their respective directors, executive officers, and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of Gryphon, their ownership of Gryphon common stock, and Gryphon’s transactions with related persons is set forth in its Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 31, 2025, the definitive proxy statement for Gryphon’s 2024 annual meeting of stockholders, as filed with the SEC on August 7, 2024, the definitive proxy statement for Gryphon’s 2025 special meeting of stockholders, as filed with the SEC on April 21, 2025, and other documents that may be filed from time to time with the SEC. Additional information about the directors and executive officers of American Bitcoin and Gryphon and other persons who may be deemed to be participants in the solicitation of stockholders of Gryphon in connection with the proposed transaction and a description of their direct and indirect interests will be included in the Proxy Statement/Prospectus related to the proposed transaction or other relevant materials, which will be filed with the SEC. These documents may be obtained free of charge, when they become available, at the SEC’s website at www.sec.gov and from Gryphon using the sources indicated above.

    No Offer or Solicitation

    This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or the solicitation of any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or in a transaction exempt from the registration requirements of the Securities Act.

    American Bitcoin Corp. Investor Relations
    ir@americanbtc.com

    American Bitcoin Corp. Public Relations
    media@americanbtc.com

    SOURCE: Gryphon Digital Mining, Inc.

    View the original press release on ACCESS Newswire

  • ALT5 Sigma Corporation Added to the Russell Microcap Growth Index, Russell 3000E Index and Russell 3000E Growth Index

    ALT5 Sigma Corporation Added to the Russell Microcap Growth Index, Russell 3000E Index and Russell 3000E Growth Index

    LAS VEGAS, NV / ACCESS Newswire / July 1, 2025 / ALT5 Sigma Corporation (NASDAQ:ALTS)(FRA:5AR1) (“ALT5 or the “Company”), a fintech company providing blockchain-powered payment and trading infrastructure for global merchants and financial institutions, has announced today that it has been added as a member of the Russell Microcap Growth®, Russell 3000E® and Russell 3000E Growth® Indexes, as part of the 2025 Russell indexes reconstitution. The Company had previously been included in the Russel Microcap® Index since June of 2024.

    “The recent reconstitution of the Russell indexes and our inclusion in both the Russell 3000E and Russell 3000E Growth Indexes is a powerful validation of our sustained momentum and strengthening fundamentals,” said Peter Tassiopoulos, CEO of ALT5 Sigma Corporation. “This recognition reflects the market’s growing confidence in our strategic vision, execution capabilities, and long-term value creation for stockholders. We are honored to be part of these prestigious benchmarks and see it as a catalyst for increased visibility and institutional interest moving forward.”

    FTSE Russell determines index membership primarily based on objective market capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. As of June 28, 2024, Russell’s U.S. indexes served as the benchmark for approximately $10.6 trillion in assets. Russell indexes are part of FTSE Russell, a global index provider.

    Peter Tassiopoulos went on to comment “Today’s announcement builds on ALT5’s position as a leading provider of blockchain-based payment and trading infrastructure. Founded in 2018, the Company supports over 1,000 businesses globally and has processed more than $5 billion USD in cryptocurrency transactions since inception, underscoring its role as a trusted partner to institutions and merchants operating in the digital asset economy.”

    Fiona Bassett, CEO of FTSE Russell, An LSEG business, comments:

    “The Russell indexes have continuously adapted to the evolving dynamic US economy, and it’s crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark.”

    For more information on the Russell Microcap® Index and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About ALT5 Sigma Corporation
    ALT5 Sigma Corporation (NASDAQ:ALTS)(FRA:5AR1) is a fintech, providing next generation blockchain-powered technologies for tokenization, trading, clearing settlement, payment, and safe keeping of digital assets. the Russell Microcap Growth® Index, Russell 3000E® Index and Russell 3000E Growth® Index

    Founded in 2018, ALT5 Sigma, Inc. (a wholly-owned subsidiary of ALT5 Sigma Corporation) enables the migration to a new global financial paradigm through its suite of blockchain infrastructure technologies. ALT5 Sigma, Inc., through its subsidiaries, offers two main platforms: “ALT5 Pay” and “ALT5 Prime.” The company has processed over $5 billion USD in cryptocurrency transactions since inception.

    ALT5 Pay is an award-winning cryptocurrency payment gateway that enables registered and approved global merchants to accept and make cryptocurrency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency(s) automatically or to receive their payment in digital assets.

    ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.

    The Company is also advancing the separation of its biotech business, which will continue under “Alyea Therapeutics Corporation.” Through its biotech activities, the Company is focused on bringing to market drugs with non-addictive pain-relieving properties to treat conditions that cause chronic or severe pain. Our patented product, a novel formulation of low-dose naltrexone (JAN123), is being initially developed for the treatment of Complex Regional Pain Syndrome (CRPS), an indication that causes severe, chronic pain generally affecting the arms or legs. The FDA has granted Jan123 Orphan Drug Designation for treatment of CRPS.

    About FTSE Russell, an LSEG Business
    FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

    A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group.

    For more information, visit FTSE Russell.

    Forward-Looking Statements
    This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the profitability and prospective growth of ALT5’s platforms and business, that may include, but are not limited to, international currency risks, third-party or customer credit risks, liability claims stemming from ALT5’s services, and technology challenges for future growth or expansion. This press release also may contain statements and links relating to risks that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such statements reflect the Company‘s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and contingencies.

    Many factors could cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the sections entitled “Risk Factors” in the Company’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. The Company cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

    Media/Investor Relations Contact
    IR@alt5sigma.com
    1-800-400-2247

    SOURCE: ALT5 Sigma Corp

    View the original press release on ACCESS Newswire

  • Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for July 2025

    Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for July 2025

    MCLEAN, VA / ACCESS Newswire / July 1, 2025 / Gladstone Alternative Income Fund (“Gladstone Alternative” or the “Fund”) announced today that its board of trustees declared monthly cash distributions to shareholders for the month of July, increasing the daily dividend rate by greater than 1.1%, in comparison to the June daily dividend rate. The July distribution amount is $0.00178 per calendar day for each issued and outstanding Class A share, Class C share, and Class I share for the period beginning July 1, 2025 and ending July 31, 2025 (for shareholders who own shares all 31 days in July, the distribution will total approximately $0.0552 per share). The distributions will be paid on July 31, 2025 for Dividend Reinvestment Plan (“DRIP”) participants and August 1, 2025 for non-DRIP participants.

    John Sateri, President of Gladstone Alternative, noted, “We are pleased to announce the fifth consecutive monthly dividend for Gladstone Alternative, continuing our commitment to delivering consistent income to our investors. We look forward to continuing to create long-term value in the months and years ahead by generating sustainable returns for our shareholders while providing them access to a diversified portfolio of private credit and equity investments.”

    About Gladstone Alternative Income Fund

    Gladstone Alternative Income Fund is a non-diversified, unlisted, closed-end management investment company registered under the Investment Company Act of 1940 and is operating as an interval fund. The Fund seeks to achieve and grow current income by investing primarily in directly originated loans to lower and middle market private businesses in the United States, broadly syndicated loans and commercial real estate loans.

    Investors are advised to carefully consider the investment objectives, risks and charges, and expenses of Gladstone Alternative Income Fund before investing. The prospectus, dated November 7, 2024, which has been filed with the U.S. Securities and Exchange Commission, and as supplemented from time to time, contains this and other information about the Fund and should be read carefully before investing. You may get these documents for free by visiting the Fund’s website at www.gladstoneintervalfund.com or by visiting EDGAR on the SEC’s website at www.sec.gov. To obtain a copy of the prospectus, you may also contact Gladstone Securities, LLC, the dealer manager and distributor for this offering, which will arrange to send you the prospectus if you request it by calling toll-free at (833) 849-5993.

    For further information, please visit our website at www.gladstoneintervalfund.com.

    SOURCE: Gladstone Alternative Income Fund

    View the original press release on ACCESS Newswire

  • New Horizon Medical Solutions Adds AmchoPlast(TM) to its Industry-Best Product Portfolio

    New Horizon Medical Solutions Adds AmchoPlast(TM) to its Industry-Best Product Portfolio

    Next‑Gen Amnio-Chorionic Membrane for Enhanced Wound Care is Latest Offering in a Slew of New Products Focused on Increasing Patient Care

    LAS VEGAS, NV / ACCESS Newswire / July 1, 2025 / New Horizon Medical Solutions, a leader in advanced biologics and wound care innovation, today announced the launch and addition of AmchoPlast™ to its product portfolio. AmchoPlast is a premium amniotic‑chorionic membrane (amnion – chorion with intermediate layer) product designed to elevate outcomes across surgical and chronic wound indications.

    “AmchoPlast strengthens our pipeline of compliant, performance-driven biologics that align with modern wound care protocols,” said Will Hall, CEO, New Horizon Medical Solutions. “This launch reflects our commitment to regenerative medicine, practice optimization, and elevating standards of care.”

    Delivering superior benefits and practice optimization

    • Engineered with amiotic-chorionic tissue, AmchoPlast serves as a natural biologic scaffold and barrier, supporting advanced wound care management.

    • Biocompatible and non-immunogenic, the membrane is safe for a diverse patient population and a wide range of wound types.

    • Tri-layer construction provides enhanced handling properties and slower degradation compared to single or bi-layer membranes

    Designed for clinical workflow and reimbursement ease

    • Supplied in a sterile, ready-to-use format, AmchoPlast cuts procedural prep time and minimizes infection risk.

    • Shelf-stable at room temperature, it supports versatile storage for hospitals, clinics, or mobile settings.

    • Flexible, easy-to-handle, and available in multiple sizes, it facilitates precise application and reduces product wastage.

    “The addition of AmchoPlast cements our portfolio as the most complete in the biologics space,” said D. Christopher Keil, SVP, strategy & corporate development. “We now offer providers and partners the broadest range of choices when selecting regenerative solutions from New Horizon.”

    About AmchoPlast™

    AmchoPlast, from Cellution Biologics, combines the power of amniotic and chorionic tissues with intermediate layer in a tri-layered construct. Intended to act as a barrier and provide protective coverage from the surrounding environment for acute and chronic wounds such as partial and full thickness wounds, pressure sores/ulcers, venous ulcers, diabetic ulcers, chronic vascular ulcers, tunneled/undermined wounds, surgical wounds (e.g., donor site/grafts, post-laser surgery, post-Mohs surgery, podiatric wounds, wound dehiscence), trauma wounds (e.g., abrasions, lacerations, partial thickness burns, skin tears), and draining wounds. For more information on the product, visit nhmedical.com/products/amchoplast or contact New Horizon Medical Solutions directly at 702-960-2913.

    About New Horizon Medical Solutions

    New Horizon Medical Solutions is at the forefront of biologic innovation and practice optimization. The company develops regenerative tissue products supported by reimbursement expertise and operational efficiency, empowering providers to improve patient outcomes while maintaining compliance. www.nhmedical.com


    Media Contact

    Julian Rogers, Director of Corporate Marketing
    New Horizon Medical Solutions
    julian.rogers@nhmedical.com
    702-971‑1806

    SOURCE: New Horizon Medical Solutions

    View the original press release on ACCESS Newswire

  • New Horizon Medical Solutions Adds AmchoPlast(TM) to its Industry-Best Product Portfolio

    New Horizon Medical Solutions Adds AmchoPlast(TM) to its Industry-Best Product Portfolio

    Next‑Gen Amnio-Chorionic Membrane for Enhanced Wound Care is Latest Offering in a Slew of New Products Focused on Increasing Patient Care

    LAS VEGAS, NV / ACCESS Newswire / July 1, 2025 / New Horizon Medical Solutions, a leader in advanced biologics and wound care innovation, today announced the launch and addition of AmchoPlast™ to its product portfolio. AmchoPlast is a premium amniotic‑chorionic membrane product designed to elevate outcomes across surgical and chronic wound indications.

    “AmchoPlast strengthens our pipeline of compliant, performance-driven biologics that align with modern wound care protocols,” said Will Hall, CEO, New Horizon Medical Solutions. “This launch reflects our commitment to regenerative medicine, practice optimization, and elevating standards of care.”

    Delivering superior benefits and practice optimization

    • Engineered with amniotic‑chorionic tissue, AmchoPlast serves as a natural biologic scaffold and barrier, supporting advanced wound care management and regenerative tissue growth.

    • Rich in growth factors and cytokines, it enhances angiogenesis, reduces inflammation, and promotes cellular proliferation and differentiation.

    • Biocompatible and non-immunogenic, the membrane is safe for a diverse patient population and a wide range of wound types.

    • With anti-inflammatory and anti-fibrotic activity, AmchoPlast helps reduce scarring, minimize adhesions, and accelerates epithelialization.

    Designed for clinical workflow and reimbursement ease

    • Supplied in a sterile, ready-to-use format, AmchoPlast cuts procedural prep time and minimizes infection risk.

    • Shelf-stable at room temperature, it supports versatile storage for hospitals, clinics, or mobile settings.

    • Flexible, easy-to-handle, and available in multiple sizes, it facilitates precise application and reduces product wastage.

    • Supported by HCPCS‑compliant Q codes, AmchoPlast streamlines billing and reimbursement in line with CMS and payer requirements.

    “The addition of AmchoPlast cements our portfolio as the most complete in the biologics space,” said D. Christopher Keil, SVP, strategy & corporate development. “We now offer providers and partners the broadest range of choices when selecting regenerative solutions from New Horizon.”

    About AmchoPlast™

    AmchoPlast, from Cellution Biologics, combines the regenerative power of amniotic and chorionic tissues in a dual-layer membrane. Intended for surgical reconstruction, chronic wounds (including diabetic foot ulcers and pressure injuries), burns, tendon and nerve repair, the product supports homologous use in clinical application, wound care, and optimized patient outcomes. For more information on the product, visit nhmedical.com/products/amchoplast or contact New Horizon Medical Solutions directly at 702-960-2913.

    About New Horizon Medical Solutions

    New Horizon Medical Solutions is at the forefront of biologic innovation and practice optimization. The company develops regenerative tissue products supported by reimbursement expertise and operational efficiency, empowering providers to improve patient outcomes while maintaining compliance. www.nhmedical.com

    Media Contact
    Julian Rogers, Director of Corporate Marketing
    New Horizon Medical Solutions
    julian.rogers@nhmedical.com
    702-971‑1806

    SOURCE: New Horizon Medical Solutions

    View the original press release on ACCESS Newswire

  • VelaFi Launches as the Next Evolution of TruBit Business, Powering Financial Infrastructure

    VelaFi Launches as the Next Evolution of TruBit Business, Powering Financial Infrastructure

    • Backed by over two years of development and 500+ global institutional clients, VelaFi enters the market with mature infrastructure and proven scale.
    • With operations across LATAM, the U.S., Asia, and expanding into EMEA, VelaFi delivers modern infrastructure for businesses navigating complex financial environments.

    MEXICO CITY, MEXICO AND DALLAS, TX / ACCESS Newswire / July 1, 2025 / After over two years of development and operations, Galactic Holdings, the parent company of TruBit Business, officially announces the launch of VelaFi: the natural evolution of its enterprise-focused vertical. This new identity reflects a more focused, institutional, and global vision, built on a foundation of solid technology and hands-on experience.

    With over 500 institutional global clients and a validated infrastructure, VelaFi positions itself as a mature platform built to operate across complex and fragmented financial environments. The company currently has active operations in Latin America, the United States, Hong Kong, and Singapore, and continues to expand partnerships across the Middle East, Europe, and Africa.

    VelaFi’s launch comes at a pivotal moment for the transformation of the global financial system. Stablecoins have now surpassed $250 billion in circulation worldwide, signaling increasing and sustained market adoption. As regulatory frameworks around digital payments continue to evolve businesses operating across jurisdictions require modern, reliable infrastructure aligned with new compliance expectations.

    “We’ve spent years building the infrastructure that businesses in emerging markets actually need,” said Maggie Wu, CEO and Co-Founder of VelaFi. “This isn’t about entering the market-we’ve been here, solving real problems for real companies. What you’re seeing now is the natural evolution of that work: proven technology, established relationships, and a clear vision for how cross-border financial infrastructure should work in today’s economy.”

    VelaFi was born from a deep understanding of the challenges that companies face in emerging markets. From its early days as TruBit Business, the company identified a critical need: financial infrastructure capable of navigating fragmented regulatory environments, inconsistent banking relationships, and cross-border operational demands, without sacrificing speed or compliance.

    That vision has been shaped through direct experience with clients in sectors like import/export, logistics, SaaS, fintech, and global services. Through these partnerships, the platform has evolved into a model that not only processes transactions but also delivers operational tools, regional intelligence, and a regulatory-first architecture ready to scale.

    The name VelaFi, inspired by the Spanish word vela (sail), reflects the company’s philosophy: direction, structure, and the ability to move forward, even in turbulent waters. Today, the platform offers scalable payment solutions, integrable APIs, and real-time tools for treasury management, reconciliation, and compliance, all built with regulatory readiness at its core.

    This foundation has proven its ability to scale sustainably, not just through geographic reach, but by adapting to diverse environments, integrating with local systems, and providing structure where the market often delivers uncertainty. VelaFi doesn’t aim to impose a one-size-fits-all model, it builds from the logic of each market, using strong infrastructure principles as the basis for global growth.

    “Our clients don’t need another payment processor,” Wu added. “They need infrastructure that understands the complexity of their operations and provides clarity where the market only offers fragmentation. That’s what we’ve built-and that’s what we’re scaling.”

    In a world where companies increasingly operate across multiple currencies, jurisdictions, and regulatory frameworks, VelaFi addresses a structural challenge: enabling sustainable growth through modern, intelligent infrastructure. With a clear institutional focus and a proven platform, the company is entering a new phase of expansion-launching new products and deepening its international presence to support businesses operating across the world’s most complex markets.

    About VelaFi
    VelaFi is a financial infrastructure platform designed for companies operating in emerging markets and fragmented financial environments. Evolved from TruBit Business – the B2B unit of Galactic Holdings – it provides cross-border payment solutions, regulatory compliance tools, and operational scalability for institutions.

    The platform currently operates across Latin America, the United States, and Asia, with expansion underway into the Middle East, Europe, and Africa. Its mission is clear: to build the infrastructure layer that real companies need to grow without friction in a transforming financial system.

    Press contact: roberto.femat@velafi.com

    For more information, visit www.velafi.com

    SOURCE: Galactic Holdings

    View the original press release on ACCESS Newswire

  • Feed the Children Launches Summer Hunger Campaign and Expands Summer Feed & Read Program

    Feed the Children Launches Summer Hunger Campaign and Expands Summer Feed & Read Program

    Nonprofit works with partners to provide food and learning activities for children in four cities

    OKLAHOMA CITY, OKLAHOMA / ACCESS Newswire / July 1, 2025 / As classes conclude and summer arrives, it should be a season of carefree days for children, filled with time spent with friends, pursuing their passions, and sparking their imaginations. However, for the 30 million children who depend on school meals, the end of the school year also signifies the end of this vital resource. For the 1 in 5 children in the U.S. who already experience food insecurity, this situation means they will have even less access to food during the summer months.

    Feed the Children recognizes that hunger exists all around us, even when we don’t see it. This is why the nonprofit is kicking off its summer hunger campaign to raise critical funds to help children during one of the hungriest times of the year. The organization is working to address summer hunger as its Summer Feed & Read program expands to a fourth city this summer in Denver, Colo., and returns to Oklahoma City, Okla., Memphis, Tenn., and Atlanta, Ga.

    The Summer Feed & Read program provides nutritious meals to children during the summer months. These meals follow the USDA MyPlate guidelines and include a protein as the main course, along with servings of fruit, vegetables, grains, and milk. Additionally, the program addresses summer learning loss by providing books and promoting enrollment in summer learning opportunities and reading programs.

    For many families, 2025 has brought ongoing challenges that will make this summer more difficult. Even as food prices continue to rise, several states opted not to participate in the USDA SUN Bucks (Summer EBT) program, including three of the four states where Feed the Children is implementing this summer’s program – Georgia, Oklahoma and Tennessee.

    “We hope that by focusing our impact in locations where the Summer EBT program is suspended, we can help close the meal gap for children experiencing the loss of school meals across the country,” said Colleen Ridenhour, Chief Growth and Strategy Officer at Feed the Children. “We are dedicated to supporting children who need us the most and helping them stay engaged in learning this summer as part of our continued commitment to growth and our goal of improving support to the communities we serve.”

    Many parents who rely on school meals to help stretch their food budget find summertime difficult to afford. Their children are home more of the time, and it’s a challenge to buy all the meals a healthy child needs.

    For parents like Renata, a mom of two children, Feed the Children can help bridge the gap during the summer months. “There’s a lot more budgeting in the summer,” Renata explained. “Right now, with the economy, everything costs so much money. We plan our meals out a week in advance, and that’s what we eat.”

    Feed the Children helps by providing vital support to families who experience increased food insecurity during the summer months. The nonprofit is collaborating with partners to distribute nearly 30,000 pre-packaged lunch kits this summer. Additionally, Feed the Children offers household essentials, such as cleaning supplies and personal care items, which are not covered by SNAP benefits. This assistance helps parents and caregivers allocate more of their budget towards putting food on the table this summer.

    In addition to food and essential household and personal care items, Feed the Children also provides books and encourages enrollment in local summer reading programs that keep kids’ minds active. Research has shown that young students lose some of their achievement gains – up to one month of the school year’s lessons – over the summer. This is especially true for their literacy when children don’t read regularly during the summer. Students who struggle with literacy early often find it difficult to catch up and may continue to fall behind their peers, which can have lasting impacts on their academic success.

    In Denver, Feed the Children teamed up with The a2 Milk CompanyTM to launch the Summer Feed & Read program, which will provide over 5,000 pre-packaged meals to students. The program will be hosted at Hope Communities, Denver Inner City Parish, and Alicia Sanchez Elementary.

    As part of the Summer Feed & Read program in Oklahoma and Memphis, Feed the Children is teaming up with FedEx to provide 14,000 pre-packaged meal kits. Oklahoma community partners participating in the program, Luther Community Service Center and the YMCA of Greater Oklahoma City, will receive nearly 7,000 pre-packaged meals and books to support children this summer. The program will also provide 7,000 pre-packaged meals, books, and essentials to the Emmanuel Center and the Vance Avenue Youth Development Center in Memphis.

    The nonprofit is partnering with Americold to provide lunch meal kits to more than 6,000 students for the Summer Feed & Read program in Atlanta, working with the Latin American Association and Fulton County Schools. The school district is also a partner for Feed the Children’s Food & Essential Hub program that supports students with food, essential household items, personal care products, books, and school supplies throughout the school year.

    “We are grateful for all our partners and their commitment to ensuring children in their community have the food they need this summer,” said Tamara Sandberg, Vice President of U.S. Program Development at Feed the Children. “Kids can’t be hungry for knowledge if they are hungry for food – we hope that by providing access to books we can reduce the summer slide in reading while also supporting children with healthy meals while school is out.”

    View Feed the Children’s Summer Feed & Read program video from previous Summer activities.

    The organization encourages everyone to join its mission to end childhood hunger. Supporters can help fight summer hunger by donating at feedthechildren.org. This support will allow kids to enjoy the summer and will help make a difference in the lives of children and their families across the country.

    About Feed the Children

    Feed the Children is a leading nonprofit committed to ending childhood hunger. The organization believes that no child should go to bed hungry, and so it provides children and families in the U.S. and around the world with the food and essentials kids need to grow and thrive. Through its programs and partnerships, the organization feeds children today while helping their families and communities build resilient futures. In addition to food, Feed the Children distributes household and personal care items across the United States to help parents and caregivers maintain stable, food-secure households. Internationally, it expands access to nutritious meals, safe water, improved hygiene, and training in sustainable living. As responsible stewards of its resources, Feed the Children is driven to pursue innovative, holistic, and child-focused solutions to the complex challenges of hunger, food insecurity, and poverty.

    For children everywhere, the organization believes that having enough to eat is a fundamental right. Learn how you can help create a world without childhood hunger at feedthechildren.org.

    For more information:
    Kelly Frey – 405-945-4064
    Kelly.Frey@feedthechildren.org

    SOURCE: Feed the Children

    View the original press release on ACCESS Newswire

  • Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of Wattbike, Creating a Diversified Global Fitness Platform on Track for More than $75 Million in Pro Forma 2025 Revenue

    Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of Wattbike, Creating a Diversified Global Fitness Platform on Track for More than $75 Million in Pro Forma 2025 Revenue

    Wattbike acquisition is the latest milestone in transformational strategy and the Sportstech acquisition is on track to close in the third quarter

    TRNR confirms guidance of more than $75 million in pro forma 2025 revenue and profitability in fourth quarter

    TRNR’s $55 million Digital Asset Treasury is actively purchasing $FET cryptocurrency

    AUSTIN, TX AND NOTTINGHAM, UK / ACCESS Newswire / July 1, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech, today announced that it has completed its previously announced all-stock acquisition of Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes.

    The closing follows the approval on June 18, 2025 from the UK Financial Conduct Authority and the satisfaction of all material conditions of the binding transaction agreement signed in April 2025. Wattbike’s operations will be consolidated into TRNR’s results immediately and will be reported in TRNR’s third quarter financials.

    “Today’s acquisition marks the latest milestone in the transformational strategy that we have outlined to investors and should provide increased confidence in our ability to execute against our plan,” said Trent Ward, Co-Founder & Chief Executive Officer of TRNR. “Wattbike is now officially part of TRNR, and we look forward to being able to announce the completion of the Sportstech acquisition in the near-term.

    Mr. Ward continued: “As a result of those transactions, we expect to generate more than $75 million of pro forma 2025 revenue and achieve profitability in the fourth quarter. When combined with the $55 million we raised a few weeks ago for our innovative Digital Asset Treasury strategy, and the fact that we are actively investing in AI-focused $FET, we believe that TRNR has significant, under-appreciated upside.”

    Mr. Ward concluded: “Wattbike’s operations, thousands of customer gyms and world-class brand give us meaningful assets and scale in the world’s second-largest fitness market – the UK. Its differentiated range of products – for both elite and mainstream athletes – also create big potential opportunities in the US, EU and Asia.”

    Stephen Loftus, CEO of Wattbike, added: “TRNR’s unique portfolio of operating assets, combined with its Nasdaq listing, and increasing focus on using cost-effective technology is expected to unlock new levels of growth for Wattbike. We’re thrilled to start building the next chapter together.”

    Recap – Transaction highlights:

    • 100 % of Wattbike acquired in an all-stock deal, with up to 60 % of total consideration subject to performance-based hurdles in order to align business performance with shareholder returns.

    • The consideration shares are locked up until at least June 2026, and no cash consideration was paid to previous Wattbike shareholders.

    • Wattbike’s projected performance is expected to be immediately accretive to TRNR’s 2025 results, and combined with the pending Sportstech transaction, is expected to result in more than $75 million of pro forma 2025 revenue and profitability in Q4 2025.

    • Creates a diversified connected hardware portfolio spanning cycling (Wattbike), vertical climbing (CLMBR) and digital strength (FORME).

    In terms of next steps, TRNR anticipates continuing with integration planning and execution, including optimizing the global distribution networks and channels it already shares with Wattbike – e.g., with entities like Woodway – as well as its manufacturing and supply chain partnerships to drive rapid cost synergies and working-capital optimization.

    In addition, joint teams are already working on ways to leverage Wattbike’s uniquely differentiated dataset on performance training, including with AI-focused training experiences developed with Fetch.ai and powered by TRNR’s recently announced up to $500 million $FET Digital Asset Treasury strategy. Finally, the Sportstech acquisition remains on track to close in the third quarter.

    TRNR Investor Contact
    ir@interactivestrength.com

    About Interactive Strength Inc.:

    Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).

    CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR’s design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.

    FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company’s connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.

    Forward Looking Statements:
    This press release includes certain statements that are “forward-looking statements” for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue”, “will likely result” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced transactions in the third quarter or at all, the financial performance of those acquisitions and the resulting guidance of being accretive to earnings immediately or in the future, generating more than $75m of pro forma 2025 revenue, achieving profitability in the fourth quarter or there being significant upside in the Company’s share, or how underappreciated it might be. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.

    # # #

    SOURCE: Interactive Strength Inc.

    View the original press release on ACCESS Newswire

  • EON Resources Inc. Reports Management and Directors Buy 301,000 Shares of EON Class A Common Stock

    EON Resources Inc. Reports Management and Directors Buy 301,000 Shares of EON Class A Common Stock

    HOUSTON, TEXAS / ACCESS Newswire / July 1, 2025 / EON Resources Inc. (NYSE American:EONR) (“EON” or the “Company”) is an independent upstream energy company with 20,000 leasehold acres comprising two fields in the Permian Basin in southeast New Mexico. Today, the Company reports that the management team and independent directors (“Team”) bought a combined 301,000 shares of the Company’s Class A Common Stock on the open market.

    “The Team, during a short window between the announcement of the South Justis Field acquisition and the quarter-end black-out period, was able to buy a significant number of shares,” said Mitchell B. Trotter, CFO of the Company.

    Dante Caravaggio, President and CEO of the Company, stated that “We have two major projected events, previously announced, that make a step change for EON. The first is the Enstream funding of $52 million to pay off the agreement with the Seller, to pay off our senior debt, and to fund $9.5 million in oil well workovers. Combined, these actions dramatically change our balance sheet and oil production. The second major event is the selection of a drilling partner who will bring potentially $50 to $100 million in funding to develop our tremendous San Andres reserves. Both events are forecasted to close in August; however, there is no assurance that we will do so. Clearly the EON management team is optimistic.”

    About the Grayburg-Jackson Oil Field Property

    LH Operating, LLC (“LHO”), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.

    Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC (“Haas & Cobb” or “Cobb”), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place (“OOIP”) in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil.

    Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate.

    About the South Justis Field Property

    The South Justis Field (“SJF” or “Field”) is a carbonate reservoir, similar to the rest of the Permian. The Field was first developed in the 1960’s and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990’s by a major oil company. The subsequent owners of the Field had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells and increased the production of oil.

    The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with large spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON’s Grayburg-Jackson Oil Field property. The rights include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place (“OOIP”) is approximately 207 million barrels of oil.

    About EON Resources Inc.

    EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON’s long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties.

    EON’s Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company’s public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company’s website: https://www.eon-r.com/

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects,” “believes,” “anticipates,” “intends,” “estimates,” “seeks,” “may,” “might,” “plan,” “possible,” “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company’s management’s current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

    Investor Relations
    Michael J. Porter, President
    PORTER, LEVAY & ROSE, INC.
    mike@plrinvest.com

    SOURCE: EON Resources Inc.

    View the original press release on ACCESS Newswire