Author: Newsdesk

WILMINGTON, Del., Feb. 03, 2021 (GLOBE NEWSWIRE) — Rigrodsky Law, P.A. announces that it is investigating Holicity Inc. (“Holicity”) (NASDAQ GS: HOL) regarding possible breaches of fiduciary duties and other violations of law related to Holicity’s agreement to merge with Astra Space, Inc.

To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-holicity-inc.

You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected].

Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:         

Rigrodsky Law, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
[email protected]
https://rl-legal.com

WARWICK, NY, Feb. 03, 2021 (GLOBE NEWSWIRE) —

Ozop Energy Solutions
. (OZSC), (“Ozop” or the “Company”), has announced that its fully owned subsidiary Ozop Energy Systems (OES) has announced an agreement with Bical Auto Mall, the largest dealership in the NY metropolitan area to purchase and resell EV chargers.

The initial order is for 4 EV chargers for two locations (@ $80K) for Bical and we have executed a vendor agreement between the two companies so they can resell to the LMA, of which Mr. Bical is president, which is comprised of 300 additional dealerships in New York.

“We are extremely pleased to be working with Bical Auto Mall, an amazing family run company for over thirty years and two generations.” Stated Brian Conway CEO of Ozop Energy Systems Bical Auto Mall is the largest dealership in the metropolitan area that comprises of all four general motors brands that are Chevrolet, Buick, GMC, and Cadillac. Also, Mr. Bical has a second store located in Valley Stream New York called “Bical Chevrolet” that comprises solely of Chevrolet.”

Mr. Bical was born and raised in Guyana and came to America to live the American Dream. He worked as a mechanic for a dealership called “Kristal Auto Mall” and after some time an opportunity aroused for Mr. Bical to become a partner in the dealership. After excelling as a partner, Mr. Bical was able to become the sole owner of Kristal Auto Mall and expand his stores. In 2018 Mr. Bical built “Bical Auto Mall” that stretches over 2.2. acres of land and glistens by the water. Also, Mr. Bical has fostered a secure relationship with General Motors as he is the current president of marketing for Cadillac representing the east coast and is Vice-President of marketing for Chevrolet representing the east coast.

Mr. Bical and his family are very excited to work with of Ozop Systems/ PCTI products and embark on a new adventure. Mr. Bical stated, “it’s a new project that we cannot wait to start.” Bical Auto Mall | Chevy Dealer Brooklyn | NY Chevrolet Sales

For more information on PCTI please follow on the link, www.pcti.com.

Please be aware that our social media accounts can be used from time to time for additional material events.

https://twitter.com/OzopEnergy

https://www.facebook.com/OzopEnergy/

The Waypoint Refinery (discord.com)

About Ozop Energy Solutions.

Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.

About Power Conversion Technologies, Inc.

Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.

Safe Harbor Statement

“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.”

###

Investor Relations Contact

The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com

MCCALL, Idaho, Feb. 03, 2021 (GLOBE NEWSWIRE) — Today Idaho First Bank (the “Bank”) (OTC: IDFB) announced unaudited financial results for the fourth quarter of 2020. Earnings for the fourth quarter were $1.2 million, bringing the earnings for 2020 to $3.0 million. Greg Lovell, CEO of Idaho First Bank, stated “The Q4 results continue to reflect growth from supporting customers and communities as a vital source for business lending. This includes bringing the most talented team members on board, which enhances our ability to accelerate our growing lending activities to meet business client’s financial needs.” He further stated that “The depth of relationships built between customers, and our teams has led to significant lending and deposit expansion.”

Chairman Mark Miller said, “The Board is proud of the team’s hard work and commitment to customers throughout 2020. We are experiencing accelerated growth within our bank as our highly desirable markets continue to expand.”

While tremendous growth from our PPP efforts has occurred, the Bank provided key support to business owners as the Bank saw non-PPP loan balances grow $96.7 million year over year. Total PPP loans outstanding were $548.2 million at December 31, 2020, with the focus having shifted to the forgiveness application and calculation processes as mandated by the CARES Act. We continue to be an active participant in the current PPP process.

At December 31, 2020, the Bank’s total assets were $884.4 million, an increase of $664.4 million, over December 31, 2019. Deposits as of December 31, 2020 were $348.2 million, an increase of $162.0 million over December 31, 2019.

The Bank also opened a full service branch in Nampa to support the expanding service needs of Canyon County. This newest branch is strategically located for ease of access to both rural Nampa areas and the expanding city of Caldwell. Additionally, to further capitalize on loan growth and our PPP success, the Bank opened a Loan Production Office (LPO) in Bend, Oregon. This will allow the Bank to further serve lending needs within the Central Oregon corridor. “We expanded our presence in these important markets as we continue to increase the reach of Idaho First. We are confident these communities will benefit from our personalized level of customer service and strong lending expertise,” stated Todd Cooper, President and COO of Idaho First Bank.

Shareholders’ equity at December 31, 2020, was $33.8 million, an increase of $6.0 million from December 31, 2019. Book value per share improved from $6.15 at December 31, 2019, to $6.81 at December 31, 2020.

About Idaho First Bank

Idaho First Bank (IFB) is a full-service state-chartered community bank established in October 2005 and headquartered in McCall, Idaho. Known for its People First, Community First, Idaho First motto, IFB serves the greater southwest Idaho communities with five additional branches located in New Meadows, Eagle, Ketchum, Nampa, Boise and a Loan Production Office (LPO) in Bend, Oregon. Idaho First Bank is a member of the FDIC and an Equal Housing Lender. For more information, visit us at www.idahofirstbank.com

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements. Idaho First Bank has no obligation to publicly update forward-looking statements after the date of this release. This statement is included for the express purpose of invoking PSLRA’s safe harbor provisions.

Idaho First Bank
Financial Highlights (unaudited)
(Dollars in thousands, except per share)
For the year ended December 31:					2020				2019			Change
	Net interest income			$	16,670			$	7,874			$	8,796			112	%
	Provision for loan losses				1,070				290				780			269	%
	Mortgage banking income				917				764				153			20	%
	Other noninterest income				610				587				23			4	%
	Noninterest expenses				12,961				7,550				5,411			72	%
	Net income before taxes				4,166				1,385				2,781			201	%
	Tax provision				1,117				382				735			192	%
	Net income			$	3,049			$	1,003			$	2,046			204	%
At December 31:					2020				2019			Change
	Loans			$	819,117			$	174,246			$	644,871			370	%
	Allowance for loan losses				3,169				2,096				1,073			51	%
	Assets				884,437				220,077				664,360			302	%
	Deposits				348,181				186,189				161,992			87	%
	Stockholders’ equity				33,848				27,828				6,020			22	%
	Nonaccrual loans				–				153				(153	)		-100	%
	Accruing loans more than 90 days past due				–				–				–
	Other real estate owned				–				–				–
	Total nonperforming assets				–				153				(153	)		-100	%
	Book value per share				6.81				6.15				0.66			11	%
	Shares outstanding				4,967,294				4,526,109				441,185			10	%
	Allowance to loans				0.39	%			1.20	%
	Allowance to nonperforming loans				–				1370	%
	Nonperforming loans to total loans				0.00	%			0.09	%
Averages for the year ended Dec 31:					2020				2019			Change
	Loans			$	619,491			$	160,002			$	459,489			287	%
	Earning assets				685,359				202,676				482,683			238	%
	Assets				699,085				212,383				486,701			229	%
	Deposits				268,234				186,071				82,163			44	%
	Stockholders’ equity				29,983				20,129				9,854			49	%
	Loans to deposits				231	%			86	%
	Net interest margin				2.43	%			3.89	%

 

Idaho First Bank
Quarterly Financial Highlights (unaudited)
(Dollars in thousands)
Income Statement				Q4 2020				Q3 2020				Q2 2020				Q1 2020				Q4 2019
	Net interest income			$	5,556			$	5,106			$	4,054			$	1,954			$	1,962
	Provision for loan losses				–				500				500				70				105
	Mortgage banking income				541				253				45				78				107
	Other noninterest income				172				169				134				135				150
	Noninterest expenses				4,646				3,695				2,540				2,080				1,784
	Net income before taxes				1,622				1,332				1,193				18				330
	Tax provision				432				357				319				9				88
	Net income			$	1,190			$	975			$	874			$	9			$	242
Period End Information				Q4 2020				Q3 2020				Q2 2020				Q1 2020				Q4 2019
	Loans			$	819,117			$	856,333			$	809,009			$	180,579			$	174,246
	Allowance for loan losses				3,169				3,168				2,668				2,167				2,096
	Nonperforming loans				–				–				413				570				153
	Other real estate owned				–				–				–				–				–
	Quarterly net charge-offs (recoveries)				(1	)			(1	)			(1	)			(1	)			(1	)
	Allowance to loans				0.39	%			0.37	%			0.33	%			1.20	%			1.20	%
	Allowance to nonperforming loans				–				–				645	%			380	%			1370	%
	Nonperforming loans to loans				0.00	%			0.00	%			0.05	%			0.32	%			0.09	%
Average Balance Information				Q4 2020				Q3 2020				Q2 2020				Q1 2020				Q4 2019
	Loans			$	843,342			$	833,805			$	620,647			$	175,354			$	161,850
	Earning assets				892,737				892,726				730,194				221,222				207,979
	Assets				908,173				907,075				743,522				232,986				218,964
	Deposits				311,071				279,100				285,689				196,486				188,089
	Stockholders’ equity				32,757				31,055				28,126				27,953				23,213
	Loans to deposits				271	%			299	%			217	%			89	%			86	%
	Net interest margin				2.48	%			2.28	%			2.23	%			3.55	%			3.74	%

CONTACT

Greg Lovell
CEO – Idaho First Bank
208.630.2001 – [email protected] 

WASHINGTON, D.C., Feb. 03, 2021 (GLOBE NEWSWIRE) — A new report released today by BuildingClean.org found increasing the rate of residential deep retrofits across the nation coupled with the implementation of Buy American procurement policies could create more than 170,000 American manufacturing jobs. The report, entitled Manufacturing Efficiency: How Buy America Policy Can Boost Jobs Manufacturing Energy-Efficient Products, compared the manufacturing job creation potential of strengthening all retrofits to full deep retrofits, increasing the retrofit rate, and implementing Buy American policies.

“Increasing the retrofit rate, strengthening retrofits, and enacting Buy American policies will deliver more than 170,000 manufacturing jobs across the nation, while driving down emissions and securing a more sustainable future for the nation,” said Jason Walsh, President of the BlueGreen Alliance Foundation. “This report shows the tremendous opportunity in making the products we need to make our homes and buildings more energy efficient at a time when America’s manufacturing sector is in need of revitalization and millions of Americans have applied for unemployment during the ongoing pandemic.”

The study found that increasing demand for American-made energy-efficient housing products through Buy American policies and deep retrofits will boost job creation in manufacturing, with appliance and HVAC manufacturing showing the most growth. At the current estimated retrofit rate of 2%, just strengthening retrofits to full deep retrofits would support 132,000 manufacturing jobs. Adding a Buy American policy to a deep retrofit rate of 2% would create another 20,000 jobs. Finally, the report explored the impact of increasing the deep retrofit rate to 4% while also enacting a Buy American policy. Under this scenario more than 170,000 jobs would be created.

“Our nation is long overdue for a massive infrastructure investment, including funds to modernize our existing buildings,” said United Steelworkers (USW) International President Tom Conway. “Using American-made materials as we upgrade our homes and businesses will not only ensure that they are safer and more efficient, but will also create good, union manufacturing jobs, helping rebuild our battered economy and laying the foundation for a brighter future for all.”

The report found that with the right policies in place, energy efficiency could be a driver of significant growth of manufacturing jobs in the United States. Deep retrofits go beyond basic weatherization and feature exterior continuous insulation; energy-efficient appliances; heating, ventilation, and air conditioning (HVAC); and windows.

“The benefits of enacting the actions outlined in Manufacturing Efficiency are undeniable,” Walsh said. “The creation of manufacturing jobs in communities across the nation will help our nation heal from the devastating economic impacts of the ongoing COVID-19 pandemic. Stopping energy waste will strengthen our fight against climate change. And, ramping up residential deep retrofits—especially in affordable housing—will make the buildings we live and work in healthier and safer.”

###

The Building Clean database supercharges efforts to find healthy, U.S.-made products and highlights a broad range of energy-efficient housing products, illustrating the breadth and depth of America’s energy-efficient product supply chain. It is an initiative of the BlueGreen Alliance Foundation,which educates the public about the job-creating potential of environmental solutions. Find out more at buildingclean.org.

Abby Harvey
BlueGreen Alliance Foundation
202-709-5113
[email protected]

Ruling will propel company into automotive EV and AI sectors

West Palm Beach, FL, Feb. 03, 2021 (GLOBE NEWSWIRE) —  via NewMediaWire — Global Digital Solutions, Inc. (GDSI) (OTC: GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, has received the decision from the United States District Court for the Southern District of Florida regarding the case against Grupo Rontan Electro Metalurgica, S.A., Joao Alberto Bolzan and Jose Carlos Bolzan.

The decision awards Global Digital Solutions Specific Performance (Rights to Rontan Metalurgica) and incidental damages of $192,448,000. 

https://gdsi.co/GDSI%202021-02-03%20[00275-000]%20ORDER%20ON%20DAMAGES%20granting%20[213]%20Motion%20for%20Judgment.%20A%20final.pdf

William Delgado, CEO and Chairman of GDSI, said, “We are very pleased to announce that our ongoing legal complaint against Rontan Metalurgica and the Bolzan brothers has been decided. Our legal team of William Isaacson, Carlos Sires and James Grippando has done a fantastic job steering this through a very complex legal process. The GDSI team looks forward to expanding into the electric vehicle and automotive artificial intelligence sectors in the coming months. We also expect to announce additional acquisitions and partnerships in our Aviation Technology group. We look forward to providing detailed updates to the marketplace in the coming weeks as our near-term strategy is put into place with our attorneys, business partners and potential banking relationships.”

Automotive Technology

The Company intends to leverage our experience gained from engineering and assembly of mobile command centers through its NACSV subsidiary into the vastly expanding Electric Vehicle (EV) and Automotive Artificial Intelligence (AI) sector. Although we do not intend to become a full-service manufacturer, we believe that we have the ability to provide support to the industry through parts, service, logistics, and software development. We also expect to rely on our AI partner, Consolidated Ocean Technology, Inc (COT) for work in this area.

Aviation Technology 

The Company has continued its development of the PALS system in 2020. We have conducted preliminary flight testing and expect to announce additional flight testing after the first of the year. We also have been working with the Federal Aviation Administration (FAA) and selected OEMS to incorporate the system into their respective flight protocols. Development has been somewhat slowed due to the Covid-19 situation. We expect activity to pick up in 2021. The Company is also looking at other uses for the PALS technology, specifically as it relates to noise abatement and flow control. We are also continuing to look for additional aviation technologies that we may acquire in the future to augment our offerings. 

About Global Digital Solutions, Inc.

Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, continues to enhance shareholder value in these areas. We currently operate an Aviation Technology group focused on low visibility and airspace congestion safety. The Company expects to add significantly through acquisitions and partnerships additional capabilities in EV and Automotive AI technologies. For more information about GDSI, visit http://www.gdsi.co

Forward Looking Statements

This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-Q filed on November 21, 2019, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:

Richard Brown

[email protected]

775-443-4740

SOURCE: Global Digital Solutions Inc.