Latest news with #9.5
Business Wire
09-07-2025
- Business
- Business Wire
Wytec Announces 9.5% Secured $10M Private Offering to Accredited Investors
SAN ANTONIO--(BUSINESS WIRE)--Wytec International ('Wytec'), OTCQB: WYTC, is announcing its 9.5% Secured $10M Secured Note to 'accredited investors only' under SEC Rule 506 (c), with a portion of the proceeds allocated towards Wytec's multi-government sales and marketing program utilizing telecom master channel agents. This was not possible until May 20 th, when Wytec successfully completed its 'live' Gunshot Detection Pilot Project at the Sons of Liberty Gun Range in San Antonio, Texas. Wytec is presenting its Public Safety/Investor Seminar at the Intercontinental Riverwalk Hotel in San Antonio, Texas, on September 2 nd 2025, to introduce its gunshot/drug sensing technology while providing a face-to-face introduction of Wytec's technology sales agents to TXShare Members. The meeting room hosts 100 attendee seats, of which 50 seats have been reserved for TXShare Members, representing 170 US Cities, 50 Counties, and over 40 Special Districts, including Transit Authorities, Water Utility Boards, Bridge and Highway Authorities, Police Departments, School Districts, Hospitals, and more. The Award includes a Master Service Agreement (MSA) with the North Central Texas Council of Governments resulting from a Request for Proposal (RFP) issued by the TXShare Cooperative Purchasing Program. The remaining seats are reserved for a select number of Wytec's top accredited shareholders and prospective new family offices and institutional investors. Wytec is presenting its Public Safety/Investor Seminar at the Intercontinental Riverwalk Hotel in San Antonio, Texas, on September 2nd, 2025, to introduce its gunshot/drug sensing technology while providing a face-to-face introduction of Wytec's technology Share Wytec will present both its gunshot detection and drug sensing Pilot results at the Public Safety/Investment Seminar with a sales initiative to include a 30-day 'No-Cost' Trial of its AI Gunshot/ Drug Detection 'Integrated' Solution to members of the TXShare Cooperative. Wytec utilizes its previous experience applied at the Johnson Space Center in Houston, Texas, and the 62-story Fountain Place building in Dallas, Texas, which includes financial, medical, and educational facilities. For more information on Wytec's Public Safety/Investor Seminar, please call 888-284-4531 or email Samantha Guajardo at sguajardo@ About Wytec Wytec International, Inc. is a San Antonio, Texas-based telecommunications company with recently approved AI patent awards issued by the United States Trademark and Patent Office (USPTO) supporting its AI Gunshot Technology. Wytec is currently listed on the OTCQB Market under the symbol OTCQB:WYTC with plans to uplist to a major exchange by the end of 2025. To learn more about Wytec, visit or call us toll-free at 888-284-4531 or email Samantha Guajardo below.
Winnipeg Free Press
24-06-2025
- Politics
- Winnipeg Free Press
Manitoba collects only 17 per cent of monetary value of COVID-19 fines
The Manitoba government has collected just $1.6 million of the $9.5 million issued in COVID-19 fines, despite the threat people who violated pandemic restrictions would have to pay up. In total, 3,723 tickets worth $9,529,317 in fines were issued for violations of provincial and federal pandemic restrictions that limited gathering sizes, for example. As of May 31, $1,616,408 had been collected for tickets issued under the Provincial Offences Act for provincial statute offences, federal contraventions and municipal bylaw offences. More than half of the tickets have been dealt with or dismissed and 1,512 tickets were unpaid and sent to collection agencies. In April 2021, when Manitoba was averaging more than 150 COVID-19 deaths a day, then-Tory premier Brian Pallister promised that rule-breakers would pay a financial penalty. 'I will say to those folks: you will pay your fine, and if you do not, you will not be driving your car,' Pallister said after beefing up enforcement of pandemic rules intended to reduce the spread of COVID-19, including the threat to take driver's licences away. While the province dropped nearly all pandemic response restrictions in March 2022, those unpaid fines remain on the books. Manitoba Public Insurance said Tuesday the registrar of motor vehicles can refuse to issue or renew a driver's licence, vehicle registration or permit and refuse to accept payment on a person's driver's licence or vehicle registration if that customer has unpaid provincial fines. The Crown corporation spokesperson could not say how many licences or registrations have been refused specifically because of outstanding COVID-19 fines because MPI doesn't track the type of unpaid tickets. Patrick Allard, an outspoken violator of the public health orders, who was given seven years to pay his fines, said the province should forgive them and refund people who've already paid their tickets. Allard said the public mood has shifted and many moderate Manitobans now believe the orders were too stringent and had penalties that were too harsh. 'I think, now, we're far enough away from what was happening and the majority of people are looking at it in a different way,' Allard said Tuesday. 'They may realize that the government was too heavy-handed — ticketing people (for) going to church, as an example.' 'I will say to those folks: you will pay your fine, and if you do not, you will not be driving your car.'–Then-Tory premier Brian Pallister Allard was one of five Manitobans convicted of repeatedly violating public health orders intended to curb the spread of the virus. They organized, attended or spoke at anti-lockdown rallies in Winnipeg, Steinbach and Winkler — which was a breach of restrictions on outdoor gatherings — between November 2020 and May 2021. 'Just because you lose a court case doesn't mean you should just give up and sell the farm,' said Allard, whose fines total around $35,000 and are due in 2029. He called on the NDP government to declare an 'amnesty' on COVID-19 fines. 'I think it would be a small price to pay to turn the page.' Allard said the public health orders were deeply divisive and made a stressful time even worse. Now the fines are adding to financial pressure faced by many Manitobans, he said. 'I think it would be a small price to pay to turn the page.'–Patrick Allard Failing to comply with a public health emergency order in Manitoba, for example, resulted in fines of $1,296 for a first offence and $2,542 for subsequent offences for individuals and $5,000 for businesses. Failing to wear a mask in a public place netted fines of $298 for a first ticket and $486 for subsequent tickets. Violations of the federal statutes under the Quarantine Act included a $1,453 fine for failing to present oneself to a screening officer at the nearest entry point. Failing to comply with an order regarding a treatment or a measure to prevent the introduction and spread of a communicable disease netted a fine of $5,150. Allard said it's time for the provincial government to forgive them. 'People are looking back and saying 'maybe it was a little bit stupid, putting on a mask to walk into a restaurant just to sit down and take it off.' I think everybody — besides your hard-core holdouts — are looking back now and saying 'Yeah, that was kind of ridiculous',' he said. 'I don't think it would be a bad political move for the NDP to do this because I don't think they would lose any fans. They would gain some moderates,' said the aspiring politician who has vowed to run in the 2027 provincial election. Tuesdays A weekly look at politics close to home and around the world. In late 2023, the NDP was elected to government, replacing the Tories. On Tuesday, Justice Minister Matt Wiebe was not available for an interview to discuss COVID-19 fines. A spokesperson for the minister said the fines issued during the COVID-19 pandemic will not be forgiven. Of the 3,723 tickets issued, 2,129 were disposed because the ticket had been paid, or it was disputed and the court dismissed it, or a Crown attorney stayed proceedings. In total, 1,512 were not paid on time and were forwarded to collection agencies. Eighty-two are considered 'active,' where a defendant may be in a time-to-pay period following an admission or conviction. The legislation states that the amount of an unpaid fine for provincial offences or federal contraventions is a debt due to the government. Payments on fines as a result of collections activities may occur for months or years following a conviction. Carol SandersLegislature reporter Carol Sanders is a reporter at the Free Press legislature bureau. The former general assignment reporter and copy editor joined the paper in 1997. Read more about Carol. Every piece of reporting Carol produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
Yahoo
23-06-2025
- Business
- Yahoo
Q1 Earnings Outperformers: Sinclair (NASDAQ:SBGI) And The Rest Of The Traditional Media & Publishing Stocks
Let's dig into the relative performance of Sinclair (NASDAQ:SBGI) and its peers as we unravel the now-completed Q1 traditional media & publishing earnings season. The sector faces structural headwinds from declining linear TV viewership, shifts in advertising spend toward digital platforms, and ongoing challenges in monetizing print and broadcast content. However, for companies that invest wisely, tailwinds can include AI, the power of which can result in more personalized content creation and more detailed audience analysis. These can create a flywheel of success where one feeds into the other. Still there are outstanding questions around AI-generated content oversight, and the regulatory framework around this could evolve in unseen ways over the next few years. The 4 traditional media & publishing stocks we track reported a very strong Q1. As a group, revenues beat analysts' consensus estimates by 1.3% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 5% on average since the latest earnings results. With over 2,400 hours of local news produced weekly and 640 broadcast channels reaching millions of American homes, Sinclair (NASDAQ:SBGI) operates a network of 185 local television stations across 86 U.S. markets, producing news programming and distributing content from major networks. Sinclair reported revenues of $776 million, down 2.8% year on year. This print was in line with analysts' expectations, but overall, it was a mixed quarter for the company with full-year revenue guidance exceeding analysts' expectations but a significant miss of analysts' EPS estimates. "Sinclair delivered solid financial results in a challenging first quarter environment. Adjusted EBITDA exceeded the high-end of our guidance range and core advertising trends continue to be among the strongest in the industry, despite the macro-economic uncertainties and lack of visibility. We are seeing some signs of improvement in the pay TV ecosystem as consumers respond to innovative packaging," said Chris Ripley, Sinclair's President and Chief Executive Officer. The stock is down 13.7% since reporting and currently trades at $13.55. Read our full report on Sinclair here, it's free. Originally developed for World Expo '67 in Montreal as an innovative projection system, IMAX (NYSE:IMAX) provides proprietary large-format cinema technology and systems that deliver immersive movie experiences with enhanced image quality and sound. IMAX reported revenues of $86.67 million, up 9.5% year on year, outperforming analysts' expectations by 2.9%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates. IMAX achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 18.3% since reporting. It currently trades at $28.44. Is now the time to buy IMAX? Access our full analysis of the earnings results here, it's free. Following its 2023 acquisition of DISH Network, EchoStar (NASDAQ:SATS) provides satellite communications, pay-TV services, wireless networks, and broadband solutions across consumer and enterprise markets. EchoStar reported revenues of $3.87 billion, down 3.6% year on year, in line with analysts' expectations. Still, its results were good as it locked in an impressive beat of analysts' EPS estimates. EchoStar delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 9% since the results and currently trades at $26. Read our full analysis of EchoStar's results here. With roots dating back to 1807 when Charles Wiley opened a small printing shop in Manhattan, John Wiley & Sons (NYSE:WLY) is a global academic publisher that provides scientific journals, books, digital courseware, and knowledge solutions for researchers, students, and professionals. Wiley reported revenues of $442.6 million, down 5.5% year on year. This result surpassed analysts' expectations by 1.7%. Overall, it was an exceptional quarter as it also produced a solid beat of analysts' EPS estimates. Wiley had the slowest revenue growth among its peers. The stock is up 6.5% since reporting and currently trades at $43.38. Read our full, actionable report on Wiley here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
India Today
11-06-2025
- Business
- India Today
Delhi to become e‑waste recycling hub with India's first eco‑park. Know details
The Delhi government has unveiled plans to build India's first dedicated ewaste ecopark in Holambi Kalan. Spanning 11.4 acres, the facility will be developed under a public–private partnership (PPP) spanning 15 years, following a global tender led by the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC).The facility is designed to process up to 51,000 tonnes of ewaste annually, covering all 106 categories under the EWaste Management Rules an estimated Rs 350 crore revenue stream, construction is scheduled for completion in 18 months, aiming to manage 25 per cent of Delhi's ewaste volume within five years.A CURCULAR ECONOMY GAME-CHANGER India ranks as the world's thirdlargest generator of ewaste, producing over 1.6 million tonnes annually, with Delhi accounting for approximately 9.5 per cent of this recycling efforts remain largely informal; just 17.4 per cent of global ewaste is recycled, resulting in resource loss and environmental Holambi Kalan ecopark will usher in a safe, regulated, and hightech ecosystem, featuring distinct zones for dismantling, refurbishing, component testing, plastic recovery, and a secondhand electronics initiative supports Delhi's transition toward a circular economy, where endoflife devices are repurposed, raw materials recovered, and landfill dependency tender: DSIIDC will issue an RFQcumRFP to attract top greentech partnersConstruction timeline: Completion projected within 18 monthsConcession period: Operated under a DBFOT model for 15 yearsFunding: Total investment estimated at Rs 500 crore, with Rs 150 crore earmarked for setup and Rs 350 crore for operationsSUSTAINABILITY MEETS PUBLIC HEALTHadvertisementBy centralising ewaste processing and formalising operations, Delhi's ecopark will significantly reduce environmental pollution caused by informal toxins from crude ewaste handling contaminate air, soil, and water and pose serious health risks, especially to vulnerable groups like recovery of precious metals, copper, lithium, rare earths, will reduce import dependence and conserve natural only 17.4 per cent of electronic waste currently recycled worldwide, this ecopark aims to flip the script on inefficient waste disposal.
African Manager
20-05-2025
- Business
- African Manager
Tunisia: TELNET Group returns to profitability in 2024, with almost 10 million dinars profit
TELNET Holding Group has released its consolidated financial statements as of December 31, 2024, which will be submitted for approval at the Ordinary General Assembly meeting concerning the 2024 fiscal year. The statements reveal a net profit attributable to the Group of 9.5 million dinars, compared to a net loss of 3.9 million dinars in 2023. This improvement is primarily due to the reversal of a 10-million-dinar risk and contingency provision, which had been established at the end of 2023 following a customs audit. By the end of 2024, TELNET Group generated revenues of approximately 68.9 million dinars, up from 61 million dinars the previous year—marking a 13% increase. Of this total, 66 million dinars came from exports. Operating expenses decreased by 9%, dropping from 64.3 million dinars to 58.6 million dinars, including 45.3 million dinars in personnel costs. This reduction was driven by lower provisions allocated during the year. As a result, the operating result showed a surplus of 10.7 million dinars in 2024, compared to an operating deficit of 2.5 million dinars in 2023. At the individual company level, TELNET Holding's financial statements revealed a net profit of 6.3 million dinars, a significant improvement from the net loss of 3.5 million dinars recorded as of December 31, 2023.
