NEW YORK, April 10, 2025 /PRNewswire/ — Paranovus Entertainment Technology Limited (“PAVS” or the “Company”), (NASDAQ: PAVS) announced today that it has received a letter from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 9, 2025 (the “Deficiency Letter”), notifying the Company that it is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(2) because it did not timely file its Form 6-K (the “Filing”) for the period ended September 30, 2024, reporting interim financial information for the six-month period there ended.

In accordance with Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Deficiency Letter to submit a plan to regain compliance with Nasdaq Listing Rules (the “Compliance Plan”). If Nasdaq accepts the Compliance Plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the Filing’s due date, or until September 29, 2025, to regain compliance. The Company intends either to file the required Filing or submit the Compliance Plan within the prescribed 60-day period.

The Deficiency Letter has no immediate impact on the listing of the Company’s Class A ordinary shares on the Nasdaq Capital Market.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About Paranovus Entertainment Technology Limited

Paranovus Entertainment Technology Ltd. focuses on the development of AI-powered entertainment products, including AI-driven games and applications, as well as TikTok-related e-commerce solutions through its subsidiary. The Company is committed to delivering immersive and engaging experiences through innovative AI and digital commerce platforms.

In March 2025, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a New York company that offers e-commerce solutions. As part of its strategic transformation, Paranovus has exited its legacy businesses, including the e-commerce, internet information, and advertising businesses in September 2023 and ceased its automobile sales business in July 2024.

For more information on our latest innovations and developments, visit https://www.pavs.ai/.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; the Company’s future acquisition opportunities; the Company’s ability to identify any acquisition opportunities that fit with our business strategies; the Company’s ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

View original content:https://www.prnewswire.com/news-releases/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information-302426093.html

SOURCE Paranovus Entertainment Technology Ltd.

SANTA CRUZ, Calif., April 10, 2025 /PRNewswire/ — West Coast Community Bank (WCCB) is pleased to announce Matthew March has joined as Executive Vice President and Chief Information Officer (CIO). March will lead the Bank’s technology strategy, enhance cybersecurity initiatives and oversee information systems and innovation efforts. He maintains his office at the Bank’s 75 River Street location in Santa Cruz, Calif.

March brings more than 25 years’ experience in financial services and technology sectors with deep expertise in strategic IT leadership, cybersecurity, regulatory compliance, digital transformation and innovation, and team leadership and development. His priority is enabling organizations to optimize operations, enhance IT governance and improve the client experience through leading-edge, secure technology solutions.

“We’re thrilled to have Matthew join the Bank,” said Krista Snelling, WCCB President and Chief Executive Officer. “He brings a deep knowledge of information technology, digital transformation and cybersecurity that will benefit our clients and support the security of our infrastructure and success of the Bank. He’s a welcome addition to the leadership team and we look forward to his contributions.”

“It is an honor to join West Coast Community Bank at such an exciting time in the Bank’s growth,” said March. “I look forward to bolstering the strength of the company’s technology infrastructure and driving digital enhancements. I share the Bank’s commitment to innovation, security and operational excellence, and I am eager to collaborate with our leadership team.”

March joins WCCB from Sunwest Bank, where he also served as Chief Information Officer. His extensive experience includes CIO roles at Pacific Premier Bank, Colony American Finance and Carrington Mortgage Holding, LLC, as well as the roles of Information Officer and Chief Administrative Officer at Banc of California.

In addition to his professional achievements, March has a strong record of community engagement. He served as Chair of the Carrington Charitable Foundation, supporting more than 100 charitable organizations nationwide. He also launched a technology mentoring initiative in partnership with the California Conservation Corps youth program in Los Angeles and spearheaded a donation program providing refurbished laptops and monitors to schools, Boys and Girls Clubs and other nonprofit organizations.

March studied Computer Science with a minor in Mathematics at California State University, Chico. He has also served as a volunteer adjunct professor at several community colleges in California. In addition to his academic and professional pursuits, March is a published author and frequent industry speaker, and he recently filed his second technology patent.

ABOUT WEST COAST COMMUNITY BANK 
Founded in 2004, West Coast Community Bank (formerly Santa Cruz County Bank and its division, 1st Capital Bank) is the wholly owned subsidiary of West Coast Community Bancorp, a bank holding company. The Bank is a top-rated, locally operated and full-service community bank headquartered in Santa Cruz, Calif. with branches in Aptos, Capitola, Cupertino, King City, Monterey, Salinas, San Luis Obispo, Santa Cruz, Scotts Valley and Watsonville. West Coast Community Bank is distinguished from “big banks” by its relationship-based service, problem-solving focus and direct access to decision makers. The Bank is a leading SBA lender in Santa Cruz County and Silicon Valley. As a full-service bank, West Coast Community Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, asset-based lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, West Coast Community Bank has supported regional well-being by actively participating in and donating to local nonprofit organizations. Visit wccb.com for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/west-coast-community-bank-hires-matthew-march-as-executive-vice-president-chief-information-officer-302426114.html

SOURCE West Coast Community Bank

BIRMINGHAM, Ala., April 10, 2025 /PRNewswire/ — Alabama Ophthalmology Associates (“AOA”) experienced a data security incident that involved personal and / or protected health information belonging to certain current and former patients and has provided notice of this incident to impacted individuals. AOA has sent notification of this incident to potentially impacted individuals and has provided resources to assist them.

On January 30, 2025, AOA became aware of unusual activity within its network environment. Upon discovery, AOA took steps to secure its network and engaged a leading, independent digital forensics and incident response firm to investigate what happened and whether any sensitive data may have been impacted. The investigation revealed certain personal / protected health information was accessed and acquired without authorization by an unknown actor between January 22 and January 30, 2025. AOA undertook a comprehensive review of the impacted data to identify the individuals and information involved, which concluded on March 19, 2025. AOA then took steps to provide notification as quickly as possible.

The potentially impacted information may have included names, addresses, dates of birth, driver’s license information, Social Security numbers, medical information, and health insurance information. Please note that not all data elements were affected for all individuals. AOA provided notice of this incident to potentially impacted individuals beginning on April 7, 2025.

AOA has established a toll-free call center to answer questions about the incident. The call center is available Monday through Friday from 8:00 a.m. to 8:00 p.m. Central Time (excluding major U.S. holidays) and can be reached at 1-877-280-2754. 

The privacy and protection of all personal and protected health information is a top priority for AOA, which deeply regrets any inconvenience or concern this may cause.

View original content:https://www.prnewswire.com/news-releases/alabama-ophthalmology-associates-provides-notice-following-data-security-incident-302426090.html

SOURCE Alabama Ophthalmology Associates