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MingZhu Logistics Agrees to Acquire Oxylus Global; Company Targeting Continued Aggressive Diversification and Growth Acceleration Strategy

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NEW YORK and SHENZHEN, China, May 31, 2024 /PRNewswire/ — MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has agreed to acquire Oxylus Global Inc (“Oxylus”)., as part of its continued aggressive business diversification and growth acceleration strategy. The closing of the all-stock acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to be completed by the end of calendar year 2024.

The Company noted the latest phase of its business diversification and growth acceleration strategy targets globally leading, transformational technologies, which it believes will serve as important building blocks in the ongoing modernization of the traditional logistics industry into a high-performance satellite and AI-based services platform, including intelligent logistics networks, precious metal exchanges and securitization to enable fintech services.

Oxylus has budgeted capital expenditures and investments to acquire and partner with, including but not limited to, technology and intellectual properties including satellite-based communication and IoT infrastructure, big data and artificial intelligence-powered laser communications platform physical internet platform, industrial financial platform, and technology and energy metal exchanges.  

Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu, commented, “Oxylus is fast becoming an industry leader with a proven track record, which is a testament to its strong vision, leadership, culture and execution. We are confident the addition of Oxylus’s robust and successful platform will accelerate our growth, while significantly expanding our future opportunities. We expect the acquisition will create significant value over the long-term for all shareholders.”

“The speed at which AI and new technologies are transforming industries globally is unprecedented. This is impacting virtually all facets of the global economy, from mining and procuring raw materials to manufacturing, distribution, sales and consumption. Companies that adopt and integrate these powerful new platforms and technologies can gain a critical competitive advantage through increased operating efficiencies, higher return on invested capital and increased success. Our management team realized the significance to both our long-term business and the evolving support our customers would need in this new world. We are fully committed to an aggressive business diversification and growth acceleration. We believe this path best positions the Company for long-term success.”

About Oxylus Global Inc.
Oxylus is a digital asset infrastructure service company deploying and operating the world’s first virtual Starlink and space-based supercomputing and optical communications network. Oxylus’s open and decentralized artificial intelligence computing supports customers worldwide through its AI-enabled, global satellite network, with multiple company-owned and operated satellite launch sites in strategically located geographies. With planned headquarters in Zug, Switzerland, Oxylus has regional offices and staff in Shanghai, Seoul and New York

About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit ir.szygmz.com.

Forward-Looking Statements
The statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company’s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China’s macroeconomic conditions, and the risks and assumptions disclosed in the Company’s reports provided to the CSRC (China Security Regulatory Commission). The potential acquisition involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including but not limited to statements about the potential benefits of the potential acquisition; the anticipated timing of closing of the potential acquisition (including failure to obtain necessary regulatory approvals) and the possibility that the potential acquisition does not close; risks related to the ability to realize the anticipated benefits of the potential acquisition, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the potential acquisition making it more difficult to maintain business and operational relationships; negative effects of announcing the potential acquisition or the consummation of the potential acquisition on the market price of our common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions related to the potential acquisition. For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company’s relevant SEC filings for additional factors that may affect the Company’s future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.

 

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SOURCE MingZhu Logistics Holdings Limited

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Protiviti Launches Protiviti AI Studio in Chicago: A New Center for Accelerated AI Innovation

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MENLO PARK, Calif., April 7, 2025 /PRNewswire/ — Global consulting firm Protiviti has launched its inaugural Protiviti AI Studio in Chicago, an inventive facility dedicated to empowering organizations to harness the transformative power of artificial intelligence (AI).  As AI continues to disrupt and transform core business operations, this innovative studio serves as a launchpad for enabling organizations to address a wide array of business challenges with AI.

The Protiviti AI Studio is an evolution and expansion of its AI Center of Excellence (COE) with a specific focus and commitment in Chicago.  The AI Studio in Chicago dedicates space and expert resources to help organizations co-create and explore AI’s potential for positive impact to our clients’ business and accelerate outcomes.

“Protiviti AI Studio focuses on accelerating AI innovation by addressing key challenges we have seen organizations encounter,” said Christine Livingston, global leader, AI practice at Protiviti. “Our studio uniquely centralizes key resources to enable organizations’ ability to rapidly envision, engage and unlock the transformative power of AI.”

Why It Matters: In an era where AI is reshaping industries, Protiviti AI Studio in Chicago moves clients from concept to execution with unprecedented speed and confidence.

Who We Are: Staffed by a team of skilled AI strategists, data engineers and developers, combined with domain-specific subject matter expertise from across the firm, the Protiviti AI Studio in Chicago provides clients with access to top-tier support and innovative, strategic AI-based solutions.

What We Do: The Protiviti AI Studio in Chicago offers a distinctive blend of resources and experience designed to help accelerate initial phases of AI adoption while exploring the latest AI capabilities from technology vendors. From conceptualization to execution, the Protiviti AI Studio in Chicago helps organizations:

Envision the Possibilities: From understanding what use cases to consider to showcasing leading-edge applications of AI, we bring a mix of ideation techniques, proprietary assets, dynamic assessments and interactive workshops to help spark new ideas, refine the best concepts, and explore the full potential of AI – dynamically aligned to your organization’s unique needs.

Experiment with Technology: Interactive demonstrations and functional prototypes bring AI concepts to life, affording a broad view of the array of AI-powered solutions. We work together with leading technology vendors to showcase the latest technologies, and rapidly and collaboratively prototype to see various AI capabilities in action.

Enable your People: Establishing a foundational understanding of AI and creating a shared vision is key to long-term success with AI. Our studio fosters hands-on training and enablement sessions to familiarize organizations with the capabilities through active learning and focuses the long-term vision on human-centered AI principles and solution designs.

Why Chicago?: Chicago was chosen as the location for the Protiviti AI Studio due to its central positioning both within the United States and since it represents one of Protiviti’s largest office locations. The city’s vibrant tech ecosystem and innovation landscape provide an ideal backdrop for fostering collaboration and creativity.  Chicago has also been home to one of Protiviti’s “iNNs”–one of three global innovation centers.

For more information about the Protiviti AI Studio in Chicago and its offerings, please visit Protiviti’s website.

About Protiviti 

Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Protiviti and its independent and locally owned member firms provide clients with consulting and managed solutions in finance, technology, operations, data, digital, legal, HR, risk and internal audit through a network of more than 90 offices in over 25 countries. 

Named to the Fortune 100 Best Companies to Work For® list for the 11th consecutive year, Protiviti Inc. has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti Inc. is a wholly owned subsidiary of Robert Half (NYSE: RHI). 

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SOURCE Protiviti

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Secure Ideas Achieves CREST Accreditation and CMMC Level 1 Compliance

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JACKSONVILLE, Fla., April 7, 2025 /PRNewswire/ — Secure Ideas, a premier provider of penetration testing and security consulting services, proudly announces its recent achievements of CREST accreditation and CMMC Level 1 compliance, reinforcing its commitment to delivering the highest standards of security assessment and regulatory compliance for its clients.

With these certifications, Secure Ideas strengthens its ability to deliver globally recognized, standards-based offensive security services, specializing in identifying vulnerabilities, exploiting weaknesses, and exposing gaps in critical systems.

CREST Accreditation: Excellence in Penetration Testing

Secure Ideas’ achievement of CREST (Council for Registered Ethical Security Testers) accreditation underscores its adherence to the highest legal, ethical, and technical standards in penetration testing. CREST-accredited organizations undergo rigorous evaluations of their business processes, security methodologies, and quality assurance frameworks.

As a CREST-certified penetration testing provider, Secure Ideas ensures that all penetration tests—whether network, web application, API, or physical security—are conducted following established best practices in scoping, reconnaissance, assessment, exploitation, and reporting. This certification provides clients with increased assurance that their security posture is being evaluated using proven methodologies by experienced professionals.

CMMC Level 1 Compliance: Protecting DoD Information

In addition to CREST certification, Secure Ideas has also achieved Cybersecurity Maturity Model Certification (CMMC) Level 1. Developed by the Department of Defense (DoD) to protect Federal Contract Information (FCI) and Controlled Unclassified Information (CUI), CMMC requires defense contractors and subcontractors to implement cybersecurity standards at progressively advanced levels.

CMMC Level 1 focuses on the basic safeguarding of FCI by ensuring compliance with 15 security requirements outlined in FAR clause 52.204-21. These requirements include essential practices such as:

Limiting access to authorized users.Protecting physical and digital access to information.Implementing secure configurations for devices and systems.

CMMC compliance has become a mandatory requirement for organizations working with the DoD. By achieving Level 1 compliance, Secure Ideas strengthens its position to support defense contractors and subcontractors in meeting their own compliance obligations.

Key Benefits for Clients:

Globally Recognized Standards: Testing and security services aligned with internationally recognized frameworks.Enhanced Security Assurance: CREST and CMMC compliance ensure robust protection of sensitive data.Regulatory Compliance Support: Certifications align with GDPR, ISO 27001, PCI DSS, and NIS Regulations, helping clients meet regulatory requirements.

About Secure Ideas

Secure Ideas is a leading provider of adversarial cybersecurity solutions and services, dedicated to helping businesses of all sizes protect their information and assets from cyber threats. With a team of experienced and skilled professionals, Secure Ideas offers innovative products and services designed to meet the unique security needs of organizations in a rapidly evolving digital landscape. For more information, users can visit secureideas.com.

Media Contact: COO | Andrew Kates | Secure Ideas | andrew@secureideas.com | +91-9049628046

Logo: https://mma.prnewswire.com/media/2659010/Secure_Ideas_Logo.jpg

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SOURCE Secure Ideas

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Large-scale study reveals true impact of ASU virtual reality initiative on national science education

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TEMPE, Ariz., April 7, 2025 /PRNewswire/ — A two-year study released today from Arizona State University reveals the potential impact of story-driven virtual reality (VR) learning experiences on university students.

More than 4,000 students taking VR biology courses enhanced through “Dreamscape Learn” showed marked improvement in academic outcomes, student satisfaction and lab grades in science courses, as well as increased engagement and retention among STEM majors.

“We believe this will have a tremendous impact on national STEM education and begin to help solve the critical need of producing the highly skilled science workforce of the future,” said Lisa Flesher, chief of Realm 4 initiatives at EdPlus and an ASU clinical assistant professor.

The study included pre- and post-class student surveys, interviews and classroom observations. Key findings included:

Regardless of demographic factors, all students performed well (average grade of “A” from 90.8% to 94.1%) on the Dreamscape Learn VR lab assignments.Students showed improved retention in STEM courses and were more likely to remain in STEM majors for at least a year after taking the course.On average, students improved their academic performance from VR, with a one-quarter letter grade improvement in their final course grade as they advanced from Bio 182 from Bio 181.Students also scored a one-quarter letter grade higher in more advanced biology majors’ 300-level courses.Students gave the VR experience the highest rating for satisfaction (5/5 scale) and immersive engagement.

“What we’re seeing is that immersive, emotionally engaging storylines in Dreamscape Learn help students think and feel like scientists,” said Annie Hale, who led the study as the executive director at EdPlus and clinical assistant professor in the College of Global Futures.

ASU’s groundbreaking effort to revolutionize biology education, called NeoBio, was among the big winners at the recent Edison Awards, a global celebration of game-changing innovation and leadership. To engage even more students, ASU has partnered with similarly minded K-12 schools and universities, reaching now more than 20,000 students in addition to the more than 25,000 ASU students who have experienced Dreamscape Learn.  

Next, Dreamscape Learn VR experiences will be expanded and implemented in several chemistry, sustainability, space exploration, engineering, business and humanities courses now underway.   

The study results will be discussed at a panel discussion during the annual ASU+GSV Summit in San Diego, California, at 1 p.m. PDT on Tuesday, April 8.

View original content to download multimedia:https://www.prnewswire.com/news-releases/large-scale-study-reveals-true-impact-of-asu-virtual-reality-initiative-on-national-science-education-302422235.html

SOURCE Arizona State University

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