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GameAbove Sports Acquires Fourth Founding BIG3 Expansion Team

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Plans to base the team in Detroit for the 2025 season.

DETROIT, July 8, 2024 /PRNewswire/ — Today, GameAbove Sports, a sports-focused business development and strategic investment entity announces the purchase of the fourth BIG3 franchise with plans to base the team in Detroit representing the State of Michigan for the 2025 season. The GameAbove Sports ownership group led by Founder and Chairman Keith J. Stone consists of individuals with deep connections to the region and robust acumen in operations, business, basketball, and sports; including Detroit pro sports notables NBA Hall of Famer and BIG3 Coach George Gervin and two-time NFL Pro-Bowler and Super Bowl Champion T.J. Lang, as well as Joe Januszewski, Karen LeVert, Dan McClory, Skyler Stone, Corey Welch and co-founder of Born in Detroit apparel Anthony Tomey. Former NBA point guard Earl Boykins will also be involved with the organization.

“The entire team at GameAbove and I are thrilled to bring a BIG3 franchise to the Motor City,” said Gervin. “My experience as part of the BIG3 these past few seasons has shown me that the league is at the forefront of 3-on-3 basketball’s increasing growth and global traction. Detroit’s rich sports history makes it a fantastic market for the BIG3; get ready for next summer!”

This announcement follows the purchase of rights to the LA, Miami, and Houston BIG3 franchises earlier this year. The league is currently in the fifth week of the BIG3’s seventh season, which continues to tour nationwide and reach millions of fans across linear, streaming, and digital platforms.

“I am excited to finally announce the sale of our Detroit team to this amazing group of investors, entrepreneurs, and philanthropists,” said BIG3 CEO and co-founder, Ice Cube. “GameAbove Sports and its leadership represent the values of the BIG3 every day and have an exemplary community outreach infrastructure that will take the Young3 initiative to a new level. It’s been a privilege to work with George Gervin over the past few BIG3 seasons and I know what he means to the Detroit and Southeast Michigan community. I look forward to working together with GameAbove Sports to bring the vision of BIG3 Detroit to life next season.”

GameAbove Sports is a unique player in the sports business. It is backed by CapStone Holdings Inc., which provides robust support to invest capital into various franchises and leagues worldwide. The company is committed to expanding its investment portfolio by strategically investing in franchises and leagues globally, including well-known entities such as the NHL, NBL, MLS, USL, MLS Next, professional golf, product investments, and other emerging leagues. GameAbove Sports’ innovative and flexible investment approach focuses on acquiring minority and majority ownership positions in established franchises or leagues. The company aims to promote, invest in, and advance technology within the sports industry.

“We are very excited about the BIG3 and the momentum Ice Cube and Jeff Kwatinetz have established in the league,” said Stone. “Our philosophy at GameAbove Sports is to seek new and innovative ways to diversify our portfolio. The BIG3 presents a great opportunity for us to invest early in this emerging version of basketball. The ownership group and operational support are enthusiastic and ready. Detroit and the State of Michigan will be a leader in many ways for the league.”

GameAbove Sports’s decision to bring a BIG3 franchise to Detroit aligns perfectly with the brand’s existing presence in the region. In November 2019, Stone launched GameAbove as a philanthropic brand under CapStone Holdings Inc. He focused his giving efforts on his alma mater, Eastern Michigan University. Stone formed a philanthropic advisory board of 24 diverse, spirited, and accomplished EMU alums who shared his vision for the university’s success. Since its start, GameAbove has contributed millions to special causes and initiatives in Southeast Michigan, including social impact such as student emergency funds, combating food insecurities, mental health, youth STEM and literacy education, youth sports, and scholarships.

To learn more about the Ownership Group, visit www.big3detroitbasketball.com.

Visit GameAbove Sports at www.gameabovesports.com for all the latest news, updates, and exciting developments.

To learn more about the BIG3 go to big3.com and follow @thebig3 on X and Instagram. Tickets for the 2024 season are on sale now at big3.com/tickets/.

About BIG3
On January 11, 2017, the BIG3 was born. The first-ever professional FIREBALL3 league is the brainchild of producer, actor, and music legend Ice Cube and entertainment executive Jeff Kwatinetz, who shared a vision of a player-centric league focused on entertainment and innovation. The BIG3 is a league with no garbage minutes, where trash talk is allowed, defense is emphasized, fast-paced action, and where every point –whether it’s a 4-point or 3-point shot – counts. Any given BIG3 team has hall of famers, icons and trailblazers, and the next best 3-on-3 player.

The league has led the sports industry in diversity and opportunity, becoming the first professional sports league to implement a mental health policy, favor CBD as a pain management alternative to opioids, enlist female coaches of men, and appoint a black Commissioner in Hall of Famer Clyde Drexler, who is also professional sports first former player serving as Commissioner. The inaugural CEO was the legendary, incomparable Raider executive Amy Trask. This January 2024, BIG3 co-founder Ice Cube was honored at the Naismith Basketball Hall of Fame in Springfield, where he received the inaugural Ice Cube Impact Award, acknowledging individuals making substantial contributions to their community, the first non-player to be recognized. Founders Ice Cube and Jeffrey Kwatinetz are missioned to better society as BIG3 pursues business success while also helping to break down stereotypes, promote diversity in sports, create opportunities for black, brown, and female athletes beyond the court, and support the black, youth and basketball communities overall.

About GameAbove
GameAbove is a successful multifaceted brand consisting of charitable giving, capital investment, sports entertainment, and media ventures. It provides its portfolio companies the power to propel their business to the next level, fan and athlete experiences that aim to grow sports, and awe-inspiring cinematic experiences. Brands include GameAbove Capital, GameAbove Entertainment, GameAbove Sports, and GameAbove Giving. To learn more, visit www.gameabove.com.

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CXM Secures Strategic Regulatory License from UAE’s SCA

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CXM has secured a regulatory license from the UAE’s Securities and Commodities Authority, strengthening its global presence and commitment to fund security and integrity in the MENA region.

DUBAI, UAE, April 14, 2025 /PRNewswire-PRWeb/ — CXM, one of the largest B2B brokers in Asia, has successfully secured a prestigious regulatory license from the Securities and Commodities Authority (SCA) of the United Arab Emirates. This significant achievement enhances CXM’s global regulatory footprint and reinforces its commitment to the highest standards of fund security and business integrity.

The SCA license marks a major milestone in CXM’s mission to offer secure and reliable trading solutions across multiple regions. This recognition strengthens CXM’s position as a leading player in the financial services industry and underscores the company’s dedication to providing top-tier services backed by internationally recognized regulatory frameworks.

Bassel Harakeh, CEO of CXM MENA, stated:

“This license from the Securities and Commodities Authority marks a major step in CXM’s global expansion. It highlights our commitment to top-tier security and compliance, strengthening the trust our clients have in us. We’re excited to continue growing in the region and deliver even more value to our customers. In the near future, we are working on several exciting projects aimed at penetrating all markets and further enhancing our global presence.”

With this new development, CXM enhances its regulatory standing in the UAE, a key financial hub in the Middle East, further solidifying its presence in the MENA region.

The UAE license complements CXM’s existing global regulatory licenses and highlights the company’s strategic growth as a leading global broker, offering a comprehensive suite of services tailored to all traders.

About CXM

CXM is one of Asia’s largest B2B brokers and a global leader in financial derivatives.

Established in 2015, the company provides a wide range of services to institutional & retail clients worldwide, with over 10 offices and handling more than 1,000,000 daily trades across 50+ countries. As a globally regulated firm, CXM offers a diverse selection of products across various asset classes, including Forex, Metals, Energies, Shares, Indices, and ETFs. For more information, visit CXM’s website.

Media Contact

Danny Salman, CXM, 971 44991200, danny.s@cxm.com, www.cxm.com

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SOURCE CXM

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Nomentia Unveils AI Cash Flow Forecasting for Accurate & Predictive Insights

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HELSINKI, April 14, 2025 /PRNewswire/ — Nomentia, a European leader in treasury and cash management solutions, announces an enhancement to their existing cash flow forecasting solutions with powerful AI features. This upgrade accelerates implementation while delivering with more advanced and precise forecasting for businesses.

As businesses have increased demand for boosting efficiency with AI-driven solutions, treasurers and finance professionals are also looking for treasury management solutions equipped with AI to elevate their performance. AI provides exceptional power for data processing and the technology could enable treasury and finance teams to achieve more accurate, real-time financial insights for proactive risk management.

Accurate cash flow forecasting has always depended on data quality and analytical rigor, but traditional methods struggle with volatility and rapid market shifts. AI transforms this process by automatically detecting and correcting anomalies, accounting for seasonal patterns to minimize forecasting errors. With real-time data synchronization in one single platform, eliminating data siloes and outdated projections, AI-powered cash flow forecasting supports businesses to move beyond reactive planning and adopt a proactive financial strategy.

At Nomentia, predictive analytics for cash flow forecasting has been researched, implemented and perfected for years alongside with industry-leading clients. This has enabled us to bring the highest performing AI forecasting model specifically built for treasurers. The upgrade also includes improvement in implementation, allowing users to quickly access and leverage AI-driven cash flow forecasting.

Jukka Sallinen, Chief Executive Officer at Nomentia, expressed enthusiasm for the new milestone: “For years, we’ve worked alongside our clients to refine AI-driven cash flow forecasting, ensuring it meets the real-world challenges of modern treasury teams. With the power of AI, cash flow forecasting is not just a necessity, but a strategic advantage.”

With AI-powered forecasting, businesses can reduce uncertainty, optimize liquidity and make more confident financial decisions. In today’s rapidly changing markets, staying ahead means leveraging technology that not only predicts cash flow but also continuously adapts to new challenges – ensuring long-term financial stability and growth.

Hubert Rappold, Senior Treasury Expert at Nomentia, shared his perspective: “AI is revolutionizing cash flow forecasting by eliminating blind spots and providing real-time, data-driven insights. Instead of relying on static models, treasury teams can now adapt dynamically to market shifts, improving liquidity management and financial resilience.”

With AI-driven cash flow forecasting, Nomentia aims to equip businesses with highly accurate predictions and enhanced operational efficiency, enabling treasurers to make faster and better financial decisions.

For media inquiries, please contact:
Vy Dang
Senior Marketing Manager
vy.dang@nomentia.com
+358503693834

This information was brought to you by Cision http://news.cision.com

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ZWSOFT Showcased Latest CAD/CAE/CAM Innovations at Hannover Messe 2025

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GUANGZHOU, China, April 14, 2025 /PRNewswire/ — ZWSOFT, a trusted provider of all-in-one CAx solutions, marked a significant presence at Hannover Messe 2025, the world’s most important industrial trade fair, showcasing its latest integrated CAD/CAE/CAM solutions and connecting with industry professionals from around the world.

Integrated CAx Solutions Empowering Sustainable Innovation

At this year’s event, ZWSOFT showcased the latest innovations in its CAD/CAE/CAM solutions, demonstrating how they facilitate digital transformation and empower sustainable innovation across various industries.

Leveraging core technologies such as the Overdrive geometric kernel, ZGS constraint engine, and IPX data conversion engine, ZWSOFT has developed an all-in-one product matrix. Integrated solutions like “ZWCAD+ZW3D” and “ZW3D CAD+CAM” help businesses bridge data gaps, reduce manual work, and ensure high precision. This integrated approach enables a parallel development process that streamlines design to manufacturing.

ZWSOFT also highlighted its advanced CAE capabilities with showcase of particle dynamics simulation software, ZWSim DEM, and Computational Fluid Dynamics software, PHOENICS. These technologies provide real-time simulation and validation, covering from equipment design to process optimization. By enabling engineers to refine designs and identify potential risks early, these tools help businesses reduce costs and improve equipment lifespan.

“ZWSOFT’s integrated CAx solutions, by combining design, simulation, and manufacturing, help enterprises break down data silos and achieve seamless collaboration throughout the entire process. This significantly enhances R&D efficiency and shortens time to market, empowering sustainable innovation,” noted Qideng Hu, Chief Technology Officer of ZW3D.

Industry-Proven Solutions Driving Business Success

In addition to live demonstrations of its CAx solutions, ZWSOFT hosted a series of expert-led presentations, spotlighting case studies that highlight the application of its solutions across consumer electronics, machinery, and power industries. One notable presentation on WELLTEC, a leader in the injection molding industry, demonstrated how ZW3D’s all-in-one solution significantly streamlined their design and machining processes, enhancing production efficiency and advancing their digital transformation journey.

Another key presentation featured XJ Electric, a global leader in the power industry, showcasing how ZWSOFT’s solutions optimize electrical cabinet design. Utilizing ZW3D’s IPX engine, XJ Electric revitalizes historical data assets, facilitating technological inheritance and innovation with one-click data import.

These presentations not only demonstrated ZWSOFT’s robust CAx solutions in supporting diverse sectors but also solidified its reputation as a trusted partner for industry professionals looking to improve efficiency and embrace digital advancements.

Strengthening Connections with Global Industry Professionals

At this prominent global industrial platform, the ZWSOFT team connected with partners, customers, and industry professionals worldwide, fostering inspiring conversations that went beyond the exhibition. “Our collaboration with ZWSOFT at Hannover Messe has proven invaluable. Their preparation and innovative solutions are truly amazing,” said a member from Encee GmbH, ZWSOFT’s German partner.

These connections with industry leaders provided ZWSOFT with valuable insights into emerging trends and industry needs. As Hannover Messe 2025 concluded, ZWSOFT reaffirmed its dedication to empowering sustainable innovation with its all-in-one CAx solutions, contributing to a more sustainable industrial future.

For more information about ZWSOFT and its solutions, please visit www.zwsoft.com

About ZWSOFT

Since 1998, ZWSOFT’s all-in-one CAx (CAD/CAE/CAM) solutions have helped professionals bridge the gap between concept and creation. By uniting design, simulation, and manufacturing in one integrated platform, we empower architects, engineers, and designers to streamline complex projects at a fair price. This approach accelerates development cycles and minimizes costs without compromising quality.

Over 1.4 million users in 90+ countries—including 149 Fortune 500 corporations—trust ZWSOFT’s 25+ years of expertise to drive innovation. Whether it’s pioneering product design in manufacturing or delivering advanced solutions in the AEC sector, we remain dedicated to turning ambitious ideas into reality and empowering sustainable innovation worldwide.

 

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SOURCE ZWSOFT CO., LTD.

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