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SOS Announces Plans to Strengthen Global Crypto Investment Strategy and Purchase up to $50 Million Worth of Bitcoin

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — SOS Ltd., a multifaceted company that engages in the blockchain, cryptocurrency operations and commodity trading, today announced the Board of Directors approved its plan to invest $50 million to purchase Bitcoin (BTC). This initiative underscores SOS’s commitment to advancing its blockchain business and solidifies the Company’s long-term belief in Bitcoin‘s role as a store of value and a strategic asset.  

The purchase plan comes as Bitcoin reaches historic highs and continues to capture global investors’ interest. According to the latest market data, Bitcoin‘s price has soared to around $93,000 per coin, with projections suggesting it may surpass the $100,000 milestone by year-end. SOS’s investment strategy aligns closely with the positive momentum in the cryptocurrency market, including a more favorable U.S. policy environment toward digital assets and growing institutional support for Bitcoin.

To maximize returns and mitigate market volatility, SOS plans to employ a variety of quantitative trading strategies, including investing, trading and arbitrage strategies.

These strategies are designed to achieve steady returns in the market environment while optimizing the Company’s investment portfolio over time. 

This move highlights SOS Ltd. efforts to expand digital asset investments. SOS believes Bitcoin is not only a cornerstone of the digital asset ecosystem but also has the potential to become a key global strategic reserve asset. The company remains committed to delivering long-term value to its shareholders and investors through continued investment and technological innovation.

Yandai Wang, Chairman and CEO of SOS, commented, “Bitcoin market performance is robust and supported by positive developments such as the launch of several Bitcoin-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets. We believe this investment plan will further enhance the Company’s overall competitiveness and profitability in the digital asset investment sector.” 

About SOS Limited

SOS is a multifaceted company that engages in the blockchain, cryptocurrency operations and commodity trading. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. Since April 2021, we have carried out commodity transactions through our subsidiary SOS International Trading Co., Ltd. (the core infrastructure of SOS marketing data). The technologies and solutions of insurance and emergency rescue services are based on big data, blockchain based technology, cloud computing, artificial intelligence, satellite and 5G network. SOS has created a cloud “software as a service (SaaS)” platform for emergency rescue services. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. For more information, visit: http://www.sosyun.com/.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words. Specifically, forward-looking statements may include statements related to the following matters of the company:

Ability to implement its business plan;

Changes in SOS product and service market; and

Expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

Local government’s policies and regulatory oversight of crypto currency mining operation and our other operations;SOS’s blockchain and super-computing, commodity trading and marketing solutions businesses are still under development, with many uncertainties in the future direction and integration of these various business segments;Failure to manage the newly launched commodities trading business effectively;Loss of key customers in the commodity trading business;Failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our demand for SOS’s mining activities;Any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation;Security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; uncertainty in global supply chain and international shipping; andOther risks and uncertainties indicated in SOS’s SEC reports or documents filed or to be filed with the SEC by SOS.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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SOURCE SOS Ltd.

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Smoke Grenade Size to Hit $456.46 Million, Globally at 5.5% CAGR by 2031 – Exclusive Report by The Insight Partners

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — The global smoke grenade market is set for explosive growth, with projections indicating a surge to $456.46 million by 2031. This remarkable expansion, driven by the growing adoption of handheld multi-shot grenade launcher as well as a requirement for the development of eco-friendly smoke grenades and the boosting governmental initiatives towards research & development activities for designing lightweight smoke grenade is creating opportunities for the smoke grenade market in the coming years.

According to a new comprehensive report from The Insight Partners, “the global Smoke Grenade Market Size and Forecast (2023 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Burst Smoke, Micro Smoke, Wire Pull Smoke, Others); Application (Signaling, Screening and Obscuring, Riot Control); End-User (Military and Defence, Law Enforcement), and Geography”. For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/smoke-grenade-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. Types of smoke grenade include hand operated and launcher operated. Smoke grenade manufacturers procure specific grades of materials from raw material supplier and process further to develop the final product.

Asia Pacific is projected to register a CAGR of 5.5% from 2023 to 2031. The market growth can be attributed to the rise in demand for smoke grenades in applications such as signaling, helicopter landing zone creation, screening, riot control, obscuring, and other commercial applications. In addition, the key factors driving the smoke grenade market growth include the growing demand from ground-to-air signaling, increasing military expenditure, and growing utilization of smoke grenades in commercial applications such as photoshoots, movie production, sports events, cultural events,

For More Information and To Stay Updated on The Latest Developments in The Smoke Grenade Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00006214/

Market Overview and Growth Trajectory:

Smoke Grenade Market Growth: The smoke grenade market size is projected to reach US$ 456.46 million by 2031 from US$ 297.24 million in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. The rise in demand for signaling applications, specifically for ground-to-air signaling, is one of the major factors driving the growth of the smoke grenade market across different regions. This is further fueled by the need for smoke signaling in search and rescue operations. The longer operational capability of smoke grenades provides suitable capability to the search and rescue teams to provide operational support for their respective operations at remote or urban locations. Helicopters, vertical take-off and landing (VTOL) aircraft, and parachuting applications require signaling for which smoke grenades are used. The rising number of aircraft and VTOL aircraft operations, propelled by the increasing fleets of helicopters and VTOL aircraft, is generating the need for more volumes of smoke signals, further propelling the growth of the smoke grenade market across different regions.

Rising Global Military Expenditure: The defense budget allocation supports army and military forces to procure advanced technologies and equipment from domestic or international developers. There is an increase in military and army vehicle upgrades owing to the growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments’ focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments/ammunitions, and vehicles, among others; hence, military forces worldwide are focusing on investing significant amounts in procuring pyrotechnic munitions and other less lethal products. Defense forces’ constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide.

Rise in Commercial Applications: The rise in commercial applications of smoke grenade products is expected to bring another significant trend in the smoke grenade market. The increasing use of smoke grenades in photography, amateur filming, movie shoots, weddings, and other occasions propels the adoption of smoke grenades for multiple commercial applications. Another major commercial application of smoke grenade is paintball gaming arenas, which involve several non-lethal weapons and ammunition to provide a lifelike simulation for the players. Further, commercial security forces use smoke grenade cartridges to control an emergency, provide security to VIPs, or handle emergency crowd/riot control situations. Such factors have been pushing the growth of smoke grenade market for commercial applications.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Smoke Grenade Market Segmentation, Applications, Geographical Insights:

Based on type, the smoke grenade market is classified into hand-operated and launcher-operated. The hand-operated segment held the largest share of the market in 2023.

Based on application, the smoke grenade market is categorized into signaling, screening and obscuring, riot control, and others. The signaling segment dominated the market in 2023.

Based on end user, the market is categorized into military & law enforcement and commercial. The military and law enforcement segment held a larger share of the market in 2023.

Key Players and Competitive Landscape:

The Smoke Grenade Market is characterized by the presence of several major players, including:

ArsenalRheinmetall AGHFI PyrotechnicsChemring Group PlcCONDOR TECNOLOGIAS NÃO LETAISNammo ASNonLethal Technologies IncCentanex Ltd3rd Light LimitedWescom Group

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Purchase Premium Copy of Global Smoke Grenade Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00006214 /

Smoke Grenade Market Recent Developments and Innovations:

“Wescom Group announced the acquisition of PW Defence Ltd.””Wescom Group acquired Nottingham-based chemical detection technology company KeTech Defence Ltd.””EDGE and CONDOR Forged Partnership to Drive Growth in Non-Lethal Solutions”

Conclusion:

With projected growth to $456.46 million by 2031, the Smoke Grenade Market represents a significant opportunity for component, provides several stakeholders—including raw material providers, manufacturers, suppliers & distributors, and end users—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

Related Report Titles:

Smart Smoke Detectors Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity AnalysisLow Smoke Halogen Free Cable Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2031Smoke Detector Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis 

About Us:       
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876

Logo: https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg

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JEGI CLARITY Notes Increased M&A Activity within Digital Marketing Services

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — M&A activity in digital marketing services is accelerating, as anticipated by JEGI CLARITY in July. Over the past two quarters, deal volume exceeded the quarterly average of 300 transactions over the last 7 years.

Notable deals, such as ECI’s acquisition of Croud, highlight this trend. Looking ahead, we expect 2024 M&A levels to align with 2023, following the record-breaking momentum of 2021 and 2022.

PRIVATE EQUITY HAS AN ACTIVE ROLE IN DRIVING SECTOR CONSOLIDATION
PE represented 32% of YTD M&A activity in digital marketing services. Key attractions for investors include the market’s impressive growth prospects – with the market projected to increase from £4.3bn in 2023 to £14bn by 2032 (CAGR of 14%).

SCALE AND EXPOSURE TO TIER 1 MARKETS ARE KEY VALUE DRIVERS IN DIGITAL MARKETING SERVICES M&A
Valuations are influenced by several factors:

Differentiated Proposition: Agencies with scalable, Tech and AI-driven, or specialized services command higher valuations.Scale: Our data suggests that size matters when it comes to valuation, with larger assets, EBITDA over £12.5m, trading at a median multiple of 16.5x, while smaller assets, EBITDA between £4m and £7.5m, trade at a median of 10.8x.U.S. Revenue Exposure: Higher U.S. revenue draws N. American PE interest (directionally >25% of revenues), creating competitive tension, in turn driving valuations.Strong Financial KPIs: attractive revenue growth, healthy margins, and strong client retention are critical for driving valuation multiples.Evidence of Integration in Buy-and-Build: For companies following a buy-and-build strategy, successful integration of acquisitions is a key value driver.

M&A GROWTH TO BE DRIVEN BY ECONOMIC RECOVERY, PE EXIT AND DEMAND FOR SPECIALIST SKILLS
PE funds will likely continue deploying capital and exits will accelerate considering current hold periods. On the trade side, large agencies, driven by client demand, are likely to continue acquiring digital capabilities that are difficult to build internally.

Over the next 18 months, several PE-backed digital marketing groups, held for over four years, will likely come to market. We foresee consolidation among large PE-backed platforms across Europe, as agencies look to broaden geographic reach.

To access the full report, click here.  

ABOUT JEGI CLARITY
JEGI CLARITY is a pre-eminent M&A advisory firm for the media, marketing, information and technology industries. With a global reach from New York, London, Boston, and Sydney, we have closed more than 800 transactions during our 35+ year history. For more information, visit www.jegiclarity.com

Contact:
Kelsey Kovachik
Vice President of Marketing
+1 212 754 0710
kkovachik@jegiclarity-us.com
www.jegiclarity.com/

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SOURCE JEGI CLARITY

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ATN acquires exclusive Broadcast rights for New Zealand Cricket for 3 years

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TORONTO, Nov. 27, 2024 /CNW/ – Asian Television Network International Limited (ATN) (TSXV: SAT), Canada’s largest South Asian broadcaster and pioneer broadcaster of Cricket, is pleased to announce that is has acquired and renewed the Broadcast rights for New Zealand Cricket for 3 more years exclusively for Canada.

ATN will have the exclusive Canadian rights for all home matches, including international games featuring the BLACKCAPS (men’s team) and the WHITE FERNS (women’s team), as well as domestic competitions like the Super Smash. New Zealand Cricket’s 2024-25 home season features a busy and competitive schedule, with series against England, Sri Lanka, and Pakistan across multiple formats. During the 2025–26 & 2026-27 seasons, New Zealand has a packed home cricket schedule featuring series against Australia, England, West Indies, South Africa, India and Sri Lanka.

With over 120 days of International Cricket, all games will be aired LIVE on 2 popular sports channels namely CBN and ATN Cricket Plus and both channels are available nationally on various Cable and Satellite platforms across Canada.

“We are thrilled to announce the renewal of the exclusive broadcast rights for New Zealand cricket for another 3 years. This partnership underscores our commitment to delivering world-class sports entertainment to fans across Canada “said Dr. Shan Chandrasekar, President and CEO of ATN. “We look forward to bringing the excitement of New Zealand cricket LIVE to all the passionate Canadian fans, ensuring they never miss a moment of the action “he added

New Zealand known as one of the world’s top cricketing nations, boasts a rich history in the sport and a reputation for producing disciplined and innovative cricketers like Kane Williamson (regarded as one of the best batsman in the world), Trent Boult & Tim Southee (A formidable pace bowling duo), Devon Conway, Tom Latham, and Mitchell Santner (Key contributors across formats)

A long-time broadcaster of international cricket, ATN was the first to bring the World Cup of Cricket live via satellite to Canada in 1986. 

About ATN-Asian Television Network International Limited

ATN serves Canada’s diverse cultural communities with over 50 specialty television channels. The Company offers its flagship ATN-HD general interest service along with 7 other general interest channels, 3 sports Channels, 7 news Channels, 5 Bollywood movie channels and a variety of channels that include music, lifestyle, and several regional language channels that includes Punjabi, Tamil, Bengali, Urdu, Gujarati & Marathi. ATN has been a pioneer in the Production of Multicultural Television Programming in Canada. ATN has programming alliances with leading international broadcasters like Sony Entertainment Television, Disney/Reliance- Star, Viacom/ India Cast, CNN News 18, Zee Network, Doordarshan, Times Television, B4U, NDTV (Good Times), Republic TV, ABP News Network, Jaya TV, ARY, FOOD FOOD Network and many more. ATN is also a pioneer broadcaster of Cricket in Canada and has exclusive broadcast rights for various International Cricket Boards. ATN has its own State Of The Art Production facilities. ATN’s content is also available on Amazon Prime in USA & UK, Bell Media’s Crave in Canada and also operates a 24X7 South Asian Radio Service on Sirius XM Radio across The United States and Canada. ATN’s high class Studio Facilities have also been used by Production Companies associated with Netflix, CBC and others.

For more information on ATN please visit www.asiantelevision.com

SOURCE Asian Television Network International Limited

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