Market Newsdesk

Former pet industry executive with more than 20 years of experience across retail, pet, healthcare, and private equity

Third independent director to join the Board since 2024

Longtime board member and former Chairman Dr. Gian Fulgoni will retire

DELRAY BEACH, Fla., April 09, 2025 (GLOBE NEWSWIRE) — PetMed Express, Inc., parent company of PetMeds and PetCareRx, (Nasdaq: PETS) (the “Company”) today announced the appointment of Peter Batushansky to the Company’s Board of Directors (“the Board”), effective April 09, 2025. Mr. Batushansky is currently a Partner at L2 Capital Partners and brings to the Board more than 20 years of experience across retail, pet, healthcare and private equity, including executive leadership roles at WebEyeCare and Allivet. Dr. Gian Fulgoni, longtime board member and former Chairman, has communicated his intention to retire from the Board when his term expires at the 2025 annual shareholders’ meeting.

“We are thrilled to welcome Peter to the Board of Directors,” said Leslie C. G. Campbell, Chairman of the Board. “His strategic vision and extensive leadership experience will bring invaluable perspective as we execute our transformation plan and drive shareholder value creation. Peter’s proven ability scaling businesses in retail, pet and healthcare aligns with our ambitions, and his skills complement and expand on those of the rest of the Board. We also want to take this opportunity to recognize and thank our colleague Gian Fulgoni for his dedicated service as a Board member and former Chairman, and we look forward to working with him closely through the remainder of his current term.”

Mr. Batushansky’s appointment adds incremental talent to the Board, underscoring the continued commitment to recruit new independent and highly qualified directors whose experiences and skillsets support the Company’s transformation strategy to deliver long-term shareholder returns. The appointment of Ms. Campbell as Chairman of the Board in Q4 2024 and Ms. Campos’ appointment as the Company’s new CEO and President in Q1 2025 signaled the start of this leadership transformation, followed by key hires in the roles of Chief Financial Officer, Chief Accounting Officer, Chief Operating Officer, and Chief Digital and Technology Officer. Justin Mennen and Leah Solivan joined the Board during Q2 2025. With the appointment of Mr. Batushansky, the Board will be comprised of seven highly qualified and experienced directors, six of whom are independent, and three of whom have been added since 2024.

Sandra Campos, President and CEO commented, “Peter brings not only deep industry expertise and an exceptional track record in e-commerce, but also the mindset of a founder—practical, visionary, and deeply committed. His alignment with our mission and values is clear, and we’re genuinely excited to welcome him to the Board. We look forward to the perspective and energy he’ll bring as we continue to move our value creation strategy forward.”

“It’s exciting to join the Board at such a pivotal time in the Company’s history,” said Mr. Batushansky. “PetMeds is well-positioned to capitalize on its strong heritage as a pioneer in online pet pharmacy to significantly expand its business across the broader pet wellness ecosystem. I look forward to working closely with my fellow directors and this talented, passionate management team to shape and execute a successful strategy to drive growth, profitability, and shareholder value.”

Ms. Campbell added, “The appointment of Peter Batushansky to our Board, as well as the recent appointments of Justin Mennen and Leah Solivan, are the result of our strong ongoing focus on strategic board composition and refreshment, aligning the Board’s skillsets with the oversight needed to drive shareholder value.”

About Peter Batushansky

Mr. Batushansky has more than 20 years of experience across multiple industries including retail, pet, healthcare, and private equity. He has extensive experience in senior leadership roles, including as the former Chief Executive Officer of Allivet, a retailer of pet healthcare products from 2017-2021, and was the Chief Executive Officer of WebEyeCare, a retailer of optical products from 2010-2016.

Currently, Mr. Batushansky is a Partner at L2 Capital Partners, a Pennsylvania-based private equity firm where he serves as a board member and advisor across portfolio companies. Mr. Batushansky prior private equity experience includes roles at Milestone Partners and Roark Capital. He holds a B.A. from Temple University in Philadelphia, Pennsylvania.

About

PetMed Express, Inc.

Founded in 1996, PetMeds is a leader in the consumer pet healthcare sector. As a national online retailer with expert pharmacists and licenses across fifty states, PetMeds.com and PetCareRx.com deliver top branded pharmaceuticals, generics, compounded prescription medications and OTC supplements and vitamins that help pets live longer, healthier lives. The Company strives to offer unparalleled value and convenience that enhance wellness and longevity for dogs, cats, and horses. PetMeds and PetCareRx provide essential pet health offerings through their websites, www.PetMeds.com and www.PetCareRx.com.

Forward Looking Statement

This press release may contain “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve a number of risks and uncertainties, including the Company’s ability to meet the objectives included in its business plan. Important factors that could cause results to differ materially from those indicated by such forward-looking statements are set forth in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in the Company’s Annual Report on Form 10-K for the year ended March 31, 2024, filed on June 14, 2024. The Company’s future results may also be impacted by other risk factors listed from time to time in the Company’s filings with the Securities and Exchange Commission, including, but not limited to, the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and periodic filings on Form 8-K. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release and should not be relied upon as representing the Company’s views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements, other than as may be required by law. If the Company does update one or more forward-looking statements, no inference should be made that the Company will make additional updates with respect to those or other forward-looking statements.

Investor Contact:

ICR, LLC
John Mills
(646) 277-1254

Reed Anderson
(646) 277-1260
[email protected]

Vancouver, British Columbia and West Palm Beach, FL, April 09, 2025 (GLOBE NEWSWIRE) — AgriForce Growing Systems Ltd. (“AgriForce” or the “Company”) (NASDAQ: AGRI), an innovative ag-tech and digital infrastructure company, is pleased to announce the successful completion of optimization and full operational deployment at its Bitcoin mining facility in Sturgeon, Alberta, Canada.

As of today, the facility is operating at full designed capacity with a robust lineup of industry-leading ASIC miners, including:

• 81 Bitmain S19k Pro 120T Antminers
• 50 Bitmain S21 XP 270T Antminers
• 120 Bitmain S19j Pro 100T Antminers
  

The facility now delivers an estimated total hash rate of 35.22 PH/s (petahashes per second), calculated as follows:

• 81 x 120 TH/s = 9.72 PH/s
• 50 x 270 TH/s = 13.50 PH/s
• 120 x 100 TH/s = 12.00 PH/s

This diversified fleet of high-performance miners positions AgriForce at the forefront of digital asset infrastructure development, leveraging cutting-edge technology and energy-efficient operations to deliver strong, sustainable returns.

“This milestone marks a significant leap forward for AgriForce as we continue to integrate high-efficiency Bitcoin mining into our broader portfolio,” said Jolie Kahn, CEO of AgriForce Growing Systems. “The completion of optimization at our Sturgeon site enhances our hashpower, improves our cost structure, and advances our strategic goal of building a vertically integrated digital infrastructure platform. We’re deeply grateful to our EPCM partner for their commitment to timely delivery and quality execution. As we further our agricultural pursuits, we also look forward to unveiling our initial agricultural colocation project.”

The Sturgeon facility forms a cornerstone of AgriForce’s digital asset strategy, combining reliable energy infrastructure, strategic geographic location, and advanced mining technology to support scalable growth in 2025 and beyond.

About AgriFORCE Growing Systems Ltd.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a forward-thinking technology company dedicated to solving critical challenges in agriculture, sustainability, and environmental stewardship. By leveraging advanced technologies and innovative business models, AgriFORCE aims to deliver value for shareholders while creating lasting benefits for communities and ecosystems.

Follow AgriFORCE on Social Media:

• X: @agriforcegs
• Facebook: AgriFORCE Growing Systems Ltd.
• LinkedIn: AgriFORCE Growing Systems Ltd.

Forward-Looking Statements

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Period Reports on Forms 10-K and 10-Q, as may be supplemented or amended by the Company’s Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

For more information, visit www.agriforcegs.com.

For Further Information, Please Contact: Investor Relations, 1-561-717-1742

NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced an expanded global partnership with Samsung Ads, the advanced advertising division of Samsung Electronics. From 2023 to 2024, Samsung Ads saw double-digit percentage gross revenue growth on the Magnite Streaming SSP as a result of their successful collaboration.

To bolster audience addressability in streaming, Samsung Ads will leverage the Magnite Access product to better manage behavioral audience data across Magnite platforms. Magnite Access helps media owners like Samsung Ads increase the volume of targeted impressions in Magnite’s exchanges and drive higher CPMs and revenue.

The partnership expansion follows closely on the heels of Samsung’s continued success in the US and globally. Samsung Ads has cultivated the largest single source of TV data in the US market attained with user consent. Samsung TV Plus, Samsung’s free ad-supported TV (FAST) and on-demand (AVOD) service, has 88 million monthly active users and recently launched in Singapore, the Philippines, and Thailand, with Magnite facilitating programmatic access to this inventory for the first time in the region.

“Alongside the rapid growth of our ads business, Magnite has been an instrumental partner helping us build custom technology to improve our programmatic monetization,” said Joe Melaragno, Head of Channel Sales at Samsung Ads. “Our collaboration with Magnite has led to a number of breakthroughs including simplified genre targeting to support contextual advertising, improved forecasting capabilities, and a significant reduction in timeouts to complement our rapid viewership growth on Samsung TV Plus. We’re very excited to see how Magnite Storefront within the Magnite Access suite can bring additional value to our data capabilities and further empower our sales team to deliver best-in-class solutions for advertisers.”

“As ad-supported streaming continues to rise in popularity, Samsung Ads is at the forefront of delivering best-in-class experiences to viewers worldwide,” said Ryan Kenney, SVP, Streaming Platform at Magnite. “We’re pleased to continue our collaboration with Samsung Ads to bring high-quality streaming TV advertising to more programmatic buyers and to make audience-based buying more prevalent and effective in this environment.”

About Magnite

We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

About Samsung Ads

Samsung Ads puts the power of the world’s #1 Smart TV and mobile device brand to work for businesses of all shapes and sizes. With unrivaled reach across hundreds of millions of smart devices, Samsung Ads unlocks audiences at scale, helping advertisers break through to valuable opted-in consumers in the moments that matter most. Samsung Ads offers innovative ad formats in brand-safe ad environments with full-funnel performance solutions that drive measurable outcomes –from awareness, to consideration, to conversion.

Today, Samsung Ads serves over 25 countries around the globe, bringing brands new ways to engage their audience across Samsung’s portfolio of premium entertainment services, including Samsung TV Plus –the #1 FAST service on hundreds of millions of TVs globally, Samsung Gaming Hub, Samsung Galaxy mobile apps, and beyond.

Media Contact:

Charlstie Veith
[email protected]

Investor Contact:

Nick Kormeluk
[email protected]

MINT HILL, N.C., April 09, 2025 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the grand opening of Ascot Woods, a stunning community located just east of Charlotte in Mint Hill, North Carolina. This expansion provides homebuyers with the perfect opportunity to purchase a beautifully designed, upgraded home in an ideal suburban setting, offering the perfect balance of tranquility and convenience for families. Residents can take advantage of the quiet, tree-lined streets and spacious yards, ideal for outdoor activities and creating lasting memories with loved ones.

Ascot Woods features a range of spacious 3 and 4-bedroom homes, each thoughtfully designed with modern layouts and today’s most sought-after upgrades. The community offers both one and two-story floor plans, giving buyers the flexibility to select the design that best suits their lifestyle. Each home comes equipped with LGI Homes’ CompleteHome™ package, which includes desirable features like energy-efficient stainless-steel Whirlpool® kitchen appliances, granite countertops, and 36″ upper cabinets with crown molding. Other upgrades include programmable thermostats, double-pane Low-E vinyl windows, and Wi-Fi-enabled garage door openers – all included at an affordable price.

Situated in the charming suburbs of Mint Hill, Ascot Woods provides residents with quick access to downtown Charlotte’s vibrant dining, shopping, and entertainment options while maintaining the peaceful charm of suburban living. The community is just minutes away from major highways, making it easy for commuters to access the area’s top employers and universities.

In addition to its convenient location, Ascot Woods offers residents an abundance of nearby amenities, including lush parks and recreational areas. Reedy Creek Park, with its dog park, cricket ground, disc golf course, and nature center, is just a short distance away, as is the Mint Hill Veterans Memorial Park, which features a playground, sports fields, and picnic areas. Sports enthusiasts will also appreciate being close to Bank of America Stadium, home of the Carolina Panthers and Charlotte FC.

“This neighborhood will continue our tradition of offering high-quality, beautify designed homes,” stated Tyler Zulli, VP of Sales for Charlotte/Triad. “We can’t wait to welcome new homeowners and hand them the key to their brand new LGI Home!”

For more information or to schedule a tour of the community, please contact the sales team at 855-795-1127 ext. 792.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

MEDIA CONTACT:

Rachel Eaton

(281) 362-8998 ext. 2560

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/58804840-fed1-40be-8f02-772d0db6d7ab

TAIPEI, Taiwan and MILPITAS, Calif., April 09, 2025 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, plans to release its first quarter 2025 financial results after the market closes on April 29, 2025 and will host a conference call on April 30 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call.  

CONFERENCE CALL DETAILS:

Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.

Participant Online Registration:
https://register-conf.media-server.com/register/BI5c69a4c2d96041b59a2bf8a51cec1881

This call will be webcast on the Company’s website at www.siliconmotion.com.

ABOUT SILICON MOTION:

We are the global leader in supplying NAND flash controllers for solid state storage devices.  We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications.  We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions.  Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs.  For further information on Silicon Motion, visit us at www.siliconmotion.com.

FORWARD-LOOKING STATEMENTS:

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2024. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this news release.

CORONA, Calif., April 09, 2025 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) (“Monster” or the “Company”) today issued the following statement in response to a report issued on April 8, 2025 by a short-selling firm, Spruce Point Capital Management, containing false and misleading characterizations about the Company’s business from non-credible sources.

Rodney Sacks and Hilton Schlosberg, Chairman and Vice Chairman, respectively, and Co-Chief Executive Officers of the Company, jointly stated: “We have always prided ourselves on having and continue to have a strong reputation for ethical operations and transparent reporting, and these principles remain critically important to all of us at Monster. The document released by a self-interested activist short seller is filled with and based on inaccuracies and aspersions that appear to be designed to distort the Company’s record and share price for its own gain. The Company’s management remains focused on the business with the ongoing objective of creating long-term value for our stakeholders and investors.

“The Company’s consolidated financial statements and other financial information filed with the Securities Exchange Commission (“SEC”) have historically been and continue to be fairly stated in all material respects, presented in accordance with generally accepted accounting principles and are governed by SEC rules and regulations.”

The Board of Directors of the Company (the “Board”) affirmed its confidence in the Company’s management and strategic direction. Lead Independent Director, Mark Vidergauz, stated: “On behalf of the entire Board, we stand in support of the management team and believe that the Company remains well-positioned for long-term success.”

The Company does not believe the report issued by Spruce Point Capital Management has any credibility and accordingly does not intend to comment further on the report.

Monster Beverage Corporation

Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Monster Killer Brew™ Triple Shot, Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign® Total Body Fuel high performance energy drinks, Reign Storm® total wellness energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Bang Energy® drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks. The Company’s subsidiaries also develop and market still and sparkling waters under the Monster Tour Water® brand name. The Company’s subsidiaries also develop and market craft beers, flavored malt beverages and hard seltzers under a number of brands, including Jai Alai® IPA, Dale’s Pale Ale®, Dallas Blonde®, Wild Basin® hard seltzers, The Beast™ and Nasty Beast® Hard Tea. For more information visit www.monsterbevcorp.com.

NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) — Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today announced it will release first quarter financial results for the period ended March 31, 2025, before the market opens on Wednesday, May 7, 2025. On that day management will hold a conference call and webcast at 8:30 a.m. ET to discuss the Company’s business and financial results. Prior to its conference call, Fiverr will issue a press release and post a shareholder letter to its website at https://investors.fiverr.com.

Conference Call and Webcast Details

• What: Fiverr’s First Quarter 2025 Financial Results Conference Call
• When: May 7, 2025, at 8:30 a.m. ET
• Registration: To participate in the Conference Call, please register at the link here
• Webcast: A live and archived webcast of the conference call will be accessible from the investor relations section of the Company’s website at, https://investors.fiverr.com.

About Fiverr

Fiverr’s mission is to transform the way the world creates and works together. We’re shaping the future of work with the world’s leading open platform, seamlessly connecting top talent and cutting-edge technology with businesses around the globe. From expert freelancers in over 750 skilled categories to best-in-class GenAI models and agents, Fiverr provides the most advanced and comprehensive talent and tools for digital services—helping businesses get mission-critical projects done fast and cost-effectively.

From small businesses to Fortune 500 companies, millions trust Fiverr for projects in software and AI development, digital marketing, finance, business consulting, video animation, music, architecture, and more.

Learn how to future-proof your business with exceptional talent and cutting-edge tools at fiverr.com. Follow us on LinkedIn, Instagram, TikTok, and Facebook.

Investor Relations:
Jinjin Qian
[email protected]

Press:
Jenny Chang
[email protected]

Source: Fiverr International Ltd.