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TRUSTCO GROUP HOLDINGS PLANS TO MAKE HISTORY AS FIRST NAMIBIAN COMPANY TO BE LISTED ON NASDAQ

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Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY), announced that it has submitted an application on 11 November 2024 to list its ordinary shares on the Nasdaq Stock Market (“Nasdaq”) under the ticker “TRCO.” Trustco submitted the application in connection with the proposed direct listing of its ordinary shares on Nasdaq in addition to its current listings on the Namibian Stock Exchange (“NSX”) and the Johannesburg Stock Exchange (“JSE”).

Trustco expects to make history as the first Namibian company to be listed on Nasdaq, marking Namibia as the 46th country represented on Nasdaq. Trustco expects that its planned Nasdaq listing will offer greater exposure to U.S. capital markets, which represents more than half of the world’s global equity market capitalization, while maintaining secondary JSE and NSX listings.

Approximately 35% of Trustco’s shareholder base is already comprised of U.S. investors. Existing shareholders on the JSE (exceeding 2,100) and NSX (exceeding 2,200) will maintain their status as these become secondary listings. The Nasdaq listing is expected to increase the liquidity and improve price discovery of Trustco’s securities. For shareholders interested in transferring holdings to Nasdaq, support is available through the dedicated shareholder services desk at +264 61 275 4820/4821 or shares@tgh.na.

Trustco CEO Dr. Quinton van Rooyen with Nasdaq Senior Managing Director Andrew Hall and U.S. team members at Nasdaq Market Site in Times Square

“When we embarked on our journey more than three decades ago in Windhoek, Namibia, we had a mission to support the growth and prosperity of our young nation,” commented Dr. Quinton van Rooyen, CEO of Trustco. “As we prepare to list on Nasdaq, we carry with us not just our company’s ambitions, but the aspirations of our country to become an economic powerhouse on the African continent, committed to the ideals of constitutional democracy, as well as free and fair markets. ”

“As a conduit for investors seeking exposure to high-quality African assets, we believe the addition of a primary Nasdaq listing will not only help drive wealth creation for shareholders but also allow us to capitalize on new opportunities while contributing to the continent’s overall economic development. In October 2024, the Nasdaq was the largest stock exchange worldwide by value of electronic order book share trading,” concluded Dr. van Rooyen.

Shareholders will be updated on the progress of the planned Nasdaq listing, including filings with the U.S. Securities and Exchange Commission (“SEC”) and, if and when available, the anticipated date of listing. In terms of the current listing requirements under the JSE, an affirmative shareholder vote of 50% plus one vote, excluding the controlling shareholder, is required to approve the planned listing on Nasdaq, and a circular will be submitted to shareholders to request approval for the changing of Trustco’s ordinary shares primary listing from the JSE to Nasdaq.

Trustco CEO Dr. Quinton van Rooyen with Nasdaq Senior Managing Director Andrew Hall and U.S. team members at Nasdaq Market Site in Times Square

Cautionary Statements

There can be no assurance that Trustco will be able to obtain shareholder approval for the planned Nasdaq listing. Trustco’s listing on Nasdaq is also subject to the approval of Nasdaq and the satisfaction of its applicable listing requirements. While Trustco is not currently aware of any issues, there can be no assurance that Trustco will satisfy all applicable requirements for listing on Nasdaq or that its application to list on Nasdaq will be approved. In connection with the planned listing of the ordinary shares, Trustco plans to terminate its ADR program in accordance with its terms.

Trustco expects to file a registration statement in the U.S. relating to the proposed Nasdaq direct listing with the U.S. Securities and Exchange Commission (“SEC”) following formal notification to the JSE and NSX. Trustco’s securities may not be sold nor may offers to buy be accepted prior to the time the registration statement to be filed becomes effective, except for Trustco’s securities traded in the JSE, NSX and OTCQX. When available, a written prospectus for the offering meeting the requirements of section 10 of the U.S. Securities Act of 1933, as amended (the “Act”), may be obtained from Trustco by contacting shares@tgh.na.

This media release is being made pursuant to, and in accordance with, Rule 135 under the Act, and shall not constitute an offer to sell or the solicitation to of an offer to buy Trustco’s securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

About Trustco:

Trustco Group Holdings Limited is a holding company headquartered in Windhoek, Namibia, that owns subsidiaries engaged in diverse business activities spanning the real estate, mining, insurance, micro-finance, and education sectors.

Trustco’s ordinary shares are listed in the JSE under the symbol “TTO” and in the NSX under the symbol “TUC.” Trustco’s American Depositary Shares are quoted on the OTCQX through its ADR program under the symbol “TSCHY.”

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to list on Nasdaq, Trustco’s ability to satisfy applicable Nasdaq listing requirements, Trustco’s ability to obtain shareholder approval to proceed with its Nasdaq listing, Trustco’s ability to file and have declared effective a registration statement with the SEC related to its proposed Nasdaq listing, and the anticipated results of such registration and listing, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

 

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 12112419849

The post TRUSTCO GROUP HOLDINGS PLANS TO MAKE HISTORY AS FIRST NAMIBIAN COMPANY TO BE LISTED ON NASDAQ appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

The Rager Foundation Expands Scholarship Program to Support Eagle Scouts in Higher Education

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Wilmington, Delaware , March 07, 2025 – The Rager Foundation, a Wilmington-based nonprofit dedicated to educational advancement, has announced the expansion of its scholarship program to assist Eagle Scouts in pursuing higher education. As tuition costs continue to rise, the foundation aims to provide financial relief to these distinguished individuals, reinforcing its commitment to fostering leadership and academic excellence.

With a mission to strengthen educational opportunities and technological progress in Delaware, The Rager Foundation has played a pivotal role in community development. By extending financial support to Eagle Scouts, the foundation acknowledges their dedication, resilience, and contributions to society, ensuring that young leaders have the resources needed to succeed in higher education.

Jason Rager, the founder and board member of The Rager Foundation, achieved the rank of Eagle Scout in January 2003. Reflecting on his journey, Rager emphasized the significance of this milestone, stating, “Becoming an Eagle Scout shaped my leadership skills and sense of responsibility. Higher education is increasingly expensive, and through this scholarship program, we aim to assist Eagle Scouts in overcoming financial obstacles on their academic paths.”

Attaining the rank of Eagle Scout requires extensive leadership, perseverance, and commitment to community service. Candidates complete rigorous projects while balancing academics, extracurricular activities, and often employment. These experiences cultivate crucial life skills such as time management, problem-solving, and resilience—qualities that contribute to success in both higher education and professional careers. Mr. Rager went on to form Rager Capital Partners and now manages a family office.

The escalating costs of college tuition, which can range from $20,000 to $70,000 annually, pose a significant financial challenge for many students and their families. The Rager Foundation’s expanded scholarship program seeks to bridge this gap by supporting Eagle Scouts who have demonstrated academic excellence, leadership, and community involvement, ensuring they have the financial assistance needed to achieve their educational goals.

Eligible Eagle Scouts are invited to apply for the scholarship, which is open to undergraduate and graduate students with a strong record of leadership and service. Applications can be submitted through The Rager Foundation’s official website at https://ragerfoundation.org/, where detailed eligibility criteria and application forms are available. The foundation encourages all qualified candidates to take advantage of this opportunity to advance their education and career aspirations.

Established to support educational initiatives and technological growth, The Rager Foundation remains committed to empowering individuals and families throughout Delaware. Through strategic fundraising and community partnerships, the foundation has successfully supported numerous organizations and initiatives that contribute to regional development, reinforcing its dedication to creating a brighter future through education.

 

About Jason Ragers Foundation

The Jason Ragers Foundation is a nonprofit organization dedicated to making a lasting impact in communities by supporting underprivileged individuals, fostering education, and promoting social welfare initiatives. Committed to driving positive change, the foundation focuses on providing financial assistance, scholarships, and resources to those in need, empowering them to build brighter futures.

For media inquiries, please contact: The Rager Foundation
Jason Rager
Email: info@ragerfoundation.org
Website: https://ragerfoundation.org/
Address: 1201 Orange Street, Suite 600, Wilmington, DE 19801

By expanding its scholarship program, The Rager Foundation continues its mission of recognizing and supporting leadership, service, and dedication within the Wilmington, Delaware community.

Media Contact

Organization: Rager Foundation

Contact Person: Jason Rager

Website: https://ragerfoundation.org/

Email: info@ragerfoundation.org

Contact Number: +13022068283

Country: United States

Release Id: 10032524865

The post The Rager Foundation Expands Scholarship Program to Support Eagle Scouts in Higher Education appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

ERA Wallet Launches with Innovative Security and Control Features

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Dubai, UAE, 10th March 2025, ZEX PR WIRE, ERA Wallet, a next-generation hardware wallet, announced its official launch, showcasing an extensive set of innovative features catering to modern crypto users. The Era Wallet aims to set a new industry standard by providing users unparalleled security, control, and transparency.

ERA Wallet has several features that help it stand out from other crypto hardware wallets. For example, it is the one of the first cold storage device with a fully transparent transaction signing mechanism. The wallet uses an intelligent parsing library that analyzes and displays information clearly. This advanced system allows users to fully see and verify the transaction’s real information before signing. The user can then make an informed decision to sign or reject the transaction, eliminating the risk of blind signing.

Similar to other ERA Wallet safety mechanisms, this feature addresses the increasing demand for higher security in crypto transactions. The recent ByBit case, which saw the popular cryptocurrency exchange lose $1 billion in a security breach, is a clear example of the danger posed by blind, unverified transactions. ERA Wallet drastically minimizes this risk and enables users to regain complete control over their assets, preventing unauthorized transactions and fraud.

Other groundbreaking features included in the ERA Wallet Hardware:

Era Recovery 

This revolutionary recovery system enables wallet restoration without exposing the seed phrase. Users can choose between two Modes—single and Multiple—to enable restoration via one or more cards. The chip prevents unauthorized access, duplication, or modification and 50-Year Data Retention Guarantees long-term security.

Multi-Wallet Support

ERA Wallet Hardware allows users to manage up to 10 independent crypto portfolios on one device. Each portfolio can have its own seed phrase and password.

Advanced Entropy System

This feature will randomly generate a seed phrase by utilizing five independent entropy sources, including Touch input, Camera, Accelerometer, True Random Number Generator (TRNG) in MCU, and an additional TRNG in the Secure Element for enhanced security.

Air-Gapped Security

ERA Wallet is air-gapped, a rare feature among cold crypto storage devices. The wallet never connects to the internet, USB, Bluetooth, or Wi-Fi. Instead, users must sign transactions offline using QR codes and NFC. This advanced feature eliminates the risk of remote attacks.

Seamless Integration with Popular Wallets

ERA Wallet supports MetaMask, Safe Wallet, Rabby Wallet, and imToken and soon with OKX and Blue Wallet providing a frictionless user experience via QR code and NFC interactions.

Premium Design and Durability

The ERA Wallet features a highly durable yet lightweight anodized aluminum design. It also has an E-Ink touchscreen display, IPх7 water resistance, and a battery life of up to 6 months in standby mode.

Security and Transparency

Lastly, ERA Wallet prioritizes security and transparency above all. To this end, the wallet’s firmware and software are fully open-source, allowing community verification and independent audits to confirm there are no backdoors or vulnerabilities. One such example is the recent KeyLab audit.

About ERA Wallet

ERA Wallet proposes an advanced cold storage solution for cryptocurrency users prioritizing security, transparency, and self-sovereignty. The wallet’s official launch comes at a time of high demand for higher security standards in the crypto industry. ERA Wallet addresses user concerns and provides crypto enthusiasts with better storage devices for their digital assets.

The company provides a one-year warranty, including free repair or replacement within this period. Moreover, it offers dedicated customer support for troubleshooting and issues.

The ERA Wallet is available to order on the official website.

You can learn more about ERA Wallet at these links: (X) Twitter | Telegram | Discord | LinkedIn

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Press Release

AMMO AI Secures $2.5M Pre-Seed to Develop AI Agent Societies for Real-World Impact

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London, UK, 10th March 2025, ZEX PR WIRE, In the rapidly evolving world of artificial intelligence, most discussions revolve around how AI can augment human capabilities, automate tasks, or even replace jobs. But what if AI could do more? What if we could create entire societies of agents that collaborate, learn, and evolve in ways that benefit humanity as a whole? This is the ambitious goal behind AMMO, a groundbreaking AI ecosystem that has just secured $2.5 million in pre-seed funding to turn this vision into reality.

The Problem: AI as Isolated Tools

In the world of artificial intelligence, the dominant narrative has long been one of AI as tools. The core problem with viewing AI as tools is that this paradigm not only limits their functionality to narrow instrumental scopes, but also inherently encourages the creation of technological silos—isolated systems optimized for solitary performance within predefined domains. Specifically, we celebrate AI’s ability to execute specialized tasks with superhuman efficiency, yet paradoxically engineer these systems as self-contained black boxes—digital savants excelling in narrow domains but incapable of cross-pollinating knowledge.

This solipsistic design paradigm causes dual constraints: Users become trapped in transactional relationships with technology, reduced to playing prompt-engineer roles. While AI systems operate as autocomplete engines, and lack of cross-agent knowledge synthesis or conflict resolution.

Breaking this self-reinforcing loop requires reimagining AI’s agency spectrum: from passive tools in isolation to proactive agents in networksAs DeepMind reminds us, “No agent is an island.” Intelligence, whether natural or artificial, does not emerge in isolation. It thrives in networks of interacting agents where collaboration, competition, and adaptation drive progress.

Most critically, alignment mechanisms should be implemented properly in these networks. Without rigorous alignment with humanity, advanced AI can pose significant risks, ranging from unintended harms due to misinterpretations of instructions to catastrophic outcomes if their objectives diverge from humans‘ desires. The good news is, Anthropic’s Constitutional AI has provided us with a method to keep AI’s decisions and actions remain aligned with humanity.

A better path is clear: to build an AI-native ecosystem where agents compete and collaborate, learn, and evolve collectively to align with human values and needs. OpenAI’s Neural MMO has already shown how simply and efficiently massive AI agents can evolve through competition and cooperation. It’s proof that AI-native ecosystem is possible and powerful.

This is not just about creating better tools—it’s about redefining the AI-Human connection, unlocking a symbiotic future.

AMMO AI: From Tools to Citizens

AMMO, which stands for Architectures for Massive Multiagent Online, holds three forward-thinking beliefs:

  1. AI should act as proactive partners, not passive tools.
  2. AI must align with human values, evolving in harmony with our needs.
  3. AI should compete and collaborate as a collective, not remain isolated in silos.

Based on these beliefs, AMMO is building agent societies that align with humanity, creating a symbiotic future where AI and humans co-evolve. Beyond merely enabling AI to “play the game,” AMMO’s agents compete and collaborate in complex real- world scenarios. Through continuous interaction, they receive real-time feedback, align with human values, and evolve accordingly.

The AMMO Difference: Bring Human-Centric AI Ecosystems into Real World

AMMO takes a fundamentally different approach while many AI companies focus on creating individual tools. Echoing DeepMind’s sentiment that “no agent is an island,” AMMO envisions a world where AI agents interact, collaborate, and evolve within a larger ecosystem.

Traditionally, AI agent societies have been confined to controlled environments like games or research labs. Translating these concepts into real-world applications has been a significant challenge due to the open-ended nature of real-world scenarios.

AMMO addresses this challenge through a series of innovative approaches:

1. Large-Scale AI Agent Factories

Instead of focusing on agents, AMMO creates a framework to generate adaptive environments where massive number of AI agents emerge without developers, and independently create real-world utility values. These agents are not just task executors; they are autonomous entities that explore, learn, and adapt to new situations, enabling AMMO to tackle complex, real-world problems.

2. Composable Embedding Spaces

AMMO’s agents operate within a high-dimensional, composable environment called the MetaSpace. This space allows agents to interact seamlessly with each other and with humans, embedding everything—from user preferences to content—into a unified vector space for efficient and scalable interactions.

3. Reinforcement Learning with Human Feedback

AMMO’s agents are trained using reinforcement learning techniques that incorporate real-time human feedback. This ensures alignment not only with individual user preferences but also with broader societal values, creating a dynamic and adaptive AI ecosystem.

4. Alignment as a Minimax Problem

Alignment is the first principle of AMMO. It ensures that AI systems consistently act in ways that are beneficial and aligned with human values, goals, and intentions.

There are two types of agents that align with human users in different way: User Buddies (agents that represent individual users) and Goal Buddies (agents that generate content for human needs). The interaction between them is modeled as a minimax problem. This formalizes the adversarial yet co-evolutionary dynamics between agents, ensuring they work together to deliver relevant and engaging content. Alignment is both a goal for AMMO, and the mechanism by which the system operates.

Real-World Impact: From Crypto to Infinite Possibilities

AMMO is already demonstrating its potential with the launch of its first application, FakersAI.com, an multi-agent crypto content platform built upon open data in web3 space. It is designed to combat scams and misinformation, helping users make wiser investment decisions. In just two weeks, the platform has attracted over 75,000 users, showcasing the real-world utility of AMMO’s framework.

FakersAI is just the beginning. AMMO’s framework is designed to generate infinite agent societies that address a wide range of real-world challenges. The team is already developing its second subspace, with a third in the pipeline. Each subspace represents a new ecosystem of AI agents tackling domain-specific challenges from finance to entertainment to education.

The Funding and the Team

AMMO has successfully closed a $2.5 million pre-seed funding round, led by Amber Group, with participation from Samsung NEXTDispersion Capital, and OpensSpace. The project is spearheaded by a team of industry veterans from Google, DeepMind, Meta, as well as former VP of an AI unicorn and ACM-ICPC World Champion. Their combined expertise in AI, multi-agent systems, and reinforcement learning positions AMMO as a leader in the next wave of AI innovation.

Reimagine the Future of AI-Human Connection

AMMO’s solution is groundbreaking in multiple dimensions. By transcending the outdated paradigm of AI as mere tools, AMMO reimagines AI as human buddies that collaborate, co-create, and evolve alongside us. This shift from tools to partners marks the beginning of a symbiotic relationship where AI doesn’t just serve but thrives with humanity.

AMMO places alignment as the first principle of AI-Human connection. With alignment as a method and goal, AMMO offers a glimpse into a future where AI and humanity coexist peacefully, resolving potential conflicts before they even arise. This alignment isn’t just a feature—it’s the foundation of a new AI civilization.

Furthermore, by leveraging multi-agent systems, it pioneers the path toward personalized AI. While LLMs like ChatGPT, DeepSeek, and Grok3 race to improve coding, writing, and other tasks, AMMO focuses on AI’s massive societal adoption—creating AI that adapts to individual needs and real-world scenarios.

While many focus on isolated AI tools, AMMO is building the social operating system for AI agents. As AMMO redefines the AI-Human connection, the question is no longer what AI can do for us, but what we can become together. In this essence, AMMO is more than a project; it’s a movement.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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