Press Release
TRUSTCO SETS SHAREHOLDERS VOTING DATE ON LEGAL SHIELD HOLDINGS ACQUISITION
Windhoek, Khomas, Namibia, 5th Dec 2024 – Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY), today announced the distribution of a circular and notice of a General Meeting related to its NAD 469 million (USD 26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH). The transaction, initially announced on 23 April 2024, involves Trustco acquiring 1,135 shares from Riskowitz Value Fund LP (RVF), which will increase the company’s stake in LSH to 91.35%. The circular, which includes a fairness opinion, outlines the terms of the transaction and invites shareholders to a General Meeting on 7 January 2025 to vote on the proposal.
Quinton Z van Rooyen, Deputy CEO of Trustco
Quinton Z van Rooyen, Deputy CEO of Trustco, commented: “This transaction reinforces Trustco’s commitment to creating lasting value for our investors. Despite the extended timeline and frustrating regulatory processes, our focus remains on delivering the strategic benefits of this acquisition. With this increased stake in LSH, we are poised to harness opportunities in Namibia’s resurgent property and insurance sectors, contributing meaningfully to economic growth and social development.”
The acquisition underscores Trustco’s belief in the significant potential of its real estate and insurance portfolio. LSH assets include Trustco Insurance Limited, Trustco Life Limited, and a prime real estate portfolio spanning over 2,473 sellable hectares. This land bank presents opportunities for more than 26,000 mixed-use erven developments, addressing Namibia’s acute shortage of serviced land.
Trustco’s shareholders can access the circular on the company’s website at https://www.tgh.na/investors/circulars/ or at its Windhoek office. Shareholders registered in Namibia and South Africa must adhere to the prescribed timelines to ensure participation in the General Meeting.
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.”
About Namibia:
Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.1% in 2024 and 3.9% in 2025, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
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: 05122420900
The post TRUSTCO SETS SHAREHOLDERS VOTING DATE ON LEGAL SHIELD HOLDINGS ACQUISITION 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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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.
Press Release
Imarafy’s 2025 Pro 16 and Ultra 25 Redefine Affordable Luxury, Selling Out 10,000 Units on Day One
Today, Imarafy, a Texas-based disruptor in the electronics market, announces a resounding success with the launch of its highly anticipated smartphones: the Imarafy Pro 16 and the Imarafy Ultra 25. Priced at just $199.85, these feature-packed devices delivered a performance rivaling premium flagship models priced at over $1,000—achieving a historic sell-out of 10,000 units within 24 hours.
The Pro 16 and Ultra 25: Where Innovation Meets Affordability
Blending elegance, innovation, and practicality, the Pro 16 and Ultra 25 boast:
- 5G Connectivity: Seamless speed for streaming, gaming, and productivity.
- Massive Storage: Up to 1TB of memory to keep all your photos, apps, and videos in one place.
- 16GB RAM: Superior multitasking and smooth performance.
- Sleek Aesthetic: Six bold color options designed for every personality.
“Our phones are more than devices—they’re a statement. We’re bringing high-end technology to consumers at a price point that was previously unimaginable,” said Nelson Kamwaro, also known as Nelson Nyutu, founder and CEO of Imarafy.
Available exclusively on Imarafy.com, the Pro 16 and Ultra 25 come with free nationwide shipping.
Behind the Vision: Nelson Kamwaro’s Leadership
Imarafy’s instant success can be attributed to the innovative vision of Nelson Kamwaro. With extensive experience in exports, online business, and digital marketing, Kamwaro’s leadership has positioned Imarafy as a trailblazer in the tech industry.
“Nelson Nyutu is a tireless leader who’s redefining what’s possible in this space,” said a company spokesperson. “His deep understanding of online business and customer needs has set the stage for Imarafy’s rapid rise.”
A Phenomenal Day-One Success
Imarafy’s data-driven approach to digital marketing played a crucial role in the product’s success. Targeted campaigns on Meta platforms drove massive traffic to Imarafy.com, where eager customers seized the opportunity to own a luxury smartphone at a fraction of the price.
Feedback from early buyers highlights the phones’ premium design, unmatched value, and cutting-edge features.
Imarafy’s Roadmap for the Future
With this groundbreaking launch, Imarafy has its sights set on global markets. The company plans to expand into Europe, Africa, and Asia, introducing its affordable premium technology to a worldwide audience.
“Our mission is to democratize technology,” Kamwaro added. “With the Pro 16 and Ultra 25, we’ve proven that you don’t need to break the bank to own a premium smartphone.”
About Imarafy
Founded in Texas, Imarafy is a forward-thinking electronics brand dedicated to creating high-quality, affordable products. With a focus on innovation, affordability, and customer satisfaction, Imarafy is redefining the global tech landscape.
Media Contact:
1. Company name: Imarafy
2. Website link: Imarafy.com
3. Contact email: support@imarafy.com
4. Country: usa
5. City: Texas
6. Contact person name: Nelson Nyutu
About Author
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.
Press Release
IJEX Exchange: Your Reliable Partner in the Growing Crypto Market with MSB Certification
January 24, 2025 – The cryptocurrency market in 2025 is rapidly evolving, and investors are more eager than ever to participate in the thriving digital asset ecosystem. As Bitcoin and other cryptocurrencies surge in value, the demand for secure and trustworthy trading platforms has never been higher. At IJEX Exchange, we understand the importance of building trust and maintaining the highest security standards in an ever-changing market.
With geopolitical shifts, particularly the re-election of Donald Trump as the U.S. President, the global financial landscape is set to change. This shift will likely bring new regulatory measures that could either enhance or challenge the growth of cryptocurrencies. Against this backdrop, it is more critical than ever for investors to choose a platform that offers stability, transparency, and the necessary compliance to navigate this uncertain future.
IJEX Exchange stands out not only for its robust security but also for its commitment to regulatory excellence. In addition to holding the prestigious U.S. MSB certification, we are also certified by Canada’s FINTRAC and Singapore’s ACRA. These certifications reflect our adherence to the highest global standards in financial services, reinforcing our reputation as a reliable and trusted partner for both retail and institutional investors.
A Platform You Can Trust
At IJEX Exchange, we take compliance and security seriously. The MSB certification, alongside our FINTRAC and ACRA certifications, ensures that we operate with the utmost integrity, following strict anti-money laundering (AML) and Know-Your-Customer (KYC) procedures. This multi-jurisdictional certification strategy enhances the credibility of our platform, providing investors with the confidence they need to trade securely and reliably.
These certifications are a mark of excellence in the crypto industry, demonstrating our commitment to operating within the regulatory frameworks of the U.S., Canada, and Singapore. By aligning ourselves with these leading financial authorities, we offer a secure and compliant environment where investors can feel safe knowing that their transactions and assets are protected.
Why Choose IJEX Exchange?
- Global Certifications: IJEX Exchange holds certifications from the U.S. MSB, Canada’s FINTRAC, and Singapore’s ACRA, ensuring full compliance with international financial regulations.
- Advanced Security Protocols: We employ state-of-the-art security measures to safeguard user data and assets, providing a secure trading environment.
- User-Friendly Platform: Whether you’re a first-time investor or an experienced trader, IJEX Exchange offers a seamless and intuitive platform to meet your trading needs.
- Global Reach: Our platform offers access to a wide range of cryptocurrencies and trading pairs, serving investors worldwide.
- Dedicated Support: Our expert support team is available around the clock, ready to assist with any questions or concerns that arise.
A Bright Future in Crypto
With 2025 ushering in new opportunities for cryptocurrency and a more favorable regulatory environment for digital assets, now is the perfect time to be involved. IJEX Exchange’s robust security and compliance practices, coupled with our global certifications, position us as a reliable and trusted partner in this growing market.
As we move forward, IJEX Exchange remains committed to maintaining the highest standards in the industry, ensuring that our platform provides the security, transparency, and support that investors need to thrive in the ever-evolving crypto space.
Contact Information:
Company Name: IJEX Exchange LTD.
Contact person: Henry Sullivan
Email: support@ijex.com
Website: https://ijex.com/
FinCEN MSB Registration Number: 31000257059546
FINTRAC MSB Registration Number: M24884993
About Author
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.
Press Release
Bitcoin Surges to New Heights – TXEX Exchange Strengthens Security with MSB Certification
January 24, 2025 – The year 2025 promises to be a transformative period for the cryptocurrency market, as Bitcoin soars to new record highs, sparking renewed global interest and excitement. Amid this surge, TXEX Exchange continues to solidify its reputation as a trusted and reliable platform by enhancing its security protocols and ensuring compliance with the highest standards. Recently, TXEX Exchange earned the prestigious MSB (Money Services Business) certification from the U.S. Department of Treasury, further reinforcing its commitment to providing a safe and secure trading environment for its users.
With Bitcoin breaking past the $100,000 mark, the dynamics of the global financial markets are evolving. As the world witnesses significant political shifts, particularly with the re-election of Donald Trump as the U.S. president, the landscape for digital currencies is set to change dramatically. The new administration’s approach to fiscal policy and regulation could have far-reaching implications for the future of cryptocurrency, driving demand for exchanges that adhere to robust security and regulatory standards.
As cryptocurrencies gain momentum in 2025, TXEX Exchange stands at the forefront, offering a secure, compliant, and user-friendly platform for both individual investors and high-net-worth clients. With the MSB certification in hand, TXEX Exchange sets itself apart as a leader in the industry, ensuring that clients’ assets are safeguarded with the highest level of care.
Strengthening Trust with MSB Certification
The MSB certification is an essential credential for any exchange looking to operate with transparency and in full compliance with U.S. financial regulations. For TXEX Exchange, this certification signifies a robust commitment to anti-money laundering (AML) standards, customer verification (KYC), and overall operational integrity. Investors can feel confident knowing that TXEX Exchange adheres to strict regulatory requirements, providing an extra layer of trust in a volatile market.
Why TXEX Exchange?
- Compliance with U.S. Standards: With MSB certification, TXEX Exchange ensures full compliance with U.S. financial regulations, offering investors peace of mind.
- State-of-the-Art Security: TXEX Exchange employs top-tier security measures to protect user assets and personal information, making it a trusted platform for traders.
- Seamless Trading Experience: Our platform is designed to offer an efficient and secure trading environment, capable of handling large volumes of transactions with ease.
- Global Reach and Support: Serving investors around the world, TXEX Exchange offers a comprehensive suite of cryptocurrencies and trading pairs.
- Expert Assistance: Whether you’re just starting or are an experienced trader, our dedicated support team is always available to assist with your trading needs.
Conclusion: A Secure Future for Cryptocurrency Trading
With Bitcoin’s remarkable rise and the political landscape shifting under the influence of the newly re-elected U.S. president, the cryptocurrency market is more exciting and uncertain than ever before. Now, more than ever, it is essential to choose an exchange that is committed to maintaining the highest levels of security and regulatory compliance. TXEX Exchange’s MSB certification is a testament to our dedication to providing a trustworthy platform for our users.
As we look ahead to the opportunities and challenges of 2025, TXEX Exchange is committed to staying at the cutting edge of the industry, ensuring that our users have access to a secure and reliable trading environment that supports their investment goals.
Contact Information:
Company Name: TX Exchange
Contact person: Sophia Mitchell
Email: support@txex.com
Website: https://txex1.com/
MSB Registration Number: 31000269479677
About Author
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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