Family-owned global leader acquires 16.3% ownership stake SALINAS, Calif., Jan. 6, 2026 /PRNewswire/ -- Pacific Valley Bank (OTC: PVBK) today announced that Taylor Fresh Foods, parent company of the Taylor Farms operating companies, has acquired a 16.3% ownership stake in the bank. The investment represents a significant minority position by a locally based, family-owned company with long-standing operations in the Salinas Valley. "For more than two decades, Pacific Valley Bank has operated as a locally ow ...

Core Insights - OneMeta Inc. is set to release its 2026 Shareholder Update Video on December 18, 2025, which will outline the company's strategic momentum and priorities for the upcoming year [1][2] - The update will emphasize OneMeta's progress in 2025 and its execution plan for scalable growth in real-time multilingual understanding [3][4] Company Overview - OneMeta specializes in AI-driven multilingual communication technologies, offering solutions such as instant speech-to-speech translation, transcription, and live captioning across over 150 languages [5] - The company's mission is to enhance global communication, making it fast, seamless, secure, and universally accessible [5] Strategic Focus - The 2026 strategy will focus on responsible innovation, disciplined growth, and operational readiness, with advancements in the VerbumSuite platform aimed at improving speed, accuracy, and enterprise integration [8] - OneMeta aims to expand in key verticals where multilingual communication is increasingly essential [8]

Financial Data and Key Metrics Changes - The company completed the sale of its CloudFirst subsidiary for $40 million, which was projected to generate approximately $25 million in annual revenue and $5.5 million in EBITDA with no debt [6][10] - Sales from continuing operations, specifically from the Nexus subsidiary, were $417,000 for Q3 2025, an increase of $92,000 or 28.2% from $325,000 in Q3 2024 [6][10] - Net income attributable to common shareholders for Q3 2025 was $16.8 million compared to $122,000 for Q3 2024, driven primarily by the gain recognized on discontinued operations [10][11] - The company ended the quarter with cash, cash equivalents, and marketable securities of approximately $45.8 million, up from $12.3 million at the end of 2024 [10] Business Line Data and Key Metrics Changes - Sales from continuing operations for the nine months ended September 30, 2025, were $1.1 million, an increase of approximately $159,000 or 17.6% from $900,000 in the same period last year, driven by an expanding customer base in Nexus voice and data solutions [7][10] - Selling, general, and administrative expenses for Q3 2025 increased by $313,000 or 31.8% to $1.3 million from $984,000 in Q3 2024, primarily due to increased non-cash stock-based compensation [8][9] Market Data and Key Metrics Changes - The company is exploring strategic acquisitions in high-value markets such as GPU-based computing, AI-enabled infrastructure, and cybersecurity, indicating a focus on emerging technology sectors [11][12] Company Strategy and Development Direction - The company is transitioning to a new phase termed DSC 2.0, focusing on disciplined growth and shareholder value creation following the sale of CloudFirst [4][11] - A special advisory group is being formed to identify and evaluate strategic opportunities that align with long-term growth objectives [12] - The company plans to complete a tender offer and share buyback process, which will influence its final cash position and capital allocation plans [11][12] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of disciplined execution, prudent capital allocation, and operational efficiency in the current market environment [11][12] - The company is actively engaging strategic consultants to ensure that potential investments support long-term profitability and sustainable growth [12] Other Important Information - The company is launching a new corporate website to reflect its streamlined profile and future direction [5][12] Q&A Session Summary Question: What are the possible outcomes of the tender offer for your cash position? - Management estimated that if everything is tendered, the cash position could range from approximately $5 million to between $10 million and $15 million [15][17] Question: Were there any non-recurring charges in Q3 2025 SG&A? - Management confirmed that there were no non-recurring charges in Q3 2025, and the current SG&A number is a good run rate for the future [18][19] Question: Is there a scenario where the company pushes harder exclusively into Nexus? - Management indicated that there are opportunities to acquire smaller VoIP companies to bolster Nexus, which could lead to significant revenue growth [20][22]

Core Viewpoint - Baytex Energy Corp. has announced the sale of its U.S. Eagle Ford assets for US$2.305 billion to focus on its higher-return Canadian operations, enhancing its financial position and shareholder returns [1][2][5]. Transaction Details - The transaction is valued at approximately $3.25 billion in cash and is expected to close in late 2025 or early 2026, pending regulatory approvals [1][5]. - A US$200 million deposit will be made by the buyer, which may be forfeited under certain conditions [5]. Strategic Focus - The divestiture allows Baytex to concentrate on its Canadian assets, particularly in heavy oil development and the Pembina Duvernay, which are expected to drive long-term value creation [6][8]. - The company aims to maintain a disciplined growth strategy with an annual production growth target of 3-5% at WTI prices of US$60-65 per barrel [11]. Financial Position - Post-transaction, Baytex will have a net cash position and plans to repay outstanding credit facilities and senior notes, resulting in an industry-leading financial position [6][8]. - The company intends to return a significant portion of the proceeds to shareholders, potentially through share buybacks and maintaining its current dividend of $0.09 per share [6][8]. Production and Reserves - The Canadian portfolio produced 65,000 boe/d in the first nine months of 2025, reflecting a 5% growth compared to 2024 [9]. - The Eagle Ford assets being sold had proved plus probable reserves of 401 million boe as of December 31, 2024, with Q3 2025 production averaging 82,765 boe/d [13]. Future Outlook - Baytex plans to provide detailed guidance for 2026 and a three-year outlook following the transaction's completion, highlighting its streamlined Canadian asset base [12]. - The company has identified approximately 212 drilling locations in the Pembina Duvernay and expects to transition to a one-rig drilling program targeting production of 20,000-25,000 boe/d by 2029-2030 [10].

Financial Data and Key Metrics Changes - Net income per share was $0.09 on a fully diluted basis, and core FFO per share was $0.74, reflecting a 3% year-over-year increase [13] - Cash available for distribution was $29.3 million, exceeding consensus expectations for the quarter [13] - The company maintains its full year 2025 core FFO per share guidance in the range of $2.98 to $3.30 on a fully diluted basis [18] Business Line Data and Key Metrics Changes - The company advanced several key development projects backed by long-term non-cancelable leases, indicating a focus on disciplined growth [6][7] - Soft term lease exposure declined from 5.2% at year-end to 4.7%, demonstrating progress on renewals and tenant engagement [15] Market Data and Key Metrics Changes - The company is operating in a challenging market environment with elevated cost of capital, partly due to a recent dividend reset [9][17] - The company expects an additional $115 million in liquidity later this year from the FDA Atlanta lump sum repayment [16] Company Strategy and Development Direction - The company focuses on delivering reliable performance through mission-critical infrastructure and long-term leases [5][6] - The strategy emphasizes disciplined capital deployment and selective growth into high-quality assets that align with government missions [7][8] - The company aims to rebuild its shareholder base with long-term public investors who understand its mission and strategy [9] Management's Comments on Operating Environment and Future Outlook - Management noted that government real estate decisions are becoming more strategic and cost-conscious, positioning the company as a trusted partner [10] - The company is committed to executing its development pipeline with excellence and deepening relationships across federal, state, and local agencies [11] Other Important Information - The company has $122 million of revolver capacity available, maintaining a leverage ratio within the target range of 6.5 to 7.5 times [16][17] - The company is not pursuing growth for its own sake but is targeting opportunities that create durable value [18] Q&A Session Summary Question: Can you talk about your return expectations for the crime lab development project? - The development is expected to create about a 150 basis point spread to the cost of capital, consistent with other development growth targets [21] Question: What's the size of the pipeline of opportunities you're looking at? - The pipeline volume is estimated at $1 billion to $1.5 billion, with a focus on finding the best deals to meet growth goals [22]