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MONTREAL, July 11, 2025 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) will release its financial results for the first quarter ended June 30, 2025, on Tuesday, August 5th, 2025, after the markets close. Management will hold a conference call to discuss the financial results the next day, August 6, 2025, at 9:00 a.m. Eastern Time. Details of the Conference Call Via the internet at www.corporate.stingray.com Via telephone: (+1) 800-717-1738, Montreal (+1) 514-400-3792, Toronto (+1) 289-514-5100 ...

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Core Viewpoint - Stingray Group Inc. has nominated The Honourable Jean Charest for election to its Board of Directors at the upcoming Annual General Meeting on August 6, 2025, highlighting his potential contributions to the company's strategic direction and global expansion [1][2]. Company Overview - Stingray is a global leader in music, media, and technology, providing a wide range of services including TV broadcasting, streaming, radio, business services, and advertising solutions [5]. - The company operates 97 radio stations and offers subscription video-on-demand content, FAST channels, karaoke products, and music apps, reaching 540 million consumers in 160 countries [5]. Board of Directors Changes - Mark Pathy, Chair of Stingray's Board, expressed enthusiasm for Mr. Charest's potential election, emphasizing his extensive experience in public policy and international business as beneficial for the company's growth [2]. - François-Charles Sirois, a co-founder and director since 2007, will not seek re-election at the upcoming AGM, marking the end of an 18-year tenure [2][3]. Jean Charest's Background - Jean Charest has a distinguished political and legal career, having served as Premier of Québec from 2003 to 2012 and as Deputy Prime Minister of Canada in 1993 [3]. - Currently, he is a partner and strategic advisor at Therrien Couture Joli-Coeur L.L.P., where he utilizes his expertise in public policy and business for international transactions [3].

Industry Overview - The AI infrastructure space is experiencing significant growth, with fears related to DeepSeek being overblown. Confidence among market participants has increased due to potential trade deals, expected rate cuts by the Fed, and reduced recession worries in the U.S. economy [1] - The AI sector is supported by a bullish demand scenario, with major companies planning to invest $325 billion in AI infrastructure by 2025, representing a 46% year-over-year increase in capital spending [4] Investment Recommendations - Five mid-cap AI infrastructure stocks are recommended for investment, having outperformed the S&P 500 in the past three months and offering deep discounted value for long-term growth. The stocks include UiPath Inc. (PATH), Five9 Inc. (FIVN), C3.ai Inc. (AI), Qualys Inc. (QLYS), and Fastly Inc. (FSLY) [2][3] Company Insights UiPath Inc. (PATH) - UiPath provides an end-to-end automation platform with a focus on robotic process automation solutions. The company has introduced new generative AI features to enhance its automation capabilities [8][10] - Expected revenue and earnings growth rates for UiPath are 8.5% and 5.7%, respectively, for the current year, with a P/E ratio of 23.9X compared to the industry average of 29.7X [11] Five9 Inc. (FIVN) - Five9 offers intelligent cloud software for contact centers, benefiting from the growing adoption of AI tools. The company recently launched its Intelligent CX Platform powered by Five9 Genius AI [12][14] - Expected revenue and earnings growth rates for Five9 are 9.6% and 11.7%, respectively, for the current year, with a P/E ratio of 10.1X compared to the industry average of 29.7X [15] C3.ai Inc. (AI) - C3.ai specializes in enterprise AI applications and aims to deepen its alignment with major cloud providers and government institutions. The company focuses on deploying actionable AI solutions [16][17] - Expected revenue and earnings growth rates for C3.ai are 20.1% and 9.8%, respectively, for the current year, but it has yet to generate profit, with an industry P/E of 20.2X [18] Qualys Inc. (QLYS) - Qualys is experiencing increased demand for cloud-based cybersecurity solutions, supported by strategic acquisitions that enhance its threat detection capabilities [19][21] - Expected revenue and earnings growth rates for Qualys are 7.3% and 0.7%, respectively, for the current year, with a P/E ratio of 8.8X compared to the industry average of 11.6X [22] Fastly Inc. (FSLY) - Fastly provides infrastructure software for cloud computing and has introduced the Fastly AI Accelerator to optimize generative AI applications [23][24] - Expected revenue and earnings growth rates for Fastly are 8.6% and 25%, respectively, for 2025, but it has yet to generate profit, with an industry P/E of 29.7X [25]

Core Viewpoint - A federal judge has allowed a significant antitrust lawsuit against Apple to proceed, challenging the company's alleged monopoly in the smartphone market [1][2]. Group 1: Antitrust Lawsuit Details - The lawsuit, initiated by the US Department of Justice and 20 states in March 2024, accuses Apple of illegally monopolizing smartphone markets through restrictive practices against app developers and device manufacturers [2][4]. - District Judge Julien Neals ruled that the government has sufficiently demonstrated that Apple holds monopoly power in the smartphone market and engages in anticompetitive behavior [2][3]. Group 2: Market Share and Monopoly Power - Apple reportedly controls 65% of the overall US smartphone market and 70% of the premium "performance smartphone" market, which excludes lower-end devices [3]. - The judge noted that these market share figures, along with significant barriers to entry, indicate Apple's monopoly power and justify proceeding to trial [3]. Group 3: Internal Communications and Potential Remedies - The ruling referenced internal communications from Apple executives that allegedly reveal intentions to maintain monopoly power, including efforts to prevent users from switching to competing devices [5]. - If the government prevails at trial, potential remedies for Apple could include changes to business practices or orders to divest parts of its device and software operations [5]. Group 4: Broader Antitrust Context - This case is part of a series of major antitrust challenges facing Apple, which also includes accusations of taking a large cut from proceeds of outside apps on its devices [7]. - The lawsuit is one of five significant cases initiated during the Trump and Biden administrations targeting major tech companies, including Meta and Amazon [7].

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Barclays CEO Energy-Power Conference S E P T E M B E R 2 0 2 3 Disclaimer Forward-Looking Statements The forward-looking statements contained in this presentation are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those t ...