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PUDO Announces Closing of Non-Brokered Private Placement and Debt Settlement

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TORONTO, March 10, 2025 /CNW/ – PUDO Inc. (“PUDO” or the “Company”) (CSE: PDO; OTCQB: PDPTF) announces the closing of its previously announced non-brokered private placement (the “Private Placement”). The Company issued 2,913,147 Common shares (each, a “Private Placement Share”) at a price of $0.135 per Private Placement Share for aggregate gross proceeds of $393,274.85.

“We are very pleased with the completion of the Private Placement and the strong interest it received in the market”, commented Elliott Etheredge, CEO. “The size of the Private Placement was increased twice from what was originally announced.”

Mr. Etheredge further noted that “With the completion of the Debt Settlement, PUDO was able to convert $416,898.00 of outstanding payables to equity. We consider the willingness of our trade creditors to make this conversion as a strong sign of the confidence they have in our business model and management team.”

Mr. Etheredge continued: “Private Placement participation includes existing shareholders, an important customer and new shareholders.  The expansion of the Company’s shareholder base is helpful as we seek to increase our market visibility and enhance the liquidity of the stock. The overall effect of the Private Placement and Debt Settlement significantly strengthens our balance sheet by building a very strong working capital position and adding additional cash that will be deployed to capitalize on the growth opportunities that we see in the market.”

The Private Placement Shares issued under the Private Placement will be subject to a statutory hold period expiring four months and one day from the date of issuance of the Private Placement Shares.

PUDO also announces that further to its previously announced debt settlement (the “Debt Settlement”) it has settled debt in the aggregate amount of $416,898.00 owed by the Company to certain creditors of the Company in exchange for an aggregate of 3,088,132 Common shares (each, a “Settlement Share”) at a price of $0.135 per Settlement Share.

The Settlement Shares issued under the Debt Settlement will be subject to a statutory hold period expiring four months and one day from the date of issuance of the Settlement Shares.

Insiders of the Company acquired an aggregate of 2,620,725 Settlement Shares as part of the Debt Settlement, which participation constituted a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Settlement Shares acquired by the insiders, nor the consideration for the Settlement Shares paid by such insiders, exceed 25% of the Company’s market capitalization. As required by MI 61-101, the Company advises that it expects to file a material change report relating to the Offering less than 21 days before completion of the Debt Settlement, which is necessary to complete the Offering in an expeditious manner and is reasonable in the circumstances.

On Behalf of the Board of Directors

Elliott Etheredge, Chief Executive Officer

About PUDO Inc.

PUDO Inc. is North America’s only independent parcel pick-up and drop-off counter network.

PUDO has created a Network of more than 1,200 storefront partners known as PUDOpoint Counters, strategically located very near to where people live, work and play.

PUDO partners with retailers and logistics providers to offer a last-mile pick-up and returns network for ecommerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics.  Visit: www.pudopoint.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Private Placement and Debt Settlement, the use of proceeds of the Private Placement and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company’s profile and on the Company’s website, https://pudopoint.com/. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE PUDO Inc.

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Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

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July 23, 2026

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YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/youngstown-innovation-hub-breaks-ground-at-ybis-107-building-302833734.html

SOURCE YBI

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VELMENI Receives FDA 510(k) Clearance for AI-Powered 3D CBCT Dental Imaging Software

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July 23, 2026

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VELMENI for DENTISTS® 3D brings AI-assisted CBCT segmentation, anatomical visualization, measurements, panoramic reconstruction, and workflow support to dental practices, specialists, DSOs, and imaging centers.

SUNNYVALE, Calif., July 23, 2026 /PRNewswire/ — VELMENI, a dental artificial intelligence company developing connected clinical and administrative workflows for dentistry, today announced that it has received 510(k) clearance from the U.S. Food and Drug Administration for VELMENI for DENTISTS (V4D) 3D.

The FDA clearance, issued under 510(k), expands VELMENI’s dental AI portfolio into three-dimensional cone-beam computed tomography, or CBCT, imaging. VELMENI for DENTISTS (V4D) 3D is designed to assist qualified dental professionals in reviewing and analyzing dental CBCT scans through AI-assisted anatomical segmentation, visualization, measurements, and image reconstruction.

By bringing 2D dental radiograph analysis and 3D CBCT intelligence into the broader VELMENI platform, the company is building a more connected dental AI workflow for general dentists, oral and maxillofacial radiologists, oral surgeons, orthodontists, prosthodontists, endodontists, dental service organizations, and imaging centers.

“VELMENI’s vision extends beyond isolated AI image interpretation,” said Mini Suri, CEO and Co-Founder of VELMENI. “Our 3D AI helps clinicians review complex CBCT scans more efficiently, supporting confident decisions while streamlining the clinical workflow.”

AI-Assisted 3D CBCT Review for Modern Dental Workflows

Dental CBCT imaging provides detailed three-dimensional views of oral and maxillofacial anatomy that can support implant planning, endodontic assessment, orthodontic evaluation, surgical review, airway analysis, and other dental applications.

VELMENI for DENTISTS (V4D) 3D applies artificial intelligence to help dental professionals navigate complex CBCT datasets and convert volumetric imaging information into clear, clinically useful visualizations.

Subject to the product’s FDA-cleared indications for use, key capabilities include:

Intelligent 3D Anatomical SegmentationVELMENI’s 3D dental AI assists with identifying, labeling, and segmenting anatomical structures such as the maxilla, mandible, mandibular canal, teeth, maxillary sinuses, temporomandibular joints, and airway structures. These segmented structures can be viewed in three dimensions to support anatomical review, treatment planning, specialist collaboration, and patient education.Automated Panoramic Reconstruction and Cross-Sectional ViewsThe software automatically identifies the dental arch and generates reconstructed panoramic and cross-sectional views from CBCT datasets, enabling efficient review of anatomical structures across multiple planes.Measurements and Multi-Dimensional VisualizationVELMENI for DENTISTS (V4D) 3D provides clinically relevant measurements and high-resolution multi-planar and three-dimensional visualizations to support efficient CBCT review and treatment-planning workflows.STL Export for Education and CollaborationUsers can export detailed STL files to create three-dimensional models for patient education, case presentation, and collaboration with specialists and dental laboratories.Structured Reporting and Workflow ConnectivityVELMENI’s platform connects CBCT imaging insights with structured reporting, clinical documentation, and collaborative workflows, helping practices streamline imaging, documentation, and patient communication.

Supporting Clinicians—Not Replacing Clinical Judgment

VELMENI for DENTISTS 3D is intended to assist qualified dental professionals and is not a replacement for a complete clinical examination, professional judgment, patient history, or in-person assessment. Final diagnoses, treatment recommendations, and patient treatment plans remain the responsibility of the treating dental professional.

“As an oral and maxillofacial radiologist, I have seen how responsibly developed artificial intelligence can improve consistency and efficiency in dental imaging review while supporting clinical decision-making,” said Dr. Dale Miles, DDS, MS, FRCD(C), Oral and Maxillofacial Radiologist, DoctorConeBeam, and CBCT Advisor to VELMENI.

“VELMENI brings together three important AI-native workflows—voice, two-dimensional imaging, and three-dimensional imaging—within one connected platform,” said Dr. Nodesh Shyamsunder, Oral and Maxillofacial Prosthodontist. “The system is intuitive, and the reduction in repetitive workload can be immediate.”

Expanding the VELMENI ONE Dental AI Platform

VELMENI for DENTISTS (V4D) 3D is part of VELMENI ONE, a connected dental AI platform that brings together:

AI-assisted 2D dental X-ray analysisAI-powered 3D CBCT imaging and visualizationVoice-enabled periodontal charting and clinical documentationAutomated CBCT reporting supportDental insurance claims automationClinical workflow and practice-management integrations

Unlike standalone dental imaging applications, VELMENI ONE is designed to connect clinical imaging, documentation, patient communication, and administrative workflows within one intelligent dental AI ecosystem.

About VELMENI

VELMENI is an AI-powered dental technology company transforming clinical workflows through intelligent imaging and automation. VELMENI ONE unifies AI-powered 2D imaging, 3D CBCT analysis, voice-enabled clinical documentation, structured reporting, and workflow automation into a single connected platform. Designed for dental practices, specialists, DSOs, and imaging centers.

To learn more about VELMENI dental AI or schedule a personalized demonstration, visit velmeni.ai.

Regulatory Notice

VELMENI products are intended to assist qualified dental professionals and are not substitutes for professional judgment or a complete clinical examination. Final diagnoses and treatment plans remain the responsibility of the treating dental professional. Product availability and regulatory status vary by market.

View original content to download multimedia:https://www.prnewswire.com/news-releases/velmeni-receives-fda-510k-clearance-for-ai-powered-3d-cbct-dental-imaging-software-302833735.html

SOURCE VELMENI AI

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CANACCORD GENUITY GROUP INC. ACCESS TO FIRST QUARTER FISCAL 2027 FINANCIAL RESULTS INFORMATION

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July 23, 2026

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TORONTO, July 23, 2026 /CNW/ — Canaccord Genuity Group Inc. (TSX: CF) is scheduled to release its first quarter fiscal 2027 financial results and supplementary financial information after Canadian markets close on Thursday, August 6, 2026. The conference call is scheduled for Friday, August 7, 2026, at 8:00 a.m. Eastern time.

Investors and other stakeholders can access the earnings release and supplementary financial information at www.cgf.com/investor-relations/investor-resources/financial-reports/

QUARTERLY CONFERENCE CALL AND WEBCAST:

Interested parties are invited to listen to Canaccord Genuity’s first quarter fiscal 2027 results conference call via live webcast or a toll-free number.

The conference call may be accessed live and will also be archived on a listen-only basis at: www.cgf.com/investor-relations/news-and-events/conference-calls-and-webcasts/ 

Analysts and institutional investors can call in via telephone at:

1-416-945-7677 (within Toronto)1-888-699-1199 (toll free in North America)448-002-797-040 (toll free from the United Kingdom)612-801-71385 (within Australia)

Please ask to participate in the Canaccord Genuity Group Inc. Q1/27 results call. If a conference call ID is requested, please use 33866.

A replay of the conference call will be made available from approximately two hours after the live call on August 7, 2026, until September 7, 2026, at 1-289-819-1450 or 1-888-660-6345 by entering passcode 33866 followed by the (#) key.

ABOUT CANACCORD GENUITY GROUP INC.:

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the “Company”) is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man. and Australia. The Company’s international capital markets division operates in North America, UK & Europe, Asia, and Australia.

Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX.

SOURCE Canaccord Genuity Group Inc.

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