OpenAI partners with weapons start-up Anduril on military AI - The Washington Post
African festival posters are more than just advertisements for events; they are vibrant works of art that reflect the continent's rich cultural heritage. These posters are a unique blend of graphic design, traditional art, and modern aesthetics. They tell stories, celebrate history, and invite people from all walks of life to come together in celebration. A glimpse into cultural celebrations African festival posters are a visual feast! From Mali 's Festival au Desert to South Africa 's Cape Town International Jazz Festival, these posters combine bold patterns, vibrant colors, and symbolic imagery to create truly memorable pieces of art. They serve as ambassadors of Africa's rich cultures, blending traditional and contemporary aesthetics to perfectly capture the essence of each event. The artistic process behind the scenes The process of creating an African festival poster is a beautiful blend of traditional artistry and digital enhancement. Artists begin with hand-drawn sketches, incorporating symbols related to the festival, and then these sketches are digitized and refined using graphic design software. This approach merges traditional aesthetics with contemporary techniques, resulting in posters that are not only visually captivating but also deeply rooted in culture. Marketing meets art African festival posters are more than pretty pictures; they're essential tools for promoting events to local and international audiences. With social media becoming the go-to place for event info, these posters are designed to be scroll-stoppers, catching your eye even on a tiny phone screen. Artists walk a tightrope between beauty and clarity, making sure key details like dates, locations, and line-ups pop without sacrificing visual appeal. Sustainability in poster production As the world becomes more conscious of environmental concerns, the artists and organizers responsible for African festival posters are doing their part by making their production processes greener. This means using environmentally-friendly materials like recycled paper or biodegradable inks for physical copies of the posters. And, they are pushing digital versions on online platforms to minimize paper waste and reach more people efficiently. Collecting memories through posters More than just advertisements for events, African festival posters have emerged as sought-after collectibles for art enthusiasts globally. Each poster serves as a snapshot of history, embodying not only the event it represents but also the artistic currents and societal norms at the time of its creation. Collectors value these posters for their historical resonance, artistic appeal, and the sense of nostalgia they inspire, harking back to past celebrations.ST. LOUIS, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), announced its financial results today for its fiscal 2025 second quarter ended September 30, 2024. Fiscal Q2 2025 Financial Key Items (all comparisons to the prior year period) Revenues were $4,928,950 compared to $4,891,830. The increase was primarily due to 10% revenue growth in the insurance distribution business that was offset by a decline in construction revenue Operating income from continuing operations of $486,639 compared to $591,187 in the prior year period Net income was $401,511 or $0.05 per share compared to $236,599 or $.03 per share in the prior year period Subsequent to the end of the quarter, on October 28, the Company announced its Board of Directors had authorized a share repurchase program to repurchase up to 800,000 shares of issued and outstanding common stock and decided to discontinue paying dividends effective immediately Management Comments Timothy M. Klusas, TMA’s Chief Executive Officer, commented, “While our bottom-line results were similar to the second fiscal quarter last year, this quarter showed a 10% revenue increase in the insurance distribution business. The investments in the business we made, and continue to make, appeared to begin to result in growth. During this quarter the Company filled two key open leadership roles, introduced a new logo to reflect a more modern customer-centric company, and integrated new tools and technologies on to our insurance distribution platform for customers to save time, save expense, and in turn drive better outcomes for their customers. In the construction business we completed a large job that was initiated in the prior fiscal year. We continued to maintain a very disciplined approach to only undertaking jobs that were economically profitable with respect to our capabilities. We continued to believe this approach positions us to perform better and have capacity to undertake more suitable jobs.” Mr. Klusas added, “Our general and administrative operating expenses increased this quarter due to a one-time $147,720 non-cash compensation expense. While we have worked very hard to reduce our expenses, we recognized that we may have to adjust these expenses to continue to perform at a high level. We continued to reduce debt and further strengthened our balance sheet by changing our position on dividends.” On October 28 the Company announced its approval of a share repurchase authorization and its decision to discontinue the dividend. At the time, Timothy Klusas, the Company's President and Chief Executive Officer, stated, "The share repurchase authorization represents our financial strength and commitment to enhance shareholder value, and the Board’s willingness to change tactics to do so. The Board recognized, nor did it take lightly, that this action would be a significant change in our shareholder distribution strategy of paying dividends, which the Company has paid consistently since its founding in 1996. The Board arrived at this decision after monitoring the stock price while paying dividends and has concluded in its judgement that its dividend policy was not adequately reflected in the stock price." As of November 27, the Company has repurchased approximately 62,000 shares under this authorization. Fiscal Second Quarter 2025 Financial Review Revenues were $4,928,950 compared to $4,891,830, due to 10% growth in the insurance distribution business that was offset by a decrease in the construction business. Net operating revenue (gross profit) for the quarter was $1,367,731, compared to net operating revenue of $1,427,796 in the prior year fiscal period. While Net operating revenue was greater this quarter in the insurance business, it was offset by a decrease in the construction business versus the prior year quarter. Operating expenses increased to $881,092 compared to $836,609 for the prior year. The increase was due to a one-time non-cash expense of $147,720. The Company reported operating income from continuing operations of $486,639 compared to $591,187 in the prior year period, with differences due to factors discussed above. Operating EBITDA (excluding investment portfolio income) of $553,396 was less than the prior year quarterly EBITDA of $669,709. A note reconciling operating EBITDA to operating income can be found at the end of this release. Investment gain (loss), net (from non-operating investment portfolio) for the quarter was $61,203 as compared with ($129,263) during the same period the previous year. The Company has reduced its holdings of equity securities by 32% at the end of the quarter versus the prior year. Net income was $401,511, or $0.05 per share, compared to $236,599 or $0.03 per share. Common shares outstanding increased 100,000 pursuant to Director retention plans. Balance Sheet Information TMA’s balance sheet on September 30, 2024, reflected cash and cash equivalents of $1.4 million; working capital of $6.1 million; and shareholders’ equity of $6.4 million; compared to cash and cash equivalents of $1.8 million, working capital of $6.1 million, and shareholders’ equity of $6.5 million as of September 30, 2023. About The Marketing Alliance, Inc. Headquartered in St. Louis, MO, TMA provides support to independent insurance brokerage agencies, with a goal of integrating insurance and “insuretech” engagement platforms to provide members value-added services on a more efficient basis than they can achieve individually. Investor information can be accessed through the shareholder section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information . TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”. Forward Looking Statement Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Examples of forward-looking statements include, among others, statements we make regarding our expectations of growth based upon our investments in our business, our recently announced stock repurchase program, our plans to reduce expenses, and our ability to undertake more suitable jobs and generate earnings from our construction business. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, expectations of the economic environment, material adverse changes in economic conditions in the markets we serve and in the general economy; the ways that insurance carriers may react in their underwriting policies and procedures to the continuing risks they perceive from public health matters; the ability of our construction business to be engaged for projects and for those projects to commence on the anticipated timetable and with the anticipated profitability; our reliance on a limited number of insurance carriers and any potential termination of those relationships or failure to develop new relationships; privacy and cyber security matters and our ability to protect confidential information; future state and federal regulatory actions and conditions in the states in which we conduct our business; our ability to work with carriers on marketing, distribution and product development; pricing and other payment decisions and policies of the carriers in our insurance distribution business, changes in the public securities markets that affect the value of our investment portfolio; and weather and environmental conditions in the areas served by our construction business. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. . Note – Operating EBITDA (excluding investment portfolio income) The Company elects not to include investment portfolio income because the Company believes it is non-operating in nature. The Company uses Operating EBITDA as a measure of operating performance. However, Operating EBITDA is not a recognized measurement under U.S. generally accepted accounting principles, or GAAP, and when analyzing its operating performance, investors should use Operating EBITDA in addition to, and not as an alternative for, income as determined in accordance with GAAP. Because not all companies use identical calculations, its presentation of Operating EBITDA may not be comparable to similarly titled measures of other companies and is therefore limited as a comparative measure. Furthermore, as an analytical tool, Operating EBITDA has additional limitations, including that (a) it is not intended to be a measure of free cash flow, as it does not consider certain cash requirements such as tax payments; (b) it does not reflect changes in, or cash requirements for, its working capital needs; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and Operating EBITDA does not reflect any cash requirements for such replacements, or future requirements for capital expenditures or contractual commitments. To compensate for these limitations, the Company evaluates its profitability by considering the economic effect of the excluded expense items independently as well as in connection with its analysis of cash flows from operations and through the use of other financial measures. The Company believes Operating EBITDA is useful to an investor in evaluating its operating performance because it is widely used to measure a company’s operating performance without regard to certain non-cash or unrealized expenses (such as depreciation and amortization) and expenses that are not reflective of its core operating results over time. The Company believes Operating EBITDA presents a meaningful measure of corporate performance exclusive of its capital structure, the method by which assets were acquired, and non-cash charges and provides additional useful information to measure performance on a consistent basis, particularly with respect to changes in performance from period to period.