Latest news with #SRAS
Borneo Post
5 days ago
- Business
- Borneo Post
Sarawakian students welcome RM200 monthly SRAS assistance
(Back, from fourth left) Al-Khalid and Fazzrudin, along with other distinguished guests, pose for a photo-call after the conclusion of the programme. KUCHING (June 18): The Sarawak Rental Assistance Scheme (SRAS), which provides RM200 per month to eligible students, has been well received by Sarawakian students enrolled in higher learning institutions across the state. According to Chief Political Secretary to the Premier Dato Fazzrudin Abdul Rahman, many students have applied for the scheme, which is implemented by the Housing Development Corporation (HDC), following its introduction during outreach programmes at local public and private universities. 'We are pleased to learn from HDC that after our first outreach session, they received a significant number of applications, many of which already been approved,' he said during a press conference at the Sarawak Education Initiative Programme held at the Tunku Abdul Rahman Putra Hall (DeTar Putra), Universiti Malaysia Sarawak (Unimas), yesterday. The programme is part of a wider state-led effort to raise awareness about various government assistance schemes and improve public access to them. 'For this series, we are focusing on education-related initiatives,' said Fazzrudin, adding that more sessions will be held at other campuses across Sarawak, following previous engagements at Universiti Teknologi Mara (UiTM). 'This scheme isn't new, but many students may have been unaware of it previously. Our role now is to bridge that gap and ensure these benefits reach them directly.' When asked whether the scheme would be extended to Sarawakian students studying outside the state, Fazzrudin said such suggestion would be compiled as feedback for the relevant agencies and the Premier. Meanwhile, Unimas deputy vice-chancellor (Student and Alumni Affairs) Prof Dr Al-Khalid Othman expressed appreciation for the SRAS initiative, noting that more than half of the university's students are Sarawakians, with around 6,000 coming from B40 (low-income) households. 'Students generally pay between RM450 and RM500 per semester for accommodation, depending on room type. This assistance goes a long way in reducing their financial burden,' he said. He also welcomed a separate contribution of RM40,000 from the state government to support the campus food bank programme, aimed at helping students from low-income households.
Borneo Post
6 days ago
- Sport
- Borneo Post
Players from 16 countries in Kuching for 23rd Asian Individual and Doubles Squash Championships
Rentap (front fifth left) is flanked by Azlan and Lucy in a group photo with team coaches and other distinguished guests. — Photo by Kentigern Minggu KUCHING (June 17): The 23rd Asian Individual and Doubles Squash Championships 2025 will witness 87 contenders from 16 Asian countries vying for top honours. Running from today until June 26 at the Sarawak Squash Centre here, the championships will feature athletes from Malaysia, Pakistan, India, Hong Kong, Japan, South Korea, China, Iran, Kuwait, Singapore, Chinese Taipei, Kazakhstan, Qatar, Sri Lanka, Iraq, and Macao. 'I hope you will demonstrate that squash remains a highly relevant and fiercely competitive sport across the world,' said Deputy Minister of Youth, Sports and Entrepreneur Development Datuk Gerald Rentap Jabu at the welcoming dinner last night. Rentap commended organisers Squash Racquets Association of Malaysia (SRAM) and Squash Racquets Association of Sarawak (SRAS) for their efforts in securing support for the championships. 'They have also consistently ensured that both the venue and the event are welcoming to all participating nations,' he said. He called for more international sporting events to be held in Sarawak to showcase the state's natural beauty and peaceful charm to the world. Among those present at the welcoming dinner were SRAS president Lucy Read, deputy president Dr Shafiq Abdullah, and SRAM deputy president Azlan Iskandar.
Yahoo
13-05-2025
- Business
- Yahoo
MDWerks Issues Shareholder Update
GREEN COVE SPRINGS, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- MDWerks, Inc. ('MDWerks' or the 'Company') (OTCQB: MDWK), a forward-thinking company leading the charge in the world of sustainable technology, today issued the following shareholder update from its Chief Executive Officer, Steven Laker. Dear Fellow Shareholders, With our first quarter results of 2025 now behind us, we look forward to seeing our hard work from the prior fifteen months come to fruition in the near future. We believe we have taken the necessary calculated steps needed to reposition the Company onto a prosperous path. Whiskey-as-a-Service Among our accomplishments to start the year, we successfully launched our 'Whiskey-as-a-Service' ('WaaS') business model, signing new contracts with two companies for the construction and deployment of our proprietary Spirits Rapid Aging Systems ('SRAS') at their facilities. These contracts not only validate the economic and sustainability benefits of our SRAS units but also are expected to provide us with attractive recurring revenue streams through licensing agreements and ancillary fees for ongoing machine servicing and maintenance. Construction under these contracts commenced in March and both SRAS units are on track for completion in the third quarter of 2025. Our upfront investment in these units will begin to pay off as they go live later this year, providing us with new recurring cash flow streams. Leveraging patented energy wave technology, our SRAS units swiftly, sustainably and cost-effectively mature spirits to create high quality final product with traditional flavor profiles. We see excellent potential for multiple additional SRAS deployments by both customers within the next twelve months as well as by other third parties. Building on the momentum of our first two WaaS contracts, we signed a separate new agreement with an international spirits investment fund (the 'Fund') providing the Fund with limited exclusivity for the deployment of our SRAS units in three countries outside of the United States. To retain exclusivity, the Fund is required to deploy at least one SRAS unit annually in each of the three countries. We will provide updates as new orders take hold in these countries. Whiskey Inventory In another favorable development at the start of this year, we entered into an asset purchase agreement with Brown Water Bourbon Xchange, LLC ('BWBX') under which BWBX sold us 680 barrels of aged whiskey in exchange for restricted shares of our common stock. This deal provides us with a substantial increase in spirits raw material inventory, which we intend to sustainably mature with our own SRAS unit for future sale and re-sell as needed, benefiting our results starting in the second half of the year. Two Trees Beverage Company – New Uplifting Spirits Product Line Earlier this month, our award-winning subsidiary, Two Trees Beverage Company, launched Uplifting Spirits, a new product line focused on supporting community and charitable causes, debuting with Land of the Sky, a limited-edition straight bourbon whiskey aiding Hurricane Helene relief efforts. We are proud of this initiative and pleased to donate ten percent of Land of the Sky sales to relief efforts, including aiding Western North Carolina, where many of our teammates call home. RF Specialties, LLC – Sawdust Drying Machine Update The Company is nearing completion of the fabrication process on its molecular sawdust drying machine for a major lumber mill customer and will move into the quality control and testing phase shortly, with anticipated deployment to the customer in the third quarter of this year. Chief Financial Officer Appointment Finally, we continue to build out our team to support the future growth of MDWerks. In that regard, we were thrilled to announce the appointment of David Stephens as our Chief Financial Officer in March 2025. David brings to MDWerks nearly two decades of financial reporting and accounting experience across a range of private and public companies. He had been working closely with the Company on a consultant basis prior to his formal appointment and has been instrumental in managing our accounting and finance functions since the beginning of 2024. In conclusion, we are continuing to make important investments in our business today to deliver sustainable long-term growth and shareholder value. As a result of our recent progress and investments in the business, we expect our revenue to trend upward in the second quarter and more significantly in subsequent periods of the year compared to our first quarter 2025 revenue. We are excited about MDWerks' future and appreciate your continued support. Sincerely, Steven LakerChief Executive Officer About MDWerks, Inc. MDWerks, Inc. ('MDWerks') (OTCQB: MDWK) is a forward-thinking company that is leading the charge in the world of sustainable technology. As a prominent provider of energy wave technologies, MDWerks is committed to developing innovative solutions that help businesses reduce their costs and drive business value. For more information, please visit MDWerks' wholly owned subsidiary, Two Trees Beverage Company, is headquartered deep in the Appalachian Mountain country, creating fine spirits, aged sustainably. Two Trees' fine spirits brands, including Two Trees® and Tim Smith Spirits®, have received multiple industry awards. For more information, please visit MDWerks' wholly owned subsidiary, RF Specialties, LLC ('RFS'), addresses companies' most pressing challenges by implementing automated radio frequency technology systems in a sustainable way reducing costs and increasing speed to market when compared to traditional methods. For more information, please visit Cautionary Note Regarding Forward-Looking StatementsThis press release contains 'forward-looking statements'. Forward-looking statements also may be included in other publicly available documents issued by MDWK and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as 'anticipate,' 'intend,' 'plan,' 'goal,' 'seek,' 'believe,' 'project,' 'estimate,' 'expect,' 'strategy,' 'future,' 'likely,' 'may,' 'should,' 'would,' 'could,' 'will' and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause MDWK's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for MDWK's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission's website at We assume no obligation to update any forward-looking statements contained in this press release. Company Contact:MDWerks, Inc. Steven LakerT: (252) 501-0019 stevel@ Investor Contact:The Equity Group Kalle Ahl, CFA T: (303) 953-9878 kahl@ in to access your portfolio
