Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe

Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe

Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe

VICTORIA, Seychelles, June 19, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has secured regulatory approval in Georgia to operate as a provider of digital asset exchange and custodial wallet services through the Tbilisi Free Zone (TFZ). The new licensing development is a strategic expansion aligned with Bitget’s plans of growing its licensing portfolio in Eastern Europe, a region increasingly dictating the growth of crypto through open regulatory frameworks and progressive economic outlooks.

Georgia has emerged as a notable hub for crypto innovation, drawing attention with its pro-business stance and supportive environment for crypto and blockchain companies. Ranked among the top countries for crypto mining per capita and blockchain integration, Georgia has actively pursued policies to align with global financial standards while embracing the strong potential of emerging cryptospace. The Tbilisi Free Zone offers tax advantages and has set frameworks and procedures for companies in the digital asset space, making it a hotbed for international players seeking operational flexibility with regulatory clarity.

“Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance. Georgia is an example of how strategic policymaking can open doors for growth while guarding users’ safety and increasing accessibility. Bitget’s goal is to work hand-in-hand with jurisdictions that understand the long game—where crypto is a synonym for the new emerging global economic infrastructure,” said Gracy Chen, CEO at Bitget.

Bitget’s entrance into Georgia aligns with its broader objective of strengthening its presence in markets that support responsible innovation. As crypto adoption accelerates in Eastern Europe, the region has become increasingly important for digital asset platforms looking to serve both institutional and retail users under compliant structures. Regulatory transparency in jurisdictions like Georgia helps ensure that growth is matched with accountability, a principle that aligns with Bitget’s international expansion approach.

Bitget currently holds registrations in several key jurisdictions across Europe, Latin America, and Asia-Pacific. These include AUSTRAC in Australia, OAM in Italy, and Virtual Asset Service Provider listings in Poland, Bulgaria, Lithuania, and the Czech Republic. In the UK, Bitget operates its FCA-approved platform partnering with an Authorized Person for the purposes of Section 21 of the Financial Services and Markets Act 2000. In addition, Bitget’s recent licenses in El Salvador and registration Argentina adds depth to its reach across both rising and established economies, marking a deliberate move into markets shaping the next wave of crypto adoption.

The newly acquired license in Georgia builds on this momentum—signaling a preference for regions implementing crypto-friendly frameworks and regulatory prudence. Each new license marks yet another step towards Bitget’s global strategy to include crypto into everyday infrastructure with high quality products, world-class security and strong compliance towards local regulations.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/595c8101-71b3-4f99-9849-5682104ad6de

GlobeNewswire Distribution ID 1001103785

Hong Kong rises to World’s No.3 most competitive economy

HONG KONG SAR – Media OutReach Newswire – 19 June 2025 – Hong Kong has moved up two places to rank as the world’s third most competitive economy, marking the second successive year that the city has jumped two places in the global rankings to reach its highest position since 2019.

The World Competitiveness Yearbook 2025 (WCY 2025), published (June 17) by the Swiss-based International Institute for Management Development (IMD), assessed 69 economies around the world. Hong Kong made gains in all the factors of competitiveness: “Government efficiency” (second), “Business efficiency” (second) “Economic performance” (sixth), and “Infrastructure” (seventh). The IMD remarked that the gains across all four factors of competitiveness reflect a broad-based approach of Hong Kong to attracting private sector investment.

“The World Competitiveness Yearbook shows that Hong Kong’s scores in overall terms and in many areas have improved, indicating that the Hong Kong Special Administrative Region (HKSAR) Government’s policy directions are on the right course and that various policies have yielded results,” said the HKSAR’s Chief Executive John Lee.

Hong Kong has ranked among the top 10 in the world for over 20 consecutive years, since the WCY 2003.
Hong Kong rises to World’s No.3 most competitive economy

Mr Lee said the ranking also “affirms Hong Kong’s world-class business environment, reflecting business leaders’ positive views on its competitiveness and strengths, including the rule of law, independent exercise of judicial power, a simple tax regime with low tax rates, an efficient and transparent market, a robust financial system, and a facilitating environment aligned with international best practices, as well as free flow of capital, information, goods and talent, which are affirmed by the business community.”

Despite the current uncertain global economic landscape and geopolitical turmoil, Hong Kong recorded solid year-on-year GDP growth of 3.1% in the first quarter of 2025, with full year GDP growth expected to be 2% to 3%.

Totally, 145,053 local companies were newly registered under the Companies Ordinance last year, bringing the overall number of local companies registered to a record high of 1,460,494, at end-2024. Meanwhile, 1,079 newly established non-Hong Kong companies were registered, bringing that overall total to an all-time high of 15,126.

“Under the unique advantages of ‘one country, two systems’, Hong Kong enjoys both the China advantage and the global advantage. We will continue to leverage Hong Kong’s role as a ‘super-connector’ and ‘super value-adder’, strengthen international exchanges and co-operation, expand and deepen regional trade, explore new markets, with a view to building a vibrant economy, striving for development and improving people’s livelihoods on all fronts,” Mr Lee said.

To attract more non-Hong Kong incorporated companies to re-domicile to Hong Kong, the Government launched a new company re-domiciliation regime legislation last month, providing a simple and accessible mechanism for re-domiciliation to Hong Kong.

Already, two insurance companies, AXA Hong Kong and Macau (AXA China Region Insurance Company (Bermuda) Limited) and Manulife (International) Limited have announced plans to re-domicile to Hong Kong under the new regime, subject to regulatory approvals.

Hong Kong is actively driving reforms to strengthen and enhance its position as an international financial, trade, and shipping centre, trawling for businesses and talents. The Office for Attracting Strategic Enterprises has attracted over 80 strategic enterprises to establish offices in Hong Kong, bringing about HK$50 billion total investments in the years to come, and creating over 20,000 jobs.

Among the sub-factors in the WCY 2025, Hong Kong came top for “Tax policy” and “Business legislation” and second for “Education”, “International investment” and “Finance”.

Ranked as a top three global financial centre, Hong Kong’s stock exchange is a key barometer of financial market performance. By May 30, 2025, stock market capitalisation had increased by 24% year-on-year to over US$5.2 trillion.

Notably, the Hong Kong Stock Exchange has seen a surge in initial public offerings (IPOs), with total IPO funds raised reaching nearly HK$79 billion (US$10.12 billion) so far this year, making it the leader among major global exchanges.
Hong Kong is one of the world’s top three ranked global financial centres

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Axi Invites Traders to Explore Their Funded Program With Free, and Early Access Profit-Sharing Perks

All new and existing Axi Select traders can benefit from a limited-time 10% profit-sharing offer during the program’s first stage this August

SYDNEY, June 19, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi is bringing back last year’s standout promotion in its capital allocation offering, inviting more traders to reap the benefits of Axi Select.

Throughout August 2025, all new and existing Axi Select clients in Seed – the first stage of the program – will receive access to $5,000 in trading capital and benefit from a generous 10% profit-sharing opportunity at month’s end. This unique promotion allows traders to not only joining the broker’s funded trading program for free but to also benefit from an exclusive profit-sharing opportunity – typically unavailable at the first stage.

Profit-sharing is traditionally not available at Seed. At this stage, traders focus on solidifying their knowledge and skills using the Axi Select Trading Room and Dashboard. However, once they advance to Incubation – Axi Select’s second stage – the structure changes significantly, with traders becoming eligible for a 40% profit-sharing from Axi funds, increasing up to 90% upon reaching the program’s top milestone.

This limited time offer aims to showcase the tremendous potential of Axi Select to a broader range of talented, ambitious traders. As Greg Rubin, Head of Axi Select, says: “In August, we invite both new and existing traders to discover the innovation that is Axi Select. Axi Select is not just an empty promise of success – multiple traders have already secured the top funding amount of $1,000,000 USD. Our revolutionary, trader-centric program provides all the tools and support needed to guide your trading journey.

Participation in the promotion is free and incurs no fees – the main requirements for new traders are to create their Axi Select account, fund it with at least $500, and qualify for the Seed stage before or during the promotional period. Trades placed in one’s Axi Select account will be mirrored in their allocation account, where all profits generated from trading activity during this period will be subject to a 10% profit-share – automatically paid out at the end of month. Existing clients in Seed will automatically participate by placing trades between August 1st and 31st. Learn more about the Axi Select capital allocation program, here.

About Axi

Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

For more information or additional comments from Axi, please contact: [email protected]

The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. *Standard trading fees and minimum deposit apply.  

GlobeNewswire Distribution ID 1001103557

Hong Kong Tourism Board Brings a Taste of The City to Art Basel in Basel

Celebrating the history of Old Town Central and Hong Kong’s vibrant culture

Hong Kong Bar at Art Basel in Basel 2025
Art Basel Basel 2025_Arts_Hong Kong Bar_01

Hong Kong Bar at Art Basel in Basel 2025, courtesy of Hong Kong Tourism Board

HONG KONG, June 19, 2025 (GLOBE NEWSWIRE) — The Hong Kong Tourism Board (HKTB) is excited to announce its upcoming activation at Art Basel in Basel 2025, presenting the Hong Kong Bar from 19 – 22 June 2025. To bring the project to life, HKTB are collaborating with Hong Kong artist Phoebe Hui to debut her new installation, Under the Moonlight, imbuing the bar with a captivating energy. This will be the first time HKTB showcases the city’s unique culture at Art Basel’s flagship show, as part of their pioneering three-year global partnership with the brand – inviting visitors from around the world to experience the vibrant artistic spirit and dynamic energy of Hong Kong.

HKTB Executive Director Dane Cheng said, “We are committed to sharing Hong Kong’s artistic dynamism and vibrant culture at Art Basel through our three-year global partnership with the fair, connecting with audiences from around the world on this prestigious platform. At Art Basel in Basel, we will showcase the inspiring neighbourhood of ‘Old Town Central’ – transporting visitors to the bustling atmosphere of Hong Kong life with the unique flavours offered on our ‘Hong Kong Bar’ menu. We are also honoured to be working with local artist Phoebe Hui, who will captivate audiences with her installation. We hope that you enjoy raising a glass at the ‘Hong Kong Bar’.”

Angelle Siyang-Le, Director of Art Basel Hong Kong, said: “We are thrilled to bring the vibrant spirit of Hong Kong to the heart of Art Basel in Basel, our mothership of fairs, showcasing not only our city’s rich cultural heritage but also its dynamic and evolving identity. Through the Hong Kong Bar and the collaboration with Phoebe Hui, we invite visitors to experience Hong Kong’s unique blend of tradition and innovation – where every detail, from the Yuen Yeung Martini to the immersive design inspired by Central Market, tells a story of resilience, creativity, and community. This platform marks a significant milestone in our global partnership with Hong Kong Tourism Board, reinforcing Hong Kong’s position as a leading cultural hub that bridges East and West.”

A Taste of Hong Kong’s Heritage: Inspired by Old Town Central and Central Market
The Hong Kong Bar will immerse visitors in the lively atmosphere of Hong Kong’s Old Town Central neighbourhood, featuring a signature cocktail inspired by the city’s distinctive flavours. The “Yuen Yeung Martini” blends vodka and coffee with the famous Hong Kong-style milk tea to offer an energising refreshment for fair visitors. Accompanied by a curated menu of other special cocktails and snacks inspired by Hong Kong’s culinary heritage, visitors will embark on a multisensory journey exploring Hong Kong’s layered urban identity, combining authentic local delicacies with immersive design and art, presenting a holistic experience that captures the city’s essence. Aligning with Art Basel’s flagship fair in Basel, HKTB will showcase the heart of Hong Kong’s cultural scene on the world’s stage.

The bar’s design is inspired by the iconic landmark of Central Market, the first permanent indoor market in Hong Kong’s Old Town Central area dating back to the 19th century. The marketplace played a quintessential part of Hong Kong daily life, hosting lively food stalls and retail spaces. Now, the revitalised community space bridges the past with the present, symbolising the city’s layered and ever-evolving urban identity and providing ample inspiration for the Hong Kong Bar. At Art Basel in Basel, HKTB will embody Central Market’s architectural charm and lively atmosphere, transforming the space into a living tribute to the neighbourhood’s legacy for visitors to engage with the city’s cultural narrative through a blend of taste, space, and story.

Hong Kong Bar at Art Basel in Basel 2025

Hong Kong Bar at Art Basel in Basel 2025, courtesy of Hong Kong Tourism Board

Hong Kong Bar at Art Basel in Basel 2025

Hong Kong Bar at Art Basel in Basel 2025, courtesy of Hong Kong Tourism Board

Artistry and Culture: Capturing the City’s Rhythm
Local artist Phoebe Hui, whose captivating moon-themed pieces and research-driven practice explores how technology shapes our perception of reality, will debut a brand-new installation titled Under the Moonlight, illuminating the bar setting. Hui’s work utilises technology and machine learning to reimagine the moon’s phases, reminiscent of Hong Kong’s energetic, dazzling nights, as well as evoking powerful symbolism in Chinese culture of immortality, femininity, success, and purity. Drawing inspiration from the constantly shifting cycles of the moon, the specially commissioned piece adds an element of poetic and meditative ambiance, echoing the city’s rhythm of constant change and resilience.

Phoebe Hui said, “Hong Kong, famed for neon lights and a city that never sleep — this work offers an introspective pause beneath the moonlight. Moonlight shimmers softly yet sharp, a gauze where neon and quiet hues entwine, neither fully present nor absent. Under the moon’s shifting glow, Hong Kong reveals its contemplative heart, folding the night into layers of color and memory — a whispered dialogue between distant stars and crowded streets.”

A Platform for Global Cultural Exchange
HKTB’s showcase at Art Basel in Basel is a continuation of its ongoing partnership with Art Basel and underscores Hong Kong’s commitment to presenting the city as a leading center for art and culture. Art lovers and cultural enthusiasts from around the world are invited to rediscover Hong Kong as a city that thrives at the intersection of heritage and modernity.

Hong Kong Bar at Art Basel in Basel

  • Location: Hall 2.2, Messe Basel, Messeplatz 10, 4058 Basel, Switzerland
  • Operation Hours:
    • VIP Days: 17-18 June, 11am-8pm
    • Public: 19-22 June, 11am-7pm
  • Visitor Information: Visitor Information | Art Basel

For media inquiries, please contact: Renee Chan | [email protected]

To access hi-res images: https://assetlibrary.hktb.com/assetbank-hktb/action/browseItems?categoryId=2076&categoryTypeId=2&cachedCriteria=1

All image captions: Hong Kong Bar at Art Basel in Basel 2025, courtesy of Hong Kong Tourism Board

Notes to Editor

About Hong Kong Tourism Board
The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked with maximising the contribution of tourism to Hong Kong’s economy and upholding Hong Kong as a world-class travel destination.

The HKTB works in partnership with relevant government departments and organisations, the travel-related sectors, and other entities related to tourism in marketing and promoting Hong Kong worldwide, while enhancing visitors’ experiences through providing diverse and quality tourism products and services. The HKTB has 15 Worldwide Offices and representatives in 7 markets.

About Art Basel
Founded in 1970 by gallerists from Basel, Art Basel today stages the world’s premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, Paris, and Qatar. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms including the Art Basel App and initiatives such as the Art Basel and UBS Global Art Market Report, the Art Basel Shop, and the Art Basel Awards. For further information, please visit artbasel.com.

Photos accompanying this announcement are available at:
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GlobeNewswire Distribution ID 9471259

Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation

  • Delivery marks the first Challenger 3500 aircraft registered in Saudi Arabia, highlighting the global success of this renowned aircraft
  • The best-selling Challenger 3500 business jet is ideally suited for customers in Saudi Arabia with its remarkable performance capabilities, superior runway efficiency and reliability
Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation
Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation

Challenger 3500 aircraft at Bombardier’s facilities.

PARIS, June 19, 2025 (GLOBE NEWSWIRE) — Bombardier is proud to announce the commencement of deliveries of three state-of-the-art Challenger 3500 aircraft to airline company Aloula Aviation based in Saudi Arabia. Aloula Aviation will be receiving the first Challenger 3500 aircraft to be registered in Saudi Arabia. The best-selling aircraft was chosen for its spacious cabin, outstanding range and renowned reliability, making it a judicious addition to Aloula Aviation’s fleet.

“The business jet market in the Middle East is thriving, and we are witnessing a significant increase in demand for super midsize aircraft, particularly for travel within the region and to Europe. As the undisputed market leader in this segment, the Challenger 3500 is perfectly positioned to meet the needs of clients such as Aloula Aviation, as well as our growing client base in Saudi Arabia and the broader Middle East,” said Éric Martel, President and Chief Executive Officer, Bombardier. “Bombardier and Aloula Aviation both share an unwavering commitment to excellence, and the Challenger 3500 will surpass their expectations on every front. As Saudi Arabia continues its bold path laid out in the Vision 2030 plan, we are proud to support Aloula Aviation with this significant addition to their fleet, and the region’s growing aviation hub.”

“The Challenger 3500 aircraft represents the pinnacle of innovation, comfort and performance, perfectly aligning with our commitment to provide the best travel experience,” commented Khalid Hassan Alnatour, Chief Executive Officer, Aloula Aviation. “As we begin the delivery of the three Challenger 3500 aircraft that will join our fleet, we look forward to the many opportunities these jets will bring to our operations.”

The Bombardier Challenger 3500 aircraft is renowned for its ultimate combination of speed, range and comfort, offering the widest cabin in its class. With its impressive performance and Bombardier’s signature smooth ride, the Challenger 3500 is ideally suited for the Middle East market. From Saudi Arabia, it can effortlessly complete non-stop flights to destinations such as Paris, Geneva and New Delhi, further showcasing its remarkable capabilities. The Challenger 3500 offers industry-leading reliability and the ability to operate in diverse and challenging environments, making it a perfect choice for the region.

Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation

Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation

Khalid Hassan Alnatour, Chief Executive Officer, Aloula Aviation, and Éric Martel, President and Chief Executive Officer, Bombardier

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

For Information

For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

Media Contacts
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Christina Lemyre McCraw
+1-514-497-4928
[email protected]

Bombardier, Challenger and Challenger 3500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Photos accompanying this announcement are available at:
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GlobeNewswire Distribution ID 9471233

CAR FINAL DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 24 Deadline in Securities Class Action – CAR

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Avis Budget Group, Inc. (NASDAQ: CAR) between February 13, 2024 and February 10, 2025, both dates inclusive (the “Class Period”), of the important June 24, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Avis Budget securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Avis Budget class action, go to https://rosenlegal.com/submit-form/?case_id=38765 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Avis Budget crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth quarter of 2024; (2) the foregoing acceleration shortened the useful life of the majority of Avis Budget’s vehicles in the Americas segment, thereby reducing their recoverable value; (3) as a result, Avis Budget would be forced to recognize billions of dollars in impairment charges and incur substantial losses; (4) all the foregoing was likely to, and did, have a significant negative impact on Avis Budget’s financial results; (5) accordingly, Avis Budget’s financial and/or business prospects were overstated; and (6) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Avis Budget class action, go to https://rosenlegal.com/submit-form/?case_id=38765 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9471138