Exhibit 99.1

Old Market Capital Announces

2nd Quarter Fiscal Year 2025 Results

November 12, 2024 – Omaha, Nebraska – Old Market Capital Corporation (NASDAQ: OMCC) (the "Company") announced a net loss of $0.45 million attributable to common shareholders for the three months ended September 30, 2024 compared to a net loss of $10.5 million attributable to common shareholders for the three months ended September 30, 2023. Basic and diluted net loss per share was $0.07 for the three months ended September 30, 2024 compared to a net loss per share of $1.44 for the three months ended September 30, 2023.

Total operating expenses from continuing operations increased 147.5% to $3.98 million for the three months ended September 30, 2024 as compared to $1.6 million during the three months ended September 30, 2023. The increase in operating expenses during the quarter was largely attributable to general and administrative expenses related to the execution of the previously announced restructuring plan of the Company, which included the ramp-up of operations for the Company to provide wireless internet, fiber internet, and other new services in conjunction with its acquisition of Amplex Electric, Inc. (“Amplex”), as well as acquisition costs related to the purchase of a controlling stake in Amplex.

The Company reported a net loss of $3.7 million attributable to common shareholders for the six months ended September 30, 2024 as compared to a net loss of $8.9 million for the six months ended September 30, 2023. Basic and diluted net loss per share was $0.56 for the six months ended September 30, 2024 as compared to basic and diluted net loss per share of $1.23 for the six months ended September 30, 2023.

Total operating expenses from continuing operations increased 158% to $8.0 million for the six months ended September 30, 2024 as compared to $3.1 million for the six months ended September 30, 2023. The increase of operating expenses during the first six months were primarily attributable to costs associated with (i) the emigration of the Company from Canada to the U.S.; (ii) the sale of previous operations to Westlake Financial; (iii) the acquisition of a controlling interest in Amplex Electric, Inc.; and (iv) other costs associated with the Company’s previously announced restructuring plan.

“The OMCC Management Team is excited about the strong quarterly performance from Amplex. Amplex contributed nearly $3 million in revenue and $410 thousand of income for the quarter. A large opportunity set for future projects will allow for continued growth and increased contributions to OMCC’s bottom line. In addition to Amplex, the OMCC Management Team is focused on reducing operating expenses and finding additional investment opportunities that are accretive to shareholder value,” commented Jeffrey Royal, CEO of Old Market Capital.

Old Market Capital Corporation (NASDAQ:OMCC), formerly known as Nicholas Financial Inc., was previously a specialized consumer finance company. After the Company announced the restructuring of its operations in November 2023, the Company

now operates as a holding company which owns a controlling interest in Amplex Electric, Inc., a broadband company, and which seeks to pursue additional controlling interests in other companies and sectors yet to be determined. For an index of Old Market Capital’s new releases or to obtain a specific release, please visit the Company’s legacy website at www.nicholasfinancial.com and future website currently under construction, www.oldmarketcapital.com.

Cautionary Note regarding Forward-Looking Statements

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, that represent the Company’s current expectations or beliefs concerning future events. Statements other than those of historical fact, as well as those identified by words such as “anticipate,” “estimate,” intend,” “plan,” “expect,” “project,” "explore," “believe,” “may,” “will,” “should,” “would,” “could,” “probable” and any variation of the foregoing and similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain and subject to certain risks, uncertainties and assumptions that may cause results to differ materially from those expressed or implied in such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. All forward-looking statements and cautionary statements included in this press release are made as of the date hereof based on information available to the Company as the date hereof, and the Company assumes no obligation to update any such forward-looking statement or cautionary statement. Prospective investors should also consult the risk factors described from time to time in the Company’s other filings made with the U.S. Securities and Exchange Commission, including its reports on Forms 10-K, 10-Q, 8-K and annual reports to shareholders.

Old Market Capital Corporation

Condensed Consolidated Statements of Income

(Unaudited, Dollars in Thousands, Except Share and Per Share Amounts)

Old Market Capital Corporation

Condensed Consolidated Balance Sheets

(Unaudited, In Thousands)